1. Summary Information
|
|
|
Country |
|
|
Company Name |
JAY POLYCHEM INDIA LIMITED |
Principal Name 1 |
Mr. Jaswant Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Satinder Pal Singh |
|
|
|
Registration # |
55-44884 |
|
Street Address |
A-101, Lajpat Nagar - I, |
||
|
Established Date |
08.07.1991 |
SIC Code |
-- |
|
Telephone# |
91-11-23356131 |
Business Style 1 |
Importer |
|
Fax # |
91-11-41554300 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
All Types of Chemicals |
|
|
# of employees |
Approximately 170 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
643,138,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 42.29% Directors or relatives of
directors 57.71% |
Banking |
Corporation Bank |
|
Public Limited Corp. |
NO |
Business Period |
21 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Parties |
|
Jaspark Specialty Chemicals Private
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,590,513,000 |
Current Liabilities |
2,409,263,000 |
|
Inventories |
2,474,511,000 |
Long-term Liabilities |
3,930,370,000 |
|
Fixed Assets |
348,723,000 |
Other Liabilities |
35,325,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
6,374,958,000 |
|
Invest& other Assets |
56,952,000 |
Retained Earnings |
1,452,603,000 |
|
|
|
Net Worth |
2,095,741,000 |
|
Total Assets |
8,470,699,000 |
Total Liab. & Equity |
8,470,699,000 |
|
Total Assets (Previous Year) |
6,337,039,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
18,041,713,000 |
Net Profit |
141,956,000 |
|
Sales(Previous yr) |
15,898,261,000 |
Net Profit(Prev.yr) |
85,819,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAY POLYCHEM INDIA LIMITED (w.e.f.07.12.2009) |
|
|
|
|
Formerly Known
As : |
JAY POLYCHEM (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-101, Lajpat Nagar – I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-044884 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 643.138 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300DL1991PLC044884 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ02198A |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business
: |
Importers and Traders of all types of chemicals. |
|
|
|
|
No. of Employees
: |
170 (Approximately) |
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 8300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established 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. |
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, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
LBB+ (Long Term Rating) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
May 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4+ |
|
Rating Explanation |
Having minimal degree of safety regarding timely payment of financial
obligation. It carry high credit risk. |
|
Date |
May 2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
A-101, Lajpat Nagar – I, |
|
Tel. No.: |
91-11-2335 6131-38 / 25529639 / 25590523 / 42791000 |
|
Fax No.: |
91-11-41554300 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative
Office : |
34, Babar Lane, Bengali Market, Connaught Place, New Delhi
– 110001, India |
|
Tel. No.: |
91-11-2335 6131-38 / 2335 6133 / 55 |
|
Fax No.: |
91-11-2335 4853 |
|
|
|
|
Warehouse : |
A-3/2, Mayapuri Industrial Area, Phase I, New
Delhi-110064, India |
|
Tel. No.: |
91-11-2513 8601/2513 1869/2513 1345 |
|
Fax No.: |
91-11-2549 3309 |
|
|
|
|
Corporate Office : |
D-143, Defence Colony, New Delhi-110024, |
|
Tel. No.: |
91-11-42791000 |
|
Fax No.: |
91-11-41554300 |
|
E-Mail : |
|
|
|
|
|
Distribution Market: |
· · · · · · ·
· · ·
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Jaswant Singh |
|
Designation : |
Managing Director |
|
Address : |
D-97, Defence Colony, New
Delhi-110024, India |
|
Date of Birth/Age : |
18.12.1935 |
|
Date of Appointment : |
01.05.2006 |
|
DIN No.: |
00050877 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24111DL1999PTC102727 |
JASPARK
SPECIALITY CHEMICALS PRIVATE LIMITED |
Managing
director |
01/04/2007 |
08/12/1999 |
Active |
NO |
|
2 |
U32204DL2004PTC125747 |
JAY
TEL MOBILE PRIVATE LIMITED |
Director |
12/04/2004 |
12/04/2004 |
Active |
NO |
|
3 |
U72300DL1991PLC044884 |
JAY
POLYCHEM INDIA LIMITED |
Managing
director |
01/10/2011 |
01/05/2006 |
Active |
NO |
|
4 |
U74899DL1995PLC071853 |
GANAPATI
SUGAR LIMITED |
Director |
15/09/2006 |
15/09/2006 |
Active |
NO |
|
5 |
U74899DL1995PLC067006 |
GANAPATI
BREWERIES LIMITED |
Director |
15/09/2006 |
15/09/2006 |
Active |
NO |
|
6 |
U45200DL2006PTC156379 |
AN
Platinum Land Private Limited |
Director |
08/12/2006 |
08/12/2006 |
Active |
NO |
|
7 |
U72300DL2007PTC166578 |
J.S.
