MIRA
INFORM REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MD PRO-MOULDS PRIVATE LIMITED |
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Registered
Office : |
C – 31, Sahayog, CBI
Mumbai Staff CHS, |
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Country : |
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Date of
Incorporation : |
10.03.2008 |
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Com. Reg. No.: |
179928 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.700 Million |
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CIN No.: [Company Identification
No.] |
U74999MH2008PTC179928 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of
Thermocol Dyes and Thermocol Processing Machines. |
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No. of
Employees: |
25 (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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management of the company has not filed its financial to Government departments
since its incorporation. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.
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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 |
INFORMATION PARTED BY
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Name : |
Mr. Manish |
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Designation : |
Operational Manager |
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Contact No.: |
91-9870677877 |
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Date : |
22.06.2011 |
LOCATIONS
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Registered Office |
C – 31, Sahayog,
CBI Mumbai Staff CHS, |
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Tel. No.: |
91-22-28545738 |
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Mobile No.: |
91-9870677877
(Mr. Manish) |
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Fax No.: |
91-22-28545739 |
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E-Mail : |
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Website : |
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Location : |
1.5 Acre (Owned ) |
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Head Office : |
205, Dimple
Arcade, Thakur Complex, Kandivli (East), Mumbai – 400101, |
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Location : |
Rented |
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Factory : |
Gat No. 137, |
DIRECTORS
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Name : |
Mr. Mohan D. Walawalkar |
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Designation : |
Managing Director |
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Address : |
B -703, Yamuna, Vasant Sagar, Thakur Village, Kandivali (East), Mumbai
– 400101, Maharashtra, India |
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Date of Birth/ Age : |
23.11.1970 |
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Name : |
Ms. Kiran Bambulkar |
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Designation : |
Director |
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Address : |
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Date of Birth/ Age : |
05.01.1966 |
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Name : |
Mrs. Tejashree Bambulkar |
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Designation : |
Director |
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Address : |
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Date of Birth/ Age : |
12.07.1968 |
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Name : |
Mr. Deenar S. Walawalkar |
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Designation : |
Director |
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Address : |
B -703, Yamuna, Vasant Sagar, Thakur Village, Kandivali (East), Mumbai
– 400101, Maharashtra, India |
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Date of Birth/ Age : |
16.05.1966 |
KEY EXECUTIVES
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Name : |
Mr. Manish |
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Designation : |
Operational Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.01.2008)
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Names of Shareholders |
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No. of Shares |
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Mohan D. Walawalkar |
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17500 |
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Deenar S. Walawalkar |
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17500 |
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Kiran Bambulkar |
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17500 |
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Tejashree Bambulkar |
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17500 |
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Total |
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70000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Thermocol
Dyes and Thermocol Processing Machines. |
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Products : |
·
Shape Moulding Machines ·
Hydraulic and Pneumatic Machines (Fully Auto
and Semi Auto) ·
Pre-foaming Machines with screw conveyors ·
Double Foaming Fluidized Bed Dry
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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 : |
As on 31.03.2010
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No. of Employees : |
25 (Approximately) |
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Bankers : |
§
Saraswat
Co-operative Bank Limited, SME Vile Parle Branch, Mumbai , |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
G G Gujarati and Associates Chartered Accountant |
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Address: |
Andheri (West), Mumbai, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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70000 |
Equity Shares |
Rs.10/- each |
Rs.0.700 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
34.600 |
24.100 |
22.300 |
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Expected Sales ( 2011-12) : Rs.40.000
Millions
The above information has been parted by Mr. Manish (Operational Manager)
LOCAL AGENCY FURTHER INFORMATION
NOTE:
M D Pro-Moulds was
a Proprietorship Firm in 1994 than in it changed to partnership firm in 2004,
now it has been changed to private Limited from March – 2008. But the Business
was been started in Private Limited from November, 2008. Therefore the turnover
for 2008-2009, will be of partnership and Private Limited firm. Partnership
turnover from March 2008 – October 2008 is 16.200 Millions, November 2008 –
March 2009 is 7.600 Millions.
TRADE REFERENCE:
Ř
Onida
FORM 8:
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Corporate
identity number of the company |
U74999MH2008PTC179928 |
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Name of the
company |
MD PRO-MOULDS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
C – 31, Sahayog,
CBI Mumbai Staff CHS, |
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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 |
Saraswat
Co-operative Bank Limited Plot No. CIS
383-A, Junction Off S. V. Road and Jamnadas Adukia Road, Kandivli [West],
Mumbai – 400067, Maharashtra, India |
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Nature of
instrument creating charge |
Agreement of
Hypothecation of Movable Property |
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Date of
instrument Creating the charge |
16.03.2009 |
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Amount secured by
the charge |
Rs.4.900 Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
Interests: Interests @ 14%
p.a. Terms of
Repayment: On Demand Margin: 25% Extent and
Operation of the charge: The charge will
operate to the extent of Rs.4.900 Millions on the security offered by the
company |
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Particulars of
the property charged |
All tangible
movable assets, stock and Book Debts both present and future of the borrower
company stored at any places of business |
AS PER WEBSITE DETAILS
Subject was incorporated as a partnership firm in the year 1994. It was conceptuated as a company that would cater to end industries such as FMCG, Electronics, Heavy Engineering, Food Industries, Pharmaceuticals Etc. in the specialized field of Mould manufacture and Packaging.
The company initially started as a small manufacturing unit at Mumbai with
machining facilities adequate for small shape moulds; But , with the market
demand increasing for complicated and larger shape moulds, they upgraded their
machinery and concentrated on fulfilling this need gap in the market.
Their focus has always been quality with timely delivery and efficient after
sales service. Their sales and service teams are always geared up for timely
and efficient customer response, irrespective of geographical time constraints.
With the liberalisation of the economy, there has been a demand for single
point responsibility for full-fledged EPS processing machinery and plants
inclusive of utility blocks for the same. MS Pro Moulds ventured into this
arena in the year 2000 and has been designing , manufacturing ,
supplying, installing and commissioning such plants successfully since then to
the satisfaction of their esteemed customers.
Today , MD Pro Moulds stands differentiated as a unique company in
in line with present global trends, MD Pro Moulds is closely associated with
the "Indian Institute of Packaging" renowned across
It has been a continues and constant endeavour by MD Pro Moulds to offer the
best to their esteemed customers as they will always preserve-re towards
ethical goals of excellence in the future.
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 |
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US Dollar |
1 |
Rs.45.10 |
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|
1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
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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45 |
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 |
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.