Business
information report
1. Summary Information
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|
|
Country |
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Company Name |
JABALPUR ENTERPRISES PRIVATE LIMITED |
Principal Name 1 |
Mr. Mohanlal Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Benu Agarwal |
|
|
|
Registration # |
22917 |
|
Street Address |
Naagal House, 1285 |
||
|
Established Date |
05.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-761-2410097 |
Business Style 1 |
Distributors of Electronic Products |
|
Fax # |
91-761-4072121 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Electrical Goods |
|
# of employees |
100 |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
11,557,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or relatives of
directors-94.80% |
Banking |
Axis Bank Limited, |
|
Public Limited Corp. |
-- |
Business Period |
15 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (43) |
|
Related
Company |
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|
Relation
|
Country
|
Company
Name |
CEO |
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|
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Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
142,334,000 |
Current Liabilities |
27,678,000 |
|
Inventories |
31,977,000 |
Long-term Liabilities |
113,708,000 |
|
Fixed Assets |
10,792,000 |
Other Liabilities |
-- |
|
Deferred Assets |
410,000 |
Total Liabilities |
141,386,000 |
|
Invest& other Assets |
26,000 |
Retained Earnings |
32,596,000 |
|
|
|
Net Worth |
44,153,000 |
|
Total Assets |
185,539,000 |
Total Liab. & Equity |
185,539,000 |
|
Total Assets (Previous Year) |
188,781,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
689,697,000 |
Net Profit |
2,674,000 |
|
Sales(Previous yr) |
539,298,000 |
Net Profit(Prev.yr) |
2,070,000 |
MIRA INFORM
REPORT
|
Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
JABALPUR ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
Naagal House, 1285 |
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Country : |
|
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
05.07.1995 |
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|
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Com. Reg. No.: |
022917 |
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|
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CIN No.: [Company
Identification No.] |
U74899MP1995PTC022917 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Distributors of Electronic Products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 176612 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and a reputed company having
satisfactory track. Trade relations are reported as fair. Business is active.
Payment of the company is reported as regular and as per commitments. The company 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 – 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 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. R. C. Khare |
|
Designation : |
Accounts |
LOCATIONS
|
Registered Office : |
Naagal House, 1285 |
|
Tel. No.: |
91-761-2410097 |
|
Mobile No.: |
91-9425155688 (Mr. Mohan Agarwal) |
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Fax No.: |
91-761-4072121 |
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E-Mail : |
|
|
Area : |
15000 sq. ft |
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Location : |
Owned |
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|
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Head Office : |
M-65, Lajpat Nagar II, New Delhi-110019, |
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E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Mohanlal Agarwal |
|
Designation : |
Director |
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Address: |
1285, |
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Date of Birth/Age : |
18.01.1955 |
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Date of Appointment : |
01.04.2008 |
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Name : |
Mr. Lakhan Lal Agarwal |
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Designation : |
Director |
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Address: |
C-6, Anumit Enclave, |
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Date of Birth/Age : |
20.06.1954 |
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Date of Appointment : |
04.07.2003 |
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Name : |
Mrs. Benu Agarwal |
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Designation : |
Director |
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Address: |
C-6, Anumit Enclave, |
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Date of Birth/Age : |
23.09.1968 |
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Date of Appointment : |
01.04.2008 |
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Name : |
Mrs. Shalini Agarwal |
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Designation : |
Director |
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Address: |
H I G – 3, Sangram Colony, Satna,
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Date of Birth/Age : |
04.01.1973 |
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Date of Appointment : |
01.04.2008 |
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Name : |
Mr. Abhishek Agarwal |
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Designation : |
Director |
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Date of Birth/Age : |
02.01.1980 |
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Date of Appointment : |
04.07.2003 |
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Name : |
Mr. Amit Kumar Agarwal |
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Designation : |
Director |
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Date of Birth/Age : |
24.01.1982 |
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Date of Appointment : |
19.04.2004 |
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Name : |
Mr. Pradeep Kumar Agarwal |
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Designation : |
Director |
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Date of Birth/Age : |
29.11.1968 |
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Date of Appointment : |
04.07.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Lakhan Lal Agarwal |
262980 |
|
Mohanlal Agarwal |
262980 |
|
Abhishek Agarwal |
43830 |
|
Benu Agarwal |
262980 |
