|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490667 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAKSON LIMITED
(w.e.f. 26.05.2010) |
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|
|
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Formerly Known
As : |
JANKSONS LIMITED |
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Registered
Office : |
626, Sixth Floor, Tower – A, DLF Tower, Jasola, New Delhi – 110044 |
|
Tel. No.: |
91-11-65457615-17 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
13.07.1997 |
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Com. Reg. No.: |
55-088808 |
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Capital
Investment / Paid-up Capital : |
INR 2.500 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U74899DL1997PLC088808 |
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IEC No.: |
Not Divulged |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
01AAACJ5347C1Z7 |
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PAN No.: [Permanent Account No.] |
AAACJ5347C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The
Subject is engaged in manufacturing of Cummins - Jakson Silent Diesel Generator
Sets and Gas Generating Sets, Panels, Solar Products. (Registered activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1997. It is engaged in
manufacturing of Cummins – Jakson silent diesel generator sets and gas
generating sets and state-of-the-art acoustic enclosures for various
applications. As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 31.03.2017 are not available from any sources. As per the financial record of 2016, the company achieved a decent
growth in its revenue as compared to the previous year and has reported
profitability margin of 6.43%. Rating takes into consideration the company’s favourable Earnings Per
Share (EPS) of INR 2156.23 against the face Value (FV) of INR 10. The company possesses sound financial position marked by healthy net
worth base, low debt balance sheet profile and satisfactory liquidity
position. Trade relations are fair. Business is active. Payments seems to be
regular and as per commitment. In view of aforesaid, the company can be considered for business
dealings at usual 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CARE |
|
Rating |
Long Term Loans = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
23.02.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
23.02.2017 |
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
31-03-2016.
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 13.02.2018
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 DENIED BY
|
Name : |
Mr. Rajan Kapathi |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-9958593091 |
|
Date : |
10.02.2018 |
|
Name : |
Mr. Chandan Kumar Das |
|
Designation : |
Territory Manager / Sales and Marketing |
|
Contact No.: |
91-9002361194 |
|
Date : |
10.02.2018 |
Tel. No.: 91-33-66335800 Not Working
Tel. No.: 91-11-65457615 / 16 / 17 – Incorrect number
LOCATIONS
|
Registered Office : |
626, Sixth Floor, Tower – A, DLF Tower, Jasola, New Delhi – 110044,
India |
|
Tel. No.: |
91-11-65457615-17 |
|
Mobile No.: |
91-9958593091 (Mr. Rajan Kapathi) 91-9818224076 (Mr. Mauas Ray) |
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Fax No.: |
91-11-46130573 |
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E-Mail : |
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Headquarter / Corporate Office : |
A-43, Phase II (Extension), Noida - 201 305, Uttar Pradesh, India |
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Tel. No.: |
91-120-4302600/ 4740233/ 4526100 |
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Fax No.: |
91-120-4302646 |
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E-Mail : |
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Website: |
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Branch Office : |
Flat No. 804 and 805, 8th Floor, Manjeera Trinity Corporate, Beside
Manjeera Mall, Sy. No. 1050 S2A, E Seva Lane, KPHB Phase 3, Kukatpally, Hyderabad
– 500072, Telangana, India |
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Factory1: |
100 Percent Eou, Plot No 1 To 4A, IID Centre, Gov Kathua - 184102, Jammu Kashmir, India |
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Factory 2: |
Plot No. 5A To 10 A and 6B IID Centre,
Govind Sar Kathua – 184102, Jammu Kashmir, India |
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International Office : |
Located at:
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Domestic Regional Office : |
Located at:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sameer Gupta |
||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Managing Director |
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Address : |
19/49, Punjabi Bagh – 110026, New Delhi, India |
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Date of Birth / Age : |
11.12.1966 |
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Qualification : |
B.E(Electronics) |
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Date of Appointment : |
01.04.2007 |
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PAN No.: |
AADPG8131D |
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DIN No.: |
00513925 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Satish Kumar Gupta |
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Designation : |
Director |
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|
Address : |
19/49, Punjabi Bagh - 110026, New Delhi, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.07.1997 |
||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00513975 |
||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sundeep Gupta |
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|
Designation : |
Whole Time Director |
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Address : |
19/49, Punjabi Bagh - 110026, New Delhi, India |
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Date of Birth / Age : |
09.04.1968 |
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Qualification : |
B.E in computer Science |
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Date of Appointment : |
01.04.2007 |
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PAN No.: |
AADPG8124E |
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DIN No.: |
00514034 |
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Other
Directorship:
|
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jagjeet Singh Deswal |
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Designation : |
Additional Director |
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Address : |
B-318, Ground Floor Saraswati Vihar, North West District,
New Delhi – 110034, India |
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Date of Appointment : |
10.03.2017 |
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DIN No.: |
07386612 |
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Other
Directorship:
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Name : |
Mr. Debashish Mazumdar |
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Designation : |
Additional Director |
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Address : |
B-150, Freedom Fighter Enclave Neb Sarai, Ignou Road, New
Delhi – 110068, India |
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Date of Appointment : |
10.03.2017 |
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DIN No.: |
00119396 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Rajan Kapathi |
|
Designation : |
Marketing Department |
|
|
|
|
Name : |
Mr. Chandan Kumar Das |
|
Designation : |
Territory Manager / Sales and Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sameer Gupta |
|
50210 |
|
Sundeep Gupta |
|
50200 |
|
Satish Kumar Gupta |
|
99510 |
|
Savita Gupta |
|
50010 |
|
Anita Gupta |
|
10 |
|
Raghav Gupta |
|
10 |
|
Bharat Gupta |
|
10 |
|
Dananjay Prabhakar Nadkarni |
|
10 |
|
Total |
|
249970 |
LIST OF ALLOTTEES
As 30.10.2017
|
Names of Allottees |
|
No. of Shares |
|
Satish Kumar Gupta |
|
3980400 |
|
Sameer Gupta |
|
2008400 |
|
Sundeep Gupta |
|
2008000 |
|
Savita Gupta |
|
2000400 |
|
Anita Gupta |
|
400 |
|
Dananjay Prabhakar Nadkarni |
|
400 |
|
Bharat Gupta |
|
400 |
|
Raghav Gupta |
|
400 |
|
Total |
|
9998800 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
Subject is engaged in manufacturing of Cummins - Jakson Silent Diesel Generator
Sets and Gas Generating Sets, Panels, Solar Products. (Registered activity /
Confirmed by management) |
||||||
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||||||
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Products : |
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||||||
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||||||
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Brand Names : |
Not Divulged |
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||||||
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Agencies Held : |
Not Divulged |
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||||||
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Exports : |
Not Divulged |
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||||||
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Imports : |
Not Divulged |
||||||
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|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Walker, Chandiok and Company LLP Chartered Accountants |
|
Address : |
L - 41, Connaught Circus, New Delhi-110001, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Wholly owned
subsidiaries : |
U55101DL2011PTC227949
U45200DL2013PTC249949
U45200DL2013PTC249959
U45400DL2013PTC251342
U45200DL2013PTC251422
U45201DL2006PTC145580
U45400DL2011PTC220658
U45400DL2013PTC251339
U29220DL2010PTC201302 |
|
|
|
|
Entities where
