MIRA INFORM REPORT
|
Report
Date : |
22nd
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
SAHAJANAND
TECHNOLOGIES PRIVATE LIMITED |
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Formerly
Known As : |
Sahajanand Laser Technology Private Limited |
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Registered
Office : |
401/Gandhi Smruti Parsi Street Sayedpura, Surat – 395 003,
Gujarat, India. |
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Country
: |
India |
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Financials
(as on) : |
31.03.2005 |
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Date
of Incorporation : |
15.03.1993 |
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CIN
No.: |
U72900GJ1993PTC019133 |
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Com.
Reg. No.: |
04-19133 |
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IEC
No.: |
0893003638 |
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TAN
No.: (Tax
Deduction & Collection Account No.) |
SRTS00836D |
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PAN
No.: (Permanent
Account No.) |
AADCS4343N |
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Legal
Form : |
Private Limited Liability Company |
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Line
of Business : |
The company is engaged in Manufacturer, Supplier, Trader
and Exporter of Diamond cutting laser Machine, laser spot welding Machine,
card personalization laser systems, rapid prototyping Machine, laser
engraving Machine. |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum
Credit Limit : |
USD
1250000 |
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Status
: |
Satisfactory |
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Payment
Behaviour : |
Usually
Correct |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well-established and reputed company having
satisfactory track. Directors are reported as experienced, respectable and
resourceful industrialist. Their trade relations are fair. Profit margin is
under severe pressure. Payments are usually correct and as per commitments. The company can be considered good for normal business
dealings at usual trade terms and conditions. |
LOCATIONS
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Registered
Office : |
401/Gandhi Smruti Parsi Street Sayedpura, Surat – 395 003,
Gujarat, India. |
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Head
Office : |
Sahajanand House, Parsi Street, Saiyedpura, Surat – 395
003, Gujarat, India. |
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Tel.
No.: |
91-261-2451 451-58 |
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Fax
No.: |
91-261-2427947 |
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E-Mail
: |
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Website: |
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Area : |
1050 sq. Mtr. |
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Location : |
Owned |
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Corporate
Office : |
48-A, Arvind Estate, B/h. Indica Laboratory,
L.B.S. Road, Bapunagar, Ahmedabad - 380 025,Gujarat, India. |
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Tel.
No.: |
91-79-22200950, 22201247 |
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Fax
No.: |
91 - 79 - 22201456 |
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E-Mail
: |
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Factory
1 : |
Plot No. 33, 34, 35, 52, 53, & 54, Surat Special
Economics Zone, Sachin, Surat – 395 003, Gujarat, India. |
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Tel.
No.: |
91-261-2398463 |
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Fax
No.: |
91-261-2398331 |
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Area : |
6000 sq. Mtr. |
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Location : |
Owned |
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Factory
2 : |
Plot No. 168/7, Dabhel Industrial Cooperative Society
Limited, Village:- Dabhel, Daman (U. T.) |
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Tel.
No.: |
91-260-2240692 |
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Fax
No.: |
91-260-2240692 |
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Area : |
2425 sq. Mtr. |
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Location : |
Owned |
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Factory
: |
E-30, G. I. D. C., |
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Tel.
No.: |
91-79-23226877, |
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Fax
No.: |
91-79-23241465 |
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Factory : |
Unit - 137 & 138, Plot No : 256, |
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Tel.
No.: |
91 - 261 - 2398411 / 419 |
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Branch
: |
Surat :: Sahajanand
House, 5, Krishnakunj Soc, Opp. Sadhna School, Varachha Road, Surat, Gujarat,
India. |
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Tel.
No.: |
91-261-2568447 - 48 |
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Branch
: |
Mumbai: 8, Orchid plaza, R. T. Roas, B/h, Moviegem Theater,
Dahiser (East) Mumbai – 400 061 |
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Tel.
No.: |
91-22-55765408 |
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Branch
: |
Sahajanand Laser Technology Ltd |
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Tel.
No.: |
0044 (0)208 201 3881 |
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Fax
No.: |
0044 (0)208 201 3882 |
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E-Mail
: |
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Branch
: |
Sahajanand Laser Technology USA Inc. |
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Tel.
No.: |
001 972 790 7610 |
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Fax
No.: |
001 972 786 3135 |
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E-Mail
: |
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Branch
: |
524,
Sandhrust Bldg., 3rd Floor, Above Shree Krishna Hotel, Opp.
Tiwari Bros., Charni Road, Opera House, Mumbai – 4, INDIA |
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Tel.
