MIRA
INFORM REPORT
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Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
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Name : |
COOLPACK HVAC SYSTEMS PRIVATE LIMITED [w.e.f. 2008] |
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Formerly Known
As : |
COOL PACK TECHNOLOGY |
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Registered
Office : |
Unit No.3, Sara Business Centre, Opposite Sheetal Cinema, LBS Marg,
Kurla West, Mumbai – 400070, |
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Country : |
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Date of
Incorporation : |
12.02.2011 |
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Com. Reg. No.: |
11-213399 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U29253MH2011PTC213399 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Distributor for
carrier in |
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No. of Employees
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28 [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 : |
New Company |
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Payment Behaviour : |
Unknown |
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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 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 – 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. Ayaz Ahmed Khan |
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Designation : |
Director |
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Contact No.: |
91-9820698740 |
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Date : |
26.09.2011 |
LOCATIONS
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Registered Office : |
Unit No.3, Sara Business Centre, Opposite Sheetal Cinema, LBS Marg,
Kurla West, Mumbai – 400070, Maharashtra, India |
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Tel. No.: |
91-22-65210001 |
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Mobile No.: |
91-9820698740 [Mr. Ayaz Ahmed Khan] |
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Fax No.: |
91-22-25034700 |
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E-Mail : |
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Website : |
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Area : |
250 Sqft. |
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Location : |
Rented |
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Branch Office 1
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Shop No.A-22, Sanghani Estate, Behind T |
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Branch Office 2
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Unit No.2, |
DIRECTORS
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Name : |
Mr. Ayaz Ahmed Khan |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
25 Years |
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Qualification : |
B. Tech |
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Experience : |
3 Years |
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Name : |
Mr. Nihal Ahmed Khan |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
22 Years |
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Qualification : |
Commerce Graduate |
BUSINESS DETAILS
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Line of Business : |
Distributor for
carrier in |
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Products : |
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Brand Names : |
CARRIER – AIRCONDITIONS |
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Terms : |
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Selling : |
Cash / Credit [30 / 60 Days] |
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Purchasing : |
Cash / Credit [30 / 60 Days] |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
28 [Approximately] |
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Bankers : |
Canara Bank, LBS Marg, Kurla West, Mumbai – 400070, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Heavens Comfort Address : Malad West,
Mumbai – 400064, Activity : Service
Provider of Air Conditions |
CAPITAL STRUCTURE
Authorised Capital : Rs.0.100 million
Issued, Subscribed & Paid-up Capital : Rs.0.100 million
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover [Approximately] |
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3.000 |
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Expected Sales (2011-2012) : Rs.15.000 millions
The above information has been parted by Mr. Ayaz Ahmed Khan [Director].
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
Yes |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
- |
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No.
of Employees |
Yes |
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Name
of Person Contacted |
Yes |
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Designation
of contact person |
Yes |
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Turnover
of firm for last three years |
Yes [1 Year] |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
No |
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Estimation
for coming financial year |
Yes |
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Capital
the business |
Yes |
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Details
of sister concerns |
Yes |
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Major
Suppliers |
No |
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Major
Customers |
Yes |
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Payment
Terms |
Yes |
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Export
/ Import Details [If Applicable] |
No |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
No |
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Incorporation
details, if applicable |
- |
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Last
accounts filed at ROC |
- |
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Major
Shareholders, if applicable |
- |
Trade References :
- Viom Network,
Mumbai [Mr. Vinayak Kulkarni]
- APM Terminal,
Navi Mumbai [Mr. Bhattacharya]
- Reliance
Mutual Fund, Mumbai [Ms. Nancy]
As per Website :
Company Profile
Subject was Formed
By AYAZ AMHED (M.D.) in the year 1999 with its head quarters
located at Mumbai, office. The erstwhile proprietor of the firm is a Graduate
Engineer specialised in Refrigeration and Air Conditioning field and his
industrial experience gained during his tenure as Engineer from the Air
Conditioning and Refrigeration companies in
Then the company
realized the fact that the customer satisfaction could be achieved only by
offering efficient and prompt services. The Company Rename in 2008 As a Coolpack HVAC System Private Limited .And undertook the Refrigeration and Air
Conditioning jobs to Design and supply on turnkey basis of the followings.
- Central Air Conditioning Plants
- Clean Room Air Conditioning System
- Water / Brine Chilling Plants
- Cold Storage
The company grown in dimension and to strengthen and to show its capability in meeting the various needs of its Customers in the year 2008 to it was incorporated with Registrar of Companies as a PRIVATE LIMITED COMPANY with its head quarters located at MUMBAI with a service branch located at Pune, Ahmedabad, Surat, Hydrabad, Nagpur And Many More Upcoming Destination to cater fastest service after sales for clients.
Due to clients
request the company has also carrying out Services and repair job of competitor
Products of Industrial, Refrigeration /Air Conditioning Products to satisfy its
valuable customs.
Today the companies’
activities are centered around Sales, Installation and Servicing of Central Air
conditioning, Industrial Chilling plants and Cold Storage products designed for
customer on turnkey basis and render with integrated setup of the Service /
Maintenance after sales and service.
History
Established in 1999
COOL PACK TECHNOLOGY. was a long time exclusive sales and service Of Air
conditionrs. In 2008 The Company Renamed COOL PACK HVAC SYSTEM PRIVATE LIMITED
continued the business as distributor for carrier in
Serving the India with Air Conditioning since 1999, The Air Conditioning
Company COOL PACK HVAC SYSTEM PRIVATE LIMITED is the one-stop shop for all air
conditioning and air improvement products and services covering all
requirements from the smallest room to the largest exhibitions, events and any
emergency requirements.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.13 |
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1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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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
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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.