MIRA INFORM REPORT
|
Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PUBLICITY |
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Registered
Office : |
H-14, Shivalik Nagar, Bhel, Haridwar |
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Country : |
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Financials (as
on) : |
31.03.2011 (Projected) |
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Date of
Incorporation : |
03.05.2003 |
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PAN No.: [Permanent Account No.] |
AAGFP3101M |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business
: |
Manufacturer of Printing Labels. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is an established concern having moderate track. Trade
relations are reported as fair. The valuation report and networth statement provided
is of a lesser value than the proposal amount. However no complaints have
been heard from market or indirect 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
H-14, Shivalik Nagar, Bhel, Haridwar |
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Tel. No.: |
91-1334-230873 |
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E-Mail : |
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Area : |
Rented |
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Factory : |
Plot No. 121-A, Sector-06A, IIE, SIDCUL, |
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Area : |
500 sq.ft. (Leased) |
PARTNERS
|
Name : |
Mr. Herendra Nath |
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Designation : |
Partner |
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Address : |
H-14, Shivalik Nagar, BHEL, |
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Date of Birth/Age : |
25.02.1978 |
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Qualification : |
M.Com |
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Experience : |
10 Years |
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Name : |
Mr. Somendra Nath |
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Designation : |
Partner |
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Address : |
H-14, Shivalik Nagar, BHEL, |
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Date of Birth/Age : |
11.03.1976 |
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Qualification : |
BSc. |
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Experience : |
8 Years |
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Name : |
Mr. Anurag Saxena |
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Designation : |
Partner |
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Address : |
H-14, Shivalik Nagar, BHEL, |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate |
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Experience : |
7 Years |
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Name : |
Mr. Parag Saxena |
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Designation : |
Partner |
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Address : |
H-14, Shivalik Nagar, BHEL, |
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Date of Birth/Age : |
32 Years |
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Qualification : |
M.Com |
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Experience : |
7 Years |
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Name : |
Mr. Vipul Gupta |
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Designation : |
Parnter |
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Address : |
H-14, Shivalik Nagar, BHEL, |
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Date of Birth/Age : |
31 Years |
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Qualification : |
Graduate |
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Experience : |
7 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Printing Labels. |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (60 Days) |
GENERAL INFORMATION
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No. of Employees : |
Approximately 21 (Office 4, Factory 17) |
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Bankers : |
Andhra Bank, Corporation Bank, |
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Facilities : |
Credit Limit : Rs. 0.300 Million |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vikas Bansal and Company Chartered Accountant |
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Address : |
23, Meena Enclave, Behind Hotel Classic Residency, Jwalapur, |
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Tel. No.: |
91-1334-325551/ 228106 |
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Mobile No.: |
91-9837068117 |
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E-Mail : |
CAPITAL STRUCTURE
PARTNER’S CAPITAL
ACCOUNT
As on 31.03.2011
|
Particulars |
Opening Balance |
Addition |
Salary |
Interest |
Profit |
Total |
Drawings |
Closing Balance |
|
Mr. Parag Saxena |
0.154 |
0.900 |
0.060 |
