Attachment 1
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Report
Update On |
17th February, 2001 |
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Report on [Correct Name] |
PROSY ENGINEERS & CONSULTANTS
PRIVATE LIMITED |
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Registered Office |
317-A, Panchratna, M. A. Parmanand Marg, Mumbai – 400 004, INDIA |
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Tel. No. |
91-22-6491608 |
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Fax No. |
91-22-6491625 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1982 |
Status |
Moderate |
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Registration No. |
27768 |
Chief Executive |
Mr. Ashok Ratubhai Kothari |
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Capital (Rs.) |
0.300 million |
Payments |
Unknown |
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Sales (Rs.) |
0.593 million |
Litigation |
-- |
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Net Worth (Rs.) |
1.594 millions |
Banking Reputation |
Satisfactory |
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No. of Employees |
4 |
Auditors |
Deepakkumar A. Joshi & Company |
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Credit Rating |
B (See attachment 3) |
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INDUSTRY
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FACTORY
Not applicable
SERVICE CENTRE
8/754, “Sangam”, 5th Road, Khar, Mumbai – 400 052, INDIA
HISTORY
The company was incorporated on 9th July, 1982 at Mumbai in Maharashtra having Company Registration Number 27768.
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
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Mr. Ashok Ratubhai Kothari |
Chairman & Managing Director |
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Mrs. Neeta Ravindra Lad |
Director |
PARTICULARS OF CHIEF EXECUTIVE
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Name |
Mr. Ashok Ratubhai Kothari |
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Designation |
Chairman & Managing Director |
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Address |
101, Nectar I, Sherly Rajan Road, Bandra (West),
Mumbai – 400 052, INDIA |
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Date of Birth |
1st June, 1950 |
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Date of Joining |
29th February, 2988 |
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Name |
Mrs. Neeta Ravindra Lad |
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Designation |
Director |
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Address |
401, Deccan Apartment, “B” Union Park, Khar, Mumbai
– 400 052, INDIA |
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Date of Joining |
9th July, 1982 |
MAJOR SHAREHOLDERS
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Name of Shareholders |
No. of Shares |
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Ms. Akshita Lad |
710 |
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Ms. Preeti Lad |
710 |
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Mr. Abhijit Pawar |
500 |
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Mr. Ashok Kothari |
500 |
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Ms. Rupali Shingavi |
140 |
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Ms. Shilpa Shingavi |
140 |
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Mr. Sharadchandra Fadnis |
120 |
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Mr. Ravindra Lad |
70 |
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Mrs. Neeta Lad |
50 |
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Mrs. Suraj Shingavi |
20 |
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Mr. Kashinath Parbate |
20 |
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Mr. Hiralal Chaurasia |
20 |
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TOTAL |
3,000 |
BUSINESS
The company is primarily engaged in Trading in Computer Parts.
The company occasionally manufactures Computers as per Customers Requirements. It also undertakes other Consultancy Jobs.
The company also undertakes repairing activities of following international companies products, which are not manufactured in India :
K Siemens, Germany
K RAFL, Germany
K GUBNER, Germany
K SICK, Germany
K WEBER, Germany
K IMPAC, Germany
K Hewlett Packard, USA
K Sorensen, USA
K Edsyn GmbH
Some of the Major Customers of the company are :
K Hindustan Aeronautics Limited, West Bengal
K HMT Limited, Ajmer, Rajasthan
K Ispat Industries Limited
K Maharashtra Seamless Limited
K Meghatech Controls Private Limited
K Powertech
K Siemens Limited
K Stromtek Automation Private Limited
K Air Force Station, Kalaikunda
K Defiance Knitting Industries
K Gujarat Propack Limited, Vadodara, Gujarat
K Jupiter Hitech Systems
K Reliance Petroleum Limited, Jamnagar, Gujarat
K Syslab Automation Private Limited
K Tata Refractories Limited, Orissa
K Priyadarshini Cement Limited
Some of the Major Suppliers of the company are :
K Ketan Enterprises
K Protolab Electro Technologies Private Limited
K Robonic Computers
The company’s fixed assets of important value include Motor Car, Furniture, Office Equipments, Cycle, Computer Equipments, Soldering Station, Refrigerator, EPABX Systems, Printer – Deskjet 670C and Printer – Dot matrix.
