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 # |
10-022917 |
||
|
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 |
18 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 |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
181,949,000 |
Current Liabilities |
47,249,000 |
|
Inventories |
51,832,000 |
Long-term Liabilities |
150,990,000 |
|
Fixed Assets |
15,201,000 |
Other Liabilities |
3,131,000 |
|
Deferred Assets |
712,000 |
Total Liabilities |
201,370,000 |
|
Invest& other Assets |
3,500,000 |
Retained Earnings |
40,266,000 |
|
|
|
Net Worth |
51,824,000 |
|
Total Assets |
253,194,000 |
Total Liab. & Equity |
253,194,000 |
|
Total Assets (Previous Year) |
232,518,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
-- |
Net Profit |
-- |
|
Total Income (Previous yr) |
760,618,000 |
Net Profit(Prev.yr) |
3,307,000 |
MIRA INFORM REPORT
|
Report Date : |
29.04.2013 |
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) : |
31.03.2012 |
|
|
|
|
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 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having
satisfactory track record. 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. Current year profit and loss account is not available. |
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) |
|
India |
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 : |
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 29.09.2012
|
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 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899MP1995PTC022917 |
JABALPUR
ENTERPRISES PRIVATE LIMITED |
Director |
04-07-03 |
04-07-03 |
- |
Active |
NO |
|
2 |
U51397MP1997PTC012431 |
NAAGAL
GARMENT INDUSTRIEZ PRIVATE LIMITED |
Director |
01-12-04 |
01-12-04 |
01-04-08 |
Active |
NO |
|
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 : |
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 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Lakhan Lal Agarwal |
262980 |
|
Abhishek Agarwal |
43830 |
|
Mohanlal Agarwal |
262980 |
|
Benu Agarwal |
262980 |
|
Shalini Agarwal |
262980 |
|
Naagal Garment Industries Private Limited, India |
60000 |
|
TOTAL
|
1155750 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
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 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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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 31.03.2012
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. 11.558
Millions |
|
|
|
|
|
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 |
11.558 |
11.558 |
11.557 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.266 |
35.903 |
32.596 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
51.824 |
47.461 |
44.153 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.237 |
58.595 |
47.153 |
|
|
2] Unsecured Loans |
106.753 |
91.616 |
66.555 |
|
|
TOTAL BORROWING |
150.990 |
150.211 |
113.708 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
202.814 |
197.672 |
157.861 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.201 |
15.975 |
10.792 |
|
|
Capital work-in-progress |
3.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.712 |
0.570 |
0.410 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
51.832
|
45.674
|
31.977
|
|
|
Sundry Debtors |
164.863
|
153.467
|
124.166
|
|
|
Cash & Bank Balances |
3.003
|
4.905
|
4.001
|
|
|
Other Current Assets |
2.747
|
8.705
|
7.705
|
|
|
Loans & Advances |
11.336
|
3.222
|
6.462
|
|
Total
Current Assets |
233.781
|
215.973 |
174.311 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
38.387
|
31.319
|
23.605
|
|
|
Other Current Liabilities |
8.862
|
1.875
|
2.631
|
|
|
Provisions |
3.131
|
1.652
|
1.442
|
|
Total
Current Liabilities |
50.380
|
34.846 |
27.678 |
|
|
Net Current Assets |
183.401
|
181.127
|
146.633
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
202.814 |
197.672 |
157.861 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
760.618 |
689.697 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
755.784 |
685.763 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
755.784 |
685.763 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
4.834 |
3.934 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.527 |
1.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
3.307 |
2.674 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.86 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.43
|
0.39
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.08
|
2.13
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.10
|
0.09
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.91
|
3.16
|
2.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.64
|
6.20
|
6.30
|
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 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and advances from Related Parties |
99.306 |
91.616 |
|
ICICI HFC Limited, Jabalpur |
0.629 |
0.000 |
|
Magma Fincorp Limited |
0.000 |
0.000 |
|
Tata Capital Limited (Mumbai) |
6.818 |
0.000 |
|
|
|
|
|
TOTAL |
106.753 |
91.616 |
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
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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
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.