MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRAMA ANALYTICS PRIVATE LIMITED |
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Registered Office : |
Prama House, 21 Cama Industrial Area, Walbhat Road, Goregaon (East),
Mumbai – 400063, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.10.2004 |
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Com. Reg. No.: |
11-149063 |
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CIN No.: [Company
Identification No.] |
U33110MH2004PTC149063 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP23463G |
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PAN No.: [Permanent
Account No.] |
AAECM0838K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Laboratory Equipments |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 4000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is 4 years old company having moderate track. The company has
not filed any financials after 2006 with the Government department and the management
declined to part the same. No complaints have been heard from market sources. The company can be considered for small to mediocre business dealings.
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INFORMATION PARTED
BY (GENERAL DETAILS)
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Name : |
Mr. Umesh Mishra |
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Designation : |
Director |
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Date : |
02.12.2008 |
LOCATIONS
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Registered Office/ Factory : |
Prama House, 21 Cama Industrial Area, Walbhat Road, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-67110600/ 601/ 614 |
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Mobile No.: |
91-9323674614/ 9323674615 |
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Fax No.: |
91-67110615 |
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E-Mail : |
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Website : |
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Branch Office : |
Nashik C-113, STICE, Sinner, District Nashik – 422112, Maharashtra, India Tel No.:91-2551-240282 Fax No.:91-2551-240989 Hyderabad 1-11-167-2/D, Shyamlal Building, Begumpet, Hyderabad – 500016, India Tel No.:91-40-55312174 Fax No.:91-40-55322174 Mobile No.:91-9848012174 Email: Hyderabad@pramagroup.com Delhi F – 66/1, Chhattarpur, Extension, New Delhi – 110074, India Email : delhi@pramagroup.com Baroda 27, Shantam Estate, Near Rameshwar Temple, Near Shrikant Park, Samta
Chokdi, Subhanpura High School Road, Baroda – 390021, India Tel no.: 91-265-386706 Mobile No 91-9376233009 Email : Baroda@pramagroup.com Kolkata 1F 10/11, Labony Esate, Salt Lake, Kolkata – 700064, India Mobile : 91-9830114021 Email : info@pramagroup.com Chennai 11/2A, Gandhi Street, Postal Audit Colony, Sagligramam, Chennai –
600093, India Tel No.:91-40-23765380 Mobile No.: 91-9840089130 Email : info@pramagroup.com |
DIRECTORS
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Name : |
Mr. Madan Mishra |
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Designation : |
Managing Director |
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Address : |
C – 512, 5th Floor, Dheeraj Valley, Near Sai Baba Complex,
Goregaon (East), Mumbai – 400065, Maharashtra, India |
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Date of Birth/Age : |
10.02.1966 |
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Qualification : |
Mechanical Engineering |
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Experience : |
18 years |
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Date of Appointment : |
11.10.2004 |
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Name : |
Mr. Umesh Mishra |
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Designation : |
Director (Business Development) |
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Date of Birth/Age : |
36 years |
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Qualification : |
Marketing and Taking Care of Business Development |
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Name : |
Mr. Girish Vasant Sant |
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Designation : |
Director |
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Address : |
5/G, A Wing, Siddhivinayak, Tower Kolbad, Thane – 400601, Maharashtra,
India |
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Date of Birth/Age : |
30.11.1962 |
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Date of Appointment : |
11.10.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2006)
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Names of Shareholders |
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No. of Shares |
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Madan Mishra |
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5000 |
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Girish Vasant Sant |
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5000 |
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Total |
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10000 |
(As on 30.09.2007)
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Category |
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Percentage
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Directors or relatives of director |
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50.00 |
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Other top fifty shareholder (Other than Listed above) |
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50.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Laboratory Equipments |
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Agencies Held : |
They have agencies but not given (Foreign agencies) |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
Credit (30 days), Advance T/T |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
25 |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
V. A. Mishra and Associates Chartered Accountant |
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Address : |
