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|
MIRA INFORM REPORT
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Report No. : |
516623 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAIN IRRIGATION SYSTEMS LIMITED |
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Registered
Office : |
Jain
Plastic Park, P O Box No 72, N.H. No.6, Bambhori, Jalgaon – 425001, Maharashtra |
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Tel. No.: |
91-257-2258011 |
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Country : |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
30.12.1986 |
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CIN No.: [Company Identification
No.] |
L29120MH1986PLC042028 |
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Capital
Investment / Paid-up Capital : |
INR 1031.300 Million |
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IEC No.: [Import-Export Code No.] |
0388080361 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACJ7163Q |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business : |
[Registered Activity] |
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No. of Employees
(AS ON 31.03.2017): |
10893 (Approximately) |
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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 130000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1986 and it is engaged in manufacturing of micro irrigation systems, plastic pipes and products, agro processed products, renewable energy solution, tissue culture plants, financial services and other agricultural inputs. As per the financials of March 2018, the company has registered a growth of 12.23% in its revenue as compared to its previous year’s revenue and has reported good profit margin 4.24%. Rating takes into consideration the company’s long established track record of business operations marked by healthy net worth along with strong debt coverage indicators and good liquidity position. Rating also takes into account experienced promoters, leading market position in Micro Irrigation Systems (MIS) and well diversified product offering and market reach along with a widespread distribution network. Share price are quoted high on stock exchange (Share price of INR 94.05 with face value of INR 2). However, rating strength is partially offset by dependence on the seasonal agricultural sector and government policies. Payments are reported to be regular. In view of aforesaid, the company can be considered good 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
05.04.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
05.04.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 12.06.2018
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. Prahlad |
|
Designation : |
Office Executive |
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Contact No.: |
91-22-22109090 |
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Date : |
22.06.2018 |
LOCATIONS
|
Registered Office/ Head/ Research and |
Jain
Plastic Park, P O Box No 72, N.H. No.6, Bambhori, Jalgaon – 425001, Maharashtra, India |
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Tel. No.: |
91-257-2258011/ 2260011/ 22 |
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Fax No.: |
91-257-2258111/ 2261111/ 22 |
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E-Mail : |
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Website: |
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Factory 2 : |
Jain Food Park, Village - Dhobikuva, Muvad, Padra, Vadodara, Gujarat, India |
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Tel. No.: |
91-2662-267281/ 267400 |
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Fax No.: |
91-2662-267363 |
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E-Mail : |
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Factory 3 : |
Jain Hills, |
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Tel. No.: |
91-257-2260033/ 44/ 2260288 |
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Fax No.: |
91-257-2261144 |
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E-Mail : |
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Factory 4 : |
S.No.587 and 588, Village : Kondamadgu, Mandal Bibi Nagar, District
Nalgonda – 508126, |
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Tel
No. : |
91-8685-277302 / 3 |
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Fax
No. : |
91-8685-277305 |
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Factory
5 : |
Site No.258-90, Village Ellaymuthur, Udumalpet,
District |
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Tel
No. : |
91-4252-278401/ 2 |
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Fax
No.: |
91-4252-278403 |
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E-Mail
: |
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Factory
6 : |
Unit No.01,100, Gollapalli, Village Gangadhara
Mandal Nellore, District Chittoor – 517125, Andhra Pradesh, India |
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Tel
No. : |
91-8572-273703/ 202022/ 273703 |
