MIRA
INFORM REPORT
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Report Date : |
27.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAULATRAM INDUSTRIES |
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Registered Office : |
10-E Industrial Area, Govindpura, Bhopal – 462 023, Madhya Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1974 |
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IEC No.: |
PMT/SSI/178 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTD01792A |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer of Dynamic Braking Resistors and other Railway
Equipments. |
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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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 having satisfactory track. Partners are
reported as experienced and respectable businessmen. Trade relations are fair.
Business is active. 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. Manoj Saxena |
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Designation : |
Accountant |
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Contact No.: |
91-9329042401 |
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Date : |
27.02.2008 |
LOCATIONS
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Registered Office/ Factory : |
10-E Industrial Area, Govindpura, Bhopal – 462 023, Madhya Pradesh, India |
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Tel. No.: |
91-755-2586927/2786369/2284507 |
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Mobile No.: |
91-9893029412/
9329042401 |
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Fax No.: |
91-755-2783452 |
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E-Mail : |
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Website : |
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Area : |
12000 sq. fts. |
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Location : |
Owned |
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Branch : |
Plot No. 141,Sector II, Integrated Industrial Estate, Haryana, India |
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Area : |
18000 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Satish Nath Sharma |
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Designation : |
Managing Partner |
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Address : |
7/8 Ankur Complex, Shivaji Nagar, Bhopal - 462003, Madhya Pradesh,
India |
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Date of Birth/Age : |
65 Years |
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Qualification : |
M.Tech. |
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Experience : |
38 Years |
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Name : |
Mr. Chander Prakash Sharma |
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Designation : |
Partner |
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Address : |
7/5 Ankur Complex, Shivaji Nagar, Bhopal - 462003, Madhya Pradesh,
India |
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Date of Birth/Age : |
55 Years |
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Name : |
Mrs. Brij Sharma |
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Designation : |
Partner |
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Address : |
7/8 Ankur Complex, Shivaji Nagar, Bhopal - 462003, Madhya Pradesh,
India |
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Date of Birth/Age : |
57 Years |
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Name : |
Mr. Ved Prakash Sharma |
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Designation : |
Partner |
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Address : |
7/5 Ankur Complex, Shivaji Nagar, Bhopal - 462003, Madhya Pradesh,
India |
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Date of Birth/Age : |
60 Years |
KEY EXECUTIVES
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Name : |
Mr. Manoj Saxena |
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Designation : |
Accountant |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Dynamic Braking Resistors and other Railway
Equipments. |
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Products : |
* Electrical Data
and Dimension Drawings * Slipring Motors
Type AM R1 (TEFC) * Slipring Motors
Type AJ-R (SPDP) * Short Circuit
and Overload Protection for Motors * Squirrel Cage
Motor * Slip-Ring Motor * Squirrel Cage
Motors * Slip Ring Motor |
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Exports : |
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Products : |
Dynamic Braking, Resistors & Transistors, Equipment |
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Countries : |
Though RITBS to Iran and Sri Lanka. |
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Imports : |
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Products : |
Resistor Material, Pressure Switch and Plastic Compounds |
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Countries : |
Germany and USA |
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Terms : |
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Selling : |
Against Delivery Cheque |
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Purchasing : |
L/C or Credit upto 45-60 days basis
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GENERAL
INFORMATION
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Customers : |
* End Users * Indian Railway * Individual
Company * Government
Bodies Some of major customers includes: ·
Chittaranjan Locomotive Works ·
Rail Coach Factory ·
Diesel Locomotive Works, Varanasi, India |
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No. of Employees : |
Around 125 |
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Bankers : |
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Central Bank of India, Industrial Area, Bhopal, Madhya Pradesh ·
Canara Bank, Area Valley, Bhopal, Madhya Pradesh |
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Facilities : |
·
The concern enjoys Cash Credit facility of RS. 12.500 millions and Rs.
1.500 millions from Central Bank of India ·
The concern enjoys Credit Limits facility of Rs. 2.500 millions from
Canara Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Bhutoria Ganesan and Company Chartered Accountants |
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Address : |
S-9, Thadaram Complex, 209-A, Zone-1, M. P. Nagar, Bhopal - 462 011,
Post Box No. 1142, India |
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Tel. No.: |
91-755-2572265 |
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Fax No.: |
91-755-2574367 |
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E-Mail : |
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Collaborators : |
* Daehwa Brake
Company Limited, Korea
Activity - manufacture of
break blocks |
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Sister Concerns : |
* Daulat Ram Engineering Services Private Limited, 7/5, Ankur Complex, Shivaji Nagar, Bhopal – 462003, Madhya Pradesh, India Tel No.91-755-55826 Activity – Manufacturing motor and faction motor (Rehabilitation of dynamic braking resistors with blower motor of electric and diesel locomotives of Indian Railway and rewinding of auxiliary motors.) * Standard Alloy, Bangalore, Karnataka Activity - Manufacturing and Casting |
CAPITAL STRUCTURE
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Capital Investment : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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220.000 |
200.000 |
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Expected Sales (2007-08) : Rs. 350.000 millions
LOCAL AGENCY
FURTHER INFORMATION
It is in trade
terms with:-
Ř
Indian Railways
Ř
NGEF Limited, Bangalore, Karnataka, India.
Ř
KRUPP VDM GmbH, Germany
Ř
Advantech Inclusive, USA.
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.39.92 |
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UK Pound |
1 |
Rs.79.31 |
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Euro |
1 |
Rs.60.63 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
YES |
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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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54 |
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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