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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

502540

Report Date :

06.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DYNAMIC TECHNOLOGY SYSTEMS

 

 

Registered Office :

20, Kanara House, Mogul Lane, Mahim, Mumbai – 400016, Maharashtra

Mobile No.:

91- 22-24364748/ 24325906

 

 

Country :

India

 

 

Financials (as on) :

31.03.2018

 

 

Date of Establishment :

01.01.2009

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

[Import-Export Code No.]

0308075927

 

 

TIN No.:

27705278206

 

 

GST No.:

27AAGFD4809C1ZQ

 

 

PAN No.:

[Permanent Account No.]

AAGFD4809C

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Trader, Importer and Distributor of Testing Equipments, Research Material Products, etc. [Confirmed by Management]

 

 

No. of Employees :

25 [Approximately]

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a partnership firm established in the year 2009 and it is a trader, importer and distributor of testing equipment and research material products.

 

Ms. Sandhya (Senior Accountant) has provided information and she claimed that the subject has achieved a sales turnover of INR 100.000 million in the FY 2018 and INR 90.000 million in the FY 2017. However, the figures are not verified.

 

Rating takes into consideration the subject’s satisfactory track record of business operations and sound sales turnover profile

 

Payments seems to be usually correct.

 

In view of aforesaid, the subject can be considered 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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 06.04.2018

 

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

 

INFORMATION PARTED BY

 

Name :

Ms. Sandhya

Designation :

Senior Accountant

Contact No.:

91-22-24364748

 

 

LOCATIONS

 

Registered Office :

20, Kanara House, Mogul Lane, Mahim, Mumbai – 400016, Maharashtra, India

Tel. No.:

91- 22-24364748/ 24325906

Mobile No.:

91-9987211700 [Mr. Bishansingh Bhandari]

Fax No.:

Not Available

E-Mail :

mumbai@dts-india.com

info@dts-india.com

Website :

www.dts-india.com

Location :

Rented

Locality :

Commercial

 

 

Corporate Office :

204, Jagruti Industrial Estate, Mogul Lane, Mahim (West), Mumbai – 400016, Maharashtra, India

 

 

Branch Office/ Warehouse :

Plot No.21, Aastha Township Behind SRP Camp, Jamnagar Road, Ghateshwar, Rajkot-360006, Gujarat, India

Locality:

Rented

 

 

PARTNERS

 

Name :

Mrs. Vipula Nadkarni

Designation :

Partner

Address :

20, Kanara House, Mogul Lane, Mahim, Mumbai – 400016, Maharashtra, India

Date of Birth/Age :

09.07.1971

 

 

Name :

Mr. Suyash Nadkarni

Designation :

Partner

Address :

20, Kanara House, Mogul Lane, Mahim, Mumbai – 400016, Maharashtra, India

Date of Birth/Age :

13.06.1968

Qualification :

B.E. Production Engg. MBA

 

 

KEY EXECUTIVES

 

Name :

Ms. Sandhya

Designation :

Senior Accountant

 

 

BUSINESS DETAILS

 

Line of Business :

Trader, Importer and Distributor of Testing Equipments, Research Material Products, etc. [Confirmed by Management]

 

 

Products/ Services :

·         Testing Equipments

·         Research Material Products, etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

·         Bruker Elemental GMBH, Germany

·         Thermo Scientific Portable Analytical Instruments Inc., USA

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Raw Material

Countries :

Sri Lanka

 

 

Terms :

 

Selling :

Advance Payment, L/C, Cheque and Credit [30 Days]

 

 

Purchasing :

Advance Payment, L/C, Cheque and Credit [30 Days]

 

 

GENERAL INFORMATION

 

Suppliers :

·         Bruker Elemental GMBH, Germany

·         Thermo Scientific Portable Analytical Instrument Inc., USA

·         Optimal Instrument GMBH, Germany

·         Dynamic Systems Inc., USA

 

 

Customers :

Wholesalers, Retailers, Manufacturer and End Users

 

Reference :

HEM Industries

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Parmount PMI Services

9/604, Vastu Anand, Parsik Nagar, Kharegaon, Kalwa West, Thane, Mumbai, Maharashtra, India

 

  • Elca Quality Systems and Calibrations

S. No. 232/2, Pune-Nashik Road, Opposites rubee co-operative bank, Bhosari, Pune, Maharashtra, India

 

  • Metflow Cast Private Limited

Sr. No. 79, Near Goldcion Foam, NH 27, Village Shaper, District Rajkot, Gujarat, India

 

 

No. of Employees :

25 [Approximately]

 

 

Bankers :

Bank Name:

Bank of Baroda

Branch:

8, B Road, Mahim Mumbai-400016, Maharashtra, India

Person Name (with Designation):

--

Contact Number:

91-22-24377423 [Ringing]

Name of Account Holder:

DYNAMIC TECHNOLOGY SYSTEMS

Account Number:

06160200000099 [Not confirmed with Banker]

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit [Not confirmed with Banker]

Account Operation:

--

Remarks:

--

 

·         HDFC Bank Limited

 

Auditors :

 

Name :

S.S. Deshpande and Company

Chartered Accountants

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

PARTICULARS

 

31.03.2018

31.03.2017

31.03.2016

Sales Turnover (Approximately)

100.00

90.000

90.000

 

 

 

 

 

The above information has been parted by Ms. Sandhya [Senior Accountant]

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2016

31.03.2017

31.03.2018

 

INR In Million

INR In Million

INR In Million

Sales

90.000

90.000

100.000

 

 

0.000

11.111

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last two years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

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

INR

US Dollar

1

INR 65.02

UK Pound

1

INR 91.49

Euro

1

INR 79.79

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

KJL

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

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.