MIRA INFORM REPORT

Report No. :	347882
Report Date :	04.11.2015

IDENTIFICATION DETAILS

Name :	JAKSON ENGINEERS LIMITED
Registered Office :	A – 626, 6th Floor, DLF Tower A, Jasola, New Delhi-110044
Tel. No.:	91- 11-65457615 / 17
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.01.1981
Com. Reg. No.:	55-011261
Capital Investment / Paid-up Capital :	Rs.2.426 Million
CIN No.: [Company Identification No.]	U74210DL1981PLC011261
IEC No.:	0594057116
TAN No.: [Tax Deduction & Collection Account No.]	DELJ04454C / DELJ05127D
PAN No.: [Permanent Account No.]	AAACJ1625K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the manufacturing of control panels and switchgears.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1981. It is a part of Jakson group and has fine track. The rating takes into consideration sound and healthy financial condition of the company marked by strong capital structure in FY14. However, the management has reported marginal decrease in its revenue base along with decrease in profit margin in the same consecutive year. However, the rating also factors in company’s experienced promoters in the electrical equipment business, its long track record of operations and strong brand name with reputed client base. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitments. In view of aforesaid, the subject can be considered for business dealings with 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, 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	CARE
Rating	Long term Bank Facilities = A+
Rating Explanation	Adequate degree of safety and low credit risk.
Date	April 20, 2015

Rating Agency Name	CARE
Rating	Short term Bank Facilities = A1+
Rating Explanation	Very Strong degree of safety and carry lowest credit risk.
Date	April 20, 2015

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Rakesh Sharma
Designation :	Chief Executive Officer in Finance
Contact No.:	91-9811772211
Date :	03.11.2015

LOCATIONS

Registered Office :	A – 626, 6th Floor, DLF Tower A, Jasola, New Delhi-110044, India
Tel. No.:	91- 11-65457615 / 17
Mobile No.:	91-9811772211 (Mr. Rakesh Sharma)
Fax No.:	Not Available
E-Mail :	anuj.dhiman@jakson.com
Website :	http://www.jakson.com
Corporate Office :	A-43, Phase – II (Extension), Opp. Nepz, Noida – 201 305, India
Tel. No.:	91-120-4302600 / 2568923-27
Fax No.:	91-124-4568585

DIRECTORS

As on 30.09.2014

Name :

Mr. Sameer Gupta

Designation :

Managing Director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

02.03.2009

DIN No.:

