1. Summary Information
|
|
|
Country |
|
|
Company Name |
JUPITER INTERNATIONAL LIMITED |
Principal Name 1 |
MR. ALOK GARODIA |
|
Status |
Moderate |
Principal Name 2 |
MR. RAJ KUMAR GARODIA |
|
|
|
Registration # |
21-031668 |
|
Street Address |
30, |
||
|
Established Date |
08.09.1978 |
SIC Code |
-- |
|
Telephone# |
91-33-40159037 |
Business Style 1 |
IMPORTERS |
|
Fax # |
Not Available |
Business Style 2 |
DISTRIBUTORS |
|
Homepage |
Product Name 1 |
COMPUTER PERIPHERALS |
|
|
# of employees |
Not Available |
Product Name 2 |
COMPUTER PARTS |
|
Paid up capital |
Rs.119,181,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate-71.34% Directors Or Relatives Of Directors-28.33% Others-0.33% |
Banking |
STATE BANK OF |
|
Public Limited Corp. |
Yes |
Business Period |
35 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
|
Jupiter Solar Power Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
NA
|
Current Liabilities |
NA
|
|
Inventories |
NA
|
Long-term Liabilities |
NA |
|
Fixed Assets |
NA |
Other Liabilities |
NA
|
|
Deferred Assets |
NA |
Total Liabilities |
NA |
|
Invest& other Assets |
NA |
Retained Earnings |
NA |
|
|
|
Net Worth |
NA |
|
Total Assets |
NA |
Total Liab. & Equity |
NA |
|
Total Assets (Previous Year) |
1841,527,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1861,305,000 |
Net Profit |
(271,049,000) |
|
Sales(Previous yr) |
2235,452,000 |
Net Profit(Prev.yr) |
30,344,000 |
|
Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUPITER INTERNATIONAL LIMITED (16.07.2003) |
|
|
|
|
Formerly Known
As : |
JUPITER INFOSYS LIMITED |
|
|
|
|
Registered
Office : |
30, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.09.1978 |
|
|
|
|
Com. Reg. No.: |
21-031668 |
|
|
|
|
Paid-up Capital
: |
Rs. 119.181 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB1978PLC031668 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALJ02226A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ6956B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited
Liability Company |
|
|
|
|
Line of Business
: |
Importers, Distributors and Traders of Computer Hardware and
Peripherals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a Moderate track record.
These appears huge loss during the year 2011-2012 recorded by the company. The
balance sheet for the current year is not available. However, trade relations
are reported as 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities ; BBB |
|
Rating Explanation |
Having moderate degree of safety regarding timely securing of
financial obligation it carry moderate credit risk |
|
Date |
January 2013 |
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
|
Registered Office : |
30, |
|
Tel. No.: |
91-33-22121406/ 1407/ 1408/ 1409/ 1410/ 22373660/ 22379410/ 22372596
/7 /8 /9 /10/ 40159000 |
|
Fax No.: |
91-33–22258232/ 24761665/ 22121404/ 40159037 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
2728 sq.ft. |
|
Location: |
Leased (Commercial ) |
|
|
|
|
Head / Corporate Office : |
Unnayanam,20-A, |
|
Tel. No.: |
91-33-40159000 |
|
Fax No.: |
91-33-40159037 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
·
30, ·
3 and 4, ·
Kybian Warehouse, ·
4, ·
12, Gopeswar, Ground Floor, ·
J. Jalaman Complex, ·
Sai Prasad, Flat No. 5, Nav Ghar, Opposite Kirana
Hotel, Vasai, District Thane – 400 102, Maharashtra, India ·
Above Ingole Kiran Bhandar, Behind Gulshan Petrol
Pump, Plot No. 51, Amarawati Road, Wadi, Nagpur, Maharashtra, India ·
B/4, ·
207, Shakuntala Apartments, 59, ·
Bunglow No. 2, Satellite Complex, Opposite Mansi
Tower, Prem Chand Nagar Road, Ahmedabad – 380 015, Gujarat, India ·
Sri. R. B. Complex (1st and 2nd
Floor), 4 and 5 Poojari Cheluvaiah Lane, ·
92, Navyug Market, ·
SDMC, Electronic Division, 84/86, ·
1-8-32/61/21, Bapu Bagh Colony, ·
