MIRA
INFORM REPORT
|
Report No. : |
333705 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAGDISH GLASS WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A 58/4, Sainik Farms, |
|
Tel. No.: |
91-9837069084 (Mr. Sunil Kumar Agarwal) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.04.1999 |
|
|
|
|
Com. Reg. No.: |
55-099369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1999PTC099369 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ9610J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Buying, Selling, Importing and Exporting and otherwise
dealing in all types of glass, Levelled and unlevelled silvered sheet, curved
or flat laminated glass, toughened glass, fibre glass, welding glass, silver
glass coloured glass, float and flats glass, glass wares, glass sheet, glass
bangles, lead mirror, mirror, decorative glass, Ice-flowered glass, glass
doors, glass fitting, glass fancy lights and glass sheets. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. As claimed by Mr. Sunil Agarwal (Director), Subject was originally
established as a partnership concern but, later it got converted into private
limited company on 20.04.1999. Further he denied providing any other
information about the subject to us. As per ROC record, Jagdish Glass Works Private Limited is a Private
Company incorporated on 20 April 1999. It is classified as Indian
Non-Government Company and is registered at Registrar of Companies, Delhi.
Its authorized share capital is Rs. 16.000 Million and its paid up capital is
Rs. 15.800 Million. Management of the company has failed to file its financials with the
government department after FY 2011. However business is active as per the status in the Registrar of
Companies. Payment terms are reported to be unknown. In the view of lack of requisite information, the company can be
considered for business dealing on safe and secure 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Sunil Kumar Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9837069084 |
|
Date : |
27.07.2015 |
LOCATIONS
|
Registered Office : |
A 58/4, Sainik Farms, Mehrauli Road, New Delhi-110062, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9837069084 (Mr. Sunil Kumar Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Works : |
Behind Asija Cold Storage, Agra Road, Firozabad – 283203, Uttar
Pradesh, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sachin Agarwal |
|
Designation : |
Director |
|
Address : |
C- 118, Greater Kailash – 1, New Delhi – 110048, India |
|
Date of Birth/Age : |
10.01.1981 |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
01036357 |
|
|
|
|
Name : |
Mr. Sunil Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
79- Durga Nagar, Firozabad – 283203, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.10.1971 |
|
Date of Appointment : |
20.04.1999 |
|
DIN No.: |
01776413 |
|
|
|
|
Name : |
Mr. Nanak Chand Agarwal |
|
Designation : |
Director |
|
Address : |
79- Durga Nagar, Firozabad – 283203, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.11.1947 |
|
Date of Appointment : |
03.03.2009 |
|
DIN No.: |
01205718 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kumer Sen Agrawal |
|
247500 |
|
Nanak Chand Agrawal |
|
301200 |
|
Sunil Kumar Agrawal |
|
181300 |
|
Rani Agrawal |
|
121600 |
|
Manju Agrawal |
|
60000 |
|
Puneeta Agrawal |
|
67800 |
|
Sanjeev Agrawal |
|
83600 |
|
Anil Kumar Agrawal |
|
8700 |
|
Manoj Agrawal |
|
119000 |
|
Sudha Agrawal |
|
11200 |
|
Pragya Agrawal |
|
12900 |
|
Mamta Agrawal |
|
9500 |
|
Suresh Chand Agrawal |
|
1700 |
|
Dinesh Chand Agrawal |
|
2300 |
|
Bimal Chand Agrawal |
|
3700 |
|
Suresh Chand Agrawal (HUF) |
|
9600 |
|
Sunil Kumar Agrawal (HUF) |
|
5100 |
|
B.C. Agrawal (HUF) |
|
2000 |
|
D.C. Agrawal (HUF) |
|
2700 |
|
B.K. Agrawal (HUF) |
|
2900 |
|
Trapti Agrawal |
|
8800 |
|
Dolly Agrawal |
|
18000 |
|
