MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
NEO TELE -TRONIX
PRIVATE LIMITED |
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Registered Office : |
6/7, Bijoygarh,
Kolkata-700032, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
31.01.1975 |
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Com. Reg. No.: |
21-29848 |
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CIN No.: [Company
Identification No.] |
U32109WB1975PTC02948 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALN01900D |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer of
Electrical Test and Measuring Instruments |
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 5000 |
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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 company having satisfactory track. Trade relations are fair.
General financial position is satisfactory. Payments are usually correct and
as per commitments. The company can be
considered good for normal business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
6/7, Bijoygarh,
Kolkata-700032, West Bengal, India |
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Tel. No.: |
91-33-24131549/
0936 |
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Fax No.: |
91-33-24131549 |
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E-Mail : |
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Website : |
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Location : |
Rented [750 sq.
ft.] |
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Head Office/ Factory/
Warehouse : |
117, Mishra Para
Road, Rajpur, Kolkata-7000149, West Bengal, India |
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Tel. No.: |
91-33-24773126/
2403 |
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Fax No.: |
91-33-24772403 |
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E-Mail : |
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Website : |
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Location : |
Owned [4000 sq.
ft.] |
DIRECTORS
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Name : |
Mr. Abhijit
Basuay |
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Designation : |
Managing
Director/ CEO |
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Address : |
6/7, Bijoygarh,
Kolkata-700032, West Bengal, India |
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Date of Birth/Age : |
11.06.1950 |
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Name : |
Mr. Arijit
Basuray |
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Designation : |
Technical
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
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No. of Shares |
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Mr. Arjun Roy
Chawdhury |
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120 |
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Mr. Arjun Basuray |
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2450 |
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Mr. Sumitabha
Basuray |
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160 |
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Mrs. Anjali Roy |
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80 |
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Late Prof. M. N.
Roy |
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200 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of
Electrical Test and Measuring Instruments |
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Products : |
1. Relay and Secondary Current Injection
Test Set Ø
Different
types of Relay Test Set Ø
Variable
Frequency Source to test Frequency
Relay Ø
Time
Interval Meter (1 and 3 channel) Ø
Phase
Shifting Transformer 2. Current Injection Set Ø
AC Primary
Current Injection Set Ø
DC High
Current Low Voltage Test Set 3. Test Sets for Transformer Ø
Oil Test Set Ø
Transformer
turns Ratio Meter Ø
Double
Frequency Double Voltage Test Set Ø
AC High
Voltage Test Set Ø
Transformer
Winding Resistance Meter Ø
Tan-delta
and Resistivity Test Set for Insulating Oil Ø
Micro-Ohm
Meter Ø
No Load and
Load loss Test Bench Ø
Capacitance
and Tan-delta Test Set for HV Equipment Ø
Partial
Discharge Test Set Ø
Impulse
Voltage Generator Ø
Insulation
Resistance cum Polarisation Index Test Kit 4. Test Sets for Motor Ø Surge Comparison Test Set Ø Capacitance and Tan-dalta Test Set for HV Equipment Ø
Millivolt
Drop Test Set Ø
Insulation
Resistance cum Polarisation Index Test Kit Ø
Motor Test Bench
for No Load Test 5. High Voltage Test Set Ø AC High Voltage Test Set Ø DC High Voltage Test Set Ø
Oil Test Set Ø
AC High
Voltage Breakdown Test Set Ø
AC and DC
