1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
JD ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
MR. SHEERANJ VAYALERI |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. RAM JETHANAND TANWANI |
|
|
|
Registration # |
11-155848 |
|
Street Address |
I 2/1 TO 6, SAGAR COMPLEX, NASHIK HIGHWAY, OVALI VILLAGE, OPPOSITE
H.P. PETROL PUMP, TALUKA BHIWANDI – 421 302, MAHARASHTRA |
||
|
Established Date |
02.09.2005 |
SIC Code |
-- |
|
Telephone# |
91-251-320226/ 3202227 |
Business Style 1 |
DISTRIBUTOR |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
-- |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
ELECTRONIC APPLIANCES |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.8,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS – 100% |
Banking |
THE KALYAN JANATA SAHAKARI BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
8 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
107,800,000
|
Current Liabilities |
90,250,000
|
|
Inventories |
23,617,000
|
Long-term Liabilities |
24,474,000 |
|
Fixed Assets |
9,418,000 |
Other Liabilities |
5,724,000
|
|
Deferred Assets |
83,000 |
Total Liabilities |
120,448,000 |
|
Invest& other Assets |
562,000 |
Retained Earnings |
13,032,000 |
|
|
|
Net Worth |
21,032,000 |
|
Total Assets |
141,480,000 |
Total Liab. & Equity |
141,480,000 |
|
Total Assets (Previous Year) |
110,343,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
507,574,000 |
Profit Before Tax |
5,697,000 |
|
Sales(Previous yr) |
422,041,000 |
Profit Before Tax
(Prev.yr) |
5,301,000 |
|
Report Date : |
23.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JD ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
I 2/1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite
H.P. Petrol Pump, Taluka Bhiwandi – 421 302, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-155848 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.8.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH2005PTC155848 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ05722D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of all types of Electronic Appliances. |
|
|
|
|
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 84000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitment. 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 – 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 |
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 : |
I 2/1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P.
Petrol Pump, Taluka Bhiwandi – 421 302, Maharashtra, India |
|
Tel. No.: |
91-251-320226/ 3202227 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
DIRECTORS
As on 30.09.2012
|
Name : |
Mr. Sheeranj Vayaleri |
|
Designation : |
Director |
|
Address : |
201, Abhishek, Ambika Nagar, M.G. Road, Dombivali (West), Thane – 421
201, Maharashtra, India |
|
Date of Appointment : |
02.09.2005 |
|
DIN No.: |
02999138 |
|
|
|
|
Name : |
Mr. Ram Jethanand Tanwani |
|
Designation : |
Director |
|
Address : |
2nd Floor, Bharat Palace, Gol Maidan, Ulhash Nagar, Thane –
421 001, Maharashtra, India |
|
Date of Birth/ Age : |
22.07.1969 |
|
Date of Appointment : |
02.09.2005 |
|
DIN No.: |
03033552 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sheeranj Vayaleri |
250000 |
|
Ram Jethanand Tanwani |
250000 |
|
Total |
500000 |
As on 30.09.2012
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of all types of Electronic Appliances. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
The Kalyan Janata Sahakari Bank Limited, Niharika, Valli Peer Road, Opposite Railway
Station, Kalyan (West), Thane – 421 301, Maharashtra, India ·
Standard
Chartered Bank ·
Barclays
Bank ·
HDFC
Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
·
Bajaj
Finance Limited ·
Religare
Finance Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Bijlani and Associates Chartered Accountants |
|
Address : |
4/5 Sacdev Complex, Near Telephone Exchange, Ulhas Nagar, Thane – 421
001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEWPB5926L |
CAPITAL STRUCTURE
After 30.09.2012
Authorised Capital : Rs.10.000 millions
Issued, Subscribed & Paid-up Capital : Rs.5.000
millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000
millions |
|
|
|
|
|
Reconciliation
of the shares outstanding at the beginning
and at the end of the reporting period:
|
Equity
shares |
As at 31st March, 2012 |
|
|
No. of Shares |
Amount (Rs. in
millions) |
|
|
Shares outstanding at the
beginning of the year |
500000 |
5.000 |
|
Shares Issued during the
year |
300000 |
3.000 |
|
Shares outstanding at the end of the year |
800000 |
8.000 |
Term/rights
attached to equity shares:
The company has only one class
of equity shares having a par value of Rs.10/- per share. Each holder of equity
shares is entitled to one vote per share. The company declares and pays
dividends in Indian Rupees. The dividend proposed by the Board of Directors.
