MIRA
INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JUPITER DESIGN TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
No. 139, II Main, Further Extension Vivek Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
16.09.2005 |
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Com. Reg. No.: |
08-037242 |
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Capital Investment
/ Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U72300KA2005PTC037242 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRJ02917F |
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PAN No.: [Permanent Account No.] |
AABCJ6456D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of PCB Board, Mixed Signal Board, CAD/ |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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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 15000 |
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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. 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) |
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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
|
Name : |
Mr. Lokanath |
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Designation : |
Manager |
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Contact No.: |
91-9845173691 |
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Date : |
11.01.2012 |
LOCATIONS
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Registered Office : |
No. 139, II Main, Further Extension Vivek Nagar, |
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Tel. No.: |
91-80-25714052 |
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Mobile No.: |
91-9845173691 (Mr. Lokanath) |
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Fax No.: |
91-80-25701777 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
430, 16th Main, Further Extension, Vivek Nagar, |
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Tel. No.: |
91-80-25714052 |
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Fax No.: |
91-80-25701777 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Loganathan Vipranarayana |
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Designation : |
Director |
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Address : |
No. 139, II Main, Further Extension, Vivek Nagar, |
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Date of Birth/Age : |
09.08.1966 |
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Qualification : |
BBA |
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Date of Appointment : |
16.09.2005 |
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DIN No.: |
01471546 |
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Name : |
Mrs. Asha Loganathan |
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Designation : |
Director |
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Address : |
No. 139, II Main, Further Extension, Vivek Nagar, |
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Date of Birth/Age : |
05.05.1967 |
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Qualification : |
B.com |
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Date of Appointment : |
16.09.2005 |
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DIN No.: |
02639856 |
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Name : |
Mr. Balasundar Sundarraj |
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Designation : |
Director |
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Address : |
No.136, 3rd Cross, 4th Main, Vivek Nagar, |
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Date of Birth/Age : |
01.05.1983 |
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Qualification : |
Diploma Electronic |
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Date of Appointment : |
16.09.2005 |
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DIN No.: |
02030527 |
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Name : |
Mr. Kannathasan Ambikapathy |
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Designation : |
Director |
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Address : |
No.136, 3rd Cross, 4th Main, Vivek Nagar, |
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Date of Birth/Age : |
15.06.1979 |
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Qualification : |
Diploma in BE |
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Date of Appointment : |
16.09.2005 |
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DIN No.: |
02030548 |
KEY EXECUTIVES
|
Name : |
Mr. Lokanath |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Loganathan Vipranarayana |
52500 |
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Asha Loganathan |
46500 |
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Balasundar Sundarraj |
500 |
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Kannathasan Amikapathy |
500 |
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Total |
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
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 PCB Board, Mixed Signal Board, CAD/ |
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Products : |
· Printed Circuit Board · High Frequency Board · Power Supply Board · Mixed Signal Board · Communication Board · Test Jigs for HMCs · Test Jigs for Simulators · PCB Board ·
CAD, |
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Exports : |
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Products : |
·
PCB Board ·
Mixed Signal Board ·
CAD/ ·
Electronic Systems |
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Countries : |
·
·
·
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
·
·
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Terms : |
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Selling : |
L/C/ Cash/ Credit (30 - 60 days) |
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Purchasing : |
L/C/ Cash/ Credit (30 - 60 days) |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
End Users |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Harisha and Associates Chartered Accountants |
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Address : |
No.7, 2nd Floor, |
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Tel. No.: |
91-80-41690549 |
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Fax No.: |
91-80-22215692 |
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E-Mail : |
