MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
DYNAVAC INDIA PRIVATE LIMITED (W.E.F. 04.09.2007) |
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Formerly Known As : |
DYNAVAC |
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Registered Office : |
ALG Farms, 302, Nambialaganpalayam, Near MGR Nagar, Vedapatti (PO),Coimbatore – 641 007, Tamilnadu |
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Country : |
India |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
13917 |
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CIN No.: [Company
Identification No.] |
U29304TZ2007PTC013917 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBD03919G |
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PAN No.: [Permanent
Account No.] |
AACCD6937E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters
of Heavy Duty
Industrial Vacuum Cleaners, Foundry Vacuum Cleaners, Textile Vacuum Cleaners,
PCB Industry Vacuum Cleaners, Dust Extractors, etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company. It has yet to establish track. No payment records
are available. initially, the company can be considered for small business
dealings on safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
ALG Farms, 302, Nambialaganpalayam, Near MGR Nagar, Vedapatti (PO),Coimbatore – 641 007, Tamilnadu, India |
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Tel. No.: |
91-422-6526211/ 2474834 |
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Mobile No.: |
91-9443721682 |
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Fax No.: |
91-422-2474834/ 2472267 |
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E-Mail : |
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Website : |
http://www.dynavac.in , http://www.dynavac.org |
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Area : |
9000 sq. meters |
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Location : |
Owned |
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Branches : |
Hosur, Tamilnadu, India |
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Area : |
1000 sq. ft. |
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Location : |
Rented |
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Branches : |
Chennai, Tamilnadu, India |
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Area : |
1000 sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Arun Lakshmi Narayanau |
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Designation : |
Director |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Post Graduate |
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Experience : |
18 Years |
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Name : |
Mr. Sethuram |
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Designation : |
Directors |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Graduate |
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Experience : |
25-30 Years |
KEY EXECUTIVES
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Name : |
Mr. Selva Subramaniyan |
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Designation : |
Director Manager Sales and Marketing |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters
of Heavy Duty
Industrial Vacuum Cleaners, Foundry Vacuum Cleaners, Textile Vacuum Cleaners,
PCB Industry Vacuum Cleaners, Dust Extractors, etc. |
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Products : |
* Industrial Vacuum Cleaner * Dust Collectors * Dust Collection Systems * Environment Cleaning Systems * Industrial Cleaning Equipment * Heavy Duty Industrial Vacuum Cleaners * Dust Extraction Equipment * Centralised Vacuum Cleaners * Industrial Vacuum Cleaner * Pumps and Vacuum Equipment * Single Phase Vacuum Cleaners * Single Phase Wet Vacuum Cleaners * Single Phase Dry Vacuum Cleaners * Three Phase Dry Series Vacuum Cleaners * Three Phase Wet Vacuum Cleaners * Three Phase Dry Vacuum Cleaners * Single Stage Dust Extractor * Two
Stage Dust Extractor |
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Exports : |
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Products : |
All Products |
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Countries : |
Bangladesh, Sri Lanka, UAE, Australia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Italy, Taiwan |
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Terms : |
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Selling : |
A/P against Delivery |
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Purchasing : |
Credit upto 30 days basis |
GENERAL
INFORMATION
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Customers : |
* Manufacturers * Industrial
Persons |
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No. of Employees : |
Around 35 |
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Bankers : |
Corporation Bank, Coimbatore, Tamilnadu, India Oriental Bank of Commerce, Coimbatore, Tamilnadu, India |
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Facilities : |
The Company enjoys Credit and Overdraft Limit facilities Rs. 6.000
millions from Corporation Bank. |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Mr. Chinnaswamy Chartered Accountants |
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Address : |
Coimbatore, Tamilnadu, India |
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Memberships : |
* Confederation of Indian Industries (CII) * Southern India Engineering Manufacturers' Association (SIEMA) * Coimbatore District Small Industries Association (CODISSIA) * Indian
Rubber Association and Indian Chamber of Commerce |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 millions |
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Borrowed : |
Nil |
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Total : |
Rs. 2.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Expected Sales (2007-08) : Rs. 5.500 millions
Subject was newly converted into private limited liability company on
04.09.2007. Thus, no financials could be available.
LOCAL AGENCY
FURTHER INFORMATION
History
Subject was established in the Year 1989 as Partnership Concern as
Dynavac. It was can in to Private Limited Company w.e.f. 04.09.2007.
Trade references:
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Carbo Raudum Universal Private Limited
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Persity Van Male India Private Limited
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Sag Bearing Limited
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Bi-Metal Bearing
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LMW
As Per Website:
Profile
Dynavac was established in 1989 at Coimbatore to manufacture
industrial vacuum / suction cleaning equipment.
Dynavac machines are rugged in construction and built for
heavy-duty industrial cleaning and collecting of various types and sizes of
dust, waste, raw material, etc. Dynavac helps you keep your industrial
environment clean and safe.
Dynavac also undertakes customization to suit specific needs such as collecting waste, reusable raw materials, vacuum conveying, etc.
Dynavac designs systems that provide silent round-the-clock suction for high volume applications, mobile units, centralized systems for multi point applications, etc., according to the customer’s requirements. Dynavac provides top-class service to ensure total customer satisfaction.
Application and
Customers :
Application Industries
Textile mills Bearings
manufacturing
LPG Bottling plant
Automobile tyre
manufacturing
Abrasive materials
manufacturing Automobile parts
manufacturing
Washing machines
manufacturing Food products
Gloves
manufacturing Power plants
Optical lens
manufacturing Rubber
DC motors
manufacturing Textile machinery
manufacturing
PCB manufacturing
units Tea & coffee
manufacturing
Writing Pencils
manufacturing Foundry
Jewels
manufacturing Miscellaneous
Wood Industries Special purpose
machine manufacturing
Contract cleaning Fishery
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.39.27 |
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UK Pound |
1 |
Rs.77.01 |
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Euro |
1 |
Rs.58.29 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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30 |
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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