MIRA
INFORM REPORT
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Report Date : |
07.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ECO WATER SOLUTIONS TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
B/83, Okhla Industrial Area, Phase -1, New Delhi – 110020 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
28.01.2004 |
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Com. Reg. No.: |
124331 |
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CIN No.: [Company
Identification No.] |
U74999DL2004PTC124331 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELE02928C |
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PAN No: |
AABCE4464E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Reverse Osmosis system for process and drinking
conventional pressure filters, Iron Removable Filters, Hydro Pneumatic
pressure Boosting system Sewage Treatments plants and Water Recycling and
turnkey Swimming Pool system. |
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/normal. |
Small |
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Maximum Credit Limit : |
USD 5445 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Directors are experienced
businessmen. The company operates from rented/leased premises. It is irregular in statutory compliance. It’s payments are reported as
slow. However, the company can be considered for small to mediocre business
dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sachidanand Rai |
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Designation : |
Director |
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Contact No.: |
91-9350042155 |
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Date : |
28.05.2008 |
LOCATIONS
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Registered Office: |
B/83, Okhla Industrial Area, Phase -1, New Delhi – 110020, India |
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Tel. No.: |
91-11-41024791/92 |
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Mobile No.: |
91-9350042155/9810003753 |
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Fax No.: |
91-11-41024790 |
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E-Mail : |
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Website : |
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Area : |
400 sq. meter |
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Location : |
Rented |
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Factory : |
H No 2567 Sangam Vihar, New Delhi – 110062 |
DIRECTORS
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Name : |
Mr. Sachchidanand Rai |
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Designation : |
Managing Director |
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Address : |
F – 116, Ground Floor, Sector -22, Noida – 201301, Uttar Pradesh,
India |
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Date of Birth / Age : |
20.09.1974 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
28.01.2004 |
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Name : |
Mrs. Gayatri Rai |
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Designation : |
Director |
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Address : |
F – 116, Ground Floor, Sector -22, Noida – 201301, Uttar Pradesh,
India |
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Date of Birth / Age : |
14.03.1981 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
30.09.2005 |
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Name : |
Mrs. Remma |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Sudheer Jaiswal |
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Designation : |
Manager Projects |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
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Names of Shareholders |
No. of Shares |
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Mr. Sachchidanand Rai |
84500 |
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Mrs. Gayatri Rai |
5500 |
Equity share breakup (Percentage of total equity)
As on 31.03.2007
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Sr. No. |
Category |
Percentage |
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1. |
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Reverse Osmosis system for process and drinking
conventional pressure filters, Iron Removable Filters, Hydro Pneumatic
pressure Boosting system Sewage Treatments plants and Water Recycling and turnkey
Swimming Pool system. |
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Products : |
v Reverse Osmosis
System for process and drinking v Conventional
Pressure filter, Iron removable filters v Hydro Pneumatic
Pressure Boosting System v Sewage Treatment
Plant and Water Recycling v Turnkey Swimming
Pool System |
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Exports : |
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Products : |
Reverse Osmosis System |
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Countries : |
v Bangladesh v African
countries v Arabian
countries |
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Imports : |
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Products : |
Components of this plants |
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Countries : |
v China v Taiwan |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
v Co-Operators v Power Finance
Corporation, New Delhi v Navrang
International, Gurgoan, Haryana v Laxmi Remote
India Private Limited, Noida, U.P. v Industrial Constructions
Company, New Delhi v Holistik India
Limited Noida, U.P. v Hindustan
Aeronautics Limited, New Delhi v Tirupati Aqua
Private Limited, New Delhi v Melcon Projects,
Okhla, New Delhi v Tripura Ispat,
Tripura v Classic
Automobiles, Silchur, Assam v Industrial Construction
Company – New Delhi v Diplomatic
mission shantidoot Apartment, Vasundhara Enclave New Delhi v
Fiber Internationalfaridabad, Haryana v
Wig Broters Construction Private Limited, Australian
High Commission, New Delhi v
Dulari Exports Private Limited, Gurgoan, Haryana v
Kins International,New Delhi v
Ajay Sethi, Director Of Elcome Technologies, Malibu
Town, Gurgoan,Haryana v
Y I Internationalokhla Phase –I,New Delhi v
Radhasoami Satsang Beas,New Delhi v
Manohar Marketing Jaipur v
Suraj Fabrics Indialimited, Bhilwara v
Elcome Technologies Private Limited, Gurgoan, Haryana v
Balaji Sales, New Delhi v
Combi Organochem (Private) Limited v
Yaman Jeevan Dhara Aqua Private Limited, Faridabad v
Jindal Industries, Faridabad, Haryana v
Shree Sumati Sugar Private Limited, Muzaffar Nagar,
Uttar Pradesh v
Chaudhary Gums Private Limited, Kishangarh, Jaipur;
Rajasthan. v
Acqua Therm Technologies, Chintamaniswar,
Bhubaneswar, Orissa. v
Shree Gopalji Foods Private Limited.
