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MIRA INFORM REPORT
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Report No. : |
490369 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
JAJOO SURGICALS PRIVATE LIMITED |
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Formerly known
as: |
DESHPANDE TEXTILES PRIVATE LIMITED |
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Registered
Office : |
A-2304, Shubhlabh Residency, Khajrana Chauraha, Indore – 452001,
Madhya Pradesh |
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Tel. No.: |
91-22-28944848 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.02.1991 |
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Com. Reg. No.: |
10-006264 |
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Capital
Investment / Paid-up Capital : |
INR 7.125 Million |
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CIN No.: [Company Identification
No.] |
U01810MP1991PTC006264 |
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IEC No.: |
Not Divulged |
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TIN No.: |
23682302517 |
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GST No.: |
23AAACJ7196B1ZS [DEWAS] |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACJ7196B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer of Hygienic, Medicinal product like Absorbent Cotton Wool, Gauze Roll, Absorbent Cotton Rolls, etc. (Confirmed by Management) · Subject is in the business of Chemists, Druggist, Manufacturing and Trading of Physical Disposables Surgical Dressings, Pharmaceuticals Products Gloves, Diapers and Other Hygienic Medical, and Cosmetics Products. [Registered Activity] |
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No. of Employees
: |
150 (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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Maximum Credit Limit : |
USD 120594 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1991. It is a Manufacturer
of Hygienic, Medicinal product like Absorbent Cotton Wool, Gauze Roll,
Absorbent Cotton Rolls, etc. For the financial year 2017, the company has achieved revenue growth
of 13.51% as compared to the previous year along with an average profit
margin of 1.65%. The satisfactory financial risk profile of the company is marked by
adequate net worth base along with comfortable debt balance sheet profile. Rating takes into account the subject’ long established track record
of business operations along with extensive experience of its promoters. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 09.02.2018
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 [GENERAL DETAILS]
|
Name : |
Mr. Rakesh Jajoo |
|
Designation : |
Marketing Manager |
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Contact No.: |
91-8462016033 |
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Date : |
07.02.2013 |
LOCATIONS
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Registered Office : |
A-2304, Shubhlabh Residency, Khajrana Chauraha, Indore – 452001,
Madhya Pradesh, India |
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Tel. No.: |
91-22-28944848 |
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Mobile No.: |
91-8462016033 (Mr. Rakesh Jajoo) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
413, Satguru Parinay, Opposite C-21 Mall, A.B Road, Indore – 452010, Madhya Pradesh, India |
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Tel. No.: |
91-731-2555204/ 2555205 |
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Fax No.: |
91-731-2555205 |
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Factory : |
61A/62, Industrial Area No.
3, A. B. Road, Dewas - 455001, Madhya
Pradesh, India |
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Branch Office : |
A/002, Praneel Apartment, Opposite Eskay Resort, Link Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
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Tel. No.: |
91-22-28944848 |
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E-Mail : |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Vishnubhagwan Jajoo |
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Designation : |
Director |
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Address : |
Y/B, R.No 313, Yogi Heritage, Yogi
Nagar,Eksar Road, Borivali (W) Mumbai 400092, Maharashtra, India |
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Date of Birth/Age : |
01.07.1955 |
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Date of Appointment : |
14.08.1992 |
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DIN No.: |
01316221 |
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Name : |
Mr. Santosh Vishnubhagwan Jajoo |
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Designation : |
Director |
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Address : |
E/Y-63, 313, Yogi Heritage, Yogi
Nagar, Borivali, (W) Mumbai -400091 Maharashtra, India |
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Date of Appointment : |
