MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAMILTON ELECTRONICS PRIVATE LIMITED |
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Registered Office : |
BT – 59, Shalimar Bagh, New Delhi 110 088 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14.10.1991 |
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Com. Reg. No.: |
55-46037 |
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CIN No.: [Company
Identification No.] |
U74899DL1991PTC046037 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELH01594F |
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PAN No.: [Permanent
Account No.] |
AAACH2529N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Importer and Exporter of Electronic Components for
Industrial Automation, Security Alarm and Electronic Instrumentation. |
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 15000 |
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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 company meeting its normal
commitments timeously. Trade relations are fair. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Manoj Krishan Jain |
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Designation : |
Director |
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Date : |
02.06.2008 |
LOCATIONS
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Registered Office : |
BT – 59, Shalimar Bagh, New Delhi 110 088, India |
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Tel. No.: |
91-11-27245389 / 2041461984 |
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E-Mail : |
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Website : |
http://www.hamiltonsensors.com |
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Area : |
200 sq. ft. |
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Location : |
Leased |
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Administrative
Office/ Factory : |
B- 36/5, G.T. Karnal Road Industrial Area,
New Delhi - 110 033, India |
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Tel. No.: |
91-11-27245389/ 27249931/ 27451984/ 27461984 |
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Fax No.: |
91-11-27461984/ 27249931 |
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E-Mail : |
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Area : |
3000 sq. ft. |
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Corporate Office
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AN – 28-B, Shalimar , New Delhi – 110 088, India |
DIRECTORS
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Name : |
Mr. Manoj Krishan Jain |
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Designation : |
Director |
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Address : |
AN – 28 – B, Shalimar Bagh, Delhi – 110 088, India |
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Date of Birth/Age : |
01.08.1962 |
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Date of Appointment : |
14.10.1991 |
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Name : |
Mr. Seema Surender Jain |
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Designation : |
Director |
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Address : |
BT – 59, Shalimar Bagh, New Delhi 110 088, India |
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Date of Birth/Age : |
03.07.1965 |
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Date of Appointment : |
14.10.1991 |
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Name : |
Mr. Rajesh Kailash Jain |
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Designation : |
Director |
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Address : |
C – 439, Block C, Yojana Vihar, Delhi – 110 092, India |
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Date of Birth/Age : |
02.12.1966 |
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Date of Appointment : |
14.10.1991 |
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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Mr. Manoj Jain |
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8300 |
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Ms Seema Jain |
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18550 |
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Mr. Shail Jain |
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7350 |
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Mr. K. C. Jain |
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29710 |
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Mr. K. C. Jain |
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3900 |
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Mr. Rajesh Jain |
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21900 |
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Ms Sarita Jain |
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700 |
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Mr. Mukesh Jain |
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980 |
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Ms Indira Jain |
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100 |
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Mr. S. K. Jain |
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100 |
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Vijay Agarwal – HUF |
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10 |
As on 31.03.2007
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Names of Shareholders |
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Percentage of
Holding |
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Director or Relatives of Directors |
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51.00 |
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Other Top Fifty (50) Shareholders |
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49.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer and Exporter of Electronic Components for
Industrial Automation, Security Alarm and Electronic Instrumentation. |
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Products : |
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Exports : |
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Products : |
All Products |
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Countries : |
USA, France, Australia, Bahrain |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China and USA |
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Terms : |
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Selling : |
L/C, T/T and Advance basis |
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Purchasing : |
On Credit basis |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
About 18 |
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Bankers : |
· ICICI Bank Limited · State Bank of India |
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Facilities : |
Company enjoys C/C facility from State Bank of India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Dinesh Chandra and Associates Chartered Accountant |
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Address : |
2G, Gopala Tower 25, Rajendra Place, New Delhi 110 008, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
(as on 31.03.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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181600 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.816
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
1.816 |
1.816 |
0.916 |
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2] Share Application Money |
0.000 |
0.000 |
0.900 |
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3] Reserves & Surplus |
1.918 |
1.555 |
1.281 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.733 |
3.371 |
3.096 |
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LOAN FUNDS |
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1] Secured Loans |
1.956 |
1.548 |
0.670 |
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2] Unsecured Loans |
7.124 |
6.478 |
6.509 |
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TOTAL BORROWING |
9.080 |
8.026 |
7.179 |
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DEFERRED TAX LIABILITIES |
0.008 |
0.003 |
0.058 |
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TOTAL |
12.821 |
11.400 |
10.333 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.131 |
2.464 |
2.810 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
7.229
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4.694 |
4.039 |
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Sundry Debtors |
7.179
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9.286 |
5.704 |
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Cash & Bank Balances |
0.784
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0.415 |
0.456 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
3.869
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3.011 |
1.890 |
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Total
Current Assets |
19.061
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17.406 |
12.089 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
9.330
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8.138 |
4.563 |
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Provisions |
0.041
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0.332 |
0.003 |
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Total
Current Liabilities |
9.371
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8.470 |
4.566 |
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Net Current Assets |
9.690
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8.936 |
7.523 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
12.821 |
11.400 |
10.333 |
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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 |
35.016 |
31.967 |
25.789 |
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Other Income |
0.850 |
1.049 |
1.164 |
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Total Income |
35.866 |
33.016 |
26.953 |
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Profit/(Loss) Before Tax |
0.688 |
0.552 |
0.497 |
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Provision for Taxation |
0.325 |
0.278 |
0.184 |
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Profit/(Loss) After Tax |
0.363 |
0.274 |
0.313 |
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Expenditures : |
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Depreciation & Amortization |
0.371 |
0.439 |
0.444 |
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Other Expenditure |
34.807 |
32.025 |
26.012 |
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Total Expenditure |
35.178 |
32.464 |
26.456 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
1.01
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0.83 |
1.16 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.96
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1.73 |
1.93 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
18.43
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2.78 |
3.34 |
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Return on Investment (ROI) (PBT/Networth) |
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0.18
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0.16 |
0.16 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.94
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4.89 |
3.79 |
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Current Ratio (Current Asset/Current Liability) |
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2.03
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2.06 |
2.65 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered Office of the Company has been shifted from AN-28 B,
Shalimar Bagh, Delhi – 110 088 to the present w. e. f. 011.04.2008.
