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|
MIRA INFORM REPORT
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Report No. : |
516585 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
JINDAL SAW LIMITED (w.e.f.07.02.2005) |
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Formerly Known
As : |
SAW PIPES LIMITED |
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Registered
Office : |
A-1, UPSIDC
Industrial Area, Nandgaon Road, Kosi Kalan, District Mathura – 281403, Uttar
Pradesh |
|
Tel. No.: |
91-11-26188360 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
31.10.1984 |
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CIN No.: [Company Identification
No.] |
L27104UP1984PLC023979 |
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Capital
Investment / Paid-up Capital : |
INR 639.500 Million |
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IEC No.: |
0588137235 |
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TIN No.: |
09427600123 |
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PAN No.: [Permanent Account No.] |
AABCS7280C |
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GSTN : [Goods & Service Tax
Registration No.] |
09AABCS7280C1ZD |
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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
: |
Subject is engaged primarily into Manufacturing of Iron
and Steel Pipes and Pellets. [Registered Activity] |
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No. of Employees
: [AS ON:
31.03.2017] |
7251 (Approximately) |
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 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is the flagship company of PR Jindal group, established in the
year 1984. It is manufacturer of Iron and Steel pipes and pellets. For the financial year ended 2018, the company has witnessed a growth
in its revenue and has achieved profit margin at 5.42% [approx.]. The rating takes into consideration long operational track record,
strong and resourceful promoter group, healthy financial profile and low debt
level of the company. However, the rating strength is partially offset by highly competitive
steel industry. Trade relations are fair. Business is active. Payments terms are seems
to be usually correct and as per commitments. In view of the 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 (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 |
Proposed Commercial Paper = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk |
|
Date |
08.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.06.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-11-26188360/ 26188345]
LOCATIONS
|
Registered Office : |
A-1,
UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, District: Mathura –
281403, Uttar Pradesh, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
‘Jindal Centre’, 12, Bhikaji Cama Place, New Delhi – 110066, India |
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Tel. No.: |
91-11-26188360-74/ 26188345 |
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Fax No.: |
91-11-26170691 |
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Branch Office : |
Samaghogha Village, Mundra Taluka Kutch-370415, Gujarat,
India |
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Other Branch Offices : |
Located at: · Mumbai · Gurugram · Bangalore · Kolkata · Hyderabad · Pune ·
Chennai |
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Factories: |
Located at : · Kosi Kalan (Mathura, Uttar Pradesh) · Sinar (Nashik, Maharashtra) · Mundra (Kutch, Gujarat) · Bhilwara (Rajasthan) ·
Bellary (Karnataka) |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Prithvi Raj Jindal |
|
Designation : |
Director |
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Address : |
6, Prithvi Raj Road, New Delhi - 110011, India |
|
Date of Appointment : |
31.10.1984 |
|
DIN No.: |
00005301 |
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|
Name : |
Ms. Sminu Jindal |
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Designation : |
Managing Director |
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Address : |
6, Prithvi Raj Road, New Delhi - 110011, India |
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Date of Birth/Age : |
01.09.1997 |
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DIN No.: |
00005317 |
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|
Name : |
Mr. Raj Kamal Agarwal |
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Designation : |
Independent Director |
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Address : |
31, West Avenue Road, Punjabi Bagh West, New Delhi – 110026, India |
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Date of Birth/Age : |
07.07.1952 |
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Date of Appointment : |
