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|
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
501426 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JRG AUTOMOTIVE (INDIA) PRIVATE LIMITED (w.e.f. 18.05.2017) |
|
|
|
|
Formerly Known
As : |
POLYPLASTICS AUTOMOTIVE (INDIA) PRIVATE LIMITED (w.e.f. 16.09.2009) MEDALLION INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
DSM 410-411, DLF Towers, Shivaji Marg, Delhi - 110015 |
|
Tel. No.: |
91-11-49488500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.04.2007 |
|
|
|
|
Com. Reg. No.: |
55-161744 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 98.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25190DL2007PTC161744 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0509053467 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM0656C |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
07AAFCM0656C1ZT |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a subsidiary of JRG Holdings
Private Limited As per the financial of 2017, the company has reported a decline in
its revenue as compared to the previous year’s revenue. It has reported a
minimal net profit of 0.02%. The company has satisfactory financial position marked by adequate
networth base along with poor liquidity position. Rating is constrained on account of delays in debt servicing. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings
on safe and secured trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans : D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
26.03.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term loans : D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
26.03.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2184-264042 |
|
Date : |
31.03.2018 |
LOCATIONS
|
Registered Office : |
DSM 410-411, DLF Towers, Shivaji Marg, Delhi – 110015, India |
|
Tel. No.: |
91-11-49488500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
JRG House, B-681, Sushant Lok-I, Gurugram-122001, Haryana, India |
|
Tel. No.: |
91-124-4035799 |
|
E-Mail : |
|
|
|
|
|
Unit-I : |
Plot-16, Sector-5, HSIIDC Bawal, District Rewari-123501, Haryana, India |
|
|
|
|
Unit-II : |
Plot Nos-22, 23, 24, Sector-7, HSIIDC, Growth Centre, Bawal, District Rewari-123501, Haryana, India |
|
|
|
|
Unit-III : |
Survey Nos-152, 175, 176, 184, Village-Karsanpura, Ahmedabad-382130, Gujarat, India |
|
|
|
|
Unit-IV : |
Plot Nos-15, Sector-5, HSIIDC, Bawal, District -Rewari-123501, Haryana, India, |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Usha Goyal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi-110034,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.03.1971 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.09.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AECPG5220J |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00787457 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pawan Goyal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi-110034,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.02.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.09.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACIPG7822L |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01640773 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Jahanvi Goyal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi 110034,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1997 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.05.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
BQOPG8219A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07173194 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Suruchi Gera |
|
Designation : |
Company Secretary |
|
Address : |
A-61, Anand Vihar, Uttam Nagar, Delhi-110059, India |
|
Date of Birth/Age : |
27.11.1987 |
|
Date of Appointment : |
10.03.2014 |
|
PAN No.: |
BENPG1279K |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pawan Goyal |
247288 |
2.52 |
|
Usha Goyal |
247290 |
2.52 |
|
Polyplastics Industries (India) Private Limited, India |
464478 |
4.74 |
|
J.R.G. Holdings Private Limited, India |
8850944 |
90.22 |
|
Total |
9810000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image006.gif)
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
5.04 |
|
Promoters (Body corporate) |
90.22 |
|
Public/Other than promoters (Body corporate) |
4.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. (Registered Activity) |
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Products / Services
: |
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||||||||
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Brand Names : |
Not Available |
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||||||||
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Agencies Held : |
Not Available |
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||||||||
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Exports : |
Not Divulged |
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|
||||||||
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Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ravindra Kumar and Associates Chartered Accountants |
|
Address : |
F-2, 1St Floor, B-243, Shalimar Garden Main, Sahibabad, Ghaziabad, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
BNOPK8991C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
JRG Holdings Private Limited. CIN No.: U74140DL2007PTC172064 |
|
|
|
|
Fellow subsidiaries
: |
· Sanko Gosei JRG Automotive India Private Limited · Goyal Engineering Polymers Private Limited · Poly Colour and Compounds Private Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· JRG Infrastructure Private Limited · JRG Automotive Private Limited · Incotec Enterprises Private Limited |
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9810000 |
Equity Shares |
INR 10/- each |
INR 98.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
98.100 |
98.100 |
98.100 |
|
(b) Reserves and Surplus |
163.500 |
163.330 |
54.988 |
|
(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) |
261.600 |
261.430 |
153.088 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
226.149 |
249.679 |
244.206 |
|
(b) Deferred tax liabilities (Net) |
6.528 |
5.547 |
