MIRA
INFORM REPORT
|
Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
JAIKARAN INDIA PRIVATE LIMITED |
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|
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Registered
Office : |
No. E-14, prashant
Vihar, Rohini, New Delhi – 110 085 |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
09.09.1992 |
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Com. Reg. No.: |
55-50255 |
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Capital Investment
/ Paid-up Capital : |
Rs. 7.000 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1992PLC050255 |
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|
Legal Form : |
A Closely held Public Limited Liability Company. |
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Line of Business
: |
Manufacture of Toothpaste and Herbal Products. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USB 31000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track .Profitability
of the company appears to be low. However, trade relations are fair. Business
is active. Payments are slow but correct. The company can be considered for business dealings with some cautions |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Anuj |
|
Designation : |
Director |
|
Contact No.: |
91-9311113668 |
|
Date : |
12.05.2011 |
LOCATIONS
|
Registered Office : |
No. E-14, prashant
Vihar, Rohini, New Delhi – 110 085, India |
|
Tel. No.: |
91-11-27568044 / 27867778 |
|
Mobile No: |
91-9311113668 (Mr.Anuj) |
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Fax No.: |
91-11-27552780 |
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E-Mail : |
anuj@jaikaran.com gskohli_co@yahoo.co.in |
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Website : |
www.jaikaran.com |
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Location : |
Owned |
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|
|
|
Factory : |
Plot No. 337, |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr, Anuj JaiKaran |
|
Designation : |
Director |
|
Address : |
E-14, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
14.01.1979 |
|
Date of Appointment : |
01.01.1997 |
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DIN No : |
01161724 |
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|
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|
Name : |
Mrs. Reena Jai Karan |
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Designation : |
Director |
|
Address : |
E-14, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
24.12.1981 |
|
Date of Appointment : |
08.05.2007 |
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DIN No : |
01852942 |
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|
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|
Name : |
Mrs. Geeta Goyal |
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Designation : |
Director |
|
Address : |
E-14, Prashant Vihar, New Delhi – 110085, India |
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Date of Birth/Age : |
07.06.1948 |
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Date of Appointment : |
25.08.2008 |
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DIN No : |
01852953 |
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|
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|
Name : |
Jai Karan Goel |
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Designation : |
Director |
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Address : |
E-14, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
15.01.1949 |
|
Date of Appointment : |
09.09.1992 |
|
Date of Ceasing |
15.11.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Jaikaran Goel |
269900 |
|
Geeta Goel |
2100 |
|
Kamal Bansal |
1000 |
|
Airiju Jaikaran |
99000 |
|
Anuj Jailaran |
165600 |
|
Rajesh Bansal |
1000 |
|
Reena Jaikaran |
4000 |
|
Reema Goel |
3500 |
|
Vijay Goel |
50000 |
|
Bimla Goel |
22400 |
|
Bramhanand Shukla |
50000 |
AS ON :30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Toothpaste and Herbal Products. |
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Products : |
·
Gel Toothpaste ·
White Toothpaste ·
Herbal Toothpaste ·
Medicated Toothpaste ·
Clear Gel Toothpaste ·
Mint Toothpaste ·
Kids Toothpaste ·
Sensitive Care Toothpaste |
|
Terms : |
|
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Purchasing : |
Advance Payment |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
OEM’s |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
Punjab National Bank, Kundli, Sonipat, Haryana – 131001, India |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
G.S. Kohli and Company Chartered Accountant |
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Address : |
A.R.A. Centre, E-2, Jhandewalan Extension, New Delhi – 110055, India |
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Tel. No.: |
91-11-236156 48/25798484/22728386 |
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Fax No.: |
91-11-23615646 |
