MIRA
INFORM REPORT
|
Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
EMC AUTOMATION PRIVATE LIMITED |
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Registered
Office : |
204, Ashirwad Industrial Estate,
No.5, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
17.09.2007 |
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Com. Reg. No.: |
11-174195 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500
Million |
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CIN No.: [Company Identification
No.] |
U31900MH2007PTC174195 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUME07252A |
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PAN No.: [Permanent Account No.] |
AABCE8979Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Electronic Process Control Equipment, Digital Process
Control Equipment and Industrial Process Control Equipment. |
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No. of Employees
: |
13 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 19000 |
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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 an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct. The company can be considered 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 |
|
Insignificant |
A1 |
|
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. Binod Kumar Jaiswal |
|
Designation : |
Director |
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Contact No.: |
91-9821027395 91-22-26763934 |
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Date : |
31.08.2011 |
LOCATIONS
|
Registered Office/ Factory : |
204, Ashirwad Industrial Estate,
No.5, |
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Tel. No.: |
91-22-66941187/26763934 |
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Mobile No.: |
91-9821027395 (Mr. B.K. Jaiswal) |
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Fax No.: |
91-22-26764087 |
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E-Mail : |
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Website : |
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Location : |
Leased |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Binod Kumar Jaiswal |
|
Designation : |
Director |
|
Address : |
11/32, Oshiwara Sangam C.H.S. Limited, Adarsh Nagar, Jogeshwari
(West), Mumbai – 400 102, |
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Date of Birth/Age : |
05.10.1954 |
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Date of Appointment : |
17.09.2007 |
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DIN No.: |
01285891 |
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E-Mail: |
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Name : |
Mr. Gopala Krishna Pillai |
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Designation : |
Director |
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Address : |
302, |
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Date of Birth/Age : |
19.05.1951 |
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Date of Appointment : |
17.09.2007 |
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DIN No.: |
01285797 |
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E-Mail: |
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Name : |
Mrs. Rita Jaiswal |
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Designation : |
Director |
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Address : |
11/32, Oshiwara Sangam C.H.S. Limited, Adarsh Nagar, Jogeshwari
(West), Mumbai – 400 102, |
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Date of Birth/Age : |
07.11.1963 |
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DIN No.: |
01285870 |
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E-Mail: |
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Name : |
Mrs. Jayasree Karithiyani Pillai |
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Designation : |
Director |
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Address : |
302, |
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Date of Birth/Age : |
07.10.1957 |
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DIN No.: |
01285827 |
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E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Binod Kumar Jaiswal |
|
12500 |
|
Gopala Krishna Pillai |
|
12500 |
|
Jayshree Karthiyani Pillai |
|
12500 |
|
Rita Jaiswal |
|
12500 |
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Total |
|
50000 |
As on 30.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electronic Process Control Equipment, Digital Process
Control Equipment and Industrial Process Control Equipment. |
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Products : |
v
Electronic
Process Control Equipment v
Digital
Process Control Equipment v
Industrial
Process Control Equipment o
Programmable
Logic Controller (PLC) o
Programmable
Timers
o
Counters
(Preset or Universal) o
Temperature
Controller
o
Micro
Programmable Controller o
Nano
Programmable Controller o
Scanners o
Hot-Runner-Controller,
etc. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v
Cosmos International v
Multi Tech Systems v
Micro Impex v
Viral Electro Trade Private Limited v
Viraj Electronics v
Vajra Electrosales v
Dinrack Modular Systems Private Limited v
Royal Display v
Reshma Electro Technica v
Royal Electronics v
Riddhi Siddhi Enterprises v
Transpower India Electronics Private Limited v
B. S. Electronics v
Hi-Q-Images v
Behari Enterprises v
Shree Sai Enterprises |
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Customers : |
Wholesalers and Retailers v
Central Machinery and Plastic Products v
Patel Plast v
Gem Equipments Limited v
Clear Plastics Limited v
Perfect Systems v
C. M. P. International v
Prime Housewear Limited v
Sai Plastics v
Jayco Plastics v
Arci Engineers v
Kataria Wires Private Limited v
Blowplast Industries v
Jineshwar Writing Instruments Limited v
Arihant Industries |
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No. of Employees : |
13 (Approximately) |
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Bankers : |
v
Bank of Maharashtra, Malad (West) Branch,
Chandrashali, v
HDFC Bank, Goregaon (East) Branch, Mumbai, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K.V.G. Aithal and Associates Chartered Accountants |
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Address : |
Plot No.17, Upasana, Azad Nagar CHS Limited, Road No.1, J.V.P.D.
