MIRA
INFORM REPORT
|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAY INSTRUMENTS AND SYSTEMS PRIVATE LIMITED |
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|
|
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Formerly Known
As : |
JAY COMPUTERS
PRIVATE LIMITED |
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|
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Registered
Office : |
E-16, ”Everest”, |
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Country : |
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Financials (as on)
: |
31.03.2013 |
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Date of
Incorporation : |
06.06.1986 |
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Com. Reg. No.: |
11-040036 |
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Capital
Investment / Paid-up Capital : |
Rs.2.460 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000MH1986PTC040036 |
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IEC No. : |
0389022713 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08631A |
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|
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PAN No.: [Permanent Account No.] |
AAACJ1391A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Electronic Weighing Scales. |
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No. of Employees
: |
213 (93 In Office, 42 In Factory, 78 In Branch) (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 609000 |
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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 record. Profitability of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealings at usual trade
term and condition. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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
Uptick in agriculture
and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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. Vijay |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9833045352 |
|
Date : |
03.01.2014 |
LOCATIONS
|
Registered Office : |
E-16, ”Everest”,
Tardeo Road, Mumbai – 400 034, Maharashtra, India |
|
Tel. No. : |
91-22-23526207/
30423048 |
|
Mobile No. : |
91-9833045352 (Mr. Vijay) |
|
Fax No. : |
91-22-23528210 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
|
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Factory 1 : |
C-64, TTC Industrial Area, Turbhe, Navi Mumbai – 400 705,
Maharashtra, India |
|
Tel. No.: |
91-22-27672955/
0092 |
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Fax No.: |
91-22-27670161 |
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Area : |
43057 Sq. ft |
|
Location : |
Owned |
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|
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Factory 2 : |
R.S. No.165/C/1,
1st Gate Industrial Estate, Gokul Road, Hubli – 580 030,
Karnataka, India |
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Area : |
4500 Sq. ft |
|
Location : |
Rented |
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|
|
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Branche 1 : |
212-A, 2nd Floor, Lalita Tower, Bhind Railway Station,
Vadodara – 390007, Gujarat, India |
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Area : |
250 Sq. ft |
|
Location : |
Rented |
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Branche 2 : |
606, Anand Mangal Complex – III, Opposite Core House, Ambawadi,
Ahmedabad – 380006, Gujarat, India |
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Tel No. : |
91-79-26463981 |
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Fax No.: |
91-79-26460234 |
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Area : |
464 Sq. ft |
|
Location : |
Owned |
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Branch Office : |
Also Located At: ·
Delhi ·
Chennai ·
Hubli ·
Tirupur ·
Ludhiana ·
Bhopal ·
Pune ·
Panaji ·
Hyderabad ·
Bangalore · Kolkata |
DIRECTORS
|
Name : |
Mr. Nikhil
Sharadchandra Kothari |
|
Designation : |
Director |
|
Address : |
102, Summer
Ville, Bhulabhai Desai Road, Mahalaxmi, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1970 |
|
Qualification : |
B.E., Electronics
|
|
Date of Appointment : |
01.11.2000 |
|
DIN No.: |
00184152 |
|
|
|
|
Name : |
Mrs. Jayshree
Sharadchandra Kothari |
|
Designation : |
Director |
|
Address : |
122, Summer
Ville, Bhulabhai Desai Road, Mahalaxmi, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1937 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
27.05.2002 |
|
DIN No.: |
00183736 |
|
|
|
|
Name : |
Mr. Parag
Sharadchandra Kothari |
|
Designation : |
Director |
|
Address : |
62, Summer Ville,
Bhulabhai Desai Road, Mahalaxmi, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1967 |
|
Qualification : |
Graduate from
University of Pennsylvania |
|
Date of Appointment : |
31.07.2002 |
|
DIN No.: |
00184852 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Jayshree
Sharadchandra Kothari Sharadchandra Shoorji Kothari |
4010 |
|
Nikhil
Sharadchandra Kothari Saloni Nikhil
Kothari |
1010 |
|
Parag
Sharadchandra Kothari Jigna Parag
Kothari |
1010 |
|
Jay Chemi Colour
Private Limited, India |
10 |
|
Shoorji Trikamdas
Investment Company Private Limited, India |
4530 |
|
Jayshree
Sharadchandra Kothari Sharadchandra
Soorji Kothari |
14030 |
|
Total
|
24600 |