01.03.2015 |
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DIN No.: |
01411310 |
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Other Directorship:
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Name : |
Mrs. Geeta Jajoo |
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Designation : |
Director |
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Address : |
44/A ,Kalani Bagh, Dewas
-455001, Madhya Pradesh, India |
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Date of Birth/Age : |
12.03.1959 |
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Date of Appointment : |
17.02.1996 |
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DIN No.: |
02828039 |
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KEY EXECUTIVES
|
Name : |
Mr. Rakesh Jajoo |
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Designation : |
Marketing Manager |
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Name : |
Mr. Gopal |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Vishnu
Bhagwan Jajoo |
26725 |
37.51 |
|
Santosh
Jajoo |
5125 |
7.19 |
|
Shree
Bhagwan Jajoo |
13858 |
19.45 |
|
Geeta
Jajoo |
6225 |
8.74 |
|
Ketan
Jajoo |
1000 |
1.40 |
|
Pankaj
Jajoo |
6579 |
9.23 |
|
Neelam
Jajoo |
1000 |
1.40 |
|
Rakesh
Jajoo |
3490 |
4.90 |
|
Rashi
Jajoo |
1250 |
1.75 |
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SB
Jajoo HUF |
6000 |
8.43 |
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|
|
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Total |
71252 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
· Manufacturer of Hygienic, Medicinal product like Absorbent Cotton Wool, Gauze Roll, Absorbent Cotton Rolls, etc. (Confirmed by Management) · Subject is in the business of Chemists, Druggist, Manufacturing and Trading of Physical Disposables Surgical Dressings, Pharmaceuticals Products Gloves, Diapers and Other Hygienic Medical, and Cosmetics Products. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
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Purchasing : |
Advance Payment, L/C, Cheque and Credit [30 Days] |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
· Aditya Security Service Agency · Agrawal lndotex Limited · Ameya Packaging Private Limited · Ansu Meditech · B. R Traders · B.C. Dye Chem · Bahl Paper Mills Limited · CMYK Print and Pack · Deepak Cotton Corporation · Gail Gas Limited · Gopikrishna and Company · lmran Khan Saw Mills |
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Customers : |
·
Burhan Tapti Mill ·
Choudhary Trading Corporation ·
Competent Textile ·
Future Indiana Transport ·
Gayatri Tiles and Preavers ·
Govind Jaiswal ·
Jawaharlal Nehru Sahkari Agriculture Pro. Limited ·
Mamta Spinners Private Limited ·
MM Packaging ·
Mundawala Agro Industries ·
Nahar Spinning Mills Limited ·
Nera Regency ·
New Textiles Mills Bhopal |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· Dena Bank Yogi Nagar, Borivili (West), Mumbai - 400091, Maharashtra, India · Bank of Baroda IBB Branch, Mathru Ashish Building, S. V. Road Kandivali (West), Mumbai -400067, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Muchhal and Gupta Chartered Accountants |
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Address : |
208, Shalimar Corporate Centre, 8-B, South Tukoganj, Indore-452001,
Madhya Pradesh, India |
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PAN No.: |
AACFM5194P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Jajoo Hygiene Private Limited, India (CIN No. U24246MP2013PTC030483) |
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Group Company : |
Jajoo Healthcare Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000 |
Equity Shares |
INR 100/- each |
INR 8.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71252 |
Equity Shares |
INR 100/- each |
INR 7.125
Million |
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|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
7.125 |
7.125 |
5.976 |
|
(b) Reserves & Surplus |
35.083 |
31.424 |
25.075 |
|
(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) |
42.208 |
38.549 |
31.051 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
43.430 |
30.889 |
40.279 |
|
(b) Deferred tax liabilities (Net) |
3.750 |
3.262 |
2.845 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
47.180 |
34.151 |
43.124 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
47.381 |
37.342 |
41.395 |
|
(b)
Trade payables |
15.258 |
13.704 |
11.139 |
|
(c)
Other current liabilities |
2.154 |
1.811 |
1.340 |
|
(d)
Short-term provisions |
0.288 |
0.077 |
0.063 |
|
Total
Current Liabilities (4) |
65.081 |
52.934 |
53.937 |
|
|
|
|
|
|
TOTAL |
154.469 |
125.634 |
128.112 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
41.052 |
40.627 |
43.727 |
|
(ii)
Intangible Assets |
0.128 |
0.066 |
0.073 |
|
(iii)
Capital work-in-progress |
0.260 |
0.209 |
0.212 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
10.241 |
5.835 |
5.515 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.341 |
3.649 |
