MIRA INFORM REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
JYOTI ENGINEERING WORKS |
|
|
|
|
Registered
Office : |
A-107, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
12.03.2007 |
|
|
|
|
Services Tax
No.: |
AGWPD1396CSD002 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AGWPD1396C |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer of Hydraulic Machine, Power Press Concrete Mixture
Machine and also Job Work any type of Machine. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small concern in its field. Trade relations
are reported as fair. The networth statement provided seems to be
satisfactory but it does not have the auditors stamp and sign on it. 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. Manoj Kumar Karna |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9213238657 |
|
Date : |
19.04.2011 |
LOCATIONS
|
Registered Office : |
A-107, Mansaram Park, Uttam Nagar, New Delhi- 110059, India |
|
Mobile No.: |
91-9213597597/ 9810077982 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.1/2, Gali No.1, Behind Primary School, Matiyala Industrial
Area, Uttam Nagar, New Delhi – 110059, India |
|
Tel. No.: |
91-11-25332894 |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. Sharmila Devi |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Kumar Karna |
|
Designation : |
Chartered Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hydraulic Machine, Power Press Concrete Mixture Machine
and also Job Work any type of Machine. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (15 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
8 (Approximately) (Office – 1 and Factory – 7) |
|
|
|
|
Bankers : |
· Corporation Bank Vasant Vihar, · Allahabad Bank Vasant Vihar, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karna Manoj and Company Chartered Accountant |
|
Address : |
T-1, 3rd Floor, Deep Complex, Sharma Market, Sector – 5,
Noida – 201307, |
|
Email : |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
|
|
|
|
Opening Balance |
0.505 |
|
Add: Net profit
during the year |
0.295 |
|
|
0.800 |
|
|
|
|
Less: Drawings |
0.196 |
|
|
|
|
Total |
0.604 |
------------------------------------------------------------------------------------------------------------------------------
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 |
0.604 |
0.506 |
0.399 |
|
|
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 |
0.604 |
0.506 |
0.399 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.604 |
0.506 |
0.399 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.047 |
0.053 |
0.061 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.662
|
0.312 |
0.090 |
|
|
Sundry Debtors |
0.487
|
0.252 |
0.269 |
|
|
Cash & Bank Balances |
0.038
|
0.047 |
0.073 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
1.187
|
0.611 |
0.432 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.526
|
0.112 |
0.055 |
|
|
Other Current Liabilities |
0.104
|
0.046 |
0.039 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.630
|
0.158 |
0.094 |
|
|
Net Current Assets |
0.557
|
0.453 |
0.338 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.604 |
0.506 |
0.399 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3.658 |
2.514 |
1.912 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
3.658 |
2.514 |
1.912 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2.315 |
1.622 |
1.227 |
|
|
|
Labour and Wages Expenses |
0.370 |
0.275 |
0.221 |
|
|
|
Electricity Expenses |
0.078 |
0.017 |
0.013 |
|
|
|
Freight and Cartage Expenses |
0.020 |
0.008 |
0.007 |
|
|
|
Business Promotion |
0.045 |
0.025 |
0.021 |
|
|
|
Conveyance Expenses |
0.088 |
0.036 |
0.034 |
|
|
|
Salary |
0.339 |
0.180 |
0.140 |
|
|
|
Printing and Stationery |
0.020 |
0.007 |
0.006 |
|
|
|
Telephone Expenses |
0.021 |
0.016 |
0.012 |
|
|
|
Other Expenses |
0.060 |
0.028 |
0.025 |
|
|
|
TOTAL (B) |
3.356 |
2.214 |
1.706 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.302 |
0.300 |
0.206 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.302 |
0.300 |
0.206 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.007 |
0.009 |
0.010 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.295 |
0.291 |
0.196 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
8.06
|
11.58 |
10.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.06
|
11.58 |
10.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.91
|
43.83 |
39.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.58 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.04
|
0.31 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88
|
3.87 |
4.60 |
LOCAL AGENCY FURTHER INFORMATION
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
|
(Provisional) |
(Projections) |
||
|
|
|
|
||
|
Gross Income |
|
|
|
|
|
Domestic Sales |
6.000 |
7.500 |
8.500 |
10.000 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
6.000 |
7.500 |
8.500 |
10.000 |
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net Sales |
6.000 |
7.500 |
8.500 |
10.000 |
|
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
64.02 |
25.00 |
13.33 |
17.65 |
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
Hire Charges (Including Stores and Other Item use) |
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
|
Indigenous |
3.797 |
4.746 |
5.379 |
6.329 |
|
|
