MIRA
INFORM REPORT
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Report Date : |
29.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONTROL SIGNALS |
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Registered Office : |
N-91, Sector 1, Dsids Bawana Industrial Complex, New Delhi
110039. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1984 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
07870117897 |
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PAN No.: [Permanent
Account No.] |
AAAFG0142P |
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Legal Form : |
A Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer, Supplier and Exporter of a wide range of equipment and
machinery required for PCB assembly manufacturing. |
RATING &
COMMENTS
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MIRAs 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 40000 |
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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. R.S. Bartwal |
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Designation : |
Partner |
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Date : |
22.08.2008 |
LOCATIONS
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Registered Office : |
N-91, Sector 1, Dsids Bawana Industrial Complex, New Delhi
110039, India |
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Tel. No.: |
91-11-64502584 |
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Mobile No.: |
91-9810252584 |
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E-Mail : |
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Website : |
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Area : |
100 sq ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. S.K. Chadha |
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Designation : |
Partner |
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Date of Birth/Age : |
42 Years |
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Experience : |
17 Years |
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Name : |
Mr. R.S. Bartwal |
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Designation : |
Partner |
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Date of Birth/Age : |
50 Years |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Supplier and Exporter of a wide range of equipment and
machinery required for PCB assembly manufacturing. |
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Products : |
· Auto Wave · Rework Station · Automatic DIP
Soldering System · Pneumatic Wire
Stripper · Enamel Wire
Striper · Wire Sizing Cum
Striping M/C · Wire Sizing M/C · Automatic Jumper
· IC Lead
Straightener · Automatic Lead
Cutting M/C · Automatic Cut
and Blend for Axial · High Speed Cut
and Form M/C for Axial · Manual Cut and
Form M/C etc. Used in · Electronic
Automation · Electrical
Automation · Industrial
Electronics · Medical
Electronics · Telecommunication · Consumer
Electronics · Automobile
Industry etc. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
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Capacity to
increase Production by : |
50% |
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GENERAL
INFORMATION
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Suppliers : |
Own Manufacturing |
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No. of Employees : |
8 |
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Bankers : |
Corporation Bank, New Delhi |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Disclose |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.8.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.8.000 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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Sales Turnover |
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7.500 |
6.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09) : Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
CONTROL SIGNALS |
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Address |
N-91, Sector 1, Dsids Bawana Industrial Complex, New Delhi 110039,
India |
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Phone/ Mobile Numbers |
91-11-64502584 |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Concern |
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Income Tax Registration |
AAAFG0142P |
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VAT/ TIN Registration |
07870117897 |
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Name of Bank |
Corporation Bank, New Delhi |
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Credibility Factors |
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Years of Establishment |
1984 |
Web Details
Attached
They are
manufacturers, suppliers and exporters of a wide range of equipment and
machinery required for PCB assembly manufacturing. Their wide product array
include manual cut and form machine, high speed cut and form machine for axial,
automatic lead cutting machine, IC lead straighteners, automatic jumper, wire
sizing cum stripping machine, pneumatic wire stripper, DIP soldering systems,
auto wave and rework station etc.
They commenced their operations in 1984 at New Delhi under the administration
of Mr. S. K. Chadha. / Mr. R.S. Bartwal
Under his guidance, they have made tremendous progress and are successfully
competing with various global players. Their complete product assortment has
been designed and developed by utilizing latest technology and advanced
machinery. The machinery used in their production line is based on surface
mount technology (SMT).
Their business activities are framed to
effectively bring utmost customer satisfaction. Hence, all their activities are
geared towards perfect company - client accord. Leveraging on their competent
workforce and highly generative production facility, they are able to
manufacture cost effective range of finished products. Further, they ensure
hassle free on-time delivery of their consignments.
In addition, during the product development
process, their team of experienced and seasoned professionals rigorously
inspects each stage of production to ensure zero defect productions. Their
assortment of finished products can successfully meet both standardized as well
as customized needs of the clients. Therefore, these products are used in a
wide array of industry applications. The industries, where their products find
immense demands are solar cells, lightening, automotive, pharmaceutical,
electronics and electrical industries.
QUALITY INSPECTION
PROCESS
As an integral part of their quality control
mechanism, they keep a close vigilance on each on-going process during the
product designing and manufacturing process. They also have a separate team of
quality control professionals, who render various valuable guidance and advice
during product development process. Their active supports and in-depth industry
knowledge boost-up the overall quality standards of their finished products.
They thrive to achieve flawless quality in compliance to international
standards. Further, through delivering them, they effectively cater the
requirements of their clients and grab their utmost satisfaction.
INFRASTRUCTURE
FACILITY
Spread across a wide area, they have
developed a promising infrastructure set-up, which is fully equipped with
various types of modern and highly productive machinery and equipment. The
installed machines enable them to develop finely fabricated and finished
products. Their indigenously designed machines propel them to set-up a low cost
but highly efficient manufacturing foundation. Their machinery assortment
consists:
Etching and Ink Stripping Etching
Screen Printing and Masking Machine
Solder Paste Printer
Chip Shooter
Fine Pitch Placer
Sequencers and others
Further, their entire infrastructure is segregated into various departments
including production control unit, quality testing unit, storage facilities and
others. The proper coordination of these divisions makes them for effective
manufacturing and delivering of their range of finished products. To
successfully meet the bulk product orders, they are supported by their
competent production facilities.
RESERCH AND
DEVELOPMENT AND TECHNOLOGY ORIENTATION
They are empowered with a team of highly
skilled and trained professionals who are involved in various research and
development activities. They keep in touch with various types of advanced
technologies to keep them abreast with the ever-changing industry facets.
Amongst various latest technologies, they follow THRUHOLE technology along
with surface mount technology during the product development process.
These technologies assist them in quick and efficient mass production. Further,
they offer advanced testing facilities, which include TARA dyne in-circuit
tester, automated optical inspection, solder paste height measurement instrument
and various others.
CUSTOMER
SATISFACTION
They have successfully catapulted the top
position in the industry by delivering a complete range of highly effective
equipment and machinery for printed circuit board (PCB) assembly. They have
carved the niche and concentrate their focus on manufacturing and delivering
unsurpassed range of finished products. Their cost-effective products are known
in the global market for their efficiency and performance. The best part is
that they have actualized cost effective production processes in order to
deliver value to their customers. They take pride on their high competency and
mastery in delivering a complete range of services and allied value proposition
adhered to their finished products.
SPECIALITIES
They have immense expertise in manufacturing
and delivering highly competent and finished equipment and machinery. These
finished products bring complete solution of PCB cycle. The reasons, for which
are immensely acknowledged in the international arena are:
Each of the machine and equipment executes long life performance
They require minimum down time for
manufacturing and delivering the orders
Easy and economical maintenance
Easy self service
Cost effective prices
Incomparable quality standards
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 Intl
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 companys 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.43.73 |
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UK Pound |
1 |
Rs.80.31 |
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Euro |
1 |
Rs.64.61 |
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 |
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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45 |
This score serves as a reference to assess SCs 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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