3.288 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
57.022 |
50.386 |
52.815 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.157 |
16.378 |
20.570 |
|
(c)
Trade receivables |
45.333 |
40.112 |
36.982 |
|
(d)
Cash and cash equivalents |
4.959 |
3.544 |
4.364 |
|
(e)
Short-term loans and advances |
19.985 |
14.824 |
13.306 |
|
(f)
Other current assets |
1.013 |
0.390 |
0.075 |
|
Total
Current Assets |
97.447 |
75.248 |
75.297 |
|
|
|
|
|
|
TOTAL |
154.469 |
125.634 |
128.112 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
221.469 |
195.118 |
175.630 |
|
|
|
Other Income |
4.375 |
1.225 |
1.392 |
|
|
|
TOTAL |
225.844 |
196.343 |
177.022 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
62.984 |
46.545 |
59.041 |
|
|
|
Purchases of Stock-in-Trade |
95.632 |
83.178 |
64.480 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(7.616) |
4.661 |
(5.310) |
|
|
|
Employees benefits expense |
9.872 |
9.576 |
7.209 |
|
|
|
Other expenses |
20.906 |
19.198 |
17.148 |
|
|
|
Manufacturing and Trading expenses |
27.728 |
19.239 |
19.434 |
|
|
|
TOTAL |
209.506 |
182.397 |
162.002 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
16.338 |
13.946 |
15.020 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.863 |
6.310 |
7.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.475 |
7.636 |
7.460 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.172 |
3.226 |
3.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.303 |
4.410 |
3.803 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.644 |
1.508 |
1.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.659 |
2.902 |
2.686 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
51.35 |
40.73 |
44.95 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.71 |
75.04 |
76.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.89 |
4.86 |
4.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.11 |
38.56 |
32.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.62 |
0.85 |
0.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.34 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.67 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.15 |
1.77 |
2.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.54 |
1.37 |
1.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.98 |
1.06 |
1.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.08 |
2.21 |
1.99 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.65 |
1.49 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.37 |
2.31 |
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.67 |
7.53 |
8.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
1.42 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.10 |
1.11 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.31 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.75 |
9.58 |
13.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
1.42 |
1.40 |
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 |
5.976 |
7.125 |
7.125 |
|
Reserves & Surplus |
25.075 |
31.424 |
35.083 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.051 |
38.549 |
42.208 |
|
|
|
|
|
|
long-term borrowings |
40.279 |
30.889 |
43.430 |
|
Short term borrowings |
41.395 |
37.342 |
47.381 |
|
Total
borrowings |
81.674 |
68.231 |
90.811 |
|
Debt/Equity
ratio |
2.630 |
1.770 |
2.152 |
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 |
175.630 |
195.118 |
221.469 |
|
|
|
11.096 |
13.505 |
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 |
175.630 |
195.118 |
221.469 |
|
Profit/ (Loss) |
2.686 |
2.902 |
3.659 |
|
|
1.53% |
1.49% |
1.65% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.125 |
7.125 |
|
(b) Reserves & Surplus |
|
38.047 |
37.110 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
5.474 |
6.604 |
|
Total
Shareholders’ Funds (1) + (2) |
|
50.646 |
50.839 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
43.430 |
30.889 |
|
(b) Deferred tax liabilities (Net) |
|
0.490 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
43.920 |
30.889 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
63.058 |
49.826 |
|
(b)
Trade payables |
|
19.658 |
14.398 |
|
(c)
Other current liabilities |
|
2.155 |
1.812 |
|
(d)
Short-term provisions |
|
0.323 |
0.116 |
|
Total
Current Liabilities (4) |
|
85.194 |
66.152 |
|
|
|
|
|
|
TOTAL |
|
179.760 |
147.880 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
44.499 |
41.709 |
|
(ii)
Intangible Assets |
|
0.151 |
0.083 |
|
(iii)
Capital work-in-progress |
|
0.260 |
0.209 |
|
(iv) Intangible assets under development |
|
0.815 |
0.335 |
|
(b) Non-current
Investments |
|
5.948 |
3.747 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.134 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
51.673 |
46.217 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
35.221 |
18.688 |
|
(c)
Trade receivables |
|
48.120 |
70.017 |
|
(d)
Cash and cash equivalents |
|
5.246 |
3.682 |
|
(e)
Short-term loans and advances |
|
6.997 |
6.041 |
|
(f)
Other current assets |
|
32.503 |
3.235 |
|
Total
Current Assets |
|
128.087 |
101.663 |
|
