MIRA
INFORM REPORT
|
Report Date : |
29.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAYA HIND
INDUSTRIES LIMITED |
|
|
|
|
Formerly Known
As : |
JAYA-HIND INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mumbai Pune Road, Pune-411035, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.01.1947 |
|
|
|
|
Com. Reg. No.: |
11-005480 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1450.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1947PLC005480 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ4268Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of High Pressure Die Casting, Gravity Die Casting, Die Casting Tool,
Cylinder Blocks, Cylinder Heads and Bed Plates. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 70990000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Reserves of the company seems to be low. However, company performance
has improved as compared to previous year. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-20-27473981)
LOCATIONS
|
Registered Office : |
Mumbai Pune Road, Pune-411035, Maharashtra, India |
|
Tel. No.: |
91-20-27473981 |
|
Fax No.: |
91-20-27474827 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. ft. (Approximately) |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Urse, Taluka Maval, Dist Pune-410506, Maharashtra, India |
|
Tel. No.: |
91-2114-237071, 73 |
|
Fax No.: |
91-2114-237072 |
|
|
|
|
Factory 2 : |
Plot No. 04, Sector 01, Pithampura Dist, Dhar-452002, Madhya Pradesh,
India |
|
Tel. No.: |
91-7292-305051 |
|
Fax No.: |
91-7292-308025, 26 |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Abhay Navalmal Firodia |
|
Designation : |
Director |
|
Address : |
Sanmitra 13B/2A Ganeshkind Road, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1944 |
|
Date of Appointment : |
24.09.2004 |
|
PAN No.: |
AAAPF9096K |
|
DIN No.: |
00025179 |
|
|
|
|
Name : |
Mr. Mohan Girdharilal Chopda |
|
Designation : |
Director |
|
Address : |
12 Bhosale Nagar, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1934 |
|
Date of Appointment : |
24.09.2004 |
|
DIN No.: |
00040868 |
|
|
|
|
Name : |
Mrs. Sunanda Sudhir Mehta |
|
Designation : |
Director |
|
Address : |
405 AD Scheme No:74,Indore - 452010, Madhya Pradesh, India |
|
Date of Birth/Age : |
07.07.1971 |
|
Date of Appointment : |
27.09.2005 |
|
PAN No.: |
AAXPM6063E |
|
DIN No.: |
00289624 |
|
|
|
|
Name : |
Mr. Shribala Sagar Chordia |
|
Designation : |
Director |
|
Address : |
Building A1002, Silver Woods, North Main Road, Koregaon Park, Pune -
411036, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1974 |
|
Date of Appointment : |
27.09.2005 |
|
PAN No.: |
AALPC8151D |
|
DIN No.: |
00041557 |
|
|
|
|
Name : |
Mr. Harsh Abhaykumar Firodia |
|
Designation : |
Director |
|
Address : |
L-19, Green Parks Main, New Delhi – 110016, India |
|
Date of Birth/Age : |
18.07.1977 |
|
Date of Appointment : |
30.09.2003 |
|
PAN No.: |
AAAPF9095L |
|
DIN No.: |
00346134 |
|
|
|
|
Name : |
Mr. Prasan Abhaykumar Firodia |
|
Designation : |
Director |
|
Address : |
Sanmitra 132 B, Ganeshkind
Road, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1979 |
|
Date of Appointment : |
24.09.2004 |
|
PAN No.: |
AADPF4269R |
|
DIN No.: |
00029664 |
|
|
|
|
Name : |
Mr. Shyamala Navlakha |
|
Designation : |
Director |
|
Address : |
M-56 Greater Kailash Part 1, New Delhi – 110048, India |
|
Date of Birth/Age : |
28.08.1938 |
|
Date of Appointment : |
24.09.2004 |
|
PAN No.: |
AAEPN3391F |
|
DIN No.: |
00188287 |
|
|
|
|
Name : |
Mr. Indira Abhay Firodia |
|
Designation : |
Director |
|
Address : |
Sanmitra 132 B/2A, Ganeshkind Road, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1949 |
|
Date of Appointment : |
