MIRA INFORM REPORT
|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
JMV LPS LIMITED (w.e.f. 21.06.2012) |
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Formerly Known
As : |
LPS PRIVATE LIMITED (w.e.f. 04.05.2012) JMV EARTHING EQUIPMENT PRIVATE LIMITED |
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Registered
Office : |
C – 736, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
10.03.2008 |
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Com. Reg. No.: |
20-034803 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U93000UP2008PTC034803 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Chemical Earthing |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file the latest financials of
2012 with the government department. As per the previous year’s (i.e. 2011), the company has recorded
better growth in its sales turnover and profits but the financial position is
week. However, trade relations are fair. Business is active. Payment terms
are unknown. The company can be considered for business dealings on a safe and
secured 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
INFORMATION PARTED BY
|
Name : |
Ms. Anju |
|
Designation : |
Support Manager |
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Contact No.: |
91-9910398589 |
|
Date : |
11.06.2013 |
LOCATIONS
|
Registered Office : |
C – 736, |
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Tel No.: |
Not Available |
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Mobile No.: |
91-9910398538 (Mr. Neeraj Saini) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
W – 50, Sector – II, Noida – 201301, |
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Tel. No.: |
91-210-4590000 |
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Fax No.: |
91-210-4335001 |
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Location : |
Owned |
DIRECTORS
As on : 30.09.2011
|
Name : |
Mr. Anuj Kumar |
|
Designation : |
Director |
|
Address : |
Village And Post Jaitpur, Laksar, Haridwar – 247663, |
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Date of Birth/Age : |
12.07.1980 |
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Date of Appointment : |
15.02.2012 |
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DIN No.: |
02038317 |
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|
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Name : |
Mr. Neeraj Saini |
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Designation : |
Director |
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Address : |
C – 736, |
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Date of Birth/Age : |
25.03.1979 |
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Date of Appointment : |
10.03.2008 |
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DIN No.: |
02038274 |
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Name : |
Ms. Meenakshi Saini |
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Designation : |
Director |
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Address : |
C – 736, |
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Date of Birth/Age : |
20.01.1982 |
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Date of Appointment : |
10.03.2008 |
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DIN No.: |
02038288 |
KEY EXECUTIVES
|
Name : |
Ms. Anju |
|
Designation : |
Support Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Neeraj Saini |
|
19000 |
|
Meenakshi Saini |
|
15000 |
|
Anuj Kumar |
|
5000 |
|
Prasad Romit |
|
2000 |
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Vikash Saini |
|
2000 |
|
Sandeep |
|
5000 |
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Total |
|
48000 |
As on: 31.03.2012
|
Names of Allotee |
|
No. of Shares
Alloted |
|
SAilverlake Traders Private Limited |
|
20000 |
|
Raveera Commercial Company Private Limited |
|
65500 |
|
Raveera Investment Company Private Limited |
|
25000 |
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Raveera Investment Private
Limited |
|
9000 |
|
Edynamics Solution Private Limited |
|
5000 |
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Sarao Bala Tyagi |
|
1200 |
|
|
|
|
|
Total |
|
125700 |
As on: 22.03.2012
|
Names of Allotee |
|
No. of Shares
Alloted |
|
Neeraj Saini |
|
9100 |
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Meenakshi Saini |
|
11000 |
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Vikash Saini |
|
300 |
|
Atlantic Merchants Private Limited |
|
14000 |
|
Subhshree Commosale Private Limited |
|
9000 |
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Krishan Kumar Service |
|
1500 |
|
Manoj Kumar |
|
2000 |
|
Mayank Prashar |
|
5000 |
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Shambu Jha |
|
1250 |
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Sharad Mahar Jain |
|
2900 |
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|
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|
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Total |
|
56050 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemical Earthing |
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Products : |
· Lightning Strike · Electrical Grounding · Earthing Electrode · safe earthing · Copper Electrode · Grounding Electrode · Maintenance Free Earthing · Pit Cove · Chemical Earthing · Gel Earthing · Copper Earthing Grounding · Earthing Material · Copper Bonded Rods · Lightning Protector · Surge Protection Devices · Whole House Surge Protection, Grounding System · Earthing System · Lightning Conductor · Early Streamer Emission · Lightning Rod · ESE system · Lightning Protection Systems · Surge Protectors · Air Terminal · Surge Protection Devices · House Surge Protection · Lightning Arrestor · Lightning Surge · Lightning Surge Arrestor · Lightning Surge Protectors · Data Surge ·
Solar Surge |
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Exports : |
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Products : |
Chemical Earthing |
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Countries : |
·
·
·
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users and OEM’s |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Oriental Bank Of Commerce, SSI Baangel,
