MIRA
INFORM REPORT
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Report Date : |
28.07.2007 |
IDENTIFICATION DETAILS
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Name : |
CHEMPLANT PROJECT CONSULTANTS |
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Registered Office : |
Aditya Business Centre, Umanand Society, |
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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.] |
PNEC05548E |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Subject is engaged in offering services like designing of RCC and
Steel structures for industrial, reside commercial installations; development
of plot plan, equipment civil information drawings, piping layouts,
electrical layouts, HVAC layouts, etc.; preparation of specialized
layouts and others services. |
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 2000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed service provider having
satisfactory track. Partners are repotted as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active. No
payment records are available due to the nature of its acivity. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Aditya Business Centre, Umanand Society, |
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Tel. No.: |
91-22-25363387 / 25403394 |
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Mobile No.: |
91-9819357359 |
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Fax No.: |
91-22-25363387 / 25403394 |
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E-Mail : |
PARTNERS
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Name : |
Mr. G G Deshmukh |
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Designation : |
Partner |
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Date of Birth/Age : |
51 Years |
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Qualification : |
B E Mech (Impact Design – IIT |
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Experience : |
25 Years |
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Name : |
Mrs. Mahajan |
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Designation : |
Partner |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Architect (J J, Mumbai) |
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Experience : |
25 -30 Years |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in offering services like designing of RCC and Steel
structures for industrial, reside commercial installations; development of
plot plan, equipment civil information drawings, piping layouts, electrical
layouts, HVAC layouts, etc.; preparation of specialized layouts and
others services. |
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Products : |
Service Offered: RCC And Steel Structures For Industrial Reside Commercial Installations Development Of Plot Plan Equipment Civil Information Drawings Piping Layouts, Electrical Layouts Hvac Layouts Preparation Of Specialized Layouts And Others Services. |
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Terms : |
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Selling : |
Credit (30 – 90 days) |
GENERAL INFORMATION
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Customers : |
Ø
Bigger Consultants Ø
MNC’s Ø
ICI India Limited (Thane) - Sulphonation Plant
(Except Civil) Ø
Marico industries (Mumbai) - Instant Starch
Plant Ø
National Starch (Thane) - HMA Plant Ø
Frito Lay Ø
Lupin Laboratories Mandideep. |
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No. of Employees : |
20 |
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Bankers : |
Thane Janata Sahakari Bank, Naupada Main Branch |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 Million |
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Borrowed : |
-- |
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Total : |
Rs. 0.500 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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Service Revenue |
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4.000 |
Expected Sales (2008) : Rs.5.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
Ø
Uday India Limited, Mumbai (Vikroli)
Ø
Rolls Royce Energy Systems India Private Limited
Ø
ICI India Limited
As Per Website Details:
About Them
Subject is a leading service provider and engineering consultant. They have
experience in designing of RCC and Steel Structures for industrial, residential
and commercial installations. In industries, they have catered to chemical,
bulk drug, pharmaceutical types of plants and other sectors, with the help of
their associates as required.
Their Services
They carry out development of plot plan, equipment layouts, civil information
drawings, piping layouts, electrical layouts, HVAC layouts, etc. They also
prepare specialized layouts as required by statutory bodies like, MIDC, MPCB,
DISH, CCOE, Electrical Inspector, etc.
They are familiar with most of the types of process equipments like reactors,
pressure vessels, tanks, heat exchangers, difference types of agitators, etc.
They have dealt with difference material and constructions like MS, SS,
Jacketed, with limpet coils with various types of lining like PP rubber, tile
lining, PTFE, glass etc. They have designed equipment working at various
temperatures and pressures. They are also familiar with various standards and
codes required likes IS, ASME, DIN, to name a few.
They have extensive experience in piping design. They have dealt with variety
of materials like carbon steel, stainless steel, electro-polished ss,
nonferrous, non metallic, rubber lined, PTFE lined, etc, with various kinds of
cold and hot insulation, with temperatures ranging from (-) 40°C to more than
300°C and pressures from vacuum up to 100 bar.
Subject carries out virtually all types of detail and project engineering
related activities in the electrical engineering discipline. It includes design
of incoming power supply station, consisting of line terminations, transformer
sizing, meter room layout, HT & LT distribution, lighting design,
preparation of different layouts, etc.
Their Experience
They have handled numerous utilities, some of which are:
Ø
Water - Raw, Process, Soft, D.M. and Cooling
water
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Compressed air - L.P., H.P., Instrument air
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Steam -IBR/NON IBR , condensate recovery
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Thermic Fluids
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Cooling Fluids - Chilled water, Brines, Ammonia
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Fuel Oils - H.S.D., L.D.O., F.O, LSHS, etc.
Ø Gases - Nitrogen, CO2, LPG, etc.
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.40.48 |
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1 |
Rs.82.59 |
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Euro |
1 |
Rs.55.55 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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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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/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, they have no basis upon which to
recommend credit dealings |
No Rating |
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