00513925

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Managing director	02/03/2009	01/12/1989	-	Active	NO
2	U74899DL1988PTC032381	JAKSON GENERATORS PRIVATE LIMITED	Director	10/04/1993	10/04/1993	07/12/2013	Active	NO
3	U51219WB1995PTC067321	HEMANGI VYAPAR PVT.LTD.	Director	11/01/1995	11/01/1995	31/03/2015	Active	NO
4	U70101WB1997PTC082732	SAND PROPERTIES PRIVATE LIMITED	Director	29/01/1997	29/01/1997	30/03/2015	Active	NO
5	U74899DL1997PLC088808	JAKSON LIMITED	Managing director	01/04/2007	13/07/1997	-	Active	NO
6	U72900DL2004PTC183874	EMIRATES TECHNOLOGIES PRIVATE LIMITED	Director	29/03/2006	03/12/2004	-	Active	NO
7	U27104OR2004PLC007916	KONARK CONCAST AND POWER LIMITED	Director	17/12/2004	17/12/2004	09/07/2008	Active	NO
8	U45201DL2006PTC145580	ASCOT INFRASTRUCTURE PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
9	U45201DL2006PTC145584	ASCOT PROJECTS PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
10	U45201DL2006PTC145579	KONARK BUILDWELL PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
11	U52110WB1997PTC083501	GOODVIEW TRADING PRIVATE LIMITED	Director	02/08/2006	02/08/2006	-	Active	NO
12	U45200DL2006PTC156486	AARGEE CONTRACTS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	20/12/2010	Active	NO
13	U45400DL2007PTC163188	KONARK INFRAPROJECTS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	30/03/2015	Active	NO
14	U51109GJ1991PLC057955	HANS ISPAT LIMITED	Director	25/12/2007	25/12/2007	29/01/2010	Active	NO
15	U70102DL2008PTC177094	EMIRATES INFRAPROJECTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
16	U70102DL2008PTC177097	EMIRATES INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	02/08/2011	Active	NO
17	U45201DL2005PTC139351	ROOPAK INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
18	U45201DL2005PTC139340	POORTI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	30/03/2015	Active	NO
19	U70101DL2005PTC134557	NISHTHA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	30/03/2015	Active	NO
20	U45201DL2005PTC139317	SARVAPRIYA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	30/03/2015	Active	NO
21	U51909WB2005PTC103214	GODAVRI VANIJYA PRIVATE LIMITED	Director	06/10/2009	06/10/2009	31/03/2015	Active	NO
22	U29220DL2010PTC201302	JAKSON ENTERPRISES PRIVATE LIMITED	Managing director	08/04/2010	08/04/2010	-	Active	NO
23	U70200DL2010PTC204894	AARGEE INFRAMART PRIVATE LIMITED	Director	28/06/2010	28/06/2010	31/03/2015	Active	NO
24	U70200DL2010PTC204902	AARGEE REALPROP PRIVATE LIMITED	Director	28/06/2010	28/06/2010	31/03/2015	Active	NO
25	U40101DL2011PTC220425	JAKSON POWER PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
26	U45400DL2011PTC220658	KONARK DWELLING PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
27	U45400DL2011PTC220655	EMIRATES HABITAT PRIVATE LIMITED	Director	09/06/2011	09/06/2011	31/03/2015	Active	NO
28	U45400DL2011PTC220656	EMIRATES HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	31/03/2015	Active	NO
29	U45400DL2011PTC220657	EMIRATES RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	31/03/2015	Active	NO
30	U45400DL2011PTC220659	KONARK RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	30/03/2015	Active	NO
31	U45400DL2011PTC220660	KONARK HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	30/03/2015	Active	NO
32	U45400DL2011PTC220662	KONARK INFRABUILD PRIVATE LIMITED	Director	09/06/2011	09/06/2011	30/03/2015	Active	NO
33	U55101DL2011PTC227949	Jakson Hospitality Private Limited	Director	25/11/2011	25/11/2011	-	Active	NO
34	U45400DL2012PTC243040	ECO TOWERS PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
35	U70109DL2012PTC243047	ZEST INFRATECH PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
36	U45200DL2013PTC249949	ZEST RESIDENCY PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
37	U45200DL2013PTC249959	ZEST VILLAS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
38	U45400DL2013PTC249934	KONARK HEIGHTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	30/03/2015	Active	NO
39	U45400DL2013PTC249936	KONARK RESIDWELL PRIVATE LIMITED	Director	28/03/2013	28/03/2013	31/03/2015	Active	NO
40	U45204DL2013PTC249946	KONARK DWELLTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	30/03/2015	Active	NO
41	U45400DL2013PTC251342	ZEST HEIGHTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
42	U45400DL2013PTC251339	ASCOT BUILDTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
43	U45200DL2013PTC251422	ZEST DWELLINGS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
44	U45400DL2013PTC251361	ZEST GREEN PROJECTS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	31/03/2015	Active	NO
45	U45200DL2013PTC252712	ASCOT GREEN PROJECTS PRIVATE LIMITED	Director	25/05/2013	25/05/2013	31/03/2015	Active	NO
46	U40300DL2013PTC254961	JAKSON ENERGY PRIVATE LIMITED	Director	05/07/2013	05/07/2013	31/03/2015	Active	NO
47	U40300DL2013PTC254987	JAKSON SOLAR PRIVATE LIMITED	Director	05/07/2013	05/07/2013	31/03/2015	Active	NO
48	U70102DL2013PTC261654	ASCOT HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	31/03/2015	Active	NO
49	U70102DL2013PTC261656	ZEST DWELLTECH PRIVATE LIMITED	Director	06/12/2013	06/12/2013	30/03/2015	Active	NO
50	U70102DL2013PTC261658	ZEST HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	31/03/2015	Active	NO
51	U70109DL2013PTC262075	ASCOT INFRAPROJECTS PRIVATE LIMITED	Director	12/12/2013	12/12/2013	31/03/2015	Active	NO
52	U70109DL2013PTC262086	ZEST RESIDWELL PRIVATE LIMITED	Director	12/12/2013	12/12/2013	31/03/2015	Active	NO

Name :

Mr. Satish Kumar Gupta

Designation :

Managing Director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

01.04.2011

DIN No.:

00513975

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Managing director	01/04/2011	16/01/1981	-	Active	NO
2	U74899DL1997PLC088808	JAKSON LIMITED	Director	13/07/1997	13/07/1997	-	Active	NO
3	U70102DL2008PTC177094	EMIRATES INFRAPROJECTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
4	U70102DL2008PTC177097	EMIRATES INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	02/08/2011	Active	NO
5	U65990MH1994PTC077115	KALPESHA INVESTMENTS PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	YES

Name :

Mr. Sundeep Gupta

Designation :

Director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

01.10.1996

DIN No.:

00514034

Name :

Mr. Sunil Kumar Narang

Designation :

Director

Address :

E-65, Sarita Vihar, New Delhi - 110044, India

Date of Appointment :

07.01.2005

DIN No.:

00514222

Name :

Mr. Punit Gupta

Designation :

Director

Address :

B-1/109,, Paschim Vihar, New Delhi - 110063, India

Date of Appointment :

30.09.2015

DIN No.:

00096043

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1993PTC056430	ARG DISTRIBUTORS PRIVATE LIMITED	Director	01/07/1996	01/07/1996	-	Active	NO
2	U31909DL2003PTC121329	NEWAGE GENERATORS PRIVATE LIMITED	Director	16/07/2003	16/07/2003	-	Active	NO
3	U55209DL2007PTC160910	PEPPERMINT ENTERTAINMENT PRIVATE LIMITED	Director	21/03/2007	21/03/2007	-	Strike off	NO
4	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	30/09/2015	12/03/2015	-	Active	NO
5	U74899DL1997PLC088808	JAKSON LIMITED	Director	30/09/2015	12/03/2015	-	Active	NO

Name :

Mr. Ashok Jain

Designation :

Director

Address :

H. No. 951/17B, Sector-17B, Gurgaon -122001, Haryana, India

Date of Appointment :

30.09.2015

DIN No.:

01132483

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51398DL1993PTC052526	ASCETIC COTTAGE ARTS PRIVATE LIMITED	Director	11/09/1993	11/09/1993	01/12/2014	Active	NO
2	U14293KA1994PTC016423	TSUBOSAKA AIV INDIA PRIVATE LIMITED	Director	07/03/2007	07/03/2007	-	Active	NO
3	U27205DL2006PTC144954	SOLITAIRE GEMS PRIVATE LIMITED	Director	01/11/2007	01/11/2007	-	Active	YES
4	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	30/09/2015	12/03/2015	-	Active	NO
5	U74899DL1997PLC088808	JAKSON LIMITED	Director	30/09/2015	12/03/2015	-	Active	NO

Name :

Mr. Aparajitha Ramadyani

Designation :

Additional Director

Address :

19, Vyasar Street, T. Nagar, Chennai - 600017, Tamil Nadu, India

Date of Appointment :

12.03.2015

DIN No.:

02904123

KEY EXECUTIVES

Name :	Mr. Rakesh Sharma
Designation :	Chief Executive Officer in Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Sandeep Gupta	2180
Satish Kumar Gupta	10530
Sameer Gupta	2180
Raghav Gupta	10
Bharat Gupta	10
Savita Gupta	5400
Anita Gupta	1975
Bhawana Gupta	1975
Total	24260

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the manufacturing of control panels and switchgears.

