MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GLOBETEK |
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Registered Office : |
No. 122, 27th Cross, 7th Block, Jay Nagar, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
April 1994 |
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Com. Reg. No.: |
59/cb / 273 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Distributors and Importers of RF/Microwave Instruments, Instruments
for Coating Thickness Measurements, X-Ray Spectrometers, Dew Point Measuring
Instrument, Network Analyzers, Thermal Testing Systems, Current and Voltage
Transducers. |
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 24000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory track
records. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
No. 122, 27th Cross, 7th Block, Jay Nagar, |
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Tel. No.: |
91-80-26635776 / 26643375 / 26534013 |
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Mobile No.: |
91-9448067326 |
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Fax No.: |
91-80-26534020 / 26581556 |
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E-Mail : |
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Website : |
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Area : |
3000 sq. fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. G. Venkatesh |
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Designation : |
Proprietor |
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Address : |
1529, South End ‘B’ Road, 9th Block, Jayanagar, |
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Date of Birth/Age : |
57 years |
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Qualification : |
B.E., D I I S C |
BUSINESS DETAILS
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Line of Business : |
Distributors and Importers of RF/Microwave Instruments, Instruments for
Coating Thickness Measurements, X-Ray Spectrometers, Dew Point Measuring
Instrument, Network Analyzers, Thermal Testing Systems, Current and Voltage
Transducers. |
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Products : |
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Distributors: |
v Amptech Research
v Helmut Fischer
Elektronik and Msstechinik AG, v Infratek – Ag, v LEM SA, v MBW, v Sauders and
Associates, v Temptronic
Corporation, v Vitrek
Corporation, v MEA Testing
Systems Limited v Motor Testing |
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Exports to: |
Australia, Asia, East Europe, West Europe,
Middle East, America, south America, Africa |
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Imports: |
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Products: |
v Electronic
Instruments Systems v Transducers |
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Countries: |
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Terms : |
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Selling : |
Cash or Credit (60 days) |
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Purchasing : |
Cash or Credit (60 days) |
GENERAL INFORMATION
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Suppliers : |
˛
LEM SA, ˛
Vitrek Corporation, ˛
Infratek AG, ˛
˛
Temptronic Corporation, ˛
Helmut Fischer Electronik AG, ˛
MBW Electronik AG, |
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Customers : |
Defence Oriented Units Such as – ˛
DRDO ˛
ISRO ˛
R&D ˛
Educational Institutions ˛
Private Business Houses and Industries |
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No. of Employees : |
12 |
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Bankers : |
HDFC Bank Canara Bank, Jayanagar Shopping Complex, IV Block, |
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Facilities : |
Rs.0.100 million |
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Banking
Relations : |
Satisfactory |
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Auditor |
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Name : |
Mr. G.R. Venkatnarayana Chartered Accountants |
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Address : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 6.202 millions |
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Borrowed : |
- |
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Total : |
Rs. 6.202 millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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6.202 |
4.345 |
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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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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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6.202 |
4.345 |
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LOAN FUNDS |
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1] Secured Loans |
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1.402 |
0.431 |
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2] Unsecured Loans |
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2.444 |
2.148 |
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TOTAL BORROWING |
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3.846 |
2.579 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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10.048 |
6.924 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.053 |
1.891 |
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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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0.943 |
1.480 |
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Sundry Debtors |
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4.751 |
5.057 |
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Cash & Bank Balances |
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2.025 |
1.039 |
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Other Current Assets |
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0.854 |
0.559 |
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Loans & Advances |
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2.320 |
2.004 |
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Total
Current Assets |
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10.893 |
10.139 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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2.898 |
5.106 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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2.898 |
5.106 |
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Net Current Assets |
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7.995 |
5.033 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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10.048 |
6.924 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
37.200 |
34.000 |
28.000 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
37.200 |
34.000 |
28.000 |
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Profit/(Loss) Before Tax |
NA |
5.200 |
1.460 |
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Provision for Taxation |
NA |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
NA |
5.200 |
1.460 |
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Import Value |
NA |
19.600 |
20.800 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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15.29 |
5.21 |
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Net Profit Margin (PBT/Sales) |
(%) |
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15.29 |
5.21 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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40.16 |
12.13 |
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Return on Investment (ROI) (PBT/Networth) |
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0.83 |
0.33 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.09 |
1.77 |
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Current Ratio (Current Asset/Current Liability) |
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3.76 |
1.99 |
LOCAL AGENCY FURTHER INFORMATION
Average Value of Inventories at any given time: Rs.2.500 millions
Trade References
All Public Sector
Undertakings
Defence
Space
Research and
Development
Educational
Institutions
Private Business
Industries
Website details attached:
Company
Profile
Subject is a professionally managed company,
which is an importer and distributor of Current and Voltage Transducers,
Professional Electronic Instruments, Instruments for Coating Thickness
Measurements, X-Ray based Thickness and Material Analysis, Dew Point Measuring
Instrument, Thermal Characterization Systems and Crystal Impedence Measurement.