significant influence is exercised by KMP having transactions with the
Company: |
|
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 105.000
Million
Issued, Subscribed & Paid-up Capital: INR 102.488 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249970 |
Equity Shares |
INR 10/- each |
INR 2.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET - STANDALONE
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
5148.608 |
4606.476 |
4394.803 |
|
(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) |
5151.108 |
4608.976 |
4397.303 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.247 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
5.229 |
|
(c) Other long term
liabilities |
5.302 |
0.535 |
1.803 |
|
(d) long-term provisions |
38.481 |
30.670 |
0.000 |
|
Total
Non-current Liabilities (3) |
54.030 |
31.205 |
7.032 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
449.210 |
79.694 |
688.964 |
|
(b) Trade payables |
1407.913 |
871.917 |
767.151 |
|
(c) Other current liabilities |
718.757 |
497.442 |
357.320 |
|
(d) Short-term provisions |
89.320 |
1.913 |
1.543 |
|
Total
Current Liabilities (4) |
2665.200 |
1450.966 |
1814.978 |
|
|
|
|
|
|
TOTAL |
7870.338 |
6091.147 |
6219.313 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
595.972 |
592.103 |
659.567 |
|
(ii) Intangible Assets |
5.949 |
3.115 |
1.018 |
|
(iii) Capital work-in-progress |
0.000 |
4.221 |
4.338 |
|
(iv) Intangible assets under
development |
0.750 |
0.000 |
0.000 |
|
(b) Non-current Investments |
557.644 |
527.017 |
246.069 |
|
(c) Deferred tax assets (net) |
14.347 |
18.739 |
0.000 |
|
(d) Long-term Loan and Advances |
449.572 |
383.633 |
1446.406 |
|
(e) Other Non-current assets |
12.292 |
0.000 |
25.860 |
|
Total
Non-Current Assets |
1636.526 |
1528.828 |
2383.258 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1028.494 |
1436.955 |
605.054 |
|
(b) Inventories |
1087.771 |
612.469 |
840.757 |
|
(c) Trade receivables |
3452.411 |
2035.506 |
1923.647 |
|
(d) Cash and cash equivalents |
203.573 |
171.000 |
130.780 |
|
(e) Short-term loans and
advances |
350.124 |
277.860 |
324.092 |
|
(f) Other current assets |
111.439 |
28.529 |
11.725 |
|
Total
Current Assets |
6233.812 |
4562.319 |
3836.055 |
|
|
|
|
|
|
TOTAL |
7870.338 |
6091.147 |
6219.313 |
PROFIT
& LOSS ACCOUNT - STANDALONE
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8432.429 |
5555.139 |
6303.089 |
|
|
Other Income |
296.343 |
224.562 |
152.792 |
|
|
TOTAL
|
8728.772 |
5779.701 |
6455.881 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
6634.788 |
3626.232 |
3650.279 |
|
|
Purchases of Stock-in-Trade |
0.000 |
1012.219 |
1753.027 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
80.530 |
(100.320) |
(16.570) |
|
|
Employees benefits expense |
611.863 |
477.185 |
402.007 |
|
|
Prior period items before tax |
0.000 |
43.308 |
2.627 |
|
|
CSR expenditure |
6.196 |
0.000 |
0.000 |
|
|
Other expenses |
619.761 |
425.927 |
427.923 |
|
|
TOTAL |
7953.138 |
5484.551 |
6219.293 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
775.634 |
295.150 |
236.588 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.815 |
36.953 |
61.837 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
726.819 |
258.197 |
174.751 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
87.110 |
91.880 |
71.236 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
639.709 |
166.317 |
103.515 |
|
|
|
|
|
|
|
Less |
TAX |
97.577 |
(45.356) |
0.447 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
542.132 |
211.673 |
103.068 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2156.23 |
846.79 |
412.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
6.831 |
0.000 |
NA |
|
Net cash flows from (used in) operations |
(699.783) |
1771.634 |
(838.033) |
|
Net cash flows from (used in) operating activities |
(846.062) |
1728.029 |
(917.491) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
149.44 |
133.74 |
111.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.44 |
2.73 |
3.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
77.45 |
68.61 |
51.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.71 |
0.48 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.29 |
0.49 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.34 |
0.24 |
0.29 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.09 |
0.02 |
0.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.52 |
0.31 |
0.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.12 |
0.13 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
15.89 |
7.99 |
3.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.43 |
3.81 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.89 |
3.48 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.52 |
4.59 |
2.34 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.34 |
3.14 |
2.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.93 |
2.72 |
1.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.65 |