Trade References:
- Secure Meters Limited
- Godrej
- Eureka Forbes
OTHER INFORMATION:-
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PARAMETER |
DETAIL |
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Statutory
Approval |
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Income Tax Registration |
AAACH2529N |
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VAT / TIN Registration |
07590148121 |
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Name of Bank |
State Bank of India |
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Current Account Number |
10740279938 |
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Credibility
Factors |
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India Mart Client Since |
7-8 years |
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Trade
Affiliations |
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SSI Registration |
55/55/523 |
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Standard and
certifications |
1/QSC-1317 |
Notes:
(All the machineries are “C “Certified)
WEBSITE DETAILS:
The company is an ISO 9001 : 2000 Certified Company ,
engaged in the manufacturing of Switches
and Sensors for Security Alarm Systems , Magnetic Door Contacts, Magnetic
Security Switches and host of other Sensors and Accessories for Security Alarm
systems apart from premium quality Reed Relays , Proximity
Switches (Magnetic / Inductive / Photo-electric, Capacitive) and Magnetic Float
Switches.
The company has a strong team of qualified engineers
to look after the production, marketing and R and D functions of the company.
The products manufactured meet the standard specification as per IS/JSS and the
individual components pass through stringent quality performance checks backed
by latest testing facilities available in the field.
The company enjoys the support of
wide customer network. The products manufactured are exported to United State Of America , Europe, Australia and
Other countries throughout the world.
Their Customers in Govt, Public and Private Sectors are highly satisfied with
the excellent quality Performance of their products .
The company has pioneered in introducing
Magnetic Switches for Security industry in India . Now the company manufactures
and exports wide range of Magnetic Switches and other Sensors like Surface
Mount type, Recessed Mount type and special type of Magnetic Switches for
Roller Shutter and Steel Doors, PIR Sensors, Pet Immune Sensors, Occupancy
Sensors, Panic Switches, Glass Break Sensors, Vibration Sensors to name a few.
Product Range
The company provides a
comprehensive range of premium quality products that have created waves in the
market .The flawlessly designed products are available in the following wide
range :
* Magnetic Security Switches
·
Surface Mount
Type
·
Recess Mount Type
·
Special Type for Roller Shutter / Garage Doors and
Steel Doors
·
Panic / Emergency / Exit
Switches
* Sensors For Security Alarm System
· Vibration Sensors / Detector
·
Glass Break Sensors / Detectors
·
PIR Sensors / PIR Motion Detectors
·
Pet-wise / Pet-Immune PIR Sensors
·
PIR Sensors For Light Control / Energy Saving Sensors
·
Occupancy Sensors / Sensors For Energy Management
* Foot
Switches
* Hooters / Sirens
* Twin / Dual Photobeam Sensors
* Electric Door Strikes
* Electro Magnetic Locks
· Proximity Switches
· Magnetic Switches
· Inductive Switches
·
Photo-electric
Switches
· Capacitive Switches
· Magnetic Float Switches
· Water Level Indicators and Controllers
· Automatic Tap Sensors and Auto Flush Sensors
Quality
It has been the endeavour of the company to meet the varied requirements of
customers through its premium quality products. The company leaves no stone
unturned in achieving customers satisfaction
Before designing any products,
customer needs are anticipated and accommodated in the final designs. The
products are manufactured as per the specifications of IS/JSS under the
guidance of Experienced Engineers. Not only the products are thoroughly checked
before they are sent in the Market.
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.59 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.99 |
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 |
|
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 |
|
|
>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 |
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