Explosive Safety Fuse Testers and Multimeters and Ignitor Testers, HI-Pot
Insulation Testers, HV meters, Cable Harness Testers, Power Analyzers, etc.
Their company was established in the year
1992 and represents blue chip companies in electronic systems and components
from Europe and
Products
LEM SA
LEM Components started in 1972 leverages its more than 30 years
experience in the application, design and production of current and voltage
transducers and establish itself as a market leader with worldwide presence to
serve you. An extensive R&D program will ensure that their product offering
will continuously expand over time.
With more than 2500 current and Voltage Transducers in its portfolio, LEM
Components offers a complete range of accurate, reliable and galvanically
isolated devices for the measurement of current from 0.25A to 10000 A and
Voltages from 10V to 6400 V in various technologies. While most applications
will find their best solution with a standard transducers selected from one of
these technologies. LEM is fully capable of developing customized solutions to
meet customer’s specific requirements.
LEM Transducers portfolio has four main categories covering six different
technologies.
HALL EFFECT TRANSDUCERS: Which include Open loop, closed loop and ETA
Transducers.
FLUX GATE TRANSDUCERS: Which includes IT-Type, C-Type, Standard types
and Low-frequency types.
AIRCORE TRANSDUCERS: Which include PRIME Transducers.
VARIOUS VOLTAGE TRANSDUCERS: This includes Hall effect, Flux gage, the AV and
OptiLEM Products.
LEM transducers are designed according to the most demanding international
standards, and carry CE marking, and have RoHS compliance, UL or
LEM products are utilized across a broad spectrum of power electronics applications:
Industrial motor drives, Robots and Cranes, Cable cars and Ski lifts,
Elevators and Escalators, Ventilation and Air conditioning equipments,
Precision medical systems and power supplies for computer servers and mobile
telecom. All these application require accurate and optimal control of the
electrical energy to insure a high level of efficiency, safety and reliability.
LEM is a worldwide company, Head Quarters in Geneva-Switzerland with offices
across the globe, and production facilities in Europe, Asia and
LEM is a global leader in the Measurement of Electrical parameters.
Along with their technologically advanced and complete line of current
transducers and voltage transducers used for variety of applications.
Industrial current and voltage sensing solution for current control and
regulation and over current protection and monitoring.
Industrial transducers are utilized across a broad spectrum of power electronic
applications including industrial motor drives, robots and cranes, cable cars
and ski lifts, elevators and escalators, ventilation and air conditioning
equipment, precision medical systems, power supplies for computer servers and
mobile telecom. With more than 2500 current and voltage transducers in its
portfolio, LEM industrial transducers offer a complete range of accurate,
reliable and galvanically isolated sensors for the measurement of currents from
0.1 A to 20 kA and voltages from 0 V to 6.4 kV in various technologies: open
loop, closed loop, fluxgate, prime, etc. LEM transducers are designed according
to the most demanding international standards and carry CE marking and RoHS
Compliance UL listing is available on selected models. They have ISO 9001
qualification and offer a 5-year warranty on all of their products.
