MIRA
INFORM REPORT
|
Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
JUPITER LAMINATORS PRIVATE LIMITED |
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Registered
Office : |
25/33, 3rd Floor, East Patel Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
07.03.2003 |
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Com. Reg. No.: |
55-119318 |
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Capital
Investment / Paid-up Capital : |
Rs.26.250 Millions |
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CIN No.: [Company
Identification No.] |
U21022DL2003PTC119318 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Packaging Material. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 463000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
Financials of 2011 are not made available. As per previous year’s, there appear huge external borrowings recorded
by the company. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered 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) |
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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 |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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
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Registered Office/ Corporate Office : |
25/33, 3rd Floor, East Patel Nagar, |
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Tel. No.: |
91-11-42481111/ 26913252 |
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Fax No.: |
91-11-42481126 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Factory : |
Village Liwaspur, Near Bahalgarh Industrial Area, Bahalgarh, Sonepat –
131 021, |
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Tel. No.: |
91-130-2380305/ 2380306/ 2380307/ 2380308 |
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Fax No.: |
91-130-2380308 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Sandeep Dharam Pal Bajaj |
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Designation : |
Director |
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Address : |
C-582, New Friends Colony, |
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Date of Birth/Age : |
15.05.1968 |
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Date of Appointment : |
07.03.2003 |
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DIN No.: |
00058334 |
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Other Directorship :
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Name : |
Mr. Brij Lal Choudhary |
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Designation : |
Director |
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Address : |
113, B. P. Amar Jyoti, Mayur Vihar, Phase – I, |
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Date of Birth/Age : |
01.05.1944 |
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Date of Appointment : |
29.03.2005 |
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DIN No.: |
00058514 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
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Sandeep Bajaj |
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1524000 |
|
Signet Vyapar Private Limited, |
|
1938000 |
|
Playway Resorts Private Limited, |
|
118000 |
|
Signature Build-Well Private Limited, |
|
120000 |
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Total
|
|
3700000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
58.81 |
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Directors or relatives of Directors |
41.19 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Packaging Material. |
GENERAL INFORMATION
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No. of Employees : |
150 (Approximately) |
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Bankers : |
v
Indian Overseas Bank, A-5B, DDA Market, Paschim
Vihar, v
Punjab National Bank, Shalimar Bagh Branch,
Shalimar Bagh, v
ICICI Bank Limited v
Barclays Bank
PLC v Bank of v Syndicate Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mathur Nitin and Company Chartered Accountants |
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Address : |
207, Gupta Arcade, Plot # 5, Local Shopping Centre, Mayur Vihar Phase
– I Extension, Delhi – 110 091, India |
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Tel. No.: |
91-11-22717886/ 22717887 |
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E-Mail : |
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PAN No.: |
AAJPM1168J |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3700000 |
Equity Shares |
Rs.10/- each |
Rs.37.000
Millions |
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As on 31.03.2010
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.26.250 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
26.250 |
19.000 |
15.930 |
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2] Share Application Money |
0.000 |
30.000 |
1.230 |
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3] Reserves & Surplus |
89.422 |
22.400 |
15.040 |
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4] (Accumulated Losses) |
0.000 |
(20.087) |
(22.687) |
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NETWORTH |
115.672 |
51.313 |
9.513 |
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LOAN FUNDS |
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1] Secured Loans |
217.396 |
70.210 |
37.942 |
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2] Unsecured Loans |
45.990 |
41.930 |
17.380 |
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TOTAL BORROWING |
263.386 |
112.140 |
55.322 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
379.058 |
163.453 |
64.835 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
94.931 |
88.265 |
75.336 |
