MIRA
INFORM REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
AUM IMPEX |
|
|
|
|
Registered
Office : |
Shop No 1, Tribhuvan Apartment, Dadabhai Road, Vile Parle (West),
Mumbai – 400056, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.01.2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.492 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AARFA0313P AAMFA3808Q |
|
|
|
|
IEC No.: |
0310004446 |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Importer and Exporter of Plastic Material Scrap and Electronic Goods
etc. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
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 : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new Partnership Concern establishing itself gradually.
Trade relations are reported as fair. Business is active. The valuation
report and networth statement provided seems to be satisfactory. Payment
terms are unknown. However, it would be take advisable securities while dealing with
subject. Subject was originally established in the year 2006 as a partnership
concern. Later in the year 2010, one of the partner was left and the concern
has changed its partnership deed and reconstitute the new partnership
concern. |
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. Ajay Shashikant Sanghavi |
|
Designation : |
Partner |
|
Contact No.: |
91-9322139711 |
|
Date : |
03.08.2011 |
LOCATIONS
|
Registered Office : |
Shop No 1, Tribhuvan Apartment, Dadabhai Road, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Factory 1: |
Gala No.D2, Khan Compound, Near Government Agricultural Nursury,
Village Pelhar, Vasai (East), Thane, Maharashtra, India |
|
Tel. No.: |
91-22-26703194 |
|
Fax No.: |
91-22-26711722 |
|
Location : |
Rented |
|
|
|
|
Factory 2: |
Gala No.1, Q-1, Khan Industrial Estate, Near Government Nursury,
Western Express Highway, Pelhar, Vasai (East), District Thane – 401208,
Maharashtra, India |
|
|
|
|
Factory 3: |
8 Kirti Sagar Industrial Estate, Sagar Industrial Complex, Chinchpada,
Vasai (East), District Thane – 401208, Maharashtra, India |
PARTNERS
|
Name : |
Mrs. Hema Nitin Mehta |
|
Designation : |
Partner |
|
Address : |
11, Yogesh Building, Bapubhai Vashi Road, Vile Parle (West), Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
23.01.1952 |
|
Qualification : |
S. Y. Arts. |
|
|
|
|
Name : |
Mr. Ajay Shashikant Sanghavi |
|
Designation : |
Partner |
|
Address : |
A-21, Gaurang – A – CHS, Sarojini Naidu Road, Kandivali (West), Mumbai
– 400067, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1965 |
|
Qualification : |
SSC |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Importer and Exporter of Plastic Material Scrap and Electronic Goods
etc. |
|
|
|
|
Exports : |
|
|
Products : |
Plastic Scraps, Regrind, PP, HD, LD etc. |
|
Countries : |
· Hong Kong · Korea · USA |
|
|
|
|
Imports : |
|
|
Products : |
Plastic Scraps |
|
Countries : |
USA |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (60 to 90 days) |
|
|
|
|
Purchasing : |
L/C, Credit (90 days) |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Reprocessed Plastic Granules |
Tons |
1000 |
600 |
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
· Bombino Express Limited · Chawala Freight Charges · D P Gosar and Company · Reza Roadlines · Sureway Shiping solutions · Venus Shipping Agency · Kunal Export · Sanghvi Polyfil Private Limited · Siddarth Optical Disc private Limited · Surana Polymers · Bindu Trading · Nitin Polymers private Limited · Pooja Industries · Powe Cube Infotech private Limited · Shree Ganesh Plastic |
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users · Fukutomi Company Limited · Gopal Polymers · Paul Yang Ken Bang Plastic Company · Proplast Int. Company Limited, Taiwan · Synthetic Moulder Limited · Vikas Plastics Industries |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank 333, Sarkar Palace, S. V. Road, Amboli Naka, An dheri (west), Mumbai –
400058, Maharashtra, India · Bank of Baroda · State Bank of India |
|
|
|
|
Facilities : |
Credit Limit = Rs.3.500 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. K. Doshi and Company Chartered Accountant |
|
Address : |
B -54, Station Plaza, Statioon Road, Bhandup (West), Mumbai – 400078,
Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
· Kunal Exports Shop No.1, Tribhuvan Apt., Dadabhai Road, Vile Parle (West), Mumbai –
40056, Maharashtra, India Line of Business: Plastic Scrap
|
CAPITAL STRUCTURE
PARTNERS
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
|
|
A. Capital
Account (Mrs. Hema
Mehta) |
|
|
|
Balance at
01.04.2009 |
|
0.335 |
|
Add: |
|
|
|
Share of Profit |
0.037 |
|
|
Interests of
Partners |
0.039 |
|
|
Remuneration |
0.180 |
|
|
Addition during
the year |
1.518 |
1.774 |
|
|
|
2.109 |
|
|
|
|
|
Withdrawals |
1.235 |
|
|
Income Tax A.Y.