|
Shalini Agarwal |
262980 |
|
Naagal Garment Industries Private Limited, Madhya Pradesh |
6000 |
|
Total |
1101750 |
AS ON 30.09.2010
|
Equity Share Breakup
|
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
5.20 |
|
Directors or relatives of directors |
|
94.80 |
|
Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Distributors of Electronic Products |
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|
|
|
Products : |
Electrical Goods |
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|
|
|
Agencies Held : |
·
LG Electrics India Private Limited ·
Philips India Limited ·
Sony India Private Limited ·
Videocon Industries Limited |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
50 |
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Bankers : |
Axis Bank Limited, 124 Napier Town, |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Naveen Jain and Company Chartered Accountant |
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Address : |
G-73, 2nd Floor, Lajpat Nagar I, New Delhi-110024, |
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|
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Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10 /- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1155750 |
Equity Shares |
Rs.10 /-
each |
Rs.11.557
millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
11.557 |
11.132 |
10.227 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
32.596 |
21.734 |
9.764 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
44.153 |
32.866 |
19.991 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.153 |
51.895 |
5.950 |
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2] Unsecured Loans |
66.555 |
59.983 |
0.000 |
|
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TOTAL BORROWING |
113.708 |
111.878 |
5.950 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
157.861 |
144.744 |
25.941 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
10.792 |
11.810 |
0.492 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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INVESTMENT |
0.000 |
0.002 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.410 |
0.053 |
0.049 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
31.977
|
41.463
|
10.405 |
|
|
Sundry Debtors |
124.166
|
114.723
|
9.103 |
|
|
Cash & Bank Balances |
4.001
|
5.413
|
2.338 |
|
|
Other Current Assets |
7.705
|
1.727
|
1.908 |
|
|
Loans & Advances |
6.462
|
13.525
|
18.277 |
|
Total
Current Assets |
174.311
|
176.851
|
42.031 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.605
|
41.403
|
16.331 |
|
|
Other Current Liabilities |
2.631
|
1.336
|
0.071 |
|
|
Provisions |
1.442
|
1.298
|
0.312 |
|
Total
Current Liabilities |
27.678
|
44.037
|
16.714 |
|
|
Net Current Assets |
146.633
|
132.814
|
25.317 |
|
|
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|
|
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MISCELLANEOUS EXPENSES |
0.026 |
0.065 |
0.083 |
|
|
|
|
|
|
|
|
TOTAL |
157.861 |
144.744 |
25.941 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
539.298 |
46.928 |
|
|
|
Other Income |
|
83.415 |
18.626 |
|
|
|
TOTAL |
689.697 |
622.713 |
65.554 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
685.763 |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.934 |
3.364 |
0.892 |
|
|
|
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|
|
|
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Less |
TAX |
1.260 |
1.294 |
0.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.674 |
2.070 |
0.583 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.39
|
0.33
|
0.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.62
|
1.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.13
|
1.78
|
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.10
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.20
|
4.74
|
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.30
|
4.01
|
2.51 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Jabalpur Warehouse which was established on 1992 was merged with
Jabalpur Enterprises Private Limited in 1st April 2008 and Jabalpur
Enterprises was established in 1995.
CHANGE OF ADDRESS
NOTE:
The registered office of the company has been shifted from M-65, Lajpat
Nagar II,
FORM 8:
|
Corporate
identity number of the company |
U74899DL1995PTC070511 |
|
Name of the
company |
JABALPUR ENTERPRISES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
M-65, Lajpat Nagar II, New Delhi-110019, |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property |
|
Particular of
charge holder |
Axis Bank
Limited, Address: 124
Napier Town, Email : jabalpur.branchhead@axisbank.com
|
|
Nature of
instrument creating charge |
Composite
hypothecation deed dated 26.06.2008 hypothecating the entire current seets of
the company viz. raw material, work in progress, finished goods, packing
material and book debts and hypothecation of movable fixed assets, present
and future. |
|
Date of
instrument Creating the charge |
26.06.2008 |
|
Amount secured by
the charge |
Rs. 35.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest BPLR 2.75% I E, 12.50% P A
Chargeable monthly Terms of
repayment On demand Margin 30% on stock and
40% on book debts Stock older than
six month and book debts older than 90days shall not be considered for
drawing power. Drawing against
book debts to restricted to Rs. 20.000 millions Extent and operation
of the charge 100% Others Processing fees
@ 0.375% plus service tax on existing portion of limits to
the extent of RS. 26.000 millions and 0.75% plus taxes on the enhanced
portion of limits of Rs. 9.000 millions. Insurance comprehensive insurance
covering the stocks and properties offered as security with standard bank
clause to be obtained. |
|
Short particulars
of the property charged (Including location of the property) |
Entire current asset
of the firm including raw material, work in progress, finished goods, packing
material and book debts (present and future)and entire movable assets of the
company situated at jabalpur, Mumbai and Anywhere lese. |
Trade Reference:
·
Mehta Electronics,
·
Maheshwari Sales,
·
Mr. Kailash Basantani C/o Prakash Sales
Corporation,
·
Mr. Anish Shah C/o Lotus Electrical,
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.44.57 |
|
|
1 |
Rs.73.58 |
|
Euro |
1 |
Rs.66.23 |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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 |
|
- |
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.