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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 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
74.730
|
46.556 |
34.084 |
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Sundry Debtors |
240.181
|
135.514 |
53.484 |
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Cash & Bank Balances |
0.389
|
4.931 |
1.100 |
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Other Current Assets |
0.684
|
0.915 |
1.063 |
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Loans & Advances |
23.430
|
34.350 |
19.007 |
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Total
Current Assets |
339.414
|
222.266 |
108.738 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
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|
99.239 |
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Other Current Liabilities |
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|
20.079 |
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Provisions |
2.200
|
0.144 |
0.052 |
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Total
Current Liabilities |
55.373
|
147.188 |
119.370 |
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Net Current Assets |
284.041
|
75.078 |
(10.632) |
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MISCELLANEOUS EXPENSES |
0.086 |
0.110 |
0.131 |
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TOTAL |
379.058 |
163.453 |
64.835 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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|
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|
818.268 |
693.526 |
151.289 |
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Other Income |
|
4.517 |
11.996 |
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TOTAL |
818.268 |
698.043 |
163.285 |
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Less |
EXPENSES |
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TOTAL |
779.105 |
682.033 |
152.489 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.163 |
16.010 |
10.796 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
15.104 |
11.887 |
10.418 |
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PROFIT BEFORE
TAX |
24.059 |
4.123 |
0.378 |
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Less |
TAX |
2.200 |
1.523 |
0.289 |
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PROFIT AFTER TAX
|
21.859 |
2.600 |
0.089 |
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Earnings Per
Share (Rs.) |
NA
|
1.37 |
0.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.67
|
0.37 |
0.05 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.59 |
0.25 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.54
|
1.33 |
0.21 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.08 |
0.04 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.76
|
5.05 |
18.36 |
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Current Ratio (Current Asset/Current Liability) |
|
6.13
|
1.51 |
0.91 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
|
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 |
No |
Note:
The Registered Office of the company has been shifted from B–35, L.G.F.
Tungpura Extension, New Delhi – 110 014, India, to the present address w.e.f.
28.05.2004.
FINANCIAL RESULTS:
The company has earned a Profit of Rs.21.859 Millions after depreciation
and tax. The directors are hopeful to get more business with improved position
in respect of business in coming year.
PERFORMANCE:
The company has done good business in the preceding financial year. The
directors are hopeful of making even performance during the current year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U21022DL2003PTC119318 |
|
Name of the
company |
JUPITER
LAMINATORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
25/33, 3rd Floor, East Patel Nagar, E-Mail: roc.anilashok@gmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10220568 |
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Type of charge |
Immovable
property |
|
Particular of charge
holder |
Punjab National Bank, Shalimar Bagh Branch, Shalimar Bagh, E-Mail: bo4184@pnb.co.in |
|
Nature of
instrument creating charge |
Letter of
continuity |
|
Date of instrument
Creating the charge |
13.02.2012 |
|
Amount secured by
the charge |
Rs.342.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction Terms of
Repayment As per sanction Margin As per sanction Extent and
Operation of the charge The charge
operates as security as exclusive first charge in favour of Punjab National
Bank Others This is to secure
credit facilities aggregating Rs.342.000 Millions i.e. cash credit limit of
Rs. 300.000 Millions (with sub limit of ILC/FLC (DA) Rs. 20.000 Millions) and
term loan of Rs.42.000 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable
mortgage by deposit of title deeds relating to IMM. Property i.e. Ind.
Property at Khewat No.54, Khata No.93, total area 809.45 sq. yds at Village
Libaspur, Sonipat (Haryana) Equitable
mortgage by deposit of title deeds relating to IMM. Property i.e. entire 3rd Floor, Plot No.25/33, East Patel Nagar, |
|
Particulars of
the present modification |
The extent of
operation of charge stands enhanced from Rs.292.000 Millions to Rs.342.000
Millions consequent to enhancement in cc-stocks limit from Rs.250.000
Millions to Rs.300.000 Millions i.e. cash credit limit of Rs.300.000 Millions
(with sub limit of ILC/FLC (DA) Rs.20.000 Millions) and term loan of
Rs.42.000 Millions |
FIXED ASSETS:
v Air Conditioner
v Air Compressor
v Air Cooler
v Furniture and Fixture
v Office Equipment
v Plant and Machinery
v Tools and Lab Equipment
v Vehicles
v Electricity Installation
v Computer
v Computer and Printers
v Tally Software
v
v
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.54.20 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
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.