MIRA
INFORM REPORT
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Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TOP METROLOGY PRIVATE LIMITED |
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Registered Office : |
B- 176, 2nd Stage, Peenya Industrial Estate, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
12.06.2002 |
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Com. Reg. No.: |
08-030629 |
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Capital Investment / Paid-up Capital : |
Rs.0.107 Million |
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CIN No.: [Company
Identification No.] |
U30007KA2002PTC030629 |
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IEC No.: |
0704011816 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRT02065A |
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PAN No.: [Permanent
Account No.] |
AABCT8116G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and export of video vision systems and other measuring
equipments of various types. |
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No. of Employees: |
7 (Office – 7, Factory – 20) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1148 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities is limited.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow. 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) |
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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. Rangaswamy Ramkrishnan |
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Designation : |
President |
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Date : |
15.10.2011 |
LOCATIONS
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Registered Office : |
B- 176, 2nd Stage, Peenya Industrial Estate, |
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Tel. No.: |
91-80-28365918 |
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Mobile No.: |
91-9845034563/ 9986077823 (Mr. Rangaswamy Ramkrishnan) |
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Fax No.: |
91-80-41172345 |
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E-Mail : |
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Website : |
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Area : |
7000 sq. ft. |
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Location : |
Owned |
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Branches : |
Located at: Pigni, |
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Area : |
6000 sq. ft. |
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Location : |
Owned |
DIRECTORS
AS ON 24.09.2010
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Name : |
Mrs. Sangeetha Ramakrishnan |
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Designation : |
Director |
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Address : |
539, Syndicate Bank Employees Co-op. Housing Society, Aerohalli, Vishwaneedam,
Bangalore -560091, Karnataka, India |
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Date of Birth/Age : |
05.08.1984 |
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Qualification : |
B. Com |
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Date of Appointment : |
12.06.2002 |
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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 |
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1 |
U30007KA2002PTC030629 |
TOP METROLOGY PRIVATE
LIMITED |
Director |
12/06/2002 |
12/06/2002 |
- |
Active |
NO |
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Name : |
Mrs. Santhi Ramakrishnan |
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Designation : |
Director |
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Address : |
539, Syndicate Bank Employees Co-op. Housing Society, Aerohalli,
Vishwaneedam, Bangalore -560091, Karnataka, India |
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Date of Birth/Age : |
46 years |
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Qualification : |
SSC |
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Date of Birth/Age : |
20.05.1963 |
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Date of Appointment : |
31.10.2007 |
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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 |
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1 |
U29221KA1993PTC014589 |
OPTO METROLOGY PRIVATE
LIMITED |
Director |
28/07/1993 |
28/07/1993 |
- |
Active |
NO |
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2 |
U30007KA2002PTC030629 |
TOP METROLOGY PRIVATE
LIMITED |
Director |
31/10/2007 |
31/10/2007 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2010
|
Names of Shareholders |
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No. of Shares |
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Mrs. Sangeetha Ramakrishnan |
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100 |
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Mrs. Santhi Ramakrishnan |
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975 |
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TOTAL |
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1075 |
As On 24.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Inspection Equipment, Profile Projector, Video
Vision Equipment, Co-ordinate Measuring Machine. |
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Products : |
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Exports : |
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Products : |
Video vision system |
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Countries : |
Germany, Malaysia |
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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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Suppliers : |
Sil Germany |
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Customers : |
· End Users ·
Tata Motors |
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No. of Employees : |
27 (Office – 7, Factory – 20) |
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Bankers : |
Lakshmi Vilas Co-operative Bank, 21, Swaraj Building, MES Road,
Muthyala Nagara, Jalahalli Branch, Bangalore - 560054, Karnataka, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R. Mohan and Company Chartered Accountant |
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Address : |
No.179, 6th Main, KEB Layout, Sanjay Nagar, |
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Associates : |
Video Vision System |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
2000 |
Equity Shares |
Rs.100/- each |
Rs.0.200 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1075 |
Equity Shares |
Rs.100/- each |
Rs.0.107 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 (Approximately) |
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10.000 |
Expected Sales (2011-2012) : Rs.25.000 Millions
The above information has been parted by Mr. Rangaswamy Ramkrishnan
(President)
ABRIDGED BALANCE
SHEET
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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 |
0.107 |
0.107 |
