Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
JABALPUR ENTERPRISES PRIVATE LIMITED |
Principal Name 1 |
Mr. Mohanlal Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Benu Agarwal |
|
|
|
Registration # |
10-22917 |
|
Street Address |
Naagal House, 1285 |
||
|
Established Date |
05.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-761-2410097 |
Business Style 1 |
Distributors |
|
Fax # |
91-761-4072121 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Electrical Goods |
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
11,557,500/- |
Product Name 3 |
--- |
|
Shareholders |
Bodies corporate - 5.20% Directors or relatives of directors - 94.80% |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
17 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
170,299,000 |
Current Liabilities |
33,194,000 |
|
Inventories |
45,674,000 |
Long-term Liabilities |
150,211,000 |
|
Fixed Assets |
15,975,000 |
Other Liabilities |
1,652,000 |
|
Deferred Assets |
570,000 |
Total Liabilities |
185,057,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
35,903,000 |
|
|
|
Net Worth |
47,461,000 |
|
Total Assets |
232,518,000 |
Total Liab. & Equity |
232,518,000 |
|
Total Assets (Previous Year) |
185,539,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
760,618,000 |
Net Profit |
3,307,000 |
|
Total Income (Previous yr) |
659,697,000 |
Net Profit(Prev.yr) |
2,674,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JABALPUR ENTERPRISES PRIVATE LIMITED (w.e.f. 03.07.2003) |
|
|
|
|
Formerly Known As : |
AARAMBH PORTFOLIO PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Naagal House, 1285 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
05.07.1995 |
|
|
|
|
Com. Reg. No.: |
10-022917 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.11.558 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899MP1995PTC022917 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of Electronics/Medicines/C and F Agency |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed 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 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 : |
Naagal House, 1285 |
|
Tel. No.: |
91-761-2410097 |
|
Mobile No.: |
91-9425155688 (Mr. Mohan Agarwal) |
|
Fax No.: |
91-761-4072121 |
|
E-Mail : |
|
|
Area : |
15000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
M-65, Lajpat Nagar II, New Delhi-110019, |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Mohanlal Agarwal |
|
Designation : |
Director |
|
Address: |
1285, |
|
Date of Birth/Age : |
18.01.1955 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02092740 |
|
|
|
|
Name : |
Mr. Lakhan Lal Agarwal |
|
Designation : |
Director |
|
Address: |
C-6, Anumit Enclave, |
|
Date of Birth/Age : |
20.06.1954 |
|
Date of Appointment : |
04.07.2003 |
|
DIN No.: |
00699447 |
|
|
|
|
Name : |
Mrs. Benu Agarwal |
|
Designation : |
Director |
|
Address: |
C-6, Anumit Enclave, |
|
Date of Birth/Age : |
23.09.1968 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02092750 |
|
|
|
|
Name : |
Mrs. Shalini Agarwal |
|
Designation : |
Director |
|
Address: |
H I G – 3, Sangram Colony, Satna,
|
|
Date of Birth/Age : |
04.01.1973 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02156881 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Lakhan Lal Agarwal |
262980 |
|
Abhishek Agarwal |
43830 |
|
Mohanlal Agarwal |
262980 |
|
Benu Agarwal |
262980 |
|
Shalini Agarwal |
262980 |
|
Today and Tommorow Garments Private Limited, India |
35000 |
|
Larite industries Limited, India |
5000 |
|
Komal Commercial Limited, India |
5000 |
|
IFSL Limited, India |
15000 |
|
Total |
1155750 |
AS ON 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
5.20 |
|
Directors or relatives of directors |
|
94.80 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Electronics/Medicines/C and F Agency |
|
|
|
|
Products : |
Electrical Goods |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, 124 Napier Town, Shastri Bridge Chowk,, Jabalpur - 482001, · Madhya Pradesh, India · State Bank of India · Standard Chartered Bank · Union Bank of India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Naveen Jain and Company Chartered Accountants |
|
Address : |
G-73, 2nd Floor, Lajpat Nagar I, New Delhi-110024, |
|
PAN No.: |
AAAFN2194E |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10 /- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1155750 |
Equity Shares |
Rs.10 /-
each |
Rs.11.557
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 |
11.558 |
11.557 |
11.132 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.903 |
32.596 |
21.847 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
47.461 |
44.153 |
32.979 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
58.595 |
47.153 |
51.895 |
|
|
2] Unsecured Loans |
91.616 |
66.555 |
59.992 |
|
|
TOTAL BORROWING |
150.211 |
113.708 |
111.887 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
197.672 |
157.861 |
144.866 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.975 |
10.792 |
11.790 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.002 |
|
|
DEFERREX TAX ASSETS |
0.570 |
0.410 |
0.229 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
45.674
|
31.977
|
39.782
|
|
|
Sundry Debtors |
153.467
|
124.166
|
118.538
|
|
|
Cash & Bank Balances |
4.905
|
4.001
|
8.494
|
|
|
Other Current Assets |
8.705
|
7.705
|
8.705
|
|
|
Loans & Advances |
3.222
|
6.462
|
4.868
|
|
Total
Current Assets |
215.973
|
174.311
|
180.387
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
31.319
|
23.605
|
41.403
|
|
|
Other Current Liabilities |
1.875
|
2.631
|
4.705
|
|
|
Provisions |
1.652
|
1.442
|
1.488
|
|
Total
Current Liabilities |
34.846
|
27.678
|
47.596
|
|
|
Net Current Assets |
181.127
|
146.633
|
132.791
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.026 |
0.054 |
|
|
|
|
|
|
|
|
TOTAL |
197.672 |
157.861 |
144.866 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
760.618 |
689.697 |
623.313 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
755.784 |
685.763 |
619.821 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.834 |
3.934 |
3.364 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.527 |
1.260 |
1.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.307 |
2.674 |
2.070 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.86 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.43
|
0.39
|
0.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08
|
2.13
|
1.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.09
|
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.90
|
3.20
|
4.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.20
|
6.30
|
3.79 |
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 |
|
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 |
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 |
-- |
|
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 |
NOTE:
Jabalpur Warehouse which was established on 1992 was merged with
Jabalpur Enterprises Private Limited in 1st April 2008 and Jabalpur Enterprises
was established in 1995.
NOTE:
The registered office of the company has been shifted from M-65, Lajpat
Nagar II, New Delhi – 110019, India to the present address w.e.f. 24.11.2009
FINANCIAL RESULTS
The company has
earned a net profit before tax and provision for deferred tax liability of Rs
4.834 Millions during the year under consideration as compared to profit of Rs
3.934 Millions for the year ended 31st March 2010.
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.53.46 |
|
|
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
46 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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.