Attachment 1
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Report
Update On |
18th December, 2000 |
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Report on |
D. J. EXPORTS PRIVATE LIMITED |
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Registered Office |
C-22, New Fruit Market, Azadpur, Delhi – 110 033, INDIA |
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Tel. No. |
91-11-7218183 |
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Fax No. |
91-11-7218183 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
SUMMARY
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Incorporated |
1994 |
Status |
New Company |
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Registration No. |
60187 |
Chief Executive |
Mr. Jatinder Lahani |
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Capital (Rs.) |
200.00 |
Payments |
Unknown |
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Sales (Rs.) |
-- |
Litigation |
-- |
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Net Worth (Rs.) |
(-)9,525.00 |
Banking Reputation |
Unknown |
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No. of Employees |
3 |
Auditors |
Anand Prakash & Company |
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Credit Rating |
C (See attachment 3) |
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INDUSTRY
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FACTORY
Not Applicable
BRANCH
Nil
HISTORY
The company was incorporated on 12th July, 1994 at New Delhi having Company Registration Number 60187.
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
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Mr. Jatinder Lahani |
K-2/3, Model Town, Delhi – 110 009, India |
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Mr. Deepak Gidwani |
K-2/3, Model Town, Delhi – 110 009, India |
MAJOR SHAREHOLDERS
The company’s entire share capital is held by the directors and their nominees.
BUSINESS
The company is engaged in trading of Vegetable Products, Dry-Fruits, Spices, etc.
The company acts as a commission agent in India.
The company has not achieved any business so far though they are in correspondence with a number of parties.
However, the company expects good business this year.
The company operates from a caption rented office premises.
The company is reported to employ 3 persons in its set-up.
SISTER CONCERNS
Nil
BANKERS
K State Bank of India,
Delhi – 110 009, India
AUDITORS
K Anand Prakash & Company
Chartered Accountants
East Park Road, Karol Bagh, New Delhi, India
FINANCIAL INFORMATION
The company's last available financial information for the period ended 31st March, 1999 is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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200,000 |
Equity Shares of Rs.10/- each |
Rs.2.000 millions |
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Issued, Subscribed &
Paid-up Capital : |
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20 |
Equity Shares of Rs.10/- each |
Rs.200.00 |
COMMENTS
Subject is a new trading company having small capital base. Directors are reported as experienced businessmen. Their trade relations are reported as fair. No payment records are available.
The company can be considered for any business dealings on safe and secured trade terms and conditions.
ABRIDGED BALANCE SHEET AS ON 31ST March, 1999
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SOURCES OF FUNDS |
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31.03.1999 (Rs.) |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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200.00 |
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2] Reserves & Surplus |
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0.00 |
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LOAN FUNDS |
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1] Secured Loans |
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0.00 |
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2] Unsecured Loans |
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0.00 |
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GRAND TOTAL
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200.00 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.00 |
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INVESTMENTS |
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0.00 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.00 |
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Sundry Debtors |
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0.00 |
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Cash & Bank Balances |
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480.00 |
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Other Current Assets |
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0.00 |
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Loans & Advances |
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0.00 |
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Total Current Assets |
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480.00 |
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Less : |
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Current Liabilities |
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10,000.00 |
Provisions |
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3,525.00 |
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Net Current Assets |
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(13,045.00) |
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MISCELLANEOUS EXPENSES |
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3,520.00 |
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PROFIT & LOSS ACCOUNT |
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9,725.00 |
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GRAND TOTAL
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200.00 |
IMPORTANT FINANCIAL INFORMATION FOR TWO PERIODS
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PARTICULARS |
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31.03.1999 |
31.03.1998 |
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Sales Turnover |
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0.00 |
0.00 |
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[including other income] |
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Profit/(Loss) Before Tax |
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(1,529.00) |
(1,746.00) |
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Provision for Taxation |
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0.00 |
0.00 |
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Profit/(Loss) After Tax |
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(1,529.00) |
(1,746.00) |
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Dividend |
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0.00 |
0.00 |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal assurance
for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
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Outstanding As On |
% Variation Over |
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Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
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1997-98 |
1998-99 |
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Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
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Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
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Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
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Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
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Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
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Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
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Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
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Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
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Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
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Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
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Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
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Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
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Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
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FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
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Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
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Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
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1992-93 |
175 |
40 |
135 |
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1993-94 |
55,927 |
4,665 |
51,262 |
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1994-95 |
76,310 |
28,354 |
47,966 |
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1995-96 |
96,930 |
27,520 |
69,420 |
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1996-97 |
155,540 |
69,804 |
85,746 |
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1997-98 |
186,948 |
127,373 |
59,577 |
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1998-99 |
161,150 |
176,993 |
-15,844 |
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Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.46.72 |
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UK Pound |
1 |
Rs.68.92 |
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Euro |
1 |
Rs.41.83 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
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the appropriate box.
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GOOD |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature