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Report Date : |
25.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
JAYPEE
ENGINEERING AND HYDRAULIC EQUIPMENT COMPANY PRIVATE LIMITED |
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Registered Office : |
24, Strand Road, Kolkata
– 700 001, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
26.05.1995 |
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Com. Reg. No.: |
21-71783 |
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CIN No.: [Company
Identification No.] |
U27104WB1995PTC071783 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALJ02106G |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer of
Road Roller, Tower Crane, Hydraulic Tapper, etc. |
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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Maximum Credit Limit : |
USD 59000 |
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Status : |
Improving |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company and its financial position is
improving. The company has been successful in wiping off all its previous
losses. Trade relations are fair. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Deepak |
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Designation : |
Finance Head |
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Date : |
23.07.2008 |
LOCATIONS
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Registered Office/Head Office : |
24, Strand Road,
Kolkata – 700 001, West Bengal, India |
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Tel. No.: |
91-33-22305810 |
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Fax No.: |
91-33-22307199 |
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E-Mail : |
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Area : |
3000 sq. ft. |
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Location : |
Rented –
Commercial |
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Factory: |
Anil Nagar, Budge
Budge Trunk Road, Govindpur, District South 24 Paraganas, Kolkata, West
Bengal, India |
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Location : |
Owned –
Industrial |
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Corporate Office : |
Anil Nagar, Budge
Budge Trunk Road, Govindpur, District South 24 Paraganas, Kolkata, West
Bengal-700139, India |
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Location : |
Owned –
Industrial |
DIRECTORS
|
Name : |
Mr. Jagdish
Prasad Agarwal |
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Designation : |
Managing Director
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Address : |
G-106, Block ’F’,
New Acipore, Kolkata-700053, West Bengal, Mr. |
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Date of Birth/Age : |
27.09.1938 |
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Qualification : |
B. Com. |
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Experience : |
48 Years |
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Other Directorships : |
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Election Commission Identity Card No. |
W B-23-150-015394 |
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Name : |
Mr. Shekhar
Agarwal |
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Designation : |
Director |
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Address: |
G-106, Block ’F’,
New Acipore, Kolkata-700053, West Bengal, India |
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Date of Birth: |
21.09.1964 |
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Qualification: |
Post Graduation |
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Date of Appointment: |
26.05.1995 |
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Name : |
Mrs. Bimla Devi
Agarwal |
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Designation : |
Director |
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Name : |
Mr. Dilip Kumar
Ghosh |
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Designation : |
Whole time
Director |
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Address: |
81/5 Baroda
Avenue, Kolkata-700084, West Bengal, India |
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Date of Birth: |
09.10.1947 |
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Qualification: |
Technical
Engineer |
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Date of Appointment: |
01.04.2008 |
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Name : |
Mrs. Bela Agarwal |
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Designation : |
Whole Time
Director |
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Address: |
G-106, Block ’F’,
New Acipore, Kolkata-700053, West Bengal, India |
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Date of Birth: |
29.04.1967 |
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Qualification: |
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Date of Appointment: |
26.05.1995 |
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Election Commission Identity Card No. |
W B-23-150-015397 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 29.09.2003
|
Names of
Shareholders |
|
No. of Shares |
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Mr. Jagdish
Prasad Agarwal |
|
25100 |
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Mrs. Bimla Devi Agarwal |
|
40000 |
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Mrs. Bela Agarwal |
|
100 |
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Mr. Nandlal
Agarwal |
|
100 |
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Mr. Subhash
Agarwal |
|
100 |
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Mrs. Nilam
Agarwal |
|
14000 |
|
Ms. Pushpa Gupta |
|
16000 |
|
Ms. Kiran Gupta |
|