Deepti Agrawal |
|
15500 |
|
Manish Agrawal |
|
16000 |
|
Sachin/ Sonu Agrawal |
|
52400 |
|
Monu Agrawal |
|
8000 |
|
Nitin Agrawa |
|
18000 |
|
Rinki Agrawal |
|
8000 |
|
Parul Agrawal |
|
8000 |
|
Vandna Agrawal |
|
6000 |
|
Suchi Agrawal |
|
7000 |
|
Memo Devi |
|
20000 |
|
Sheela Jain |
|
10000 |
|
Usha Jain |
|
10000 |
|
Ram Gopal |
|
10000 |
|
Pradeep Jain |
|
10000 |
|
Praveen Jain |
|
10000 |
|
Ashok Jain |
|
10000 |
|
Hoti Lal |
|
10000 |
|
Prem Chand |
|
10000 |
|
Ram Kishan Agrawal |
|
10000 |
|
Rakesh Agrawal |
|
10000 |
|
Ramesh Chand Agrawal |
|
10000 |
|
Mayank Agrawal |
|
10000 |
|
Anupma Agrawal |
|
10000 |
|
Rohit Agrawal |
|
10000 |
|
Total |
|
1580000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Buying, Selling, Importing and Exporting and otherwise
dealing in all types of glass, Levelled and unlevelled silvered sheet, curved
or flat laminated glass, toughened glass, fibre glass, welding glass, silver
glass coloured glass, float and flats glass, glass wares, glass sheet, glass
bangles, lead mirror, mirror, decorative glass, Ice-flowered glass, glass
doors, glass fitting, glass fancy lights and glass sheets. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
`
|
Auditors : |
|
|
Name : |
R.P. Goel and Company Chartered Accountants |
|
Address : |
431/18, Arya Nagar, IN-Front of Rajdhani Travels, Firozabad – 283203,
Uttar Pradesh, India |
|
Tel. No.: |
91-5612-241539 / 244092 / 244618 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFR5663B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Other related parties : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 17.300 Million
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
Rs.10/- each |
Rs.16.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1580000 |
Equity Shares |
Rs.10/- each |
Rs.15.800
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
17.300 |
17.300 |
17.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(1.347) |
(2.220) |
(0.116) |
|
|
NETWORTH |
15.953 |
15.080 |
17.184 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.953 |
15.080 |
17.184 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.964 |
1.145 |
1.392 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.340 |
2.382 |
4.017 |
|
|
DEFERREX TAX ASSETS |
0.360 |
0.404 |
0.445 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.003
|
0.003
|
0.003
|
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.049
|
1.250
|
0.295
|
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
13.615
|
13.406
|
12.264
|
|
Total
Current Assets |
13.667
|
14.659
|
12.562
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.947
|
3.046
|
0.542
|
|
|
Provisions |
0.431
|
0.464
|
0.690
|
|
Total
Current Liabilities |
1.378
|
3.510
|
1.232
|
|
|
Net Current Assets |
12.289
|
11.149
|
11.330
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.953 |
15.080 |
17.184 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Current Ratio (Current Asset/Current Liability) |
|
0.04 |
0.36 |
0.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
17.300 |
17.300 |
17.300 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(Accumulated Losses) |
(0.116) |
(2.220) |
(1.342) |
|
Net
worth |
17.184 |
15.080 |
15.958 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10240430 |
21/08/2010 |
4,297,468.86 |
Canara Bank |
SME Branch,, Sanjay Place, Agra, Uttar Pradesh - 282002, INDIA |
A94876463 |
FIXED ASSETS
LAND AND BUILDING
·
Land
·
Building
PLANT AND MACHINERY
·
(Equip) Machinery
·
Chimney
·
Generator
·
Moulds
·
Furnace
·
Gas Control System
·
Blower
·
Gas Pipeline and Fitting
·
Oil Storage Tank
·
Weighting Machine
FURNITURE AND FIXTURE
OTHERS
·
Bicycle
·
Electric Fitting
·
Car
·
Television
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 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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.