MIRA
INFORM REPORT
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Report Date : |
27.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
JADHAV POWERTECH |
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Registered Office : |
C -11, Unit No - 45, Midc,
Satpur, Nashik – 422 007, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
2005 |
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PAN No.: [Permanent
Account No.] |
ACAPG5053J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Electronic Equipments used for Invertor. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern in its field. Trade relations
are fair. Scale of activity is limited. Payments are reported as usually
correct and as per commitments. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Jadhav Balasaheb Shivaji |
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Designation : |
Proprietor |
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Date : |
25.09.2008 |
LOCATIONS
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Registered Office/ Factory : |
C -11, Unit No - 45, Midc,
Satpur, Nashik – 422 007, Maharashtra, India |
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Tel. No.: |
91-253-3299387 |
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Mobile No.: |
91-9890626871 / 9225113487 |
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E-Mail : |
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Area : |
1000 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Jadhav Balasaheb Shivaji |
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Designation : |
Proprietor |
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Age : |
43 years |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electronic Equipments used for Invertor. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers |
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No. of Employees : |
9 |
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Bankers : |
Nashik Merchant Co-op Bank, Satpur MIDC, Nashik – 422 012,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Chaudhary Chartered Accountants |
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Associates/Subsidiaries : |
VR Power Zone Address : 8 Ashok Vihar, Ashok Nagar, Satpur, Nashik – 422 012,
Maharashtra, India |
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 (Estimated) |
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Sales Turnover |
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4.000 |
Expected Sales (2008-09): Rs.10.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
JADHAV POWERTECH |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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VAT / TIN Registration |
27950233632 |
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Name of Bank |
Nashik Merchant Co-op Bank |
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Current account Number |
3487 |
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Account Since |
4 years |
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Creditability Factors |
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India Mart Client Since |
6 month |
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Trade Affiliations |
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SSI Registration |
111614045 |
TRADE REFERENCES:-
· Mr. Pandey, Upper Con Techanic, Nashik
· Mr. Sunil, R K Industries, Nashik
WEBSITE DETAILS:-
Being incepted in the year 1998, they have been a professionally managed
firm engaged in manufacturing and supplying a unique range of environment and
user friendly electronic equipment including industrial online ups, decorative
solar garden lights, etc. Under the able guidance of their owner, Mr. Jadhav,
they are working as passionate firm with zeal to achieve excellence in the
concerned global sphere.
They have been attaining the success on the grounds of hardworking and
motivated workforce along with ample industrial experience which has made them
a reckoned name in the power solution industry. Leveraging on state-of-the-art
infrastructural unit, they have been solely dedicated to the supply solar
energy power systems and power back up solutions as they realize the fact that
these technically advanced products are the solution to their energy future.
Satisfying their clients with an excellent range of power solution systems,
they have been enjoying fruitful relationship with them and are constantly striving
to add a number of new clients aiming to embrace profitable business. Their
users are satisfied with their product range and services that is reflected
through their feed backs.
They have added a range of installation and on-site services for their clients
apart form manufacturing products and have been appreciated by their global
clients.
To deliver the best quality products, they have followed a quality management
process that adheres to international standards. They are backed by a pool of
quality personnel who regularly check the production process to ensure that
they leave no loopholes for any kind of flaws to occur. 
Product portfolio
Innovation through extensive research and development has helped them in
manufacturing power back up systems and solar lights that have been widely
appreciated for high intensity and energy efficient features. Their gamut of
electronic equipment are manufactured using All Electrical components, semi
conductor, copper wire, lamination, cabinet, switches, PVC wires, screws to
fabricate includes Mini Lighting UPS AC, Solar Home Lighting System,
Solar Garden Light, Solar Street Lights, High Frequency Inverters, Online UPS,
Home UPS and Mini Lighting UPS. The unique attributes of their range of
products are :
· Better overload management
· Advanced motoring function
· Configured solutions
· High sensitivity
· Power savers
· Environment friendly
· Low absorption or retention value
· Noiseless operation
· Better illumination capacity
· Simple installation
· Reliable
· Appliance friendly
Predefined load
segment control
Further, they take pride in their efficiency in manufacturing power control
products, which strictly comply as per the specifications of their clients.
Their extensive experience in this field enables them to offer customized
solutions regarding high quality design and manufacturing.
