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Report No. : |
312402 |
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Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
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Name : |
IDEMI INSTITUTE FOR DESIGN OF ELECTRICAL MEASURING INSTRUMENTS |
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Registered
Office : |
Swatantryaveer Tatya Tope Marg, Chunabhatti, Sion, Mumbai – 400022,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Year of
Establishment: |
1969 |
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Capital
Investment / Paid-up Capital : |
Rs. 398.189 Million |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Government Entity |
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Line of Business
: |
Service provider of short term and part time courses Testing Services,
Too; Room Services Calibration Services and Certificate Courses. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 organization established by the Government of India as a
service to Instrument Industry Organization. Its main objective is to provide services to Micro, Small and Medium
Enterprises. It is having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The subject can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
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 |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (TEL No. 91-22-24050301)
LOCATIONS
|
Registered Office : |
Swatantryaveer Tatya Tope Marg, Chunabhatti, Sion, Mumbai – 400022,
Maharashtra, India |
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Tel. No.: |
91-22-24050301/02/03/04 |
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Fax No.: |
91-22-24050016 |
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E-Mail : |
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Website : |
MANAGEMENT
As on: 31.03.2014
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Chairman |
Additional
Secretary & Development Commissioner (MSME), Government of India, Ministry of Micro, Small and Medium Enterprises, Nirman Bhavan, New Delhi – 110 108. |
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List of Governing
Council & Society |
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Representative of
Government of India:- |
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Director (Physics
Group), BARC, Mumbai |
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ADC / IA / Director Officer of the DC (MSME), Ministry of Micro, Small and Medium Enterprises, Nirman Bhavan, New Delhi. |
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Director / Under
Secretary IF Wing, Ministry of Micro, Small and Medium Enterprises, Udyog Bhavan, New Delhi. |
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Representative of
Maharashtra Government:- |
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Development
Commissioner (Industries) Government of Maharashtra, Mumbai. |
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Labour Commissioner Government of Maharashtra, Mumbai. |
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Director
(Operation) Maharashtra State Electricity Distribution Corporation Limited (MSEDCL), Prakashgad, Bandra, Mumbai. |
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Representative of
Allied Institution / University:- |
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Deputy Director
General, Bureau of Indian Standards Western, Mumbai. |
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Director, National Physical Laboratory (NPL), New Delhi. |
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Head, (Mechanical Engineering Department) Indian Institute of Technology (IIT) Mumbai. |
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Representative of
Industry:- |
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President, Indian Electrical and Electronics Manufacturers Association (IEEMA) Mumbai. |
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President, Instrument Manufactures and Dealers Association (IMDA) Mumbai. |
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Managing Director M/s. Ashida Electronics Private Limited, Mumbai. |
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Managing Director Meco Instruments Private Limited Plot No. EL-1 MIDC Electronic Zone, T.T.C. Industrial Area, Mahape, Navi Mumbai. Pin Code – 400 710. |
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Managing Director M/s. Toshiwal Bros. Private Limited Mumbai. |
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Member – Secretary
Principal Director, MSME-TDC, Mumbai |
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Name : |
Lt. Gen. S.P. Kochhar |
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Designation : |
Principal Adviser to DC (MSME) on ESDM Sector |
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Name : |
Dr. Ajay Kumar |
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Designation : |
Jt. Secretary DeitrY Ministry of Communication and IT, New Delhi |
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Name : |
Prof. H.S. Jamdagni |
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Designation : |
Indian Institute of Science (IISc), Bangalore |
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Name : |
Prof. I.K. Bhat |
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Designation : |
Director Malaviya National Institute of Technology (MNIT) Jaipur |
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Name : |
Shri Deepak Bhardwaj |
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Designation : |
Executive Committee Indian Smart Grid Forum (ISGM) |
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Name : |
Shri Sanjiv Narayan |
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Designation : |
CMD, SGS Takniks Manufacturing Private Limited and Past President
Electronics Industries Association of India (ELCINA) |
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Name : |
Shri Sanjeev Keskar |
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Designation : |
MD, PMC Sierra (I) Private Limited Bangalore and Chairman India Electrics
and Semiconductor Association (IESA). Bangalore |
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Name : |
Shri Uma Reddy |
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Designation : |
MD, Hitesh Magnetics and Imm Past President Consortium of Electinics Industries of Karnataka (CLIK) |
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Name : |
Shri Ashok Kanodia |
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Designation : |
Managing Director Precisio Electronis Limited Noida 201 301 |
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Name : |
Shri Sanjay Bisariya |
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Designation : |
Join Development Commissioner O/O DC (MSME) |
BUSINESS DETAILS
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Line of Business : |
Service provider of short term and part time courses Testing Services,
Too Room Services Calibration Services and Certificate Courses. |
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Products/Service: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Auditors : |
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Name : |
Kochar and Associates Chartered Accountants |
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Address : |
302, Swapnabhoomi “A” wing, S.K. Bole Road, Dadar (West), Mumbai – 400028,
Maharashtra, India |
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Tel. No.: |
91-22-24379537/8212/24229490 |
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Fax No.: |
91-22-24379537/8212/24229490 |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
CORPUS / CAPITAL FUND
|
Particular |
|
Amount |
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a) Balance at the Beginning of the year … |
|
Rs. 389.036
Million |
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Add: Contributions towards Capital Grant during the year |
|
Rs. 30.000
Million |
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TOTAL (A) |
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Rs.