Scheme, Vile Parle (West), Mumbai – 400 056, |
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Tel. No.: |
91-22-26180196/ 26110358 |
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Income-tax
PAN of auditor or auditor's firm : |
AABPA6775F |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
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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 |
0.500 |
0.500 |
0.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
4.372 |
2.286 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.872 |
2.786 |
0.500 |
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LOAN FUNDS |
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1] Secured Loans |
0.951 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.951 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.823 |
2.786 |
0.500 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.453 |
0.323 |
0.000 |
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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 |
0.014 |
0.008 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
0.341
|
0.180
|
0.000 |
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Sundry Debtors |
2.844
|
1.335
|
0.000 |
|
|
Cash & Bank Balances |
3.634
|
2.873
|
0.433 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.025 |
|
|
Loans & Advances |
1.932
|
1.163
|
0.000 |
|
Total
Current Assets |
8.751
|
5.551 |
0.458 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
2.447
|
|
0.010 |
|
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Other Current Liabilities |
0.000
|
0.000
|
|
|
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Provisions |
1.990
|
1.042
|
0.000 |
|
Total
Current Liabilities |
4.437
|
3.143 |
0.010 |
|
|
Net Current Assets |
4.314
|
2.408 |
0.448 |
|
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MISCELLANEOUS EXPENSES |
0.042 |
0.047 |
0.052 |
|
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|
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TOTAL |
5.823 |
2.786 |
0.500 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
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|
SALES |
|
|
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|
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Income |
|
15.221 |
14.772 |
|
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Other Income |
|
|
0.192 |
|
|
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TOTAL |
|
15.221 |
14.964 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
|
6.393 |
|
|
|
Post and telegraph |
|
|
0.027 |
|
|
|
Telephone expenses |
|
|
0.058 |
|
|
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Traveling expenses |
|
|
0.122 |
|
|
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Other expenses |
|
|
5.976 |
|
|
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TOTAL |
|
13.135
(including depreciation) |
12.576 |
|
|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
2.388 |
|
|
|
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|
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Less/ Add |
DEPRECIATION/ AMORTISATION |
|
|
0.102 |
|
|
|
|
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NET PROFIT |
|
2.086 |
2.286 |
|
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|
Earnings Per
Share (Rs.) |
|
41.72 |
43.67 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
|
|
|
|
|
The above information has been parted by Mr. Binod Kumar Jaiswal
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
13.70
|
15.28 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
15.48 |
NA |
|
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.44
|
38.92 |
NA |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.82 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11
|
1.13 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
1.77 |
45.80 |
LOCAL AGENCY FURTHER INFORMATION
ACCOUNTS:
The company had a turnover of Rs.15.221 millions.
The Net Profit is Rs.2.086 millions.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U31900MH2007PTC174195 |
|
Name of the
company |
EMC AUTOMATION
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
204, Ashirwad Industrial Estate No.5, |
|
Type of charge |
Others |
|
Particular of
charge holder |
Bank of Maharashtra, Malad (West) Branch, Chandrashali, |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Composite Deed of
Hypothecation for All Facilities |
|
Date of
instrument Creating the charge |
01.10.2010 |
|
Amount secured by
the charge |
Rs.0.500 Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest rate and
Penal interest rate as agreed between the borrower company and the bank from
time to time. Terms of
Repayment Repayment, as
agreed between the borrower company and the bank from time to time. Margin Margin @ 28 % Extent and
Operation of the charge At the request of
the borrower company, the bank has sanctioned Vehicle loan of Rs. 0.500
million against Hypothecation of vehicle i.e. Hyundai i-20 ASTA car. |
|
Short particulars
of the property charged |
Hypothecation of
vehicle i.e. Hyundai i-20 ASTA car. |
TRADE REFERENCES:
v
Perfect System
v
Cosmos International
FIXED ASSETS:
v Computer
v Drill Machine/ Grinder
v Factory Motor Car
v Oseliscope/ Multimeter
v Weight Machine
v Printer
v Tally Software
v Test Equipments
v Electric Fan
v Factory Motor Cycle
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.47.80 |
|
|
1 |
Rs.75.16 |
|
Euro |
1 |
Rs.65.11 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.