%20PRIVATE%20LIMITED-128561%2005-Jan-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
JOHN FOWLER ( |
|
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
22.12.1953 |
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Com. Reg. No.: |
11-9189 |
|
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CIN No.: [Company Identification
No.] |
U29100MH1953PTC009189 |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Filters Accessories. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relation are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Mahesh |
|
Designation : |
Front Office Executive |
|
Date : |
04.01.2011 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-25916456 |
|
Fax No.: |
91-22-25916456 |
|
E-Mail : |
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Website : |
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Head Office/ Factory : |
Plot No. 6 and 6P, Bommasandra Industrial
Area, Hosur Roads, Bangalore-560099, |
|
Tel. No.: |
91-80-27836794 |
|
Fax No.: |
91-80-27836791 |
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E-Mail : |
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Automotive Division : |
# 50, Mohebewala Industrial Area, |
|
Tel. No.: |
91-135-2643948 |
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Fax No.: |
91-135-2643958 |
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E-Mail : |
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Branches : |
Located at: ·
Mumbai ·
Kolkata ·
|
DIRECTORS
As on 07.07.2010
|
Name : |
Mr. Barwale Ramulal Barwale |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
72B, Urvashi, Petit Estate, |
|
Date of Birth/Age : |
13.03.1931 |
|
Date of Appointment : |
25.03.1991 |
|
|
|
|
Name : |
Mr. A S Lakshamanan |
|
Designation : |
Director |
|
Address : |
1/C Cunningham Road, Bangalore-560052, |
|
Date of Birth/Age : |
12.06.1931 |
|
Date of Appointment : |
31.07.1991 |
|
|
|
|
Name : |
Mr. Rajendra Badrinarayan
Barwale |
|
Designation : |
Director |
|
Address : |
72B, Urvashi Petit Estate, |
|
Date of Birth/Age : |
12.12.1955 |
|
Date of Appointment : |
25.03.1991 |
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|
|
|
Name : |
Mr. Ramkrishna Jalan |
|
Designation : |
Director |
|
Address : |
56, Rmvexten – II, B Block- I, 4th
Cross, Bangalore-560094, |
|
Date of Birth/Age : |
31.07.1943 |
|
Date of Appointment : |
31.07.1991 |
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|
|
|
Name : |
Mr. Arun Goyal |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
04.05.1945 |
|
Date of Appointment : |
31.07.1991 |
|
|
|
|
Name : |
Mr. Suresh Narasappa Talwar |
|
Designation : |
Director |
|
Address : |
10, Shivshanthi Bhavan,
146, |
|
Date of Birth/Age : |
21.11.1938 |
|
Date of Appointment : |
26.07.2006 |
|
|
|
|
Name : |
Mr. Udipi Vasudeva
Rao |
|
Designation : |
Director |
|
Address : |
3294, 12th ‘A’ Main, Hal II Stage, Bangalore-560040, |
|
Date of Birth/Age : |
04.12.1929 |
|
Date of Appointment : |
15.06.1995 |
|
|
|
|
Name : |
Mr. Subramanian Viswanathan |
|
Designation : |
Managing Director |
|
Address : |
589, 12th ‘A’ Cross, 8th Main Jpnagar II, Phase, Bangalore-560078, |
|
Date of Birth/Age : |
16.12.1952 |
|
Date of Appointment : |
31.10.2001 |
|
Other Directorship: |
S.R. Nova Private Limited U30007KA1998PTC024374 R.B. Associates Private Limited U31503KA1987PTC008336 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Front Office Executive |
|
|
|
|
Name : |
Mr. Subramanian Viswanathan |
|
Designation : |
Company Secretary |
|
Address : |
589, 12th ‘A’ Cross, 8th Main Jpnagar II, Phase, Bangalore-560078, |
|
Date of Birth/Age : |
16.12.1952 |
|
Date of Appointment : |
15.05.1995 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.07.2010
|
Names of Shareholders |
|
No. of Shares |
|
Barwale Ramulal Badrinarayan |
|
440400 |
|
Rajendra Badrinarayan Barwale |
|
196533 |
|
R K Garg |
|
4452 |
|
Ashish Barwale |
|
275000 |
|
Usha Zehr |
|
4000 |
|
Savitha B Bagadia |
|
1256 |
|
Gangabishan Bikulal IVST
and Trading Private Limited, |
|
1355960 |
|
Chittoda Ivst and
Trading Private Limited, |
|
160000 |
|
Almet Healthcare Private Limited, |
|
180000 |
|
Dudhna Ivst and
Trading Privaste Limited, |
|
96000 |
|
Akshnishit Investment and Trading Private Limited, |
|
4000 |
|
Asha Bhojnagarwala |
|
4000 |
|
Neemuch Ivst and
Trading Private Limited, |
|
4000 |
|
Nidhona Investment and Trading Private Limited, |
|
4000 |
|
Total |
|
2729601 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
66.00 |
|
Directors or relatives of Directors |
34.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Filters Accessories. |
