%20PRIVATE%20LIMITED%20-%20160925%2030-Nov-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNIMAX POLLUTION CONTROL ( |
|
|
|
|
Registered Office
: |
Solaris 1, 1st Floor, Unit No. D-145, Opposite L and T,
Gate No. 6, Sakivihar Road, Powai, Andheri (East), Mumbai – 400 072,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
07.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-180891 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93000MH2008PTC180891 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU06123F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU0633R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pollution Control Equipments. |
|
|
|
|
No. of Employees
: |
14 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1500 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
Mr. Donald Rajesh Miranda |
|
Designation : |
Director |
|
Contact No.: |
91-22-42602121 |
|
Date : |
28.11.2011 |
LOCATIONS
|
Registered Office : |
Solaris 1, 1st Floor, Unit No. D-145, Opposite L and T,
Gate No. 6, Sakivihar Road, Powai, Andheri (East), Mumbai – 400 072, Maharashtra,
India |
|
Tel. No.: |
91-22-42602121 / 26456339 |
|
Fax No.: |
91-22-42602129 / 26212014 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.2, Gut
No.68P, Waliv - Bhiwandi Road, Village Khupari, Taluka Wada, Bhiwandi, District Thane – 421 312, Maharashtra,
India |
|
Area : |
40000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. Donald Rajesh Miranda |
|
Designation : |
Director |
|
Address : |
E/5, Rose Garden, Vakola Pipe Line, Santacruz (East),
Mumbai – 400 055, |
|
Date of Birth/Age : |
27.09.1971 |
|
Qualification : |
Chemical Engineer |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
02090923 |
|
|
|
|
Name : |
Mr. Daniel Roshan Miranda |
|
Designation : |
Director |
|
Address : |
E/5, Rose Garden, Vakola Pipe Line, Santacruz (East),
Mumbai – 400 055, |
|
Date of Birth/Age : |
31.12.1976 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
02090927 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Donald Rajesh Miranda |
|
5000 |
|
Daniel Roshan Miranda |
|
5000 |
|
Total |
|
10000 |
As on 28.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pollution Control Equipments. |
|
|
|
|
Exports : |
|
|
Products : |
Pollution Control Equipments |
|
Countries : |
·
·
·
·
·
|
|
|
|
|
Terms : |
|
|
Purchasing : |
Advance |
GENERAL INFORMATION
|
Suppliers : |
·
·
Spareage Silk Limited ·
Alpha Creations ·
Rishikesh Stationers ·
Ashiv Associates ·
The Professional
Couriers ·
Security and Escort Services Private Limited ·
Desai Industries ·
Mahavir Arts ·
M. S. Enterprises ·
Nagrik Hardware Stores ·
Neelam Trading Corporation |
|||||||||
|
|
|
|||||||||
|
Customers : |
OEM’s and Manufacturer ·
Thermax Limited, Pune ·
Maxitherm Boilers Private Limited ·
Bharat Electronics ·
Diamond Cement ·
Lipi Consultants Limited ·
ETA Engineering Limited ·
NTPC Limited ·
JIndal Strips Limited ·
Telco Limited ·
Bajaj Hindustan Limited ·
Associated Capsules Limited ·
Vora Packaging ·
Allied Furnances Private Limited ·
NESCO Limited ·
United Spirits Limited ·
Striver Equipments Private Limited |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
14 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Bank of Sakinaka Branch, |
|||||||||
|
|
|
|||||||||
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Facilities : |
Cash Credit Rs.4.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. S. Parab and Associates Chartered Accountants |
|
Address : |
64/28/07, Ganesh Kripa Co-Operative Housing Society, Gandhi Nagar,
Bandra (East), Mumbai – 400 051, |
|
Tel. No.: |
91-22-26456339 |
|
Mobile No.: |
91-9892220109 |
|
E-Mail : |
|
|
PAN No.: |
AAAPP6799F |
CAPITAL STRUCTURE
After 28.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
As on 28.09.2010
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]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.274 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(0.006) |
|
|
NETWORTH |
|
0.374 |
0.094 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
5.269 |
0.000 |
|
|
TOTAL BORROWING |
|
5.269 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.643 |
0.094 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
6.980 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
4.347 |
0.000 |
|
|
Sundry Debtors |
|
5.180 |
0.000 |
|
|
Cash & Bank Balances |
|
2.596 |
0.065 |
|
|
Other Current Assets |
|
0.024 |
0.000 |
|
|
Loans & Advances |
|
0.024 |
0.000 |
|
Total
Current Assets |
|
12.171 |
0.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
11.596 |
0.000 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
13.543 |
0.006 |
|
|
Net Current Assets |
|
(1.372) |
0.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.035 |
0.035 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.643 |
0.094 |
|
%20PRIVATE%20LIMITED%20-%20160925%2030-Nov-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20160925%2030-Nov-2011_files/image004.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
38.022 |
0.000 |
|
|
|
Discount Received |
|
0.032 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
38.054 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
|
24.723 |
0.000 |
|
|
|
Direct Expenses |
|
4.040 |
0.000 |
|
|
|
Office Expenses |
|
5.829 |
0.000 |
|
|
|
Professional Fees |
|
0.042 |
0.003 |
|
|
|
