MIRA
INFORM REPORT
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Report Date : |
01.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DHAMIJA GRINDERS |
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Registered Office : |
F – 37, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1992 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTD00173F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partners. |
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Line of Business : |
Manufacturer, Exporter, Suppliers of Spices – Direct and Blended in
Powder. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 17200 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
F – 37, |
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Tel. No.: |
91-120-6546051 |
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Fax No.: |
91-120-6546051 |
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E-Mail : |
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Website : |
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Area : |
800sq.fts |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr. Om Prakash |
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Designation : |
Partner |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Under Graduate |
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Experience : |
12 Years |
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Name : |
Mr. Gurbux |
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Designation : |
Partner |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Under Graduate |
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Experience : |
8 Years |
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Name : |
Mr. Jatinder Kumar |
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Designation : |
Partner |
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Date of Birth/Age : |
29 Years |
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Qualification : |
Graduate |
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Experience : |
2 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Suppliers of Spices – Direct and Blended in
Powder. |
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Products : |
Spices Powders
like:
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Exports : |
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Countries : |
Negotiating (Presently Indirectly) |
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Terms : |
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Selling : |
Credit, Cash |
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Purchasing : |
Credit, Cash, Sight |
GENERAL INFORMATION
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Customers : |
Local Customers, End Users |
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No. of Employees : |
48 (6 Office, 42 Factory) |
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Bankers : |
Punjab National Bank, Nehru Nagar, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Permanent |
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Memberships: |
ISO 9001 – 2000 Certified Company |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.4.300 millions |
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Borrowed : |
- |
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Total : |
Rs.4.300 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
50.000 |
40.800 |
40.500 |
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Profit/Loss for the year |
1.350 |
1.265 |
1.190 |
LOCAL AGENCY FURTHER INFORMATION
Trade Reference:
- MDH,
Jalandhar and
- Haryali Group
- Haldiram
Group
Company Details:
Subject is a manufacturer, exporter and supplier of varieties of Spices Powders like Direct and Blended Spice Powder,
Indirect Spice Powder, Chillies Powder (Kashmiri Mirch, Deggi Mirch, Elast,
Classic Mirch Powder), Turmeric Powder, Coriander Powder, Jeera Powder (Cumin
Seed), Black Pepper Powder, Methi Powder; In Blended Spices like Meat Masala,
Chana Masala, Chicken Masala, Mutton Masala and Pickle Masala. Established
in 1992, the company believes in the agricultural fraternity using the
naturally produced bio-products. The company having specialized in Spices takes
special care in choosing, processing of premier quality Spices and this ensures
quality products prepared from it. The professionals of the company possess
in-depth and extensive knowledge in the field of Spices and other natural
products.
Their company endeavors to impart international quality at competitive prices.
The reliability, competitive pricing and prompt service are the key factors of
the company's success. Prompt delivery to the global clientele helps them get a
leading edge over their peers. They offer products as per the specifications given
by the customers. They assure to give regular supply of their products as per
the required quality within the scheduled period. The company's vision has been
to be one of the top ranking manufacturer, exporter and supplier of
bio-products in the future with major thrust on quality efficient services.
They have combined technology, production and management and offer free
professional solutions to customers.
They possess a highly skilled workforce and a Research and Development
department that actively expands their products range to meet changing market
trends and the requirements of their customers. They believe that their company
has all the credentials necessary for future growth. In terms of policy, they
allow ourselves to be held by technology and design and believe that these
elements will help them to further strengthen our brand and corporate image
worldwide
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.54 |
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1 |
Rs.80.21 |
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Euro |
1 |
Rs.54.51 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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46 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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