MIRA
INFORM REPORT
|
Report Date : |
03.03.2011 |
Note:
The correct name of the company is Sahajanand
Technologies Private Limited.
IDENTIFICATION DETAILS
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Name : |
SAHAJANAND TECHNOLOGIES PRIVATE LIMITED |
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Formerly Known As : |
SAHAJANAND LASER
TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
401, Gandhi
Smruti Apartment, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
15.03.1993 |
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Com. Reg. No.: |
04-19133 |
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CIN No.: [Company Identification
No.] |
U72900GJ1993PTC019133 |
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IEC No.: |
0893003638 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS00836D |
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PAN No.: [Permanent Account No.] |
AADCS4343N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier,
Trader and Exporter of Diamond Cutting Laser Machine, Laser Spot Welding
Machine, Card Personalization Laser Systems, Rapid Prototyping Machine, Laser
Engraving Machine. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
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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 1295000 |
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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 and reputed company having satisfactory
track. Directors are reported as experienced, respectable and resourceful
industrialist. Trade relations are fair. Payments are reported to be usually
correct and as per commitments. The company can be considered good for normal for business dealings at
usual trade terms and conditions. |
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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered/ Head Office : |
401, Gandhi
Smruti Apartment, |
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Tel. No.: |
91-261-2451451-58 |
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Mobile No.: |
91-9925100005 (Mr. Jayanti Yoghasis) |
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Fax No.: |
91-261-2427947 |
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E-Mail : |
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Website : |
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Area : |
2400 Sq. ft. |
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Location : |
Owned |
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Factory : |
Plot No.33, 34, 35, 52, 53 and 54, |
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Tel No.: |
91-261-2398711/ 2398712/ 2398463 |
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Fax No.: |
91-261-2398331 |
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Branch Office : |
102, Hi-tech Industrial Estate, Vardhaman Compound, |
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Tel No.: |
91-22-32574588/ 32503395 |
DIRECTORS
As on 15.09.2010
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Name : |
Mr. Dhirajlal Vallabhbahi Kotadia |
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Designation : |
Director |
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Address : |
43, Narayanmuni Nagar Society, Nani Ved, |
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Date of Birth/Age : |
01.01.1958 |
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Qualification : |
BE (Electronic) |
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Date of Appointment: |
15.09.1994 |
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Experience : |
20 Years |
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DIN No.: |
00013035 |
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Name : |
Mr. Dhirajkumar Savjibhai Vasoya |
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Designation : |
Managing Director |
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Address : |
Parishram, 47, Narmad Nagar, Athwalines, |
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Date of Birth/Age : |
03.04.1962 |
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Date of Appointment: |
12.05.2006 |
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Qualification : |
B.Com |
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Experience : |
20 Years |
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DIN No.: |
00013067 |
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Name : |
Mr. Vallabhbhai Nathabhai Kotadia |
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Designation : |
Director |
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Address : |
43, Narayanmuninagar Society, Nani Ved, |
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Date of Birth/Age : |
69 Years |
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Date of Appointment: |
10.07.2004 |
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DIN No.: |
02443716 |
KEY EXECUTIVES
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Name : |
Vyanjana
Kiritbhai Pandya |
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Designation : |
Company Secretary |
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Address : |
C/2/5, Kumbhnath
Society, Maninagar, Ahmedabad – 390 008, |
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Date of
Birth/Age : |
27.02.1976 |
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Date of Appointment:
|
01.09.2007 |
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E-Mail : |
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Pan No : |
AIKPP5939R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2010
|
Names of Shareholders |
|
No. of Shares |
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Dhirajlal
Vallabhbhai Kotadia |
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250000 |
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Dhirajkumar
Savjibhai Vasoya |
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500500 |
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Vallabhbhai N.
Kotadia |
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2250000 |
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Shardaben D.
