MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
Z TECH INDIA PRIVATE LIMITED |
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Registered Office : |
S – 29, 1st Floor, Okhla Industrial Area, Phase – II, 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 : |
09.11.1994 |
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Com. Reg. No.: |
55-062582 |
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CIN No.: [Company
Identification No.] |
U74899DL1994PTC062582 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELZ00102E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader, Exporter and Importer of Geosynthetic Products |
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 52548 |
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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
satisfactory track records. Trade relations are fair. Business is active.
Payments are reported as usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. P C Godiyal |
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Designation : |
AGM Accounts |
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Date : |
08.04.2008 |
LOCATIONS
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Registered Office : |
S – 29, 1st Floor, Okhla Industrial Area, Phase – II, New
Delhi – 110020, India |
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Tel. No.: |
91-11-26393930/ 26276713/ 26383931/32/33 |
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Fax No.: |
91-11-26275262/ 26383934 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Rented |
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Head Office : |
J-1867, Chittaranjan Park, New Delhi-110019, India |
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Tel. No. |
91-11-26227271/26489708 |
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Fax No. |
91-11-26227273 |
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E-Mail |
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Corporate Office 1: |
D-665, Chittaranjan Park, New Delhi-110019, India |
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Corporate Office 2: |
4025 Lovoisieir # 1, Biosbriand,QC,
Canada J7H 1N1 |
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Tel No.: |
91-450-4305188 |
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Fax No.: |
91-450-4303831 |
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Branch Office : |
Navi Mumbai Tel: 91-22-2789 7983 Fax :91-22-6791 2381 E-mail:ztech_mumbai@vsnl.net Kolkata: Tel: 91-33-2460 3596 / 2314 Fax :91-33-2460 3603 E-mail:ztechkol1@vsnl.net Chennai Tel: 91-44-2235 3387 Fax :91-44-2230 1610 E-mail:zti-chn@eth.net Ahmedabad: Tel: 91-79-2323 3362 Fax :91-79-2324 8067 E-mail: ztechindia@icenet.net |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Amal Kumar Sen |
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Designation : |
Director |
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Address : |
D-665, Chittaranjan Park, New Delhi-110019, India |
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Date of Birth/Age : |
31.12.1941 |
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Qualifications : |
Post Graduation Engineering |
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Date of Appointment : |
11.11.1994 |
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Name : |
Mrs. Sumita Sen |
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Designation : |
Director |
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Address : |
D-665, Chittaranjan Park, New Delhi-110019, India |
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Date of Birth/Age : |
07.10.1946 |
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Qualifications : |
Post Graduate |
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Date of Appointment : |
01.04.2002 |
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Name : |
Mr. Raoul M. Mouline (Foreigner) |
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Designation : |
Director |
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Address : |
23 A, Claude Street, Lachemaie, Canada – J6W5Y5 |
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Date of Appointment : |
11.11.1994 |
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Name : |
Mr. Praveen Agarwal |
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Designation : |
Director |
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Name : |
Mr. Sourav Sen |
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Designation : |
Director |
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Address : |
D-1001 Sylvan Hights Sanewadi Aundh, Pune – 400007, Maharashtra, India |
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Date of Birth/Age : |
06.09.1969 |
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Date of Appointment : |
01.12.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Mr. Amal Sen |
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214961 |
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Mrs. Sumita Sen |
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20000 |
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Total |
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234961 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Geosynthetic Products |
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Products : |
Specialty
Products:
Geosynthetic Products
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Exports : |
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Products : |
All Products |
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Countries : |
Bangladesh |
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Imports : |
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Products : |
Geosynthetic Products |
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Countries : |
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Terms : |
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Selling : |
Cash, Contract and Credit (60-90 days) |
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Purchasing : |
Cash and Credit (60-90 days), Contract and L/C |
GENERAL
INFORMATION
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Customers : |
· Wholesalers · Consultancy in
Engineering · Gammon India Limited, India · Ircon International Limited, India · Larsen and Turbo Limited, Ahmedabad, Chennai, India · U. P. State Bridge Corporation Limited, India · Valecha Engineering · E H Construction Company Private Limited · Amarnath Aggarwal Construction Limited · Mc Cain Foods India Private Limited · Navyuga Engineering Company Limited |