Equity Share Break up (Percentage of Total Equity)
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
18.46 |
|
Directors
or relatives of directors |
|
81.54 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electronic Weighing Scales. |
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Products : |
Manufactured Products ·
Industrial
Weighing Systems ·
Digital Textile
Printers ·
Laboratory
Instruments Traded Products ·
Coding, Marking
and Labelling Systems ·
Product Inspection
Systems ·
Colour, Light
& Appearance Measeurement Systems ·
Textile Solutiosn ·
Process
Measurement Systems ·
Laboratory
Instruments |
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Agencies Held : |
· Konica Minolta Sensing Singapore Pte. Limited, Singapore · Daelim Starlet Company Limited, Korea · Fortress Technology Inc., U.K. · Anritsu Industrial Solutions Company Limited, Japan |
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Exports : |
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Products : |
· Anritsu Make Spares · Drum Filling System · Automation Syatem · Tank Weighing System |
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Countries : |
· Bangladesh · Jeddah · Maldives |
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Imports : |
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Products : |
· Indicator (Digital Weighing Controller) · Mimaki JV5 Print Heads · Printeads / CAB Printers and Accessories · Zanasi make Printers and Accessories |
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Countries : |
· China · Italy · Netherland · Karlsruhe |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011):
|
Licensed Capacity |
2010-2011 |
|
Minicomputers /
Microprocessor Based Systems |
Rs.30.000
Millions |
|
Electronic Weighing
Systems Including Weighing
Bridges / Scales |
Rs.30.000
Millions |
|
Double / Dual Beam
Spectrophotometer |
150 Nos. |
|
Computer Kit Boards |
5000 Nos. |
|
CRT Date Display Monitors |
1000 Nos. |
Capacity has been installed to the extent of the licensed capacity.
Installed capacity is certified by Directors and accepted by Auditors without
verification, this being technical matter.
|
Production |
Unit |
2010-2011 |
|
Electronic Weigh Scale/ Weigh
Bridge/ Indicator |
Nos. |
2529 |
|
Software |
Nos. |
44 |
GENERAL INFORMATION
|
Suppliers : |
·
A and D Instruments India Private Limited, Haryana · Altis Industries |
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|
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Customers : |
End Users and
OEM’s ·
Cipla Limited, Mumbai ·
Clariant Chemicals India Limited, Mumbai · Lorel India ·
G.E. Healthcare Limited |
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No. of Employees : |
220
(Approximately) |
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Bankers : |
· Syndicate Bank, G 001, Rajan House, A.S. Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India · State Bank of India, Worli · Bank of Baroda, Tardeo Branch, Tardeo Road, Mumbai – 400 034, Maharashtra |
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Facilities : |
Credit Limit Rs. 30.000 Millions from Syndicate Bank Fund Based Rs. 150.000 Millions from Syndicate Bank Non Fund Based Rs. 150.000 Millions from Syndicate Bank
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Maganlal and Ajay Mehta Chartered Accountants |
|
Address : |
3, A.K. Naik
Road, Room No.20, Fort, Mumbai – 400 001, Maharashtra, India |
|
Tel No. : |
91-22-22071258 |
|
PAN
No. : |
AAAFM2459H |
|
|
|
|
Associates
Companies/ Firms : |
·
Jaysynth Impex Limited Address : 301, Sumer Kendra, Worli, Mumbai –
400018, Maharashtra, India Line of Business: Manufacturing
of Dyes and Pigments. ·
Jaysynth Dyestuff (India) Limited Address : 301, Sumer Kendra, Worli, Mumbai –
400018, Maharashtra, India Line of Business: Manufacturing
and Trading in Ink, Dyes and Pigments. ·
N.P. Brothers ·
Shoorji Colour Company Private Limited ·
R.P. Trading Company ·
Lester Infoservices Private Limited ·
Sharadchandra Shoorji Trikamdas Charitable Trust |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24600 |
Equity Shares |
Rs.100/- each |
Rs.2.460 Millions |
|
28000 |
5% Redeemable
Cumulative Preference Shares |
Rs.100/- each |
Rs.2.800 Millions |
|
47400 |
5% Redeemable
Cumulative Preference Shares |
Rs.100/- each |
Rs.4.740 Millions
|
|
|
Total |
|
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24600 |
Equity Shares |
Rs.100/- each |
Rs.2.460 Millions |
|
|
|
|
|
Reconciliation
of the shares outstanding at the beginning and at the end of the reporting
period:
|
Particulars |
Opening Balance |
Redemption |
Closing Balance |
|
Equity Shares of
Rs.100/- each fully paid up. |
|
|
|
|
Year ended
31.03.2012 |
|
|
|
|
Number of Shares |
24600 |
-- |
24600 |
|
Amount (Rs. in millions) |
2.460 |
-- |
2.460 |
Rights,
Preferences and restrictions attached to shares
The company has
one class of equity shares having a par value of Rs.100/- per share. Each
shareholder is eligible for one vote per share held. The Dividend when proposed
by the Board of Directors is subject to the approval of the shareholders in the
Annual General Meeting except in case of interim dividend. In the event of
liquidation, the equity shareholders are eligible to receive the remaining
assets of the company after distribution of all preferential amounts in
proportion of their shareholding.
