MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MRIDEEP CONSULTANTS AND AGENTS |
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Registered Office : |
Pocket - C , Flat No. 90/A , Siddhartha
Extension, New Delhi – 110 014 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1994 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Representer and Provider of Technical Consultancy in the field of metallising of Plastic Films, Flexible Packaging, Vaccum Web Metalliser. |
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 10000 |
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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 marketing agents. 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. |
INFORMATION PARTED
BY
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Name : |
Mr. Kuldeep Rajbanshi |
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Designation : |
Proprietor cum President |
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Date : |
08.08.2008 |
LOCATIONS
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Registered Office : |
Pocket - C , Flat No. 90/A ,
Siddhartha Extension, New Delhi – 110 014, India |
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Tel. No.: |
91-11-2634 3953 / 2634 3793 |
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Fax No.: |
91-11-2634 3953 / 2634 7952 / 26347953 |
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E-Mail : |
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Website : |
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Area : |
800 Sq.fts |
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Location : |
Owned |
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Warehouse: |
Shop No. 1-777, Chaudhary
Raughbir Sing Bhawan, Madanpur Khadra Faridabad , New Delhi , India |
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Area : |
500 Sq.fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Kuldeepak Rajbanshi |
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Designation : |
Proprietor cum President |
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Date of Birth/Age : |
57 years |
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Qualification : |
B. Tech. (Honors) Electronics and Communication |
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Experience : |
26 years |
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Previous Employment |
Wilwayfort India Limited, New Delhi, India |
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Profiles :- |
He is widely travelled in India, Europe, America and Far-east for first hand study of Materials, Machinery and Technology in the field of Vacuum Web-metallising of Plastic Films for Packaging Industry and Capacitor industry. He has attended two Study-course in USA for metallising of Plastic Films. Visited all the leading European Vacuum web-metallisers, Film Production Lines and Plastic Film Capacitor factories in India, Korea and Europe. |
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Passport No. |
Z038789 |
BUSINESS DETAILS
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Line of Business : |
Representer and Provider of Technical Consultancy in the field of metallising of Plastic Films, Flexible Packaging, Vaccum Web Metalliser. |
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Agencies Held : |
˜ Elcoma Company Limited, Seoul, Korea ˜ Tape Solutions, Inchoen, Korea ˜ Camattinni, Italy ˜ Hyosung Corporation, Film Division, Seoul, Korea ˜ Rand Poly Products Private Limited, Pune, Maharashtra, India |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China, Korea, Spain, Italy, Japan, Thailand, Singapore, Poland,
Germany, USA |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
Credit (30-60 days), Advance / Sight |
GENERAL
INFORMATION
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Suppliers : |
˜ Elcoma Company Limited, Seoul, Korea ˜ Tape Solutions, Inchoen, Korea ˜ Ogura Clutch Company Limited, Japan ˜ Camattinni, Italy ˜ Hyosung Corporation, Film Division, Seoul, Korea ˜ Rand Poly Products Private Limited, Pune, Maharashtra, India |
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Customers : |
OEM’s, Manufacturers and Wholesalers. ˜ Globe Capacitors Limited, NIT, Faridabad, Haryana ˜ Wilway Fort India Limited, Bhiwadi, Rajasthan ˜ LML Limited, Electronic Division, Kanpur, Uttar Pradesh |
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No. of Employees : |
7 |
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Bankers : |
· Canara Bank, Maharani Nagar · ABN Amro Bank N. V. Hansalaya, 15, Barakhamba Road, New Delhi – 110 001, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. R Tayal and Associates Chartered Accountants |
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Tel. No.: |
91-11-26348044 |
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Collaborators : |
˜ ASEA, Belgium ˜ Metal Vuoto Films, Italy |
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Associates/Subsidiaries : |
Mirdeep Impex Private Limited Address : C -90 A , Sidhartha
Extension, New Delhi – 110 014, India |
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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31.03.2008 |
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Sales Turnover |
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- For Agents |
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5.000 |
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- For Trading |
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2.000 Millions
US Dollar |
Expected Sales
(2008 - 09):
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For Agents Rs. 6.000 millions
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For Trading Rs. 2.500 millions US Dollar
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:-
·
Epcos India
Limited, Nasik
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Globe Capacitors Limited, Faridabad
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Tabreywala Electronic Limited, Hyderabad
OTHER DETAILS:-
The Company Imports from the following companies:-
˜ Ogura Clutch Company Limited, Japan
˜ Elcoma Company Limited, Seoul, Korea
˜ Hyosung Corporation – Film Division, Seoul, Korea
˜ Rand Poly Products Private Limited, Pune, Maharashtra
Website detAIL:-
The concern was promoted in
1994 by a technocrat, highly qualified and internationally experienced in
Manufacturing and International Trade.
Subject provides the
following:
·
Consultancy in
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Plastic Film Capacitor Manufacturing.
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Vacuum Web Coating for Decoration, Flexible Packaging, Technical and
Functional
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and Plastic Films for Capacitors applications.
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Solutions for
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Techno-Commercial improvement in Man Management, Manufacturing,
Processes
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and Materials.
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Trading in
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Plastic Film Capacitors.
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Aluminum Wire for Vacuum Metallizing.
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Silicone Oils for Vacuum Diffusion Pumps.
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Hexagonal Boron Nitride - Powders and Pastes.
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Graphite Emulsions.
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Graphite Tape for Thermo-Electrical Management.
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Vacuum Packing Machines.
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UL approved Resettable Thermal Cut-offs and Fusible Thermal Cut-offs.
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Siliconized Polyester Film.
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Glitter Powder Machines.
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Agencies for Indian Market for
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Vacuum Web Coaters for Packaging and plastic Film Capacitors.
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Slitting Machines for the above.
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Complete Plant and Machinery including Process know-how for Plastic Film
Capacitors.
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Ferrous and Non-Ferrous Wire Drawing Equipment.
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Specialized Resistance Welding Machines.
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Automatic Meter + Mix + Dispensing Machines for almost all applications.
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BOPP Film for Plastic Film Capacitors.
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Entire range of Raw Materials and Consumables for Plastic Film
Capacitors.
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Arc Metal Spray Machines.
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Dust Collectors.
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Epoxy, Polyurethanes, Silicones, etc. for Electrical Casting,
Encapsulation, Potting and
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Gaskets, Sealing Compounds, Floor Coatings, Corrosion Protection and
various Industrial Coatings.
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Manufacturing of
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Custom made Machines such as:
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Semi-Automatic and Automatic Soldering Machines for Component
Manufacturing.
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Conveyer ovens and Conveyer lines.
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Compressed Air operated Vacuum Systems.
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Arc Metal Spray Systems.
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Automatic Meter + Mix + Dispensing Systems for Abrasive Fillers.
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Specialized 2-Component Polyurethane and Epoxy Resin Systems.
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Boron Nitride Pastes for Vacuum Coating Industry.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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] 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.42.20 |
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UK Pound |
1 |
Rs.81.48 |
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Euro |
1 |
Rs.64.27 |
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 |
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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47 |
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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