0.018 |
0.047 |
1.179 |
0.048 |
1.131 |
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Mr. Vipul Gupta |
0.254 |
0.900 |
0.060 |
0.030 |
0.047 |
1.291 |
0.048 |
1.243 |
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Mr. Anurag Saxena |
0.154 |
0.900 |
0.060 |
0.018 |
0.047 |
1.179 |
0.048 |
1.131 |
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Mr. Somendra Nath |
0.154 |
0.900 |
0.060 |
0.018 |
0.047 |
1.179 |
0.048 |
1.131 |
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Mr. Herendra Nath |
0.154 |
0.900 |
0.060 |
0.018 |
0.047 |
1.179 |
0.048 |
1.131 |
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Total |
0.870 |
4.500 |
0.060 |
0.104 |
0.233 |
5.768 |
0.240 |
5.768 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 Projected |
31.12.2010 Projected |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
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|
1] Share Capital |
5.768 |
2.630 |
0.870 |
0.713 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
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NETWORTH |
5.768 |
2.630 |
0.870 |
0.713 |
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LOAN FUNDS |
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|
1] Secured Loans |
6.780 |
1.601 |
1.011 |
0.058 |
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2] Unsecured Loans |
0.000 |
0.216 |
0.000 |
0.000 |
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TOTAL BORROWING |
6.780 |
1.817 |
1.011 |
0.058 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL |
12.548 |
4.447 |
1.881 |
0.771 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
11.067 |
3.223 |
1.244 |
0.451 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.077
|
0.559 |
0.432 |
0.310 |
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Sundry Debtors |
1.060
|
0.724 |
0.249 |
0.026 |
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Cash & Bank Balances |
0.058
|
0.170 |
0.065 |
0.025 |
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Other Current Assets |
0.061
|
0.000 |
0.070 |
0.036 |
|
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Loans & Advances |
0.000
|
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
2.256
|
1.453 |
0.816 |
0.397 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
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Sundry Creditors |
0.725
|
0.218 |
0.112 |
0.035 |
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Other Current Liabilities |
0.050
|
0.011 |
0.067 |
0.042 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
0.775
|
0.229 |
0.179 |
0.077 |
|
|
Net Current Assets |
1.481
|
1.224 |
0.637 |
0.320 |
|
|
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL |
12.548 |
4.447 |
1.881 |
0.771 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 Projected |
31.12.2010 Projected |
31.03.2010 |
31.03.2009 |
|
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SALES |
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|
|
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|
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|
Income (Gross Receipts from Printing Works) |
11.000 |
8.265 |
7.667 |
5.342 |
|
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|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
11.000 |
8.265 |
7.667 |
5.342 |
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
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|
Cost of Good Sold |
7.915 |
6.110 |
5.987 |
4.209 |
|
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|
Salary to Staff |
0.460 |
0.404 |
0.300 |
0.180 |
|
|
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Salary To Partners |
0.300 |
0.225 |
0.240 |
0.150 |
|
|
|
Bank Charges |
0.010 |
0.003 |
0.061 |
0.004 |
|
|
|
Interest on Term Loan |
0.195 |
0.042 |
0.000 |
0.000 |
|
|
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Printing and Stationery Expenses |
0.010 |
0.009 |
0.000 |
0.004 |
|
|
|
Other Expenses |
1.261 |
1.035 |
0.752 |
0.677 |
|
|
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TOTAL |
10.151 |
7.828 |
7.340 |
5.224 |
|
|
|
|
|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.849 |
0.437 |
0.327 |
0.118 |
|
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.616 |
0.171 |
0.221 |
0.092 |
|
|
|
|
|
|
|
|
|
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|
NET PROFIT |
0.233 |
0.266 |
0.106 |
0.026 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 Projected |
31.12.2010 Projected |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.12
|
3.22 |
1.38 |
0.49 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.12
|
3.22 |
1.38 |
0.49 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.75
|
5.69 |
5.15 |
3.07 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.10 |
0.12 |
0.04 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.31
|
0.78 |
1.37 |
0.19 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.91
|
6.34 |
4.56 |
5.16 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT
SHOWING ASSETS AND LIABILITIES
MR. VIPUL
GUPTA
(Partner)
|
Immovable
Properties |
Applicant |
|
|
|
|
Address of the property with survey No. / door No. etc. |
Plot No. B-26, Gangacolony, Bahadarabad, Haridwar |
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Description : Land/ Building |
Land |
|
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Whether freehold/ lease hold |
Freehold |
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Type of Property: Commercial / Residential/ agricultural |
Land (Residential) |
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Area/ Extent of land |
162 sq.mtr |
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Mortgaged for availing loan if any, details thereof |
Security offered fro the proposed loan |
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PRESENT MARKET/
ASSETS VALUE |
RS. 3.000
MILLIONS |
|
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INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the company/ firm/ concern in which investment is made |
Rs. 0.254 Million |
|
|
|
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Date of Investments |
Investment son 31.03.2010 |
|
|
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|
PRESENT VALUE OF
INVESTMENT |
RS. 0.254
MILLION |
|
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|
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ company where deposits are held |
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Date of Deposit |
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Nature of Deposit |
SB Account |
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PRESENT VALUE OF
DEPOSITS |
|
|
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|
VEHICLES OWNED |
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|
Model/ Make |
|
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|
Date of Purchase |
|
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|
Whether hypothecated for loan |
|
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|
PRESENT MARKET
VALUE |
|
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.150 Million |
|
Cash in Hand |
Rs. 0.025 Million |
|
Jewellery |
Rs. 0.800 Million |
|
|
|
|
TOTAL VALUE OF
OTHER ASSETS |
RS. 0.975
MILLION |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
MR. ANURAG
SAXENA
(Partner)
|
INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the company/ firm/ concern in which investment is made |
Rs. 0.154 Million |
|
|
|
|
Date of Investments |
Investment son 31.03.2010 |
|
|
|
|
PRESENT VALUE OF
INVESTMENT |
RS. 0.154
MILLION |
|
|
|
|
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ company where deposits are held |
Andhra Bank |
|
|
|
|
Date of Deposit |
2007 |
|
|
|
|
Nature of Deposit |
SB Account |
|
|
|
|
PRESENT VALUE OF
DEPOSITS |
Rs. 0.060
Million |
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
TVS Victor |
|
|
|
|
Date of Purchase |
2006 |
|
|
|
|
PRESENT MARKET
VALUE |
Rs. 0.038
Million |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.035 Million |
|
Cash in Hand |
Rs. 0.005 Million |
|
Jewellery |
Rs. 0.350 Million |
|
|
|
|
TOTAL VALUE OF
OTHER ASSETS |
RS. 0.390
MILLION |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
MR.
SOMENDRA NATH
(Partner)
|
INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the company/ firm/ concern in which investment is made |
Rs. 0.154 Million |
|
|
|
|
Date of Investments |
Investment son 31.03.2010 |
|
|
|
|
PRESENT VALUE OF
INVESTMENT |
RS. 0.154
MILLION |
|
|
|
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ company where deposits are held |
|
|
|
|
|
PRESENT VALUE OF
DEPOSITS |
|
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
Bajaj Chetak |
|
|
|
|
Date of Purchase |
1998 |
|
|
|
|
PRESENT MARKET
VALUE |
Rs. 0.005
MILLION |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.185 Million |
|
Cash in Hand |
Rs. 0.020 Million |
|
Jewellery |
Rs. 0.500 Million |
|
|
|
|
TOTAL VALUE OF
OTHER ASSETS |
RS. 0.705
MILLION |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
MR. PARAG
SAXENA
(Partner)
|
INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the company/ firm/ concern in which investment is made |
Rs. 0.154 Million |
|
|
|
|
Date of Investments |
Investment son 31.03.2010 |
|
|
|
|
PRESENT VALUE OF
INVESTMENT |
RS. 0.154
MILLION |
|
|
|
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ company where deposits are held |
Andhra Bank |
|
|
|
|
Date of Deposit |
2007 |
|
|
|
|
Nature of Deposit |
SB Account |
|
|
|
|
PRESENT VALUE OF
DEPOSITS |
Rs. 0.045
Million |
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
TVS Apache |
|
|
|
|
Date of Purchase |
2010 |
|
|
|
|
PRESENT MARKET
VALUE |
Rs. 0.077
Million |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.050 Million |
|
Cash in Hand |
Rs. 0.010 Million |
|
Jewellery |
Rs. 0.400 Million |
|
|
|
|
TOTAL VALUE OF
OTHER ASSETS |
RS. 0.460
MILLION |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
MR.
