MIRA
INFORM REPORT
|
Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LOHIA TRADING COMPANY |
|
|
|
|
Registered
Office : |
Ground Floor, Main Area, Near Ganesh Rice Mill, Ellenabad Ramia By
Pass Road, Dabwali Road, Sirsa, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 (Provisional) |
|
|
|
|
Year of
Establishment : |
1996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.563 Millions |
|
|
|
|
TIN No.: |
06682911036 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJPN5947L |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer of Jute, Cloth and HDPE PP Fabric Bags. |
|
|
|
|
No. of Employees
: |
11 (Approximately) (Office – 2, and factory – 9) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. The
valuation report and networth statement provided seems to be satisfactory.
Payments are reported to be usually correct. However, it would be take advisable 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. Mahesh Lohia |
|
Designation : |
Manager |
|
Contact No.: |
91-9254062540/ 9254045192 |
|
Date : |
26.08.2011 |
LOCATIONS
|
Registered Office/ Factory : |
Ground Floor, Main Area, Near Ganesh Rice Mill, Ellenabad Ramia By
Pass Road, Dabwali Road, Sirsa, Haryana, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9254062540/ 9254045192 (Mr. Mahesh Lohia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
10 x 12 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Sat Narain Lohia |
|
Designation : |
Proprietor |
|
Address : |
Gali Maszid Wali, Noharia Bazar, Sirsa – 125055, Haryana, India |
|
Date of Birth/Age : |
15.06.1941 |
|
Qualification : |
Matric |
|
Experience : |
15 years |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Lohia |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Jute Bags, Cloth Bags and HDPE PP Fabric Bags. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 days) |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
End Users · Ashoka Seeds · Gabroj Pure Products · Gee Agri Seeds · Guranditta Mal Tilak Raj, Sirsa · Iqbal Seeds, Giderbaha · Mayank Agro, Hisar · MICO Seeds Farm · Namdhari Foods International, Jewannanagr · Navkaar Seeds · Piyush Seeds Company · Punjab Seeds Company, Sirsa · Supreme Seeds · Shri Ganesh Traders · Vishwash Seeds Company |
|
|
|
|
Suppliers : |
· D. P. Bags Private Limited · Kohinoor Seeds Fields (India) Private Limited · Shiv Fabricators · Shree Ganesh Rice Mills · Shree Ganesh Seeds Company |
|
|
|
|
No. of Employees : |
11 (Approximately) (Office – 2, and factory – 9) |
|
|
|
|
Bankers : |
· Axis Bank Sirsa Main Branch, Sirsa, Haryana, India |
|
|
|
|
Facilities : |
CL = Rs.4.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh Bansal and Associates Chartered Accountant |
|
Address : |
Near Maharaja Aggarsain School, Begu Road, Sirsa – 125055, Haryana,
India |
|
Mobile No.: |
91-9466404599 |
|
|
|
|
Name : |
Mr. Munish Goyal Chartered Accountant |
|
Mobile No.: |
91-9215020757 |
CAPITAL STRUCTURE
(AS ON 31.03.2011 – PROVISIONAL)
|
Capital Investment : |
|
|
Owned : |
Rs.1.563 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.1.563 Millions
|
------------------------------------------------------------------------------------------------------------------------------
PROPRIETOR MR. SAT
NARIAN LOHIA’S CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Withdrawals |
0.061 |
By Balance B/d |
1.113 |
|
To Life Insurance Premium |
0.008 |
By Amount Received on Maturity of NSC |
0.048 |
|
To Balance C/d |
1.344 |
By N et Profit As per Profit and Loss A/c |
0.252 |
|
|
|
|
|
|
Total |
1.413 |
Total |
1.413 |
------------------------------------------------------------------------------------------------------------------------------
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 Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.563 |
1.344 |
1.113 |
|
|
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 |
1.563 |
1.344 |
1.113 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.868 |
3.069 |
2.322 |
|
|
2] Unsecured Loans |
