MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRAMA INTECH PRIVATE LIMITED |
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Registered Office : |
Prama House, 21, Cama Industrial Estate, Walbhat Road, Near Saibaba Temple,
Goregaon( East), Mumbai-400063, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.07.1996 |
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Com. Reg. No.: |
11-101082 |
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CIN No.: [Company
Identification No.] |
U31300MH1996PTC101082 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP16787B |
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PAN No.: [Permanent
Account No.] |
AAACP6135G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Trader and Exporter and Indenting Agents 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 15000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its field. Trade relations
are fair. Scale of activity is limited. No complaints have been heard. The company can be considered for small to mediocre business dealings. |
INFORMATION PARTED
BY
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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 : |
Prama House, 21, Cama Industrial Estate, Walbhat Road, Near Saibaba
Temple, Goregaon( East), Mumbai-400063, Maharashtra, India |
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Tel. No.: |
91-22-67110600/ 67110614 |
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Mobile No.: |
91-9323674614/ 9323677615 |
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Fax No.: |
91-22-67110615/ 67110614 |
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E-Mail : |
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Website : |
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Corporate Office : |
1/1, Yadav Mishra Compund Opposite Asmita High School, Jogeshwari
(East), Mumbai, Maharashtra, India |
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E-Mail : |
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Factory : |
C-113, Stice. Sinnet, District Nashik-422112, Maharashtra, India |
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Tel. No.: |
91-2551-240282 |
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Fax No.: |
91-2551-240989 |
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Baroda Branch office: |
27, Shantam Estate, Near Rameshwar Temple, Near Shankant Park, Santa Chodi,
Subhanpura High School Raod, Baroda-390021, Gujarat, India |
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Tel. No.: |
91-265-386706 |
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Mobile No.: |
91-9376233009 |
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E-Mail : |
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Delhi Branch
office: |
F-66/1,Chhattarpur, Ext. New Delhi-74, India |
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E-Mail : |
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Branch Office: |
Located at :- ·
Chennai ·
Kolkata ·
Hyderabad ·
Nashik |
DIRECTORS
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Name : |
Mr. Madan Mishra |
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Designation : |
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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Date of Appointment : |
15.07.1996 |
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Name : |
Mr. Umesh Mishra |
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Designation : |
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 : |
29.09.1972 |
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Date of Appointment : |
15.07.1996 |
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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25000 |
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Umesh Mishra |
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25000 |
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Total |
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50000 |
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List of Allottees |
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No. of Shares Allotted |
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Madan Mishra |
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100000 |
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Umesh Mishra |
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100000 |
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Vimla Mishra |
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15000 |
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Usha U Mishra |
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10100 |
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K M Tripathi |
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100000 |
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Meena Tripathi |
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15000 |
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Total |
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340100 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter and Indenting Agents of laboratory
Equipments |
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Exports : |
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Countries : |
·
Europe ·
America ·
Japan ·
China |
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Imports : |
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Countries : |
·
Europe ·
China ·
Japan |
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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 : |
End Users and OEM’s |
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No. of Employees : |
100 |
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Bankers : |
HDFC Bank, Versova Branch, Andheri (West) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V.A. Mishra and Associates Chartered Accounted |
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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/Subsidiaries : |
·
Prama Group ·
Prama Analytics Private Limited Address: Prama House, 21, Cama Industrial Estate, Walbhat Road, Near
Saibaba Temple, Goregaon( East), Mumbai-400063, Maharashtra, India ·
Prama Instruments Private Limited Address: Prama House, 21, Cama Industrial Estate, Walbhat Road, Near
Saibaba Temple, Goregaon( East), Mumbai-400063, Maharashtra, India |
CAPITAL STRUCTURE
As on 30.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up 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 |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.500 |
0.500 |
0.500 |
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2] Share Application Money |
0.800 |
3.401 |
3.401 |
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3] Reserves & Surplus |
1.802 |
1.672 |
1.506 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.102 |
5.573 |
5.407 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.020 |
0.644 |
0.171 |
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TOTAL BORROWING |
0.020 |
0.644 |
0.171 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.122 |
6.217 |
5.578 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.840 |
0.952 |
1.083 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.406 |
2.312 |
1.748 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.310
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0.552 |
0.280 |
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Sundry Debtors |
5.681
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6.317 |
7.126 |
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Cash & Bank Balances |
0.558
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1.674 |
2.196 |
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Other Current Assets |
0.045
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0.043 |
0.043 |
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Loans & Advances |
2.297
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7.016 |
3.639 |
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Total
Current Assets |
8.891
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15.602 |
13.284 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
4.660
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8.983 |
7.120 |
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Provisions |
3.355
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3.674 |
3.425 |
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Total
Current Liabilities |
8.015
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12.657 |
10.545 |
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Net Current Assets |
0.876
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2.945 |
2.739 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.009 |
0.008 |
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TOTAL |
3.122 |
6.218 |
5.578 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.59
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2.39 |
1.98 |
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Current Ratio (Current Asset/Current Liability) |
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1.11
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1.23 |
1.26 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
·
Ranbaxy
·
Cipla
·
Wockhardt
AS PER WEBSITE
Group:
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
Sound 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.
Prama
Intech
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Varnished fiber glass sleevings
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Double walled Fibreglass Sleevings
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Fibre glass solid coards
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Ployester Sleeves
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Flame retardant Fibreglass Sleevings
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Fibre glass cable
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Fibre glass unvarnished tape
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
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Indian Rupees |
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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 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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35 |
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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