Value Added Services
They have been able to achieve complete customer satisfaction through
their quality products and after-sales support services. Their core competency
lies in providing prompt and reliable services in terms of the installation of
the solar products at the clients’ site. Each and every product is accompanied
with a user manual to guide through the operational and installation measures
of the product. They provide following after-sale support services:
· Installation Training
· Operational Training
· On site Support
Sectors they cater to
The range of their power back up and solar systems find varied
application in a number of sectors that include :
· Telecom
· Information technology
· Automotive
· Medical
· Domestic
· Municipal
· Heavy engineering industries
· Textile
· Electrical and electronics
Application areas
Equipped with sophisticated technology, their products find usage in a
number of industrial applications that includes :
· Water supply
· Electric power
· Mining equipment
· Mixer
· Paper making
· Metallurgical processes
Infrastructure
Their sound and sophisticated infrastructure plays a crucial role in
enabling them to meet the specific requirements of the industry. Spread in an
area of 10000 square feet, their manufacturing unit has an installation
capacity of 10000 units. Cutting-edge technologies and state of the art
machinery installed at their unit have geared them to face the global
challenges and steer towards perfection while making up a mark in the field.
Some of the machines installed at their unit are :
· Automatic soldering machine
· Cutter
· Welding machine
· CNC machine
Further, they also have an in-house designing unit where in
conceptualize and design new equipments in accordance with the specific
requirements of the market.
Team of Experts
Experienced technicians and engineers are the main forte behind their
concern's success. Their extensively experienced team members take care of
every activity right from the procurement of their equipment to the dispatch of
the same to the client’s base. They have a team of technicians, electrical
engineers, Software and multi media specialists, quality monitors, sales and
marketing professionals, researchers and development professionals. All
their employees follow concern’s code of conduct and ethical policies that
comprise of :
· Honesty
· Integrity
· Customer satisfaction
Innovation
Their technicians and engineers help them in proper conceptualization,
designing, system engineering, erection and commissioning of their plants and
UPS systems that help them in rendering effective after sales services.
Quality Assurance
Being a quality driven concern their finished products are known for
strength and reliability. They are known for providing fault free power back up
systems and solar systems and many more allied products that can be used in as
an excellent medium for power generation assuring uninterrupted power
consumption. Their quality personnel maintain strict quality checks at
every stage of product development right from the procurement of the raw
material to the final shipment of the manufactured products. They take adequate
measures to ensure that their products abide by international quality norms.
Some of the parameters, they carry quality test includes :
· Type of panel
· Reflective lens size
· External and internal wiring
· Material composition
· Load segment control
· Noiseless operation
· Sensitivity
· Illumination capacity
· Absorption or retention value
· Overload management
· Transient voltage
· Harmonics
· Electrical system construction errors
· Voltage balance
Through their diligence efforts in order to produce and deliver the best
grade finished products, they have become the most trusted brand in the
industry.
Research and development
They ensure to undertake rigorous research and development to keep their
selves abreast with the latest technology / trend used in the processes of
manufacturing a line of power generating equipment. The focus of the solar
biomass thermal power program is undertaken based on wide research in terms of
designing, development, standardization and demonstration considering all
aspects of the current and emerging technologies. Similarly a number of R and D
projects have been taken up to produce solar biomass power for domestic,
industrial and needy government Sectors. Some of the activities that are e
regular feature at their R and D department includes:
· TC structure for programming
· Innovating new ideas for new products
· Extensive market analysis
· Maintaining a close proximity with end-users and customers
Social responsibility
With the rising concerns among the world community towards
"greenhouse" effect and increasing global temperatures, the demand of
solar technology based products is increasing day by day. They have created
breakthroughs in the department of “power saving” measures. Their products are
ideal as energy savers used in lighting roads (street lamps and industrial
lighting control). Their electrical items are completely environment friendly
as they do not emit any smoke, harmful elements, industrial waste and are long
lasting products.
Customer satisfaction
Their concern with industry integration expertise provides professional
solution to accommodate customer’s specific needs in home and office appliances,
mobile applications, marine, solar power applications electronic equipments,
and various applications.
The world-class quality products offered by them have earned them a
reputation of a high degree and have helped them gain substantial clients from
varied sectors such as builders, corporate, architects and others across the
country. their technical support and free installation services help them in
sharing good rapport with their clients. Further their competitive prices,
timely deliveries attract their customers to deal with them.
Why Them?
