|
Report Date : |
16.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
JINDAL PIPES LIMITED |
|
|
|
|
Registered
Office : |
22nd Mile Delhi- Hapur Road, PO Jindal Nagar,
Ghaziabad-201302, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.05.1970 |
|
|
|
|
Com. Reg. No.: |
20-020637 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.187.452
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101UP1970PLC020637 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ2055K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Steel Pipes and Tubes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Jindal Group. It is a well-established and reputed company having a fine track
record. Financial position of the company appears to be sound. Directors are
reported as experienced and respectable businessmen. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good for normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like situation
appears to have arisen as inflation jumped to an eight month high of 6.46 % for
the month of September. It is up from 6.10 % in August. Growth continues to be
muted with factory output plunging to 0.6% in August. Onion prices have risen
nearly 300 % from last September. Vegetables cost nearly 90 % more than they
did last year. Wake up to the economic contribution of slum dwellers. They
contribute more than 7.5 % to the country’s gross domestic product, according
to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of India
has approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A+ (Long Term Rating) |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
01.11.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ (Short Term Rating) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
01.11.2013 |
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.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office/ Factory : |
22nd Mile Delhi- Hapur Road, PO Jindal Nagar,
Ghaziabad-201302, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2677601/ 605 |
|
Fax No.: |
91-120-2677703 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Centre : |
Plot No. 30, Institutional Sector-44, Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-2574325/ 26/ 4624000 |
|
Fax No.: |
91-124-2574327 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Located at: Delhi Road, Hissar-125005, India |
DIRECTORS
AS ON 16.09.2013
|
Name : |
Mr. Dharam Pal Jindal |
|
Designation : |
Director |
|
Address : |
B-57, Greater Kailash Part-I, New Delhi-110048, India |
|
Date of Birth/Age : |
15.02.1950 |
|
Date of Appointment : |
07.11.2012 |
|
DIN No.: |
00405579 |
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 |
L27201MH1983PLC233813 |
JINDAL DRILLING AND
INDUSTRIES LIMITED |
Whole-time
director |
08/11/2012 |
17/10/1983 |
- |
Active |
NO |
|
2 |
L99999MH1988PLC080545 |
MAHARASHTRA
SEAMLESS LIMITED(TRANSFERRED FROM DELHI TO MAH |
Director |
10/05/1988 |
10/05/1988 |
- |
Active |
NO |
|
3 |
U29120DL1970PLC005281 |
JINDAL PIPES
LIMITED |
Director |
01/09/1995 |
01/09/1995 |
- |
Not Available
for eFiling |
NO |
|
4 |
U27101UP1970PLC020637 |
JINDAL PIPES
LIMITED |
Director |
07/11/2012 |
01/09/1995 |
- |
Active |
NO |
|
5 |
U08022KA2002NPL030879 |
PRAGUN JINDAL
EDUCATIONAL ORGANISATION |
Director |
28/05/2004 |
28/05/2004 |
25/11/2008 |
Active |
NO |
|
6 |
U27203KA1970PLC002806 |
JINDAL ALUMINIUM
LIMITED. |
Additional
director |
11/09/2013 |
16/08/2005 |
- |
Active |
NO |
|
7 |
U65993WB1994PLC152481 |
JINDAL GLOBAL
FINANCE AND INVESTMENT LIMITED |
Director |
30/08/2008 |