Products :

Item Code No.	Product Description
99887130	engineering goods

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Information declined by the management

Bankers :

Bank Name	HDFC Bank Limited
Branch	HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• Syndicate Bank, G B Road, Delhi – 110006, India

• Standard Chartered Bank, CDU, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Rupee term loans from banks	67.690	0.000
Working capital loans from banks	0.000	92.279
Total	67.690	92.279

Auditors :
Name :	Walker Chandiok and Company LLP Chartered Accountants
Address :	L - 4 1 , Connaught Circus, New Delhi-110001, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFW4298E
Memberships :	Not Available
Collaborators :	Not Available
Entities where significant influence is exercised by KMP having transactions with the company Jakson Limited	Jakson Enterprises Private Limited, India U29220DL2010PTC201302 Ascot Infrastructure Private Limited Jakson Enterprises (Partnership firm) Emirates Technologies Private Limited Jakson Hospitality Private Limited
Wholly owned Indian subsidiaries	Jakson Solar Private Limited Jakson Energy Private Limited
Wholly owned Foreign subsidiaries	Jakson International Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24260	Equity Shares	Rs.100/- each	Rs.2.426 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	2.426	2.426	2.426
(b) Reserves & Surplus	1326.129	1206.380	1007.220
(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)	1328.555	1208.806	1009.646
(3) Non-Current Liabilities
(a) long-term borrowings	245.987	335.242	0.000
(b) Deferred tax liabilities (Net)	4.289	2.775	5.041
(c) Other long term liabilities	0.498	0.298	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	250.774	338.315	5.041
(4) Current Liabilities
(a) Short term borrowings	67.690	92.279	642.467
(b) Trade payables	1087.795	980.613	420.408
(c) Other current liabilities	273.858	329.581	126.995
(d) Short-term provisions	0.173	34.059	0.211
Total Current Liabilities (4)	1429.516	1436.532	1190.081
TOTAL	3008.845	2983.653	2204.768
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	584.091	442.979	467.105
(ii) Intangible Assets	9.949	3.966	0.000
(iii) Capital work-in-progress	50.202	91.159	11.104
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	634.816	634.616	613.521
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	121.570	67.282	44.104
(e) Other Non-current assets	10.628	5.371	5.000
Total Non-Current Assets	1411.256	1245.373	1140.834
(2) Current assets
(a) Current investments	107.581	306.569	142.673
(b) Inventories	708.981	536.271	286.914
(c) Trade receivables	665.199	793.472	480.030
(d) Cash and cash equivalents	30.694	29.185	78.491
(e) Short-term loans and advances	84.254	72.047	71.526
(f) Other current assets	0.880	0.736	4.300
Total Current Assets	1597.589	1738.280	1063.934
TOTAL	3008.845	2983.653	2204.768

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from Operations	3239.340	3566.563	2386.525
	Other Income	79.581	39.185	86.875
	TOTAL (A)	3318.921	3605.748	2473.400
Less	EXPENSES
	Cost of Materials Consumed	1436.450	1412.431	1945.947
	Purchases of Stock-in-Trade	1451.867	1685.014	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(132.236)	(159.482)	3.360
	Employees benefits expense	151.705	154.920	141.766
	Prior Period items before tax	6.929	4.703	0.182
	Other expenses	158.680	153.686	147.903
	TOTAL (B)	3073.395	3251.272	2239.158
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	245.526	354.476	234.242
Less	FINANCIAL EXPENSES (D)	9.044	3.767	2.253
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	236.482	350.709	231.989
Less	DEPRECIATION/ AMORTISATION (F)	64.331	53.399	35.047
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	172.151	297.310	196.942
Less	TAX (H)	52.402	98.150	65.889
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	119.749	199.160	131.053
	Earnings / (Loss) Per Share (Rs.)	4,936	8,209	5,402

