MIRA
INFORM REPORT
|
Report Date : |
22.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
JAS
ENTERPRISES |
|
|
|
|
Registered Office : |
60,
Shreenathji Estate, Near Soni Ni Chawal, Panna Estate Road, Behind BOC Gases,
Rakhil, Ahmedabad – 380023, Gujarat, India |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
JLDJ01219B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
ADEPC0768J |
|
|
|
|
Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Manufacturers
and Exporters of Food Processing machines like pulverises, Pulverizing
Equipments, Impact Pulverizes, Hammer Mill, Floor Mill, Maize Mill, Grinder,
Crusher, Pounding Machine, Needle Making Machine and Vermicelli machines etc,
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
40000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
correct |
|
|
|
|
Litigation : |
Clear |
|
|
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|
Comments : |
Subject
is a well established concern having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. This
report was based on an interview with Mr Pavan Seth. |
LOCATIONS
|
Registered Office / Factory
: |
60,
Shreenathji Estate, Near Soni Ni Chwal, Panna Estate Road, Behind BOC Gases,
Rakhil, Ahmedabad – 380023, Gujarat, India |
|
Tel. No.: |
91-79-22743454 |
|
Mobile No.: |
91-9426088680
/ 9825052735 / 9426180142 |
|
Fax No.: |
91-79-22745062 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000
sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory
/ Godown : |
60,
Shreenathji Estate, Near Soni Ni Chwal, Panna Estate Road, Behind BOC Gases,
Rakhil, Ahmedabad – 380023, Gujarat, India |
|
Tel. No.: |
91-79-22743454 |
|
Mobile No.: |
91-9426088680
/ 9825052735 / 9426180142 |
|
Fax No.: |
91-79-22745062 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
50,000
sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branches
: |
4/B, |
|
Tel.
No.: |
91-79-22745062 |
|
Mobile
No.: |
91-9426088680
/ 9825052735 / 9426180142 |
|
Fax
No. : |
91-79-22743454 |
PARTNERS
|
Name : |
Mr. S.
M. Sheth |
|
Designation : |
Partner
|
|
Address : |
S-31, |
|
Mobile No. : |
91-9426180142 |
|
|
|
|
Name : |
Mr.
Jigar Sheth |
|
Designation : |
Partner
|
|
Address : |
S-31, |
|
Mobile No. : |
91-9426088680 |
|
|
|
|
Name : |
Mr.
Pavan Sheth |
|
Designation : |
Partner
|
|
Address : |
S-31, |
|
Mobile No. : |
91-9426088680 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Exporters of Food Processing machines like pulverises, Pulverizing
Equipments, Impact Pulverizes, Hammer Mill, Floor Mill, Maize Mill, Grinder,
Crusher, Pounding Machine, Needle Making Machine and Vermicelli machines etc,
|
|
|
|
|
Products : |
Size reduction equipments v
Mini pulverizer with water circulating system v
Commercial Wet
and dry Grinder v
Cashew nut,
pistachio, almonds cutting machine v
Pistachio,
Almonds chips cutting machine Food processing machine & equipments v
Tw-777 & tw-778 Saviya making machine v
Semi automatic papad making machine with kneeder & extruder v
Pani puri Goal Gappa making machine |
|
|
|
|
Exports to : |
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|
|
|
|
Imports from : |
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|
|
|
|
Terms : |
|
|
Selling : |
L/C,
Cash and 60 days Credit |
|
|
|
|
Purchasing : |
L/C,
Cash and 60 days Credit |
GENERAL INFORMATION
|
No. of Employees : |
45 |
|
|
|
|
Bankers : |
Central
Bank of |
|
|
|
|
Facilities : |
Credit
Limits : Rs. 5.000 Millions |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
10.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
10.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
(Expected) 31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
90.000 |
100.000 |
|
|
|
|
|
|
Gross Profit |
|
10% |
10 % |
|
|
|
|
|
|
Net Profit |
|
5% |
5 % |
|
|
|
|
|
|
Export Value |
|
70.000 |
80.000 |
|
|
|
|
|
|
Import Value |
|
40.000 |
50.000 |
Average
stock maintained : Rs. 5.000 millions p.
m.
LOCAL AGENCY FURTHER INFORMATION
As Per
Website
Company Profile
The recent merger of Jas enterprises and Techno Agencies combines the
experience and knowledge of two companies with over 15 years of manufacturing
expertise in the field of size reduction equipment & food processing
machinery & equipments.