1.165 |
0.787 |
0.775 |
|
|
TOTAL BORROWING |
3.033 |
3.856 |
3.097 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.596 |
5.200 |
4.210 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.229 |
0.262 |
0.251 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.038 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.957
|
3.166 |
2.627 |
|
|
Sundry Debtors |
1.227
|
3.594 |
1.507 |
|
|
Cash & Bank Balances |
0.448
|
0.041 |
0.162 |
|
|
Other Current Assets |
0.539
|
0.456 |
0.448 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
6.171
|
7.257 |
4.744 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
0.183
|
0.008 |
0.643 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
1.804
|
2.357 |
0.785 |
|
|
Net Current Assets |
4.367
|
4.900 |
3.959 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.596 |
5.200 |
4.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20.590 |
20.423 |
17.806 |
|
|
|
Other Income |
0.040 |
0.012 |
0.068 |
|
|
|
TOTAL |
20.630 |
20.435 |
17.874 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
19.062 |
19.051 |
16.677 |
|
|
|
Freight A/c |
0.039 |
0.115 |
0.154 |
|
|
|
Electricity Expenses A/c |
0.031 |
0.045 |
0.032 |
|
|
|
Insurance Expenses A/c |
0.007 |
0.009 |
0.024 |
|
|
|
Legal Expenses |
0.006 |
0.004 |
0.000 |
|
|
|
Rent A/c |
0.099 |
0.108 |
0.081 |
|
|
|
Salary A/c |
0.450 |
0.384 |
0.312 |
|
|
|
Telephone Expenses |
0.013 |
0.010 |
0.007 |
|
|
|
Vehicles Expenses |
0.024 |
0.005 |
0.007 |
|
|
|
Other Expenses |
0.514 |
0.391 |
0.230 |
|
|
|
TOTAL |
20.245 |
20.122 |
17.524 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.385 |
0.313 |
0.350 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.054 |
0.062 |
0.050 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.331 |
0.251 |
0.300 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.60
|
1.23 |
1.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.61
|
1.23 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.17
|
3.34 |
6.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.19 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.09
|
4.62 |
3.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.42
|
3.08 |
6.04 |
LOCAL AGENCY FURTHER INFORMATION
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS
OPERATING
STATEMENT
(RS.
IN MILLIONS)
|
PARTICULARS |
2010-2011 |
2011-2012 |
|
|
Un-Audited |
Projected |
|
Gross Sales |
|
|
|
Domestic Sales |
20.590 |
22.409 |
|
Export Sales |
0.000 |
0.000 |
|
Add: Other Revenue Income |
0.040 |
0.057 |
|
|
|
|
|
Total |
20.630 |
22.466 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
20.630 |
22.466 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
(3.32) |
8.90 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
19.892 |
22.080 |
|
|
|
|
|
Other Consumed |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
0.000 |
0.000 |
|
Direct Labour and Wages |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
|
Depreciation |
0.054 |
0.048 |
|
|
|
|
|
Sub
Total |
19.946 |
22.128 |
|
|
|
|
|
Add: Opening Stock-In-Process |
-- |
-- |
|
|
|
|
|
Sub
Total |
19.946 |
22.128 |
|
|
|
|
|
Less: Closing Stock-In-Process |
-- |
-- |
|
|
|
|
|
Cost
of Production |
19.946 |
22.128 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
3.166 |
3.957 |
|
|
|
|
|
Sub
Total |
23.111 |
26.085 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
3.957 |
5.459 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
19.154 |
20.625 |
|
|
|
|
|
Selling, General and Administrative Expenses |
0.648 |
0.763 |
|
|
|
|
|
Operating Profit before interests |
0.827 |
1.076 |
|
|
|
|
|
Interests |
0.496 |
0.655 |
|
|
|
|
|
Operating Profit After Interests |
0.331 |
0.421 |
|
|
|
|
|
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] |
0.331 |
0.421 |
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.331 |
0.421 |
|
|
|
|
|
Retained Profit |
0.331 |
0.421 |
|
Retained Profit. Net Profit (% age) |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2010-2011 |
2011-2012 |