3/3, South Tukoganj, Near ·
Mittal Complex, 2nd Floor, Teghani
Naka, ·
Godown No. 3, Transport Nagar, ·
Jain Gali, ·
Plot No. A/11, Saheed Nagar, ·
17, Goyal Row House, Opposite T. V. Tower,
Thaltej, Ahmedabad - 380 054, ·
Sri Ramabhadra Complex, 4 and 5, P. C. Lane, SJP
Road Cross, 1st & 2nd Floor, Bangalore - 560 002,
Karnataka, India ·
8, ·
1, Nallathambi Street, Ground Floor, Near Anna
Statue, Mount Road, Chennai - 600 002, Tamilnadu, India ·
557, Chira Bazar, 1st Floor, Above ·
·
House # 802 / 8, ·
House # 682, ·
A-97, Shardapuri, ·
B-1, ·
G-3, |
|
|
|
|
Branch office : |
Located at ·
Ahmedabad ·
Chennai ·
Hubli ·
·
Lidhiana ·
·
·
·
·
·
Kolkata ·
·
·
·
·
Guwahati ·
Jaipur ·
·
Mumbai ·
Pune ·
Secunderabad ·
|
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Alok Garodia |
|
Designation : |
Managing Director |
|
Address : |
“Unnayanam”, 20A, |
|
Qualification : |
B.Com |
|
Date of Birth/Age : |
25.05.1965 |
|
Date of Appointment : |
26.09.1996 |
|
Election Commission Identity Card No.: |
WB / 23 / 146 / 384634 |
|
DIN No.: |
00081848 |
|
|
|
|
Name : |
Mr. Raj Kumar Garodia |
|
Designation : |
Whole Time Director |
|
Address : |
52/1, |
|
Qualification : |
CA Higher Secondary |
|
Date of Birth/Age : |
09.01.1940 |
|
Date of Appointment : |
02.12.2002 |
|
Election Commission Identity Card No.: |
WB / 23 / 146 / 384632 |
|
DIN No.: |
00552210 |
|
|
|
|
Name : |
Mr. Lalit Prakash Bhartia |
|
Designation : |
Whole Time Director |
|
Address : |
2142, Hal, 2nd Stage, 16th Main First B Cross, |
|
Date of Birth/Age : |
09.06.1961 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00273723 |
|
|
|
|
Name : |
Mr. Sujit Sen |
|
Designation : |
Additional Director |
|
Address : |
50, |
|
Date of Birth/Age : |
03.11.1951 |
|
Date of Appointment : |
29.03.2008 |
|
Din No : |
01248228 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Raj Garodia |
573600 |
|
Sushila Garodia |
448000 |
|
Alok Garodia |
701998 |
|
Anju Garodia |
385000 |
|
Sangita Bhartia |
114000 |
|
Raj Kumar Garodia (HUF) |
682860 |
|
Stuti Tie-Up Private Limited, |
2750000 |
|
Archana Bagaria |
16600 |
|
Dayanidhi Management Private Limited, |
5780700 |
|
Alok Garodia (HUF) |
442500 |
|
Lalit Prakash Bhartia |
10050 |
|
Kanupriya Bhartia |
2500 |
|
Shreya Bhartia |
2500 |
|
Bina Bukrediwala |
10000 |
|
Gauri Shanker Garodia |
5000 |
|
Gauri Shanker Garodia (HUF) |
5000 |
|
Dhruv Sharma |
50 |
|
Hirdejit Singh Chahal |
50 |
|
Vishnu Dutt Malik |
2550 |
|
Akash Garodia |
25200 |
|
Total |
11958158 |
Equity
Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
71.34 |
|
Directors or relatives of Directors |
28.33 |
|
Other |
0.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Distributors and Traders of Computer Hardware and
Peripherals. |
||||||||
|
|
|
||||||||
|
Products : |
·
Computer Monitors ·
Computer Printers ·
Floppy Diskettes and Peripherals
|
||||||||
|
|
|
||||||||
|
Brand Names : |
“AMS”, “FRONTECH”, “FULLMARK”, “GENIUS”, “IMATION”, “LG”, “SAMSUNG”,
“SEAGATE”, “VIA”, “ASROCK”, “PLEOMAX” |
||||||||
|
|
|
||||||||
|
Agencies Held : |
·
Fullmark Pte Limited, ·
Distributors for Inke ·
E-Sys distribution Pte. Limited ·
Distributors of Benq-CDR ·
Seagate Technologies International ·
Samsung Asia Pte. Limited ·
LG Premium Partners ·
Channel Partners of Asus ·
Imation Singapore Pte Limited, ·
Avnet Limited, ·
Karma Distribution ( ·
Kye Systems Corporation, ·
LG Electronics ( ·
VIA Technologies Inc., ·
|
||||||||
|
|
|
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
|
Installed
Capacity* |
Actual
Production |
|
Computer Peripherals, Part and Consumables |
Pcs. |
|
77760000 |
71999986 |
|
|
|
|
|
|
*(As certified
by the Management and on which Auditors have placed reliance, this being a
technical matter)
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
·
