MIRA INFORM REPORT
|
Report Date : |
16.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMUS CORPORATION |
|
|
|
|
Registered
Office : |
2, Amar Niketan, 12 J B Nagar, Andheri (East), Mumbai – 400059, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
1997 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Chemicals. |
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.
Proprietor is reported to be having satisfactory means of his own. Trade
relations are 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 |
LOCATIONS
|
Registered Office : |
2, Amar Niketan, 12 J B Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-65789466 |
|
Mobile No.: |
91-9819767573 (Mr. Gautam Sahdev – Proprietor) |
|
Fax No.: |
91-22-28361166 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
750 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Gautam Sahdev |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Chemicals. |
|
|
|
|
Exports : |
|
|
Products : |
Chemicals |
|
Countries : |
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
|
|
|
|
Suppliers : |
· Antra Packaging · Panorama Aromatics Limited · Varachi Chemicals Industries · Poonam Plywood · Sahyadhari Transport Company · Time Technoplast Limited · Velji Dosabhai and Sons Private Limited · SBI Credit Card · Kavish Agrawal and Company |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Amboli Branch, Mumbai, · HSBC Bank ·
State Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kavish Agarwal and Company Chartered Accountant |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Mediclaim |
0.006 |
By Opening Balance |
1.640 |
|
To Drawings |
0.166 |
By Profit for the year |
0.593 |
|
To TDS |
0.006 |
|
|
|
To Insurance
Premium |
0.078 |
|
|
|
To Income Tax |
0.074 |
|
|
|
|
|
|
|
|
To Closing
Balance |
1.903 |
|
|
|
|
|
|
|
|
Total |
2.233 |
Total |
2.233 |
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] Share Capital |
1.903 |
1.640 |
1.108 |
|
|
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 |
1.903 |
1.640 |
1.108 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.402 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.417 |
|
|
TOTAL BORROWING |
1.402 |
0.000 |
0.417 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.305 |
1.640 |
1.525 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.256 |
0.262 |
0.277 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.292 |
1.263 |
0.237 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.851
|
0.389 |
0.389 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.034 |
|
|
Cash & Bank Balances |
0.516
|
0.437 |
0.608 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.682
|
0.211 |
0.206 |
|
Total
Current Assets |
4.049
|
1.037 |
1.237 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.984
|
0.386 |
0.219 |
|
|
Other Current Liabilities |
0.281
|
0.000 |
0.000 |
|
|
Provisions |
0.027
|
0.536 |
0.007 |
|
Total
Current Liabilities |
1.292
|
0.922 |
0.226 |
|
|
Net Current Assets |
2.757
|
0.115 |
1.011 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.305 |
1.640 |
1.525 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10.140 |
24.393 |
3.803 |
|
|
|
Other Income |
1.194 |
0.054 |
0.212 |
|
|
|
TOTAL (A) |
11.334 |
24.447 |
4.015 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
6.318 |
15.857 |
1.925 |
|
|
|
Direct Expenses |
1.015 |
2.298 |
0.474 |
|
|
|
Indirect Expenses |
3.347 |
5.453 |
1.408 |
|
|
|
TOTAL (B) |
10.680 |
23.608 |
3.807 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.654 |
0.839 |
0.208 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.654 |
0.839 |
0.208 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.061 |
0.088 |
0.059 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.593 |
0.751 |
0.149 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.23
|
3.07 |
3.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.85
|
3.08 |
3.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.77
|
57.81 |
9.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.46 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.42
|
0.56 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.13
|
1.12 |
5.47 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|||
