MIRA
INFORM REPORT
|
Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHIV DAYAL SACHDEVA |
|
|
|
|
Registered
Office : |
H. No. 20/358, Gali No. 6, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
1995 (Year of Establishment) |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Government Contractor. |
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 government contractor. Trade relations are
reported as fair. The valuation report and networth statement provided seems to
be satisfactory. 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) |
|
|
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. Sanjeev Sachdeva |
|
Designation : |
Assistant |
|
Contact No.: |
91-9416183157 |
|
Date : |
25.04.2011 |
LOCATIONS
|
Registered Office/ Factory : |
H. No. 20/358, Gali No. 6, Begu Road, Sirsa, Haryana, India |
|
Tel. No.: |
91-1666-245559 |
|
E-Mail : |
|
|
Area : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Shivdayal Sachdeva |
|
Designation : |
Proprietor |
|
Address : |
H. No. 20/358, Gali No. 6, Begu Road, Sirsa, Haryana, India |
|
Experience : |
16 Years |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Sachdeva |
|
Designation : |
Assistant |
BUSINESS DETAILS
|
Line of Business : |
Government Contractor. |
GENERAL INFORMATION
|
No. of Employees : |
Approximately 4 |
||||||||
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||||||||
|
Bankers : |
Corporation Bank, Sirsa Branch |
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||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Ashok Singal Chartered Accountant |
|
Address : |
49A, First Floor, Bishnoi Market, Hissar Road, Gandhi Market,
Sirsa-125055, Haryana, India |
|
Tel. No.: |
91-1666-226653/ 223768 |
|
Mobile No.: |
91-9896299553 |
CAPITAL STRUCTURE
As on 31.03.2010
(Rs.
in Millions)
|
PARTICULARS |
AMOUNT |
AMOUNT |
|
Opening Balance |
|
1.767 |
|
Add: Plot Transferred from Personal Account |
|
0.240 |
|
Salary from Post Office |
|
0.076 |
|
Interest on FDR |
|
0.000 |
|
Net Profit |
|
0.347 |
|
|
|
2.430 |
|
Less: Tution Fee Paid |
0.029 |
|
|
Miscellaneous Withdrawals |
0.130 |
|
|
Postal Life Insurance |
0.013 |
0.172 |
|
Closing Balance |
|
2.258 |
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 |
2.258 |
1.767 |
1.523 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.258 |
1.767 |
1.523 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.568 |
0.222 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.568 |
0.222 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.826 |
1.989 |
1.523 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.614 |
0.440 |
0.518 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.055 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1.080
|
1.140 |
0.952 |
|
|
Cash & Bank Balances |
0.597
|
0.174 |
0.048 |
|
|
Other Current Assets |
1.210
|
1.154 |
0.911 |
|
|
Loans & Advances |
0.018
|
0.040 |
0.057 |
|
Total
Current Assets |
2.905
|
2.508 |
1.968 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.462
|
|
|
|
|
Other Current Liabilities |
|
0.443 |
0.645 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
0.748
|
0.959 |
0.963 |
|
|
Net Current Assets |
2.157
|
1.549 |
1.005 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.826 |
1.989 |
1.523 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross Receipts) |
6.925 |
5.617 |
6.908 |
|
|
|
Other Income |
0.000 |
0.009 |
0.000 |
|
|
|
TOTAL |
6.925 |
5.626 |
6.908 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Power and Fuel (Generator and Diesel) |
0.049 |
0.000 |
0.000 |
|
|
|
Material Purchase |
3.197 |
2.864 |
4.417 |
|
|
|
Salaries |
0.264 |
0.150 |
0.060 |
|
|
|
Interest |
0.022 |
0.004 |
0.002 |
|
|
|
Repair and Maintenance |
0.026 |
0.003 |
0.003 |
|
|
|
Other Expenses |
2.953 |
2.240 |
2.021 |
|
|
|
TOTAL |
6.511 |
5.261 |
6.503 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.414 |
0.365 |
0.405 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.066 |
0.078 |
0.056 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.348 |
0.287 |
0.349 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.03
|
5.10 |
5.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.03
|
5.11 |
5.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.89
|
9.74 |
14.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.16 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.58
|
0.67 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.88
|
2.62 |
2.04 |
LOCAL AGENCY FURTHER INFORMATION
DUE
DILIGENCE REPORT
|
Details of Fixed Assets ·
Land and Building ·
Plant and Machinery ·
Furniture and Fixtures ·
Other Assets |
-- -- Indica Car |
PERSONAL ASSETS OF
THE PROPRIETOR
|
Name |
Description of
the Assets owned by them |
Amount Rs.