Combined High Voltage Test Set Ø
Partial
Discharge Test Set Ø
Capacitance
and Tan-dalta Test Set for HV Equipment Ø
High Voltage
Vacuum Test Set Ø
AC High
Voltage Spark Tester for Cable Ø
Different
Electrode and High Voltage Test Jig 6. High Voltage Measuring System Ø AC and DC High Voltage Measuring Kit Ø PT Operated High Voltage AC Measuring Set Ø High Voltage Potential Divider Ø Sphere Gap Assembly for High Voltage Measurement and other applications Ø Hot Line Indicator 7. Instrument
Transformer and Swetchgear Test Set Ø Instrument Transformer (CT and PT) Test Set Ø Standard Instrument, CT and PT Ø Burden Box for CT and PT Ø CT Knee Point Excitation Test Set Ø CT Excitation Current cum Ac High Voltage Test Set Ø Partial Discharge Test Set Ø Time Interval Meter (1and 3 channel) Ø
Circuit
Breaker Analyser Ø
Micro-Ohm
Meter Ø
Millivolt
Drop Test Set Ø
High Voltage
Vacuum Test Set 8. Meter Test Bench Ø Phantom Load Test Set Ø
Kwh Meter
Test Bench, 1 Phase and 3 Phase Ø
Phase
Shifter 9. Cable Test Set Ø AC High Voltage Test Set Ø DC High Voltage Test Set Ø
Cable Fault
Locator Ø
Capacitance
and Tan-dalta Test Set for HV Equipment Ø Partial Discharge Test Set Ø
Micro-Ohm
Meter Ø
AC Current
Injection Set Ø
Millivolt
Drop Test Set Ø
High Voltage
Spark Tester Cable Laboratory
Equipment for Research and Development Ø
Surge Tester Ø
High Voltage
Regulated Power Supply Ø
Pinhole
Tester Ø
Power
Thyristor Test Jig Ø
Capacitor
Discharge Unit Ø
Impulse
Current Generator Miscellaneous
Product Range Ø
High Voltage
Generator for Electrostatic application Ø
Battery
Charger Ø
Isolation
Transformer Ø
Special type
of Transformers and Indicators Ø
X-ray
Transformers Ø Brazing Transformers |
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Exports : |
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Countries : |
Bangladesh,
Bhutan, Jenya and Nepal, Pakistan and Turkey |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Mainly buying from
Local Markets |
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Customers : |
Manufacturers and
Government Bodies Ø
ABB Limited Ø
Alsthom
India Limited Ø
Andrew Yule
and Company Limited Ø
Benares
Hindu University Ø
Bharat Heaby
Electricals Limited Ø
Bhilai Steel
Plant Ø
Birla Industrial
and Technology Museum Ø
BOC India
Limited Ø
Calcutta
University (Science College) Ø
Central
Power Research Institute Ø
CESC Limited Ø
Chhotanagpur
Rope Works Private Limited Ø
Damodar
Cements and Slag Limited Ø
Delhi
Electric Supply Undertaking Ø
Disergarh
Power Supply Company Limited Ø
Essar
Projects Limited Ø
Excide
Industries Limited Ø
Grasim
Industries Limited Ø
Hindustan
Copper Limited Ø
Hindustan
Petroleum Corporation Limited Ø
Indian
Association for the Cultivation of Science Ø
Indian
Oxygen Limited Ø
Indian
Railways Ø
Jadavpur
University Ø
Madhya
Pradesh Electricity Board Ø
Mahanadi
Coal Fields Limited Ø
Murshidabad
Zilla Parishad Ø
Nagarjuna
Fertislizers and Chemicals Limited Ø
National
Thermal Power Corporation Limited Ø
Nicco
Corporation Limited Ø
Orient Paper
and Industries Ø
Orissa State
Electricity Board Ø
Paradip Port
Trust Ø
Power
Engineering Training Society Ø
Power Grid
Corporation of India Limited Ø
Ramman Hydel
Projects Ø
Reliance
Energy Limited Ø
Saha
Institute of Nuclear Physics Ø
The Tata
Iron and Steel Company Limited Ø
Tata Metalics
Limited Ø
Tata
Projects Limited Ø
Usha Martin
Industries Ø
Vishakapatnam
Steel Plant Ø
West Bengal
State Electricity Board Ø
West Bengal
Power Development Corporation Limited Ø
Adex
Corporation Limited, Bangladesh Ø
Bengal Small
Transformer Project, Bhutan Ø
Electro Venture
Limited, Bangladesh Ø
Mariakani,
Kenya Ø
Meghna Meter
Industries, Bangladesh Ø
Mobati
Rolling Mills Limited Ø
Mudbhary and
Joshi Construction Private Limited, Nepal Ø
Mudbhary and
Joshi Trade Link Private Limited, Nepal Ø
R K
International, Nepal Ø Shakti Engineering Limited, Bangladesh |
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Bankers : |
United Bank of
India 16, Hemant Basy
Saranu (Formerly Old Court House Street), Kolkata-700001, West Bengal, India |
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Facilities : |
C/C Rs. 1.460 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
B. N. Sen &
Company Chartered
Accountants 8/2, Kiran Sankar
Roy Road, Kolkata-700001 |
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Address : |
91-33-22485553 |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.100/-each |
Rs.0.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3150 |
Equity Shares |
Rs.100/-each |
Rs.0.315 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Although, management assured to provide latest financials, so far not
received.