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Fax
No.: |
91-8572-273663 |
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E-Mail
: |
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Factory
7 : |
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Tel
No. : |
91-8572-273185/ 86/ 273185/ 202033 |
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Fax
No.: |
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Factory
8: |
Plot No. SP-1, Matsya Industrial Area, Alwar – 301030, |
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Tel
No. : |
91-144-2881173/ 74/ 75/ 99 |
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E-Mail
: |
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Factory
9: |
Survey No.215, JIDC4, At Post Ghangali, Taluka Sihor, District |
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Tel
No.: |
91-2846-294222/ 225503 |
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E-Mail
: |
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Factory
10: |
S.F. No 248/2, 3, Ellayamuthur Village, Udumalpet, Tirupur, Udumalpet– 642154, Tamilnadu, India |
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Factory
11: |
Jain Energy Park, Jain Hills, Shirsoli Road, District- Jalgaon-425001, Maharashtra, India |
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Demo
and Research and Development Farm 1
: |
Jain Hills, P.O. Box: 72, Jalgaon – 425001, |
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Demo
and Research and Development Farm 2
: |
At. Takarkheda, Post Kadholi, Taluka Erandol, District Jalgaon –
425001, |
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Demo
and Research and Development Farm 3 : |
Angora Breeding Farm, Village Pirdi, Taluka Mahol, District Kulu, |
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Demo
and Research and Development Farm 4 : |
Site No. 258-90, |
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Demo
and Research and Development Farm 5 : |
Aarogyadham” Kasturba
Nisarga Upchar Kendra, |
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Laisioning
Office : |
7, |
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Tel
No.: |
91-22-22109090/ 22610011/ 22129090/ 22670011 |
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Fax
No. |
91-22-22621177/ 22641177 |
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Sangli-Kolhapur Road, Post Ankali, Taluka Miraj, District
Sangli. - 416415, Maharashtra, India |
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Tel
No.: |
91-233-2422100 |
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Fax
No. |
91-233-2422200 |
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Other Regional Offices and Depot : |
Located at ·
Ferozepur ·
Adilabad ·
Ahmedabad ·
Ahmednagar ·
Amravati ·
Anantapur ·
Aurangabad ·
Bangalore ·
Baramati ·
Bardoli ·
Belgaum ·
Bijapur ·
Bhuj ·
Bikaner ·
Bilaspur ·
Kutch ·
Buldhana ·
Chamba ·
Chandigarh ·
Chennai ·
Chittoor ·
Cochin ·
Coimbatore ·
Cuddapah ·
Nashik ·
Dindori ·
Deesa ·
East Godavari ·
Guntur ·
Hamirpur ·
Hyderabad ·
Indore ·
Jalbalpur ·
Jaipur ·
Jalgaon ·
Jhalawad ·
Jhansi ·
Jodhpur ·
Khammam ·
Kolkata ·
Kullu ·
Kurnool ·
Latur ·
Lucknow ·
Madurai ·
Narasipatnam ·
Angareddy ·
Nagpur ·
Nalgonda ·
Nanded ·
Vizag ·
Nellore ·
Nizamabad ·
New Delhi · Pulivendula ·
Solapur ·
Vizag ·
Patna ·
Pondicherry ·
Pune ·
Ranchi ·
Ratnagiri ·
Shimla · Sanchore ·
Sundernagar ·
West Godavari ·
Zirakhpur ·
Sirsa ·
Srikakulam ·
Mandi ·
Thane ·
Udaipur ·
Una ·
Vadodara ·
Vijaywada ·
Vishakhapatnam ·
Warangal · Mohali |
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Overseas
offices : |
Located at: ·
·
·
·
·
·
·
|
DIRECTORS
AS ON 31.03.2018
|
Name : |
Anil Bhavarlal Jain |
|
Designation : |
Managing Director |
|
Address : |
Jains House, 7/8, Suyog Colony, Near Girna Water Tank, Jalgaon -
425001, Maharashtra, India |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
00053035 |
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|
Name : |
Ashok Bhavarlal Jain |
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Designation : |
Wholetime Director |
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Address : |
Jains House, 7/8 Suyog Colony, Near Girna Water Tank, Jalgaon - 425001,
Maharashtra, India |
|
Date of Appointment : |
01.10.2015 |
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DIN No.: |
00053157 |
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|
Name : |
Ajit Bhavarlal Jain |
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Designation : |
Wholetime Director |
|
Address : |
Jains House, 7/8 Suyog Colony, Near Girna Water Tank, Jalgaon - 425001,
Maharashtra, India |
|
Date of Appointment : |
01.10.2010 |
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DIN No.: |
00053299 |
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|
|
|
Name : |
Atul Bhavarlal Jain |
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Designation : |
Wholetime Director |
|
Address : |
Jains House, 7/8 Suyog Colony, Near Girna Water Tank, Jalgaon - 425001,
Maharashtra, India |
|
Date of Appointment : |
01.10.2015 |
