MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAJOO RASHMI REFRACTORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.04.1995 |
|
|
|
|
Com. Reg. No.: |
17-09866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.484 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27108RJ1995PTC009866 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Grinding of Quartz Minerals and Trading of Ferro Alloys |
|
|
|
|
No of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability
of the company appears to be low. However trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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) |
|
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB (Long Term Rating) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
February 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, |
|
Tel. No.: |
91-141-2335816/ 2234021/ 2336630/5134441 |
|
Fax No.: |
91-141-2234875 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
F – 409, Vishwakarma Industrial Area, Road No.14, Jaipur -302013,
Rajasthan, India |
|
Tel. No.: |
91-141-2330295/ 2330954/ 2333011 |
|
|
|
|
Corresponding Postal Address : |
D – 42, Ambabari, Jaipur – 302023, |
DIRECTORS
AS ON 31.08.2012
|
Name : |
Mr. Ram Swaroop Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
07.11.1938 |
|
Date of Appointment : |
18.04.1995 |
|
DIN No.: |
00280425 |
|
|
|
|
Name : |
Mr. Sudhir Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
15.03.1963 |
|
Date of Appointment : |
12.01.1999 |
|
DIN No.: |
00280451 |
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 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
12/01/1999 |
12/01/1999 |
- |
Active |
NO |
|
2 |
U45201WB2004PTC154010 |
JAJOO
SHIVANSHU CHEMICAL PRIVATE LIMITED |
Director |
27/08/2004 |
27/08/2004 |
02/05/2009 |
Active |
NO |
|
3 |
U45201RJ2004PTC019720 |
REAL
SQUARE BUILDERS AND COLONIZERS PRIVATE LIMITED |
Director |
21/09/2004 |
21/09/2004 |
- |
Active |
NO |
|
4 |
U17124RJ2005PTC021041 |
SHUBH
GARMENTS PRIVATE LIMITED |
Director |
22/07/2005 |
22/07/2005 |
10/09/2009 |
Active |
NO |
|
5 |
U00357RJ2006PTC022397 |
PRERNA
ENGICHEM PRIVATE LIMITED |
Director |
12/04/2006 |
12/04/2006 |
12/01/2007 |
Active |
NO |
|
6 |
U92111RJ2006PTC022468 |
REAL
SQUARE PRODUCTION PRIVATE LIMITED |
Director |
04/05/2006 |
04/05/2006 |
13/11/2009 |
Active |
NO |
|
7 |
U45201RJ2005PTC020356 |
JAJOO
EXIM PRIVATE LIMITED |
Director |
02/02/2008 |
02/02/2008 |
- |
Active |
NO |
|
8 |
U45201RJ2005PTC021375 |
PRERNA
TOWNSHIP PRIVATE LIMITED |
Director |
27/08/2008 |
27/08/2008 |
19/08/2009 |
Active |
NO |
|
9 |
U51909WB1996PTC077768 |
HIMALAYA
COMMODEAL PRIVATE LIMITED |
Director |
16/04/2009 |
16/04/2009 |
- |
Under
Process of Striking off |
NO |
|
10 |
U29190RJ2013PTC041616 |
DYNAMIC
PRECISE ENGINEERS PRIVATE LIMITED |
Director |
26/02/2013 |
26/02/2013 |
- |
Active |
NO |
|
Name : |
Mr. Suraj Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
27.04.1988 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00280395 |
|
|
|
|
Name : |
Ms. Nidhi Jaju |
|
Designation : |
Additional Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
01.03.1990 |
|
Date of Appointment : |
18.08.2009 |
|
DIN No.: |
02430789 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
18/08/2009 |
01/05/2009 |
Active |
NO |
|
Name : |
Ms. Rashmi Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
11.01.1989 |
|
Date of Appointment : |
21.09.2008 |
|
DIN No.: |
02852605 |
|
|
|
|
Name : |
Ms. Swati Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
01.04.1972 |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
01299443 |
|
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
21/09/2009 |
18/04/1995 |
Active |
NO |
|
Name : |
Mr. Saurabh Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Chaitanya Mahaprabhu Marg Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
03.12.1991 |
|
Date of Appointment : |
20.11.2010 |
|
DIN No.: |
03322241 |
|
|
|
|
Name : |
Mr. Sunil Jaju |
|
Designation : |
Director |
|
Address : |
D-42, Ambari, Jaipur-302012, |
|
Date of Birth/Age : |
21.10.1964 |
|
Date of Appointment : |
20.11.2010 |
|
DIN No.: |
00307952 |
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 |
U27101JK1995PTC001486 |
SHREE
GURU KRIPA ALLOYS PRIVATE LIMITED |
Director |
06/11/1995 |
06/11/1995 |
- |
Active |
NO |
|
2 |
U27104UR2003PTC028159 |
SURYA
SMELTERS PRIVATE LIMITED |
Director |
23/12/2003 |
23/12/2003 |
15/02/2008 |
Active |
NO |
|
3 |
U45201WB2004PTC154010 |