6, Nand Bhavan, 2nd Floor, Opposite Sports Complex, J P
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Associates : |
Prama House, 21 Cama Industrial Area, Walbhat Road, Goregaon (East),
Mumbai – 400063, Maharashtra, India
Prama House, 21 Cama Industrial Area, Walbhat Road, Goregaon (East), Mumbai
– 400063, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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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 |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.350 |
0.000 |
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3] Reserves & Surplus |
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0.291 |
0.035 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.741 |
0.135 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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2.381 |
2.633 |
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TOTAL BORROWING |
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2.381 |
2.633 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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3.122 |
2.768 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.200 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.118 |
0.226 |
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Sundry Debtors |
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6.623 |
2.197 |
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Cash & Bank Balances |
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0.264 |
0.593 |
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Other Current Assets |
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0.589 |
0.424 |
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Loans & Advances |
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0.169 |
0.000 |
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Total
Current Assets |
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7.763 |
3.440 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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4.531 |
0.599 |
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Provisions |
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0.310 |
0.073 |
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Total
Current Liabilities |
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4.841 |
0.672 |
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Net Current Assets |
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2.922 |
2.768 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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3.122 |
2.768 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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9.45 |
24.48 |
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Current Ratio (Current Asset/Current Liability) |
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1.60 |
5.12 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 1/1 Yadav and
Mishra Compound, Opposite Asmita High School, W E Highway, Jogeshwari (East),
Mumbai – 400060, India to the present address w.e.f. 03.04.2008.
Website Details:
Profile:
Mr. Madan Mishra, with a vast expertise
in Mechanical Engineering founded Prama Engineering Company in a very humble
way, in the year 1991. It all began with just a Capital of INR 70,000, an
office space of 100 Sq. ft and employee strength of 2 persons.
In its nascent avatar, Prama Engineering
company, Mumbai, had two Mechanical Fabrication Machines and used to produce
Nuts, Ferrules, Unions, Adaptors and other mechanical items useful in
manufacturing of Gas Chromatographs
In the
Year 1994 it has converted into Prama Instruments Private Limited under Indian
company’s act 1956 and over the years, Prama has grown in all spheres. With a
nation-wide network of offices, Clientele comprising of all Major
Pharmaceutical Companies and Premier Research Laboratories Like Ranbaxy, Dr
Reddy's Laboratories Limited, Cipla Limited, Lupin Limited, Ipca, Matrix
Laboratories Limited etc.. , a team size of over 50, company has established
itself in the areas of Analytical Laboratory Equipment.
In the
year 1994 company has started his new company know as Prama Intech Private
Limited at MIDC Sinner , Nashik to Manufacture the Electrical Insulation and
sleeving to serve the electrical Industry having the customers like Crompton
Greevees India Limited, Bharat Bijlee Limited, Jyoti Limited,
In the
Year 2004 the company has started his new venture as subject for dealing in
Imported instruments like Elemental Analysers ,Titrators as well as Sample
preparation system for Ion Chromatograph, Gas Generators, Laboratory Fume
Hoods, Anti-vibration tables, and furniture’s, along with the other laboratory
instruments and consumables.
The
recent endeavor to provide Complete Solutions to all laboratories has seen
Prama add world-class Lab furniture and other Analytical Instruments to its portfolio.
Madan
Mishra - Managing Director
With 18 years of Experience in Mechanical Engineering he is
keeping PRAMA in the Top of the Line
Umesh
Mishra - Director Business Development
Gound experience in Marketing and taking care of Overall Business
Development of the Company
Girish
Vasant Sant
Taking care of Northern part of India. Contact person for
Mitsubishi Products.
Narendra
Giri
Graduate in Mechanical Engineering and
taking care of Eastern States of India. Expert in Installing Gas Distribution
Systems. Responsible for Messer, GFL, BMT Products Promotion.
G L
Sreenivas
Electronics Engineer having 8 years
experience in Serving Laboratory Needs. Concentrating on Southern States of
India. Responsible for Customer Support.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.52 |
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UK Pound |
1 |
Rs.75.08 |
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Euro |
1 |
Rs.63.72 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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27 |
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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