|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
JUBILANT AGRI AND CONSUMER PRODUCTS LIMITED (w.e.f. 10.05.2011) |
|
|
|
|
Formerly Known
As : |
JUBILANT AGRI CONSUMER PRODUCTS PRIVATE LIMITED (w.e.f.06.05.2011) JUBILANT AGRI AND RETAIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1A, Sector 16A, Institutional Area, Noida 201301, Uttar
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.08.2008 |
|
|
|
|
Com. Reg. No.: |
035862 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52100UP2008PLC035862 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTJ01317B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC4657M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Operates Hypermarkets that offer agriculture and consumer products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to Commence Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2008. It has not yet
commenced its business operations payments are unknown. The company can be considered for business dealings on a safe and secured
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) |
|
India |
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 : |
Plot No. 1A, Sector 16A, Institutional Area, Noida 201301, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4361867 |
|
E-Mail : |
|
|
Website : |
www.jubilantindustries.com |
DIRECTORS
AS ON 19.08.2011
|
Name : |
Mr. Ananda Mukherjee |
|
Designation : |
Director |
|
Date of Birth/Age : |
10.09.1959 |
|
Date of Appointment : |
29.01.2011 |
|
|
|
|
Name : |
Mrs. Sonia Niranjan Das |
|
Designation : |
Director |
|
Date of Birth/Age : |
20.09.1975 |
|
Date of Appointment : |
29.01.2011 |
|
|
|
|
Name : |
Mr. Zeeshan Akhtar |
|
Designation : |
Director |
|
Date of Birth/Age : |
13.11.1980 |
|
Date of Appointment : |
21.08.2008 |
|
|
|
|
Name : |
Mr. Tarannum Sayeed |
|
Designation : |
Director |
|
Date of Birth/Age : |
07.05.1973 |
|
Date of Appointment : |
01.09.2008 |
|
|
|
|
Name : |
Mr. Sandeep Shaw |
|
Designation : |
Director |
|
Date of Birth/Age : |
08.09.1968 |
|
Date of Appointment : |
21.03.2011 |
|
|
|
|
Name : |
Mr. Sanjay Das |
|
Designation : |
Director |
|
Date of Birth/Age : |
11.08.1964 |
|
Date of Appointment : |
21.03.2011 |
|
|
|
|
Name : |
Mr. Hari S Bhartia |
|
Designation : |
Director |
|
Date of Birth/Age : |
28.12.1956 |
|
Date of Appointment : |
09.05.2011 |
|
|
|
|
Name : |
Mr. Priyavrat Bhartia |
|
Designation : |
Director |
|
Date of Birth/Age : |
04.10.1976 |
|
Date of Appointment : |
09.05.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.08.2011
|
Names of Shareholders |
No. of Shares |
|
Jubilant Industries Limited, India |
49993 |
|
Jubilant Industries Limited J/W Mukherjee |
1 |
|
Jubilant Industries Limited J/W Bishta C Prakash |
1 |
|
Jubilant Industries Limited J/W Shaw K Sandeep |
1 |
|
Jubilant Industries Limited J/W Sanjay Das |
1 |
|
Jubilant Industries Limited J/W Lalit Jain |
1 |
|
Jubilant Industries Limited J/W Arun |
1 |
|
Jubilant Industries Limited J/W Ashwani |
1 |
|
Total |
50000 |
LIST OF ALLOTTEE
AS ON 09.03.2012
|
Names of Shareholders |
No. of Shares |
|
Jubilant Industries Limited |
1648817 |
AS ON 19.08.2011
|
Equity Share Breakup
|
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Operates Hypermarkets that offer agriculture and consumer products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Corporation Bank, Hindustan Times Building, 10th Floor,
18/20, K G Marg, Cannaught Place, New Delhi 110001, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Umesh Lamba and Company Chartered Accountant |
|
Address : |
25 M G Marg, Civil Lines, Allahbad 211001, Uttar Pradesh, India |
|
|
|
|
Holding Company : |
Jubilant Industries Limited |
CAPITAL STRUCTURE
AS ON 19.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10 each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10 each |
Rs.0.500 million |
|
|
|
|
|
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 |
0.500 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.031) |
0.000 |
0.000 |
|
|
NETWORTH |
0.469 |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.469 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.480
|
0.089 |
0.091 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
0.480
|
0.089 |
0.091 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.011
|
0.000 |
0.000 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
0.011
|
0.000 |
0.000 |
|
|
0Net Current Assets |
0.469
|
0.089 |
0.091 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.011 |
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
0.469 |
0.100 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
0.031 |
|
|
|
TOTAL (B) |
|
|
0.031 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(0.031) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(0.031) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
(0.031) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
(0.031) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.45)
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06)
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
43.63
|
0.00 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Registered office of the company has been shifted from B 1696/1 GTB Nagar, Kareli, Allahabad 211016, Uttar Pradesh, India to the present address w.e.f. 21.02.2011
FORM 8
|
Corporate
identity number of the company |
U52100UP2008PLC035862 |
|
Name of the
company |
JUBILANT AGRI AND CONSUMER PRODUCTS LIMITED (w.e.f. 06.05.2011) |
|
Address of the
registered office or of the principal place of business in |
Plot No. 1A, Sector 16A, Institutional Area, Noida 201301, Uttar Pradesh,
India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Corporation Bank, Hindustan Times Building, 10th Floor, 18/20,
K G Marg, Cannaught Place, New Delhi 110001, India Email: cb447@corpbanks.co.in
|
|
Nature of
instrument creating charge |
Common deed of
Hypothecation of Movables/Assets/Debts dated 09.03.2012 |
|
Date of
instrument Creating the charge |
09.03.2012 |
|
Amount secured by
the charge |
Rs. 200.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanctioned
terms and conditions vide letter dated 08.03.2012. Terms of repayment As per sanctioned
terms and conditions vide letter dated 08.03.2012. Margin As per sanctioned
terms and conditions vide letter dated 08.03.2012. Extent and operation of the charge As per sanctioned
terms and conditions vide letter dated 08.03.2012. Other As per sanctioned
terms and conditions vide letter dated 08.03.2012. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
Inventory and Receivables of the Company. |
|
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 |
No |
|
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 |
-- |
|
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) |
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Intl
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 companys 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.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared by
: |
PRL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
12 |
This score serves as a reference to assess SCs 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.