MIRA
INFORM REPORT
|
Report Date : |
07.08.2010 |
IDENTIFICATION DETAILS
|
Name : |
SARKAR GARMENT |
|
|
|
|
Registered
Office : |
69, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 (Estimated) |
|
|
|
|
Year of
Establishment : |
2004 |
|
|
|
|
PAN No.: [Permanent Account No.] |
BUCPS1141K |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Readymade Garments. (Shirt, Pant, Ladies
Garments: Churider, Salware etc) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. However it would be advisable to take adequate securities while
dealing with the subject. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Susanta Sarkar |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9833079817 |
|
Date : |
05.08.2010 |
LOCATIONS
|
Registered Office : |
69, |
|
Mobile No.: |
91-9833079817 (Mr. Susanta Sarkar) |
|
Area : |
1300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
“G”, Floor, Astha Apartment, Dr. Gopal |
|
Area : |
600 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mrs. Purnima Sarkar |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
22 years |
|
Qualification : |
|
|
Experience : |
14 years Experience in the line of Garments Industry. |
|
Profile: |
Mrs. Purnima Sarkar, the enterpreneus has been carrying of the
business since last four years earlier she was engaged in a garments
manufacturing unit and her husband Mr. Susanta Sarkar is a well known
businessman in Sodepur area. Mrs. Sarkar gained lot of experience and got the
sprit, enthusiasm and all sorts and co-operation from her husband Mr. Susanta
Sarkar. That is why within a very short span of time she turned the unit
garments. Manufacturing in the area. She is very young and enough intelligent
and hard working lady. Practically she herself is an example to the average
lady entrepreneurs who at this shot age has gained a success in her field of
business. |
KEY EXECUTIVES
|
Name : |
Mr. Susanta Sarkar |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Readymade Garments. (Shirt, Pant, Ladies
Garments: Churider, Salware etc) |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60-90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60-90 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
75 |
|
|
|
|
Bankers : |
· Corporation Bank |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Uttam Kumar Bose Chartered Accountant |
|
Address : |
Flat No.101, 76-A, |
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS ON
31.03.2010
|
Particulars |
(Rs. In Millions) |
|
|
|
|
As per Last Account |
2.445 |
|
Add: Net Profit |
0.396 |
|
|
2.841 |
|
Less: Drawings |
0.148 |
|
|
|
|
Total |
2.693 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 (Estimated) |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.693 |
2.445 |
2.213 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.693 |
2.445 |
2.213 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
5.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.693 |
2.445 |
2.213 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.785 |
0.111 |
0.107 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.720
|
1.459 |
1.216 |
|
|
Sundry Debtors |
3.677
|
2.076 |
1.634 |
|
|
Cash & Bank Balances |
0.051
|
0.121 |
0.241 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.020
|
0.200 |
0.200 |
|
Total
Current Assets |
7.468
|
3.856 |
3.291 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.394
|
1.343 |
1.047 |
|
|
Other Current Liabilities |
0.142
|
0.175 |
0.136 |
|
|
Provisions |
0.024
|
0.004 |
0.002 |
|
Total
Current Liabilities |
0.560
|
1.522 |
1.185 |
|
|
Net Current Assets |
6.908
|
2.334 |
2.106 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7.693 |
2.445 |
2.213 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 (Estimated) |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31.565 |
21.013 |
14.846 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
31.565 |
21.013 |
14.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
29.176 |
19.732 |
13.920 |
|
|
|
Salary and Bonus |
0.240 |
0.216 |
0.134 |
|
|
|
Carriage Inward |
0.095 |
0.078 |
0.069 |
|
|
|
Miscellaneous Office Expenses |
0.044 |
0.042 |
0.037 |
|
|
|
Repairs and Maintenance |
0.024 |
0.019 |
0.018 |
|
|
|
Other Expenses |
1.428 |
0.646 |
0.495 |
|
|
|
TOTAL |
31.007 |
20.733 |
14.673 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.558 |
0.280 |
0.173 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.138 |
0.025 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.420 |