JAJOO
SHIVANSHU CHEMICAL PRIVATE LIMITED |
Director |
27/08/2004 |
27/08/2004 |
- |
Active |
NO |
|
4 |
U29214HP1987PLC007699 |
INDIAN
TECHNOMAC COMPANY LIMITED |
Director |
07/06/2008 |
07/06/2008 |
27/03/2009 |
Active |
NO |
|
5 |
U45201RJ2005PTC021375 |
PRERNA
TOWNSHIP PRIVATE LIMITED |
Director |
27/08/2008 |
27/08/2008 |
19/08/2009 |
Active |
NO |
|
6 |
U51909WB1996PTC077768 |
HIMALAYA
COMMODEAL PRIVATE LIMITED |
Director |
16/04/2009 |
16/04/2009 |
- |
Under
Process of Striking off |
NO |
|
7 |
U27100WB2009PTC139596 |
GEE
BEE FERRO AND POWER PRIVATE LIMITED |
Director |
19/11/2009 |
19/11/2009 |
- |
Active |
NO |
|
8 |
U27108RJ1995PTC009866 |
JAJOO
RASHMI REFRACTORIES PRIVATE LIMITED |
Director |
20/11/2010 |
20/11/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.08.2012
|
Names of Shareholders |
No. of Shares |
|
Ram Swaroop Jaju |
9110 |
|
Sunil Jjau |
8410 |
|
Radha Jaju |
9810 |
|
Swati Jaju |
107670 |
|
Sushil Jaju |
8000 |
|
Banwari Lal Goyal |
10000 |
|
Rohit Gupta |
1290 |
|
Sudhir Jaju |
50 |
|
Anil Agarwal |
9000 |
|
Anil Agarwal HUF |
11000 |
|
Anil Panchsia Vasupujya |
2000 |
|
Mahesh Pachisia |
1000 |
|
Munna Pachisia |
1000 |
|
Seema Agarwal |
8000 |
|
Vikas Panchisia |
1000 |
|
Nidhi Jaju |
75000 |
|
Suraj Jaju |
80000 |
|
Rashmi Jaju |
90000 |
|
Aashi Agarwal |
5000 |
|
Kamna Commercial Private Limited, India |
5000 |
|
Nitin Kumar Karwa |
2600 |
|
Himalaya Commodeal Private Limited, India |
87500 |
|
Sundram Consultants Private Limited, India |
10000 |
|
Sesun Marketing Private Limited, India |
6000 |
|
TOTAL
|
548440 |
AS ON 31.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
19.78 |
|
Directors or relatives of Directors |
80.22 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Grinding of Quartz Minerals and Trading of Ferro Alloys |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
State Bank of Bikaner and Jaipur, Industrial
Finance Branch, 2nd Floor, Tambi Tower, S C Road, Jaipur-302005,
Rajasthan, India ·
Punjab National Bank, International Banking
Branch, Sarojani Marg, C – Scheme, Jaipur – 302001, |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nirmal and Lalit Associates Chartered Accountant |
|
Address : |
S – 10, Divya Mall, Lal Kothi, Tonk Road, Jaipur – 302015, Rajasthan,
India |
|
PAN No.: |
AASSN0704P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
548440 |
Equity Shares |
Rs.10/- each |
Rs. 5.484
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 |
5.484 |
5.094 |
5.094 |
|
|
2] Share Application Money |
1.720 |
4.600 |
1.500 |
|
|
3] Reserves & Surplus |
36.126 |
14.995 |
13.245 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
43.330 |
24.689 |
19.839 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
87.511 |
64.027 |
54.275 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
1.000 |
|
|
TOTAL BORROWING |
87.511 |
64.027 |
55.275 |
|
|
DEFERRED TAX LIABILITIES |
0.074 |
0.096 |
0.080 |
|
|
|
|
|
|
|
|
TOTAL |
130.915 |
88.812 |
75.194 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.065 |
1.620 |
1.134 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.103 |
8.470 |
0.822 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.234
|
6.591
|
5.210
|
|
|
Sundry Debtors |
47.041
|
28.259
|
64.241
|
|
|
Cash & Bank Balances |
3.396
|
5.663
|
5.321
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
72.733
|
42.580
|
7.516
|
|
Total
Current Assets |
128.404
|
83.093 |
82.288 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.334
|
2.448
|
7.733
|
|
|
Other Current Liabilities |
0.552
|
0.098
|
0.273
|
|
|
Provisions |
2.771
|
1.825
|
1.044
|
|
Total
Current Liabilities |
8.657
|
4.371 |
9.050 |
|
|
Net Current Assets |
119.747
|
78.722
|
73.238
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
130.915 |
88.812 |
75.194 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
225.330 |
239.670 |
242.026 |
|
|
|
Other Income |
2.239 |
3.696 |
3.467 |
|
|
|
TOTAL (A) |
227.569 |
243.366 |
245.493 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
12.589 |
15.589 |
|
|
|
Administrative Expenses |
|
11.299 |
6.580 |
|
|
|
Selling Expenses |
|
3.124 |
6.426 |
|
|
|
Other Expenses |
|
0.000 |
0.000 |
|
|
|
Purchase |
|
215.085 |
216.786 |
|
|
|
(Increase) / Decrease in Stock |
|
(1.382) |
(3.162) |
|
|
|
TOTAL (B) |
224.624 |
240.715 |
242.219 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
[Including Depreciation] |
2.651 |
3.274 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.104 |
