MIRA
INFORM REPORT
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Report Date : |
31.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOHINOOR INDUSTRIES |
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Registered Office : |
Narendra Chaya Building, Gate No. 480, 13 R Land, Koregaon Bhima, Tal
Shiru, Pune – 412207, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.01.2008 [Provisional] |
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Date of Incorporation : |
1985 |
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Com. Reg. No.: |
111947011 dated 06.08.1999 |
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PAN No.: [Permanent
Account No.] |
ABRPT6521B |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturing of Automotive Components and
Engineering Goods and Job Work |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 36000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track. Proprietor is reported as experienced and respectable business is active.
Payments are reported as usually correct and as per commitments. The concern can be considered good for normal for business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mt. Pravin Dnyaneshwar Takalkar |
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Designation : |
Management Representative |
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Contact No.: |
91-9766326277 / 9922919077 |
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Date : |
14.03.2008 |
LOCATIONS
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Registered Office / Factory : |
Narendra Chaya Building, Gate No. 480, 13 R Land, Koregaon Bhima, Tal
Shiru, Pune – 412207, Maharashtra, India |
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Tel. No.: |
91-2137-252124 |
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Mobile No.: |
91-9922919076-77 / 9766326276-77 |
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Fax No.: |
91-2137-252124 |
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E-Mail : |
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Website : |
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Area : |
5000 sq. ft. [Owned] |
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Location : |
Leased |
SOLE PROPRIETOR
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Name : |
Mr. Dnyaneshwar Krishnaji Takalkar |
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Designation : |
Proprietor |
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Address : |
H No. 1237, Narendra Chaya Building, Koregaon Bhima, Tal Shiru, Pune –
412216, Maharashtra, India |
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Date of Birth/Age : |
01.06.1955 |
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Qualification : |
SSC and Technical Courses Graduate |
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Experience : |
22 Years |
KEY EXECUTIVES
|
Name : |
Mt. Pravin Dnyaneshwar Takalkar |
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Designation : |
Management Representative |
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Address : |
H No. 1237, Narendra Chaya Building, Koregaon Bhima, Tal Shiru, Pune –
412216, Maharashtra, India |
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Date of Birth/Age : |
29.05.1981 |
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Qualification : |
Diploma Mechanical Engineer |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Automotive Components and
Engineering Goods and Job Work |
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Products : |
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Terms : |
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Selling : |
Credit [30-60 days] |
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Purchasing : |
Credit [30-60-90 days] |
PRODUCTION STATUS
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Particulars |
Installed Capacity |
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Aluminium Valves, Piston, Housing and Gear
Blanks Machining |
4 CNC Turning with 9 Conventional Lathes
and 02 No Drills With Auto Feed |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
OEM’s
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No. of Employees : |
23 [In Office : 5; In Factory : 18] |
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Bankers : |
The Vishweshwar Sahakari Bank Limited, Somwar Peth 15th
August Chowk, Pune |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
R. R. Deval Chartered Accountants |
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Address : |
Near Prabhat Talkies, Above Nahar Cards, Pune |
CAPITAL STRUCTURE
As on 31.03.2007
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Capital Investment : |
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Owned : |
Rs. 1.650 Millions |
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Borrowed : |
Rs. 7.314 Millions |
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Total : |
Rs. 8.964 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.650 |
1.526 |
1.323 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.650 |
1.526 |
1.323 |
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LOAN FUNDS |
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1] Secured Loans |
7.089 |
6.999 |
3.516 |
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2] Unsecured Loans |
0.225 |
0.821 |
0.962 |
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TOTAL BORROWING |
7.314 |
7.820 |
4.478 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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Loans [Liabilities] |
0.000 |
0.000 |
0.497 |
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TOTAL |
8.964 |
9.346 |
6.298 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.133 |
7.657 |