INFOGEN PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
8 |
U24293DL2007PTC166571 |
J.S.
PETRO CHEMICALS PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
9 |
U72900DL2000PTC106396 |
SUNDARAM
SOFTWARE PRIVATE LIMITED |
Director |
03/11/2009 |
31/10/2007 |
Active |
NO |
|
10 |
U40106DL2010PTC200037 |
JAY NATURAL
RESOURCES INDIA PRIVATE LIMITED |
Director |
12/03/2010 |
12/03/2010 |
Active |
NO |
|
11 |
U40102DL2010PTC202182 |
JAY
NATURAL ENERGY PRIVATE LIMITED |
Director |
30/04/2010 |
30/04/2010 |
Active |
NO |
|
12 |
U40101DL2010PLC202295 |
ISHAR
POWER INFRASTRUCTURE LIMITED |
Director |
05/05/2010 |
05/05/2010 |
Active |
NO |
|
13 |
U55100DL2010PTC203474 |
JAY
HOSPITALITIES PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
Active |
NO |
|
14 |
U45204DL2010PLC205297 |
JAY
MADHOK PROJECTS LIMITED |
Director |
06/07/2010 |
06/07/2010 |
Active |
NO |
|
15 |
U70109DL2011PTC218812 |
JAY
MADHOK HOLDINGS PRIVATE LIMITED |
Director |
09/05/2011 |
09/05/2011 |
Active |
NO |
|
Name : |
Mr. Satinder Singh Madhok |
|
Designation : |
Whole Time Director |
|
Address : |
D-97, Defence Colony, New
Delhi-110024, India |
|
Date of Birth/Age : |
28.08.1968 |
|
Date of Appointment : |
01.05.2006 |
|
DIN No.: |
00051036 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24111DL1999PTC102727 |
JASPARK
SPECIALITY CHEMICALS PRIVATE LIMITED |
Director |
08/12/1999 |
08/12/1999 |
Active |
NO |
|
2 |
U32204DL2004PTC125747 |
JAY
TEL MOBILE PRIVATE LIMITED |
Director |
12/04/2004 |
12/04/2004 |
Active |
NO |
|
3 |
U72300DL1991PLC044884 |
JAY
POLYCHEM INDIA LIMITED |
Whole-time
director |
01/10/2011 |
01/05/2006 |
Active |
NO |
|
4 |
U74899DL1995PLC071853 |
GANAPATI
SUGAR LIMITED |
Director |
15/09/2006 |
15/09/2006 |
Active |
NO |
|
5 |
U74899DL1995PLC067006 |
GANAPATI
BREWERIES LIMITED |
Director |
15/09/2006 |
15/09/2006 |
Active |
NO |
|
6 |
U45200DL2006PTC156379 |
AN
PLATINUM LAND PRIVATE LIMITED |
Director |
08/12/2006 |
08/12/2006 |
Active |
NO |
|
7 |
U45200DL2007PTC161066 |
JAY
PLATINUM LAND PRIVATE LIMITED. |
Director |
23/03/2007 |
23/03/2007 |
Active |
NO |
|
8 |
U72300DL2007PTC166579 |
PREMIUM
INFORMATICS PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
9 |
U72300DL2007PTC166578 |
J.S.
