MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
RATHORE METAL AND SMELTING |
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Registered Office : |
289, Sanjay Enclave, Jawahar Colony, Nagla Road, Faridabad – 121001, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1995 |
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IEC No.: |
0507068262 |
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PAN No.: [Permanent
Account No.] |
AATTR4012J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Solder Wire, Casting of Non Ferrous Metal. |
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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Maximum Credit Limit : |
USD 2500 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Management parted partial details and denied financials and some vital
details. Subject appears to be a small concern having moderate track. Trade relations
are fair. Payments are reported as slow to the local suppliers. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ravindra Rathore |
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Designation : |
Proprietor |
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Contact No.: |
91-9811211463 |
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Date : |
02.06.2008 |
LOCATIONS
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Registered Office/ Factory : |
289, Sanjay Enclave, Jawahar Colony, Nagla Road, Faridabad – 121001,
Haryana, India |
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Tel. No.: |
91-129-2471246/ 2475330/ 5520746 |
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Mobile : |
91-9811211463/ 9312400000 |
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E-Mail : |
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Website : |
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Area : |
400 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ravindra Rathore |
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Designation : |
Proprietor |
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Date of Birth/Age : |
15.05.1968 |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Solder Wire, Casting of Non Ferrous Metal. |
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Products : |
· Solder Wire · Casting of Non
Ferrous Metal · Zine Anode · Lead TIN Anode
Double Hook · Cadium Anode · Lead TIN Anode
Round Shape · Lead TIN Anode
Zig-Zag · Cadium Rods |
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Terms : |
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Selling : |
Cash and Credit (90 days) |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Manufacturers |
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No. of Employees : |
6 |
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Bankers : |
Corporation Bank, Faridabad |
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Facilities : |
(The concern enjoy some cash credit facilities from its bankers) |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Vijay and Company (Mr. Vijay Kumar Gupta) Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 Million |
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Borrowed : |
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Total : |
Rs. 0.500 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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8.000 (Estimated) |
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Expected Sales (2008-09) : Rs.20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trust seal Acceptance Chart:
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Parameters |
Details |
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Existence Verification |
2008/54498 |
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Name |
RATHORE METAL AND SMELTING |
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Address |
289, Sanjay Enclave, Jawahar Colony, Nagla
Road, Faridabad – 121001, Haryana, India |
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Phone/ Mobile
Numbers |
91-9811211463/ 9312400000 |
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Email/ Website |
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Electricity Bill |
Electricity Bill
is in Name of Company |
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Statutory Approvals |
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Legal Status of
Firm |
Proprietorship Mr. Ravinder
Rathore, DOB: 15.05.1968, Graduate |
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Income Tax
Registration (PAN) |
AATTR4012J |
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Central Sales
Tax Registration |
6121313075 |
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Service Tax
Registration |
- |
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VAT/ TIN
Registration |
6121313075 |
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Import Export
Code |
0507068262 Date
– 13.12.2007 |
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Name of Bank |
Corporation Bank,
NIT Faridabad |
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Current Account
Number |
80001 |
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Account Since |
10 years |
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EMP PF
Registration Number |
Yes
(Registration with P.F.) |
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Company ESI
Registration Number |
Yes (
Registration with E.S.I) |
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RBI Code Number |
PAN NO:
AATTR4012J |
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Credibility Factors |
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Indiamart Client
Since |
New Member |
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Years of
Establishment |
1995 |
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Trade Affiliations |
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SSI Registration |
051219960 date –
18.04.2000 |
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Export Promotion
Council |
National Small
Industries Corpn and ISO |
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Chambers of
Commerce Membership |
National Small
Industries Corpn Limited |
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D and B D-U-N-S
Number |
NA |
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Govt. Recognised
Export House Status |
National Small
Industries Corpn Limited |
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Standards and Certifications |
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Quality Management Systems |
They are
Maintaining Quality According to ISO 9001: 2000 |
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Environment Management Systems |
ISO |
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Other Certificates |
- |
Trade Reference:
· Hero Hinda, New Delhi
· Escoas Limited, Haryana
· Yamaha Motors, Haryana
· Federal Mogul, Punjab
Website Details
Profile:
Subject is an ISO: 9001-2000
certified company. They are into manufacturing of all types of electroplating
anodes and solder wire. They are into this business from last 15 years and
during these years company have worked hard to bring the best in the industry
with latest technologies and manpower.
ELECTROPLATING ANODES:
The Function of anodes in any plating solution is to provide
the path for the current out of the solution and to replenish the metal ions.
It is therefore absolutely that the plating anodes are of the highest purity to
ensure free and uniform dissolution over a wide range of plating conditions,
high conductivity and tendency to disintegrate or polarise and passivate.
TIN-LEAD-ANTIMONY:
Available in all alloys of Tin-Lead-Antimony from pure Tin
to pure Lead and pure Antimony such as:
A. With 7% Antimony and 93% Lead
for convential Chromic Acid plating bath.
B. With 7% Tin & 93% Lead for
S.R.H.S. Chrome Salt & Bright Chrome Salt (Propriatory Salts).
C. With 10% Tin-90% Lead for use
in Special Processing Solutions.
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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.42.89 |
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UK Pound |
1 |
Rs.83.80 |
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Euro |
1 |
Rs.66.45 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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29 |
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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