MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
UGAM TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
3/2475, Ishwar Smruti, Opp. Syndicate Bank, Salabatpura Main Road,
Salaba, Surat – 395 002, Gujarat |
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Country : |
India |
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Date of Incorporation : |
28.07.2006 |
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Com. Reg. No.: |
48790 |
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CIN No.: [Company
Identification No.] |
U72200GJ2006PTC048790 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Laser System Machines. |
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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Trade relations are fair. No further details or payment could be made
available. The company can be considered for business dealings on safe and
secured terms, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Pradeep Chumkia |
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Designation : |
Chief Executive |
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Contact No.: |
91-9377772141 |
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Date : |
29.07.2008 |
LOCATIONS
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Registered Office : |
3/2475, Ishwar Smruti, Opp. Syndicate Bank, Salabatpura Main Road,
Salaba, Surat – 395 002, Gujarat, India |
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E-Mail : |
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Website : |
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Corporate Office : |
578, Japan Market, Opp Linear Bus Stand, Ring Road, Surat – 395 002,
Gujarat, India |
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Tel. No.: |
91-261-6641277 |
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Fax No.: |
91-261-6646277 |
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E-Mail : |
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Area : |
500 Sq. ft. |
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Location : |
Rented |
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Branch Office : |
Located at New Delhi |
DIRECTORS
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Name : |
Mr. Virendra Dobariya |
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Designation : |
Director |
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Address : |
Dobarai Estate, Naginawadi, Sumul Diary Road, Surat – 395 006,
Gujarat, India |
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Date of Birth/Age : |
19.09.1973 |
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Name : |
Mr. Rajesh Ghael |
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Designation : |
Director |
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Address : |
1/1446, Hariom Nivas, Nanpura, Timliyawad, Surat – 395001, Gujarat,
India |
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Date of Birth/Age : |
12.07.1962 |
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Name : |
Mr. Jignesh Chumkia |
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Designation : |
Director |
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Date of Birth/Age : |
29 Years |
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Qualification : |
S.S.C. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 20.07.2006)
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Names of Shareholders |
No. of Shares |
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Virendra Dobariya |
8000 |
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Rajesh Ghael |
1000 |
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Jignesh Chumkia |
1000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Laser System Machines. |
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Products : |
Laser
Marking Series ·
Lamp
Pumped Marking ·
Laser Cutting
Series Co2 Laser Marking Engraving System |
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Imports : |
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Products : |
Leser Spare parts |
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Countries : |
·
European Countries ·
China ·
USA |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) – Depends upon Customer |
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) – Through Banks |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
6 |
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Bankers : |
ICICI Bank, Athavda Branch |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Don’t Know |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
·
Punjab Beval Gear – Delhi
·
Titan – Bangalore
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CTH Auto Limited - Delhi
Web Details
Subject are actively engaged to Supplying Extreme Technology to India's different industries.
Subject is a pioneer company in India to provide laser services to wide range of medical, industries and individual consumers with a strong commitment to customer service.
Subject
was formed by group of engineers and industry professionals with goal to
provide high quality photonics components at affordable prices for Laser and
other OEM industries. The company has consistently grown each year with time
and experience and now well positioned to serve the photonics industry in the
new millennium.
The focus all the effort is better customer service, Which they always strive
to achieve. They are committed to providing their customer with fast, courteous
and personal attention on all request for quotes. In today's rapidly changing
market place, They realize the importance of establishing solid customer vendor
relationship as key ingredient to the success of any business over a lengthy
period of time.
Subject is dealing in complete range of laser engraving, marking and cutting systems. They have a complete range of laser system such as Fiber, Diode pumped and Lamp pumped Nd:YAG Laser Marking,Scribing and Cutting systems, CO2 Laser engraving system,CO2 Laser marking system and CO2 laser cutting Systems etc.
The Laser marking system extend the Jewellery artist's hand vision to the limit of imagination. The laser marker performs marking and deep engraving of gold,silver and platinium in a programmable one step process.
Subject opens up all the possibilities that laser marking has to offer today. the powerful , user-friendly software is the key to perfect result. The systems are remarkable for their compact diamantions.
The Laser power can be adjusted to suit the application on hand. The high beam quality and precise beam guidance a makes it possible to achieve excellent results. Low energy consumption and high through put makes it especially economical. The high Tech software makes its easy to alter parameter. The system has standardized interfaces under windows NT or 98/2000.
With the small space requirements and plug and play system. Specially designed for jewellery manufactures.
Subject provides spares and accessories for almost all kind of Laser Systems.
Subject opens up all the possibilities that laser marking has to offer today. the powerful , user-friendly software is the key to perfect result. The systems are remarkable for their compact diamantions.
The Laser power can be adjusted to suit the application on hand. The high beam quality and precise beam guidance a makes it possible to achieve excellent results. Low energy consumption and high through put makes it especially economical. The high Tech software makes its easy to alter parameter. The system has standardized interfaces under windows NT or 98/2000.
With the small space requirements and plug and play system. Specially designed for jewellery manufactures.
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.42.47 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.66.14 |
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 |
2 |
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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 |
1 |
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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 |
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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13 |
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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