14000 |
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Mr. Surekha
Suresh Chand |
|
10000 |
|
Techno Builders
Private Limited |
|
30000 |
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Jai Mata Finance
Company Limited |
|
20000 |
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Ms. Rama Devi
Agarwal |
|
15000 |
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Mr. Sushil Kumar
Gupta |
|
12500 |
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Ms. Saroj Agarwal |
|
11000 |
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Mrs. Sabita Devi
Mittal |
|
8000 |
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Mr. Rohitash
Chandra Mittal |
|
16000 |
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Mr. MIthilesh
Agarwal |
|
11000 |
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Mr. Prem Chand
Agarwal |
|
6000 |
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Mr. Mamm Chand
MIttal |
|
16000 |
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Mr. Hemant Kumar
Saraf |
|
14000 |
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Mr. Dinesh
Agarwal |
|
11000 |
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Mr. Deepak
Agarwal |
|
6500 |
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Mr. Mohan Kumar
Goenka |
|
7500 |
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M r. Suresh Kumar
Agarwal |
|
12500 |
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Mr. Shyam Sunder
Agarwal |
|
20000 |
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Ms. Nirmla
Agarwal |
|
12500 |
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Gaygay Electro
Traders |
|
26500 |
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Mr. Piyush Kumar
Tantia |
|
10000 |
|
Mr. Sunil Kumar
Gupta |
|
11000 |
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S K Mercentile
Credit |
|
20000 |
|
Sweetly Trade and
Agency |
|
55000 |
|
Sweetly Holdings Private
Limited |
|
25000 |
|
Kamlesh
Mercentile Private Limited |
|
40000 |
|
Mr. Om Prakash
Agarwal |
|
15000 |
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Mr. Bajaranglala
Bhoot |
|
7000 |
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Mr. Swapan Kumar
Ghosh |
|
27000 |
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Mr. K G Kumar |
|
25000 |
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Mr. Pawan Kumar
Sharma |
|
32000 |
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Pawan Kumar
Sharma (HUF) |
|
10000 |
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Mr. Ratanlal
Kumar Goswami (HUF) |
|
10000 |
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Mr. Prakash Kumar
Goswami |
|
23000 |
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Sajan Kumar
Goswami (HUF) |
|
10000 |
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Mr. Ratanlala
Goswami |
|
16000 |
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Mr. Sajjan Kumar
Goswami |
|
16000 |
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Divyam Domestic
Care |
|
37500 |
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S S Tracon
Limited |
|
25000 |
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Kamlesh Trade and
Agency |
|
32000 |
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Mr. Raj Kumar
Choudhary |
|
13000 |
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Mrs. Meena
Agarwal |
|
5000 |
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Mr. Raj Kumar
Gupta |
|
5000 |
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Mr. Sajjan Kumar
Gupta |
|
2500 |
|
Mrs. Sarika
Agarwal |
|
7000 |
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Mrs. Seema Kedia |
|
9000 |
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Mrs. Suman Kedia |
|
9000 |
|
Rimmi Enterprises |
|
32500 |
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Mrs. Kusum Sharma |
|
22500 |
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Mr. Shankarlal
Agarwal |
|
32100 |
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Mr. Sekhar
Agarwal |
|
25000 |
Equity Share Break Up As On 29.09.2007
|
Particulars |
Percentage |
|
Bodies Corporate |
32.00 |
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Directors or Relatives of Directors |
11.00 |
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Other Top 50 Share Holders |
57.00 |
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Total: |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of
Road Roller, Tower Crane, Hydraulic Tapper, etc. |
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Products : |
Road Roller –
843149.00 Tower Crane –
842620.00 Hydraulic Tapper
– 842450.02 |
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Exports : |
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Countries : |
Bangladesh, Nepal, Bhutan |
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Imports : |
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Countries : |
China and USA |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit (60 days) |
GENERAL
INFORMATION
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Customers : |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sunil Manpuria and Associates (Chartered Accountant) |
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Address : |
11 Pollock Street, 1st Floor, Kolkata-700001, West Bengal,
India |
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Affiliates : |
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Associates/Subsidiaries : |
Calcutta Forgoing and Steel Industries Limited |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
1000000 |
Equity Shares |
Rs. 10/- |
Rs. 10.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
969500 |
Equity Shares |
Rs. 10/- |
Rs. 9.695 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
9.695 |
9.695 |