|
Capacity
Utilization |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Sales – Domestic |
15.488 |
23.233 |
25.556 |
28.111 |
33.734 |
|
Gross Sales – Export |
20.000 |
30.000 |
34.500 |
39.675 |
49.594 |
|
|
|
|
|
|
|
|
Gross Sales
Total |
35.488 |
53.233 |
60.056 |
67.786 |
83.327 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
35.488 |
53.233 |
60.056 |
67.786 |
83.327 |
|
|
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
0.00 |
50.00 |
12.82 |
12.87 |
22.93 |
|
|
|
|
|
|
|
|
Other Operating Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Export Incentives |
0.200 |
0.300 |
0.330 |
0.363 |
0.399 |
|
Others |
0.100 |
0.150 |
0.200 |
0.250 |
0.300 |
|
|
|
|
|
|
|
|
Other Operating
Income – Total |
0.300 |
0.450 |
0.530 |
0.613 |
0.699 |
|
|
|
|
|
|
|
|
Total Operating
Income |
35.788 |
53.683 |
60.586 |
68.399 |
84.027 |
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases |
23.565 |
35.348 |
38.883 |
42.771 |
47.048 |
|
|
|
|
|
|
|
|
Other Trading Expenses (Carriage inward, commission and Brokerage on
Purchases) |
3.553 |
5.330 |
6.130 |
7.049 |
8.107 |
|
|
|
|
|
|
|
|
Sub – Total |
27.119 |
40.678 |
45.012 |
49.820 |
55.155 |
|
|
|
|
|
|
|
|
Add: Opening Stocks |
0.851 |
0.500 |
0.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deduct: Closing Stocks |
0.500 |
0.500 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
27.469 |
40.678 |
45.512 |
49.820 |
55.155 |
|
|
|
|
|
|
|
|
General, Administrative and selling Expenses |
5.000 |
6.000 |
7.500 |
9.375 |
11.719 |
|
|
|
|
|
|
|
|
Operating Profit before Interests |
3.319 |
7.004 |
7.573 |
9.204 |
17.153 |
|
|
|
|
|
|
|
|
Interest: |
|
|
|
|
|
|
- On Working Capital |
0.250 |
0.450 |
0.450 |
0.450 |
0.450 |
|
- On Term Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total |
0.250 |
0.450 |
0.450 |
0.450 |
0.450 |
|
|
|
|
|
|
|
|
Depreciation |
0.065 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
Operating Profit After Interests and Depreciation |
3.004 |
6.454 |
7.023 |
8.654 |
16.603 |
|
|
|
|
|
|
|
|
Non Operating Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Non Operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net of
Non-operating Income and Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Profit Before Tax |
3.004 |
6.454 |
7.023 |
8.654 |
16.603 |
|
|
|
|
|
|
|
|
Provision for Taxation: |
|
|
|
|
|
|
- Tax Provision Current |
0.150 |
0.300 |
0.390 |
0.507 |
0.659 |
|
- Tax Provision Deferred |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total |
0.150 |
0.300 |
0.390 |
0.507 |
0.659 |
|
|
|
|
|
|
|
|
Profit After tax |
2.854 |
6.154 |
6.633 |
8.147 |
15.944 |
|
|
|
|
|
|
|
|
Dividends |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cash Profit |
2.919 |
6.254 |
6.733 |
8.247 |
16.044 |
|
|
|
|
|
|
|
|
Cash Profit Plus
Interests on Term Loans (A) |
2.919 |
6.254 |
6.733 |
8.247 |
16.044 |
|
|
|
|
|
|
|
|
Installments due under term Loans: |
|
|
|
|
|
|
- Existing Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Proposed term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests on Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (B) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
DSCR A/B |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Borrowings |
7.500 |
7.500 |
7.500 |
7.500 |
7.500 |
|
Installments of Term Loans/ Deferred Payment Credit/ debentures/
deposits/ Redeemable Preference shares (Due within one Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Creditors for Purchases |
0.500 |
0.900 |
1.125 |
1.406 |
1.758 |
|
|
|
|
|
|
|
|
Provision For Taxes |
0.150 |
0.300 |
0.390 |
0.507 |
0.659 |
|
|
|
|
|
|
|
|
Other current Liabilities |
0.000 |
0.200 |
0.300 |
0.450 |
0.675 |
|
|
|
|
|
|
|
|
SUB
TOTAL (A) |
8.150 |
8.900 |
9.315 |
9.863 |
10.591 |
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.025 |
0.100 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB
TOTAL (B) |
0.025 |
0.100 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Equity Shares Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Partner’s Capital/ Capital Brought in the Proprietor |
11.997 |
18.452 |
23.916 |
31.118 |