HARENDRA NATH
(Partner)
|
INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the company/ firm/ concern in which investment is made |
Rs. 0.154 Million |
|
|
|
|
Date of Investments |
Investment son 31.03.2010 |
|
|
|
|
PRESENT VALUE OF
INVESTMENT |
RS. 0.154
MILLION |
|
|
|
|
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ company where deposits are held |
|
|
|
|
|
Date of Deposit |
|
|
|
|
|
Nature of Deposit |
SB Account (RDR – Andhra Bank) |
|
|
|
|
PRESENT VALUE OF
DEPOSITS |
SB -1: RS. 0.100
MILLION FD: RS. 0.150
MILLION SB-2: RS. 0.045
MILLION |
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
Bajaj Pulsar |
|
|
|
|
Date of Purchase |
2010 |
|
|
|
|
Whether Hypothecated for loan |
Yes |
|
|
|
|
Details of loan against vehicles |
Andhra Bank Loan |
|
|
|
|
PRESENT MARKET
VALUE |
Rs. 0.075
Million |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.200 Million |
|
Cash in Hand |
Rs. 0.020 Million |
|
Jewellery |
Rs. 0.600 Million |
|
|
|
|
TOTAL VALUE OF
OTHER ASSETS |
RS. 0.820
MILLION |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
GENERAL |
|
|
Purpose for which valuation is made |
For Bank Loan purpose from Corporation Bank Haridwar |
|
|
|
|
Date as on which valuation is made |
17.01.2011 |
|
|
|
|
Name of the Owner/ owners |
Mr. Vipul Gupta S/o Mr. Satish Kumar, residing at H. No. H-13 Shivalik
Nagar, Pargana Jwalapur, Tehsil and District Haridwar |
|
|
|
|
If the property is under joint ownership/ co-ownership shares of each
such owner. Are the shares undivided? |
Ownership |
|
|
|
|
Brief description of property |
Registry No. 2722/2721 Dated 31.03.2010 East: Plot No. B-27 West: Plot No B-25 North : Plot No. B-43 South: 7.50 M Wd. Road No. 2 |
|
|
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|
Location, Street, Ward No. |
Plot No. B-26, Industrial Housing Bahadrabad, Pargana Jwalapur, Tehsil
and District Haridwar |
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Survey / Plot No. of Land |
Plot No. B-26 |
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Is the property situated in
Residential / commercial/ Mixed Area/ Industrial Area |
Residential Land |
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Classification of locality-high class/ middle class/ Poor Class |
Middle Class |
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Proximity of civic amenities, like schools, hospitals, offices,
markets, cinemas etc. |
With in 1.00 k.m. |
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Means and proximity to surface communication by which the locality is
served |
By Road |
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|
LAND |
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|
Area of land supported by documentary Proof shape dimensions and
physical features |
Registry No. 2722/ 2721 Dated 31.03.2010 North: 9.00 m South: 9.00 m East: 18.00 m West: 18.00 m Total Area of Land = 162.00 m2 |
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Roads, Streets on lanes on which the land is abutting |
7.5m wd. Roads on its fron |
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Is if free hold or lease hold land |
Lease Hold |
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|
If lease hold the name of lessor/ lessee nature of lease date of
commencement and termination of lease and terms of renewal of lease |
UPSIDC Dehradun |
|
i) Initial Premium |
Rs. 0.169 Millions |
|
ii) Ground Rent payable per annum |
Rs. 0.007 Million |
|
iii) Unearned increase payable
to the lessor in the event of sale transfer |
30 X 3 = 90 Years |
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Does the land fall in an area included in any Town Planning Plan of
Government of any statutory body? If so, give particulars |
Out of Nagar Palika Area, Haridwar |
