MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KARYTRON ELECTRICAL INDUSTRIES |
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Registered Office : |
206, Pankaj Tower-I, G-5, Commercial Complex, Vikaspuri New Delhi
110048, |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1996 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Service Provider of Electrical 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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Maximum Credit Limit : |
USD 75000 |
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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. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as 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. Ajay Kohli |
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Designation : |
Proprietor |
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Contact No.: |
91-981147688/9212736375 |
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Date : |
02.10.2008 |
LOCATIONS
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Registered Office : |
206, Pankaj Tower-I, G-5, Commercial Complex, Vikaspuri New Delhi
110048, |
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Tel. No.: |
91-11-45620856 / 45620858 |
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Mobile No.: |
91-9811147688 / 9812736375 |
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E-Mail : |
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Website : |
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Area : |
500 sq ft |
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Location : |
Owned |
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Factory 1 : |
685, MIE Industrial Area, Phase-I, Delhi-Rohtak Road, Bahadurgarh,
Haryana India. |
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Area : |
2000 sq ft |
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Location : |
Owned |
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Branches : |
D-63, Ajay enclave, Najalgarh Road, New Delhi 110018. |
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Area : |
2000 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ajay Kohil |
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Designation : |
Proprietor |
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Address : |
A-123, Ground Floor, Shankar Garden, Vikaspuri, New Delhi, India |
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Date of Birth/Age : |
34 Years |
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Qualification : |
B.COM |
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Experience : |
10 Years |
KEY EXECUTIVES
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Name : |
Mr. R.C Kohil |
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Designation : |
Key Executive |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Service Provider of Electrical Equipments |
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Products : |
v Power Control
Centers v Motor Control
Centers v Distribution
Board v Bus Ducts and
Rising Mains v Control and
Relay Panel v Control Desk and
Mimic Panels v Automatic Power Factor Correction Pane |
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Exports : |
Subject wants to start Export |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS
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Capacity to Increase production by 40% |
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GENERAL
INFORMATION
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Suppliers : |
Owned Manufacturing (Purchase raw material from open market.) |
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Customers : |
v National Thermal
Power Corporation (NTPC), Noida v Voltas Limited,
New Delhi v Motorola India
Private Limited, Gurgaon / Noida v Siemens Limited,
New Delhi v J K White Cement
Works, Rajasthan v Hero Motor
Limited, New Delhi v Oberoi Hotel v Indian Railway
Construction Company (IRCON) v Indraprastha
Apollo Medical Corporation Limited v Bharat Petroleum
Corporation Limited v Haldiram
Products (Private) Limited, Noida v Air Force
Insurance Society, New Delhi v Hindustan lever
Limited v Relaxo Footwears
(Private) Limited v Globus Agencies
Limited, Gurgaon v Sangam Cinema,
New Delhi v Jai Switches,
Gurgaon v Modern Food
Industries (India) Limited, New Delhi |
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No. of Employees : |
30 |
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Bankers : |
v ICICI Bank
Limited
Vikas Puri, New Delhi – 110 018, India v Canara Bank Bahadurgarh,
Haryana, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Anil Somani and company Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries : |
Anil Precession Instruments Address: A-123, Ground Floor, Shankar Garden, Vikas Puri, New Delhi- 110018, India Line of Business: Designing, Installation, Testing, Commissioning, Consultancy and Maintenance of Electrical Sub- Station. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
1.500 Millions |
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Borrowed : |
- |
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Total : |
1.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
15.000 |
10.000 |
9.000 |
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Expected Sales (2008-09) : Rs.50.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
·
Astrongs International, New Delhi
·
ACTL Limited, New Delhi
·
Gateway Rail Limited, New Delhi
·
Hindustan Uniliver Limited, New Delhi.
Website details
attached:
Subsidiary
Anil Precision Instrument Works
Organization Setup
ADDRESS
OFFICE ADDRESS
(H.O.)
A-123, Ground Floor, Shankar
Garden, Vikas Puri, New Delhi- 110018, India
BRANCH OFFICE
D – 63, Ajay Enclave, Najafgarh Road, New Delhi – 110018.
Works (KEI) : 685, M.I.E.,
Phase - 1, Delhi – Rohtak Road, Bahadurgarh – 124 507.
PROPRITOR
Mr. R.C. Kohli (APIW)
Mr. Ajay Kohli (KEI)
CONTACT Nos.
TEL : 41582666, 41582667
FAX : 41582668
WORKS: 55454760,
9899500084
CELL : 9811147688, 9811902010, 9911461212
PRODUCT RANGE
- Motor Control
Centre
- Power Control
Centre
- Amf, Auto/
Manual Capacitor Panel
- Feeder Piller
- D.B's Etc.
EMPLOYEES STRENGTH
Engineer : 03
Commercial : 05
Marketing : 03
Worker : 22
SERVICE TAX NO. : DLI/ST/MandR/890/APIW/2004
PAN : AAPPK7076H (APIW)
TIN NO. : 06451701427 (KEI)
PAN : AMHPK2420K (KEI)
BANKER : Bank of India, Tilak Nagar, New Delhi.
(APIW)
:
Canara Bank, Bahadurgarh. (Kei)
Valuable Clients
PRE COMMISSIONING TESTING and PREVENTIVE MAINTENANCE OF ELECTRICAL SUB–
STATION
v National Thermal Power Corp. (NTPC), Noida 26.
v Hindustan Petroleum Corp. Limited, New Delhi
v Voltas Limited, New Delhi 27.
v Motorola India Private. Limited, Gurgaon/Noida
v Siemens Limited, New Delhi 28.
v H. C. L. Info. Systems Limited, Noida
v Kajaria Ceramics Limited 29.
v J.K.White Cement Works, Rajasthan
v Samtel India Limited, New Delhi 30.
v Torrent Cables Limited, New Delhi
v Hero Motor Limited, New Delhi 31.
v Rathi Alloys and Steels Limited
v Oberoi Hotel 32.
v
Flex Industries Limited , Noida
SUPPLYING OF POWER and CONTROL PANELS AND OTHER ALLIED WORKS
v Indraprastha Apollo Medical Corp. Limited 24.
v Bharat Petroleum Corp. Limited
v Sperry Plast Limited. Bahadurgarh 25.
v Jai Switches, Gurgaon
v Vigro Frozen Food (P) Limited 26.
v System Projects and Engineers, New Delhi
v Deltek Engineers (Contractor) 27.
v Jyoti Trading Corp., New Delhi
v H.M.P. Associates (Contractor) 28.
v Bijlee Construction (Contractor)
v Dynamic Enterprises, New Delhi 29.
v Dynamic Engineers. New Delhi
v Veecon – IPA Gastechnic Limited., New Delhi 30.
v Trinayana Auto (P) Limited, Gurgaon
v Teslak Engineers and Consultants 31.
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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 |
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 |
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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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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