We have again remained Mr. S. Das [Accountant] for the same. If we get
the latest financials, it would be updated, soon.
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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Around 12.000 |
Around 9.700 |
Expected Sales (2007-08) : Around Rs. 15.000 Millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.315 |
0.315 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.714 |
0.684 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.029 |
0.999 |
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LOAN FUNDS |
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1] Secured Loans |
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1.518 |
1.193 |
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2] Unsecured Loans |
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0.015 |
0.065 |
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TOTAL BORROWING |
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1.533 |
1.258 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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2.562 |
2.257 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.183 |
1.337 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.607 |
0.305 |
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Sundry Debtors |
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3.005 |
1.933 |
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Cash & Bank Balances |
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0.004 |
0.005 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.507 |
0.879 |
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Total Current Assets |
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4.123 |
3.122 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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2.650 |
2.105 |
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Provisions |
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0.094 |
0.097 |
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Total Current Liabilities |
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2.744 |
2.202 |
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Net Current Assets |
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1.379 |
0.92 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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2.562 |
2.257 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
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7.185 |
706.299 |
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Profit/(Loss)
Before Tax |
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0.072 |
0.000 |
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Provision for
Taxation |
|
0.026 |
0.080 |
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Profit/(Loss)
After Tax |
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0.098 |
0.080 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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1.36 |
0.01 |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.00 |
0.00 |
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Return on Total
Assets (PBT/Total Assets} |
(%) |
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1.36 |
0.000 |
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Return on
Investment (ROI) (PBT/Networth) |
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0.07 |
0.000 |
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Debt Equity Ratio (Total
Liability/Networth) |
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4.16 |
3.46 |
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Current Ratio (Current
Asset/Current Liability) |
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1.50 |
1.42 |
LOCAL AGENCY
FURTHER INFORMATION
Web Site
Details:
They make products
in many of the industries, educational laboratories, particularly in places where
productive equipment for scientific applications are essential.
Today, Test and
Measuring Equipment are undeniable, for ensuring the safety and quality of
materials in every respect. They perform an indispensable role to enrich the
quality standards, thereby putting positive impact in every corner of our
lives. The good reputation of testing machinery is attributable to looking
forward technologies, which provide a firm foundation.
“NTPL” products
have the most pertinent features, performance and reliability to be used in
different working conditions all at the lowest possible price.
Apart from
providing after sales and service, customer also get technical support to avail
of the maximum implementation of their product.
To optimise the
systems as per their customer’s needs, their quest for finest technology has
accounted to expand the spectrum of their product range, its related
technology, thereby strengthening the in- house R & D division.
Prof. M. N. Roy,
founder of this organisation was an eminent Applied Physicist. In his early
career he pioneered design and manufacturing of transformer in India. Later he
joined the department of Applied Physics Calcutta University and gradually
opened new dimensions in teaching Electrical Technology and Control
Engineering. Throughout his life he encouraged his students to practice
innovative engineering.
In the year 1976,
after his retirement he founded NEO TELE- TRONIX PRIVATE LIMITED, better known
as NTPL which has now established itself as a leading manufacturer of
Electrical and Electronic Test and Measuring Equipment.
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.39.32 |
|
UK Pound |
1 |
Rs.81.82 |
|
Euro |
1 |
Rs.56.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--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. |
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 |
|