2009-10 |
0.019 |
1.254 |
|
|
|
|
|
Total (Balance
As on 31.03.2010) |
|
0.855 |
|
|
||
|
B. CAPITAL
ACCOUNT (MR. AJAY
SANGHAVI) |
|
|
|
Balance at
01.04.2009 |
|
-- |
|
Add: |
|
|
|
Share of Profit |
0.005 |
|
|
Interests of
Partners |
0.028 |
|
|
Remuneration |
0.120 |
|
|
Addition during
the year |
0.600 |
0.753 |
|
|
|
|
|
Withdrawals |
0.117 |
|
|
Income Tax A.Y.
2009-10 |
-- |
0.117 |
|
|
|
|
|
Total (Balance
As on 31.03.2010) |
|
0.636 |
|
|
|
|
|
TOTAL (A+B) |
|
RS.1.492 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.491 |
1.267 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.491 |
1.267 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2.420 |
2.216 |
|
|
2] Unsecured Loans |
|
0.717 |
0.000 |
|
|
TOTAL BORROWING |
|
3.137 |
2.216 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.628 |
3.483 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.861 |
0.840 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
3.631 |
|
|
Sundry Debtors |
|
4.575 |
0.721 |
|
|
Cash & Bank Balances |
|
0.817 |
0.345 |
|
|
Other Current Assets |
|
0.200 |
0.322 |
|
|
Loans & Advances |
|
1.356 |
0.022 |
|
Total
Current Assets |
|
6.948 |
5.041 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
3.003 |
1.530 |
|
|
Other Current Liabilities |
|
0.085 |
0.839 |
|
|
Provisions |
|
0.093 |
0.029 |
|
Total
Current Liabilities |
|
3.181 |
2.398 |
|
|
Net Current Assets |
|
3.767 |
2.643 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.628 |
3.483 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Sales Local) |
|
25.841 |
24.012 |
|
|
|
Other Income |
|
0.212 |
0.550 |
|
|
|
Closing Stock |
|
0.000 |
3.631 |
|
|
|
TOTAL |
|
26.053 |
28.193 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock |
|
3.631 |
2.889 |
|
|
|
Purchases |
|
15.410 |
20.159 |
|
|
|
Clearing Forwarding Charges |
|
1.481 |
0.125 |
|
|
|
Wages |
|
0.263 |
0.000 |
|
|
|
Custom Duty |
|
1.948 |
0.605 |
|
|
|
Electricity Charges |
|
0.122 |
0.028 |
|
|
|
Interests to Partner |
|
0.152 |
0.000 |
|
|
|
Salaries |
|
0.232 |
0.531 |
|
|
|
Remuneration to Partners |
|
0.435 |
0.141 |
|
|
|
Telephone Charges |
|
0.079 |
0.124 |
|
|
|
Transport Charges |
|
0.394 |
0.361 |
|
|
|
Travelling Expenses |
|
0.151 |
0.030 |
|
|
|
Other Expenses |
|
1.490 |
3.040 |
|
|
|
TOTAL |
|
25.788 |
28.033 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.265 |
0.160 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.145 |
0.150 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.120 |
0.010 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
0.46 |
0.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.46 |
0.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.54 |
0.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.08 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
4.24 |
3.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.18 |
2.10 |
LOCAL AGENCY FURTHER INFORMATION
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
7.000 |
7.000 |
|
ii. From Other Banks |
-- |
-- |
|
iii. Of which BP and BD |
-- |
-- |
|
|
|
|
|
SUB
TOTAL (A) |
7.000 |
7.000 |
|
|
|
|
|
Short Term Borrowings From Others |
-- |
-- |
|
Sundry Creditors (Trader) |
4.950 |
5.400 |
|
Advances Payment from customers |
-- |
-- |
|
Provision For Taxes |
0.156 |
0.225 |
|
Proposed Dividend |
-- |
-- |
|
Other Statutory Liabilities (due within one years) |
-- |
-- |
|
Deposits of term loans and Deferred Payment Credits |
-- |
-- |
|
Other current Liabilities and Provisions (due within one
