MIRA
INFORM REPORT
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Report Date : |
05.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
JYOTI
TEST HOUSE |
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Registered Office : |
B-1/111,
Sector -11, Faridabad – 121006, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Traders,
Distributors and Importers of Gauges, Receiving Gauges, Dies & Jig
Fixtures, Wind Turbine Ventilation, Mechanical Instruments and Ferrous / Non
– Ferrous Testing. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small
Concern |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a relatively small concern having satisfactory track. Proprietor is reported as experienced and
respectable businessman. Trade
relations are fair. Business is
active. Payments are reported as
usually correct and as per commitments. The
concern can be considered for small to mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/ Factory : |
B-1/111,
Sector -11, Faridabad – 121006, Haryana, India |
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Tel. No.: |
91-129-4008795 |
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Mobile No.: |
91-9410260558 |
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Fax No.: |
91-129-4008795 |
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E-Mail : |
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Area : |
500
sq. ft. |
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Location : |
Owned
[At basement] |
SOLE PROPRIETOR
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Name : |
Mr. T.
R. Nagar |
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Designation : |
Sole
Proprietor |
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Address : |
B-1/111,
Sector -11, Faridabad – 121006, Haryana, India |
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Date of Birth/Age : |
49
years |
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Qualification : |
Graduate
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Experience : |
10
years |
BUSINESS DETAILS
|
Line of Business : |
Traders,
Distributors and Importers of Gauges, Receiving Gauges, Dies & Jig
Fixtures, Wind Turbine Ventilation, Mechanical Instruments and Ferrous / Non
– Ferrous Testing. |
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Terms : |
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Selling : |
L/C,
Cash and Credit [30 days] |
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Purchasing : |
L/C,
Cash, Sight and Credit [30 days] |
GENERAL
INFORMATION
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Customers : |
Manufacturers,
Wholesalers, Retailers and End Users |
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No. of Employees : |
11 |
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Bankers : |
ICICI
Bank Nehru
Ground, Faridabad |
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Banking Relations : |
Satisfactory
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CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
0.200 million |
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Borrowed : |
-- |
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Total : |
Rs.
0.200 million |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
1.000 |
1.025 |
1.020 |
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Net Profit |
0.300 |
0.350 |
0.200 |
Projected
Turnover for March, 2007 is Rs. 2.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade
Reference :
Ř
Flex
Industries Limited, Noida
Ř
Marshall
Casting, Faridabad
Ř
Escort
Hericon Limited
In the field of gauges, dies and fixtures, 'Jyoti Test House' has a good
image of quality manufacturer, supplying international quality of products.
Their gamut of products includes Special Gauges, STD Gauges, Receiving Gauges,
Dies & Jig Fixtures, Wind Turbine Ventilation, Mechanical Instruments and
Ferrous/Non-Ferrous Testing. The company was incorporated in the year 1992 with
a vision to do quality work and get positive results. They have a huge network
of clients all over the country. Strong network, effective communication and
hi-tech machines are some of the features that make them highly competitive
amongst their peers. The range of products manufactured by them are of supreme
quality and have the capacity to give maximum output. With their range of
gauges, dies and fixtures, the Indian industry had a boom in the form of highly
economical mechanical options available. This has lead to a dramatical downfall
in the cost of production and amazing growth in the production capacity.
Their complete gamut of products includes, Special Gauges, STD Gauges,
Receiving Gauges, Dies & Jig Fixtures, Wind Turbine Ventilation, Mechanical
Instruments and Ferrous/Non-Ferrous Testing. Their range of gauges are
sophisticated but highly user friendly and extremely time-saving. While
manufacturing products, they minutely check each and every feature. As far as
performance is concerned, their gauges, dies and fixtures can be operated round
the clock without any trouble and give maximum output with hassle free performance.
WIND TURBINE VENTILATOR DEVICE
INTRODUCTION
Circulation of fresh air in shop floor area is essential, energies work
efficiency, create dust free atmosphere and equalize ambient temperature, which
is quite effective in any industry as fresh air energies the shop floor area
and personnel working in the shop. Beside increasing the Productivity due to
good energy level of Personnel, it also saves big amount of money consumed on
electricity, safety of building, machinery, Instrument by providing dampness
free, heat free and dust free environment year after year.
Wind Turbine Ventilation Device (WTVD) is a multi purpose and unique
device to provide best environment for the men, machine and material. It
exhausts approximately 940 C.F.M. (Cubic Feet/Min.) air outside and will run
continuously without any maintenance.
How WTVD works
A well and unique design of WTVD enable the device to take advantage of
atmospheric air/wind to give non stop performance year after year. The unique
design of the WTVD creates low pressure Zone on the bottom side of the Turbine,
When wind approaches and strikes the ventilator. This low pressure zone is fed
up by drawing air & causing a continuous extraction of air from the
building. WTVD will work and exhaust in the absence of wind using thermal
currents developed with in the work place.
WHY WTVD – NOT OPENING
Wind can blow into opening which will oppose the exhaust of hot air or
smoke from the building.
Back draft restricts exhaust of air from building which restricts air movement
in the buildings.
Dampness is trapped with in the building in winters as moisture Laden
air rises and condenses in roof space.
Dampness is harmful for men, machines and material. Heat is Trapped in
the building as heat radians enters building from roof Space.
COMPARATIVE CHART
|
S. No. |
Index |
Turbine
Ventilation Device(TVD) |
Electrical Exhaust |
|
1 |
Electrical Consumption |
No. Need of Electricity |
0.5 KW/ hr. |
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2 |
Maintenance |
No. Need of Maintenance |
Maintenance required after a time of interval |
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3 |
Running |
Runs 7 X 24 Hrs. without rest |
Limited running. Rest required for cooling of device |
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4 |
Energy Saving* |
Can save up to Rs. 0.017 millions Per Year |
Consume upto Rs. 0.017 millions Per. Year |
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5 |
Fitting |
Mounted top of the roof exhaust effectively |
Only mounted on the wall |
BENEFITS
Runs without Electricity on free wind power.
Installation on roof top ensures uniform ventilation.
Reduction in maintenance of Plant, machines and rusting of raw material
by reduction in humidity level.
Healthy atmospheric condition with in the workplace, increases
efficiency of personnel and therefore productivity of the industry.
Eco friendly.
No maintenance of the device required, runs year after year.
Increase in the life of roofing sheets.
Made from rust resistant raw material for out door performance.
Can be mounted any where at any height without any provision of
electricity.
Excellent protection against rain.
Considering large benefits of healthy atmospheric conditions, increased
productivity, Zero power and maintenance cost, increased life of Plant and
machinery. There is no hesitation to place them the valued offers.
In today's world of tough competition, they are successfully coping with
the increasing pressure of stable success. This has been possible due to their
well-versed knowledge and vast experience of the field. The basic strategy of
their unit is that by maintaining the standard of quality, they can rule the
hearts of clients. The overall aim is to supply international quality of
gauges. In the fast changing technology, a product soon gets obsolete. Keeping
this in mind, they manufacture their range of products as per the changing
industrial scenario with further improvements required with time.
The vision is straight and simple – “to achieve targets within set
parameters.” They have a simple goal of developing stable relations with their
customers and become the most preferred choice of the market. As a professional
manufacturer, they know their duties and responsibilities towards their
customers and their entire team is committed to perform their duties with full
sincerity. Improved quality, enhanced features, consistent performance,
supportive customer care and competitive prices are the highlighting features
of their company.
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.44.30 |
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UK
Pound |
1 |
Rs.85.83 |
|
Euro |
1 |
Rs.57.92 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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32 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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