Kotadia |
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1999500 |
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Total |
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5000000 |
As on 15.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Supplier, Trader and Exporter of Diamond Cutting Laser Machine, Laser Spot Welding
Machine, Card Personalization Laser Systems, Rapid Prototyping Machine, Laser
Engraving Machine. |
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Products : |
·
Diamond Processing ·
Medical Technology ·
Industrial Laser
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PRODUCTION STATUS (AS ON 31.03.2010)
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Particulars |
Installed Capacity |
Actual Production |
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Laser Machines |
350 Machines |
28 Machines |
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Diamond
Evaluation and Analysis Systems |
500 Machines |
139 Machines |
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Automatic
Polishing Machines |
100 Machines |
38 Machines |
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GENERAL INFORMATION
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Customers : |
End Users · Anjana Exports · Ankit Exports · Ashapuri Exim Private Limited · B. Manek Exports · C. J. Exporters · Dhiren diamonds · Gandhi Enterprises · Italiya Exports · J B Diamonds · M Sushil and company · Mania International · Navin gems · R T Diamonds Private Limited · S R Cleavers · Vraj Diamonds |
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No. of Employees : |
150
(Approximately) |
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Bankers : |
Dena Bank, Industrial Finance Branch, Maker Tower ‘E’, 9th Floor, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
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Facilities : |
Notes: (i) The Company is enjoying the Cash Credit facility with Dena Bank of
Rs.50.000 millions. The same is secured against the hypothecation of
Inventory and Sundry Debtors. Collateral Security for the same is provided in
form of various immovable and movable properties of Company and Shareholders
as well and personal guarantee of directors and shareholders. (ii) Other Secured Loans consist of auto finance sought for the
purchase of Vehicles. The same stands secured against the assets so
purchased. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Surendra Shah and
Associates Chartered
Accountants |
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Address : |
7006, 7th
Floor, World Trade Centre, Near Udhna Darwaja, |
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Tel. No.: |
91-261-2353774/
2334427/ 2302346/ 3912346/ 6662346 |
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Mobile No.: |
91-9374715151 |
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Fax No.: |
91-261-2353774/
2334427/ 2302346/ 3912346/ 6662346 |
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E-Mail : |
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Pan No.: |
ACIPS3187Q |
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Associates/Subsidiaries : |
·
Sahajanand
Medical Technologies Private Limited (Promoter along with their relatives
holding more than 20% control) Address: 304, Sahajanand House, Line of Business:
Manufacturer of Cardiovascular Medical Stents] Relationship: Promoter along with their relatives
Holding more than 20% Control ·
Sahajanand
Life Sciences Private Limited Address: Sahajanand Estate, Activity: Manufacturer of Herbal Medicines · Lightwave Technologies Company Limited F/1, No. 2, Building 14, Sha Wan Tel: +86 20 34875750 Fax: +86 20 34875760 Mob: +86 13809247373 Website: www.lightwave.cn Email: lightwavetech@163.com ·
Sahajanand Vascular Technoventions Private
Limited (Promoter along with
their relatives holding more than 20% control) ·
Nyalkaran
Industries Private Limited (Promoter along with their relatives holding more
than 20% control) ·
SS International ·
Sahajanand Enterprises ·
SS Processors ·
Light Wave Technologies |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000
Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
50.000 |
50.000 |
50.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
273.684 |
251.609 |
310.196 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
323.684 |
301.609 |
360.196 |
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LOAN FUNDS |
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1] Secured Loans |
0.596 |
48.538 |
55.117 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.596 |
48.538 |
55.117 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
324.280 |
350.147 |
415.313 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
44.693 |
50.930 |
60.365 |
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Capital work-in-progress |
4.412 |
3.239 |
2.730 |
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INVESTMENT |
25.274 |
26.327 |
13.524 |
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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 |
132.803 |
147.148 |
139.022 |
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Sundry Debtors |
72.877 |
76.596 |
134.075 |
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Cash & Bank Balances |
3.044 |
6.404 |
2.606 |
|
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Other Current Assets |
0.000 |
0.000 |
0.000 |
|
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Loans, Advances & Deposits |
64.258 |
54.984 |
84.922 |
|
Total
Current Assets |
272.982
|
285.132
|
360.625
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
8.014
|
7.669
|
11.459 |
|
|
Other Current Liabilities |
8.613 |
4.984 |
2.810 |
|
|
Provisions |
6.516 |
2.952 |
7.848 |
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Total
Current Liabilities |
23.143 |
15.605 |
22.117 |
|
|
Net Current Assets |
249.839 |
269.527 |
338.508 |
|
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|
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MISCELLANEOUS EXPENSES |
0.062 |
0.124 |
0.186 |
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|
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TOTAL |
324.280 |
350.147 |
