MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
NATRAJ INDUSTRIES |
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Registered Office : |
Plot No. 65, Sector – 6, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1978 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturers and Exporters of Packaging Machinery. |
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 12000 |
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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 : |
Plot No. 65, Sector – 6, |
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Tel. No.: |
91-129-2241403 / 2241404 / 2301404 / 2242404 / 3094571 |
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Mobile No.: |
91-9811044404 |
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Fax No.: |
91-129-2243403 / 5243403 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq. fts. |
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Location : |
Owned by Nagpal Brothers (Joint Property) Rented to the Company |
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Branches : |
57, Sri Niketan, Vasantham Nagar, Singanallur, |
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Mobile No.: |
91-9843022674 |
PARTNERS
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Name : |
Mr. Sandeep Nagpal |
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Designation : |
Partner |
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Date of Birth/Age : |
42 years |
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Qualification : |
B. E. |
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Experience : |
21 years |
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Name : |
Mr. Hitesh Nagpal |
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Designation : |
Partner |
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Date of Birth/Age : |
41 years |
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Qualification : |
MBA |
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Experience : |
20 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Packaging Machinery |
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Products : |
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Exports to: |
Russia, Ukraine, West Indies, Mexico, Sri-Lanka, Bangladesh, Middle
East, Indonesia, Malaysia |
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Terms : |
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Selling : |
Cash or Credit (30 days – 45 days) |
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Purchasing : |
Cash or Credit (30 days) |
PRODUCTION STATUS
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Installed Capacity, Actual production Capacity to increase production by 25 % |
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GENERAL INFORMATION
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Suppliers : |
Local Purchase |
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Customers : |
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No. of Employees : |
40 |
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Bankers : |
United Trust of India Bank Limited Balabhgarh, Sector – 7, |
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Banking
Relations : |
Satisfactory |
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Memberships : |
IPAMA, IIP, EEPC, FSIA |
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Associates/Subsidiaries : |
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Name : |
Nagpal Packaging Machinery Private Limited |
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Address : |
P- 39, South Ex – II, |
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CIN No.: |
U74899DL1991PTC042582 |
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Date of
Incorporation : |
02.01.1991 |
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Authorized
Capital : |
Rs.1.00 million |
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Paid-up Capital
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Rs. 0.226 million |
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Name : |
Nagpal Engineering |
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Name : |
Nagpal Exports |
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Line of
Business: |
Manufacturing of Packaging Machinery |
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No. of
Employees: |
45 |
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Sales Turnover: |
Rs. 25.000 millions (3 Companies) |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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24.000 |
20.000 |
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Profit for the year |
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8 % |
NA |
Expected Sales (2007-08): Rs. 30.000 millions
LOCAL AGENCY FURTHER INFORMATION
Website
details Attached:
The
name of the Concern today is very popular with the corrugated
packaging industry, not in
Concern soon grew as an exporter for corrugated
packaging machinery and achieved distinction of exporting
Subject
from the day one, emphasized to ensure quality products with zero error
concept, releasing the fact , concern got ISO
9001:2000 certification from URS,
The growing number of orders and different approaches of each box maker to
solving similar problems gave subject the
opportunity to familiarize and stimulate its incentive genius.
Subject has earned the prestigious National
Award for Excellent quality. Concern today is recognized
as a Symbol for quality performance and excellence.
Continued
relatively strong dedication to work and its commitment to service have finally
led concern to emerge as one of the leaders. The company has
established a worldwide reputation, which is continued to the present.
Over the years, subject has developed "A Solid Reputation" in
Subject has installed
thousands of machines in
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. 40.90 |
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1 |
Rs. 80.78 |
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Euro |
1 |
Rs. 55.18 |
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 |
6 |
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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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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48 |
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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