%20PRIVATE%20LIMITED-133260%2026-Feb-2011_files/image002.jpg){kind=small}
BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
J. P. ELECTRONIC
DEVICES ( |
Principal Name 1 |
Mr. Monish Sudhakar Satwe |
|
Status |
Moderate |
Principal Name 2 |
Mr. Harshao Nanalal Mehta |
|
|
|
Registration # |
11-138963 |
|
Street Address |
16/F/1, Samrat
Silk Mill Compound, Near Godrej Showroom, LBS Marg, Vikhroli (West),
Mumbai-400 079, Maharashtra, India |
||
|
Established Date |
31.01.2003 |
SIC Code |
-- |
|
Telephone# |
91-22-61110222 |
Business Style 1 |
Distributor |
|
Fax # |
91-22-67969976 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
Semi Conductor |
|
|
# of employees |
25 (Approximately) |
Product Name 2 |
- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
- |
|
Shareholders |
- |
Banking |
HDFC Bank |
|
Public Limited Corp. |
NO |
Business Period |
7 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2004 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
|
Current Liabilities |
|
|
Inventories |
|
Long-term Liabilities |
|
|
Fixed Assets |
|
Other Liabilities |
|
|
Deferred Assets |
1,549,000 |
Total Liabilities |
1,549,000 |
|
Invest& other Assets |
|
Retained Earnings |
|
|
|
|
Net Worth |
|
|
Total Assets |
|
Total Liab. & Equity |
|
|
Total Assets (Previous Year) |
- |
|
|
|
P/L Statement as of |
31.03.2004 |
(Unit: Indian Rs.) |
|
|
Sales |
29,107,000 |
Net Profit |
127,000 |
|
Sales(Previous yr) |
- |
Net Profit(Prev.yr) |
- |
%20PRIVATE%20LIMITED-133260%2026-Feb-2011_files/image003.gif){kind=small}
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MIRA
INFORM REPORT
|
Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
J. P. ELECTRONIC DEVICES ( |
|
|
|
|
Registered
Office : |
16/F/1, Samrat Silk Mill Compound, Near Godrej Showroom, LBS Marg,
Vikhroli (West), Mumbai-400 079, |
|
|
|
|
Country : |
|
|
|
|
|
Financial As
on: |
31.03.2004 |
|
|
|
|
Date of Incorporation
: |
31.01.2003 |
|
|
|
|
Com. Reg. No.: |
11-138963 |
|
|
|
|
CIN No.: |
U30007MH2003PTC138963 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08023B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ2102L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Semi Conductors |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 900 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed the financial of the company with the government
Departments. Payment terms are not known. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Monish Satwe |
|
Designation : |
Director |
|
Contact No.: |
91-22-61110222 |
|
Date : |
24.02.2011 |
LOCATIONS
|
Registered Office : |
16/F/1, Samrat Silk Mill Compound, Near Godrej Showroom, LBS Marg,
Vikhroli (West), Mumbai-400 079, Maharashtra, India |
|
Tel. No.: |
91-22-61110222 |
|
Fax No.: |
91-22-67969976 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Monish Sudhakar Satwe |
|
Designation : |
Director |
|
Address : |
B/5/138, Rajawadi Co operativ Housing Society Limited, Rajawadi,
Ghatkopar (East), Mumbai-400 077, |
|
Date of Birth/Age : |
20.07.1954 |
|
Date of Appointment : |
31.03.2003 |
|
|
|
|
Name : |
Mr. Harshao Nanalal Mehta |
|
Designation : |
Director |
|
Address : |
19/B/2, Sindhi colony, Sion (West), Mumbai-400 077, |
|
Date of Birth/Age : |
22.04.1979 |
|
Date of Appointment : |
31.03.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Monish Sudhakar Satwe |
|
500 |
|
Harshao Nanalal Mehta |
|
500 |
|
Total |
|
1000 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Semi Conductors |
|
|
|
|
Exports : |
|
|
Products : |
Semi Conductor |
|
Countries : |
·
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
25 (Approximately) |
|
|
|
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400 013, Maharashtra, India |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayant Mehta and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.100/- Each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- Each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.127 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.227 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.322 |
|
|
TOTAL BORROWING |
|
|
1.322 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.549 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.035 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
|
|
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
|
|
1.491 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
|
|
|
Net Current Assets |
|
|
1.491 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.023 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.549 |
|
%20PRIVATE%20LIMITED-133260%2026-Feb-2011_files/image005.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2004 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
|
|
29.107 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
|
28.898 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
0.209 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.082 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
0.127 |
|
|
|
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2004 |
|
PAT / Total Income |
(%) |
|
|
0.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.92 |
|
|
|
|
|
|
LOCAL AGENCY FURTHER INFORMATION
Note:
Registered office of the company has been shifted from B/5/138, Rajawadi
Co- Operative Housing Society, Rajawadi, Ghatkopar – (East), Mumbai-400 077,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U30007MH2003PTC138963 |
|
Name of the
company |
J. P. ELECTRONIC DEVICES ( |
|
Address of the registered
office or of the principal place of
business in |
16/F/1, Samrat Silk Mill Compound, Near Godrej Showroom, LBS Marg,
Vikhroli (West), Mumbai-400 079, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Hypothecation |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400 013, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
hypothecation |
|
Date of
instrument Creating the charge |
23.08.2006 |
|
Amount secured by
the charge |
Rs.5.000 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
1) The facility provided
to the borrower is in the nature of cash credit facility. 2) The bank is
entitled to charge interest at such other rate as may be determined by the
bank from time to time. 3) The charge and
hypothecation shall continue to subsist till such time all the borrower dues
have been repaid in full. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge on all the stock in trade both present and future
consisting of raw materials, finished goods, goods in process of manufacturing
and other merchandise, fixed assets and whatsoever being movable properties
and all the Book Debts, Outstandings monies receivable, claims and bills. |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
|
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.