MIRA
INFORM REPORT
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Report Date : |
1.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
J A BUILDERS PRIVATE LIMITED |
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Registered Office : |
G.I.-48, G.T Karnal Road, New Delhi – 110 033, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
21.05.1987 |
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Com. Reg. No.: |
55-28050 |
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CIN No.: [Company
Identification No.] |
U74899DL1987PLC028050 |
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Legal Form : |
A closely held Public Limited Liability Company |
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Line of Business : |
Construction Activities |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 38000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Subject has no significant business. No payment are yet available. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
G.I.-48, G.T Karnal Road, New Delhi – 110 033, Delhi, India |
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Tel. No.: |
91-11-27411787 |
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Fax No.: |
91-11-27211283 |
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E-Mail : |
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Location : |
Leased |
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Corporate Office : |
B- 8/154, Sector -3, Rohini, New Delhi – 110 085, Delhi, India |
DIRECTORS
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Name : |
Mrs. Ashwani Minda |
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Designation : |
Director |
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Address : |
A-9, Ashok Vihar, Phase -1, New Delhi – 110 052, Delhi, India |
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Date of Birth/Age : |
14.07.1959 |
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Tel. No.: |
91-11-27131496 |
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Fax No.: |
91-124-2340333 |
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E-Mail : |
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Date of Appointment : |
12.07.2006 |
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Other Companies : |
Director
L5211DL1986PLC025118
Director
U72190DL1986PLC024134
Directo U74899DL1998PLC094894
Director
U74899DL1995PLC071138
Director
U27102OR2003PLC007293
Director U34300DL2005PLC139206
Director
U74899DL1995PTC068910 |
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Other Partnership Firm : |
Modern Engg. Works GI-48, G.T. Karnal Road, Industrial Area, New Delhi – 110 033, Delhi,
India |
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Sole Proprietory Firm : |
Jaycon Engineers Plot No. 57, SICOP Industrial Estate, Kathu – 184102, Jammu and
Kashmir, India |
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Name : |
Mrs. Gori Shankar Gupta |
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Designation : |
Director |
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Address : |
560 HB Colony, Sector – 17, Gurgoan, Haryana – 122 001, Punjab, India |
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Date of Birth/Age : |
15.06.1947 |
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Date of Appointment : |
28.08.1987 |
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Name : |
Mr. Vinod Garg |
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Designation : |
Director |
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Address : |
Flat No. 31, Pocket D 6, Sector 6, New Delhi – 110 085, Delhi, India |
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Date of Birth/Age : |
22.06.1961 |
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Date of Appointment : |
15.03.1995 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As On 30.09.2006)
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Names of Shareholders |
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No. of Shares |
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Mr .Rajinder Khajanchi |
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10 |
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Mrs. Gori Shankar Gupta |
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560 |
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Mr. Purshotamlal Garg |
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200 |
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Mr. Harish Wadhwa |
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350 |
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Mr. Vinay Kumar Goyal |
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300 |
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Mr. Rajesh Kumar |
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400 |
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Mrs. Kavita Goel |
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350 |
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Mr. Vijay Kumar Aggarwal |
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400 |
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Mr. Inderjit Maggon |
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300 |
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Mr. Brij Bhushan |
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250 |
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Mr. Anil Kumar Verma |
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450 |
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Mr. Kailash Chand Srivastava |
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350 |
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Mr. Ajay Chawla |
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250 |
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Mr. Sunil Sachdeva |
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250 |
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Mr. Inder Dev |
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150 |
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Mr. Mohinder Srivastava |
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200 |
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Mdediamind Graphic Arts Private Limited |
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2000 |
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Legand Impex Private Limited |
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2500 |
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Sumesh Traders Private Limited |
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2500 |
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Supream Realator Private Limited |
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2500 |
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Davesh Securities Private Limited |
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2000 |
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Swell Exports Private Limited |
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5500 |
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Saurabh Surbhi Private Limited |
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8000 |
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Mr. Vinod Garg |
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700 |
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Mr. Ram Kumar |
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3700 |
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Vimka Impex Private Limited |
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2500 |
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Victoria Advertising Private Limited |
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2500 |
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H. V. Traders Private Limited |
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2000 |
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Swell Fabrications and Engg, Private Limited |
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2500 |
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Mrs. Bimla Devi |
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2000 |
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Mr. Phool Singh |
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2000 |
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Mr. Rameshwa Dayal |
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3000 |
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Mr. Ram Kumar Goyal |
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3000 |
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Mr. Dalip Mittal |
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700 |
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Mr. Jai Krishan Gupta |
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1000 |
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Ela Overseas Private Limited |
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5500 |
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Kirtika Overseas Private Limited |
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2000 |
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Shree Vinayak Trading Company Private Limited |
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14750 |
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Total |
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77620 |
Equity Share breakup (percentage of total equity)
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Category |
Percentage |
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Bodies Corporate (not mentioned above) |
73.00 |
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Directors or relatives of directors |
2.00 |
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Other top fifty (50) shareholders (other
than listed above) |
25.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction Activities |
GENERAL
INFORMATION
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Bankers : |
Canara Bank |
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Facilities : |
-- |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
V.C.Gautam and Company Chartered Accountant |
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Address : |
B-3, Kailash Colony, New Delhi – 110 048, Delhi, India |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
(As On 29.09.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
77620 |
Equity Shares |
Rs.100/-
each |
Rs.7.762
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Latest financials are filed by the company.
Management remained non-cooperative during current investigations.
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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7.762 |
7.762 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.390 |
0.311 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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8.152 |
8.073 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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8.152 |
8.073 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.004 |
0.004 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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5.516 |
5.516 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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2.084 |
2.085 |
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Cash & Bank Balances |
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0.289 |
0.218 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.258 |
0.249 |
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Total
Current Assets |
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2.631 |
2.552 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.003 |
0.003 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.003 |
0.003 |
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Net Current Assets |
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2.628 |
2.549 |
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MISCELLANEOUS EXPENSES |
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0.004 |
0.004 |
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TOTAL |
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8.152 |
8.073 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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0.085 |
0.085 |
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Other Income |
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0.002 |
0.000 |
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Total Income |
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0.087 |
0.085 |
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Profit/(Loss) Before Tax |
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0.079 |
0.072 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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0.079 |
0.072 |
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Expenditures : |
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Administrative Expenses |
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0.007 |
0.012 |
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Other Expenditure |
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0.001 |
0.001 |
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Total Expenditure |
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0.008 |
0.013 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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90.80 |
84.70 |
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Net Profit Margin (PBT/Sales) |
(%) |
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92.94 |
84.70 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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2.99 |
2.81 |
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Return on Investment (ROI) (PBT/Networth) |
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0.01 |
0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.00 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
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877.00 |
850.66 |
LOCAL AGENCY
FURTHER INFORMATION
Note: The
registered office of the company has been shifted from B-8, 154 Sector- 3, Rohini,
New Dehli – 110 085, Delhi, India to the present address with effect from
12.07.2006
Business
The company was incorporated with the main
object to undertake Construction activity.
It has not done any business, so far.
Noone is employed.
The company operates from leased premises.
Performance of Company
During the year the company incurred the
expenses of Rs.0.007 Million against the total income receipt of Rs.0.086
Million thus there was a net profit of Rs.0.079 Million
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 records 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.49.25 |
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UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
20 |
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 |
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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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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 |
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