MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAHAJANAND
TECHNOLOGIES PRIVATE LIMITED |
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Formerly Known As : |
SAHAJANAND LASER
TECHNOLOGY PRIVATE LIMITED |
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Registered Office : |
401/Gandhi Smruti
Parsi Street Sayedpura, Surat – 395 003, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.03.1993 |
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Com. Reg. No.: |
04-19133 |
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CIN No.: [Company
Identification No.] |
U72900GJ1993PTC019133 |
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IEC No.: |
0893003638 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
SRTS00836D |
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PAN No.: [Permanent
Account No.] |
AADCS4343N |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
The company is
engaged in as Manufacturer, Supplier, Trader and Exporter of Diamond cutting
laser Machine, laser spot welding Machine, card personalization laser
systems, rapid prototyping Machine, laser engraving Machine. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1400000 |
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Status : |
Good |
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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 company having satisfactory track. Directors are
reported as experienced, respectable and resourceful industrialist. Their
trade relations are fair. Profit margin is under severe pressure. 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 / Head Office : |
401/Gandhi Smruti Parsi Street Sayedpura,
Surat – 395 003, Gujarat, India. |
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Tel. No.: |
91-261-2451 451-58 |
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Fax No.: |
91-261-2427947 |
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E-Mail : |
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Website: |
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Area : |
1050 sq. Mtr. |
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Location : |
Owned |
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Corporate
Office : |
48-A, Arvind Estate, B/h.
Indica Laboratory, L.B.S. Road, Bapunagar, Ahmedabad - 380 025,Gujarat,
India. |
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Tel. No.: |
91-79-22200950, 22201247 |
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Fax No.: |
91 - 79 - 22201456 |
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E-Mail : |
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Factory 1 : |
Plot No. 33, 34, 35, 52, 53, & 54,
Surat Special Economics Zone, Sachin, Surat – 395 003, Gujarat, India. |
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Tel. No.: |
91-261-2398463 |
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Fax No.: |
91-261-2398331 |
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Area : |
6000 sq. Mtr. |
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Location : |
Owned |
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Factory 2 : |
Plot No. 168/7, Dabhel Industrial
Cooperative Society Limited, Village:- Dabhel, Daman (U. T.) |
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Tel. No.: |
91-260-2240692 |
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Fax No.: |
91-260-2240692 |
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Area : |
2425 sq. Mtr. |
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Location : |
Owned |
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Factory : |
E-30, G. I. D. C., |
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Tel. No.: |
91-79-23226877, |
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Fax No.: |
91-79-23241465 |
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Factory : |
Unit - 137 & 138, Plot No
: 256, |
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Tel. No.: |
91 - 261 - 2398411 / 419 |
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Branch : |
Surat :: Sahajanand House, 5, Krishnakunj Soc, Opp. Sadhna
School, Varachha Road, Surat, Gujarat, India. |
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Tel. No.: |
91-261-2568447 - 48 |
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Branch : |
Mumbai: 8, Orchid plaza, R. T. Roas, B/h, Moviegem
Theater, Dahiser (East) Mumbai – 400 061 |
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Tel. No.: |
91-22-55765408 |
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Branch : |
Sahajanand
Laser Technology Ltd |
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Tel. No.: |
91-44-208 201 3881 |
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Fax No.: |
91-44-208 201 3882 |
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E-Mail : |
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Branch : |
Sahajanand
Laser Technology USA Inc. |
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Tel. No.: |
001 972 790 7610 |
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Fax No.: |
001 972 786 3135 |
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E-Mail : |
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Branch : |
524, Sandhrust Bldg., 3rd Floor, Above Shree Krishna Hotel, Opp. Tiwari Bros.,
Charni Road, Opera
House, Mumbai – 4, INDIA |
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Tel. No.: |
91-22-23890607, 23890608 |
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Fax No.: |
91-22-23890609 |
DIRECTORS
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Name : |
Mr. Dhirajlal V. Kotadia |
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Designation : |
Director |
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Address : |
43, Narayanmuninagar Society, Nani Ved, Ved Road, Surat – 395 003,
Gujarat, India. |
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Date of
Birth/Age : |
48 Years |
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Date of Appointment:
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15/09/1994 |
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Name : |
Mr. Dhirajkumar S. Vasoya |
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Designation : |
Director |
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Address : |
‘Parishram’, 47, Narmad Nagar, Athwalines, Surat – 395 003, Gujarat,
India. |
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Date of
Birth/Age : |
44 Years |
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Date of
Appointment: |
15/09/1994 |
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Name : |
Mr. Vallabhbhai N. Kotadia |
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Designation : |
Director |
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Address : |
43, Narayanmuninagar Society, Nani Ved, Ved Road, Surat – 395 003,
Gujarat, India. |
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Date of
Birth/Age : |
69 Years |
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Date of
Appointment: |
10/07/2004 |
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Name : |
Mrs. V. H. Pandya |
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Designation : |
Company Secretary |
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Address : |
C/2/5, Kumbhnath Society, Maninagar, Ahmedabad - 8 |
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Date of
Appointment: |
01/05/2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 30.09.2005
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Names of Shareholders |
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No. of Shares |
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Vallabhbhai N.