4.997 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.368 |
0.185 |
0.185 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.074
|
0.024 |
0.018 |
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Sundry Debtors |
1.653
|
0.991 |
1.015 |
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Cash & Bank Balances |
0.042
|
0.077 |
0.053 |
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Other Current Assets |
1.687
|
0.923 |
0.788 |
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Loans & Advances |
0.484
|
0.000 |
0.000 |
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Total
Current Assets |
3.940
|
2.015 |
1.874 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
0.537
|
0.571 |
0.818 |
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Provisions |
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Total
Current Liabilities |
0.537
|
0.571 |
0.818 |
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Net Current Assets |
3.403
|
1.444 |
1.056 |
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MISCELLANEOUS EXPENSES |
0.060 |
0.060 |
0.060 |
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TOTAL |
8.964 |
9.346 |
6.298 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
4.526 |
3.968 |
3.939 |
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Other Income |
0.223 |
0.049 |
0.026 |
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Total Income |
4.749 |
4.017 |
3.965 |
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Profit/(Loss) Before Tax |
0.391 |
0.555 |
0.430 |
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Provision for Taxation |
0.089 |
0.088 |
0.000 |
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Profit/(Loss) After Tax |
0.302 |
0.467 |
0.430 |
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Expenditures : |
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Cost of Goods Sold |
0.373 |
0.318 |
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Administrative Expenses |
0.270 |
0.295 |
2.160 |
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Manufacturing Expenses |
1.818 |
1.143 |
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Bank Charges and Interest |
1.072 |
0.925 |
0.507 |
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Depreciation & Amortization |
0.825 |
0.778 |
0.868 |
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Other Expenditure |
0.000 |
0.003 |
0.000 |
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Total Expenditure |
4.358 |
3.462 |
3.535 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total
Income |
(%) |
6.36
|
11.63 |
10.84 |
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Net Profit Margin (PBT/Sales) |
(%) |
8.64
|
13.99 |
10.92 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.31
|
5.74 |
6.26 |
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Return on Investment (ROI) (PBT/Networth) |
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0.24
|
0.36 |
0.33 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.76
|
5.50 |
4.00 |
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Current Ratio (Current Asset/Current Liability) |
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7.34
|
3.53 |
2.29 |
LOCAL AGENCY
FURTHER INFORMATION
Introduction
Subject is a proprietory concern situated at Narendra Chaya
Building, Koregaon Bhima Shirur
District, Pune – 412216. The Unit Is Registered Under Small Scale Industries,
Reg. No. Pmt – 111947011 Dated 06.08.1999. Kohinoor Industries is ISO 9001-2000
Certified Company w.e.f. April 2004.
Details of
Promoters
Proprietor Mr. D. K. Takalkar is Technically
Qualified and has got more than 25 years of Experience in the line of
Manufacturing of Automotive Components and Engineering Goods. He has been
running proprietary concern viz Kohinoor Industries. He has got expert
knowledge of manufacturing of Auto Components as well latest technology of
manufacturing.
Proprietor now is being assisted on full time
basis by his son Mr. Pravin D. Takalkar. He has completed his Diploma in
mechanical engineering, he has got more than 8 years of experience in the same
line and he has got good knowledge and experience of the present technology,
quality standards and quality systems. He is handing day to day production
activities and handling technical discussion and follow up with customers.
Proprietor now is being assisted on full time
basis by his second son Mr. Sachin D. Takalkar [age : 22 years]. Recently he is
completed Graduation and Lead Auditor Course Also, he has got more than 3 years
of experience in the same line and he has got good knowledge and experience of
technology, quality standards and quality systems. He is handing day to day
production activities and handling technical discussion and follow up with
customers.
Locational Advantages
The unit is located at Pune Nagar Road,
Koregaon Bhima. The unit is very close to industrial area at Sanaswadi,
Shikrapur, Ranjangaon, Alandi and Chakan. There are various industries dealing
in Auto parts and engineering goods nearby the unit is in a position of
constant business.
All types of transport facilities,
communications is easily available. As well as the unit is in fully developed
industrial area, there is easy availability of Man Power, Electricity and
Transportation. At this area the Mseb Electricity is available without any
failure.
Present Set Up Of Machinery and Equipments
The present set up consist of the following
machinery and equipments
CNC Lathe 04
Nos
Lathe Machine 5’6’’ 07 Nos
Drill Machines Pillar Type 02 Nos
Quality Control Instruments and Toolings to
maintain ISO Standards
The set up of unit is capable of doing rough
machining as well as finish turning. Previously the unit was doing rough machining
with the help of conventional lathe. Since last 6 years the company has adopted
latest cnc technology.
