MIRA
INFORM REPORT
|
Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
JSB TECNHO LOGICS PRIVATE LIMITED |
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Registered
Office : |
No. 17, Vinayagar Koil, Street Swarnapuri, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
14.12.2001 |
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Com. Reg. No.: |
TZ-009991 |
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Capital
Investment/ Paid-up Capital: |
Rs. 0.900 Million |
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CIN No.: [Company Identification
No.] |
U72200TZ2001PTC009991 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Granite Tiles and Marbles slab. |
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No. of
Employees: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 16000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for small 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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
|
Name : |
Mr. Syed Abdul Vahid |
|
Designation : |
Director |
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Contact No.: |
91-9894712393 |
|
Date : |
14.11.2011 |
LOCATIONS
|
Registered Office : |
No. 17, Vinayagar Koil, Street Swarnapuri, |
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Mobile No.: |
91-9894712392/ 9841428887 (Mr. B. Syed Zakeerulla) |
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E-Mail : |
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Location : |
Rented |
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Administration Office: |
262 B, |
DIRECTORS
As on 30.06.2010
|
Name : |
Mr. Basheer Syed Zakeerulla |
|
Designation : |
Managing Director |
|
Address : |
No. 10/ 9/ 17, Vinayagar Koil Street, Swarnapuri 2nd Gate,
Salem – 636004, Tamilnadu, India |
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Date of Birth/Age : |
26.08.1978 |
|
Date of Appointment : |
14.12.2001 |
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DIN NO: |
02034248 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200TZ2001PTC009991 |
Jsb Techno Logics Private Limited |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
2 |
U72200TZ2008PTC014249 |
|
Managing director |
22/02/2008 |
22/02/2008 |
- |
Active |
|
|
3 |
U72900TZ2010PTC016618 |
Q7 Infotech India Private Limited |
Managing director |
23/12/2010 |
23/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Basheer Syed Abdul Vahid |
|
Designation : |
Director |
|
Address : |
No. 10/ 9/ 17, Vinayagar Koil Street, Swarnapuri 2nd Gate,
Salem – 636004, Tamilnadu, India |
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Date of Birth/Age : |
14.11.1978 |
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Qualification : |
Diploma in ME |
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Date of Appointment : |
14.12.2001 |
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DIN NO: |
02034253 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200TZ2001PTC009991 |
Jsb Techno Logics Private Limited |
Director |
14/12/2001 |
14/12/2001 |
- |
Active |
NO |
|
2 |
U72200TZ2008PTC014249 |
|
Director |
22/02/2008 |
22/02/2008 |
- |
Active |
|
|
3 |
U72900TZ2010PTC016618 |
Q7 Infotech India Private Limited |
Director |
23/12/2010 |
23/12/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Basheer Syed Zakeerulla |
|
18000 |
|
Syed Abdul Vahid |
|
18000 |
|
J. S. Basheer |
|
18000 |
|
B Noorjahan |
|
36000 |
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Total |
|
90000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.06.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Granite Tiles and Marbles slab. |
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Brand Names : |
“JSB GRANITES” |
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditor 1: |
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Name : |
K. Sundaram Chartered Accountant |
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Address : |
46, |
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PAN NO: |
AXHPS4517J |
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Auditor 2: |
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Name: |
Mr. Nyan Chartered Accountant |
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Address: |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
90000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.900 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
90000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.900 Million |
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 |
0.900 |
0.900 |
0.100 |
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2] Share Application Money |
2.400 |
1.700 |
2.200 |
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3] Reserves & Surplus |
0.635 |
0.524 |
0.467 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.935 |
3.124 |
2.767 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
1.122 |
1.369 |
0.739 |
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TOTAL BORROWING |
1.122 |
1.369 |
0.739 |
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DEFERRED TAX LIABILITIES |
0.040 |
0.041 |
0.035 |
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TOTAL |
5.097 |
4.534 |
3.541 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.972 |
2.203 |
2.472 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
0.742
|
0.317 |
1.325 |
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Sundry Debtors |
1.723
|
1.661 |
1.714 |
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Cash & Bank Balances |
0.797
|
0.084 |
0.404 |
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Other Current Assets |
0.480
|
0.473 |
0.519 |
|
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Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
3.742
|
2.535 |
3.962 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
0.363
|
0.044 |
2.683 |
|
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.254
|
0.160 |
0.210 |
|
Total
Current Liabilities |
0.617
|
0.204 |
2.893 |
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Net Current Assets |
3.125
|
2.331 |
1.069 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.097 |
4.534 |
3.541 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
|
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|
|
|
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|
Sales and Services |
8.591 |
7.650 |
7.770 |
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Other Income |
0.511 |
0.972 |
0.750 |
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TOTAL (A) |
9.102 |
8.622 |
8.520 |