0.255 |
0.155 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.024 |
0.004 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.396 |
0.251 |
0.153 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 (Estimated) |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.25
|
1.19 |
1.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.33
|
1.21 |
1.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.09
|
6.43 |
4.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.10 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.06
|
0.62 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.34
|
2.53 |
2.78 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
|
(PROJECTED) |
||||
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
3.030 |
3.383 |
3.742 |
4.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.030 |
3.383 |
3.742 |
4.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
8.030 |
8.383 |
8.742 |
9.200 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.670 |
0.573 |
0.489 |
0.418 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
3.832
|
3.870 |
3.906 |
4.025 |
|
|
Sundry Debtors |
4.078
|
4.987 |
5.460 |
5.917 |
|
|
Cash & Bank Balances |
0.057
|
0.059 |
0.060 |
0.065 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.108
|
0.122 |
0.135 |
0.186 |
|
Total
Current Assets |
8.075
|
9.038 |
9.561 |
10.193 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
0.501
|
1.002 |
1.056 |
1.126 |
|
|
Other Current Liabilities |
0.176
|
0.184 |
0.206 |
0.216 |
|
|
Provisions |
0.038
|
0.042 |
0.046 |
0.069 |
|
Total
Current Liabilities |
0.715
|
1.228 |
1.308 |
1.411 |
|
|
Net Current Assets |
7.360
|
7.810 |
8.253 |
8.782 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
8.030 |
8.383 |
8.742 |
9.200 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
|
|
(PROJECTED) |
||||
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
39.402 |
42.029 |
44.625 |
47.217 |
|
|
|
Other Income |
0.027 |
0.029 |
0.031 |
0.033 |
|
|
|
TOTAL (A) |
39.429 |
42.058 |
44.656 |
47.250 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
37.238 |
39.704 |
42.151 |
44.409 |
|
|
|
Selling and Distribution Expenses |
1.139 |
1.218 |
1.298 |
1.372 |
|
|
|
TOTAL (B) |
38.377 |
40.922 |
43.449 |
45.781 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.052 |
1.136 |
1.207 |
1.469 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.377 |
0.442 |
0.490 |
0.536 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.675 |
0.694 |
0.717 |
0.933 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.115 |
0.097 |
0.084 |
0.070 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.560 |
0.597 |
0.633 |
0.863 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.038 |
0.042 |
0.046 |
0.069 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.522 |
0.555 |
0.587 |
0.794 |
|
------------------------------------------------------------------------------------------------------------------------------
RELATED
RATIO
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(PROJECTED) |
|||
|
|
|
|
|
|
|
Return on Capital |
0.21 |
0.20 |
0.19 |
0.23 |
|
Employed Ratio |
|
|
|
|
|
|
|
|
|
|
|
Debt-Equity
Ratio |
|
|
|
|
|
Total Debt Capital |
5.715 |
6.228 |
6.308 |
6.411 |
|
Total Equity Capital |
3.030 |
3.383 |
3.742 |
4.200 |
|
Debt-Equity Ratio |
1.89 |
1.84 |
1.69 |
1.53 |
|
|
|
|
|
|
|
Current Ratio |
|
|
|
|
|
Current Assets |
8.075 |
9.038 |
9.561 |
10.193 |
|
Current
Liabilities |
5.715 |
6.228 |
6.308 |
6.411 |
|
Current Ratio |
1.41 |
1.45 |
1.52 |
1.59 |
|
|
|
|
|
|
|
Interests
Coverage Ratio |
|
|
|
|
|
Net Profit
before interests |
-- |
-- |
-- |
-- |
|
Total Interests |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Debtors –
Turnover Ratio (Monthwise) |
1.24 |
1.42 |
1.47 |
1.50 |
|
|
|
|
|
|
|
Creditors/ Purchase Ratio (Monthwise) |
0.16 |
0.31 |
0.31 |
0.31 |
NOTE:
Net profit for the year ending 31.03.2007,
31.03.2008 and 31.03.2009 were taken net profit before making any provision for
income tax as per Actual audited Balance sheet and Income tax payable was paid
for 2006-07 in the financial year 2007-08 for 2007-08 pain in 2008-09 and for
2008-09 it was paid in 2009-10 and shown in the drawings account although in
the year wise profit and loss statement the provision for income tax shown
separately.
For the financial year ending 31.03.2010,
31.03.2011 and 31.03.2012 Net profit shown after provision for income tax.
Return on capital employed is calculated on
Net before tax and capital employed.