Typical applications in Power Electronics
AC Variable Speed Drives and Servo Motor Drives
- Machine Tool, Printing, Paper, textile,
plastic
- Steel mill
- Lifts
- Cranes
- Robotics
- Pumps
- Washing Machine
Wind Mills
Static converters for DC Motor Drives
- Escalators
- Electrical Opening door system
- Electric Vehicles
- Forklift Trucks
- Wheel chairs
- Solar Power supplies
Uninterruptible Power Supply
- EDP system
- Telecom
- Security System
Switch Mode Power Supplies
- Power supply for electronic equipment
and control systems
- Telecom
- Electronic ballast
- Voltage and Current stabilizer for
industry and lab applications
Power Supplies for Welding Applications
Test and
measurement in lab and universities
Medical X-Ray and
imaging
Energy management
systems monitoring of load currents
Over current
protection
Control and
safety systems
Electrical
traction
Process
Automation Transducers
Electrical signals are the power source for all manufacturing processes,
machines and systems. It is therefore obvious that this is the starting point
to determine the key operational performance indicators of a manufacturing
process.
LEM’s Process Automaton line of Current and Voltage Transducers integrates
convenient mounting, installation, and connection solutions, along with signal
processing into a single device to reduce the time required to implement a
monitoring or control systems involving electrical parameter measurements. The
PAT family of transducers can sense from 10mA of current to thousands of Amps
with excellent accuracy and isolation from the circuit being sensed with
standard output 0-5V/ 0-10V/ 4-20mA or switch/relay output. Process Voltage
sensors allow for isolated voltage measurements to 400 volts with 4-20mA output
and RMS signal processing.
LEM Collaborates with leading suppliers in the automation industry to provide
complete solutions for the process control and condition monitoring needs.
Typical application
Process Control and Product Quality:
- Crusher and Grinder Motors
- Industrial Electrical Heaters
- Part Counting
- Status Alarming
- Generator Startup
Maintenance Operations
- Dull Tool Indication
- Pump Jam and Suction Loss Protection
- Motor Start Counting
Safety Operations
- Safety Light Monitoring
- Ground Fault Protection
- Safety Interlocks
Facilities / Infrastructures Monitoring
- DC Power Supply and Batteries
- Cathodic Protection
- Fan and Pump Monitoring
- Pump Backup
- AC and DC current transducers from 10mA
up to 2000A
- RMS or TRMS calculation
- Output suitable for PLC interface (4-20mA,
0-5V, 0-10V)
- AC and DC Relays
LEM offers a complete range of accurate, reliable and galvanically
isolated devices for the measurement of currents from 0.1 A to 20000 A and
Voltages from 10 V to 6400 V in various technologies - Open loop, Closed loop,
Isolation Amplifier, etc.
LEM has been a main player in traction power electronics applications and development
for the last 30 years and leverages this vast experience to supply solutions
for isolated current and voltage measurements.
LEM Transducers provide control and protection signals to power converters and
inverters that regulate energy to the electric motors (for propulsion) and to
the auxiliaries (for air-conditioning, heating, lighting, electrical doors,
ventilation, etc.). This includes the early monitoring of the voltage network
to make the power electronics working accordingly.
The rail industry is under constant changes and evolution. LEM providing: the
On-board monitoring of power consumption (EM4T energy meter), solutions to
trackside applications, rail maintenance and the monitoring of points machines
or signaling conditions with some new transducer families.
LEM is always available to assist in adapting to these evolving technical
applications.
Three decades of railway experience has contributed in establishing LEM
as a market leader with worldwide presence to serve you and provide efficient,
safe and reliable operations of the railways.
v
VITREK CORPORATION,
v
v
AMPTEC
v TEMPTRONIC CORPORATION,
v
ThermoStream
TP04310A/TP04310B
v
HELMUT FISCHER ELEKTRONIK UND MESSTECHNIK AG
v
Saunders and Associates
v
EM SYS SA,
v
BW Elektronik AG
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 40.44 |
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1 |
Rs. 82.01 |
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Euro |
1 |
Rs. 56.20 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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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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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 |
|
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 |
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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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