MIRA INFORM REPORT
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Report Date : |
16th May, 2006 |
IDENTIFICATION DETAILS
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Name : |
MESSUNG
SYSTEMS PRIVATE LIMITED |
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Registered Office : |
15 Electronic Sadan – 3,
MIDC, Bhosari, Pune – 411026, Maharashtra |
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Country : |
India
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
26th
May, 1995 |
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CIN No.: |
U31200MH1995PTC088833 |
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Com. Reg. No.: |
11-88833 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Company
is engaged in Manufacturer Electronic Equipment and Parts and Instruments or
Automation |
RATING & COMMENTS
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MIRA’s Rating : |
A |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 900000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well – established company having fine track. Directors are reported as
experienced, respectable and resourceful businessmen. Their trade relations
are fair. Payments are correct and as per commitments. The
company can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
15 Electronic Sadan – 3,
MIDC, Bhosari, Pune – 411026, Maharashtra |
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Tel. No.: |
91-20-27123130/27128927/27119615/27120807/27122807 |
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Fax No.: |
91-20-27128108/27120391 |
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E-Mail : |
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Head Office/Factory : |
El-2, J Block, M.I.D.C. Bhosari, Pune - 411 026.
India |
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Tel. No.: |
91- 20 - 2710 2000 |
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Fax No.: |
91- 20 - 2710 2100 |
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E-Mail : |
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Website : |
http://www.messung.com |
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For Information of Messung Products MESSUNG SYSTEMS For Information of Mitsubishi CNC Services MESSUNG SALES
& SERVICES PVT. LTD. |
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MESSUNG AREA OFFICES |
PUNE AREA OFFICE
MUMBAI AREA OFFICE
NEW DELHI AREA OFFICE BARODA AREA OFFICE HYDERABAD AREA OFFICE BANGALORE AREA OFFICE |
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MESSUNG DISTRIBUTORS |
BANGALORE CHENNAI NASIK KOLKATA TTS
SYSTEMATIX PVT. LTD., |
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MESSUNG REPAIR SERVICE CENTRES |
Repair Service for Messung
Products Repair Service for Mitsubishi
CNC Repair Service for Mitsubishi FA Products |
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MESSUNG WAREHOUSE |
S.No.
157 / 2A/ 1, Village - Tathwade |
DIRECTORS
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Name : |
Mr.
Merchant N Farook |
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Designation : |
Director
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Address : |
6/93,
Mira Society, Atur Sangtani Park, Pune – 411037, Maharashtra |
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Date of Birth: |
50
Years |
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Experience |
30
Years |
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Date of Appointment : |
26.05.1995 |
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Name : |
Mr.
Merchant N Khatija |
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Designation : |
Director
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Address : |
4/59,
Mira Society, Atur Sangtani Park, Pune – 411037, Maharashtra |
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Date of Appointment : |
26.05.1995 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
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Mr.
Merchant N Farook |
367451 |
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Mr.