0.76 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
183.78 |
31.88 |
275.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.34 |
3.14 |
2.11 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
4394.803 |
4606.476 |
5148.608 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4397.303 |
4608.976 |
5151.108 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
10.247 |
|
Short Term borrowings |
688.964 |
79.694 |
449.210 |
|
Total
borrowings |
688.964 |
79.694 |
459.457 |
|
Debt/Equity
ratio |
0.157 |
0.017 |
0.089 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
6303.089 |
5555.139 |
8432.429 |
|
|
|
(11.866) |
51.795 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
6303.089 |
5555.139 |
8432.429 |
|
Profit |
103.068 |
211.673 |
542.132 |
|
|
1.64% |
3.81% |
6.43% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.500 |
2.500 |
|
(b) Reserves & Surplus |
|
4927.847 |
4467.747 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4930.347 |
4470.247 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1119.788 |
1102.184 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
5.302 |
0.535 |
|
(d) long-term provisions |
|
44.553 |
35.816 |
|
Total
Non-current Liabilities (3) |
|
1169.643 |
1138.535 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
498.110 |
103.894 |
|
(b) Trade payables |
|
1431.822 |
917.237 |
|
(c) Other current liabilities |
|
1085.208 |
849.123 |
|
(d) Short-term provisions |
|
89.666 |
2.309 |
|
Total
Current Liabilities (4) |
|
3104.806 |
1872.563 |
|
|
|
|
|
|
TOTAL |
|
9204.796 |
7481.345 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2128.734 |
2194.493 |
|
(ii) Intangible Assets |
|
24.299 |
22.189 |
|
(iii) Capital work-in-progress |
|
5.194 |
9.416 |
|
(iv) Intangible assets under
development |
|
0.750 |
0.000 |
|
(b) Non-current Investments |
|
116.146 |
85.519 |
|
(c) Deferred tax assets (net) |
|
18.071 |
23.974 |
|
(d) Long-term Loan and Advances |
|
517.368 |
442.921 |
|
(e) Other Non-current assets |
|
18.399 |
17.875 |
|
Total
Non-Current Assets |
|
2828.961 |
2796.387 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1037.983 |
1446.954 |
|
(b) Inventories |
|
1156.525 |
687.977 |
|
(c) Trade receivables |
|
3510.993 |
2102.314 |
|
(d) Cash and cash equivalents |
|
218.483 |
206.755 |
|
(e) Short-term loans and
advances |
|
332.241 |
225.307 |
|
(f) Other current assets |
|
119.610 |
15.651 |
|
Total
Current Assets |
|
6375.835 |
4684.958 |
|
|
|
|
|
|
TOTAL |
|
9204.796 |
7481.345 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
8980.708 |
6149.438 |
|
|
Other Income |
|
330.558 |
237.069 |
|
|
TOTAL
|
|
9311.266 |
6386.507 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
6650.937 |
3652.713 |
|
|
Purchases of Stock-in-Trade |
|
341.268 |
1386.810 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
87.760 |
(68.943) |
|
|
Employees benefits expense |
|
724.170 |
587.763 |
|
|
Prior period items before tax |
|
1.000 |
48.527 |
|
|
CSR expenditure |
|
6.196 |
0.000 |
|
|
Other expenses |
|
708.813 |
525.496 |
|
|
TOTAL |
|
8520.144 |
6132.366 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
791.122 |
254.141 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
69.126 |
55.363 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
721.996 |
198.778 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
160.505 |
162.174 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
561.491 |
36.604 |
|
|
|
|
|
|
|
Less |
TAX |
|
101.391 |
(42.635) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
460.100 |
79.239 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
1841.00 |
317.00 |
LEGAL
CASES
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ O.M.P (I) (COMM.) 215/2016
AAGREE CONTRACTS (P) LIMITED …Petitioner
Through: Mr. M M Kalra with Ms. Sonali Kumar, Advocate
Versus
JAKSON LIMITED AND OTHERS …Respondent
Through: Mr. Manish Jha, Advocate
O.M.P. (I) (COMM.) 106/2017 & IA Nos. 4657-4658/2017
JAKSON LIMITED & ORS.
Through: Mr. Manish Jha, Advocate
Versus
APR REAL ESTATES PRIVATE LIMITED & ORS. …Respondents
Through: Mr. Abhay N Das, Advocate for R-1
Mr. M M Kalra with Ms. Sonali
Kumar, Advocate for R-2 to 4.
CORAM:
HON’BLE MR.
JUSTICE VIBHU NAKHRU
% O
R D E R
19.04.2017
These petitioner are filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the ‘Act’) inter alia praying for interim relief.
The arbitral Tribunal has been constituted and therefore the parties would be at liberty to approach the arbitral tribunal for such interim relief, as may be advised.
The interim order passed in the proceedings shall continue till it is varied or modified by the tribunal on an application moved by the either of the parties.
It is further clarified that the arbitrator shall consider the question of interim relief, uninfluenced by any observation made by this Court in these proceedings.
Parties are also at liberty to approach the arbitral tribunal or DAC for fixing a hearing.
VIBHU BAKHRU, J.
