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MIRA INFORM REPORT
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Report No. : |
503856 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
JAY JAGDAMBA LIMITED (w.e.f. 30.01.2018) |
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Formerly Known
As : |
JAY JAGDAMBA PROFILE ENGINEERING PRODUCTS LIMITED [w.e.f. 08.09.2016] SHREE JAY JAGDAMBA STAINLESS STEEL LIMITED (w.e.f. 05.05.2011) SHREE JAY JAGDAMBA STAINLESS STEEL PRIVATE LIMITED (w.e.f. 25.03.2011) JAY JAGDAMBA CONCAST PRIVATE LIMITED [W.E.F. 23.12.2005] KHODIYAR FORGING PRIVATE LIMITED |
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Registered
Office : |
919, IJMIMA Complex, Raheja Metroplec, Link Road, Malad (West), Mumbai – 400064, Maharashtra |
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Tel. No.: |
91-22-27763506 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.01.2004 |
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Com. Reg. No.: |
11-144137 |
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Capital
Investment / Paid-up Capital : |
INR 101.466 Million |
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CIN No.: [Company Identification
No.] |
U27100MH2004PLC144137 |
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IEC No.: [Import-Export Code No.] |
0304042986 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCK3066F1ZO |
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PAN No.: [Permanent Account No.] |
AACCK3066F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing, exporter and selling of Mild Steel/Alloy Steel and Stainless Steel Billets, Rounds, Bright Bar etc. (Registered activity) |
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No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Jay Jagdamba Limited was incorporated in the year 2004 and is based in
Mumbai, Maharashtra. It is engaged in manufacturing of basic iron and steel. For the financial year 2017, the company has achieved revenue growth
of 35.18% as compared to the previous year along with an average profit
margin of 5.07%. The sound financial risk profile of the company is marked by healthy
net worth base along with negligible debt balance sheet profile. However, the rating strength are partially offset by highly
competitive steel industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: The name of the company has changed from “Jay Jagdamba profile
Engineering Limited” to Jay Jagdamba Limited” with effect from 30th
January 2018. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Cash Credit =BBB |
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Rating Explanation |
Moderate degree of safety and carry moderate credit risk |
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Date |
31.05.2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Bank Guarantee = A3+ |
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Rating Explanation |
Moderate degree of safety and carry higher credit risk |
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Date |
31.05.2017 |
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
31-03-2018.
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 14.04.2018
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 PARTED BY
|
Name : |
Mr. Chirag |
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Designation : |
Accounts Manager |
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Contact No.: |
91-22-27763506 |
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Date : |
13.04.2018 |
LOCATIONS
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Registered Office: |
919, IJMIMA Complex, Raheja Metroplec, Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
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Tel. No.: |
91-22-27763506 |
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Mobile No.: |
91-7757050774 (Mr. Ashok Mehta) |
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Fax No.: |
91-22-27763507 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Corporate
Office: |
Office No. 405, The Landmark, Plot No. 26A, Sectr 7, Khaghar, Navi
Mumbai – 410210, Maharashtra, India |
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Tel. No.: |
91-22-27763506 |
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Fax No.: |
91-22-27763307 |
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E-Mail : |
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Website : |
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Factory : |
Gat No. 92/3, 422, 423, 424, P-1, Village Abitghar, Shirispad – Shahapur
Road, Taluka Wada, District Thane – 421303, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Narayan Prasad Malpani |
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Designation : |
Managing Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218,
Maharashtra, India |
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Date of Birth/Age : |
07.02.1949 |
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Qualification : |
Secondary |
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Date of Appointment : |
01.06.2011 |
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PAN No.: |
AJIPM1766A |
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DIN No.: |
01550026 |
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Name : |
Mr. Ramprakash Narayan Prasad Malpani |
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Designation : |
Whole Time Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218,
