MIRA
INFORM REPORT
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Report Date : |
02.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TEKNOVISION ALLIED PRODUCTS PRIVATE LIMITED |
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Registered Office : |
16, Waman Patil Industrial Estate, Near Dukes Factory, Chembur, Mumbai
– 400071, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
06.03.2006 |
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Com. Reg. No.: |
160305 |
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CIN No.: [Company
Identification No.] |
U31103MH2006PTC160305 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT13144F |
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PAN No.: [Permanent
Account No.] |
AACCT4225D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Importer of Invertors, Emergency lights, Electronic ballasts,
Voltage stabilizers, Electronic light fittings. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 40000 |
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Status : |
New Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and has yet to established track. It’s payments are reported as slow but correct. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
16, Waman Patil Industrial Estate, Near Dukes Factory, Chembur, Mumbai
– 400071, Maharashtra, India |
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Tel. No.: |
91-22-25206830/25203981/25212642 |
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Fax No.: |
91-22-25215300 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned By directors |
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Multimind Group Office : |
1580 Sawgrass Corporate Pkwy, Suite 130, Sunrise, Fl – 33323 |
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Tel. No.: |
91-954-473-4005 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Anil Gupta |
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Designation : |
Director |
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Address : |
8, Ameya Apartments, Near Amar Cinema, Chembur, Mumbai – 400071, India |
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Date of Birth/Age : |
42 years |
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Qualification : |
Graduate |
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Name : |
Mr. Sushil Gupta |
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Designation : |
Director |
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Address : |
8, Ameya Apartments, Near Amar Cinema, Chembur, Mumbai – 400071, India |
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Date of Birth/Age : |
45 years |
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Qualification : |
Graduate |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Anil Gupta |
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5000 |
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Mr. Sushil Gupta |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Importer of Invertors, Emergency lights, Electronic ballasts,
Voltage stabilizers, Electronic light fittings. |
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Products : |
·
Electronic Ballasts ·
Down Lighters ·
Emergency Lights ·
Electric Fittings ·
Buses and Coaches |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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China ·
Korea (Going to start) |
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Terms : |
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Selling : |
Cash and Credit (60 days) |
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Purchasing : |
Credit (90 days), Advance |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
Indian Railways ·
State Transpot Maharashtra ·
Ahmedabad municipal transport ·
Tamilnadu State Transport ·
Reliance Group of Companies ·
Shopper Stop ·
Hindustan Lever ·
Jindal Iron ·
Defence ·
Delhi Transport Corporation ·
BES and T Indertaking Mumbai ·
Mafatlal group, ·
Zee Telefilm ·
Colgate ·
Bhabha Atomic research Centre ·
Kelloggs |
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No. of Employees : |
20 |
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Bankers : |
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Central Bank of India, Chembur Branch ·
Chembur Nagarik Sahakari Bank, Chembur Branch |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
T. M. Gand and Company Chartered Accountants |
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Address : |
Kalbadevi, Mumbai |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity shares |
Rs.10/- each |
Rs.1.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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38440 |
Equity shares |
Rs.10/- each |
Rs.0.384
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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40.000 |
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Expected Sales (2007-08) : Rs.45.000 Millions
As the subject is a new company, no financials are available.
Management remained non – cooperative during current investigation and denied
financial details.
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
·
Indian Railways
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Defence
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Zee Telefilm
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Colgate
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Kelloggs
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Jindal Iron
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Reliance Group
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Mafatlal Group
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Hindustan Lever
Website details:
Subject is equipped
with advanced testing facilities. They are having in-house latest
testing facilities for testing of even critical parameters of their products to
ensure trouble free performance over the years. Teknovision implements modern
management and stringent quality control system. They have been accredited to ISO 9001-2000 certificate in august 2002 which shows
their commitment to international quality itself.
Teknolite ballasts/inverters and fittings for trains and
buses are supplied to almost all railways and state transport
undertakings since last 20 years. Their invertors and being fitted in buses
meant for exports only.
