MIRA
INFORM REPORT
|
Report Date : |
24.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SN JYOTI INFRA PROJECTS PRIVATE LIMITED |
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Registered
Office : |
959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.04.2010 |
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Com. Reg. No.: |
15-011862 |
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Capital
Investment / Paid-up Capital : |
Rs. 47.670 Millions |
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CIN No.: [Company Identification
No.] |
U45201OR2010PTC011862 |
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PAN No.: [Permanent Account No.] |
AAOCS1137R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of different Grades and Size of Aggregates. |
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No. of Employees
: |
33 (8 in Office and 25 in Factory) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating takes into consideration company’s moderate scales of
business operations marked by below average operational performance and declining
in top line growth during current financial year and deteriorating profit of
the company over past 3 years. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would take
a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Kishore Kumar Rout |
|
Designation : |
Director |
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Contact No.: |
91-9437491818 |
|
Date : |
21.11.2014 |
LOCATIONS
|
Registered/ Corporate Office : |
959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa |
|
Tel. No.: |
91-674-3258279 |
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Mobile No.: |
91-9437491818/
7752003510 [Mr. Bibhuti Tripathi] |
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Fax No.: |
91-674-2572279 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. ft. |
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Factory : |
Plot No. 1303, 1304 and 1305, At Madhapur, Via Kaipadar, Tehsil
Khurda, Bhubaneswar, Orissa, India |
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Area : |
221938 Sq. ft. |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kishore Kumar Rout |
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Designation : |
Director |
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Address : |
959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa |
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Date of Birth/Age : |
26.05.1969 |
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Qualification : |
BE and MBA |
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Experience : |
18 Years |
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Date of Appointment : |
19.04.2010 |
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PAN No.: |
ABYPR0772M |
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Passport No.: |
E5311273 |
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Voter ID No.: |
OR-0219900264377 |
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DIN No.: |
02743397 |
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Other Directorship :
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Name : |
Mrs. Jyotirmayee Routray |
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Designation : |
Director |
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Address : |
LB/7,Stage-04, Jail Road, Jharpada, PO: Budheswari, Bhubaneswar
– 751006, Orissa, India |
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Date of Birth/Age : |
18.12.1977 |
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Qualification : |
Intermediate |
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Experience : |
10 Years |
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Date of Appointment : |
19.04.2010 |
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PAN No.: |
AFGPR0024J |
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Passport No.: |
E5311437 |
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DIN No.: |
02743420 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rout Kumar Kishore |
