|
|
|
MIRA INFORM REPORT
|
Report No. : |
511747 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JINDAL PHOTO INVESTMENTS LIMITED “JINDAL POLY FILMS INVESTMENT
LIMITED” AMALGAMATED WITH “JINDAL PHOTO INVESTMENTS LIMITED” |
|
|
|
|
Registered
Office : |
Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kunj, New
Delhi-110070 |
|
Tel. No.: |
91-11-26139252 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.08.1999 |
|
|
|
|
Com. Reg. No.: |
55-101169 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 104.845 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120DL1999PLC101169 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ9098C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is mainly engaged in Investment Activities. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 13376200 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of B.C. Group and it was incorporated in the year 1999. It engaged in providing financial services other than dealing in securities. As per financials of March 2017, the company has registered decent revenue from its operations and has reported decent profit margin. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with low solvency indicators and decent liquidity position. Rating also takes into account the strong financial and managerial support received from its group. Further, the company has reported a good Earnings Per Share of INR 19.27 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good for business dealings at usual trade terms and conditions. Note: As per scheme of Amalgamation of Consolidated Finvest &Investments Ltd (CFIL), Consolidated Green Finvest Private Limited (CGFPL), Jindal Imperative Specialist Ltd (JISL), Hindustan Powergen Limited (HPL), Jindal Solar Powertech Limited (JSPL), Jindal Poly Film Investment Ltd (JPFIL), Budhiya Marketing Private Limited (BMPL), Edward Supply Private Ltd (ESPL), Jesmin Investments Ltd (JIL), Cornet Ventures Ltd (CVL) with Jindal Photo Investments Ltd (JPIL) was approved by Hon’ble Kolkata, Allahabad and Delhi High Court vide their order dated 22.3.2016, 20.7.2016 and 19.12.2016 respectively. JPIL will issue shares to amalgamating companies shall be made during FY 2018. |
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 |
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 30.05.2018.
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: 91-11-26139252]
LOCATIONS
|
Registered Office : |
Plot No. 12, Local Shopping Complex, Sector B-1, Vasant Kunj, New
Delhi-110070, India |
|
Tel. No.: |
91-11-26139252/ 26139256-65 |
|
Fax No.: |
91-11-26139281 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Radhey Shyam |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
1795 Outram Lane Kingsway Camp, Delhi-110009, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.04.2009 |
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DIN No.: |
00649458 |
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Name : |
Mr. Ghanshyam Dass Singal |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A 101, ELDECO Appartment, First Floor Sector-3, Vaishali,
Ghaziabad-201014, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.04.2008 |
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DIN No.: |
00708019 |
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|
Name : |
Mr. Prakash Matai |
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|
Designation : |
Additional Director |
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|
Address : |
202 Pharaoha Tower,Omaxe Nile Appts, Nr. Saidham Temple Sector-49,
Sohna Road, Islampur-97, Gurgaon South, Gurgaon-122018, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.11.2017 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07906108 |
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||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rupesh Kumar |
|
Designation : |
Company Secretary |
|
Address : |
Dc-1770 Pt. Rati Ram Marg, Dabua Colony, Nit,
Faridabad-121001, Haryana, India |
|
Date of Birth/Age : |
05.05.1993 |
|
Date of Appointment : |
06.12.2017 |
|
PAN No.: |
CTDPK5908F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 26.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Consolidated Finvest and Holdings Limited, India |
|
9536841 |
|
Suresh Chander Sharma [Held as Nominee of Consolidated Finvest and Holdings
Limited, India] |
|
100 |
|
Shiv Kumar Mittal [Held as Nominee of Consolidated Finvest and
Holdings Limited, India] |
|
100 |
|
Ghanshyam Dass Singal [Held as Nominee of Consolidated Finvest and
Holdings Limited, India] |
|
100 |
|
Pramod Kumar [Held as Nominee of Consolidated Finvest and Holdings
Limited, India] |
|
100 |
|
Vinumon K.G. [Held as Nominee of Consolidated Finvest and Holdings
Limited, India] |
|
100 |
|
Manoj Kumar Limited [Held as Nominee of Consolidated Finvest and Holdings
Limited, India] |
|
100 |
|
Devendra Nuniram Agarwal |
|
4 |
|
Soyuz Trading Company Limited, India |
|
115934 |
|
Jindal Poly Investment and Finance Company Limited, India |
|
409860 |
|
Rishi Trading Company Limited, India |
|
44873 |
|
Consolidated Photo and Finvest Limited, India |
|
7365 |
|
Jindal Photo Limited, India |
|
368985 |
|
|
|
|
|
Total |
|
10484462 |
AS ON: 26.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
0.01 |
|
Promoters – Body Corporate |
99.99 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in Investment Activities. [Registered
Activity] |
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||||
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Products/ Services : |
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||||
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||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
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||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Kanodia Sanyal and Associates Chartered Accountants |
|
Address : |
1520, Ansal Tower, 38, Nehru Place, New Delhi-110019, India |
|
Tel. No.: |
91-11-26452344/ 26467214 |
|
Fax No.: |
91-11-41000897 |
|
E-Mail : |
|
|
PAN No.: |
AAAFK8020A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Consolidated Finvest & Holdings Limited [L33200UP1993PLC015474] |
|
|
|
|
Associate Companies : |
· Rishi Trading CO Limited [U01409WB1980PTC195437] · Horizon Propbuild Limited [U70101DL2011PLC216559] · Jindal Poly Films Limited [L17111UP1974PLC003979] · Jindal Poly Investment and Finance Company Limited [L65923UP2012PLC051433] · BJ Green Finvest Private Limited [U67190DL2010PTC210577] · SBJ Green Investments Private Limited [U67120DL2010PTC210037] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55050000 |
Equity Shares |
INR 10/- each |
INR 550.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10484462 |
Equity Shares |
INR 10/- each |
INR 104.845
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 |
104.845 |
104.845 |
86.100 |
|
(b) Reserves & Surplus |
4576.839 |
4410.909 |
1977.299 |
|
(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) |
4681.684 |
4515.754 |
2063.399 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
5.300 |
6.194 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.100 |
0.127 |
0.103 |
|
Total
Non-current Liabilities (3) |
5.400 |
6.321 |
0.103 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
2.131 |
2.197 |
0.162 |
|
(d)
Short-term provisions |
72.711 |
27.910 |
34.426 |
|
Total
Current Liabilities (4) |
74.842 |
30.107 |
34.588 |
|
|
|
|
|
|
TOTAL |
4761.926 |
4552.182 |
2098.090 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.455 |
1.463 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
2.540 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4312.753 |
3744.341 |
1756.081 |
|
(c) Deferred tax assets
(net) |
0.049 |
27.445 |
26.964 |
|
(d) Long-term Loan
and Advances |
20.000 |
281.150 |
219.549 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4334.257 |
4056.939 |
2002.594 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
323.360 |
445.185 |
49.027 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
4.648 |
9.847 |
0.599 |
|
(e)
Short-term loans and advances |
99.661 |
40.211 |
45.870 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
427.669 |
495.243 |
95.496 |
|
|
|
|
|
|
TOTAL |
4761.926 |
4552.182 |
2098.090 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
10.671 |
24.965 |
21.480 |
|
|
|
Other Income |
218.579 |
27.092 |
14.360 |
|
|
|
TOTAL |
229.250 |
52.057 |
35.840 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
0.875 |
1.028 |
1.379 |
|
|
|
Other Administrative expenses |
4.238 |
3.820 |
1.563 |
|
|
|
Contingent Provision against Standard Assets |
(0.761) |
0.091 |
(0.329) |
|
|
|
Goodwill Write Off |
2.540 |
2.930 |
0.000 |
|
|
|
Exceptional Items |
(0.600) |
0.000 |
15.600 |
|
|
|
TOTAL |
6.292 |
7.869 |
18.213 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
222.958 |
44.188 |
17.627 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.082 |
0.021 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
220.876 |
44.167 |
17.627 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.009 |
0.010 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
220.867 |
44.157 |
17.627 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
54.937 |
9.307 |
4.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
165.930 |
34.850 |
13.555 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
19.27 |
4.05 |
1.57 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
272.385 |
26.459 |
(12.990) |
|
|
|
|
|
|
Net Cash from Operating Activities
|
223.139 |
18.015 |
(11.304) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
153.24 |
11.04 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.02 |
0.01 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.02 |
0.01 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
107.09 |
2104.19 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1554.96 |
139.60 |
63.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.48 |
0.77 |
0.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.54 |
0.77 |
0.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.71 |
16.45 |
2.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
5.71 |
16.45 |
2.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.98 |
0.99 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.05 |
0.06 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.71 |
16.45 |
2.76 |
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 |
86.100 |
104.845 |
104.845 |
|
Reserves & Surplus |
1977.299 |
4410.909 |
4576.839 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2063.399 |
4515.754 |
4681.684 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
6.194 |
5.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
6.194 |
5.300 |
|
Debt/Equity
ratio |
0.000 |
0.001 |
0.001 |
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 |
|
Revenue from Operations |
21.480 |
24.965 |
10.671 |
|
|
|
16.224 |
-57.256 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Revenue from Operations |
21.480 |
24.965 |
10.671 |
|
Profit |
13.555 |
34.850 |
165.930 |
|
|
63.11% |
139.60% |
1554.96% |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CORPORATE
INFORMATION :
Subject (“the company”) is a public company incorporated in India and
regulated by the Reserve Bank of India (“RBI”) as an Investment Company-
Non-Deposit taking Systemically important investment Company (‘NBFC-ND-SI’)
engaged in the business to provide loans and make investments.
OPERATIONS STATE OF
AFFAIRS
During the year under the company has earned total revenue of INR 229.249 Million, incurred total expenditure of INR 8.982 Million and earned profit after tax of INR 165.930 Million.
SCHEME OF AMALGAMATION
A scheme of amalgamation of Consolidated Finvest &Investments Ltd, Consolidated Green Finvest Private Limited, Jindal Imperative Specialist Ltd, Hindustan Powergen Limited, Jindal Solar Powertech Limited, Jindal Poly Film Investment Ltd, Budhiya Marketing Private Limited, Edward Supply Private Ltd, Jesmin Investments Ltd, Cornet Ventures Ltd (herein referred as amalgamating companies) with Jindal Photo Investments Ltd (JPIL) was approved by Hon’ble Calcutta, Allahabad and Delhi High Court vide their order dated 22.3.2016, 20.7.2016 and 19.12.2016 respectively, whereby the aforesaid companies have been amalgamated with JPIL w.e.f the appointed date 01.04.2014. Upon amalgamation, JPIL had issued shares to the shareholders of erstwhile amalgamating companies in the radio specified in the sanctioned scheme of amalgamation. Allotment of shares by JPIL to the shareholders of the amalgamating companies has also been made during the current financial year 2017-18.
FIXED ASSETS:
Tangible Assets
·
Land
·
Almira
·
Furniture and Fixtures
·
Computer
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 67.82 |
|
UK Pound |
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.