|
|
|
MIRA INFORM REPORT
|
Report No. : |
494847 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JANKI CORP LIMITED |
|
|
|
|
Formerly Known
As : |
JANKI PROCESSORS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Mandpiya Chouraha, Chittor Road, Bhilwara - 311001, Rajasthan |
|
Tel. No.: |
91-8392–287704 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
16.09.1993 |
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|
|
|
Com. Reg. No.: |
17-023549 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 313.536
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17118RJ1993PLC023549 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
GST No.: |
08AAACJ3638A1ZZ |
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|
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TIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ3638A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Sponge Iron and Processing and Selling of Synthetic Fabrics and also Power Division. (Registered Activity) |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1993. It is a manufacturer of sponge iron and power and processor and seller of fabrics. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year’s revenue and has incurred continuous losses from past few years. The weak financial position of the company is marked by huge accumulated losses which have eroded the net worth base, very high debt balance sheet profile and poor liquidity position. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on fully safe and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 01.03.2018.
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
[Contact No: 91-8392-287704/ 287712]
[91-1482-249010/ 249018 are continuously ringing]
LOCATIONS
Registered
Office/ Textile Division :
|
Mandpiya Chouraha, Chittor Road, Bhilwara - 311001, Rajasthan, India |
|
Tel. No.: |
91-1482-249010/ 249018 |
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Fax No.: |
91-1482-249020 |
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E-Mail : |
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|
Website : |
|
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Factory/ Steel
Division : |
Sidiginamola Village, District Bellary– 583138, Karnataka, India |
|
Tel. No.: |
91-8392–287704/ 287740/ 287712 |
|
Fax No.: |
91-8392–261174/ 287720 |
|
|
|
|
Corporate Office : |
No. 765, Second Floor, 100 Feet Road, Indirannagar, Bangalore -
560038,Karnataka, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Raghu Nath Mittal |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
Laxmi Kunj, 229/2, Mohan Lal Sukahadia Nagar, Ajmer Road, Bhilwara - 311001, Rajasthan, India |
||||||||
|
Date of Birth/Age : |
19.02.1962 |
||||||||
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Qualification : |
B.Com |
||||||||
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Date of Appointment : |
01.04.2008 |
||||||||
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PAN No.: |
AIMPM1347G |
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DIN No.: |
00175295 |
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Other Directorship :
|
|||||||||
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|
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Name : |
Mr. Rahul Mittal |
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|
Designation : |
Whole-Time Director |
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|
Address : |
229/2, Mohanlal Sukhadia Nagar, Ajmer Road, Bhilwara - 311001, Rajasthan, India |
||||||||
|
Date of Birth/Age : |
16.10.1984 |
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|
Qualification : |
MBA |
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|
Date of Appointment : |
01.04.2012 |
||||||||
|
PAN No.: |
AIMPM1347G |
||||||||
|
DIN No.: |
00808409 |
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|
Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Ranu Porwal |
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|
Designation : |
Director |
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|
Address : |
154 Kashipuri, Bhilwara - 311001, Rajasthan, India |
||||||||
|
Date of Birth/Age : |
18.01.1987 |
||||||||