years) |
0.100 |
0.200 |
|
|
|
|
|
Sub
Total (B) |
5.206 |
5.825 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
12.206 |
12.825 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
-- |
-- |
|
Redeemable Preference Shares |
-- |
-- |
|
Term Loan |
-- |
-- |
|
Deferred Payment Credits |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
|
Term Deposit/ Deferred Tax
Liability |
-- |
-- |
|
Other Term Liabilities |
-- |
-- |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
-- |
-- |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
12.206 |
12.825 |
|
|
|
|
|
NET
WORTH |
|
|
|
Shares Capital |
4.800 |
6.889 |
|
Share Application Money |
-- |
-- |
|
General Reserve |
-- |
-- |
|
Deferred Tax Liabilities |
-- |
-- |
|
Other Reserve (Excluding Provision) |
-- |
-- |
|
Revolution Reserve |
-- |
-- |
|
Reserves and Surplus |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
-- |
-- |
|
Share Premium |
-- |
-- |
|
Other (Specify) – |
-- |
-- |
|
|
|
|
|
TOTAL
NET WORTH |
4.800 |
6.889 |
|
|
|
|
|
TOTAL
LIABILITIES |
17.006 |
19.714 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.332 |
0.251 |
|
Investments [Other than long term investments] |
1.400 |
1.400 |
|
Receivables other than deferred and exports |
2.250 |
2.813 |
|
Export receivables |
7.125 |
8.438 |
|
Installments of deferred receivable |
-- |
-- |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials |
-- |
-- |
|
Stock in Process |
4.366 |
5.250 |
|
Finished Goods |
-- |
-- |
|
Other Consumable Spares |
-- |
-- |
|
Advances to suppliers |
-- |
-- |
|
Advance Payment of Taxes |
0.150 |
0.200 |
|
Other Current Assets |
0.650 |
0.700 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
16.273 |
19.051 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
0.864 |
0.833 |
|
Depreciation to date |
0.131 |
0.170 |
|
|
|
|
|
NET
BLOCK |
0.733 |
0.663 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
Investments/ Book Debts. Advances/ Deposits which are not
current Assets |
0.000 |
0.000 |
|
Investments in sub Cos./ Affiliates |
0.000 |
0.000 |
|
Advances suppliers of Capital goods and contractors |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
|
Deferred Receivables |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
|
Loans and Advance |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
17.006 |
19.714 |
|
|
|
|
|
Tangible Networth |
4.800 |
7.274 |
|
|
|
|
|
Net Working Capital
|
4.067 |
6.226 |
|
|
|
|
|
Current Ratio |
1.33 |
1.49 |
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
2.54 |
1.86 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
Gross Sales |
|
|
|
Domestic Sales |
9.000 |
11.250 |
|
Export Sales |
28.500 |
33.750 |
|
|
|
|
|
Total |
37.500 |
45.000 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
37.500 |
45.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
42.31 |
20.00 |
|
|
|
|
|
Other Income |
|
|
|
Incentives |
0.200 |
0.200 |
|
Discount and Misc Income |
0.000 |
0.000 |
|
Interests Income |
0.100 |
0.150 |
|
|
|
|
|
Sub Total |
0.300 |
0.350 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
-
Imported |
4.500 |
6.000 |
|
-
Indigenous |
25.200 |
26.400 |
|
|
|
|
|
Stores Consumed |
|
|
|
Power and Fuel |
0.250 |
0.300 |
|
Direct Labour and Wages |
0.350 |
0.500 |
|
Clearing and Forwarding expenses |
2.800 |
3.500 |
|
Other Expenses |
0.150 |
0.200 |
|
Taxes (Custom Duty etc) |
2.000 |
2.500 |
|
|
|
|
|
Total
|
5.550 |
7.000 |
|
|
|
|
|
Sub
Total |