|
|
|
|
|
Other Spares |
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
|
Indigenous |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Power and Fuel |
0.130 |
0.162 |
0.184 |
0.216 |
|
Direct Labour (Factory, wages and salaries) |
0.607 |
0.759 |
0.860 |
1.011 |
|
Other Manufacturing Expenses |
0.033 |
0.041 |
0.046 |
0.055 |
|
Depreciation |
0.006 |
0.005 |
0.005 |
0.004 |
|
|
|
|
|
|
|
Sub – Total |
4.573 |
5.715 |
6.474 |
7.615 |
|
|
|
|
|
|
|
Add: Opening Stocks in Process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Total |
4.573 |
5.715 |
6.474 |
7.615 |
|
|
|
|
|
|
|
Deduct: Closing Stocks in Process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Cost of
Production |
4.573 |
5.715 |
6.474 |
7.615 |
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub Total |
4.573 |
5.715 |
6.474 |
7.615 |
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
4.573 |
5.715 |
6.474 |
7.615 |
|
|
|
|
|
|
|
General, Administrative and selling Expenses |
0.600 |
0.760 |
0.800 |
0.950 |
|
|
|
|
|
|
|
Sub- Total |
5.173 |
6.475 |
7.274 |
8.565 |
|
|
|
|
|
|
|
Operating Profit before interests |
0.827 |
1.025 |
1.226 |
1.435 |
|
|
|
|
|
|
|
Interests |
0.121 |
0.121 |
0.121 |
0.121 |
|
|
|
|
|
|
|
Operating Profit after Interests |
0.707 |
0.905 |
1.105 |
1.315 |
|
|
|
|
|
|
|
Add: Other Non-Operating Income |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Deduct: Other Non-Operating Expenses |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Net of other non-operating
income/ expenses |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Profit before tax |
0.707 |
0.905 |
1.105 |
1.315 |
|
|
|
|
|
|
|
Provision for taxes |
0.060 |
0.079 |
0.165 |
0.207 |
|
|
|
|
|
|
|
Net Profit/ loss |
0.648 |
0.825 |
0.941 |
1.108 |
|
|
|
|
|
|
|
Equity Dividend Paid |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Dividends Rate |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Retained Profit/ Net Profit (% age) |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
BALANCE
SHEET
(RS. IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
|
(Estimated) |
(Projected) |
||
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
|
|
- From Applicant Bank |
1.000 |
1.000 |
1.000 |
1.000 |
|
- From Other Banks |
-- |
-- |
-- |
-- |
|
(Of which BP and BD) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub Total (A) |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
Short Term borrowing- others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Creditors |
0.345 |
0.431 |
0.489 |
0.575 |
|
|
|
|
|
|
|
Current Liabilities |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Security Deposits and Payable to Dealers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Provision for taxation |
0.060 |
0.079 |
0.165 |
0.207 |
|
|
|
|
|
|
|
Other Current Liabilities |
0.068 |
0.084 |
0.096 |
0.113 |
|
|
|
|
|
|
|
SUB TOTAL (B) |
0.472 |
0.595 |
0.750 |
0.895 |
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
1.472 |
1.595 |
1.750 |
1.895 |
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Debentures |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Creditors for Capital Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Term Loan |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Deferred sales Tax liabilities |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Term Deposits |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other Term Liabilities |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
1.472 |
1.594 |
1.750 |
1.895 |
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
Ordinary Share Capital |
0.203 |
0.203 |
0.203 |
0.203 |
|
|
|
|
|
|
|
Loan from Directors and Share Holders |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Share Application Money |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Deferred Tax Liability |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Reserve and Surplus |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
0.948 |
1.614 |
2.204 |
2.963 |
|
|
|
|
|
|
|
TOTAL NET WORTH |
1.151 |
1.817 |
2.407 |
3.166 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
2.623 |
3.412 |
4.158 |
5.061 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash and bank balances |
0.100 |
0.100 |
0.100 |
0.150 |
|
|
|
|
|
|
|
Investment |
-- |
-- |
-- |
-- |
|
Receivables |
0.721 |
1.015 |
1.281 |
1.619 |
|
- Domestic Receivables |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
- Imported |
-- |
-- |
-- |
-- |
|
- Indigenous |
1.705 |
2.184 |
2.583 |
3.059 |
|
|
|
|
|
|
|
Stock in Process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other Consumable Spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Advances to suppliers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Advance Payment of Taxes |
0.060 |
0.079 |
0.165 |
0.207 |
|
|
|
|
|
|
|
Other Current Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
2.585 |
3.377 |
4.129 |
5.036 |
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
0.072 |
0.072 |
0.072 |
0.072 |
|
|
|
|
|
|
|
Depreciation to date |
0.033 |
0.039 |
0.044 |
0.048 |
|
|
|
|
|
|
|
Net Block |
0.039 |
0.033 |
0.028 |
0.024 |
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Long term investments (In Subsidiaries) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other non Current assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Total other non
