|
Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JUPITER INTEGRATED SENSOR SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-414 415 and 416, Kailash Industrial Complex, Behind Godrej Colony, Parksite,
Vikhroli (West), Mumbai - 400079, |
|
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|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-150307 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33129MH2004PTC150307 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ13016D |
|
|
|
|
Legal Form : |
Private limited liability company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of Process Control Instruments
such as Sensors and Transmitters for the Measurement of Pressure, Humidity,
Temperature and Air Flow. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 55000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 and as per commitment. The company can be considered normal for business dealing 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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
G-414 415 and 416, Kailash Industrial Complex, Behind Godrej Colony,
Parksite, Vikhroli (West), Mumbai - 400079, |
|
Tel. No.: |
91-22-25186470 / 25186471/ 25185474 |
|
Mobile No.: |
91-9819575467/ 9819440117 |
|
Fax No.: |
91-22-25186471 |
|
E-Mail : |
bipin@jupiterelectronics.co.in |
DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Bipinchandra Vrajlal Ghelani |
|
Designation : |
Director |
|
Address : |
901/6D, |
|
Date of Birth/Age : |
06.06.1948 |
|
Date of Appointment : |
30.12.2004 |
|
DIN No.: |
00934412 |
|
|
|
|
Name : |
Mr. Keyur Bipinchandra Ghelani |
|
Designation : |
Director |
|
Address : |
901/6D, |
|
Date of Birth/Age : |
29.09.1975 |
|
Date of Appointment : |
30.12.2004 |
|
DIN No.: |
00934359 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Bipinchandra Vrajlal Ghelani |
|
6500 |
|
Mr. Keyur Bipinchandra Ghelani |
|
3500 |
|
Total |
|
10000 |
AS ON 09.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Process Control Instruments such
as Sensors and Transmitters for the Measurement of Pressure, Humidity,
Temperature and Air Flow. |
|
|
|
|
Products : |
·
NIR moisture measurement instrument for wood ·
NIR moisture measurement instrument for food
products ·
NIR moisture measurement instrument for tobacco ·
NIR moisture measurement instrument for chemicals ·
Transmitters for rolling mills ·
Non contact type temperature ·
LVDT position transmitter ·
Dew point transmitter ·
Infrared high temperature sensor ·
Moisture in oil transmitter ·
Wireless data loggers and Thermal imaging camera |
GENERAL INFORMATION
|
Customers : |
·
Newtronic Equipment Company Private Limited, ·
Godrej Industries Limited, ·
Larsen and Turbo Limited, |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
Karnataka Bank Limited, Overseas Branch, 104,
105, 106, Embassy Center, Nariman Point, Mumbai-400021, Maharashtra, India ·
Axis Bank Limited |
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat Shah and Associates Chartered Accountants |
|
Address : |
512, Vyapar Bhavan, 49, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAVPS0984N0 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/-each |
Rs. 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/-each |
Rs. 0.100 Million |
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.657 |
7.214 |
3.082 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.757 |
7.314 |
3.182 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.242 |
0.705 |
0.000 |
|
|
2] Unsecured Loans |
13.267 |
12.387 |
7.545 |
|
|
TOTAL BORROWING |
13.509 |
13.092 |
7.545 |
|
|
DEFERRED TAX LIABILITIES |
0.063 |
0.058 |
0.045 |
|
|
|
|
|
|
|
|
TOTAL |
27.329 |
20.464 |
10.772 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.961 |
0.946 |
0.884 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
32.347
|
13.041
|
13.041
|
|
|
Sundry Debtors |
22.546
|
0.000
|
0.000
|
|
|
Cash & Bank Balances |
9.383
|
0.195
|
0.195
|
|
|
Other Current Assets |
0.000
|
13.189
|
13.189
|
|
|
Loans & Advances |
0.000
|
0.000
|
0.000
|
|
Total
Current Assets |
64.276
|
45.604 |
26.425 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.602
|
14.834
|
14.834
|
|
|
Other Current Liabilities |
1.281
|
0.330
|
0.330
|
|
|
Provisions |
3.025
|
1.373
|
1.373
|
|
Total
Current Liabilities |
37.908
|
26.086 |
16.537 |
|
|
Net Current Assets |
26.368
|
19.518 |
9.888 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
27.329 |
20.464 |
10.772 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
109.760 |
75.544 |
45.090 |
|
|
|
Other Income |
0.762 |
0.672 |
0.000 |
|
|
|
TOTAL |
110.522 |
76.216 |
45.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
79.957 |
58.823 |
33.242 |
|
|
|
Stores and Spares |
10.363 |
8.817 |
5.016 |
|
|
|
Administrative Expenses |
19.188 |
13.015 |
7.435 |
|
|
|
Increase / Decrease in Stock |
(8.846) |
(10.461) |
(3.515) |
|
|
|
TOTAL |
100.662 |
70.194 |
42.178 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.860 |
6.022 |
2.912 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.112 |
0.101 |
0.102 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.748 |
5.921 |
2.810 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.030 |
1.813 |
0.882 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.718 |
4.108 |
1.928 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.190 |
3.082 |
1.154 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.908 |
7.190 |
3.082 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
671.8 |
410.8 |
308.2 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.08
|
5.39 |
4.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.88
|
7.84 |
6.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.94
|
12.72 |
10.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.71
|
0.29 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
5.36 |
7.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.75 |
1.60 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
-- |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
-- |
|
26. Buyer visit details |
-- |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U33129MH2004PTC150307 |
|
Name of the
company |
JUPITER
INTEGRATED SENSOR SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-414 415 and 416
Kailash Industrial complex behind, Godrej colony Parksite Vikhroli (West),
Mumbai – 400079, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Others (RMs, SIP,
SF and FGs) |
|
Particular of
charge holder |
Karnataka Bank Limited,
Overseas Branch, 104-106, Embassy Centre, Nariman Point, Mumbai – 400021, Email ID: bom.overseas@ktkbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
07.01.2010 |
|
Amount secured by
the charge |
Rs. 3.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest At PLR + 0.25%
i.e. 14% p.a. at present Terms of Repayment On demand Margin Margin to be
maintained for overdraft at 25% on stocks and 40% on book debts or at such
other rate as may be stipulated by the Bank from time to time Extent and Operation of the charge Security created
in respect of overdraft facility |
|
Short particulars
of the property charged |
(i) All stocks of
raw materials, stock in process, semi finished & finished goods whatsoever
(both present and future) stored/ stacked / installed/ parked at G, 414 -
416, Kailash Industrial Complex, Behind Godrej Hill Side Colony, Parksite,
Vikhroli (West) Mumbai 400079. (ii) All book
debts / receivables of the company. |
Review of Operation:
The Company had an operating income of Rs.
90.660 millions during the year as compared to Rs. 5.921 millions for the
previous year. The company had carried out trading activities. The company
expects progressive results in the forthcoming year.
AS PER WEBSITE DETAILS:
PROFILE:
Since its establishment in the year 1989, Subject has been engaged in manufacturing, supplying and
exporting of a comprehensive range of process
control instruments such as sensors
and transmitters for the measurement of Pressure, Humidity, Temperature
and Air Flow.
Relying on their state-of-art infrastructure and efficient workforce, they have
been able to extend their distribution network across the country. With their
operational factory at Vasai, they cater their products to their valued clients
in some major cities like Mumbai, Pune,
Under the able and efficient guidance of the founder and Chairman of the
company Mr. Bipin Ghelani, they
have carved a niche for ourselves in the segment of process control instrument
providers. An electrical engineer by profession, Mr. Ghelani possesses an
individual experience of more than 30 years with an excellent track record of
doing business under Indian market conditions.
CERTIFICATION AND
MEMBERSHIP
Certification Name: International Organization for Standardization
s
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. 53.84 |
|
|
1 |
Rs. 86.72 |
|
Euro |
1 |
Rs. 69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.