MIRA
INFORM REPORT
|
Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
UNIPROFILE INDUSTRIES |
|
|
|
|
Registered Office : |
B – 19, Phase – 2, Noida – 201305, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
2001 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturers of PVC Profiles |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 26000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established concern having satisfactory track. 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
|
Registered Office / Factory : |
B – 19, Phase – 2, Noida – 201305, |
|
Tel. No.: |
91-120-2460601 |
|
Mobile No.: |
91-9999027372 / 9818237631 |
|
Fax No.: |
91-120-2460602 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. yds. [Owned] |
SOLE PROPRIETOR
|
Name : |
Mr. Rajat Mittal |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
25 Years |
|
Qualification : |
Prost Graduate |
|
Experience : |
6 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of PVC Profiles |
|
|
|
|
Products : |
·
Cooling Tower
Components ·
PVC Mist Eliminators ·
PVC Tube Settlers ·
PVC Channels ·
PVC Bus Bar Shields ·
PVC Angles |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit and Cash |
|
|
|
|
Purchasing : |
L/C, Cash, Credit [60 days] and at Sight |
GENERAL INFORMATION
|
Customers : |
Local Customers and End Users ·
Sparetex ( ·
·
S.K. Systems ·
NTPC ·
L&T Limited ·
S.K. Systems ·
Zeco Aircon Industries Private Limited ·
Cary Aire Equipments Private Limited |
|
|
|
|
No. of Employees : |
113 [In Office : 13 and In Factory : 100] |
|
|
|
|
Bankers : |
State Bank of Karol Bagh, |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Praveen Goel and Associates Chartered Accountants |
|
Address : |
Rohini, |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 6.500 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 6.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
62.000 |
58.000 |
56.400 |
|
|
|
|
|
|
Profit/Loss for the year |
3.035 |
2.900 |
2.125 |
LOCAL AGENCY FURTHER INFORMATION
Trade Reference
- L & T India Limited
- Reliance Industries Limited
- Gammon India Limited
- NTPC
As Per Website
Profile
Quality,
strength and reliability are the three essentials, which you can not find
easily. Uniprofile Industries is the perfect example of these three essentials
while engaged in the manufacture and export of PVC products. Their complete
range of products includes, Cooling Tower Products, PVC Mist Eliminators, PVC
Tube Settlers, PVC Channels, PVC Bus Bar Shields and Angles. Years of
experience, vast knowledge and thorough understanding have made them deliver
the highest quality of products to satisfy their customers, and also to achieve
their goal of being a market leader. They are a renowned name in every corner
of the country. Their skilled and experienced workforce, high-end technologies
and dedication to achieve perfection; have all contributed in elevating their
status and have inspired them to serve you better.
Goal
They have a set of their own commercial goals in front of them, some of which
are :
·
Total customer satisfaction
·
Authentic product quality
·
Controlled cost of production
·
Timely execution of work.
Quality
They follow a strict standard of quality. They have their own quality control
department, in which highly professional team of quality control personnel
checks each and every piece before their dispatch. This is one reason why, each
and every product of theirs reflect their admiration of high quality.
Raw Materials Used
Cooling Tower
Components
·
U-Bar
·
Drift Eliminator
·
C-Bar
·
V-Bar
·
Triangle
·
Spacers
·
S-4.5 Louvers
PVC Mist
Eliminators/ Air Handling Units
·
Mistel-100, 150, 170, Z, Z Hollow Louver, W-170, W-250
·
PVC Comb
·
Thermal Break
·
J-Section
Sewerage and Waste
Water Plants
·
PVC Tube Settler
PVC Channels
·
Length Wise Grip
·
Width Wise Grip.
Infrastructure
They have a well built setup. Latest machinery and in-house laboratory having
standardized testing equipments, are the strong points of the company. Each and
every equipment is of world class status. But they are not all about machines,
they have highly skilled professionals, who are dedicated to produce quality
products time and again.
Main Features
There are various reasons why their range of cooling tower components, PVC mist
eliminators, PVC tube settlers, PVC channels, PVC angles, etc. are preferred in
the market. The USP of their products may be listed as follows:
·
Economical
·
No Maintenance
·
Fire Resistant
·
Light Weight
·
No Wastage
·
Reasonable Rates
·
State-of-the-Art Facilities
·
Strict Delivery Schedules
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.39.47 |
|
|
1 |
Rs.80.59 |
|
Euro |
1 |
Rs.56.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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. |
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 |
|