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DIN No.: |
00053407 |
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|
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|
Name : |
Ramanathan Swaminathan |
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Designation : |
Wholetime Director |
|
Address : |
5B, Suyog Colony Near Girna Water Tank Jalgaon - 425001, Maharashtra, India |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
00060983 |
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|
Name : |
Radhika Carlton Pereira |
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Designation : |
Director |
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Address : |
72, Buena Vista, J. Bhosale Marg, Nariman Point, Mumbai - 400021,
Maharashtra, India |
|
Date of Appointment : |
29.12.2005 |
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DIN No.: |
00016712 |
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|
Name : |
Warty Vasant Vishwanath |
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Designation : |
Director |
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Address : |
6, Unmesh N.P.Thakker Road, Vile Parle (East), Mumbai - 400057,
Maharashtra, India |
|
Date of Appointment : |
13.05.2004 |
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DIN No.: |
00701010 |
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|
Name : |
Devendra Raj Mehta |
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Designation : |
Director |
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Address : |
B - 5 Mahavir Udyan Marg Bajaj Nagar Jaipur 302015 Rajasthan, India |
|
Date of Appointment : |
26.12.2007 |
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DIN No.: |
01067895 |
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|
Name : |
Ghanshyam Dass |
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Designation : |
Director |
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Address : |
31A Sobha Emerald, Sobha Suburb 1a Behind Jakkur Flying Club, Jakkur
Bangalore - 560064, Karnataka, India |
|
Date of Appointment : |
25.08.2009 |
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DIN No.: |
01807011 |
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|
|
Name : |
Harishchand Prasad Singh |
|
Designation : |
Director |
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Address : |
B- 3, Nasc Complex, Dev Prakash Shastri Marg Pusa, New Delhi - 110012,
India |
|
Date of Appointment : |
11.08.2014 |
|
DIN No.: |
06387125 |
KEY EXECUTIVES
|
Name : |
Avdhut Vasant Ghodgaonkar |
|
Designation : |
Company Secretary and Chief Compliance Officer |
|
Address : |
PN 4, Sn 478/1b-2 Telephone Nagar, Jalgaon- 425001, Maharashtra, India |
|
Date of Appointment : |
30.03.1993 |
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PAN No.: |
ABCPG6485C |
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|
|
|
Name : |
Atul Bhavarlal Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
Jains House, 7/8, Suyog Colony Near Girna Water Tank
Jalgaon 425001 MH IN |
|
Date of Appointment : |
10.11.2017 |
|
PAN No.: |
AALPJ3440J |
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|
|
|
Name : |
Mr. Prahlad |
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Designation : |
Office Executive |
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Audit Committee: |
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Nomination and
Remuneration Committee: |
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Stakeholders
Relationship Committee: |
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Corporate Social
Responsibility Committee: |
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Risk Management
Committee: |
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Operations Review
Committee: |
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SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
5859636 |
30.37 |
|
(B) Public |
13434531 |
69.63 |
|
(C) Shares
underlying DRs |
137 |
0.00 |
|
Grand Total |
19294304 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
A1) Indian |
|
0.00 |
|
Individuals/Hindu undivided Family |
1029386 |
5.34 |
|
Bhavarlal Hiralal Jain |
132762 |
0.69 |
|
Ashok Bhavarlal Jain |
92873 |
0.48 |
|
Jyoti Ashok Jain |
169075 |
0.88 |
|
Arohi Ashok Jain |
13678 |
0.07 |
|
Athman Ashok Jain |
2500 |
0.01 |
|
Anil Bhavarlal Jain |
5684 |
0.03 |
|
Nisha Anil Jain |
76937 |
0.40 |
|
Athang Anil Jain |
6638 |
0.03 |
|
Amoli Anil Jain |
15766 |
0.08 |
|
Ashuli Anil Jain |
6897 |
0.04 |
|
Ajit Bhavarlal Jain |
467010 |
2.42 |
|
Shobhana Ajit Jain |
23287 |
0.12 |
|
Abhedya Ajit Jain |
4481 |
0.02 |
|
Abhang Ajit Jain |
2500 |
0.01 |
|
Atul Bhavarlal Jain |
8798 |
0.05 |
|
Bhavna Atul Jain |
500 |
0.00 |
|
Any Other (specify) |
4830250 |
25.03 |
|
Jalgaon Investments Private Limited |
4830250 |
25.03 |
|
JAF Products Private Limited |
|
0.00 |
|
Sub Total A1 |
5859636 |
30.37 |
|
A2) Foreign |
|
0.00 |
|
A=A1+A2 |
5859636 |
30.37 |
Statement showing shareholding pattern of the Public
shareholder
