MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJCO SCIENTIFIC AND ENGINEERING PRODUCTS |
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Registered Office : |
15/17, 1st Floor, Ashok Nagar, New Delhi – 110018 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1977 |
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IEC No.: |
0502071052 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
07730053275 |
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PAN No.: [Permanent
Account No.] |
AOCPS9699M |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Material Testing Equipment. |
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 12500 |
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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 concern having satisfactory track. 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. P. K. Sethi |
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Designation : |
Proprietor |
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Date : |
31.07.2008 |
LOCATIONS
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Registered Office : |
15/17, 1st Floor, Ashok Nagar, New Delhi – 110018, Delhi,
India |
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Tel. No.: |
91-11-25130328 / 25595857 / 25529384 |
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Mobile No.: |
91-9810293322 |
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Fax No.: |
91-11-25130329 / 25529384 |
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E-Mail : |
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Website : |
www.rajcoscientific.com |
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Location : |
Owned |
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Office and Showroom : |
WZ-3, 3rd Floor, Meenakshi Garden, (Near Subhash Nagar
Metro Pillar No. 471), New Delhi – 110018, India |
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Tel. No.: |
91-11-25130329 / 25130328 |
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Fax No.: |
91-11-25130329 / 25529384 |
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E-Mail : |
rajco1@vsnl.com |
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Area : |
900 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. P. K. Sethi |
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Designation : |
Proprietor |
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Address : |
A-283, Vikas Puri, New Delhi, India |
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Date of Birth/Age : |
48 years |
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Qualification : |
B. Tech (Mechanical) |
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Experience : |
22 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Material Testing Equipment |
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Products : |
·
Marshall
Stability and Compaction ASTM ·
Aggregate
Impact Tester With Automatic Blow Counter ·
Devel
Abrasion Testing Apparatus ·
Dorry
Abrasion Testing Machine ·
Los Angles
Abrasion Testing Machine ·
Sieve
Shaker ROTAP Motorised ·
Torsion
Testing Machine for Wire Elect-Operated ·
Torsion
Testing Machine (Graph Type) ·
Pendulam
Impact Testing Machine ·
Blain Air
Permeability Apparatus ·
Compression
Testing Machine Hand Operated ·
Compression
Testing Machine Electrically Operated ·
Flexural
Testing Machine (Hand Operated) ·
Core
Drilling Machine Without Cutter Electrically Operated ·
Core
Drilling Machine Petrol-cum Kerosene Engine |
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Exports : |
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Countries : |
Middle East, Nepal and Bangladesh |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
Builders and Contractors |
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No. of Employees : |
20 |
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Bankers : |
State Bank of Bikaner and Jaipur, Naraina Industrial Area, New Delhi,
India |
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Facilities : |
Rs. 2.000 Millions |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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30.000 |
25.000 |
Expected Sales (2008-09) : Rs. 40.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
RAJCO SCIENTIFIC AND ENGINEERING PRODUCTS |
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Address |
15/17, 1st Floor, Ashok Nagar, New Delhi – 110018, Delhi,
India |
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2nd Address |
WZ-3, 3rd Floor, Meenakshi Garden, (Near Subhash Nagar
Metro Pillar No. 471), New Delhi – 110018, India |
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Statutory Approvals |
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Legal Status of Firm |
Sole Proprietory Concern |
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Income Tax Registration |
AOCPS9699M |
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VAT/ TIN Registration |
07730053275 |
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Import Export Code |
0502071052 |
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Name of Bank |
State Bank of Bikaner and Jaipur, Naraina Industrial Area, New Delhi |
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Credibility Factors |
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IndiaMART Client Since |
2004 |
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Years of Establishment |
1977 |
Profile:-
Leaders in designing, manufacturing and
exporting material testing equipment around the globe, subject meet the needs of materials engineers,
quality managers and those engaged in research and development. Their testing
instruments find their application in several critical applications and are
used to determine various mechanical and physical properties of raw materials
as well as finished components.
They had a modest start but with their pursuance, dedication and industry
intelligence, they are today amongst the best corporates in the material
testing industry. Their strict adherence to quality and understanding of
customer's changing requirements has made it possible for them to achieve a
proud position in the global market.
They have specialist engineers and technologists who are actively involved in
the development of new test methods and hence develop more user friendly,
reliable and industry specific instruments. Their team not only has vast
technical knowledge but also worldwide experience in customer relationship.
They work closely with their customers to provide solutions to their testing
needs for metals, soil, cement, concrete, bitumen, tar, fuel, rubber, leather
etc. Currently, their clientèle is spread across Middle East , Nepal and
Bangladesh. But their products, manufactured as per the relevant international
standards, are rapidly establishing their position in other international
markets as well.
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] 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.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 |
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 |
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 |
YES |
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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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46 |
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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