MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALISHA MACHINES PRIVATE LIMITED |
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Registered Office : |
Jivan Mangal Flat No. 2, Plot No. 233 Sector-3, Charkop Kandivali
(West), Mumbai – 400 067, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
10.12.2004 |
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Com. Reg. No.: |
11-149942 |
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CIN No.: [Company
Identification No.] |
U29297MH2004PTC149942 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA24504E |
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PAN No.: [Permanent
Account No.] |
AAFCA0150P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Supplier of Plant and Machinery for Toilet / Laundry
/ Detergent Soaps and Powders, Garment Processing Machines and Commercial
Washing Machines. |
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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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company meeting its smaller commitments slightly
over times. Trade relations are fair. Mr. Milind declined to part with any
details. The company can be considered good for small to mediocre business
dealings. |
INFORMATION
DECLINED BY
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Name : |
Mr. Milind Shankar Parkar |
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Designation : |
Director |
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Contact No.: |
91-9892112712 |
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Date : |
18.07.2008 |
LOCATIONS
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Registered Office : |
Jivan Mangal Flat No. 2, Plot No. 233 Sector - 3, Charkop Kandivali
(West), Mumbai – 400 067, Maharashtra, India |
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E-Mail : |
miliandparkar@alishamachines.com |
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Website : |
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Factory : |
Alisha House, Plot No. 74, Sector-1, Charkop, Kandivali (West), Mumbai
– 400 067, Maharashtra, India |
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Tel. No.: |
91-22-28677656 |
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Mobile No.: |
91-9892112712 |
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Fax No.: |
91-22-28677656 |
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E-Mail : |
milindparkar@alishamachines.com |
DIRECTORS
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Name : |
Mr. Milind Shankar Parkar |
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Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Milind Shankar Parkar |
8000 |
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Mrs. Nilambari Milind Parkar |
2000 |
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Total
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Plant and Machinery for Toilet / Laundry /
Detergent Soaps and Powders, Garment Processing Machines and Commercial
Washing Machines. |
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Products : |
·
AMPL Soap
Making Machines ·
AMPL Pump
and Pumping Systems ·
AMPL
Material Handling Equipments ·
AMPL Vacuum
Spray Dryer ·
AMPL Process
Automation ·
AMPL Laundry
Machines / Garments Processing
Machines ·
AMPL
Chemical Processing Equipment ·
AMPL Mixers ·
AMPL
Packaging Machines ·
AMPL
Detergent Powder Plants (Dry Mix Process) ·
AMPL Labsa
Plant ·
AMPL on Line
Cutter ·
AMPL
Vibrator / Sifter / Sieves ·
AMPL Dryer ·
AMPL Triple
Roll Mills ·
AMPL Valves ·
AMPL
Extruders ·
AMPL
Sterilizers ·
AMPL Spray
Dryer (Detergent Powder, Foods, Dies) ·
AMPL Soap
Moulds ·
AMPL Lab
Research |
GENERAL
INFORMATION
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Bankers : |
Canara Bank, New Marine Lines Branch, New Marine Lines, Mumbai – 400
020, Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
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
FORM 8:-
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Name of the
company |
ALISHA MACHINES PRIVATE LIMITED |
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Presented By |
Canara Bank, New
Marine Lines Branch, Mumbai – 400 020 |
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1) Date and description
of instrument creating the change |
Common
hypothecation agreement dated 23.09.2005 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
Hypothecation of stock
of raw materials, work in progress, finished goods , packing materials lying
at factory at Ghodbunder Village Road, Mira Thane – 401 104 |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
Interest : Interest @ 7.5% pa
compounded quarterly (Concessional rate of the interest) for the Concessional
period of 90 days or at such rate or rates prescribed for the RBI from time
to time and if loans granted against such entitlement is not repaid with in
the period specified above the borrower shall pay interest at 14.75 % p.a
compounded quarterly or at such others rates prescribed by the RBI. |
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5) Name and
Address and description of the person entitled to the charge. |
Canara Bank, New
Marine Lines, Mumbai – 400 020 |
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6) Date and brief description of instrument
modifying the charge |
Common
hypothecation Agreement dated 23.09.2005 |
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7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