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IMPROVEMENTS |
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|
Attach plans and elevation of all structures standing on the land and
a layout plan |
Vacant Land |
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i) Is the building owner occupied/ tenanted/ both |
Owner Occupied Vacant Land |
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ii) If partly owner occupied, specify portion and extent of area under
owner occupation? |
Whole by Owner |
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What is the Floor space Index permissible and percentage actually
utilized |
1.3 permissible |
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Give details of water and electricity charges, if any to be borne by
the owner |
Whole by owner |
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Who has to bear the cost of electricity charges fro lighting of common
space |
Whole by owner |
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What is the amount of property tax? Who is to bear it? Give details
with documentary proof. |
As per rule |
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Has any standard rent been fixed for the premises under any law
relating to the control of rent |
Yes, as per rule |
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Land rate adopted in this valuation |
Prevailing Marketing Rates (Rs. 0.013Million) |
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If sale instance are not available or not relied upon, the basis of
arriving at the land rate |
Circle Rate (Rs. 0.450 Million) |
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VALUATION OF
PLOT |
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|
Area of Land |
160.00m2 |
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|
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Rate of Land |
Rs. 0.013/m2 |
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|
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Cost of Land |
Rs. 2.025 Millions |
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|
SAY |
RS. 2.025
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
OPERATING RESULTS/ PROFITABILITY STATEMENT
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
Sales (A) |
12.500 |
20.000 |
22.000 |
24.200 |
26.620 |
29.282 |
|
|
12.500 |
20.000 |
22.000 |
24.200 |
26.620 |
29.282 |
|
LESS: COST OF
SALES |
|
|
|
|
|
|
|
Add: Opening Stock |
0.559 |
1.000 |
1.300 |
1.600 |
1.900 |
2.200 |
|
Raw Material |
7.691 |
11.900 |
13.060 |
14.336 |
15.740 |
17.283 |
|
Freight/ charges |
0.250 |
0.400 |
0.440 |
0.484 |
0.532 |
0.586 |
|
Power and Fuel |
0.625 |
1.000 |
1.100 |
1.210 |
1.331 |
1.464 |
|
Labour/ Wages |
1.250 |
2.000 |
2.200 |
2.420 |
2.662 |
2.928 |
|
Less: Closing Stock |
1.000 |
1.300 |
1.600 |
1.900 |
2.200 |
2.500 |
|
|
|
|
|
|
|
|
|
Cost of sales
(B) |
8.816 |
15.000 |
16.500 |
18.150 |
19.965 |
21.961 |
|
|
|
|
|
|
|
|
|
Gross Profit
(A-B) |
3.125 |
5.000 |
5.500 |
6.050 |
6.655 |
7.321 |
|
|
|
|
|
|
|
|
|
Less: |
|
|
|
|
|
|
|
Administrative and Selling Expenses |
0.938 |
1.500 |
1.650 |
1.815 |
1.997 |
2.196 |
|
Interest on Old T/L @ 13% |
0.016 |
0.060 |
0.040 |
0.020 |
0.000 |
0.000 |
|
Interest on Old C C @ 13% |
0.010 |
0.039 |
0.039 |
0.039 |
0.039 |
0.039 |
|
Interest on T/L @ 13% |
0.130 |
0.780 |
0.624 |
0.468 |
0.312 |
0.156 |
|
Interest on New CC @ 13% |
0.015 |
0.091 |
0.091 |
0.091 |
0.091 |
0.091 |
|
Depreciation |
0.185 |
1.268 |
1.092 |
0.942 |
0.813 |
0.702 |
|
Net Profit |
1.831 |
1.262 |
1.964 |
2.675 |
3.403 |
4.137 |
|
|
|
|
|
|
|
|
|
Provision for tax |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
Net Profit After Tax |
1.831 |
1.262 |
1.964 |
2.675 |
3.403 |
4.137 |
|
Add Block Depreciation |
0.185 |
1.262 |
1.092 |
0.942 |
0.813 |
0.702 |
|
|
|