23/05/2008 |
- |
Active |
NO |
|
8 |
U14200KA2008PLC045891 |
DAKSHIN MINES
AND MINERALS LIMITED |
Director |
29/09/2009 |
07/08/2008 |
17/08/2010 |
Amalgamated |
NO |
|
9 |
U51109WB1994PLC065299 |
CRISHPARK VINCOM
LIMITED |
Director |
24/09/2009 |
25/11/2008 |
- |
Active |
NO |
|
10 |
U74999WB1995PTC154565 |
NEPTUNE
BUILDTECH PRIVATE LIMITED |
Director |
28/09/2010 |
09/06/2010 |
30/12/2010 |
Active |
NO |
|
11 |
L15492WB1916PLC002697 |
DHUNSERI
PETROCHEM AND TEA LIMITED |
Director |
02/08/2012 |
02/05/2012 |
- |
Active |
NO |
|
12 |
L01132AS1977PLC001706 |
WARREN TEA
LIMITED |
Additional
director |
09/07/2013 |
09/07/2013 |
- |
Active |
NO |
|
Name : |
Mr. Raghav Jindal |
|
Designation : |
Managing Director |
|
Address : |
B-57, Greater Kailash Part-I, New Delhi-110048, India |
|
Date of Birth/Age : |
11.01.1980 |
|
Date of Appointment : |
01.02.2005 |
|
DIN No.: |
00405984 |
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 |
L27201MH1983PLC233813 |
JINDAL DRILLING
AND INDUSTRIES LIMITED |
Managing
director |
01/01/2012 |
19/05/1998 |
- |
Active |
NO |
|
2 |
U51109WB1994PLC064822 |
SPARLERK
DEALCOMM LIMITED |
Director |
31/03/2009 |
01/01/2003 |
20/03/2013 |
Active |
NO |
|
3 |
U29120DL1970PLC005281 |
JINDAL PIPES
LIMITED |
Managing
director |
01/02/2005 |
01/02/2005 |
- |
Not Available
for eFiling |
NO |
|
4 |
U27101UP1970PLC020637 |
JINDAL PIPES
LIMITED |
Managing
director |
01/02/2010 |
01/02/2005 |
- |
Active |
NO |
|
5 |
U74991DL2006PLC148826 |
JCO GAS PIPE
LIMITED |
Director |
16/05/2006 |
16/05/2006 |
30/09/2011 |
Active |
NO |
|
6 |
U67120MH1983PLC031110 |
BRAHMA DEV
HOLDING AND TRADING LIMITED |
Director |
29/09/2009 |
12/03/2009 |
- |
Active |
NO |
|
7 |
U14200KA2008PLC045891 |
DAKSHIN MINES
AND MINERALS LIMITED |
Director |
29/09/2009 |
31/03/2009 |
17/08/2010 |
Amalgamated |
NO |
|
8 |
U10100DL2009PLC191466 |
GONDKHARI COAL
MINING LIMITED |
Director |
22/06/2009 |
22/06/2009 |
- |
Active |
NO |
|
9 |
U11101DL2009PLC193022 |
JINDAL
HYDROCARBONS LIMITED |
Director |
29/09/2010 |
11/01/2010 |
15/03/2013 |
Active |
NO |
|
10 |
U11100HR2010PLC039993 |
JINDAL
EXPLODRILL LIMITED |
Director |
27/09/2010 |
10/05/2010 |
15/03/2013 |
Active |
NO |
|
11 |
U72200WB1996PTC153567 |
SIGMA
INFRASTRUCTURE PRIVATE LIMITED. |
Director |
28/09/2010 |
09/06/2010 |
09/03/2011 |
Active |
NO |
|
12 |
U28999DL1971PLC005782 |
STEEL AND METAL
TUBES (INDIA) LIMITED |
Director |
30/09/2011 |
25/06/2011 |
- |
Active |
NO |
|
13 |
U67190UP2012PLC049090 |
JINDAL PIPES
FINANCE LIMITED |
Director |
28/02/2012 |
28/02/2012 |
- |
Active |
NO |
|
Name : |
Mr. Saket Jindal |
|
Designation : |
Director |
|
Address : |
B-57, Greater Kailash Part-I, New Delhi-110048, India |
|
Date of Birth/Age : |
09.08.1974 |
|
Date of Appointment : |
25.03.2009 |
|
DIN No.: |
00405736 |
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 |
L99999MH1988PLC080545 |
MAHARASHTRA
SEAMLESS LIMITED(TRANSFERRED FROM DELHI TO MAH |
Managing
director |
01/09/2001 |
01/09/2001 |
- |
Active |
NO |
|
2 |
U27100MH2004PTC148789 |
HYDRIL JINDAL
INTERNATIONAL PRIVATE LIMITED |
Director |
23/09/2004 |
23/09/2004 |
- |
Active |
NO |
|
3 |
L27209MH1998PLC236139 |
HARYANA CAPFIN
LIMITED. |
Director |
15/12/2006 |
12/09/2006 |
- |
Active |
NO |
|
4 |
U27101UP1970PLC020637 |
JINDAL PIPES
LIMITED |
Director |
25/09/2009 |
20/10/2008 |
- |
Active |
NO |
|
5 |
U51909WB1990PTC152482 |
ODD & EVEN
TRADES AND FINANCE PRIVATE LIMITED |
Director |
25/09/2009 |
12/03/2009 |
- |
Active |
NO |
|
6 |
U70102DL2010PTC197862 |
SRIDHI INFRA