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
B1) Institutions |
|
0.00 |
|
Mutual Funds/ |
601 |
0.00 |
|
Foreign Portfolio Investors |
69272 |
0.36 |
|
Financial Institutions/ Banks |
55625 |
0.29 |
|
Any Other (specify) |
50 |
0.00 |
|
Foreign Bank |
50 |
0.00 |
|
Sub Total B1 |
125548 |
0.65 |
|
B2) Central Government/ State
Government(s)/ President of India |
|
0.00 |
|
B3) Non-Institutions |
|
0.00 |
|
Individual share capital upto INR 0.200
Million |
8231050 |
42.66 |
|
Individual share capital in excess of INR
0.200 Million |
1966070 |
10.19 |
|
Deven Mehta |
300000 |
1.55 |
|
Saurabh Agrawal |
389462 |
2.02 |
|
M R Rajaram |
208225 |
1.08 |
|
Manish Santoshkumar Kejriwal |
210000 |
1.09 |
|
Any Other (specify) |
3111863 |
16.13 |
|
Trusts |
1654 |
0.01 |
|
HUF |
471337 |
2.44 |
|
Non-Resident Indian (NRI) |
39330 |
0.20 |
|
Non-Resident Indian (NRI) |
250244 |
1.30 |
|
Office Bearers |
169084 |
0.88 |
|
Clearing Members |
332584 |
1.72 |
|
Bodies Corporate |
1847630 |
9.58 |
|
Finquest Financial Solutions Pvt. Ltd. |
354000 |
1.83 |
|
G N Credit Private Limited |
230000 |
1.19 |
|
Securities Holdings India Private Limited |
197000 |
1.02 |
|
Sub Total B3 |
13308983 |
68.98 |
|
B=B1+B2+B3 |
13434531 |
69.63 |
BUSINESS DETAILS
|
Line of Business : |
[Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees
(AS ON 31.03.2017): |
10893 (Approximately) |
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Bankers (AS ON 31.03.2017): |
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Facilities : |
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Auditors (AS ON 31.03.2017): |
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|
Name : |
Haribhakti and Company Chartered Accountants |
|
Address : |
705, Leela Business Park, Andheri-Kurla Road, Andheri(East), Mumbai 400 059, Maharashtra, India |
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Solicitors (AS ON
31.03.2017): |
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Name : |
Solomon and
Company |
|
Address : |
Calcot House, 3rd Floor,
8/10, M.P. Shetty Marg, ( |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary of Jain
Irrigation Systems Limited (AS ON 31.03.2017): |
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Subsidiary of Jain
International Foods Limited (AS ON 31.03.2017): |
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Subsidiary of JISL
Overseas Limited, Mauritius (AS ON 31.03.2017): |
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WOS of Jain
International Trading BV (AS ON 31.03.2017): |
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Jain America Foods
Inc., USA (Formerly Jain (Americas) Inc. USA) (AS ON 31.03.2017): |
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WOS of Jain America
Holdings, Inc, Delaware (AS ON 31.03.2017): |
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WOS of Jain
Irrigation Inc, Delaware (AS ON 31.03.2017): |
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WOS of Jain
Overseas B V, Netherland (AS ON 31.03.2017): |
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WOS of JISL Global
SA, Switzerland (AS ON 31.03.2017): |
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Subsidiary of Jain (Israel)
BV, Netherland (AS ON 31.03.2017): |
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WOS of Jain
(Israel) BV, Netherland (AS ON 31.03.2017): |
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WOS of JISL Systems
SA, Switzerland (AS ON 31.03.2017): |
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Subsidiary of The
Machine Yvonand S.A. Switzerland (AS ON 31.03.2017): |
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Subsidiary of Naandan
Jain Irrigation Limited (AS ON 31.03.2017): |
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Joint Venture of
Naandan Jain Irrigation Limited (AS ON 31.03.2017): |
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|
WOS of Jain Farm
Fresh Foods Limited (AS ON 31.03.2017): |
|
|
|
|
|
Wholly Owned
Subsidiary of Jain International Foods Limited (Formerly SQF 2009 Limited.)
(AS ON 31.03.2017): |
|
|
|
|
|
Wholly Owned Subsidiary of Jain
International Foods Limited
(Formerly SQF 2009 Limited.) (AS ON 31.03.2017): |
|
|
|
|
|
WOS of Jain
(Europe) Limited., UK (AS ON 31.03.2017): |
|
|
|
|
|
Subsidiary of Jain
Processed Foods Trading and Investment Pvt. Limited (AS ON 31.03.2017): |
|
|
|
|
|
WOS of Jain
Irrigation Holdings, Inc., Delaware (AS ON 31.03.2017): |
|
|
|
|
|
Subsidiary of Jain
America Holdings, Inc (AS ON 31.03.2017): |
|
|
|
|
|
Subsidiary of
Cascade Specialties Inc, USA (AS ON 31.03.2017): |
|
|
|
|
|
Subsidiary of Jain Agricultural
Services LLC, USA (AS ON 31.03.2017): |
|
|
|
|
|
Subsidiary of Jain
(Europe) Limited., UK (AS ON 31.03.2017): |
|
|
|
|
|
Companies/Firms in which Directors,
Relatives of Directors are Directors/Partners Domestic Companies
(AS ON 31.03.2017): |
|
|
|
|
|
Partnership Firms |
|
|
|
|
|
Proprietorship
Concerns (AS ON 31.03.2017): |
|
|
|
|
|
Trust / Section 8
Companies (AS ON 31.03.2017): |
|
|
|
|
|
Trust Entities (AS
ON 31.03.2017): |
|
|
|
|
|
Foreign companies (AS
ON 31.03.2017): |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR
1031.300 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
926500000 |
Equity Shares |
INR 2/- each |
INR 1853.000 Million |
|
5000000 |
Redeemable Preference Shares |
INR 100/- each |
INR 500.000 Million |
|
310000000 |
Differential
Voting Rights Equity Shares |
INR 2/- each |
INR 620.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 2973.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
460166053 |
Equity shares |
INR 2/- each |
INR 920.33 Million |
|
19294304 |
Equity shares |
INR 2/- each |
INR 38.590 Million |
|
|
|
|
|
|
|
Total |
|
INR 958.920 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1031.300 |
958.920 |
953.030 |
|
(b) Reserves &
Surplus |
44556.200 |
42206.080 |
40664.940 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
45587.500 |
43165.000 |
41617.970 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4489.900 |
5262.880 |
12124.710 |
|
(b) Deferred tax
liabilities (Net) |
3551.800 |
3907.000 |
3728.250 |
|
(c) Other long term
liabilities |
522.300 |
858.880 |
236.000 |
|
(d) long-term provisions |
234.600 |
215.150 |
76.670 |
|
Total Non-current
Liabilities (3) |
8798.600 |
10243.910 |
16165.630 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5583.400 |
6007.670 |
13434.810 |
|
(b) Trade payables |
12137.900 |
8629.380 |
7849.190 |
|
(c) Other current
liabilities |
4804.300 |
8326.860 |
5369.180 |
|
(d) Short-term provisions |
123.400 |
117.370 |
79.930 |
|
Total Current Liabilities
(4) |
22649.000 |
23081.280 |
26733.110 |
|
|
|
|
|
|
TOTAL |
77035.100 |
76490.190 |
84516.710 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29197.800 |
29292.830 |
30064.420 |
|
(ii) Intangible Assets |
120.100 |
147.360 |
161.280 |
|
(iii) Capital
work-in-progress |
665.200 |
196.750 |
160.370 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
11665.600 |
11227.080 |
14270.720 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
110.600 |
0.000 |
757.190 |
|
(e) Other Non-current
assets |
1922.300 |
2054.550 |
2340.690 |
|
Total Non-Current Assets |
43681.600 |
42918.570 |
47754.670 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7984.500 |
8922.910 |
7341.650 |
|
(c) Trade receivables |
17229.500 |
15351.280 |
17986.090 |
|
(d) Cash and cash
equivalents |
2648.900 |
1680.820 |
1321.550 |
|
(e) Short-term loans and
advances |
121.900 |
162.320 |
202.580 |
|
(f) Other current assets |
5368.700 |
7454.290 |
9910.170 |
|
Total Current Assets |
33353.500 |
33571.620 |
36762.040 |
|
|
|
|
|
|
TOTAL |
77035.100 |
76490.190 |
84516.710 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
43364.200 |
38639.530 |
44381.600 |
|
|
Other Income |
697.100 |
1207.960 |
664.240 |
|
|
TOTAL
|
44061.300 |
39847.490 |
45045.840 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
23141.700 |
23941.060 |
21359.100 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
774.500 |
(3211.980) |
3498.170 |
|
|
Excise duty on sales |
474.700 |
1537.120 |
1642.200 |
|
|
Employees benefits expense |
2880.200 |
2639.040 |
2568.450 |
|
|
Other expenses |
9220.300 |
7676.300 |
8469.560 |
|
|
TOTAL |
36491.400 |
32581.540 |
37537.480 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
7569.900 |
7265.950 |
7508.360 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2758.600 |
3423.090 |
4285.490 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4811.300 |
3842.860 |
3222.870 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1902.300 |
1811.100 |
2293.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2909.000 |
2031.760 |
929.770 |
|
|
|
|
|
|
|
Less |
TAX |
98.200 |
393.740 |
318.290 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2810.800 |
1638.020 |
611.480 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
NA |
8520.140 |
|
|
TOTAL
EARNINGS |
NA |
NA |
8520.140 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw materials and components |
NA |
NA |
4360.640 |
|
|
Capital Goods |
NA |
NA |
78.320 |
|
|
TOTAL
IMPORTS |
NA |
NA |
4438.960 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
5.45 |
3.18 |
0.88 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
4995.490 |
2754.880 |
|
|
|
|
|
|
Cash generated from operations |
NA |
7946.390 |
3453.590 |
|
|
|
|
|
|
Net cash flow generated from operating activities |
NA |
7830.960 |
3335.970 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
145.02 |
145.01 |
147.92 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.52 |
2.52 |
2.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
191.44 |
131.56 |
134.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.95 |
0.81 |
1.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.25 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.35 |
0.44 |
0.49 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.22 |
0.38 |
0.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.50 |
0.53 |
0.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.66 |
0.69 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.74 |
2.12 |
1.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.48 |