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Products : |
|
PRODUCTION STATUS AS ON
As on 31.03.2009
|
Particulars |
|
|
Installed
Capacity |
Actual
Production |
|
Filters and Elements for Internal Combustion Engines, Industrial
Filters and Automobile Filters |
|
|
4300000 |
307250000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged by the management. |
|
|
|
|
Bankers : |
|
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|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Haribhakti
and Company Chartered Accountant |
|
Address : |
1st Floor, Park Plaza, No. 1, Park Road, Tasker Town, Bangalore-560051, Karnataka, India |
|
|
|
|
Company in which common control exists : |
·
Gangabishan Bhikulal Investment and Trading Limited ·
R.B.l Associates Private Limited ·
Dickinson Fowler Private Limited ·
Neemuch Investmetn and Trading Private Limited ·
Maharastra Hybrid Seeds
Company Limited ·
Jalna Seeds Processing and Refrigeration
Company Limited ·
Sungro Seed Exports
Limited ·
Sungro Seeds Limited ·
Sungro Seed Research
Limited ·
Almet Corporation Limited ·
Dudhna Investment and
Trading Private Limited ·
Chitloda Investment and
Trading Private Limited ·
Sarkara Investment and
Trading Private Limited ·
Nidhona Investment and
Trading Private Limited ·
Ghanewadi Investments and
Trading Private Limited ·
Akshnishit Investment and Trading
Private Limited ·
Mahyco MNonsanto Biotech ( ·
Mahyco Seeds Limited ·
Mahyco Vegetable Seeds
Limited ·
Barwale Seeds Private
Limited ·
Rajur Ganapati
Investment and Trading Private Limited ·
Harbhajan Investment and
Trading Private Limited ·
Harirani Investment and
Trading Private Limited ·
Keligavan Investments and
Trading Private Limited ·
Jamwadi Investment and
Trading Private Limited ·
Barwalo Foundation ·
Maharaja Agrasen
Foundation ·
Marathwara Realtors
Private Limited ·
Barwale Investment and
Trading Private Limited ·
Boxwell Industries. |
|
|
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Subsidiaries : |
U74999MH2000PTC123855
|
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3626060 |
Equity Shares |
Rs. 10/-
each |
Rs. 36.261
Millions |
|
Add: |
Shares forefeited |
|
Rs. 0.002
Million |
|
|
|
|
|
|
|
Of the above: i)
3950 Shares (3950
shares) were allotted as fully paid-up pursuant to a contract without payment
being received in cash. ii)
2329830 shares (2329830
shares) were issued as fully paid –up bonus shares by capitalization of
General reserve |
|
|
|
Less: |
|
|
|
|
654372 |
Equity Shares |
Rs. 10/-
each |
Rs. 6.544
Millions |
|
242087 |
Equity Shares |
Rs. 10/-
each |
Rs. 2.421
Millions |
|
|
Total |
|
Rs. 27.298 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
27.298 |
27.298 |
27.298 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
701.995 |
696.998 |
664.475 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
729.293 |
724.296 |
691.773 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
43.475 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
30.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
73.475 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
729.293 |
724.296 |
765.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
719.364 |
707.364 |
719.032 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
695.968 |
586.814 |
167.284 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
10.776 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.602
|
46.498 |
48.266 |
|
|
Sundry Debtors |
88.501
|
85.456 |
98.268 |
|
|
Cash & Bank Balances |
54.042
|
19.982 |
1.358 |
|
|
Other Current Assets |
3.658
|
1.786 |
0.035 |
|
|
Loans & Advances |
135.954
|
98.810 |
82.523 |
|
Total
Current Assets |
334.757
|
252.532 |
230.450 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.428
|
46.657 |
54.147 |
|
|
Other Current Liabilities |
889.060
|
689.361 |
240.764 |
|
|
Provisions |
91.308
|
86.396 |
67.383 |
|
Total
Current Liabilities |
1020.796
|
822.414 |
362.294 |
|
|
Net Current Assets |
[686.039]
|
[569.882] |
[131.844] |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
729.293 |
724.296 |
765.248 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
|
NA |
|
|
|
Other Income |
NA |
|
NA |
|
|
|
TOTAL |
NA |
424.174 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
342.549 |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
342.549 |
MA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.240 |
81.338 |
[48.388] |
|
|
|
|
|
|
|
|
|
Less |
TAX |
[4.250] |
[17.899] |
[9.443] |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
19.490 |
63.439 |
[38.945] |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.023 |
