MIRA
INFORM REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
UNN TIMBERTECH PRIVATE LIMITED |
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Registered
Office : |
Surat Navsari Road, At and Po UMV, Surat-394210, Gujarat |
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Country : |
India |
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Date of
Incorporation : |
05.03.1990 |
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Com. Reg. No.: |
04-013455 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.324 million |
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CIN No.: [Company Identification
No.] |
U29299GJ1990PTC013455 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
SRTU00381D |
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PAN No.: [Permanent Account No.] |
AAACU5573H |
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Legal Form : |
Private limited liability company. |
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Line of Business
: |
Manufacturer and Exporter of BWP Marine Plywood, BMP Flush Doors, BWP Veneer
Doors, BMP Moulded Doors etc. |
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 : |
Dormant |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As per government, the status of the company is shown as Dormant. The management
has not filed the financials of the company with the government departments
after the year 2004. In absence of financials, the current financial status and performance
of the company are unknown. Initially, the company can be considered for business dealings on a
safe and secured 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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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 |
LOCATIONS
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Registered Office : |
Surat Navsari Road, At and Po UMV, Surat-394210, Gujarat, India |
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Tel. No.: |
91-261-2872344 |
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Fax No.: |
91-261-2872144 |
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Website : |
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Factory 1 : |
Opposite Madhav Park, At and Post Unn, Sachin Road, Surat-394210,
Gujarat, India |
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Tel. No.: |
91-261-2751144/ 2750141 |
DIRECTORS
AS ON 30.09.2004
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Name : |
Mr. Narsinhbhai H. Patel |
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Designation : |
Whole Time Director |
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Address : |
4/21, Shaflya Association, Udhana, Surat, Gujarat, India |
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Date of Birth/Age : |
07.04.1950 |
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Date of Appointment : |
05.03.1990 |
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Name : |
Ms. Umaben N Patel |
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Designation : |
Whole Time Director |
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Address : |
4/21, Shaflya Association, Udhana, Surat, Gujarat, India |
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Date of Birth/Age : |
01.01.1954 |
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Date of Appointment : |
05.03.1990 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2004
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Names of Shareholders |
No. of Shares |
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Narsinhbhai H. Patel |
32410 |
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Umaben N Patel |
10 |
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Total |
32420 |
AS ON 30.09.2004
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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 and Exporter of BWP Marine Plywood, BMP Flush Doors, BWP
Veneer Doors, BMP Moulded Doors etc. |
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Products : |
·
BWP Marine Plywood ·
BMP Flush Doors ·
BWP Veneer Doors ·
BMP Moulded Doors |
GENERAL INFORMATION
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Customers : |
·
Kalpataru Construction Overseas Private Limited –
Mumbai ·
K. Raheja Corporation - Mumbai. ·
ECC Construction Company / L and T. – Hazira ·
Shahpoorji Pallonji and Company – Hazira ·
Reliance Petroleum Limited – Jamnagar ·
Gujarat Ambuja Cement. – Magdalla ·
Indian Oil Corporation. - Surat. ·
Gannon Dunkerly and Company - Surat. ·
Gas Authority of India Limited. - Hazira. ·
Indian Rayon Corporation - Veraval |
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Bankers : |
Not Available |
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Banking Relations
: |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.04.2004
Authorised Capital :
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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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32420 |
Equity Shares |
Rs.10/- each |
Rs. 0.324
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
WEBSIDE DETAILS
PROFILE
Subject is in the wooden business since past 6 decades. The initiative
of starting this business was taken by Mr.
H. M. Patel 60 years ago. Since
then, the family trend is taken over by the successors.
In the year 1975, Shri N. H. Patel settled in Surat and set
the grounds of M/s SARVODAYA TIMBERS
which at that time was dealing mainly with timber specialized in Teak Wood.
Since then they have been striving hard to give out their best which they were
able to achieve successfully satisfying one and all. They kept in their mind
this one motto that good quality and service is the base of any long term
business and today they proudly can proclaim that they are the best in
"Surat" and one of the best in the whole of "Gujarat". In
the year 1991, as a stage of expansion, they diversified in the business of
Plywood under the name of UNN
TIMBERTECH PVT. LTD. They were the first in the whole of South Gujarat
to do so.
They ensured their standing not only in Surat but also all over South
Gujarat and Maharashtra. Their wood is imported from Malaysia which is a major
aspect of our company and the initial processing to the finished product is
manufactured in their own premises at Surat. Their company guarantees its
products as they are very well aware of the manufacturing process and the
material used. Their company owns the most efficient machineries like Face
veneer peeling, Core veneer peeling, Seasoning chambers, Resin plant, Hydraulic
hot press, Dryer, Guillotine Jointer etc which guarantees quality of output. To
provide their quality products to everybody, they have their company's retail
outlet in the heart of the city.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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 |
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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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.