in Millions |
Whether
offered as security |
|
Shiv Dayal Sachdeva |
H. No. 20/358, Preet Nagar, Gali No. 6, Sirsa |
3.328 |
Yes |
-----------------------------------------------------------------------------------------------------------------------------
PROPERTY
VALUATION REPORT
|
I. GENERAL
INFORMATION |
|
|
Name of the Party/ purchaser
and address (with Door No. and Survey No.): |
Mr. Shiv Dayal S/o Mr. Milawa Ram |
|
|
|
|
Name of the reported owner/ Name/s of persons in whose name/s the
property registered and address |
Mr. Shiv Dayal S/o Mr. Milawa Ram |
|
|
|
|
Purpose of Valuation |
For Bank Finance |
|
|
|
|
List of Document produced for perusal |
|
|
|
|
|
Date of Inspection |
11.12.2010 |
|
|
|
|
Date of Valuation |
13.12.2010 |
|
|
|
|
Approximate distance form the branch to the property |
Tow kmt. |
|
|
|
|
Situation/ location/ brief description of the land/ site and brief
description of the building |
House is situated in Gali No. 6, Preet Nagar, |
|
|
|
|
Boundaries of the property |
East: Street 55’ West: Hous of Mr. Amar Nath 55’ North: Street 39’7” South: House of Mr. Nand Lal 39’7” |
|
|
|
|
Assuming the entire property is let out, the probable monthly rent and
advance building rent |
Constructed house |
|
|
|
|
II. VALUATION DETAILS |
|
|
A. LAND |
|
|
The Total Area (Extent) of the site/ land |
242 sqyd. |
|
|
|
|
Description of the Site/ Land |
House is situated in Gali No. 6, |
|
|
|
|
Character of locality |
Good |
|
|
|
|
Classification |
Good |
|
|
|
|
Development of surrounding areas |
Yes |
|
|
|
|
Is the locality subjected to frequent flooding |
No |
|
|
|
|
Feasibility to the civic amenities like school, Hospital, offices,
markets etc. |
Yes |
|
|
|
|
Shape of the land |
Rectangular |
|
|
|
|
Type of use to which it can be put |
Rectangular |
|
|
|
|
Nature of right, weather leasehold freehold |
Freehold |
|
|
|
|
Road Facility |
Yes |
|
|
|
|
Is it a corner plot |
Yes |
|
|
|
|
Water Supply/ Potentiality |
Yes |
|
|
|
|
Underground sewerage system |
Yes |
|
|
|
|
Any other sentimental/ social issue which may affect the value |
No |
|
|
|
|
Prevailing unit market rate |
Rs. 8500/- per sqyd. |
|
|
|
|
Prescribed rate by the local authority |
Rs. 1500/- per sqyd. |
|
|
|
|
Unit rate adopted in this valuation |
Rs. 8000/- per sqyd. |
|
|
|
|
Valuation of the site/ land in Rs. |
Rs. 1.936 Millions |
|
|
|
|
B. BUILDING |
|
|
Type of construction |
A’ Class Construction |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Appearance of the building |
Good |
|
|
|
|
Number of Floors |
Ground Floor |
|
|
|
|
Maintenance of the Building |
Good |
|
|
|
|
Description of the building |
House is situated in Gali No. 6, Preet Nagar, |
|
|
|
|
Foundation |
1st Class Brick Work |
|
|
|
|
Superstructure |
Load bearing walls |
|
|
|
|
Roof |
RCC |
|
|
|
|
Door |
Wooden |
|
|
|
|
Windows |
Wooden |
|
|
|
|
Sanitary Fittings |
Good |
|
|
|
|