Current Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Intangible Assets |
- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL ASSETS |
2.624 |
3.411 |
4.158 |
5.060 |
|
|
|
|
|
|
|
Tangible Net worth |
1.151 |
1.817 |
2.407 |
3.166 |
|
|
|
|
|
|
|
Net Working Capital |
1.112 |
1.784 |
2.379 |
3.141 |
|
|
|
|
|
|
|
Current Ratio |
1.76 |
2.12 |
2.36 |
2.66 |
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net worth |
1.28 |
0.88 |
0.73 |
0.60 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
|
(Estimated) |
(Projected) |
||
|
|
|
|
||
|
Total Current Assets |
2.585 |
3.377 |
4.129 |
5.036 |
|
|
|
|
|
|
|
Other Current Liabilities (other than bank borrowing) |
0.472 |
0.595 |
0.750 |
0.895 |
|
|
|
|
|
|
|
Working capital gap [WCG] |
2.113 |
2.783 |
3.380 |
4.141 |
|
|
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
0.528 |
0.696 |
0.845 |
1.035 |
|
|
|
|
|
|
|
Actual/ Projected net working capital |
1.112 |
1.784 |
2.379 |
3.141 |
|
|
|
|
|
|
|
Item 3 minus item 4 |
1.585 |
2.087 |
2.535 |
3.105 |
|
|
|
|
|
|
|
Item 3 minus item 5 |
1.000 |
0.999 |
1.000 |
1.000 |
|
|
|
|
|
|
|
Maximum permissible bank finance |
1.000 |
0.999 |
1.000 |
1.000 |
|
|
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
(0.584) |
(1.089) |
(1.534) |
(2.106) |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
|
(Estimated) |
(Projected) |
||
|
|
|
|
||
|
A CURRENT ASSETS |
|
|
|
|
|
Raw Materials |
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
|
Month’s Consumption |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
1.705 |
2.184 |
2.583 |
3.059 |
|
Month’s Consumption |
5.39 |
5.52 |
5.76 |
5.80 |
|
|
|
|
|
|
|
Other consumable spares |
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
|
Month’s Consumption |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
-- |
-- |
-- |
-- |
|
Month’s Consumption |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
-- |
|
Month’s cost of Production |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Finished goods |
-- |
-- |
-- |
-- |
|
Months cost of sales |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
0.721 |
1.015 |
1.281 |
1.619 |
|
(Month’s Domestic Sales) |
1.44 |
1.62 |
1.81 |
1.94 |
|
|
|
|
|
|
|
Export receivables [including bills purchased
and discounted by bankers months export sales] |
-- |
-- |
-- |
-- |
|
(Month’s Exports Sales) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Tax Paid in Advance |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Advances to suppliers of raw materials and stores/
spares consumable |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.160 |
0.179 |
0.265 |
0.357 |
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
2.585 |
3.377 |
4.129 |
5.036 |
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
[Other than bank borrowing for working capital] |
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.345 |
0.431 |
0.489 |
0.575 |
|
(Month’s Purchases) |
0.86 |
0.99 |
1.02 |
1.01 |
|
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Statutory Liabilities |
0.060 |
0.079 |
0.165 |
0.207 |
|
|
|
|
|
|
|
Other Current Liabilities |
0.068 |
0.084 |
0.096 |
0.113 |
|
|
|
|
|
|
|
TOTAL |
0.472 |
0.595 |
0.750 |
0.895 |
|
|
|
|
|
|
|
Working Capital |
|
|
|
|
|
|
|
|
|
|
|
Actual/ Projected Bank Borrowings for W/c Excl. L/C Utilised |
|
|
|
|
|
|
|
|
|
|
|
Total Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Net Working Capita |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
2012-13 |
2013-14 |
|
|
(Estimated) |
(Projected) |
||
|
SOURCES |
|
|
|
|
|
|
|
|
|
|
|
Net profit After Tax |
0.648 |
0.825 |
0.941 |
1.108 |
|
|
|
|
|
|
|
Depreciation |
0.006 |
0.005 |
0.005 |
0.004 |
|
|
|
|
|
|
|
Increase in Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase in Term Liability |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL SOURCES |
0.654 |
0.831 |
0.944 |
1.112 |
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Decrease in Term Liability |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase in |
|
|
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL USES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
0.653 |
0.831 |
0.944 |
1.112 |
|
|
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
1.443 |
0.785 |
0.918 |
0.918 |
|
|
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
0.472 |
0.123 |
0.154 |
0.145 |
|
|
|
|
|
|
|
Increase/ decrease Working Capital Gap |
1.554 |
0.670 |
0.597 |
0.761 |
|
|
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
(0.901) |
0.161 |
0.349 |
0.000 |
|
|
|
|
|
|
|
Increase/ decrease in Bank Borrowings |
1.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INCREASE/ DECREASE
IN NET SALES |
2.342 |
1.500 |
1.000 |
1.500 |
|
|
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Raw Materials |
1.043 |
0.479 |
0.399 |
0.476 |
|
|
|
|
|
|
|
Increase/ Decrease in Consumable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/ Decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
|
|
Domestic |
0.234 |
0.294 |
0.266 |
0.338 |
|
Export |
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Other current Assets |
0.167 |
0.013 |
0.252 |
0.104 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME
(RS.