The original
dated 23.09.2005 for Rs. 10.000 millions is modified as under The charge is
further secured by : EMT of flat No. 2
on 1st floor, Jeevan Nangal CHS Limited, Charkop, Kandivali (West),
Mumbai – 400 667 Standing in the name of Mr. Milind S Parkar. Assignment of 3
LIC policies bearing No. 891341089, 891340583 and 892583814 in the name of
Mr. Parkar. Hypothecation of
machinery having WDV of Rs.0.229 million. |
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Corporate
identity number of the company |
U29297MH2004PTC149942 |
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Name of the
company |
ALISHA MACHINES
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Jivan Mangal Flat
No. 2 Plot No. 233, Sector -3, Charkop Kandivali (West), Mumbai – 400 067,
Maharashtra, India |
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This form is for |
Modification of
Charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Canara bank New Marine lines branch,
New Marines Lines, Mumbai – 400 020,
Maharashtra, India E-Mail: sjatec@touchtelindia.net |
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Amount secured by
the charge |
Rs. 10.000
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
As per agreement |
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Description of
the property charged indicating whether it is a charged on |
Stock in trade |
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Particulars of
the property charged |
Hypothecation of stock
of raw materials, work in progress, finished goods, packing materials lying
at factory at Ghodbunder Village Road, Mira , Thane – 401 104 |
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Brief description
of the instrument modifying the charge under section 135 |
Supplemental
common hypothecation agreement |
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Particulars of
the present modification |
The charge is
increased from Rs. 12.500 millions to Rs. 14.800 millions. Reassign charge
from Canara Bank new marines lines branch to Canara Bank Overseas II Branch. |
Notes :-
Mr. Milind Shankar
Parkar told that he is not a client of Indiamart Intermesh-New Delhi .
WEBSITE DETAILS:-
Company Profile:
Subject is a manufacturer and supplier of plant and machinery for toilet
/ laundry / detergent soaps and powders, garment processing machines and
commercial washing machines.
They also provide complete turnkey solutions
for customers wishing to initiate manufacturing activities of these products.
With industry leading expertise and experience, they have since 1989 established
a reputation of excellence in products and services.
Activities and Scope of work
Manufacturing:
They have the capability to undertake complete
designing, engineering, manufacturing and providing turnkey installation for
soap and allied industries, these
services covers conceptualizing and developing building plans, plant lay outs,
utilities installations, as well as the development of allied accessories
required by buyers.
Re installation and Regular- engineering of used projects:
They provide complete assistance in the
complete shifting and Re- engineering of full – scale plants. The purview of
their Re-installation and commissioning services covers dismantling of
machinery, equipment, pipe lines and utilities to desired locations.
Formulation / Raw Materials Sourcing and Product Development:
Their sourcing expertise stems their long
experience in the industry serving the diverse needs of their wide base of
customers. With a database of suppliers extending across the world, they have
the capability to source and supply any raw materials or product desired or
required by their customers.
Overhaul and maintenance of existing plants:
They provide special packages for their
customers involved in soap making which includes an annual maintenance contract,
This contract covers regular visits by their support personnel to check the
customers plant set –up and evaluate machinery performance undertake complete
lubrication and supply required spare parts.
Batch and process automation:
They have considerable expertise in providing
complete automation of batching as well as managing the entire batching process
with advanced equipment; they have the capability to handle instrumentation for
ensuring maximum precision and accuracy.
Quality
They conduct stringent quality control checks
over the production. Since 90% of their products are exported to various
countries, therefore they lay special emphasis over the quality of their
including SGS, comic, EIL and more.
Moreover, they practice stage – wise inspection,
which include inspection of metals lime stainless steel / mild steel / casting.
All products undergo laboratory testing like mechanical and chemical
properties, ultrasound teats for crack detection and more. They conduct live
mechanical trials for bought out items like boilers / coolers / chillers /
pumps at vendors workshops.
They also provides all test certificates and
reports with the machines and their instruction and operation manuals
are prepared by the team of their experienced
engineers.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.73 |
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 |
YES |
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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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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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