|
100000 |
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Routray Jyotoramyee |
|
100000 |
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Mishra Diptendra |
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25 |
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Khan Ahmed Minaz |
|
50 |
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Mohanty Chandra Nibash |
|
50 |
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Samantaray Debaprasad |
|
25 |
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Swain Kumar Kishore |
|
25 |
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Mohanty Kumar Ajaya |
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25 |
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Md. Daud Ansari |
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25 |
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Lenka Sekhar Sudhanshu |
|
50 |
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Mishra Kumar Sujit |
|
50 |
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Khamari Kumar Prabir |
|
50 |
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Rout Chandra Udhab |
|
50 |
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Goswamy Satyabrata |
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25 |
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Rout Khageswar |
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50 |
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Total |
|
200500 |
AS ON 31.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Rajshree Vincom Private Limited, India |
|
1756189 |
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Esquire Vincom Private Limited, India |
|
2810347 |
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Total |
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4566536 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of different Grades and Size of Aggregates. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Divulged |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual
Production |
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|
Stone Crusher |
120 TPH |
Yet to Start |
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Hotmix Plant |
40/60 TPH |
Yet to Start |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
33 (8 in Office and 25 in Factory) (Approximately) |
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Bankers : |
· Bank of India Mid Corporate Branch, Star House, 1/1D, Jayadev Vihar,
Bhubaneswar - 751015, Orissa, India |
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Facilities : |
Cash Credit = Rs. 100.000 Millions BG = Rs. 120.000 Millions Term Loan = Rs. 37.500 Millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
U.K. Mahapatra and Company Chartered Accountants |
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Address : |
#237, Bapuji Nagar, 2nd Floor, Bhubaneswar – 751009, Orissa, India |
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Telefax : |
91-674-2597956/ 2597620 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFU5439N |
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Enterprises over which Key Managerial Persons or relatives having influence
: |
· SN Jyoti Associates Address: 959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa, India Activity: Trading SN Jyoti Associates Private Limited Address: 959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa, India Activity: Construction
Sai Kalyani Media Private Limited Address: 959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa, India Activity: Print Media, Newspaper Sai Jyoti Press Private limited Address: 959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa, India Sai Jyoti Exports Private limited Address: 959, Mahavir Nagar, Road No. 3, Govind Prasad, Jharpada, Bhubaneswar
Khurda, Bhubaneswar - 751006, Orissa, India Activity: Import and Export |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4767036 |
Equity Shares |
Rs. 10/- each |
Rs. 47.670 Millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.670 |
