MIRA
INFORM REPORT
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Report Date : |
19.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
DHANRAJ ENTERPRISES |
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Registered Office : |
E-14, Sarita Vihar, New Delhi-110076 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1993 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Self Inking Stmps, Marking Systems Numerator, Mini
Printing Inks and Machines |
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 1500 |
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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 in its field. Trade relations are fair.
Payments are usually correct and as per commitments. The concern can be considered normal for business at usual trade terms
and conditions. Nothing adverse reported. |
INFORMATION PARTED
BY
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Name : |
Mr. Dhanraj Kishore Khandal |
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Designation : |
Proprietor |
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Contact No.: |
91-9810006800 |
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Date : |
18.08.2008 |
LOCATIONS
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Registered Office/ Factory : |
E-14, Sarita Vihar, New Delhi-110076, India |
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Tel. No.: |
91-11-26943996/ 29943157 |
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Fax No.: |
91-11-41401991 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. ft (Owned) |
SOLE PROPRIETOR
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Name : |
Mr. Dhanraj Kishore Khandal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
55 Years |
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Experience : |
33 Years |
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Mobile No.: |
91-9910499114/ 9310499114/ 9810006800 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Self Inking Stamps, Marking Systems Numerator, Mini
Printing Inks and Machines |
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Products : |
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Brand Names : |
Tanvi Print |
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Agencies Held : |
Shyam Printing, Chennai, Tamilnadu, India Brand Name: PERMA STAMPS |
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Terms : |
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Selling : |
Cash ( 100% and Advance) |
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Purchasing : |
Cash and Credit ( 15 – 30 Days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
8 ( More than 90 Agents) |
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Bankers : |
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Facilities : |
The concern does not enjoy facility from its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
R K Kahttar and Company Chartered Accountant |
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Address : |
New Delhi-110029, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.300 Million |
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Borrowed : |
-- |
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Total : |
Rs. 0.300 Million |
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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4.000 |
Expected Sales (2008-09) : Rs. 10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Major Banker
are Clents
- GE Capital
- DLFLoaing
- O’Rourke
Construction India Private Limited
- India Oil
Corporation Private Limited
AS PER WEBSITE
Profile
Subject is engaged in the
business of Manual and Self Inking
stamp, Marking Systems and Numerator Systems. Established in 1993, they
have a large variety of Manual Marking
Systems to suit the exact requirement of the customers. The company has
emerged as a rising force in the field of designing, developing and marketing
innovative range of Manual and Self Inking
Stamps. All the products are designed and developed with the in-house R
and D facilities keeping in mind the diverse requirement of the clients. The
products are highly dependable and give trouble free, consistent and high
performance at very competitive prices. The products are highly rated in the
domestic market and now looking at international market
Product Range
They are in the business of the following product range:
- Manual and Self Inking stamps
- Marking Systems
- Numerator Systems
Quality
The sophisticated range of Manual and
Self Inking stamps, Marking Systems and Numerator Systems are available
in versatile designs with reliable and user friendly features. They are
well-known in the industry for the high quality products and excellent customer
support service. The quality check is performed at every level and is monitored
by professionals.
Infrastructure
They have developed a strong R and D department, well organized administration
and state-of-the-art infrastructure. The technically advanced manufacturing
unit is coupled with highly qualified engineers and technicians. They provide
customized solutions for all kinds of applications. They provide reasonable
warranty for the products so as to give the customer the assurance for quality.
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 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.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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 |
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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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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