415.313 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
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Sales Turnover (Including Other Income) |
157.418 |
151.464 |
245.636 |
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|
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TOTAL (A) |
157.418 |
151.464 |
245.636 |
|
|
|
|
|
|
|
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Less |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
136.819 |
201.002 |
148.647 |
|
|
|
Manufacturing Expenses |
|
|
17.799 |
|
|
|
Administrative Expenses |
|
|
39.705 |
|
|
|
Other Expenditure |
|
|
19.122 |
|
|
|
TOTAL (B) |
136.819 (including
financial expenses) |
201.002 (including
financial expenses) |
225.273 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
20.363 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
10.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.599 |
(49.538) |
10.106 |
|
|
|
|
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.161 |
8.587 |
7.938 |
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|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
13.438 |
(58.125) |
2.168 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.540 |
0.299 |
0.676 |
|
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|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.898 |
(58.424) |
1.492 |
|
|
|
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|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
33.342 |
36.548 |
26.541 |
|
|
|
Earnings from Deemed Exports |
0.000 |
0.000 |
13.136 |
|
|
TOTAL EARNINGS |
33.342 |
36.548 |
39.677 |
|
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
|
FOB Value |
50.322 |
74.299 |
117.126 |
|
|
|
Custom Duty |
0.093 |
0.147 |
0.087 |
|
|
|
Fright, Clearing and Forwarding Expenses, Insurance Charges |
1.919 |
3.527 |
4.901 |
|
|
TOTAL IMPORTS |
52.334 |
77.973 |
122.114 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.41 |
(11.68) |
0.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.56 |
(38.57) |
0.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.23 |
(17.29) |
0.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.04 |
(0.19) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
0.07 |
0.21 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.80 |
18.27 |
16.31 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
Overall position of the industry remained under pressure during the
year. However, the Company’s operational activities for the year reported
progressive and satisfactory results. Company faced very tactfully general
imbalances and disturbances and has been able to stabilize its business. During
the year, the Company resumed its progress track and achieved positive working
results. Turnover increased and the company was able to achieve a net profit of
Rs 11.898 millions as against a net loss of Rs.58.424 millions during the
previous year.
PROSPECTS:
As the Company’s business operations stabilized, all the business
activities have started functioning very smoothly, progressively and efficiently.
The Directors are confident about very good future prospects of the company.
FORM 8
|
Corporate
identity number of the company |
U72900GJ1993PTC019133 |
|
Name of the
company |
SAHAJANAND
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
401 Gandhi Smruti
Parsi Streetsayedpura, |
|
This form is for |
Modification of
Charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Dena Bank,
Industrial Finance Branch, Marker Towers 'E', 9th Floor, Cuffe Parade,
Mumbai- 400005, Maharashtra,
INDIA |
|
Nature of
instrument creating charge |
No instrument was
created but certain properties already charged were released on 10.12.2007. |
|
Date of
instrument Creating the charge |
10/12/2007 |
|
Amount secured by
the charge |
Rs. 180.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest
: No Change Terms of
repayment : No Change Margin : No Change Extent and
operation of the charge : No Change Others : No Change |
|
Short Particulars
of the property charged |
Change is
mentioned in modification. |
|
Date of
instrument modifying the charge |
03/12/2003 |
|
Particulars of
the present modification |
The present
modification releases the property at 15 & 16 Gayatri Industrial Estate,
Katargam, |
CONTINGENT
LIABILITY: (As on 31.03.2010)
The company provides performance warranty on some of the ports of ifs
products. The contingent liability likely to arise on account such warranty claims
is not quantifiable hence not provided for in the books of accounts. Further
the company has provided guarantee for the customers of the Company who
purchased Company’s product on term loan from Deny Bank. Such guarantee totals
to Rs.0.672 million. The sales made to EPCG licence holder was treated as
deemed export and was exempted under soles tax Act, however there is no
clearance in the VAT Act about the taxability of deemed export. The management
of the company is of the opinion that there will also be no VAT liability
(Approximately Rs.30.900 millions) and hence not provided in the books of
accounts.
FIXED ASSETS:
·
·
·
Plant and Machinery
·
Office Equipment
·
Computer Systems
·
Furniture and Fixture
·
Vehicles
·
Electrical Installation
·
Flat at
·
Master Stone
·
Demo Machine
WEBSITE DETAILS
COMPANY HISTORY
Subject was founded by visionary
and dynamic Mr. Dhirajlal Kotadia. When Mr. Kotadia saw laser machine for the
first time, he realized its potential and nurtured a dream to make such
machines available in every nook and corner of the industry. He decided to
showcase great benefits of technology to the industry when people were
reluctant to accept new technology. With a burning desire to realize his dream
he started working towards it.
In the end of 1987 when Mr.
Dhirajlal Kotadia came to
In the end of 1993, company came
into existence. From 1994 to 1998, company carried on producing Laser systems
for diamond cutting and for other numerous applications based on laser systems
viz. welding, cutting, marking etc. Till 1998, company was a dormant company.
From 1998 company started functioning and developed Diamond Analysis and
Planning Machines, Automatic Diamond Polishing, Bruting Machines, Automatic
Angle Setting Machines, besides Laser Systems for diamond cutting.
