MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRISSUN TECHNOLOGIES PRIVATE LIMITED |
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Registered Office : |
19 A, Buiding B, Premier Plaza, Old Mumbai Pune Highway, Chinchwad,
Pune-411019, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.07.2008 |
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Com. Reg. No.: |
132394 |
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CIN No.: [Company
Identification No.] |
U29100PN2008PTC132394 |
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PAN No.: [Permanent
Account No.] |
AADCB4991M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Vegetables Oil Plant and Machinery |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to established track. Directors are reported as experienced, respectable as having
satisfactory means of their own. Their trade relations are fair. Payments Records are unknown. Currently, it can be considered for any business dealings on safe and
secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Vivek Bansal |
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Designation : |
Managing Director |
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Contact No.: |
91-9422008741 |
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Date : |
03.11.2008 |
LOCATIONS
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Registered Office : |
19 A, Buiding B, Premier Plaza, Old Mumbai Pune Highway, Chinchwad,
Pune-411019, Maharashtra, India |
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Tel. No.: |
91-20-27463405 |
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Mobile No.: |
91-9422008741 |
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Fax No.: |
91-20-66300150 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Factory : |
Flat No. 231, Sector 7, Pcntda Bhosari, Pune-411026, Maharashtra,
India |
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Mobile No.: |
91-9422008742 |
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Area : |
Owned |
DIRECTORS
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Name : |
Mr. Vivek Bansal |
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Designation : |
Managing Director |
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Address : |
Flat No. 502, Building C-3, Empire Estate, Old Mumbai Pune Road,
Chinchwad, Pune-411019, Maharashtra, India |
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Date of Birth/Age : |
11.05.1969 |
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Qualification : |
B.E |
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Experience : |
17 Years |
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Name : |
Mrs. Monica Bansal |
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Designation : |
Director |
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Address : |
Flat No. 502, Building C-3, Empire Estate, Old Mumbai Pune Road,
Chinchwad, Pune-411019, Maharashtra, India |
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Date of Birth/Age : |
22.05.1973- |
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Qualification : |
M.A |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Vegetables Oil Plant and Machinery |
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Products : |
·
Edible Oil Plants ·
Alcohol Process Plants ·
Bio-Diesel and Bio-fuels Plants ·
Heat Exchangers ·
Distillation Columns ·
Candle Filters ·
Pressure Leaf Filters ·
Modular Plants |
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Exports : |
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Products : |
Veg Oil Plant and Machinery and Parts |
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Countries : |
·
Nepal ·
Uganda ·
USA |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
Credit (60 Days) |
GENERAL
INFORMATION
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Customers : |
·
Sidhartha Oil and Soilvent Industries Private Limited, Bharwah, Nepal ·
Makwano Group of IND, Uganda ·
Technochem INC, USA ·
End Users ·
Bhushan oils and fats Private Limited, ambala, haryana ·
Amrit banaspati co. Limited, rajpura, punjab ·
A p solvex Limited, dhuri, punjab ·
Jhunjhunwala vanaspati Limited, varanasi, uttar pradesh ·
Dinesh oils Limited Kanpur, uttar pradesh ·
Kanpur edibles Limited, kanpur, uttar pradesh ·
Mantora oil products Limited, kanpur, uttar pradesh ·
Aci oils Limited, kanpur, uttar pradesh ·
Jailuxmi solvex Private Limited, gorakhpur, uttar pradesh ·
Shree sai agro Private Limited , baroda, gujrat ·
P b s oil industries Limited, dhamtari, raipur, chhattisgarh ·
Shivangi oils Private Limited , bilaspur, chhattisgarh · Vijayshree fats and oil Private Limited , raipur, chhattisgarh |
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No. of Employees : |
26 (Office 06, Factory 20) |
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Bankers : |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Note:
No Financials are available since it is a new company.