30.01.2006 |
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DIN No.: |
00005349 |
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Name : |
Dr. Saibal Kanti Gupta |
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Designation : |
Director |
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Address : |
No. 14, Singapore Gardens Kanakapura Road Doddakallasandra (PO) Bangalore 560062, Karnataka, India |
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Date of Appointment : |
22.11.2005 |
|
DIN No.: |
00011138 |
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|
Name : |
Mrs. Shradha Jatia |
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Designation : |
Director |
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Address : |
Flat No.1, Ground Floor, Avanti, 67- A, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
24.07.2017 |
|
DIN No.: |
00016940 |
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Name : |
Mr. Hawa Singh Chaudhary |
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Designation : |
Whole Time Director |
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Address : |
A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, District Mathura, Mathura - 281403, Uttar Pradesh, India |
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Date of Appointment : |
07.10.1988 |
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DIN No.: |
00041370 |
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|
Name : |
Mr. Abhiram Tayal |
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Designation : |
Independent Director |
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Address : |
Raghunath Bhawan, Kath Mandi Road, Hisar - 125001, Haryana, India |
|
|
10.07.2015 |
|
DIN No.: |
00081453 |
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|
Name : |
Mrs. Tripti Arya |
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Designation : |
Director |
|
Address : |
26-27, Orbit Arya, Darabshaw Lane, Nepeansea Road, Mumbai-400036, Maharashtra, India |
|
Date of Appointment : |
17.05.2014 |
|
DIN No.: |
00371397 |
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|
Name : |
Mr. Ajitkumar Hazarika |
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Designation : |
Director |
|
Address : |
D-701, 7th Floor, Alaknanda Apartments Plot No. GH-45, Sector-56, Gurgaon-122011, Haryana, India |
|
Date of Appointment : |
12.07.2016 |
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DIN No.: |
00748918 |
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|
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|
Name : |
Mr. Ravinder Nath Leekha |
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Designation : |
Director |
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Address : |
13/65, West Punjabi Bagh, New Delhi-110026, India |
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Date of Appointment : |
12.08.2011 |
|
DIN No.: |
00888433 |
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|
|
|
Name : |
Mrs. Devi Dayal |
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Designation : |
Director |
|
Address : |
B-192 A Sector – 44, Noida-201303, Uttar Pradesh, India |
|
Date of Appointment : |
30.07.2004 |
|
DIN No.: |
01083282 |
|
|
|
|
Name : |
Mr. Neeraj Kumar |
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Designation : |
Whole time Director |
|
Address : |
H. No. 3, Engineers Enclave, Road No. 44,Saraswati Vihar, Pitampura, New Delhi-110034, India |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
01776688 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Kumar Jain |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.551 Pocket, GH - 13, Paschim Vihar, New Delhi-110087, India |
|
Date of Appointment : |
01.06.2002 |
|
PAN No.: |
ADKPJ9105E |
|
|
|
|
Name : |
Mr. Narendra Mantri |
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Designation : |
Chief Executive Officer |
|
Address : |
52, Tarun Vihar Plot No. 3, Sector No. 13, Rohini, Delhi-110085, India |
|
Date of Appointment : |
27.07.2015 |
|
PAN No.: |
AGEPM0940M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of |
|
|
(A) Promoter &
Promoter Group |
171353301 |
53.59 |
|
|
(B) Public |
148400816 |
46.41 |
|
|
Grand Total |
319754117 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
10403000 |
3.25 |
|
|
DEEPIKA JINDAL |
5574500 |
1.74 |
|
|
ABHYUDAY JINDAL |
3503500 |
1.10 |
|
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INDRESH BATRA |
750000 |
0.23 |
|
|
NAVEEN JINDAL |
218700 |
0.07 |
|
|
SAVITRI DEVI
JINDAL |
103800 |
0.03 |
|
|
R K JINDAL &
SONS HUF . HUF |
81600 |
0.03 |
|
|
ARTI JINDAL |
60000 |
0.02 |
|
|
URVI JINDAL |
30000 |
0.01 |
|
|
S K JINDAL AND
SONS HUF . HUF |
21600 |
0.01 |
|
|
P R JINDAL HUF .
