MIRA
INFORM REPORT
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Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CEMACH MACHINERIES LIMITED |
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Registered Office : |
56/A/4, Phase – 1, Near Bank of India, GIDC Vatva, Ahmedabad – 382445,
Gujarat |
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Country : |
India |
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Date of Incorporation : |
27.02.2007 |
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Com. Reg. No.: |
050104 |
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CIN No.: [Company
Identification No.] |
U29297GJ2007PLC050104 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMC02478A |
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PAN No.: [Permanent
Account No.] |
AADCC0186B |
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Legal Form : |
Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of pharma machines and equipments for small
scale production and pilot production |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company but seems to be doing good business. Trade relations
are fair. Payments are reported as usually correct and as per commitments. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
56/A/4, Phase – 1, Near Bank of India, GIDC Vatva, Ahmedabad – 382445,
Gujarat, India |
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Tel. No.: |
91-79-25895400/25898806/7/8/9 |
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Mobile No.: |
91-9825015514/9898247777 |
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Fax No.: |
91-79-25891600 |
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E-Mail : |
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Corporate Office : |
10/3, Phase I, Vatva Railway Crossing, Behind M.P.Industries,Vatva, Ahmedabad
– 382445, Gujarat, India |
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Tel. No.: |
91-79-25895400/25898806/7/8/9 |
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Fax No.: |
91-79-25891600 |
DIRECTORS
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Name : |
Mrs. Smitaben Jayesh Khambhayata |
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Designation : |
Director |
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Address : |
2, Path Bunglows, B/h. Ammapurna Restaurant, Opp.Vasudev Bunglows,
Trikampura, Jasodanagar, Ahmedabad – 382445, India |
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Name : |
Mr. Jayesh Amrutlal Khambhayata |
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Designation : |
Director |
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Address : |
2, Path Bunglows, B/h. Ammapurna Restaurant, Opp.Vasudev Bunglows,
Trikampura, Jasodanagar, Ahmedabad – 382445, India |
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Name : |
Mr. Ashishkumar Ambalal Vankar |
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Designation : |
Director |
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Address : |
A-10, Ambalal Society, Opp. CNC Odhav, Ahmedabad – 382415, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Jayesh Amrutlal Khambhayata |
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24500 |
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Mrs. Smitaben Jayesh Khambhayata |
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75000 |
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Mr. Amit Hansukhlal Shankheshwaria |
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100 |
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Mr. Ajay Himmatbhai Dasadiya |
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100 |
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Mr. Vijay Vrajlal Serasiya |
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100 |
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Mr. Hasmukh Janakray Dholakiya |
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100 |
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Mr. Ashishkumar Ambalal Vankar |
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100 |
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Total |
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100000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of pharma machines and equipments for small
scale production and pilot production |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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GENERAL
INFORMATION
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No. of Employees : |
120 |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity shares |
Rs.10/- each |
Rs.1.000
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Website details:
Subject is manufacturer and exporters of pharmaceutical
machines, Tablet Press Machine, Roll Compactor Machine, Tablet Deduster
Machine, Dust Extractor Machine, Colloid Mill Machine, R and D equipments,
Tablet Dies and Punches for Tablet Compression Machine etc. They manufacture
the Pharma Machines and equipments for small scale production and pilot
production. Their complete Special Purpose Machines operations achieve
uniformity and repeat accuracy of all the Punches and Dies as per the
International Standards. High quality material, high quality manufacturing and
testing and gaining customer's faith, today CEMACH has tremendously embossed
it's image as a market trend setter.
ROOTS
Subject had laid it’s foundation stone before almost 20
years with a clear vision “to be the best solution provider in tablet tooling
technologies”. A technocrat dedicatedly started catering pharmaceutical
industries in mid 80s andgrown high as a renowned multi function pharma
equipment supplier in India.
Understanding the market scenario, adhering own quality
standards and gaining customer's faith, today Subject has tremendously embossed
it’s image as a market trend setter.
INFRASTRUCTURE
Subject is spread over the carpet of all most 2000 Sq. yards
in Ahmedabad-India, which is undoubtedly the best locality of engineering
industries.
State of art manufacturing facility of Subject is specially
designed, arranged and equipped by aiming a large volume of quality tablet
tooling.
Multi divisional manufacturing shop are divided into various
sections like:
Raw material stores with in house testing facility.
Turning shop equipped with latest CNC machines.
Heat treatment shop with oil , electrical and induction
furnaces.
Profile and Master shop with latest equipments to create
tablet shape.
Grinding and Finishing shop with fully automatic grinding,
lapping and honing equipments.