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of
Indiamart for Trust-Seal |
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Excise Registration No.: ABJPB1356QXM001 |
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VAT / TIN : 278306682584 V dated 01.08.2008 |
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PAN / TAN : AADCB4991M |
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Bank Name : ICICI Bank Limited |
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Bank Address : Chinchnwad Pune |
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In case of any affiliations / memberships / certifications : |
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Name : ISO 9001 – 2000 |
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Type : DNV |
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Expiry Date : 2011 |
Trade References:
·
Bhushan Oil and Fats Private Limited, Ambala City
Contact Person: Mr. Shashi Bhushan Gupta
Tel No.: 91-171-2840462
·
Pioneer Industries Limited, Patahnkot, Punjab
·
Contact Person: Mr. Jagat Agarwal JI
SYNTECH
ENGINEERING SYSTEMS
(Sister
Concern)
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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8.333 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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8.333 |
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LOAN FUNDS |
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1] Secured Loans |
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0.372 |
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2] Unsecured Loans |
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0.482 |
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TOTAL BORROWING |
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0.854 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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9.187 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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6.253 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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6.616 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.753 |
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Sundry Debtors |
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2.195 |
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Cash & Bank Balances |
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0.251 |
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Other Current Assets |
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0.075 |
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Loans & Advances |
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1.995 |
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Deposits |
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0.250 |
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Total
Current Assets |
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5.519 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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9.118 |
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Provisions |
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0.083 |
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Total
Current Liabilities |
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9.201 |
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Net Current Assets |
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[3.682] |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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9.187 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Sales Turnover |
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32.046 |
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Other Income |
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0.104 |
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Total Income |
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32.150 |
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Profit/(Loss) Before Tax |
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1.087 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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1.087 |
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Expenditures : |
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Cost of Goods Sold |
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27.408 |
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Professional Fees |
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0.106 |
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Telephone Expenses |
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0.150 |
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Travelling Expenses |
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0.459 |
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Depreciation & Amortization |
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0.099 |
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Other Expenditure |
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2.841 |
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Total Expenditure |
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31.063 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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3.38 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.39 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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9.23 |
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Return on Investment (ROI) (PBT/Networth) |
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0.13 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.21 |
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Current Ratio (Current Asset/Current Liability) |
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0.59 |
AS PER WEBSITE:
History:
Brissun Technologies is promoted by Mr. Vivek Bansal, a
technocrat and an entrepreneur who has the vision to develop new technologies in
the field of edible oil processing, alcohol and bio-fuels.
1995 : Syntech Engineering Systems was started by Mr. Vivek Bansal. Syntech
Engineering System has since been primarily into design and supply of heat
exchangers, pressure vessels, reactors and distillation columns. The company
has worked with various third parties such as EIL, Burea Veritas and Udhe to
name a few.
2000 : Mr. Bansal formed a separate entity, Lipid Systems Engineers Private
Limited to enter the project commissioning business in the field of edible oil
refining and executed various projects in that particular line of work. The
company specialized in the field of rice bran oil processing and supplied
plants of various capacities from 30 tpd to 250 tpd in rice bran oil and up to
350 tpd in CPO. They also supplied plants for all capacities for CPO, cotton
seed, soyabeen, sunflower oil other than RBO. During this phase all the
equipment manufacturing was taken care of by Syntech Engineering.
2005 : Company supplied its first multi pressure grain based distillary on a
turnkey basis and achieved milestone by successfully commissioning it.
2006 : Company supplied skid mounted ready to assemble modular bio diesel plant
to USA.
2007 : Another milestone was reached by integrating all business under the name
of Brissun Technologies to conduct the business of edible oil processing,
alcohol and bio fuels under one roof. Company has already bagged orders for
execution of edible oil projects from within the country and Nepal.
Company:
DESIGN and ENGINEERING
Design and engineering is done with the help of CAD / CAM,
computer aided software and professional engineers with 25 plus years of
experience in the field. The draftsmen are experienced and are proficient in
handling P and ID, Structural Layouts and all the detailed piping layouts as
per site requirements.
MANUFACTURING FACLITY
The company has a state of the art manufacturing set up at
MIDC Bhosari (main industrial hub of Pune), India.
The fabrication shed consists of modern welding machines, overhead crane for
material handling and skilled manpower with over 15 years experience n
manufacturing of process equipments as per ASME code, Section VIII, Division I.
TESTING FACILITY
Every piece of equipment fabricated undergoes hydraulic
pressure testing as per design specifications.
Radiography of weld joints is done as per ASME specifications. Welders are
qualified by third party inspection agencies and inspection is also done for
every piece of equipment by a third party inspection agency appointed by us to
make sure that the customers get the best in terms of quality.
ERECTION and COMMISIONING
We have a team of trained site engineers to take care of the
erection and commissioning of the project. They are experts in their field and
have the ability to execute the work effectively and efficiently so as to
deliver the project on time.
Sales:
They provide solutions that perform dependably around the
clock as per the customer's needs, but still all equipments need proper maintenance.
They are committed to providing after sales services in plant operations,
spares, instrumentation and process related matters.
Crucial supplies of original spares for centrifuges, pumps, instruments,
running parts are well stocked and can be shipped on a short notice so as to
reduce the down time of a plant.
Technologies:
They have supplied about 30 refineries from 30-350 TDP
plants on turnkey basis for rice bran oil, sunflower, soybean, cotton seed and
palm oil.
Rice bran oil is the strength; they can deliver the plants as per schedule to
the satisfaction of customers. They can process high FFA rice bran oil to the
required final FFA as low as 0.15% and colour as low as 15 units in 1” cell.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
2 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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10 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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