No.: |
91-22-23890607, 23890608 |
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Fax
No.: |
91-22-23890609 |
DIRECTORS
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Name : |
Mr. Dhirajlal V. Kotadia |
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Designation
: |
Director |
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Address
: |
43, Narayanmuninagar Society, Nani Ved, Ved Road, Surat –
395 003, Gujarat, India. |
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Date
of Birth/Age : |
48 Years |
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Date
of Appointment: |
15/09/1994 |
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Name : |
Mr. Dhirajkumar S. Vasoya |
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Designation
: |
Director |
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Address
: |
‘Parishram’, 47, Narmad Nagar, Athwalines, Surat – 395
003, Gujarat, India. |
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Date
of Birth/Age : |
44 Years |
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Date
of Appointment: |
15/09/1994 |
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Name : |
Mr. Vallabhbhai N. Kotadia |
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Designation
: |
Director |
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Address
: |
43, Narayanmuninagar Society, Nani Ved, Ved Road, Surat –
395 003, Gujarat, India. |
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Date
of Birth/Age : |
69 Years |
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Date
of Appointment: |
10/07/2004 |
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Name : |
Mrs. V. H. Pandya |
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Designation
: |
Company Secretary |
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Address
: |
C/2/5, Kumbhnath Society, Maninagar, Ahmedabad - 8 |
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Date
of Appointment: |
01/05/2003 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
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Vallabhbhai
N. Kotadia |
22,50,000 |
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Shardaben
D. Kotadia |
19,99,500 |
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Dhirajlal
Vallabhbhai Kotadia |
250000 |
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Dhirajkumar
Savjibhai Vasoya |
500500 |
BUSINESS DETAILS
|
Line
of Business : |
The company is engaged in as Manufacturer, Supplier,
Trader and Exporter of Diamond cutting laser Machine, laser spot welding
Machine, card personalization laser systems, rapid prototyping Machine, laser
engraving Machine. |
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Products
: |
v Laser System for Diamond &
Material Processing v Diamond Planner M/c. v Diamond Polishing M/c. |
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Terms
: |
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Selling : |
Credit (60 Days) |
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Purchasing : |
Credit (30 – 60 Days) |
PRODUCTION STATUS
|
Particulars |
Installed Capacity |
Actual Production |
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Laser
Machines |
350 M/c. |
132 M/c. |
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Diamond
Planner M/c. |
500 M/c. |
36 M/c. |
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Diamond
Polishing M/c. |
100 M/c. |
90 M/c. |
GENERAL INFORMATION
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No. of
Employees : |
240 |
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Bankers
: |
Dena Bank , Industrial Finance Branch, Maker Tower ‘E;, 9th
Floor, Cuffe Parade, Mumbai – 400 005. |
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Facilities : |
Credit Limit: Rs. 70.000 Millions |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Surendra Shah & Associates |
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Address: |
4004, Trade House, Ring Road, Surat. |
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Tel.
No.: |
91-261-2353774 |
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E-Mail
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Sister
Concern : |
Sahajanand Medical Technologies Private Limited. |
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Address: |
304, Sahajanand House, Parsi Street, Saiyedpura, Surat –
395 003, Gujarat, India. |
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Line
of Business: |
Manufacturer of Cardiovascular medical stents |
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Sister
Concern : |
Sahajanand Biotech Private Limited |
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Address: |
Sahajanand House, Parsi Street, Saiyedpura, Surat – 395
003, Gujarat, India. |
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Line
of Business: |
Manufacturer of Herbal Medicines. |
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Group
Companies: |
v Sahajanand Vascular Technoventions
Private Limited v Nyalkaran Industries Private
Limited v SS Processors v SS International v Sahajanand Enterprises |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS
FUNDS |
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1] Share
Capital |
50.000 |
50.000 |
50.000 |
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2] Share
Application Money |
0.000 |
0.000 |
0.000 |
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3]
Reserves & Surplus |
280.949 |
322.272 |
277.700 |
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4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
330.949 |
372.272 |
327.700 |
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LOAN
FUNDS |
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1]
Secured Loans |
124.276 |
78.704 |
145.978 |
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2]
Unsecured Loans |
0.000 |
0.000 |
0.566 |
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TOTAL
BORROWING
|
124.276 |
78.704 |
146.544 |
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DEFERRED
TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL
|
455.225 |
450.976 |
474.244 |
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APPLICATION OF FUNDS
|
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FIXED ASSETS [Net Block]
|
62.429 |
41.995 |
33.951 |
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Capital work-in-progress