41.814 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH (C) |
11.997 |
18.452 |
23.916 |
31.118 |
41.814 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES (A+B+C) |
20.172 |
27.452 |
33.231 |
40.981 |
52.406 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
2.989 |
3.271 |
3.500 |
3.500 |
3.500 |
|
Investments [Other than long term investments] |
2.000 |
1.250 |
2.000 |
2.000 |
2.000 |
|
Receivables other than deferred and exports |
5.500 |
7.500 |
8.000 |
8.500 |
9.000 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory of Raw Materials, WIP and FGs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Stock in Trade |
0.500 |
0.500 |
0.000 |
0.000 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
5.500 |
9.800 |
14.700 |
22.050 |
33.075 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS (A) |
16.489 |
22.321 |
28.200 |
36.050 |
47.575 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
4.040 |
6.040 |
6.040 |
6.040 |
6.040 |
|
Depreciation to date |
0.357 |
0.909 |
1.009 |
1.109 |
1.209 |
|
|
|
|
|
|
|
|
NET
BLOCK |
3.683 |
5.131 |
5.031 |
4.931 |
4.831 |
|
|
|
|
|
|
|
|
Capital WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB
TOTAL (B) |
3.683 |
5.131 |
5.031 |
4.931 |
4.831 |
|
|
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS (C) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Intangible Assets (D) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS (A+B+C+D) |
20.172 |
27.452 |
33.231 |
40.981 |
52.406 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|||
|
SOURCES
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before interests and tax less
adjustments for non-cash revenue |
0.000 |
6.904 |
7.473 |
9.104 |
17.053 |
|
Depreciation |
0.000 |
0.100 |
0.100 |
0.100 |
0.100 |
|
Preliminary Expenses written off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Loss on sales of fixed assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Issue of equity shares |
0.000 |
6.454 |
5.464 |
7.202 |
10.696 |
|
Issue of Preference Shares |
0.000 |
6.454 |
0.000 |
0.000 |
0.000 |
|
Issue of debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Long term loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of other long term unsecured loans/
deposits etc. |
0.000 |
6.454 |
0.000 |
0.000 |
0.000 |
|
|
0.000 |
13.734 |
0.000 |
0.000 |
0.000 |
|
Increase in current liabilities |
0.000 |
7.279 |
0.325 |
0.431 |
0.577 |
|
Decrease in current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in short term borrowing |
0.000 |
0.282 |
0.000 |
0.000 |
0.000 |
|
Decrease in Non-current assets/ Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB
TOTAL (A) |
0.000 |
1.250 |
13.363 |
16.837 |
28.426 |
|
|
|
|
|
|
|
|
APPLICATION
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of Redeemable Preference
shares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redemption of debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Long Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Long term unsecured loans/
deposits etc. |
0.000 |
0.000 |
0.100 |
0.000 |
0.000 |
|
Purchased of fixed Assets |
0.000 |
42.126 |
44.912 |
49.720 |
55.055 |
|
Decrease in current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Assets |
0.000 |
5.832 |
5.879 |
7.850 |
11.525 |
|
Increase in Non Current Assets/
Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests paid |
0.000 |
0.100 |
0.100 |
0.100 |
0.100 |
|
Tax Paid
|
0.000 |
0.150 |
0.300 |
0.390 |
0.507 |
|
Dividend paid |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB-TOTAL
(B) |
0.000 |
48.208 |
51.292 |
58.060 |
67.187 |
|
|
|
|
|
|
|
|
Net
Surplus (A-B) |
0.000 |
(46.958) |
(37.929) |
(41.223) |
(38.760) |
|
|
|
|
|
|
|
|
Opening Cash Balance |
0.000 |
2.989 |
3.271 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
Closing Cash Balance |
0.000 |
3.271 |
3.500 |
3.500 |
3.500 |
------------------------------------------------------------------------------------------------------------------------------
BUSINESS
PROJECTIONS AND DSCR
(RS. IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Capacity utilization (%) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
35.488 |
53.233 |
60.056 |
67.786 |
83.327 |