30.09.2003 |
|
PAN No.: |
AADPF4270A |
|
DIN No.: |
00035115 |
|
|
|
|
Name : |
Mr. Pradeep K Munot |
|
Designation : |
Director |
|
Address : |
427, Gultekdi, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1948 |
|
Date of Appointment : |
27.09.2008 |
|
PAN No.: |
|
|
DIN No.: |
00044924 |
|
|
|
|
Name : |
Mr. Bhogal Singh Mohinder |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 475, Sec 25, Pcnt Nigdi, Pune-411044, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1945 |
|
Date of Appointment : |
10.01.2007 |
|
PAN No.: |
AANPB7261P |
|
DIN No.: |
01303503 |
|
|
|
|
Name : |
Kundanlal Chunilal Khinvasara |
|
Designation : |
Director |
|
Address : |
446, Gokhale Road, Shivaji Nagar, Pune – 411005, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1937 |
|
Date of Appointment : |
15.12.2012 |
|
DIN No.: |
02399809 |
KEY EXECUTIVES
|
Name : |
Ms. Manali Yogesh Patwardhan |
|
Designation : |
Secretary |
|
Address : |
202, Waman Sahaniwas Co-operative Housinf Society, Cummins College Road,
Karve Nagar, Pune – 411052, Maharashtra, India |
|
Date of Birth/Age : |
19.06.1983 |
|
Date of Appointment : |
01.09.2010 |
|
PAN No.: |
AGXPG0276F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Jayahind Investment Private Limited |
30851600 |
|
Away Navalmal Firodia |
11020636 |
|
Jayahind Investment Private Limited |
8500000 |
|
Indira Abhay Frodla |
4860000 |
|
Prasan Abhaykuyar Firodm |
3968752 |
|
Abhay Navalmal Firodm |
3360000 |
|
Prasanna Holdings Private Limited |
2833812 |
|
Prasannaabhaykumar Firodm |
2700000 |
|
Prasan Abhay Flrodla |
2040000 |
|
Abhaykumar Navmyal Firodla |
1698400 |
|
Prasan Firodm |
1440000 |
|
Awaykumar Firodm Jointly With Wmra Ftrodla |
1200000 |
|
Abhay N. Firodm Jointly With Rdira Firodia |
1200000 |
|
Awaykumar Uvalmal Flrodla Jointly With Prakash Yotilal Flrodla |
1200000 |
|
Prasan Firodia |
749200 |
|
Ahyednaoar Engweering Private Limited |
629000 |
|
Abhay Navalyal Flrodla |
405000 |
|
Prasan Firodu |
308000 |
|
Prasannaabhaykumar Firodm |
300000 |
|
Prajaw Firodla |
272800 |
|
Abhaykuyar Navalmal Flrodla |
159400 |
|
Abhaykuyar Navalmal Flrodla |
88400 |
|
Prasan Firodia |
77000 |
|
Suwyal Yotilal Yunot |
25000 |
|
Pramod Surajmal Munot |
25000 |
|
Karuna Pramod Munot |
25000 |
|
Mast Paranil Pramod Munot |
25000 |
|
Vitas Chandmal Munot |
20000 |
|
Mast Anoop Vilas Munot (Minor) |
14000 |
|
Manisha Vilas Munot |
4000 |
|
|
|
|
Total |
80000000 |
|
Names of Shareholder (Preference Shareholder) |
No. of Shares |
|
Jayahind Investment Private Limited |
65000000 |
|
|
|
|
Total |
65000000 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
53.52 |
|
Directors or relatives of Directors |
46.31 |
|
Other top fifty shareholders |
0.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of High Pressure Die Casting, Gravity Die Casting, Die Casting Tool,
Cylinder Blocks, Cylinder Heads and Bed Plates. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
v State Bank of India Corporate Accounts Group, Central Office, 3rd Floor, State
Bank Bhavan, Madame Cama Road, Nariman Point, Mumbai - 400021, Maharashtra,
India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. G. Bhagwat Chartered Accountant |
|
Address : |
Suite No 102, Orchard, Dr. Pai Marg, Baner, Pune – 411045,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB0762E |
|
|
|
|
Related Parties : |
· Force Motors Limited [L34102PN1958PLC011172] Pinnacle Industries Limited [U50300PN1996PLC100600] |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
|
75000000 |
Preference shares |
Rs.10/- each |
Rs.750.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1550.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
