MIRA INFORM REPORT
|
Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
DURGESH PRINTING PRESS |
|
|
|
|
Registered
Office : |
E/47, Industrial Area, Site A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
1989 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Books and Magazines. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established concern having satisfactory track. Trade
relations are reported as fair. The valuation report and networth statement
provided seems to be satisfactory. No complaints have been heard from
indirect or market sources. 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. Durgeshchand Agarwal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9412281315 |
|
Date : |
25.03.2011 |
LOCATIONS
|
Registered Office/ Factory : |
E/47, Industrial Area, Site A, |
|
Mobile No.: |
91-9412281315 (Mr. Durgeshchand Agarwal) |
|
Area : |
1205 Sq. Meter |
|
Location : |
Leased |
SOLE PROPRIETOR
|
Name : |
Mr. Durgeshchand Agarwal |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
28.11.1958 |
|
Qualification : |
Under Graduate |
|
PAN No.: [Permanent Account No.] |
ABIPC4810H |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Books and Magazines. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers · Pathya Pustak Adhikari · Pushparaj Printing Press · Raj Kumar Agrawal an Sons · Vimalcopy House |
|
|
|
|
Suppliers : |
· N. K. Industries · R. Gupta and Company · S. S. New Graphics |
|
|
|
|
No. of Employees : |
15 (Office – 5 and Factory – 10) |
|
|
|
|
Bankers : |
· Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prakash Chandra Jain and Associates Chartered Accountant |
|
Address : |
1169, Manik Chowk, Near Shri Nath Ji |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawing |
0.052 |
By Balance B/d |
1.973 |
|
To LIC |
0.023 |
By Profit |
0.784 |
|
To INT on Loan |
0.021 |
By Interests |
0.050 |
|
To Balance C/d |
2.719 |
By PPF Interests |
0.008 |
|
|
|
|
|
|
Total |
2.815 |
Total |
2.815 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital Account |
2.719 |
1.973 |
1.516 |
|
|
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 |
2.719 |
1.973 |
1.516 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.464 |
1.164 |
0.336 |
|
|
2] Unsecured Loans |
8.524 |
7.127 |
4.911 |
|
|
TOTAL BORROWING |
8.988 |
8.291 |
5.247 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.707 |
10.264 |
6.763 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.013 |
2.989 |
3.290 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.326 |
2.319 |
1.367 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.129
|
2.159 |
0.012 |
|
|
Sundry Debtors |
7.347
|
3.074 |
1.889 |
|
|
Cash & Bank Balances |
1.218
|
0.184 |
0.553 |
|
|
Other Current Assets |
0.010
|
0.010 |
0.010 |
|
|
Loans & Advances |
0.000
|
0.528 |
0.000 |
|
Total
Current Assets |
8.704 |
5.955 |
2.464 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.337
|
0.999 |
0.358 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.337
|
0.999 |
0.358 |
|
|
Net Current Assets |
8.368
|
4.956 |
2.106 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.707 |
10.264 |
6.763 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
031.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20.595 |
16.917 |
18.790 |
|
|
|
Other Income |
0.160 |
0.037 |
0.000 |
|
|
|
TOTAL (A) |
20.755 |
16.954 |
18.790 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
14.975 |
12.399 |
14.056 |
|
|
|
Binding |
0.504 |
0.405 |
0.409 |
|
|
|
Freight |
0.131 |
0.260 |
0.350 |
|
|
|
Labour |
0.513 |
0.304 |
0.281 |
|
|
|
Oil and Fuel |
0.277 |
0.314 |
0.295 |
|
|
|
Royalty |
0.535 |
0.291 |
0.274 |
|
|
|
Paper Testing Fee |
0.022 |
0.022 |
0.006 |
|
|
|
Processing Expenses |
0.068 |
0.057 |
0.064 |
|
|
|
Press Expenses |
0.034 |
0.026 |
0.027 |
|
|
|
Salaries |
0.902 |
0.698 |
0.678 |
|
|
|
Insurance |
0.016 |
0.016 |
0.005 |
|
|
|
Machine Expenses |
0.288 |
0.013 |
0.019 |
|
|
|
Telephone Expenses |
0.010 |
0.014 |
0.011 |
|
|
|
Vehicles Expenses |
0.029 |
0.025 |
0.037 |
|
|
|
Audit Fees |
0.005 |
0.005 |
0.003 |
|
|
|
Other Expenses |
0.085 |
0.003 |
0.322 |
|
|
|
TOTAL (B) |
18.394 |
14.852 |
16.837 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.361 |
2.102 |
1.953 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.201 |
1.242 |
1.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.160 |
0.860 |
0.928 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.376 |
0.401 |
0.450 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F)