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E-Mail : |
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PAN No: |
AAAFG2817K
|
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700,000 |
Equity Shares |
Rs.10 each |
7.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10 each |
7.000
Millions |
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 |
7.000 |
6.300 |
5.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.930 |
|
|
3] Reserves & Surplus |
0.686 |
0.503 |
0.476 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.686 |
6.803 |
7.306 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.081 |
3.861 |
2.842 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2.081 |
3.861 |
2.842 |
|
|
DEFERRED TAX LIABILITIES |
0.242 |
0.211 |
0.233 |
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|
|
|
|
|
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TOTAL |
10.009 |
10.875 |
10.381 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.082 |
5.418 |
5.553 |
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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 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.557
|
6.406 |
2.954 |
|
|
Sundry Debtors |
0.232
|
0.293 |
0.421 |
|
|
Cash & Bank Balances |
0.090
|
0.508 |
0.135 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.109
|
0.077 |
0.057 |
|
Total
Current Assets |
4.988
|
7.284 |
3.567 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
0.557
|
2.873 |
0.073 |
|
|
Provisions |
0.049
|
0.044 |
0.300 |
|
Total
Current Liabilities |
0.606
|
2.917 |
0.373 |
|
|
Net Current Assets |
4.382
|
4.367 |
3.194 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.545 |
1.090 |
1.634 |
|
|
|
|
|
|
|
|
TOTAL |
10.009 |
10.875 |
10.381 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
|
|
|
|
|
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|
Sale Manufacturing |
12.530 (Turnover) |
7.937 |
5.534 |
|
|
|
Manufacturing Exports |
|
1.152 |
0.000 |
|
|
|
Sales Trading |
|
3.469 |
0.000 |
|
|
|
Trading Export |
NA |
1.146 |
0.000 |
|
|
|
Other Income |
|
0.001
|
0.001 |
|
|
|
TOTAL (A) |
|
13 .705 |
5.535
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Good Sold |
|
9.149 |
3.016 |
|
|
|
Factory Expenses |
|
0.164 |
0.010 |
|
|
|
Printing and Stationery |
|
0.003 |
0.003 |
|
|
|
Bank Charges |
|
0.044 |
0.014 |
|
|
|
Electricity and Water Expenses |
|
0.164 |
0.121 |
|
|
|
Postage and Telephone |
|
0.079 |
0.067 |
|
|
|
Freight and Cartage |
|
0.176 |
0.060 |
|
|
|
Advisement/Publicity |
|
1.147 |
0.545 |
|
|
|
Director’s Remuneration |
|
0.399 |
0.180 |
|
|
|
Salaries and Wages |
|
0.853 |
0.221 |
|
|
|
Machinery Repair and Maintenance |
|
0.072 |
0.014 |
|
|
|
Exhibition Expenses |
|
0.000 |
0.020 |
|
|
|
Legal and Professional Charges |
|
0.011 |
0.000 |
|
|
|
Computer Repairs and Maintenance |
|
0.015 |
0.031 |
|
|
|
Research and Development Expenses |
NA |
0.000 |
0.004 |
|
|
|
Fees and Subscription |
|
0.026 |
0.007 |
|
|
|
Commission/Discount |
|
0.006 |
0.023 |
|
|
|
Auditor Fee |
|
0.014 |
0.011 |
|
|
|
Insurance |
|
0.026 |
0.014 |
|
|
|
Short & Excess |
|
0.000 |
0.002 |
|
|
|
Rent Account |
|
0.180 |
0.108 |
|
|
|
Bank Interest |
|
0.400 |
0.266 |
|
|
|
Office Expenses |
|
0.007 |
0.008 |
|
|
|
Sales Tax Demand |
|
0.024 |
0.054 |
|
|
|
Interest on T/L Account |
|
0.101 |
0.184 |
|
|
|
ESI Account |
|
0.015 |
0.000 |
|
|
|
Difference in Exchange Rate |
|
0.027 |
0.000 |
|
|
|
Tours and Travelling |
|
0.026 |
0.018 |
|
|
|
Web Promotion Expenses |
|
0.055 |
0.062 |
|
|
|
TOTAL |
|
13.183 |
5.063 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
0.522 |
0.472 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
0.522 |
0.472 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.473 |
0.451 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
0.264 |
0.049 |
0.021 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.022 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
NA |
0.027 |
0.032 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
0.03 |
0.04 |
|
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
15.000 |
12.000 |
13.000 |
The above information has been parted by Mr Anuj (Director).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
0.19 |
0.578 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.106
|
0.35 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.62
|
0.38 |
0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34
|
0.99 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.23
|
2.49 |
9.56 |
LOCAL AGENCY FURTHER INFORMATION
working results:-
During the year ending 31st March, 2010 company had a turnover of Rs. 12.530 millions as against the turnover of Rs. 13.704 millions in the previous year. After meeting the various office and administrative expenses and depreciation company made a profit of Rs.0.264 million as against the profit of Rs. 0.049 million in the previous year. The Directors hope for better result in the next year.