Maharashtra, India |
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Date of Birth/Age : |
18.03.1978 |
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Qualification : |
Higher
Secondary |
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Date of Appointment : |
01.06.2011 |
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PAN No.: |
AELPM9446F |
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DIN No.: |
01664955 |
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Name : |
Mr. Mahesh Kumar Biyani |
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Designation : |
Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218,
Maharashtra, India |
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Date of Birth/Age : |
13.04.1958 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.09.2014 |
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PAN No.: |
AHZPB6482D |
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DIN No.: |
03154291 |
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Name : |
Mrs. Shilpa Vinay Kumar Maheshwar |
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Designation : |
Director |
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Address : |
D-2, Parkbay Society, Vidyanagari Marg, Santacruz (East),
Mumbai-400098, Maharashtra, India |
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Date of Appointment : |
09.02.2016 |
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DIN No.: |
07431117 |
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Name : |
Mr. Kamal Kumar Saboo |
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Designation : |
Director |
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Address : |
Flat No 301, Plot No 277, Simran House, Sector 28 Vashi, Navi Mumbai
Mumbai-400703, Maharashtra, India |
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Date of Birth/Age : |
25.02.1982 |
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Qualification : |
Engineer |
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Date of Appointment : |
30.09.2015 |
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PAN No.: |
AZCPS3650F |
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DIN No.: |
01039356 |
KEY EXECUTIVES
|
Name : |
Ms. Rasila Gusai |
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Designation : |
Company Secretary |
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Address : |
29, Laxmi Bhuvan No.1, Near Hiramoti Society, Mulund, Check Naka, Mumbai – 400604, Maharashtra, India |
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Date of Appointment : |
01.02.2016 |
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PAN No.: |
ARSPG0295N |
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Name : |
Mr. Hari Swaroop Goyal |
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PAN No.: |
ABOPG9050D |
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Name : |
Mr. Chirag |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Narayan Prasad Malpani |
|
1539898 |
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Ram Prakash Malpani |
|
339997 |
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Usha Malpani |
|
1452404 |
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Laxmi Malpani |
|
72200 |
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Narayan Malpani HUF |
|
14667 |
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NPM Invetment Private Limited, India |
|
1655000 |
|
NPM Realestate Private Limited, India |
|
1571500 |
|
Jay Bhavani Metal Private Limited, India |
|
905000 |
|
Rasalika Trading and Investment Private Limited, India |
|
607000 |
|
Shrawan Singh |
|
30000 |
|
Euro Metal trade FZE |
|
848150 |
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Total |
|
9035816 |
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Names of Shareholders [Preference Shares] |
|
No. of Shares |
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|
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|
CIF Shree Investment PTE Limited |
|
1110763 |
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Total |
|
1110763 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
3.76 |
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Promoter - Bodies
corporate |
35.71 |
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Public – (Individual/ Hindu
Undivided Family – Indian |
34.08 |
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Public – (Individual/ Hindu
Undivided Family – Non Resident NRI |
0.33 |
|
Public - Bodies corporate |
26.12 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the manufacturing, exporter and selling of Mild Steel/Alloy Steel and Stainless Steel Billets, Rounds, Bright Bar etc. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
L/C, Cheque and RTGS |
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Purchasing : |
L/C, Cheque and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
450 (Approximately) |
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Bankers : |
· The Shamrao Vithal Co-Operative Bank Limited Maker Towers, ‘E’, 1st Floor,
Cuff Parade, Mumbai – 400005, Maharashtra, India · The Saraswat Co-Operative Bank Limited SME Vikhroli Branch, Prabhat
Bhavan, Block-13, 1st Floor, 96, LBS Mard, Opposite Cipla,
Vikhroli (West), Mumbai, Maharashtra, India ·
SVC Co-operative Bank Limited, Maker Towers,
'E', 1st Floor, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Anil Bansal and Associates Chartered Accountants |
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Address : |
