MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL INCINERATOR |
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Registered Office : |
913, J.B.Tower, Opp. Doordarshan Tower, Drive In Road, Ahmedabad – 380
054, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1982 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Incinerators, Water and wastepaper
treatment. |
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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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 concern having satisfactory track. Proprietor is reported as experienced and respectable businessman. His trade relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
913, J.B.Tower, Opp. Doordarshan Tower, Drive In Road, Ahmedabad –
380054,Gujarat, India |
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Tel. No.: |
91-79-26857299 |
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Mobile No.: |
91-9824060558 |
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Fax No.: |
91-79-26857266 |
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E-Mail : |
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Website : |
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Area : |
400 sq. ft. |
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Location : |
Owned |
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Branches : |
I – 16, Phase 2, GIDC Vatwa, Gujarat, Ahmedabad |
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Area : |
500 sq. ft. |
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Location : |
Leased |
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Branch: |
913,J.B.Tower, Opposite Doordarshan Tower, Drive–In-Road,
Ahmedabad-380 054, Gujarat, India |
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Area : |
400 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Paresh B. Patel |
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Designation : |
Proprietor |
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Date of Birth/Age : |
39 years |
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Qualification : |
B.E.Chemical |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Incinerators, Water and wastepaper
treatment. |
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Products : |
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Exports : |
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Products : |
Incinerators |
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Countries : |
Middle east |
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Terms : |
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Purchasing : |
Credit (60 days) |
GENERAL
INFORMATION
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Customers : |
Factory Owner |
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No. of Employees : |
15 |
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Bankers : |
ICICI Bank, Drive Road |
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Facilities : |
L/C |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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12.500 |
7.500 |
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Expected Sales (2007-08) :Rs.15.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Subject acts as manufacturers and exporters of Incinerators, Dryers, Evaporators, Water and Wastewater Treatment Plants, all kinds of system for all kinds of Solid and Liquid Waste, Steamjet Ejector Vacuum System, Crystalizer, Desuperheater and all kinds of Herb Extracts.
It also manufacturers and exporters of Drug Intermediates for Bulk Drugs such as Phthalimide, Pottasium Phthalimide and Sodium Cynate.
It’s products range include :-
- Chemical Reactors
- Pharmaceuticals Grade Reactors
- Centrifuges
- Thermic Fluid Heaters
- Ball Mills
- Blenders
- Rotary Vaccum Dryers
- Crushers
- Tray Dryers
- Pressure Vessels
profile
The
company design, manufacture & supply various kind of "Incineration
System" For all kind of solid & liquid waste.
·
Incinerator
System For Zero Discharge Of All Kind Of Industries.
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Incinerator
System For Biomedical / Hospital Waste
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Incinerator
System For Effluent / Pharmaceutical Waste.
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Incinerator
System For Pathological Waste.
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Incinerator
System For Chemical & Petrochemical Waste.
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Incinerator
System For Industrial Waste.
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Waste Disposal
System For Hotel / Canteen Waste.
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Incinerator
System For Secret Document Disposal.
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Incinerator
System For Slaughter House.
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Incinerator
System For Animal Carcases.
The
concern’s firm Global Incinerator is manned by technically qualified professionals
in Mechanical, Chemical and Environmental field engaged in the activities of
design and manufacture of Incinerators, Heat producing, transferring and
special purposes application requirement equipments. We are well renowned as
the manufacturers of incinerators for all types of waste. We understand that
various biochemical and biomedical waste has become a threatening problem to
the natural environment, in order to protect the environment from these
hazardous wastes, we build reliable Incinerating systems. We design and install
these systems as per customers' requirements.
Product Range
The
concern manufacture a variety of combustion systems that are utilized to
incinerate or oxidize various types of waste, odors and air pollutants.
Product Applications
The
concern design, manufacture & supply various kind of "Incineration
Systems" for all kinds of solid & liquid waste.
- Zero Discharge of All Kind pf Industries
- Biomedical / Hospital Waste
- Effluent / Pharmaceutical Waste
- Pathological Waste
- Chemical & Petrochemical Waste
- Industrial Waste
- Hazardous / Municipal Waste
- Waste Disposal System For Hotel / Canteen Waste
- Secret Document Disposal
- Slaughter House -Animal Carcases
USP
The concern is capable of providing compact design, which occupies minimum
space and shows high efficiency in operations. The systems are designed by the
scientifically expertized professionals/ engineers. We make use of the latest
techniques and high quality materials, provided with high tech control panel,
resulting in easy operation and minimum manpower requirement. Our company's
sheer sincere hard-work towards maintaining a healthy environment has marked a
distinct identification mark in the Domestic and International market.
Incinerator systems or all kinds of industries like :-
- Pharmaceutical
- Chemical
- Dye-Intermediate
- Petrochemical
Highlights
- Compact design, occupying minimum space.
- Efficient operation with less maintenance.
- Scientifically designed by the experts, using latest techniques and high quality materials.
- Provided with the high-tech control panel, resulting easy operation and minimum man power requirement.
- Auto burners to provide cyclonic flame, that turns in maximum fuel efficiency.
- Installed and operation at large, medium and small scale industries.
- Enlisted with Polluiton Control Board.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.39.27 |
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UK Pound |
1 |
Rs.82.24 |
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Euro |
1 |
Rs.57.48 |
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 |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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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. |
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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