|
65000000 |
Preference shares |
Rs.10/- each |
Rs.650.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1450.000
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 |
1450.000 |
1450.000 |
1450.000 |
|
(b) Reserves & Surplus |
324.871 |
(113.710) |
(182.339) |
|
(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) |
1774.871 |
1336.290 |
1267.661 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
542.256 |
521.155 |
631.264 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
122.740 |
110.944 |
90.547 |
|
(d) long-term
provisions |
26.231 |
24.392 |
30.551 |
|
Total Non-current
Liabilities (3) |
691.227 |
656.491 |
752.362 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
250.767 |
322.704 |
210.438 |
|
(b)
Trade payables |
566.621 |
594.035 |
524.325 |
|
(c)
Other current liabilities |
282.626 |
384.892 |
271.396 |
|
(d) Short-term
provisions |
69.692 |
4.433 |
3.531 |
|
Total Current
Liabilities (4) |
1169.706 |
1306.064 |
1009.690 |
|
|
|
|
|
|
TOTAL |
3635.804 |
3298.845 |
3029.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1888.428 |
1683.546 |
1688.663 |
|
(ii)
Intangible Assets |
24.049 |
34.796 |
12.067 |
|
(iii) Capital
work-in-progress |
419.266 |
220.832 |
139.794 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.377 |
3.377 |
3.377 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
52.787 |
56.614 |
65.800 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.765 |
|
Total Non-Current
Assets |
2387.907 |
1999.165 |
1910.466 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
453.103 |
410.460 |
294.176 |
|
(c)
Trade receivables |
663.530 |
753.759 |
634.140 |
|
(d) Cash
and cash equivalents |
5.810 |
2.842 |
1.259 |
|
(e)
Short-term loans and advances |
125.275 |
132.261 |
189.298 |
|
(f) Other
current assets |
0.179 |
0.358 |
0.374 |
|
Total
Current Assets |
1247.897 |
1299.680 |
1119.247 |
|
|
|
|
|
|
TOTAL |
3635.804 |
3298.845 |
3029.713 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
4519.592 |
4146.709 |
3093.737 |
|
|
|
Other Income |
395.695 |
38.790 |
104.428 |
|
|
|
TOTAL (A) |
4915.287 |
4185.499 |
3198.165 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2404.524 |
2406.191 |
1793.584 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
36.066 |
(38.314) |
(100.716) |
|
|
|
Employees benefits expense |
619.136 |
533.443 |
418.031 |
|
|
|
Other expenses |
1005.781 |
870.466 |
660.488 |
|
|
|
Exceptional Item |
(56.729) |
(35.651) |
(17.998) |
|
|
|
TOTAL (B) |
4008.778 |
3736.135 |
2753.389 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
906.509 |
449.364 |
444.776 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
92.218 |
119.226 |
107.978 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
814.291 |
330.138 |
336.798 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
286.220 |
261.510 |
232.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
528.071 |
68.628 |
104.422 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.653 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
499.418 |
68.628 |
104.403 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
255.894 |
201.745 |
120.271 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
446.911 |
400.306 |
185.455 |
|
|
|
Stores & Spares |
144.436 |
120.287 |
77.275 |
|
|
|
Capital Goods |
318.802 |
32.246 |
26.310 |
|
|
TOTAL IMPORTS |
910.149 |
552.839 |
289.040 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.24 |
0.92 |
1.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.16 |
1.64 |
3.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.68 |
1.65 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.43 |
2.23 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.05 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.45 |