Trade Reference:
·
Sahara India
form 8:-
|
Corporate
identity number of the company |
U74899DL1992PLC050255 |
||||||
|
Name of the
company |
JAIKARAN INDIA LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
No. E-14, prashant
Vihar, Rohini, |
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
· Immovable property · Book debts · Others (stock of raw, semi finish and finish goods) |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
· Hypothecation of movable assets forming part of fixed / block assets · Hypothecation of goods and book debts to secured cash credit facility agreement |
||||||
|
Date of
instrument Creating the charge |
24.10.2008 |
||||||
|
Amount secured by
the charge |
Rs. 5.120
millions |
||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Extent and
Operation of charge Till bank issue
satisfaction letter Others: Collateral
Secured by immovable property of company |
||||||
|
Short particulars
of the property charged (Including location of the property) |
· Stock of raw materials, semi finish and finish goods, plant and Maxhi8Nery · Collateral secured on land and building of the company. |
||||||
|
Particulars of
the present modification |
· Cash Credit facility of Rs. 4.000 millions · Term loan of Rs. 1.120 millions |
form 8:-
|
This form is for |
Modification of charge |
||||||
|
Charge
Identification (ID) number of the charge to be modified |
90037240 |
||||||
|
Corporate
identity number of the company |
U74899DL1992PLC050255 |
||||||
|
Name of the
company |
JAIKARAN INDIA LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
No. E-14, prashant
Vihar, Rohini, |
||||||
|
|
|
||||||
|
Type of charge |
· Immovable property · Book debts · Others (stock of raw, semi finish and finish goods) |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of instrument
creating charge |
· Hypothecation of movable assets forming part of fixed / block assets · Hypothecation of goods and book debts to secured cash credit facility agreement |
||||||
|
Date of
instrument Creating the charge |
24.10.2008 |
||||||
|
Amount secured by
the charge |
Rs. 5.120
millions |
||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per Agreement Terms of
repayment:- As per Agreement Margin :- As per Agreement Extent and operation
of the charge Till Bank issue
satisfaction letter. Others: Collateral
Secured by immoveable property of company. |
||||||
|
Short particulars
of the property charged (Including location of the property) |
· Stock of raw materials, semi finish and finish goods, plant and Machinery. · Collateral secured on land and building of the company. |
||||||
|
Particulars of
the present modification |
· Cash Credit facility of Rs. 4.000 millions · Term loan of Rs. 1.120 millions |
Contingent Liabilities :-
All the liabilities have been provided for in
the accounts. Contingent liabilities as on 31.03.2010 is Rs.NIL.
Fixed Assets:
·
Office Equipment
·
Machinery
·
Land at Kundli
·
Building at Kundli
·
Laser Printer
·
Computer
·
Mobile Phone
·
Inverter Battery
·
Water Ring Vacuum Pump
·
Plastic Crates
·
Weighing Machine
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.45.07 |
|
|
1 |
Rs.72.97 |
|
Euro |
1 |
Rs.63.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.