1001, Ijmima Complex, Raheja’s Metroplex, Malad (West), Mumbai –
400064, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADPB0832A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company
: |
U27310MH2014PTC260249
U27205MH2006PTC159193
U27100MH2014PTC260305 |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
2000000 |
Preference Shares |
INR 10/- each |
INR 20.000 Million |
|
|
Total |
|
INR 145.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9035816 |
Equity Shares |
INR 10/- each |
INR 90.358 Million |
|
2000000 |
Preference Shares |
INR 10/- each |
INR 20.000 Million |
|
|
Total |
|
INR 110.358
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9035816 |
Equity Shares |
INR 10/- each |
INR 90.358 Million |
|
1110763 |
Preference Shares |
INR 10/- each |
INR 11.108 Million |
|
|
Total |
|
INR 101.486
Million |
FINANCIAL DATA
[all figures are
in 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 |
101.466 |
90.284 |
83.907 |
|
(b) Reserves and Surplus |
1455.538 |
896.678 |
621.103 |
|
(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) |
1557.004 |
986.962 |
705.010 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
452.163 |
437.320 |
258.618 |
|
(b) Deferred tax liabilities (Net) |
126.111 |
94.316 |
62.539 |
|
(c) Other long-term
liabilities |
27.728 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.672 |
2.285 |
1.368 |
|
Total Non-current
Liabilities (3) |
608.674 |
533.921 |
322.525 |
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1997.608 |
1397.321 |
951.122 |
|
(b) Trade
payables |
167.708 |
326.130 |
310.225 |
|
(c) Other
current liabilities |
189.197 |
132.770 |
102.191 |
|
(d) Short-term
provisions |
144.070 |
87.266 |
76.496 |
|
Total Current
Liabilities (4) |
2498.583 |
1943.487 |
1440.034 |
|
|
|
|
|
|
TOTAL |
4664.261 |
3464.370 |
2467.569 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1140.140 |
1022.003 |
681.993 |
|
(ii)
Intangible Assets |
1.030 |
1.316 |
0.396 |
|
(iii) Tangible assets
capital work-in-progress |
87.401 |
66.853 |
15.346 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
282.493 |
148.213 |
75.572 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.352 |
0.497 |
0.158 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1511.416 |
1238.882 |
773.465 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
12.500 |
12.500 |
4.000 |
|
(b)
Inventories |
1252.104 |
960.172 |
883.458 |
|
(c) Trade
receivables |
1015.045 |
879.958 |
580.246 |
|
(d) Cash and
bank balances |
81.914 |
30.090 |
47.161 |
|
(e)
Short-term loans and advances |
790.206 |
342.508 |
179.227 |
|
(f) Other
current assets |
1.076 |
0.260 |
0.012 |
|
Total
Current Assets |
3152.845 |
2225.488 |
1694.104 |
|
|
|
|
|
|
TOTAL |
4664.261 |
3464.370 |
2467.569 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4736.271 |
3503.766 |
2614.640 |
|
|
Other Income |
8.148 |
3.333 |
5.349 |
|
|
TOTAL |
4744.419 |
3507.099 |
2619.989 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2818.198 |
2403.244 |
2246.779 |
|
|
Purchases of
Stock-in-Trade |
977.479 |
324.241 |
100.749 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(273.827) |
(33.711) |
(343.067) |
|
|
Employee benefit expense |
90.827 |
55.139 |
31.302 |
|
|
CSR expenditure |
2.794 |
1.301 |
0.000 |
|
|
Other expenses |
520.748 |
357.143 |
329.942 |
|
|
TOTAL |
4136.219 |
3107.357 |
2365.705 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
608.200 |
399.742 |
254.284 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
168.253 |
181.618 |
123.794 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
439.947 |
218.124 |
130.490 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
63.645 |
49.098 |
33.025 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
376.302 |
169.026 |
97.465 |
|
|
|
|
|
|
|
Less |
TAX |
136.256 |
48.852 |
32.076 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
240.046 |
120.174 |
65.389 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
950.020 |
819.631 |
743.999 |
|
|
TOTAL EARNINGS |
950.020 |
819.631 |
743.999 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
354.379 |
326.003 |
610.831 |
|
|
Capital Goods |
54.465 |
60.641 |
0.000 |
|
|
TOTAL IMPORTS |
408.843 |
386.644 |
610.831 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
26.92 |
14.14 |
6.18 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
7000.000 |
|
|
|
|
|
Expected Sales (2017-2018) : INR 8500.000 (Due to business growth)
The above information has been parted by Mr. Chirag (Accounts Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
108.843 |
81.811 |
68.105 |
|
Net cash flows from (used in) operations |
(265.434) |
(65.389) |
17.260 |
|
Net cash flows from (used in) operating activities |
(401.690) |
(114.241) |
6.204 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
78.22 |
91.67 |
81.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.67 |
3.98 |
4.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
16.13 |
43.64 |
48.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.49 |
0.42 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.50 |
0.37 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.66 |
0.71 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.64 |
1.94 |
1.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.60 |
1.97 |
2.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.79 |
1.10 |
0.99 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.61 |
2.20 |
2.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.07 |
3.43 |
