MIRA INFORM REPORT
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Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HITECH ULTRAVIOLET PRIVATE LIMITED |
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Registered
Office : |
35 |
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Country : |
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Date of
Incorporation : |
14.01.1994 |
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Com. Reg. No.: |
11-76073 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U74999MH1994PTC076073 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07156C / MUMM16107A / MUMH12813D
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PAN No.: [Permanent Account No.] |
AAACH9261R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of UV Systems. |
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No. of Employees
: |
26 (Approximately) |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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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 since its inception. However, as claim by the Mr. Vakkachan
Chirayath, Director that the status of the company is very much active.
Payments are unknown. 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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. Vakkachan Chirayath |
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Designation : |
Director |
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Contact No.: |
91-9820039479 |
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Date : |
21.01.2012 |
LOCATIONS
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Registered Office : |
35 |
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Tel. No.: |
91-22-26790610 / 26794611 / 26794327 |
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Mobile No.: |
91-9820039479 (Mr. Vakkachan Chirayath) |
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Fax No.: |
91-22-26794337 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
208, Sarita Industrial Estate, Opposite MTNL, Dahisar (East), Mumbai –
400 068, |
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Tel. No.: |
91-22-65019366 / 28960727 / 64514637 |
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Fax No.: |
91-22-28962329 |
DIRECTORS
As on 30.09.2005
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Name : |
Mr. Vakkachan Chirayath |
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Designation : |
Director |
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Address : |
14, |
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Date of Appointment : |
14.01.1994 |
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Name : |
Mr. Vivil Vakkachan C. |
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Designation : |
Director |
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Address : |
D-001, Panchavan Complex, Off L M Road, Borivali (West), Mumbai – 400
103, |
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Date of Appointment : |
10.03.2000 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
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No. of Shares |
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Vakkachan Chirayath |
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250 |
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Vivil Vakkachan C. |
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150 |
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Total |
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400 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of UV Systems. |
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Products : |
·
UV System (Teflon based) ·
UV System (Quartz based) ·
Micron Filter ·
UV Measuring Instruments ·
Surface Air Purifier ·
Accessories |
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Exports : |
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Products : |
UV Systems |
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Countries : |
·
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·
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
·
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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 : |
End Users ·
Aqua Designs ·
Coca Cola ·
Dabur ·
Suzuki ·
BHEL ·
Cadila Pharmaceuticals Limited ·
Escorts ·
Tata ·
ACG Worldwide ·
Reliance Industries Limited ·
Bharat Petroleum ·
India Glycols Limited ·
Johnson and Johnson ·
Ranbaxy Laboratories Limited |
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No. of Employees : |
26 (Approximately) |
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Bankers : |
·
State Bank of ·
HDFC Bank, Mumbai, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S R M and Associates Chartered Accountants |
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Address : |
Andheri, Mumbai, |
CAPITAL STRUCTURE
Authorised Capital : Rs.0.500 million
Issued, Subscribed & Paid-up Capital : Rs.0.100
million
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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15.000 |
15.000 |
The above information has been parted by Mr. Vakkachan Chirayath
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
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1. |
Year of Establishment |
YES |
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2. |
Locality of the firm |
YES |
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3. |
Constitutions of the firm |
YES |
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4. |
Premises details |
YES |
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5. |
Type of Business |
YES |
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6. |
Line of Business |
YES |
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7. |
Promoter’s background |
-- |
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8. |
No. of employees |
YES |
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9. |
Name of person contacted |
YES |
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10. |
Designation of contact person |
YES |
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11. |
Turnover of firm for last three years |
YES |
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12. |
Profitability for last three years |
NO |
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13. |
Reasons for variations <> 20% |
NO |
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14. |
Estimation for coming financial year |
NO |
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15. |
Capital in the business |
YES |
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16. |
Details of sister concerns |
NO |
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17. |
Major Suppliers |
NO |
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18. |
Major Customers |
NO |
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19. |
Payment terms |
YES |
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20. |
Export / Import details (is applicable) |
YES |
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21. |
Market information |
-- |
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22. |
Litigation that the firm / promoter involved
in |
-- |
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23. |
Banking Details |
YES |
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24. |
Banking facility details |
-- |
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25. |
Conduct of the banking account |
-- |
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26. |
Buyer visit details |
-- |
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27. |
Financials, if provided |
NO |
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28. |
Incorporation details, if applicable |
-- |
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29. |
Last accounts filed at ROC |
-- |
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30. |
Major Shareholders, is available |
-- |
WEB DETAILS
Profile
They are an ISO 9001:2008 accredited company and also have different
certifications like Water Quality Association (USA), Indian Water Works
Association (
Mr. Vakkachan Chirayath is the MD, co-ordinating the affairs of the
company. Various heads of department like Manufacturing, R and D, Marketing,
Accounts, General Administration etc., directly report to the MD. They have
highly technical and professional personnel in their company.
The company functions from their modern office and the manufacturing Plant
situate at a spacious location in Mumbai Suburb. All Units are manufactured in
their Plant. They import critical components like UV Lamp, Teflon Tube,
Ballast, Quartz Sleeve etc. The company manufactures UV System from a very
small flow rate of 100 LPH onwards.
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
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Indian Rupees |
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US Dollar |
1 |
Rs.50.33 |
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|
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.31 |
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.