9.695 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.105 |
5.145 |
5.426 |
|
|
4] (Accumulated Losses) |
0.000 |
(1.054) |
(3.459) |
|
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NETWORTH |
11.800 |
13.786 |
11.662 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
3.910 |
1.038 |
5.740 |
|
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2] Unsecured Loans |
6.434 |
0.000 |
0.276 |
|
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TOTAL BORROWING |
10.344 |
1.038 |
6.016 |
|
|
DEFERRED TAX LIABILITIES |
0.261 |
0.635 |
0.728 |
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|
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TOTAL |
22.405 |
15.459 |
18.406 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.083 |
10.297 |
11.253 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.500 |
0.500 |
0.500 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.171
|
13.808 |
8.942 |
|
|
Sundry Debtors |
14.266
|
10.359 |
12.539 |
|
|
Cash & Bank Balances |
3.940
|
2.949 |
2.744 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.311
|
1.860 |
2.897 |
|
Total
Current Assets |
46.688
|
28.976 |
27.122 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
29.640
|
22.763 |
20.019 |
|
|
Provisions |
2.226
|
1.551 |
0.450 |
|
Total
Current Liabilities |
31.866
|
24.314 |
20.469 |
|
|
Net Current Assets |
14.822
|
4.662 |
6.653 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.405 |
15.459 |
18.406 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
3.60
|
25.03 |
4.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.19 |
1.32 |
LOCAL AGENCY
FURTHER INFORMATION
|
Parameters |
Details |
|
Existence Verification: |
|
|
Name |
JAYPEE ENGINEERING AND HYDRAULIC EQUIPMENT
COMPANY LIMITED |
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Phone/ Mob No. |
91-33-24905332 |
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Statutory Approvals: |
|
|
Legal Status of Firm |
Private Limited Company |
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Income Tax Registration |
AACJ6628E |
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Central Sales Tax Registration |
19490408172 |
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VAT/TIN Registration |
19490408075 |
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Import Export Code |
0297023977 |
Form NO.8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified
|
90246959 |
|
Corporate
identity number of the company |
U27104WB1995PTC071783 |
|
Name of the
company |
JAYPEE ENGINEERING
AND HYDRAULIC EQUIPMENT COMPANY LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
24 Strand Road,
Ground Floor, Kolkata-700001, West Bengal, India |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others |
|
Particular of
charge holder |
Bank of Rajasthan
Limited, Strand Road Branch, 25, Strand Road, Kolkata-700001, West Bengal,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
Goods to secure a demand cash credit Charge and
hypothecation of Book Debts General Letter of
Hypothecation for Inland/ Foreign Bills purchased Agreement Of
Hypothecation of Machinery and goods. |
|
Date of
instrument Creating the charge |
31.03.2007 |
|
Amount secured by
the charge |
Rs.13.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest shall be
charged at such rate or rates as may be decided by bank from time to time
subject to minimum of 1% above BPLR, presently 15% p.a. with monthly rests. Terms of
Repayment: Repayable on
demand Margin: Margin shall be
40% on stocks or such as may be decided by bank from time to time. Extent and
operation of the charge: The charge shall
operate as first charge in favour of bank |
|
Short particulars
of the property charged |
All present and
future: Whole of
products, stocks in trade, and goods etc at godowns or anywhere else
including on high sea Book Debts,
outstanding Moneys, bills, etc Inland and
Foreign bills purchased by Bank Goods procured
out of L/C opened by the bank Plant and
Machineries and Fixed Assets |
|
Date of latest modification
prior to the present modification |
30.06.2004 |
|
Particulars of
the present modification |
By this
modification : The limit is
raised from Rs.6.000 millions to Rs.13.000 millions as follows: Cash Credit’s.
Rs.5.000 millions, Letter of Guarantee: Rs. 5.000 Millions, LC import/ Inland
(DP) Rs. 3.000 millions Other terms and
conditions remain unchanged Overall limit is
Rs. 13.000 millions |
Bankers Charges
Report as per Registry
|
Name of the company |
JAYPEE ENGINEERING
AND HYDRAULIC EQUIPMENT COMPANY LIMITED |
|
Presented By |
Mr. Shekhar
Agarwal- Director |
|
1) Date and description of instrument creating the change |
Date :02.01.2004 Oral Assent to
create equitable mortgage Draft letter of
continuity Date :20.11.2000 Oral Assent to
create equitable mortgage Consent letter in
Annexure I |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.7.000 millions In respect of
united steel corporation is Rs. 5.000 millions In respect of
Calcutta for ging and steel industries private limited is Rs 2.000 millions Total- Rs. 7.000
millions Rs. 4.000
millions United Steel
Corporation Rs. 2.000 millions Calcutta Forging
and Steel Industries is Rs. 2.000 millions Total: Rs. 4.000
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable
mortgage by way of deposit of title deeds in respect of property bearing DAG
no. 221, under Khatian No. 198, J.L 11 of Mouza Sampa, Mirza Nagar Anil
Nagar, P.O and P.S, Maheshtala , district South 24 PGS. Being the 2 nd
portion of factory measuring area of Rs. 8.73 Cottahs. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The charge has
been created to secure the limits sanctioned by bank to following parties in
respect of which the company also stands as guarantor. United Rs. 5.000
millions steel corporation Calcutta Rs.