Equipment manufactured by Jas
Enterprise can be found throughout the national & international in
virtually all markets. Typical customers include those involved in food,
pharmaceutical, mining, glass, and ceramic, agricultural, recycling, wood,
cattle feed, and dry chemical industries. They manufacture equipment in sizes
ranging from laboratory scale to heavy-duty industrial models.
At Jas Enterprise they take
great pride in their ability to custom tailor equipment to meet the exact specifications
of the client. By design modifications they produce equipment that can perform
multiple functions including grinding, pulverizing.
Commitments
Major contribution for supplying Pulverisers, pulverizing equipments, impact
pulverizes, hammer mill, floor mill, maize mill, grinder, crusher, pounding
machine, noodle making machine, vermicelli machine, semi & fully automatic
papad making machine, size reduction equipments in major industries, hotels,
cottage, laboratory, domestic etc. across India, through co ordination with
their reputed dealer network, They strictly follow defined quality objectives
at all levels of controls of manufacturing process by us. Basic motto of Jas
Enterprise & Techno Agencies is to turn their knowledge in to value for benefits
of their all customers.
Company
To Do It Right First Time & Every Time.
Company Vision
The company has always been maintaining a pacesetter for the future times.
Companies’ main concentration is totally on the development of technical
support quality product for the customer at affordable price.
Total customer satisfaction through solutions.
Quality Objective
The basic objective of the company's team management is to get and supply only
those quality products, which can get the customer's necessary & essential
requirement as per international standards of performance, quality, &
reliability.
Growth
Strategy
With use of quality management system they achieve excellence in all business
operations. They are not only focusing on order fulfillment process but are
also promoting a continuous improvement of quality of their products. They
develop culture of self-confidence, best skill & resources to maintain its
competitive advantage. They not only provide customer satisfactions through
technology but also delivered real business benefits. Hence they exploit
technologies to maximize convenience of customers.
Free Test Services: -
Jas
Enterprise offers a free of charge test grinding facility to prove the
capabilities of their equipment on any given material. This testing allows
their knowledgeable engineering staff to select the proper mill size and mill
set-up so as to provide optimum performance on any given material.
Marketing,
Distribution & Service Network: -
Marketing strategies are also conducted from time to time. Company has a vide
dealer network in all majored developed, developing & undeveloped cities as
well as also district level with all developed states and developing state. The
company is also expanding activities with dealer in non represented area also,
at present they have dealer network in
Inspection:
1) Stage inspection carried prior to final testing
2) On successful completion of test, a check listing is carried out to check
all critical parameters / area/ components.
3) On successful check test, pilfer proof seal for dispatch is affixed.
Dispatches:
1. · Packing is done as per packing instructions
2. · Product is dispatched as per delivery schedule of customer.
Manufacturing stages are traceable up to
operator level for review of system in case of any field failure reports.
Incoming materials are subjected to inspection and test reports records are
retained for future use.
Major components are traceable up to origin for review of purchase policy.
Major Products
Auto / Semi Papad Plant, Pani
Puri Plant, Mini Dal, Mill, Dalia machine, Micro, Mini Impact Pulverizer, Multi
Chamber Pulverizer, Hammer Mill, Semi / Auto Chapattis machine, Vegetable
cutter, vermicelli Machine, noodle Machine, dry and wet pulverizer, postachio
processing machinery, juicer, chips, slices wafer plant.
Product Exported
Pulverisers, Pulverizing
Equipments, Impact Pulverizes, hammer Mill, Floor Mill, Maize Mill, Grinder,
Crusher, Pounding Machine, Noodle Making Machines, Vermicelli machine, Auto /
Semi Papad Plant, Vegetable cutter, Mini Pulse Mill, Dal Mill, Food Processing
Machine and Equipments.
