MIRA
INFORM REPORT
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Report Date : |
16.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
DEV KAMAL ENGINEERS |
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Registered Office : |
Flat No. 36, Sector-10, Charanjeev Vihar, Ghaziabad – 201001, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2002 |
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Com. Reg. No.: |
09018770 Dated: 17.06.2006 |
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PAN No.: [Permanent
Account No.] |
AJZPMQ060E |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Supplier and Exporter of premium quality pollution
control systems and other engineering goods. |
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 7500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Debabratha Mukherjee |
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Designation : |
Proprietor |
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Date : |
09.06.2008 |
LOCATIONS
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Registered Office/Factory: |
Flat No. 36, Sector-10, Charanjeev Vihar, Ghaziabad – 201001, Uttar Pradesh, India |
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Tel. No.: |
91-120-4121058 |
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Mobile No.: |
91-9873011058 / 91-9350891250 |
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Fax No.: |
91-120-4121058 |
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E-Mail : |
Debabratha_engineers@rediffmail.com |
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Website : |
www.devkamalengineers.tradeindia.com/ |
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Area : |
1500 sq yards |
SOLE PROPRIETOR
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Name : |
Mr. Debabratha Mukherjee |
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Designation : |
Proprietor |
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Address : |
Ghaziabad |
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Date of Birth/Age : |
42 years |
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Qualification : |
Mechanical Engineer |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Supplier and Exporter of premium quality pollution
control systems and other engineering goods. |
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Products : |
v Vacuum
Filter v Pressure
Vessel v Chimney v Crystallizer
For Sugar Industry v Heat
Exchanger v Structural
Fabrication v Clarifier v SS
Pressure Vessel. |
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Exports : |
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Products : |
Pollution Control System |
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Countries : |
Bangladesh |
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Terms : |
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Selling : |
Credit / Cash (30 days) |
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Purchasing : |
Credit / Cash (30 days) |
GENERAL
INFORMATION
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Customers : |
v
End Users
v
Pepsi Company
v
ABB
v
Varun Beverages v
Northern India Textile Research Association (Undertaking
of the Ministry of Textile)
v
Reliance Industries Limited (Petroleum Division), and many
more. |
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No. of Employees : |
40 (Office-5 and Factory-35) |
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Bankers : |
Canara Bank. SME Branch, Ghaziabad |
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Facilities : |
Rs. 2.000 Millions |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name : |
Jindal and Company (Chartered Accountant) |
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Address : |
Ghaziabad |
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Associates/Subsidiaries : |
v Kalpana
Engineers and Fabricators, Ghaziabad |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 1.500 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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12.500 |
11.000 |
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Profit/Loss for the year |
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0.820 |
0.798 |
SUMMARISED RESULTS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Proprietor’s Capital |
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1.500 |
1.470 |
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Fixed Assets |
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5.950 |
4.500 |
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Inventories |
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6.500 |
5.200 |
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Current Liabilities |
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6.300 |
5.100 |
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Sundry Debtors |
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2.343 |
2.054 |
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Cash and Bank Balance |
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0.256 |
0.300 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE
CHART
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Parameters |
Detail |
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Existence
Verification |
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Name |
Dev Kamal Engineers |
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Address |
Flat No. 36, Sector-10, Charanjeev Vihar, Ghaziabad – 201001, Haryana, Uttar Pradesh, India |
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2nd Address |
Flat No. 36, Sector-10, Charanjeev Vihar, Ghaziabad – 201001, Haryana, Uttar Pradesh, India |
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Phone / Mobile Numbers |
91-120-4121058 / 91-9873011058 |
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Fax Numbers |
91-120-4121058 |
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Electricity Bill |
Electricity bill is in the name of company. |
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Statutory
Approvals |
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Legal status of firm |
Mr. Debabratha Mukherjee Aged 45 Years Mechanical Engineer |
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Income Tax Registration |
AJZPM1060E |
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Central Sales Tax Registration |
09889101971 Dated: 12.11.2003 |
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State Sales Tax Registration |
9889101971 |
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Service Tax Registration |
Not Applicable |
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VAT / TIN Registration |
9889101971 |
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Excise Registration |
Nil |
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Import Export Code |
Applied |
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Name of Bank |
Canara Bank, SMe Branch. Ghaziabad |
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Emp PF Registratin Number |
Registered |
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RBI Code Number |
AJZPM1060E |
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Credibility
Factors |
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Indiamart Client Since |
New Member |
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Year of Establishment |
2002 |
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Trade
Affliations |
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SSI Registration |
Not Disclosed |
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Export Promotion Council |
Engineering Export Promotion Council |
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D and B D-U-N-S Number |
Nil |
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Government Recognised Export House Status |
Export Promotion Council |
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Standards and
Certifications |
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Quality Management Systems |
Yes |
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Environment Management System |
Nil |
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Safety Certificates |
Yes |
Trade References:-
v
ABB India Limited
v
Pepsico
v
Metso
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 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.42.87 |
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UK Pound |
1 |
Rs.83.41 |
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Euro |
1 |
Rs.66.11 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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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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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