35.250 |
39.400 |
|
|
|
|
|
Add: Opening Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total |
35.250 |
39.400 |
|
|
|
|
|
Less: Closing Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Production |
35.250 |
39.400 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
1.519 |
4.366 |
|
|
|
|
|
Sub
Total |
36.769 |
43.766 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
4.366 |
5.250 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
32.403 |
38.516 |
|
|
|
|
|
Selling, General and Administrative Expenses |
2.625 |
3.150 |
|
|
|
|
|
Operating Profit before interests |
2.772 |
3.684 |
|
|
|
|
|
Interests |
0.500 |
0.900 |
|
Depreciation |
0.131 |
0.170 |
|
|
|
|
|
Operating Profit After Interests |
2.141 |
2.614 |
|
|
|
|
|
Other Non Operating Income |
0.000 |
0.000 |
|
Other Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
2.141 |
2.614 |
|
|
|
|
|
Provision for taxes |
0.156 |
0.225 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
1.985 |
2.389 |
|
|
|
|
|
Retained Profit |
1.785 |
2.089 |
|
Retained Profit. Net Profit (% age) |
89.92 |
87.44 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT
ASSETS AND LIABILITIES
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
A CURRENT ASSETS |
|
|
|
Raw Materials |
|
|
|
[a] Imported |
-- |
-- |
|
Months Consumption |
-- |
-- |
|
[b] Indigenous |
-- |
-- |
|
Months Consumption |
-- |
-- |
|
|
|
|
|
Other consumable spares |
|
|
|
Excluding those included 1 above |
|
|
|
[a] Imported |
-- |
-- |
|
Months Consumption |
-- |
-- |
|
[b] Indigenous |
-- |
-- |
|
Months Consumption |
-- |
-- |
|
|
|
|
|
Stock in process |
4.366 |
5.250 |
|
Months cost of production |
-- |
-- |
|
|
|
|
|
Finished goods |
-- |
-- |
|
Months cost of sales |
-- |
-- |
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
2.250 |
2.813 |
|
Months domestic sales |
-- |
-- |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
7.125 |
8.438 |
|
(Months Export Sales) |
-- |
-- |
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
0.000 |
0.000 |
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.100 |
0.251 |
|
|
|
|
|
TOTAL CURRENT ASSETS |
13.841 |
16.751 |
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
4.950 |
5.400 |
|
Months Purchases |
-- |
-- |
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
|
|
|
|
|
Statutory Liabilities |
0.000 |
0.000 |
|
|
|
|
|
Other current liability Specify Major Items) Current Loan Inst. |
0.100 |
0.200 |
|
|
|
|
|
TOTAL |
5.050 |
5.600 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
FIRST
METHOD OF LENDING |
|
|
|
|
|
|
|
Total Current Assets |
16.273 |
19.051 |
|
|
|
|
|
Other current Liabilities (Other than Bank borrowings) |
5.206 |
5.825 |
|
|
|
|
|
Working Capital Gap |
11.067 |
13.226 |
|
|
|
|
|
Min. Stipulated net working capital (25% of WCG) |
2.287 |
2.653 |
|
|
|
|
|
Actual/ Project Net Working |
4.067 |
6.226 |
|
|
|
|
|
Item 3 minus item 4 |
8.780 |
10.573 |
|
|
|
|
|
Item 3 minus item 5 |
7.000 |
7.000 |
|
|
|
|
|
Maximum permissible bank finance |
7.000 |
7.000 |
|
|
|
|
|
Excess borrowing representing Shortfall in NWC |
(1.780) |
(3.573) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
NAME OF THE
APPLICANT: MRS. HEMA NITIN MEHTA
NAME OF THE
CO-APPLICANT: MR. AJAY SHASHIKANT SANGHAVI
NAME OF THE
GUARANTOR: MR. NITIN NAGINDAS MEHTA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Address of the Property with survey No./ Door No. |
Flat No.11, Yogesh Building, Bapubhai Vashi Road, Vile Parle (West), Mumbai –
