MIRA
INFORM REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
TECHNOZONE ENVIRONMENTAL SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
No. 1, SIDCO Industrial Estate, Thirumudivakkam, Chennai – 600044,
Tamilnadu |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
03.06.2009 |
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Com. Reg. No.: |
18-071809 |
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Paid-up Capital
: |
Rs. 0.223 Million |
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CIN No.: [Company Identification
No.] |
U41000TN2009PTC071809 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ozone Generator |
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No. of Employees
: |
30 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1400 |
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Status : |
New company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. Trade relations
are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
The Profit and Loss of the company is not available. |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. John Paul |
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Designation : |
Manager |
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Contact No.: |
91-44-24780696 |
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Date : |
11.07.2011 |
LOCATIONS
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Registered Office/Factory : |
No. 1, SIDCO Industrial Estate, Thirumudivakkam, Chennai – 600044, |
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Tel. No.: |
91-44-24780696 |
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Fax No.: |
91-44-42852196 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As On 30.09.2010
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Name : |
Mr. Sagayaraj Dhanasami Felix Arokiaraj |
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Designation : |
Director |
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Address : |
Row House No. 1, 76 (O. No. 45) Halls Road, Kil Pauk, Chennai –
600010, Tamilnadu, India |
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Date of Birth/Age : |
20.08.1968 |
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Date of Appointment : |
03.06.2009 |
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DIN No.: |
02584512 |
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Name : |
Mrs. Malini Sagayaraj |
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Designation : |
Director |
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Address : |
Row House No. 1, 76 (O. No. 45) Halls Road, Kil Pauk, Chennai –
600010, Tamilnadu, India |
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Date of Birth/Age : |
17.08.1972 |
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Date of Appointment : |
03.06.2009 |
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DIN No.: |
02584448 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Sagayaraj A |
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8000 |
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Malini Sagayaraj |
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2000 |
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Total |
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10000 |
As On 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ozone Generator |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
30 (approximately) |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
N. C. Rajagopal and Company Chartered Accountant |
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Address : |
No. 22, |
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Tel. No.: |
91-44-24891569 |
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Pan No.: |
AAAFN0572A |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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22320 |
Equity Shares |
Rs. 10/- each |
Rs. 0.223
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.223 |
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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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0.129 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.352 |
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LOAN FUNDS |
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1] Secured Loans |
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2.333 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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2.333 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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2.685 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.292 |
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Capital work-in-progress |
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0.005 |
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INVESTMENT |
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0.000 |
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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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1.305 |
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Sundry Debtors |
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1.571 |
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Cash & Bank Balances |
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0.011 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.447 |
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Total
Current Assets |
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3.334 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.883 |
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Other Current Liabilities |
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0.002 |
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Provisions |
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0.061 |
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Total
Current Liabilities |
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0.946 |
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Net Current Assets |
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2.388 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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2.685 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
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9.32 |
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Current Ratio (Current Asset/Current Liability) |
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3.52 |
LOCAL AGENCY FURTHER INFORMATION
Background
Subject was incorporated on 03.06.2009 as a private limited company
under the companies act 1956 with its registered office located in Chennai. The
company operates in the manufacturing sector and carries on the business of
design, manufacturing/assembling of engineering and electrical components.
Note:
The Registered Office of the company has been shifted from ‘Sri Arcade’
Block D-106/12, 1st Main Road, Anna Nagar East, Chennai – 600102,
Tamilnadu, India to the present address w.e.f 01.09.2010.
Form 8:
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Corporate
identity number of the company |
U41000TN2009PTC071809 |
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Name of the
company |
TECHNOZONE
ENVIRONMENTAL SOLUTIONS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
'Sri Arcade'
Block D-106/12, 1st |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
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Nature of
instrument creating charge |
Hypothecation of Stock
of Electrical and electronic items like PLC control systems, electronic
control boards, etc. and assignment of receivables not older than 90 days. |
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Date of
instrument Creating the charge |
28.07.2009 |
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Amount secured by
the charge |
Rs. 2.500 Millions
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- BPLR+1% p.a. (12% p.a. at present) Terms of
Repayment - One year subject to renewal every year. Margin - Stock
25% Book Debts 35% Extent and
Operation of the charge - Submit stock and receivables statement every month
on or before 10th. Drawings will be allowed only against paid for stock and
Book Debts not older than 90 days. |
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Particulars of
the property charged |
Hypothecation of
Stock of Electrical and electronic items like PLC control system, electronic
control boards, etc., at No.1 SIDCO Industrial Estate, Thirumudivakkam,
Chennai in the name of M/s Shafel Tech. |
Fixed assets:
- Land
- Building
- Plant and
machinery
- Furniture and
fixtures
- Vehicles
AS PER WEBSITE
DETAILS
PROFILE:
Technozone, the pioneers in "Detonation Spray
Coating Technology" in
Technozone has researched
and developed the Ceramic Electrodes which are coated with D-Gun and which has
the highest di-electric strength. These ceramic electrodes are utilized to
produce highest concentration Ozone. Currently in India Ozone generators are
manufactured with glass electrodes which have very low concentration and
reliability and occupy 10 times more space than ceramic electrodes. On the
other hand ceramic electrodes produce high concentration ozone occupying very
little space and consuming less power.
Shafel Tech the parent company
of Technozone, was the first company to introduce D-Gun (Detonation Spray
Coating) in India 10 years ago and now it introduces Advanced Ceramic coated
electrodes for their Ozone Generator in India for the first time. Shafel
Tech (www.shafeltech.com)
is an ISO 9001:2008 certified company established in May 2000
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 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.44.37 |
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|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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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 |
NO |
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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 |
|
26 |
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.