2.50 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.15 |
3.47 |
2.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.42 |
12.18 |
9.27 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.26 |
1.15 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.76 |
0.65 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.28 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
25.22 |
21.23 |
15.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.26 |
1.15 |
1.18 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
83.907 |
90.284 |
101.466 |
|
Reserves & Surplus |
621.103 |
896.678 |
1455.538 |
|
Net
worth |
705.010 |
986.962 |
1557.004 |
|
|
|
|
|
|
Long-term borrowings |
258.618 |
437.320 |
452.163 |
|
Short term borrowings |
951.122 |
1397.321 |
1997.608 |
|
Current maturities of
long-term debts |
68.105 |
81.811 |
108.843 |
|
Total
borrowings |
1277.845 |
1916.452 |
2558.614 |
|
Debt/Equity
ratio |
1.813 |
1.942 |
1.643 |
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 |
2614.640 |
3503.766 |
4736.271 |
|
|
0.000 |
34.006 |
35.177 |
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 |
2614.640 |
3503.766 |
4736.271 |
|
Profit/ (Loss) |
65.389 |
120.174 |
240.046 |
|
|
2.50
% |
3.43
% |
5.07
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
III.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
101.466 |
90.284 |
|
(b) Reserves and Surplus |
|
1499.686 |
897.418 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
5.905 |
0.445 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1601.152 |
987.702 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
874.037 |
535.651 |
|
(b) Deferred tax liabilities (Net) |
|
137.461 |
106.057 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
2.823 |
2.322 |
|
Total Non-current
Liabilities (3) |
|
1014.321 |
644.030 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
2138.222 |
1544.482 |
|
(b) Trade
payables |
|
227.065 |
333.295 |
|
(c) Other
current liabilities |
|
267.839 |
215.626 |
|
(d) Short-term
provisions |
|
159.673 |
92.072 |
|
Total Current Liabilities
(4) |
|
2792.799 |
2185.475 |
|
|
|
|
|
|
TOTAL |
|
5414.177 |
3817.652 |
|
|
|
|
|
|
IV.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1498.525 |
1237.093 |
|
(ii) Intangible
Assets |
|
3.411 |
1.343 |
|
(iii) Tangible assets
capital work-in-progress |
|
311.849 |
66.853 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.118 |
1.092 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1.141 |
0.804 |
|
(e) Other
Non-current assets |
|
0.000 |
0.808 |
|
Total Non-Current
Assets |
|
1816.044 |
1307.993 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
12.500 |
12.500 |
|
(b)
Inventories |
|
1424.226 |
1079.095 |
|
(c) Trade
receivables |
|
1025.142 |
943.823 |
|
(d) Cash and
bank balances |
|
107.861 |
35.898 |
|
(e)
Short-term loans and advances |
|
1026.137 |
437.506 |
|
(f) Other
current assets |
|
2.267 |
0.837 |
|
Total
Current Assets |
|
3598.133 |
2509.659 |
|
|
|
|
|
|
TOTAL |
|
5414.177 |
3817.652 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4268.503 |
3634.440 |
|
|
Other Income |
|
20.576 |
3.798 |
|
|
TOTAL |
|
4289.079 |
3638.238 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3409.241 |
2335.862 |
|
|
Purchases of
Stock-in-Trade |
|
(250.464) |
569.915 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(253.068) |
(140.338) |
|
|
Employee benefit expense |
|
96.312 |
60.265 |
|
|
CSR expenditure |
|
0.000 |
0.000 |
|
|
Other expenses |
|
598.953 |
374.500 |
|
|
TOTAL |
|
3600.974 |
3200.204 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
688.105 |
438.034 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
194.268 |
202.211 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
493.837 |
235.823 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
73.745 |
54.504 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
420.092 |
181.319 |
|
|
|
|
|
|
|
Less |
TAX |
|
135.908 |
60.593 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
284.184 |
120.726 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
25.75 |
11.40 |
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject (the Company) is a public company incorporated under the provisions of the Companies Act, 1956 on 21st January, 2004 as a private limited company by the name Khodiyar Forging Private Limited". The name of the company subsequently change from Khodiyar Forging Private Limited" to "Jay Jagdamba Concast Private Limited" on 23rd December, 2005 thereafter from "Jay Jagdamba Concast Private Limited" to "Shree Jay Jagdamba Stainless Steel Private Limited" on 25th March, 2011. Further the Company has been converted into public limited as "Shree Jay Jagdamba Stainless Steel Limited" w.e.f. 5th May, 2011
The company is engaged in the manufacturing and selling of Mild Steel/Alloy Steel and Stainless Steel Billets, Rounds, Bright Bar etc. The Company caters to both domestic and international markets.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
6.000 |
0.000 |
|
Intercorporate borrowings |
44.260 |
1.310 |
|
Total |
50.260 |
1.310 |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
0.000 |
0.000 |
|
Guarantees |
18.846 |
12.695 |
|
Other money for which company is contingently liable |
553.000 |
0.000 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipments
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 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 65.12 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
YES |
|
--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.