MIRA
INFORM REPORT
|
Report Date : |
31.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAYPEE FOOTWEAR PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.03.2010 |
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Com. Reg. No.: |
10-023199 |
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Capital Investment
/ Paid-up Capital : |
Rs.6.000 millions |
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CIN No.: [Company Identification
No.] |
U19201MP2010PTC023199 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BPLJ02246G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Industrial Safety Shoes. |
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No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 26000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new established company having moderate track.
Profitability of the company appears to be low. However, trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some caution.
|
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 |
|
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 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATION PARTED BY
|
Name : |
Mr. Aman Jain |
|
Designation : |
Manager |
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Contact No.: |
91-8085170170 |
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Date : |
26.07.2012 |
LOCATIONS
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Registered Office/ Factory : |
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Tel. No.: |
91-751-2420431/ 2454933 |
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Mobile No.: |
91-8085170170 (Mr. Aman Jain-Manager) |
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Fax No.: |
91-751-2336113 |
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E-Mail : |
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|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Jai Prakash Shiv Narayan Dubey |
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Designation : |
Director |
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Address : |
J.P. House, Bai Sahab Ki Pared, Lashkar, |
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Date of Appointment : |
15.03.2010 |
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DIN No.: |
02843112 |
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Name : |
Mrs. Premlata Jai Prakash Dubey |
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Designation : |
Director |
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Address : |
J.P. House, Bai Sahab Ki Pared, Lashkar, |
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Date of Appointment : |
15.03.2010 |
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DIN No.: |
02851615 |
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Name : |
Mr. Ashish Jai Prakash Dubey |
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Designation : |
Director |
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Address : |
J.P. House, Bai Sahab Ki Pared, Lashkar, |
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Date of Appointment : |
15.03.2010 |
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DIN No.: |
02864277 |
KEY EXECUTIVES
|
Name : |
Mr. Aman Jain |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jai Prakash Dubey |
|
19000 |
|
Premlata Dubey |
|
5000 |
|
Ashish Dubey |
|
4000 |
|
Ram Katori Devi |
|
8000 |
|
Etti Dubey |
|
4000 |
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Total |
|
40000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Safety Shoes. |
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Exports : |
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Products : |
Industrial Safety Shoes |
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Countries : |
v
v
Gulf Countries |
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Terms : |
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Selling : |
L/C, Cash and Credit (30/ 60 days) |
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Purchasing : |
Cash and Credit (30/ 60 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
v Bank of v HDFC Bank
Limited, |
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Facilities : |
Overdraft – Rs.4.500 millions (From HDFC Bank Limited) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Solanki Singh and Company Chartered Accountants |
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Address : |
Third Floor, |
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Tel. No.: |
91-751-2321260/ 2321261 |
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Fax No.: |
91-751-2329855 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABHFS4093B |
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Memberships : |
v
Council Leather Export v
Chamber of Commerce |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000 |
Equity Shares |
Rs.100/- each |
Rs.6.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000 |
Equity Shares |
Rs.100/- each |
Rs.6.000 millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
|
6.000 |
0.100 |
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|
2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
0.620 |
0.000 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
6.620 |
0.100 |
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LOAN FUNDS |
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|
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1] Secured Loans |
|
6.298 |
0.000 |
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2] Unsecured Loans |
|
1.939 |
0.000 |
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TOTAL BORROWING |
|
8.237 |
0.000 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
|
14.857 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
3.266 |
0.000 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
2.609 |
0.000 |
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Sundry Debtors |
|
12.702 |
0.000 |
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Cash & Bank Balances |
|
6.491 |
0.002 |
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Other Current Assets |
|
2.270 |
0.000 |
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Loans & Advances |
|
7.352 |
0.000 |
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Total
Current Assets |
|
31.424 |
0.002 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
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|
0.000 |
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Other Current Liabilities |
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|
0.000 |
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Provisions |
|
3.022 |
0.000 |
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Total
Current Liabilities |
|
19.912 |
0.000 |
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Net Current Assets |
|
11.512 |
0.002 |
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MISCELLANEOUS EXPENSES |
|
0.079 |
0.098 |
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TOTAL |
|
14.857 |
0.100 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
|
59.819 |
0.000 |
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Other Income |
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TOTAL |
|
59.819 |
0.000 |
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Less |
EXPENSES |
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Office Expenses |
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|
0.000 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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58.291 |
0.000 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.528 |
0.000 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.605 |
0.000 |
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PROFIT BEFORE
TAX |
|
0.923 |
0.000 |
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Less |
TAX |
|
0.303 |
0.000 |
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PROFIT AFTER TAX
|
|
0.620 |
0.000 |
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Earnings Per
Share (Rs.) |
|
10.33 |
0.00 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
85.000 |
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Expected Sales (2012-2013): More than Rs.100.000 millions
The above information has been parted by Mr. Aman Jain (Manager).
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
1.04 |
0.00 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.66 |
0.00 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.14 |
0.00 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
4.25 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.58 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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4) Premises details |
No |
|
5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
Yes |
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12) Profitability for last two years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
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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) PAN of Proprietor/Partner/Director, if available |
No |
|
32) Passport No of Proprietor/Partner/Director, if available |
No |
|
33) Voter ID No of Proprietor/Partner/Director, if available |
No |
Note:
Subject was established in the year 1979 as a
proprietorship firm with the name of “Jaypee Footwear Company”. In 2010 it got
converted into private limited with the name of “Jaypee Footwear Private Limited”.
OPERATIONS AND PROGRESS:
The Company is in
the process to take up new assignments The Gross Receipts of the company during
the period is Rs.58.523 millions in comparison to immediate preceding year's
Gross Receipt Rs. NIL. Directors are very hopeful and ensured about he
successful completion of new assignments
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U19201MP2010PTC023199 |
|
Name of the
company |
JAYPEE FOOTWEAR PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-Mail: profca2009@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
Bank of E-Mail: Gwalior.Bhopal@bankofindia.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation cum
Loan Agreement |
|
Date of
instrument Creating the charge |
11.04.2011 |
|
Amount secured by
the charge |
Rs.7.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per Agreement Terms of
Repayment: As per Agreement Margin: As per Agreement Extent and
Operation of the charge: As per Agreement |
|
Short particulars
of the property charged |
All tangible
moveable machineries and plant (both present and future) whether installed or
not, particulars of which are disclosed in part of Schedule II of the
Agreement. |
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.55.44 |
|
|
1 |
Rs.87.12 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
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 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.