INFOGEN PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
10 |
U24293DL2007PTC166571 |
J.S.
PETRO CHEMICALS PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
11 |
U24100DL2007PTC166630 |
PAAVAN
CHEMICALS PRIVATE LIMITED |
Director |
03/08/2007 |
03/08/2007 |
Active |
NO |
|
12 |
U72900DL2000PTC106396 |
SUNDARAM
SOFTWARE PRIVATE LIMITED |
Director |
03/11/2009 |
31/10/2007 |
Active |
NO |
|
13 |
U40200DL2009PTC194705 |
JAY
MADHOK ENERGY PRIVATE LIMITED |
Director |
25/09/2009 |
25/09/2009 |
Active |
NO |
|
14 |
U40106DL2010PTC200037 |
JAY NATURAL
RESOURCES INDIA PRIVATE LIMITED |
Director |
12/03/2010 |
12/03/2010 |
Active |
NO |
|
15 |
U40101DL2010PTC200218 |
JAY
POWER INFRASTRUCTURES PRIVATE LIMITED |
Director |
16/03/2010 |
16/03/2010 |
Active |
NO |
|
16 |
U40101DL2010PLC202295 |
ISHAR
POWER INFRASTRUCTURE LIMITED |
Director |
05/05/2010 |
05/05/2010 |
Active |
NO |
|
17 |
U55100DL2010PTC203474 |
JAY
HOSPITALITIES PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
Active |
NO |
|
18 |
U45204DL2010PLC205297 |
JAY
MADHOK PROJECTS LIMITED |
Director |
06/07/2010 |
06/07/2010 |
Active |
NO |
|
19 |
U25190DL2010PTC205835 |
JAY
POLYCOMPOUNDS PRIVATE LIMITED |
Director |
13/07/2010 |
13/07/2010 |
Active |
NO |
|
20 |
U11100DL2011PTC215334 |
ISHAR
GASOIL PRIVATE LIMITED |
Director |
07/03/2011 |
07/03/2011 |
Active |
NO |
|
21 |
U70109DL2011PTC218812 |
JAY
MADHOK HOLDINGS PRIVATE LIMITED |
Director |
09/05/2011 |
09/05/2011 |
Active |
NO |
|
22 |
U40106DL2011PTC219080 |
ISHAR
WIND ENERGY PRIVATE LIMITED |
Director |
12/05/2011 |
12/05/2011 |
Active |
NO |
|
23 |
U55101DL2012PTC233328 |
HARNANDISHAR
HOTELS PRIVATE LIMITED |
Director |
26/03/2012 |
26/03/2012 |
Active |
NO |
|
Name : |
Mr. Sandeep Singh Madhok |
|
Designation : |
Whole Time Director |
|
Address : |
D-97, Defence Colony, New
Delhi-110024, India |
|
Date of Birth/Age : |
11.09.1971 |
|
Date of Appointment : |
01.05.2006 |
|
DIN No.: |
00191513 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24111DL1999PTC102727 |
JASPARK
SPECIALITY CHEMICALS PRIVATE LIMITED |
Director |
08/12/1999 |
08/12/1999 |
Active |
NO |
|
2 |
U32204DL2004PTC125747 |
JAY
TEL MOBILE PRIVATE LIMITED |
Director |
12/04/2004 |
12/04/2004 |
Active |
NO |
|
3 |
U72300DL1991PLC044884 |
JAY
POLYCHEM INDIA LIMITED |
Whole-time
director |
01/10/2011 |
01/05/2006 |
Active |
NO |
|
4 |
U51909DL1997PTC089926 |
BAWEJA
EXPORTS PRIVATE LIMITED |
Director |
15/09/2006 |
15/09/2006 |
Active |
NO |
|
5 |
U45200DL2006PTC156379 |
AN
PLATINUM LAND PRIVATE LIMITED |
Director |
08/12/2006 |
08/12/2006 |
Active |
NO |
|
6 |
U45200DL2007PTC161066 |
JAY
PLATINUM LAND PRIVATE LIMITED. |
Director |
23/03/2007 |
23/03/2007 |
Active |
NO |
|
7 |
U72300DL2007PTC166579 |
PREMIUM
INFORMATICS PRIVATE LIMITED |
Director |
02/08/2007 |
02/08/2007 |
Active |
NO |
|
8 |
U24100DL2007PTC166630 |
PAAVAN
CHEMICALS PRIVATE LIMITED |
Director |
03/08/2007 |
03/08/2007 |
Active |
NO |
|
9 |
U72900DL2000PTC106396 |
SUNDARAM
SOFTWARE PRIVATE LIMITED |
Director |
03/11/2009 |
22/11/2007 |
Active |
NO |
|
10 |
U40200DL2009PTC194705 |
JAY
MADHOK ENERGY PRIVATE LIMITED |
Director |
25/09/2009 |
25/09/2009 |
Active |
NO |
|
11 |
U40101DL2010PTC200218 |
JAY
POWER INFRASTRUCTURES PRIVATE LIMITED |
Director |
16/03/2010 |
16/03/2010 |
Active |
NO |
|
12 |
U40102DL2010PTC202182 |
JAY NATURAL
ENERGY PRIVATE LIMITED |
Director |
30/04/2010 |
30/04/2010 |
Active |
NO |
|
13 |
U40101DL2010PLC202295 |
ISHAR
POWER INFRASTRUCTURE LIMITED |
