MIRA INFORM REPORT
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Report No. : |
330927 |
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Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
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Name : |
TRANSALT |
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Registered
Office : |
Home 5 A, Vrundavan Bunglows, Near Mathura Nagri,
Tandalja, Baroda – 390020, Gujarat |
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Mobile No.: |
91-9824023185 (Mr. Shrenik Hiralal Shah) |
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Country : |
India |
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Financials (as
on) : |
-- |
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Date of
Establishment : |
06.03.2012 |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
3415002012 |
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TIN No.: |
24191605395 |
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PAN No.: [Permanent Account No.] |
APNPS0058Q |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Manufacturer of Salt and Refineries and also Turnkey Projects. |
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No. of Employees
: |
15 (3 in Office and 12 in Factory) (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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the concern was incorporated on 6th March 2012.
But the concern has started its business activities from April 2015. Mr. Shrenik H. Shah (Proprietor) has provided us with all information.
Further he also provided us with Unaudited financial for the period 1st
April 2015 to 30th June 2015. Trade relations are improving. Business is active. Payment terms are
unknown. The concern 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
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 |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Shrenik Hiralal Shah |
|
Designation : |
Proprietor |
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Contact No.: |
91-9824023185 |
|
Date : |
18.07.2015 |
LOCATIONS
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Registered Office : |
Home
5 A, Vrundavan Bunglows, Near Mathura Nagri, Tandalja, Baroda – 390020,
Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9824023185 (Mr. Shrenik Hiralal Shah) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
11000 Sq. ft. |
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Location : |
Owned |
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Factory : |
147/A, GIDC, Makarpura, Baroda - 390010, Gujarat, India |
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Area : |
10000 Sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Shrenik Hiralal Shah |
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Designation : |
Proprietor |
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Address : |
5A Vrundavan Bunglows, Near Mathura Nagri, Tandalja, Baroda – 390020, Gujarat, India |
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Date of Birth/Age : |
21.08.1956 |
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Qualification : |
B. E Mechanical |
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Experience : |
35 Years |
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PAN No.: |
APNPS0058Q |
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Passport No.: |
G0009409 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Salt and Refineries and also Turnkey Projects. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
-- |
DETAILS OF ITEMS
TO BE MANUFACTURED
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Sr. No. |
Items
Manufactured |
Capacity Per Annum |
Initial date of production/ commencement of
service |
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1 |
Engineering Levels, Incubators, Dryer Mill, Conveyer, Elevator
Equipments, Tanks, etc. |
Rs. 50.000
Million |
30.04.2015 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
15 (3 in Office and 12 in Factory) (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Auditors : |
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Name : |
Mr. Kamlesh J Shah Chartered Accountant |
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Address : |
301, Akshar Apartments, Opposite Rosary School, Pratapgunj, Baroda – 390002, Gujarat, India |
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Mobile No.: |
91-9409029300 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
·
Gujarat Technical Cell Private Limited C1B/147
GIDC Makarpura, Vadodara, Gujarat, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
-- |
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Borrowed : |
-- |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Million]
NOT DIVULGED
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
Yes |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
Yes |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
Yes |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
Yes |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
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COMPUTATION OF TOTAL INCOME
MR. SHRENIK HIRALAL SHAH
(RS. IN MILLION)
|
PARTICULARS |
31.03.2013 |
||
|
Income Heads |
Income before
set off |
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Income after set
off |
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|
|
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Income from Salary |
0.360 |
|
0.360 |
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Income from House Property |
0.016 |
|
0.016 |
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Income from Other Sources |
0.000 |
|
0.000 |
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------------ |
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Gross Total Income |
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|
0.376 |
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|
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Less: Deduction under Chapter VIA |
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|
0.110 |
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------------ |