4.24 |
1.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.65 |
2.14 |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.17 |
3.79 |
1.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.47 |
1.45 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.12 |
1.07 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.59 |
0.56 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.77 |
16.96 |
29.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.47 |
1.45 |
1.38 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2/- |
|
Market Value |
INR 94.05/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
953.030 |
958.920 |
1031.300 |
|
Reserves & Surplus |
40664.940 |
42206.080 |
44556.200 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
41617.970 |
43165.000 |
45587.500 |
|
|
|
|
|
|
Long-Term Borrowings |
12124.710 |
5262.880 |
4489.900 |
|
Short Term Borrowings |
13434.810 |
6007.670 |
5583.400 |
|
Current Maturities of Long term debt |
2754.880 |
4995.490 |
0.000 |
|
Total
borrowings |
28314.400 |
16266.040 |
10073.300 |
|
Debt/Equity
ratio |
0.680 |
0.377 |
0.221 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
44381.600 |
38639.530 |
43364.200 |
|
|
|
(12.938) |
12.228 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
42364.550 |
44381.600 |
38639.530 |
|
Profit |
493.910 |
611.480 |
1638.020 |
|
|
1.17% |
1.38% |
4.24% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2018 |
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1031.300 |
958.920 |
|
(b) Reserves & Surplus |
|
42479.200 |
40618.690 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Non controlling interest |
|
1302.100 |
1089.030 |
|
Total
Shareholders’ Funds (1) + (2) |
|
44812.600 |
42666.640 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
26489.100 |
22198.970 |
|
(b) Deferred tax liabilities
(Net) |
|
4633.100 |
4881.950 |
|
(c) Other long term
liabilities |
|
330.100 |
999.930 |
|
(d) long-term provisions |
|
741.500 |
269.060 |
|
Total
Non-current Liabilities (3) |
|
32193.800 |
28349.910 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
14977.400 |
12347.770 |
|
(b) Trade payables |
|
19907.400 |
15380.240 |
|
(c) Other current liabilities |
|
257.300 |
253.880 |
|
(d) Short-term provisions |
|
10530.900 |
12556.400 |
|
Total
Current Liabilities (4) |
|
45673.000 |
40538.290 |
|
|
|
|
|
|
TOTAL |
|
122679.400 |
111554.840 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
45542.600 |
43571.870 |
|
(ii) Intangible Assets |
|
864.700 |
754.750 |
|
(iii) Capital work-in-progress |
|
1215.600 |
642.150 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
Goodwill on consolidation |
|
6189.200 |
3447.940 |
|
(b) Non-current Investments |
|
1094.500 |
279.160 |
|
(c) Deferred tax assets (net) |
|
1159.400 |
1877.880 |
|
(d) Long-term Loan and Advances |
|
31.400 |
43.870 |
|
(e) Other Non-current assets |
|
2682.800 |
2349.930 |
|
Equity Accounted investees |
|
0.000 |
789.000 |
|
Total
Non-Current Assets |
|
58780.200 |
53756.550 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
24565.300 |
22580.730 |
|
(c) Trade receivables |
|
25274.300 |
22821.480 |
|
(d) Cash and cash equivalents |
|
4186.100 |
2660.790 |
|
(e) Short-term loans and
advances |
|
324.300 |
256.400 |
|
(f) Other current assets |
|
9549.200 |
9478.890 |
|
Total
Current Assets |
|
63899.200 |
57798.290 |
|
|
|
|
|
|
TOTAL |
|
122679.400 |
111554.840 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
79990.600 |
69393.170 |
|
|
Other Income |
|
573.000 |
612.010 |
|
|
TOTAL
|
|
80563.600 |
70005.180 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
43392.600 |
39668.420 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
(1446.600) |
(3721.580) |
|
|
Excise duty on sales |
|
523.000 |
1695.340 |
|
|
Employees benefits expense |
|
8889.600 |
7382.940 |
|
|
Other expenses |
|
18077.700 |
14965.790 |
|
|
Share of profit of equity
accounted investees (net of income tax) |
|
(36.200) |
(22.630) |
|
|
TOTAL |
|
69400.100 |
59968.280 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
11163.500 |
10036.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
4785.900 |
4593.510 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
6377.600 |
5443.390 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
3385.900 |
3013.750 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
2991.700 |
2429.640 |
|
|
|
|
|
|
|
Less |
TAX |
|
778.900 |
667.260 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
2212.800 |
1762.380 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
4.25 |
3.29 |
LEGAL
CASES
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
01/02/2018 |
|||||
|
Lodging
No.:- |
APPL/58/2018 |
Filing
Date:- |
01/02/2018 |
|||
|
Main Matter |
|
Lodging
No.:- |
CPL/843/2014 |
Reg No.:- |
CP/15/2015 |
|
Petitioner:- |
INDAGE RESTAURANTS AND LEISURE LIMITED (FORMERLY KNOWN AS CHAMPAGNE VINEYARDS LIMITED) |
|
Respondent:- |
JAIN IRRIGATION SYSTEMS LIMITED |
|
Petn.Adv.:- |
VIDHII PARTNERS (I21054) |
|
Resp.Adv.:- |
SOLOMON AND COMPANY (I590) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
