MIRA
INFORM REPORT
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Report Date : |
16.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
JUPITER
ELECTRONICS |
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Registered
Office : |
G – 414 Kailash Industrial Complex,
Vikhroli Park Side Road, Off L. B. S. Marg, Behind Godrej Colony, Vikhroli
(West), Mumbai – 400 079, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
1989 |
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Legal Form : |
Sole Proprietory
concern |
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Line of
Business : |
Subject acts as
manufacturers, agents and distributors of Sensors and Transmitters (Pressure,
Humidity and Temperature, Vibration and Air Velocity). |
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 3120 |
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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 an
established concern having satisfactory track. Trade relations are fair.
Payments are usually correct & as per commitments. The concern can be
considered normal for business dealings at usual trade terms & conditions
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LOCATIONS
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Registered
Office : |
G – 414-416, Kailash Industrial Complex,
Vikhroli Park Side Road, Off L. B. S. Marg, Behind Godrej Colony, Vikhroli
(West), Mumbai – 400 079, Maharashtra, India |
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Tel. No.: |
91-22-25185474 /
25170795 / 67551606 |
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Fax No.: |
91-22-25170867 |
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E-Mail : |
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Website : |
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Area |
850 Sq. Ft. |
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Location |
Owned |
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Factory 1 : |
32, Pilot Industrial
Estate, Navghar Vasai Road (East), Thane – 401 202, Maharashtra |
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Area |
1000 Sq. ft. |
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Location |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Bipin V. Ghelani |
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Designation : |
Proprietor |
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Address : |
60 Years |
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Date of Birth/Age : |
B. E. (Electrical) |
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Qualification : |
35 Years |
BUSINESS DETAILS
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Line of Business : |
Subject acts as
manufacturers, agents and distributors of Sensors and Transmitters (Pressure,
Humidity and Temperature, Vibration and Air Velocity). |
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Products : |
v
Air Flow
Sensors v
Air Flow
Transmitters v
Air Velocity
Transmitters v
Gas Sensors v
Humidity
Sensors v
Humidity
Transmitters v
Pressure
Sensors v
Pressure
Switches v
Pressure
Transmitters v
Sensors v
Temperature
Sensing Devices v
Temperature
Sensors v
Temperature
Transmitters v
Transmitters |
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Agencies Held : |
v Honywell Sensym-ICT Corporation, U.S.A. v Rotronics AG, Switzerland v Istag, Switzerland v Schemidt Fein Technique, Germany v Cambridge Accusense Inc., U.S.A. v Autotrans Inc, U.S.A. v World Magnetics Inc, U.S.A. v Measurement Specialities Inc, U.S.A. v I. S. T. AG Switzerland |
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Imports : |
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Products : |
-- |
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Countries : |
Germany, USA,
Switzerland, China Products |
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Terms : |
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Selling : |
Credit (90 to 120
days) |
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Purchasing : |
Credit (30/60
days) & D/A |
GENERAL
INFORMATION
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Customers : |
Manufacturers,
trading firms and government bodies. |
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No. of Employees : |
16 |
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Bankers : |
Ř
Standard
Chartered Bank Ghatkopar, Mumbai, Maharashtra Ř
Andhra Bank,
Ghatkopar Mumbai, Maharashtra Ř
Karnataka
Bank Limited Overseas Branch, Mumbai – 400 021, Maharashtra Over Draft :
Rs.3.000 millions |
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Facilities : |
--- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Bharat A.
Shah Chartered
Accountants |
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Address : |
Mumbai,
Maharashtra |
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Tel. No.: |
91-22-23733536 |
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Associates : |
Ř Galaxy Enterprises 901/6D, Damodar Park, L. B. Shastry Marg, Ghatkopar (West), Mumbai – 400 086, Maharashtra -- Manufacturers,
Agents and Distributors of Sensors and Transmitters (Pressure, Humidy and
Temperature, Vibration and Air Velocity). |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.780 Million |
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Borrowed : |
--- |
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Total : |
Rs.0.780 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
55.000 |
85.000 |
35.000 |
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Expected Sales (2007-08) : Rs.110.000 millions
LOCAL AGENCY
FURTHER INFORMATION
It is in trade
terms with :-
v Krone Marshall India Limited, Pune,
Maharashtra
v Associated Capsules Group, Kandivali, Mumbai
v Palm Machinery Private Limited, Kandivali,
Mumbai
v Bhabha Atomic Research Centre, Chembur,
Mumbai
v Centre for Advance Technology, Indore,
Madhya Pradesh
v Sandoz India Limited, Mumbai
v Lakshmi Machine Works, Limited, Coimbtore.
Web Details Attached :
Established in 1989, Jupiter Electronics specializes
in manufacturing and trading activity in process control instruments viz.
Pressure, Humidity, Temperature and Air Flow.
Having acquired authorized distributorship of
Rotronic, Switzerland and Honeywell Sensym ICT, USA in 1997, Jupiter
Electronics are leaders in process control instruments and marketing Pressure,
Temperature, Humidity & Air Velocity Sensors and Transmitters.
Mr. Bipin Ghelani, founder Chairperson of Jupiter
Electronics is an Electrical Engineer having a rich experience of more than 30
years. Apart from technically sound in Electronics and Instrumentation, he is
an ace businessman having excellent track record of doing business under Indian
market conditions.5
Having technically qualified work force including
skilled and semi skilled workers, operating in the factory at Vasai, Jupiter
Electronics has a wide distributor network spreaded all over India in major
cities like Mumbai, Pune, Baroda, Ahmedabad, Hyderabad, Bangalore, Chennai, Coimbatore,
Delhi and Chandigarh.
Jupiter Electronics operates on the policy driven
towards Customer Satisfaction and building Customer relationships. It has a
clear vision of growth accompanied by sales of quality products and giving best
after sales services to all the customers. The same is proven by a wide
customer base of more than 200 customers across India within a span of 5 years
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.28 |
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UK Pound |
1 |
Rs.80.87 |
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Euro |
1 |
Rs.57.68 |
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 |
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 |
YES |
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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 |
YES |
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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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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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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. |
Small |
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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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