Merchant N Khatija |
122549 |
BUSINESS DETAILS
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Line of Business : |
Company
is engaged in Manufacturer Electronic Equipment and Parts and Instruments or
Automation |
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|
Product |
v
Programmable Logic
Controller – 8538 v
Inverters – 8504 |
GENERAL INFORMATION
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No. of Employees : |
400 |
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Bankers : |
v
Indusind Bank Limited
, 2401, East Street, Pune – 411001 v
Bank of Maharashtra v
State Bank of
India |
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Facilities : |
Indusind
Bank Limited – Rs. 11.499 Millions Secured
against hypothecation of stock and book debts |
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Banking Relations : |
Good
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Auditors : |
Vidya
Kudva & Company Chartered
Accountant |
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Address: |
4,
Kumar Panorama, 41/1B, Shankarsheth Road, Pune – 411037 |
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Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 5.000 Millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
490000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 4.900 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 |
4.900 |
4.900 |
4.900 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
225.250 |
140.966 |
93.036 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
230.150 |
145.866 |
97.936 |
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LOAN FUNDS |
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1] Secured Loans |
11.499 |
16.779 |
12.728 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL
BORROWING
|
11.499 |
16.779 |
12.728 |
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DEFERRED TAX LIABILITIES |
1.303 |
1.202 |
1.081 |
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TOTAL
|
242.952 |
163.847 |
111.745 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
16.655 |
14.115 |
12.485 |
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Capital work-in-progress
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INVESTMENT
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DEFERREX TAX ASSETS
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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54.750
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42.727 |
47.910 |
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Sundry Debtors
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127.144
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91.229 |
65.519 |
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Cash & Bank Balances
|
102.962
|
57.087 |
23.477 |
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Other Current Assets
|
51.676
|
33.486 |
22.113 |
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Loans & Advances
|
4.436
|
2.304 |
0.539 |
Total Current Assets
|
340.968
|
226.833 |
159.558 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
|
54.015
|
40.503 |
34.206 |
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Provisions
|
60.662
|
36.606 |
26.101 |
Total Current Liabilities
|
114.677
|
77.109 |
60.307 |
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Net Current
Assets
|
226.291
|
149.724 |
99.251 |
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MISCELLANEOUS EXPENSES
|
0.006 |
0.008 |
0.009 |
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TOTAL
|
242.952 |
163.847 |
111.745 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
544.327 |
370.837 |
261.771 |
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Profit/(Loss) Before Tax
|
142.025 |
81.196 |
49.670 |
Provision for Taxation
|
52.201 |
28.387 |
18.578 |
Profit/(Loss) After Tax
|
89.824 |
52.809 |
31.092 |
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Export Value
|
24.428 |
7.399 |
NA |
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Import Value
|
200.433 |
138.167 |
NA |
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Total Expenditure
|
402.301 |
289.640 |
212.101 |
KEY RATIOS
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
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(%)
|
16.50
|
14.24 |
11.87 |
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Net Profit Margin
(PBT/Sales) |
(%) |
26.09
|
21.89 |
18.97 |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
55.12
|
33.69 |
28.87 |
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Return on Investment (ROI)
(PBT/Networth) |
|
0.61
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0.55 |
0.50 |
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Debt Equity Ratio
(Total Liability/Networth) |
|
0.54
|
0.64 |
0.74 |
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Current Ratio
(Current Asset/Current
Liability) |
|
2.97
|
2.94 |
2.64 |
LOCAL AGENCY FURTHER INFORMATION
Activities
The
company achieved PLC trading sales of Rs. 506.133 Millions and other business
turnover of Rs. 35.633 Millions Rs. 352.054 Millions after meeting expenses and
tax there remain a net profit of Rs. 89.824 Millions. A sum of Rs. 8.982
Millions had been transferred to general reserve and after providing for
dividend and Divided distribution tax Rs. 5.540 Millions a balance of Rs.
111.783 Millions is carried forward to the next year. The current year working
to date is in line with last year performance. The company expect turnover to
exceed Rs. 750.000 Millions during the year.
Fixed Assets
v
Budding
v
Furniture & Fixture
v
Computer
v
Plant & Machinery
v
Vehicles
|
Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
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Presented By |
Mr. P M Kulkarni |
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1)
Date and description of instrument creating the change |
Composite
agreement for auto loan and grantee dated 21.02.2004 executed for creation of
single charge. |
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2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
0.420 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 |
First
legal charge by way of hypothecation on Tata Indigo |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
8%
Rate of Interest |
||||||||||||||||||||||||||||||
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5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
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6)
Date and brief description of
instrument modifying the charge |
Not
Applicable |
||||||||||||||||||||||||||||||
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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. |
Not
Applicable |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
||||||||||||||||||||||||||||||
|
Presented By |
Mr. P M Kulkarni |
||||||||||||||||||||||||||||||
|
1)
Date and description of instrument creating the change |
Composite
agreement for auto loan and grantee dated 21.02.2004 executed for creation of
single charge. |
||||||||||||||||||||||||||||||
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
0.420 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 |
First
legal charge by way of hypothecation on Tata Indigo |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
8%
Rate of Interest No.