Major Components for Labour Charges
|
Component Name |
Customer |
|
Gear 3rd Drive |
Kalyani Forge Limited |
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Gear 2nd Drive |
Kalyani Forge Limited |
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Synchro Cone 1/2 |
Trinity Auto Components Limited |
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Synchro Cone 5/8 |
Trinity Auto Components Limited |
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Synchro Cone 3/4 |
Trinity Auto Components Limited |
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3rd Speed Gear |
Trinity Auto Components Limited |
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4th Speed Gear |
Trinity Auto Components Limited |
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1st Speed Gear |
Trinity Auto Components Limited |
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Reverse Gear |
Trinity Auto Components Limited |
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Gear 3rd and 4th
Spreed |
Jagadamba Auto Components Limited |
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Gear sf 1st Driven |
Preci Forge and Gears |
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Crank Shaft [PreTurning] |
Kalyani Thermal Systems Limited |
Major Development Components in Aluminum
|
Component Name |
Customer |
|
Cylinder Housing |
Endurance Technologies Private Limited |
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Housing M. P. V. |
Endurance Technologies Private Limited |
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Piston |
Endurance Technologies Private Limited |
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Piston M. P. V. |
Endurance Technologies Private Limited |
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Valve Disc |
Endurance Technologies Private Limited |
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Valve |
Endurance Technologies Private Limited |
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Cylinder Housing |
Hoerbiger India Manufacturing Exp Private Limited |
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Piston Z. D. |
Hoerbiger India Manufacturing Exp Private Limited |
Previous Performance of the Unit
Rs in Millions
|
Financial Year |
2007 |
2006 |
2005 |
2004 |
|
Sales |
3.986 |
3.788 |
3.668 |
1.910 |
|
Net Profit |
0.391 |
0.554 |
0.430 |
0.242 |
|
Depreciation |
0.825 |
0.778 |
0.868 |
0.463 |
|
Bank Interest |
1.071 |
0.929 |
0.507 |
0.314 |
Performance for Current Year Upto January 2008 Sales as under :
Sales Upto 31.01.2008 Rs. 3.584 Millions
Need for additional machining capacity :
The unit has installed CNC Turning Machine 6
years back and conventional lathe machines 15 years back. During these the
proprietor has developed skills of rough as well as finished machining.
The has got sufficient machining capacity
however there is shortage of finish machining capacity, as such orders received
from customers cannot be fulfilled. To balance the required capacity for
increased work load additional VMC machine need to be installed.
Also there few jobs requiring full machining
there are job work orders for V M C machines are needed.
For the purpose of checking accuracy of
production, measuring instruments are also needed.
Cost of Project
Project Cost Consist of machinery to be
acquired. The cost of the machinery is Rs. 3.000 Millions
Mean of Finance
Rs. In Millions
|
Proprietors Margin |
25 % |
|
Bank Term Loan |
75 % |
Requirement of Cash Credit
Cash Credit is required for with materials
work the extent of Rs. 1.500 Millions against receivables and fulfill the with
materials orders also.
Repayment of Term Loan
Repayment in 5 Years From 01.04.2008 by way of
monthly installment Rs. 0.150 Million.
Details of machinery to be aquired
|
Name of Machinery |
Name of Supplier |
Basis Cost |
B E
D |
Sales Tax |
Total Value |
|
CNC Verticle |
Bharat Frietz |
2100000.00 |
346080.00 |
73382.40 |
2519462.40 |
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Machining Centre |
Warner Limited |
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Stabilizer |
Clean Power |
35000.00 |
|
4375.00 |
39375.00 |
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Instruments |
Equipments |
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Indexing Table for Verticle Machining Centre
|
Local Suppliers |
100000.00 |
|
12500.00 |
112500.00 |
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3 D Co |
