MIRA
INFORM REPORT
|
Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
JANYA EXTRUSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7A, Sunbeam Apartment, 1st Floor, Rear Stairs, 316/320,
Rajaram Mohan Roy Road, Opposite Charni Road Station, Mumbai – 400 004,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.07.2000 |
|
|
|
|
Com. Reg. No.: |
11-127743 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.425 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH2000PTC127743 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08593E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ8543J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Copper and Copper Alloy
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
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 76000 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
7A, Sunbeam Apartment, 1st Floor, Rear Stairs, 316/320,
Rajaram Mohan Roy Road, Opposite Charni Road Station, Mumbai – 400 004,
Maharashtra, India |
|
Tel. No.: |
91-22-23614200 / 23614300 / 66362917 |
|
Fax No.: |
91-22-23614400 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Pritam Devichand Bokadia |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
705, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.07.1972 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.07.2000 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00075985 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Alpesh Mahendra Rawal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/3, Jagatraj Niwas, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.04.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.01.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00080530 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Pritam D Bokadia |
|
100100 |
|
Deepa Mardia |
|
177300 |
|
Kalpana Mardia |
|
100 |
|
Kavita Bokadia |
|
80000 |
|
Srikant Koradia / Jawahar Koradia |
|
70000 |
|
Nirmala Mardia |
|
55000 |
|
Mahavir Finvest Private Limited, |
|
80000 |
|
Sushil Mardia (HUF) |
|
25000 |
|
Sarovar Capital Market Limited, |
|
30000 |
|
Mahesh Oza |
|
25000 |
|
Total |
|
642500 |
As on 26.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
23.78 |
|
Directors
or relatives of directors |
|
70.81 |
|
Other
top fifty shareholders |
|
5.41 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Copper and Copper Alloy
Products. |
|
|
|
|
Products : |
·
Copper
Tubes ·
Brass Tubes ·
Brass Bar ·
Copper Bar ·
Cupro Nickel Tubes |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Barclays Bank ·
HDFC Bank ·
Kotak Mahindra Bank ·
Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dangi and Associates Chartered Accountants |
|
Address : |
92-C, Government Industrial Estate, Kandivali (West), Mumbai – 400
067, |
CAPITAL STRUCTURE
As on 26.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
642500 |
Equity Shares |
Rs.10/- each |
Rs.6.425
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 |
6.425 |
4.625 |
1.625 |
|
|
2] Share Application Money |
0.650 |
0.000 |
1.600 |
|
|
3] Reserves & Surplus |
11.825 |
7.572 |
4.601 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.900 |
12.197 |
7.826 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
11.330 |
16.908 |
10.641 |
|
|
TOTAL BORROWING |
11.330 |
16.908 |
10.641 |
|
|
DEFERRED TAX LIABILITIES |
0.002 |
0.000 |
0.000` |
|
|
|
|
|
|
|
|
TOTAL |
30.232 |
29.105 |
18.467 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.783 |
1.836 |
1.782 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.062 |
0.062 |
0.062 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.427
|
9.205 |
4.416 |
|
|
Sundry Debtors |
70.706
|
62.077 |
39.896 |
|
|
Cash & Bank Balances |
9.028
|
1.578 |
1.791 |
|
|
Other Current Assets |
1.225
|
0.800 |
0.630 |
|
|
Loans & Advances |
5.859
|
9.562 |
1.818 |
|
Total
Current Assets |
111.245
|
83.222 |
48.551 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
71.062
|
47.735 |
29.439 |
|
|
Other Current Liabilities |
9.791
|
6.913 |
1.664 |
|
|
Provisions |
2.005
|
1.371 |
0.825 |
|
Total
Current Liabilities |
82.858
|
56.019 |
31.928 |
|
|
Net Current Assets |
28.387
|
27.203 |
16.623 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.232 |
29.105 |
18.467 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
427.328 |
258.970 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
418.475 |
252.387 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.853 |
6.583 |
6.010 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
2.077 |
1.834 |
3.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.776 |
4.749 |
2.868 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.513 |
0.411 |
0.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
6.263 |
4.338 |
2.338 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.004 |
1.370 |
0.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
4.259 |
2.968 |
1.514 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.572 |
4.600 |
3.086 |
|
|
|
|
|
|
|
|
|
Add |
DEFERRED TAX |
(0.006) |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.825 |
7.572 |
4.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.63 |
6.42 |
9.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.99
|
1.15 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.54
|
5.10 |
4.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.36 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.98
|
5.98 |
5.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.49 |
1.52 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
The Registered Office of the company has been shifted from 8 Oceanic
House, 1st Floor, 2 Karel Wadi, Thakurdwar Road, Mumbai – 400 002,
Maharashtra, India to the present address w.e.f. 01.12.2006.
OPERATIONS
During the year, the Company has earned net profit of Rs.4.259 millions
after providing for Interest, tax and Depreciation to which is added the sum of
Rs.7.572 millions being profit brought forward from earlier year thus making
total surplus available to Rs.11.825 millions, which is carried to Balance
Sheet.
FIXED ASSETS
·
Computer and Printer
·
Motor Car
·
Air Conditioner
·
Fax Machine
·
·
Refrigerator
·
Water Machine
·
Office Equipment
·
Office Furniture
·
Telesystem
WEB DETAILS
They are among the copper tubes manufacturer and copper tube
exporter in
·
Brass Bar
·
Copper Bar
·
Brass Flats
·
Brass Profile
·
Brass Rounds
·
Brass Tubes
·
Copper Bus
Bars
·
Copper
Profile
·
Copper Rounds
·
Copper Tubes
Cupro Nickel Tubes With
the Passion, devotion and zeal to excel, subject has carved a niche for itself.
They always strive to improve and upgrade their technology so that they could
carve out latest design, durable and fine quality copper and brass products for
their hard earned customers. Their exquisite quality copper bus bars and brass
tubes are well known for its durability and quality.
COMPANY PROFILE
They are one of the manufacturers and exporters of copper and
copper alloy products in
They are well known for their zest of hard work, constant effort and strong
commitment to supply quality products to customers. Their workforce always
strive hard to match up to clients expectation. The mission of their company is
to give fine quality to their products. Furthermore, they are serving their
distinguished customers with various irregular profiles as per the customers
demand.
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.53.23 |
|
|
1 |
Rs.82.87 |
|
Euro |
1 |
Rs.69.13 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.