of EIM – 36 |
||||||||||||||||||||||||||||||
|
5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
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 |
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Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
||||||||||||||||||||||||||||||
|
Presented By |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
1)
Date and description of instrument creating the change |
Agreement
for hypothecation of stock, book debts and receivable dated 14.12.2000
executed for creation of charge of Rs. 10.000 Millions Agreement
for hypothecation of stock to secure C C Facility dated 14.12.2000 for
executed for creation of charge of Rs. 17.500 Millions |
||||||||||||||||||||||||||||||
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
10.000 Millions Rs.
17.500 Millions Total
– Rs. 27.500 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 |
First
charge by way of hypothecation of stock goods such as current assets viz
stock of trading material comprising of mitishibishi plc and drive purchased
for trading purpose and all other stock, book debtors receivable etc. |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
16%
Rate of Interest |
||||||||||||||||||||||||||||||
|
5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
6)
Date and brief description of
instrument modifying the charge |
Memorandum
recording extention of equitable mortgage by deposited of title deeds dated
22.11.2003 |
||||||||||||||||||||||||||||||
|
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. |
The
original charge was created on 14.12.2000 for Rs. 27.500 Millions Fist
modification on 21.3.2001 by facility from Rs. 27.500 Millions to Rs. 37.500
Millions It
was future modification on 16.06.2001 Rs. 37.500 Millions to Rs. 49.000
Millions On
13.07.2001 by providing additional security of immovable property 3-C,
Shantinagar Industrial Estate, Santacruz (East) Mumbai , dated 13.7.2001 It
was future modification on 27.9.2002 Rs. 49.000 Millions to Rs. 53.000
Millions 20.11.2003
the existing sublimits of letter of credit facility of Rs. 30.000 Millions Now
by this modification the company had given oral assets to the bank to
continue to hold the said title deeds mentioned in the first schedule |
||||||||||||||||||||||||||||||
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Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
||||||||||||||||||||||||||||||
|
Presented By |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
1)
Date and description of instrument creating the change |
Agreement
for hypothecation of stock, book debts and receivable dated 14.12.2000
executed for creation of charge of Rs. 10.000 Millions Agreement
for hypothecation of stock to secure C C Facility dated 14.12.2000 for
executed for creation of charge of Rs. 17.500 Millions |
||||||||||||||||||||||||||||||
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
10.000 Millions Rs.
17.500 Millions Total
– Rs. 27.500 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 |
First
charge by way of hypothecation of stock goods such as current assets viz
stock of trading material comprising of mitishibishi plc and drive purchased
for trading purpose and all other stock, book debtors receivable etc. |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
16%
Rate of Interest |
||||||||||||||||||||||||||||||
|
5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
6)
Date and brief description of instrument
modifying the charge |
Supplementary
agreement of hypothecation for stock book debts, receivable other fixed
assets dated 20.11.2003 Agreement
for document letter of credit dated 20.11.2003 Agreement
for accepting deposited as margin for bank dated 20.11.2003 Letter
from indisind bank dated 20.11.2003
|
||||||||||||||||||||||||||||||
|
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. |
The
original charge was created on 14.12.2000 for Rs. 27.500 Millions Fist
modification on 21.3.2001 by facility from Rs. 27.500 Millions to Rs. 37.500
Millions It
was future modification on 16.06.2001 Rs. 37.500 Millions to Rs. 49.000
Millions On
13.07.2001 by providing additional security of immovable property 3-C,
Shantinagar Industrial Estate, Santacruz (East) Mumbai , dated 13.7.2001 It
was future modification on 27.9.2002 Rs. 49.000 Millions to Rs. 53.000
Millions 20.11.2003
the existing sublimits of letter of credit facility of Rs. 30.000 Millions Now
by this modification the company had given oral assets to the bank to
continue to hold the said title deeds mentioned in the first schedule
|
||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||
|
Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
||||||||||||||||||||||||||||||
|
Presented By |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
1)
