MIRA
INFORM REPORT
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Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
DHIMAN IRON AND STEEL INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
G T Road, Khanna Side, Mandi
Gobingarh, Punjab |
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Country : |
India |
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Date of Incorporation : |
31.03.2007 |
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Com. Reg. No.: |
31025 |
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CIN No.: [Company
Identification No.] |
U27109PB2007PTC031025 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLD10945E / PTLD12382G |
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PAN No.: [Permanent
Account No.] |
AACCD5702F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and
Suppliers of Round, Liners, Spring Steel Flats, E.N. Series and Alloy Steel. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and has taken over the running business of
the erstwhile partnership concern Dhiman Iron and Steel Industries. Directors
are reported as experienced and respectable businessmen. Trade relations are
reported as fair. Payments are reported as slow but correct. The Company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
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Registered Office : |
G T Road, Khanna Side, Mandi
Gobingarh, Punjab, India |
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Tel. No.: |
91-1765 – 258759 / 325004 / 279059 |
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Fax No.: |
91-1765 -255759 |
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E-Mail : |
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Website : |
http://www.dhimansteels.com
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DIRECTORS
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Name : |
Mr. Raja Ram Goel |
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Designation : |
Director |
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Address : |
388, Sector 4-C, Shastri Nagar, Mandi Gobindgarh – 147 301, Punjab |
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Date of Birth/Age : |
26.03.1951 |
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Name : |
Mr. Lalit Mohan Goyal |
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Designation : |
Director |
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Address : |
388, Sector 4-C, Shastri Nagar, Mandi Gobindgarh – 147 301, Punjab |
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Date of Birth/Age : |
01.05.1959 |
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Name : |
Mr Rohit Goyal |
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Designation : |
Director |
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Address : |
423, Sector 4-C, Shastri Nagar, Mandi Gobindgarh – 147 301, Punjab |
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Date of Birth/Age : |
27.03.1974 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Suppliers of Round, Liners, Spring Steel Flats, E.N. Series and Alloy Steel. |
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Products : |
· Steel Bars · Rounds · Squares · Liners · Spring Steel Flats · E. N. Series · Alloy Steels. |
GENERAL
INFORMATION
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Bankers : |
State Bank of Patiala Address: GT Road, Mandi Gobindgarh, Punjab
– 147 301 Email ID: dhiman1967mgg@yahoo.co.in |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity shares |
Rs. 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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29000 |
Equity shares |
Rs. 10/-
each |
Rs. 0.290
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company.
LOCAL AGENCY
FURTHER INFORMATION
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Corporation identity number or foreign company registrations number of
the company |
U27109PB2007PTC031025 |
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Name of the company |
DHIMAN IRON AND STEEL INDUSTRIES PRIVATE LIMITED |
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Address |
G T Road, Khanna Side, Mandi
Gobingarh, Punjab |
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This Form is for |
Creation of charge |
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Type of Charges |
· Immovable property · Book debt · Movable property |
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Particular of the charge holder
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State Bank of Patiala Address: GT Road, Mandi Gobindgarh, Punjab
– 147 301 Email ID: dhiman1967mgg@yahoo.co.in |
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Nature or description of the instrument creating charge |
· Agreement of loan for overall limit (SBP -1611) · Agreement of hypothecation of goods and assets (SBP -1612) · Letter (SBP 629) |
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Date of the instrument creating charge |
23.04.2007 |
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Amount Secure by the charge |
Rs. 10.400 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate
of interests: 1% below banks PLR with a minimum of 12%
p[.a (change from time to time according to the direction of the RBI / Our
head office) Terms
of repayment: On demand Margin: 25% against Stock 50% against Book Debts Extent
and operation of the charge: 100% Others Nil |
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Short particulars of the
Property charged |
· Hypothecation of entire stock lying in factory / shop to the bank · Book Debts · Equitable mortgage of factory land And building (Property measuring 8 Kanal 15 Marlas vide Wasika No. 19 dated 21.06.1971 with Sub Registrar, Amloh |
WEBSITE DETAILS:
Subject have pleasure
in introducing their selves as One of the leading Stockiest, Suppliers and
Manufacturing of Round, Liners, Spring Steel Flats, E.N. Series and Alloy Steel
in India. They are accredited with most orders in all over India. The quality
of Their Material from all these plants are widely acclaimed. By the good
result of their outstanding quality products in this field and having served in
most of the industries they have gained a good market reputation.
