MIRA
INFORM REPORT
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Report Date : |
31.08.2007 |
IDENTIFICATION DETAILS
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Name : |
DHIRAJ FABRICATORS |
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Registered Office : |
C – 4/22, Vashist Park, Opposite Janak Cinema, Pankha Road, New Delhi
– 110046 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1994 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and Suppliers of Stainless Steel Utensils Parts and
Kitchenwares. |
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 14000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. 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 : |
C – 4/22, Vashist Park, Opposite Janak Cinema, Pankha Road, New Delhi
– 110046, India |
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Tel. No.: |
91-11-25382436 / 32990352 / 25382813 |
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Mobile No.: |
91-9810112802 / 9818933431 |
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Fax No.: |
91-11-25382813 |
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E-Mail : |
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Website : |
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Area : |
250 sq. mtr. [Owned] |
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Factory 1 : |
C – 290, Phase – I, Mayapuri Industrial area, |
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Location : |
350 sq. mtr. [Rented] |
Due to shortage of electricity in Haryana they
wanted to shift their factory in
SOLE PROPRIETOR
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Name : |
Mr. P. N. Sharma |
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Designation : |
Proprietor |
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Date of Birth/Age : |
47 Years |
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Qualification : |
B.E. |
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Experience : |
25 Years |
KEY EXECUTIVES
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Name : |
Mr. Dhiraj Sharma |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
22 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Suppliers of Stainless Steel Utensils Parts and
Kitchenwares. |
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Products : |
·
Stainless Steel
Equipments ·
Stainless Steel
Handles ·
Flame Guards ·
Clips ·
Tongs ·
Wire Rod Handles ·
Tray Handles ·
Cooker Parts ·
Small Brackets ·
Frying Pan Handles ·
Sauce Pan Handles |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
Capacity to increase production by : 50 %
GENERAL INFORMATION
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Suppliers : |
Purchase raw material from open market |
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Customers : |
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No. of Employees : |
52 |
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Bankers : |
Corporation Bank, |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.500 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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10.000 |
9.000 |
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Profit/Loss for the year |
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12 % |
12 % |
Expected Sales (2007-08) : Rs.12.500 Millions
LOCAL AGENCY FURTHER INFORMATION
AS PER
WEBSITE
Profile
There is no denying of the fact that stainless steel is the
part and parcel of everyone's life. Right from a small needle to the sophisticated
part of a space shuttle, majority of the items contain a varying percentile of
steel. With the perfect blend of ultra modern techniques and a strong army of
trained engineers, subject has earned immense success
by delivering higher grade stainless
steel solutions at
affordable prices. The noted manufacturer, exporter and supplier
offers an unparalleled range of stainless steel equipments,
stainless steel handles, flame guards, clips, tongs, wire rod handles, etc.
As a quality driven organization, they follow stringent quality
control measures at every level of their operations to ensure an error free
production. Their sincere approach towards product innovation and client
satisfaction bears fruits for them in the form of innumerable clients spread at
every corner of the globe. With major stress being laid on after sales service,
they aim at setting new milestones while maintaining the distinctiveness of
their products.
Quality
They are keenly administered by a strict quality management program
that facilitates smooth and error free production from every stage of the
manufacturing procedure. Each concerned stage at Dhiraj Fabricators is
monitored by a team of diligent quality inspectors that hardly leaves even the
marginal possibility of quality degradation. They take great pride in
witnessing that their products have set standards for performance and
reliability all around the globe. Committed towards total client satisfaction,
they deliver their products only after taking proper trial.
Timely
Delivery
Their company owns a spacious storage facility and a wide
distribution network of dealers, that facilitates hassle free and frequent
movement of goods to the market. They are capable of feeding bulk demand in the
shortest possible time frame.
Infrastructure
Subject owns an advance manufacturing unit equipped with the
latest machines & equipments and excellent human resources to engineer
unmatched stainless steel items. Every task is completed by employing modern
techniques to ensure smooth and frequent production. They also possess an
advance testing facility to conduct various tests on their products.
Hallmarks
- Wide range of superior products under
one roof
- World class quality to cater to the
client's desirable thirst
- Stringent quality control measures to
ensure flawless production
- Goodwill in the domestic and
international markets owing to integrity, reliability, innovation and
customer focus
- Detailed attention to the valuable
feedback and suggestions of their esteemed clients
- Committed to deliver the best, leaving
no room for customer grievances.
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.40.96 |
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1 |
Rs.82.55 |
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Euro |
1 |
Rs.55.96 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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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. |
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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