|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
JIANGYIN UNI-POL VACUUM CASTING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 203,
Chitrashala Building, 562, Sadashiv Peth, Pune – 411030, Maharashtra |
|
|
|
|
Country : |
India |
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|
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|
Date of
Incorporation : |
03.12.2009 |
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|
|
|
Com. Reg. No.: |
11-135107 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 2.073 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113PN2009PTC135107 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
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|
|
Line of Business
: |
Manufacturer of all kinds of Metal and Metal Products, Vacuum
Castings, Vacuum Cast Turbine Wheel Parts, Turbo Castings and its
bye-products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a company having a moderate track record. The management has not filed its financial with the government department
since its incorporation. Mr. Dhaval Kulkarni from the Accounts Department has provided few
general information but denied to disclose any other detail. He confirmed that the business is active and also confirmed the
factory address and registered address. Payment terms 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Dhaval Kulkarni |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9766131525 |
|
Date : |
27.02.2013 |
LOCATIONS
|
Registered Office : |
Flat No. 203, Chitrashala
Building, 562, Sadashiv Peth, Pune – 411030, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9766131525 [Mr. Dhaval Kulkarni] |
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Fax No.: |
Not Available |
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E-Mail : |
|
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Location : |
Rented |
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|
|
|
Factory : |
Gat No. 55/2, Pimple Jagtap, Chakan-Shikrapur Road, Tal-Shirur, Pune –
412208, Maharas4htra, India |
|
Tel. No.: |
91-2137-617901 |
DIRECTORS
|
Name : |
Mr. Vinayak Sadashiv Khanvalkar |
|
Designation : |
Additional director |
|
Address : |
62/1, Apoorwai, Erandavana, Tarte Colony, Karve Road, Pune - 411004,
Maharashtra India |
|
Date of Birth/Age : |
21.01.1961 |
|
Date of Appointment : |
11.10.2010 |
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DIN No.: |
00001388 |
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|
|
|
Name : |
Mr. Gautam Suresh Patil |
|
Designation : |
Director |
|
Address : |
704 , A. J. Avenue , S. No. 5A, Opposite Suvarna Ratna , Karve Nagar,
Pune - 411052, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1976 |
|
Date of Appointment : |
03.12.2009 |
|
Date of Cessing : |
05.11.2010 |
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DIN No.: |
01902373 |
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|
|
|
Name : |
Mr. Pramod Pratap Gharge |
|
Designation : |
Director |
|
Address : |
Kalpak, 8/A, Near Chinmay Apartment, Bijleenagar, Chinchwad Pune –
411033, Maharashtra, India |
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Date of Birth/Age : |
25.04.1981 |
|
Date of Appointment : |
03.12.2009 |
|
Date of Cessing : |
15.04.2010 |
|
DIN No.: |
01769605 |
KEY EXECUTIVES
|
Name : |
Mr. Dhaval Kulkarni |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.10.2010
|
Names of Allottees |
|
No. of Shares |
|
Jiangyin Uni-Pol Company Limited, China |
|
1713 |
|
Total |
|
1713 |
AS ON 14.04.2011
|
Names of Allottees |
|
No. of Shares |
|
Jiangyin Uni-Pol Company Limited, China |
|
87178 |
|
Total |
|
87178 |
AS ON 22.10.2010
|
Names of Allottees |
|
No. of Shares |
|
Jiangyin Uni-Pol Company Limited, China |
|
108366 |
|
Total |
|
108366 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kinds of Metal and Metal Products, Vacuum
Castings, Vacuum Cast Turbine Wheel Parts, Turbo Castings and its
bye-products. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Ř Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai – 400021,
Maharashtra, India Ř Sharad Sahakari
Bank Limited, Marketyard, Manchar, Taluka Ambegaon, District Pune – 410503,
Manchar, Maharashtra, India |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital : Rs.
3.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 2.073 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note: The registered address
of the company has been shifted from G-1, Phoenix, Bund Garden Road, Opposite
Residency Club, Pune – 411001, Maharashtra, India to the present
w.e.f.07.05.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28113PN2009PTC135107 |
|
Name of the
company |
JIANGYIN UNI-POL
VACUUM CASTING INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 203, Chitrashala
Building, 562, Sadashiv Peth, Pune – 411030, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Others [Current Assets and Moveable Fixed Assets] |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman
Point, Mumbai – 400021, Maharashtra, India Email: john.fernandes@kotak.com
CIN No.: L65110MH1985PLC038137 |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation. |
|
Date of
instrument Creating the charge |
15.05.2012 |
|
Amount secured by
the charge |
Rs. 90.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC - Floating
over the tenure of the facility. Terms of Repayment As may be specified
by the bank from time to time. Margin FBP/FBN/FBD -
10%. Extent and Operation of the charge First charge by
way of Hypothecation of Current assets present and future and Movable Fixed
assets excluding machinery charged to Sharad Sahakari bank, in favour of
Kotak Mahindra bank as security for repayment of financial facilities granted
by the Bank to the Borrower. |
|
Short particulars
of the property charged |
Charge on Current
assets present and future and Movable Fixed assets excluding machinery
charged to Sharad Sahakari bank, as described in Schedule to the Deed of
Hypothecation. |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 53.77 |
|
|
1 |
Rs. 81.57 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.