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Total Income |
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|
0.266 |
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|
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Rounding off u/s 288A |
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|
0.266 |
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|
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Income Taxable at Normal Rate |
|
0.266 |
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Income Taxable at Special Rate |
|
0.000 |
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TAX CALCULATION |
|||
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Basic Exemption Limit |
0.200 |
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Tax at Normal Rates |
0.007 |
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Total Tax |
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|
0.007 |
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Add: Education Cess |
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|
0.000 |
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------------ |
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Total |
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|
0.007 |
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Add: Secondary and Higher Education Cess |
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|
0.000 |
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------------ |
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Total |
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|
0.007 |
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Add: Interest u/s 234A 408 [6M]+0[6M] |
|
|
0.000 |
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Less: Tax Deposited u/s 140A |
|
|
0.007 |
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------------ |
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Amount Payable |
|
|
0.000 |
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TRANSALT
UNAUDITED BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
|
01.04.2015 to
30.06.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Capital Account |
|
|
0.265 |
|
|
2] Share Application Money |
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|
0.000 |
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3] Profit and Loss Account |
|
|
0.009 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.274 |
|
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LOAN FUNDS |
|
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1] Secured Loans |
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|
0.000 |
|
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2] Unsecured Loans |
|
|
4.835 |
|
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TOTAL BORROWING |
|
|
4.835 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
5.109 |
|
|
|
|
|
|
|
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APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
|
|
0.133 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.068 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.258 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
4.650 |
|
Total
Current Assets |
|
|
4.976 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
4.976 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.109 |
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. SHRENIK HIRALAL SHAH
(RS. IN MILLION)
|
LIABILITIES |
01.04.2015 to
30.06.2015 |
ASSETS |
01.04.2015 to
30.06.2015 |
|
|
|
|
|
|
Capital Account |
|
Fixed Assets |
|
|
Mr. Shrenik Hiralal Shah |
15.725 |
Resident at Vrundavan (Joint with Mrs. Megha
Shah) |
8.500 |
|
|
|
Car |
0.455 |
|
|
|
Two Wheeler |
0.035 |
|
Housing Loans |
2.125 |
|
|
|
|
|
Investments |
|
|
|
|
Investment in Transalt |
0.305 |
|
|
|
Investment in Gold and Ornaments |
0.007 |
|
|
|
Shares in GTCPL |
1.400 |
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
Loan to GTCPL |
7.098 |
|
|
|
Cash in Hand |
0.050 |
|
|
|
Bank Balance |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Total |
17.850 |
Total |
17.850 |
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COMPANY PROFILE
TRANSALT
is a proprietary concern whose proprietor, Mr. Shrenik H Shah is also the
Managing Director of Gujarat Technical Cell Private Limited. With the advent of
exports requiring more than just supply, as a proprietor, Mr. Shrenik H Shah
can now participate in the erection, commissioning and plant operation for long
periods at a local level in the country where installed.
Gujarat
Technical Cell Private Limited has acknowledged expertise of more than 30 years
in the field of powder processing. Shown on the earlier page is their latest 70
TPH dryer on its way to the new site. They have established a reputation with
well-designed products and end-to-end turnkey solutions involving design,
development, manufacturing, installation and commissioning.
Their
team of engineers and technicians has successfully met stringent requirements
with an impressive track record of cost-effective, energy saving and low
maintenance installations that deliver quick payback on investment.
Their
equipment manufacturing unit and supply chain infrastructure is located at
Vadodara in Western India. They have identified and developed core competence
in their ancillary vendors to ensure high quality and high reliability in every
aspect of their scope of supply.
SALT
REFINERIES
Their
(free flow) salt refineries are currently installed and operational at 28
locations in 7 countries, with capacities ranging from 25 MT to 1500 MT per
day.
Their
plants are robustly engineered with great attention to detail, and local
conditions are factored into the design, whether it is climate or the
availability of trained operating and maintenance personnel. They handle a
diverse range of sizes and powder characteristics, from large size lumps and
agglomerates down to crystalline and amorphous fines.
BRIEF
PROCESS DESCRIPTION
The
proposed salt refinery comprises four processing stages:
·
A Salt Washing stage that delivers washed salt
containing 40% solids after removal of impurities.