|
Equity
shares |
As at 31st March, 2013 |
|
|
No. of Shares |
% Holding |
|
|
Jayshree
Sharadchandra Kothari jointly with
Sharadchandra Shoorji Kothari |
14030 |
57.03 |
|
Shoorji Trikamdas
Investment Company Private Limited, India |
4530 |
18.41 |
|
Jayshree
Sharadchandra Kothari |
4010 |
16.30 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.460 |
2.460 |
2.460 |
|
(b) Reserves & Surplus |
149.874 |
124.242 |
102.800 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
152.334 |
126.702 |
105.260 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.500 |
4.100 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.757 |
2.433 |
2.254 |
|
Total Non-current Liabilities (3) |
7.257 |
6.533 |
2.254 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
4.087 |
0.000 |
|
(b) Trade payables |
9.763 |
18.920 |
17.007 |
|
(c) Other current
liabilities |
29.772 |
17.057 |
13.470 |
|
(d) Short-term provisions |
0.000 |
0.574 |
5.100 |
|
Total Current Liabilities (4) |
39.535 |
40.638 |
35.577 |
|
|
|
|
|
|
TOTAL |
199.126 |
173.873 |
143.091 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.378 |
29.294 |
25.549 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
1.560 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.392 |
|
(d) Long-term Loan and Advances |
5.801 |
10.595 |
5.720 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
55.179 |
41.449 |
31.661 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.090 |
0.085 |
6.500 |
|
(b) Inventories |
56.973 |
52.923 |
36.537 |
|
(c) Trade receivables |
42.924 |
53.166 |
39.414 |
|
(d) Cash and cash
equivalents |
21.909 |
9.204 |
6.827 |
|
(e) Short-term loans and
advances |
21.831 |
16.944 |
21.959 |
|
(f) Other current assets |
0.220 |
0.102 |
0.193 |
|
Total Current Assets |
143.947 |
132.424 |
111.430 |
|
|
|
|
|
|
TOTAL |
199.126 |
173.873 |
143.091 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
337.489 |
310.212 |
284.257 |
|
|
|
Other Income |
7.293 |
0.612 |
1.231 |
|
|
|
TOTAL |
344.782 |
310.824 |
285.488 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
100.426 |
96.473 |
|
|
|
|
Purchases of traded goods |
61.900 |
51.291 |
|
|
|
|
Changes in
inventories of finished goods, work-in progress and traded goods |
(5.165) |
(8.207) |
|
|
|
|
Manufacturing and Operating Cost |
9.662 |
7.732 |
|
|
|
|
Employee benefits expense |
80.963 |
67.074 |
|
|
|
|
Other expenses |
53.158 |
53.473 |
|
|
|
|
TOTAL |
300.944 |
267.836 |
234.787 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
43.838 |
42.988 |
50.701 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.134 |
0.979 |
0.713 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
42.704 |
42.009 |
49.988 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.386 |
2.969 |
2.802 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
39.318 |
39.040 |
47.186 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
TAXATION |
(13.000) |
13.100 |
17.200 |
|
|
Less/ Add |
Excess Provision
for Income Tax of Earlier Years W/back |
(0.286) |
(0.004) |
(0.176) |
|
|
Less/ Add |
Excess Provision
for FBT of Earlier Years W/back |
0.000 |
(0.001) |
0.004 |
|
|
Less/ Add |
Deferred Tax |
(0.400) |
(4.492) |
0.175 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
25.632 |
21.443 |
29.989 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
83.225 |
61.783 |
37.544 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve A/c |
0.000 |
0.000 |
5.750 |
|
|
BALANCE CARRIED
TO THE B/S |
108.857 |
83.225 |
61.783 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of exports (CIF less insurance and freight) |
|
5.581 |
14.101 |
|
|
|
Sales Commission |