419.036 Million |
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b) Income and Expenditure Account - Balance at the Beginning of the year… |
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Rs. (56.644)
Million |
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Less: Balance of net Income transferred from Income and Expenditure Account |
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Rs. 35.797
Million |
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TOTAL (B) |
|
Rs.
(20.847) Million |
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BALANCE AT THE YEAR
END ( A - B ) |
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Rs.
398.189 Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
BALANCE SHEET
|
Particular |
|
31.03.2014 |
31.03.2013 |
|
CORPUS CAPITAL FUND
AND LIABILITIES |
|
|
|
|
(Corpus /Capital Fund |
|
398.189 |
332.393 |
|
Earmarked/Endowment Funs |
|
2.500 |
0.000 |
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Sundry Creditor |
|
3.407 |
2.679 |
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Provision |
|
8.927 |
7.938 |
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Other
long term liabilities |
|
7.009 |
14.426 |
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TOTAL |
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420.032 |
357.436 |
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ASSES |
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Fixed
Assets |
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228.262 |
185.444 |
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Inventories
|
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13.399 |
13.498 |
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Sundry
Debtor |
|
18.473 |
23.091 |
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Cash and
Bank Balance |
|
140.933 |
125.476 |
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Loan,
Advance and Other Assets |
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18.965 |
9.927 |
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TOTAL |
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420.032 |
357.436 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
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SALES |
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Income from Sale/Service |
|
77.873 |
61.454 |
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Fees/Subsidies |
|
82.318 |
74.509 |
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Interest Earned |
|
10.577 |
6.523 |
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Other Income |
|
0.501 |
0.033 |
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Increase/Decrease in stock of finished goods and work in progress |
|
1.645 |
(0.400) |
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TOTAL (A) |
|
172.915 |
142.120 |
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Less |
EXPENSES |
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|
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Establishment Expenses |
|
62.040 |
57.745 |
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Other Administrative |
|
47.937 |
40.142 |
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Deprecation |
|
27.140 |
23.909 |
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TOTAL (B) |
|
137.118 |
121.796 |
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BALANCE
BEING EXCESS OF INCOME OVER EXPENDITURE (A-B) |
|
35.797 |
20.324 |
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|
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BALNCE BEING SURPLS (DEFICIT) CARRIED TO CORPUS CAPITAL FUND |
|
35.797 |
20.324 |
|
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
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 |
Yes |
INTRODUCTION:
IDEMI, Institute for Design of Electrical Measuring Instruments, was established as a Govt. of India Society in September 1969 with joint efforts of UNIDO/UNDP Vienna and Ministry of Industry, Govt. of India. IDEMI is a MSME Technology Development Centre, Mumbai & its main objective is to provide Service to Micro, Small & Medium Enterprises. Additional Secretary and Development Commissioner (MSME) is exofficio Chairman of the Governing Council of IDEMI which controls the functioning of the Institute.
OBJECTIVES:
IDEMI is providing services to Micro, Small & Medium Enterprises in following areas:
a) Design & Development of Instruments
b) Calibration & Testing of Electrical/Electronic Measuring Instruments, Process control measuring Instruments & Dimensional measuring Instruments.
c) Design & Manufacturing of Tooling of Instruments i.e. Press Tools, Molds, Die Casting Dies, Jigs,
d) Fixtures & Gauges
e) Up gradation of Technical Skills of trained & untrained manpower from MSME Industrial Sector, Information Technology Sector & Society by Conducting Long Term & Short Term Training Programmers in various field (Skill Development & Vocational Training programmers).