2.000 millions forging and steel industries private limited Total: 7.000
millions The bank shall be
entitled to charge interest @0.00% over BPLR subject to minimum of 11.75%
p.a. with qly. Rests or such other rate or rates as may be decided by bank
from time to time. The charge has
been created to secure the limits sanctioned by bank to following parties in
respect of which the company also stands as guarantor. United steel
corporation Calcutta forging Rs. 2.000 millions and steel industries private
limited Total: 4.000
millions |
|
5) Name and Address and description of the person entitled to the charge. |
The Bank of
Rajasthan Limited, Strand Road Branch, 25, Strand Road , Kolkata-700001, west
Bengal ,India |
|
6) Date and brief description of instrument modifying the charge |
Date 02.01.2004 Oral assent
equitable mortgage Draft letter of
continuity |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
United steel
corporation Rs. 2.000 millions Calcutta forgings
and steel industrial limited Rs. 2.000 millions Total: 7.000
millions |
Profile
Cost efficiency and timely deliveries have earned us a loyal client base in the domestic as well as international market. The principal aim is to comprehend the changing needs of industries and come out with innovative products to meet the exacting requirements of clients.
Products
1. Hydraulic Cranes
2. Hydraulic Scissor Lift
3. Hydraulic Truck Unloader
4. Hydraulic Grabs
5. Hydraulic Road Roller
6. Hydraulic Mobile &
Stationary Cranes
7. Hydraulic Scissors Lift Platform
8. Hydraulic Clam Shell Grabs
9. Hydraulic Mobile Scrappers
10. Hydraulic Electrode Handling Device
11. Hydraulic Log / Bamboo Handler
12. Hydraulic Self-propelled Multi Loader
13. Custom built Hydraulic Equipment
14. Power Packs
Hydraulic Cranes
Salient Features :
Safety Features :
|
Model |
Maximum Moment Kg. M. |
Maximum horizontal out reach |
STD. basic crane Weight Kg. |
Slewing range Deg. |
Working pressure Bar |
Crane height in contracted
position from top of chassis mm. |
Recommended GVW for mounting
vehicle Tonne9 |
|
JPC 6 |
6000 |
5.1 |
1450 |
380 |
200 |
2240 |
|
|
JPC 9L |
9000 |
6 |
2100 |
380 |
200 |
1900 |
16 |
|
JPC 14 |
14000 |
6.36 |
2360 |
380 |
200 |
2350 |
16 |
|
JPC 16 |
16000 |
9.01 |
2490 |
380 |
230 |
2405 |
16 |
|
JPC 19 |
19000 |
10.84 |
3000 |
380 |
270 |
2241 |
24 |
|
JPC 25 |
25400 |
10.84 |
3100 |
380 |
270 |
2241 |
24 |
|
JPC 35 |
35000 |
11.13 |
3950 |
380 |
270 |
2308 |
24 |
|
JPC 45 |
45000 |
11.02 |
4500 |
380 |
270 |
2314 |
24 |
Hydraulic Scissor Lift
JEHEL SCISSOR LIFT PLATFORMS provide an effective and safe solution for
erection and maintenance jobs at elevated levels.
These Platforms find extensive uses in Hydro-electric Power Projects, Thermal
Power Stations, Metal Extraction Industries, Airports, Docks, Ports and other
Process Industries.
These Platforms are available in both STATIONARY and MOBILE versions. The MOBILE
versions can be mounted on TRUCKS as well as TROLLEYS.
The Power Packs of these Platforms are adaptable to both Electric Motor and
Diesel Engine drives. For Truck mounted versions, the drive can be taken from
"Power Take-off" Units mounted on the Gear Box of the Truck.
JEHEL Scissors Lift Platforms
are provided with 4 (four) nos. STABILIZERS (OUTRIGGERS) as a standard feature
to provide complete safety to users. The raising of the Platform is
safety-interlocked with Stabilizers to prevent raising the platform before
stabilizers are fully deployed. The stabilizers cannot be retracted, unless the
platform is fully lowered.