Flooring |
Marble |
|
|
|
|
Electricity Supply |
Good |
|
|
|
|
Total Plinth Area |
1740 sq.ft. |
|
|
|
|
Year of Construction |
2010 |
|
|
|
|
Total Life of the building estimated |
50 Years |
|
|
|
|
Covered area (in sqft.) |
1740.00 |
|
|
|
|
Value assessed per sqft. (in Rs.) |
800.00 |
|
|
|
|
Replacement rate of construction with the existing conditions and
specification |
Rs. 1.392 Millions |
|
|
|
|
Present value of the building |
Rs. 1.392 Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs. 1.936 Millions |
|
|
|
|
Valuation of the building |
Rs. 1.392 Millions |
|
|
|
|
Total |
Rs. 3.328 Millions |
|
|
|
|
Or Say |
Rs. 3.328
Millions |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
|
NAME OF THE
APPLICANT |
MR. SHIV DAYAL
SACHDEVA |
|
|
|
|
NAME OF THE GUARANTOR |
MR. SUBHASH
CHANDER |
|
IMMOVABLE
PROPERTIES |
APPLICANT |
GUARANTOR |
|
Address of the property with Survey No./Door No. etc. |
H. No. Gali No. 6, Preet Nagar, |
H. No. 369, Gli No. 06, Preet Nagar, Sirsa |
|
|
|
|
|
Description: Land/ Site/ Building |
Building |
Building |
|
|
|
|
|
Whether freehold/ leasehold |
Freehold |
Freehold |
|
|
|
|
|
Type of property: Commercial/ residential/ agricultural |
Residential |
Residential |
|
|
|
|
|
Mortgaged for availing loan if any, details thereof |
CMTCC 90000 Rs. 0.484 Million |
-- |
|
|
|
|
|
PRESENT MARKET/
ASSESSED VALUE |
Rs. 4.000
MILLIONS |
Rs. 5.000
MILLIONS |
|
|
|
|
|
INVESTMENTS IN
BUSINESS CAPITAL |
||
|
Name of the company/ firm/ concern in which investment is made |
Shiv Dayal Sachdev |
-- |
|
|
|
|
|
PRESENT VALUE OF
THE INVESTMENT |
RS. 2.258
MILLIONS |
-- |
|
|
|
|
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDERS ETC. |
||
|
Name of the Bank/ Company where deposits are held |
Corporation Bank Rs. 0.055 Millions |
-- |
|
|
|
|
|
PRESENT VALUE OF
THE DEPOSITS |
RS. 0.055
MILLIONS |
-- |
|
GOVERNMENT
SECURITIES/ NSC/ NSS ETC. |
||
|
Description |
2011 |
-- |
|
|
|
|
|
Date of Purchase |
22.03.2011 |
-- |
|
|
|
|
|
Face Value |
Rs. 0.050 Million |
-- |
|
|
|
|
|
PRESENT VALUE OF
STATEMENT |
RS. 0.050
MILLION |
-- |
|
|
|
|
|
VEHICLES OWNED |
||
|
Model/ Make |
Indica |
-- |
|
|
|
|
|
Date of Purchase |
2008 |
-- |
|
|
|
|
|
PRESENT MARKET
VALUE |
RS. 0.200
MILLION |
-- |
|
|
|
|
|
OTHER ASSETS |
||
|
Furniture and Fixtures |
Rs. 0.050 Million |
Rs. 0.100 Million |
|
|
|
|
|
Jewellery |
Rs. 0.200 Million |
Rs. 0.200 Million |
|
|
|
|
|
TOTAL VALUE OF OTHER
ASSETS |
RS. 0.250
MILLIONS |
RS. 0.300
MILLION |
|
|
|
|
|
LIABILITIES |
||
|
Name of the Bank/ Institution |
Corporation Bank |
-- |
|
|
|
|
|
Nature/ Type of Loan |
CMTCE |
-- |
|
|
|
|
|
Date of Loan |
2009 |
-- |
|
|
|
|
|
Amount of Loan Availed |
Rs. 0.485 Million |
-- |
|
|
|
|
|
Security offered if any |
Mortgaged of loan |
-- |
|
|
|
|
|
AMOUNT
OUTSTANDING |
RS. 0.485
MILLION |
-- |
----------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
(Rs.
In Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
1. Gross Sales |
|
|
|
i) Domestic Sales |
8.000 |
9.500 |
|
ii) Export Sales |
-- |
-- |
|
iii) Trading Sales |
-- |
-- |
|
iv) Other Income |
-- |
-- |
|
TOTAL |
8.000 |
9.500 |
|
|
|
|
|
2. Less Excise Duty |
|
|
|
Less: Rebate and Discount |
-- |
-- |
|
Total |
8.000 |
9.500 |
|
|
|
|
|
3. Net Sales
(Item 1 – Item 2) |
8.000 |
9.500 |
|
|
|
|
|
4. Percentage rise or fall in net sales as compared to last year |
16% |
19% |
|
|
|
|
|
5. Cost of Sales |
|
|
|
i) Raw materials (including stores and other items used in process of
manufacture) |
|
|
|
a) Imported |
3.800 |
4.525 |
|
b) Indigenous |
3.800 |
4.525 |
|
|
|
|
|
ii) Other Spares |
|
|
|
a) Imported |
-- |
-- |
|
b) Indigenous |
-- |
-- |
|
|
|
|
|
iii) Power and fuel |
0.065 |
0.077 |
|
|
|
|
|
iv) Direct Labour (Factory wages and salary) |
2.675 |
3.175 |
|
|
|
|
|
v) Other manufacturing expenses |
-- |
-- |
|
a) Repair and Maintenance |
-- |
-- |
|
b) Other factory overheads |
-- |
-- |
|
|
|
|
|
vi) Depreciation |
0.057 |
0.049 |
|
|
|
|
|
vii) SUB TOTAL
(i to vi) |
6.597 |
7.826 |
|
|
|
|
|
viii) Add: Opening Stock in process |
-- |
-- |
|
|
|
|
|
ix) Deduct Closing stock in process |
-- |
-- |
|
|
|
|
|
x) Cost of production |
6.597 |
7.826 |
|
|
|
|
|
xi) Add Opening stick of finished goods |
-- |
-- |
|
|
|
|
|
xii) Deduct closing stock of finished goods |
-- |
-- |
|
|
|
|
|
xiii) Sub Total (Total Cost of Sales) |
6.597 |
7.826 |
|
|
|
|
|
6. Selling, General and Administrative Expenses |
1.403 |
1.674 |
|
|
|
|
|
7. SUB TOTAL (5+6) |
0.890 |
0.965 |
|
|
|
|
|
8. Operating Profit before interest (3-7) |
7.487 |
8.791 |
|
|
|
|
|
9. Interest |
0.055 |
0.145 |
|
|
|
|
|
10. Operating profit after Interest (8-9) |
0.458 |
0.564 |
|
|
|
|
|
11. Non Operating Income/ Expenses |
|
|
|
i) Add Other non-operating income |
-- |
-- |
|
a) Miscellaneous income |
-- |
-- |
|
b) Interest income |
-- |
-- |
|
Sub Total (Income) |
-- |
-- |
|
|
|
|
|
ii) Deduct other non-operating expenses |
-- |
-- |
|
a) Preliminary/ Pre operating / other expense written off |
-- |
-- |
|
b) Loss on |
-- |
-- |
|
Sub Total (Expenses) |
-- |
-- |
|
|
|
|
|
iii) Net of other non-operating income/ expenses |
-- |
-- |
|
|
|
|
|
12. Profit before tax/ Loss ( 10+11(iii)) |
0.458 |
0.564 |
|
|
|
|
|
13. Provision for taxes |
-- |
-- |
|
|
|
|
|
14. Net Profit / Loss (12-13) |
0.458 |
0.564 |
|
|
|
|
|
15. Provision for Deferred Tax Assets |
-- |
-- |
|
|
|
|
|
16. Provision for Deferred Tax Liabilities |
-- |
-- |
|
|
|
|
|
17. Profit/ Loss After Deferred Tax (14-15) |
0.458 |
0.564 |
|
|
|
|
|
18. Equity Dividend paid (Amount) |
0.200 |
0.225 |
|
(Already Paid + B.S. Provision) |
|
|
|
|
|
|
|
19. Retained Profit (14-15) |
0.258 |
0.339 |
|
|
|
|
|
20. Rent Profit/ Profit After Deferred Tax (%) |
56% |
60% |
ANALYSIS
OF BALANCE SHEET
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