UCAM |
250000.00 |
|
31250.00 |
281250.00 |
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Measuring Machine |
Electronica Mechatronic Systems [India]
Private |
900000.00 |
|
112500.00 |
1012500.00 |
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|
3385000.00 |
346080.00 |
234007.40 |
3965087.40 |
Financial Analysis
|
Recent summary Financials [upto a period not more than two months old] |
31.01.2008 |
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Advance Taxes Paid |
TDS |
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Chance in borrowings |
Term Loan 1.100 Millions WCTL 0.150 Million |
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Debtors Position |
210878.485 Millions |
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Creditors Position |
44063.747 Millions |
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Stock Position [at land month end] |
12659.907 Millions |
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Drawing Power |
179474.600 Millions |
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Whether the critical ratios conforms to the bench mark stipulation |
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Fixed Assets
- Land and Buildings
- Plant and Machinery
- Furniture and Fixture
- Computer
- Hero Honda
- Jeep
- Mobile
- Office Equipments
PROVISIONAL BALANCE SHEET
As on 31st
January 2008
|
SOURCES OF FUNDS |
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|
31.03.2008 |
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SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.962 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
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NETWORTH |
|
|
1.962 |
|
|
LOAN FUNDS |
|
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|
|
|
1] Secured Loans |
|
|
0.505 |
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2] Unsecured Loans |
|
|
7.181 |
|
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TOTAL BORROWING |
|
|
7.686 |
|
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DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
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TOTAL |
|
|
9.648 |
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
|
|
5.525 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.222 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.127 |
|
|
Sundry Debtors |
|
|
2.109 |
|
|
Cash & Bank Balances |
|
|
0.058 |
|
|
Other Current Assets |
|
|
1.878 |
|
|
Loans & Advances |
|
|
0.170 |
|
Total
Current Assets |
|
|
4.342 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
0.441 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
0.441 |
|
|
Net Current Assets |
|
|
3.901 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9.648 |
|
PROVISIONAL PROFIT &
LOSS ACCOUNT
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
|
|
|
|
|
Sales Turnover |
|
|
4.266 |
|
|
Other Income |
|
|
0.034 |
|
|
Total Income |
|
|
4.300 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
|
0.382 |
|
|
Provision for Taxation |
|
|
-- |
|
|
Profit/(Loss) After Tax |
|
|
0.382 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interest |
|
|
0.900 |
|
|
Depreciation & Amortization |
|
|
0.724 |
|
|
Other Expenditure |
|
|
2.294 |
|
Total Expenditure |
|
|
3.918 |
|
PROJECTED FUND FLOW STATEMENT
|
Particulars |
2008-09 Year |
2009-10 Year |
2010-11 Year |
2011-12 Year |
2012-13 Year |
2013-14 Year |
|
Sources
of Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit Before I Tax |
1.835 |
2.763 |
3.647 |
4.452 |
5.452 |
6.445 |
|
Depreciation |
1.374 |
1.173 |
1.002 |
0.855 |
0.731 |
0.625 |
|
Increase in Bank Term Loan |
3.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Bank CC |
0.995 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Liability |
0.105 |
0.049 |
0.059 |
0.057 |
0.062 |
0.068 |
|
Decrease in Deposit [Assets] |
0.996 |
0.627 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Debtors [Assets] |
0.108 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total
|
8.413 |
4.612 |
4.708 |
5.364 |
6.245 |
7.138 |
|
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Addition to Fixed Assets |
3.936 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Term Loan Machinery |
0.300 |
1.800 |
1.800 |
1.800 |
1.800 |
1.800 |
|
Repayment of Term Loan Electronica |
0.824 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Term Loan Car |
0.071 |
0.071 |
0.071 |
0.070 |
0.051 |
0.000 |
