MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHRI DASHMESH CASTINGS |
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Registered Office : |
A4, Industrial Estate, Malerkotia 148023, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1978 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer
of Rolls for Flour milling, Solid chill rolls, Adamite & other types of
rolls. |
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 12500 |
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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 small established concern having satisfactory track. The concern
has steady business. Trade relations are fair. Payment are usually correct
and as per commitments. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Prakash Gogia (Son of Mr. Nand Lal Gogia) |
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Designation : |
Director Technical |
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Contact No.: |
91-9814732397 |
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Date : |
02.06.2008 |
LOCATIONS
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Registered Office/Factory : |
A4, Industrial Estate, Malerkotia 148023, Punjab, India |
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Tel. No.: |
91-01675-253496 |
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Mobile No: |
91-9417015696 |
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Residence No.: |
91-01675-253369 |
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Fax No.: |
91-01675-250433 |
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E-Mail : |
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Website : |
www.chillroll.com |
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Area : |
550 sq yards |
SOLE PROPRIETOR
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Name : |
Mr. Nand Lal Gogia |
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Designation : |
Proprietor |
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Address : |
Malerkotla |
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Date of Birth/Age : |
66 years |
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Qualification : |
Graduate |
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Experience : |
38 years |
KEY EXECUTIVES
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Name : |
Mr. Jeet Gogia |
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Designation : |
Director Sales |
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Mobile No: |
91-9417015696 |
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Name : |
Mr. Prakash Gogia |
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Designation : |
Director Technical |
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Mobile No: |
91-9814732397 |
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Name : |
Mr. Lovely Gogia |
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Designation : |
Director Marketing |
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Mobile No: |
91-9814732197 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
of Rolls for Flour milling, Solid chill rolls, Adamite & other types of
rolls. |
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Products : |
v Definite Chilled
Rolls v Adamite / Alloy
Steel Rolls v Forged Rolls v Hi- Alloyed
Rolls for TMT Plants v Chilled Rolls
for Food and Feed Industries v Indefinite Chilled
Rolls v S. G. Iron Rolls v Double Poured
Chilled Rolls v Chilled Iron
Rams (Pistons) |
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Exports : |
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Products : |
C. I. Chilled Rolls |
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Countries : |
Srilanka |
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Terms : |
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Selling : |
Credit / Cash (30 days) |
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Purchasing : |
Cash / Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
46 (Office-3, Factory-13.
Branch-5 and On Contract-25)) |
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Bankers : |
HDFC Bank Limited, SCF No. 01, Rose Avenue of Improvement Trust Malerkolta 148023,
Punjab, India Tel No: 91-1675-252349 |
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Auditors : |
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Name : |
R. K. Jindal and Company (Chartered Accountant) |
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Address : |
Malerkotla |
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Associates/Subsidiaries : |
Dashmesh Rolls Private Limited, Malerkotla 148023, Punjab, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 2.500 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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9.500 |
9.200 |
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Profit/Loss for the year |
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0.750 |
0.641 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:-
v
Pepsi Foods Limited
v
Setia Paper Mills
v
Khanna Paper Mills Limited
v
9001-2000 ISO Industry
Profile:-
Subject is dedicated to manufacturing Rolls for Flour
milling, Solid chill rolls, Adamite & other types of concern is located in the green, unpolluted environs
in the heart of the industrial area of Malerkotla .
Subject has established itself as a trustworthy name
in the manufacturing of chilled cast iron rolls (mill rolls) by the centrifugal
spin casting process using the double pour technique. The process has been
innovated by professionals having immense experience in developing rolls of
highest quality standards, at its own manufacturing facilities & by
satisfying customers from all over the world.
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.42.81 |
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UK Pound |
1 |
Rs.66.10 |
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Euro |
1 |
Rs.83.75 |
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 |
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 |
NO |
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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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