1. Short term borrowings fro banks (Including bills purchase, discount and excess borrowing placed on
repayment) |
|
|
|
i) From Applicant Bank |
0.485 |
1.500 |
|
ii) From other banks |
-- |
-- |
|
iii) of which bills purchase/ discounted |
-- |
-- |
|
|
|
|
|
Sub Total (A) |
0.485 |
1.500 |
|
|
|
|
|
2. Short term borrowing from others |
-- |
-- |
|
|
|
|
|
3. Sundry Creditors (Trade) |
0.700 |
0.500 |
|
|
|
|
|
4. Advance payment from
customers/ deposits form dealers |
-- |
-- |
|
|
|
|
|
5. Provisions for taxation |
-- |
-- |
|
|
|
|
|
6. Dividend payable |
-- |
-- |
|
|
|
|
|
7. Other Statutory liabilities (due within one year) |
-- |
-- |
|
|
|
|
|
8. Depreciation/ Installment of TL/DPGs/ Deb etc. (Due within one
year) |
-- |
-- |
|
|
|
|
|
9. Other current liabilities and
provision (Due within one year) (Specify Major Items) |
-- |
-- |
|
|
|
|
|
Sub Total (B) |
0.700 |
0.500 |
|
|
|
|
|
10. TOTAL
CURRENT LIABILITIES (Total of 1 to 9 excluding 1(iii)) |
1.185 |
2.000 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11. Debenture (not maturing within 1 year) |
-- |
-- |
|
|
|
|
|
12. Preference Shares (Redeemable after 1 year) |
-- |
-- |
|
|
|
|
|
13. TL (excluding installment payable within one year) |
-- |
-- |
|
|
|
|
|
14. Deferred payment credit (excluding installment due within one
year) |
-- |
-- |
|
|
|
|
|
15. Term Deposits (repayable after 1 year) |
-- |
-- |
|
|
|
|
|
16. Other term Liabilities |
-- |
-- |
|
|
|
|
|
17. TOTAL TERM LIABILITIES |
-- |
-- |
|
|
|
|
|
18. TOTAL
OUTSIDE LIABILITIES (item 10 + Item
17) |
1.185 |
2.000 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
19. Ordinary Share Capital |
1.500 |
1.800 |
|
|
|
|
|
20. General Reserve |
-- |
-- |
|
|
|
|
|
21. Revaluation reserve |
-- |
-- |
|
|
|
|
|
22. Other reserve (excluding provisions) |
-- |
-- |
|
Capital Reserve |
-- |
-- |
|
Share Premium account |
-- |
-- |
|
|
|
|
|
23. Surplus (+)/ Deficit (-) in P and L A/C |
1.026 |
1.365 |
|
Share Application Money |
-- |
-- |
|
|
|
|
|
Deferred tax liabilities |
-- |
-- |
|
|
|
|
|
24. NET WORTH |
2.526 |
3.165 |
|
|
|
|
|
25. TOTAL
LIABILITIES |
3.711 |
5.165 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
26. Cash and Bank Balance |
0.312 |
0.315 |
|
|
|
|
|
27. Investment (Other than long term investment) |
|
|
|
i) Government and other trustee securities |
0.055 |
0.055 |
|
ii) Fixed deposit with banks |
0.055 |
0.055 |
|
|
|
|
|
28. Received other than deferred and exports (including bills purchased
and discounted by banks) |
2.200 |
3.650 |
|
ii) Expenses receivables (including bills purchased and discounted by
banks) |
2.200 |
3.650 |
|
|
|
|
|
29. Installment of deferred
receivables (Due within one year) |
-- |
-- |
|
|
|
|
|
30. Inventory |
|
|
|
i) Raw Material (Including stores and other items used in process of
manufacturer) |
-- |
-- |
|
a) Imported |
-- |
-- |
|
b) Indigenous |
-- |
-- |
|
|
|
|
|
ii) Stock-in-process |
-- |