The recent merger of Jas enterprises
and Techno Agencies combines the experience and knowledge of two companies with
over 15 years of manufacturing expertise in the field of size reduction
equipment & food processing machinery & equipments. Equipment
manufactured by Jas Enterprise can be found throughout the national &
international in virtually all markets. Typical customers include those
involved in food, pharmaceutical, mining, glass, and ceramic, agricultural,
recycling, wood, cattle feed, and dry chemical industries. They manufacture
equipment in sizes ranging from laboratory scale to heavy-duty industrial
models. At Jas Enterprise they take great pride in their ability to custom
tailor equipment to meet the exact specifications of the client. By design
modifications they produce equipment that can perform multiple functions
including grinding, pulverizing. Their Commitments Major contribution for
supplying Pulverisers, pulverizing equipments, impact pulverizes, hammer mill,
floor mill, maize mill, grinder, crusher, pounding machine, noodle making
machine, vermicelli machine, semi & fully automatic papad making machine,
size reduction equipments in major industries, hotels, cottage, laboratory,
domestic etc. across India, through co ordination with their reputed dealer
network, They strictly follow defined quality objectives at all levels of
controls of manufacturing process by us. Basic motto of Jas Enterprise &
Techno Agencies is to turn their knowledge in to value for benefits of their
all customers. The recent manger of Jas enterprises and Techno Agencies
combines the experience and knowledge of two companies with over 15 years of
manufacturing expertise in the field of size reduction equipment & food
processing machinery & equipments. Equipment manufactured by Jas Enterprise
can be found throughout the national & international in virtually all
markets. Typical customers include those involved in food, pharmaceutical,
mining, glass, and ceramic, agricultural, recycling, wood, cattle feed, and dry
chemical industries. They manufacture equipment in sizes ranging from
laboratory scale to heavy-duty industrial models. At Jas Enterprise they take
great pride in their ability to custom tailor equipment to meet the exact
specifications of the client. By design modifications they produce equipment
that can perform multiple functions including grinding, pulverizing. Their
Commitments Major contribution for supplying Pulverisers, pulverizing
equipments, impact pulverizes, hammer mill, floor mill, maize mill, grinder,
crusher, pounding machine, noodle making machine, vermicelli machine, semi
& fully automatic papad making machine, size reduction equipments in major
industries, hotels, cottage, laboratory, domestic etc. across India, through co
ordination with their reputed dealer network, They strictly follow defined
quality objectives at all levels of controls of manufacturing process by us.
Basic motto of Jas Enterprise & Techno Agencies is to turn their knowledge
in to value for benefits of their all customers. The recent manger of Jas enterprises
and Techno Agencies combines the experience and knowledge of two companies with
over 15 years of manufacturing expertise in the field of size reduction
equipment & food processing machinery & equipments. Equipment
manufactured by Jas Enterprise can be found throughout the national &
international in virtually all markets. Typical customers include those
involved in food, pharmaceutical, mining, glass, and ceramic, agricultural,
recycling, wood, cattle feed, and dry chemical industries. They manufacture equipment
in sizes ranging from laboratory scale to heavy-duty industrial models. At Jas
Enterprise they take great pride in their ability to custom tailor equipment to
meet the exact specifications of the client. By design modifications they
produce equipment that can perform multiple functions including grinding,
pulverizing. Their Commitments Major contribution for supplying Pulverisers,
pulverizing equipments, impact pulverizes, hammer mill, floor mill, maize mill,
grinder, crusher, pounding machine, noodle making machine, vermicelli machine,
semi & fully automatic papad making machine, size reduction equipments in
major industries, hotels, cottage, laboratory, domestic etc. across India,
through co ordination with their reputed dealer network, They strictly follow
defined quality objectives at all levels of controls of manufacturing process
by us. Basic motto of Jas Enterprise & Techno Agencies is to turn their
knowledge in to value for benefits of their all customers. The recent manger of
Jas enterprises and Techno Agencies combines the experience and knowledge of
two companies with over 15 years of manufacturing expertise in the field of
size reduction equipment & food processing machinery & equipments.
Equipment manufactured by Jas Enterprise can be found throughout the national
& international in virtually all markets. Typical customers include those
involved in food, pharmaceutical, mining, glass, and ceramic, agricultural,
recycling, wood, cattle feed, and dry chemical industries. They manufacture
equipment in sizes ranging from laboratory scale to heavy-duty industrial
models. At Jas Enterprise they take great pride in their ability to custom
tailor equipment to meet the exact specifications of the client. By design
modifications they produce equipment that can perform multiple functions
including grinding, pulverizing. Their Commitments Major contribution for
supplying Pulverisers, pulverizing equipments, impact pulverizes, hammer mill,
floor mill, maize mill, grinder, crusher, pounding machine, noodle making
machine, vermicelli machine, semi & fully automatic papad making machine,
size reduction equipments in major industries, hotels, cottage, laboratory,
domestic etc. across India, through co ordination with their reputed dealer
network, They strictly follow defined quality objectives at all levels of
controls of manufacturing process by us. Basic motto of Jas Enterprise &
Techno Agencies is to turn their knowledge in to value for benefits of their
all customers.
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts,
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. 44.21 |
|
|
1 |
Rs. 87.30 |
|
Euro |
1 |
Rs. 57.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING 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 |