PRIVATE LIMITED |
Director |
09/04/2010 |
09/04/2010 |
14/09/2011 |
Active |
NO |
|
7 |
U67190MH2012PLC226596 |
MAHARASHTRA
SEAMLESS FINANCE LIMITED |
Director |
08/02/2012 |
08/02/2012 |
- |
Active |
NO |
|
Name : |
Mr. Suresh Baid |
|
Designation : |
Director |
|
Address : |
91, Sainik Vihar, Pitampura, New Delhi, India |
|
Date of Birth/Age : |
11.09.1954 |
|
Date of Appointment : |
01.01.2009 |
|
DIN No.: |
00030585 |
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 |
U33205WB1984PLC037929 |
NEELANCHAL UDYOG
LIMITED |
Director |
22/10/1984 |
22/10/1984 |
- |
Active |
NO |
|
2 |
U51909DL1991PLC046869 |
JAGUAR OVERSEAS
LIMITED |
Director |
01/09/1994 |
01/09/1994 |
12/11/2009 |
Active |
NO |
|
3 |
U74899DL1974PLC007178 |
SUREKA COATED
TUBES AND SHEETS LIMITED |
Director |
16/08/2002 |
16/08/2002 |
01/12/2011 |
Active |
NO |
|
4 |
U51909WB1950PLC019254 |
THE WAXPOL
INDUSTRIES LIMITED |
Whole-time
director |
01/04/2012 |
02/06/2006 |
- |
Active |
NO |
|
5 |
L27105HR1979PLC009913 |
JINDAL STEEL AND
POWER LIMITED |
Additional
director |
30/10/2006 |
30/10/2006 |
28/09/2007 |
Active |
NO |
|
6 |
L40200WB1995PLC068251 |
EASTERN GASES
LIMITED |
Director |
31/01/2008 |
31/01/2008 |
12/11/2013 |
Active |
NO |
|
7 |
U74140DL2001PTC112464 |
V2 INSURANCE
PROFESSIONALS PRIVATE LIMITED |
Additional
director |
26/02/2008 |
26/02/2008 |
- |
Active |
NO |
|
8 |
U55101WB2008PLC129604 |
WAXPOL HOTELS
AND RESORTS LIMITED |
Director |
24/09/2008 |
24/09/2008 |
- |
Active |
NO |
|
9 |
U27101UP1970PLC020637 |
JINDAL PIPES
LIMITED |
Director |
25/09/2009 |
01/01/2009 |
- |
Active |
NO |
|
10 |
U74991DL2006PLC148826 |
JCO GAS PIPE
LIMITED |
Additional
director |
27/03/2009 |
27/03/2009 |
30/09/2009 |
Active |
NO |
|
11 |
U28999DL1971PLC005782 |
STEEL AND METAL
TUBES (INDIA) LIMITED |
Director |
30/09/2009 |
01/04/2009 |
- |
Active |
NO |
|
12 |
U67190DL2010PTC204955 |
PARITY FINSOLVE
PRIVATE LIMITED |
Director |
09/09/2011 |
01/09/2010 |
- |
Active |
NO |
|
13 |
U01111DL2010PTC210360 |
BLUEBERRY FARMS
PRIVATE LIMITED |
Director |
12/11/2010 |
12/11/2010 |
- |
Active |
NO |
|
14 |
U27109HR2003PTC035091 |
VIBHOR STEEL
TUBES PRIVATE LIMITED |
Director |
24/03/2011 |
24/03/2011 |
- |
Active |
NO |
|
15 |
U70109DL2011PTC221140 |
BAID BUILDCON
PRIVATE LIMITED |
Director |
20/06/2011 |
20/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Vinod Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
3/37, Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
19.10.1961 |
|
Date of Appointment : |
27.06.2011 |
|
DIN No.: |
00375239 |
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 |
U28999DL1971PLC005782 |
STEEL AND METAL
TUBES (INDIA) LIMITED |
Whole-time
director |
01/07/2012 |
21/04/1980 |
- |
Active |
NO |
|
2 |
U27101DL1998PTC097100 |
PROTON INDIA
PRIVATE LIMITED |
Director |
16/11/1998 |
16/11/1998 |
- |
Active |
NO |
|
3 |
U51398MH1987PTC184943 |
D GAUTAM
INTERNATIONAL PRIVATE LIMITED |
Director |
27/06/2005 |
27/06/2005 |
05/12/2007 |
Active |
NO |
|
4 |
U27203KA1970PLC002806 |
JINDAL ALUMINIUM
LIMITED. |
Director |
03/09/2010 |
06/11/2009 |
11/09/2013 |
Active |
NO |
|
5 |
U74899DL1985PTC022821 |
SIDHI VINAYAK
TUBES PRIVATE LIMITED |
Director |
28/09/2010 |
28/12/2009 |
- |
Active |
NO |
|
6 |
U27101UP1970PLC020637 |
JINDAL PIPES
LIMITED |
Director |
26/09/2011 |
27/06/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Anand Garg |
|
Designation : |
Secretary |
|
Address : |
H. No. 1331, First Floor, Sector-45, Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
26.10.1970 |
|
Date of Appointment : |