·
A Salt centrifuging stage that delivers washed salt
containing 95% solids of the committed quality specification, suitable for
further processing in a fluidized drying plant.
·
A Dry Salt stage that delivers dry salt of the
required dryness with agglomerates to the next section on the process.
·
A Sizing and packing stage that delivers dried
product to the sizing section for getting an uniform size to forward to
finished goods silo and for addition of free flow agent packing.
SALT
WASHING STAGE
·
Receiving Hopper with Vibratory Mechanism: Raw salt
lumps 150 mm size are typically received from dump trucks by the feed hopper. A
grill below having 50mm aperture holds back larger lumps which are manually
broken down here. The hopper outlets are fitted with grizzly feeders powered by
vibratory motors, or by electromagnetic vibrators which feed the raw salt of a
size less than 50mm at rates up to 7.5 TPH. Spring isolators help to maintain
the feed trays in floating position.
·
Inclined flat belt conveyor will carry the salt out
and deposit to the screw washery.
·
Inclined Screw washery will prewash the raw salt
with a brine spray after submerged rinse in the earlier section at level below
overflow.
·
Primary Wet Mill / Hammer Mill: The primary Wet
Mill uses motor-driven hammers rotating within a liner to progressively reduce
wet raw salt lumps to an average size of 5-6 mm, opening up the mass for
subsequent segregation and removal of contaminants. It is mounted below the
discharge of the screw washery.
·
Rough Wash receiver tank: Washed salt slurry from
the primary Wet Mill is collected in this receiver tank with a provision to add
more brine and carry out by pump to the elutriation tank.
·
Elutriation Tank: Incoming salt particles from the
wet mill are washed with a calibrated quantity of brine or slurry. All wash
brine is discharged through an overflow chute.
·
Slurry Pump: Washed salt slurry from the
elutriation containing 40% solids content is transferred to the next stage
through specially designed slurry pumps.
·
Final Wash Tank: Washed salt slurry from the elutriation
tank is diluted to 40% solids and fed into specially designed agitated washing
tanks for further removal of contaminants. The spent wash brine is drawn out
through an overflow chute. This tank has an agitator to maintain suspension of
the salt particles within the tank.
·
Washed slurry is maintained at 40% solids content
and transferred to the static thickener through slurry pumps.
·
Static Thickener: The washed salt slurry containing
40% solids is concentrated to a level of 80% solids using a static decantation
process, with excess brine being drawn out through an overflow chute.
SALT
CENTRIFUGING STAGE
·
Pusher Centrifuge: The washed and concentrated salt
slurry containing 80% solids is continuously fed into a pusher centrifuge that ejects
liquid brine to increase solids content to 96%.
·
Screw conveyor will carry out the centrifuged
product for addition of iodine before transfer into the dryer inlet.
·
Iodine Tank Stirrer and Pump: A Potassium Iodide /
Potassium Iodide solution tank is mounted adjacent to the flat belt conveyor
and is equipped with spray nozzles to iodize the wet salt cake moving on the
conveyor.
SALT
DRYING STAGE
·
Fluidized Bed Dryer: The iodized wet cake is
charged into a continuous fluidized bed dryer through an inlet chute that
regulates feed rate. The fluidized bed dryer is a self contained unit typically
uses a combination of hot air and cold air from a single blower for first
drying the salt from an initial moisture content of 4% to a final moisture
content of 0.05% and then cooling it to a temperature suitable for onward
processing and consequent packing. Hot air is generated using a specially
designed heat exchanger, and the cold air is normally drawn at ambient
temperatures. A separate exhaust blower helps to regulate and maintain
stability of the fluidized bed within the dryer. The screen bed is unique from
all other international designs and versatile over a broad variety salt
granulometry and airflow rates.