|
Qualification : |
CA |
||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||
|
PAN No.: |
ASRPP4340D |
||||||||
|
DIN No.: |
07141407 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Prabhu Dayal Sharma |
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|
Designation : |
Director |
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|
Address : |
1-M-8, R C Vyas Colony, Bhilwara - 311001, Rajasthan, India |
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|
Date of Birth/Age : |
12.12.1952 |
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|
Qualification : |
CA |
||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||
|
PAN No.: |
ASVPS6827N |
||||||||
|
DIN No.: |
07142350 |
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|
|
||||||||
|
Name : |
Mr. Vikas Poddar |
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|
Designation : |
Additional Director |
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|
Address : |
C-110,R.K.Colony Bhilwara 311001, Rajasthan, India |
||||||||
|
Date of Appointment : |
13.11.2017 |
||||||||
|
DIN No.: |
01880216 |
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KEY EXECUTIVES
|
Name : |
Mr. Chandra Prakash Mantri |
|
Designation : |
CFO(KMP) |
|
Address : |
4 - A – 10, R.C. Vyas Colony, Bhilwara-311001, Rajasthan,
India |
|
Date of Birth/Age : |
14.06.1966 |
|
Qualification : |
CA |
|
Date of Appointment : |
01.10.2016 |
|
PAN No.: |
ADLPM6208L |
|
|
|
|
Name : |
Rachna Kanwar Panwar |
|
Designation : |
Company Secretary |
|
Address : |
C-1, 132 Kv Gss Rseb Colony, Pur Road, Bhilwara-311001, Rajasthan, India |
|
Date of Birth/Age : |
21.03.1990 |
|
Qualification : |
ACS |
|
Date of Appointment : |
08.02.2017 |
|
PAN No.: |
BVKPP1301D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Raghu Nath Mittal |
|
7926838 |
|
Dina Nath Mittal |
|
25000 |
|
Madhu Mittal |
|
795750 |
|
Santosh Devi |
|
20000 |
|
Kunal Mittal |
|
14000 |
|
Sunita Mittal |
|
20000 |
|
Raghu Nath Mittal (HUF) |
|
3935560 |
|
Rahul Mittal |
|
4049852 |
|
Rohit Mittal |
|
3725500 |
|
Rahul Mittal (HUF) |
|
258500 |
|
Rohit Mittal (HUF) |
|
882700 |
|
Kiosk Agenices Private Limited, India |
|
1785000 |
|
Dadha Engineering and Credit Private Limited, India |
|
2468000 |
|
Sweety Vanijya Viniyog Private Limited, India |
|
3500000 |
|
Om Prakash and Sons Private Limited, India |
|
1869500 |
|
Laxmikanth Tradelink Private Limited, India |
|
31800 |
|
Omkareshwar Holding and Credit Private Limited, India |
|
26500 |
|
Maa Bagora Agro Products Private Limited, India |
|
19100 |
|
|
|
|
|
Total |
|
31353600 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
69.00 |
|
Public/Other than promoters - Body Corporate |
30.94 |
|
Public/Other than promoters – Others (Specify) |
0.06 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Sponge Iron and Processing and Selling of Synthetic Fabrics and also Power Division. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
“JPL” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of Bikaner and Jaipur Bhopalganj, Bhilwara - 311001, Rajasthan, India |
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Facilities : |
|
|
Financial Institution : |
· SBICAP Trustee Company Limited 202, Maker Tower, 'E', Cuffe Parade,Colaba, Mumbai-400005,
Maharashtra, India |
|
|
|
|
Auditors 2 : |
|
|
Name : |
A Bafna and Company |
|
Address : |
K- 2, Raj Apartment, Keshav Path, Near Ahinsa Circle C-Scheme, Jaipur-302001, Rajasthan, India |
|
PAN No.: |
AAGFA3909A |
|
|
|
|
Auditors 2 : |
|
|
Name : |
O.P. Dad and Company Chartered Accountants |
|
Address : |
1st Floor, Balaji Complex, Bhilwara - 311001, Rajasthan, India |
|
PAN No.: |
AAAFO3593Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· JPL Industries Limited, India [U24304RJ2000PLC016409] · Janki Apex Industries Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31353600 |
Equity Shares |
INR.10/- each |
INR 313.536
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
313.536 |
300.774 |
298.059 |
|
(b) Reserves and Surplus |
(644.509) |
439.982 |
1555.799 |
|
(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) |
(330.973) |
740.756 |
1853.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3664.734 |
