MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ENVIROTECH GENSETS PRIVATE LIMITED |
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Registered Office : |
B-1180, G.D. Colony, Mayur Vihar Phase – II, |
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Country : |
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Date of Incorporation : |
09.02.2007 |
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Com. Reg. No.: |
159075 |
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CIN No.: [Company
Identification No.] |
U31101DL2007PTC159075 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Designing and developing Acoustic Enclosures, Room
Acoustic and Silent Diesel Gensets. |
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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Directors are however reported as experienced and respectable businessmen. Trade
relations are reported as fair. Payments are reported as usually correct and
as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
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Registered Office : |
B-1180, G.D. Colony, Mayur Vihar Phase – II, |
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E-Mail : |
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Website : |
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Corporate Office : |
B-1A/19, Ist Floor,
Commercial Complex, Sector-51, Noida - 201307, |
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Tel. No.: |
91-120-4337633/4337439 |
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Mobile No.: |
91-9810319823 / 9311011130 |
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Fax No.: |
91-120-4337439 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Manoj Kumar Gupta |
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Designation : |
Director |
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Address : |
C-7, Kendriya Vihar, Sector – 51, Noida – 201301, |
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Date of Birth/Age : |
21.06.1973 |
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Date of Appointment : |
09.02.2007 |
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Sole Proprietorship : |
Envirotech Systems B-19, Sector -10, Noida – 201301, |
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Name : |
Ms. Sindhu Gupta |
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Designation : |
Director |
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Address : |
C-7, Kendriya Vihar, Sector – 51, Noida – 201301, |
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Date of Birth/Age : |
10.08.1976 |
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Date of Appointment : |
09.02.2007 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Manoj Kumar Gupta |
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5000 |
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Ms. Sindhu Gupta |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Designing and developing Acoustic Enclosures, Room
Acoustic and Silent Diesel Gensets. |
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Products : |
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Exports : |
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Countries : |
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GENERAL INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Envirotech Systems B-19, Sector -10, Noida – 201301, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 100/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
Profile
Subject was
incorporated in 1997 with an objective to provide high performance generators
for special applications. Subject have achieved specialization in designing and
developing Acoustic Enclosures, Room
Acoustic and Silent Diesel Gensets. Precision spare parts and components of international standard are
used to assemble their products. Engineering excellence and stringent quality
control norms at each stage of production ensure optimal performance of the
Gensets. They are the manufacturer and supplier of high quality products that
are featured with naturally
aspirated / water cooled & air cooled, diesel engines, Radiator, Blower
fan, Turbocharger, 12 Volts starting system with battery charging Dynamo /
Alternato, etc.
enabling enhanced and reliable performance. They provide an excellent after
sales services across the country and maintain a huge inventory of spare parts
to meet immediate bulk requirements of the same. They also arrange training
program for the operational team.
Strengths
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A well
organized setup with state-of-the-art manufacturing facilities
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Efficient
manpower and massive production capability
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Integration
of latest technology to design and develop products
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Continual
research to come up with value added and better performing products
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Low
operation cost as well as easy to handle
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Ready
availability of spares
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Wide
market distribution
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 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.40.39 |
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1 |
Rs.82.93 |
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Euro |
1 |
Rs.55.75 |
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 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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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 |
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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18 |
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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