(G) |
0.784 |
0.459 |
0.478 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.78 |
2.71 |
2.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.81 |
2.71 |
2.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.69 |
5.13 |
8.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.23 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.43 |
4.71 |
3.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
25.83 |
5.96 |
6.88 |
LOCAL AGENCY FURTHER INFORMATION
ASSESSMENT OF
WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Projected) |
||
|
Gross Sales |
|
|
|
|
Domestic |
22.000 |
27.500 |
30.000 |
|
Export |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (Gross Sales) |
22.000 |
27.500 |
30.000 |
|
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net Sales |
22.000 |
27.500 |
30.000 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
-- |
|
|
|
|
|
|
Other Income |
0.200 |
0.225 |
0.250 |
|
|
|
|
|
|
Total |
22.200 |
27.725 |
30.250 |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
15.840 |
19.937 |
21.750 |
|
|
|
|
|
|
Others Stores and Spares |
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Trading Expenses |
2.310 |
2.888 |
3.150 |
|
|
|
|
|
|
Sub
Total |
18.150 |
22.825 |
24.900 |
|
|
|
|
|
|
Add: Opening stock of Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total |
18.150 |
22.825 |
24.900 |
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
18.150 |
22.825 |
24.900 |
|
|
|
|
|
|
Selling, General and Administrative Expenses |
1.500 |
1.950 |
2.100 |
|
|
|
|
|
|
Operating Profit before interests |
2.550 |
2.950 |
3.250 |
|
|
|
|
|
|
Interests |
|
|
|
|
Car Loan |
0.021 |
0.017 |
0.013 |
|
Cash Credit and Book Debts Limit |
0.375 |
0.625 |
0.625 |
|
Unsecured Loans |
1.023 |
1.023 |
1.023 |
|
|
|
|
|
|
Depreciation |
0.345 |
0.291 |
0.248 |
|
|
|
|
|
|
Operating profit after Interests |
0.786 |
0.994 |
1.341 |
|
|
|
|
|
|
Non Operating Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Non Operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
0.786 |
0.994 |
1.341 |
|
|
|
|
|
|
Provision for taxes |
0.066 |
0.118 |
0.227 |
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.720 |
0.876 |
1.114 |
|
|
|
|
|
|
Dividend |
-- |
-- |
-- |
|
|
|
|
|
|
Retained Profit |
0.720 |
0.876 |
1.114 |
|
|
|
|
|
|
Retained profit/ Net Profit (%) |
100 |
100 |
100 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Projected) |
||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
i. From Application Bank |
5.000 |
5.000 |
5.000 |
|
ii. From Other Banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB
TOTAL |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
0.263 |
0.277 |
0.301 |
|
Advances Payment from customers |
0.000 |
0.000 |
0.000 |
|
Provision For Taxes |
0.000 |
0.000 |
0.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.150 |
0.200 |
0.250 |
|
|
|
|
|
|
SUB
TOTAL |
0.413 |
0.477 |
0.551 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
5.413 |
5.477 |
5.551 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
|
Term Loans |
0.339 |
0.209 |
0.083 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
8.524 |
8.524 |
8.524 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities/
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
8.863 |
8.733 |
8.607 |
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
14.276 |
14.210 |
14.158 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Shares Capital |
3.289 |
3.990 |
4.904 |
|
Application Money |
0.000 |
0.000 |
0.000 |
|
Partner’s Current A/c |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
NET WORTH |
3.289 |
3.990 |
4.904 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
17.565 |
18.200 |
19.062 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.751 |
0.323 |
0.105 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
10.247 |
11.301 |
12.329 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
3.500 |
3.750 |
4.000 |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
0.000 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
14.498 |
15.374 |
14.434 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
3.012 |
3.012 |
3.012 |
|
Depreciation to date |
0.345 |
0.636 |
0.884 |
|
|
|
|
|
|
NET
BLOCK |
2.667 |
2.376 |
2.128 |
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.400 |
0.450 |
0.500 |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.400 |
0.450 |
0.500 |
|
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
ASSETS |
17.565 |
18.200 |
