MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIVERSAL POLLUTION CONTROL |
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Registered Office : |
36 – A, Chandivali Farm, Opp. Mahada Colony, Sakinaka, Andheri (East),
Mumbai – 400 072, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1983 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Industrial Blowers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Though subject uses the words “Private Limited” in its name, it has
still not been registered with the government departments. Subject is a Proprietory concern meeting its normal commitments
timeously. Trade relations are fair. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Ms. Sela |
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Designation : |
Accountant |
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Name : |
Mr. Shami |
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Designation : |
Accountant |
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Contact No.: |
91-9322326735 |
LOCATIONS
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Registered Office / Factory : |
36 – A, Chandivali Farm, Opp. Mahada Colony, Sakinaka, Andheri (East),
Mumbai – 400 072, Maharashtra, India |
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Tel. No.: |
91-22-2907645 / 28470522 / 28472701 / 28470220 |
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Mobile No.: |
91-9322694291 / 9324245980 |
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E-Mail : |
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Website : |
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Location : |
Rented |
PROPRIETOR
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Name : |
Mrs. S Prespilla Miranda |
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Designation : |
Proprietor |
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Date of Birth/Age : |
59 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Industrial Blowers. |
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Products : |
v Centrifugal
Blowers v Twin Lobe
Blowers v Axial Flow Fans v Air Filters v Rotary Feeders v Evaporative
Cooling System v Cyclones v Multi Cyclones |
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Exports : |
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Countries : |
Kenya |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
v Direct Customers v Thermax Limited v Maihar Cements
Limited v Dr. Beck and
Company India Limited v Bharat
Electronics v ION Exchange
India Limited v Sanghi
Organisation v Mahindra
Sintered Products v Pavitra Textiles
Limited v Standard
Fabricators v Eagle Flask v Findlex Cables v Special Steel
Limited v Subhash Textiles v Enecon Engineers v Grauer and WEIL
Limited v Reliance
Petrochemicals Limited v
Krupp Industries Limited. v
Andhra Cement Limited v
N H E C Limited. v
Suryatronics Private Limited v
Fortek Engineers. v
Nelco v
B H E L v
Jindal Strips Limited, Vasind v
Vijayshree Equipments Private Limited v
Watco Technics v
Bajaj Auto Inds Limited v
Ultra Dytech v
Narmada Cement. v
Laxmi Boilers v
B A R C v
R C F Limited v
Raasi Cement Limited v
Borosil Glass Works v
Indabrator Limited v
Dept.Of Atomic Energy.Madras v
N G C v
Nuclear Power Project v
M S E B v
Diamond Cement v
Walchandnagar Inds. v
Orinance Factory v
Bank Note Press. v
Binny Limited v
Power Electornics. v
Kirloskar Electrodyne Limited v
Jct Limited v
Hindustan Dorr Oliver Limited v
J.N.Marshall Private Limited v
Uppeer Ganges Sugar & Inds Limited v
Rosa Sugarworks Limited v
The Ravalgaon Sugar Farm Limited v
Crompton Greaves Limited v
Bajaj Hindustan Limited v
Sudarshan Chemicals v
Atv Projecst (India) Limited v
I A E C Boilers Private Limited v
Filtron Engg Private Limited v
Voltas Limited v
Telco Limited v
Lipi Consultants Limited v
Banaco v
Geico Systems Private Limited v
Garden Vereli v
Josts Engg. Company Limited v
Western Ministil Limited v
Associated Capsules Limited v
Int`L Airport Authority Of India v
Jindal Iron & Steel Limited v
Indian Rayon Inds Limited v
Gujarat Alkli & Chem. Limited v
Punjab Alkali & Chem. Limited v
United Phosphorous Limited v
Batliboi & Company Limited v
Taj-Gcc Air Caterers Private Limited v
Allied Consulting Engg. v
Eta Engineering Limited v
Meta Strips Limited v
Siyaram Silk Mills Limited v
Fourtech Engineers Limited’ v
Econ Engineers. v
Vora Packaging. v
Mc Clelland Engineers Limited v
Pioneer Furnaces Limited v
Jindal Strips Limited v
German Remedies v
Ntpc Limited v
Raptakos, Brett And Company Limited v
Allied Electro-Mechanicals Private Limited v
Godrej Ge Applinces Limited |
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No. of Employees : |
120 |
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Bankers : |
Bank of Baroda |
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Facilities : |
CC |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
BS Brabe and Company, Chartered Accountants |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
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Sales Turnover |
55.000 |
Expected Sales (2008-09): Rs. 70.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Thermax Limited – Pune
v Allied Furnaces
v Jubilant Organosys Limited
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. 42.24 |
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UK Pound |
1 |
Rs. 83.26 |
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Euro |
1 |
Rs. 65.58 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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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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45 |
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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