Director |
05/05/2010 |
05/05/2010 |
Active |
NO |
|
14 |
U45204DL2010PLC205297 |
JAY MADHOK
PROJECTS LIMITED |
Director |
06/07/2010 |
06/07/2010 |
Active |
NO |
|
15 |
U25190DL2010PTC205835 |
JAY
POLYCOMPOUNDS PRIVATE LIMITED |
Director |
13/07/2010 |
13/07/2010 |
Active |
NO |
|
16 |
U11100DL2011PTC215334 |
ISHAR
GASOIL PRIVATE LIMITED |
Director |
07/03/2011 |
07/03/2011 |
Active |
NO |
|
17 |
U40106DL2011PTC219080 |
ISHAR
WIND ENERGY PRIVATE LIMITED |
Director |
12/05/2011 |
12/05/2011 |
Active |
NO |
|
18 |
U55100DL2010PTC203474 |
JAY
HOSPITALITIES PRIVATE LIMITED |
Director |
21/12/2011 |
21/12/2011 |
Active |
NO |
|
19 |
U70109DL2011PTC218812 |
JAY
MADHOK HOLDINGS PRIVATE LIMITED |
Director |
21/12/2011 |
21/12/2011 |
Active |
NO |
|
20 |
U55101DL2012PTC232981 |
HARNANDISH
HOTELS PRIVATE LIMITED |
Director |
26/03/2012 |
26/03/2012 |
Active |
NO |
|
Name : |
Mrs. Gurdeep Singh |
|
Designation : |
Director |
|
Address : |
58, Heera Nagar, |
|
Date of Birth/Age : |
24.06.1943 |
|
Date of Appointment : |
03.08.2005 |
|
DIN No.: |
00935120 |
KEY EXECUTIVES
|
Name : |
Mr. Dheeraj |
|
Designation : |
Secretary |
|
Address : |
T-1200, Mangol Puri, New Delhi-110083, India |
|
Date of Birth/Age : |
15.08.1977 |
|
Date of Appointment : |
05.05.2011 |
|
PAN No.: |
BBVPD7019K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Satinder Pal Singh |
1147740 |
|
Prakash Kaur |
298000 |
|
Sandeep Singh Madhok |
1164260 |
|
Jaswant Singh |
901500 |
|
Harneet Kaur |
100100 |
|
Sumohita Kaur |
100100 |
|
Satinder Singh Madhok HUF |
2900 |
|
Ganapati Sugar Limited, New Delhi |
115750 |
|
Ganapati Breweries Limited, |
179750 |
|
Baweja Exports Private lImited, |
279000 |
|
Jay Tel Mobile Private Limited, |
1093480 |
|
Jaspark Specility Chemicals Private Limited, |
741800 |
|
Sundaram Software Private Limited, New Delhi |
307000 |
|
TOTAL
|
6431380 |
AS ON 31.03.2012
|
Names of Allotees |
No. of Shares |
|
Satinder Pal Singh Madhok |
27000 |
|
Sandeep Singh Madhok |
39000 |
|
Jay Natural Resources India Private Limited, India |
170000 |
|
AN Platinum Land Private Limited, India |
150000 |
|
Jay Platinum Land Private Limited, India |
175000 |
|
Jay Power Infrastructures Private Limited, India |
172000 |
|
Jay Tel Mobile Private Limited, |
5740 |
|
Jaspark Specility Chemicals Private Limited, |
81000 |
|
Sundaram Software Private Limited, New Delhi |
180260 |
|
TOTAL
|
1000000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
42.29 |
|
Directors or relatives of Directors |
57.71 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distribution and International Trading of Chemicals |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
170 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Patiala, Commercial Branch,
Chandralok Building, 36, Janpath, New Delhi-110001, India ·
Federal Bank Limited, Overseas Branch, E-13-29,
Connaught Circle, New Delhi-110001, India
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Raj Aryan and Associates Chartered Accountants |
|
Address : |
WZ-578 (New No. F-11), Rishi Nagar, Shakur Basti, New
Delhi-110034, |
|
Tel. No.: |
91-11-27017283 / 27025229 |
|
PAN No.: |
ABEPA6726E |
|
|
|
|
Related Parties : |
·
Jaspar Transport Company ·
Jaspark Speciality Chemicals Private Limited CIN No.:- U24111DL1999PTC102727 ·
Jay Tel Mobile Private Limited CIN No.:- U32204DL2004PTC125747 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.100/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6431380 |