|
5.085 |
7.569 |
0.000 |
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INVESTMENT
|
2.865 |
0.020 |
0.000 |
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DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
|
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Inventories
|
150.577 |
182.892 |
164.502 |
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Sundry Debtors
|
123.731 |
148.619 |
229.770 |
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Cash & Bank Balances
|
0.543 |
20.806 |
12.650 |
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Other Current Assets
|
0.000 |
0.000 |
0.000 |
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Loans & Advances
|
132.208 |
87.517 |
69.770 |
Total Current Assets
|
407.059 |
439.834 |
476.692
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
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Current Liabilities
|
22.243 |
38.558 |
36.552 |
|
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Provisions
|
0.000 |
0.000 |
0.000 |
Total Current Liabilities
|
22.243 |
38.558 |
36.552
|
|
Net
Current Assets
|
384.816 |
401.276 |
440.140
|
|
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MISCELLANEOUS EXPENSES
|
0.030 |
0.116 |
0.153 |
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TOTAL
|
455.225 |
450.976 |
474.244 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
217.100 |
606.110 |
772.624 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
(41.323) |
60.617 |
170.605 |
Provision for Taxation
|
0.000 |
16.150 |
14.100 |
Profit/(Loss) After Tax
|
(41.323) |
44.467 |
156.505 |
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|
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Export Value
|
24.675 |
159.391 |
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|
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Total Expenditure
|
258.424 |
545.492 |
604.894 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
(19.03)
|
7.34 |
20.26 |
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|
Net Profit Margin
(PBT/Sales) |
(%) |
(19.03)
|
10.00 |
22.08 |
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|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
(8.66)
|
12.39 |
33.41 |
|
|
|
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|
Return on Investment (ROI)
(PBT/Networth) |
|
(0.12)
|
0.16 |
0.52 |
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|
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|
Debt Equity Ratio
(Total
Liability/Networth) |
|
0.44
|
0.31 |
0.56 |
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|
Current Ratio
(Current
Asset/Current Liability) |
|
18.30
|
11.41 |
13.04 |
LOCAL AGENCY FURTHER INFORMATION
|
Name of the company |
Sahajanand Technologies
Private Limited |
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Presented By |
Jointly Company & Chargeholder |
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1) Date and description of instrument creating the change |
No Instrument was executed. Charge created on 28.11.2002
by way of equitable mortage by deposit of title deeds. |
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2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 180.000 Millions |
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3) Short particular of the property charged. If the
property acquired is subject to charge, date of the acquired of the property
should be given |
Immovable properties of the company viz., Plot No. 168/7A
& 168/7, Dabhel Industrial Society, Daman. All the piece of immovable property known as plot No.
168/7A & 168/7 part consisting of land admeasuring 1225 & 1200
sq.mtrs.; respectively and construction of factory made thereon constituting
the land of survey No. 168 of Moje: village; Dabhel ; Situated at village;
Dabhel, Taluka : daman, sub district : & Districts : Daman, together with
buildings, Structures, erections, plant & machinery attached to the earth
or permanently fastened to anything attached to the earth, fixtures, fittings
now erected or here after to be erected thereon both present and future. |
||||||||
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4) Gist of the terms and conditions and extent and
operation of the charge. |
(1)
Security
to cover principal amount together with interest, costs, charges, expenses
etc. (2)
Details
of credit facilities:
With in overall limit of Rs. 180.000 Millions |
||||||||
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5) Name and Address and description of the person entitled
to the charge. |
Dena Bank, 9th Floor, Maker Tower ‘E;, Cuffe
Parade, Mumbai – 400 005. |
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6) Date and brief
description of instrument modifying the charge |
No instrument was executed. Charge created on 27/06/2003
by way of equitable mortgage by deposit of title deeds. |
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7) Particulars of modifications specifying the terms and
conditions or the extent of operations of the charge in which modification is
made and the details of the modification. |
Additional Security provided of the following immovable
properties viz.
Together with
the land, building, structures, erections, plant and machinery attached to
the earth or permanently fastened to anything attached to earth, fixtures,
fittings now erected or hereafter to be erected thereon both present and
future. |
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Name of the company |
Sahajanand Technologies
Private Limited |
||||||||
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Presented By |
Jointly Company & Chargeholder |
||||||||
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1) Date and description of instrument creating the change |
No Instrument was executed. Charge created on 28.11.2002
by way of equitable mortgage by deposit of title deeds. |
||||||||
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2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 180.000 Millions |
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3) Short particular of the property charged. If the
property acquired is subject to charge, date of the acquired of the property
should be given |
Immovable properties of the company viz., Plot No. 168/7A
& 168/7, Dabhel Industrial Society, Daman. All the piece of immovable property known as plot No.
