MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
JIVANTI TECHNO GROUP |
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Registered Office : |
131, Nandanvan, New Sama Road, Vadodara – 390008, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1992 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Trader of spray painting system and equipments. |
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 2500 |
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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 concern having steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Jagdip Anjaria |
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Designation : |
Proprietor |
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Date : |
20.08.2008 |
LOCATIONS
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Registered Office : |
131, Nandanvan, New Sama Road, Vadodara – 390008, Gujarat, India |
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Tel. No.: |
91-265-2771896 |
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Mobile No.: |
91-9824013903 / 9328264061 |
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Fax No.: |
91-265-2771896 |
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E-Mail : |
jivanti-techno@rediffmail.com |
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Website : |
www.jivantitechnogroup.com |
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Area : |
1400 sq fts. |
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Location : |
Owned |
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Administration
Office : |
109, Saraswati Industrial Estate, Opposite Tacob Naka, Baroda, Gujarat
390002, India |
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Tel No: |
91-265-2771896 |
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Area: |
900 sq ft |
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Location: |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Jagdip Anjaria |
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Designation : |
Proprietor |
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Date of Birth/Age : |
52 years |
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Qualification : |
B. E. Mechanical |
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Experience : |
30 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of spray painting system and equipments. |
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Exports : |
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Products : |
Spray painting system and equipments |
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Countries : |
USA and Dubai |
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Terms : |
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Selling : |
L/C, Cash / Credit (30 days) Partly advance and rest on dispatch |
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Purchasing : |
Cash / Credit (60 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
7 |
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Bankers : |
Bank of Baroda, Nayayad Branch, Baroda, India |
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Facilities : |
OD Rs. 0.200 Million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Parikh Mehta and Associates (Chartered Accountant) |
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Address : |
Baroda, India |
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Associates/Subsidiaries : |
v Anujay System Address: 131,
Nandanvan, New Sama Road, Vadodara – 390008, Gujarat, India Line of Business:
Manufacturer and Trader of spray painting system and equipments |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.300 Million |
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Borrowed : |
Rs. 0.200 Million |
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Total : |
Rs. 0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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6.000 |
Expected Sales (2008-09) : Rs. 7.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference :
v Superneva Generators Limited, Ahmedabad, India
v P.M. Diesels Limited, Rajkot, India
v Aroma hitech Limited, Samakhyari
v Anchor Daewoo Limited, Bhuj
v Supernova Engineering Limited, Ahmedabad, India
v Dew Plastoc Techni Palapur, Gujarat, India
v Power Build Limited, Vidyanagar, Gujarat, India
Web Details Attached :
About Us
Subject is leading manufacturer and supplier of Surface Coating System like Conventional and HVLP spray gun
powder, Spray Guns, Pressure feed tanks, Batch/Tailor made spray Booth, Ovens
for liquid and powder paint. The Concern is into this
field for last 18 years including experience of 3 years with a leading paint
shop equipment company 'Thermax Surface Coating Ltd'. The Concern has developed
a pressure Feed Tank of 12 ltrs to help field contractors to get more practical
˝ drum color plus ˝ ltr thinner from a standard 20 ltr paint container
available in the market. The concern has also developed and manufacture Mini
Spray Booths from 600X600mm to 1450X800 mm with water fall without the use of
pump.
Product Range
The
concern is the leading manufacturer and trading concern of Surface Coating System like Conventional and
HVLP spray gun powder, spray guns, pressure feed tanks, Batch/Tailor made spray
Booth, Ovens for liquid and powder paint, Exclusive Gujarat distributor for
Kremlin Rexon France
Conventional and HVLP spray gun
powder, spray guns, pressure feed tanks, Batch/Tailor made spray Booth, Ovens
for liquid and powder paint, Exclusive Gujarat distributor for Kremlin Surexon
France
The Company Specialization
The
concern has also developed a good expertise on Powder Coating System which include Powder Booth, Powder Gun and
Recover Booth and Oven. Their expertise also include designing, manufacturing,
erection on site and commissioning of total paint shop Batch/Converyised that
match international standard. These systems are designed after studying the
product, shape, production schedule, space constraints etc.
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 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.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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 |
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 |
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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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