Audit Fees |
|
0.025 |
0.003 |
|
|
|
Duty and Taxes |
|
2.221 |
0.000 |
|
|
|
TOTAL |
|
36.880 |
0.006 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.174 |
(0.006) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.777 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
0.397 |
(0.006) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.123 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX |
|
0.274 |
(0.006) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
|
27.40 |
(0.60) |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
59.700 |
Expected Sales (2011-2012) : Rs.75.000 millions
The above information has been parted by Mr. Donald
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
0.72 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.04 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.07 |
(9.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.06 |
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
50.30 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.90 |
10.83 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
|
|
1. |
Year of Establishment |
YES |
|
2. |
Locality of the firm |
YES |
|
3. |
Constitutions of the firm |
YES |
|
4. |
Premises details |
YES |
|
5. |
Type of Business |
YES |
|
6. |
Line of Business |
YES |
|
7. |
Promoter’s background |
-- |
|
8. |
No. of employees |
YES |
|
9. |
Name of person contacted |
YES |
|
10. |
Designation of contact person |
YES |
|
11. |
Turnover of firm for last three years |
YES |
|
12. |
Profitability for last three years |
NO |
|
13. |
Reasons for variations <> 20% |
-- |
|
14. |
Estimation for coming financial year |
YES |
|
15. |
Capital in the business |
YES |
|
16. |
Details of sister concerns |
-- |
|
17. |
Major Suppliers |
YES |
|
18. |
Major Customers |
YES |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
YES |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
NO |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
NOTE
The Registered Office of the company has been shifted from E/5, Rose Garden, Vakola Pipe Line, Santacruz (East), Mumbai – 400 055, Maharashtra, India to the present address w.e.f. 02.08.2010.
FINANCIAL RESULTS
Profit during the year was Rs.0.397 million.
FORM 8
|
Corporate identity number of the company |
U93000MH2008PTC180891 |
|
Name of the company |
UNIMAX POLLUTION CONTROL ( |
|
Address of the registered office or of the principal place of business in |
Solaris 1, 1st Floor, Unit No. D-145, Opposite L and T,
Gate No. 6, Sakivihar Road, Powai, Andheri (East), Mumbai – 400 072,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Immovable property ·
Book debts ·
Movable property (not being pledge) |
|
Particular of charge holder |
Bank of Sakinaka Branch, |
|
Nature of instrument creating charge |
Composite Hypothecation Agreement. Memorandum of Entry. [Both instruments create a single charge]. |
|
Date of instrument Creating the charge |
21.04.2011 |
|
Amount secured by the charge |
Rs.12.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 13.5% p.a. with monthly rests. Terms of Repayment On Demand Margin 25% on stocks 40% on book debts Extent and Operation of the charge The charge is created to secure the due repayment and discharge of Cash
Credit facility of Rs.12.000 millions [with sub-limit : Bills Discounted
under LC - Rs.1.000 millions and Inland Bank Guarantee - Rs.1.500 millions],
together with interest, interest tax, further interest, additinal interest,
penal interest, commission fees, cost, charges and expenses incurred or to be
incurred by the Bank till date of payment. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Stocks, both present and future and all stocks of
RMs, WIP, SFGs, FGs such as MS Sheet, MS Angles, Channel, MS round, Bearings,
pedestrials, models etc., packing materials and stores, etc.. ·
All the present and future book-debts,
outstanding, monies receivable, claims, bills, contracts, engagements and
securities, etc.. ·
All the tangible movable machinery and plant and
cranes, boats and crafts and the vehicles together with spares, tools and
accessories and other movables, both present and future, and the furniture,
fixtures and fitting and office equipment whether installed or not and
whether lying loose or in cases at Plot No.2, Gut No.68P, Waliv - Bhiwandi
Road, Village Khupari, Taluka Wada, District Thane 421312. ·
All that piece and parcel of land situated at
Village Khupari in Wada Industrial Zone 'D' plus Taluka - Wada, District
Thane, Sub-Division and District Thane, ·
Unit No.145, adm. 370 sq. ft. built up on first
floor in the building known as Solaris - 1, Universal Industrial Estate,
constructed on the peace and parcel of land bearing CTS No.98, 101, 101/4,
lying, being and situated at Village Tungva, Saki Vihar Road, Andheri (East),
Mumbai 400 093, both present and future. |
TRADE REFERENCES
·
Thermax Limited, Pune
·
Maxitherm Boilers Private Limited
·
·
Spareage Silk Limited
FIXED ASSETS
·
·
·
Office Premises
·
Furniture and Fitting
·
Tools and Equipment
·
Office Equipment
·
Computer
·
Air Conditioner
·
Weighing Scale
·
EOT Crane
·
Electrical Installation
·
Plant and Machinery
·
Xerox Machine
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.51.93 |
|
|
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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.