19.062 |
|
|
|
|
|
|
Tangible Net Worth (TNW) |
3.289 |
3.990 |
4.904 |
|
|
|
|
|
|
Net Working Capital (NWC) |
9.085 |
9.897 |
10.883 |
|
|
|
|
|
|
Current Ratio |
2.68 |
2.81 |
2.96 |
|
|
|
|
|
|
TOL/ TNW |
4.34 |
3.56 |
2.89 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF FINANCIAL
DATA AND RATIO ANALYSIS
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Projected) |
||
|
|
|
||
|
Capital |
3.289 |
3.990 |
4.904 |
|
|
|
|
|
|
Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Net worth |
3.289 |
3.990 |
4.904 |
|
|
|
|
|
|
Sales |
22.000 |
27.500 |
30.000 |
|
|
|
|
|
|
Purchases |
19.211 |
20.187 |
22.000 |
|
|
|
|
|
|
Cost of Sales |
18.150 |
22.825 |
24.900 |
|
|
|
|
|
|
Closing Stock |
35.000 |
37.500 |
4.000 |
|
(Average Holding Period) |
70 |
60 |
59 |
|
|
|
|
|
|
Gross Profit |
3.850 |
4.675 |
5.100 |
|
|
|
|
|
|
Net Profit |
0.720 |
0.876 |
1.114 |
|
|
|
|
|
|
Sundry Debtors |
10.247 |
11.301 |
12.329 |
|
(Average Collection Period) |
170 |
150 |
150 |
|
|
|
|
|
|
Sundry Creditors |
0.263 |
0.277 |
0.301 |
|
(Average Payment Period) |
5 |
5 |
5 |
|
|
|
|
|
|
Current Assets |
14.498 |
15.374 |
16.434 |
|
|
|
|
|
|
Current Liabilities |
5.413 |
5.477 |
5.551 |
|
|
|
|
|
|
Current Ratio |
2.68 |
2.81 |
2.96 |
|
|
|
|
|
|
Net Working Capital |
9.085 |
9.897 |
10.883 |
|
|
|
|
|
|
TOL/ Net Sales |
64.89 |
51.67 |
47.19 |
|
|
|
|
|
|
Gross Profit/ Sales |
17.50 |
17.00 |
17.00 |
|
|
|
|
|
|
Net Profit/ Sales |
3.27 |
3.19 |
3.71 |
|
|
|
|
|
|
Total Inventory / Net Sales |
15.91 |
13.64 |
13.33 |
|
|
|
|
|
|
Net Profit/ TNW |
21.89 |
21.95 |
22.72 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
A CURRENT ASSETS |
(Projected)
|
||
|
Raw Materials |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
-- |
|
[b] Indigenous |
3.500 |
3.750 |
4.000 |
|
Months Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Other consumable spares |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
-- |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
0.000 |
|
Months cost of production |
-- |
-- |
-- |
|
|
|
|
|
|
Finished goods |
0.000 |
0.000 |
0.000 |
|
Months cost of sales |
-- |
-- |
-- |
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
10.247 |
11.301 |
12.329 |
|
Months domestic sales |
-- |
-- |
-- |
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers months export sales] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.751 |
0.323 |
0.105 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
14.498 |
15.374 |
16.434 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working capital] |
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.263 |
0.277 |
0.301 |
|
Months Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Statutory liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Creditors (Expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
0.150 |
0.200 |
0.250 |
|
|
|
|
|
|
TOTAL |
0.413 |
0.477 |
0.551 |
----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Projected)
|
||
|
Total current assets |
14.498 |
15.374 |
16.434 |
|
|
|
|
|
|
Others Current Liabilities |
0.413 |
0.477 |
0.551 |
|
[Other than bank borrowings and T L Installment] |
|
|
|
|
|
|
|
|
|
Working capital gap [WCG] |
14.085 |
14.897 |
15.883 |
|
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
3.521 |
3.724 |
3.971 |
|
|
|
|
|
|
Actual/ Projected net working capital |
9.085 |
9.897 |
10.883 |
|
|
|
|
|
|
Item 3 minus item 4 |
10.564 |
11.173 |
11.912 |
|
|
|
|
|
|
Item 3 minus item 5 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
Maximum permissible bank finance |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
(5.564) |
(6.173) |
(6.912) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. DURGESH CHAND
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2010 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
Investment in Business |
2.719 |
|
|
(Proprietor of Mr. Durgesh Printing Press) |
|
|
|
Less: Residential House Property included in
the fixed assets of the firm |
0.613 |
|
|
|
|
2.106 |
|
|
|
|
|
Gold (Market Value) |
0.270 |
|
|
|
|
|
|
Property at Halan Ganj, |
2.000 |
|
|
|
|
|
|
House Property at C- 65, Shri Radha Puram, |
4.000 |
|
|
|
|
|
|
LIC (Surrender Value) |
0.115 |
|
|
|
|
|
|
Cash and Bank Balance |
0.028 |
|
|
|
|
6.413 |
|
|
|
|
|
TOTAL ASSETS |
|
8.519 |
|
|
|
|
|
Less: Liabilities |
|
Nil |
|
|
|
|
|
TOTAL LIABILITIES |
|
Nil |
|
|
|
|
|
NET WORTH |
|
8.519 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT IN RESPECT OF IMMOVABLE PROPERTY
