|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNISON INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
403, White Cross, 15 Patel Society, Gulbai Tekra Road, Panchvati,
Ahmedabad-380006, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.09.2007 |
|
|
|
|
Com. Reg. No.: |
04-051763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100GJ2007PLC051763 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMU01185C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bicycle Parts |
|
|
|
|
No. of Employees
: |
Not Available |
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 370000 |
|
|
|
|
Status : |
Yet to Commence Business Activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in the year 2007. It has not
yet started its business activity. As per the of 2012, the net worth of the company seems to be good. Payment terms 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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
403, White Cross, 15 Patel Society, Gulbai Tekra Road, Panchvati,
Ahmedabad-380006, Gujarat, India |
|
Tel. No.: |
91-79-26467511 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
658, Industrial Area B, Ludhiana-141003, Punjab, India |
|
Tel. No.: |
91-161-2531723 |
DIRECTORS
AS ON 14.08.2012
|
Name : |
Mr. Lalitbhai Kantibahi Patel |
|
Designation : |
Director |
|
Address : |
31, Park Hill, Near Narmada Vasahat, Opposite Karnavati Club,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
15.02.1967 |
|
Date of Appointment : |
25.08.2008 |
|
DIN No.: |
00011773 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29199GJ1993PLC019013 |
MEGHMANI
INDUSTRIES LIMITED |
Director |
22-02-93 |
22-02-93 |
Active |
NO |
|
2 |
U24110GJ1999PLC036306 |
MEGHMANI
DYES AND INTERMEDIATES LIMITED |
Director |
21-07-99 |
21-07-99 |
Active |
NO |
|
3 |
U40105GJ2006PLC048974 |
MEGHMANI
ENERGY LIMITED |
Director |
29-08-06 |
29-08-06 |
Active |
NO |
|
4 |
U24100GJ2007PLC051935 |
MEGHMANI
SPECIALTY CHEMICALS LIMITED |
Director |
10-10-07 |
10-10-07 |
Active |
NO |
|
5 |
U24231GJ1993PTC020229 |
SYNERGY
CHLORINATION PRIVATE LIMITED |
Director |
27-10-07 |
27-10-07 |
Active |
NO |
|
6 |
U24100GJ2007PLC051763 |
UNISON
INDUSTRIES LIMITED |
Director |
22-09-08 |
25-08-08 |
Active |
NO |
|
7 |
U67120GJ2009PTC058361 |
ALB
STOCK BROKING PRIVATE LIMITED |
Director |
15-10-09 |
15-10-09 |
Active |
NO |
|
8 |
U24100GJ2012PTC068727 |
UNIWORTH
ENTERPRISES PRIVATE LIMITED |
Director |
23-01-12 |
23-01-12 |
Converted
to LLP |
NO |
|
9 |
AAA-6362 |
NAVRATAN
SPECIALTY CHEMICALS LLP |
Designated
Partner |
23-09-11 |
23-09-11 |
Active |
NO |
|
10 |
AAB-4707 |
UNIWORTH
ENTERPRISES LLP |
Designated
Partner |
18-04-13 |
18-04-13 |
Active |
NO |
|
Name : |
Mr. Praful Ganpatbhai Patel |
|
Designation : |
Director |
|
Address : |
27-B, Raghukul Bunglows Tulsi, Park Sciety, Near Sola Overbridge,
Thaltej, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
01.06.1974 |
|
Date of Appointment : |
18.09.2007 |
|
DIN No.: |
01685465 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01110AP2001PTC036922 |
MEGHMANI
AGRODYNE PRIVATE LIMITED |
Director |
01-09-02 |
01-09-02 |
Active |
NO |
|
2 |
U24100GJ2007PLC051763 |
UNISON
INDUSTRIES LIMITED |
Director |
18-09-07 |
18-09-07 |
Active |
NO |
|
3 |
U24100GJ2007PLC051935 |
MEGHMANI
SPECIALTY CHEMICALS LIMITED |
Director |
10-10-07 |
10-10-07 |
Active |
NO |
|
4 |
U24231GJ1993PTC020229 |
SYNERGY
CHLORINATION PRIVATE LIMITED |
Director |
31-03-08 |
31-03-08 |
Active |
NO |
|
Name : |
Karana Rameshbhai Patel |
|
Designation : |
Director |
|
Address : |
No.54, Shreenath Park Society, Behind Avishkar Party, Plot Manekbaug,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
26.08.1981 |
|
Date of Appointment : |
25.08.2008 |
|
DIN No.: |
01727321 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24100GJ2007PLC051935 |
MEGHMANI
SPECIALTY CHEMICALS LIMITED |
Director |
10-10-07 |
10-10-07 |
