MIRA INFORM REPORT

 

 

Report Date :

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

DADHI VALA MANUFACTURERS AND CONSULTANTS PRIVATE LIMITED

 

 

Registered Office :

Plot No. D 889, St. No.13, Wazirabad Road, Ashok Nagar, New Delhi – 110 093

 

 

Country :

India

 

 

Date of Incorporation :

22.10.1999

 

 

Com. Reg. No.:

55-102116

 

 

Capital Investment / Paid-up Capital :

Rs.0.020 million

 

 

CIN No.:

[Company Identification No.]

U74140DL1999PTC102116

 

 

IEC No.:

0501045813

 

 

TIN No. :

07600207722

 

 

PAN No.:

[Permanent Account No.]

ABEPS6695L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Hot Dip Galvanizing Plant, Galvanizing Plants, Pipe Galvanizing Plants, Tube Galvanizing Plants, Structure and Scaffolding Galvanizing Plants, Tor Galvanizing Plants, Tube Mill, Eot Crane, Chemical Processing Plant, Pipes and Tubes for Galvanizing Plants.

 

 

No. of Employees :

35 [Approximately]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C (12)

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

 

Comments :

As per government, the status of the company is shown as ‘Dormant’. The management has not filed the financials of the company with the government departments since its inception.

 

However, business of the company is active. Payment terms are unknown.

 

Initially, the company can be considered for business dealings on a safe and secured trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – April 1, 2010

 

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INFORMATION PARTED BY

 

Name :

Mr. D N Singh

Designation :

Manager

Contact No.:

91-9810139804

Date :

02.06.2011

 

 

LOCATIONS

 

Registered Office :

Plot No. D 889, St. No.13, Wazirabad Road, Ashok Nagar, New Delhi – 110 093, India 

Tel. No.:

91-11-22803800

Mobile No. :

91-9810139804 [Mr. D N Singh]

Fax No.:

91-11-22803800

E-Mail :

info@dashivala.com

Website :

www.dadhivala.com

Area :

3000 sq ft

Location :

Owned

 

 

Factory :

A 1/ 31, K.No.2/ 16, Sawdhan, Mandawali Road, New Delhi – 110 093, India

Area :

7000 sq ft (Approximately)

Location :

Owned

 

 

DIRECTORS

 

Name :

Mr. Mahinder Kumar Sharma

Designation :

Director

Address :

D – 34 A, Nai Basti, West Jyoti Nagar, Shahdara Delhi – 110 094, India

Date of Birth/Age :

50 Years

Qualification :

Graduate

Experience :

25 Years

Date of Appointment :

22.10.1999

 

 

Name :

Mrs. Anita Singh

Designation :

Director

Address :

F – 31, East Jyoti Nagar, Shahdara Delhi – 110 093, India

Date of Birth/Age :

47 Years

Date of Appointment :

22.10.1999

 

 

KEY EXECUTIVES

 

Name :

Mr. Vaibhav Singh

Designation :

Chief Executive Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2000

 

Names of Shareholders

 

No. of Shares

 

Mahinder Kumar Sharma

 

100

Anita Singh

 

100

Total

 

200

 

As on 29.09.2000

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Hot Dip Galvanizing Plant, Galvanizing Plants, Pipe Galvanizing Plants, Tube Galvanizing Plants, Structure and Scaffolding Galvanizing Plants, Tor Galvanizing Plants, Tube Mill, Eot Crane, Chemical Processing Plant, Pipes and Tubes for Galvanizing Plants.

 

 

Products :

·         Pipe Galvanizing Plants

·         Tube Galvanizing Plants

·         Structure and Scaffolding Galvanizing Plant

·         Tor Galvanizing Plants

 

 

Exports :

 

Products :

Galvanizing Plants Pipe and Tube Galvanizing Plants, etc

Countries :
  • Middle East

 

 

Terms:

 

Selling :

L/C, Cash and Credit (30 days)

 

 

Purchasing :

Cash and Credit (30 days)

 

PRODUCTION STATUS

Capacity to increase production:

30%

 

 

 

 

GENERAL INFORMATION

 

Customers :

Retailers

 

  • Vallabh Steels Limited
  • Kashmir Tube Limited
  • Nav Bharat Steel Tubes Limited
  • G.C. Strips Limited
  • Advance Steel Tubes
  • Hi Tech Pipes Limited
  • Super Gold Pipe Private Limited
  • Saravariya Pipes (Private) Limited
  • Nidhi Pipes Limited
  • Paragon Innvaders and Infrastructures and Developers Private Limited
  • Munish Forge Private Limited
  • Tirupati Structures (Unit of Advance Steel)
  • Harso Steel Pipes
  • Ambuja Pipe Limited
  • Bhusan Power and Steels Private Limited
  • B.M.W. Industries
  • Baba Strips and Tubes Private Limited
  • Masteq Technologies Private Limited
  • Mahabeer Steels Rolling Mills
  • Sadha Shiv Structure
  • Rawal Wasia Udyog Limited
  • Laxmi Metal Udyog Limited
  • Bhawani Industries

 

INTERNATIONAL CLIENTS:

  • Universal Tubes and Plastic Ind. Limited, UAE
  • KHK Scaffoldings Limited, UAE
  • Juma Fadil Industries Company Limited, UAE
  • Hunt Technology, UAE
  • British Scaffoldings Limited, Russia
  • Sun Industries, Nepal
  • Mittal International, Bangladesh

 

 

No. of Employees :

35 [Approximately]

 

 

Bankers :

Vijaya Bank, Loni Road, Shahdara, Delhi

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name:

V.K. Arora

Chartered Accountants

Address :

Delhi

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

1000

Equity Shares

Rs.100/- each

Rs.0.100 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

200

Equity Shares

Rs.100/- each

Rs.0.020 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Sales Turnover (Approximately)

12.500

50.000

30.000

 

The above information has been parted by Mr. D. N. Sing [Manager].

 

·         As per ROC web site the company in unlisted

·         As per Mr. D. N. Singh company is going to deposit necessary papers B/S etc very soon in ROC.

 

SUMMARISED RESULTS

 

PARTICULARS

 

 

 

31.03.2008

Share Capital

 

 

0.020

Reserves & Surplus

 

 

0.013

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.046

 

 

 

 

Inventories

 

 

3.979

Sundry Debtors

 

 

0.607

Cash & Bank Balances

 

 

0.016

 

 

 

 

Current Liabilities

 

 

1.910

Provisions

 

 

2.605

 

 

 

 

Sales Turnover

 

 

13.346

 

 

 

 

Net Profit

 

 

0.013

 

 

 

 

Expenditures :

 

 

 

 

Cost of Goods Sold

 

 

12.973

 

Salary & Wages

 

 

0.079

 

Depreciation & Amortization

 

 

0.009

 

Director Fee

 

 

0.024

 

Diwali Expenses

 

 

0.012

 

Electrical Expenses

 

 

0.036

 

Interest

 

 

0.033

 

Other Expenditure

 

 

0.167

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

FIXED ASSETS:

 

  • Machine
  • Furniture

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.05

UK Pound

1

Rs.71.88

Euro

1

Rs.64.34

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.