COMPANY PROFILE
Subject was incorporated in 1993 is a name to reckon with as a trendsetter in development of abreast diamond processing equipments, deploying revolutionary Laser light. ‘Sahajanand’ name uniquely represents leadership in technology transfer and innovation for quality product development. Established in the year 1993 by Mr. Dhirajlal Kotadia, the company has emerged as a pioneer in the diamond industry for its hi-end engineering products.
Company is driven by the motto of continuous innovation to develop products that deliver cutting edge performance with value for money for their customers. They are committed to develop technology solutions for client performance excellence. They have articulated a distinct market sensing mechanism to analyze market trends, customer and industry requirements. This brought a unique set of capabilities for us to develop customer centric technology solutions.
They are a leading manufacturer and exporter of Laser technology centered capital equipments for diamond manufacturing industry. They present ‘Total technology solutions for diamond industry under one roof.’ Their product portfolio broadly includes Diamond Planner Systems, Laser driven Diamond Processing equipments, Auto blocking and Polishing Machines etc. used at different stages of diamond manufacturing process.
Everyday they live the company tradition of engineering excellence and core values of quality, safety, integrity, understanding and responsibility. They are also committed to bring these technologies within the reach of every Indian engaged in these industries. By promoting indigenously manufactured technology products, they save valuable foreign exchange and generate employment. They contribute immensely in the growth of the society by actively doing the philanthropic activities in field of health, education and community development.
Being in the industry for more than 15 years, they earned
vast experience of dynamics of Diamond Industry. They started from scratch and created
a right platform in Indian market. By virtue of this prolonged attachment with
the industry and confidence in their capabilities they believed that it is not
impossible to develop such technology in
COMPETITIVE ADVANTAGE:
Sahajan and stands tall in its arena owing to a number of factors. Few of these are:
· Driven by the purpose of client business excellence.
· A large base of satisfied customers across the globe.
· Dedicated efforts towards technical excellence through continuous innovation.
· Customer centric product development approach.
· Commitment for quality in products and operations.
· Well articulated market sensing mechanism.
· A market share of around 80% of the supply of Laser machines
· Advanced Rand D and manufacturing infrastructure.
· Strong Human Resource consisting of best talent from field of Laser, computer software-hardware, electronics and mechanical and management.
· Highly dynamic and well equipped Marketing and Service team.
· Value for money products.
GROUP PROFILE
The Sahajanand group of companies
was founded by their Chairman Mr. Dhirajlal Kotadia. It is consisted of three
sub business groups, all under the single name of “Sahajanand”. With the use of
Laser technology, the group developed its range of industrial solutions for
textile, medical equipment and other industrial applications. The group
includes:
- Sahajanand Medical Technologies Private Limited
- Sahajanand Life Sciences Private Limited
Sahajanand Medical Technologies
Private Limited
Established in the year 1998, company
became the first Indigenous Stent Manufacturer in world to have two DES systems
in its product portfolio. It is
Sahajanand Life Sciences
Private Limited
An innovative drug discovery
company creating safe quality of life solutions through all natural products.
It is manufacturer of herbal medicinal formulations and is also engaged in
research in Biotechnology.
COMPANY BUSINESS
Subject is a hi-tech engineering solution provider for diamond industry. Company is involved in development; manufacturing and marketing of Laser based technological solutions for all stages of diamond processing.
Subject has consistently developed cutting edge laser driven products for diamond industry. The sheer scale of their technological capabilities and customer centric approach differentiates us form their counterparts. Along with their talented professionals; their clients play an active role generating new product ideas and product and process improvements. Blending best people, skills and technologies, they have helped their clients create a hi-performance business for them.
They create technological solutions for their clients for three major processing stages.
DIAMOND ANALYSIS AND PLANNING
Their advanced Magnus planners are designed to assist the diamanteers to gain maximum value form rough diamond. With value they mean creating best possible yield, grading and beauty out of rough. Magnus Planners assist in analyzing and planning rough diamond, considering all critical aspects like indentations, cavities, inclusions, cut grading proportions etc. and imitates the desired best value plan with quality marking lines as a guideline for further diamond processing.
Diamond Processing
Their Lazer systems provide diamond processing solutions utilizing cutting edge Laser technology for diamond industry. Lazer systems provide sawing, cutting and bruting facilities. Laser technology provides high productivity, automation, elimination of finishing operations, reduced processing cost and improved up time. Apart from above advantages their diamond processing systems provide safety and reliability.
Diamond Auto-blocking and Polishing
They produce most sophisticated microcontroller based Automatic blocking machines and Polishing machines. The machines are innovative, compact and robust designed for vibration free and quiet operation. The machines can polish all types and sizes of processed rough stones with desired cut grading proportions with extremely user friendly operation.