Today their firm supplies wide range of machinery items used in various field
of industries and given boost to many Medium and Small Scale Industries Since
their establishment. Subject being one of the most offering almost everything
to the buyer across the India under one roof and in accordance with the
International Standard.
They maintain the winning stride in the competition by understanding their
clients needs and wants by providing them any Tailor-Made products as per
specification or sample and ensuring the satisfaction.
They at the company have developed their core competence in the exporting of
superior Quality of Precision Engineering.
Subject experience coupled with sourcing from reliable manufacturers, who have
distinguished themselves in the production of specialized products, has helped
them develop a strong base of satisfied clients.
Their corporate philosophy includes "Service by Technological
Integration", all their professionals are highly dedicated and committed
to their clients requirements. Their team strives to provide quality service
and products that match the exact
Why Business
with Them?
He reasons that
give them a cutting-edge over others are:
·
On time delivery of
product and service
·
High Performance and
Easy Maintenance
·
Assured quality
supplied
·
Operational
Simplicity and Reliability
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Transparent dealing
·
Industry Leading
Price Points
·
Proactive Customer Care.
INFRASTRUCTURE:
They have automatic
rolling mill at Nacharam, having all modern and sophisticated machines in order
to achieve their target production with full accuracy and quality. Their
state-of-the-art manufacturing unit is well equipped with sophisticated
technology and technical know-how to develop and design innovative products.
Giving attention to every minute detail in manufacturing process, they use cutting-edge
technology to provide their customers with the best products and services.
They sincerely believe that human power is the foundation of their successful
business and are determined to get the greatest value from their manpower
capabilities. Their work stations are managed by qualified engineers who
continuously work on tomorrow's solutions. Each of their employees is trained
to act in the long-term interests of their customers. Their engineers and
technicians ensure that each product is designed in the most efficient and
effective way and are capable enough to accomplish any challenge.
QUALITY:
Technology Used
A burning desire to
excel combined with strength and hard work to accumulate priceless expertise has
earned them a position to recommend and offer the right kind of products.
Automation, instrumentation and computerized controls bring about quality
controls, operational optimization, enhanced productivity and operational cost
benefits. Their plants incorporate the newest developments in technology,
adhere to the latest international standards and are environment-friendly in
terms of dust emission and noise levels.
Continuous Improvement Process: The most important challenge of continuous
improvement is communication and this is best exemplified by their ability to
reach out and easily touch their employees, customers, healthcare professionals
and suppliers. They pride their selves on providing exceptional service to
their customers and their patients.
Quality
Assurance
Since their
inception, they have been following ethical business principles and that has
been the reason for their progressive growth. They believe their reputation for
high corporate standards is a key attribute, which they have to maintain by the
virtue of delivering consistent quality innovations to this competitive world
of trade.
Quality has been the success mantra of the company and they always strive to
improvise at quality front. They are committed to follow international standards
of quality everywhere they operate. The philosophy of making the quality
castings and offering reliability in service results in one of lowest product
failure in their foundry and at customer's end.
The Inspection Department is responsible for all aspects of Quality Control
from receiving raw material, control of all machining processes, welding, heat
treatment, non-destructive testing, up-gradation, cleaning and packing. A
permanent record of all completed quality goals is prepared and sent to customers.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.39.32 |
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UK Pound |
1 |
Rs.81.35 |
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Euro |
1 |
Rs.56.75 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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27 |
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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