MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIVERSAL ENGINEERING SYSTEM |
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Registered Office : |
16, K.K. Gupta Industrial Estate, Opp. Jawahar Talkies, Dr. R.P. Road,
Mulund (W), Mumbai – 400080, Maharashtra, India |
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Country : |
India |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Paint Making Machinery, Material Handling and Chemical
Plant Engineers, Turn Key Resin Plants
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RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Comments : |
Despite of our several approaches Mr. Purohit remained non cooperative
during current investigations Hence the concern’s status remains undetermined. No payment are available, Initially, it should be considered for any
business dealings on safe and secured trade terms and conditions We shall restart investigation if Mr. Purohit is convinced to part
require details for our assessment.
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INFORMATION
DECLINED BY
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Name : |
Mr. Purohit |
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Designation : |
Proprietor |
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Date : |
31.07.2008 |
LOCATIONS
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Registered Office : |
16, K.K. Gupta Industrial Estate, Opp. Jawahar Talkies, Dr. R.P. Road,
Mulund (W), Mumbai – 400080, Maharashtra, India |
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Tel. No.: |
91-22-25677581 / 67974236 |
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Mobile No.: |
91-9892760940 |
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Fax No.: |
91-22-67974236 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr. L.S. Purohit |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Paint Making Machinery, Material Handling and Chemical
Plant Engineers, Turn Key Resin Plants |
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Products : |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Cash and Credit (30 days / 60 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
10 |
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Bankers : |
Not Divulged |
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Auditors : |
N.A. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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Not Divulged |
LOCAL AGENCY FURTHER
INFORMATION
Web Details Attached
Machineries / Plants
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1. |
Pug Mixers |
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2. |
Sigma Mixers |
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3. |
High Speed/ Low Speed/ Twin Shaft
Dispersers |
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4. |
Continuous Sand Mill / Pearl Mill / Lab
Sand Mill / Batch Sand Mill / Attriator. |
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5. |
S.S. Limpet Coil Reactors. |
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6. |
S.S. Heat Exchangers. |
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7. |
Pressure Vessels. |
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8. |
Ribbon Blenders. |
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9. |
Solid Material Handling Systems Such As |
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10. |
Screw Conveyor, Bucket Elevator, Belt
Conveyor, |
Valves
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1. |
Flush Bottom Valve. |
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2. |
Sample Valve. |
Plants
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1. |
High Vac. Distillation Plants. |
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2. |
Alkyd Resin Plants |
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3. |
Polyester Resin. |
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4. |
Phenol Formadehyde |
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5. |
Pva Emulsion / Textiles / Binder /
Adhesive. |
Manufacturing Range
Project Executed
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a. Twin Shaft
dispersers 1000Lts – 2Nos. |
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a. Sand Mill – Lab |
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a. Sand Mill |
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a. High Speed Stirrer,
5HP Motor |
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a. Pug Mixer – 500Lts.
SS |
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a. Sand Mill |
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a. Sand Mill. |
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Sand Mill. |
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a. Sigma Mixer |
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a. S.S. Ribbon Mixer
10,000Lts. |
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a. Continuous Sand Mill |
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a. Twin Shaft Hydraulic
Disperser |
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a. S.S. Ribbon Blender - 1200Lts. Cap. |
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a. S.S. Ribbon Blender
6000Lts. |
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a. Alkyd Resin Plants – 3 Ton. |
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a. Alkyd Plant 2.5 Ton. |
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a. Ribbon Blender –
2000Lts. |
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a. Alkyd Resin Plant –
1Ton. |
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Polyester Resin Plant 3 Ton |
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High Speed Disperser |
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High Speed Mixer 1000Lts. (3Nos.) Low Speed Mixer 500Lts. (2Nos.) Twin Shaft Disperser 500Lts. (1Nos.) Pearl Mill (1Nos.) |
Project Executed Overseas
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a. S.S. Pug Mixer
1000Lts. |
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a. 3 Ton Alkyd Plant. |
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a. 3 Ton Alkyd Plant |
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a. Powder Blending / Powder filling System. |
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a. Powder, Blender S.S. |
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a. Alkyd Plant 10 Ton. |
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PVA Emulsion Plant -
6Ton |
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Powder Mixing / Conveying System |
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Tin Plant Machinery |
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.42.49 |
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UK Pound |
1 |
Rs.84.21 |
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Euro |
1 |
Rs.66.33 |
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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