125.301 |
122.696 |
|
(b) Reserves & Surplus |
81.736 |
3.442 |
1.957 |
|
(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) |
129.406 |
128.743 |
124.653 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
6.404 |
6.459 |
4.317 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
6.404 |
6.459 |
4.317 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1.487 |
29.333 |
50.334 |
|
(c)
Other current liabilities |
0.077 |
1.348 |
1.713 |
|
(d) Short-term
provisions |
0.314 |
0.658 |
0.692 |
|
Total Current
Liabilities (4) |
1.878 |
31.339 |
52.739 |
|
|
|
|
|
|
TOTAL |
137.688 |
166.541 |
181.709 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.635 |
0.729 |
0.823 |
|
(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 |
6.435 |
6.435 |
6.435 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.966 |
16.966 |
23.217 |
|
(e) Other
Non-current assets |
0.035 |
0.070 |
0.105 |
|
Total Non-Current
Assets |
24.071 |
24.200 |
30.580 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
51.648 |
54.469 |
51.136 |
|
(c)
Trade receivables |
11.219 |
14.502 |
9.286 |
|
(d) Cash
and cash equivalents |
0.470 |
0.258 |
0.237 |
|
(e) Short-term
loans and advances |
49.621 |
72.072 |
89.397 |
|
(f)
Other current assets |
0.659 |
1.040 |
1.073 |
|
Total
Current Assets |
113.617 |
142.341 |
151.129 |
|
|
|
|
|
|
TOTAL |
137.688 |
166.541 |
181.709 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
17.653 |
33.633 |
32.332 |
|
|
|
Other Income |
0.000 |
0.008 |
0.167 |
|
|
|
TOTAL (A) |
17.653 |
33.641 |
32.499 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
14.442 |
29.383 |
29.099 |
|
|
|
Employees benefits expense |
0.900 |
0.905 |
0.600 |
|
|
|
Other expenses |
1.166 |
0.992 |
0.342 |
|
|
|
TOTAL (B) |
16.508 |
31.280 |
30.041 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.145 |
2.361 |
2.458 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.039 |
0.088 |
0.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.106 |
2.273 |
2.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.129 |
0.129 |
0.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.977 |
2.144 |
2.271 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.315 |
0.659 |
0.692 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.662 |
1.485 |
1.579 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.31 |
7.43 |
7.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.75 |
4.42 |
4.88 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.49 |
7.02 |
7.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.74 |
1.34 |
1.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05 |
0.05 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
60.50 |
4.54 |
2.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
122.696 |
125.301 |
47.670 |
|
Reserves & Surplus |
1.957 |
3.442 |
81.736 |
|
Net
worth |
124.653 |
128.743 |
129.406 |
|
|
|
|
|
|
Long-term borrowings |
4.317 |
6.459 |
6.404 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
4.317 |
6.459 |
6.404 |
|
Debt/Equity ratio |
0.035 |
0.050 |
0.049 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
32.332 |
33.633 |
17.653 |
|
|
|
4.024 |
(47.513) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
32.332 |
33.633 |
17.653 |
|
Profit |
1.579 |
1.485 |
0.662 |
|
|
4.88% |
4.42% |
3.75% |
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 |
Yes |
|
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
three years |
Yes |
|
12] |
Profitability for last
three 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 |
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors and Others |
6.404 |
6.404 |
|
|
|
|
|
Total |
6.404 |
6.404 |
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL CUM PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
PARTICULARS |
2015 |
2016 |
2017 |
|
|
|
|
|
|
Equity Share
Capital |
161.926 |
161.926 |
161.926 |
|
|
|
|
|
|
Fully paid up ES |
161.926 |
161.926 |
161.926 |
|
|
|
|
|
|
Share Application |
-- |
-- |
-- |
|
|
|
|
|
|
Reserve and
Surplus |
4.116 |
7.661 |
15.933 |
|
|
|
|
