MIRA
INFORM REPORT
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Report Date : |
21.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
SAHAJANAND
LASER TECHNOLOGY LIMITED |
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Formerly Known As : |
SHREEJI
LASER TECHNOLOGY PRIVATE LIMITED |
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Registered Office : |
48 –
A, Arvind Estate, L. B. S. Road, Bapunagar, Ahmedabad – 380025, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
23.04.2002 |
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Com. Reg. No.: |
04-40659 |
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CIN No.: [Company
Identification No.] |
U30007GJ2002PLC40659 |
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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 : |
Closely
Held Public Limited Liability Company |
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Line of Business : |
Manufacture and sale of different kinds of CNC laser machines and laser marking machines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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
400000 |
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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. Trade relations are reported as fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
48 –
A, Arvind Estate, L. B. S. Road, Bapunagar, Ahmedabad – 380025, Gujarat,
India |
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Tel. No.: |
91-79-22200950/22201456 |
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Fax No.: |
91-79-22201456/22200950/22201247/22201472 |
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E-Mail : |
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Website : |
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Corporate
Office / Factory : |
E-30, GIDC Electronics Estate, Sector - 26, Gandhinagar - 382 044, Gujarat |
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Tel.
No.: |
91-79-23226877/23241379 / 80 |
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Fax
No.: |
91-79-23241465 |
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E-Mail
: |
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Website : |
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Factory
[SEZ WORKS] : |
Plot
No. 29 & 58, Surat Special Economic Zone, Sachin – 394230, District Surat |
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Tel.
No.: |
91-261-2398411/19 |
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Fax
No.: |
91-261-2398411/19 |
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Marketing Office : |
48,
New York Tower – 1, Near Thaltej Cross Road, S. G. Highway, Ahmedabad –
380054, Gujarat |
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Branch Office : |
Sahajanand
House, 5, Krishnakunj Society, Opposite Sadhna School, Varachha Road, Surat,
Gujarat, India. Phone
: 91-261-2568447 – 48 8,
Orchid Plaza, R. T. Road, Behind Moviegem Theater, Dahiser (East), Mumbai -
400 061 Phone
: +91-22-55765408 |
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:: UK OFFICE :: Unit 2, Kingsbury Works Estate Off Kingsbury Road kingsbury, London NW9 8UP Tele : 0044 (0)208 201 3881 Fax : 0044 (0)208 201 3882 E-mail : kanti@sahajanandlaser.com :: USA OFFICE :: Sahajanand Laser Technology USA Inc. 1501, W Shady Grove Road Grand Prairie TX 75050 DALLAS, TEXAS, USA. Tele : 001 972 790 7610 Fax : 001 972 786 3135 |
DIRECTORS
|
Name : |
Mr.
Arvind Lavji Patel |
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Designation : |
Director |
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Address : |
Plot –
4, Manichandra Society, Part – I, Thaltej, Ahmedabad – 380054, Gujarat |
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Date of Birth/Age : |
07.08.1958 |
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Date of Appointment : |
23.04.2002 |
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Name : |
Mr.
Dinesh Lavji Patel |
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Designation : |
Director
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Address : |
17,
Vitthalnagar Society Camp Road, Shahibaug, Ahmedabad – 380004, Gujarat |
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Date of Birth/Age : |
13.08.1968 |
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Date of Appointment : |
23.04.2002 |
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Name : |
Mr.
Lavji Pragji Patel |
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Designation : |
Director
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Address : |
17,
Vitthalnagar Society Camp Road, Shahibaug, Ahmedabad – 380004, Gujarat |
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Date of Birth/Age : |
23.10.1936 |
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Date of Appointment : |
23.04.2002 |
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Name : |
Mr.
Hasmukh Ratansi Patel |
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Designation : |
Director
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Address : |
39,
Bhagwat Bunglow, Opposite Sola Vidhyapith, Sola Ghatlodiya, Ahmedabad,
Gujarat |
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Date of Birth/Age : |
29.09.1964 |
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Date of Appointment : |
15.04.2004 |
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Name : |
Ms.
Anita Anil Joshi |
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Designation : |
Director
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Address : |
8,
Kailash Apartment, 9, Dhanlaxmi Society, Maninagar, Ahmedabad – 380008,
Gujarat |
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Date of Birth/Age : |
26.08.1980 |
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Date of Appointment : |
13.01.2005 |
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Name
: |
Mr. Kanti
Ramji Pindoria |
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Designation
: |
Director
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Address
: |
55,
Church Lane, Kingsbury, London, NW98ET, London, Great Britain |
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Date
of Birth/Age : |
05.06.1962 |
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PAN
No. : |
00433455 |
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Income
– tax Pan No. : |
ANAPP8662J |
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Date
of Appointment : |
13.06.2006 |
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Name
: |
Mr.