0.108 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.180 |
0.100 |
0.101 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.287 |
0.207 |
0.209 |
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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 |
2.331 |
1.849 |
1.165 |
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TOTAL BORROWING |
2.331 |
1.849 |
1.165 |
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DEFERRED TAX LIABILITIES |
0.046 |
0.047 |
0.046 |
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TOTAL |
2.664 |
2.103 |
1.420 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.441 |
3.015 |
2.995 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.050 |
0.050 |
0.050 |
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DEFERREX TAX ASSETS |
0.055 |
0.046 |
0.030 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.078
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0.038
|
0.042
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Sundry Debtors |
1.579
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1.455
|
1.104
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Cash & Bank Balances |
0.222
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0.788
|
0.294
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Other Current Assets |
0.000
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0.00
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0.000
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Loans & Advances |
0.596
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0.694
|
0.284
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Total
Current Assets |
2.475
|
2.975
|
1.724
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.508
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1.936
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2.202
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Other Current Liabilities |
1.426
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1.729
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1.008
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Provisions |
0.423
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0.318
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0.169
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Total
Current Liabilities |
4.357
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3.983
|
3.379
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Net Current Assets |
(1.882)
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(1.008)
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(1.655)
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.664 |
2.103 |
1.420 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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TOTAL |
9.036 |
8.810 |
6.979 |
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Less |
EXPENSES |
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TOTAL |
NA |
NA |
NA |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.627 |
0.527 |
0.281 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.480 |
0.394 |
0.231 |
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PROFIT BEFORE
TAX |
0.147 |
0.133 |
0.050 |
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Less |
TAX |
NA |
NA |
0.140 |
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PROFIT AFTER TAX |
NA |
NA |
(0.090) |
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Earnings Per
Share (Rs.) |
74.00 |
123.72 |
-- |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
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NA
|
1.29 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
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NA
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NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.13
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4.47
|
3.73 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.64
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0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
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23.30
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19.24
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21.74 |
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Current Ratio (Current Asset/Current Liability) |
|
0.57
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0.74
|
0.51 |
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in Report
(Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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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) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
-- |
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25) Conduct of the banking account |
-- |
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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 accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
FORM 8:
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Corporate identity number of the company |
U30007KA2002PTC030629 |
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Name of the company |
TOP METROLOGY PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
B-176, 2nd Stage, Peenya Industrial
Estate, Bangalore – 560091, Karnataka, India |
|
This form is for |
Creation of charge |
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Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of charge holder |
THE LAKSHMI VILAS BANK LIMITED |
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Nature of instrument creating charge |
Letter of Hypothecation |
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Date of instrument Creating the charge |
04/12/2010 |
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Amount secured by the charge |
Rs.1.500 Millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest 3.75% percent over the Bank's Base Rate of
8.75% percent per annum with a minimum of 12.5% p.a. Terms of Repayment Running account repayable on demand Margin As per bank norms Extent and Operation of the charge The charge shall operate to the extent of
the loan amount plus interest commission costs expenses and other charges
thereon |
|
Short particulars of the property charged |
First charge by way of hypothecation of
rawmaterials, stock in process and finished goods of profile projectors, video
vision systems and other measuring equipments of varous types stored inthe
godown office premises of the company at No.B176, II Stage, Peenya Industrial
Estate, Bangalore 560058 or at any other place |
Fixed Assets:
- Computers
- Plant and Machinery
- Testing Equipment
- Angle Grinder
- Power Cutter
- Measurement Equipment
- Voltage Stabilizer
- GDR Machinery
- Inspection Equipment
- Grinder
- Printers
- Furniture and Fixtures
- Pantry Equipment
- Office Equipment
- UPS
- Air Conditioner
- Vehicles
- Honda Active
- Tata Indica
- Land and Building
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.49.17 |
|
|
1 |
Rs.77.49 |
|
Euro |
1 |
Rs.67.96 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
|
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--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.