|
|
General Reserves |
4.116 |
7.661 |
15.933 |
|
|
|
|
|
|
Share Premium |
-- |
-- |
-- |
|
|
|
|
|
|
Capital Redemption Reserve |
-- |
-- |
-- |
|
|
|
|
|
|
Surplus/ (Deficit) in Profit and Loss Account |
3.546 |
8.271 |
9.876 |
|
|
|
|
|
|
Non-Current
Liabilities |
65.404 |
56.404 |
47.404 |
|
|
|
|
|
|
Long term Borrowings |
54.000 |
45.000 |
36.000 |
|
|
|
|
|
|
From Banks |
54.000 |
45.000 |
36.000 |
|
|
|
|
|
|
From Others |
-- |
-- |
-- |
|
|
|
|
|
|
Unsecured Loans |
11.404 |
11.404 |
11.404 |
|
|
|
|
|
|
Quasi Equity |
11.404 |
11.404 |
11.404 |
|
|
|
|
|
|
Others |
-- |
-- |
-- |
|
|
|
|
|
|
Long term Provisions |
-- |
-- |
-- |
|
|
|
|
|
|
Deferred Tax Liabilities [Net] |
-- |
-- |
-- |
|
|
|
|
|
|
Current
Liabilities |
15.114 |
18.842 |
21.045 |
|
|
|
|
|
|
Short term Borrowings [including Cash Credit] |
-- |
-- |
-- |
|
|
|
|
|
|
From Banks |
-- |
-- |
-- |
|
|
|
|
|
|
From Others |
-- |
-- |
-- |
|
|
|
|
|
|
Sundry Creditors [Trade] |
8.592 |
8.450 |
9.932 |
|
|
|
|
|
|
Sundry Creditors [Others] |
-- |
-- |
-- |
|
|
|
|
|
|
Other Short term Liabilities / Provisions |
6.521 |
10.392 |
11.113 |
|
|
|
|
|
|
Provision for Income Tax |
0.417 |
1.288 |
2.009 |
|
|
|
|
|
|
Audit Fee Payable |
0.051 |
0.051 |
0.051 |
|
|
|
|
|
|
Service Tax Payable |
-- |
-- |
-- |
|
|
|
|
|
|
TDS Payable |
-- |
-- |
-- |
|
|
|
|
|
|
Professional Tax Payable |
0.003 |
0.003 |
0.003 |
|
|
|
|
|
|
Expenses Payable |
0.050 |
0.050 |
0.050 |
|
|
|
|
|
|
Other Current Liabilities |
-- |
-- |
-- |
|
|
|
|
|
|
Installments of Term Debt within one year |
6.000 |
9.000 |
9.000 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
250.105 |
253.105 |
256.183 |
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
69.114 |
63.842 |
57.045 |
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES EXCEPT BANK BORROWING |
9.114 |
9.842 |
12.045 |
|
|
|
|
|
|
TNW |
169.587 |
177.859 |
187.734 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
Current Assets |
122.865 |
114.570 |
106.276 |
|
|
|
|
|
|
Net Block |
99.432 |
91.137 |
82.843 |
|
|
|
|
|
|
Gross Block |
102.615 |
102.615 |
102.615 |
|
|
|
|
|
|
Less: Depreciation till date |
3.183 |
11.478 |
19.772 |
|
|
|
|
|
|
Add: Capital WIP |
-- |
-- |
-- |
|
|
|
|
|
|
Current Investments |
6.435 |
6.435 |
6.435 |
|
|
|
|
|
|
Investment in Group Companies |
6.435 |
6.435 |
6.435 |
|
|
|
|
|
|
Investment in Others |
-- |
-- |
-- |
|
|
|
|
|
|
Long term Loans and Advance |
16.959 |
16.959 |
16.959 |
|
|
|
|
|
|
Security Deposit |
0.039 |
0.039 |
0.039 |
|
|
|
|
|
|
Debtors > 6 months |
-- |
-- |
-- |
|
|
|
|
|
|
Other Non-Current Assets |
-- |
-- |
-- |
|
|
|
|
|
|
Current Assets |
127.240 |
138.534 |
149.907 |
|
|
|
|
|
|
Cash and Bank equivalents |
5.382 |
6.288 |
3.787 |
|
|
|
|
|
|
Current Investments |
-- |
-- |
-- |
|
|
|
|
|
|
Raw Material Inventory |
2.842 |
3.482 |
4.222 |
|
|
|
|
|
|
Advance to Supplier |
1.776 |
1.741 |
2.111 |
|
|
|
|
|
|
Job work in process |
42.767 |
41.814 |
46.814 |
|
|
|
|
|
|
Stock in process |
0.563 |
0.580 |
0.666 |
|
|
|
|
|
|
Finished Goods |
10.526 |
10.676 |
12.296 |
|
|
|
|
|
|
Consumables |
4.596 |
4.925 |
5.620 |
|
|
|
|
|
|
Debtors < 6 months |
27.770 |
37.041 |
41.583 |
|
|
|
|
|
|
Loans and advances |
30.000 |
30.000 |
30.000 |
|
|
|
|
|
|
Advance payment of tax |
0.417 |
1.288 |
2.009 |
|
|
|
|
|
|
Other Current Assets |
0.600 |
0.700 |
0.800 |
|
|
|
|
|
|
Intangible
Assets |
-- |
-- |
-- |
|
|
|
|
|
|
Pre-operative expenses not written off
|
-- |
-- |
-- |
|
|
|
|
|
|
Patents and Goodwill |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL ASSETS |
250.105 |
253.105 |
256.183 |
|
|
|
|
|
|
NET WORKING
CAPITAL GAP |
112.126 |
119.692 |
128.863 |
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL CUM PROJECTED OPERATING STATEMENT
(RS.
IN MILLIONS)
|
PARTICULARS |
2015 |
2016 |
2017 |
|
|
|
|
|
|
Revenue from
Operations |
64.474 |
211.649 |
239.145 |
|
|
|
|
|
|
Revenue from Earth Work |
15.000 |
16.500 |
18.150 |
|
|
|
|
|
|
Adjusted Revenue from Crusher |
43.474 |
188.849 |
214.380 |
|
|
|
|
|
|
