MIRA
INFORM REPORT
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Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
DHIRAJ AUTO INDIA |
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Registered Office : |
B -34, Chabi Ganj, Vardan House, Kashmeri Gate, Delhi –
110 006, |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1984 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer of Dash Board Cover, Carpet/Velvet, PVC Matting
, Fiber Mud Flap, Fiber Side Beading, Fiber Rubber Mat, Light Weight Foot Mat, Staring Cover
Stich, Carpet Foot Mattiy (Proper Valvet) any vehicle as per requirement |
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 : |
USD 600 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be a small and unknown concern. No payment records
are known. The concern can be considered for small business dealings on safe and
secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
B -34, Chabi Ganj, Vardan House, Kashmeri Gate, Delhi –
110 006 |
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Tel. No.: |
91-11-64568090 / 41466364 |
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Mobile No.: |
91-9811013612 |
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Fax No.: |
91-11-41466364 |
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E-Mail : |
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Website : |
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Area : |
200 sq.fts |
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Location : |
Owned |
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Factory: |
A - 101/ 2, Vazirpur Industrial Area, New Delhi – 110 052 |
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Area : |
200 sq.mtrs |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Asharam Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
62 years |
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Qualification : |
Under graduate |
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Name : |
Mr. Sudhir Goel |
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Designation : |
Partner |
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Date of Birth/Age : |
Under graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Dash Board Cover, Carpet/Velvet, PVC
Matting , Fiber Mud Flap, Fiber Side Beading, Fiber Rubber Mat, Light Weight Foot Mat, Staring Cover
Stich, Carpet Foot Mattiy (Proper Valvet) any vehicle as per requirement |
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Products: |
·
Dash Board Cover, Carpet/Velvet ·
PVC Matting ·
Fiber Mud Flap ·
Fiber Side Beading ·
Fiber Rubber Mat ·
Light Theyight Foot Mat
·
Staring Cover Stich ·
Carpet Foot Mattiy (Proper Valvet) any vehicle as per
requirement |
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Brand Names : |
Expert Type – R |
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Terms : |
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Selling : |
Cash, Credit (10 -15 days) |
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Purchasing : |
Cash, Credit (10 -15 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
22 |
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Bankers : |
Punjab National Bank Address: Shalimar Baugh Branch |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Shivanand Gupta and Company Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.150 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.150 million |
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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1.500 |
1.000 |
Expected Sales (2007-08) : Rs. 2.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE:
· Arihant Auto Agency
· Aiota Car Accessories
WEBSITE DETAILS:
One stop
destination for all kinds of car accessories....
Subject has been
catering to the automobile since 1985. They truly understand the requirements
of the automobile industry, especially car accessories. They are a leading
of wide range of their growth since inception can be attributed to one simple,
yet important aspect of their business philosophy I.e. "Putting Customer
First". While managing growth, they have maintained their commitment to
provide quality products at a reasonable price and have made every effort to
meet changes in the customer needs.
The ultimate goal
of their export activities worldwide is to satisfy their customers so that they
will continue to come back for more Dhiraj Auto India quality products. That's
why they put heartfelt effort into their services, responding to changing
values and increasingly sophisticated needs of this most dynamic industry.
Product Range
Subject is an eminent manufacturer and exporter of the following range of car
accessories:
·
Dash Board Cover, Carpet/Velvet
·
PVC Matting
·
Fiber Mud Flap
·
Fiber Side Beading
·
Fiber Rubber Mat
·
Light Theyight Foot Mat
·
Staring Cover Stich
·
Carpet Foot Mattiy (Proper Valvet) any vehicle as per
requirement
Quality Assurance
Subject is fully committed to
provide quality products that meet or exceed customers’ expectations. This is achieved
by focused execution supported by sound quality control processes and systems
in line with international standards and methodologies. They procure the raw
materials from reliable vendors. Technicians themselves inspect the quality of
work. Supervisors educate and instruct technicians to continually improve
productivity and quality. Maintaining a global viewpoint, they are dedicated to
supplying products of the highest quality at a reasonable price for worldwide
customer satisfaction. They have an unshakable commitment to product
excellence, expressed through beautiful car accessories.
Infrastructure
Their global success has been
possible due to quality products, which is made possible by the passion and
dedication of the company staff. The R and D team focuses on the development of
new products and technologies that include interior and exterior car
accessories in line with evolving customer preferences across the globe. The
fully integrated state-of-the-art manufacturing plant in Delhi boasts of some
of the most advanced production, quality and testing capabilities in the
country. The production management processes at the two units are in line with
international standards that help them in making the world's best car
accessories.
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 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] 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.39.40 |
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UK Pound |
1 |
Rs.81.12 |
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Euro |
1 |
Rs.56.69 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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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 |
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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23 |
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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