MIRA
INFORM REPORT
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Report Date : |
29.05.2007 |
IDENTIFICATION DETAILS
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Name : |
N.D. INTERNATIONAL |
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Registered Office : |
A—10-A, Ashok Vihar , Phase
-2 , |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1982 |
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TAN Number: |
RTKN00881G |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of steering and suspension parts, universal
joint cross of all types , propeller shaft components and all types of
steering worms. With universal ball joint cross . |
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 2800 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
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Subject is a well –established and reputed concern having satisfactory
track . Proprietor is reported as experienced
and respectable businessman. 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 dealing at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
A-10-a, Ashok Vihar , Phase -2 , |
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Tel. No.: |
91-11-27732028/27732346 |
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Fax No.: |
91-11-27732346 |
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E-Mail : |
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Website : |
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Area : |
1200 sq .ft. |
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Location : |
Owned |
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Factory 1 : |
N-24 ,DSIDC Industrail Area , Bawana , |
SOLE PROPRIETOR
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Name : |
Mr. Trilok Dang |
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Designation : |
Proprietor |
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Date of Birth/Age : |
47 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Mobile no : |
91-9811422700 |
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KEY EXECUTIVES
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Name : |
Mr. Rakesh Dang |
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Designation : |
Key Executive |
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Mobile no.: |
91-9312284658 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of steering and suspension parts, universal
joint cross of all types , propeller shaft components and all types of steering
worms. With universal ball joint cross . |
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Products : |
Steering and
Suspension Parts Tie rod end Ball Joint Rack end Tie rod assembly Draglink assemblies Suspension bushes Universal
joint cross of all types Propeller
Shaft components Propeller shaft sleeves , yoke and teeth Flange cross holder Coupling Flange Steering column assembly All type of
steering worms. |
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Exports : |
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Countries : |
Gulf countries, Europe, |
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Terms : |
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Selling : |
L/C, D/A, and DP : All -30 days of credit Cash or 30-45 days credit |
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Purchasing : |
Cash or 30-45 days credit |
GENERAL INFORMATION
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No. of Employees : |
4 |
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Bankers : |
ICICI Bank Limited , Model town
, Punjab National Bank – |
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Banking
Relations : |
Satisfactory |
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Memberships : |
EEPC |
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Associates/Subsidiaries : |
Mr. Arora Udyog N-24 , DSIDC Industrial Area,
Bawana , Sales Turnover : Rs.10.000 millions Employees: 25 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.700 million |
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Borrowed : |
Rs.0.000 million |
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Total : |
Rs.0.700 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
4.000 |
3.500 |
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Profit/Loss for the year |
8% |
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Expected Sales (2007-08) : Rs.5.000millions
LOCAL AGENCY FURTHER INFORMATION
PROFILE
Subject is a manufacturer and exporter of
steering and suspension parts , universal
joint cross of all types , propeller shaft components and all types of
steering worms. With universal ball joint cross we forayed into the field of automobile components forty
years ago .
By
unremitting efforts and steadfast attention to quality and customer relations
they grew immensly founding several sister concerns from time to time . Today they are known by impeccable product
quality.they manufacture and supply an exhaustive range of products for all
Indian Vehicales.
Their production
At
subject have sworn to produce and provide products par excellence which can stand the test of time and performance. That’s why they
procure raw materials only from reputed sources and their
end product is the best testimony of strigent quality measures they
take.
The matching process is on state of the art
machinery and skilled labour ensures that the production process and the end
product is in good hands . A professional approach as they all know , always
pays rich rich dividends . they made it
a point to insist on true quality . Starting from the grass roots , they
didn’t want even that image to be
sullied . For them , honesty and value for money are of paramount importance.
1.
Steering and suspension parts
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Tie rod end
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Ball joint
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Rack end
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Tie rod assembly
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Draglink assemblies
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Suspension bushes2 Universal joint cross of all types
2.
Propeller shaft
components
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Propeller shaft sleeves ,
yoke and teeth
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Flange cross holders
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Coupling flange
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Steering column assembly4
. All types of steering worms.
For Indian vehicales 4 Weeler
Their Production
At subject have
sworn to produce and provide products par excellence which can stand the test of time and performance. That’s why they procure raw
materials only from reputed sources and
end- product is the best testimony of strigent
quality measures they take.
The matching
process is on the state- of –the – art machinery and skilled labour ensures that
the production process and the end product is in good hands. A professional
approach as they all know , always pays
rich dividends . They made it’s point to insist on true quality starting from
the grass roots, they didn’t want even that image to be sullied. For them,
honesty and value for money are of paramount importance.
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.40.73 |
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1 |
Rs.80.43 |
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Euro |
1 |
Rs.54.74 |
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 |
YES |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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