|
Increase in Debtors |
0.000 |
0.200 |
0.220 |
0.242 |
0.266 |
0.293 |
|
Increase in Stocks |
0.974 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
|
Increase in Cash Balance |
1.311 |
1.057 |
0.787 |
1.147 |
1.682 |
2.591 |
|
Income Tax |
0.550 |
0.829 |
1.094 |
1.336 |
1.636 |
1.934 |
|
Drawings |
0.447 |
0.550 |
0.600 |
0.650 |
0.700 |
0.700 |
|
Increase in FD Advances |
0.000 |
0.055 |
0.086 |
0.069 |
0.060 |
0.070 |
|
|
|
|
|
|
|
|
|
Total
|
8.413 |
4.612 |
4.708 |
5.364 |
6.245 |
7.438 |
PROJECTED
BALANCE SHEET
|
Particulars
|
10
Months 2007-08 |
2008-09 Year |
2009-10
Year |
2010-11
Year |
2011-12
Year |
2012-13
Year |
2013-14
Year |
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Account |
1.962 |
2.799 |
4.183 |
6.136 |
8.603 |
11.719 |
15.531 |
|
Term Loan |
6.846 |
8.700 |
6.900 |
5.100 |
3.300 |
1.500 |
0.000 |
|
Car Loan |
0.334 |
0.263 |
0.192 |
0.121 |
0.051 |
0.000 |
0.000 |
|
Cash Credit |
0.505 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
Sundry Creditors |
0.441 |
0.521 |
0.565 |
0.614 |
0.666 |
0.723 |
0.786 |
|
Outstanding Expenses |
0.000 |
0.025 |
0.030 |
0.040 |
0.045 |
0.050 |
0.055 |
|
|
10.088 |
13.808 |
13.370 |
13.511 |
14.165 |
15.492 |
17.872 |
|
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
5.525 |
8.128 |
6.955 |
5.954 |
5.098 |
4.368 |
3.743 |
|
Investments |
0.222 |
0.200 |
0.250 |
0.300 |
0.350 |
0.400 |
0.450 |
|
Deposits MSEB and Others |
1.735 |
0.752 |
0.125 |
0.125 |
0.125 |
0.125 |
0.125 |
|
Sundry Debtors |
2.108 |
2.000 |
2.200 |
2.420 |
2.662 |
2.928 |
3.221 |
|
Stock |
0.126 |
1.100 |
1.150 |
1.200 |
1.250 |
1.300 |
1.350 |
|
Cash / Bank Balance |
0.057 |
1.368 |
2.425 |
3.212 |
4.359 |
6.042 |
8.633 |
|
Miscellaneous Expenses and Advance |
0.315 |
0.260 |
0.265 |
0.300 |
0.321 |
0.329 |
0.350 |
|
|
|
|
|
|
|
|
|
|
TOTAL
|
10.088 |
13.808 |
13.370 |
13.511 |
14.165 |
15.492 |
17.872 |
|
|
|
|
|
|
|
|
|
|
Current
Ratio |
9.84 |
10.03 |
10.35 |
11.10 |
12.26 |
13.87 |
16.27 |
PROJECTED
PROFITABILITY STATEMENT
|
Particulars |
2008-09 Year |
2009-10 Year |
2010-11 Year |
2011-12 Year |
2012-13 Year |
2013-14 Year |
|
INCOME
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Labour Charges Received |
6.000 |
6.600 |
7.260 |
7.986 |
8.785 |
9.663 |
|
Scrap Sales |
0.600 |
0.630 |
0.662 |
0.695 |
0.729 |
0.766 |
|
By Manufacturing Sales |
3.000 |
3.300 |
3.630 |
3.993 |
4.392 |
4.832 |
|
|
|
|
|
|
|
|
|
Total
Income |
9.600 |
10.530 |
11.552 |
12.674 |
13.906 |
15.261 |
|
|
|
|
|
|
|
|
|
EXPENDITURE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stores Tools Consumable |
0.960 |
1.008 |
1.058 |
1.111 |
1.167 |
1.225 |
|
Outside Processing Charges |
0.450 |
0.500 |
0.550 |
0.600 |
0.650 |
0.650 |
|
Wages Salaries |
0.700 |
0.770 |
0.847 |
0.932 |
1.025 |
1.127 |
|
Power Charges and Fuel |
0.480 |
0.500 |
0.550 |
0.600 |
0.650 |
0.650 |
|
Repairs and Maintenance |
0.075 |
0.090 |
0.105 |
0.125 |
0.145 |
0.145 |
|
Transportation |
0.120 |
0.180 |
0.180 |
0.300 |
0.300 |
0.300 |
|
Administration Expenses |
0.240 |
0.270 |
0.300 |
0.330 |
0.350 |
0.350 |
|
Material Purchase |
2.168 |
2.384 |
2.623 |
2.885 |
3.173 |
3.491 |
|
|
|
|
|
|
|
|
|
Sub
Total |
5.193 |
5.702 |
6.213 |
6.883 |
7.460 |
7.938 |
|
|
|
|
|
|
|
|
|
Gross
Profit Before Depreciation / Interest
|
4.408 |
4.828 |
5.338 |
5.791 |
6.446 |
7.322 |
|
Interest Term Loan |
1.026 |
0.719 |
0.517 |
0.310 |
0.090 |
0.079 |
|
Interest Cc Account |
0.173 |
0.173 |
0.173 |
0.173 |
0.173 |
0.173 |
|
Depreciation |
1.374 |
1.173 |
1.002 |
0.855 |
0.731 |
0.625 |
|
Net
Profit Before Tax |
1.835 |
2.763 |
3.647 |
4.452 |
5.452 |
6.445 |
|
Income Tax |
0.550 |
0.829 |
1.094 |
1.336 |
1.636 |
1.934 |
|
Net
Profit After Income Tax |
1.284 |
1.934 |
2.553 |
3.116 |
3.816 |
4.512 |
CAPITAL
ACCOUNT OF PROPRIETOR
|
Particulars |
2008-09 Year |
2009-10 Year |
2010-11 Year |
2011-12 Year |
2012-13 Year |
2013-14 Year |
|
Opening Balance |
1.962 |
2.799 |
4.183 |
6.136 |
8.603 |
11.719 |
|
Profit After Tax |
1.284 |
1.934 |
2.553 |
3.116 |
3.816 |
4.512 |
|
Sub
Total |
3.246 |
4.733 |
6.736 |
9.253 |
12.419 |
16.231 |
|
|
|
|
|
|
|
|
|
Less : Drawings |
0.447 |
0.550 |
0.600 |
0.650 |
0.700 |
0.700 |
|
|
|
|
|
|
|
|
|
Closing
Balance |
2.799 |
4.183 |
6.136 |
8.603 |
11.719 |
15.531 |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.10 |
|
UK Pound |
1 |
Rs.80.40 |
|
Euro |
1 |
Rs.63.31 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|