-- |
|
iii) Finished Goods |
-- |
-- |
|
iv) Other consumables spares |
-- |
-- |
|
a) Imported |
-- |
-- |
|
b) Indigenous |
-- |
-- |
|
|
|
|
|
31. Advance to supplier of Raw Materials and stores and spares |
-- |
-- |
|
|
|
|
|
32. Advance payment of taxes |
0.350 |
0.400 |
|
|
|
|
|
33. Other current assets |
-- |
-- |
|
|
|
|
|
34. TOTAL
CURRENT ASSETS (Total 26 to 33) |
2.917 |
4.420 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. Gross Block (L and B, Machinery and capital work in progress) |
1.050 |
1.050 |
|
|
|
|
|
36. Depreciation to date |
0.256 |
0.305 |
|
|
|
|
|
37. NET BLOCK (35-36) |
0.794 |
0.745 |
|
|
|
|
|
OTHER NON-
CURRENT ASSETS |
|
|
|
|
|
|
|
38. Investment / Book debts/ advances/ depreciation which are not
current assets |
-- |
-- |
|
|
|
|
|
a) Investment in subsidiary company/ affiliates |
-- |
-- |
|
b) Others |
-- |
-- |
|
|
|
|
|
ii) Advance to supplier of capital goods and contractors |
-- |
-- |
|
iii) Deferred domestic receivables |
-- |
-- |
|
iv) Deferred export receivables |
-- |
-- |
|
v) Security Deposits |
-- |
-- |
|
vi) Staff advances |
-- |
-- |
|
|
|
|
|
39. Non- Cons. Stores and spares |
-- |
-- |
|
|
|
|
|
40. Other NCA including dues from directors Deferred tax assets |
-- |
-- |
|
|
|
|
|
41. TOTAL OTHER NON
– CURRENT ASSETS |
-- |
-- |
|
|
|
|
|
42. Intangible Assets (Patents, Goodwill, Preliminary Expenses, Bad/
Doubtful expenses not provided for etc.) |
-- |
-- |
|
|
|
|
|
43. TOT ASSETS (34+37+41+42) |
3.711 |
5.165 |
|
|
|
|
|
44. TAN NET WORTH (24-42) |
2.526 |
3.165 |
|
|
|
|
|
45. NET WORKING CAPITAL [(17+24) – (37+41+42)] |
1.732 |
2.420 |
|
|
|
|
|
46. Current Ratio |
|
|
|
|
2.46 |
2.21 |
|
47. TOT Outstanding Liabilities/ Tangible Networth |
0.47 |
0.63 |
|
|
|
|
|
48. TOT Term Liabilities/ Tangible Net Worth |
|
|
FUND FLOW
STATEMENT
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
SOURCES |
|
|
|
|
|
|
|
Net Profit (After differed tax) |
0.458 |
0.564 |
|
Depreciation |
0.057 |
0.049 |
|
Increase in Capital |
0.010 |
0.300 |
|
Increase in Term Liabilities including public depreciation |
-- |
-- |
|
Decrease in Fixed Assets |
-- |
-- |
|
Depreciation adjustment |
-- |
-- |
|
Other non-current assets |
-- |
-- |
|
Deferred tax liabilities |
-- |
-- |
|
Deferred tax assets |
-- |
-- |
|
Others |
-- |
-- |
|
TOTAL |
0.543 |
0.913 |
|
|
|
|
|
USES |
|
|
|
|
|
|
|
Net Loss |
-- |
-- |
|
Dividend Payment |
0.200 |
0.225 |
|
Decrease in Capital |
0.097 |
-- |
|
Decrease in Term Liabilities including Public Deposit |
0.236 |
-- |
|
Increase in Fixed Assets |
-- |
-- |
|
Depreciation adjustments |
-- |
-- |
|
Other non-current assets |
-- |
-- |
|
Deferred tax liabilities |
-- |
-- |
|
Deferred tax assets |
-- |
-- |
|
Others |
-- |
-- |
|
|
|
|
|
TOTAL |
0.533 |
0.225 |
|
|
|
|
|
VARIATION IN NWC |
0.010 |
-- |
|
|
|
|
|
Long term surplus/ Deficit |
0.010 |
0.688 |
|
Increase/ Decrease in |
[0.025] |
1.503 |
|