APRIL 19, 2017
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from A, 626, 6th Floor, Tower – A, DLF Tower Jasola, New Delhi – 110044, India to the present address w.e.f. 29.07.2013
COMPANY OVERVIEW
Jakson Limited (‘the Company’) is a public company, domiciled in India under the provision of the Companies Act, 1956. The Company is engaged in manufacturing of Cummins - Jakson silent diesel generator sets and gas generating sets.
OPERATING RESULTS AND
REVIEW OF OPERATIONS
In FY’16, the Company recorded a total revenue of INR 8728.772 Million, an increase of about 50.77% from INR 5779.562 Million in FY’15. The gross operating profit of the Company for FY’16 stood at INR 775.634 Million in comparision to INR 295.150 Million in the previous year, an increase of approx. 129.20% and the net profit was INR 542.132 Million as compared to INR 211.673 Million in the previous financial year. Finance cost increased to INR 48.815 Million from 36.953 Million in FY’ 15.
The net worth of the Company was INR 4608.976 Million in FY’16 as compared to INR 5151.108 Million in FY’15 and total debt was INR 459.457 Million as on 31.03.2016.
FUTURE OUTLOOK
A country’s industrial power and economic output, to a large extent depends on reliable energy supply. Even brief interruptions of power or fluctuations in the quality of power can have grave economic consequences. This makes a reliable power supply a key factor in a country’s economic stability. The Company is the leading manufacturer and market leader of Cummins diesel and gas fuelled power systems. It is a single window provider of power solutions offering top-of-the-line products and services. The Company provides integrated solutions, right from individual generating sets to design to execution of power plants all backed by an unparalleled service support. Further Company is into contracting business, in common parlance called EPC focusing an end-to-end concept to commissioning model. Being one of the leaders in engineering and execution of projects of all sizes, the Company has positioned itself as an integrated EPC service provider for multi-disciplinary projects including power plants, transmission and distribution, metro rail projects and infrastructure development.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G50089515 |
100116165 |
Axis Bank Limited |
20/06/2017 |
- |
- |
600000000.0 |
Trishul, 3rd Floor, Opposite Samartheswar Temple,Law Garden, Ellis Bridge,AhmedabadGJ380006IN |
|
2 |
G12928602 |
100052026 |
HDFC BANK LIMITED |
22/08/2016 |
- |
- |
3375000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WMUMBAIMH400013IN |
|
3 |
G09587437 |
100044798 |
State Bank of India |
28/07/2016 |
- |
- |
1000000000.0 |
Industrial Finance Branch , 14th FloorJawahar Vyapar Bhawan 1, Tolosty MargNew DelhiDL110001IN |
|
4 |
G11487048 |
100049230 |
INDUSIND BANK LTD. |
17/07/2016 |
- |
- |
750000000.0 |
DR. GOPAL DAS BUILDING28, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
5 |
G28669976 |
100028903 |
RBL BANK LIMITED |
04/04/2016 |
08/11/2016 |
- |
600000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
6 |
C79295762 |
10620637 |
Citi Bank N.A. |
31/12/2015 |
- |
- |
850000000.0 |
Jeevan Bharti Building, 4th Floor124 Connaught Circus, Connaught PlaceNew DelhiDL110001IN |
|
7 |
G53170254 |
10544918 |
YES BANK LIMITED |
29/12/2014 |
17/07/2017 |
- |
800000000.0 |
9th Floor, Nehru Centre, Discovery of IndiaDr. Annie Besant Road, WorliMUMBAIMH400018IN |
|
8 |
C29376951 |
10525491 |
Citi Bank N.A. |
16/10/2014 |
- |
- |
100000000.0 |
Jeevan Bharti Building, 4th Florr,124 Connaught Circus, Connaught place,New DelhiDL110001IN |
|
9 |
A58867466 |
10147786 |
STANDARD CHARTERED BANK |
19/03/2009 |
- |
- |
450000000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
10 |
C60124104 |
10014843 |
HDFC BANK LIMITED |
15/07/2006 |
01/06/2015 |
- |
800000000.0 |
1st Floor, Kailash BuildingK.G. MargNew DelhiDL110001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
6.877 |
7.375 |
|
Guarantees |
1874.719 |
1315.011 |
|
Other money for which company is contingently liable |
90.144 |
22.497 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
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.