MIRA
INFORM REPORT
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Report Date : |
18.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DIPTI TELECOM |
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Registered Office : |
2270/6/2, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2005 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKD03689A |
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PAN No.: [Permanent
Account No.] |
AUAPS6419D |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Telecommunication Equipment specially tower shelter
for communication components. |
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 8000 |
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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 small concern having satisfactory track. Trade relations
are fair. Payments are usually correct and as per commitments The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
2270/6/2 Sheetla mata Road, |
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Tel. No.: |
91-124-6457075 |
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Mobile No.: |
91-9810830855 |
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E-Mail : |
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Area : |
500 sq.mtrs |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Dipti Goyal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
26 Years |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Telecommunication Equipment specially tower shelter
for communication components. |
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Products : |
Ø
Cable Trays (Ladder and Tray Type) Ø
PVC Feeder Clamps / Hangers Ø
W.F.T Entry Plates Ø
Copper Jointing Sleeve and Insulating Covers Ø
Feeder Markers Ø
Krone Products and MDF / DDF Panels Ø
Fibre Optic Products Ø
19” Communication / Microwave Racks Ø
Electricals Control Panels / ACDB’s and DCDB’s Ø
Galvanized Ladders Ø
Antenna Mounts Ø
Miscellaneuos Items: §
Cable Ties (PVC and SS) §
SS Hose Clamps §
SS Tie Straps (PU Coated) §
Copper Lugs §
Connectors and Adaptors §
Jumper Cable Assembly §
Grounding / Earthing Bus Bars §
G.I plates, wires and strips §
Connectorised Cables §
MS/SS hardware items. |
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Exports : |
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Products : |
Telecommunication Equipments and Components |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit (60 Days), Sight. |
GENERAL INFORMATION
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Customers : |
Local Customers, End User |
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No. of Employees : |
10 |
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Bankers : |
Vijya Bank Limited Address: Gurgaon |
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Facilities : |
Credit Limit : Rs.1.500 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ø
R P Singhal and Company
Chartered Acfcountants
Address: Azadpur, |
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Associates/Subsidiaries : |
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Jyothla Industries, Gurgaon Activity:
Electronic and Rubber Goods |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.000 millions |
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Borrowed : |
--- |
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Total : |
Rs.2.000 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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10.000 |
8.500 |
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Profit/Loss for the year |
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0.300 |
0.109 |
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
An eminent company catering to the needs telecommunication industry with premium quality BTS Installation Materials and Accessories.....
In less than a decade, mobile phones have gone from being an expensive piece of
equipment used primarily by the business elite to a pervasive low-cost personal
item. In many countries today, there are mobile phones than land-line
telephones, with most adults and many children using them. Dipti Telecom, an
ISO 9001:2000 certified company, is trusted and a distinguished manufacturer,
supplier, exporter and service provider catering to wide needs of the
telecommunication industry with a comprehensive range of superior quality BTS
Installation Materials and Accessories for GSM and CDMA Towers and Shelters
like Cable Trays, PVC Feeder Clamps/Hangers, W.F.T. Entry Plates, Copper
Jointing Sleeve and Insulating Cover, Feeder Markers, etc. and many allied
products. They supply Cable Ladders/Trays (internal as well as external) and
Determined to be a key player in the telecommunication industry, they work in
close cooperation with their customers so as to design the products in
accordance with their specific requirements. Innovation is the key word for
them and they constantly modernize their products and procedures. Contemporary
technology, streamlined production process and timely delivery are some of
their specialties that have helped them create a benchmark in the industry.
They are successfully catering to a number of clients all over the world.
Subject is rated as one of the most trusted manufacturers
and exporters suppliers of superior quality BTS Installation Materials and
Accessories for GSM and
· Cable Trays (Ladder and Tray Type) including all accessories
· PVC Feeder Clamps/Hangers (All Sizes)
· W.F.T. Entry Plates
· Copper Jointing Sleeve and Insulating Covers
· Feeder Markers
· Krone Products and MDF/DDF Panels
· Fiber Optic Products
· 19" Communication/Microwave Racks
· Electrical Control Panels/ACDB's and DCDB's
· Galvanized Ladders
· Antenna Mounts
· Miscellaneous Items:
- Cable Ties (PVC and SS)
- SS Hose Clamps
- SS Tie Straps (PU Coated)
- Copper Lugs
- Connectors and Adaptors
- Jumper Cable Assembly
- Grounding/Earthimg Bus Bars
- G.I. plates, wires and strips
- Connectorised Cables
- MS/SS hardware items.
Quality Assurance
Subject is a quality conscious company and therefore, they adopt total quality management to ensure that the products are flawless. The raw materials used are sourced from the reliable vendors. They strictly adhere to international quality norms in order to ensure that their esteemed customers get products of globally acceptable quality. Their quality checking processes is backed by a team of qualified quality controllers who have extensive experience and knowledge in this discipline. The superior quality of their products is the trademark of their organization.
Infrastructure
Dipti Telecom's sophisticated infrastructure is the powerhouse of
professionalism and technology. Their workforce comprises of technically sound
and skilled professionals. With strong logistics support and wide distribution
network, they strive to deliver the products on time to their valued customers.
The Research and Development division consistently works to add a blend of
innovation and uniqueness to their existing range of products.
Clients
Owing to their highly dedicated efforts in serving the best, they have been successful in generating a huge client base in the market. Some of their major clients include:
· Bharti Mobile Limited.,
· Bharti Tele Ventures Limited.,
· Nutek (I) Private. Limited
· Idea Cellular Limited.,
· Ericsson
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Nokia
· Alcatel India Limited,
·
Hutchisson Essar Mobile Services(
· Aircel Digilink India Limited
·
Tata Tele services Limited (
· Bharat Sanchar Nigam Limited. (BSNL)
TRADE REFERENCE:
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Mokia India Limited
·
Sonny Erricson India Limited
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.40.59 |
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1 |
Rs.80.74 |
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Euro |
1 |
Rs.56.15 |
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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