Kotadia |
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22,50,000 |
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Shardaben D. Kotadia |
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19,99,500 |
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Dhirajlal
Vallabhbhai Kotadia |
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250000 |
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Dhirajkumar
Savjibhai Vasoya |
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500500 |
AS ON 30.09.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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0.00 |
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Bodies corporate |
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0.00 |
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Directors or relatives of directors |
|
100.00 |
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Other top fifty shareholders |
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0.00 |
BUSINESS DETAILS
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Line of Business : |
The company is
engaged in as Manufacturer, Supplier, Trader and Exporter of Diamond cutting
laser Machine, laser spot welding Machine, card personalization laser
systems, rapid prototyping Machine, laser engraving Machine. |
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Products : |
v
Laser System
for Diamond & Material Processing v
Diamond
Planner M/c. v
Diamond
Polishing M/c. |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 – 60
Days) |
PRODUCTION STATUS
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Particulars |
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Installed
Capacity |
Actual
Production |
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Laser Machines |
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350 M/c. |
123 M/c. |
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Diamond Planner
M/c. |
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500 M/c. |
42 M/c. |
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Diamond Polishing
M/c. |
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100 M/c. |
77 M/c. |
GENERAL
INFORMATION
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Customers : |
End users |
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No. of Employees : |
240 |
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Bankers : |
Dena Bank,
Industrial Finance Branch, Maker Tower ‘E’, 9th Floor, Cuffe
Parade, Mumbai – 400 005. |
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Facilities : |
Credit Limit: Rs.
50.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Surendra Shah
& Associates |
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Address : |
4004, Trade
House, Ring Road, Surat. |
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Tel. No.: |
91-261-2353774 |
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E-Mail : |
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Group
Companies: |
v
Sahajanand
Vascular Technoventions Private Limited v
Nyalkaran
Industries Private Limited v
SS
Processors v
SS
International v
Sahajanand
Enterprises |
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Associates/Subsidiaries : |
Sahajanand
Medical Technologies Private Limited. Address - 304,
Sahajanand House, Parsi Street, Saiyedpura, Surat – 395 003, Gujarat, India. Line of Business
- Manufacturer of Cardiovascular medical stents Sahajanand
Biotech Private Limited Address - Sahajanand
House, Parsi Street, Saiyedpura, Surat – 395 003, Gujarat, India. Line of Business
- Manufacturer of Herbal Medicines. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
50.000 |
50.000 |
50.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
308.714 |
281.283 |
280.949 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
358.714 |
331.283 |
330.949 |
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LOAN FUNDS |
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1] Secured Loans |
53.681 |
78.904 |
124.276 |
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2] Unsecured Loans |
5.050 |
0.000 |
0.000 |
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TOTAL BORROWING |
58.731 |
78.904 |
124.276 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
417.445 |
410.188 |
455.225 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
62.248 |
57.188 |
62.429 |
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Capital work-in-progress |
0.405 |
9.388 |
5.085 |
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INVESTMENT |
2.864 |
2.863 |
2.865 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
138.919
|
127.461 |
150.577 |
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Sundry Debtors |
154.455
|
132.848 |
123.731 |
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Cash & Bank Balances |
0.850
|
0.430 |
0.543 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
86.052
|
107.491 |
132.208 |
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Total
Current Assets |
380.276
|
368.230 |
407.059 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
22.783
|
27.504 |
18.703 |
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Provisions |
5.823
|
0.000 |
3.540 |
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Total
Current Liabilities |
28.606
|
27.504 |
22.243 |
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Net Current Assets |
351.670
|
340.726 |
384.816 |
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MISCELLANEOUS EXPENSES |
0.258 |
0.023 |
0.030 |
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TOTAL |
417.445 |
410.188 |
455.225 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
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Sales Turnover |
260.217 |
208.826 |
217.572 |
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Total Income |
260.217 |
208.826 |
217.572 |
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Profit/(Loss) Before Tax |
28.067 |
0.812 |
(41.323) |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
28.067 |
0.812 |
(41.323) |
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Earnings in Foreign Currency : |
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Export Earnings |
NA |
NA |
24.675 |
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Total Earnings |
NA |
NA |
24.675 |
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Imports : |
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|
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Raw Materials |
NA |
NA |
86.422 |
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Total Imports |
NA |
NA |
86.422 |
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Expenditures : |