|
PAT |
2.854 |
6.154 |
6.633 |
8.147 |
15.944 |
|
Cash Profit |
2.919 |
6.254 |
6.733 |
8.247 |
16.044 |
|
Add: Interests on TL |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL (A) |
2.919 |
6.254 |
6.733 |
8.247 |
16.044 |
|
|
|
|
|
|
|
|
Installments due under TLs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Existing TLs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Proposed TLs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests on TLs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
(B) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
DSCR
(A/B) |
NA |
NA |
NA |
NA |
NA |
------------------------------------------------------------------------------------------------------------------------------
DSCR
SCENARIOS FOR A COMPANY
(AS
DISTINGUISHED FROM A PROJECT)
(RS. IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|||
|
Scenario for a fall in Total Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
% fall in revenue |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Operating Income (shocked downwards) |
35.788 |
53.683 |
60.586 |
68.399 |
84.027 |
|
Cost of Sales + SGA |
32.469 |
46.678 |
53.012 |
59.195 |
66.873 |
|
Operating Profit before Interest |
3.319 |
7.004 |
7.573 |
9.204 |
17.153 |
|
Interest |
0.250 |
0.450 |
0.450 |
0.450 |
0.450 |
|
Operating Profit after Interest |
3.069 |
6.554 |
7.123 |
8.754 |
16.703 |
|
Net of non operating income/ expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit before tax |
3.069 |
6.554 |
7.123 |
8.754 |
16.703 |
|
Provision for Tax |
0.153 |
0.305 |
0.396 |
0..513 |
0.663 |
|
PAT |
2.916 |
6.250 |
6.728 |
8.241 |
16.040 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
deposits (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.00 |
|
Interest |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
DSCR (for a fall in Op Rev) |
NA |
NA |
NA |
NA |
NA |
|
|
|||||
|
Scenario for a rise in operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
% rise in Op Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Operating Income |
35.788 |
53.683 |
60.586 |
68.399 |
84.027 |
|
Cost of Sales + SGA (shocked upwards) |
32.469 |
46.678 |
53.012 |
59.195 |
66.873 |
|
Operating Profit before Interest |
3.319 |
7.004 |
7.573 |
9.204 |
17.153 |
|
Interests |
0.250 |
0.450 |
0.450 |
0.450 |
0.450 |
|
Operating Profit after Interest |
3.069 |
6.554 |
7.123 |
8.754 |
16.703 |
|
Net of non operating income/ expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit before tax |
3.069 |
6.554 |
7.123 |
8.754 |
16.703 |
|
Provision for tax |
0.153 |
0.305 |
0.396 |
0..513 |
0.663 |
|
PAT |
2.916 |
6.250 |
6.728 |
8.241 |
16.040 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
deposits (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.00 |
|
Interest |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
DSCR (for a rise in Op Expense) |
NA |
NA |
NA |
NA |
NA |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
GAUTAM SAHDEV
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the
Property with survey No./ door No. etc. |
2, Amar Niketan,
12 J b Nagar, Andheri (East), Mumbai – 400059, |
-- |
|
|
|
|
|
Description:
Land/ Site/ Building |
Flat |
-- |
|
|
|
|
|
Whether
Freehold/ Leasehold |
Building on
Leasehold Plot |
-- |
|
|
|
|
|
Type of Property
(Commercial/
Residential/ Agricultural) |
Residential |
-- |
|
|
|
|
|
Area/ extent of
Land |
975 Sq. Ft.
Built Up |
-- |
|
|
|
|
|
Present Market Assessed Value |
50% Rs.5.608 Millions |
50% Rs.5.606 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the
company/ Firm/ Concern in which investment is made |
Amus Corporation
|
-- |
|
|
|
|
|
Present Value of deposits |
Rs.1.903 Millions |
-- |
DEPOSIT
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Banks/ Company where deposits are held |
HDFC, |
|
|
|
|
|
|
Date of deposits
|
1999-2000 |
-- |
|
|
|
|
|
Nature of
Deposits |
Fixed |
-- |
|
|
|
|
|
Present Value of Deposits |
Rs.0.051 Million |
-- |
GOVERNMENT
SECURITY / NSC/ NSS ETC
|
Description |
NSC |
-- |
|
|
|
|
|
Face Value |
0.055 |
-- |
|
|
|
|
|
Present Value of Securities |
Rs.0.080 Million |
-- |
SHARES/
DEBENTURES/ MUTUAL FUNDS / UNITS ETC.
