MIRA
INFORM REPORT
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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJKART ENTERPRISES |
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Registered Office : |
389, Arcot Road, Kodambakkam, Chennai – 600024, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1985 |
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Legal Form : |
Private Limited Liability Company Proprietory Concern |
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Line of Business : |
Manufacturer of Carbon Rigs, Bush and Brush |
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 150 |
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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 a small concern in its field. Trade relations are fair. 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. Raj kumar |
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Designation : |
Account Manager |
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Contact No.: |
91-44-24811066 |
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Date : |
27.08.2008 |
LOCATIONS
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Registered Office/Factory/Warehouse : |
389, Arcot Road, Kodambakkam, Chennai – 600024, Tamilnadu |
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Tel. No.: |
91-44-24811066/55440446 |
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Mobile No.: |
91-9884033519 |
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Fax. No.: |
91-44-24811066 |
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E-Mail : |
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Area : |
1500 Sq. ft |
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Location : |
Rented |
PRIVATE LIMITED LIABILITY
COMPANY PROPRIETOR
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Name : |
Mr. P B Rajsekhar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
07.11.1961 |
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Qualification : |
B.E. |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Carbon Rigs, Bush and Brush |
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Products : |
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Exports : |
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Products : |
Carbon Rings, Brush and Bush |
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Countries : |
Sri Lanka |
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Terms : |
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Selling : |
Cash and Credit 10 to 60 days |
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Purchasing : |
Cash and Credit 60 to 90 days |
GENERAL INFORMATION
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Customers : |
Retailers and OEM’S
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No. of Employees : |
7 |
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Bankers : |
Canara Bank, K H Road, Chennai, Tamilnadu |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Gopal Nair and Surbramaniyam and Company Chartered Accountant |
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Address : |
T. Nagar, Chennai, Tamilnadu |
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Associates/Subsidiaries : |
Rajpriya Associates Address – 389, Arcotroad, Kodambakkam, Chennai – 600024, Tamilnadu Line of Business – Labour Jobworks Raj Keerth Aemathic and Bioteck Private Limited Liability Company
Limited Address – 389, Arcotroad, Kodambakkam, Chennai – 600024, Tamilnadu Line of Business – Essential Oil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.030 Million |
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Borrowed : |
-- |
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Total : |
Rs. 0.030 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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3.200 |
Expected Sales (2008-09) : Rs. 4.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Veekarej Appliance
v VCP India Limited
v Gandhi Mathi
Appliance
v Malayala Morama
Company Limited
Trustseal Acceptance Chart
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Existence Verification |
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Name |
RAJKART ENTERPRISES |
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Address |
Old No. 19, New No. 14, Pasumarthy Street, Rangarajapuram,
Kodambakkam, Chennai – 600 024, Tamilnadu, India. |
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2nd address |
389, Arcot Road, Kodambakkam, Chennai – 600024, Tamilnadu, India. |
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Tel. Number: |
91-44-24811066/65440446/24723826/ 91-9884033519 |
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Fax Number: |
91-44-24811066 |
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Electricity Bill |
225-001-622 and 225-001-736 |
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Statutory Approvals |
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Legal Status of Firm |
Sole Proprietory Concern |
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Income Tax Registration |
AADPR6870Q |
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Central Sales Tax Registration |
695982 Dt. 05.06.1997 |
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State Sales Tax Registration |
1401766/97-98 |
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VAT/ TIN Registration |
33221401766 |
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Import Export Code |
517870034 |
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Name of Bank |
Canara Bank, K H Road, Chennai, Tamilnadu |
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Current Account Number |
2143201002520 |
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Account Since |
15 Years |
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Company ESI Reg. Number |
51-78699-67 |
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Credibility Factors |
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IndiaMART Client Since |
3 Years |
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Years of Establishment |
1985 |
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Trade Affiliations |
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SSI Registration |
180725951PMT SSI dated 21.08.1985 |
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Standards & Certifications |
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Quality Management Systems |
ISO-9001-200 |
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Safety Certificates |
Fire Extinguishers |
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Product Certificates |
ISO Certificates No. 9001 : 2000 |
AS PER WEBSITE DETAILS
Profile
The organization was established in 1984 by Mr. P.B. Rajshekhar who is an experienced entrepreneur. He
has worked with renowned companies in India including Chemplast, Reliance and
IGP.
Their company is situated in a centrally located area which is easily
accessible from any part of the city. They use superior quality raw material
procured from the leading vendors.
Pioneer approach, precision to detail, in depth knowledge about the industrial
procedures, flexibility in company operations, all these are involved in
carrying forth their business objective. Their organization is backed with
experienced and technical experts, who remain abreast with the modern business
activities and latest manufacturing techniques.
Products
They offer their esteemed customers with an extensive range of carbon
products used in varied industries. They use carbon blocks, copper terminals,
copper wires, springs, copper powder, rivets and sleeves to manufacture their
wide array of products. Their spectrum of quality products include carbon
brushes, carbon seals, carbon vanes, industrial brush, mixer seals, dimmer
brush, power tool carbon brush and total carbon V. Their products are renowned
in the global market due to the following features:
Strength and Robustness
Low resistance
Suitable for machines that require some polishing action
Infrastructure
They have sound manufacturing set up and a production unit which is
armed with the latest equipment in the market. They maintain their machinery at
par with the ultra modern technological changes. Their manufacturing unit is
spread on an area of 1500 sq ft and their production capacity is 2,00,000 units
per month.
Quality Testing
The company is ISO 9001:2000
certified organization and hence they produce their products conforming to the
standards of ISO. They have stringent quality investing team which ensures the
quality of the products. The raw materials for the manufacturing process are
thoroughly inspected and only those products which pass these strict quality
norms are sent to the market. They have been able to achieve complete customer
satisfaction with the help of their superior quality products.
Customization - Production & Packaging
They strive to satisfy the requirements of their customers by providing
them customized solution. They invite the requirements of their clients so that
they can provide them with the desired product in the required specifications.
They tailor made the products to meet the demands of the global customers. They
endeavor to support their customers in every possible way and hence they offer
them specialized packing services. They use export quality packaging material
for consignment packaging
Warehousing
Their warehouse is a vital characteristic of their unit which has high
storing capacity. Great emphasis is laid on the cleanliness of the store house.
They make sure that the warehouse is well ventilated and has sufficient light.
Their warehouse is technically designed and is fully automated which ensures
the quality of the stored products.
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.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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 |
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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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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