HUF |
21600 |
0.01 |
|
|
TRIPTI JINDAL |
15000 |
0.00 |
|
|
SMINU JINDAL |
15000 |
0.00 |
|
|
NAVEEN JINDAL HUF |
6600 |
0.00 |
|
|
PARTH JINDAL |
100 |
0.00 |
|
|
TANVI SHETE |
100 |
0.00 |
|
|
TARINI JINDAL
HANDA |
100 |
0.00 |
|
|
SANGITA JINDAL |
100 |
0.00 |
|
|
SAJJAN JINDAL |
100 |
0.00 |
|
|
SAJJAN JINDAL AS
TRUSTEE OF SAJJAN JINDAL FAMILY TRUST |
100 |
0.00 |
|
|
SAJJAN JINDAL AS
TRUSTEE OF SAJJAN JINDAL LINEAGE TRUST |
100 |
0.00 |
|
|
SAJJAN JINDAL AS
TRUSTEE OF SANGITA JINDAL FAMILY TRUST |
100 |
0.00 |
|
|
SAJJAN JINDAL AS
TRUSTEE OF TARINI JINDAL FAMILY TRUST |
100 |
0.00 |
|
|
SAJJAN JINDAL AS TRUSTEE
OF TANVI JINDAL FAMILY TRUST |
100 |
0.00 |
|
|
SAJJAN JINDAL AS
TRUSTEE OF PARTH JINDAL FAMILY TRUST |
100 |
0.00 |
|
|
Any Other
(specify) |
109853305 |
34.36 |
|
|
NALWA SONS
INVESTMENTS LIMITED |
53550000 |
16.75 |
|
|
DANTA ENTERPRISES
PRIVATE LIMITED |
23572150 |
7.37 |
|
|
SIDDESHWARI TRADEX
PRIVATE LIMITED |
13004485 |
4.07 |
|
|
OPJ TRADING
PRIVATE LIMITED |
7774332 |
2.43 |
|
|
DIVINO
MULTIVENTURES PRIVATE LIMITED |
5345350 |
1.67 |
|
|
VIRTUOUS TRADECORP
PRIVATE LIMITED |
2916568 |
0.91 |
|
|
JSL LIMITED |
2071000 |
0.65 |
|
|
GLEBE TRADING
PRIVATE LIMITED |
772620 |
0.24 |
|
|
MEREDITH TRADERS
PRIVATE LIMITED |
432000 |
0.14 |
|
|
GAGAN TRADING CO
LIMITED |
210000 |
0.07 |
|
|
SYSTRAN
MULTIVENTURES PRIVATE LIMITED |
204600 |
0.06 |
|
|
SAHYOG HOLDINGS
PRIVATE LIMITED |
100 |
0.00 |
|
|
VINAMRA
CONSULTANCY PRIVATE LIMITED |
100 |
0.00 |
|
|
Sub Total A1 |
120256305 |
37.61 |
|
|
A2) Foreign |
0.00 |
||
|
Individuals
(NonResident Individuals/ Foreign Individuals) |
174900 |
0.05 |
|
|
PRITHVI RAJ JINDAL |
98700 |
0.03 |
|
|
RATAN JINDAL |
76200 |
0.02 |
|
|
Any Other
(specify) |
50922096 |
15.93 |
|
|
FOUR SEASONS
INVESTMENTS LIMITED |
43530596 |
13.61 |
|
|
ESTRELA INVESTMENT
COMPANY LIMITED |
1877500 |
0.59 |
|
|
TEMPLAR
INVESTMENTS LIMITED |
1856500 |
0.58 |
|
|
MENDEZA HOLDINGS
LIMITED |
1832500 |
0.57 |
|
|
NACHO INVESTMENTS
LIMITED |
1825000 |
0.57 |
|
|
Sub Total A2 |
51096996 |
15.98 |
|
|
A=A1+A2 |
171353301 |
53.59 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957
As a % of |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
6228361 |
1.95 |
|
|
ADITYA BIRLA SUN
LIFE TRUSTEE PRIVATE LIMITED |
3290000 |
1.03 |
|
|
Foreign Portfolio
Investors |
40908597 |
12.79 |
|
|
CRESTA FUND
LIMITED |
11367245 |
3.55 |
|
|
Financial
Institutions/ Banks |
356822 |
0.11 |
|
|
Insurance
Companies |
7040536 |
2.20 |
|
|
LIC OF INDIA
PROFIT PLUS GROWTH FUND |
6874301 |
2.15 |
|
|
Any Other
(specify) |
8000 |
0.00 |
|
|
Sub Total B1 |
54542316 |
17.06 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0.00 |
||
|
B3)
Non-Institutions |
0.00 |
||
|
Individual share
capital up to INR 0.200 Million |
36869690 |
11.53 |
|
|
Individual share
capital in excess of INR 0.200 Million |
8140904 |
2.55 |
|
|
NBFCs registered
with RBI |
833208 |
0.26 |
|
|
Any Other
(specify) |
48014698 |
15.02 |
|
|
SIGMATECH INC. |
30120000 |
9.42 |
|
|
Sub Total B3 |
93858500 |
29.35 |
|
|
B=B1+B2+B3 |
148400816 |
46.41 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily into Manufacturing of Iron
and Steel Pipes and Pellets. [Registered Activity] |
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
|
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|
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
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Suppliers : |
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Customers : [As per Indirect Sources] |
· Ahmedabad Municipal Corporation · Cairn Energy · Gas Authority of India Limited (Gail) · GVPR Engineers Limited · Bharat Petroleum Corporation Limited (BPCL) · Gammon India Limited · Indian Oil Corporation Limited (IOCL) |
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No. of Employees : [AS ON: 31.03.2017] |
7251 (Approximately) |