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|
|
|
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Depreciation & Amortization |
9.091 |
9.149 |
0.000 |
|
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Other Expenditure |
223.059 |
198.865 |
258.424 |
|
Total Expenditure |
232.150 |
208.014 |
258.424 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total
Income |
(%) |
10.78
|
0.38 |
(18.99)
|
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Net Profit Margin (PBT/Sales) |
(%) |
10.78
|
0.38 |
(18.99)
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.34
|
0.19 |
(8.66)
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.00 |
(0.12)
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Debt Equity Ratio (Total Liability/Networth) |
|
0.23
|
0.32 |
0.44
|
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Current Ratio (Current Asset/Current Liability) |
|
13.29
|
13.38 |
18.30
|
LOCAL AGENCY
FURTHER INFORMATION
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Name of the company |
Sahajanand
Technologies Private Limited |
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Presented
By |
Jointly Company & Charge holder |
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1) Date and description of instrument creating the change |
No Instrument was executed. Charge created on 28.11.2002 by way of
equitable mortgage by deposit of title deeds. |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 180.000 Millions |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Immovable properties of the company viz., Plot No. 168/7A & 168/7,
Dabhel Industrial Society, Daman. All the piece of immovable property known as plot No. 168/7A &
168/7 part consisting of land admeasuring 1225 & 1200 sq.mtrs.;
respectively and construction of factory made thereon constituting the land
of survey No. 168 of Moje: village; Dabhel ; Situated at village; Dabhel,
Taluka : daman, sub district : & Districts : Daman, together with
buildings, Structures, erections, plant & machinery attached to the earth
or permanently fastened to anything attached to the earth, fixtures, fittings
now erected or here after to be erected thereon both present and future. |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
(1)
Security to cover principal amount together with interest, costs,
charges, expenses etc. (2)
Details of credit facilities:
With in overall limit of Rs. 180.000 Millions |
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5) Name and Address and description of the person entitled to the
charge. |
Dena Bank, 9th Floor, Maker Tower ‘E;, Cuffe Parade, Mumbai
– 400 005. |
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6) Date and brief description
of instrument modifying the charge |
No instrument was executed. Charge created on 27/06/2003 by way of equitable
mortgage by deposit of title deeds. |
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7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Additional Security provided of the following immovable properties
viz.
Together with the land, building, structures, erections, plant and
machinery attached to the earth or permanently fastened to anything attached
to earth, fixtures, fittings now erected or hereafter to be erected thereon
both present and future. |
|
Name of the
company |
Sahajanand
Technologies Private Limited |
||||||||
|
Presented
By |
Jointly Company &
Charge holder |
||||||||
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation (Goods, Book debts & other movable
assets to secure multiple facilities) Dated 16/11/2002 |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 180.000 Millions |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
All the stock of raw materials, goods in process and finished good
such as Laser Machines, Planner machine etc. consumable stores and spares,
packing materials, etc. both present and future now or hereafter brought in
to or upon or now or hereafter in course of transit to any godowns, jathas or
place whatsoever and whosesoever in the possession or occupation of the
company All the intangible movable properties and assets of whatsoever nature
including plant & machinery, tools and accessories, stores, spares
relating to the plant & machinery, furniture, articles, office equipments,
computers, and things belonging to the company and lying and being at their
premises/ factories at Daman and Surat being movable properties and capable
of passing by delivery, both present and future, whether installed or not and
now lying loose or in cases and now being or at any time brought into or upon
or at anytime in course of transit to the premises of the company at Daman
and Surat either by way of substitution or in additions or other place
whatsoever and whatsoever in the possession or occupation of the company. All the present and future book debts, outstanding, money, receivable,
claims, bills rights to or in movable properties and movable assets and which
are now due, owing or payable or belonging to the company or which may at any
time hereafter become due, owing, payable or belonging to the company in the
course of its business by any person, firm , company or body corporate or by
the government Central or state or Indian railways, any government department
or office or any municipal or local or public or semi government body or
authority or any body corporate or under tacking or project whatever in the
public sector. |
||||||||
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
Security to be available as first charge and to cover principal amount
together with interest, costs, charges, expenses etc. Details of credit facilities:
With in overall limit of Rs. 180.000 Millions Interest at such rates as fixed by the bank from time to time. Margin to be obtained as stipulated by the bank from time to time. Bank to have power of entry, power of appoint receiver, power of sale,
etc. Individual limits within the aggregate amount secured to be decided
between the company and bank from time to time. |
||||||||
|
5) Name and Address and description of the person entitled to the
charge. |
Dena Bank, 9th Floor, Maker Tower ‘E;, Cuffe Parade, Mumbai
– 400 005. |
||||||||
|
6) Date and brief description of instrument modifying the charge |
NOT APPLICABLE |
||||||||
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
NOT APPLICABLE |
AS PER
WEBSITE:
Under the dynamic and inspirational leadership of Mr. Arvind Patel and its inspirational implementations by Mr. Dinesh Patel. Sahajanand Laser Technology set up its base in Gandhinagar, Gujarat, India in 1992. Making forays in the ‘sunrise’ laser technology it was just a matter of time that domestic leadership was achieved in the field.