20.09.2007 |
|
PAN No.: |
AGFPG1472R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Dharam Pal Jindal (HUF) |
1290000 |
|
Dharam Pal Jindal |
58800 |
|
Saket Jindal |
1860000 |
|
Raghav Jindal |
1906820 |
|
Savita Jindal |
1062000 |
|
Crispark Vincom Limited, West Bengal, India |
1560000 |
|
Sudha Apparels Limited, West Bengal, India |
3741740 |
|
Dytop Commodeal Limited, West Bengal, India |
3738200 |
|
Jindal Global Finance and Inv. Limited, West Bengal, India |
3527640 |
|
TOTAL |
18745200 |
AS ON 16.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
67.04 |
|
Directors or relatives of Directors |
32.96 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel Pipes and Tubes. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Bikaner and Jaipur, G-72, Cannaught
Circus, New Delhi-110001, India ·
State Bank of Patiala ·
Standard Chartered Bank |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L B Jha and Company Chartered Accountant |
|
Address : |
404 and 405
Yogeshwar Building M 2, Connaught Place, India |
|
PAN No.: |
AABFL0464G |
|
|
|
|
Joint Venture : |
·
Dev Drilling Pte. Limited |
|
|
|
|
Associates : |
·
Solar Renewable Urja Private Limited |
|
|
|
|
Subsidiaries : |
·
Jindal Hydro Carbon Limited ·
Jindal Pipes Finance Limited ·
Jindal Pipes (Singapore) PTE. Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18745200 |
Equity Shares |
Rs.10/- each |
Rs. 187.452
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
187.452 |
187.452 |
187.452 |
|
(b) Reserves & Surplus |
2763.496 |
2613.403 |
2719.240 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2950.948 |
2800.855 |
2906.692 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
209.248 |
49.172 |
38.042 |
|
(b) Deferred tax liabilities (Net) |
93.419 |
118.703 |
48.493 |
|
(c) Other long term liabilities |
164.850 |
69.158 |
24.788 |
|
(d) long-term provisions |
2.708 |
3.947 |
3.591 |
|
Total Non-current Liabilities (3) |
470.225 |
240.980 |
114.914 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
586.943 |
1103.051 |
967.453 |
|
(b) Trade payables |
1174.358 |
1221.180 |
430.497 |
|
(c) Other current
liabilities |
198.183 |
169.710 |
263.114 |
|
(d) Short-term provisions |
22.235 |
0.024 |
127.420 |
|
Total Current Liabilities (4) |
1981.719 |
2493.965 |
1788.484 |
|
|
|
|
|
|
TOTAL |
5402.892 |
5535.800 |
4810.090 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1742.438 |
1731.720 |
1344.784 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
22.211 |
92.593 |
237.693 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
777.695 |
689.336 |
155.194 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33.871 |
55.537 |
236.956 |
|
(e) Other Non-current assets |
69.790 |
17.783 |
13.038 |
|
Total Non-Current Assets |
2646.005 |
2586.969 |
1987.665 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
50.563 |
0.000 |
0.000 |
|
(b) Inventories |
1089.319 |
1701.715 |
1607.874 |
|
(c) Trade receivables |
738.523 |
903.539 |
537.564 |
|
(d) Cash and cash
equivalents |
2.382 |
11.497 |
169.989 |
|
(e) Short-term loans and
advances |
814.963 |
271.213 |
428.917 |
|
(f) Other current assets |
61.137 |
60.867 |
78.081 |
|
Total Current Assets |
2756.887 |
2948.831 |
2822.425 |
|
|
|
|
|
|
TOTAL |
5402.892 |
5535.800 |
4810.090 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10538.307 |
8821.739 |
5961.121 |
|
|
|
Other Income |
51.000 |
46.990 |
65.182 |
|
|
|
TOTAL (A) |
10589.307 |
8868.729 |
6026.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6011.966 |
6490.726 |
