|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL PROCESS ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A29 / 1 /10, IDA Nacharam, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.03.2007 |
|
|
|
|
Com. Reg. No.: |
01-053228 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 6.356
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110AP2007PTC053228 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of process equipment, starch, glucose, plants and
machinery. |
|
|
|
|
No. of Employees
: |
30 (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 30000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. Trade relations are fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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. Habeeb |
|
Designation : |
Director |
|
Contact No.: |
91-9849052100 |
|
Date : |
09.05.2012 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. A29 / 1 /10, IDA Nacharam, |
|
Tel. No.: |
91-40-27172573 |
|
Mobile No.: |
91-9849052100 (Mr. Habeeb) |
|
Fax No.: |
91-40-27179701 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
Plot A28 / 1 /10, I.D.A. Nacharam, |
|
Tel No : |
91-40-27172573 |
|
Fax No : |
91-40-27179701 |
DIRECTORS
As on 12.09.2011
|
Name : |
Mr. Syed Ismail |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bownpally, |
|
Date of Birth : |
11.07.1950 |
|
Qualification : |
Mech. |
|
22.03.2007 |
|
|
DIN No : |
00732072 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24110AP2007PTC053228 |
UNIVERSAL
PROCESS ENGINEERS PRIVATE LIMITED |
Managing
director |
01-08-07 |
22-03-07 |
Active |
NO |
|
2 |
U15122AP2011PTC074190 |
TAJIS AGROTECH
PRIVATE LIMITED |
Managing
director |
30-04-11 |
30-04-11 |
Active |
NO |
|
Name : |
Mr. Syed Osman |
|
Designation : |
Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, |
|
Date of Birth: |
03.04.1975 |
|
Qualification : |
BE. Mech |
|
Date of Appointment : |
22.03.2007 |
|
DIN No : |
00732139 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24110AP2007PTC053228 |
UNIVERSAL
PROCESS ENGINEERS PRIVATE LIMITED |
Director |
22-03-07 |
22-03-07 |
Active |
NO |
|
2 |
U15122AP2011PTC074190 |
TAJIS AGROTECH
PRIVATE LIMITED |
Director |
30-04-11 |
30-04-11 |
Active |
NO |
|
Name : |
Mr. Syed Habeeb |
|
Designation : |
Director |
|
Address : |
Plot No. 31, Sanchar Puri Colony, Phase II, New Bowenpally, |
|
Date of Birth : |
01.08.1976 |
|
Qualification : |
BE. Chemical |
|
Date of Appointment : |
22.03.2007 |
|
DIN No : |
00732206 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24110AP2007PTC053228 |
UNIVERSAL
PROCESS ENGINEERS PRIVATE LIMITED |
Director |
22-03-07 |
22-03-07 |
Active |
NO |
|
2 |
U15122AP2011PTC074190 |
TAJIS AGROTECH
PRIVATE LIMITED |
Director |
30-04-11 |
30-04-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Syed Ismail |
|
631560 |
|
Syed Habeeb |
|
2000 |
|
Syed Osman |
|
2000 |
|
Total |
|
635560 |
As on 12.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of process equipment, starch, glucose, plants and
machinery. |
|
|
|
|
Product: |
|
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days and 60 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days and 60 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Yogeshwar Metals ·
Lakhmi Ganapathi Enterprises ·
Ganesh Traders ·
Whirler Centrifugal
Privalte
Limited ·
GS Engineer ·
Wooden Wagon ·
Annapurna Industries Limited ·
Srinavasa Enterprises ·
Auto Traders
|
||||||||||||
|
|
|
||||||||||||
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
State Bank of |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Sesha Prasad and Company Chartered Accountants |
|
Address : |
Flat No. 203, 3rd Floor, |
|
Tel. No.: |
91-40-27540181/27540182 |
|
Fax No.: |
91-40-27540183 |
|
Pan No.: |
AALFS8411L |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
635560 |
Equity Shares |
Rs. 10/- each |
Rs. 6.356
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.356 |
6.356 |
6.356 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.936 |
0.719 |
0.234 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.292 |
7.075 |
6.590 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.471 |
0.489 |
3.758 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.471 |
0.489 |
3.758 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.763 |
7.564 |
10.348 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.838 |
4.174 |
4.218 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.112 |
0.124 |