Equity Shares |
Rs.100/-
each |
Rs. 643.138
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.100/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7431380 |
Equity Shares |
Rs.100/-
each |
Rs. 743.138
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
643.138 |
482.798 |
463.960 |
|
|
2] Share Application Money |
0.000 |
191.100 |
94.190 |
|
|
3] Reserves & Surplus |
1452.603 |
669.286 |
508.115 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2095.741 |
1343.184 |
1066.265 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3298.378 |
3738.465 |
3066.178 |
|
|
2] Unsecured Loans |
631.992 |
586.402 |
465.383 |
|
|
TOTAL BORROWING |
3930.370 |
4324.867 |
3531.561 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6026.111 |
5668.051 |
4597.826 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
348.723 |
322.468 |
214.815 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
56.952 |
55.453 |
55.402 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2474.511
|
2009.558
|
1625.908
|
|
|
Sundry Debtors |
4501.671
|
3166.470
|
2846.594
|
|
|
Cash & Bank Balances |
758.931
|
501.920
|
324.443
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
329.911
|
281.170
|
277.052
|
|
Total
Current Assets |
8065.024
|
5959.118 |
5073.997 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
992.278
|
622.176
|
692.854
|
|
|
Other Current Liabilities |
1416.985
|
36.771
|
51.392
|
|
|
Provisions |
35.325
|
10.041
|
2.142
|
|
Total
Current Liabilities |
2444.588
|
668.988 |
746.388 |
|
|
Net Current Assets |
5620.436
|
5290.130
|
4327.609
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6026.111 |
5668.051 |
4597.826 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18041.713 |
15898.261 |
12856.221 |
|
|
|
Other Income |
4.469 |
0.918 |
9.162 |
|
|
|
TOTAL (A) |
18046.182 |
15899.179 |
12865.383 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
16958.909 |
15011.022 |
12141.641 |
|
|
|
Personnel Expenses |
-- |
77.428 |
65.555 |
|
|
|
Employee Related Expenses |
74.628 |
-- |
-- |
|
|
|
Administrative, Other Expenses |
207.619 |
156.846 |
141.733 |
|
|
|
Selling and Distribution Expenses |
-- |
92.089 |
68.076 |
|
|
|
TOTAL (B) |
17241.156 |
15337.385 |
12417.005 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
805.026 |
561.794 |
448.378 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
537.491 |
397.876 |
351.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
267.535 |
163.918 |
96.713 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
47.397 |
27.982 |
23.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
220.138 |
135.936 |
73.280 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
78.182 |
50.117 |
31.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
141.956 |
85.819 |
41.480 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3351.781 |
4416.810 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.07 |
17.75 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.79
|
0.54
|
0.34
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.22
|
0.86
|
0.57
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.62
|
2.16
|
1.38
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.10
|
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.04
|
3.72
|
0.70
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.30
|
8.91
|
6.80
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
PERFORMANCE REVIEW
During the
financial year the Company achieved the total turnover of Rs. 18041.700