400056, Maharashtra, India |
A-21, Gaurang –
A – CHS, Sarojini Naidu Road, Kandivali (West), Mumbai – 400067, Maharashtra,
India |
Survey No.4, Chala, Vapi, District Bulsar |
|
|
|
|
|
|
Description : Land/ Site/ Building |
Building |
Building |
Plot |
|
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Freehold |
Freehold |
|
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Residential |
Residential |
Residential |
|
|
|
|
|
|
Area/ Extent of Land |
800 sq. ft. |
310 sq. ft. |
818 sq. yard. |
|
|
|
|
|
|
Present Market/
Assessed Value |
Rs.1.500
Millions |
Rs.3.500
Millions |
Rs.5.000
Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company / firm/ Concern in
which investment is made |
Aum Impex |
-- |
-- |
|
|
|
|
|
|
Date of Investment |
01.10.2010 |
-- |
-- |
|
|
|
|
|
|
Present
Value of Investment |
Rs.1.000 Million |
-- |
-- |
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ Company where deposits
are held |
Bank of Baroda Vile Parle (East) Branch |
-- |
-- |
|
|
|
|
|
|
Date of Deposits |
23/01/2007 and 20.04.2010 |
-- |
-- |
|
|
|
|
|
|
Nature of Deposits |
Fixed Deposits |
-- |
-- |
|
|
|
|
|
|
Present
value of Deposits |
Rs.2.347
Millions |
-- |
-- |
GOVERNMENT
SECURITIES/ NSC/ NSS ETC.
|
Description |
PPF |
-- |
Bajaj Alliance Limited – Gain Plus |
|
|
|
|
|
|
Date of Purchases |
2001 |
-- |
13.01.2006 |
|
|
|
|
|
|
Face value |
0.650 |
-- |
-- |
|
|
|
|
|
|
Present
value of Securities |
Rs.0.650
Millions |
-- |
Rs.0.875 Million |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
-- |
Mut Plus 25000 |
-- |
|
|
|
|
|
LIFE INSURANCE
POLICIES
|
Policy Numbers |
893167987 |
893880463 904367593 |
890255039 |
|
|
|
|
|
|
Date of Policy |
30.09.2006 |
2009 1998 |
-- |
|
|
|
|
|
|
Type of Policy Endowment/ whole Life etc. |
Whole Life |
-- |
Whole Life |
|
|
|
|
|
|
Annual Premium |
0.100 |
0.018 0.002 |
0.537 |
|
|
|
|
|
|
Sum Assured |
0.500 |
0.375 |
4.500 |
|
|
|
|
|
|
Surrender
Value |
0.350 |
0.508 |
1.800 |
VEHICLES OWNED
|
Model/ Make |
Honda City |
-- |
-- |
|
|
|
|
|
|
Date of Purchases |
April 2008 |
-- |
-- |
|
|
|
|
|
|
Whether Hypothecation for Loan |
Yes |
-- |
-- |
|
|
|
|
|
|
Details of Loan against Vehicles |
Rs.0.068 |
-- |
-- |
|
|
|
|
|
|
Present
Market Value |
Rs.0.550 Million |
-- |
-- |
OTHERS ASSETS
|
Furniture and Fixtures |
0.500 |
-- |
-- |
|
|
|
|
|
|
Cash in Hand |
0.100 |
-- |
-- |
|
|
|
|
|
|
Jewellery |
3.000 |
-- |
0.500 |
|
|
|
|
|
|
Plant and Machinery |
0.200 |
-- |
-- |
|
|
|
|
|
|
Other Assets if any |
3.200 |
-- |
0.650 |
|
|
|
|
|
|
Present
Market Value |
Rs.7.000
Millions |
-- |
Rs.1.150
Millions |
------------------------------------------------------------------------------------------------------------------------------
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 |
-- |
100% |
-- |
|
Any contribution by the employer to any
approved Superannuation fund for employees (see Note1) |
-- |
100% |
-- |
|
Entertainment |
-- |
20% |
-- |
|
Provision of Hospitality of every kind by
the employer to any person (see Note 2) |
-- |
20% |
-- |
|
Conference (Other than fee for participation by the
employees in any conference) (See Note 4) |
-- |
20% |
-- |
|
Sales promotion including publicity (see Note 5) |
-- |
20% |
-- |
|
Employees’ Welfare (see Note 6) |
0.010 |
20% |
0.002 |
|
Conveyance, (see Note 7) |
0.090 |
20% |
0.018 |
|
Use of hotel, boarding and lodging
facilities |
-- |
20% |
-- |
|
Repair, Running (including fuel), maintenance of motor cars