The company is reported to operates from a caption rented office premises and employ around 4 persons in its set-up.
SISTER CONCERNS
Nil
BANKERS
K Bank of India, Mumbai
AUDITORS
K Deepakkumar A. Joshi & Company
Chartered Accountants
4-B, Harihar Niwas, 5, Besant Street, Santacruz (West), Mumbai – 400 054, INDIA
Tel. No. 91-22-6494581 / 6494816
Fax No. 91-22-6052472
E-Mail deepakin@vsnl.com
FINANCIAL INFORMATION
The company's latest financial information for the period ended 31st March, 2000 is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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3,000 |
Equity Shares of Rs.100/- each |
Rs.0.300 million |
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1,800 |
Unclassified Shares of Rs.100/- each |
Rs.0.180 million |
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GRAND TOTAL |
Rs.0.480 million |
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Issued, Subscribed &
Paid-up Capital : |
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3,000 |
Equity Shares of Rs.100/- each |
Rs.0.300 million |
COMMENTS
Subject is a small trading company having moderate track. Directors are experienced, respectable and having satisfactory means of their own. Financial position is moderate. Payments are reported as slow but correct.
The company can be considered for small business dealings at usual trade terms and conditions.
No clean credit may be granted.
ABRIDGED BALANCE SHEET AS ON 31ST March, 2000
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
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31.03.2000 |
31.03.1999 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.300 |
0.300 |
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2] Reserves & Surplus |
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0.830 |
0.830 |
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3] Profit & Loss Account |
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0.000 |
0.012 |
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LOAN FUNDS |
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1] Secured Loans |
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0.075 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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GRAND TOTAL
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1.206 |
1.142 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.221 |
0.304 |
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INVESTMENTS |
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0.000 |
0.000 |
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Inventories |
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0.641 |
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Sundry Debtors |
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0.263 |
1.209 |
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Cash & Bank Balances |
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0.197 |
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Loans & Advances |
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0.024 |
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Total Current Assets |
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1.125 |
1.209 |
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Less : |
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Current Liabilities & Provisions |
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0.394 |
0.371 |
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Net Current Assets |
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0.731 |
0.838 |
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PROFIT & LOSS ACCOUNT |
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0.254 |
0.000 |
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GRAND TOTAL
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1.206 |
1.142 |
IMPORTANT FINANCIAL INFORMATION FOR LAST TWO PERIODS
[figures are in Rupees Millions]
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PARTICULARS |
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31.03.2000 |
31.03.1999 |
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Sales Turnover |
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1.597 |
2.824 |
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[including other income] |
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Profit/(Loss) Before Tax |
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(0.265) |
(0.057) |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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(0.265) |
(0.057) |
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Dividend |
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0.000 |
0.000 |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal assurance
for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered not
known. Capability to pay both interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, one of the oldest civilisations with a kaleidoscopic variety and rich cultural heritage. It ahs achieved multifaceted socio-economic progress during the last 53 years of its independence. India has become self-sufficient in agricultural production and is now the tenth industrialised country in the world and the sixth nation to have gone into outer space to conquer nature for the benefit of the people. It covers an area of 3,287,2631 sq.km., extending from the snow-covered Himalayan heights to the tropical rain forests of the south. As the seventh largest country in the world, India stands apart from the rest of Asia, marked off as it is by mountains and the sea, which give the country a distinct geographical entity. Bounded by the Great Himalayas in the north, it stretches southwards and at the Tropic of Cancer, tapers off into the Indian Ocean between the Bay of Bengal on the east and the Arabian Sea on the west.
Lying entirely in the northern hemisphere, the mainland extends between latitudes 8°4’ and 37°6’ north, longitudes 68°7’ and 97°25’ east and measures about 3,214 km from north to south between the extreme latitudes and about 2,933 km from east to west between the extreme longitudes. It has a land frontier of about 15,200 km. The total length of the coastline of the mainland, Lakshadweep Islands and Andaman & Nicobar Islands is 7,516.6 km.
The countries having a common border with India are Afghanistan and Pakistan to the north-west, China, Bhutan and Nepal to the north, Myanmar to the east and Bangladesh to the east of West Bengal. Sri Lanka is separated from India by a narrow channel of sea formed by the Palk Strait and the Gulf of Mannar.
