MIRA
INFORM REPORT
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Report Date : |
05.09.2007 |
IDENTIFICATION DETAILS
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Name : |
CALDRON GRAPHICS |
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Registered Office : |
RZ – 34, Street No. – 11, Tughlakabad Extn., Kalkaji, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business : |
All type of solution for effective outdoor display. The company
creates unique exhibition stalls. |
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 50000 |
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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 experience and respectable businessman. 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 : |
RZ – 34, Street No. – 11, Tughlakabad Extn., Kalkaji, |
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Tel. No.: |
91-11-51598582 |
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Mobile No.: |
91-9810005833 / 9810357591 / 9310505833 |
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Fax No.: |
91-11-26076450 |
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E-Mail : |
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Website : |
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Area : |
1200 Sq. ft. |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr. Rajat Mitra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
37 Years |
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Qualification : |
MBA |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
All type of solution for effective outdoor display. The company
creates unique exhibition stalls. |
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Products : |
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Brand Names : |
Caldron |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash & Credit |
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Purchasing : |
LC, Cash & Credit |
GENERAL INFORMATION
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Suppliers : |
Dynamic Hong Kong Limited (Own Manufacturing in Fei Yueng - |
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Customers : |
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No. of Employees : |
80 |
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Bankers : |
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Facilities : |
5.000 Millions Over Draft United Bank of |
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Banking
Relations : |
Good |
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Associates : |
CALDRON IMPEX
PRIVATE LIMITED |
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CIN No.: U51909DL2003PTC121446 |
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Registered On :23.07.2003 |
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DYNAMIC HONG
KONG LIMITED |
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Address : D- 1, 16th Florr, |
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Line of Business : Manufacturing of Printing Machine, Ink and Ribbons |
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Brand :
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Sales Turn Over : Rs. 480 Millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.18.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.18.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
190.000 |
90.000 |
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Profit/Loss for the year |
12 % |
12 % |
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Expected Sales (2007-08) : Rs.225.000 Millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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12.619 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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12.619 |
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LOAN FUNDS |
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1] Secured Loans |
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18.714 |
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2] Unsecured Loans |
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3.428 |
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TOTAL BORROWING |
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22.142 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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34.761 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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17.466 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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9.273 |
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Sundry Debtors |
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26.832 |
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Cash & Bank Balances |
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0.936 |
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Other Current Assets |
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6.390 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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43.431 |
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Less : |
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Current Liabilities & Provisions |
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26.136 |
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Total
Current Liabilities |
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26.136 |
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Net Current Assets |
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17.295 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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34.761 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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89.002 |
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Other Income |
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0.245 |
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Total Income |
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89.247 |
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Net Profit |
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10.815 |
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Expenditures : |
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Cost of Goods Sold |
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0.000 |
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Manufacturing Expenses |
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0.000 |
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Administrative Expenses |
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0.000 |
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Raw Material Consumed |
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0.000 |
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Purchases made for re-sale |
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48.418 |
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Consumption of stores and spares parts |
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0.000 |
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Increase/(Decrease) in Finished Goods |
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0.000 |
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Salaries, Wages, Bonus, etc. |
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1.952 |
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Managerial Remuneration |
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0.000 |
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Payment to Auditors |
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0.000 |
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Interest |
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0.000 |
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Insurance Expenses |
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0.000 |
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Power & Fuel |
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0.000 |
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Depreciation & Amortization |
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1.040 |
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Other Expenditure |
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0.000 |
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Total Expenditure |
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47.114 |
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98.524 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total Income |
(%) |
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12.11 |
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Net Profit Margin (PBT/Sales) |
(%) |
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12.15 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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17.75 |
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Return on Investment (ROI) (PBT/Networth) |
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0.85 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.82 |
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Current Ratio (Current Asset/Current Liability) |
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1.66 |
LOCAL AGENCY FURTHER INFORMATION
Purchase During 01.04.2006 to 31.03.2007
Mumbai Rs.9.800 Millions
Manesar Rs.17.887
Millions
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Total Rs.125.689 Millions
Sales Made During 01.04.2006 to 31.03.2007
Mumbai Rs.19.845 Millions
Manesar Rs.18.187 Millions
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Total Rs.190.026
Millions
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.40.85 |
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1 |
Rs.55.76 |
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Euro |
1 |
Rs.82.54 |
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 |
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 |
YES |
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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. |
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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