------------------------------------------------------------------------------------------------------------------------------
MAXIMUM PERMISSIBLE BANK FINANCE
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(PROJECTED) |
|||
|
Total Current Assets |
8.075 |
9.038 |
9.561 |
10.193 |
|
|
|
|
|
|
|
Other Current Liabilities (other than bank borrowings) |
0.764 |
1.228 |
1.308 |
1.411 |
|
|
|
|
|
|
|
Working Capital Gap |
7.311 |
7.810 |
8.253 |
8.782 |
|
|
|
|
|
|
|
Min. stipulated Net Working (25% of Total Current Assets excluding
export receivable) |
2.019 |
2.260 |
2.390 |
2.548 |
|
|
|
|
|
|
|
Bank Borrowings |
0.000 |
0.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Actual Project NWC* |
2.311 |
2.810 |
3.253 |
3.782 |
|
|
|
|
|
|
|
Item 3 minus Item 4 |
5.292 |
5.551 |
5.863 |
6.234 |
|
|
|
|
|
|
|
Item 3 minus Item 6 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Maximum permissible bank finance |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Excess Borrowings representing short fall in
NWC |
0.000 |
0.000 |
0.000 |
0.000 |
NOTE:
Total current Assets includes Investment in Bank
To calculated actual/ Projected NWC – Total Current Assets includes
Investment in Bank Current Liabilities includes Bank Loan (Cash Credit Loan)
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(PROJECTED) |
|||
|
|
|
|
|
|
|
INFLOW |
|
|
|
|
|
Increase in Partners’ Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
0.522 |
0.555 |
0.587 |
0.794 |
|
Depreciation |
0.114 |
0.097 |
0.084 |
0.070 |
|
Bank Finance |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Cash Credit |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Term Loan |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Unsecured Loan |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Cash |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Bank |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in other Liabilities |
0.034 |
0.008 |
0.022 |
0.010 |
|
Decrease in Sundry Debtors |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Loans and Advance |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Provision |
0.014 |
0.004 |
0.004 |
0.023 |
|
Increase in Sundry Creditors |
0.107 |
0.501 |
0.054 |
0.070 |
|
|
|
|
|
|
|
Total |
0.791 |
1.165 |
0.751 |
0.967 |
|
|
|
|
|
|
|
OUTFLOW |
|
|
|
|
|
Increase in Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for Income tax |
0.000 |
0.000 |
0.000 |
0.000 |
|
Drawings |
0.184 |
0.202 |
0.228 |
0.336 |
|
Decrease in sundry Creditors |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Other Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Term Loan |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Stock |
0.112 |
0.038 |
0.036 |
0.118 |
|
Increase in Cash |
0.006 |
0.002 |
0.001 |
0.005 |
|
Increase in Bank |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Advances |
0.088 |
0.014 |
0.013 |
0.051 |
|
Increase in Investment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Sundry Debtors |
0.401 |
0.909 |
0.473 |
0.457 |
|
Increase in Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Provision |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
0.791 |
1.165 |
0.751 |
0.967 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITY
(MRS. PURNIMA
SARKAR)
(RS. IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
|
|
|
|
Address of the
Property with Survey No./Door No. etc |
4/29, Govt,
Colony, Rathtala, Kolkata – 700056, West |
|
|
|
|
Description:
Land/ Site Leasehold |
All that godown
on the ground floor |
|
|
|
|
Type of Property
|
Commercial |
|
|
|
|
Area / Extent of
Land |
1121.25 sq. ft. |
|
|
|
|
Mortgaged for
availing loan if any, details thereof |
Sarkar
Garments |
|
|
|
|
Present
Market/ Assessed Value |
Rs.7.500
Millions |
INVESTMENT
IN BUSINESS
|
Particulars |
Applicant |
|
|
|
|
Name of the
Company/ Firm/ concern in which investment is made |
Sarkar
Garments |
|
|
|
|
Date of
Investments |
31.03.2009 |
|
|
|
|
Present Value of
Investment |
Rs.2.444
Millions |
OTHER ASSETS
|
Furniture
and Fixture |
Rs.0.300 Million |
|
|
|
|
Cash
in Hand |
Rs.0.120 Million |
|
|
|
|
Jewellery |
Rs.0.350 Million
|
|
|
|
|
Plant and
Machinery |
-- |
|
|
|
|
Other Assets if
any (Specify) |
-- |
|
|
|
|
Total value of Other
Assets |
Rs.0.770 Million
|
|
TOTAL
ASSETS |
Rs.10.714 Millions |
|
NET WORTH |
Rs.10.714 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROXIMITY
OF LABOUR, MATERIALS AND TRANSPORTS FACILITY:
As the nit is situated at Sukchar within Sodepur, Kolkata all kinds of
Labour (Skilled, Semi-skilled and Unskilled) is easily available.
Transport service: Rail and Road Transport and even water transport is
available here although road transport is used maximum;
Availity of Materials: Maximum items of Materials (Cloths) are purchased
locally and in a few cases materials are purchased form outside; the lead time
foe procurement of materials is 7 days on average.
Machineries and Labour Requirement:
Machineries required:
|
1. Juki made stitching machine |
20 Nos. |
Working Capacity
8 hrs |
Price
Rs.20,000/- Per PC |
|
2. Cutting Machine |
2 Nos. |
Working Capacity 8 hrs |
Price
Rs.10,000/- Per PC |
|
3. Buttom Fitting Machine |
1 No. |
Working Capacity 8 hrs |
Price
Rs.90,000/- Per PC |
|
4. Fat lock machine |
1 No. |
Working Capacity 8 hrs |
Price
Rs.80,000/- Per PC |
|
5. Button Holding Machine |
1 No. |
Working Capacity 8 hrs |
Price
Rs.1,80,,000/- Per PC |
|
|
|
|
|
|
Total cost of
Machineries |
|
|
Price
Rs.7,70,000/- Per PC |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Machinery
· Electrical Fittings
· Furniture and Fixture
· Computers
· Printer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.02 |
|
|
1 |
Rs.73.21 |
|
Euro |
1 |
Rs.60.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.