MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
PARTH ENGINEERS AND CONSULTANT |
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Registered Office : |
Plot No. C-1/4519, Phase – IV GIDC, Vatva – 382 445, Ahmedabad, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMP03107G |
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PAN No.: [Permanent
Account No.] |
AACFP1703B |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers of Pharmaceutical Machinery and Equipments. |
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 3600 |
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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 well-established concern having satisfactory track. Trade
relations are fair. General Financial position is satisfactory. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Plot No. C-1/4519, Phase – IV GIDC, Vatva – 382 445, Ahmedabad, |
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Tel. No.: |
91-79-25841154/55 |
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Mobile No.: |
91-9825015826 |
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Fax No.: |
91-79-25841155 |
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E-Mail : |
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Website : |
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Area : |
8000 Sq. fts. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Arvind Mewada |
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Designation : |
Partner |
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Date of Birth/Age : |
39 years |
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Qualification : |
Engineer |
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Name : |
Mr. Dharampalsinh Raulji |
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Designation : |
Partner |
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Date of Birth/Age : |
37 years |
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Qualification : |
Draftsmen Mechanical |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Pharmaceutical Machinery and Equipments. |
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Products : |
v
Washing Machine v
Capping Machine v
Filling Machine v
Inspection Machine v
Labeling Machine v
Packing Machine v
Other Machine Parts |
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Exports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
L/C, Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
v
Formulation Packagers v
Manufacturers |
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No. of Employees : |
20 |
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Bankers : |
© Dena Bank Vatva, Ahmedabad, © HDFC Bank Maninagar, Ahmedabad, |
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Facilities : |
- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Ramesh Shah Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.900 million |
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Borrowed : |
- |
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Total : |
Rs. 0.900 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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9.000 |
Expected Sales (2007-08) : Rs. 15.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References
N K Pharma Industries,
Ahmedabad,
Dr. Reddy’s
Pharmaceuticals
Quality Pharmaceuticals
Website details attached:
Subject is one of the leading manufacturer and exporter of Pharmaceutical Machinery and Equipment required for pharma production and packaging since 1995. Pharmaceutical Machine and Equipment are thriving on efficient leadership, engineering excellence, and cutting Edge technology.
The company is located in industrial area of very well developed city Ahmedabad
in
Their wide range of pharmaceutical
machinery includes Washing Machine, Liquid Filling Machine, Powder Filling Machine, Cap Sealing Machine, Liquid Sealing Machine,
Capsule Filling Machines, Capping Machine, Inspection Machine, Tablet
Press Machine, Labelling Machine, Packaging Machines and Other Pharma Machinery Parts.
Parth Engineers & Consultant has expertise in designing and manufacturing machineries for industries such as Pharmaceutical, Distilleries & Beverages, Dairy and Chemical industries. The company also manufactures machineries such as Filling with Crown Corking Machine, Automatic Crimping for Nose Spray, Injectables Powder Filling-Stoppering- Cap Sealing/ROPP Cap Sealing etc.
They offer pharmaceutical machineries having unmatched quality of international standards. They have well-experienced team of professional people. With rich experiences in manufacturing pharmaceutical machineries, the company has established long-term business relations with domestic and international customers.
Their aim is to provide world-class products by continually improving quality using innovative technology. By supplying highest quality products and utmost customer services, they have acquired the trust, support and assurance of their worldwide clients.
They also offer pharmaceutical machines and equipments as per specific requirement
Products
ROTARY BOTTLE WASHING MACHINE
Technical
Specification
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Output/Minute |
60 to 100
bottles |
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Capacity |
30ml to
250ml (With the help of change parts) |
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Electrical
Rating |
1.00 HP |
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Power required |
415 volts, 3
phase, 50 H |
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Dimensions |
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Input
specifications |
Container Diameter |
25mm to 100mm |
Salient Features
- Easy operation
- Three inner, one outer and one air wash
- Sequence of washes as per customers
need
- Stationary nozzles eliminate
contamination of water cycles
- Easy loading and unloading with two
rows
- Individual solenoid valve for each wash
sequence
- Higher capacity centrifugal pumps to
wash bigger bottles (500 & 1000ml)
- Pumps and tanks are mounted on portable
stand for easy maintenance
- Bottle guide system specially for light
weight bottle
AUTOMATIC
MULTIHEAD ROPP CAP SEALING MACHINE & SCREW CAPPING MACHINE
Technical Specification
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Single Head |
Four Head |
Six Head |
Eight Head |
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Output/Hour |
3600/Hour |
6000/Hour |
9000/Hour |
12000/Hour |
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Electrical Rating |
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- Main Motor |
1.00 H.P. |
1.50 H.P. |
1.50 H.P. |
2.00 HP |
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Synchronized |
Synchronized |
Synchronized |
Synchronized |
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0.25 H.P. |
0.50 H.P. |
0.50 H.P. |
0.50 H.P. |
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Power required |
440 Volts, 50
Hz & 220 Volts, 50 Hz. |
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Dimensions (in
mm) |
1500 L x 800 W x 1700 H (for Single Head Machine) |
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Conveyor Height |
780mm to 860mm adjustable |
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Input specifications |
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- Container size |
22mm to 80mm diameter |
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- ROPP Cap diameter |
22mm to 56mm with the help of change parts |
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Salient Features
- No container no cap arrangement
- Single motor synchronizes conveyor,
star wheel and platform turret
- Adjustable height of conveyor belt
- All contract parts are made out of
Stainless Steel
- Sealing pressure can be varied to suit
different gauges and size of caps
- No Cap –Machine stops
CMT REPORT (Corruption, Money Laundering & 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. 41.18 |
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1 |
Rs. 82.41 |
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Euro |
1 |
Rs. 55.85 |
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 |
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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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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