0.000 |
14.147 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
7.500 |
24.798 |
|
|
|
Dividend |
13.648 |
27.296 |
-- |
|
|
|
Corporate Tax on Dividend |
0.846 |
3.619 |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
27.519 |
25.024 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.31 |
-- |
-- |
|
%20PRIVATE%20LIMITED-128561%2005-Jan-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED-128561%2005-Jan-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED-128561%2005-Jan-2011_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
NA
|
14.96 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.45
|
8.47 |
[5.09] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.11 |
[0.07] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.40
|
1.14 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.33
|
0.31 |
0.64 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs. In Millions)
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Sundry Creditors and Others |
|
|
|
|
Due to Micro, Small and Medium Enterprises |
-- |
-- |
-- |
|
Others |
40.428 |
46.657 |
54.147 |
|
Total |
40.428 |
46.657 |
54.147 |
Note:
The Registered office of the company has been shifted from No. 19, Khetan Bhavan, 198,
Contingent
Liabilities not provided for in respect of:
|
Particulars |
31.03.2009 Rs.
In Millions |
|
A. Disputed demands in respect of income tax matters |
0.627 |
|
B. Tradmissible Services tax on inputs and
GTA Services |
0.203 |
|
C. Claims against the company not acknowledged as debts |
1.511 |
|
D. Computer guarantees issued
for Bank Guarantee |
48.238 |
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U29100MH1953PTC009189 |
||||||||||||||||
|
Name of the
company |
JOHN FOWLER ( |
||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
|
||||||||||||||||
|
This form is for |
Modification of
charge |
||||||||||||||||
|
Charge
identification number of the charge to be modified |
10178962 |
||||||||||||||||
|
Type of charge |
Immovable Property Book Debts Movable Property Floating Charges |
||||||||||||||||
|
Particular of
charge holder |
Axis Bank Limited, Credit Management Centre, No. 41, 1st
Floor, Seshadri Road, Anand
Rao Circle, Bangalore-560009, Karnataka, India |
||||||||||||||||
|
Nature of
instrument creating charge |
1) Agreement 2) Sanction Letter |
||||||||||||||||
|
Date of
instrument Creating the charge |
09.07.2010 |
||||||||||||||||
|
Amount secured by
the charge |
Rs. 200.000 Millions |
||||||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Remain Unchanged Terms of
Repayment Remain Unchanged Margin For LC- Inland/
Import Limit of Rs. 5.000 Millions – Cash Margin 8%
to be collected upfront and kept in TDR with banks lien noted thereon (Existing terms
and conditions remain unchanged) Extent and
Operation of the charge To cover Loan
amount plus costs, expenses, interest and other incidentals Others Break up for the
Loan Limit:
|
||||||||||||||||
|
Short particulars
of the property charged |
Hypothecation of
all Tangible Movable Machinery, Plant Machinery, Fixtures, Fittings other Installation,
Cranes, Furniture, Computers and other accessories vehicles together with
spares tools and Accessories and all other articles lying on the premises or
in the Godown of the borrower, movable goods and
assets both present and future and including but without prejudice to
generality of the forgoing words all stocks of raw material work in progress,
semi-finished goods and finished goods such as Industrial filters, Automobile
Filters, Packing Materials ,Consumables, Stoers and
Spares etc. Stored at Registered office at Mumbai or factory at Plot No. 6
and 6P, Bommasandra Industrial Area, Hosur Road, Bangalore or any where else in India and all
the present and future book debts, outstanding monies, receivabels
claims bills, contracts, Engagements and securities belonging to the borrower
and all that piece and parcel of the property being land bearing plot No. -6
and 6P in bommasandra Industrial Area, situated in
Survey No. 270 of (All the above Si. No. relate to single charge) |
||||||||||||||||
|
Date of
instrument modifying the charge |
20.10.2009 |
||||||||||||||||
|
Particulars of
the present modification |
Letter of Credit
– Inland/ Import for Rs. 5.000 Millions as a sub
limit to The existing CC limit of Rs. 35.000
Millions and security of movables and immovable properties (All other
existing terms and conditions and securities remain unchanged.) |
Fixed Assets:
·
Goodwill
·
·
Agricultural Land
·
Building
·
Plant and Machinery
·
Furniture, Fitting and Equipments
·
Patent Rights
·
Vehicles
·
Technical Know how Fees.
