MIRA
INFORM REPORT
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Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
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Name : |
DMT INTERNATIONAL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
2007 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
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Legal Form : |
Sole Proprietory concern |
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Line of Business : |
Indenting and Trading of Chemicals, Petro Chemicals and Plastics,
Polymner and Machinery. |
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No. of Employees : |
10 (Approximately) ( In Office ) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 20000 |
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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 an established Proprietory Concern having satisfactory
track. The concern is doing well. Trade relations are reported as fair. Business
is active. Payments are reported usually correct and as per commitments. The concern can be considered normal for business dealings at usual
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Deepak Shidhaye |
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Designation : |
Proprietor |
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Contact no.: |
91-22-40123275 |
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Date : |
08.02.2012 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-22-40123275/25896148 |
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Fax No.: |
91-22-40126148 |
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E-Mail : |
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Website : |
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Area : |
305 Sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Deepak V. Shidhaye |
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Designation : |
Proprietor |
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Qualification : |
M. Sc., MBA |
BUSINESS DETAILS
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Line of Business : |
Indenting and Trading of Chemicals, Petro Chemicals and Plastics,
Polymer and Machinery. |
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Products : |
Chemical
Division : ·
Petrochemicals : Di Methyl Terephthalate
(DMT), Pure Terephthlic Acid (PTA), o-Xylene, m-Xylene, p-Xylene, Phenol. ·
Acrylates : Acrylic Acid
(AA), Butyl Acrylate (BA), 2Ethyl Hexyl Acrylate (2EHA), Poly Methyl Metha
Acryalate (PMMA), Ethyl Acrylate (EA) ·
Chemical
Intermediates : Phthalic Ahydride (PA), Maleic Anhydirde(MA), Iso Phthalic Acid(IPA),
Epichlorohydrine (ECH), Bis –Phenol A, TDI 80/20, PT, OT, PTBP, OTBP. ·
Solvents : Acetone, Iso
Propyl Alcohol (IPA), Dimethyl Formamide (DMF), Methyl Iso Butyl
Ketone(MIBK), Methyl Ethyl Ketone (MEK) ·
Oleo Chemicals : Refined
Glycerine Min 99.5% USP Grade, Soap Noodles 80/20 ·
Inorganic
Chemicals: Phosphoric Acid 85% Tech. Grade, Soda Ash Light, Sodium Gluconate
(S.G), Sodium Ligno Sulphonate (SLS), SNF. ·
Organics
Chemicals and Acids: N Butanol, Iso – Butanol, Glacial Acetic Acid. ·
Spot Offers: Propylene
Glycol (PG) , Dioctyl Phthalate (DOP), Methanol, Toluene. Plastics
Division : ·
PVC : Film, Pipe,
Fitting ·
LDPE : Film,
Injection, Coating ·
LLDPE : Film,
Injection, R.M. ·
HDPE : Film, Blow, Injection,
Pipe ·
EVA 18%, 28% : Film, Foam,
Hotmelt Adhesive ·
ABS, SAN, PS,
HIPS : Injection Moulding ·
PET Chips : Preform and
Bottle for Mineral Water and Aerated Drinks ·
Polycarbonate : Injection and
Blow Moulding. A. Plastics
Machinery Division : ·
Injection
Moulding : 50 Tons to 4500 Tons ·
Blow Molding : 100 ml to 200 liters ·
Extrusion : Single Layer and Multi Layer Films ·
Pet Preform and
Bottle Manufacturing ·
Thermoforming. B. Robotics : Pick and Place
and Entire Automation. C. Quick Die
Change System: Instant Mold Change D. E-Geyser
System: Quick Heat and Cool Mold Controller E. Ancillary
Equipment: Dryer, De-humidifiers, Mixer, Grinders, Chillers etc. |
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Imports : |
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Products : |
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Countries : |
·
Korea ·
Taiwan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
·
B. R. Corporations |
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Customers : |
Wholesalers and End Users ·
Elantes Beck India Limited |
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No. of Employees : |
10 (Approximately) ( In Office ) |
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Bankers : |
Bank of India, Panchpakadi, Thane, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gokhale Associates Chartered Accountants |
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Address : |
Vashi, Navi Mumbai, |
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Membership : |
Basic Chemicals, Pharmaceuticals and
Cosmetics Export Promotion Council (CHEMEXCIL) |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs.5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.5.000
Millions |
FINANCIAL DATA
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
600.000 |
500.000 |
250.000 |
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(They
increase their products) |
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Expected Sales(2011-2012) : Rs.700.000 Millions
The above information has been parted by Mr. Deepak Shithaye.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
No |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
Trade references:
· Elantes Beck India Limited
· B. R. Corporations
CMT REPORT (Corruption, Money Laundering and Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.49.29 |
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1 |
Rs.78.10 |
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Euro |
1 |
Rs.65.59 |
SCORE and 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 |
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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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 and 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 |
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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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.