MIRA
INFORM REPORT
|
Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
TAINO ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
65, Universal Industrial Estate, I-B Patel Road, Goregaon
(East), Mumbai - 400063, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02.06.2005 |
|
|
|
|
Com. Reg. No.: |
153713 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29200MH2005PTC153713 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT13024E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCT2679R |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturing of Furnaces,
Dryers, Ovens, Rotary Kilns, Material Handling Equipments, Incinerators,
Hydraulic and Pneumatic Systems and relevant Turnkey Projects. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
-- |
|
|
|
|
Status : |
New and Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office / Factory : |
65, Universal Industrial Estate, I-B Patel Road, Goregaon
(East), Mumbai - 400063, |
|
Tel. No.: |
91-22-26853018 / 26854051 |
|
Mobile No.: |
91-9323733762 /
9323733800 |
|
Fax No.: |
91-22-26859617 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Ms. Dipti Vilas Patil |
|
Designation : |
Director |
|
Address : |
42 Krishna Giri, Near National Park, Borivali East, Mumbai – 400066, |
|
Date of Birth/Age : |
11.11.1978 |
|
Date of Appointment : |
02.06.2005 |
|
|
|
|
Name : |
Ms. Priti Vilas Patil |
|
Designation : |
Director |
|
Address : |
42 Krishna Giri, Near National Park, Borivali East, Mumbai – 400066, |
|
Date of Birth/Age : |
16.05.1975 |
|
Date of Appointment : |
02.06.2005 |
|
|
|
|
Name : |
Ms. Anuradha Vilas Patil |
|
Designation : |
Director |
|
Address : |
42 Krishna Giri, Near National Park, Borivali East, Mumbai – 400066, |
|
Date of Birth/Age : |
19.03.1957 |
|
Date of Appointment : |
01.10.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Ms. Dipti Vilas Patil |
|
5000 |
|
Ms. Priti Vilas Patil |
|
5000 |
|
|
|
|
|
Equity Share
Breakup |
|
|
|
Category |
|
Percentage of
Holding |
|
Directors of relatives of directors |
|
100.00 % |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Furnaces,
Dryers, Ovens, Rotary Kilns, Material Handling Equipments, Incinerators, Hydraulic
and Pneumatic Systems and relevant Turnkey Projects. |
|
|
|
|
Products : |
Rotary Kilns / Dryers / Roasters
/ Calciners For Minerals / Metals & Chemical Processing Industries, Pin
Flash Dryers, Vacuum / Conveyor Dryers, Ot Air Generators With Direct /
Indirect Firing Systems, Incinerators With Pollution Control Equipments,
Garbage Processing Plants, Lead, Copper Melting & Smelting Plants, Ny
Special Purpose Equipments, Aluminium Extrusion Equipments, Material Handling
Equipments, Furnaces For Any Application 50 Degree C - 1500 Degree C,
Induction Furnace All Plants On Turnkey Basis |
GENERAL INFORMATION
|
No. of Employees : |
About 50 |
|
|
|
|
Bankers : |
State Bank of |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
J. R. Dagade Chartered Accountants |
|
Address : |
13 Manik Apartment, |
|
|
|
|
Memberships : |
EEPC, NSIC, BARC, SSI, BSSIA, CII |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
Profile
Taino Engineering Company previously known as Dynamic Furnaces
Private Limited is engaged in the field of manufacturing of Furnaces, Dryers, Ovens, Rotary Kilns,
Material Handling Equipments, Incinerators, Hydraulic and Pneumatic Systems and
relevant Turnkey Projects. Catering to all types of industries locally
as well as globally, they specialize in tailor-made equipments and systems to
suit clients requirements in Engineering, Chemical Processing, Mineral
Processing, Non-Ferrous Metals, Melting, Casting, Rolling, Extrusion and Heat
Treatment. They are also offering Incineration for handling
waste solid, Liquid and Gaseous form with all latest pollution control
techniques. Their range of Kiln and Heating Systems is right from 50 degree
celsius to 1700 degree celsius with liquid, gaseous fuels, electricity and induction
systems.
With great interest towards academic development of new processes and relevant
equipments, they are already in association with BARC, Central Salt and Mineral
Research Institute. They have undertaken some of the prestigious turnkey projects
and have successfully executed them with ultimate satisfactory results.
-Aluminum
Extrusion Plants
-Galvanizing Plants
-Mineral Roasting Calcination Plants
-Bentonite Processing Plants
-Lub-Oil Reclamation Unit
They look forward to build profitable, long lasting
relations with buyers seeking high quality products and services at affordable
rates. Please feel free to contact us with all the inquiries and requirements.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.97 |
|
|
1 |
Rs.80.73 |
|
Euro |
1 |
Rs.54.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
|