MIRA INFORM REPORT

 

 

Report Date :

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

NUMATIK ENGINEERS PRIVATE LIMITED

 

 

Registered Office :

305/B Shiv Bhawani Towers, Link Road, Near Anadn Nagar, Dahisar (E), Mumbai – 400068, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2009

 

 

Date of Incorporation :

19.04.2000

 

 

Com. Reg. No.:

11-125951

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U28900MH2000PTC125951

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMN10597G

 

 

PAN No.:

[Permanent Account No.]

AABCN3164A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Exporter and Importer of Water and Fuel Treatment Products.

 

 

No. of Employees :

6 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (26)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 1764

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track. The management has not filed the latest financials of the company with government departments. However trade relations are reported as fair. Business is active. Payment terms are unknown.

 

The company can be considered for business dealings with some caution.

 

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)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INFORMATION PARTED BY

 

Name :

Ms. Prajakta

Designation :

Accountant

Date :

27.06.2011

 

 

LOCATIONS

 

Registered Office :

305/B Shiv Bhawani Towers, Link Road, Near Anadn Nagar, Dahisar (E), Mumbai – 400068, Maharashtra, India

Tel. No. :

91-22-28480866

Mobile No.:

91-9867397938 (Mrs. T.M. Patel)

Fax No. :

91-22-28480100

E-Mail :

Manu305@bom8.vsnl.net.in

numatikengineers@gmail.com

bd_vasani@email.com

Website :

www.numatikaqua.com

www.roplantssanddmplants.com

Area :

10,000 sq. ft.

Location :

Owned

 

 

Corporate/Administrative Office :

Shop No. 6, Bobby Pathak Avenue, Near Corporation Bank, Opposite Rotary Garden, C.S. Complex, Dahisar (E), Mumbai – 400068, Maharashtra, India

Tel. No.:

91-22-28480866

Fax No.:

91-22-28480100

 

 

DIRECTORS

 

As On 31.03.2009

Name :

Mr. Manu Chaturbhai Patel

Designation :

Director

Address :

305/B Shiv Bhawani Towers Link Road, Dahisar (E), Mumbai – 400068, Maharashtra, India

Date of Birth/Age :

16.07.1952

Date of Appointment :

19.04.2000

 

 

Name :

Mrs. Tila Manu Patel

Designation :

Director

Address :

305/B Shiv Bhawani Towers Link Road, Dahisar (E), Mumbai – 400068, Maharashtra, India

Date of Birth/Age :

02.05.1955

Date of Appointment :

19.04.2000

 

 

 

KEY EXECUTIVE

 

Name :

Ms. Prajakta

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2009

 

Names of Shareholders

 

No. of Shares

 

 

 

Mr. Manu Chaturbhai Patel

 

5000

Mrs. Tila Manu Patel

 

5000

Total

 

10000

 

As On: 29.09.2009

 

S. No.

Category

Percentage

1

Directors or relatives of Directors

100.00

 

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Exporter and Importer of Water and Fuel Treatment Products.

 

 

Exports :

 

Products :
  • Water and Fuel Treatment Products.

Countries :
  • Middle East
  • African Countries

 

 

Imports :

 

Products :
  • Water and Fuel Treatment Products

Countries :
  • European Countries

 

 

Terms :

 

Selling :

L/C, Cash, Credit (30 days)

 

 

Purchasing :

L/C, Cash, Credit (30 days) (Bank Through)

 

 

GENERAL INFORMATION

 

Customers :
  • OEM’s
  • Taj Hotel
  • M And M
  • J W Marriott
  • Godrej
  • Dabhol Power

 

 

No. of Employees :

6 (Approximately)

 

 

Bankers :
  • Corporation Bank, Lakshmi Apts, Shubham Karoti Hsg Complex,, Anand Nagar, Dahisar (East), Mumbai - 400068, Maharashtra, India

 

 

Facilities :

Secured Loans as on 31.03.2009

Rs. In Millions

 

 

Overdraft facility from Corporation Bank against Fixed Deposit

0.465

 

 

Total

0.465

 

Unsecured Loans as on 31.03.2009

Rs. In Millions

 