A) SPECIAL
ACHIEVEMENTS:
1) IDEMI Training Division has trained
SC Trainees - 2594
ST Trainees - 374
OBC Trainees - 768
Women Trainees - 390
Others - 21
General – 2553
The no. of Total Trainees Trained is 6700 during the year.
2) IDEMI has conducted SC/ST Training Program for BARTI, Pune & Tribal Division and Nashik.
IDEMI completed 248 nos. of BARTI students.
IDEMI completed 70 nos. of Tribal students of Nashik Division.
3) IDEMI has conducted 4 batches of training programmer on “Radiography Testing Level – 2” in association with BARC, Mumbai & trained total 130 participants.
4) Total 900 nos. of students have completed their training for the various training courses sponsored by MSME under the scheme of ESDP.
5) Also IDEMI completed course for MEWAR University students last year completed 164 students of Engineering back ground Industrial Automation course and CAD/CAM and Software Programming Course
6) One day training programmer on following:-
_ Calibration of Temperature, Pressure & Flow Transducers” - 57
_ Software Programming - 16
_ Tool Design – 34
_ Vulnerability Assessment - 33
_ Information Technology – 54
7) Two day training programmer on Animation was conducted for 43 participants.
B) PROJECT
DEVELOPMENT:-
Major Development Work done during the year 2013-14
1) IDEMI Mumbai
Manufacturing & Supply of Type P-70 Handle PDC Die-1. These dies are made
for small scale industries and the PR die cast components are exported.
2) Following
Manufacturing & Supply of developed for small scale industry and molded
parts used in electrical industry.
a) 2” Cavity Plastic Injection Mould-1set. The molded parts are used in health care/family
b) Planning sector.
c) Manufacturing & Supply of 1, 3, 6 module PC plate mold-3 Nos.
d) Component used in circuit breakers and electrical applications.
e) 8 Module (Horizontal) & 8 Module (Square)-2 Sets and
f) Mould-5/6/7-3 Sets and developed for small scale industry.
g) 8 Modules & +6 Module Single Cavity Die-2.
3) IDEMI Mumbai Manufacturing & Supply of following Item for BARC, Indian Mint & SAC Ahmedabad.
4) ELECTRICAL
CALIBRATION LABORATORY:
During the year lab has
undertaken following calibration work on customer’s site:
5) FLOW CALIBRATION
LABORATORY:
Flow calibration Laboratory at IDEMI, Mumbai offers in-house as well as on site calibration service to the clients & is accredited as per ISO 17025:2005 by NABL, INDIA. The state-of-art flow laboratory is designed as per international requirement and the test rig is confirming to ISO 4185 which is used for Fluid Flow Measurement & Calibration of liquid flowmeters of process industries, flowmeter manufacturer, water utilities and third party inspectors while ensuring traceability of their calibration to National / International Standards.
This lab has facility to calibrate flow instruments like water meters, electro-magnetic flowmeters, mass flowmeters, turbine flowmeters, ultrasonic flowmeters and vortex flowmeters and ultrasonic flowmeters.
The flowmeters can be calibrated at Flow Lab from 0 to 240 m 3/hr flow range with 0.2 % system uncertainty.
Ingress Protection for Dust & Water provided by the enclosures as per IS, BS or IEC specifications.
IP tests like IP 55/IP 65/IP 67/68 is performed on junction boxes, enclosures.
Exhibition
Participation: -
A. ELECRAMA Exhibition held at Bangalore in January 2014
B. Middle East Electricity Exhibition held at Dubai in the month of February 2014.
New Purchases during
2013– 2014
(1) Digital weighing machine, resolution 0.1 kg, Range 0 to 5000 kg with load cell system
Major achievement
from April 2013 to March 2014
Calibration services
offered to following prestigious customers:
1. Calibration of multi sensor wet type ultrasonic flowmeter which is fabricated by IDEMI for BARC, MUMBAI
2. Industrial visits of Engineering College students 500 approx. for understanding of calibration methodology and theory of flowmeter calibration.
DETAILS OF ASSETS
CREATED OUT OF UTILIZATION OF PLAN FUNDS:-
IDEMI has received
non-recurring grants of Rs.465.00 Million & procured following equipments:-
FUTURE PLAN FOR THE
YEAR 2014-15:-
As per recommendation of evaluation study report following equipments are planned to upgrade the
Laboratories:
CONTINGENT
LIABILITIES:
FIXED ASSETS:
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 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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
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|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
MTN |
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.