MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAYA INDUSTRIES |
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Registered Office : |
543, Jessore Road, Kolkata 700028, West Bengal. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1969 |
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IEC No.: |
0206007175 ( For Jaya Marketing and Export ) |
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PAN No.: [Permanent
Account No.] |
ADRPB6879J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Machinery for Dairy food Industries, Chemical and Pharmaceutical Industries. |
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 7500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but 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. Payments are reported as slow but correct. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. P. P. Bhattacharya |
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Designation : |
Marketing Dept |
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Contact No.: |
91-9231694285/91-9433356344 |
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Date : |
11.10.2008 |
LOCATIONS
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Registered Office : |
543, Jessore Road, Kolkata 700028, West Bengal. |
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Tel. No.: |
91-33-25513568 |
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Mobile No.: |
91-9231694285/91-9433356344( Mr. P.P.Bhattacharya). 91-9433005594(Mr.Gautam Barui) |
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Fax No.: |
91-33-25513568 |
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E-Mail : |
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Website : |
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Area : |
1400 sq ft |
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Location : |
Owned |
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Factory 1 : |
527,R.N. Guha Road, Kolkata 700028 |
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Tel. No.: |
91-33-32549370 |
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Area : |
3000 sq ft. |
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Location : |
Owned |
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Factory 2 : |
2 Plot R.N. Guha Road, Kolkata 700028 |
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Area : |
1500 sq ft |
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Location : |
Owned |
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Factory 3 : |
15/11, Mall Road, Kolkata 700080. |
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Tel. No.: |
91-33-32549610 |
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Area : |
8000 sq ft |
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Location : |
Owned |
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Factory 4 : |
17/10, Mall Road, Kolkata 700080. |
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Tel. No.: |
91-33-32549363 |
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Area : |
11000 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Pratima Barui |
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Designation : |
Proprietor |
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Date of Birth/Age : |
65 Years |
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Qualification : |
B.COM |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Machinery for Dairy food Industries, Chemical and Pharmaceutical Industries. |
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Products : |
·
SS Fabrication ·
SS Tank ·
Ice Cream Plant turnkey ·
Milk Tankers ·
Heat Exchangers Shell & tube ·
Plate heat exchanger ·
Bio diesel plants equipments |
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Terms : |
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Selling : |
Cash /Credit (30 Days) D/D |
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Purchasing : |
Credit (60 Days) Cheque |
GENERAL
INFORMATION
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Customers : |
WEST BENGAL : ·
West Bengal Milk Federation ·
Bhagirathi Milk Union ·
Ichhamati Milk Union ·
Midnapur Milk Union ·
Himul ·
Kwality Walls ·
Pepsico India Holdings ·
Britannia ·
India Dairy Products Ltd
(Amul) ·
Dolon Food Products ·
Hooghly Dairy Pvt. Ltd. ·
Meadow Foods
Speciality A Closely Held Public Limited
Liability Company ·
Diwan's Hygienic ·
Mother Dairy, Kolkata ·
Metro Dairy, Kolkata ·
Central Dairy ·
Haringhata Dairy ·
Acalmar Oils And Fats A Closely Held Public Limited Liability
Company ·
Rollick Ice Cream ·
Big-Ones Ice Cream ·
Tulica Ice Cream ·
Thacker Dairy ·
Dabur ·
Emami ·
Hindustan Level Ltd. ·
Modern Bakeries Ltd. ·
Lipton Tea BIHAR : ·
Bihar Milk Federation ·
Barauni Dairy ·
Muzaffarpur Dairy ·
Bhagalpur Dairy ·
Samastipur Dairy ·
Ara Dairy ·
Patna Dairy ·
Ganga Dairy ·
Anuj Dairy ·
Kishangunj Dairy ·
Jharkhand ·
Jamshedpur Dairy ·
Ranchi Dairy ·
Bokaro Dairy ·
Nb Ice Cream ·
Chattisgarh ·
Subha Dairy ORISSA: ·
Orissa Milk Federation ·
Puri Milk Union ·
Cuttack Milk Union ·
Raurkela Dairy ·
Sambalpur Dairy ·
Berhampore Dairy ·
Celeste Ice Cream ·
Frosty Ice Cream ·
Amrit Ice Cream ·
Andhra Pradesh ·
Vishakha Dairy ·
Dolphin Dairy ·
Royal Line Ice Cream Pvt. Ltd ·
Sikkim ·
Sikkim Dairy ·
Meghalaya ·
Arall Dairy ·
Bangladesh ·
Rangpur Dairy OVERSEAS MARKET : ·
Rangpur Dairy ·
Bangladesh |
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No. of Employees : |
60 |
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Bankers : |
Salt Lake Branch,
Kolkata.
Dum Dum Alagar Bazar Branch. |
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Facilities : |
The concern doesnot enjoy facility from its banks |
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Auditors : |
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Name : |
Nandi and Associates Chartered Accountant. |
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Address : |
Kolkata |
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Associates/Subsidiaries : |
235, Jessore Road, Kolkata, W.B. 700028. Tel No:
91-33-25513568 E-Mail:
jaya-ind@vsnl.net
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 Millions ( Estimated ) |
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Borrowed : |
NA. |
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Total : |
Rs. 1.500 Millions ( 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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19.800 |
Expected Sales (2008-09) : Rs.2.900 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 19671298040 |
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IEC Code : 0206007175 ( For Jaya Marketing and Export) |
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PAN / TAN : ADRPB-6879J |
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Bank Name : Standard chartered Bank |
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Bank Address :Salt Lake Branch. |
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Bank A/c. No.: 32505036529. |
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Account Since : 2006. |
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Bank Name : UCO Bank |
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Bank Address : Dum Dum Nagar Bazar Branch. |
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Bank A/c. No.: 206204 |
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Account Since : 2000 |
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In case of any affiliations / memberships / certifications : |
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Name : ISO |
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Type : 9000:2001 |
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Expiry Date :Certificate No: 28998/A/0001/UK/EN/ Date
Issue:29.04.2008, Date Expiry: 25.04.2011 |
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Additional Information : CST: 19671298234 |
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Website Details attached:
Profile:
Subject an ISO 9000 - 2001 Certified is a large equipment
manufacturing and project Engineering company in the Eastern part of India in
the field of dairy, food,brewery, chemical and pharmaceutical industries. They
are manufacturing Equipment for these industries and also executing projects on
turnkey basis. Subject is located at DumDum in the state of West Bengal.. The
nearest airports is at Kolkata (3 KM) . Their place is well connected with road
and rail with major centres in India. Subject is involved in the following
activities for the food, dairy,beverage and brewery industry.
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Project engineering
and process automation for the total project including design, supply of equipment
and its installation, testing and commissioning. They set up projects for
Dairy, Food, Beverage, Brewery plant and modules along with services such as
refrigeration plant, electricals,steam generation, water and soft water
distribution, air distribution etc. the plants executed by them include a wide
range from small manual plants to fully automated controlled process
installations.
• Fabrication of
equipment for beverage, brewery, dairy, food & pharmaceutical industries to
sanitary design meeting with various national and international
standards.
• Manufacturing of Flow equipment including SS fittings, Process valves and SS
pumps of Sanitary design.
• Manufacturing of heat exchangers for Dairy, Food, Beverage,
Brewery,Refrigeration and other industrial applications.
FABRICATION SHOP:
Subject is having a
fabrication shop of 1000 sq. mtr. Covered area which includes 3 sheds. This
workshop is used for the fabrication of stainless steel equipment for food, dairy,
beverages, brewery and pharmaceutical industry. The workshop is exclusively
used for manufacturing of stainless steel equipment only. The fabrication shop
is well equipped with material handling facility, plate bending machine,
nibbling machines, plate rolling machines,shearing machines and welding
machines. The fabrication shop at subject is one of the best available in the
Eastern Sector for manufacturing SS equipments. They have a work force of 30
peoples in factory and work in two shifts operation.
MACHINE SHOP:
Subject has a small but well equipped machine shop, which consists of Lathe
machines, milling machines, grinding machines, drilling, boring and other
general-purpose machines. This is being used for production of SS
Fittings,valves, bends ,valves, spray balls, tank doors and fittings, ball
feets, flanges,centrifugal and positive screw pumps etc.
Work shed area of Jaya Industries...
1. Fabrication shop-1 : 3000
sqft
2. Fabrication shop-2 : 1500 sqft
3. Fabrication shop-3 : 8000 sqft
4. Fabrication shop-4 : 11000 sqft
5. Machine shop : 1200 sqft.
Subject is a large equipment manufacturing and project Engineering company in the Eastern part of India in the field of dairy, food, brewery, chemical and pharmaceutical industries. They are manufacturing Equipment for these industries and also executing projects on turnkey basis.
Their equipment manufacturing covers pharmaceuticals equipments, Bio diesel
plants equipments, Bio technological equipments, Food processing equipments,
Brewery equipments, Beverages equipment. Apart from equipment manufacturing we
produce SS Fabrication, SS Tank, SS Centrifugal Pump, SS Fittings, Bulk
Coolers, Milk Tankers, Heat Exchangers Shell & tube, Plate heat exchanger,
Dairy Plant and Ice Cream Plant.
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.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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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54 |
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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