They stay ahead of their competitors on the grounds of :
· Efficient and energy saving equipment
· High performance life
· Hassles free monetary transactions through Cash and Demand Draft
· Effective after sales service
· Customized equipment and packing
Products
Solar Home Lighting Systems
Offers a unique series of solar home lighting systems, they offer their
clients home lightning systems that are powered by solar energy using solar
cells that convert solar energy (sunlight) directly to electricity. Powered
with a solar module and rechargeable battery these provide 150 VA of AC power
and are useful in non-electrified rural areas and as reliable emergency
lighting system for important domestic, commercial and industrial applications.
With a full static operation and no relays, these are available with Deep
discharge, overcharge, overload and short circuit protection and an optional
CCCV charging from 85 volts to 275 volts ac mains supply. The SPV systems have
found important application in the dairy industry for lighting milk collection/
chilling centers mostly located in rural areas and are useful in 15 inch color
TVs, hand held games, laptops, lamps and fans etc.
Solar Garden Lights
Blending the expertise of their skilled professional and innovative
technologies, they deliver a distinctive series of solar garden lights that
have fully static operation with no relays and thus results in high efficiency.
Equipped with autonomy for no sunshine day, these have the option of auto
on-off dusk to dawn operation. These are fitted with PL-9, PL-11 and PL-18
lamps are known for easy installation and are maintenance free. These find
application at road, yards, colonies and townships.
These are available in power range of 9 W, 11 W and 18W.
Solar Street Lights
Designed and developed for outdoor application in unelectrified remote
rural areas. Their range of solar street lights is an ideal application for
campus and village street lightning. Provided with battery storage backup
sufficient to operate the light for long hours, these are fitted with PL-9,
PL-11 and PL-18 lamps. Equipped with automatic ON/OFF time switch for dusk to
down operation, these find application at road, yards, colonies and townships.
These are available in power range of 9 W, 11 W and 18W.
High Frequency Inverters
They offer precision engineered high frequency inverters that are small
in size and light in weight. CCCV charging from 85 volts to 275 volts ac mains
and a deep discharge, overcharge, overload and short circuit protection.
Equipped with MOSFET based high frequency digital technology with LED display,
these are generally applied for household, T.V sets, fans, tube lights, etc.
Online UPS
Adopting latest technological advancements, they fabricate a range of
online UPS with high efficiency. Equipped with an auto sense intelligent smart
changer, they offer total reliable solutions with superior power quality.
Fitted with necessary protections such as short circuit, thermal, battery low/high,
mains MCB trip etc and a comprehensive display, these UPS are known to have
third harmonic distribution as low as 23%. With an output regulation of 12% on
main mode, these equipment can be applied in :
· Life saving
· Life Saving Medical Equipments
· Emergency Power Systems
· Aviation Broadcasting
· Satellites receiver
· Workstations centers
· Major power back up source in corporate as well as cal centers
· Available in 220 V configuration with wattage ranging from 600 W to 1200 W.
Home UPS
Providing an ideal solution for intermittent power cuts, they
manufacture home UPS that is invaluable equipment in power cut situations.
Enhancing security and comfort, it is a fully automatic electronic unit that
provides power for lamps, tube lights, fans, TVs, VCR, cordless phones, audio
system and other household electrical appliances.
Available in 220 V configuration with wattage ranging from 600 W to 1200 W.
Digital UPS
They offer light weighted Mini Lighting UPS AC that are portable and can
be wall mounted. This is maintenance free electrical equipment which is
equipped with Deep discharge, overcharge, overload and short circuit
protection. Available in 90 watt model and CCCV charging from 85 volts to 75
volts AC, their range of UPS AC is adopted with MOSFET based high frequency
Digital technology with LED display. This equipment finds varied application in
various electrical appliances such as fans, tube lights, CFL tubes, portable
TV, DVD player and DTH etc. these are highly useful for PCO, coin box,
engraving machines, weighing machines, drilling machines, laptop and mobile
charging.
Lighting UPS
They offer an unique range of MINI LIGHTING UPS that are available in
different models with or without battery with a power back up of 14
watt-90watt. Based on MOSFET technology and PWM technology, these have LED
display and are small in size, light in weight and portable. These can be
completely charged with in 8 hours and are available with deep discharge,
overcharge, overload and short circuit protection. Being a maintenance free
product, these are used to light up all types of CFL tubes, Mobile charging,
Light back up for vendors, shopkeepers, weekend campaign trip.
Available in 12 V, 20v configuration with wattage ranging from 6 W
to 75 W.
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 concern 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 concern’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 |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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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29 |
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
|
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 |
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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 |
|
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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