|
|
|
|
|
TOTAL |
|
179.760 |
147.880 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
246.913 |
224.072 |
|
|
|
Other Income |
|
4.490 |
2.739 |
|
|
|
TOTAL |
|
251.403 |
226.811 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
74.483 |
64.653 |
|
|
|
Purchases of Stock-in-Trade |
|
106.995 |
83.177 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(10.858) |
6.575 |
|
|
|
Employees benefits expense |
|
10.449 |
10.374 |
|
|
|
Other expenses |
|
23.477 |
21.283 |
|
|
|
Manufacturing and Trading expenses |
|
31.932 |
23.329 |
|
|
|
TOTAL |
|
236.478 |
209.391 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
14.925 |
17.420 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
9.964 |
8.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
4.961 |
9.039 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3.375 |
4.419 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1.586 |
4.620 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(0.353) |
1.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
1.939 |
3.478 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
27.22 |
48.81 |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G60937950 |
10331322 |
BANK OF BARODA |
28/11/2011 |
19/09/2017 |
- |
91750000.0 |
AA/14, SCHEME NO 54,OPP SATYA SAI SCHOOL, AB ROADINDOREMP455001IN |
|
2 |
B82384702 |
90209674 |
DENA BANK |
10/09/2004 |
07/12/2005 |
24/07/2013 |
12250000.0 |
YOGI NAGAR BRANCHBORIVALIMUMBAIMH400091IN |
|
3 |
B82361452 |
90209769 |
DENA BANK |
27/11/2004 |
- |
24/07/2013 |
3500000.0 |
YOGI NAGAR BRANCHBORIVALIMUMBAIMH400091IN |
|
4 |
B82389065 |
80066803 |
DENA BANK |
22/01/1997 |
- |
24/07/2013 |
500000.0 |
YOGI NAGAR BRANCHBORIVALI (WEST)MUMBAIMH400092IN |
|
5 |
B82387853 |
90201771 |
DENA BANK |
11/03/1999 |
07/12/2005 |
24/07/2013 |
12250000.0 |
YOGI NAGAR BRANCHBORIVALIMUMBAIMH400091IN |
|
6 |
B82400086 |
80066801 |
DENA BANK |
16/06/1994 |
- |
24/07/2013 |
200000.0 |
YOGI NAGAR BRANCHBUILDING NO.E 20 B WING EKSAR BILLAGE,BORIVALI (W)MUMBAIMH400092IN |
|
7 |
B82399858 |
80066805 |
DENA BANK |
10/09/1994 |
- |
24/07/2013 |
1000000.0 |
YOGI NAGAR BRANCHBORIVALI (WEST)MUMBAIMH400092IN |
|
8 |
B82392143 |
80066804 |
DENA BANK |
10/09/1994 |
- |
24/07/2013 |
500000.0 |
YOGI NAGAR BRANCHBORIVALI (WEST)MUMBAIMH400092IN |
|
9 |
B82340639 |
10096699 |
DENA BANK |
22/02/2008 |
10/07/2010 |
24/07/2013 |
21165000.0 |
YOGI NAGAR, BORIVILI (WEST),MUMBAIMH400091IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Geeta
Jajoo |
0.840 |
0.100 |
|
Ketan
Jajoo |
1.028 |
0.000 |
|
Neelam Jajoo |
0.000 |
0.128 |
|
PankajJajoo |
0.097 |
0.185 |
|
Rakesh Jajoo |
7.340 |
0.075 |
|
Richa Jajoo |
2.823 |
1.773 |
|
S.B. Jajoo |
1.769 |
0.829 |
|
S,B. Jajoo (HUF) |
0.291 |
0.338 |
|
Santosh
Jajoo |
4.093 |
2.043 |
|
V.B. Jajoo |
2.143 |
2.768 |
|
V.B. Jajoo (HUF) |
3.057 |
2.169 |
|
Others |
|
|
|
Ascent Leasing and Finance Company Limited |
0.549 |
1.100 |
|
Footmark Infra Venture Private Limited |
1.273 |
1.182 |
|
Gooddeal Infracom Private Limited |
5.743 |
5.338 |
|
Gliter Dealmark Private Limited |
1.702 |
1.568 |
|
HNJ
Stock Private Limited |
1.534 |
1.417 |
|
J.V. Modi Securities Private Limited |
1.540 |
1.450 |
|
Jyoti Modani |
1.660 |
1.462 |
|
MSP Preventive treatment Private Limited |
3.322 |
3.097 |
|
Muniya
Devi Modani |
0.428 |
0.377 |
|
Packswell
Combined Private Limited |
1.180 |
1.090 |
|
Suryakiran
Tradecom Private Limited |
0.346 |
0.346 |
|
|
|
|
|
Total |
42.758 |
28.835 |
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR/ OPERATIONS:
The company has reported total profit of INR 3.659 million for the
current year as compared to INR 2.902 million in the previous year.
CORPORATE
INFORMATION:
Subject was incorporated on 7th February 1991. The company
holds its registered office of the state of Madhya Pradesh. The company is
established to carry on the business of organizing, developing and managing in
part of India or abroad any or all business relating to and allied to knitting,
bleaching, dying and stitching from yarn.
To carry on the business of chemists, druggist, manufacturing and
trading of physical disposables surgical dressings, pharmaceuticals products
gloves, diapers and other hygienic medical, and cosmetics products.
The company is under the management of three directors namely Mr. Vishnubhagwan Jajoo, Mr. Santosh Vishnubhagwan Jajoo and Mrs. Geeta Jajoo. The company is continuously progressing since its incorporation and is likely to grow in future.
CONTINGENT
LIABILITIES: [AS ON: 31.03.2017]
The company has given a Bank Guarantee of INR 12.599 Million
FIXED ASSETS:
·
Leasehold Land
·
Furniture and Fixture
·
Factory Building
·
Tube Well
·
Printer and Faxes
·
Plant and Machinery
·
Lab Equipment’s
·
Office Equipment’s
·
Electric Installation
·
Vehicles
·
Computers
·
Mobile
·
Air Conditioner
·
UPS
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 64.16 |
|
UK Pound |
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
RUP |
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.