|
|
Un-Audited |
Projected |
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
0.000 |
4.031 |
|
ii. From Other Banks |
1.868 |
0.000 |
|
iii. Of which BP and BD |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL (A) |
1.868 |
4.031 |
|
|
|
|
|
Short Term Borrowings From Others |
1.165 |
0.787 |
|
Sundry Creditors (Trader) |
1.621 |
1.877 |
|
Advances Payment from customers |
0.000 |
0.000 |
|
Provision For Taxes |
0.000 |
0.000 |
|
Proposed Dividend |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
|
Deposits of term loans and Deferred Payment Credits |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.183 |
0.030 |
|
|
|
|
|
Sub
Total (B) |
2.969 |
2.694 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
4.837 |
6.725 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable
Preference Shares |
0.000 |
0.000 |
|
Term Loan |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Term Deposit/ Deferred Tax
Liability |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
4.837 |
6.725 |
|
|
|
|
|
NET
WORTH |
|
|
|
Ordinary Shares Capital |
1.563 |
1.844 |
|
Share Application Money |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
|
Deferred Tax Liabilities |
0.000 |
0.000 |
|
Other Reserve (Excluding Provision) |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
|
Other (Specify) – |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
NET WORTH |
1.563 |
1.844 |
|
|
|
|
|
TOTAL
LIABILITIES |
6.400 |
8.569 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.448 |
0.678 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
1.343 |
1.873 |
|
Export receivables |
0.000 |
0.000 |
|
Installments of deferred receivable |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
|
Finished Goods |
3.957 |
5.459 |
|
Other Consumable Spares |
0.000 |
0.000 |
|
Advances to suppliers |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.371 |
0.243 |
|
Other Current Assets |
0.033 |
0.055 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
6.153 |
8.309 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
0.283 |
0.289 |
|
Depreciation to date |
0.054 |
0.048 |
|
|
|
|
|
NET
BLOCK |
0.229 |
0.241 |
|
|
|
|
|
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 |
0.019 |
0.019 |
|
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 |
0.019 |
0.019 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
6.400 |
8.569 |
|
|
|
|
|
Tangible Networth |
1.563 |
1.844 |
|
|
|
|
|
Net Working Capital
|
1.315 |
1.584 |
|
|
|
|
|
Current Ratio |
1.27 |
1.24 |
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
3.09 |
3.64 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW
STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2010-2011 |
2011-2012 |
|
|
Un-Audited |
Projected |
|
SOURCES |
|
|
|
|
|
|
|
Net profit After Tax |
0.331 |
0.421 |
|
|
|
|
|
Depreciation |
0.054 |
0.048 |
|
|
|
|
|
Increase in Capital |
(0.112) |
(0.140) |
|
|
|
|
|
Increase in Term Liability |
0.000 |
0.000 |
|
|
|
|
|
Decrease in |
|
|
|
-
Fixed Assets |
0.041 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Others |
0.000 |
0.000 |
|
|
|
|
|
TOTAL SOURCES |
0.315 |
0.629 |
|
|
|
|
|
USES |
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
|
|
|
|
|
Decrease in Term Liability |
0.000 |
0.000 |
|
|
|
|
|
Increase in |
|
|
|
-
Fixed Assets |
0.000 |
0.006 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Dividend Payments |
0.000 |
0.000 |
|
|
|
|
|
Other Unsecured Loans |
0.000 |
0.000 |
|
|
|
|
|
TOTAL USES |
0.000 |
0.006 |
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
0.315 |
0.623 |
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
(1.123) |
2.156 |
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
(0.175) |
(0.275) |
|
|
|
|
|
Increase/ decrease Working Capital Gap |
(0.948) |
2.431 |
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
1.263 |
(2.109) |
|
|
|
|
|
Increase/ (Decrease) in Bank Borrowings |
(1.201) |
2.163 |
|
|
|
|
|
Increase/
(Decrease) in Net Sales |
(0.708) |
1.836 |