AS PER WEBSITE
Profile:
John Fowler is a pioneer in the field of filters and filtration systems
in
John Fowler is a professionally managed, technology - driven company, committed
to satisfying its customer's needs of filtration solution through innovative
research and development. Its in-house RandD centre,
recognized by Dept. of Scientific and Industrial Research (DSIR), is equipped
with comprehensive test facilities to test various filters as per national and
international standards.
The company is certified for ISO 9001:2000 - Quality Management System and ISO
14001:2004-Environmental Management System. It has state-of-the-art
manufacturing facilities at two locations, one at Bommasandra
for manufacture of filters for IC engines and industrial applications and the
other at Dehradun (Uttarakhand)
for filters for automotive application.
John Fowler has
the following subsidiaries:
• Fowler Westrup (
• Westrup A/S,
Milestone:
1953 Established as a trading
company dealing in Spares for Fowler road rollers and locomotives.
1965 Established a
manufacturing facility in
1966 Established a
manufacturing facility in
1973 Established in - house RandD department (subsequently recognized by DSIR)
1994 Set up a filter paper
impregnation facility.
1995 Obtained ISO 9001:1994
certification for Quality Management System.
2001 Formed two joint ventures
Dickenson Fowler - for manufacture of tobacco processing machinery.
Fowler Westrup - for manufacture of seed processing
machinery and transformer oil conditioning plants.
2003 Recertified for ISO
9001:2000 version. Set up Automotive
Filter Plant with state-of-the-art manufacturing facility at Whitefield,
2004 Industrial Filter division
shifted to a new location at Bommasandra,
2005 Obtained ISO 14001 : 2004
certification for Environmental Management System.
2006 Received patent from Govt.
of India, for Machine for conditioning of diesel oil.
2008 Automotive Filter Division
relocated to
Products:
Engine Filters:
Fowler filters manufactured with high technology and expertise, protect
the I.C. engines in all operating conditions, whether on road, off-road, moving
or stationary. Fowler air filters are proven products that are used by various
leading OE manufacturers for many years to their full satisfaction. The
capacity ranges from 100 to 5000 cubic metre/ hour
and these air cleaners are suitable for very dusty conditions. They can be
horizontal or vertical type, with or without precleaner,
with single or two elements and with options such as restriction indicator,
dust ejection valve, inlet hood.
John Fowler also supplies other filters for engines, such as fuel filters,
lubricating oil filters and breathers.
Fuel filters are of two types- primary filter and secondary filter. These
filters provide guaranteed protection to fuel injection system of the engine.
Lubricating oil filters are of two types- full flow oil filter and by-pass oil
filter. These filters provide protection to lubrication system of engine.
Breathers are of two types- crank case breather and tank breather. These
breathers prevent dust ingress into the tank / crank case from atmosphere and
also prevent oil vapour / oil mist escaping out to
atmosphere.
All these filters are tested as per National/ International/Customer
standards for performance.
Industrial Filters:
John Fowler understands customer's filtration requirements and
accordingly designs the filters. They are manufactured with utmost care and
expertise so that the final requirements are fully met. The range of industrial
filters supplied by John Fowler includes panel filters and HEPA filters for
heating ventilation and air conditioning application, compressed air filters,
gas filters etc. and also liquid filtration products such as hydraulic filters,
coalescers and separators for aviation fuel, water
filters.