Millions compared to Last year turnover of Rs. 15898.200 Millions. The profit
before tax is Rs. 220.100 Millions and profit after tax is Rs. 141.900
Millions. Since the overall growth and performance of the Company in terms of
business and profit shows significant improvement in comparison to last
financial year and the Company is hoping better results in coming years
OPPORTUNITIES AND
FUTURE PLANS
The Management is trying to explore new indigenous market for chemical
products, Polymers and Polymer Additives.
The Management is constantly
exploring possibilities for new products as well as new markets for the Indian
End use Sectors like Automotive, Health and Medical, Pharmaceuticals, Paints,
footwear, Lighting etc. Recently Company has ventured into sourcing chemicals
like HAB, Benzene, LAB and Heavy Aromatics.
The Company was
awarded an Oil and Gas Block in NELP VIII round of bidding by Ministry of
Petroleum and Natural Gas in cambay basin of Gujarat area, which is a proven
basin for Oil and Gas reserves. The Production sharing contract of the same has
already been signed by the Company. The Company has awarded for Petroleum
Exploration Licence with Gujarat State Government. The Company has started
exploration activities in its block in the current year and expects to start drilling
of exploring wells in next year and hopes that it will change the future of the
Company.
MARKET
There is good
demand for engineering polymers in indigenous market and there are no
indigenous manufacturers for these products. The company, being an importer of
Industrial chemicals and solvents is able to serve the requirements of the
Indian Market. The market is highly competitive and other suppliers are also
catering to the requirements of the market, therefore, management has been
using innovative ways of supplying speciality products.
FORM 8
|
Corporate
identity number of the company |
U72300DL1991PLC044884 |
|
Name of the
company |
JAY POLYCHEM
INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-101, Lajpat Nagar - I, New Delhi - 110 024, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Others |
|
Particular of
charge holder |
State Bank of Patiala, Commercial Branch, Chandralok Building, 36, Janpath,
New Delhi-110001, India |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Goods And Assets. |
|
Date of
instrument Creating the charge |
02.05.2012 |
|
Amount secured by
the charge |
Rs. 500.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Rate of Interest
@ 4.50% Above Base Rate, Present Effective Rate 15% P.A. Terms of repayment Payable On
Demand. Margin Stocks - 25% Book Debts /
Receivables - 25% LC - 10% Extent and operation of the charge Pari Passu
Charge. Other The Above Is To
Secure Following Credit Facilities :- Cash Credit =
Rs. 100.000 Millions Letter Of Credit
= Rs. 400.000 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
Way of First Pari Passu Charge Over All Present And Future Current Assets of
The Company Stored or To Be Stored At The Company's Godowns or Premises or
Wherever Else The Same May Be. |
FIXED ASSETS
v
Air
Conditioner
v
Auto
Rickshaw
v
Building
v
Car
v
Cellular
Phone
v
Computer
v
Cycle
v
Fan
v
Fax
v
Furniture
and Fixture
v
Generator
v
Inventers
v
Office
Equipments
v
Pager
v
Two
Wheeler
v
Typewriters
v
Water
Cooler
v
Water
Pump set
v
Fork
Lift Truck
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. 55.34 |
|
|
1 |
Rs. 86.45 |
|
Euro |
1 |
Rs. 68.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.