- |
Active |
NO |
|
2 |
U24100GJ2008PLC054564 |
MEGHMANI
CHEMTECH LIMITED |
Director |
23-07-08 |
23-07-08 |
18-03-11 |
Active |
NO |
|
3 |
U24100GJ2008PLC054660 |
VIDHI
GLOBAL CHEMICALS LIMITED |
Director |
31-07-08 |
31-07-08 |
01-06-11 |
Active |
NO |
|
4 |
U24100GJ2007PLC051763 |
UNISON
INDUSTRIES LIMITED |
Director |
22-09-08 |
25-08-08 |
- |
Active |
NO |
|
5 |
U24100GJ2012PTC068727 |
UNIWORTH
ENTERPRISES PRIVATE LIMITED |
Director |
23-01-12 |
23-01-12 |
- |
Converted
to LLP |
NO |
|
6 |
AAA-6362 |
NAVRATAN
SPECIALTY CHEMICALS LLP |
Designated
Partner |
23-09-11 |
23-09-11 |
- |
Active |
NO |
|
7 |
AAB-4707 |
UNIWORTH
ENTERPRISES LLP |
Designated
Partner |
18-04-13 |
18-04-13 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.08.2012
|
Names of Shareholders |
No. of Shares |
|
Natwarlal Meghjibhai Patel |
585000 |
|
Lalitbhai Kantibahi Patel |
448500 |
|
Popatbhai M Patel |
234000 |
|
Praful Ganpatbhai Patel |
136500 |
|
Karana Rameshbhai Patel |
100 |
|
Anand Ishwerbhai Patel |
156000 |
|
Rameshbhai Meghjibhai Patel |
389900 |
|
TOTAL
|
1950000 |
AS ON 14.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bicycle Parts |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Balkrishna T Thakkar and Company Chartered Accountant |
|
Address : |
602, Saffron Building, Near Bank of Baroda, Ambawadi,
Ahmedabad-380006, Gujarat, India |
|
PAN No.: |
AAGPT9505M |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1950000 |
Equity Shares |
Rs.10/- each |
Rs. 19.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.500 |
19.500 |
19.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
73.988 |
73.594 |
72.699 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
93.488 |
93.094 |
92.199 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
93.488 |
93.094 |
92.199 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
57.390 |
57.990 |
58.590 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.476 |
3.992 |
23.044 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
4.387
|
1.740 |
0.705 |
|
|
Other Current Assets |
9.433
|
9.375 |
0.000 |
|
|
Loans & Advances |
21.805
|
20.000 |
8.947 |
|
Total
Current Assets |
35.625
|
31.115 |
9.652 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.003
|
0.003 |
0.003 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.003
|
0.003 |
0.003 |
|
|
Net Current Assets |
35.622
|
31.112 |
9.649 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.916 |
|
|
|
|
|
|
|
|
TOTAL |
93.488 |
93.094 |
92.199 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
2.312 |
2.105 |
0.050 |
|
|
|
Interest Income |
0.000 |
0.000 |
0.527 |
|
|
|
Dividend Income |
0.000 |
0.000 |
0.091 |
|
|
|
TOTAL |
2.312 |
2.105 |
0.668 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Emoluments |
0.036 |
0.000 |
0.000 |
|
|
|
Land Amortization |
0.600 |
0.600 |
0.458 |
|
|
|
Preliminary Expenditure Written Off |
0.229 |
0.229 |
0.229 |
|
|
|
Other Expenses |
0.890 |
0.006 |
0.029 |
|
|
|
TOTAL |
1.755 |
0.835 |
0.716 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.557 |
1.270 |
(0.048) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.163 |
0.375 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.394 |
0.895 |
(0.048) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.594 |
0.699 |
0.747 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.988 |
1.594 |
0.699 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.20 |
0.46 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
17.04
|
42.52 |
(7.19) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.60
|
1.43 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11875.00
|
10371.67 |
3217.33 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
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 |
FIXED ASSETS
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. 54.27 |
|
|
1 |
Rs. 84.23 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.