0.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.945 |
2.547 |
3.170 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.925 |
0.797 |
0.988 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.020 |
1.750 |
2.182 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.423 |
2.673 |
0.491 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.443 |
4.423 |
2.673 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.89 |
3.44 |
4.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.89
|
0.72
|
0.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.31
|
1.06
|
1.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.26
|
3.01
|
3.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.10
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.02
|
2.59
|
2.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
14.83
|
19.01
|
9.09 |
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 |
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 |
Yes |
NOTE
Registered office has been shifted from F 409-A, Road No.14, V K I Area,
Jaipur, Rajasthan, India to the present address w.e.f. 25.05.2009
FORM 8
|
Corporate
identity number of the company |
U27108RJ1995PTC009866 |
|
Name of the
company |
JAJOO RASHMI REFRACTORIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
28, SSI Enclave, Shopping Centre, Ambabari, Jaipur-302023, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10254094 |
|
Type of charge |
·
Immovable
property ·
Others |
|
Particular of
charge holder |
Punjab National Bank, International Banking Branch, Sarojani Marg, C –
Scheme, Jaipur – 302001, |
|
Nature of
instrument creating charge |
1.
A
sanction letter from Punjab National Bank for reduction of limit given to M/s
Jajoo Exports for which company has given its corporate guarantee and
equitable mortgage as a security. |
|
Date of instrument
Creating the charge |
14.07.2012 |
|
Amount secured by
the charge |
Rs. 95.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest This company gives
its CG and EM for the principal borrower, M/s Jajoo Exports, Hence the
interest rate which is applicable to
the principal borrower is also applicable to this company. Terms of repayment This company
gives its Corporate Guarantee and Equitable Mortgage for the principal
borrower, M/s Jajoo Exports, Hence the Repayment which is applicable to the
principal borrower is also applicable to this company. Margin This company
gives its Corporate Guarantee and Equitable Mortgage for the principal
borrower, M/s Jajoo Exports, Hence the Margin which is applicable to the
principal borrower is also applicable to this company. Extent and operation of the charge This charge is
for Corporate Guarantee and Equitable Mortgage of immovable property to the
extent of Rs.95.000 Millions to secure the Various Credit facilities granted
to M/s Jajoo Exports by the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Corporate guarantee
and Equitable Mortgage of immovable property is continuing by the company in favour of Punjab National
Bank, International Banking Branch, Sarojani Marg C- Scheme Jaipur in respect of
its immovable property
situated at F- 409-A, VKIA
Industrial Area, Jaipur to secure the
reduced limit by the bank to M/s Jajoo Exports which includes Packing Credit
(Hypothecation)/PCFC limit of Rs.80.000 Millions, FOBNLC/FOUBNLC limit of
Rs.36.000 Millions, FOBP (within FOBNLC) limit of Rs.18.000 Millions, FOUBP
(within FOBNLC) limit of Rs.3.600 Millions Ceiling of Fund Based is Rs.92.000
Millions. ,ILG/FLG of Rs.20.000 Millions, ILC-DP/DA(with in LG) of Rs.10.000
Millions Ceiling of Non fund based is
Rs.20.000 Millions. The overall commitment to the company is Rs.95.000
Millions. |
|
Particulars of
the present modification |
By this mod.
Corporate guarantee and Equitable Mortgage of immovable property is
continuing by the company in favour of Punjab National Bank in respect of its
immovable property situated at F- 409-A, VKIA Industrial Area, Jaipur for the
reduced limit of Rs.95.000 Millions granted to M/s Jajoo Exports by the Bank. Other terms and
conditions remain unchanged. |
FIXED ASSETS
·
Computer
·
Electric Motor
·
Factory Building
·
Furniture and Fixture
·
Invertors
·
Laboratory
·
Machinery
·
Scooter
·
Pollution Equipments
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. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 72.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
|
TOTAL |
|
28 |
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.