Panel filters are of two types- pre filters and fine filters. These filters are
tested as per relevant national / international standards. All HEPA filters are
tested as per DOP test procedure using particle counter and certified
individually for DOP efficiency of 99.97% down to 0.3 micron. John Fowler makes
MIL standard HEPA filters also for more stringent applications.
John Fowler supplies hydraulic filters with flow rate ranging from 10 lpm to 450 lpm as per customers'
requirement. These filters are tested generally as per ISO 16889 standard or as
per customer specification for performance.
After extended RandD trials, John Fowler has
developed coalescers and separators used for
filtration of aviation fuel for removal of particulates and free water from
aviation turbine fuel. These filters are tested in the laboratory as per
standard API 1581 - 5th Edition
Filteration System:
John Fowler is a technology-driven company committed to providing total
filtration solution to the customers. In addition to supplying filters, the
company designs and provides complete filtration systems to the customer.
Fowler air filtration systems for locomotive consist of primary cyclonic stage,
secondary fine filters, dust extraction blowers, motors ductings
etc.
Laminar Flow Work Stations-localised clean work zones
of various sizes with optional features such as manometers, UV germicidal
lamps, doors, provision for fixing accessories etc., - are supplied by the
company. John Fowler also designs, supplies and commissions Clean Rooms as per
customer requirement.
High tech filtration technology developed for filtration of aviation turbine
fuel has been adapted for conditioning diesel to remove water and particulate
contaminants. A compact semi-mobile diesel oil conditioning plant consisting of
pump, motor, flow meter. valves, piping etc. is supplied to industries using
diesel oil in large quantities and this ensures better performance of their
equipment.
John Fowler has been awarded a patent for this product by Govt. of India.
Manufacturing:
The company has an excellent manufacturing facility for manufacture of
filters, filter elements and filtration systems for I.C. engine and industrial
applications. The plant is designed to ensure consistent quality and high
productivity and is equipped with specially designed machines such as :
·
Rotary and Accordion type pleating machines for
pleating filter paper.
·
Conveyorised oven with
accurate temperature control for curing of filter paper.
·
Clipping machine for leak- proof joining of pleated
filter paper.
·
Microprocessor controlled adhesive dispensing
machine.
·
Custom built pneumatically operated end bonding
machine with accurate temperature control.
·
PU element manufacturing facility.
·
HEPA filter manufacturing facility in a clean room
with motorized media pleating and spacer crimping machines.
·
Other special machineries such as ink jet printing
machine for printing on filter elements, label printing machine,strapping
machine etc.
The plant is also provided with on-line quality control checking facilities for
pleat depth, pin hole, in addition to others such as end bond, bubble pressure.
The in-house fabrication facility has shearing machine, rolling machine,
nibbling machine, bending machine, spot welding machine, TIG and MIG welding
facilities. With such well-equipped facilities and well-trained operating
personnel, the company manufactures a wide range of filtration products with
highest quality standards for total customer satisfaction.
Marketing:
The company has an excellent manufacturing facility for manufacture of
filters, filter elements and filtration systems for I.C. engine and industrial
applications. The plant is designed to ensure consistent quality and high
productivity and is equipped with specially designed machines such as :
·
Rotary and Accordion type pleating machines for
pleating filter paper.
·
Conveyorised oven with
accurate temperature control for curing of filter paper.
·
Clipping machine for leak- proof joining of pleated
filter paper.
·
Microprocessor controlled adhesive dispensing
machine.
·
Custom built pneumatically operated end bonding
machine with accurate temperature control.
·
PU element manufacturing facility.
·
HEPA filter manufacturing facility in a clean room
with motorized media pleating and spacer crimping machines.
·
Other special machineries such as ink jet printing
machine for printing on filter elements, label printing machine,strapping
machine etc.
The plant is also provided with on-line quality control checking facilities for
pleat depth, pin hole, in addition to others such as end bond, bubble pressure.
The in-house fabrication facility has shearing machine, rolling machine,
nibbling machine, bending machine, spot welding machine, TIG and MIG welding
facilities. With such well-equipped facilities and well-trained operating
personnel, the company manufactures a wide range of filtration products with
highest quality standards for total customer satisfaction.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.