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Bankers : [AS ON: 31.03.2017] |
·
State Bank of India ·
State Bank of Patiala [Merged with State
Bank of India] ·
State Bank of Mysore [Merged with State
Bank of India] ·
State Bank of Travancore [Merged with State
Bank of India] ·
Axis Bank Limited ·
Canara Bank ·
DBS Bank ·
HDFC Bank Limited ·
ICICI Bank Limited ·
Kotak Mahindra Bank Limited ·
Karnataka Bank Limited ·
Punjab National Bank ·
Standard Chartered Bank ·
United Bank of India |
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Facilities : |
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Statutory Auditors : [AS ON: 31.03.2017] |
|
|
Name : |
N.C. Aggarwal and Company Chartered
Accountants |
|
Address : |
102, Harsha
House, Karampura Commercial Complex, New Delhi-110015, India |
|
Tel. No.: |
91-11-25920555-56
/ 25221561 |
|
E-Mail: |
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|
|
|
|
Internal Auditors :
[AS ON: 31.03.2017] |
|
|
Name : |
Deloitte Haskins and Sells Chartered
Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
Jindal Fittings Limited (from March 29, 2016) |
|
|
|
|
Trust under common
control : [AS ON: 31.03.2017] |
· Jindal Saw Employees Group Gratuity Scheme · JITF Waterways Limited Employee group gratuity trust |
|
|
|
|
Entities where control
exist – Subsidiaries and indirect subsidiaries: [AS ON: 31.03.2017] |
Direct Subsidiaries · Jindal ITF Limited · IUP Jindal Metals & Alloys Limited · IUP Jindal Metals & Alloys Limited · Quality Iron and Steel Limited · Ralael Holdings Limited · Jindal Saw Holdings FZE · Greenray Holdings Limited · Universal Tube Accessories Private Limited (upto April 12, 2016) · Jindal Saw Espana, S.L. (upto March 10, 2017) · Jindal Tubular (India) Limited · JITF Shipyards Limited -(Name changed from JITF Waterways Limited w.e.f August 5, 2016) · Jindal Quality Tubular Limited · JITF Shipping & Logistics (Singapore) Pte. Limited (upto March 17, 2017) Indirect
Subsidiaries · Jindal Saw USA, LLC · Jindal Saw Italia S.P.A. · Jindal Saw Middle East FZC · Derwent Sand SARL · Jindal Saw Gulf L.L.C · Jindal International FZE · Jindal Intellicom Limited · iCom Analytics Limited · Jindal Tubular U.S.A. LLC (upto March 30, 2017)* · World Transload & Logistics LLC · 5101 Boone LLP · Tube Technologies INC · Helical Anchors INC · Boone Real Property Holding LLC · Drill Pipe International LLC · JITF Coal Logistics Limited (upto June 30, 2016) · Sulog Transshipment Services Limited (w.e.f. June 29, 2016) |
|
|
|
|
Entities where key management
personnel and their relatives exercise significant influence : [AS ON: 31.03.2017] |
· Abhinandan Investments Limited · Bir Plantation Private Limited · Colorado Trading Company Limited · Danta Enterprises Private Limited · Derwent Sand SARL · Drill Pipe International LLC · Gagan Trading company Limited · Glebe Trading Private Limited · Greenray Holdings Limited · Helical Anchors INC · Hexa Securities and Finance Company Limited · Hexa Tradex Limited · Jindal Equipment Leasing & Consultancy Services Limited · Jindal Industries Private Limited · Jindal Stainless (Hisar) Limited · Jindal Stainless Limited · Jindal Steel & Power Limited ·
Jindal Systems Private Limited · Jindal Tubular USA LLC · JITF Coal Logistics Limited (w.e.f. July 1, 2016) · Quality Foils (India) Private Limited (upto July 15, 2015) · Quality Stainless Private Limited (upto July 15, 2015) · JITF Infralogistics Limited · JITF Water Infrastructure Limited · JSW Power Trading Company Limited · JSW Reality & Infrastructure Private Limited · JSW Steel Coated Products Limited · JSW Steel Limited · JITF Urban Infrastructure Services Limited · Maa Bhagwati Travels · Mansarovar Investment Limited · Nalwa Investment Limited · Nalwa Sons Investment Limited · O. P. Jindal Charitable Trust · O. P. Jindal Charitable Trust · P R Jindal HUF · R K Jindal & Sons HUF · Rohit Tower Building Limited · S K Jindal & Sons HUF · Sahyog Tradecorp Private Limited · Siddeshwari Tradex Private Limited · Stainless Investment Limited · Virtuous Tradcorp Private Limited · Trinetra Buildcon Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital : NOT AVAILABLE