Subject
situated in Mumbai, is a professional and pioneer manufacturer of electronic
and electrical luminaries, emergency lights, electronic ballasts, down
lighters, voltage stabilizers, invertors and related accessories since last 20
years under brand name of teknolite. With reliable quality and competitive
prices, all of teknolite. Products are well-sold through-out India. Quality at
their company is the outcome of continuous team effort backed by years of
experience and expertise in electronics. Customer service and customer
satisfaction have always been their utmost concern.
Teknolite emergency lights and luminaries are well
accepted throughout India due to their well performance over the years. Their
access to latest technology and continuous research and development activity
has given rise to the highest possible ‘energy saving’ without compromising on
lighting quality. Teknolite ballasts are tested by govt. of India test house
for their best performance. All teknolite products are completely quaranteed
and backed with quick and best after sales service.
Products:
MEGA
CFL
concealed fittings with polycarbonate cover/ mirror optics.
MEGA- very beautiful and elegant light fixtures (recess
mounting) suitable for 1x 36w, 2x36w, 1x11w and 2x11w CFL’s. MEGA fixtures have
been aesthetically designed with high grade polycarbonate cover, which makes it
very attractive and put it in the class above others. MEGA LX have been
designed with high-grade plastic frame and metalized louvers for optimum
reflection. Both these fillings have been provided with imported
electro-chemically brightened high purity anodized aluminium reflector
(alanod-germany) for enhanced and uniform light distribution.
MEERU
CFL
concealed fittings with parabolic louvers and magnetic ballasts (for 36w CFL’S)
These CFL fittings are provided with imported parabolic
louvers, high illuminating imported reflector and magnetic ballasts. These
fittings are available in three versions i.e. 1x36, 2x36 and 3x36. 3x36 fitting
has been designed to fit in Armstrong ceiling. Imported parabolic louvers p5
have been used to achieve optimum glare control. Best suitable for commercial
centers, software development centers, schools/colleges and offices.
CFL concealed fittings with
parabolic louvers and electronic ballasts (for 36w CFL’s)
These CFL fittings are provided with imported parabolic
louvers, high illuminating imported reflector and electronic ballasts for high
energy savings. Optimum glare control has been achieved by using imported
parabolic louvers p5. electrochemically brightened super high purity anodized
aluminium reflector has been used for uniform light distribution.
MAGAN
CFL and FTL fittings with electronic
ballasts and acrylic covers
MAGAN –CFL and FTL fittings from teknolite are very slim and
elegant fittings with acrylic cover and electronic ballast. Best suitable for
residences, offices and other areas where bright light is required. Available
in various version to suit each and every need. For example MAGAN 1x11 is best
suitable for bathroom and passages whereas MAGAN 1x36 matches perfect light for
bedrooms. These fittings. Will save electricity drastically due to electronic
ballasts.
Features:
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MAGAN series fittings save energy up to 40% as compare to
copper ballast.
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Flicker free start of tube increases tube life and gives
less strain to eyes.
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MAGAN fittings start even at very low voltage i.e. 100VAC
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Sustains wide voltage i.e.100-300 VAC
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Powder coated paints for longer fixture life.
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Imported anodized aluminium reflector for high illumination.
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Best decorative fittings for suburban area where low voltage
available.
MOGY
MOGY is CFL surface fitting with acrylic
covers and magnetic/electronic ballast
Mogy is attractive yet affordable lighting solution for
bathroom, corridors, kitchens, study rooms, hospitals and cafeterias where sift
and cool light is required.
Mogy is the ideal luminaire that offers optimum balance between cost of the
fitting and its performance. Mogy is suitable for 11W CFL. This fitting is
aesthetically designed using high grade engineering plastic, providing a smooth
finish for pleasant interior ergonomics.
Features:
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Suitable for 11W CFL
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Best quality magnetic ballast is fitted in this fitting
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Imported anodized aluminium reflector is provided for
optimum reflection.
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Attractive plastic cover with built-in design has been provided
for beautiful look of the fitting.
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Available in white, lvory, black, red, silver and gery
colour to suit any décor.
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Mogy can also be supplied with electronic ballast
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Easy to install and easy to clean fixtures.
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.39.42 |
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UK Pound |
1 |
Rs.78.26 |
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Euro |
1 |
Rs.57.51 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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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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18 |
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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