Date and description of instrument creating the change |
Agreement
for hypothecation of stock, book debts and receivable dated 14.12.2000
executed for creation of charge of Rs. 17.500 Millions Agreement
for hypothecation of stock to secure C C Facility dated 14.12.2000 for
executed for creation of charge of Rs. 10.000 Millions |
||||||||||||||||||||||||||||||
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
10.000 Millions Rs.
17.500 Millions Total
– Rs. 27.500 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 |
First
charge by way of hypothecation of stock goods such as current assets viz
stock of trading material comprising of mitishibishi plc and drive purchased
for trading purpose and all other stock, book debtors receivable etc. |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
16%
Rate of Interest 1%
over prevailing PLR of 15% |
||||||||||||||||||||||||||||||
|
5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
6)
Date and brief description of
instrument modifying the charge |
Memorandum
recording extention of equitable mortgage by deposited of title deeds dated
13.7.2001 |
||||||||||||||||||||||||||||||
|
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. |
The
original charge was created on 14.12.2000 for Rs. 10.000Millions Fist
modification on 21.3.2001 by facility from Rs. 17.500 Millions to Rs. 27.500
Millions
On
13.07.2001 by providing additional security of immovable property 3-C,
Shantinagar Industrial Estate, Santacruz (East) Mumbai , dated 13.7.2001 It
was future modification on 27.9.2002 Rs. 49.000 Millions to Rs. 53.000
Millions 20.11.2003
the existing sublimits of letter of credit facility of Rs. 30.000 Millions Now
by this modification the company had given oral assets to the bank to
continue to hold the said title deeds mentioned in the first schedule On
or towards the East - By Plot # 4B On or towards the East - By Plot # 3B On
or towards the East -S#354 |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name
of the company |
MESSUNG SYSTEMS PRIVATE LIMITED |
||||||||||||||||||||||||||||||
|
Presented By |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
1)
Date and description of instrument creating the change |
Agreement
for hypothecation of stock, book debts and receivable dated 14.12.2000
executed for creation of charge of Rs. 17.500 Millions Agreement
for hypothecation of stock to secure C C Facility dated 14.12.2000 for
executed for creation of charge of Rs. 10.000 Millions |
||||||||||||||||||||||||||||||
|
2)
Amount secured by the charge/amount owing on the securities of charge |
Rs.
10.000 Millions Rs.
17.500 Millions Total
– Rs. 27.500 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 |
First
charge by way of hypothecation of stock goods such as current assets viz
stock of trading material comprising of mitishibishi plc and drive purchased
for trading purpose and all other stock, book debtors receivable etc. |
||||||||||||||||||||||||||||||
|
4)
Gist of the terms and conditions and extent and operation of the charge. |
16%
Rate of Interest 1%
over prevailing PLR of 15% |
||||||||||||||||||||||||||||||
|
5)
Name and Address and description of the person entitled to the charge. |
Indusind
Bank Limited, 2401, East Street, Pune – 411001 |
||||||||||||||||||||||||||||||
|
6)
Date and brief description of
instrument modifying the charge |
Supplementary
agreement of hypothecation for stock book debts, receivable other fixed
assets dated 16.06.2001 Executed For Creation Modification For Rs. 41.500
Millions |
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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. |
The
original charge was created on 14.12.2000 for Rs. 10.000Millions Fist
modification on 21.3.2001 by facility from Rs. 17.500 Millions to Rs. 27.500
Millions
|
ABOUT US
At
Messung, they live with automation at the centre of our lives. They aspire to
benefit the customers with innovations and pathbreaking technologies. From
developing indigenous PLCs to being the distributor of world - class Mitsubishi
FA products,Messung has done it all. They have excelled and paced
ourselvesideally, to suit the local customer requirements, equipping them with
world-class technology.
