MIRA
INFORM REPORT
|
Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot A28 / 1 /10, IDA Nacharam, Hyderabad – 500076, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
22.03.2007 |
|
|
|
|
Com. Reg. No.: |
53228 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24110AP2007PTC053228 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Starch Plants, Glucose Plants, Turnkey
Projects. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has taken over the running business of erstwhile partnership
concern Universal P rocess Engineers established in 1989. Trade relations are
fair. Business is active. Payments are reported as usually correct and as
per commitments. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Mr. Syed Habeeb |
|
Designation : |
Director |
|
Contact No.: |
91-9849052100 |
|
Date : |
03.06.2008 |
LOCATIONS
|
Registered Office / Factory : |
Plot A28 / 1 /10, IDA Nacharam, Hyderabad – 500076, Andhra Pradesh,
India |
|
Tel. No.: |
91-40-27172573 |
|
Fax No.: |
91-40-27179701 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1 acre |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Syed Ishmael |
|
Designation : |
Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, Hyderabad
– 500011, Andhra Pradesh, India |
|
Date of Birth/Age : |
11.07.1950 |
|
Qualification : |
Mech. Eng. |
|
|
|
|
Name : |
Mr. Syed Habeeb |
|
Designation : |
Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, Hyderabad
– 500011, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.08.1976 |
|
Qualification : |
BE. Chemical |
|
|
|
|
Name : |
Mr. Syed Osman |
|
Designation : |
Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, Hyderabad
– 500011, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.04.1975 |
|
Qualification : |
BE. Mech |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 23.02.2007
|
Names of Shareholders |
No. of Shares |
|
Mr. Syed Ishmael |
6000 |
|
Mr. Syed Habeeb |
2000 |
|
Mr. Syed Osman |
2000 |
|
Total |
10000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Starch Plants, Glucose Plants, Turnkey
Projects. |
|
|
|
|
Products : |
v Fine Grinder Double Rotating v Sifter |
|
|
|
|
Exports : |
|
|
Countries : |
v African
countries v Middle East v Algeria v Bangladesh v Abidjan |
|
|
|
|
T |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
Credit ( Cheque) |
GENERAL
INFORMATION
|
Customers : |
v End Users Esteemed
Customers v M/s. Waterford,
Nigeria. v M/s. Agro Nepal
Limited., Nepal. v M/s. Vijaynagar Biotech
Limited India. v M/s. Family
Cereal Limited., Malaysia. v M/s. Starch Chem
Consultants & Engineers Private Limited., India. v M/s. IMCL, India
– Collaboration with Starcosa, West Germany. v M/s. Bharat
Starch & Chemicals Limited., India (Thaper Group). v M/s. Sahyadri
Starch Industries, India. v M/s. Bhavari
Starch Private Limited., India v M/s. Kisan
Starch Limited., India. v M/s. Shrenik
Starch Private Limited., India. v M/s. Yeshwanth
Glucose Kharkhana Limited., India (Co-Operative). v M/s. Shri Devji
Agro Industries Private Limited., India. v M/s. Radhanagri
Starch, India (Co-Operative). v M/s. Universal
Starch & Allied Private Limited., India. v M/s. Sukhjit
Starch Private Limited., India. v M/s. Tirupati
Starch Limited., India. v M/s. Santosh
Maize & Industries Limited., India. v M/s. Nulli
Starch, India. v M/s. Rajaram
Maize Products Limited, India. v M/s. Rajaram
Brother Limited., India. v M/s. Lakshmi
Starch Limited., India. v M/s. Kayshyap
Sweetners, India. v M/s. Vensa
Biotech Limited., India. v M/s.Gulshan Polyols
Private Limited., India. v M/s. Devi Corn
Products Limited, India. Tapioca Starch
& Sago Industries v M/s. Devi Corn Products Limited, India. v M/s. Vensa Biotech Limited., India. v M/s. Santosh Starch Private Limited., India. v M/s. Sri Srinivasa Sago, India. v M/s. S.L.S. Biotech Private Limited., India. v M/s. Ravi Sago, India. v M/s. Vedant Tapioca Private Limited., India. |
|
|
|
|
No. of Employees : |
30 |
|
|
|
|
Bankers : |
State Bank of India, I A Branch |
|
|
|
|
Facilities : |
CC – Rs. 15.000 millions |
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Sesha Prasad and Company, Chartered Accountants |
|
Address : |
Hyderabad |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.010
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover (Estimated) |
|
90.000 |
78.000 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U24110AP2007PTC053228 |
|
Name of the
company |
UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot A28 / 1 /10, IDA Nacharam, Hyderabad – 500076, Andhra Pradesh,
India |
|
Type of charge |
v Immovable
property v Movable property
(not being pledge) v Book debts |
|
Particular of
charge holder |
Name : State Bank
of India Address :
Nacharam, IDA City : Hyderabad State : Andhra
Pradesh ISO country code
: IN Pin code : 501507 e-mail ID : sa.03098@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
SME 1 – Letter of Agreement SME 2 – Agreement of Loan cum hypothecation SME 7 – Memorandum for recording extension of mortgage by deposit of
title deeds covering enhanced limit sand/or creation of equitable mortgage on
additional properties for expending limits and enhanced and additional
facilities. SME 12 : Link letter |
|
Date of
instrument Creating the charge |
12.01.2008 |
|
Amount secured by
the charge |
Rs. 15.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Working Capital :
Interest at 1% Below State bank advance rate (SBAR) (SBAR=12.75% w.e.f.
09.04.2007) with a minimum of 13.75% p.a. Terms of
repayment Repayable on
demand facility which has been sanctioned on 24.11.2007 is available for 12
months form the date, subjects to review every 6 months. When it may be
cancelled / reduced depending upon the conduct and utilisation of the advance
or as per the Bank’s scheme. Margin Raw material :
Imported : 25% Raw Material :
indigenous : 25% Semi Finished
Goods : 25% Finished Goods :
25% Components/
Consumables/Spares : 25% Domestic
Receivables : 40% Bank Guarantees :
25% Extent operation
of the charge The charge
extends and operates on 1. Stocks, receivables
and all chargeable current assets of the company. 2. House Property
H.No. 4-88/3, Survey no. 34, Plot no. 29, Ferozguda, Hyderabad 3. Factory land
and building Plot no. A28/1/10 at IDA Nacharam 4. Office
Premises of 489 Sq. yds at S D Road, Secunderabad. |
|
Short particulars
of the property charged |
Primary Security:
Hypothecation of stock and receivable and all chargeable current assets of
the company Collateral Security. 1. House Property
H. No. 4-88/3, servey no. 34, Plot no. 29, Ferozguda, Hyderabad 2. Factory land
and building plot no. A 28/1/10 at IDA Nacharam 3. Office
Premises of 489 Sq yds at S D Road, Secunderabad |
Profile:
They manufacture equipments and machinery for the following products.
v
Starch & Modified Starch
v
Liquid Glucose (Acid or Enzyme Conversion)
v
Dextrose Monohydrate and dextrose anhydrous
v
Malto-Dextrin Syrup
v
Malto Dextrin Powder (white & yellow)
v
Sorbitol – ‘D'
v
High Fructose Corn Syrup
Trade References
v Sahayadri Starch Industries Limited – Sangli
v Bharat Starch Industries Limited – Haryana
v Vijay Nagar Biotech Private Limited - Visakhapatnnam
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.63 |
|
UK Pound |
1 |
Rs. 83.40 |
|
Euro |
1 |
Rs. 65.80 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|