MIRA
INFORM REPORT
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Report Date : |
08.06.2007 |
IDENTIFICATION DETAILS
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Name : |
CREATIVE OZ AIR INDIA PRIVATE LIMITED |
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Registered Office : |
3/3575 |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
04.03.1999 |
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Com. Reg. No.: |
098658 |
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CIN No.: [Company
Identification No.] |
U41000DL1999PTC098658 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTC00867G |
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PAN No.: [Permanent
Account No.] |
AABCC8217B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Ozone Generators, Ozone Monitors and Controllers, Ozone
Accessories, Ozonation Systems. |
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 : |
USD6000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory track.
Direcotrs are reported as experience and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
3/3575 |
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Tel. No.: |
91-120-4325072/73/74 |
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Fax No.: |
91-120-4259442 |
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E-Mail : |
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Website : |
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Factory 1 : |
C-251 Sector 63, Noida- 201 303, |
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Tel. No.: |
91-120-2251810/ 2402628/ 2402629/ 4325072/ 4325073 |
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Fax No.: |
91-120-2402627 |
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Mobile No.: |
91-9810028966 / 9810077061 |
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E-Mail : |
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Website: |
DIRECTORS
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Name : |
Dr. Subodh Bhatnagar |
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Designation : |
Managing Director |
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Address : |
610A, Royale, Shipra Sun-City, Indirapuram, |
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Date of Birth/Age : |
31.12.1946 |
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Date of Appointment : |
04.03.1999 |
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Mobile No.: |
91-9810028966 |
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Name : |
Ms Deepa Bhatnagar |
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Designation : |
Director |
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Address : |
610A, Royale, Shipra Sun-City, Indirapuram, |
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Date of Birth/Age : |
22.08.1952 |
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Date of Appointment : |
04.03.1999 |
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Name : |
Mr. Sudeep Bhatnagar |
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Designation : |
Director |
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Address : |
610A, Royale, Shipra Sun-City, Indirapuram, |
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Date of Birth/Age : |
25.10.1977 |
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Date of Appointment : |
01.03.2001 |
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Mobile No.: |
91-9810077061 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
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Dr. Subodh Bhatnagar |
15530 |
24.40 |
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Ms. Deepa Bhatnagar |
26305 |
41.34 |
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Mr. Sudeep Bhatnagar |
17000 |
26.71 |
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Mrs Shashi Bhatnagar |
1500 |
2.36 |
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Mr. Bipin Bhatnagar |
1500 |
2.36 |
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Mr. Neeraj Bhatnagar |
1500 |
2.36 |
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Mrs. Sudeepti Bhatnagar |
300 |
0.47 |
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Total |
63635 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ozone Generators, Ozone Monitors and Controllers,
Ozone Accessories, Ozonation Systems |
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Exports : |
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Products : |
Exports its products and supplies in the domestic market |
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Countries : |
-- |
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Imports : |
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Products : |
Ozone Generators and other accessories |
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Countries : |
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Terms : |
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Selling : |
-- |
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Purchasing : |
On Documents against Payment |
GENERAL INFORMATION
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Customers: |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s Sanjay K Arora and Company Chartered Accountant |
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Address : |
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Tel. No.: |
91-120-2755344 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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63635 |
Equity Shares |
Rs. 10/- each |
Rs. 0.636 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.636 |
0.425 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.095 |
0.096 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.731 |
0.521 |
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LOAN FUNDS |
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1] Secured Loans |
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0.339 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.339 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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2.070 |
0.521 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.040 |
1.462 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.313 |
0.150 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.268 |
0.000 |
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Sundry Debtors |
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0.934 |
0.000 |
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Cash & Bank Balances |
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1.593 |
0.097 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.361 |
0.005 |
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Total
Current Assets |
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3.156 |
0.102 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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4.378 |
1.197 |
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Provisions |
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0.068 |
0.005 |
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Total
Current Liabilities |
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4.446 |
1.202 |
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Net Current Assets |
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(1.290) |
(1.100) |
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MISCELLANEOUS EXPENSES |
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0.007 |
0.009 |
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TOTAL |
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2.070 |
0.521 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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Sales Turnover |
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8.861 |
0.579 |
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Other Income |
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0.042 |
0.038 |
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Total Income |
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8.903 |
0.617 |
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Profit/(Loss) Before Tax |
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0.218 |
0.047 |
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Provision for Taxation |
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0.063 |
0.003 |
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Profit/(Loss) After Tax |
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0.155 |
0.044 |
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Export Value |
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2.251 |
0.000 |
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Expenditures : |
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Cost of Goods Sold |
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Manufacturing Expenses |
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5.413 |
0.000 |
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Personnel Expenses |
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1.149 |
0.357 |
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Administrative and Other Expenses |
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1.637 |
0.179 |
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Loss on |
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0.042 |
0.000 |
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Depreciation & Amortization |
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0.196 |
0.034 |
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Total Expenditure |
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8.437 |
0.570 |
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KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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1.74 |
7.13 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.51 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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2.38 |
2.55 |
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Return on Investment (ROI) (PBT/Networth) |
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8.95 |
8.45 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.20 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
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0.71 |
0.08 |
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Quick Ratio |
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0.65 |
0.08 |
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Current Liabilities/ Networth |
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2.57 |
2.31 |
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Fixed Assets/ Networth |
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1.76 |
2.81 |
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Average Collection Days |
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39.23 |
0.00 |
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Account Receivables Turnover |
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9.30 |
0.00 |
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Inventory Turnover |
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32.42 |
0.00 |
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Asset Turnover |
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2.86 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
CREATIVE CONCEPTS was formed in 1997, with a vision on the Ozone technology by
a group of competent and experienced professionals. The Company has State-of-the-art
Design, Engineering, Manufacturing and Service Strength. The Company was
re-organized, shifted into its own premises and renamed as CREATIVE OZ-AIR (I)
PVT. LTD. to expand its wings in diversified Products and Exports.
They offer the widest range of Ozone Systems for any Ozone Application in the
world today, having technical tie-ups with M/s. Ozonia Ltd., Switzerland for
Large size Ozonators and with M/s. Anseros GmbH, Germany for Ozone Monitors and
Monitoring Systems, the Company finds itself in a higher platform to offer
world class Products in the field
The Company represents more than 20 years of combined experience in the design
and manufacture of most modern Ozone Treatment Systems for Water, Air &
Food Disinfection, Industrial Ozone Systems, Ozone Monitoring Equipment, Ozone
Test Chambers and Ozone Destructor etc. etc. The Company also specializes in
Oxygen Concentrators and Nitrogen Plants of any size and the Feed Gas
Preparation Systems. With more than 2500 installations worldwide in number of
prestigious Companies, it makes CREATIVE OZ-AIR (I) PVT. LTD., a preferred
choice for Ozone Applications either as a Standard or Tailor-made Systems to
suit the Customers requirements.
CREATIVE OZ-AIR (I) PVT. LTD. earlier known as CREATIVE CONCEPTS strives to
improve upon high quality standards continually. Patented technology and
decades of manufacturing experience enable them to deliver the highest quality,
most reliable and efficient Ozone Treatment Systems. Rigorous Factory Testing
and System Pre-Assembly make the Integration and Start-up of their Ozone
Systems simple and trouble-free.
Committed To Research & Development
They believe strongly on Applications Research and Products Development. The
Company invests considerable resources annually in on-going initiatives aimed
at improving existing Products, developing new technologies and upgrading the
Customer’s Processes through new techniques.
They have a motto of “Customer’s
Satisfaction”, the Company specializes in developing a business model with
Customer concern and their profitability in mind. By a network of Service
Support Installations at Client’s Site, are not only kept in working conditions
but upgraded from time to time for improved performance by regular up-keep and
AMC’s.
In about eight years of operation, they have significant progress by installing
more than 2500 Ozone Treatment Units for Sterilization of Air, Water and Food
Items. Britannia, Switz Foods, Monginis, Bisleri, Cocacola, Pepsi, PVR Cinema,
Dabur, Pan Foods, Eastern Bakeries, Delta Foods (Franchise of Britannia),
Nestle, IFFCO, Arachem (Malaysia), Texcyle (Malaysia), Maharishi Ayurveda
Products, Mahaveda Ayurveda & Research Center etc. are their some of the
prestigious clients. They also cater to the disinfection requirements of Milk
Processing Plants like Amul Dairies (at Himmatnagar, Mehsana, Vihar), Mahan
Proteins at Kosikalan, NDDB (New Delhi), Indo-Nippon Foods etc and number of
Food Processing, Bulk Drug Manufacturers like Ranbaxy, Dishman Pharmaceuticals,
Regent Drugs etc, Pharmaceuticals Companies, Hospitals and Industrial Set-ups
etc.
Trade Reference
- Rectifiers
and Electrons
- Electrical
Control of
- World Expo
and Correct
- BMT
Messetechnik
- D C Water
World Supermart Private Limited
- Chemical and
Scientific Instruments
- Epcot
Corporation
- E A Water
Private Limited
- Kothari
Beverages
- Micro Meg
- Prominent
Scientific and Engineering Industries
Products:
:: Industrial
Ozone Generators
:: Ozone Air
Sterilization Units
(Portable)
:: Air Quality
Management
Systems
:: Oxygen &
Nitrogen Plants
(PSA Based)
:: Dissolved
Ozone Monitor &
Controller
:: Ozone Ambient
Air Monitor
& Controller
:: U.V.Systems
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.98 |
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1 |
Rs.80.98 |
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Euro |
1 |
Rs.54.99 |
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 |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/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 |
YES |
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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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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