Q.C. department with fully all latest measuring instruments
and finished material stores for crating and storage of ready products.
Using Ultra Modern Infrastructure subject is feeding any
tablet tooling need with the highest quality and fastest delivery
Subject has drawn it’s own quality standards to produce
internationally acceptable products. Using precise instruments and advance
methods of inline and final inspection as well as stringent quality control
system, subject is assuring for the
richness of product quality. This ensures highest workmanship of all the
products which proves their cost effectiveness.
CUSTOMER
CARE :
Subject has adopted a comprehensive strategy for the entire
satisfaction of each customer. Being a valued asset, customers are always
treated on top priority during any stage of the process.
With these round the clock services Subject has gained real
trust of a host of renowned clients in and out the border.
The subject laid their foundation stone 20 years back, with a clear vision
“to be the best solution provider in tablet tooling technologies”. With their
holistic approach to customer service and quality management, they have grown
considerably in these years to establish their selves as one of the most
competitive manufacturers and exporters of Pharmaceutical Machineries such
as Tableting Machine, High Speed Tablet Press Machine, Roll Compactor Machine,
Punches and Dies, Tablet De-Burring and De-Dusting Machine, Elevating Type
De-Burring and De-Dusting Machine, Dust Extractor Machine, Colloid Mill
Machine, etc. They endeavor to meet the specific requirements of their clients
to ensure maximum degree of customer satisfaction resulting in worldwide
customer base. Theirpro-active services offered by their team of diligent and
talented professional has led to the expansion and growth of their company.
Understanding the market scenario, adhering to own quality standards and
gaining customer's faith, we have tremendously embossed their image as a market
trendsetter.
Product Range
They offer a wide and comprehensive range of products to the
customers, which include:
- Heavy Duty Single Sided Rotary Tableting Machine 16 Stn./20
Station, "D" Tooling
- Heavy Duty Single Sided Rotary “BOLUS” Tableting Machine 12 Station
- Double Sided Rotary Tablet Press Machine 27D, 27B , 35B and 45BB
Station/Tooling
- Vega Press I Machine, 27D, 27B, 35B and 45BB Station/Tooling
- Vega Press II Machine 37D, 45B, 55BB and 61BB Station/Tooling
- Roll Compactor Machine {Model: 200/50 (W)/75 (W)/100 (W)/150 (W)}
- De-burring and De-Dusting Machine
- Elevating Type De-burring and De-Dusting Machine
- Dust Extractor Machine
- Colloid Mill Machine (Horizontal and Vertical Model)
- Tablet Tooling (Dies and Punches)
- Ceweka Multi Purpose R and D Equipment (as stated below)
Infrastructure
Their profound infrastructure is spread over a carpet of almost 2000 sq. yards
in Ahmedabad-India, which is undoubtedly the best locality for engineering
industries. Their state of art manufacturing facility is specially designed,
arranged and equipped by aiming a large volume of Quality High Speed Tablet
Press Machine, Roll Compactor Machine, Tablet Tooling, De-burring and
De-dusting Machine, Dust Extractor Machine, Colloid Mill Machine, etc. Their
multi divisional manufacturing shop are divided into various sections like:
- Raw material stores with in-house testing facility
- Turning shop equipped with latest CNC machines
- Heat treatment shop with oil, electrical and induction furnaces
- Profile and master shop with latest equipments to create tablet
shape
- Grinding and finishing shop with fully automatic grinding, lapping
and honing equipments
- Q.C. department with fully all latest measuring instruments and
finished material stores for crating and storage of ready products.
Backed by a team of astute and dexterous professionals,
advanced technology, cost down production techniques and streamlined production
process, they feed any tablet tooling need with the highest quality and fastest
delivery. They have a perfect combination of technology and manpower which
enables them to manufacture the best in the industry.
Impeccable Quality
Quality, performance and durability are the hallmark of
their products. They have drawn their own quality standards adhering to
national as well as international norms to produce internationally acceptable
products. Using precise instruments and advanced methods, they guarantee their esteemed
customers of the most reliable products. Their quality inspectors monitor each
and every production stage in order to ensure flawless manufacturing process.
Besides, they are constantly updating their machines to keep up with the
increasing industry needs and shorter turn around times.
Patron
Their ethical business practice, constant upgradation skills, excellent
transport facilities and optimum quality products and services have helped them
win the trust, confidence and assurance of worldwide customers. Today, they are
exporting their products to almost every corner of the world centered around
United States, Latin America, Middle East, Far East and African countries.
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 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.39.35 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.57.62 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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27 |
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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