MIRA
INFORM REPORT
|
Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
JNR MANAGEMENT RESOURCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
327, Ansal Chambers – II, 6 Bhikaji Cama Place, New Delhi – 110066 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.04.2003 |
|
|
|
|
Com. Reg. No.: |
55-119938 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.106 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2003PTC119938 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ07442B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ3699J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
To carry on the business of Management Consultancy and Consultancy for
all Legal, Financial, Accounting and Technical Matters. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 16000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
327, Ansal Chambers – II, 6 Bhikaji Cama Place, New Delhi – 110066,
India |
|
Tel. No.: |
91-11-26187385/ 26187635 |
|
Mobile No.: |
91-9811030121 (Mr. Prashant Jain) 91-9818221255 (Mr. Parvesh Chugh) |
|
Fax No.: |
91-11-26187385/ 26187635 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Pardeep Raikhy |
|
Designation : |
Director |
|
Address : |
A-5, Shivam Apartment, Block – D, Vikaspuri, New Delhi – 110018, India
|
|
Date of Birth/Age : |
12.12.1958 |
|
Date of Appointment : |
21.04.2003 |
|
DIN No.: |
00030067 |
|
|
|
|
Name : |
Mr. Prashant Jain |
|
Designation : |
Director |
|
Address : |
A-119, Ashoka Enclave, Part – II, Sector – 37, Faridabad – 121003, Haryana,
India |
|
Date of Birth/Age : |
12.06.1967 |
|
Date of Appointment : |
21.04.2003 |
|
DIN No.: |
00983685 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pardeep Raikhy |
|
5300 |
|
Prashant Jain |
|
5300 |
|
|
|
|
|
Total |
|
10600 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of Management Consultancy and Consultancy for
all Legal, Financial, Accounting and Technical Matters. |
GENERAL INFORMATION
|
Customers : |
·
Ranbaxy Laboratories Limited · Oriental Bank of Commerce · Bharti Airtel Limited · Birlasoft Limited – Multiple Domains · Osram · Bharat Shell Limited · PVR Cinemas · Satyam Cineplexes · LeasePlan India Limited – Multiple Domains · Jindal Steel Group · Hero Group · Metro Group · LG Electronics Group · Taj Hotels Group · DCM Shriram Group · Dabur Group · BHEL ·
India Oil Corporation Limited |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Vijay K and Company Chartered Accountant |
|
Address : |
106, 1st Floor, G-83, Laxmi Nagar, New Delhi – 110092,
India |
|
Tel No.: |
91-11-43021889/ 800 |
|
Fax No.: |
91-11-43021889 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Share |
Rs.10/- each |
Rs.0.250 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10600 |
Equity Share |
Rs.10/- each |
Rs.0.106
Million |
|
|
|
|
|
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 |
0.106 |
0.106 |
0.100 |
|
|
2] Share Application Money |
0.030 |
0.030 |
0.630 |
|
|
3] Reserves & Surplus |
3.827 |
2.331 |
1.092 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.963 |
2.467 |
1.822 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.064 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.064 |
|
|
DEFERRED TAX LIABILITIES |
0.028 |
0.016 |
0.011 |
|
|
|
|
|
|
|
|
TOTAL |
3.991 |
2.483 |
1.897 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.104 |
0.270 |
0.387 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.394
|
0.500 |
0.678 |
|
|
Sundry Debtors |
2.398
|
1.106 |
0.278 |
|
|
Cash & Bank Balances |
0.667
|
0.345 |
0.663 |
|
|
Other Current Assets |
0.084
|
0.078 |
0.062 |
|
|
Loans & Advances |
1.383
|
1.417 |
0.927 |
|
Total
Current Assets |
6.926
|
3.446 |
2.608 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.284
|
0.002 |
0.108 |
|
|
Other Current Liabilities |
0.439
|
0.192 |
0.283 |
|
|
Provisions |
1.321
|
1.045 |
0.715 |
|
Total
Current Liabilities |
3.044
|
1.239 |
1.106 |
|
|
Net Current Assets |
3.882
|
2.207 |
1.502 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.005 |
0.006 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
3.991 |
2.483 |
1.897 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23.747 |
15.483 |
9.855 |
|
|
|
Other Income |
0.026 |
0.027 |
0.124 |
|
|
|
TOTAL (A) |
23.773 |
15.510 |
9.979 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
18.368 |
11.604 |
7.162 |
|
|
|
Establishment Expenses |
2.388 |
2.010 |
1.361 |
|
|
|
Administrative Expenses |
0.783 |
0.711 |
0.632 |
|
|
|
Selling Expenses |
0.034 |
0.057 |
0.000 |
|
|
|
Audit Fees |
0.020 |
0.019 |
0.017 |
|
|
|
Preliminary Expenditure Written off |
0.002 |
0.002 |
0.002 |
|
|
|
TOTAL (B) |
21.595 |
14.403 |
9.174 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.178 |
1.107 |
0.805 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.010 |
0.010 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.168 |
1.097 |
0.797 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.040 |
0.116 |
0.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.128 |
0.981 |
0.621 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.633 |
0.336 |
0.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.495 |
0.645 |
0.328 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.737 |
1.092 |
0.764 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.232 |
1.737 |
1.092 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
141.04 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.29
|
4.16 |
3.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.96
|
6.34 |
6.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.27
|
26.40 |
20.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54
|
0.40 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.77
|
0.50 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.28
|
2.78 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS
· Generator
· Air Conditioner
· Computers
· Car
WEBSITE DETAILS:
PROFILE:
Subject was formed in
March 2003 with the objectives of providing quality consultancy services,
helping clients make major strategic decisions and implement improvements to
business operations, resulting in their achievement of exceptional business
performance. Professional team at company has experience in fields of
engineering, technical, finance and legal consultancy.
Business Location and Co-ordinates
Company has fully furnished business premises in one of the prestigious
commercial hubs at New Delhi, with infrastructure investment of over INR 3.50
million. Subject is the highest selling and the biggest partner of Sify
Communications Limited (formerly known as Safescrypt Limited 100% subsidiary of
SIFY) in Northern India.
Business activity
JNRMR offers customized solutions to its business associates, with following
strategic business units:
1. Providing legal, financial and crisis management solutions.
2. Providing Digital Signature Certificates.
3. Security solutions for e-bizz and e-com transactions.
BOARD OF DIRECTORS
Mr. Pradeep Raikhy
Fellow member of the Institute of Chartered Accountants of India.
Partner in RPRP and Associates Chartered Accountants.
Auditor for ISO 9001:2000.
Over 25 years of experience in industry which includes financial and management
consultancy, fund raising, auditing, joint venture tie-ups etc.
Extensive knowledge relating to Company law matters, Board of Industrial and
Financial Reconstruction (BIFR) and Debt Recovery Tribunal (DRT)
PROMOTER OF COMPANY
Mr. Prashant Jain
Fellow member of the Institute of Chartered Accountants of India.
Partner in RPRP and Associates Chartered Accountants.
Driver of JNRMR through his aptitude and skills.
More than 20 years of experience in audit, direct and indirect taxation and
management consultancy
Experience in internal inspections, revenue audit and statutory audits of banks
and asset recovery management branches
Export-Import Consultancy.
Promoter of JNR Management Resources Private Limited
Company’s Competitive business strategy
Focused, flexible and competitive company.
Adherence to best quality standards.
Multi-disciplinary teams with excellent knowledge/ skill base.
Global alliances / contacts
High growth area.
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 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.46.18 |
|
|
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
33 |
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.