NA |
67.799 |
49.732 |
|
|
TOTAL EARNINGS |
|
73.380 |
63.833 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Sub-assemblies and Components |
|
20.026 |
16.896 |
|
|
|
Others |
NA |
26.174 |
25.952 |
|
|
TOTAL IMPORTS |
|
46.200 |
42.848 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1041.96 |
871.65 |
1219.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.43
|
6.90 |
10.50
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.65
|
12.58 |
16.60
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.74
|
22.66 |
33.07
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.31 |
0.45
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.03 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.64
|
3.26 |
3.13
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10053828 |
15/07/2013 * |
25,000,000.00 |
SYNDICATE BANK |
G001, Rajan House, A. S. Marathe Marg, Prabhadevi, MUMBAI, Maharashtra
- 400025, INDIA |
B84006253 |
|
2 |
80031215 |
19/09/2013 * |
25,000,000.00 |
SYNDICATE BANK |
G001, Rajan House, A. S. Marathe Marg, Prabhadevi, MUMBAI, Maharashtra
- 400025, INDIA |
B85735223 |
|
3 |
90214624 |
27/08/1996 |
8,521,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
4 |
90214460 |
10/03/1992 |
2,400,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
5 |
90214442 |
10/03/1992 * |
900,000.00 |
BANK OF BARODA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY, Maharashtra,
INDIA |
- |
|
6 |
90214441 |
10/03/1992 * |
600,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
7 |
90214428 |
10/03/1992 * |
800,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
8 |
90214427 |
11/12/1990 * |
900,000.00 |
BANK OF BARODA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY, Maharashtra,
INDIA |
- |
|
9 |
90214388 |
10/03/1992 * |
2,400,000.00 |
BANK OF BARODA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY, Maharashtra,
INDIA |
- |
|
10 |
90214386 |
10/03/1992 * |
1,600,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
11 |
90214357 |
19/04/1991 * |
1,600,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
12 |
90214349 |
11/12/1990 * |
1,600,000.00 |
BANK OF BARODA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY,Maharashtra,
INDIA |
- |
|
13 |
90214321 |
02/05/1991 * |
2,400,000.00 |
BANK OF INDIA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY, Maharashtra,
INDIA |
- |
|
14 |
90214310 |
10/03/1992 * |
1,200,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra, |
- |
|
15 |
90214306 |
11/12/1990 * |
2,100,000.00 |
BANK OF BARODA |
TARDEO BRANCH, TARDEO ROAD, BOMBAY, Maharashtra |
- |
|
16 |
90214301 |
10/03/1992 * |
1,800,000.00 |
BANK OF INDIA |
KHAND BAZAR BRANCH, 125/127; KAZI SYED STREET, BOMBAY, Maharashtra,
INDIA |
- |
* Date of charge modification
TRADE REFERENCES:
SUPPLIERS
·
A and D Instruments India Private Limited, Mr. Chikara Arai (Ph. No. :
91-124-47155555)
· Altis Industries, Mr. Vishal Khasgiwal, (Mob. No. 91-9926261262)
CUSTOMERS
·
Lorel India, Shilpa Joshi (Tel No. :
91-22-67143071)
·
G.E. Healthcare Limited, Jessy Joy (Mo. No.
91-9845225756)
FIXED ASSETS
·
Leasehold Land
·
Factory Road
·
Factory Building
·
Air- Conditioning
·
Plant and Machinery
·
Electrical Installation
·
R&D Equipment
·
Office Equipment
·
Furniture and Fixture
·
Generator
·
Factory Equipment
·
Safety Equipment
·
Office Premises
·
Computers
·
Water Cooler
·
Motor Vehicles
·
Cycle
·
Tools and Equipments
·
Mobile Handset
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 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 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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.