 

From Director’s and Members

0.293

 

 

Total

0.293

 

 

 

Banking Relations :

-

 

 

Auditors :

 

Name :

Haresh Karvat and Company

Chartered Accountant

Address :

101, Kailash Darshan, New Link Road, Anand Nagar, Dahisar (East), Mumbai – 400068, Maharashtra, India

 

 

Associates/Subsidiaries :

Nil

 

 

CAPITAL STRUCTURE

 

As on 31.03.2009

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs. 10/- each

Rs. 0.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs. 10/- each

Rs. 0.100 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

 

31.03.2011

31.03.2010

Sales Turnover (Approximately)

 

25.000

20.000

 

The above information has been parted by Ms. Prajakta (Accountant).

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2009

31.03.2008

31.03.2007

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

0.100

0.100

0.100

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.341

0.192

0.112

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

0.441

0.292

0.212

LOAN FUNDS

 

 

 

1] Secured Loans

0.465

0.448

0.498

2] Unsecured Loans

0.293

0.352

0.492

TOTAL BORROWING

0.758

0.800

0.990

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

1.199

1.092

1.202

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

0.611

0.634

0.647

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.585

0.625

1.307

 

Sundry Debtors
1.891

0.941

0.630

 

Cash & Bank Balances
0.353

0.072

0.110

 

Other Current Assets
0.000

0.000

0.000

 

Loans & Advances
0.200

0.131

0.132

Total Current Assets
3.029

1.769

2.179

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Other Current Liabilities
2.441

1.311

1.574

 

Provisions
0.000

0.000

0.050

Total Current Liabilities
2.441

1.311

1.624

Net Current Assets
0.588

0.458

0.555

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

1.199

1.092

1.202

 

 

 

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2009

31.03.2008

31.03.2007

 

 

 

 

 

 

SALES

15.097

9.604

5.195

 

 

 

 

 

 

Net Profit

0.149

0.081

0.004

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2009

31.03.2008

31.03.2007

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
7.25

7.22

12.33

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
1.24

1.34

1.34

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Form 8

 

This form is for

Creation of charge

Corporate identity number of the company

U28900MH2000PTC125951

Name of the company

NUMATIK ENGINEERS PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

305/B Shiv Bhawani Towers, Link Road, Near Anadn Nagar, Dahisar (E), Mumbai – 400068, Maharashtra, India

Type of charge

Immovable Property

Movable Property

Others (Common Deed Of Hypothecation and Deposit Of Title Deed)

Particular of charge holder

Name :

Corporation Bank

Address :

Lakshmi Apts, Shubham Karoti Hsg Complex,, Anand Nagar, Dahisar (East), Mumbai - 400068, Maharashtra, India

Email :

cb430@corpbank.co.in

Nature of description of the instrument creating or modifying the charge

Common Deed of Hypothecation of Movables /Assets/Debts And Memorandum Of Deposit Of Title Deeds.

Date of instrument Creating the charge

25.03.2009

Amount secured by the charge

Rs. 0.930 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Rate of Interest @ 14.00%

 

Terms of Repayment

Running Account, to Be Reviewed/Renewed Annually

 

Margin

NA.

 

Extent and Operation of the charge

NA.

 

Others

NA.

Short particulars of the property charged

Stocks, Receivables and Moveable Assets of the Company Present and Future. And Emg of Shop No. A/2, Gr. Floor, Bobby Pathak  Avenue Chs Limited Bobby Avenue, C S Road No.3, Anand Nagar, Dahisar East, Mumbai - 400 068. Admg 239 Sq. Ft.

 

Fixed Assets

 

  • Air Conditioner
  • Computer
  • EPBX System
  • Furniture
  • Printer
  • Car/Scooter
  • Fax Machine
  • Tempo
  • Godown Purchase

 

Trade References

 

  • Agog Pharma Limited
  • Saint Gobain Gyproc India Limited
  • Jayco Chemical Industries
  • Nilkamal Limited

 

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 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.45.05

UK Pound

1

Rs.71.91

Euro

1

Rs.64.34

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

2

--CREDIT LINES

1~10

3

--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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.