MIRA
INFORM REPORT
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Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
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Name : |
KARYTRON ELECTRICAL INDUSTRIES |
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Registered Office : |
206, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and service provider of electrical equipments. |
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 6000 |
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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 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 : |
206, |
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Tel. No.: |
91-11-45620856 / 45620857 / 41582666 |
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Mobile No.: |
919811147688,+919811988890,+919212736375,+919212396768 |
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Fax No.: |
91-11-45620856 / 45620858 / 41582667 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. fts. |
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Location : |
Owned |
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Factory : |
685, M I E Industrial Area, Phase- I, Delhi-Rohtak Road, Bahadurgarh,
Haryana, India |
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Area : |
450 Sq. mtrs. |
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Location : |
Owned |
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Branch: |
D-63, Ajay Enclave, |
SOLE PROPRIETOR
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Name : |
Mr. Ajay Kohli |
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Designation : |
Proprietor / Chief Executive Officer |
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Address : |
A-123, Ground Floor, Shankar Garden, Vikas Puri, New Delhi, India |
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Date of Birth/Age : |
33 years |
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Qualification : |
Graduate |
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Experience : |
10 years |
KEY EXECUTIVES
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Name : |
Mr. R.C. Kohli |
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Designation : |
Key Executive |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and service provider of electrical equipments. |
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Products : |
v
Power Control Centers v
Motor Control Centers v
Distribution Board v
Bus Ducts and Rising Mains v
Control and Relay Panel v
Control Desk and Mimic Panels v
Automatic Power Factor Correction Panels AMF and
other Generator Panels v
Electrical Panels |
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Exports : |
Subject wants to start Export |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS
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Capacity to Increase production by 40% |
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GENERAL INFORMATION
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Suppliers : |
Owned Manufacturing (Purchase raw material from open market.) |
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Customers : |
v
National Thermal Power Corporation (NTPC), Noida v
Voltas Limited, v
Motorola India Private Limited, Gurgaon / Noida v
Siemens Limited, v
J K White Cement Works, Rajasthan v
Hero Motor Limited, v
Oberoi Hotel v
Indian Railway Construction Company (IRCON) v
Indraprastha Apollo Medical Corporation Limited v
Bharat Petroleum Corporation Limited v
Haldiram Products (Private) Limited, Noida v
Air Force Insurance Society, v
v
Relaxo Footwears (Private) Limited v
Globus Agencies Limited, Gurgaon v
Sangam Cinema, v
Jai Switches, Gurgaon v
Modern Food Industries ( |
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No. of Employees : |
30 |
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Bankers : |
v
ICICI Bank Limited
Vikas Puri, v
Canara Bank
Bahadurgarh, |
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Facilities : |
- |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Anil Precession Instruments Address: A-123,
Ground Floor, Line of Business: Designing, Installation, Testing, Commissioning, Consultancy and Maintenance of Electrical Sub- Station. Sales Turnover: Rs. 4.000 millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 millions |
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Borrowed : |
- |
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Total : |
Rs. 1.500 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
Website details attached:
Safety and longevity- these are the two qualities that are required to make high precision electrical equipments. subject with an ISO 9001:2000 certification is a reputed manufacturer and service provider specializing in the manufacturing of a range of electrical equipments like Distribution Boards, Motor Control Centers, Power Control Centers, Motor Control Centers, Distribution Board, Bus Ducts and Rising Mains, Control and Relay Panel, Control Desk and Mimic Panels, Automatic Power Factor Correction Panels and Others Generator Panels. They also provide a number of services related to these products like Testing and Commissioning, Preventive Maintenance Contracts, Panels and Electrification. Their products are extremely safe and durable and are absolutely free of any kind of accidents. The products consume very little power or electricity.
The range of products and services offered by subject are
imbued with a deep sense of imparting their customers with the best, therefore
quality gains the highest prerogative. However they have been successful in
making a name for theirselves in the market not just on the basis of quality of
their products but also due to the fact that all the products are always handed
over to their customers on time. Competitive prices offered by us, give us an
edge over their competitors. As an entity evolved only to serve its customers
through their range of products and services, they make sure that all the feed
backs and suggestions that are given by their customers are properly understood
and incorporated at every stage. They follow strict and healthy trade practices
and owing to theses factors, they have been able to gain the trust and
confidence of some of well reputed organizations like Shyam Telecom, HCL Infosystem, Hindustan
Lever, etc.
Services Offered
In addition to providing their customers with their diversified range of
electrical products, subject also offers a number of services to cater to their
specific requirements. They offer the following range of services to their
customers:
- Testing and
Commissioning: They offer reliable and cost effective pre-commissioning as well
as testing of 11 KV to 220 KV Sub-Station and Calibration of Protection
Relays and Transformer and H. T. Sub Station
- Preventive
Maintenance Contract: Offering calibration of various types of
Protection Relay, Current Transformers, Potional Transformer, Power and
Distribution Transformer, Calibration of Energy Meters. Filtration of
Power and Distribution Transformers and Testing and Servicing of all type
of Breakers: H. T. and L. T.
- Panels: They are
fully equipped with in-house capability to manufacture a wide range of
Power Control Panels like power control center, motor control center, L.T.
panel, automatic power correction panel, AMF panel, control desk mimic
panel, relay control panel
- Electrification: Providing
internal and external cabling, wiring, fitting, earthing and other allied
works.
Quality Assurance
Quality is the main concern at subject and adequate measures are taken to
ensure that no compromise is made in terms of the quality of their products.
Stringent quality checking procedures are undertaken to make sure that only
superior quality products reach their customers. Their in-house checking
facility is equipped with latest testing equipments such as, Primary Injection
Test Set, Secondary Injection Test Set, Impedance Relay Test Set, Transformer
Winding Resistance Meter, Polarity tester and many more. All these equipments
are made of latest technology, thereby providing no ground for any defects in
their products. The raw materials that are used to make these products such as
Mild Sheet, M.C. Circuit Board, Capacitor, etc are of the best quality. Their
efficient team of quality control inspectors is always vigilant and makes
absolutely sure that only best quality products reach their customers. Only
when these products pass the tough quality checks that they are sent further
into the market. All the required quality checking is done in strict accordance
with national and international quality standards. Owing to superior
quality standards, they have an ISO 9001:2000 certification and also
have the Electrical Contractor License from Government of NCT.
Infrastructure
Subject prides in having a sound infrastructural set up, complete with latest,
cutting edge technology equipments and a highly resourceful workforce. All the
manufacturing and testing machines and equipments are of the most sophisticated
technology and are always in their best condition. The production unit is also
installed with latest technology and with full technical back up. Their
workforce consists of a team of highly dedicated and hardworking professionals,
who are capable of providing the best products and services. There is constant
upgradation of machinery to ensure no stoppage or wear and tear of these
machines takes place. Their state of the art warehouse is fully equipped with
all necessary facilities and is spacious enough to stock large stock of
products to meet the bulk demand. Special emphasis is given to the packaging of
products so that these products do not suffer from any defect during
transportation.
Clients
Subject, through their commitment in providing the best has managed to gather
the trust and support of a wide range of eminent and reputable clients, both in
Pre-Commissioning Testing and Preventive Maintenance of Electrical Sub–Station
as well as Supplying of Power and Control Panels and Other Allied Works.
Some of their major clients include the following:
Pre-Commissioning Testing and Preventive
Maintenance of Electrical Sub–Station:
- M/s. National
Thermal Power Corp. (NTPC), Noida
- M/s. Voltas
Limited,
- M/s. Motorola
- M/s. Siemens
Limited,
- M/s. Kajaria
Ceramics Limited
- M/s.
J.K.White Cement Works, Rajasthan
- M/s. Hero
Motor Limited ,
- M/s. Oberoi
Hotel
- M/s. Indian
Railway Construction Co. (IRCON)
- M/s. Unitech Polymers
Limited
Supplying of Power and Control Panels and Other Allied
Works:
- M/s.
Indraprastha Apollo Medical Corp. Limited.
- M/s. Bharat
Petroleum Corp. Limited
- M/s. Haldiram
Products (P) Limited, Noida
- M/s. Air
Force Insurance Society,
- M/s.
Hindustan Lever Limited.
- M/s. Relaxo
Footwears (P) Limited
- M/s. Globus
Agencies Limited, Gurgaon
- M/s. Sangam
Cinema,
- M/s. Jai
Switches, Gurgaon
- M/s. Modern
Food Industries (
Primary Competitive Advantages
v Superior Quality
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Economical Price
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Prompt Delivery
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Customer Satisfaction
Subsidiary
Anil Precision Instrument Works
Organization Setup
ADDRESS
OFFICE ADDRESS
(H.O.)
A-123, Ground Floor, Shankar
Garden, Vikas Puri, New Delhi- 110018, India
BRANCH OFFICE
D – 63, Ajay Enclave,
Works (KEI) : 685, M.I.E.,
Phase - 1,
PROPRITOR
Mr. R.C. Kohli (APIW)
Mr. Ajay Kohli (KEI)
CONTACT Nos.
TEL : 41582666, 41582667
FAX : 41582668
WORKS: 55454760,
9899500084
CELL : 9811147688, 9811902010, 9911461212
Motor Control Centre
Power Control Centre
Amf, Auto/ Manual Capacitor Panel
Feeder Piller
D.B's Etc.
EMPLOYEES STRENGTH
Engineer : 03
Commercial : 05
Marketing : 03
Worker : 22
SERVICE TAX NO. : DLI/ST/MandR/890/APIW/2004
PAN : AAPPK7076H (APIW)
TIN NO. : 06451701427 (KEI)
PAN : AMHPK2420K (KEI)
BANKER : Bank of
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Canara Bank, Bahadurgarh. (Kei)
Valuable Clients
PRE COMMISSIONING TESTING and PREVENTIVE MAINTENANCE OF ELECTRICAL SUB–
STATION
v National Thermal Power Corp. (NTPC), Noida 26.
v
Hindustan Petroleum Corp. Limited,
v
Voltas Limited,
v
Motorola
v
Siemens Limited,
v H. C. L. Info. Systems Limited, Noida
v Kajaria Ceramics Limited 29.
v J.K.White Cement Works, Rajasthan
v
Samtel India Limited,
v
Torrent Cables Limited,
v
Hero Motor Limited,
v Rathi Alloys and Steels Limited
v Oberoi Hotel 32.
v
Flex Industries Limited , Noida
SUPPLYING OF POWER and CONTROL PANELS AND OTHER ALLIED WORKS
v Indraprastha Apollo Medical Corp. Limited 24.
v Bharat Petroleum Corp. Limited
v Sperry Plast Limited. Bahadurgarh 25.
v Jai Switches, Gurgaon
v Vigro Frozen Food (P) Limited 26.
v
System Projects and Engineers,
v Deltek Engineers (Contractor) 27.
v
Jyoti Trading Corp.,
v H.M.P. Associates (Contractor) 28.
v Bijlee Construction (Contractor)
v
Dynamic Enterprises,
v
Dynamic Engineers.
v
Veecon – IPA Gastechnic Limited.,
v Trinayana Auto (P) Limited, Gurgaon
v Teslak Engineers and Consultants 31.
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. 82.54 |
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Euro |
1 |
Rs. 55.76 |
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 |
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 |
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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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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