Issued Subscribed & Paid-up Capital: INR 639.500
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1775000000 |
Equity Shares |
INR 2/- each |
INR 3550.000 Million |
|
10000000 |
Redeemable Non-Convertible Cumulative Preference shares |
INR 100/- each |
INR 1000.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 4550.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
319761367 |
Equity Shares |
INR 2/- each |
INR 639.523
Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
319757367 |
Equity Shares |
INR 2/- each |
INR 639.515
Million |
|
4000 |
Add : Forfeited Equity Shares |
|
INR 0.004
Million |
|
|
|
|
|
|
|
Total |
|
INR 639.519
Million |
FINANCIAL DATA
[all figures are
in 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 |
639.500 |
639.519 |
609.072 |
|
(b) Reserves & Surplus |
58490.700 |
54999.147 |
52407.625 |
|
(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) |
59130.200 |
55638.666 |
53016.697 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
17960.300 |
17526.591 |
21799.783 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
4086.854 |
3284.467 |
|
(c)
Other long term liabilities |
5986.300 |
1359.804 |
1190.119 |
|
(d)
long-term provisions |
914.400 |
799.383 |
572.076 |
|
Total
Non-current Liabilities (3) |
24861.000 |
23772.632 |
26846.445 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
24224.900 |
20002.827 |
24464.226 |
|
(b)
Trade payables |
3788.800 |
2910.564 |
2971.234 |
|
(c)
Other current liabilities |
5718.500 |
6962.640 |
7962.507 |
|
(d)
Short-term provisions |
104.800 |
78.192 |
54.636 |
|
Total
Current Liabilities (4) |
33837.000 |
29954.223 |
35452.603 |
|
|
|
|
|
|
TOTAL |
117828.200 |
109365.521 |
115315.745 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
56335.300 |
57694.206 |
57522.603 |
|
(ii)
Intangible Assets |
40.200 |
35.949 |
49.187 |
|
(iii)
Capital work-in-progress |
1077.500 |
654.976 |
2036.657 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6486.200 |
5770.147 |
5502.976 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2076.900 |
1839.424 |
1570.089 |
|
(e)
Other Non-current assets |
784.000 |
717.236 |
720.828 |
|
Total
Non-Current Assets |
66800.100 |
66711.938 |
67402.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
1251.156 |
|
(b)
Inventories |
19510.400 |
17992.749 |
17966.628 |
|
(c)
Trade receivables |
16425.700 |
12080.890 |
15851.311 |
|
(d)
Cash and cash equivalents |
420.700 |
396.547 |
1240.458 |
|
(e)
Short-term loans and advances |
10652.400 |
7085.076 |
5251.793 |
|
(f)
Other current assets |
4001.300 |
5098.321 |
6352.059 |
|
|
17.600 |
0.000 |
0.000 |
|
Total
Current Assets |
51028.100 |
42653.583 |
47913.405 |
|
|
|
|
|
|
TOTAL |
117828.200 |
109365.521 |
115315.745 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
72815.500 |
56957.256 |
61196.084 |
|
|
|
Other Income |
2209.700 |
2173.915 |
2042.812 |
|
|
|
TOTAL |
75025.200 |
59131.171 |
63238.896 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
45053.200 |
31103.532 |
34295.257 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(2254.800) |
(1031.857) |
616.788 |
|
|
|
Employees benefits expense |
5133.600 |
4655.018 |
4269.014 |
|
|
|
Other expenses |
14496.500 |
13192.469 |
12933.491 |
|
|
|
Exceptional items |
0.000 |
312.198 |
1332.132 |
|
|
|
TOTAL |
62428.500 |
48231.360 |
53446.682 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12596.700 |
10899.811 |
9792.214 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4151.100 |
3799.034 |
4944.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8445.600 |
7100.777 |
4847.504 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2561.700 |
2393.623 |