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
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		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.70	5.58	5.49
Operating Profit Margin (PBIDT/Sales)	(%)	7.58	9.94	9.82
Return on Total Assets (PBT/Total Assets}	(%)	7.41	13.17	12.46
Return on Investment (ROI) (PBT/Networth)		0.13	0.25	0.20
Debt Equity Ratio (Total Debt /Networth)		0.24	0.35	0.64
Current Ratio (Current Asset/Current Liability)		1.12	1.21	0.89

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2.426	2.426	2.426
Reserves & Surplus	1007.220	1206.380	1326.129
Net worth	1009.646	1208.806	1328.555
long-term borrowings	0.000	335.242	245.987
Short term borrowings	642.467	92.279	67.690
Total borrowings	642.467	427.521	313.677
Debt/Equity ratio	0.636	0.354	0.236

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2386.525	3566.563	3239.340
		49.446	(9.175)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2386.525	3566.563	3239.340
Profit	131.053	199.160	119.749
	5.49%	5.58%	3.70%

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	Yes
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	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
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

NOTE: Registered office of the company has been shifted from A 626, 6^th Floor, DLF Tower A, Jasola, New Delhi – 110076, India to the present address w.e.f. 29.07.2013

PRESS RELEASE

Latest News

July 3, 2014

Jakson to Set-up Roof-top Solar Plants for Delhi Metro Rail Corporation (DMRC)

Jakson Engineers Ltd., a subsidiary of Jakson Group, recently signed a Power Purchase Agreement (PPA) with DMRC, duly approval by Solar Energy Corporation of India. The agreement involves setting up of rooftop solar power plants at Pragati Maidan metro station (85Kwp), Anand Vihar metro station (115Kwp) and one of their residential complex at Metro Enclave, Saket (50 Kwp).

Mr. Sundeep Gupta, Joint-Managing Director, Jakson Group also shared his views on the same, “This association with India’s foremost metro corporation, DMRC is a moment of great pride for us. With our expertise, we are sure that we execute the projects on time. We hope for a long and mutually beneficial relationship with DMRC where we will get more such opportunities for other stations, depots, parking lots as well as residential complexes.”

Moreover, the company will set up these units at DMRC’s three premises with an aggregate capacity of 250 Kwp. Jakson is targeting to commission these three projects within next six months.

The solar power generated by these plants will be used for DMRC’s operational requirements including station lighting and other loads. The plants will come up as per the RESCO model. Under this model, DMRC will pay for the units generated by the plants while Jakson shall provide for the capital investment.

FINANCIAL HIGHLIGHTS

During the Year the Company has earned Net Income of Rs. 119.749 Million.

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from related parties	245.987	335.242
Total	245.987	335.242

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10444940	27/08/2013	1,400,000,000.00	Standard Chartered Bank	(Acting as an Security Agent) C D U, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001,  INDIA	B83027375
2	10444947	27/08/2013	1,400,000,000.00	Standard Chartered Bank	(Acting as an Security Agent) C D U, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001,  INDIA	B83027995
3	10444490	14/11/2014 *	500,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR.  ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra -  400018, INDIA	C45667524
4	10377195	28/07/2012	300,000,000.00	Standard Chartered Bank	CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA  KHAMBA ROAD, NEW DELHI -110001, INDIA	B58376583
5	10154044	12/03/2009	110,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A61192761
6	10108929	05/07/2012 *	300,000,000.00	Citibank N.A	Jeevan Bharti Building, 4th Floor, 124, Connaught  Circus, Connaught Place, New Delhi, Delhi - 110001, INDIA	B43350172

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Claims against company not acknowledged as debt	4.641	4.619
Guarantees	243.373	62.939
Other money for which company is contingently liable	1409.643	1407.074

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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 records 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.65.45
UK Pound	1	Rs.100.96
Euro	1	Rs.72.10

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KIN
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		59

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	--

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.