|
|
|
|
|
|
Net Cash
Accruals |
2.016 |
2.530 |
3.056 |
3.617 |
4.216 |
4.839 |
STATEMENT
OF PROJECTED CASH FLOW
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
SOURCES OF
FINANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Accruals |
2.016 |
2.530 |
3.056 |
3.617 |
4.216 |
4.839 |
|
Partner’s Capital |
2.700 |
-- |
-- |
-- |
-- |
-- |
|
Old T.L. |
0.500 |
-- |
-- |
-- |
-- |
-- |
|
Old C.C |
0.300 |
-- |
-- |
-- |
-- |
-- |
|
New Bank T/L |
6.000 |
-- |
-- |
-- |
-- |
-- |
|
New Bank Cash Credit |
0.700 |
-- |
-- |
-- |
-- |
-- |
|
Total |
12.216 |
2.530 |
3.056 |
3.617 |
4.216 |
4.839 |
|
|
|
|
|
|
|
|
|
USES OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plant and Machinery |
5.400 |
-- |
-- |
-- |
-- |
-- |
|
Building |
3.000 |
-- |
-- |
-- |
-- |
-- |
|
Increase in Stock |
0.441 |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
Take over of Old T.L |
0.500 |
-- |
-- |
-- |
-- |
-- |
|
Take over of Old C.C |
0.300 |
-- |
-- |
-- |
-- |
-- |
|
Repayment of Loan old T/L |
0.038 |
0.154 |
0.154 |
0.154 |
0.000 |
0.000 |
|
Repayment of Loan new T/L |
0.000 |
1.200 |
1.200 |
1.200 |
1.200 |
1.200 |
|
Increase of loan New T/L |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
Drawings |
0.500 |
0.600 |
0.800 |
1.000 |
1.200 |
1.400 |
|
Total |
10.379 |
2.454 |
2.654 |
2.854 |
2.900 |
3.100 |
|
|
|
|
|
|
|
|
|
Cash/ Bank
Balance |
|
|
|
|
|
|
|
Opening Balance |
0.156 |
1.993 |
2.069 |
2.471 |
3.234 |
4.550 |
|
Net Surplus |
1.837 |
0.076 |
0.402 |
0.763 |
1.316 |
1.739 |
|
Closing Balance |
1.993 |
2.069 |
2.471 |
3.234 |
4.550 |
6.289 |
PROJECTED
BALANCE SHEET
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Partner’s Capital |
2.630 |
6.661 |
7.323 |
8.487 |
10.162 |
12.365 |
|
Addition: |
2.700 |
-- |
-- |
-- |
-- |
-- |
|
Add: Net Profit After Tax |
1.831 |
1.262 |
1.964 |
2.675 |
3.403 |
4.137 |
|
|
7.161 |
7.923 |
9.287 |
11.162 |
13.565 |
16.502 |
|
|
|
|
|
|
|
|
|
Less: Drawings |
0.500 |
0.600 |
0.800 |
1.000 |
1.200 |
1.400 |
|
NET CAPITAL |
6.664 |
7.323 |
8.487 |
10.162 |
12.365 |
15.102 |
|
Old Bank T/L |
0.462 |
0.308 |
0.154 |
0.000 |
0.000 |
0.000 |
|
New Bank T/L |
6.000 |
4.800 |
3.600 |
2.400 |
1.200 |
0.000 |
|
Bank Cash Credit |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
SIDCUL |
1.200 |
1.200 |
1.200 |
1.200 |
1.200 |
1.200 |
|
Unsecured Loan |
0.215 |
0.215 |
0.215 |
0.215 |
0.215 |
0.215 |
|
Current Liabilities |
0.229 |
0.229 |
0.229 |
0.229 |
0.229 |
0.229 |
|
Total |
15.767 |
15.075 |
14.885 |
15.206 |
16.209 |
17.746 |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
Land |
2.200 |
2.200 |
2.200 |
2.200 |
2.200 |
2.200 |
|
Building |
3.000 |
2.700 |
2.430 |
2.187 |
1.968 |
1.771 |
|
Plant and Machinery |
6.450 |
5.482 |
4.660 |
3.961 |
3.367 |
2.862 |
|
Stock |
1.000 |
1.300 |
1.600 |
1.900 |
2.200 |
2.500 |
|
Debtors |
1.124 |
1.324 |
1.524 |
1.724 |
1.924 |
2.124 |
|
Cash/ Bank Balances |
1.993 |
2.069 |
2.471 |
3.234 |
4.550 |
6.289 |
|
Total |
15.767 |
15.075 |
14.885 |
15.206 |
16.206 |
17.746 |
CALCULATION
OF DEBT SERVICES COVERAGE RATIO
(Rs.
in Millions)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
Net Cash Accruals |
2.016 |
2.530 |
3.056 |
3.617 |
4.216 |
4.839 |
|
Interest on Term Loan |
0.146 |
0.840 |
0.664 |
0.488 |
0.312 |
0.156 |
|
|
2.162 |
3.370 |
3.720 |
4.105 |
4.528 |
4.995 |
|
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.146 |
0.840 |
0.664 |
0.488 |
0.312 |
0.156 |
|
Repayment on Term Loan |
0.038 |
1.354 |
1.354 |
1.354 |
1.200 |
1.200 |
|
|
0.184 |
2.184 |
2.018 |
1.842 |
1.512 |
1.356 |
|
|
|
|
|
|
|
|
|
D.S.C.R |
11.75 |
1.54 |
1.84 |
2.23 |
2.99 |
3.68 |
|
|
|
|
|
|
|
|
|
Average D.S.C.R |
12.29/
5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
D.S.C.R |
2.46 |
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(Rs.
