MIRA
INFORM REPORT
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Report Date : |
30.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROHAN INFOTECH |
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Registered Office : |
Plot No. 1, Lane No.9, Kadipur Industrial Area, Gurgaon – 122 001,
Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2005 |
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IEC No.: |
*0506072509 |
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PAN No.: [Permanent
Account No.] |
ABGPY9432K |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Telecom Connectors |
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 : |
Trustseal Acceptance form will follow, soon. Subject is a well –
established concern having satisfactory track. Trade relations are fair.
Business is steady. 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. Rajbir Singh |
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Designation : |
Proprietor cum Chief Executive Officer |
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Date : |
24.09.2008 |
LOCATIONS
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Registered Office/ Factory : |
Plot No. 1, Lane No.9, Kadipur Industrial Area, Gurgaon – 122 001,
Haryana, India |
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Tel. No.: |
91-124-6451566 / 2212139 |
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Mobile No.: |
91-9910049045 |
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Fax No.: |
91-124-2212139 |
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E-Mail : |
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Area : |
10000 Sq.fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Rajbir Singh |
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Designation : |
Proprietor cum Chief Executive Officer |
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Age : |
29 years |
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Qualification : |
B. Tech (Electrical) |
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Experience : |
5 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Telecom Connectors |
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Products : |
An ISO 9001 : 2000 certified concern · Telecom Connectors · Network Connectors · Enclosures · Racking systems · Cable trays and · Cable accessories |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
Capacity to increase production by: 50%
GENERAL
INFORMATION
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Suppliers : |
Own Manufacturing |
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No. of Employees : |
8 |
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Bankers : |
Kotak Mahindra Bank Limited, Sector – 14, Gurgaon-122 001 Haryana,
India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 millions |
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Borrowed : |
--- |
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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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30.000 |
25.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09): Rs.150.000 millions
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILs:-
Subject is a professionally managed and ISO Certified concern, manufacturing
Enclosures and Racking Systems, Boxes, Cable Trays and Accessories for
Engineering, Networking and power distribution Equipment.
Now Subject took with an objective to provide IT solutions in the emerging
markets. The wide spectrum of Solution offerings enables them to compete
against the best of breed in technology and Services. It also enables a very
sound technical understanding and knowledge of the business, customer needs and
technical updating the data so dynamically happens.
Subject draws its strength from in-house manufacturing facilities spread fully,
with a well lit, ventilated pollution free environment. They have all the
required machineries and tooling for executing the work to provide best quality
product. They have a team of professionals including Design Engineers, CAD/CAM
facilities, Full Scale Drawing office and best vendor support to meet customer
specifications.
Each concern Product is passed through stringent quality checks for defects
Design and manufacturing conformity and performance quality. The quality system
provides for both incoming and outgoing material specification conformity and
workmanship for hassle free use in the field.
They are one of the leading manufacturer of
Racking Systems in India, Equipments Enclosures, Cable Trays and Accessories,
Boxes, Server Racks, Telecom Racks, Open Racks, Fiber Distribution System,
Connection Panels etc for Engineering, Networking and Power Distribution
Equipments.
Vision
and Mission
To develop innovative methods and products in providing out of the
cabinet solutions for problems related to the fields of telecom.
Subject mission is to provide innovative solutions to customers using
energy-efficient, Environment friendly and cost effective methods.
They are a dedicated, proactive, loyal and accountable group of people with a
quest for excellence through latest technology, people empowerment and brand
equity to produce world-class products by adopting best business ethics.
Quality
Policy
At the concern, they shall direct all resources and systems to meet
customer's expectation of quality, timely deliveries and product reliability
and support. Each product is passed through stringent quality checks for
defects, design and manufacturing conformity and optimum quality. The quality
system provides both incoming and out going material specification conformity
and workman ship for hassle free use in the field. They are an ISO 9001:2000
certified concern and shall use the basis of ISO to achieve the quality level by
cross checking the quality at various stages of process and production
Products
They are one of the leading manufacturer of Racking Systems in India,
Enclosures for Equipments , Cable Trays and Accessories, Telecom Racks, Boxes,
Server Racks, Open Racks, Fiber Distribution System, Connection Panels etc for
Engineering, Networking and Power Distribution Equipments etc.
These racking solution offer standard 19 inch fixing rail with frame.
These provide options of pannels and doors for any customized requirement.
These racking solution offer standard 19 inch fixing rail with frame.
These provide options of pannels and doors for any customized requirement.
These racking solution offer standard 19 inch fixing rail with frame.
These provide options of pannels and doors for any customized requirement. They
are OEM for the same and provides customized solution for racking system.
Accessories
Dummy pannel Steel Sheet: used for covering blank spaces in raks available in
various U heights and paints specifications etc
Cable Trays are used for running multiple open cable connecting
equipment racks in same and adjoining rooms. Available in following sections
Connecterised cables they provide all types of connecterised cables,
connectors, cables for telecom solutions, network solutions Cables like RG59,
RG179, BT3002, RG212, ST212, RG8, Rg11 etc. Connectors like DIN1.0/2.3,
DIN1.6/5.6, BT43, SMZ, BNC(M), BNC(F) etc.
The Fibre Distribution Frames provides solution for fibre distribution.
They provide all types of Rack Mount, Wall Mount Solution for Fibre
Distribution.
Different types of connecting pannels are available for providing
solutions for co-axial, RF, RJ11, RJ45, Fibres. The type of connecting pannels
are Available on 19 inch / ETSI mountable Standards.
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.46.94 |
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UK Pound |
1 |
Rs.85.57 |
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Euro |
1 |
Rs.67.79 |
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 |
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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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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