MIRA
INFORM REPORT
|
Report Date : |
18.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MICRO DYNAMICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
12, Carina Terrace, 52 Lullanagar, Pune – 411 030, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
28.12.2004 |
|
|
|
|
Com. Reg. No.: |
25-020073 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29299PN2004PTC020073 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEM00051C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Steam Boilers |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 400 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small company in its field. Trade relations
are fair. Payments are reported as slow but correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
INFORMATION
DECLINED BY
|
Name : |
Mr. Dipesh Ajmera |
|
Designation : |
Director |
|
Contact No.: |
91-9227217569 / 9824076489 |
|
Date : |
18.04.2008 |
LOCATIONS
|
Registered Office : |
12, Carina Terrace, 52 Lullanagar, Pune – 411 030, Maharashtra, India |
|
Tel. No.: |
91-20-27120839 |
|
Mobile No.: |
91-9227217569 / 9824076489 |
|
Fax No.: |
91-20-27122678 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
403, Mihir Vihar, Via Jawahar Chowk, Maninagar-380008,
India |
|
Tel. No.: |
91-79-25461890 |
|
Mobile No.: |
91-9824076489 |
|
Mobile Fax No.: |
91-9824070680 |
|
|
|
|
Administrative Office / Factory: |
Plot No. 105, Road No. 7, Kathwada, GIDC, Ahmedabad – 382 445, Gujarat, India |
|
Tel No.: |
91-79-25460069 / 64502948 |
|
Mobile No.: |
91-9227217569 / 9824076489 |
|
Fax No.: |
91- 79-25461890 / 22900337 / 22900337 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
20000 Sq.fts (Factory and
office) |
|
Location: |
Owned |
|
|
|
|
Factory : |
· Plot No. 387, Road 9, G.I.D.C, Kathwada, Ahmedabad Gujarat – 382430, India Tel No.; 91-79-64502948 Fax: 91-79-22900337 Location: Owned · Plot No. 87/1, Phase-1, G.I.D.C, Vatwa, Ahmedabad, Gujarat – 382445, India Tel No.: 91-79-65231993 Location: Owned |
DIRECTORS
|
Name : |
Mrs. Zohra Ishrat Ali |
|
Designation : |
Director |
|
Date of Appointment : |
28.12.2004 |
|
|
|
|
Name : |
Mr. Ishrat Shaukat Ali |
|
Designation : |
Director |
|
Date of Appointment : |
28.12.2004 |
|
|
|
|
Name : |
Mr. Dipesh Ajmera |
|
Designation : |
Director |
|
Date of Birth/Age : |
37 years |
|
Qualification : |
BE Mechanical |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders (as on 31.03.2007) |
|
No. of Shares |
|
Mrs. Zohra Ishrat Ali |
|
5000 |
|
Mr. Ishrat Shaukat Ali |
|
5000 |
|
|
Total
|
10000 |
Equity Shares Breakup (Percentage of Total Equity): (as on 31.03.2007):-
|
Sr No. |
Category |
Percentage |
|
1 |
Directors or relative of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Steam Boilers |
|
|
|
|
Products : |
· Boilers · Thermic Fluid heaters · Hot Air Generators · Incinerators · FBC Conversion |
|
Exports : |
|
|
Countries : |
Indonesia, Malaysia, Sri Lanka, Bangladesh, Pakistan, Middle East,
Dubai, South Asia, US |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL
INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
45 |
|
|
|
|
Bankers : |
HDFC Bank , Maninagar Branch, Ahmedabad , Gujarat, India |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name 1 : |
M/s L B Laddha and Company Chartered Accountant |
|
Address : |
II Floor, Sukhwani Chambers, Pimpri, Pune – 411 018, Maharashtra,
India |
|
E-Mail : |
|
|
|
|
|
Name 2 : |
M/s Mukesh Parikh and Company Chartered Accountants |
|
Address : |
Ahmedabad |
|
|
|
|
Associates/Subsidiaries : |
Microtech Boilers Activity: Manufacturer and Exporter of Steam
Boilers |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
[0.010] |
[0.005] |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.090 |
0.095 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.090 |
0.095 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.044 |
0.045 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.055 |
0.055 |
|
Total
Current Assets |
|
0.099 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.020 |
0.020 |
|
|
Provisions |
|
0.009 |
0.005 |
|
Total
Current Liabilities |
|
0.029 |
0.025 |
|
|
Net Current Assets |
|
0.070 |
0.075 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.020 |
0.020 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.090 |
0.095 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
0.000 |
0.000 |
|
Other Income |
|
0.000 |
0.000 |
|
Total Income |
|
0.000 |
0.000 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
[0.005] |
[0.005] |
|
Provision for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss) After Tax |
|
[0.005] |
[0.005] |
|
|
|
|
|
|
Total Expenditure |
|
0.005 |
0.005 |
Notes:
The subject has not commenced its operations during the financial year
2004-2005 and 2005-06 and hence Profit and Loss A/C for the year ending
31.03.2006 was not available.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
[5.05] |
[5.00] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
[0.06] |
[0.05] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.32 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.41 |
4.00 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
· Rohan Dyes and Intermidate, Vatva, Ahmedabad
· Asian Box Containers , Gandhidham, Kutch
· Vidhani Veneers Puf Limited, Gasndhidham, Kutch
WEBSITES DETAILS:
Micro Group of Companies is a
fast growing Engineering and Project Company with 3 manufacturing and exporting
setups equipped with all modern and heavy engineering machinery. They design, engineer
and manufacture heating equipments of high efficiencies operating on variety of
fuels suitable for process heating in various industries. At their works, MICRO DYNAMICS, they manufacture Thermic Fluid Heaters, Air Heaters,
Incinerators, Hot Water Circulation Systems, FBC Conversion, and Hot Air
Generators.