Koshi, Uttar Pradesh v
Essentia Luxus Private Limited. New Delhi v
Cheema Boilers Ltdmohali, Chandigarh, v
Sukhbir Agros Private Limited. Gurharsai, Punjab v
Ashokaengineering New Delhi v
Modern Electropower Private Limited. Noida, Uttar
Pradesh v
Mahesh Agarwal and Sons, Gurgoan, Haryana. v
Stock Dale Process Engineers, New Delhi v
Watertec Engineer, New Delhi v
D.A.V.Centanatary Public School, Noida v
Fr. Angel Schoolnoida v
Bharat Construction Company, Gurgoan, Haryana v
Sharda Acqua Industries, Dehradoon v
Ocean Blue v
Revose Acqua, New Delhi v
Parie Acqua Inc. New Delhi v
Himanshu Beverages, Bhilai v
High Life v
Five Star, Alwar v
Suraksha Packaging v
All Scape Polymer Private Limited, Faridabad v
International Scientific Instrument Company |
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No. of Employees : |
40 |
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Bankers : |
v Union Bank of
India, Railway Station Branch, Varansi v ICICI Bank,
Green Park Branch, New Delhi |
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Facilities : |
SOD – Rs. 0.212 million |
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Auditors : |
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Name : |
v Mr. Yogendra
Kapoor, Chartered Accountants Delhi v Mr. G D Dube,
Chartered Accountants Banaras |
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Sister Concerns : |
Navnitta Beverages Address : Varansi Co-packaging arrangement for bislary International Private Limited |
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 |
Issued, Subscribed & Paid-up 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 |
FINANCIAL DATA
[all figures are in Rupees Millions]
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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 |
1.000 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.089 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.013) |
(0.072) |
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NETWORTH |
1.089 |
0.087 |
0.028 |
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LOAN FUNDS |
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1] Secured Loans |
0.038 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.117 |
0.568 |
0.519 |
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TOTAL BORROWING |
0.155 |
0.568 |
0.519 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1.244 |
0.655 |
0.547 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.419 |
0.140 |
0.008 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
5.321
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2.144 |
1.322 |
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Sundry Debtors |
3.351
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0.125 |
0.960 |
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Cash & Bank Balances |
0.854
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0.071 |
0.082 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
1.557
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0.080 |
0.187 |
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Total
Current Assets |
11.083
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2.420 |
2.551 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
10.152
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1.911 |
2.021 |
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Provisions |
0.109
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0.000 |
0.000 |
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Total
Current Liabilities |
10.261
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1.911 |
2.021 |
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Net Current Assets |
0.822
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0.509 |
0.530 |
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MISCELLANEOUS EXPENSES |
0.003 |
0.006 |
0.009 |
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TOTAL |
1.244 |
0.655 |
0.547 |
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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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9.42 |
21.97 |
72.18 |
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Current Ratio (Current Asset/Current Liability) |
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1.08 |
1.27 |
1.26 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from H No 2567,
Sangam Vihar, New Delhi – 110062, India to B – 83, Okhla Industrial Area, Phase
– I, New Delhi – 110020, India with effect from 20.08.2004
Table
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Parameters |
Details |
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Statutory
Approvals |
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Income Tax Registration PAN |
AABCE4464E |
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Service Tax Registration |
AABCE4464EST001 |
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VAT / TIN Registration |
07380271863 |
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Import Export Code |
0506063470 |
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Name of Bank |
ICICI Bank |
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Current Account Number |
007105001968 |
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Account Since |
2004 Onwards |
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Emp OF Reg No |
No |
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Company ESI Reg No |
No |
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Credibility
Factors |
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India Mart Client Since |
3 Years |
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Trade
Affiliations |
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SSI Registration |
No |
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Export Promotion Council |
No |
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Chambers of Commerce Membership |
No |
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Standards and
Certifications |
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Quality Management Systems |
Yes |
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Environment Management Systems |
No |
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Safety Certificates |
No |
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Product Certificates |
No |
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Other Certificates |
ISO 9001:2000 |
Trade References
v
Laxmi Remote India Private Limited – Noida
v
Hindustan Aeronautech – Delhi
v
P V P Group – Delhi
As per website:
Subject is dealing in water handling, waste water treatment and
recycling system with an industry than 10 years in water and waste water
treatment although the name is last couple of years, the team behind the
organization is the renowned India water treatment industry.
The company has its own manufacturing facility in more that includes
fabrication and pilot testing facilities within the workstation.
The company is a bunch of professionals from the industry having
installation, commissioning, and after sales services.
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 :
The 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.
The 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. 42.79 |
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UK Pound |
1 |
Rs. 83.77 |
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Euro |
1 |
Rs. 66.71 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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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36 |
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 |
|
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/normal. |
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 |
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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