MIRA
INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
JJ PV SOLAR PRIVATE LIMITED |
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Registered
Office : |
Survey No. 237, 238, Plot No. 3, 4 and 7-B, Village, Veraval (Shapar),
Rajkot- 360024, Gujarat |
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Country : |
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Date of
Incorporation : |
04.05.2010 |
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Com. Reg. No.: |
060541 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U31200GJ2010PTC060541 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer and Supplier of Pumps Pumping Equipment and Energy
Conservation Products and also engaged in Real estate business. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and establishing itself gradually. Business
is active. Payments are unknown. The company can be considered for business dealings on a safe and secured
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
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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 |
INFORMATION PARTED BY
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Name : |
Mr. Jasmin Patel |
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Designation : |
Director |
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Contact No.: |
91-9820457179 |
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Date : |
24.05.2011 |
LOCATIONS
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Registered Office : |
Survey No. 237, 238, Plot No. 3, 4 and 7-B, Village, Veraval (Shapar),
Rajkot- 360024, Gujarat, India |
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Tel. No.: |
91-2827-254472 |
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Fax No.: |
91-2827-254476 |
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E-Mail : |
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Factory : |
Survey No. 237, 238, Plot No. 2,3, N/H 8-B, Village
Veraval (Shapar), Rajkot - 360 024, Gujarat (India) |
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Tel. No.: |
91- 2827- 254 474 |
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Fax No.: |
91- 2827- 254 476 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Prashant Jayantilal Tilala |
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Designation : |
Director |
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Address : |
‘Meet’ 1, Planery Bungalows, Opposite Pavan Park, Satya Sai Hospital
Road, Kalawad Road, Rajkot – 360005, Gujarat, India |
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Date of Birth/Age : |
14.03.1979 |
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Date of Appointment : |
15.06.2010 |
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Name : |
Mr. Rajendra Ramniklal Paval |
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Designation : |
Director |
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Address : |
Shankarwadi, Opposite Swankarwadi Temple, Gondal – 360311, Gujarat,
India |
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Date of Birth/Age : |
05.04.1977 |
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Date of Appointment : |
15.06.2010 |
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Name : |
Mr. Rajeshkumar Pravin Joshi |
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Designation : |
Director |
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Address : |
37, Ashray Bungalows, Near Tapovan School, 150 Ft. Ring Road, Rajkot –
360004, Gujarat, India |
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Date of Birth/Age : |
22.04.1973 |
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Date of Appointment : |
15.06.2010 |
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Name : |
Mr. Prashant Damjibhai Akabari |
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Designation : |
Director |
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Address : |
Ashirvad – 3, Tagore Nagar, Kalavad Road, Rajkot – 360005, Gujarat,
India |
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Date of Birth/Age : |
07.03.1985 |
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Name : |
Mr. Damji Nathu Akabari |
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Designation : |
Director |
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Address : |
Ashirvad – 3, Tagore Nagar, Kalavad Road, Rajkot – 360005, Gujarat,
India |
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Date of Birth/Age : |
25.06.1958 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Prashant Damjibhai Akabari |
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5000 |
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Mr. Damji Nathu Akabari |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Pumps Pumping Equipment and Energy Conservation
Products and also engaged in Real estate business. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
60 [Approximately] |
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Bankers : |
Bank of India, Main Branch, Parabazar, Rajkot - 360001, Gujarat,
India |
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Banking
Relations : |
-- |
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Group Companies : |
· Anand Enterprise Inc. · JJ Auto Components · JJ Metal Craft · Virat Mechanical Works · Akabari International · JJ Developers ·
RPC and Company |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Share |
Rs. 10/-
each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Share |
Rs. 10/-
each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover |
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350.000 |
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Expected Group Turnover (2011-2012) : Rs. 1000.000 Millions
The above information has been parted by Mr. Jasmin [Director].
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
DETAILS
PROFILE
Subject is recently formed by
Anand Enterprise group to begin its foray into renewable energy and
diversification form Automobile and Real estate businesses.
They are a group of technocrats
and management experts and having business experience of over 30 years
presently specialized in the production of Automobile engine parts like
Cylinder liners, sleeves, air cool blocks and spiny lock sleeves and achieved
market share across the globe with exporting for more than 40 countries and
became recognized O.E.M supplier.
The group is also a leading real
estate developer with many projects in the state of Gujarat, India.
Now, begin with photovoltaic
market, subject Is having highly automated line of 15MW capacity as phase I
from European technology providers and will expand to 50MW by end of the year
2012 as a phase II expansion. The company will focus through various sub
division in wide range of modules from 5W to 280W power with TUV, UL* and ISO
certificates.
The company also plans to enter
into forward integrations and providing turnkey solutions for the setting-up of
Solar Power Plants in India.
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 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.45.38 |
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1 |
Rs.73.31 |
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Euro |
1 |
Rs.63.70 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.