Rivers in India may be classified as : (i) Himalayan rivers; (ii) Peninsular rivers; (iii) Coastal rivers and (iv) rivers of Inland drainage basins.
The climate in India may be broadly described as tropical monsoon type. There are four seasons: (i) Winter (January-February); (ii) Hot-weather Summer (March-May); (iii) Rainy South-Western Monsoon (June-September) and (iv) Post-Monsoon, also known as North-East Monsoon in the Southern Peninsula (October-December). India’s climate is affected by two seasonal winds – the north-east monsoon and the south-west monsoon. The north-east monsoon commonly known as winter monsoon blows from land to sea whereas south-west monsoon known as summer monsoon blows from sea to land after crossing the Indian Ocean, the Arabian Sea and the Bay of Bengal. The south-west monsoon brings most of the rainfall during the year in the country. It is now possible to make forecast about the monsoon rains successfully with developed models and trained manpower.
India’s populations, as on 1st March, 1991 stood at 846.30 millions (439.23 million males and 407.07 million females). This includes the projected population of 7.72 million of Jammu & Kashmir. The second most populous country, India is the home of 16 percent of world’s population. The country, however, accounts for 2.42 percent of the total world area.
The population in India as recorded at each decenial census from 1901 has grown steadily except for a decrease during 1911-21. Decadel growth of population from 1901 is shown in the table below :
POPULATION
Year
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Population |
Decade
Growth Rate (percent)1 |
Average
Annual Exponential Growth Rate (percent) |
Progressive
Growth Rate over 1901 |
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1901 |
238,396,327 |
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-- |
-- |
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1911 |
252,093,390 |
+5.75 |
0.56 |
+5.75 |
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1921 |
251,321,213 |
-0.31 |
-0.03 |
+5.42 |
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1931 |
278,977,327 |
+11.00 |
1.04 |
+17.02 |
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1941 |
318,660,580 |
+14.22 |
1.33 |
+33.67 |
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1951 |
361,088,090 |
+13.31 |
1.25 |
+51.47 |
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1964 |
439,934,771 |
+21.51 |
1.96 |
+84.25 |
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1971 |
548,159,652 |
+24.80 |
2.20 |
+129.94 |
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1981 |
683,329,097 |
+24.66 |
2.22 |
+186.64 |
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1991 |
846,302,688 |
+23.85 |
2.14 |
+255.00 |
INDIAN INDUSTRY
India started has quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy.
As per Quick Estimate of the Index of Industrial Production, the overall growth of Industrial Production during 1999-2000 was 8 percent. Intermediate Goods recorded a growth of 15 percent. Consumer durable goods recorded a growth of 12.2 percent over 1998-99. Consumer non-durables recorded a growth of 4 percent during 1999-2000 over the corresponding period last year.
While the overall industrial growth was 8 percent, the core infrastructure sectors achieved an average growth rate of 8.5 percent during the financial year 1999-2000.
The performance of six infrastructure industries is given herebelow :
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Sr. No. |
Industry |
Weight |
1995-96 |
1996-97 |
1997-98 |
1998-99 |
1999-2000 |
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1. |
Electricity |
10.1690 |
8.3 |
3.8 |
6.6 |
6.6 |
7.1 |
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2. |
Coal |
3.2216 |
6.4 |
5.7 |
3.6 |
-2.0 |
3.3 |
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3. |
Steel |
5.1278 |
21.9 |
5.8 |
6.3 |
1.3 |
12.5 |
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4. |
Crude Petroleum |
4.1721 |
7.1 |
-4.7 |
2.9 |
-3.4 |
-2.2 |
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5. |
Petroleum Refinery Products |
2.0021 |
3.9 |
7.0 |
3.7 |
5.2 |
25.3 |
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6. |
Cement |
1.9891 |
11.5 |
9.6 |
9.1 |
5.7 |
14.0 |
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Overall |
26.6817 |
10.5 |
3.0 |
5.6 |
2.9 |
8.5 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.46.63 |
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UK Pound |
1 |
Rs.67.62 |
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Euro |
1 |
Rs.42.44 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
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______________________________________________________________________________
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Company’s Stamp &
Signature