During the year 31st
March 2012, the amount of per share dividend recognized as distributions to
equity shareholders was Rs. Nil
In the event of liquidation
of the company, the holders of equity shares will be entitled to receive
remaining assets of the company, after distribution of all preferential
amounts. The distribution will be in proportion to the number of equity shares
held by the shareholders.
Details of shareholders holding more than 5% share in the company:
|
Equity
shares of Rs.10/- each fully paid up |
As at 31st March, 2012 |
|
|
No. of Shares |
Percentage |
|
|
Ram Jethanand Tanwani |
400000 |
50.00% |
|
Sheeranj Vayaleri |
400000 |
50.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.032 |
9.059 |
5.508 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.032 |
14.059 |
10.508 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.528 |
11.617 |
19.253 |
|
|
2] Unsecured Loans |
13.946 |
14.815 |
10.550 |
|
|
TOTAL BORROWING |
24.474 |
26.432 |
29.803 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.506 |
40.491 |
40.311 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.418 |
3.338 |
1.880 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.499 |
0.499 |
0.499 |
|
|
DEFERRED TAX ASSETS |
0.083 |
0.015 |
0.001 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.617
|
28.991 |
24.759 |
|
|
Sundry Debtors |
98.826
|
69.964 |
18.405 |
|
|
Cash & Bank Balances |
1.314
|
0.606 |
0.256 |
|
|
Other Current Assets |
0.510
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.150
|
6.898 |
4.282 |
|
Total
Current Assets |
131.417
|
106.459 |
47.702 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.398
|
19.856 |
7.589 |
|
|
Other Current Liabilities |
72.852
|
46.764 |
0.731 |
|
|
Provisions |
5.724
|
3.232 |
1.483 |
|
Total
Current Liabilities |
95.974
|
69.852 |
9.803 |
|
|
Net Current Assets |
35.443
|
36.607 |
37.899 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.063 |
0.032 |
0.032 |
|
|
|
|
|
|
|
|
TOTAL |
45.506 |
40.491 |
40.311 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
507.574 |
422.041 |
249.139 |
|
|
|
Other Income |
NA |
49.881 |
16.764 |
|
|
|
TOTAL (A) |
NA |
471.922 |
265.903 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
NA |
(4.232) |
(0.691) |
|
|
|
Cost of Goods Sold |
NA |
455.212 |
252.324 |
|
|
|
Administrative, Operative and Other Expenses |
NA |
9.219 |
6.793 |
|
|
|
TOTAL (B) |
NA |
460.199 |
258.426 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.229 |
11.723 |
7.477 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.656 |
6.236 |
5.173 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.573 |
5.487 |
2.304 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.876 |
0.186 |
0.084 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.697 |
5.301 |
2.220 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
1.750 |
0.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
3.551 |
1.458 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
9.059 |
5.508 |
4.050 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
9.059 |
5.508 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
7.10 |
2.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.75 |
0.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.12
|
1.26 |
0.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.05
|
4.83 |
4.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.38 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.16
|
1.88 |
2.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.52 |
4.87 |
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
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 |
|
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 |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
From Directors
and Relatives |
13.946 |
14.815 |
|
Total |
13.946 |
14.815 |
Note:
The registered office of the company has been shifted from I 2/1 to 6, Sagar
Complex, Nashik Highway, Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi,
Bhiwandi – 421 302, Maharashtra to the present address w.e.f.
15.11.2009.
FIXED ASSETS:
·
Land Property
·
Pickup Vans
·
Computer
·
Furniture and Fixtures
·
Vehicles
·
Inverter and Battery
·
Printer
·
Generator
·
Mobile
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 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.54.17 |
|
|
1 |
Rs.82.45 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.