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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAMSHEDJI CONSTRO-EQUIP PRIVATE LIMITED |
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Registered
Office : |
J-157, M.I.D.C., Bhosari, Pune – 411 026, |
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Country : |
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Date of
Incorporation : |
04.01.2011 |
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Com. Reg. No.: |
11-138163 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U29248PN2011PTC138163 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ07877C |
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PAN No.: [Permanent Account No.] |
AACCJ5154F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Construction Equipments. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (33) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of proprietory firm started in the
year 1983 with the name Jamshedji Construction Machinery Co. Later in the year January, 2011 it got converted into private limited
company. Trade relations are reported to be fair. Business is active. Payments
are unknown. The company can be considered for business dealing 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Jamshed
S. Dalal |
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Designation : |
Director |
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Contact No.: |
91-9890149666 |
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Date : |
03.09.2012 |
LOCATIONS
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Registered Office/ Factory : |
J-157, M.I.D.C., Bhosari, Pune – 411 026, |
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Tel. No.: |
91-20-27130682/ 27130332/ 32931416 |
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Mobile No.: |
91-9890149666 (Mr. Jamshed S. Dalal) |
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Fax No.: |
91-20-27130406 |
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E-Mail : |
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Website : |
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Area : |
100 sq mtr. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Jamshed Soli Dalal |
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Designation : |
Director |
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Address : |
6/7, 2nd Floor, Ahunakar, |
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Date of Birth/Age : |
29.10.1979 |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
03299492 |
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Name : |
Mr. Soli Cawasji Dalal |
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Designation : |
Director |
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Address : |
617, Ahunavar, |
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Date of Birth/Age : |
02.05.1940 |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
03299930 |
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Name : |
Mrs. Thrity Soli Dalal |
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Designation : |
Director |
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Address : |
6/7, Ahunavar, 2nd Floor, |
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Date of Birth/Age : |
11.01.1946 |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
03299814 |
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Name : |
Mrs. Jasmine Jamshed Dalal |
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Designation : |
Director |
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Address : |
Flat No.617, 2nd Floor, |
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Date of Birth/Age : |
08.07.1982 |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
03299797 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Soli Cawasji Dalal |
|
2600 |
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Thrity Soli Dalal |
|
2600 |
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Jamshed Soli Dalal |
|
2400 |
|
Jasmine Jamshed Dalal |
|
2400 |
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Total |
|
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Construction Equipments. |
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Products : |
v
Portable
Concrete Pump v
Concrete
Vacuum Dewatering System v
Vertical
Soil Jumping Rammer v
Scarifier
v
Disc
Float v
Material
Handling Pump v
Power
Trowel v
Double
Beam Vibrator v
Vacuum
Loader v
Vibrator
Mixer v
Tower
Hoist v
Floor
Polishing Machine v
Concrete
Cutter, etc. |
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Exports : |
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Products : |
Construction Equipments |
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Countries : |
v
Asian Countries v
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Janaseva
Sahakari Bank Limited, Bhosari, Pune – 411 039, |
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Facilities : |
Cash Credit/ Term Loan – Rs.27.000 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M.N. Devi and Associates Chartered Accountants |
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Address : |
Office No.A-90, 4th Floor, |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAAM5961F |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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2011-12 |
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Sales Turnover (Approximately) |
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|
50.000 |
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Expected Sales (2012-2013): Rs.100.000 millions
The above information has been parted by Mr. Jamshed S. Dalal (Director).
JAMSHEDJI CONSTRUCTION MACHINERY CO.
(Proprietory Firm)
|
Particulars |
|
|
2010-11 |
|
Sales Turnover (Approximately) |
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|
50.000 |
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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 |
Yes |
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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 |
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 |
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
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking 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 |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34)
External Agency Rating, if available |
No |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29248PN2011PTC138163 |
|
Name of the
company |
JAMSHEDJI CONSTRO-EQUIP PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
J-157, M.I.D.C., Bhosari, Pune – 411 026, E-Mail: jcmc.sales@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Janaseva
Sahakari Bank Limited, Bhosari, Pune – 411 039, E-Mail: metha_pramod2007@rediffmail.com |
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Nature of description
of the instrument creating or modifying the charge |
Deed of Mortgage
dated 24th April, 2012 |
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Date of
instrument Creating the charge |
24.04.2012 |
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Amount secured by
the charge |
Rs.27.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit - 14%
p.a. Term Loan - 16%
p.a. In case of
default 2% p.a. till the same have been paid in full along with interest. Terms of
Repayment: Cash Credit - in
12 months Term Loan - in 48
equated installments of Rs.0.243 million p.m. Margin: Cash Credit - 40% Term Loan - 25% Extent and
Operation of the charge: Limited to the
amount of loan |
|
Short particulars
of the property charged |
1) All that piece
and parcel of Plot No. J - 157, S Block, admj. area 1000 sq. mtrs. along with
factory shed admj. area 620 sq. mrts situated at village Bhosari, Pimpri
Industrial Area MIDC, Taluka Haveli District Pune within the limits of Pimpri
Chinchwad Municipal Corporation and MIDC and within the jurisdiction of
sub-registrar Haveli and bound as under On or towards
east - by road On or towards
east - by open spaces On or towards
south - by Plot No. J 158 On or towards
north - by Plot No. J 156 2) All that piece
and parcel of Bunglow admj area 63.95 sq. mtrs on Plot No.339 in the scheme
of residential plot from Sector No.25 of Pimpri Chinchwad NWE Town
development approved by State Government in Urban Development Department,
total admj an area of 128 sq. mrts. lying being and situated at Village
Nigadi, Taluka - Haveli. District Pune and within the jurisdiction of PCMC
and PCNTDA and registration jurisdiction of sub registrar Haveli and which is bounded by as under: on or towards
east - by plot no 400 and part of plot no 389 On or towards
west - by 15.00 mtrs. wide road On or towards
south - by Plot No.338 Primary charge on
the stock in trade and book debts, plant and machinery, land and building and
security deposited in form of term loan etc. |
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.55.90 |
|
|
1 |
Rs.88.63 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.