MIRA
INFORM REPORT
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Report Date : |
26.12.2006 |
IDENTIFICATION
DETAILS
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Name : |
SIGNOUR
LAMINATES [INDIA] PRIVATE LIMITED |
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Registered Office : |
A – 33,
GIDC Electronic Estate, Sector – 25, Gandhinagar – 382025, Gujarat |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
29.04.2005 |
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Com. Reg. No.: |
04-45971 |
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CIN No.: [Company
Identification No.] |
U20299GJ2005PTC045971 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS11188C |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To carry
on in India or elsewhere the business to manufacture, process, treat, wash,
cut, turn to account, commercialize, season, design, develop, fabricate,
finish, manipulate, protect, and to act as agent, broker, contractor,
supplier, importer, exporter, buyer, seller, warehouses, trader, stockist,
distributor, vendor, jobworker, forester or otherwise to deal in all shapes,
sizes, forms, varieties, specifications, descriptions, dimensions of
hi-pressure laminates, laminated sheets, copper laminates, paper phenolic
laminates and composite laminates, laminate products including laminate logs,
billets, twigs, fagots, slices, laminates paving boxes, railway or tramway
sleepers, laminate in chips or particle, golf club shafts, drawn wood,
laminate flour, laminate tiles, laminate blocks, laminate sheets for plywood,
blackboard, laminiboard, bathenboard and similar laminated wood products,
reconstituted laminate, laminate frames, laminate doors, windows and similar
fittings, laminate hardware articles, laminate bodies, laminate boxes, trays,
ornaments and other fancy articles, etc, and other allied items, there parts,
fittings and accessories. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and has yet to establish track records. Trade relations are fair. No payment records are available. The company
can be considered for any business dealings on safe and secured trade terms
and conditions. |
LOCATIONS
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Registered Office/Factory : |
A –
33, GIDC Electronic Estate, Sector – 25, Gandhinagar – 382025, Gujarat, India |
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Tel. No.: |
91-79-23244701/23244699 |
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Fax No.: |
91-79-23244599 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr.
Kanaiyalal Jesangbhai Patel |
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Designation : |
Director
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Address : |
Plot
No. 693/1, Panchvati Park, Sector – 23, Gandhinagar – 382023, Gujarat, India |
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Date of Appointment : |
05.09.2005 |
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Name : |
Mr.
Robin Nilmoni Chowdhury |
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Designation : |
Director
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Address : |
106/1,
Sector – 28, Ch Type, Gandhinagar |
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Date of Appointment : |
29.04.2005 |
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Name : |
Mr.
Narshibhai Meghajibhai Meruliya |
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Designation : |
Director
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Address : |
9,
Gayatri Society, No. 5, Hariom Bunglow, Katargam Road, Katargam, Surat, Gujarat,
India |
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Date of Appointment : |
29.04.2005 |
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Name : |
Mr.
Ghanshyambhai Naranbhai Narola |
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Designation : |
Director |
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Address : |
9/A,
Bhagat Nagar Society, Behind ILA Park Society, Opposite Katargam, Surat,
Gujarat, India |
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Date of Appointment : |
29.04.2005 |
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Name : |
Mr.
Kanaiyalal Jesangbhai Patel |
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Designation : |
Director
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Address : |
Plot
No. 693/1, Panchvati Park, Sector – 23, Gandhinagar – 382023, Gujarat, India |
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Date of Appointment : |
29.04.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Robin Nilmoni Chowdhury |
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2500 |
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Mr.
Kanaiyalal Jesangbhai Patel |
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2500 |
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Mr.
Narshibhai Meghajibhai Meruliya |
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2500 |
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Mr.
Ghanshyambhai Naranbhai Narola |
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2500 |
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TOTAL |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To
carry on in India or elsewhere the business to manufacture, process, treat,
wash, cut, turn to account, commercialize, season, design, develop, fabricate,
finish, manipulate, protect, and to act as agent, broker, contractor,
supplier, importer, exporter, buyer, seller, warehouses, trader, stockist,
distributor, vendor, jobworker, forester or otherwise to deal in all shapes,
sizes, forms, varieties, specifications, descriptions, dimensions of
hi-pressure laminates, laminated sheets, copper laminates, paper phenolic
laminates and composite laminates, laminate products including laminate logs,
billets, twigs, fagots, slices, laminates paving boxes, railway or tramway
sleepers, laminate in chips or particle, golf club shafts, drawn wood,
laminate flour, laminate tiles, laminate blocks, laminate sheets for plywood,
blackboard, laminiboard, bathenboard and similar laminated wood products,
reconstituted laminate, laminate frames, laminate doors, windows and similar
fittings, laminate hardware articles, laminate bodies, laminate boxes, trays,
ornaments and other fancy articles, etc, and other allied items, there parts,
fittings and accessories. |
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Products : |
Fr-4
Grade of Copper Clad Laminate |
GENERAL
INFORMATION
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No. of Employees : |
101-500 |
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Bankers : |
Not
Available |
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Banking Relations : |
Unknown
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CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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3000000 |
Equity
Shares |
Rs. 10/- each |
Rs. 30.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.100 milllion |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Subject
is a new company and no financials are available.
Management
remained non-cooperative during current investigation.
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE
DETAILS
Company
Profile
The company Signour Laminates (India) Private Limited is
established in the year 2005 and located in the Electronic Zone at Gandhinagar,
Gujarat , India . The management team comprises of professionals from Copper
Clad Laminate industry with expertise in Glass Epoxy Laminates. Every single
person of the company is skilled and experience with the technical know-how of
the manufacturing of copper clad laminate of high standards. Thus ensuring a
total quality product.
The machines for the manufacturing process are specially
selected and designed to manufacture copper clad laminates as per the IPC and
NEMA standards. The process technology is of European standards. The company is
well-equipped with R&D Facility and dedicated team for quality improvement.
The objective of the company is to deliver high quality of Glass Epoxy
Laminates FR-4 Grade for domestic and export market and at competitive price.
SIGNOUR will continue its Customer First tradition of innovating new products
that resolve the challenges in business and helping them all to enjoy a bright
and shining technological future
Quality
Signour
Laminates India Private Limited is dedicated to Total Customer Satisfaction
thru the Quality of its Product and Delivery on time. Their Major Raw material supplies
like Glass Fabric, Epoxy Resin, and Copper Foil is from the Worlds best
companies. The incoming Raw Materials are screened thoroughly for all quality
parameters and then taken for production of Laminates. The product quality is
monitored at every stage and samples taken from the machine is tested at
regular intervals by the quality control department.
Machinery
The manufacturing facility at
our company comprises of High Pressure Vacuum press, Vertical Impregnator and
drier, Resin Plant, Shearing machine, Trimming Machine, vacuumed Plate cleaning
machine and many more.
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.44.23 |
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UK
Pound |
1 |
Rs.86.91 |
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Euro |
1 |
Rs.58.26 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
4 |
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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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24 |
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/normal. |
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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