MIRA
INFORM REPORT
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Report Date : |
18-May-2007 |
IDENTIFICATION DETAILS
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Name : |
K.M. CABLES AND CONDUCTORS |
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Registered Office : |
No. 234, 3rd, Floor, Garudachar Complex, Chickpet, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1990 |
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Legal Form : |
Partnership Concern with Unlimited liability of the partners |
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Line of Business : |
Manufacturer of VG Flexible Sheelded Teflon Telephones and other types
of cables. |
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 200000 |
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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 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 : |
No. 234, 3rd, Floor, Garudachar Complex, Chickpet, |
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Tel. No.: |
91-80-22253445 |
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Mobile No.: |
91-9341285508 |
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Fax No.: |
91-80-22286457 |
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E-Mail : |
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Area : |
10000sq.fts |
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Location : |
Owned |
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Factory 1 : |
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Area : |
10000sq.fts |
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Location : |
Owned |
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Factory 2 : |
Uttar Pradesh |
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Area : |
10000sq.fts |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr. Rishi Kansal |
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Designation : |
Partner |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
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Name : |
Mr. Dwarak |
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Designation : |
Partner |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of VG Flexible Sheelded Teflon Telephones and other types
of cables. |
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Products : |
Insulated single/ Multi Core Cables ¨
Silicon / EPR / Rubber Cables ¨
Aerial Bunched Cables ¨
Power and Control Cables ¨
Thermocouple Cables ¨
Disc Type Porcelain Insulators ¨
Screen Shielded Instrumentation Cables ¨
Telecommunication Cables / Jelly filled Cables ¨
Insulated Silver Plated Copper Cables and
AAC/AAAC/ACRS Conductors |
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Exports : |
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Countries : |
Asian Countries, |
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Terms : |
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Selling : |
Terms of Export: Direct Local
Sale: Credit 30 days |
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Purchasing : |
Against payment |
GENERAL INFORMATION
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Suppliers : |
¨
Dalco ¨
Balco ¨
Nalco ¨
Indal ¨
HCL ¨
Copper |
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Customers : |
¨
Government of ¨
Telephone Department ¨
Power Sector Companied |
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No. of Employees : |
100 (70 Technical, 30 Other) |
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Bankers : |
Canara Bank, Chickpet Branch, |
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Facilities : |
Operating on own funds |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Nagesh and Company Chartered Accountants |
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Address : |
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Memberships : |
Cable Manufacturers Association |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.50.000 millions |
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Borrowed : |
- |
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Total : |
Rs.50.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
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200.000 |
180.000 |
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Profit/Loss for the year |
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indicate@10% |
- |
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Export Value |
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4.000 |
3.500 |
Expected Sales (2007-08) : Rs.500.000 millions
Export value: Rs.5.000 millions
LOCAL AGENCY FURTHER INFORMATION
Average value of Inventories at any given time: Rs. About 5.000 millions
Company Profile
Established
in the year 1997, the subject is proud to introduce themselves as an eminent name
engaged in manufacture and supply of comprehensive range of ISI market cables
and wires. Their spectrum of products are single/multi core cables, thermocouple cables, telecommunication cables,
conductors, aerial bunched cables, stain and post and disc type porcelain
insulators.
All their range of products are stringently checked & inspected at Central
Power Research Institute (CPRI) of
With their uncompromising attitude towards quality and customer's centric
approach, they have been able to achieve the trust and confidence of major
players of varied industries. This further enabled to mark them as a dependable
manufacturers and suppliers of superior quality cables and wires.
Their Array of
Products 
Customer's
satisfaction has always been of paramount importance of their business
organisation. Thus, they ensure quality standards in their extensive range of
product line. Their comprehensive range encompasses:
- Insulated
Single/Multi Core Cables
- Power And
Control Cables
- Screen
Shielded Instrumentation Cables
- PTFE
Insulated Silver/Nickel Plated Copper Wires
- Cables &
PTFE Sleeves
- Silicon/EPR/Rubber
Cables
- Thermocouple
Cables
- Telecommunication
Cables/Jelly Filled Cables
- AAC/AAAC/ACSR
Conductors
- Aerial
Bunched Cables
·
Stain, Post And Disc Type Porcelain Insulators
Their Collection
Insulated
Single/Multi Core Cables
Screen
Shielded Instrumentation Cables
Insulated
Silver/Nickle Plated Copper Wires, Cables & Sleeves
Telecommunication
Cables/Jelly Filled Cables
Disc Type Porcelain Insulators
Quality Control
Mechanism
They offer assortments
of ISI products as per IS:694 and IS:1554 standards. Their organisation is
facilitated with in-house testing laboratories that enable them to manufacturer
and supply wide range superior quality cables and wires. Prior to the
utilization of raw material, they consistently inspect them on different
parameters of quality, durability and many more.
Furthermore, before delivery the products, all their products are duly approved
by department of telecommunication, defense and some of major quality certification
providing consultants. In addition to it, their products consistently monitored
by at Central Power Research Institute (CPRI) of
Infrastructural
Facilities
They are in
possession of well equipped infrastructural facility that constitute
specialised testing laboratories, latest machinery, components & equipment.
Their modern infrastructural facility enable them to manufacture bulk order
consignment apart from customization facility.
Backed by experienced, skilled and qualified team of personnel, who have gained
expertise in this field. The skilled team of experts produce the superior
quality products that best suit the challenging requirement of diverse
industries.
Industries, They
Cater To
Their spectrum of
precision engineer cables and wires have diverse industrial applications. The
wide range of superior quality products are widely used in following
industries:
- Telecommunication
- Defense
- Cement &
Petrochemical
- Steel &
Mining
Power &
Electricity
Strong Customer's
Base
Optimizing on their sound infrastructural facility and skilled team of personnel,
they cater to the most of the major Asian market. In addition to it, they also
offering comprehensive range of products in overseas markets. Their products
are widely used by well known and established, multinational organisation of
the industry. Some of their clients are:
Why Them ?
- Technologically
advanced manufacturing plant.
- Stringent
quality control mechanism.
- In-house
testing facilities.
- Huge
inventory.
- Timely
delivery.
- Market
leading prices.
- Customization
facility.
|
Tele Communication |
Power |
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Department of Telecommunication
. Development of Telematics
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Electricity Board (KPTCL/Bescom/Hescom) L & T ECC Division Reliance Energy Limited. ABB Limited |
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Steel and Mining |
Cement |
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Steel Authority Of India Limited (SAIL) |
MadrasCements |
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Chemicals and Petrochemicals |
Multinational Corporations |
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Refineries |
Siemens Alstom |
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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.40.90 |
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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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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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54 |
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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