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
Increase/ Decrease in Raw Material |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Finished Goods |
0.792 |
1.502 |
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
Domestic |
(2.251) |
0.530 |
|
Export |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Other Current Assets |
0.336 |
0.124 |
|
|
|
|
|
Total |
(1.123) |
2.156 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF RATIO
(RS.
IN MILLIONS)
|
Particulars
|
2010-2011 |
2011-2012 |
|
|
Un-Audited |
Projected |
|
|
|
|
|
% To Cost of Sale |
|
|
|
|
|
|
|
Sales |
20.590 |
22.409 |
|
Other Revenue |
0.040 |
0.057 |
|
|
|
|
|
Excise and Other Items |
-- |
-- |
|
|
|
|
|
Net Sales |
20.629 |
22.465 |
|
|
|
|
|
Raw Materials |
19.892 |
22.080 |
|
Consumable |
-- |
-- |
|
Packing Materials |
-- |
-- |
|
Power and Fuel |
-- |
-- |
|
Labour |
-- |
-- |
|
Other Manufacturing |
-- |
-- |
|
|
|
|
|
Increase in Stock WIP |
-- |
-- |
|
COP |
19.892 |
22.080 |
|
|
|
|
|
Increase in Stock FG |
(0.792) |
(1.502) |
|
Total Expenses |
19.100 |
20.578 |
|
|
|
|
|
Gross Profit |
1.490 |
1.831 |
|
|
|
|
|
Other non Operating Income |
-- |
-- |
|
|
|
|
|
Indirect Expenses |
0.648 |
0.763 |
|
|
|
|
|
Percent (%) |
1634.73 |
1344.59 |
|
|
|
|
|
Interests |
0.496 |
0.655 |
|
Depreciation |
0.054 |
0.048 |
|
Non-Operating Expenses |
|
|
|
|
|
|
|
Net Profit |
0.331 |
0.421 |
|
|
|
|
|
Gross Profit Ratio |
7.23 |
8.17 |
|
|
|
|
|
Net Profit Ratio |
1.61 |
1.87 |
|
|
|
|
|
Stock |
3.957 |
5.459 |
|
Add: Debtors |
1.343 |
1.873 |
|
Less: Creditors |
1.621 |
1.877 |
|
|
|
|
|
Net Paid Stock |
3.679 |
5.456 |
|
|
|
|
|
Margin |
-- |
-- |
|
DP |
3.679 |
5.456 |
|
Bank Loan |
1.868 |
4.031 |
|
|
|
|
|
Export Debtors |
-- |
-- |
|
Margin |
-- |
-- |
|
DP |
-- |
-- |
|
|
|
|
|
Total DP |
3.679 |
5.456 |
|
|
|
|
|
Less: Deficit of unpaid Stock |
-- |
-- |
|
Net |
1.343 |
1.873 |
|
Margin |
-- |
-- |
|
DP |
1.343 |
1.873 |
|
|
|
|
|
Total |
3.679 |
5.456 |
|
|
|
|
|
Current Ratio |
1.27 |
1.24 |
|
MPBF |
1.868 |
4.031 |
|
|
|
|
|
Total Liabilities |
6.400 |
8.569 |
|
Total Assets |
6.400 |
8.569 |
|
|
|
|
|
Difference in B/s |
|
|
|
|
|
|
|
TOL/ TNW |
3.09 |
3.65 |
|
|
|
|
|
TTL/ TNW |
-- |
-- |
|
|
|
|
|
Key Ratio |
|
|
|
Growth in Net Sales |
(3.32) |
8.90 |
|
Growth in Net Profit |
31.87 |
27.07 |
|
Growth in Net Worth |
16.32 |
17.98 |
|
|
|
|
|
Liquidity Ratio |
|
|
|
Current Ratio |
1.27 |
8.90 |
|
Quick Ratio |
0.45 |
0.42 |
|
|
|
|
|
Efficiency Ratio |
|
|
|
Stock Turnover Ratio |
5.79 |
4.77 |
|
Total assets Turnover Ratio |
3.22 |
2.62 |
|
Fixed Assets Turnover Ratio |
90.12 |
93.19 |
|
Current Assets Turnover Ratio |
3.35 |
2.70 |
|
Working Capital Turnover Ratio |
15.68 |
14.18 |
|
Capital Turnover Ratio |
13.20 |
12.18 |
|
|
|
|
|
PROFITABILITY RATIO
|
|
|
|
|
|
|
|
Gross Profit Ratio |
7.23 |
8.17 |
|
Expenses Ratio |
-- |
-- |
|
RM Consumed Ratio |
96.42 |
98.28 |
|
Manufacturing Expenses Ratio |
-- |
-- |
|
Indirect Expenses Ratio |
3.15 |
3.41 |
|
Non-Operating Expenses Ratio |
2.40 |
2.92 |
|
|
|
|
|
Net Profit Ratio |
1.61 |
1.87 |
|
Return on Capital Employed |
21.20 |
22.83 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. SAT NARAIN LOHIA
NAME
OF THE CO-APPLICANT: MRS. ROMA LOHIA
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
|
|
|
|
|
Address of the Property with survey No./ Door No. |
Gali Masjid
Wali, Noharia Bazar, Sirsa –
125055, Haryana, India |
Gali Masjid Wali,
Noharia Bazar, Sirsa – 125055, Haryana, India |
|
|
|
|
|
Description : Land/ Site/ Building |
Building |
Building |
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
-- |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Residential |
Residential |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.4.500 Millions |
Rs.5.000 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the company/ Firm/ Concern in
which investment is made |
Lohia Trading
Company |
-- |
|
|
|
|
|
Present
Value of Investments |
Rs.1.500 Millions |
-- |
OTHERS
ASSETS
|
