MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
DENFORT INTERNATIONAL |
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Registered Office : |
64, Industrial Estate, Ambala Cantt 133006, Haryana. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1995 |
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IEC No.: |
3395001008 |
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PAN No.: [Permanent
Account No.] |
ABHPB1996L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Pantographic Dental Chair, Dental X-Ray Machine Glass
bead sterilizer etc. |
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 1115 |
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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 : |
Subject is well established concern having satisfactory track. Trade relations
are fair. Payment are usually correct and as per commitment. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Vikas Banga |
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Designation: |
Proprietor |
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Date : |
10.10.2008 |
LOCATIONS
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Registered Office : |
64, Industrial Estate, Ambala Cantt 133006,Haryana. |
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Tel. No.: |
91-171-2699064,2699715 |
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Mobile No.: |
91-9315101038 |
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Fax No.: |
91-171-2699064 |
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E-Mail : |
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Area : |
Owned |
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Location : |
550 sq ft. |
SOLE PROPRIETOR
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Name : |
Mr. Vikas Banga |
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Designation : |
Proprietor |
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Address : |
Ambala Cantt |
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Date of Birth/Age : |
38 Years |
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Qualification : |
B E |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Pantographic Dental Chair, Dental X-Ray Machine Glass
bead sterilizer etc. |
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Products : |
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Exports : |
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Countries : |
·
Indirectly Srilanka ·
Bangaladesh |
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Imports : |
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Products: |
Parts |
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Countries : |
China |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash/ Credit |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
30 |
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Bankers : |
Bank of India. Ambala Cantt. |
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Facilities: |
Rs.0.600 Million |
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Auditors : |
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Name : |
Gandhi Manocha and Company Chartered Accountant. |
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Address : |
Ambala Cantt |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.230 Million |
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Borrowed : |
Rs.2.000 Million |
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Total : |
Rs.2.230 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMMARISED FIGURES
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PARTICULARS |
31.03.2008 |
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FIXED ASSETS: |
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Fixed Assets (Net Block) |
3.800 |
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CUURENT ASSETS: |
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Cash And Bank Balance |
0.446 |
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CURRENT LIABILITY: |
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Currrent Liability |
5.610 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Sales Turnover |
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40.000 |
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Other Income |
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0.000 |
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Total Income |
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40.000 |
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Profit/(Loss) Before Tax |
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3.005 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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3.005 |
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Total Expenditure |
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36.995 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
V S International,
400030(2) Avishkar
INT. P Limited, Mumbai.
TRUSTSEAL ACCEPTANCE CHART :
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Parameters |
Detail |
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Existence Verification |
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Name |
DENFORT INTERNATINAL |
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Address |
64-IND. Estate, Ambala Cantt-133006 |
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2nd Address |
64 IND. Estate, Ambala Cantt-133006 |
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Phone / Mobile Numbers |
91-171-2699064.2699715 |
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Fax Number |
91-171-2699064 |
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Electricity Bill |
Electricity bill is in name of Company Mnfrs
of Pantographic Dental Chair. |
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Statutory Approvals |
Prop |
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Legal Status of Firm |
Mr. Vikas Banga Aged 38 Years |
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Income Tax Registration |
ABHPB1996L |
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VAT / TIN Registration |
6031031873 |
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Name of Bank |
Bank of India, Ambala Cantt. |
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Emp PF Reg Number |
ND |
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Company ESI Reg Number |
NA |
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RBI Code Number |
ABHPB1996L |
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Standards and Certifications |
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Quality Management Systems |
Yes Maintaining Full Quality Control |
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Environment Management Systems |
Nil |
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Safety Certificates |
Yes Maintaining Full Quality Control |
Profile:
Established in the year 1994, Subject has been engaged in the
manufacture and export of dental equipment to various clients all around the
world. Their extensive range of dental equipment includes electrical dental
chair, woodpecker ultrasonic scaler, micro processor controlled dental X-Ray
units, dental chair, computer controlled integral dental unit, light cure
units, ultra violet chamber, glass bead sterilizer, s.s. vertical autoclaves
and microscopes. These equipment provide various functions ranging from
sterilization of instruments to operating procedures and all dental health
related functions. Useful in both diagnostic and surgical procedures these
equipments have eased operations for dentists in a major way.
Their dynamic organization has grown by leaps and bounds under the able
guidance of Mr. Vikas Banga an expert in the technique of manufacturing
dental equipments. A qualified engineer he has the requisite training and
experience in the production of dental clinical equipment.
Their Products:
Their vast spectrum of products encompasses varied functions
in dental health care. They manufacture a wide range of equipment to facilitate
operational simplicity for dentists and all related professionals. The dental
equipment provided by them includes :
- Electrical
Dental Chair
- Pantographic
Dental Chair
- Programmable
Dental Chair
- Computer
Controlled Integral Dental Chair
- Dental X-Ray
Machines
- Woodpecker
Ultrasonic Scaler
- Dental
Microscopes
- Glass Bead
Sterilizers
- UV
Sterilizers
- Vertical
Autoclave
- Light Cure
Units
- Dental Oil
Free Air Compressors
The main characteristics of their dental equipment are :
- Light weight
- Ergonomically
designed
- Easy to use
- Safe in
handling
- Low
maintenance
Sectors They Cater to:
Their ergonomically designed and technically advanced dental
equipment find favor with dental health professional around the world. Some of
the establishments where their equipment finds application are:
- Hospitals
- Dental clinics
- Medical institutions
Manufacturing Facility:
They have a state of the art production facility for
manufacturing the high performance dental equipment supplied by them. The high
quality of their products is the result of their high tech machinery which has
the capability to mass produce the products so they can cater to orders from
their clients in the specific time frame. Some of the sophisticated machinery
installed at their manufacturing facility is :
- Bending machines
- Punching machines
- Cutting machines
- Drilling machines
- Tapping machines
Customization:
The category of dental equipment they manufacture and supply
to dental healthcare professional around the world are based on the specific
requirements of their clients. They provide medical equipment to meet
particular requirements of their clients therefore clients are provided with
custom made solutions offered by their team of knowledgeable professionals who
are well versed with dental equipment requirements.
The ability to tailor the equipment to suit the variety of applications
required by dental professional has enabled them to acquire a prominent
presence in this field.
Their Team:
Their team of professionals consists of expert professional
in the field of medical sciences, particularly dental science, and engineering.
Each member of their workforce is proficient in their task and performs their
tasks with complete sincerity and responsibility.
The professionals employed in their organization are fully conversant with all
aspects of medical instruments and their technicalities. They are a dedicated
group who constantly strive to increase productivity in all ways possible.
Client Satisfaction:
Their main endeavor in manufacturing the dental equipment is
to provide complete customer satisfaction. To achieve this objective they
strive to manufacture high performance equipment and supply it to their clients
in the stipulated time frame all the while trying to keep the cost effective
aspect intact.
When their customers utilize their equipment they can be assured of the
superior quality of the products and the functional ease is an added benefit
for all their clients as all their dental equipment is ergonomically designed.
This commitment to quality has assured them of a worldwide clientele for their
dental equipment and they are rapidly expanding their customer base to include
more satisfied users.
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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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 |
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 |
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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46 |
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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