MIRA
INFORM REPORT
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Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
FAIR DEAL ENGINEERS |
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Registered Office : |
66, Ram Sarup Colony, Mujessar, Near Sector-24, Farudabad-121005,
Haryana |
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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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PAN No.: [Permanent
Account No.] |
ACSPA9628E |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Set Printing Machinery. |
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 5300 |
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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 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. Ankush Ahuja |
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Designation : |
Senior Executive |
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Contact No.: |
91-9810240240 |
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Date : |
25.08.2008 |
LOCATIONS
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Registered Office : |
66, Ram Sarup Colony, Mujessar, Near Sector-24, Farudabad-121005,
Haryana, India |
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Tel. No.: |
91-129-4100234/ 4023234/ 2237143 |
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Mobile No.: |
91-9810608509/ 9810240240 |
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Fax No.: |
91-129-4023567 |
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E-Mail : |
liyo@faurorubtindia.com ,
info@fairprintindia.com , exports@fairprintindia.com |
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Website : |
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Area : |
200 sq.ft (Owned) |
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Factory : |
Baddi, Nalagrah Highway, Nalgarh 9 km Milestorne Kishanpura, District
Solan-174101, Himachal Pradesh, India |
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Area : |
3000 sq.ft ( Owned) |
SOLE PROPRIETOR
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Name : |
Mr. Rajesh Arora |
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Designation : |
Proprietor |
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Date of Birth/Age : |
41 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
KEY EXECUTIVES
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Name : |
Mr. Ankush Ahuja |
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Designation : |
Senior Executive |
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Mobile No. : |
91-9810240240 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Set Printing Machinery. |
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Products: |
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Exports : |
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Products : |
Off set Printing Machinery |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and T.T |
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Purchasing : |
Cash, Credit ( 30 Days) and T.T |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
20 ( Office 4, Factory 16) |
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Bankers : |
State Bank Hyderabad, Neelambata |
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Facilities : |
The concern do not enjoy facilities from its bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Manai Gupta Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.060 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 1.060 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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40.000 |
Expected Sales (2008-09) : Rs. 45.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Square
Graphic, Faridabad
- RC Printers,
Gurgaon
- Nagar
Printing Press, Kota, Rajasthan
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Existence Verification |
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Name |
FAIR DEAL ENGINEERS |
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Statutory Approvals |
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Income Tax Registration |
ACSPA9628E |
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Central Sales Tax Registration |
FBDIHGST/ 1312840 |
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VAT/ TIN Registration |
06901312840 |
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Import Export Code |
0502073586 |
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Name of Bank |
State Bank of Hyderabad |
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Current Account Number |
52005550792 |
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Account Since |
2007 |
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Credibility Factors |
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IndiaMART Client Since |
2006 |
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Years of Establishment |
1994 |
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Turn Over |
07-08 ( Rs. 40.000 Millions) |
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Turn Over Year |
08-09 (Rs. 45.000 Millions) |
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Standards & Certifications |
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Quality Management Systems |
ISO – 9001 - 2000 |
AS PER WEBSITE
Profile
With Established Business since 1978 as ancillary of various
refrigerator and automotive companies; ARORA’s entered into printing industry
in the the year 1995 with Fairprint brand. To begin with, Fairprint launched
the SheetFed Offset Printing Machine in various sizes.
In the year 1998, FairPrint added the New Differentiated model of MINI
OFFSET while breaking the orthodoxies of the technological concept of that time
and rapidly acquired the Leadership position in the segment by delivering best performance
and value for money.
The recent launches of Web Offset and Polythene printing Sheet Fed
Offset were the major attraction of the customers during PRINTPACK’05.
Wealth of Fairprint lies in their passionate, knowledgeable and skilled people
equipped with various modern tools for problem solving and bringing the
innovative solutions to deliver continuous changing needs of the customers.
Being visionary and strategic organisation; they believe in growing together
with the customers and establishing benchmark by providing WINNING GROWTH
ENGINE for the printing industry
The needs of the Newspaper Industry for a Printing Machine with Higher
Levels of Automation and very low requirement of maintenance is answered by
FAIRPRINT. Today, FAIR PRINT is ready to take on new challenges with firm
dedication and confidence.
They at FAIRPRINT will continue to lend the support to the Customers,
Dealers and Distributors towards serving the needs of the newspaper and
printing industry. The synchronized infrastructure and steadfast commitment to
reliable performance, prompt delivery and after sales service extend beyond
physical boundaries, providing global access to FAIR DEAL ENGINEERS.
They are manufacturer/exporters/traders of printing machines and
printing presses including web offset, Web Offset Presses, newspaper printing
machines, web offset printing machines, offset printing press, Sheetfed offset
and Mini Offset printing machines.
They have the dealers and trade partners for offset printing machines,
offset printing presses and printing machinery from various Asian, European,
American, African and Middle East countries.
Introduction:
Smart Modular Design of Web
Offset provides various options for newspaper printing, book printing ,
magazine printing and similar paper printing in various combination of coloured
and BandW pages to suit needs of the customer.
4-Hi Web Offset Tower helps for space optimization where sufficient roof
height is available. Stacks of Web Offset can also be placed separately incase
ample space is available / other needs of customer. The Tower of 4-Hi Web
Offset also have flexibility to attach 3 color satellite and mono units to
facilitate various configurations.
They are leading manufacturers, suppliers and exporters for Web Offset
Printing Machines in India and various other countries of the World. The
product range consists web Offset Printing Presses, web Printing Machines,
including Reel Offset Presses, news paper printing machine, Commercial Printing
Presses, Newspaper Printing Machines.
Fairprint 4 Hi Web Offset Tower is an ideal machine for printing 4
colours on both the sides of the web. 4 Hi Tower is quite flexible machine and
can print any permutation combination from 1+1 to 4+4 colors. Two webs of 2+2
can be printed on 4 Hi Tower using an extra reel stand.
A sturdy tower of 4-Hi Web Offset Tower unit is based on well tested and
proven concept of four stack units mounted one above another to print a web
both sides in four colours or two webs both sides in two colors each.
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.07 |
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UK Pound |
1 |
Rs.81.26 |
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Euro |
1 |
Rs.64.71 |
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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