State Bank of Account No : 01600050132 ·
The Bank of Rajasthan Limited, 6, ·
The Bank of Rajasthan Limited, ·
Centurion Bank Limited, Shah House, P-34, ·
Standard Chartered Grindlays Bank Limited, 19, ·
HDFC Bank, Dalhausie Branch, Kolkata, West ·
Allahabad Bank, Industrial Finance Branch, 17, |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Chhaparia and Associates Chartered Accountants |
|
Address : |
|
|
PAN No.: |
AADFC1689C |
|
|
|
|
Name : |
Ashok Kumar Duggar and Associates Chartered Accountants |
|
Address : |
Marshal House, 33/1, |
|
PAN No.: |
AAIFA2371A |
|
|
|
|
Subsidiaries : |
·
Jupiter Solar Power Limited, (CIN No.:
U52392WB2006PLC111250) ·
Dayanidhi Management Private Limited, (CIN No :
U74140WB1994PTC062774) ·
Jupiter Infrapower Limited, (CIN No.: U45400WB2008PLC122807) ·
Stuti Tie- Up Private Limited, (CIN No : U51909WB1994PTC066026) |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15500000 |
Equity Shares |
Rs. 10/-each |
Rs. 155.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11958158 |
Equity Shares |
Rs. 10/-each |
Rs. 119.581 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
119.581 |
119.182 |
|
|
2] Share Application Money |
|
0.000 |
4.000 |
|
|
3] Reserves & Surplus |
|
493.870 |
468.592 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
613.451 |
591.774 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
456.743 |
345.092 |
|
|
2] Unsecured Loans |
|
284.350 |
200.100 |
|
|
TOTAL BORROWING |
|
741.093 |
545.192 |
|
|
DEFERRED TAX LIABILITIES |
|
4.478 |
4.288 |
|
|
|
|
|
|
|
|
TOTAL |
|
1359.022 |
1141.254 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
253.233 |
297.804 |
|
|
Capital work-in-progress |
|
191.525 |
17.923 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
294.553 |
324.450 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
474.897 |
249.652
|
|
|
Sundry Debtors |
|
266.760 |
170.893
|
|
|
Cash & Bank Balances |
|
75.845 |
99.512
|
|
|
Other Current Assets |
|
48.305 |
76.008
|
|
|
Loans & Advances |
|
236.363 |
205.508 |
|
Total
Current Assets |
|
1102.170 |
801.573 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
247.544
|
|
|
Other Current Liabilities |
|
482.505 |
52.385
|
|
|
Provisions |
|
0.000 |
0.659
|
|
Total
Current Liabilities |
|
482.505 |
300.588 |
|
|
Net Current Assets |
|
619.665 |
500.985 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.046 |
0.092 |
|
|
|
|
|
|
|
|
TOTAL |
|
1359.022 |
1141.254 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1861.305 |
2235.452 |
1891.002 |
|
|
|
Other Income |
8.740 |
61.564 |
0.412 |
|
|
|
TOTAL (A) |
1870.045 |
2297.016 |
1891.414 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
0.000 |
0.000 |
1217.694 |
|
|
|
Cost of material consumed |
276.001 |
214.634 |
200.793 |
|
|
|
Purchase of stock in trade |
1120.451 |
1752.854 |
0.000 |
|
|
|
Changes in inventories |
151.218 |
(173.020) |
0.000 |
|
|
|
Employee benefit expense |
105.672 |
105.087 |
91.497 |
|
|
|
Manufacturing, Admin, and office expenses |
0.000 |
0.000 |
212.979 |
|
|
|
Loss/ (Profit) on Foreign Exchange Fluctuations |
0.000 |
0.000 |
(17.415) |
|
|
|
Preliminary Expenses Written Off |
0.000 |
0.000 |
0.233 |
|
|
|
Other Expense |
311.165 |
252.044 |
36.456 |
|
|
|
TOTAL (B) |
1964.507 |
2151.599 |
1742.237 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(94.462) |
145.417 |
149.177 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
108.185 |
66.702 |
50.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(202.647) |
78.715 |
99.060 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
68.402 |
48.371 |
48.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(271.049) |
30.344 |
50.569 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(3.484) |
8.666 |
8.944 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(267.565) |
21.678 |
41.625 |
|
|
|
|
|
|
|
|
|
Add |
MAT Credit
Entitlement |
0.000 |
0.000 |
4.198 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
300.252 |
278.573 |
232.751 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.687 |
300.251 |
278.574 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.000 |
0.000 |
33.114 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
33.114 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
0.000 |
0.000 |
1163.869 |
|
|
|
Raw Materials |
203.805 |
242.588 |
93.954 |
|
|
|
Stores & Spares |
56.561 |
5.024 |
8.506 |
|
|
|
Capital Goods |
0.000 |
134.978 |
1.769 |
|
|
TOTAL IMPORTS |
260.366 |
382.590 |
1268.098 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
(22.38) |
1.82 |
3.51 |
|
|
|
Diluted |
(22.38) |
1.82 |
3.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(14.37)
|
0.97 |
2.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(14.49)
|
1.32 |
2.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
2.24 |
4.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.05 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
1.21 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00
|
2.28 |
2.67 |
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 |
Yes |
|
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 |
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 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS :
Rs. In Millions
|
Particulars |
31.03.2011 |
|
Rupee Term Loan |
284.350 |
|
Total |
284.350 |
Bankers Charges Report as per Registry :
|
Corporate
identity number of the company |
U51109WB1978PLC031668 |
|
Name of the
company |
JUPITER INTERNATIONAL LIMITED |
|
Address of the
registered office or of the principal place of business in |
30, E-Mail: surendra.gupta@jil-jupiter.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Floating Charge |
|
Particular of
charge holder |
State bank of Email : sbiobcal@cal3.vsnl.net.in |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Corporate
Guarantee |
|
Date of instrument
Creating the charge |
15.11.2012 |
|
Amount secured by
the charge |
Rs.451.900
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per the terms
of Sanction of the member banks of the Working Capital Consortium and
agreed/accepted by M/s. Jupiter Solar Power Limited (the Borrower). Terms of Repayment: As per the terms
of Sanction of the member banks of the Working Capital Consortium and agreed/accepted
by M/s. Jupiter Solar Power Limited (the Borrower). Margin: As per the terms
of Sanction of the member banks of the Working Capital Consortium and
agreed/accepted by M/s. Jupiter Solar Power Limited (the Borrower). Extent and Operation of the charge: The charge
operates as floating charge basis on various assets which are taken into
consideration for arriving at the net worth of the Company. The Company has
not created charge on any specific asset, however the floating charge so
created to be fixed/ crystalised as per the terms of sanction and
agreed/accepted by the Borrower and/Corporate Guarantor. Others: The Company
stands as a Corporate Guarantor for securing the overall limit of Rs.451.900
Millions (SBI Rs.239.500 Millions, Union Bank of India Rs.108.400 Millions,
OBC Rs.59.800 Millions and Corp. Bank Rs.44.200 Millions ) granted or to be
granted by the Banks (the Charge holders) to M/s. Jupiter Solar Power Limited
(the Borrower) together with interest, costs and charges thereon. |
|
Short particulars
of the property charged |
Assets which are
to be taken into consideration for arriving at the net worth of the Company. |
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 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. 54.33 |
|
|
1 |
Rs. 83.17 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.