168/7A & 168/7 part consisting of land admeasuring 1225 & 1200
sq.mtrs.; respectively and construction of factory made thereon constituting
the land of survey No. 168 of Moje: village; Dabhel ; Situated at village;
Dabhel, Taluka : daman, sub district : & Districts : Daman, together with
buildings, Structures, erections, plant & machinery attached to the earth
or permanently fastened to anything attached to the earth, fixtures, fittings
now erected or here after to be erected thereon both present and future. |
||||||||
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Security to cover principal amount together with interest,
costs, charges, expenses etc. Details of credit facilities:
With in overall limit of Rs. 180.000 Millions |
||||||||
|
5) Name and Address and description of the person entitled
to the charge. |
Dena Bank, 9th Floor, Maker Tower ‘E;, Cuffe
Parade, Mumbai – 400 005. |
||||||||
|
6) Date and brief
description of instrument modifying the charge |
No instrument was executed. Charge created on 27/06/2003
by way of equitable mortgage by deposit of title deeds. |
||||||||
|
7) Particulars of modifications specifying the terms and
conditions or the extent of operations of the charge in which modification is
made and the details of the modification. |
PAST MODIFICATION: Vide modification dated 27/06/2003 additional security was
provided of immovable properties viz. , Plot No. 15 & 16 Gayatri
Industrial Estate, Vasta Devdi Road, Surat together with land, building,
structures, erections, plant and machinery attached to the earth or
permanently fastened to anything attached to earth, fixtures, fittings now
erected or hereafter to be erected thereon both present and future. PRESENT MODIFICATION:
|
|
Name of the company |
Sahajanand Technologies
Private Limited |
||||||||
|
Presented By |
Jointly Company & Chargeholder |
||||||||
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation (Goods, Book debts & other
movable assets to secure multiple facilities) Dated 16/11/2002 |
||||||||
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 180.000 Millions |
||||||||
|
3) Short particular of the property charged. If the
property acquired is subject to charge, date of the acquired of the property
should be given |
All the stock of raw materials, goods in process and
finished good such as Laser Machines, Planner machine etc. consumable stores
and spares, packing materials, etc. both present and future now or hereafter
brought in to or upon or now or hereafter in course of transit to any
godowns, jathas or place whatsoever and whosesoever in the possession or
occupation of the company All the intangible movable properties and assets of
whatsoever nature including plant & machinery, tools and accessories,
stores, spares relating to the plant & machinery, furniture, articles,
office equipments, computers, and things belonging to the company and lying
and being at their premises/ factories at Daman and Surat being movable
properties and capable of passing by delivery, both present and future,
whether installed or not and now lying loose or in cases and now being or at
any time brought into or upon or at anytime in course of transit to the
premises of the company at Daman and Surat either by way of substitution or
in additions or other place whatsoever and whatsoever in the possession or
occupation of the company. All the present and future book debts, outstanding, money,
receivable, claims, bills rights to or in movable properties and movable
assets and which are now due, owing or payable or belonging to the company or
which may at any time hereafter become due, owing, payable or belonging to
the company in the course of its business by any person, firm , company or
body corporate or by the government Central or state or Indian railways, any
government department or office or any municipal or local or public or semi
government body or authority or any body corporate or under tacking or
project whatever in the public sector.
|
||||||||
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Security to be available as first charge and to cover
principal amount together with interest, costs, charges, expenses etc. Details of credit facilities:
With in overall limit of Rs. 180.000 Millions Interest at such rates as fixed by the bank from time to
time. Margin to be obtained as stipulated by the bank from time
to time. Bank to have power of entry, power of appoint receiver,
power of sale, etc. Individual limits within the aggregate amount secured to
be decided between the company and bank from time to time. |
||||||||
|
5) Name and Address and description of the person entitled
to the charge. |
Dena Bank, 9th Floor, Maker Tower ‘E;, Cuffe
Parade, Mumbai – 400 005. |
||||||||
|
6) Date and brief description of instrument modifying the
charge |
NOT APPLICABLE |
||||||||
|
7) Particulars of modifications specifying the terms and
conditions or the extent of operations of the charge in which modification is
made and the details of the modification. |
NOT APPLICABLE |
AS PER WEBSITE:
Under the dynamic and inspirational
leadership of Mr. Arvind Patel and its inspirational implementations by Mr.