PART – I
|
Date of Visit to the site |
02.04.2008 |
|
|
|
|
Date of making of valuation |
04.04.2008 |
|
|
|
|
Name of the Owner’s of the Property |
Durgesh Printing Press |
|
|
|
|
Whether necessary enquiry have been made
from the concerned locality with regard to the ownership of the property. |
Yes |
|
|
|
|
If the property is under joint ownership/
co-ownership, share of each such owner, Are the shares Undivided |
In firm name |
|
|
|
|
Brief description of the property (Details
as per old valuation report dated 12.02.2006 made by united engineers) |
Property i.e Running Printing press with
name and style “M/s Durgesh Printing Press” having total of ground floor
covered area including varandah is 661.60 Sq. Mt and Total of ground floor
shed covered area is 96.32 Sq. Mt, over land area 1225.00 Sq. Mt. The above
said construction is average 4-5 years old. |
|
|
|
|
Surroundings: |
East Property No. E-48 West : Property No. E-46 North : Road 12 metre South : Property No.E-40 |
|
|
|
|
Location, Street, Ward No. |
Factory No. E-47, Industrial Area, Site – A,
tehsil and District Mathura |
|
|
|
|
Flat/ Plot No. |
Factory No. E-47, Industrial Area, Site – A,
tehsil and District Mathura |
|
|
|
|
Is the IP bears the same description details
as mentioned in the documents / title deeds |
Yes |
|
|
|
|
Is the property situated in residential /
commercial /mixed area / Industrial area. |
Industrial Area |
|
|
|
|
In the property is situated in an
authorized/ unauthorized colony. |
Industrial Area |
|
|
|
|
Classification of Locality — high class / middle class/ poor class |
Middle Class |
|
|
|
|
Proximity to civic amenities like school
hospital offices, markets cinema halls. |
Within 3 km |
|
|
|
|
Area supported by document proof shape dimension
and physicals features |
Covered Area 661.60 sq. mt. Shed Area 96.32 Sq. mt. |
|
|
|
|
Furnish details of the building on a
separate sheet giving number of floors, area floor wise, year and type of
construction, finishing floor wise. |
Covered area 661.60 Sq. Mt. At Ground floor, shed area 96.32 Sq. Mt |
|
|
|
|
Is the construction / built up property is
as per the plan approved by the competent authority |
Yes |
|
|
|
|
Is it free hold or lease hold land |
Leasehold |
|
|
|
|
Is there any restrictive covenant in regard
to use of land? If so details be given. |
Industrial Area |
|
|
|
|
Is the building owner occupied/ Tenanted/
Both |
Owner Occupied |
|
|
|
|
If Partially Owner Occupied, specify Portion
and extent of area under owner -occupation. |
Owner Occupied |
|
|
|
|
Market value of the property |
Rs.5.075 Millions |
|
|
|
|
Distress (Around 10% less) |
Rs.4.568 Millions |
PART – II
VALUATIONS
The property under
consideration is a Running Printing press with name and style “M/s Durgesh
Printing Press” at Plot No E-47, Industrial Area, Site-A, Tehsil and Distt.
Mathura having total of ground floor covered area including varandah is 661.60
Sq. Mt and total of ground floor shed covered area is 96.32 Sq. Mt. over land
area 1225.00 Sq. Mt. The above said property is surrounded by East Property No.
E-48, West Property No. E-46,
|
GENERAL
SPECIFICATION |
|
|
Foundation |
Ordinary load bearing structure |
|
|
|
|
Walls |
Partition walls in cement mortar |
|
|
|
|
Roof |
Stone Girder |
|
|
|
|
Joinery |
Wooden Chaukats with wooden door and windows
|
|
|
|
|
Flooring |
C.C. Flooring |
|
|
|
|
Terrace |
NA |
|
|
|
|
Electrification |
Internal |
|
|
|
|
Sanitation |
Ordinary |
|
|
|
|
CALCULATIONS COST OF
CONSTRUCTION |
|
|
Total of Ground floor covered area 661.60
Sq. Mt. @ Rs.375a.00 per Sq. Mt of covered area |
Rs.2.481 Millions |
|
|
|
|
Total of 3round floor Shed covered area %.32
Sq. Mt. 8 Rs.1500.00 per Sq. Mt of covered area |
Rs.0.144 Million |
|
|
|
|
Total value of Property |
Rs.2.625 Millions |
|
|
|
|
Description |
Since it is on an average 4-5yaers old
construction, so no description is taken in account. |
|
|
|
|
Net value of property |
Rs.2.625 Millions |
|
|
|
|
COST OF LAND |
|
|
Total of Lend area 1225.00 Sq. Mt @
Rs.2000.00 per Sq. Mt |
Rs.2.450 Millions |
|
|
|
|
Total Value of Property |
Rs.5.075 Millions |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Building
· Computers
· Furniture
· Generator
· Machinery
· Plot
· Residential house
· Scooter
· Tata Indica
· Zen Estilo
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.44.22 |
|
|
1 |
Rs.71.97 |
|
Euro |
1 |
Rs.63.23 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.