MIRA
INFORM REPORT
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Report Date : |
03.11.2011 |
IDENTIFICATION DETAILS
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Name : |
JUNEJA ASSOCIATES PRIVATE LIMITED |
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Registered
Office : |
23, DS/DC, Phase ll, Scheme ll, Okhla Industrial Complex, New |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.09.1996 |
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Com. Reg. No.: |
55-081911 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.401 Millions |
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CIN No.: [Company Identification
No.] |
U45209DL1996PTC081911 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ02522C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Supplier of Interior and Furniture etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 92000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payment 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. |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
23, DS/DC, Phase ll, Scheme ll, Okhla Industrial Complex, New |
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Tel. No.: |
91-11-40561100/26388100 |
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Fax No.: |
91-11-26388106/26388100 |
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E-Mail : |
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Website : |
DIRECTORS
As on 27.09.2011
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Name : |
Mr. Jayant Juneja |
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Designation : |
Director |
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Address : |
H.No. 403, Sector – 15A, Noida, |
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Date of Birth/Age : |
11.07.1949 |
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Date of Appointment : |
13.09.1996 |
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DIN No.: |
00998712 |
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Other
Directorship:
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Name : |
Mr. Shunil Juneja |
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Designation : |
Director |
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Address : |
J-3, Maharani Bagh, |
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Date of Birth/Age : |
03.07.1956 |
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Date of Appointment : |
13.09.1996 |
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DIN No.: |
00998749 |
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Other
Directorship:
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Name : |
Mr. Rohan Juneja |
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Designation : |
Director |
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Address : |
J-3, Maharani Bagh, |
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Date of Birth/Age : |
01.02.1978 |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
02920014 |
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Other
Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
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Names of Shareholders |
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No. of Shares |
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Jayant Juneja |
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71451 |
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Shunil Juneja |
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68649 |
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TOTAL |
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140100 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Supplier of Interior and Furniture etc. |
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Products: |
Supply of Interior and Furniture, etc |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J P Kapur and Uberai Chartered Accountant |
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Address : |
C-4/5, Lower Ground Floor, Safdarjung Development Area, |
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PAN.: |
AAGFJ0616B |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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140100 |
Equity Shares |
Rs.10/- each |
Rs. 1.401
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.401 |
1.401 |
1.401 |
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2] Share Application Money |
0.199 |
0.199 |
0.199 |
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3] Reserves & Surplus |
21.452 |
17.703 |
23.210 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
23.052 |
19.303 |
24.810 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.203 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.203 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
23.052 |
19.303 |
25.013 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.298 |
5.186 |
6.517 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.582 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
8.299
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7.717 |
15.472 |
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Sundry Debtors |
15.707
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13.161 |
15.673 |
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Cash & Bank Balances |
1.147
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0.830 |
1.383 |
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Other Current Assets |
0.006
|
0.012 |
0.012 |
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Loans & Advances |
10.922
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9.994 |
9.761 |
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Total
Current Assets |
36.081
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31.714 |
42.301 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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9.772 |
12.366 |
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Other Current Liabilities |
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4.631 |
8.373 |
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Provisions |
4.281
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3.194 |
3.066 |
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Total
Current Liabilities |
19.909
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17.597 |
23.805 |
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Net Current Assets |
19.172
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14.117 |
18.496 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
23.052 |
19.303 |
25.012 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Total Turnover |
57.755 |
43.315 |
75.087 |
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PROFIT/LOSS BEFORE TAX |
3.960 |
(5.507) |
2.874 |
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Less |
TAX |
0.211 |
0.000 |
1.007 |
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PROFIT/LOSS AFTER TAX |
3.749 |
(5.507) |
1.867 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16.438 |
21.945 |
20.078 |
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BALANCE CARRIED
TO THE B/S |
20.187 |
16.438 |
21.945 |
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EARNINGS IN FOREIGN
CURRENCY |
0.242 |
0.562 |
0.056 |
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Value of Imports
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0.000 |
0.019 |
0.032 |
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Earnings Per
Share (Rs.) |
23.43 |
(39.31) |
11.67 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
100.00
|
42.02 |
5.89 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.17
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0.80 |
0.12 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.86
|
0.91 |
0.97 |
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Current Ratio (Current Asset/Current Liability) |
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1.81
|
1.80 |
1.78 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULT
The profit and Loss account of the company reveals profit after tax of
Rs. 3.748 Millions as against the previous year loss of Rs. 5.507 Millions.
FIXED ASSETS
TANGIBLE ASSETS
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipment
- Computers
- EPABX
- Vehicles
- Fans
- Fire,
Extinguishers
- Generator
- Electrical
Fittings
- Air Cooler
- Refrigerator
- Air
Conditioner
- Mobile Phone
- Inverts
INTANGIBLE ASSETS
- Websites
WEBSITE DETAIL
Profile
Subjeect is one of
A team of highly qualified Architects, Civil Engineers, Furniture Designers and
Project Coordinators provides the necessary edge required to implement Turnkey
Interiors. This provides the interface between the designer and the hotel
company which is so critical for the efficient completion of large projects.
The company’s involvement in prestigious programmes and exhibitions with the
Crafts Council of India, The Central Cottage Industries Exposition and the
Handicraft Export Council of India has resulted in long standing working
relationships with highly skilled crafts men from all part of
The Company today is a preferred supplier / contractor with most of the leading
Hotel Chains operating in
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.49.08 |
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|
1 |
Rs.78.78 |
|
Euro |
1 |
Rs.67.76 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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 |
|
46 |
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.