|
Description |
-- |
Mutual Funds |
|
|
|
|
|
Date of
Purchases |
-- |
2007-2008 |
|
|
|
|
|
Present Value |
-- |
Rs.2.000 Millions |
LIFE
INSURANCE POLICIES
|
Policy Numbers |
LIC |
--- |
|
|
|
|
|
Surrender Value |
Rs.0.370 Millions |
-- |
VEHICLES
VALUE
|
Model/ Make |
Maruti Zen |
GMC |
|
|
|
|
|
Date of
Purchases |
May 2003 |
-- |
|
|
|
|
|
Whether
Hypothecated for loan |
No |
-- |
|
|
|
|
|
Details of Loan
against vehicles |
NA |
-- |
|
|
|
|
|
Present Market Value |
Rs.0.150 Million |
Rs.0.590 Million |
OTHER
ASSETS
|
Furniture and
Fixtures |
0.009 |
-- |
|
|
|
|
|
Cash in Hand |
0.409 |
-- |
|
|
|
|
|
Jewellery |
0.075 |
1.075 |
|
|
|
|
|
Other assets is
any |
0.090 |
-- |
|
|
|
|
|
Total Value of Other Assets |
Rs.0.583 Million |
Rs.1.075 Millions |
|
TOTAL ASSETS |
RS.8.745 MILLIONS |
RS.9.271 MILLIONS |
|
TOTAL LIABILITIES |
RS.8.745 MILLIONS |
RS.9.271 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
PART
– I (QUESTIONNAIRE)
GENERAL
INFORMATION
|
Purpose for Which Valuation Made |
To assess the Fair Market Value for the purpose of collateral
Security/ availing Credit Facility from Corporation Bank, HUB Branch. |
|
|
|
|
Date on which Visit made |
17th Aug. 2007 |
|
|
|
|
Name of the owner /owners |
Mr. Paramjit / Mr. Gautam R. Sehdev |
|
|
|
|
If the property is under joint ownership co-ownership, share of each
owner, Is the share undivided |
Ownership as per agreement Dated 11.8.89/ 8.6.2001 Share Certificate
not issued. |
|
|
|
|
Brief description of the property. |
The said property consists of Res. Premises at Gr. Floor, Flat No. 02,
Amar Niketan Bldg at Rajasthan CHS Limited |
|
|
|
|
Location, Street, Ward No. |
J.B Nagar, Plot No. 12, |
|
|
|
|
Survey/ Plot No. of Land |
S. No. 38 H No.60 CTS No. 263 At Village Kondivita Tal-Andheri |
|
|
|
|
It the Property Situated in residential/ : Commercial / mixed / industrial area |
Situated in Mixed Area |
|
|
|
|
Classification of locality — high class / middle class/ poor class. |
Higher Middle Class |
|
|
|
|
Proximity to civic amenities like schools offices, hospitals, market,
cinemas, etc. |
Available at about 1 to 2 km distance. Railway Station, Andheri (E) at
3 km distance. |
|
|
|
|
Means and proximity to surface Communication by which the locality is
Served. |
Autos, Buses, Taxis and suburban railway service available |
|
|
|
|
LAND |
|
|
Area of land supported by documentary |
Residential Premises at Gr. Floor, Flat No. 02, Amar Niketan Bldg, at
Rajasthan CHS Limited Admeasuring Carpet Area 730 sq ft (actual) and Built up area 949 sq ft
as per my opinion. and Carpet area 700 sq ft as per agreement. |
|
|
|
|
Roads or lanes on which land is abutting |
|
|
|
|
|
Is it freehold or lease land |
|
|
|
|
|
If lease-hold the name of lessors/ lessee, nature of lease, date of
commencement and termination of lease and terms of renewal of lease |
NA |
|
|
|
|
Is there any restrictive covenant in regard to use of land? It so, attach
copy of covenant. |
Not Known |
|
|
|
|
Are there any agreement of easement, if so, attach copies. |
Not Known |
|
|
|
|
Does the land fall in area included in town lanning scheme or any development
of Govt. of any statutory body? If so, give particulars |
Falls within limits of MCGM Taluka — Andheri |
|
|
|
|
Has any contribution been made towards development or is any
contribution still outstanding? |
Surrounded by compound wall and gates |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner occupied, tenant, or both |
Owner Occupied (Residential Flat) |
|
|
|
|
What is F. S. I. permissible and percentage actually utilized? |
Not Known |
|
|
|
|
RENTS |
|
|
Give details of water and electricity charges if any to be borne by
the owner. |
Borne by Owner. |
|
|
|
|
If a pump is installed, who has to bear the cost. |