In the year 1981, Mr. Farook Merchant developed India's first indigenous
PLC-Meprolog-H and this laid the foundation of Messung. The growing market
demands led to innovations of
quality products such as XMP8 PLC series, HMI's and NEXGEN 5000 series - there
latest accomplishment. A fine talent pool coupled with a state-of-the-art
infrastructure worked alongside there R&D, harnessing every single
opportunity that the ever - upgrading market kept throwing up. But all this
needed an outlet, so there aching out couldn't be kept far behind. From there
head office in Pune, they branched out to all major cities - supported by a
growing
and well-knit network of distributors - thus making Messung anationwide
phenomenon. But this was just a prelude to an international recognition, which
came its way with the opening up of Indian economy in the early nineties.
Messung was appointed authorized distributors for Mitsubishi FA products in
India. This enabled us to cater to the advanced requirement of
there indigenous clients.
RESEARCH AND DEVELOPMENT
R&D has
been a weighty determinant in Messung's remarkable rise. It's here where the
continuum called knowledge is created which
represents a breakthrough in technology. At Messung, solutions aren't mere adaptations or imitations of existing
products. They are solutions that
originate from in-house talent and expertise that perfectly sync with
the automation needs of the Indian industry.India's first PLC Meprolog-H to a
series of HMIs, XMP8s and recently the
highly sophisticated Nexgen 5000, are cases in point. There expert
team of development engineers have consistently innovated and developed new
designs based on their collective experience in electronic hardware, software, mechanical and product testing
skills.
At
the base of this success lies an ingenious strategy. The strategy of evolving
core designs which can be deployed for innovating anddeveloping a range of
products. The in-built flexibility allows us to satisfy customers from
different industries right down to their last specification. All this, without
increasing the cost or compromising in the features, while simultaneously
assimilating the latest components and technology - aided by there membership
in various international associations such as CoDeSys for Automation Alliance,
CAN in Automation (CiA) and CC-link Partner Association (CLPA).
There contribution to the automation industry hasn't gone unnoticed. They have
won the prestigious award for "Excellence in Research & Development in
Electronics", conferred by the Department of Science and Industrial
Research, Government of India. Add to that the distinction of being recognised
by the Government of India. A recognition, worn well by there spacious, fully
air-conditioned division with state-of-the-art equipment and design software
for development and testing of products.Devices such as Field programmable Gate
Arrays (FPGA) and Erasable Programmable Logic Devices (EPLD) help to achieve
high level of integration and also improve the EMI/EMC performance and
reliability of the product. Use of CADSTAR one of the leading PCB design
software along with EMC Analyzer tool to make multilayer PCB design to
withstand the EMI/EMC test with minimum number of rework. Mechanical design
tool like AUTOCAD ensures quick conversion of product engineering ideas into practical designs.
Testing facilities as per international standard IEC 1000-4-4 for
electromagnetic
compatibility using fast transient noise simulator make sure there products
work even in the
harshest industrial environment.
With this tremendous convergence of human and other
resources they can now claim to have the
following expertise at the R&D Division:
- Designing of PLC, CPU, PSU and a wide range of
Digital, Analog, High Speed counter modules
- Designing electronics that work in stringent
EMI/EMC testing set-up as per IEC standards
- Designing micro-controller based circuits
using various peripheral ICs, PLDs and FPGAs
- Designing hardware circuits using VHDL;
specialisation in working on Xilinx tools
- Designing multilayer PCBs which work in the
harsh EMI/EMC industrial environment using one of the leading PCB design
software CADSTAR with EMC analysis
- Writing software in Assembly as well as high
level language like "C" in embedded controller based designs
- CAN field bus based product development:
master, remote slave, bus couplers, etc.
- Working with various serial communications
oriented products
There
past success and existing resources have given us the confidence to aim higher
and promise
ever evolving Hi-tech innovative products for automation.
PRODUCTS
Messung offers a range of indigenous and Mitsubishi
Products, for world class solutions to factory
automation.
Customised application is possible through various
product combinations catering to all levels of automation.
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.45.48 |
|
UK
Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |