MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DATA LINK INDUSTRIAL CORPORATION |
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Registered Office : |
B – 700, Bunkar Colony, Ashok Vihar, Phase –IV, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1990 |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business : |
Manufacturing of DMP Ribbons, Printer Cartridges and Computer
Accessories. |
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 72000 |
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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 : |
B – 700, Bunker Colony, Ashok Vihar, Phase –IV, |
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Tel. No.: |
91-11-32421061 – 65 |
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Mobile No.: |
91-11-2730-1063 |
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Fax No.: |
91-93500-42102 / 2730-1063 |
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E-Mail : |
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Website : |
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Area : |
1200 sq.fts (3rd Floor) |
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Location : |
Owned |
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Factory: |
74, Gondur Industrial Area, paonta Saheb, District : Sirmaur, |
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Tel. No.: |
91-1704-225 717, 93186-84903, 9318-722 - 333 |
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Area : |
20000 sq. fts |
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Location : |
Owned |
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Branch Office 1 : |
Shri Balaji Computers, No. 27, Ground floor, |
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Tel. No.: |
91-9385-333-888 |
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Branch Office 2 : |
2646, Roshanpura Nai Sarak, |
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Tel. No.: |
91-9868-2284-94 |
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Branch Office 3 : |
Datalink Industrial Corporation, 27/C, Chandrapuri, |
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Tel. No.: |
91-93133-733-83 |
SOLE PROPRIETOR
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Name : |
Mr. Pramod Rajpal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Graduate |
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Experience : |
22 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of DMP Ribbons, Printer Cartridges and Computer
Accessories |
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Products : |
·
Ribbons ·
Compatible Inkjet Cartridges ·
Cartridges from Laser Printers (Remanufactured) ·
Refills ·
Refill Kits for Epson / Canon/ HP Inkjet Printers ·
Bulk Ink for Epson / Canon/ HP Printers ·
Laser Toner Powder ·
Computer Accessories |
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Brand Names : |
“ProDot” |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS
Capacity to increase production by 35%
GENERAL INFORMATION
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Suppliers : |
Own Manufacturing Cassette Import from TURBON INTRERNATIONAL – Ink Import from IMAGE SPECIALITIES – Ink Import from Daihan - |
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Customers : |
o
ABN Amro o
Air o
Air o
o
All India Institute of Medical Sciences o
o
Apparel Export Promotion Council o
Aptech o
Ashok Leyland o
Ashoka Hotel o
Associated Chamber of Commerce & Industry of o
o
Bharat Heavy Electricals Limited o
Bharat Petroleum o
Britania Industries Limited o
Central Board of Secondary Education o
o
o
Delhi Transport Corporation o
Dr. Lal Pathology Lab o
Dr. Ram Manohar Lohia Hospital o
Escorts Limited o
Export Import Bank of o
Food Corporation of o
GIC o
Grindlays Bank o
HCL Technologies o
HDFC Bank Limited. o
Hero Motors o
o
o
Hong Kong Bank o
Indian Airlines o
Indian Drugs and Pharmaceuticals Limited o
Indian Institute of Technology o
Indian Oil Corporation o
Indira Gandhi Open University o
Industrial Development Bank of o
o
o
LG Electronics India Limited. o
Life Insurance Corporation of o
Livinig Media India Limited. o
Mahanagar Telephone Nigam Limited. o
Maruti Udyog Limited o
Metals and Minerals Trading Corporation o
Microtek International Limited o
o
Municipal Corporation of o
National Scientific Council of Education
Agriculture Research Institute o
National Thermal Power Corporation o
Nav Bharat Times o
Network Limited o
o
New India Assurance Limited o
NIIT o
Oil and Natural Gas Commission o
Press Trust of o
o
Punjab National Bank o
Railways o
Ranbaxy o
Rashtrapati Bhawan o
Reserve Bank of o
Samsung India Electronics Limited o
o
Small Industries Development Bank of o
SONY India Limited o
Sports Authority of o
Standard Chartered o
State Bank of o
Steel Authority of o
Supreme Court o
Times of o
Trade Fair Authority of o
Unit Trust of o
United News of o
Videsh Sanchar Nigam Limited o
Voltas Limited o
Whirlpool of India Limited |
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No. of Employees : |
400 |
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Bankers : |
·
HDFC Bank Limited
Address: Ashok Vihar, ·
Oriental Bank of Commerce
Address: Ashok Vihar, |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Rajpal Enterprises Address: E-169, Phase – 1, Ashok Vihar, |
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 |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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200.000 |
180.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2007-08) : Rs. 250.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
Subject a fast
growing dynamic ISO 9001:2000
certified organization onto manufacturing of DMP Ribbons,
Printer Cartridges and Computer Accessories under their registered brand name ProDot. They have a well-equipped manufacturing
base with strict QC staff in Himachal
Pradesh, a Special Economy Zone, measuring about 20,000 sq ft. and a
Corporate Office with 5 Ware Houses at distant locations in
Their product range is as follows:
·
Ribbons, Refills for Dot Matrix/Line Printers of more than
150 types.
·
Compatible Cartridges for HP, Epson, Canon inkjet
printers.
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Compatible Cartridges for HP/Samsung LaserJet Printers.
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Computer Accessories e.g. Anti-glare Screens, Data
Binders, Printer Stands, CPU Trolley etc
·
Laser Toner Powder for HP/Samsung/Epson laser printer
cartridges.
Subject is a
well-channeled group throughout
Subject continuously
strives for innovative and leading products that enable it to gain enviable
reputation in the industry. The desire to succeed with deep-rooted principles
has propelled us to grow multifarious. They are committed to satisfy their
customer's needs. They achieve this by supplying extensive range of high
performance products with superior quality, services, delivery and competitive
prices.
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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.40.50 |
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1 |
Rs.81.72 |
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Euro |
1 |
Rs.56.09 |
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 |
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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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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