Dinesh Patel. Sahajanand Laser Technology
set up its base in Gandhinagar, Gujarat, India in 1992. Making forays in the
‘sunrise’ laser technology it was just a matter of time that domestic
leadership was achieved in the field.
Next to follow was a revolution and an area where
excellent application that took shape to change the face of Indian diamond
industry. It was due to our Arvind Patel’s research and acumen that he
was awarded the prestigious Dr. Vikram Sarabhai Young Scientist Award for his
invaluable contribution in the Industry Application of Laser Technology,
particularly for Diamond industry.
11 years of leadership in the field of Laser Technology application has
provided us ample experience to understand and provide the right kind of
solutions for our customers. Our Laser Marking Machines and CNC systems for
diamond industry are developed and backed by in-house software research and
development.
We develop, design and integrate automation with our standard laser system. Our
team of experts, proffer customer specific solutions, which are flexible and
user friendly. They cost effective, production enhancing and over all increase
the efficiency for our customers. We also train our client’s operators and
provide adequate spares with efficient after-sales services.
Last year we sold over 20 laser marking systems taking our tally to 50 so far.
We have already supplied over 600 systems in the diamond sector similar to Nd:
YAG laser marking systems.
We have exported our laser systems and CNC solutions to Russia,
Thailand, Sri Lanka and Israel. We look forward to making inroads in
other countries within a short time to attain our vision of global leadership.
Our technically qualified manpower is competent enough to provide excellent
after-sales services and Annual Maintenance Services to all our customers. We
maintain floating stocks of spares as we are aware the industries are in a
24x7x365 operation mode to ensure uninterrupted production for our clients.
Today, Sahajanand Laser Technology is the most experienced,
technologically superior organization and having one of the largest installation
base with 80% market share in industrial and CNC solutions.
The Group of Companies :
- Sahajanand
Laser Technology
- Sahajanand
Software Pvt Ltd. (100 % EOU)
- Sahajanand
Enterprise
- Shreeji
Services
- Sahajanand
Technocrats
SAHAJANAND
LASER TECHNOLOGY - world’s largest manufacturer of CNC laser systems for
diamond processing, is an Indian company located in Gandhinagar (Gujarat) was
incorporated in 1992 and now, has become a leader in the field of laser &
CNC technology and marching towards global ventured under the innovative
ideology of Mr. Arvind Patel and its inspirational
implementations by Mr. Dinesh Patel.
About Us:
ABOUT THE GROUP
"Sahajanand", a group of Companies operating in
diversified activities under one trade name of Sahajanand. With its three arms Sahajanand presently
operates in three different business areas: Engineering & Laser technology,
Medical technology and Biotechnology.
"Sahajanand" was founded by Shri
Dhirajlal V. Kotadia
in the year 1993 with primary aim to cater Diamond industry with Laser
Technology based solutions. With successful establishment as pioneer in
providing automated capital equipment for diamond industry in India, Sahajanand developed
its range of industrial applications with use of laser of Sahajanand Medical Technologies Private Limited. Sahajanand Medical grab the opportunity to become
India's largest manufacturer of cardiovascular medical stents of international
quality standard and easy and cheaper availability compared to foreign
competitors. The third arm Sahajanand Biotech Private Limited is engaged in the
field of research in Biotechnology and herbal medicinal formulations
manufacturing.
VALUES
"Sahajanand" has always been a value driven
organisation. Business of Sahajanand
is based on Four core values
(a) integrity – doing
business with honestly, transparency and with fair business practices,
(b) understanding –
understanding the business, customer needs and social needs of human community,
(c) responsibility –
doing business with responsibility to the customers, the country and the
society and
(d) excellence – give
the highest possible standard and proven products and services to the customers
in the areas we operate.
ABOUT THE COMPANY
Inspired by unique
advantages of Laser technology like high productivity, automation worthiness,
non-contact possessing, elimination of finishing operations, reduced processing
cost Sahajanand Technologies (P) Ltd was incorporated in
1993 for the purpose of providing hi end capital equipments to diamond
industry. It has always been endeavour of the company to harness hi-end
technology, to put it to worth while use in many forms. Sahajanand has pursued this endeavour with success
till now by way of introducing various hi end engineering products ranging from
processing rough diamond to polishing of finished diamond, including diamond
planner systems. Sahajanand has always been known for defining
products. This has given Sahajanand a unique place as trendsetter in diamond
industry. Sahajanand’s market leadership is based not only on
providing state of art products, but also diligent customers support and
initiative to introduce latest technology to the industry. Starting from laser
machine for diamond cutting Sahajanand has successfully presented diamond
industry technologically advanced products developed inhouse by its well
experienced technical work force and achieved a high growth rate than the
industry rate. Sahajanand provided new standard in the diamond industry with a
varied range of products like Laser Sawing, Bruiting, Auto-Blocking, Polishing
& Planner machines etc; used at different stages of diamond manufacturing
process.