Dual control on the platform and at the ground level and Manual Operation in
case of motive power failure are also offered as standard features.
|
TECHNICAL SPECIFICATIONS |
|||
|
PARAMETER |
UNIT |
MAX |
MIN |
|
LIFT from Ground Level (G.L.) |
Metre |
12 |
2 |
|
CLOSED HEIGHT from (G.L.) |
Metre |
2.1 |
0.7 |
|
Safe Load on Platform at full lift |
Kg |
2000 |
200 |
|
PLATFORM SIZE |
|
|
|
|
Length |
Metre |
5.00 |
0.70 |
|
Width |
Metre |
3.00 |
0.40 |
|
STAGES |
No. |
5 |
1 |
|
CONTROL = Dual (at ground control/ truck chassis and on platform) |
|||
|
PRIME MOVER = Electric Motor / I.C. Engine/ Power Take-off Unit of Truck |
|||
Hydraulic Truck Unloader
It having unloading
capacity of 30 Ton to 100 Ton including weight of Truck. The angle of tilt is
55 (which is sufficient for unloading most of bulk material). The frame is
steel fabricated with anti-skid steel chequered plate welded on top of the
frame, tilting arrangement is powered by 2 heavy duty Hydraulic Cylinders. The
retractable back stoppers and hooking arrangement for safety of operation is
actuated by Hydraulic Cylinders having Hydro-Electric interlocking system. The
Hydraulic Power Pack is most optimally designed, fitted with internationally
reputed hydraulic and electrical components.
|
TECHNICAL DETAILS |
Model 40 Ton |
Model 50 Ton |
Model 60 Ton |
|
Platform Size
(mm) |
8480 x 3200 |
8480 x 3200 |
8550 x 3200 |
|
Tilting Angle |
55 Deg. |
55o |
55 Deg. |
|
Pump Capacity |
43 Lpm |
43 lpm |
54 Lpm |
|
Tank Capacity |
100 Litres |
200 Litres |
200 Litres |
|
Motor KW, RPM |
15 KW, 1440 RPM |
18.5 KW, 1440 RPM |
22 KW, 1440 RPM |
|
Operating
Pressure |
150 Bar |
120 BAR |
120 BAR |
|
Hydraulic Oil |
Servo-68/Hydral-68 |
Servo-68/Hydral-68 |
Servo-68/Hydral-68 |
|
Oil Cooler |
400 x 1020 |
400 x 1020 |
400 x 1020 |
|
1) The system
with 60o tilt angle for extra sticky material is available on request.
|
|||
Hydraulic Grabs
JEHEL Hydraulic Grabs can be mounted either on EOT Cranes or on Hydraulic Mobile/Stationary Crane. JEHEL Hydraulic Grabs reduce maintenance, power consumption, downtime and operational time. The whole system is very compact and light and user's friendly.
Hydraulic Road Roller
The VIBROLL 'JPR 120 H' is an all purpose
compactor offering an ideal combination of compact size dead weight and maneuverability.
'VIBROLL JPR 120H' is clear sided and the two box design with hydraulic
articulation provides excellent traction & steering. The C.G. prevents
accidental damages. The operator is seated comfortably at level from which he
has clear view of all sides.
|
APPLICATION |
|||
|
Wearing Course |
Surface Course |
Binder Course |
Base Course |
|
Sub Base Course |
Filter Course |
Sub Grade |
Factories |
|
Housing Colonies |
CANALS / DAMS |
Trench Reinstatement |
Widening of the Road |
Clients
The list of customers include reputed Sugar, Cement, Glass Factories, Paper
Mills, who are engaged in handling non-sticky bulk material and various
Construction companies, Municipalities, Notified Area Authorities, who are
engaged in road construction and material handling. Client list includes:-
The organizational
strength methodology is perfectly matched and interwoven with quality control
at every stage. They have standard Quality Control Equipment at our factories,
however, chemical tests, radiographic tests and ultrasonic tests, as and when
required, are done from reputed external organization Quality Control and
inspection is carried out at the time of purchase of raw materials and is a
continuous process until the product is finally despatched. This is also
controlled and monitored as per ISO 9001 - 2000.
Facilities
The AutoCAD facilities
manned by qualified and experienced Engineer. Almost all designs presently are
done in Auto CAD 2000. They have a stable and adequate financial base. Raw
material is conveniently available to us through our parent company dealing in
special steels, Steel Forgings and Rolling Mill.
Networking
They have very well qualified and effective Top, Middle and Junior
Management personnel infrastructural facilities, total covered area 20,000
sq.ft. These are located within easy reach of Sales and Registered Offices.
They have adequate information network to co-ordinate between Factories, Sales
Office and Registered Office to attend emergency situations promptly.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.41.96 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.65.82 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
45 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|