MIRA
INFORM REPORT
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Report Date : |
15.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SARJAN WATERTECH INDIA PRIVATE LIMITED |
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Registered Office : |
75 Nalanda Complex, Near Mansi Complex, Vastrapur, Ahmedabad
- 380015, Gujarat |
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Country : |
India |
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Date of Incorporation : |
26.02.2008 |
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Com. Reg. No.: |
053059 |
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CIN No.: [Company
Identification No.] |
U29259GJ2008PTC053059 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS15615F |
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PAN No.: [Permanent
Account No.] |
AALCS6761N |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer Water Treatment Products and Components
and also Supplying. |
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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor to an old established partnership concern. As
it is new company, no financials are available. Trade relations are fair. Payments are slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Ms. Meena |
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Designation : |
Admin Manager |
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Date : |
12.11.2008 |
LOCATIONS
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Registered Office : |
75 Nalanda Complex, Near Mansi Complex, Vastrapur,
Ahmedabad - 380015, Gujarat, India |
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Tel. No.: |
91-79-65425533 |
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Fax No.: |
91-79-26760116 |
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E-Mail : |
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Website : |
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Area : |
200 sq yard |
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Location : |
Owned |
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Corporate Office : |
22, Nalanda Complex, Premchand Nagar Road, Near Mansi
Tower, Vastrapur, Ahmedabad - 380006, Gujarat, India |
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Tel. No.: |
91-79-26763082 |
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Fax No.: |
91-79-26760116 |
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E-Mail : |
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Factory 1 : |
50, B, Changodar Industrial Estate, Bavla Road, Changodar,
Ahmedabad |
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Tel. No.: |
91-2717-251584 |
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Factory 2 : |
Khasra – 754/1/756/1, Gabriel Road, Parwanoo, Sector 2,
Solan (H.P.) |
DIRECTORS
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Name : |
Mr. Sunilbhai N. Trivedi |
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Designation : |
Director |
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Address : |
1/5, Patrakar Colony – 2, Near Vijaynagar, Naranpura, Ahmedabad – 380
013, Gujarat, India |
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Date of Birth/Age : |
14.11.1966 |
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Qualification : |
B.E. |
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Name : |
Mr. Narendrakumar Trivedi |
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Designation : |
Director |
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Address : |
1/5, Patrakar Colony – 2, Near Vijaynagar, Naranpura, Ahmedabad – 380
013, Gujarat, India |
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Date of Birth/Age : |
05.01.1937 |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 18.02.2008
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Names of Shareholders |
No. of Shares |
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Sunilbhai N. Trivedi |
5000 |
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Narendra K. Trivedi |
5000 |
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Total |
10000 |
As on 21.08.2008
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Names of Allottees |
No. of Shares |
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Sunilbhai N. Trivedi |
200000 |
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Total |
200000 |
As on 25.10.2008
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Names of Allottees |
No. of Shares |
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Sunilbhai N. Trivedi |
330000 |
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Darshnaben S. Trivedi |
5000 |
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Minor Sarjan S. Trivedi by his father and guardian Sunilbhai N.
Trivedi |
5000 |
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Total |
340000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer Water Treatment Products and
Components and also Supplying. |
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Exports : |
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Products : |
Water Treatment Products |
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Countries : |
Taiwan, Dubai |
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Imports : |
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Products : |
Components |
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Countries : |
Korea, China, Taiwan, USA |
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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 : |
Wholesalers |
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No. of Employees : |
23 (In office – 15, In factory – 8) |
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Bankers : |
State Bank of India, Main Branch |
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Facilities : |
CC – Rs.30.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Arvind Ambalal Thakkar and Company Chartered Accounts |
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Memberships : |
WQA / ISO 9001-2000/CII/IMC |
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Associates/Subsidiaries : |
Water World Super Mart, Changodar |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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340000 |
Equity Shares |
Rs.10/- each |
Rs.3.400
millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
As the subject is
a new company, no financials are available.
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Particulars |
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31.03.2008 |
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Sales Turnover (of Partnership company – Sarjan) |
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100.000 |
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Expected Sales (2008-09): More than previous till date crossed Rs.60.000
millions
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
COMPANY PROFILE:
SARJAN is a dynamic professionally managed group, which is
fast emerging as a leading importer, manufacturer and distributor of Water
Treatment / Purification Products and Components.
Quality Products and optimum customer satisfaction is of paramount importance,
as SARJAN aims to scale new heights /frontiers of excellence.
Sarjan imports, manufacturers and
prides itself as a full supplier of Water Treatment products and components
with in house facility right from designing, tool room, assembly
line, to injection molding. Thereby they have the facility to offer customized
solutions to match the requirements of the valued clients and constantly
maintain requisite inventory for ready delivery at fair prices.
They are in a position to supply water purification and water treatment plants
(Domestic /Commercial and Industrial) and all the relsevant components. They
could be the single source solution provider for manufacturing as per the
specifications / individual designs with the infrastructure and capacity to
handle high volume requirements.
For better services, they have the twin plants at Ahmedabad as well as Himachal
Pradesh.
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Operations |
: Designing |
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Dealing In |
: R.O. Water Systems |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.46 |
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UK Pound |
1 |
Rs.73.17 |
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Euro |
1 |
Rs.62.96 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
3 |
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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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28 |
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 |
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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. |
Small |
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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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