"Total solution for Diamond Industry
under one roof..."
Company has come
out with various industrial products like Laser Cutting, Welding and Marking
machines for different industrial use. Sahajanand caters the Laser cutting requirement of
the solar cell manufacturing companies all over India, in furtherance to its
commitment.
Success of Sahajanand is revealed by large spread of customers
and achievement of customer support. Sahajanand through its dedicated efforts, commitment
to quality, customer satisfaction and technical excellence has supported
diamond industry in increasing the business manifold during last ten years. The
company is a pioneer in India, with a market share of around 80 % of the supply
of the aforesaid machines, the rest are either imported, or are manufactured by
few other manufacturers, having a very limited manufacturing capacity.
Company's products are comparatively cheaper then the imported ones and
technology wise they are at par with the imported products. All this has become
possible through advance infrastructure in terms of manufacturing facilities
and service, teamwork of its multidisciplinary team of Laser Physicists,
computer and software engineers, electronics & mechanical engineers and
visionary core management team.
Sahajanand has manufacturing units at Special
Economic Zone, Sachin and its registered office at Surat and marketing offices
at Mumbai. The clientele of Sahajanand is spread all over India.
Sahajanand group is committed to the ongoing
development of innovative hi-end technologies and upgrading of current laser
systems and devices, for the further advancement of not only the diamond
industry but also the other industries that might benefit from revolutionary
laser light. We are also committed to bring these technologies within the reach
of every Indian engaged in these industries and to save the precious foreign
exchange worth millions of dollars for the country. Our motto is “Quality …
is remembered even after… price is forgotten”
AWARDS & ACHIEVEMENT:
Year: 2004
Award: Outstanding
Business person of the year
Conferred
By: Southern
Gujarat Chamber of Commerce
Conferred
For: Outstanding Business
person of the year
Year: 2003
Award: Best Enterpreneur
Conferred
By: Federation
of Gujarat Industries
Conferred
For: For Best Enterpreneur
Year: 2003
Award: Business
Person of the year
Conferred
By: Gujarat
Zone - 8 Award
Conferred
For: For Innovation and
uniqueness in the business
Year: 2003
Award: Business Person
of the year
Conferred
By: Surat
Jacees Chapter
Conferred
For: For Innovation and
uniqueness in the business
Year: 2003
Award: Best export in
SSI
Conferred
By: South
Gujarat Chamber of Commerce & Industry
Conferred
For: For best export
performance in Small Scale Industries
Year: 2002
Award: Samaj Ratna
Conferred By: Sardar Patel Seva Trust
Conferred
For: To Shri Dhirajlal Kotadia for his contribution
in Diamond & Stent Industry
Year: 2002
Award: Udyog 2002
Conferred By: South Gujarat Chamber
of Commerce & Industry
Conferred
For: For Best Display to Company
Year: 2001
Award: Udyog Ratan Award
Conferred By: Institute of Economic
Studies
Conferred
For:To Shri Dhirajlal Kotadia for his contribution
in Industry
Year: 2000
Award: Momento of Appreciation
Conferred By: Saurashtra Jaldhara
Trust
Conferred
For: For
the contribution in helping to build the check Dam as part of Sahajaand's
social obligation
Year: 2000
Award: Udyog
- 2000
Conferred
By: South
Gujarat Chamber of Commerce & Industry
Conferred
For: For Excellence in
Presentation
Year: 1997
Award: Dijem-97
Conferred
By: South
Gujarat Chamber of Commerce & Industry
Conferred
For: For Active
Participation
Year: 1995
Award: IMTMA Award
Conferred
By: Indian
Machine Tools Manufacturing Association. Confederation of Indian Industry
Conferred
For: For Best
Display
CMT REPORT
[Corruption, Money laundering & Terrorism]
The Public Notice information has been collected from various
sources including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.46.20 |
|
UK Pound |
1 |
Rs.84.57 |
|
Euro |
1 |
Rs.58.12 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |