MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
JONNY ENTERPRISES |
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Registered Office : |
511-A/5A, Maa Anand Mai Marg, Govindpuri, Kalkaji, New Delhi – 110 019 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Rental and Sales Services of Generators. |
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 15000 |
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Status : |
Good |
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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 correct and as per commitments. The concern can be considered good for normal business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Tara Singh |
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Designation : |
Proprietor |
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Date : |
12.08.2008 |
LOCATIONS
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Registered Office : |
511-A/5A, Maa Anand Mai Marg, Govindpuri, Kalkaji, New Delhi – 110
019, India |
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Tel. No.: |
91-11-26226281 / 26226282 |
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Mobile No.: |
91-9811146928 / 9811146927 |
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Fax No.: |
91-11-26295174 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. ft. |
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Branch Office : |
E-40/2, Okhla Industrial Area, Phase – 2, New Delhi – 110 020, India |
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Tel. No.: |
91-11-26226281 / 26226282 |
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Tele Fax No.: |
91-11-26295174 |
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Mobile No.: |
91-9811146927 / 9811146928 |
SOLE PROPRIETOR
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Name : |
Mr. Tara Singh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
55 Years |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Rental and Sales Services of Generators. |
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Products : |
·
Generators ·
Diesel Engines ·
Alternators ·
Super Silent Gensets ·
Diesel Pumps Services ·
Sale and rental services of a variety of generator sets ·
Repair and maintenance of gensets. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Own setup |
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Customers : |
·
MNC ·
Wadding Planner ·
Farm House Owners etc. |
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No. of Employees : |
25 |
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Bankers : |
HDFC Bank Limited Alaknanda, Kalkaji, New Delhi – 110 019, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.3.000 millions |
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Borrowed : |
- |
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Total : |
Rs.3.000 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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Rent and Service Charges |
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5.000 |
4.500 |
Expected Sales (2008-09) : Rs.7.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Web Details
A name synonymous with quality, reliability and perfection, they
introduce themselves as a leading name in the field of providing alternate Power
Generation solutions. They offer rental and sales services of renowned brands
of generators, diesel engines, alternators and D.G. Sets in India. Established
nearly a decade ago, they have gained heights of success owing to the vast
selection of generators and other alternate power equipment for various
industrial applications with requirements for sets in low, medium and high
voltages.
The specialized services are supported by dedicated customer support and
product assistance/troubleshooting. They have a ready team of mechanics to
offer round-the-clock services for installation, maintenance, upgradation, etc.
They have a vast sales network covering the entire northern India, southern
India and the power starved areas of the north-east India. They have also
exported power producing equipment to Delhi.
Assured Quality
They offer the best in quality employing the most advanced technology
and a talented human capital. They bring an exhaustive variety of branded
generators that are a specimen of excellent engineering and assured
performance. In addition, they offer excellent post sales repairing and
maintenance services. They have consistently upgraded the services and
technological capabilities competing with the best in the world. The services
are assured of superior quality and have been fabricated for complete customer
satisfaction.
World-Class Services
They offer field services, installation, maintenance and repairs for the
clients and a range of on spot repairs for generators, engines and power units.
They have genuine parts and the right expertise to repair various power
systems. These services are available at the most competitive prices. They can
perform and meet tough deadlines without any loss of quality. They offer a
dedicated on site product support service. The tie ups with renowned genset
manufacturers enable them to offer latest generator models that address the
requirement of the contemporary organization.
Total Service Support
They believe in offering reliable and efficient post sales maintenance,
repair as well as troubleshooting services that ensures smooth functioning of
the gensets for years. They are empowered by a team of well qualified service
engineers and mechanics. They are ever ready with required tools and equipment
to provide round-the-clock to our clients at their premises.
Servies
Generator Rental Services
They offer a wide range of branded gensets to suit the needs and
requirements of small to big enterprises. They can offer gensets of Sound
Proof of 40 Kva to 500 Kva . For rental purpose exclusively, the dealing
concern is Allied Genset Hiring Company
Advantages offered by the Gensets and Services
They offer following advantages:
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Guaranteed availability
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Immediate delivery
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Quality power
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Superior fuel consumption
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Total service support
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.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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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 |
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 |
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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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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