Cost borne by the owner |
|
|
|
|
Who has to bear the cost of electricity for lighting of common space
like entrance, hall stairs, passages, compounds etc. |
Maintained by owner and cost borne by owner. |
|
|
|
|
What is the amount of property tax? Who to bear it? Give details with documentary
proof |
Included in society maintenance charges and borne by Owner |
|
|
|
|
Is the building insured? If so, give policy No. amount for which it is
assured and the annual premium |
Not Known |
|
|
|
|
SALES |
|
|
Give instance of sale of immovable property in the locality on a
separate sheet, including the name and address of the property, registration
No. sale price and area land sold. Land rate / adopted in this valuation |
The Fair Market Value Of the said Property is assessed from the market
survey and inquiry from Local Estate Agents. The said flat is at Gr. floor, Bldg is 17 Years old. |
|
|
|
|
If sale instances are not available or relied upon the basis of
arriving at the land rate |
Considering the above factors the Fair Market Value of said Premises
is as follows The carpet area 700 sq ft @Rs.7200/- = Rs.5.040 Millions |
|
|
|
|
COST OF
CONSTRUCTION: |
|
|
Year of commencement of construction and year of completion. |
Year 1989-90 |
TECHNICAL
DETAILS FOR THE PREMISES
|
No of floor and height of floor. |
Gr. + 3 Floors having 10’-0 height |
|
|
|
|
Plinth area- floor- wise. (As per is : 3861-1966) |
Residential Premises at Gr. Floor, Flat No. 02, Amar Niketan Bldg, at
Rajasthan CHS Limited Admeasuring Carpet Area 730 sq ft (actual) and Built up area 949 sq ft
as per my opinion. and Carpet area 700 sq ft as per agreement. |
|
|
|
|
Year of construction |
1989-90 |
|
|
|
|
Estimated future life |
Approx. 40 Years |
|
|
|
|
Types of construction- load bearing wall / R.C.C. |
R.C.C. |
|
|
|
|
Types of Foundations. |
R.C.C. |
|
|
|
|
WALLS |
|
|
a) Basement and plinth |
9” thick brick / Stone masonry |
|
b) Super structure above |
9” thick brick masonry |
|
|
|
|
Partitions |
6” thick brick masonary |
|
|
|
|
Door and windows (Floor — wise) |
Wooden frame, flush doors and aluminium windows |
|
|
|
|
Flooring (Floor — wise) |
|
|
|
|
|
Finishing (Floor — wise) |
Sand face cement plaster externally and neeru cement plaster
internally. |
|
|
|
|
Roofing and terracing |
R.C.C. flat roof |
|
|
|
|
Special architectural or decorative features if any.: |
Not Provided |
|
|
|
|
a) Internal wiring- surface or conduit. |
Conduit |
|
b) Class of fittings superior / ordinary / poor |
Average Quality |
|
|
|
|
a) Sanitary installations. |
WC/Bath Provided |
|
b) Class of fittings superior coloured/ superior white /ordinary |
Average Quality |
|
|
|
|
Compound wall |
Masonary Wall provided with Gates |
|
|
|
|
No. of lifts and capacity. |
Nil |
|
|
|
|
Underground sump. |
Provided. |
|
1. Capacity |
As per MCGM regulations |
|
2. Type of construction |
R.C.C. |
|
|
|
|
Overhead Tank |
Provided |
|
1. Where located |
On Toilet Block |
|
2. Capacity |
As per MCGM regulations. |
|
3. Type of construction |
R.C.C. |
|
|
|
|
Pumps No. and their horse power |
Provided of adequate capacity. |
|
|
|
|
Roads and paving within the compound, approx area, type of paving. |
Concrete Coba Paving |
|
|
|
|
Sewage disposal / whether connected to public sewers. If septic tanks
provided, no. and capacity. |
Connected to Public server |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Fouz Chemicals Company
· Al – Amoudi Chemicals
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Computers
· Furniture and Fixtures
· Motor Vehicles
· Gold Coins
· T V Fridge and DVD Player
·
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.44.52 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.64.41 |
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.