Next to follow was a revolution
and an area where excellent application that took shape to change the face of
Indian diamond industry. It was due to their Arvind Patel’s research and acumen
that he was awarded the prestigious Dr. Vikram
Sarabhai Young Scientist Award for his invaluable contribution in the Industry
Application of Laser Technology, particularly for Diamond industry.
11 years of leadership in the field of Laser Technology application has
provided them ample experience to understand and provide the right kind of
solutions for their customers. Their Laser Marking Machines and CNC systems for
diamond industry are developed and backed by in-house software research and
development.
They develop, design and integrate automation with their standard laser system.
Their team of experts, proffer customer specific solutions, which are flexible
and user friendly. They cost effective, production enhancing and over all
increase the efficiency for their customers. They also train their client’s
operators and provide adequate spares with efficient after-sales services.
Last year they sold over 20 laser marking systems taking their tally to 50 so
far. They have already supplied over 600 systems in the diamond sector similar
to Nd: YAG laser marking systems.
They have exported their laser systems and CNC solutions to Russia, Thailand, Sri Lanka and Israel. They look forward to making inroads in other countries within
a short time to attain their vision of global leadership.
Their technically qualified manpower is competent enough to provide excellent
after-sales services and Annual Maintenance Services to all their customers.
They maintain floating stocks of spares as they are aware the industries are in
a 24x7x365 operation mode to ensure uninterrupted production for their clients.
Today, Sahajanand Laser Technology is the
most experienced, technologically superior organization and having one of the
largest installation base with 80% market share in industrial and CNC solutions.
The Group of Companies :
Sahajanand Laser Technology
Sahajanand Software Private
Limited (100 % EOU)
Sahajanand Enterprise
Shreeji Services
Sahajanand Technocrats
SAHAJANAND LASER TECHNOLOGY -
world’s largest manufacturer of CNC laser systems for diamond processing, is an
Indian company located in Gandhinagar (Gujarat) was incorporated in 1992 and
now, has become a leader in the field of laser & CNC technology and
marching towards global ventured under the innovative ideology of Mr. Arvind Patel
and its inspirational implementations by Mr. Dinesh
Patel.
ABOUT
THE GROUP
"Sahajanand", a group of Companies operating in diversified activities under one
trade name of Sahajanand. With its three arms Sahajanand presently operates in three different business areas: Engineering &
Laser technology, Medical technology and Biotechnology.
"Sahajanand" was founded by Shri
Dhirajlal V. Kotadia in the year 1993
with primary aim to cater Diamond industry with Laser Technology based
solutions. With successful establishment as pioneer in providing automated
capital equipment for diamond industry in India, Sahajanand developed its range of industrial
applications with use of laser of Sahajanand Medical
Technologies Private Limited. Sahajanand Medical grab the
opportunity to become India's largest manufacturer of cardiovascular medical
stents of international quality standard and easy and cheaper availability
compared to foreign competitors. The third arm Sahajanand Biotech Private Limited is engaged in the field of research in
Biotechnology and herbal medicinal formulations manufacturing.
