MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
UMANG PHARMATECH PRIVATE LIMITED |
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Registered Office : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off New
Link Road, Andheri (West),
Mumbai - 400053, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
18.05.1992 |
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Com. Reg. No.: |
066815 |
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CIN No.: [Company
Identification No.] |
U29297MH1992PTC068815 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU01759C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of manufacturer, processors,
dealers, exporters, importers, designers, erectors, fabricator of
pharmaceuticals machinery chemical plants, chemical machinery parts, spares,
components, accessories, attachments and appliances relating there to in
particular plants for Pharmaceutical formulations, vessels, mixers, tape
dispensers and general fabricators of pharmaceuticals and chemical plant and
machinery |
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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Maximum Credit Limit : |
USD 86000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track. Directors are reported as experienced, respectable and resourceful industrialist. Their trade relations are fair. General financial position is good. Payments are correct and as per commitments. The company can be considered good for any normal business dealings at usual trade terms and condition. It can be regarded as a promising business partners in a medium to long run. |
INFORMATION PARTED
BY
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Name : |
Ms. Shraddha |
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Designation : |
Receptionist |
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Date : |
16.06.2008 |
LOCATIONS
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Registered Office : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbai - 400053 |
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Tel. No.: |
91-250-2454467 |
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Fax No.: |
91-250-2452101 |
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E-Mail : |
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Factory 1 : |
Plot No. 23, Golani Complex, Opp Agrwal Hospital, Valiv, Vasai Raod (East), Thane-401208, Maharashtra, India |
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Tel. No.: |
91-250-2453795/2454467/2456482 |
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Fax No.: |
91-250-2453795/2454467/2456482 |
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E-Mail : |
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Website : |
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Corporate Office: |
Survey No. 146 ,H. No.1(PT), Vasai Phata Highway
Junction, Pelhar, NH8, Vasai(E)- 401
208, Maharashtra, India |
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Tel. No.: |
91-250-6450835 / 6450836 / 6450837 |
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Fax No.: |
91-22-40106464 |
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E-mail: |
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Regional Office: |
Umang Americas |
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Tel. No.: |
610-438-1544 |
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Fax No.: |
610-438-4443 |
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Mobile No.: |
610-905-3791 |
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E-mail: |
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Worldwide Offices: |
·
Australia ·
Brazil ·
Bangladesh ·
China ·
Egypt ·
Germany ·
Indonesia ·
Israel ·
Iran ·
Korea ·
Mexico ·
Malaysia ·
New Zealand ·
South Africa ·
Spain ·
Pakistan ·
Thailand ·
USA |
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DIRECTORS
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Name : |
Mr. Rajkumar J. Budhraia |
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Designation : |
Director |
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Address : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off New Link Road, Andheri (West), Mumbia - 400053 |
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Date of Birth/Age : |
12/12/1946 |
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Qualification : |
B.E |
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Experience : |
35 Years |
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Date of Appointment : |
18/05/1992 |
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Name : |
Ms. Renu R. Budhraia |
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Designation : |
Director |
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Address : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbia - 400053 |
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Date of Birth/Age : |
05/03/1954 |
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Date of Appointment : |
18/05/1992 |
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Other Personal |
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Name : |
Mr. Paresh N. Shah |
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Designation : |
Company Secretary |
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Name : |
Mr. Umang Budhraja |
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Designation : |
Chief Executive Officer |
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Qualification: |
Graduate |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Rajkumar J. Budhraia |
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35000 |
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Renu R. Budhraia |
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35000 |
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Priya Komal Narang |
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1750 |
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Umang Rajkumar Budhraia |
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1750 |
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Payal Rajkumar Budhraia |
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1750 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of manufacturer, processors, dealers, exporters, importers, designers, erectors, fabricator of pharmaceuticals machinery chemical plants, chemical machinery parts, spares, components, accessories, attachments and appliances relating there to in particular plants for Pharmaceutical formulations, vessels, mixers, tape dispensers and general fabricators of pharmaceuticals and chemical plant and machinery. |
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Products : |
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Exports : |
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Countries : |
USA |
PRODUCTION STATUS
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Particulars |
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Unit |
Actual
Production |
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Extruder / Palletize with Die Roller |
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Pcs. |
8 |
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Fluid Bed Coater |
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Pcs. |
6 |
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Sphere iodize |
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Pcs . |
3 |
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Lab – Caster |
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Pcs. |
2 |
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Drug Layering |
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Pcs. |
Nil |
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Fluid Bed Processor |
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Pcs. |
Nil |
GENERAL
INFORMATION
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Suppliers : |
Ř Ami Polymers Ř Madan Transmission Private Limited Ř National Power Tools Ř Data Seal (I) Ř Emitent System Network Ř Ashs Industries Ř A.V.S Systems Ř Ace Machines(India) Ř Allied Weld Industries Ř ALM Systems Ř Alu – Décor Ř Ami Polymers Ř Auto Power Ř Bafna Metal Corporation Ř B.K. Engineering Works Ř B. K. Electricals Ř Cadel Engineering Works Ř Chinmay Engineering Works Ř C. K. Shah & Company Ř Control Technice Ř Corel Pharma – Chem Ř Data Seal (1) Ř DBK Instruments Ř Deccan Machinery & Mill Stores Ř Dutta Techinal Services Ř Electro Pharma Ř Electro Lab Ř Eminent System Network Ř Eminent Automation Ř Galaxy Industrial Gases Ř Grotto Filters & Equipment Ř Harshad Industries Ř HPS Air Systems Private Limited Ř Indian Trade Agencies Ř Indo Lube Ř Industrial Linkers Ř Tata Indicom Ř The Professional Courier Ř Tuff Facility management services Ř Universal Security Devices Ř Vasai Cable Private Limited Ř V. V. Engineering Ř Web - Mantra |