·
Cyclone Separator and Airlock Valve: The cyclone separator
helps to trap dry salt particles that are carried along with air discharged
from the fluidized bed dryer. A rotary airlock valve mounted at the bottom of
the cyclone separator enables continuous discharge of dry salt without
interrupting dryer operation.
·
All ductwork for an export order will be fabricated
from SS304 sheets 2mm thick.
·
The exhaust blower maintains a lower pressure
within the dryer so as to ensure that the there will be no dusting within the
immediate dryer area.
·
Wet Scrubber: Any residual salt particles escaping
from the blower are trapped by a water spray installed inside a specially
designed post wet scrubber. Scrubbed and salt-free air is finally led out to
the atmosphere.
SALT
SIZING AND PACKING STAGE
·
Bucket Elevator: Dry salt discharged by the dryer
is collected and transferred to the threshold of the next stage of the process.
·
Vibro-Screen Separators: Two Vibro-screen
separators is installed to separate coarse particles and oversize lumps from
acceptable product and removal of fines.
·
Final Product Storage Silo: Correctly sized dry
salt final product from vibroscreen separators is collected for intermediate
storage in a final product storage silo.
·
Pin-mill: Oversize lumps and agglomerates are crushed
and reduced to an acceptable size in a specially designed pin-mill, and then
transferred back to the discharge end of the dryer.
·
Final product Screw Conveyor cum blender: This
conveyer collects the product from the silo and forwards to the packing
machines after addition of silica as anti-caking agent.
VARIOUS
UTILITIES
·
Brine Pump: Concentrated spent brine from the wet
mill, elutriation tank, washing tank, screw washery, static thickener and
pusher centrifuge is collected and transferred to the settling pond. Brine from
the settling pond is recycled and reused in the process as required.
·
Thermic fluid heater and chimney along with the
lines to and from here to the heat exchanger as well as the expansion tank, all
form part of the energy conversion to dry the salt. Solid, liquid or gaseous
fuel are burnt to release heat energy required to evaporate the moisture from
the salt.
·
Electrical control panel along with a diesel
generator and change-over switch form the control centre from where the input
cables bring in energy from the grid and output cables connect to all the
various motors.
·
Air Compressor with air receiver and storage tank,
moisture removal and distribution lines to the various packing machines as well
as other locations.
·
Brine and water treatment stations for improving
the quality of water or brine after removal of various contaminants carried
over. These include concentrators, de-flocculation tanks, filtration equipment,
and settling ponds.
CUSTOMER’S
SCOPE OF SUPPLY
The
customer will provide the following items to the enable the vendor to supply,
install and commission the plant.
·
Main plant
building comprising covered industrial shed with level concrete floor as
specified by vendor’s layout drawings and minimum clear margin of 3 meters on
all external sides.
·
Settling Pond as
specified by vendor’s layout drawings.
·
Electrical Power
supply up to point indicated on vendor’s layout drawings.
·
Fresh water
supply at the rate of 150 liters per ton up to point indicated on vendor’s
layout drawing.
·
Light diesel oil
at the rate of 10 liter per ton up to point indicated on vendor’s layout
drawings. Alternative fuel systems are also offered such as coal, firewood,
briquettes, saw dust for solid fuel and LPG or CNG for gaseous fuel.
·
Raw salt supply
at the rate of 120% Tons per Ton unto point indicated on vendor’s layout
drawings.
·
Supply of
various utilities such as Iodine, Silica, Packing material as required.
·
Lifting Tools,
Tackles and manpower for erection of plant.
·
Equipment foundations
as required by vendor’s foundation drawings.
·
Equipment and
cable supports as required by vendor’s layout drawings.
·
Electrical
cabling and connection as required by vendor’s layout drawings.
·
Welding and
cutting equipment as required by vendor.
· All other major / minor items not specified in vendor’s scope of supply.
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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. 63.49 |
|
|
1 |
Rs. 99.43 |
|
Euro |
1 |
Rs. 69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
RAS |
|
|
|
|
Analysis Done by
: |
PPT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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
|
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.