Dhirajlal Jerambhai Babaria |
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Designation
: |
Director
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Address
: |
435,
Shady Lane, South Lake, Texas – 76092, United States |
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Date
of Birth/Age : |
10.03.1949 |
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PAN
No. : |
00358654 |
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Passport
No. : |
15488051 |
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Date
of Appointment : |
15.05.2006 |
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Name
: |
Mr.
Ashwin Jerabhai Babaria |
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Designation
: |
Director
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Address
: |
435,
Shady Lane, South Lake, Texas – 76092, United States |
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Date
of Birth/Age : |
01.06.1963 |
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PAN
No. : |
00359466 |
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Date
of Appointment : |
15.05.2006 |
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Name
: |
Mr.
Nilesh Rajanikant Desai |
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Designation
: |
Director |
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Address
: |
1,
Manekbag Society, S. M. Road, Ahmedabad – 380015, Gujarat |
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Date
of Birth/Age : |
06.07.1960 |
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PAN
No. : |
00359542 |
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Income
– tax Pan No. : |
ACMPD1404F |
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Date
of Appointment : |
15.05.2006 |
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Passport
No. : |
E1047837 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Arvindbhai Lavjibhai Patel |
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2700000 |
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Mr.
Dineshbhai Lavjibhai Patel |
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150000 |
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Mr.
Lavjibhai Pragjibhai Patel |
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150000 |
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Ms.
Jyotsanaben Arvindbhai Patel |
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150000 |
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Ms.
Rekhaben Dineshbhai Patel |
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150000 |
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Mr.
Dhirajlal J. Babaria |
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850000 |
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Mr.
Ashwinbhai J. Babria |
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850000 |
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TOTAL |
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5000000 |
BUSINESS DETAILS
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Line of Business : |
Manufacture and sale of different kinds
of CNC laser machines and laser marking machines. |
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Products : |
Ø CNC laser cutting machine Ø CNC plasma / gas cutting machine Ø CNC laser marking machine Ø CNC laser diamond cutting machine Ø CNC turret punch press machine Ø CNC engraving machine Ø CNC wood router machine Ø CNC PCB drilling machine Ø CNC dot-matrix marking machine Ø CNC Micropositioners |
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Exports to : |
USA, Bangkok, China, Israel, Bangladesh,
Dubai |
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Imports from : |
Switzerland, UK, Germany, Europe and USA
[Components and spares like head, lamps, rods, etc] |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C
[90 days] |
PRODUCTION
STATUS
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Particulars |
Unit |
Actual Production |
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Laser Machines |
Nos. |
178 |
GENERAL
INFORMATION
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Suppliers : |
Ø Cambridge Technology Inc., USA Ø TJS Inc., USA Ø Cascade Laser Corporation, Los Angels, USA Ø Quantronix Corporation, USA Ø BC Electronics Inc. Ø Dynaco Corporation, USA Ø Acuity Research Inc., USA Ø PRC Corporation, USA Ø Rodenstock Precision Optics, Germany Ø IPG Laser, Germany Ø Projectina, Switzerland Ø Ophir Optronics, Israel |
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Customers : |
Ø Res Photovaltaic Limited, Hyderabad, Andhra Pradesh Ø E.C.I.L., Hyderabad, Andhra Pradesh Ø Miranda Tools, Ankleshwar, Gujarat Ø Phillips India Limited, Pune, Maharashtra Ø ATIRA, Ahmedabad, Gujarat Ø Tata Iron & Steel Company Limited, Kharagpur, Madhya Pradesh Ø Perfect Circle, Nasik, Maharashtra Ø Nityanand Engravers, Rajkot, Rajasthan Ø Addison Tools, Chennai, Tamilnadu Ø National Process, Ahmedabad, Gujarat Ø Paddhary Wood Works (Ajanta Clocks), Rajkot, Rajasthan Ø Cummins Limited, Pune, Maharashtra Ø Impex Electronics Private Limited, Gandhinagar, Gujarat Ø Birla Kennametals, Aurangabad, Maharashtra Ø Shri Ram Piston & Rings Limited, Ghaziabad, Uttar Pradesh Ø Royal Touch Funiture, Rajkot, Rajasthan Ø ITI Limited, Mankapur, Uttar Pradesh Ø Sachitanand Precision Tooling Centre, Bangalore, Karnataka Ø Laser Lab, Delhi Ø Shiv Laser Tech, Baroda, Gujarat Ø IP Rings Limited, Chennai, Tamilnadu Ø Space Application Centre (SAC), ISRO, Ahmedabad, Gujarat Ø Wendt India Limited, Hosur, Tamilnadu Ø Bharat Heavy Electricals Limited, Bhopal, Madhya Pradesh Ø Ajanta Clocks, Paddhari, Himachal Pradesh Ø Classic Industries, Ahmedabad, Gujarat Ø Gold Welding Machine : Goldium International, Mumbai Ø Birla Canameter Ø HPL Limited Ø B C Components India Limited, Pune, Maharashtra Ø Perfect Circle Victor Limited - Now Known As Perfect Circle India Limited Ø Websel SL Energy Systems Limited Ø Jadavpur University, Kolkata, West Bengal Ø Gujarat Gold Centre, Rakhial, Ahmedabad, Gujarat |
