MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ACMEFIL ENGINEERING AND INDUSTRIES |
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Registered Office : |
Plot No.316, Phase-II, Near green Environment Ser_Co-op, Society .Limited,
Gidc, Vatva, Ahmedabad-382445, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
24.07.2000 |
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Com. Reg. No.: |
038416 |
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CIN No.: [Company
Identification No.] |
U72200GJ2000PTC038416 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Spray Dryers, Fluid Bed Dryers, Evaporators,
Atomizers, Rotary Valves Spin Flash Dryers, Dust Cleaner and Pilot Plant Facility |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
Subject appears to have been close due to unforeseen. Management is
not responding on their various telephone, fax or /mobile Nos. Since last 10 days
No rating can be granted. It would be prudent to deal with the concern on fully safe and secured
trade terms and conditions. Initially. |
LOCATIONS
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Registered Office/ Factory : |
Plot No.316, Phase-II, Near green Environment Ser_Co-op, Society
.Limited, Gidc, Vatva, Ahmedabad-382445, |
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Tel. No.: |
91-79-25831024 / 25890365 / 3290037 |
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Mobile No.: |
91-9824008710 |
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Fax No.: |
91-79-25831024 |
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Website : |
SOLE PROPRIETOR
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Name : |
Mr. M. P. Sukumaran |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Spray Dryers, Fluid Bed Dryers, Evaporators,
Atomizers, Rotary Valves Spin Flash Dryers, Dust Cleaner, Pilot Plant
Facility |
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Terms : |
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Selling : |
Contract |
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Purchasing : |
Credit |
GENERAL INFORMATION
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No. of Employees : |
Not Known |
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Bankers : |
Unknown |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Amerity Engineering Private Limited Acmefil Engineering Systems Private Limited Date of Incorporation: 24.07.2000 Authorised Capital: Rs.1.500 Millions Paid up Capital: Rs.0.526
Million |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs.1.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Export Value |
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25% |
LOCAL AGENCY FURTHER INFORMATION
As Per web site:
Ahead of time and
technology....they provide cost effective solutions for a wide array of dryers
and allied equipments.
About Them
They combine latest technology and rich experience to
provide you highly sophisticated drying machines and allied equipments. Dryers
are essentials for a wide range of industries like Pharmaceuticals, bulk
drugs,Chemical, Dyes, ceramic,food and beverages,dairies effluent
handling and herbal extracts. Considering the increasing demand, and with a
committed attitude to provide their customers a cost effective solution, The
Company has been engaged in the industry for years with the repute as a
prominent manufacturer, exporter
and supplier of a wide range of
world class drying equipments. Their product range includes a wide range of
equipments like Spray Dryers, Fluid Bed
Dryers, Evaporators, Atomizers, Rotary Valves, Spin Flash Dryers, Flash Dryers,
Hot Air Generators, Dust Collector, Pilot Plant Facilities and more. All
these products are highly reliable and require less maintenance. The standard
of quality they maintain and the high performance their products offer make
them an internationally acclaimed name as a provider of highly sophisticated
dryers all over the world.
They believe that nothing but unfailing customer care can make them a leader in
the industry. That is why they are strictly adhered to quality of products,
timely delivery, after sale service and cooperation with their clients. They
also specialize in manufacturing products according to customer specification
and try their best to serve you better with every possible way.
Their
A number of industries from all over the world have been
using their dryers for years. This is because of the reliability and excellent
performance their products offer all available at competitive prices. Their
products include:
- Spray Dryers
- Fluid Bed Dryers
- Evaporators
- Atomizers
- Rotary Valves
- Spin Flash Dryers
- Flash Dryers
- Hot Air Generators
- Dust Collector
- Pilot Plant Facilities.
Their Quality
Quality is the most important thing for them to exist with
pride and to soar into the sky of success. They believe that their reputation
lies in the fact that they maintain high quality of their products and
services. Each and every product is tested several times by their quality
control team before they are launched in the market. In addition, their
technologies are often upgraded so that they can offer you all latest and most
sophisticated dryers.
Their Infrastructure
Standing on a strong infrastructural base, ACMEFIL
ENGINEERING & INDUSTRIES is now a name synonymous to success. Their factory
is equipped with state of the art technology while their workforce is skilled
and experienced enough to help them excel in the industry. Efficiency and
dedication to achieve full customer satisfaction are reflected in every sphere
of their business operation of which they are proud of.
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.41.29 |
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1 |
Rs.82.30 |
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Euro |
1 |
Rs.56.20 |
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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