3453.223 |
2881.705 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
154.221 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.458 |
16.978 |
14.778 |
|
Total Non-current
Liabilities (3) |
3677.192 |
3470.201 |
3050.704 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1716.748 |
1730.146 |
2024.774 |
|
(b) Trade
payables |
691.765 |
546.650 |
900.157 |
|
(c) Other
current liabilities |
689.350 |
479.439 |
436.608 |
|
(d) Short-term
provisions |
4.609 |
4.727 |
3.959 |
|
Total Current
Liabilities (4) |
3102.472 |
2760.962 |
3365.498 |
|
|
|
|
|
|
TOTAL |
6448.691 |
6971.919 |
8270.060 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
3767.940 |
3949.815 |
4171.190 |
|
(ii)
Intangible Assets |
0.798 |
1.354 |
2.656 |
|
(iii) Tangible assets
capital work-in-progress |
29.499 |
9.303 |
19.063 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.003 |
0.003 |
0.003 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
3.020 |
33.851 |
32.858 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3801.260 |
3994.326 |
4225.770 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1339.363 |
1346.355 |
2437.557 |
|
(c) Trade
receivables |
513.765 |
693.390 |
556.537 |
|
(d) Cash and
bank balances |
82.315 |
95.575 |
354.088 |
|
(e)
Short-term loans and advances |
701.317 |
834.419 |
681.687 |
|
(f) Other
current assets |
10.671 |
7.854 |
14.421 |
|
Total
Current Assets |
2647.431 |
2977.593 |
4044.290 |
|
|
|
|
|
|
TOTAL |
6448.691 |
6971.919 |
8270.060 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3220.606 |
4334.541 |
5311.908 |
|
|
Other Income |
17.113 |
15.467 |
23.013 |
|
|
TOTAL |
3237.719 |
4350.008 |
5334.921 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2258.306 |
2839.079 |
3424.726 |
|
|
Purchases of
Stock-in-Trade |
11.927 |
226.189 |
169.309 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
97.167 |
380.077 |
(202.248) |
|
|
Employee benefit expense |
358.108 |
369.269 |
403.311 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
149.879 |
176.496 |
0.000 |
|
|
CSR expenditure |
0.261 |
0.000 |
0.258 |
|
|
Other expenses |
612.971 |
757.111 |
1208.898 |
|
|
Prior period items |
0.000 |
0.034 |
(0.059) |
|
|
TOTAL |
3488.619 |
4748.255 |
5004.195 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(250.900) |
(398.247) |
330.726 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
611.527 |
626.732 |
518.770 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(862.427) |
(1024.979) |
(188.044) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
250.806 |
259.176 |
264.626 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1113.233) |
(1284.155) |
(452.670) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(154.220) |
(147.260) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1113.233) |
(1129.935) |
(305.410) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
677.325 |
757.008 |
1103.473 |
|
|
Components and spare
parts |
9.379 |
1.262 |
27.873 |
|
|
Capital Goods |
0.430 |
0.066 |
22.592 |
|
|
TOTAL IMPORTS |
687.134 |
758.336 |
1153.938 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(36.41) |
(37.85) |
(10.25) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
464.709 |
359.981 |
244.461 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
420.691 |
100.082 |
908.669 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
407.294 |
(194.547) |
908.669 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.23 |
58.39 |
38.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.27 |
6.25 |
9.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.22 |
65.09 |
91.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.19) |
(0.30) |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.07) |
(0.10) |
0.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.12 |
0.94 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(17.66) |
7.48 |
2.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(9.37) |
3.73 |
1.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(11.48) |
5.35 |
2.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.41) |
(0.64) |
0.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(34.57) |
(26.07) |
(5.75) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(17.26) |