0.63 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.00 |
1.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1450.000 |
1450.000 |
1450.000 |
|
Reserves & Surplus |
(182.339) |
(113.710) |
324.871 |
|
Net
worth |
1267.661 |
1336.290 |
1774.871 |
|
|
|
|
|
|
long-term borrowings |
631.264 |
521.155 |
542.256 |
|
Short term borrowings |
210.438 |
322.704 |
250.767 |
|
Total
borrowings |
841.702 |
843.859 |
793.023 |
|
Debt/Equity
ratio |
0.664 |
0.631 |
0.447 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3093.737 |
4146.709 |
4519.592 |
|
|
|
34.036 |
8.992 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3093.737 |
4146.709 |
4519.592 |
|
Profit |
104.403 |
68.628 |
499.418 |
|
|
3.37% |
1.65% |
11.05% |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION DETAILS
|
HIGH COURT OF BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Lodging No.:- STRL/71/2009 Filing
Date:- 26.05.2009 Reg. No.:- STR/47/2010 Reg.
Date:- 11.08.2010 |
|
Petitioner: THE COMMISSIONER OF SALES MUMBAI Respondent: JAYA HIND
INDUSTRIES LIMITED Petn. Adv : SALES TAX TRIBUNAL (0) District: BOMBAY |
|
Bench: DIVISION Status: Pre-Admission
Category: SALES TAX
REFERENCES. Last Date: 01.12.2009 Stage: SALES TAX REFERENCES FOR REJECTIONS
U/R 986 OF THE H.C.(O.S.) RULES 1980
Last Coram: REGISTRAR(OS)/PROTHONOTARY
AND SR. MASTER |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
80052456 |
08/02/2012 * |
738,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, TARA CHAMBERS, WAKADEWADI, PUNE - 411003, MAHARASHTRA, INDIA |
B33793191 |
|
2 |
90083650 |
17/10/1993 * |
4,000,000.00 |
GRINDLAYS BANK |
90; MAHATMA GANDHI ROAD, BOMBAY - 400001, MAHARASHTRA, INDIA |
- |
|
3 |
90083595 |
01/03/1989 |
8,000,000.00 |
GRINDLAYS BANK |
90; MAHATMA GANDHI ROAD, BOMBAY - 400023, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
129.581 |
135.855 |
|
Deposits from others |
412.675 |
245.925 |
|
|
|
|
|
Total |
542.256 |
381.780 |
OPERATIONS
The financial year 2012-13 has been a year of correction in the overall economy, which was growing steady for the last 3 years. The Company has grown by 10.42% compared to the financial year 2011-12 by achieving a turnover of Rs. 4915.287 Millions.
The Company has been able to achieve additional orders from its customer’s during the year.
Although the Indian economy has shrunk in the financial year 2012-13, the Company has been able to hold its bastion mainly due to new business development efforts and new orders from its esteemed customers coming on stream. These customers constitute more than 50% of Company’s business.
Company is keeping its faith intact in overall prospects of the Indian economy and particularly in the auto sector and is going ahead in full stream in executing its expansion projects.
The charge of depreciation stands increased from Rs. 261.510
Millions for 2011-12 to Rs. 286.220 Millions for the year 2012-13 representing
an additional charge to the Profit & Loss Account of Rs. 24.710 Millions.
EXPORTS
The Company has achieved a record turnover of Rs. 255.894
Millions in exports from customers in USA & Germany resulting in a growth
of 26.87%. Growth in exports was a combined result of increased volumes and
benefit of favorable exchange rate to exporters.
FIXED ASSETS:
· Land
Buildings
Factory
building
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
Computer
software
Know-how
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.59.08 |
|
|
1 |
Rs.99.20 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA / ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
42 |
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.