MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

JAINCO PIPES PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELJ08230F

 

 

PAN No.:

[Permanent Account No.]

AACCJ2443D

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

15 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Supplier and Trader of Pipes, Square Pipes, etc.

 

 

Products :

Ř       PVC Pipes

Ř       MS Pipes

Ř       Square Pipes

Ř       GI Pipes

Ř       Scaffolding

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

No. of Employees :

15 (Approximately)

 

 

Bankers :

Ř       HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Ř       Punjab National Bank, G. T. Road, Karnal – 132001, Haryana, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term loans

0.196

1.489

Other loans and advances

0.016

0.199

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

48.993

36.559

 

 

 

Total

49.205

38.247

 

UNSECURED LOANS

 

PARTICULAR

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Loans and advance from related parties

46.303

18.962

Other loans and advances

0.820

13.799

 

 

 

Total

47.123

32.761

 

Banking Relations :

 

 

 

Auditors :

 

Name :

AKG and Associates

Chartered Accountants

Address :

Shop No.3, Rai Bahadur Banarsi Dass, Anaj Mandi, Novelty Road, Karnal – 132001, Haryana, India

Tel. No.:

91-184-2252779

Mobile No.:

91-9813234188

E-Mail :

akg.associate@gmail.com

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Shareholders

No. of Shares

%age

Sunita Jain

526000

36.23

Surinder Jain

269000

18.53

Signum Impex Private Limited, India

86000

5.92

Ankit Jain

375000

25.83

Mayank Jain

185000

12.74

Gourika Garg

11000

0.76

 

 

 

Total

1452000

100.00

 

 

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

14.520

14.520

0.960

(b) Reserves & Surplus

7.221

5.730

4.599

(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)

21.741

20.250

5.559

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

47.335

34.449

20.864

(b) Deferred tax liabilities (Net)

0.377

0.313

0.191

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

47.712

34.762

21.055

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

48.993

36.559

19.902

(b) Trade payables

37.403

60.557

33.348

(c) Other current liabilities

1.869

3.220

1.269

(d) Short-term provisions

1.057

0.433

0.337

Total Current Liabilities (4)

89.322

100.769

54.856

 

 

 

 

TOTAL

158.775

155.781

81.470

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.440

7.758

6.332

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.031

0.036

Total Non-Current Assets

7.440

7.789

6.368

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

87.485

82.055

27.756

(c) Trade receivables

57.936

51.930

40.326

(d) Cash and cash equivalents

1.231

7.270

4.886

(e) Short-term loans and advances

4.683

6.737

2.134

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

151.335

147.992

75.102

 

 

 

 

TOTAL

158.775

155.781

81.470

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

339.515

277.448

216.281

 

 

Other Income

1.534

1.271

1.615

 

 

TOTAL                                    

341.049

278.719

217.896

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

338.870

276.989

212.062

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

5.834

 

 

 

 

 

Less

FINANCIAL EXPENSES                        

(Including Financial and Depreciation Expenses)

3.991

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

1.843

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

 

 

0.392

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.179

1.73

1.451

 

 

 

 

 

Less

TAX                                                                 

0.688

0.599

0.445

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1.491

1.131

1.006

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.03

0.78

10.48

 

 

Particulars

 

 

 

31.03.2014

 

 

 

 

Sales Turnover (Approximately)

 

 

560.000

 

 

 

 

 

The above information has been parted by Mr. Mayank Jain

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAULTERS LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office / Factory :

9th Floor, Office No. 900, Best Sky Tower, Plot No F-5 Netaji Subhash Palace, Pitampura, Delhi – 110034, India

Tel. No.:

Not Available

Mobile No.:

91-9416000767 (Mr. Surinder Jain)

Fax No.:

Not Available

E-Mail :

info@jaincopipes.com

jaincoppl@gmail.com

Website :

http://www.jaincopipes.com

 

 

Branch Office :

Opposite Petrol Pump, Novelty Road, Karnal - 132001, Haryana, India

Tel. No.:

91-184-2221444(10 Lines)

 

NOTE:

 

The registered office of the company has been shifted from 11th Floor, Office No 1100, Best Sky Tower, Plot No F-5 Netaji Subhash Palace, Pitampura, Delhi- 110034, India to present address w.e.f. 07.12.2009

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.