(16.21) |
(3.69) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
336.35 |
(152.54) |
(16.47) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.85 |
1.08 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.42 |
0.59 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.05) |
0.11 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.65 |
18.43 |
17.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.85 |
1.08 |
1.20 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
298.059 |
300.774 |
313.536 |
|
Reserves & Surplus |
1555.799 |
439.982 |
-644.509 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1853.858 |
740.756 |
-330.973 |
|
|
|
|
|
|
long-term borrowings |
2881.705 |
3453.223 |
3664.734 |
|
Short term borrowings |
2024.774 |
1730.146 |
1716.748 |
|
Current Maturities of Long
term debt |
244.461 |
359.981 |
464.709 |
|
Total
borrowings |
5150.940 |
5543.350 |
5846.191 |
|
Debt/Equity
ratio |
2.778 |
7.483 |
-17.664 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5311.908 |
4334.541 |
3220.606 |
|
|
|
(18.400) |
(25.699) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5311.908 |
4334.541 |
3220.606 |
|
Profit/ (Loss) |
(305.410) |
(1129.935) |
(1113.233) |
|
|
(5.75%) |
(26.07%) |
(34.57%) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G00530378 |
10512456 |
SBICAP TRUSTEE COMPANY LIMITED |
09/07/2014 |
10/03/2016 |
- |
7276300000.0 |
202, MAKER TOWER, 'E', CUFFE PARADE,COLABA,MUMBAIMa400005IN |
|
2 |
B69979656 |
10409521 |
STATE BANK OF HYDERABAD |
15/02/2013 |
- |
- |
200000000.0 |
Industrial Finance Branch85, Richmand RoadBengaluruKA560025IN |
|
3 |
B69090579 |
10406769 |
STATE BANK OF BIKANER AND JAIPUR |
08/02/2013 |
- |
- |
670000000.0 |
BHOPALGANJBHILWARARJ311001IN |
|
4 |
B65299703 |
10395412 |
STATE BANK OF BIKANER AND JAIPUR |
08/11/2012 |
- |
- |
619000.0 |
BHOPALGANJBHILWARARJ311001IN |
|
5 |
B58017237 |
10376308 |
STATE BANK OF BIKANER AND JAIPUR |
24/08/2012 |
- |
- |
300000000.0 |
BHOPAL GANJBHILWARARJ311001IN |
|
6 |
B58016106 |
10376301 |
STATE BANK OF BIKANER AND JAIPUR |
24/08/2012 |
- |
- |
10000000.0 |
BHOPAL GANJBHILWARARJ311001IN |
|
7 |
B34371856 |
10340693 |
STATE BANK OF HYDERABAD |
15/02/2012 |
- |
- |
20000000.0 |
INDUSTRIAL FINANCE BRANCH85, RICHMOND ROADBENGALURUKA560025IN |
|
8 |
B82177056 |
10297702 |
STATE BANK OF HYDERABAD |
29/06/2011 |
06/08/2013 |
- |
150000000.0 |
INDUSTRIAL FINANCE BRANCH85, RICHMOND ROADBANGALOREKA560025IN |
|
9 |
B02167716 |
10256389 |
STATE BANK OF BIKANER AND JAIPUR |
16/12/2010 |
- |
- |
100000000.0 |
BHOPAL GANJBHILWARARJ311001IN |
|
10 |
A93311843 |
10235977 |
STATE BANK OF BIKANER AND JAIPUR |
10/08/2010 |
- |
- |
290000000.0 |
BHOPALGANJBHILWARARJ311001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
114.550 |
99.550 |
|
|
|
|
|
Total |
114.550 |
99.550 |
GENERAL INFORMATION
“Janki Corp Limited” is a public limited Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged in manufacturing of Sponge Iron & Power, Processing of Fabrics and selling fabrics under a reputed brand name of “JPL”. The Company is providing services of processing of fabrics that is largest in the region. Further Company caters huge demand of domestic market of sponge iron as well as fabrics.
COMPANY PERFORMANCE:
During the year, the Company’s financial performance has been badly affected due to unfavorable market of sponge iron. Also, slowdown in steel sector and impact of mining ban still continues in the year which hampered the profitability of the Company.
FUTURE OUTLOOK:
The market for sponge iron continues to be under stress. The restrictions imposed by Honorable Supreme Court subsequent to ban on mining of iron ore in July 2011 continues for 6 th consecutive year. As a result of the same the availability and prices of iron ore which is the main raw material for Steel Division remains unfavorable. The company is hopeful of relaxations in these restrictions after which company’s situation should improve .
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
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 65.10 |
|
UK Pound |
1 |
INR 90.45 |
|
Euro |
1 |
INR 79.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.