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Bankers : |
State
Bank of India Specialised
Commercial Branch, Near Gandhigram Station, Ashram Road, Ahmedabad |
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Facilities : |
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Banking Relations : |
Satisfactory
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Auditors : |
Mukesh
K. Ajbani & Company Chartered
Accountants, 24,
Embassy Market, Near Dinesh Hall, Ashram Road, Ahmedabad – 380009, Gujarat |
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Associates : |
Ø Sahajanand Software Private Limited Incorporated in the year 2001 Engaged in software development and export Ø Sahajanand Laser Technology Ø Sahajanand Enterprise Ø Shreeji Services Ø Sahajanand Technocrats |
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Ø
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CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity
Shares |
Rs. 10/- each |
Rs. 50.000 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 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
50.000 |
50.000 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
50.327 |
23.858 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
100.327 |
73.858 |
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LOAN FUNDS |
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1] Secured Loans |
|
48.654 |
9.979 |
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2] Unsecured Loans |
|
0.000 |
0.002 |
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TOTAL BORROWING |
|
48.654 |
9.981 |
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DEFERRED TAX LIABILITIES |
|
0.817 |
0.377 |
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TOTAL |
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149.798 |
84.216 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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36.376 |
26.360 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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54.546 |
25.268 |
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Sundry Debtors |
|
75.350 |
59.268 |
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Cash & Bank Balances |
|
34.605 |
8.815 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
17.992 |
11.496 |
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Total Current Assets |
|
182.493 |
104.847 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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|
|
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|
Current Liabilities & Provisions |
|
69.141 |
47.096 |
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Total Current Liabilities |
|
69.141 |
47.096 |
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Net Current Assets |
|
113.352 |
57.751 |
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MISCELLANEOUS EXPENSES |
|
0.070 |
0.105 |
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TOTAL |
|
149.798 |
84.216 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
204.132 |
182.739 |
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|
|
|
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Profit/(Loss)
Before Tax |
|
28.909 |
21.246 |
|
Provision
for Taxation |
|
2.440 |
0.502 |
|
Profit/(Loss)
After Tax |
|
26.469 |
20.744 |
|
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Export
Value |
|
10.421 |
9.911 |
|
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Import
Value |
|
92.450 |
41.022 |
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Total
Expenditure |
|
175.222 |
161.493 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
12.96 |
11.35 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
14.16 |
11.62 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
13.20 |
16.19 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
0.28 |
0.28 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
|
1.17 |
0.77 |
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Current
Ratio (Current
Asset/Current Liability) |
|
|
2.63 |
2.22 |
LOCAL AGENCY
FURTHER INFORMATION
OPERATIONS
During
the year under report, the company achieved turnover of Rs. 206.695 millions
during this year as against Rs. 195.892 millions [including Rs. 69.211 millions
inter-unit transfer giving net sales of Rs. 126.681 millions] in the previous
year, registering growth about 63.16% along with volume growth.
In
cutthroat competitive environment in the market, the company has created a
strong foundation with the help and support of technology to compete
effectively and efficiently with others.
OUTLOOK
It is a
great pleasure that the company has scaled the growth as compared to last
year. Looking to the overall growth of
the industry, product potentiality and technology, the company expects very
good bright prospectus in near future.