Revenue from Sale of Land |
6.000 |
6.300 |
5.615 |
|
|
|
|
|
|
Other Income |
-- |
-- |
-- |
|
|
|
|
|
|
Interest on Income Tax refund |
-- |
-- |
-- |
|
|
|
|
|
|
Interest in Deposits |
-- |
-- |
-- |
|
|
|
|
|
|
Total Income |
64.474 |
211.649 |
239.145 |
|
|
|
|
|
|
Operating Expenses
|
11.403 |
57.761 |
66.173 |
|
|
|
|
|
|
Sub Contract Expenses |
12.220 |
13.442 |
14.786 |
|
|
|
|
|
|
RM Opening stock for crusher |
-- |
7.438 |
8.407 |
|
|
|
|
|
|
RM Closing stock for crusher |
7.438 |
8.407 |
9.843 |
|
|
|
|
|
|
RM purchased for crusher |
14.211 |
41.780 |
50.669 |
|
|
|
|
|
|
FG Opening stock for crusher |
-- |
10.526 |
10.676 |
|
|
|
|
|
|
FG Closing stock for crusher |
10.526 |
10.676 |
12.296 |
|
|
|
|
|
|
SIP Opening stock for crusher |
-- |
0.563 |
0.580 |
|
|
|
|
|
|
SIP Closing stock for crusher |
0.563 |
0.580 |
0.666 |
|
|
|
|
|
|
Cost of land sold |
3.500 |
3.675 |
3.858 |
|
|
|
|
|
|
Employee benefit expenses |
2.444 |
5.764 |
5.808 |
|
|
|
|
|
|
Depreciation |
2.828 |
8.295 |
8.295 |
|
|
|
|
|
|
Preliminary expenses written off |
0.035 |
-- |
-- |
|
|
|
|
|
|
Gross Margin |
47.764 |
139.831 |
158.871 |
|
|
|
|
|
|
Other Expenses |
39.559 |
120.926 |
137.957 |
|
|
|
|
|
|
Consultancy Charges |
0.300 |
0.028 |
0.029 |
|
|
|
|
|
|
Office Expenses |
0.042 |
0.046 |
0.051 |
|
|
|
|
|
|
Printing and Stationery |
0.009 |
0.009 |
0.009 |
|
|
|
|
|
|
Legal Expenses |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
Audit Fee |
0.056 |
0.056 |
0.056 |
|
|
|
|
|
|
Rent |
0.314 |
0.314 |
0.323 |
|
|
|
|
|
|
Travelling and Conveyance |
0.380 |
0.494 |
0.642 |
|
|
|
|
|
|
Repair and Maintenance |
1.031 |
1.031 |
1.082 |
|
|
|
|
|
|
Vehicle Fuel |
36.771 |
118.198 |
134.887 |
|
|
|
|
|
|
Insurance |
0.100 |
0.105 |
0.110 |
|
|
|
|
|
|
Staff Welfare |
0.005 |
0.005 |
0.006 |
|
|
|
|
|
|
ROC Expenses |
0.002 |
-- |
-- |
|
|
|
|
|
|
Filling Fees |
0.010 |
-- |
-- |
|
|
|
|
|
|
Accounting Charges |
0.024 |
0.024 |
0.024 |
|
|
|
|
|
|
Site Expenses |
0.503 |
0.604 |
0.725 |
|
|
|
|
|
|
Interest on Taxes |
-- |
-- |
-- |
|
|
|
|
|
|
Professional Tax |
0.003 |
0.003 |
0.003 |
|
|
|
|
|
|
Finance Cost |
3.825 |
8.058 |
7.020 |
|
|
|
|
|
|
Bank Charges |
0.500 |
0.043 |
0.037 |
|
|
|
|
|
|
Interest on term loan |
3.325 |
8.015 |
6.983 |
|
|
|
|
|
|
Interest on Vehicle loan |
-- |
-- |
-- |
|
|
|
|
|
|
Profit before tax |
4.380 |
10.847 |
13.894 |
|
|
|
|
|
|
Current tax |
0.835 |
2.576 |
4.018 |
|
|
|
|
|
|
Profit after tax |
3.546 |
8.271 |
9.876 |
|
|
|
|
|
|
Retained Profit |
3.546 |
8.271 |
9.876 |
|
|
|
|
|
|
Retained Profit % |
100% |
100% |
100% |
|
|
|
|
|
|
Cash Accruals |
6.409 |
16.566 |
18.170 |
|
|
|
|
|
|
NP Ratio |
5.50% |
3.91% |
4.13% |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. KISHORE
KUMAR ROUT
(RS. IN MILLIONS)
BANK
|
BANK |
BRANCH |
SAVINGS / CURRENT / OTHERS |
ACCOUNT NO. |
|
|
|
|
|
|
State Bank of India |
Old Town |
Saving |
10378212693 |
|
|
|
|
|
DETAILS
OF ASSETS
IMMOVABLE ASSETS /
INVESTMENT AS ON 26.09.2014
|
ASSETS |
DETAILS AREA, LOCATION, MODEL, YEAR OF
MANUFACTURING ETC |
AMOUNT |
INVESTMENTS |
AMOUNT |
|
|
|
|
|
|
|
Landed Property |
Plot No. 1892/5911, Bargarh Mouza, Unit 3, Bhubaneswar |
3.850 |
LIC Policies |
4.200 |
|
|
Share of Land and Building at FCI Talcher 25% |
6.752 |
Investment in S N Jyoti Associates |
34.143 |
|
|
Share of Agriculture Land 25% |
1.630 |
Investment in S N Jyoti Associates Private Limited |
61.756 |
|
|
Share of Land and Building at Jaipur Town 25% |
2.772 |
Investment in S N Jyoti Infra Projects Private Limited |
2.717 |
|
|
|
|
Investment in Share and Mutual Fund |
0.288 |
|
|
|
|
|
|
|
Flat / House etc. |
Flat No. 105, Keshab, Balaji Complex, Jharpada, BBSR |
5.500 |
Deposit with Bank and Cash Balance |
1.650 |
|
|
Flat at Bhubaneswar – 4 Nos. @ Rs. 3.250 Millions |
13.000 |
Gold/ Silver Jewellery |
0.850 |
LIABILITIES
|
BORROWED FROM |
AMOUNT |
SECURITY OFFERED |
REPAYMENT TERMS |
PURPOSE |
|
Axis Bank |
7.006 |
Flat - 4 Nos |
15 Years |
Purchase of
Flats |
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS.
