MIRA
INFORM REPORT
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Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAS ENTERPRISES |
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Registered Office : |
60, Shreenathji Estate,
Near Soni Ni Chawal, Panna Estate Road, Behind BOC Gases, Rakhil, Ahmedabad –
380023, Gujarat, India |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1990 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JLDJ01219B |
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PAN No.: [Permanent
Account No.] |
ADEPC0768J |
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Legal Form : |
Sole Propriotory Concern |
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Line of Business : |
Manufacturer and Exporter of Food Processing machines
like pulverises, Pulverizing Equipments etc. |
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 5000 |
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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 satisfactory track. Trade relations are fair.
General financial position is satisfactory. Payments are usually correct and
as per commitments. The concern can
be considered normal for business dealings at usual trade terms and conditions. The concern has
been converted into proprietory concern form partnership concern, as
confirmed by Mr. S. M. Sheth. |
INFORMATION PARTED
BY
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Name : |
Mr. S M Sheth |
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Designation : |
Proprietor |
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Contact No.: |
91-9427417384 |
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Date : |
16.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
60, Shreenathji
Estate, Near Soni Ni Chwal, Panna Estate Road, Behind BOC Gases, Rakhil,
Ahmedabad – 380023, Gujarat, India |
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Tel. No.: |
91-79-22743454 |
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Mobile No.: |
91-9426088680 /
9825052735 / 9426180142 |
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Fax No.: |
91-79-22745062 |
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E-Mail : |
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Website : |
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Area : |
2500sq.
ft.(Owned) |
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Branch Office : |
4/B, Motilal Park,
Behind Purnand Ashram, Navarangpura, Ahmedabad – 380009 |
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Tel. No.: |
91-79-22745062 |
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Mobile No.: |
91-9426088680 /
9825052735 / 9426180142 |
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Fax No.: |
91-79-22743454 |
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Dealers Network: |
dealer
network ·
Maharashtra ·
Madhya
Pradesh ·
Rajasthan ·
Orissa ·
west
Bengal ·
Utter
Pradesh ·
Andhra
Pradesh ·
Karnataka ·
Tamilnadu ·
Keral |
SOLE PROPRITOR
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Name : |
Mr. S. M. Sheth |
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Designation : |
Proprietor |
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Address : |
S-31, Shivaji
Park Punjabi Bagh, Ahmedabad - 380023 |
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Date of Birth: |
62 Years |
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Mobile No. : |
91-9426180142 |
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Qualification : |
B.E Mechanical |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Food Processing
machines like pulverises, Pulverizing Equipments etc. |
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Products : |
Size reduction equipments v
Mono
pulverizer v
Mini
pulverizer v
Mini
pulverizer with water circulating system v
Multi
chamber pulverizer v
Impact
pulverizer v
Hammer
mill v
Pounding
machine v
Dalia
making machine v
Table
top flour mill v
Domestic
flour mill v
Vegetable
cutting machine v
Commercial
Mixture Grinder v
Commercial
Wet and dry Grinder v
Gravy
Making Machine v
Masala
( Spices) Mil v
Cashew
nut, pistachio, almonds cutting machine v
Pistachio,
Almonds chips cutting machine v Juicer Machine Food processing machine & equipments v
Tw-777
& tw-778 Saviya making machine v
Noodle
making machine v
Semi
automatic papad making machine with kneeder & extruder v
Papad
Rolling machine v
Pani
puri Goal Gappa making machine v
Semi
automatic Chappati making machine v Mini dall mill |
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Exports : |
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Countries : |
·
Europe ·
USA ·
Far East ·
Africa ·
Middle East ·
South East
Asia |
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Imports : |
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Countries : |
Europe |
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Terms : |
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Selling : |
L/C, Cash and 60
days Credit |
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Purchasing : |
L/C, Cash and 60
days Credit |
GENERAL
INFORMATION
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No. of Employees : |
25 (Office 3, Factory 22) |
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Bankers : |
Central Bank of
India, HLCC Area Branch, Navrangpura, Ahmedabad. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Techno Agencies Address: 6-A, Navarang pura, Ahmedabad, Gujarat, India Line of business: Manufacturer and Exporter of Food Processing
machines like pulverises, Pulverizing Equipments etc |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 Million (Estimated) |
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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7.000 |
Expected Sales (2008-09) : Rs. 12.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As Per
Website
Company
Profile
The
recent merger of Jas enterprises and Techno Agencies combines the experience and
knowledge of two companies with over 15 years of manufacturing expertise in the
field of size reduction equipment & food processing machinery &
equipments.
Equipment
manufactured by Jas Enterprise can be found throughout the national &
international in virtually all markets. Typical customers include those
involved in food, pharmaceutical, mining, glass, and ceramic, agricultural,
recycling, wood, cattle feed, and dry chemical industries. They manufacture
equipment in sizes ranging from laboratory scale to heavy-duty industrial
models.
At Jas
Enterprise they take great pride in their ability to custom tailor equipment to
meet the exact specifications of the client. By design modifications they
produce equipment that can perform multiple functions including grinding,
pulverizing.
Commitments
Major contribution for supplying Pulverisers, pulverizing equipments, impact
pulverizes, hammer mill, floor mill, maize mill, grinder, crusher, pounding
machine, noodle making machine, vermicelli machine, semi & fully automatic
papad making machine, size reduction equipments in major industries, hotels,
cottage, laboratory, domestic etc. across India, through co ordination with
their reputed dealer network, They strictly follow defined quality objectives
at all levels of controls of manufacturing process by them. Basic motto of Jas
Enterprise & Techno Agencies is to turn their knowledge in to value for
benefits of their all customers.
Quality Objective
The basic objective of the company's team management is to get and supply only
those quality products, which can get the customer's necessary & essential
requirement as per international standards of performance, quality, &
reliability.
Growth Strategy
With use of quality management system they achieve excellence in
all business operations. They are not only focusing on order fulfillment
process but are also promoting a continuous improvement of quality of their
products. They develop culture of self-confidence, best skill & resources
to maintain its competitive advantage. They not only provide customer
satisfactions through technology but also delivered real business benefits.
Hence they exploit technologies to maximize convenience of customers.
Free
Test Services: -
Jas
Enterprise offers a free of charge test grinding facility to prove the
capabilities of their equipment on any given material. This testing allows
their knowledgeable engineering staff to select the proper mill size and mill
set-up so as to provide optimum performance on any given material.
Marketing,
Distribution & Service Network: -
Marketing strategies are also conducted from time to time. Company has a vide
dealer network in all majored developed, developing & undeveloped cities as
well as also district level with all developed states and developing state.
Inspection:
1) Stage inspection carried prior to final testing
2) On
successful completion of test, a check listing is carried out to check all
critical parameters / area/ components.
3) On
successful check test, pilfer proof seal for dispatch is affixed.
Dispatches:
1. · Packing is done as per packing instructions
2. ·
Product is dispatched as per delivery schedule of customer.
Manufacturing stages are traceable up
to operator level for review of system in case of any field failure reports.
Incoming materials are subjected to inspection and test reports are retained
for future use.
Major components are traceable up to origin for review of purchase policy.
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.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
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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