MIRA
INFORM REPORT
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Report Date : |
16.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DHARAM POWER TRANSMISSION EQUIPEMENTS PRIVATE LIMITED |
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Registered Office : |
C-196, Phase II, Mayapuri, Industrial Area, |
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Country : |
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Date of Incorporation : |
08.09.2006 |
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Com. Reg. No.: |
153378 |
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CIN No.: [Company
Identification No.] |
U40104DL2006PTC153378 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Power Transmission Equipements |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Directors are however reported as experienced and respectable businessmen. Trade
relations are reported as fair. Payments are usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
C-196, Phase II, Mayapuri, Industrial Area, |
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Tel. No.: |
91-11-41694116 |
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Mobile No.: |
91-9810191949 |
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Fax No.: |
91-11-41694113 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Mohinder Pal Singh |
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Designation : |
Director |
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Address : |
20-A/11B, Tilak Nagar, |
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Date of Birth/Age : |
26.04.1964 |
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Date of Appointment : |
08.09.2006 |
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Name : |
Mr. Mohinder Singh |
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Designation : |
Director |
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Address : |
20-A/11B, Tilak Nagar, |
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Date of Birth/Age : |
11.04.1962 |
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Date of Appointment : |
08.09.2006 |
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Name : |
Mrs. Sarabjeet Singh |
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Designation : |
Director |
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Address : |
20-A/11B, Tilak Nagar, |
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Date of Birth/Age : |
04.12.1984 |
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Date of Appointment : |
08.09.2006 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Power Transmission Equipements |
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Products : |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
125 |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Associates: |
Bodyline Slimming and Beauty Centre Private Limited |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Applicable
LOCAL AGENCY FURTHER INFORMATION
Company
Profile:
Their Company, subject
specializes in the design, development, production and marketing of high
quality Power Transmission Equipments, to the highest specifications,
with proven performance in diverse industries across the globe. An accent on
quality combined with ongoing research and development has given us
international reputation for excellence. Despite this growth, we ensure that
their customers receive due attention, with higher quality products and scheduled
deliveries. As a customer focus & technology driven organization
offering quality products & services is their forte. By updating
technology & infrastructure, we have continued to deliver high value
products to their customers.
Their
Their gears & gear boxes are widely available under the
brand name "OMEX". Maintaining the pace with
time, we have carved a niche for theirselves within the industry. We are an
established manufacturer, exporter & OEM (Original Equipment Manufacturer) supplier
of a wide range of industrial gears, gearboxes and custom made gears.
Their wide line of products include:
- Industrial Gears
- Helical Gear Boxes
- Worm Gear Boxes
- Gear Cases
- Worm/Worm Wheels
- Wheel Shafts
- Extruder Gear Boxes
- Bevel Helical Gear Boxes
- Gear Couplings.
Their Quality
At Dharam Power, high quality standards pervade every
aspect of their operations. Quality is an integral element at every stage -
designing, development, engineering, production and planning process. By
integrating their streamlined production methodologies with a strong quality
focus, we are able to manufacture products at par with established
international standards. Therefore, right from product planning, selecting
of raw materials, production, quality inspection & other quality control
methods like Profile Grinding of Gear, Special Heat Treatment of Material. The
Teamwork Management is held for the whole process of gear making. Stringent
quality management system is backed by strong regulatory standards that ensures
that we maintain an unwavering focus on excellence throughout their products
and processes. Consistent improvement is a requirement rather than an option
with us.
Machinery Used
In their company, the machinery used are well working with
great accuracy results. Certain machinery we use in their company are generally
Swiss made or made in
Their wide line of machinery includes
- Reishaur Gear Grinders
- Profile Grinders
- Surface Grinder
- Cylindrical Grinders
- Bore Grinders
- Hobbing Fo6, 10, 16, 32
- Boring Machines
- Lathe Machines, etc.....
Gear Box Applications
The gear boxes manufactured by Company are primarily
used for cement plants, sugar industries, mini sugar plants, steel plants and
rolling mills, E.O.T Cranes, Tube Mills, Metal Crushers, Textile Industries,
Agriculture Industries, Chemicals etc...
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 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.40.76 |
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1 |
Rs.80.67 |
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Euro |
1 |
Rs.54.58 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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18 |
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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