2271.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5883.900 |
4707.154 |
2575.506 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1940.900 |
1630.132 |
362.226 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3943.000 |
3077.022 |
2213.280 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
12.06 |
9.62 |
6.79 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
3984.642 |
3543.486 |
|
|
|
|
|
|
Cash generated from operations |
NA |
13761.074 |
6094.237 |
|
|
|
|
|
|
Net cash inflow / (outflow) from operating activities |
NA |
12826.870 |
5438.989 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
82.34 |
77.42 |
94.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.43 |
4.71 |
3.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
30.70 |
34.16 |
31.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.65 |
0.61 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.22 |
0.19 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.43 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.71 |
0.67 |
0.87 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.57 |
0.54 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.97 |
1.05 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.03 |
2.87 |
1.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.42 |
5.40 |
3.62 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.35 |
2.81 |
1.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.67 |
5.53 |
4.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.51 |
1.42 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.93 |
0.82 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.51 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
65.97 |
58.68 |
75.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.51 |
1.42 |
1.35 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
|
|
|
Market Value |
INR 85.00/- |
FINANCIAL ANALYSIS
[all figures are
in 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 |
609.072 |
639.519 |
639.500 |
|
Reserves & Surplus |
52407.625 |
54999.147 |
58490.700 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
53016.697 |
55638.666 |
59130.200 |
|
|
|
|
|
|
long-term borrowings |
21799.783 |
17526.591 |
17960.300 |
|
Short term borrowings |
24464.226 |
20002.827 |
24224.900 |
|
Total
borrowings |
46264.009 |
37529.418 |
42185.200 |
|
Debt/Equity
ratio |
0.873 |
0.675 |
0.713 |
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 |
61196.084 |
56957.256 |
72815.500 |
|
|
|
(6.927) |
27.842 |
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 |
61196.084 |
56957.256 |
72815.500 |
|
Profit/ (Loss) |
2213.280 |
3077.022 |
3943.000 |
|
|
3.62% |
5.40% |
5.42% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2018 |
31.03.2017 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
639.500 |
639.519 |
|
(b) Reserves & Surplus |
|
54324.500 |
53221.856 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Non-controlling
interest |
|
(2964.000) |
(1266.046) |
|
Total
Shareholders’ Funds (1) + (2) |
|
52000.000 |
52595.329 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
33114.600 |
33022.268 |
|
(b) Deferred tax liabilities (Net) |
|
4960.400 |
4608.228 |
|
(c)
Other long term liabilities |
|
1970.100 |
1916.231 |
|
(d)
long-term provisions |
|
1000.900 |
874.890 |
|
Total
Non-current Liabilities (3) |
|
41046.000 |
40421.617 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
27255.300 |
21979.928 |
|
(b)
Trade payables |
|
5662.800 |
4114.068 |
|
(c)
Other current liabilities |
|
8745.800 |
11625.630 |
|
(d)
Short-term provisions |
|
147.600 |
116.053 |
|
Liabilities associated with assets held for sale |
|
381.900 |
404.930 |
|
Total
Current Liabilities (4) |
|
42193.400 |
38240.609 |
|
|
|
|
|
|
TOTAL |
|
135239.400 |
131257.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
71126.100 |
74490.529 |
|
(ii)
Intangible Assets |
|
75.800 |
56.083 |
|
(iii)