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Customers : |
Ř Cipla Limited Ř Hindustan Lever Limited Ř Macleods Pharmaceuticals Limited Ř U.S. Vitamins Limited Ř Kopran Limited Ř Indswift Lab Limited |
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No. of Employees : |
70 |
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Bankers : |
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Facilities : |
29/03/2000 Rs. 0.500 millions (from Syndicate Bank, Vasai (East), Thane ) against hypothecations of machinery / Vehicles. |
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Banking Relations
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Good |
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Auditors : |
Pankaj A. Shah and Company Chartered Accouantant, 12/25, -L, Navjivan Comm. Premises Co-operative Society Limited, Lamington Road, Mumbai- 400008 |
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Tel. No.: |
91-22-23074148/ 91-22-28331135 |
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Fex No.: |
91-22-23053478 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100 each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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75250 |
Equity Shares |
Rs. 100 each |
Rs. 7.525 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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7.525 |
7.525 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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9.754 |
5.115 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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17.279 |
12.640 |
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LOAN FUNDS |
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1] Secured Loans |
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30.246 |
0.500 |
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2] Unsecured Loans |
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2.325 |
0.000 |
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TOTAL BORROWING |
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32.571 |
0.500 |
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DEFERRED TAX LIABILITIES |
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0.337 |
0.324 |
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TOTAL |
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50.187 |
13.464 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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59.229 |
14.129 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.500 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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6.993 |
2.230 |
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Sundry Debtors |
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10.570 |
5.875 |
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Cash & Bank Balances |
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0.926 |
1.284 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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9.973 |
6.196 |
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Total
Current Assets |
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28.462 |
15.585 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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22.059 |
9.853 |
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Provisions |
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16.502 |
6.481 |
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Total
Current Liabilities |
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38.561 |
16.334 |
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Net Current Assets |
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(10.099) |
(0.749) |
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MISCELLANEOUS EXPENSES |
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0.557 |
0.084 |
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TOTAL |
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50.187 |
13.464 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover (including Other Income) |
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63.894 |
48.697 |
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Profit/(Loss) Before Tax |
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7.201 |
7.129 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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7.201 |
7.129 |
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Export Turnover |
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20.946 |
18.550 |
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Expenditures : |
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Cost of Goods Sold |
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Manufacturing Expenses |
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Administrative Expenses |
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Raw Material Consumed |
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Purchases made for re-sale |
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56.693 |
41.568 |
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Consumption of stores and spares parts |
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Increase/(Decrease) in Finished Goods |
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Salaries, Wages, Bonus, etc. |
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Managerial Remuneration |
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Payment to Auditors |
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Interest |
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1.492 |
0.060 |
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Depreciation & Amortization |
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1.310 |
1.185 |
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Total Expenditure |
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59.495 |
42.813 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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11.27 |
14.63 |
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Net Profit Margin (PBT/Sales) |
(%) |
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11.27 |
14.63 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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8.21 |
23.99 |
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Return on Investment (ROI) (PBT/Networth) |
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0.41 |
0.56 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.23 |
1.29 |
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Current Ratio (Current Asset/Current Liability) |
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0.73 |
0.95 |
LOCAL AGENCY
FURTHER INFORMATION
The working results of the company for the year show a net profit of Rs7.093 Millions (profit Rs.2.588 Millions) in previous years.
Fixed Assets : -
Land, Factory premises, Furniture and Fixtures, Generator set, Computer, Car, Air Conditioners, Plant and Machinery, Fax machine
AS PER
WEBSITE
Set-up in 1997, their Works are located at Vasai on the outskirts of Mumbai and has a structure designed to provide high quality automised products and several other facilities to ensure the success of the trials of the clients at their premises or projects undertaken by the clients. Their team of experienced professionals first analyze the needs of the client, analyze the characteristics of the product and accordingly suggest the appropriate course of action. An opportunity is given to the clients to try their products on their machines. All the machines especially the R&D sized machines are usually kept ready to enable their clients to take trials. A fully equipped trial room with provisions for humidity controls and the assistance of consultants is provided to ensure the success of their clients
CLIENTS
- Extruder & Spher’oidizer
- Drug Layering Machine
- Fluid Bed Systems
- Industry wise
- College Associations
- Overseas Clients & Associations
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 records 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.42.92 |
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UK Pound |
1 |
Rs.84.48 |
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Euro |
1 |
Rs.66.66 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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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54 |
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 |
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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/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, we have no basis upon which to
recommend credit dealings |
No Rating |
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