MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
OZONE TECHNOLOGIES |
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Registered Office : |
Plot No. C-251, Sector 63, Noida 201301, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
2002 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Trader, Exporter and Importer of Oxygen Plants, Nitrogen
Plants, Water Treatment Plant and Ozone Generator etc. |
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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Maximum Credit Limit : |
USD 15200 |
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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. Trade relations are
fair. Business is active Payments are reported as usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Subhodh Bhatnagar |
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Date : |
15.04.2008 |
LOCATIONS
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Registered Office/Factory : |
Noida 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4325072 |
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Mobile No.: |
91-9810028966 / 9810077061 |
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Fax No.: |
91-120-4325072 |
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E-Mail : |
cocept@nda.vsnl.net.in |
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Area : |
300 sq mtr |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Shweta Bhatnagar |
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Designation : |
Proprietor |
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Address : |
Noida |
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Date of Birth/Age : |
30 years |
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Qualification : |
M/COM |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader, Exporter and Importer of Oxygen Plants, Nitrogen
Plants, Water Treatment Plant and Ozone Generator etc. |
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Products : |
v Ozonation
Systems Ø Industrial Ozone
Generators Ø Economy Ozone
Generators Ø Domestic Ozone
Purifier Ø Ozone Test
Chambers Ø Ozone Air
Sterilization Ø Air Quality
Management Systems v Nitrogen Plants v Nitrogen
Generators v Oxygen Plants v Oxygen
Generators |
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Exports : |
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Products : |
Ozone and Other Plants |
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Countries : |
Japan, Middle East, UAE, Afghanistan, Sudan etc. |
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Imports : |
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Products : |
Machinery etc and Chemicals |
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Countries : |
Australia, NewZealand, Korea and China |
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Terms : |
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Selling : |
Cash / Credit (30 days) |
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Purchasing : |
L/C, Cash / Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
30 (Office-5 and Factory-25) |
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Bankers : |
v Citi Bank,
Sector 4, Noida v HDFC Bank,
Sector 62, Noida |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Arora and Associates (Chartered Accountant) |
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Address : |
Ghaziabad |
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Associates/Subsidiaries : |
Creation Ozone India Private Limited, Noida |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.800 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 3.800 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
17.500 |
15.000 |
11.800 |
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Profit/Loss for the year |
Not Applicable |
1.400 |
1.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:-
v
Campa Cola
v
Pepsi Foods limited
v
Kinley
v
Britania
Profile:-
Subject offer the widest range of Ozonation systems for any ozone application in the world today, having technical tie-ups with m/s. Ozonia Ltd. Switzerland for large size Ozonators and with m/s. Anseros gmbh, Germany for ozone monitors and monitoring systems, the company finds itself in a higher platform to offer world class Ozonation systems in the field.
What is Ozone?
Ozone is a triatomic allotrope of oxygen formed by recombination of oxygen atoms. It is a colorless gas with characteristic pungent odor and can easily be detected at low level of 0.05 ppm. It is a very strong oxidant and is over 3000 times more powerful disinfectant than chlorine. It disinfects, oxidizes, deodorizes, and decolorizes.
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.39.96 |
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UK Pound |
1 |
Rs.78.71 |
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Euro |
1 |
Rs.63.22 |
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 |
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 |
YES |
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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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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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