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PAN.: |
AAJPH9715Q |
CAPITAL STRUCTURE
As on 31.03.2011
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 |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.000 |
1.000 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.665 |
2.301 |
1.908 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.665 |
3.301 |
2.008 |
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LOAN FUNDS |
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1] Secured Loans |
2.038 |
0.586 |
0.467 |
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2] Unsecured Loans |
0.249 |
0.000 |
0.386 |
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TOTAL BORROWING |
2.287 |
0.586 |
0.853 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.952 |
3.887 |
2.861 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.407 |
0.385 |
0.620 |
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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 |
2.482
|
1.799
|
0.602
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Sundry Debtors |
4.766
|
2.446
|
2.671
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Cash & Bank Balances |
0.838
|
0.520
|
0.671
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
3.328
|
3.053
|
1.416
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Total
Current Assets |
11.414
|
7.818
|
5.360
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
3.686
|
3.104
|
2.324
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Other Liabilities |
0.502
|
0.258
|
0.453
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Provisions |
1.681
|
0.954
|
0.342
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Total
Current Liabilities |
5.869
|
4.316
|
3.119
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Net Current Assets |
5.545
|
3.502
|
2.241
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.952 |
3.887 |
2.861 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
10.732 |
7.885 |
10.432 |
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Other Income |
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TOTAL |
10.732 |
7.885 |
10.432 |
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Less |
EXPENDITURE |
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Office Expenses |
10.042 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
10.042 |
7.138 |
9.689 |
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PROFIT BEFORE
TAX |
0.690 |
0.747 |
0.743 |
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Less |
TAX |
0.325 |
0.354 |
0.023 |
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PROFIT AFTER TAX
|
0.365 |
0.393 |
0.720 |
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Earnings Per
Share (Rs.) |
3.65 |
3.93 |
71.97 |
|
Expected Sales (2011-12) : Rs.13.400 Millions
The above information has been parted by Mr. Lokanath.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.40
|
4.98
|
6.90
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.99
|
9.11
|
12.42
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Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.22
|
0.35
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Debt Equity Ratio (Total Liability/Networth) |
|
2.23
|
1.49
|
1.98
|
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Current Ratio (Current Asset/Current Liability) |
|
1.95
|
1.81
|
1.72
|
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
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 two years |
No |
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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 |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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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 |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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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 |
No |
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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 |
-- |
OPERATIONS
The company has made a total sales turnover of Rs.10.732 Millions for the
year under report as against the turnover of Rs.7.885 Millions for the previous
year.
BACKGROUND
The Company was incorporated on 16 September 2005, as a private limited
company under the Company Act, 1956 (‘the Act’). The Company is engaged in the
business of providing Printed Circuit Board and technical consulting to
customers. The Company presently operates in
FORM 8
|
Corporate
identity number of the company |
U72300KA2005PTC037242 |
|
Name of the company
|
JUPITER DESIGN
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
NO.139, II
MAIN,FURTHER EXT., VIVEK NAGAR, Email : info@jupiterdesingtech.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
80056461 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
State bank of Email : surevict@gmail.com |
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Nature of
instrument creating charge |
Supplemental
agreement of loan-cum-hypothecation sme-4 |
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Date of
instrument Creating the charge |
17.05.2010 |
|
Amount secured by
the charge |
Rs.2.058 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Wcl - At 0.25%
Above Sbar,Effective Rate 12.00% P.A. At Monthly Rests. Penal Int : Max
2% P.A. Over The Terms of
Repayment: Wcl - On Demand. Advance
is for Period of 12 Months. Margin: RM/SFG/FG/CCS/RECEIVABLES
: 25% Extent and
Operation of charge: Exclusive first
charge on the assets of the company and to the full extent. Other : Cash credit
Rs.2.000 Millions BG Rs.0.058
Millions Total Rs.2.058
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypo. of
company's present and future movable fixed assets and current assets like stocks,
raw materials, semi finished and finished goods, book debts, receivables,
outstanding monies, bills, rights, stores, components, furniture and fittings; other movables, plant and
machinery, vehicles and assets to be purchased out of bank finance |
|
Particulars of
the present modification |
The amount
secured by the charge stands increased to Rs.2.058 millions The securities
described and detailed in col no 15 herein above continue for the enhanced
limit. All other terms and conditions remain unchanged. |
FIXED ASSETS
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
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.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.