and the amount of depreciation thereon |
0.115 |
20% |
0.023 |
|
Repair, Running ( Including Fuel) and
maintenance of aircraft and the amount of depreciation thereon |
-- |
20% |
-- |
|
Use of Telephone (Including mobile phone)
other than expenditure on leased telephone lines |
0.124 |
20% |
0.025 |
|
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purpose |
-- |
20% |
-- |
|
Festival Celebrations |
-- |
50% |
-- |
|
Use of health club and similar facilities |
-- |
50% |
-- |
|
Use of any other club facilities |
-- |
50% |
-- |
|
Gifts |
-- |
50% |
-- |
|
Scholarships |
-- |
50% |
-- |
|
Tour and Travel (Including foreign travel)
(see Note 12) |
0.030 |
5% |
0.002 |
|
|
|
|
|
|
|
Total |
|
0.369 |
|
0.070 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
PART
– I (QUESTIONNAIRE)
GENERAL
INFORMATION
|
Purpose for which valuation is made: |
To assess the fair market value for the purpose of availing Credit facilities from Corporation Bank, Amboli Branch |
|
|
|
|
Date as on which valuation is made: |
27th
Oct. 2009 |
|
|
|
|
Name of the owners/ Owners |
Mr. Kunal Nitin
Mehta = Flat No.11 Mrs. Hema N.
Mehta = Flat No.12 |
|
|
|
|
If the property is under Joint Ownership/ |
Ownership as per gift deed dated 31.03.2008 and will dated March 2008
Share Certificates No.12 dated 18.12.2005 and No.13 dated Dec.2005. Distinctive No.56 to 60 and 61 to 65 |
|
|
|
|
Brief Description of the Property |
The said property consists of Res. Premises on 2nd Floor,
Flat No.11 and 12 Combined at Yogesh Chs. Limited |
|
|
|
|
Location, Street, Ward No. |
At bapubhai Vashi Road, Vileparle (West), Mumbai – 400056 |
|
|
|
|
Survey/ Plot No. of Land |
CTS No.901 A, Final Plot No.43, Vileparle TPS No.VI At Village
Vileparle, Tal – Andheri |
|
|
|
|
It the property situated in residential/ commercial/ mixed/ industrial
area |
Situated in Residential Area |
|
|
|
|
Classification of locality – High Class/ Middle Class/ Poor Class |
High Class |
|
|
|
|
Proximity to civic amenities like schools Offices, hospitals, market
cinema etc. |
Available at about 0.5 to 1 km distance Railway Station Vileparle (W)
at 0.8 km distance |
|
|
|
|
Means and proximity to surface communication by which the locality is served
|
Autos, Buses, Taxis and Suburban Railway Services available. Western
Express Highway at 1 km distance. |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof. |
Residential
Premises on 2nd Floor, Flat No.11 and 12, At Yogesh Chs. Limited Admeasuring
Carpet Area 1534 sq. ft. (actual) And Built up
area 2190 sq. ft. |
|
|
|
|
Roads or lanes on which land is abutting. |
At Bapubhai
Vashi Road |
|
|
|
|
Is it Freehold or lease land |
|
|
|
|
|
Does the land fall in area included in town
planning scheme or any development of Govt. of any statutory body? If so give
particulars |
Falls Within
Limits of MCGM Tal – Andheri |
|
|
|
|
Has any Contribution been made towards
development or is any contribution still outstanding? |
Surrounded by
Compounds walls and gates. |
|
|
|
|
IMPROVEMENT |
|
|
Is the building
owner-occupied/ Tenanted/ both? |
Owner Occupied (Residential Flat) |
|
|
|
|
What is FSI
permissible and Percentage actually utilized? |
C.C. No. CE/7079/BS II/ WS/AK Dated 16.05.2001 for additional Floors. |
|
|
|
|
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 born by owner |
|
|
|
|
Who has to bear the cost of electricity for
lighting of common space like entrance, hall. Stairs, passage, compounds etc.
