MIRA
INFORM REPORT
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Report Date : |
02.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DIMY ENTERPRISES |
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Registered Office : |
#20, Hakkam Singh Enclave, Opposite Central Jail, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1981 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of Safety Equipments for Roadways and Railways, Solar lights,
Signal and all type of Railway Lights. |
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 26000 |
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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. Proprietor is 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/Factory1 |
20, Hakkam Singh Enclave, Opposite Central Jail, |
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Tel. No.: |
91-183-6540208 |
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Mobile No.: |
91-9872756693 / 9878031298 / 9872031298 |
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Fax No.: |
91-183-6540208 |
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E-Mail : |
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Website : |
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Area : |
500 sq.mtrs |
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Location : |
Owned |
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Factory 2: |
Chatarpur, |
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Area : |
500 sq.mtrs |
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Branch: |
Mehrauli, |
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Area : |
500 sq.fts |
SOLE PROPRIETOR
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Name : |
Mr. Jasbir Singh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
65 years |
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Qualification : |
Engineering |
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Experience : |
33 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Safety Equipments for Roadways and Railways, Solar lights,
Signal and all type of Railway Lights. |
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Products : |
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Solar Products ·
Solar Lights ·
Road Signal Lights
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All types of Railway Lights |
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Imports : |
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Products : |
Machinery and Spares |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit ( 60 Days), Sight |
GENERAL INFORMATION
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Customers : |
Local Customers, End Users |
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No. of Employees : |
88: ( 20 in Office, 68 in Factory) |
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Bankers : |
· ICICI Bank, Address:
Limit: Rs.10.000 millions · Andhra Bank Address: Hall Bazar, Limit : Rs. 10.000 millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 6.500 millions |
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Borrowed : |
--- |
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Total : |
Rs. 6.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
99.500 |
89.700 |
68.400 |
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Profit/Loss for the year |
2.850 |
0.650 |
2.350 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE:
· Northern Railways
· Amritsar Municipal Corporation
· Jalandhar Municipal Corporation
· Huda
WEBSITE DETAILS:
They are well versed in the art of engineering superlative traffic safety products.....
With a perfect combination of a
highly motivated team and continued investment in technology, they, at Dimy
Enterprises, introduces their selves as
a prominent manufacturer and exporter engaged in offering high quality traffic
safety products to its clients. The renowned business entity is a one stop
destination to procure highly efficient and durable solar products,
solar lights, road signal lights and all types of railway lights. Their products, while manufactured with
unique features and characteristics, share a common background with respect to
parts, programming, and operational features.
They are professionally managed
by a group of highly qualified technocrats having well versed knowledge of the
discipline. The company with its hard work, sincerity and reliable product
quality, managed to develop a wide client base in both domestic and overseas
market. Their strict commitment towards product innovation and client
satisfaction is the main reason behind their dignified reputation in the
market. All their products are manufactured as per Punjab Quality Mark and
other internationally accepted norms and procedures.
Dimy Enterprises is a distinguished
manufacturer and exporter of the following range of products:
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Solar Products
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Solar Lights
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Road Signal Lights
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All types of Railway Lights
Quality Assurance
They are a quality
driven company and follow stringent quality control procedures to maintain
premier quality.
Their quality
management system comprises of Incoming inspections, in process inspections and
final product inspection, thus making their products more dependable and
reliable. All the products are manufactured under the strict supervision of
trained professionals that hardly leaves even a marginal possibility of faulty
degradation.
Client Satisfaction
Their sole business
motto is to serve their valued clients with the superior range of products at
market leading prices. They are known for their client oriented approaches and
transparent trade practices in the entire business community.
Infrastructure
They are well supported by an
advance manufacturing unit that enable them to realize all their business
objectives. Their unit is equipped with latest state-of-the-art manufacturing
unit and highly excellent human resources to produce world class products at
most reasonable prices. They also possess a sound storage facility that provide
them the capability to feed bulk demand in the shortest possible time frame.
Hallmarks
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Keeping in tune with the latest manufacturing
techniques in the related field
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Work with close coordination with their esteemed
customers
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Upgradation of machinery with the latest
techniques
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Team of experts to monitor the manufacturing
process
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Top-notch quality products manufactured
following stringent quality checks.
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.39.73 |
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1 |
Rs.81.37 |
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Euro |
1 |
Rs.56.63 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
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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45 |
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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