APPEAL(FINAL JUDGMENT/DECREE-CP) |
|
Last
Date:- |
08/03/2018 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last
Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act :- |
Companies Act & Rules 1956 |
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
12/03/2018 |
||||
|
Lodging No.:- |
NMAL/228/2018 |
Filing Date:- |
12/03/2018 |
||
|
Main Matter |
|
Lodging No.:- |
APPL/58/2018 |
|
Petitioner:- |
INDAGE RESTAURANTS AND LEISURE LIMITED (FORMERLY KNOWN AS CHAMPAGNE VINEYARDS LIMITED) |
|
Respondent:- |
JAIN IRRIGATION SYSTEMS LIMITED |
|
Petn.Adv.:- |
VIDHII PARTNERS (I21054) |
|
District:- |
MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
NOTICE OF MOTION (APPEAL) |
|
Last Date:- |
10/04/2018 |
Stage:- |
NOTICE OF MOTION FOR HEARING |
|
Last Coram:- |
HON'BLE SHRI JUSTICE NARESH H. PATIL |
|
HON'BLE SMT. JUSTICE ANUJA PRABHUDESSAI |
|
Act :- |
Companies Act & Rules 1956 |
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 |
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 |
OPERATIONS - AND STATE OF AFFAIRS OF THE
COMPANY (AS ON 31.03.2017)
STANDALONE
The revenue including operating income remained stable during the year for the Company. Tissue Culture and PE Pipes segments were major growth drivers for the Company which showed the sparkling growth rate of 19.4% and 28.7%, respectively. Hi-tech Agri Input Products Division grew by around 6%, while the Plastic Products division experienced the growth of healthy 10%. Other business division grew by around 37.23%.
All the assets have been provided for with depreciation based on life of assets in line with rates prescribed in Schedule II to the Companies Act, 2013 (on a prorate basis using straight line method). The Company has also prepared the Financial Statements based on IND-AS.
The company has reported a profit 1638.000 million for FY 2017 as against INR 611.000 million of FY 2016, recoding excellent growth of 168%. Repayment of high cost loans had a positive impact on the company’s profit and resulted in increase in profitability.
MANAGEMENT DISCUSSION
AND ANALYSIS (AS ON 31.03.2017)
Late Shri Bade Bhau, their Founder, believed that a Company is made by its people and for us, the people are not only their associates but the stakeholders, partners and farmers. If they keep everyone together and value their contribution to their Company, they are going a long way. And they have a new generation of talent that breathes and lives this legacy passed on by their Founder. Each a true owner of their work and a guardian of the DNA of the organisation. They think micro-level, even in their commitment.
In their journey so far, they have realised that there’s no single parameter for success. They measure success through the lands they reach, the paths they break, the values they carry and the lives that they inspire. Their success story involves the success of many people together. Which is why, when they look to the future, they keep everyone in mind and create shared value.
OVERVIEW OF BUSINESS (AS ON 31.03.2017)
Jain Irrigation Systems Limited (JISL) is the flagship Company with operating subsidiary companies (Including fellow subsidiaries) and diverse businesses across the globe and aggregate revenues of over ` 69 billion. The Company is a leading agribusiness enterprise, present in the entire value chain. It is the second largest micro irrigation Company globally, and is the largest manufacturer of micro irrigation systems in India. It is also the largest manufacturer of Mango pulp, puree and concentrate in the world, and the third largest manufacturer of dehydrated onions. JISL is also India’s largest manufacturer of polyethylene pipes, leading PVC pipe manufacturer, and is also the world's largest manufacturer of Tissue Culture banana plants in the world. The Company is additionally into hybrid and grafted plants; greenhouses, poly and shade houses, bio- fertilizers, biogas and green energy (solar), solar water heating systems, solar panels, solar water pumps and plastic sheets. Many of it's plants are ISO 50000 and HACCP certified, and meet international FDA statute requirements. JISL renders consultancy for complete or partial project planning and implementation, e.g. watershed or wasteland and/or crop selection, and rotation. Over the preceding few years, the Company has concluded a few of acquisitions and merged some companies. Last year the Company separated its food business. All acquisitions and mergers have been a strategic fit, in order to strengthen the business and increase reach in every segment. The acquired companies have done well within 3 to 5 years after acquisition and are performing well in the countries where they operate.
Each of the Company's products is an outcome of an effort to conserve nature’s precious resources, through substitution or value addition. This is the legacy of a deliberate and conscious endeavour that stems from a deep-rooted concern for nature with a consistent focus for development and growth of agriculture, resulting in higher income for farmers.