IN MILLIONS)
|
PARTICULARS
|
2010-11 |
|
|
|
|
|
|
Profit and Gains
of Business or profession |
|
|
|
Net Profit/ Loss as per Profit and Loss Account |
|
0.295 |
|
|
|
|
|
GROSS TOTAL INCOME |
|
0.295 |
|
|
|
|
|
Deductions
Chapter VIA |
|
|
|
80 C |
|
|
|
Investment |
|
0.100 |
|
|
|
|
|
TOTAL INCOME |
|
0.195 |
|
|
|
|
|
Tax on above |
0.000 |
|
|
Add: Education Cess |
0.000 |
|
|
|
0.000 |
|
|
Add: Interests |
|
|
|
Us 234 A |
0.000 |
|
|
Net Tax |
0.001 |
|
|
|
|
|
|
Tax Paid |
0.001 |
|
|
|
|
|
|
Net Tax |
Nil |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MRS.
SHARMILA DEVI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Address of the property with survey No./ Door No. etc. |
Khasra No.900,
A-135 A, Gulab Bagh, Khasra No. 901,
A-138, Gulab Bagh, |
|
|
|
|
Description: Land/ Site/ Building
|
Building |
|
|
|
|
Whether Freehold / Leasehold |
Freehold |
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential |
|
|
|
|
Area/ Extent of Land |
450 sq. ft. +
900 sq. ft. |
|
|
|
|
Mortgaged for Availaing Loan is any, details thereof |
NA |
|
|
|
|
Present Market
Assessed Value |
Rs.5.000 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in
which investment is made |
Jyoti
Engineering Works |
|
|
|
|
Date of Investment |
12 March |
|
|
|
|
Present
Value of Investment |
Rs.0.600 Million |
DEPOSIT
HELD WITH BANK/ COMPANIES/ OTHER LEANDER ETC.
|
Name of the Bank/ company where deposits are held |
Corporation Bank
Palm |
|
|
|
|
Nature of deposits |
Fixed |
|
|
|
|
Present Value of
deposits |
Rs.0.100 Million |
LIFE
INSURANCE POLICY
|
Policy Numbers |
124906281 /
124906280 |
|
|
|
|
Date of Policy |
30.06.2010 /
30.06.2010 |
|
|
|
|
Type of Policy (Endowment / whole Life etc.) |
Market Plus /
Market Plus |
|
|
|
|
Annual Premium |
Single Premium
Rs.0.090 Million Single Premium
Rs.0.060 Million |
|
|
|
|
Surrender Value |
Rs.0.200 Million |
OTHER
ASSETS
|
Furniture and Fixtures |
0.025 |
|
|
|
|
Cash in Hand |
0.015 |
|
|
|
|
Jewellery |
0.200 |
|
|
|
|
Plant and Machinery |
0.500 |
|
|
|
|
Other assets if any |
0.015 |
|
|
|
|
Total Value of
Other Assets |
Rs.0.755 Million |
|
TOTAL ASSETS |
RS.6.655 MILLIONS |
|
NET WORTH |
RS.6.655 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· J. M. K. Engineering (Private) Limited
· Garg Steel Mayapuri
· C. M. Tiles
· Balaji Tiles
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 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.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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.