ABOUT
THE COMPANY
Inspired by unique advantages of Laser
technology like high productivity, automation worthiness, non-contact
possessing, elimination of finishing operations, reduced processing cost Subject was incorporated in 1993 for the purpose of providing hi end capital
equipments to diamond industry. It has always been endeavour of the company to
harness hi-end technology, to put it to worth while use in many forms. Sahajanand has pursued this endeavour with success till now by way of introducing
various hi end engineering products ranging from processing rough diamond to
polishing of finished diamond, including diamond planner systems. Sahajanand has always been known for defining products. This has given Sahajanand a unique place as trendsetter in diamond industry. Sahajanand’s market leadership is based not only on providing state of art
products, but also diligent customers support and initiative to introduce
latest technology to the industry. Starting from laser machine for diamond
cutting Sahajanand has successfully presented diamond industry technologically
advanced products developed inhouse by its well experienced technical work
force and achieved a high growth rate than the industry rate. Sahajanand
provided new standard in the diamond industry with a varied range of products
like Laser Sawing, Bruiting, Auto-Blocking, Polishing & Planner machines etc;
used at different stages of diamond manufacturing process.
Company has come out with various industrial
products like Laser Cutting, Welding and Marking machines for different
industrial use. Sahajanand caters the Laser cutting requirement of the solar cell manufacturing
companies all over India, in furtherance to its commitment.
Success of Sahajanand is revealed by large spread of customers and achievement of customer
support. Sahajanand through its dedicated efforts, commitment to quality, customer satisfaction
and technical excellence has supported diamond industry in increasing the
business manifold during last ten years. The company is a pioneer in India,
with a market share of around 80 % of the supply of the aforesaid machines, the
rest are either imported, or are manufactured by few other manufacturers,
having a very limited manufacturing capacity. Company's products are
comparatively cheaper then the imported ones and technology wise they are at
par with the imported products. All this has become possible through advance
infrastructure in terms of manufacturing facilities and service, teamwork of
its multidisciplinary team of Laser Physicists, computer and software
engineers, electronics & mechanical engineers and visionary core management
team.
Sahajanand has manufacturing units at Special Economic Zone, Sachin and its
registered office at Surat and marketing offices at Mumbai. The clientele of Sahajanand is spread all over India.
Sahajanand group is committed to the ongoing development of innovative hi-end
technologies and upgrading of current laser systems and devices, for the
further advancement of not only the diamond industry but also the other
industries that might benefit from revolutionary laser light. They are also
committed to bring these technologies within the reach of every Indian engaged
in these industries and to save the precious foreign exchange worth millions of
dollars for the country. Their motto is “Quality … is remembered even after… price is forgotten”
AWARDS & ACHIEVEMENT:
Year: 2004
Award: Outstanding
Business person of the year
Conferred By: Southern
Gujarat Chamber of Commerce
Conferred For: Outstanding
Business person of the year
Year: 2003
Award: Best Enterpreneur
Conferred By: Federation of
Gujarat Industries
Conferred For: For Best
Enterpreneur
Year: 2003
Award: Business
Person of the year
Conferred By: Gujarat
Zone - 8 Award
Conferred For: For
Innovation and uniqueness in the business
Year: 2003
Award: Business
Person of the year
Conferred By: Surat
Jacees Chapter
Conferred For: For
Innovation and uniqueness in the business
Year: 2003
Award: Best export
in SSI
Conferred By: South
Gujarat Chamber of Commerce & Industry
Conferred For: For best
export performance in Small Scale Industries
Year: 2002
Award: Samaj Ratna
Conferred By: Sardar
Patel Seva Trust
Conferred For: To Shri Dhirajlal Kotadia for his contribution in Diamond
& Stent Industry
Year: 2002
Award: Udyog 2002
Conferred By: South
Gujarat Chamber of Commerce & Industry
Conferred For: For Best Display to Company
Year: 2001
Award: Udyog Ratan
Award
Conferred By: Institute
of Economic Studies
Conferred For:To Shri Dhirajlal Kotadia for his contribution in Industry
Year: 2000
Award: Momento of
Appreciation
Conferred By: Saurashtra
Jaldhara Trust
Conferred For: For the contribution in helping to build the check Dam as
part of Sahajaand's social obligation
Year: 2000
Award: Udyog - 2000
Conferred By: South
Gujarat Chamber of Commerce & Industry
Conferred For: For
Excellence in Presentation
Year: 1997
Award: Dijem-97
Conferred By: South
Gujarat Chamber of Commerce & Industry
Conferred For: For Active
Participation
Year: 1995
Award: IMTMA Award
Conferred By: Indian
Machine Tools Manufacturing Association. Confederation of Indian Industry
Conferred For: For Best Display
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.39.94 |
|
UK Pound |
1 |
Rs.78.81 |
|
Euro |
1 |
Rs.63.05 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|