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Less |
EXPENSES |
|
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|
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Operating Expenses |
6.829 |
6.594 |
6.210 |
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Administration and other Expenses |
1.783 |
1.535 |
1.669 |
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TOTAL (B) |
8.612 |
8.129 |
7.879 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.490 |
0.493 |
0.641 |
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Less |
INTEREST/
FINANCIAL EXPENSES (D) |
0.110 |
0.101 |
0.031 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.380 |
0.392 |
0.610 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.231 |
0.268 |
0.302 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.149 |
0.124 |
0.308 |
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Less |
TAX (H) |
0.040 |
0.066 |
0.035 |
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PROFIT AFTER TAX
(G-H) (I) |
0.109 |
0.058 |
0.273 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.525 |
0.467 |
0.193 |
|
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|
BALANCE CARRIED
TO THE B/S |
0.634 |
0.525 |
0.466 |
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EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.072 |
0.871 |
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Earnings Per Share
(Rs.) |
1.21 |
0.64 |
3.03 |
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Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
10.000 |
Expected Sales (2011-2012): Rs. 20.000 Millions
The above information has been parted by Mr. Syed Abdul Vahid.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.19
|
0.67 |
3.20 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
1.73
|
1.62 |
3.96 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.60
|
2.61 |
4.78 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
0.11 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44
|
0.50 |
1.31 |
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|
Current Ratio (Current Asset/Current Liability) |
|
6.06
|
12.42 |
1.36 |
LOCAL AGENCY FURTHER INFORMATION
Check List:
|
Check List by
info Agents |
Available in
Report (Yes/ No) |
|
1) Year of Establishment |
Yes |
|
2)Locality of the Firm |
Yes |
|
3)Constitution of the Firm |
Yes |
|
4)Premises Details |
Yes |
|
5)Type of Business |
Yes |
|
6)Line of Business |
Yes |
|
7)Promoter’s Background |
------------------ |
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8)No. of Employees |
Yes |
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9)Name of Person Contacted |
Yes |
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10)Designation of Contact person |
Yes |
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11)Turnover of Firm for last three years |
Yes |
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12)Profitability for last three years |
No |
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13)Reason for variation <> 20% |
---------------- |
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14)Estimated for coming financial year |
Yes |
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15)Capital in the Business |
No |
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16)Details of Sister Concern |
----------------- |
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17)Major Suppliers |
No |
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18)Major Customer |
Yes |
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19)Payment Terms |
Yes |
|
20)Export/ Import Details (if Applicable) |
Yes |
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21)Market Information |
------------------ |
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22)Litigation that the Firm / Promoter |
------------------ |
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23)Banking Details |
Yes |
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24)Banking facility details |
Yes |
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25)Conduct of the Banking |
------------------- |
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26)Buyer visit details |
------------------- |
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27)Financials, if provided |
Yes |
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28)Incorporation details, if applicable |
------------------- |
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29)Last account filed at ROC |
------------------- |
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30)Major Shareholders, if applicable |
------------------- |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U72200TZ2001PTC009991 |
|
Name of the
company |
JSB TECHNO LOGICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 17, Vinayagar Koil, Street Swarnapuri, Email: rocatgsa@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
UCO Bank, Email: ucosalem@sancharnet.in |
|
Nature of
instrument creating charge |
Agreement of
hypothecation of goods to secure a demand cash credit dated 14.09.2010 Agreement of hypothecation
of book debts to secure a demand cash credit dated 14.09.2010 Agreement
relating to term loan dated 14.09.2010 1) Cash Credit limit of Rs. 10.000 Millions
within which Rs. 3.000 Millions is export packing credit 2) Term Loan of Rs. 4.000 Millions |
|
Date of
instrument Creating the charge |
14.09.2010 |
|
Amount secured by
the charge |
Rs. 14.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit – Base
rate +4.90% (presently 12.90%) Export Packing
Credit – Base rate + 1.50% (presently 9.50%) Term Loan – Base
rate + 5.40% (presently 13.40%) Terms of repayment Cash Credit –
renewable every year and payable on demand Term Loan – EMI
of Rs. 0.079 Million to be paid for 7 years commencing from March 2011 Margin 25% on stock and
15% on bills and receivables Extent and operation of the charge First charge on
the assets hypothecated |
|
Short particulars
of the property or assets charged (including complete address and location of
the property) |
Hypothecation of
raw materials, WIP and finished goods of granites and hypothecation of bills
and receivables hypothecation of plant and machineries |
FIXED ASSETS:
- Building
- Furniture and
Fixtures
- Plant and
Machinery
- Computer
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
|
1 |
Rs.80.29 |
|
Euro |
1 |
Rs.68.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--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 |
|
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 |
|
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.