in Millions)
|
SOURCES OF FUNDS |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
1] Share Capital |
6.843 |
|
|
2] Share Application Money |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
|
|
NETWORTH |
6.843 |
|
|
LOAN FUNDS |
|
|
|
1] Secured Loans |
6.067 |
|
|
2] Unsecured Loans |
0.000 |
|
|
TOTAL BORROWING |
6.067 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
|
|
|
|
|
|
TOTAL |
12.910 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.849 |
|
|
Capital work-in-progress |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
1.087 |
|
|
Sundry Debtors |
2.510 |
|
|
Cash & Bank Balances |
0.044 |
|
|
Other Current Assets |
0.070 |
|
|
Loans & Advances |
0.000 |
|
Total
Current Assets |
3.711 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
0.560 |
|
|
Other Current Liabilities |
0.090 |
|
|
Provisions |
0.000 |
|
Total
Current Liabilities |
0.650 |
|
|
Net Current Assets |
3.061 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
|
|
|
|
|
|
TOTAL |
12.910 |
|
PROJECTED PROFIT & LOSS
ACCOUNT
(Rs.
in Millions)
|
|
PARTICULARS |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
Income |
20.000 |
|
|
|
Other Income |
0.000 |
|
|
|
TOTAL |
20.000 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
14.690 |
|
|
|
Interest to Partners |
0.692 |
|
|
|
Salary to Staff |
0.520 |
|
|
|
Salary to Partners |
0.300 |
|
|
|
Bank Charges |
0.026 |
|
|
|
Interest on Term Loan |
0.751 |
|
|
|
Printing and Stationery Expenses |
0.012 |
|
|
|
Other Expense |
1.408 |
|
|
|
TOTAL |
18.399 |
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.601 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
1.218 |
|
|
|
|
|
|
|
|
NET PROFIT |
0.383 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
|
Name of the Project |
PUBLICITY |
|
|
|
|
Constitution |
Partnership |
|
|
|
|
Name of the Partner |
Mr. Somendra Nath Mr. Herendra Nath Mr. Anurag Saxena Mr. Parag Saxena Mr. Vipul Gupta |
|
|
|
|
Site Address |
121 A, Sector 6A, SIDCUI, Haridwar |
|
|
|
|
Size of Business |
Small Scale Industries |
|
|
|
|
Nature of Business |
Manufacturing of Printing Packaging Material and Printing. |
|
|
|
|
Cost of Project |
Rs. 0.500 Million |
|
Old Term Loan |
Rs. 0.300 Million |
|
Plant and Machinery |
Rs. 5.400 Millions |
|
Building |
Rs. 3.000 Millions |
|
Working Capital |
Rs. 1.000 Million |
|
|
Rs. 10.200
Millions |
|
SOURCES OF
FINANCES |
|
|
|
|
|
Partner’s Capital |
Rs. 2.700 Millions |
|
Takeover of Old T/L |
Rs. 0.500 Million |
|
Takeover of Cash Credit |
Rs. 0.300 Million |
|
Term Loan from Bank |
Rs. 6.000 Millions |
|
Cash Credit from Bank |
Rs. 0.700 Million |
|
|
Rs. 10.200
Millions |
INTRODUCTION:
This is a Partnership Firm and already set up at H No. 14, Shivalik Nagar
Haridwar for Manufacturing and Printing of Packaging Materials availing Term
Loan for Rs. 0.500 Million and Cash Credit Rs. 0.300 Million and now the firm
has purchased a plot at 121 A Sector-6A, SIDCUL, Haridwar and wants to increase its activities.
The partner of the firm Mr. Somedra Nath, Mr. Herendra Nath, Mr. Anurag
Saxena, Mr. Parag Saxena and Mr. Vipul Gupta are having sufficient knowledge/
experience in this field.
RAW MATERIAL:
The Raw material fro this unit are Card Board of different sizes and
specifications, paper product, strips etc. which are easily available in local
market and other states.
POWER/
ELECTRICITY:
A 50 K.W. Connection shall be required for smooth running of the project
which shall be taken from Uttaranchal Power Corporation.
MARKET SCOPE:
Now a days there is a great demand of Printed Packing Mateials etc. and
these are being used by almost all the industries and the demand is also
increasing day by day. Hence there is a good potentially to supply in the
surrounding areas.
MAN POWER:
It is estimated that 20 unskilled/ skilled shall be required which are
also easily available in the local market.
LAND:
Land has been already purchased by the firm at SIDCUI, Haridwar and
required construction of building is in progress.
PLANT AND
MACHINERY:
The main plant and machinery required for the smooth running of the unit
shall be purchased after sanction of loan.
REPAYMENT OF BANK
LOAN:
The total loan on outstanding balance will be repaid with n five years
to bank, the interest will be charged on loan @13% annually.
ASSUMPTIONS:
- The
depreciation has been considered on Building and Plant and Machinery on
prescribed rates.
- The interest
on Term Loan and Bank Cash Credit has been taken @ 13% p.a.
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF TOTAL INCOME
ASSESSMENT
YEAR 2009-10
(Rs.
in Millions)
|
Particulars |
Amount |
Amount |
Amount |
|
PUBLICITY |
|
|
|
|
Profit as per Profit and Loss A/C |
|
0.026 |
|
|
Add: |
|
|
|
|
Interest Paid to Partners |
|
0.072 |
|
|
Remuneration Paid to Partners |
|
0.150 |
|
|
Total |
|
0.248 |
|
|
Less: |
|
|
|
|
Interest as per Deed u/s 40(b) |
0.072 |
|
|
|
|
|
0.072 |
|
|
|
|
0.176 |
|
|
|
|
|
|
|
Profit Before Remuneration |
|
0.176 |
|
|
Remuneration Allowable |
|
0.123 |
|
|
|
|
0.053 |
|
|
|
|
|
|
|
Gross Total
Income |
|
|
0.053 |
|
Total Income |
|
|
0.053 |
|
Rounded off u/s 288 A |
|
|
0.053 |
|
|
|
|
|
|
Tax Due |
|
0.016 |
|
|
Education Cess |
|
0.000 |
|
|
|
|
0.016 |
|
|
T.D.S. |
|
0.029 |
|
|
|
|
[0.013] |
|
|
Refundable
(Round off u/s 288B) |
|
0.013 |
|
-----------------------------------------------------------------------------------------------------------------------------
VALUE OF FRINGE BENEFITS IN
TERMS OF SECTION 115 WC READ WITH SECTION 115WB FOR THE ASSESMENT YEAR 2009-10
(Rs. In Millions)
|
Section under which chargeable to Fringe Benefit Tax |
Name |
Amount of expenditure incurred or payment made |
Percentage expenditure/ Payment
being fringe benefits |
Value of fringe benefits |
|
Free or concessional ticket provided by the
employer for private journeys of this employees or their family members |
Nil |
100% |
Nil |
|
Any contribution by the employer to any
approved Superannuation fund for employees (see Note1) |
Nil |
100% |
Nil |
|
Entertainment |
Nil |
20% |
Nil |
|
Provision of Hospitality of every kind by
the employer to any person (see Note 2) |
Nil |
20% |
Nil |
|
Conference (Other than fee for participation by the employees
in any conference) (See Note 4) |
Nil |
20% |
Nil |
|
Sales promotion including publicity (see Note 5) |
0.018 |
20% |
0.004 |
|
Employees’ Welfare (see Note 6) |
0.022 |
20% |
0.004 |
|
Conveyance, (see Note 7) |
0.039 |
20% |
0.008 |
|
Use of hotel, boarding and lodging
facilities |
Nil |
20% |
Nil |
|
Repair, Running (including fuel), maintenance of motor cars
and the amount of depreciation thereon |
Nil |
20% |
Nil |
|
Repair, Running ( Including Fuel) and
maintenance of aircraft and the amount of depreciation thereon |
Nil |
20% |
Nil |
|
Use of Telephone (Including mobile phone)
other than expenditure on leased telephone lines |
0.044 |
20% |
0.009 |
|
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purpose |
Nil |
20% |
Nil |
|
Festival Celebrations |
Nil |
50% |
Nil |
|
Use of health club and similar facilities |
Nil |
50% |
Nil |
|
Use of any other club facilities |
Nil |
50% |
Nil |
|
Gifts |
Nil |
50% |
Nil |
|
Scholarships |
Nil |
50% |
Nil |
|
Tour and Travel (Including foreign travel) (see Note 12) |
Nil |
5% |
N.A |
|
Total |
|
0.123 |
|
0.024 |
------------------------------------------------------------------------------------------------------------------------------
Trade references
·
H.U.L
·
Ancher Health and Buety
Care
·
Ancher Electricals
·
WIPRO
Fixed Assets:
·
Land
·
Building
·
Machinery
·
Computer
·
Mobile Phone
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.