1. Summary Information
|
|
|
Country |
India |
|
Company Name |
JASP Engineering
and Construction Company Private Limited |
Principal Name 1 |
Mr. Karlapalem Pattabhi Ram |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vipin Dogra |
|
|
|
Registration # |
55-176741 |
|
Street Address |
206, 2nd
Floor, Uday Park Building, 16-A Uday Park, New Delhi – 110049, India |
||
|
Established Date |
15.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-11-41740104 |
Business Style 1 |
Dealer |
|
Fax # |
91-11-46041595 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
High Voltage Power Cable |
|
|
# of employees |
Not Available |
Product Name 2 |
Motors |
|
Paid up capital |
Rs.2,625,000/- |
Product Name 3 |
Transformers |
|
Shareholders |
Bodies corporate -4.76%, Directors or relatives of
directors- 95.24% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
NO |
Business Period |
3 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,529,000 |
Current Liabilities |
4,107,000 |
|
Inventories |
0,000,000 |
Long-term Liabilities |
482,000 |
|
Fixed Assets |
1,061,000 |
Other Liabilities |
1,527,000 |
|
Deferred Assets |
14,000 |
Total Liabilities |
6,116,000 |
|
Invest& other Assets |
8,731,000 |
Retained Earnings |
6,594,000 |
|
|
|
Net Worth |
9,219,000 |
|
Total Assets |
15,335,000 |
Total Liab. & Equity |
15,335,000 |
|
Total Assets (Previous Year) |
10,099,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA INFORM
REPORT
|
Report Date : |
25.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
JASP ENGINEERING AND CONSTRUCTION COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
206, 2nd Floor, Uday Park Building, 16-A Uday Park, New
Delhi – 110049 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
15.04.2008 |
|
|
|
|
Com. Reg. No.: |
55-176741 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.625
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200DL2008PTC176741 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ07116E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ9918J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealer of Valves, High Voltage Power Cable, Motors, Power
Transformers etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 37000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Clear |
|
|
|
|
Litigation : |
Usually Correct |
|
|
|
|
Comments : |
Subject is a relatively new company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Profit and Loss of the company is not available. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
206, 2nd Floor, Uday Park Building, 16-A Uday Park, New
Delhi – 110049, India |
|
Tel. No.: |
91-11-41740104 |
|
Mobile No.: |
91-9810375378 (Mr. Vipin Dodra) 91-9810979609 (Mr. K. Pattabhi Ram) |
|
Fax No.: |
91-11-46041595 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Karlapalem Pattabhi Ram |
|
Designation : |
Director |
|
Address : |
C-7/190, S. D. Area, New Delhi – 110016, India |
|
Date of Birth/Age : |
18.03.1960 |
|
Date of Appointment : |
15.04.2008 |
|
|
|
|
Name : |
Mr. Vipin Dogra |
|
Designation : |
Director |
|
Address : |
F-218, Parsvnath Prestige, Sector 93-A, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
12.10.1971 |
|
Date of Appointment : |
15.04.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Karlapalem Pattabhi Ram |
|
125000 |
|
Vipin Dogra |
|
125000 |
|
Falcon Jersey Private Limited, India |
|
12500 |
|
|
|
|
|
Total |
|
262500 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
4.76 |
|
Directors or relatives of directors |
|
95.24 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Valves, High Voltage Power Cable, Motors, Power Transformers
etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
· HDFC Bank |
||||||||||||||||||
|
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|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nayyar Maniar and Associates Chartered Accountant |
|
Address : |
B-9, LGF, Green Park (Main), New Delhi – 110016, India |
|
Tel No.: |
91-11-46021550-52 |
|
Email : |
|
|
Website: |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Share |
Rs.10/- each |
Rs.8.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
262500 |
Equity Share |
Rs.10/- each |
Rs.2.625
Millions |
|
|
|
|
|
NOTE:
Of the above 125000 Equity shares of Rs.10/-
each are held by Mr. K P Ram, 125000 Equity Shares are held by Mr. Vipin Dogra
and 12,500 Shares of Rs.10/- each are held by Falcon Jersey Private Limited
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.625 |
2.625 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
6.594 |
3.307 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
9.219 |
5.932 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.482 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.482 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.701 |
5.946 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.061 |
1.388 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
8.731 |
5.944 |
|
|
DEFERREX TAX ASSETS |
|
0.014 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
1.178 |
0.374 |
|
|
Cash & Bank Balances |
|
1.069 |
0.114 |
|
|
Other Current Assets |
|
2.053 |
0.587 |
|
|
Loans & Advances |
|
1.229 |
1.692 |
|
Total
Current Assets |
|
5.529 |
2.767 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1.594 |
1.085 |
|
|
Other Current Liabilities |
|
2.513 |
1.763 |
|
|
Provisions |
|
1.527 |
1.305 |
|
Total
Current Liabilities |
|
5.634 |
4.153 |
|
|
Net Current Assets |
|
(0.105) |
(1.386) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.701 |
5.946 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.66 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.98 |
0.67 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered Office of the company has been shifted from 16-A Uday
Park, Uday Plaza, 105, 1st Floor, New Delhi – 110049, India, to the
present address w.e.f. 15.05.2010.
FIXED ASSETS:
· Computers
· Office Equipments
· Vehicles
WEBSITE DETAILS:
PROFILE:
Subject
started from the humble beginning in year 2002 in the form of a small
consultancy and liaisoning firm providing services to foreign companies in the
field of Power, Rail and Metro, Petrochemical and Refinery sectors.
Subject is
brainchild of its current President and CEO.
They happened to be working in the same field and were disillusioned with the
current state of the company and the way there company was handling its clients
and projects; the attitude of taking it for granted. They visualized a company
with wider horizons and passion to perform on a truly competitive and global
scene.
Subject is a
youthful, effervescent, emergent company having interests in Civil, Electrical
and Mechanical works for Trunkey Projects. We also specialize in providing
liaison, business development, marketing and administrative support for foreign
Principle in field of Petrochemical and Refineries, Metro and Rail Projects,
Power Plants (both Hydro and Thermal), Power Transmission and Distribution etc.
They have a good network and liaison across India and have
been key partner in many turnkey projects in these sectors.
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 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.44.38 |
|
|
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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 |
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.