|
Maintained by Society and Cost Borne by Owner.
|
|
|
|
|
What is the amount of property tax? Who has
to bear it? Give details with documentary proof. |
Rs.2140/- Included in society maintenance of
Rs.13654/- per quarter and borne the owner. |
|
|
|
|
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 are land
sold. |
The fair Market value of the said property
is assessed from the market survey and inquiry from Local Estate Agents. The Flats are on 2nd Floor
Building is 24 years Old. And Additional floors are 7 years old. |
|
|
|
|
Land rate/ adopted in this valuation/ If
sale instances are not available or relied upon the basis of arriving at the
land rate. |
The Considering the above factors the Fair
Market Value of said premises is a follows: The combines Built up area 2190 sq. ft. @
Rs.14000/- = Rs.30.660 Millions Valuation of structure for insurance
purpose 2190 sq. ft. @ Rs.2500/- = Rs.5.475 Millions |
|
|
|
|
COST OF CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion. |
Year 1984-85 and Additional Floors are
constructed in 2001-2002 |
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floor and height of floor |
Stilt + 6 Floors having 10’-0 Floor Height. |
|
|
|
|
Plinth area – floor – wise (as per is 3861-1966) |
Residential
Premises on 2nd Floor, Flat No.11 and 12, At Yogesh Chs. Limited Admeasuring
Carpet Area 1534 sq. ft. (actual) And Built up
area 2190 sq. ft. |
|
|
|
|
Year of construction |
1984-85/ 2001-2002 |
|
|
|
|
Estimated future life |
Approx. 40 years |
|
|
|
|
Types of construction – load bearing wall / RCC |
RCC |
|
|
|
|
Types of Foundations |
RCC |
|
|
|
|
WALLS - Basement and Plinth – Walls - Super Structure above |
9” thick brick masonry 9” thick brick masonry |
|
|
|
|
Partitions |
NA |
|
|
|
|
Door and windows (Floor – wise) |
Wooden Frame Flush Doors and Anodised Aluminium Windows |
|
|
|
|
Flooring (Floor – wise) |
Marble Flooring |
|
|
|
|
Finishing (Floor – wise) |
Sand Face Cement Plaster Externally and Neeru Cement Plaster Internally. |
|
|
|
|
Roofing and terracing |
Flat RCC Roof |
|
|
|
|
Special architectural or decorative features |
Not provided |
|
|
|
|
- Internal wiring – surface or conduit |
Conduit |
|
|
|
|
- Class of fittings superior/ ordinary/ poor |
Average Quality |
|
|
|
|
Sanitary Installations |
Three Toilet Provided |
|
Class of fittings superior colored superior white/ ordinary |
Best Quality |
|
|
|
|
Compound Wall |
Masonry wall provided with Gates |
|
|
|
|
No. of Lift and Capacity |
One |
|
|
|
|
Underground Sump |
Provided |
|
Capacity |
As per MCGM Regulations |
|
Type of construction |
RCC |
|
|
|
|
Overhead Tank |
Provided |
|
Where located |
On Terrace |
|
Capacity |
As per MCGM Regulations |
|
Type of construction |
RCC |
|
|
|
|
Pumps No. and Their Horse Power |
Provided of adequate capacity |
|
|
|
|
Road and Paving within the compound approx area, type of paving. |
Concrete Tiles Paving. |
|
|
|
|
Sewage disposal/ whether connected to public sewers. If septic tanks provided, no. and capacity. |
Connected to Public Sewer. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Furniture and Fixtures
· Computers
· Machinery
· Weight Machine
· Fire Extinguisher
· Motor Car
· Office Equipment
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.45.27 |
|
|
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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.