They are a manufacturer, exporter and supplier of Steam Boilers as per IBR
regulations. In their IBR CERTIFIED
WORKSHOP at MICROTECH BOILERS,
they produce boilers up to 20 TPH capacity and 21 Kg/Cm2 (g) pressures with
Solid, Agrowaste, Coal, Lignite, etc. fuels. They offer latest MEMBRANE WATER WALL PANEL BOILERS and BI-DRUM
DESIGN BOILERS with LATEST FBC
Technology. They manufacture, export and supply Furnace Oil, LDO, HSD and Natural Gas Fired Boilers with
Fully Automatic Burner management system.
Today they are one of the most reputed manufacturers of Boilers.
Quality is their utmost priority and they firmly believe in timely execution of
tasks. Their products are known widely in both the domestic and international
markets and all their goods are in conformity with intentional quality
standards. Their company has been successful in asserting its position and in
taking influential strides with its excellent services and products.
Product Range
- Boilers
- 1 TPH to 20
TPH IBR Boilers - Agro Waste/Pulverized Coal - FBC Firing
- 1 TPH to
6TPH IBR Boilers – Solid/Coal Fuel Fired - Manual Firing
- 1 TPH to 12
TPH IBR Boilers - FO/LDO/HSD – Firing
- 1 TPH to 12
TPH IBR Boilers - Gas – Firing
- Thermic Fluid
Heaters
- 1 Lakh
K.cal/hr to 40 Lakh K.cal/hr - Agro Waste/Pulverized Coal - FBC Firing
- 1 Lakh
K.cal/hr to 40 Lakh K.cal/hr - FO/LDO/HSD – Firing
- 1 Lakh
K.cal/hr to 40 Lakh K.cal/hr - Gas – Firing
- Hot Air
Generators ( up to 425 0C )
- 1 Lakh K.cal/hr
to 40 Lakh K.cal/hr - Agro Waste/Pulverized Coal - FBC Firing
- 1 Lakh
K.cal/hr to 40 Lakh K.cal/hr - FO/LDO/HSD – Firing
- 1 Lakh
K.cal/hr to 40 Lakh K.cal/hr - Gas – Firing
- Incinerators
- FBC
Conversion.
Infrastructure
Their manufacturing unit is fully equipped with an arsenal of ultra modern
machinery and highly qualified professionals. Their products undergo rigorous
quality inspection by the experts at every level of the production process till
the attainment of final output to ensure their flawlessness. Their Research and
Development Department works in tandem to produce innovative products in
accordance with the emerging needs of their clients. Their quality products are
the result of the perfect combination of the imagination of their professionals
and modern machinery. Their enthusiastic workforce is committed to provide the
clients - the best.
Quality
Quality is the key behind their success and their quality consciousness has
helped them become the most successful manufacturer of Process Boilers, Thermic
Fluid Heaters and Air Heaters. Every product, being an outcome of their
manufacturing unit, passes through stringent quality control checks, adhering
to international quality standards. Their well qualified team of quality
inspectors check each and every product, right from the procurement of the raw
material to the dispatch of the finished products, which assures an outstanding
product.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.96 |
|
UK Pound |
1 |
Rs.78.66 |
|
Euro |
1 |
Rs.63.31 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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 |
|