4744.199 |
|
|
|
Purchases of stock-in-trade |
3079.692 |
1431.880 |
480.595 |
|
|
|
Employee benefit expense |
113.124 |
126.031 |
108.804 |
|
|
|
Other expenses |
644.658 |
813.936 |
563.195 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
430.443 |
(113.849) |
(349.059) |
|
|
|
TOTAL (B) |
10279.883 |
8748.724 |
5547.734 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
309.424 |
120.005 |
478.569 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
98.733 |
76.045 |
34.675 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
210.691 |
43.960 |
443.894 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.599 |
33.987 |
18.995 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
177.092 |
9.973 |
424.899 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(36.914) |
72.059 |
141.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
214.006 |
(62.086) |
283.601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
11.00 |
(3.00) |
15.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.02
|
(0.70) |
4.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.68
|
0.11 |
7.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.85
|
0.21 |
9.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.00 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27
|
0.41 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.18 |
1.58 |
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
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 |
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 |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Intercorporate Borrowings |
200.000 |
0.000 |
|
Short Term
Borrowings |
|
|
|
Loans Repayable on Demand from Banks |
92.044 |
54.360 |
|
Intercorporate Borrowings |
392.031 |
938.448 |
|
|
|
|
|
TOTAL |
684.075 |
992.808 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
80053713 |
21/05/2010 * |
750,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
G-72,, CANNAUGHT CIRCUS, NEW DELHI, DELHI
- 11000 |
A86541893 |
|
* Date of charge modification |
||||||
OPERATIONS
The Gross Turnover
of the Company during the year was Rs.11370.300 Millions against Rs 9564.300
Millions in the previous year. Profit before tax for the year was Rs.177.100
Millions s as against Rs. 9.900 Millions in the previous year. The Profit after
Tax was 214.000 Millions as against Loss after tax of Rs. 62.100 Millions in
the previous year.
OIL AND GAS EXPLORATION SERVICES
The Company has
decided to diversify its activities into the area of providing Oil and Gas
exploration services by offering deployment and operation of offshore rigs to
oil exploring companies. The proposed activities are expected to substantially
improve the operational performance of the Company
SUBSIDIARY
COMPANIES
The Company has
three subsidiary companies, namely, Jindal Hydrocarbons Limited, Jindal Pipes
(Singapore) Pte. Limited, Singapore and Jindal Pipes Finance Limited. An
Offshore jack-up rig, ordered by Jindal Pipes (Singapore) Pte. Limited is in an
advanced stage of construction at Dubai.
All three
subsidiaries of the Company namely, Jindal Hydrocarbons Limited, Jindal Pipes
(Singapore) Pte. Limited, Singapore and Jindal Pipes Finance Limited are yet to
commence their business activities.
FIXED ASSETS
·
Land Freehold
·
Building
·
Shed and Building
·
Trade Mark
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
·
Computer
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. 62.12 |
|
UK Pound |
1 |
Rs. 101.53 |
|
Euro |
1 |
Rs. 85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.