0.128 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.183
|
5.169
|
13.575 |
|
|
Sundry Debtors |
2.254
|
4.054
|
1.435 |
|
|
Cash & Bank Balances |
1.320
|
0.372
|
0.331 |
|
|
Other Current Assets |
0.484
|
0.766
|
0.604 |
|
|
Loans & Advances |
0.858
|
1.018
|
1.217 |
|
Total
Current Assets |
17.099
|
11.379 |
17.162 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
4.836
|
5.823
|
8.282 |
|
|
Other Current Liabilities |
9.361
|
2.027
|
2.639 |
|
|
Provisions |
0.089
|
0.263
|
0.239 |
|
Total
Current Liabilities |
14.286
|
8.113
|
11.160 |
|
|
Net Current Assets |
2.812
|
3.266
|
6.002 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.763 |
7.564 |
10.348 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18.623 (Due to Less
order) |
42.480 |
26.609 |
|
|
|
Other Income |
0.040 |
0.315 |
0.103 |
|
|
|
TOTAL (A) |
18.663 |
42.795 |
26.712 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
12.748 |
36.056 |
20.724 |
|
|
|
Administrative Expenses |
4.515 |
4.880 |
4.174 |
|
|
|
TOTAL (B) |
17.263 |
40.936 |
24.898 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.400 |
1.859 |
1.814 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.224 |
0.269 |
0.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.176 |
1.590 |
1.310 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.858 |
0.838 |
1.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.318 |
0.752 |
0.302 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.101 |
0.268 |
0.168 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.217 |
0.484 |
0.135 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.647 |
0.211 |
0.089 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.022 |
0.048 |
0.014 |
|
|
BALANCE CARRIED
TO THE B/S |
0.842 |
0.647 |
0.211 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earning |
0.011 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.011 |
0.000 |
0.000 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
50.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs. 80.000 Millions
The above information has been parted by Mr. Habeeb.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.16
|
1.13
|
0.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.71
|
1.77
|
1.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.44
|
4.80
|
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.11
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.02
|
1.22
|
2.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.40
|
1.53 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----------- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
Yes |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
------------ |
|
Litigations that the firm/ Promoters Involved in |
----------- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
--------- |
|
Buyer visit details |
--------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
Company Performance:
During the year the company has performed well and recorded a turnover of
Rs. 18.664 Millions including other income of Rs. 0.040 Million with a net
Profit of Rs. 0.318 Million before Income Tax.
FIXED ASSETS:
AS PER WEB DETAILS
PROFILE
Established in the year 1989, Subject has experienced accelerated development and has carved a niche in the national as well as international markets. The judicious management of its CEO Mr. Syed Ismail has been the harbinger of the company’s immense growth and success from the time of its inception.
Infrastructure
The company has a state-of-the-art infrastructural set-up at its unit. It is well equipped with highly advanced and innovative machinery that is essential in the production of their products like coarse grinder. Moreover their advanced facilities also assist us in manufacturing of cost effective products.
Quality Assurance
In terms of quality, they have ascertained standards that are insurmountable. They make their products available with a guarantee of unmatched quality and effective performance. Therefore, their products have to go through numerous quality checks to comply with their stringent measures for quality control policy.
Network
In keeping with their customer focused approach; they have established a huge
clientele base. Their extended business has its base in the international
markets like Asia, Europe and
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. 54.68 |
|
|
1 |
Rs. 86.52 |
|
Euro |
1 |
Rs. 69.85 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
No |
|
--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.