MIRA
INFORM REPORT
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Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNSHINE UNIVERSAL PRIVATE LIMITED |
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Registered Office : |
3rd Floor, Sumeru Centre, Paldi, Ahmedabad - 380007,
Gujarat |
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Country : |
India |
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Date of Incorporation : |
09.03.2007 |
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Com. Reg. No.: |
04-50195 |
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CIN No.: [Company
Identification No.] |
U52190GJ2007PTC050195 |
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IEC No.: |
0807001783 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS14013G |
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PAN No.: [Permanent
Account No.] |
AAKCS6940G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Distributors, Exporter and Importer of Solar Products, Wind
Energy Products, Light Emitting
Diode (LED) Pumps and Street Lights. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Directors are reported as experienced and respectable businessmen. Trade relations
are fair. Payments are slow but correct. The company can be considered for
small to mediocre business dealings with slight caution, initially. |
LOCATIONS
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Registered Office : |
3rd Floor, Sumeru Centre, Paldi, Ahmedabad - 380007, Gujarat,
India |
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Tel. No.: |
91-79-26620742/ 55435171 |
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Mobile No.: |
91-9824062036 |
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Fax No.: |
91-79-26612847/ 26601238 |
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E-Fax No.: |
1-360-397-6638 |
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E-Mail : |
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Website : |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Gaureen N. Nagarsheth |
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Designation : |
Managing Director |
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Date of Birth/Age : |
39 Years |
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Qualification : |
Electrical Engineers |
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Experience : |
25 Years |
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Name : |
Ms. Mala G. Nagarsheth |
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Designation : |
Director |
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Date of Birth/Age : |
36 Years |
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Qualification : |
B. Com. , L L B |
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Experience : |
10 Years |
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KEY EXECUTIVES
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Name : |
Mr. Hiren M. Desai |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Gaureen N. Nagarsheth |
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27000 |
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Ms. Mala G. Nagarsheth |
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3000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Distributors, Exporter and Importer of Solar Products,
Wind Energy Products, Light Emitting
Diode (LED) Pumps and Street Lights. |
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Products : |
* Solar Products * Wind Energy
Products * Light
Emitting Diode (LED) Pumps * Street
Lights |
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Terms : |
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Selling : |
L/C and Credit basis |
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Purchasing : |
L/C and Credit basis |
GENERAL
INFORMATION
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Customers : |
* Wholesaler * End Users |
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No. of Employees : |
About 5 |
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Bankers : |
H S B C Bank, C G Road, Ahmedabad, Gujarat, India |
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Banking
Relations : |
-- |
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Sister Concern : |
M G Exim Private Limited 3rd Floor, Sumeru centre, Paldi, Ahmedabad, Gujarat, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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30,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.300 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
As per new company subsequent financial is not available from any
source.
LOCAL AGENCY
FURTHER INFORMATION
As Per Web:
Profile
Power is the most precious and priceless item in today's age, and its
demand is at its all time high. Saving energy therefore is a prerequisite
in the efficient allocation of resources. Subject is a trademark
manufacturer of a number of products that have been designed specially
to conserve energy and power and thereby make way for smooth functioning of
daily chores. The product basket includes various solar products, wind generators, light emitting diode (LED)
pumps, etc. These products are highly useful and result in faster and
efficient function.
Quality is one of the main hallmarks of our company. The products are
always delivered on time and are offered at the most competitive price in the
market to valued customers. Their prime focus is customer satisfaction,
and take all necessary steps to keep them in good humor. Their feedbacks and
suggestions are taken into consideration in order to make constant product
improvisations. In this way, they hope to build a long standing relation with
valued customers.
* Various Solar Products
* Wind Generators
*
Light Emitting Diode (LED) Pumps.
Quality takes the top most priority at
Sunshine Universal Private Limited. Their products undergo extremely tough tests
to adjudge their working condition. Stringent quality checking takes place at
our unit, under the careful observation of our technically brilliant quality
control inspectors. Every product is checked for quality keeping in mind the
national and international quality standards.
Subject is proud to own a robust
infrastructural set up that houses an ideal blend of manpower and machines.
They have a large manufacturing unit that has all the latest and state of the
art machines. All the machines are upgraded on a regular basis to make sure
that they are working in proper condition. The entire production process is
manned by a team of efficient workforce which has a very rich knowledge and
years of experience behind it. They also have a an extremely spacious warehouse
with full ventilation facility that can store large amounts of products to
effectively meet market demand, under all circumstances.
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 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.39.40 |
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UK Pound |
1 |
Rs.81.12 |
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Euro |
1 |
Rs.56.69 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
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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12 |
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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