Capital work-in-progress |
|
1263.800 |
1019.295 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1089.000 |
1172.392 |
|
(c) Deferred tax assets
(net) |
|
3274.300 |
2698.870 |
|
(d) Long-term Loan
and Advances |
|
2749.300 |
3020.756 |
|
(e)
Other Non-current assets |
|
2271.400 |
2003.624 |
|
Total
Non-Current Assets |
|
81849.700 |
84461.549 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
13.400 |
18.123 |
|
(b)
Inventories |
|
24631.100 |
23098.379 |
|
(c)
Trade receivables |
|
19297.900 |
13704.272 |
|
(d)
Cash and cash equivalents |
|
1436.900 |
1324.078 |
|
(e)
Short-term loans and advances |
|
1917.200 |
1630.491 |
|
(f)
Other current assets |
|
5811.100 |
6723.475 |
|
Assets held for sale |
|
282.100 |
297.188 |
|
Total
Current Assets |
|
53389.700 |
46796.006 |
|
|
|
|
|
|
TOTAL |
|
135239.400 |
131257.555 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
84782.300 |
70946.708 |
|
|
|
Other Income |
|
1561.300 |
1801.980 |
|
|
|
TOTAL |
|
86343.600 |
72748.688 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
51462.000 |
38175.508 |
|
|
|
Purchase of
stock-in-trade |
|
118.800 |
1.254 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(2578.800) |
(78.595) |
|
|
|
Employees benefits expense |
|
7572.700 |
7785.018 |
|
|
|
Other expenses |
|
18043.100 |
17502.978 |
|
|
|
Exceptional items |
|
908.100 |
(616.143) |
|
|
|
Share of profit/ (loss) of joint ventures/associate |
|
54.000 |
85.872 |
|
|
|
TOTAL |
|
75579.900 |
62855.892 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
10763.700 |
9892.796 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
5791.500 |
5686.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
4972.200 |
4206.093 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3634.800 |
3473.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1337.400 |
732.394 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1331.200 |
212.832 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT AND
LOSS FROM CONTINUING OPERATIONS AFTER TAX |
|
6.200 |
519.562 |
|
|
|
|
|
|
|
|
|
|
Discounting
operations |
|
|
|
|
|
|
Profit/ loss from discontinuing operations |
|
(435.500) |
(133.439) |
|
|
|
Tax credit/ [expenses] of discounting operation |
|
319.600 |
(0.927) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
FROM DISCOUNTING OPERATION AFTER TAX |
|
(115.900) |
(134.366) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS FOR
THE YEAR PERIOD |
|
(109.700) |
385.196 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Earning per Equity Share
(face value of ` 2/- each) (for continuing operation) |
|
|
|
|
|
|
Basic |
|
5.91 |
3.68 |
|
|
|
Diluted |
|
5.91 |
3.68 |
|
|
|
|
|
|
|
|
|
|
Earning per Equity
Share (face value of ` 2/- each) (for discontinued operation) |
|
|
|
|
|
|
Basic |
|
(0.36) |
(0.42) |
|
|
|
Diluted |
|
(0.36) |
(0.42) |
|
|
|
|
|
|
|
|
|
|
Earning per Equity
Share (face value of ` 2/- each) (for continuing and discontinued operation) |
|
|
|
|
|
|
Basic |
|
5.55 |
3.26 |
|
|
|
Diluted |
|
5.55 |
3.26 |
|
LEGAL CASES
HIGH COURT
|
THE COMMISSIONER OF CENTR AL EXCISE AND CUSTOMS VS JINDAL SAW LIMITED |
|
high court-Mumbai |
|
Case no:11. CEXAL/77/2009 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Date:2009-12-15T00:00:00Z |
|
KACHCHH STATE OF GUJARAT VS JINDAL SAW LIMITED |
|
high court-Guj |
|
Case no:44. LPA/893/2015 |
|
Case status:Pending |
|
Judge:HON'BLE MR.JUSTICE A.J.DESAI |
|
Date:2016-11-02T00:00:00Z |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G70047485 |
100139840 |
IDBI TRUSTEESHIP SERVICES LIMITED |
10/11/2017 |
- |
- |
1000000000.0 |
ASIAN BLDG., GROUND FLOOR17, R.KAMANI MARG, BALLARD ESTATEMUMBAIMH400001IN |
|
2 |
G61397410 |
100132927 |
INDIAN BANK |
27/10/2017 |
- |
- |
2500000000.0 |
NEW DELHI MAIN BRANCHG-41, CONNAUGHT CIRCUSNEW DELHIDL110001IN |
|
3 |
G58140385 |
100129317 |
AXIS BANK LIMITED |
26/09/2017 |
- |
- |
2400000000.0 |