FIXED
ASSETS
v
Lease
Hold Land
v
Factory
Building
v
Plant
and machinery
v
Electrical
Installation
v
Electric
Fitting & Fixtures
v
Furniture
& Fixtures
v
Computer
v
Vehicle
v
Office
Equipment
v
Equipments
|
Name of the company |
SHREEJI LASER TECHNOLOGY PRIVATE LIMITED |
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Presented By |
Mr. Dinesh L Patel, Director |
|
1) Date and description of instrument creating the change |
03.07.2003. Memorandum of entry to create a joint equitable mortgage |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 20 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 land plot no. E – 30, Industrial area, GIDC, Sector – 26, Gandhinagar. With intent to create a joint equitable mortgage of all building structure, plant and machinery fixed and now standing thereon or hereafter to be erected or brought thereon. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The limit covered are as under Rs. In Millions Demand Cash Credit Hypo of stock and book debts 10 Letter of credit 10 Bank guarantee limit 2.500 Total limit 20.000 Interest as per credit rating SB – 3 Margin money 25% on raw material 40% on stock in process 40% on finished goods 50% on receivable [cover period 120 days] |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of India, specialised commercial branch near Gandhigram Railway Station, Ashram Road, Ahmedabad |
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6) Date and brief description of instrument modifying the charge |
27.05.2004. Deed of extension of charge by executing a memorandum of entry to create a joint equitable mortgage |
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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. |
Overseas limit increased from Rs. 20 millions to Rs. 29 millions |
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Name of the company |
SHREEJI LASER TECHNOLOGY PRIVATE LIMITED |
|
Presented By |
Mr. Arvindbhai L. Patel, Director |
|
1) Date and description of instrument creating the change |
27.03.2003 Agreement of loan for overall limits dated 27.03.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 20 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 |
Hypothecation of goods, receivables, movables, plant and machinery of the company |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Hypothecation of goods, receivables, movables, plant and machinery of the company Details of credit facilities Rs. in millions Cash credit [hypo of stocks & Book debts] 10 Letter of credit 10 Bank guarantee [-2.500] Total 20 Margins : @ 25% on raw materials @ 40% on stock in process @ 40% on finished goods @ 50% on receivables @ 25% on letter of credit |
|
5) Name and Address and description of the person entitled to the charge. |
Assistant General Manager State Bank of India, Specialised Commercial Branch, Near Gandhigram Station, Ahmedabad – 380006 |
|
6) Date and brief description of instrument modifying the charge |
14.05.2005 Supplemental general agreement and hypo of goods book debts and other assets dated 14.05.2005 along with others supplemental agreements of even date |
|
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. |
Original charge was created by the company by executing deed of hypo dated 27.03.2003 and modified subsequently on 24.05.2004 and more particulars given in annexure attached herewith forming a part of this form |
|
Name of the company |
SHREEJI LASER TECHNOLOGY PRIVATE LIMITED |
|
Presented By |
Mr. L. P. Patel, Director |
|
1) Date and description of instrument creating the change |
20.03.2003 Agreement of loan for overall limits dated 20.03.2003 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 20 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 |
Hypothecation of goods, receivables, movables, plant and machinery of the company |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Hypothecation of goods, receivables, movables, plant and machinery of the company Details of credit facilities Rs. in millions Cash credit [hypo of stocks & Book debts] 10 Letter of credit 10 Bank guarantee [-2.500] Total 20 Margins : @ 25% on raw materials @ 40% on stock in process @ 40% on finished goods @ 50% on receivables @ 25% on letter of credit other terms and conditions as per sanction letter attached herewith |
|
5) Name and Address and description of the person entitled to the charge. |
Assistant General Manager State Bank of India, Specialised Commercial Branch, Near Gandhigram Station, Ahmedabad – 380006 |
|
6) Date and brief description of instrument modifying the charge |
14.05.2005 Supplemental general agreement and hypo of goods book debts and other assets |
|
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 overall limit is increased from Rs. 20 millions to Rs. 29 millions |
|
Name of the company |
SHREEJI LASER TECHNOLOGY PRIVATE LIMITED |
|
Presented By |
Mr. Arvind L. Patel, Director |
|
1) Date and description of instrument creating the change |
03.07.2003. Memorandum of entry to create a joint equitable mortgage |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 20 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 |
Immovable land plot no. E – 30, Industrial area, GIDC, Sector – 26, Gandhinagar. With intent to create a joint equitable mortgage of all building structure, plant and machinery fixed and now standing thereon or hereafter to be erected or brought thereon. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The limit covered are as under Rs. In Millions Demand Cash Credit Hypo of stock and book debts 10 Letter of credit 10 Bank guarantee limit 2.500 Total limit 20.000 Interest as per credit rating SB – 3 Margin money 25% on raw material 40% on stock in process 40% on finished goods 50% on receivable [cover period 120 days] |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of India, specialised commercial branch near Gandhigram Railway Station, Ashram Road, Ahmedabad |
|
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 |
WEBSITE
DETAILS ATTACHED
SAHAJANAND LASER TECHNOLOGY offers total
solutions for a wide range of laser systems for various industrial applications
such as: Cutting, Marking, Micro machining, Solar cell cutting etc. They also
manufacture CNC linear (X,Y, Z) and rotary positioning systems for inspection
and automation purpose.