UNSECURED LOAN:
|
Particulars |
31.03.2018 INR In Million |
31.03.2017 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Bonds |
|
|
|
Foreign currency convertible bonds (FCCB) - IFC |
|
2832.370 |
|
Foreign Currency convertible bonds (FCCB) - FMO – Nederlandse Inancierings- Maatschappij Voor On twikkelings landen N.V. |
|
342.710 |
|
Foreign currency convertible bonds (FCCB) – PROPARCO - Société De Promotion Et De Participation Pour La Coopération Économique |
|
342.100 |
|
Foreign currency Term loans (Average interest rate for loan under category is 0.91%) |
|
|
|
UBS AG |
|
83.140 |
|
UBS AG |
|
131.010 |
|
UBS AG |
|
314.380 |
|
Liability component of compound financial instruments
Compulsory convertible Debentures (CCD) |
|
205.790 |
|
Current maturities of non-current borrowings |
|
(4995.490) |
|
SHORT TERM BORROWINGS |
|
|
|
From banks Unsecured loans from banks |
|
350.000 |
|
Total |
NA |
(393.990) |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
|
A) Claims not acknowledged as debts in respect of: |
|
|
Customs and excise duty [paid under protest INR 29.37 (PY INR 38.32)] |
329.210 |
|
Excise duty [paid under protest INR 12.95 (PY INR 21.90 )] |
273.600 |
|
Service Tax [paid under protest INR 16.42 (PY INR 16.42)] |
55.610 |
|
Other taxes & levies [paid under protest INR 111.46 (PY INR 43.41)] |
194.220 |
|
Sales Tax,VAT,CST [paid under protest INR 93.87 (PY INR 25.82 )] |
167.370 |
|
Income Tax [paid under protest INR 17.59 (PY INR 17.59 )] |
26.850 |
|
Others (legal case) |
79.720 |
|
Performance guarantees given by the Company’s bankers in the normal course of business |
5575.920 |
|
Export obligation towards duty saved amount under EPCG scheme |
15.340 |
|
Corporate guarantees given for repayment of indebtedness of associate/overseas subsidiaries |
13841.720 |
|
Corporate counter guarantee given for repayment of indebtness of Kibbuz Naan Israel |
324.190 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G84334366 |
100170250 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
06/04/2018 |
- |
2000000000.0 |
ASIAN BUILDING, GROUND
FLOOR17, R KAMANI MARG, BELLARD ESTATEMUMBAIMH400001IN |
|
2 |
G87088597 |
100175666 |
CANARA BANK |
08/02/2018 |
- |
1500000000.0 |
C. T. S. 1982,
VISANJI NAGAR,JILHA PETHJALGAONMH425001IN |
|
3 |
G60808409 |
100132278 |
ORIENTAL BANK OF
COMMERCE |
03/11/2017 |
- |
1500000000.0 |
LARGE CORPORATE
BRANCH14TH FLOOR, F-WING, MAKER TOWER, CUFFE PARADEMUMBAIMH400005IN |
|
4 |
G84093384 |
100127491 |
EXPORT IMPORT BANK
OF INDIA |
11/10/2017 |
06/04/2018 |
2000000000.0 |
CENTRE ONE BUILDING,
FLOOR 21WORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN |
|
5 |
G56956667 |
100128103 |
EXPORT-IMPORT BANK
OF INDIA |
27/09/2017 |
- |
830000000.0 |
CENTRE ONE
BUILDING, FLOOR 21WORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN |
|
6 |
G60322203 |
100131557 |
EXPORT-IMPORT BANK
OF INDIA |
27/09/2017 |
- |
3250000000.0 |
CENTRE ONE
BUILDING, FLOOR 21WORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN |
|
7 |
G45944303 |
100102908 |
BANK OF BARODA |
26/05/2017 |
- |
300000000.0 |
CORPORATE
FINANCIAL SERVICES BRANCH3, WALCHAND HIRACHAND MARG, 1ST FLOOR,BALLARD
PIERMUMBAIMH400001IN |
|
8 |
G46822581 |
100105364 |
SYNDICATE BANK |
26/05/2017 |
- |
1600000000.0 |
LARGE CORPORATE
BRANCH3RD FLOOR, 10 HOMJI STREET, FORTMUMBAIMH400023IN |
|
9 |
G41602368 |
100091638 |
STATE BANK OF
INDIA |
15/03/2017 |
- |
1170000000.0 |
"THE
CAPITAL", A WING,16TH FLOORBANDRA KURLA COMPLEX, BANDRA
(E)MUMBAIMH400051IN |
|
10 |
G08246035 |
100040908 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
13/07/2016 |
- |
1000000000.0 |
ASIAN BUILDING,
17, R. KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
FIXED ASSETS:
v TANGIBLE ASSETS
· Free hold land
· Lease hold land
· Factory buildings and Godown
· Green/poly/shed houses
· Plant and equipment’s
· Furniture and fixtures
· Office equipment
· Vehicles
· Orchard activities
· Live stock
v INTANGIBLE ASSETS
· Goodwill
· Product development
· Computer software
· Technical knowhow
· Non-compete fees
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 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--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.