6.087 |
|
(c) Other long-term
liabilities |
13.660 |
30.004 |
25.452 |
|
(d) long-term
provisions |
0.842 |
0.727 |
0.692 |
|
Total Non-current
Liabilities (3) |
247.179 |
285.957 |
276.437 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
50.088 |
94.779 |
|
(b) Trade
payables |
608.074 |
509.863 |
344.726 |
|
(c) Other
current liabilities |
106.362 |
153.695 |
148.245 |
|
(d) Short-term
provisions |
5.222 |
4.899 |
5.645 |
|
Total Current
Liabilities (4) |
719.658 |
718.545 |
593.395 |
|
|
|
|
|
|
TOTAL |
1228.437 |
1265.932 |
1022.920 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
357.353 |
381.013 |
291.340 |
|
(ii) Intangible Assets |
0.224 |
0.336 |
0.185 |
|
(iii) Tangible assets capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
3.336 |
3.336 |
2.763 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
360.913 |
384.685 |
294.288 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
126.517 |
248.827 |
246.297 |
|
(c) Trade receivables |
375.163 |
210.423 |
67.586 |
|
(d) Cash and bank balances |
1.352 |
1.002 |
1.861 |
|
(e) Short-term loans and advances |
351.430 |
406.998 |
395.991 |
|
(f) Other current assets |
13.062 |
13.997 |
16.897 |
|
Total
Current Assets |
867.524 |
881.247 |
728.632 |
|
|
|
|
|
|
TOTAL |
1228.437 |
1265.932 |
1022.920 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
691.108 |
709.505 |
943.476 |
|
|
Other Income |
36.029 |
7.965 |
7.034 |
|
|
TOTAL |
727.137 |
717.470 |
950.510 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
514.789 |
470.969 |
698.314 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.757 |
10.416 |
(4.057) |
|
|
Employee benefit expense |
77.800 |
87.857 |
82.745 |
|
|
Other expenses |
70.476 |
83.751 |
94.366 |
|
|
Prior period items |
0.000 |
(0.560) |
(0.148) |
|
|
TOTAL |
676.822 |
652.433 |
871.220 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
50.315 |
65.037 |
79.290 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.034 |
40.714 |
37.328 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.281 |
24.323 |
41.962 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.129 |
23.853 |
41.186 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1.152 |
0.470 |
0.776 |
|
|
|
|
|
|
|
Less |
TAX |
0.982 |
(0.540) |
0.868 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.170 |
1.010 |
(0.092) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.02 |
0.10 |
(0.01) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
38.786 |
54.137 |
31.899 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
99.359 |
85.993 |
113.826 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
198.14 |
108.25 |
26.15 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.84 |
3.37 |
13.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
431.14 |
395.14 |
180.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.40 |
0.26 |
0.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.14 |
0.17 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.80 |
0.81 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.01 |
1.35 |
2.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
2.75 |
2.75 |
3.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.37 |
1.46 |
1.90 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.09 |
1.60 |
2.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.02 |
0.14 |
(0.01) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.01 |
0.08 |
(0.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.06 |
0.39 |
(0.06) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.21 |
1.23 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.03 |
0.88 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.21 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.70 |
3.61 |
3.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.21 |
1.23 |
1.23 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
98.100 |
98.100 |
98.100 |
|
Reserves & Surplus |
54.988 |
163.330 |
163.500 |
|
Net worth |
153.088 |
261.430 |
261.600 |
|
|
|
|
|
|
long-term borrowings |
244.206 |
249.679 |
226.149 |
|
Short term borrowings |
94.779 |
50.088 |
0.000 |
|
Current maturities of
long-term debts |
31.899 |
54.137 |
38.786 |
|
Total
borrowings |
370.884 |
353.904 |
264.935 |
|
Debt/Equity
ratio |
2.423 |
1.354 |
1.013 |
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image007.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
943.476 |
709.505 |
691.108 |
|
|
|
(24.799) |
(2.593) |
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image008.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
943.476 |
709.505 |
691.108 |
|
Profit/ (Loss) |
(0.092) |
1.010 |
0.170 |
|
(0.01%) |
0.14% |
0.02% |
%20PRIVATE%20LIMITED%20-%20501426%2002-Apr-2018_files/image009.gif)
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 |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
GENERAL INFORMATION
The Company is incorporated in India on 09th April 2007 and is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. The Company has changed it name to JRG Automotive (India) Private Limited on 18th May, 2017. The Company has manufacturing plants in Bawal, Haryana, India and sells primarily in India. The Company is a private limited company.
STATE OF COMPANYS
AFFAIRS
The Company’s total income for the year amounted INR 727.137 Million in the current year as compared to INR 717.470 Million in the previous year. However, the Company has incurred Net profit amounting to INR 0.170 Million in the current year as compared to net profit of INR 1.010 million in the previous year. The Directors are hopeful to present a good performance in the years to come.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
124.295 |
124.295 |
|
Total |
124.295 |
124.295 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G47210208 |
10456174 |
State Bank of India |
30/09/2013 |
03/06/2017 |
- |
133300000.0 |
SME BRANCH MAYAPURI INDUSTRIAL AREA Delhi 110064 INDIA |
|
2 |
B86019361 |
10432197 |
ALLAHABAD BANK |
18/06/2013 |
- |
28/09/2013 |
180000000.0 |
SCO 145-146 SECTOR-4REWARI HARYANA 123401 INDIA |
FIXED ASSETS
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· 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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·