Foundation of SAHAJANAND LASER TECHNOLOGY had been laid in 1989 as
“Sahajanand Electronics” by manufacturing textile controls & automation
thereof. In 1990, Company had opened Job Center for Diamond Processing and thus
introduced itself into laser field. In 1991, it was converted in “Sahajanand
Laser Mechanic” and started to manufacture laser systems for diamond
processing. Very next year, it started to work as “Sahajanand Laser
Technology”.
In 1994, at IMTEX, they introduced Laser system for marking while in the
1996, they entered in field of CO2 Laser System for cutting application. In
1997, introduced first high-power CO2 laser system for sheet metal cutting.
Simultaneously, they supplied SPM systems like Laser welding, medical systems
for surgical application.
After a decade of LASER journey, they are proud to introduce ourselves,
SAHAJANAND LASER TECHNOLOGY, as a special purpose machine-manufacturing group
of LASER systems in India. They are specialized in exclusive designing,
developing, manufacturing, marketing and servicing sophisticated laser systems
and CNC industrial machineries.
They are continuously doing R&D activities and as a result of which
they have developed indigenous laser based production range. They have 80%
market share of laser marking systems in India and in addition, they have
supplied more than 600 laser systems for diamond processing application.
After nuclear test “Pokhran-2”, U.S.A. sanctions were imposed on India
for technological deal; particularly for their Defense and Space programs. At
that time, they supplied high-power CO2 laser system to their defense sector Ordnance Factory, Dumdum and
thus have shown their patriotic spirit.
In 70’s, India was importing laser systems from Israel but now; they
export such machines to Israel and other countries such as Thailand, Srilanka,
U.S.A., Russia, U.A.E., South Africa, Namibia & Armenia.
It is the commitment of SAHAJANAND LASER TECHNOLOGY to provide hi-tech advance
processing solution at lower cost to the potential customers of all industrial
segments with company’s multi-disciplinary & multi-functional
brains-hearts-hands working cohesively. The synergy created through integral
working of Laser Specialists, Application Engineers, Diamond experts, Software
Specialists, Electronics & Mechanical engineers and Techno-commercial
personnel, results in simplicity, reliability and cost-effectiveness with
higher productivity.
Vision ::
It shall be their endeavor to be the top most company globally in the highly
sophisticated technical products and services, globally in the new millennium
by achieving supreme quality in all that they do proactively by effective
involvement of each and every member of Sahajanand family to delight ourselves
and their esteemed customers.
Mission ::
It is their mission to bring innovative products to their customers with
on-time delivery, technical expertise to provide total customer satisfaction
and to improve customer service continuously.
Strength ::
High level technology business is being boosted by committed - highly motivated
& hard working staff. Lean manufacturing process, ability to respond market
need promptly, competitive price – all are strengthened by their in-house
R&D center.
The company
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.
Arvind Patel
Managing Director
Dinesh Patel
Executive Director
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
their 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 them ample experience to understand and provide the right kind of
solutions for their customers. Their Laser Marking Machines and CNC systems for
diamond industry are developed and backed by in-house software research and
development.
They develop, design and integrate automation with their standard laser system.
Their 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 their customers. They also train their client’s
operators and provide adequate spares with efficient after-sales services.
Last year they sold over 20 laser marking systems taking their tally to 50 so
far. They have already supplied over 600 systems in the diamond sector similar
to Nd: YAG laser marking systems.
They have exported their laser systems and CNC solutions to Russia, Thailand, Sri Lanka and Israel.
They look forward to making inroads in other countries within a short time to
attain their vision of global leadership.
Their technically qualified manpower is competent enough to provide excellent
after-sales services and Annual Maintenance Services to all their customers.
They maintain floating stocks of spares as they are aware the industries are in
a 24x7x365 operation mode to ensure uninterrupted production for their 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.
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 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.44.64 |
|
UK
Pound |
1 |
Rs.86.51 |
|
Euro |
1 |
Rs.58.62 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|