CORPORATE BANKING AT 2ND FLOOR,PARSVNATH CAPITAL TOWER, GOLE MARKET,NEW DELHIDL110001IN |
|
4 |
G45910353 |
100102831 |
CATALYST TRUSTEESHIP LIMITED |
29/03/2017 |
- |
- |
1000000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
5 |
G81357311 |
100090985 |
LAKSHMI VILAS BANK LIMITED |
22/03/2017 |
13/03/2018 |
- |
1000000000.0 |
JANPATH BRANCH, M-47, OUTER CONNAUGHT CIRCUSOPP. SHANKAR MARKETNEW DELHIDL110001IN |
|
6 |
G80714603 |
100077140 |
AXIS TRUSTEE SERVICES LIMITED |
10/02/2017 |
13/03/2018 |
- |
600000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMA400025IN |
|
7 |
G79769378 |
100066918 |
ICICI BANK LIMITED |
16/12/2016 |
16/03/2018 |
- |
2000000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGJ390007IN |
|
8 |
G29474541 |
100065329 |
AXIS TRUSTEE SERVICES LIMITED |
18/11/2016 |
- |
- |
4000000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMA400025IN |
|
9 |
G29719648 |
100065775 |
IDBI TRUSTEESHIP SERVICES LIMITED |
02/11/2016 |
- |
- |
306500000.0 |
ASIAN BLDG., GROUND FLOOR17, R.KAMANI MARG, BALLARD ESTATEMUMBAIMH400001IN |
|
10 |
G45172954 |
100101024 |
IDBI TRUSTEESHIP SERVICES LIMITED |
12/09/2016 |
- |
- |
1000000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARGBALLARD ESTATE,MUMBAIMH400001IN |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Short term loans from Banks |
NA |
2377.650 |
|
|
|
|
|
Total |
NA |
2377.650 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
Guarantees issued by the Company's bankers on behalf of
the Company |
NA |
7850.477 |
|
Corporate guarantees/ undertaking issued to lenders of
subsidiary companies |
NA |
13370.094 |
|
Performance guarantees issued on behalf of subsidiary
company |
NA |
296.986 |
|
Liability in respect of Corporate Guarantee/Duty Saved for
availing various export based incentive schemes |
NA |
111.858 |
|
Letter of Credit
Outstanding |
|
|
|
Letter of Credit Outstanding |
NA |
1098.071 |
|
Other contingent
liabilities |
|
|
|
Claims against the company not acknowledged as debt |
NA |
0.000 |
|
Disputed Excise duty, Custom Duty and service tax |
NA |
16.943 |
|
Income tax demands against which company has preferred appeals |
NA |
178.927 |
|
Disputed Sales Tax |
NA |
23.656 |
It is not possible to predict the outcome of the pending litigations with
accuracy, the Company believes, based on legal opinions received, that it has
meritorious defences to the claims. The management believe the pending actions
will not require outflow of resources embodying economic benefits and will not
have a material adverse effect upon the results of the operations, cash flows
or financial condition of the Company.
CORPORATE AND GENERAL
INFORMATION [AS ON: 31.03.2017]
Subject is domiciled and incorporated in India and its shares are publicly traded on the National Stock Exchange (‘NSE’) and the Bombay Stock Exchange (‘BSE’), in India. The registered office of JSAW is situated at A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, District Mathura, 281403 (U.P.) India.
Under Companies Act, 2013, Group is defined as parent, subsidiaries, joint ventures and associates. For the purpose of these financial statements, the aforesaid definition under Companies Act, 2013 has been considered. Group is a leading global manufacturer and supplier of Iron and Steel pipe products, fittings and accessories with manufacturing facilities in India, USA, Europe and UAE. Its products have application in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes and other industrial applications. The Company is also into ocean waterways business
FIXED ASSETS: [AS
ON: 31.03.2017]
·
Leasehold Land
·
Building
·
Plant and Equipment
· Electrical Installations
· Containers and vessels
·
Mine Development
· Computer equipment
· Office furniture and equipment
·
Vehicles
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 68.52 |
|
UK Pound |
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.