Subject is committed to bring these technologies within the reach of every Indian engaged in the industry. By promoting cutting edge technology products, they have saved valuable foreign exchange and generated enormous employment opportunities in Indian Diamond Industry.
LEADERSHIP
Dhirajlal Kotadia, Chairman
Mr. Kotadia is Group Chairman and provides
thought leadership and strategic guidance to the Sahajanand group companies. He
has been closely involved in the high tech diamond manufacturing industry for
more than twenty years. Leading Sahajanand since 1989, he became the architect
behind the path-breaking technology revolution in the diamond industry. Driven
by his “innovation” character, he has nurtured Sahajanand Group which operates
with companies in diversified sectors-Engineering and Laser technology, Medical
technology and Biotechnology.
Dhirajkumar Vasoya, Managing
Director
Mr. Vasoya is Managing Director of
the company and Group Director as well. He has been closely involved, from the
very beginning, in growth of Sahajanand Technologies in the diamond industry.
He has started working on laser technology based equipments with Mr. Kotadia.
He was the co-founder of the company. From year 2003, with formal restructuring
of the company, he went on to become Managing Director handling administrative
issues. He is closely associated with group’s range of strategic,
administrative and business performance issues.
Vallabh Narola, CEO and
Director
Mr. Narola is serving as CEO of
Sahajanand Technologies. He is responsible for new product design and
development and establishment of production facilities for entire product line
of the company. He was closely associated with the company since 1995. He was
technology consultant of the Sahajanand Technologies and assisted in designing
Company’s Laser driven diamond processing machines. He decided to join
Sahajanand Technologies in 1997. During this period he was heading a business
unit ‘Crystal Engineers’ and was one of the leading suppliers of the company.
Prior to joining Sahajanand, he was with Gujarat Gas Corporation and has held a
number of senior management positions across the organization. He has
professional experience in management level roles including design, quality
assurance, logistics, purchase and marketing. He has undergone management and
HRD training programs from leading management institutes like IIM-A, XLRI.
Jayanti Vaghasia, Director
(Administration and Finance)
Mr. Vaghasia is appointed Director
(Administration and finance) in 2009. He is associated with range of financial,
administrative and purchase issues of the company. Prior to assuming his
current position, he was serving as Vice President Finance and Administration,
since 2003. He also deals with issues pertaining to export and import strategy
for Sahajanand. He has started his career with Sahajanand Technologies in 1994
handling company accounts and presently contributing to the growth of the
Sahajanand Life Sciences Company.
Prakash Rakholia, Director
(Marketing)
Mr. Rakholia is appointed Director
(Marketing) in 2009. He is responsible for driving Sahajanand’s marketing, communication
and sales strategy for
NEWS:
NEW WIDESPREAD PRODUCT WEBSITE LAUNCHED BY SAHAJANAND
TECHNOLOGIES.
“Sahajanand
Technologies–Surat launched a new products-specific, interactive website this
month. The site www.TheLazer.co.in
is designed to illustrate Sahajanand Technologies research into what laser technology
can offer more to diamond industry.”
Surat, India- 23rd October’08 -
Sahajanand Technologies, India, the high-tech engineering solution provider for
diamond industry revealed its new laser based product’s website www.TheLazer.co.in
Sahajanand Technologies have firm faith that an informative and easy-to-use
website is indispensable to maintain a competitive edge in diamond industry
nationally and internationally.
The launch of the website strengthens
company’s laser product series and identity of Sahajanand Technologies’ laser
technology revolution. The site’s artistic creation and presentation with
bundle of information makes the site an essential visit. Company has promised
that it will be the crucial visit for the all visitor.
Intuitively structured, the site
provides easy and rapid access to the latest laser machinery, Diode Pumped
Systems, Lamp Pumped Systems, Green Laser Systems, and Robotic Systems used for
Diamond Sawing, Diamond Bruting, Diamond Conning, and Girdle Bruting launched
by Sahajanand technologies. The site includes Laser technology, Laser Machinery
features, Technical specifications, Product applications, Brochure download and
media room.
The increased web presence brings
the elements of technology together with updated information to offer customers
an innovative way to fulfill their needs for diamond processing equipments.
Mr. Rahul Gaywala – CEO says “The new
product website is expected to have a significant and positive impact on
Sahajanand Technologies sales in the forth coming years and will bolster
Sahajanand Technologies position as a leader in planning, analyzing, and
manufacturing technologies. Introduction of some rich features like what is
laser technology, why laser technology, why Sahajanand Technologies, etc. makes
the website more users friendly and interactive.”
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.45.12 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.62.32 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.