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Suppliers : |
· Z-Tech Inc., Canada · CETCO · C S Group, USA · Laxmi Construction · Integrated Piles Foundation · EXSOL · Decent Builders Private Limited · Sai Concrete Pavers Private Limited · Ten Cate Geosynthetics Asia · Third Wave System Private Limited |
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No. of Employees : |
72 |
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Bankers : |
New Delhi Branch, India
Green Park, New Delhi-110016, India
Hauz Khas, New Delhi -110016, India · State Bank of India · Vijaya Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Aggrawal Jetley and Company Chartered Accountant |
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Address : |
A-2/78, Safdarjung Enclave, New Delhi-110029, India |
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Tel. No.: |
91-11-2616002 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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234961 |
Equity Shares |
Rs.10/- each |
Rs.2.350
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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 |
2.349 |
2.349 |
2.349 |
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2] Share Application Money |
0.040 |
0.040 |
0.040 |
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3] Reserves & Surplus |
10.748 |
8.336 |
6.415 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
13.137 |
10.725 |
8.804 |
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LOAN FUNDS |
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1] Secured Loans |
0.412 |
0.706 |
0.806 |
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2] Unsecured Loans |
3.924 |
2.142 |
0.668 |
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TOTAL BORROWING |
4.334 |
2.848 |
1.474 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.039 |
0.104 |
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TOTAL |
17.473 |
13.612 |
10.382 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.732 |
3.474 |
3.288 |
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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 |
0.995
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2.354 |
1.513 |
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Sundry Debtors |
16.722
|
22.152 |
17.751 |
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Cash & Bank Balances |
8.035
|
4.623 |
3.803 |
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Other Current Assets |
13.104
|
6.615 |
4.409 |
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Loans & Advances |
0.000
|
0.000 |
0.000 |
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Total
Current Assets |
38.856
|
35.744 |
27.476 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
18.772
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22.000 |
17.864 |
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Provisions |
6.343
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3.606 |
2.518 |
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Total
Current Liabilities |
25.115
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25.606 |
20.382 |
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Net Current Assets |
13.741
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10.138 |
7.094 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
17.473 |
13.612 |
10.382 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
|
108.719 |
96.298 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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108.719 |
96.298 |
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Profit/(Loss) Before Tax |
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4.784 |
3.286 |
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Provision for Taxation |
|
2.372 |
1.365 |
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Profit/(Loss) After Tax |
|
2.412 |
1.921 |
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Export Value |
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1.975 |
0.959 |
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Import Value |
|
45.325 |
24.752 |
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Total Expenditure |
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103.935 |
93.012 |
KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
2.22 |
1.99 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
4.40 |
3.41 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.23 |
8.38 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.31 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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2.24
|
2.65 |
2.48 |
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Current Ratio (Current Asset/Current Liability) |
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1.55
|
1.39 |
1.35 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
- L T (All Over India) Larsen and Toubro
- Gammon (All Over India
- HCC Hindustan Construction Company
Profile:
Subject completes
Twelve Years of its operation in the Construction Specialty Products field,
serving India’s vibrant construction industry.
Founded in New Delhi in 1995 by Z-TECH GROUP of Canada,
Subject has a well spread network throughout the country and is a dependable name
for applications of innovative products and modern techniques in civil
engineering constructions.
This period of twelve years, company launched an extensive
range of products in the arena of expansion joints and seismic devices for
bridges and buildings, permanent water proofing solutions for tunnels and
underground structures, and various geosynthetic specialties for geotechnical,
hydraulic and environmental applications.
Subject
provides a single source responsibility from engineering to material selection,
supply, installation and complete QA/QC program for all of its products. In
addition to its in-house and highly competent technical team, Company is
supported by the vast experience and expertise of world’s leading manufacturers
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.15 |
|
UK Pound |
1 |
Rs.85.08 |
|
Euro |
1 |
Rs.68.10 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
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 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
|
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 |
|
|
>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 |
|