JYOTIRMAYEE ROUTRAY
(RS. IN MILLIONS)
BANK
|
BANK |
BRANCH |
SAVINGS / CURRENT / OTHERS |
ACCOUNT NO. |
|
|
|
|
|
|
State Bank of India |
Old Town |
Saving |
10378212693 |
|
|
|
|
|
DETAILS
OF ASSETS
IMMOVABLE ASSETS /
INVESTMENT AS ON 26.09.2014
|
ASSETS |
DETAILS AREA, LOCATION, MODEL, YEAR OF
MANUFACTURING ETC |
AMOUNT |
INVESTMENTS |
AMOUNT |
|
|
|
|
|
|
|
Landed Property |
959, Mahavir Nagar, Road No. 3, Govind Prasad, Bhubaneswar, Orissa, India |
17.850 |
LIC Policies |
0.250 |
|
Investment in S N Associates |
24.410 |
|||
|
|
|
|
|
|
|
Flat / House etc. |
Flat at Bhubaneswar – 2 Nos @ Rs. 3.250 Millions |
6.500 |
Investment in S N Jyoti Infra Projects Private Limited |
2.717 |
|
Investment in S N Jyoti Associates Private Limited |
44.027 |
|||
|
Investment in Share and Mutual Fund |
0.095 |
|||
|
Deposits with Banks and Cash Balance |
1.080 |
|||
|
Gold/ Silver Jewellery |
1.150 |
LIABILITIES
|
BORROWED FROM |
AMOUNT |
SECURITY OFFERED |
REPAYMENT TERMS |
PURPOSE |
|
Axis Bank |
3.610 |
Flat - 2 Nos |
15 Years |
Purpose of Flats
|
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10237247 |
29/01/2013 * |
217,700,000.00 |
BANK OF INDIA |
BHUBANESWAR MID CORPORATE BRANCH, N-1/298, 1ST FLOOR, NAYAPALLI, BHUBANESWAR, ORISSA - 751015, INDIA |
B68054931 |
* Date of charge modification
------------------------------------------------------------------------------------------------------------------------------
COMPANY OVERVIEW
Subject an ISO
9001-2008 company, formerly SN JYOTI ASSOCIATES (since 2003), was registered in
the year 2012 as a Private Limited entity under business expansion plan by the
group promoters. The company has been continuously performing in the field of
construction and infrastructure industry with rapid pace for the last one
decade. Since inception the company has made remarkable growth with tremendous
market credibility and basic principles of business ethics, even in toughest
conditions.
The company is
strongly led under the dynamic leadership of Mr. Kishore Kumar Rout (Managing
Director, SNJAPL), an intelligent technocrat with strong business sense and
capability taking forward with sustainable and progressive Business Plan. The
Business Plan acts as an “engine of growth” and aims to consolidate and
implement the strategies that will allow SNJAPL to reach its goal and realize
its vision. The Business Plan enables SNJAPL to harness its resources to stay
ahead in the emerging external market environment. A company valuing true human
efforts along with social responsibilities, a company that believes in ability
to perform, has made significant growth with last year’s annual turnover of
more than Rs. 580.000 Millions.
VISION
· To be amongst the most admired and trusted integrated company, delivering reliable and quality services to all customers at competitive costs, with international standards of customer care – thereby creating superior values for all associates
To
set new benchmarks in standards of corporate performance and governance through
the pursuit of operational and financial excellence, responsible citizenship
and profitable growth.
MISSION: Infrastructure Excellence
· To attain global best practices and become a world-class utility.
To
create world-class assets and infrastructure to provide the platform for faster
and consistent growth.
To
achieve excellence in service, quality, reliability and safety.
To
earn the trust and confidence of all customers by exceeding their expectations.
To
work with vigor, dedication and innovation with total customer satisfaction as
the ultimate goal.
To
consistently achieve high growth with the highest levels of productivity.
To
be a technology driven, efficient and financially sound organization.
To
be a responsible corporate citizen, nurturing human values and concern for
society, the environment and above all, people.
To
cultivate a work culture that fosters individual growth, team spirit and
creativity to overcome challenges and attain goals.
To
uphold the guiding principles of trust, integrity and transparency in all
aspects of interactions and dealings.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCES
· Tata Projects [Gopalpur]
Contact Person: Mr. VSG Rao
· OCC [Puri]
Contact Person: Mr. Tapan
Pattnaik
· IVRCL Projects [Bhubaneswar]
Contact Person: Mr. Ramesh
------------------------------------------------------------------------------------------------------------------------------
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. 61.85 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 77.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.