Increase/ Decrease in C.L Other than bank borrowings |
[0.049] |
[0.200] |
|
Increase / decrease in W.C. Gap |
0.024 |
1.703 |
|
Net Surplus/ Deficit |
[0.014] |
[1.015] |
|
Increase/ Decrease in Bank Borrowings |
0.014 |
1.015 |
|
Increase/ Decrease in Net Sales |
1.075 |
1.500 |
BREAK EVEN
ANALYSIS
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
Capacity
Utilization |
100.00% |
100.00% |
|
|
|
|
|
|
8.000 |
9.500 |
|
|
|
|
|
Variable
Expenses |
|
|
|
i) Raw Material |
3.800 |
4.525 |
|
ii) Cons. Stores and Spares |
-- |
-- |
|
iii) Power, Water and Fuel |
0.065 |
0.077 |
|
iv) Wages and salary |
2.675 |
3.175 |
|
v) Repairs and maintenance |
-- |
-- |
|
vi) Other factory overheads |
-- |
-- |
|
vii) Selling and Administrative Expenses |
0.890 |
0.965 |
|
viii)l Interest on Working Capital |
0.055 |
0.145 |
|
Total- Variable
expenses |
7.485 |
8.887 |
|
|
|
|
|
Contribution
(A-B) |
0.515 |
0.613 |
|
|
|
|
|
Fixed and Semi-
fixed expenses |
|
|
|
|
|
|
|
i) Power, water and fuel |
-- |
-- |
|
ii) Wages and salary |
-- |
-- |
|
iii) Other factory overheads |
-- |
-- |
|
iv) Depreciation |
0.057 |
0.049 |
|
v) Selling and administrative expenses |
-- |
-- |
|
vi) Interest on Term Loan, Debenture and DPC |
-- |
-- |
|
Total Fixed and Semi-Fixed
Expenses |
0.057 |
0.049 |
|
|
|
|
|
Operating Profit
(C-D) |
0.458 |
0.564 |
|
|
|
|
|
Break- Even Point |
11.07% |
7.99% |
|
|
|
|
|
Cash Break –even Point |
-- |
-- |
SECURITY
MARGIN
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
WDV of Fixed Assets |
0.794 |
0.745 |
|
|
|
|
|
Aggregate TL Outstanding |
-- |
-- |
|
|
|
|
|
Security Margin |
0.794 |
0.745 |
|
|
|
|
|
% of Margin |
100.00% |
100.00% |
FINANCIAL
RATIOS
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
|
Domestic Sales |
8.000 |
9.500 |
|
|
|
|
|
Export Sales |
-- |
-- |
|
|
|
|
|
Other Sales/ Income – E Duty/ Dis. |
-- |
-- |
|
|
|
|
|
1. Net Sales |
8.000 |
9.500 |
|
|
|
|
|
2. Operating Profit |
0.458 |
0.564 |
|
|
|
|
|
3. Profit Before Tax |
0.458 |
0.564 |
|
|
|
|
|
4. PBT/ Net Sales |
5.73% |
5.94% |
|
|
|
|
|
5. Profit After Tax |
0.458 |
0.564 |
|
|
|
|
|
6. Cash Accruals |
0.515 |
0.613 |
|
|
|
|
|
7. PBDIT |
0.570 |
0.758 |
|
|
|
|
|
8. Paid up Capital |
1.500 |
1.800 |
|
|
|
|
|
9. Tangible Net worth |
2.526 |
3.165 |
|
|
|
|
|
10. Adjusted TNW |
2.526 |
3.165 |
|
|
|
|
|
11. TOL/ TNW |
0.47 |
0.63 |
|
|
|
|
|
12. TOL/ Adjusted TNW |
0.47 |
0.63 |
|
|
|
|
|
13. Current Ratio |
2.46 |
2.21 |
|
|
|
|
|
14. NWC |
17.32 |
24.20 |
------------------------------------------------------------------------------------------------------------------------------
Trade References:
·
Shiv Dayal Sachdeva
·
Sanjeev Sachdeva (91-9416183157)
Fixed Assets:
·
Motor Cycle
·
Machinery
·
Miscellaneous Assets
·
Car
·
Tractor
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.44.59 |
|
|
1 |
Rs.73.44 |
|
Euro |
1 |
Rs.64.81 |
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.