MIRA
INFORM REPORT
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Report Date : |
07.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
D R INDUSTRIES |
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Registered Office : |
No.145/252, 14th Cross, Sri Gandhadakaval,
Sunkadakatte,(Behind Jai Maruthi Tent), Bangalore – 560091, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer, Importer and Exporter of Perforated Sheets and cable
trays all metals (M.S. Crca, G.I., S.S, copper, Phos Bronze, Aluminium, Tin,
PVC 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 : |
Small concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in its field. Trade relations are fair.
Payments are usually correct and as per commitments. Nothing adverse reported. 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. Deendayal Sharma |
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Designation : |
Partner |
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Mobile no: |
91-9845019390 |
LOCATIONS
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Registered Office : |
No.145/252, 14th Cross, Sri Gandhadakaval,
Sunkadakatte,(Behind Jai Maruthi Tent), Bangalore – 560091, Karnataka |
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Tel. No.: |
91-80-23489686 / 23485325 / 23488889 |
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Fax No.: |
91-80-23481024 |
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E-Mail : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Deendayal Sharma |
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Designation : |
Partner |
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Date of Birth/Age : |
32 years |
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Qualification : |
Graduate |
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Mobile no : |
91-9845019390 / 9343401020 |
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Name : |
Ms. Shanti Sharma |
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Designation : |
Partner |
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Date of Birth/Age : |
48 years |
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Qualification : |
Graduate. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer and Exporter of Perforated Sheets and cable
trays all metals (M.S. Crca, G.I., S.S, copper, Phos Bronze, Aluminium, Tin,
PVC etc. |
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Products : |
Perforated Sheet of MS, CRCA, G.I., S.S. Copper, Phospher, Bronze,
Aluminium, Tin, PVC etc. |
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Exports : |
Asian Market |
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Terms : |
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Selling : |
Credit (15 to 30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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Suppliers : |
Steel Distributors, Banaglore Steel House, Bangalore |
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Customers : |
v BHEL All Units v ITI Bangalore v BEML Banagalore
and K.G.F. v H.M.T. v G.E. Power
Control v HAL Bangalore |
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No. of Employees : |
18 |
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Bankers : |
State Bank of Hyderabad, Rajajinagar Branch, Bangalore – 560010,
Karnataka |
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Auditors : |
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Name : |
Mr. Prakash, Bangalore Chartered Accountant |
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Associates/Subsidiaries : |
Sharma Industries, Bangalore |
CAPITAL STRUCTURE
NIL
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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5.200 |
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Expected Sales (2007-08) : Rs.6.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
The Concern founded in 1982 and since then have been engaged with sheer
hard work in design and development of perforated metals from thin to thick
sheets. They make use of materials such as Stainless Stee, HR, CRCA, Aluminium,
Copper Brass, Paper, GI. They can perforate all shapes of holes of desired
requirement. They also undertake perforation with embossing. They have the
capacity to punch upto 5 feet width to 20 feet length sheet of thickness less
than 3 mm.
They have become one of the largest manufacturer of Perforated sheets of
M.S. CRRA, G.I, S.S, Copper, Phosphor, Bronze, aluminium, Tin, PVC stc. They
can perforate sheets upto 15 mm in M.S., 8 mm in Stainless Steel. The thickness
ranges from 1.2 to 170 mm.
They have the ability to meet the specific and special needs due to
their own design department. They follow IS 2405 (Part II) 1980 revised
standard for all their products. They have a well equipped manufacturing unit
with sophisticated special purpose machines and a team of qualified engineers
and technicians to meet any challenging job.
They serve the requirements of sugar factories, paper mills, chemical
and drug industries, automobile, acoustic industries, electrical industries and
leading interior decorators. They have always adhered to stringent quality
procedures of production and flawless deliveries within committed time frames.
Beside all these, concern supply their products to large and medium
scale industries including leading Public Sector Units.
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.40.47 |
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UK Pound |
1 |
Rs.81.27 |
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Euro |
1 |
Rs.62.11 |
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 |
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 |
4 |
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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 |
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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37 |
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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