Gautambudh Nagar, Noida - 201301, · Oriental
Bank Of Commerce, 5, Community Centre, New Friends Colony, New Delhi - 110025,
Delhi, India |
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Facilities : |
Rs in Millions
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Auditors : |
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Name : |
PDMAG and Company. Chartered Accountants |
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Address : |
308, 3rd Floor, Sivam Complex,
Near Rdc, |
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Tel. No.: |
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PAN No.: |
AAAFP4206H |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
229750 |
Equity Shares |
Rs.10/- each |
Rs. 2.297
Millions |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
4.440 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.330 |
0.611 |
0.246 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.870 |
0.711 |
0.346 |
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LOAN FUNDS |
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1] Secured Loans |
0.656 |
0.731 |
0.000 |
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2] Unsecured Loans |
0.000 |
1.100 |
0.000 |
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TOTAL BORROWING |
0.656 |
1.831 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.020 |
0.009 |
0.000 |
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TOTAL |
6.546 |
2.551 |
0.346 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.526 |
0.268 |
0.175 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.491 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.762
|
7.856 |
2.185 |
|
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Sundry Debtors |
16.215
|
8.183 |
4.261 |
|
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Cash & Bank Balances |
1.715
|
0.384 |
0.224 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
1.421
|
2.919 |
0.115 |
|
Total
Current Assets |
24.113
|
19.342 |
6.785 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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|
|
|
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Other Current Liabilities |
18.791
|
17.399 |
6.514 |
|
|
Provisions |
0.313
|
0.167 |
0.122 |
|
Total
Current Liabilities |
19.104
|
17.566 |
6.636 |
|
|
Net Current Assets |
5.009
|
1.776 |
0.149 |
|
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MISCELLANEOUS EXPENSES |
0.011 |
0.016 |
0.022 |
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|
|
|
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TOTAL |
6.546 |
2.551 |
0.346 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
|
|
|
|
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Income |
45.733 |
24.168 |
12.756 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
NA |
32.164 |
14.771 |
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PROFIT BEFORE
TAX |
NA |
0.542 |
0.369 |
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|
Less |
TAX |
NA |
0.178 |
NA |
|
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PROFIT AFTER TAX
|
0.718 |
0.364 |
0.246 |
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BALANCE CARRIED
TO THE B/S |
0.718 |
0.364 |
0.246 |
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|
Earnings Per
Share (Rs.) |
71.80 |
0.03 |
24.60 |
|
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Particulars |
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
150.000 |
61.000 |
Expected Sales (2013-2014) : Rs. 180.000 Millions
The above information has been parted by Ms. Anju (Support Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.76 |
5.30 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.76 |
1.07 |
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|
Debt Equity Ratio (Total debt/Networth) |
|
0.11 |
2.57 |
0.00 |
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|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.10 |
1.02 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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
|
Particulars |
As on 31.03.2011 |
As on 31.03.2010 |
|
Loan From Directors / Shareholders |
0.000 |
1.100 |
|
Total |
0.000 |
1.100 |
NOTE:
The registered office of the company has been shifted from
G-3, 31/6, Sangam Apartments, Sector-2a, Vaishali,
OPERATIONS:
During the year under review the company has registered total sale of
Rs. 45.733 Millions receipts in the year ended on 31st March 2011.
The company has earned a Net profit of Rs. 0.718 Million after tax in
the year ended on 31st March 2011.
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate
identity number of the company |
U93000UP2008PTC034803 |
|
Name of the
company |
JMV LPS LIMITED |
|
Address of the
registered office or of the principal place of business in |
C – 736, |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Oriental Bank of Commerce SSI Baangel, Gautambudh Nagar,, Noida - 201301, |
|
Nature of
instrument creating charge |
CC Limit of
Rs.7.500 Millions, Against Hypothecated of Stock and Book Debts of the
Company, Term Loan of Rs.4.500 Millions for Hypothecation of Plant and
Machinery( Present/Proposed),Bank Guarantee Rs.15.000 Millions (Including LC Limit Rs.5.0
Millions) |
|
Date of instrument
Creating the charge |
23.12.2011 |
|
Amount secured by
the charge |
Rs. 27.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest : CC limit interest of 10.75% (Base Rate) +3.5% =14.25%, T.L. (Base Rate) +4% =14.75 %,( subject to changes in base rate.)penal interest 2% above incase of irregularity Terms of repayment
: As Per Agreement Margin : Facility -I (25%) Against Stock & Book Debts. Facility -Ii (30%) Facility -Iii (25.28%) Facility -Iv (30%) Extent and
operation of the charge : 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
FIXED ASSEST
- Air
Conditioner
- Attendance
Machine
- Electrical
Equipment
- Computer
- Motorcycle
- Furniture and
Fixture
- Car
- Dome Camera
- Laptop
- Water
Dispenser
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.41 |
|
|
1 |
Rs. 91.62 |
|
Euro |
1 |
Rs. 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.