Furniture and Fixtures |
0.050 |
0.100 |
|
|
|
|
|
Cash in Hand |
0.050 |
-- |
|
|
|
|
|
Jewellery |
0.200 |
0.400 |
|
|
|
|
|
Total Value of
Others Assets |
Rs.0.300 Million |
Rs.0.500 Million |
|
TOTAL ASSETS |
RS.6.300 MILLIONS |
RS.5.500 MILLIONS |
LIABILITIES
|
Name of the Bank/ Institution |
Axis Bank |
-- |
|
|
|
|
|
Nature / Type of Loan |
OD |
-- |
|
|
|
|
|
Date of Loan |
2008 |
-- |
|
|
|
|
|
Amount of Loan availed |
4.000 |
-- |
|
|
|
|
|
Security offered if any |
Mortgaged of
Land and Building |
-- |
|
|
|
|
|
Amount
Outstanding |
Rs.3.200 Millions |
-- |
|
TOTAL
LIABILITIES |
RS.3.200 MILLIONS |
-- |
|
NET WORTH |
RS.3.100 MILLIONS |
RS.5.500 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL INFORMATION
|
Name of the Party/Purchaser and Address: |
Mrs. Roma Lohia W/o Mr. Vinod Kumar |
|
|
|
|
Name/s of the reported owner / Name/s of
persons in whose name/s the property is registered and address: |
Mrs. Roma Lohia W/o Mr. Vinod Kumar |
|
|
|
|
Purpose of Valuation: |
For Bank Finance |
|
|
|
|
Date of Inspection: |
27.07.2011 |
|
|
|
|
Date of Valuation: |
28.07.2011 |
|
|
|
|
Approximate distance from the branch to the
property: |
1 Kmt. |
|
|
|
|
Situation / location / brief description of the
land/site and brief description of the building: |
Property is situated in Gali Masjid Wali,
Noharia Bazar, Sirsa and Ownership comes through Sale Deed No.3521 Date:
15.06.2004 |
|
|
|
|
Boundaries of the property: |
East : Property of Mr. Anand Sharma 22’ West : Property of Mr. Rama Lal 22’ North : House of Mr. Bansi Bhar 38’ South : Street 38’ |
|
|
|
|
Assuring the entire property is let out, the
probable monthly rent and advance building rent: |
Constructed Building. |
|
|
|
|
Weather the building plan has been approved
– If yes, Date if Approval, Approving
authority, and whether the building has been constructed as per the approved
plan. |
The Construction of Building as per bye law of
Municipal Committee, Sirsa |
|
|
|
|
VALUATION
DETAILS LAND |
|
|
The total Area (Extent) of the site/land |
836 sq. ft. |
|
|
|
|
Description of the site/land: Property is
situated in Gali Masjid Wali, Noharia Bazar, Sirsa, Haryana, India |
|
|
Characteristic
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: |
Residential |
|
|
|
|
Any other
restriction of usage: |
-- |
|
|
|
|
Nature of right,
whether leasehold dl freehold |
Freehold |
|
|
|
|
Road Facility: |
Yes |
|
|
|
|
Is it a corner
plot: |
No |
|
|
|
|
Water
supply/potentiality: |
Yes |
|
|
|
|
Underground
sewerage system: |
Yes |
|
|
|
|
Any other
sentimental / social issue which may affect
the value : |
No |
|
|
|
|
Prevailing Unit Market value |
Rs.5800 per sq. ft. |
|
|
|
|
Prescribed rate by the local Authority |
Rs.10000/- per sq. yd. |
|
|
|
|
Unit rate adopted in this valuation |
Rs.5500 per sq. ft. |
|
|
|
|
Valuation of the site / land |
Rs.4.598 Millions |
|
|
|
|
BUILDING |
|
|
Type of Construction |
A’ Class Construction |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Appearance of the Building |
Good |
|
|
|
|
Number of Floors |
Ground Floor, 1st Floor, and 2nd
Floor |
|
|
|
|
Maintenance of the Building |
Good |
|
|
|
|
Description of the Building: Building is
constructed with ‘A’ Class Construction on Ground Floor, 1st Floor
and 2nd Floor |
|
|
Foundation |
1st Class Brick Work |
|
|
|
|
Superstructure |
Load Bearing Walls |
|
|
|
|
Roof |
RCC |
|
|
|
|
Doors |
Wooden |
|
|
|
|
Windows - |
Wooden |
|
|
|
|
Sanitary
fittings |
Yes |
|
|
|
|
Flooring |
CC |
|
|
|
|
Electricity
Supply |
Yes |
|
|
|
|
Total Covered Area in sq. ft. |
1680 Sq. ft. |
|
|
|
|
Value Assessed Per Sq. ft. |
750.00 |
|
|
|
|
Year of Construction |
1990 and 1998 |
|
|
|
|
Total life of the building estimated |
37 years |
|
|
|
|
Replacement rate of construction with the existing
conditions and specifications |
Rs.1.260 Million |
|
|
|
|
Replacement Value |
Rs.1.260 Million |
|
|
|
|
Depreciation Value at the rate of |
Rs.0.328 Million |
|
|
|
|
Present Value of the Building |
Rs.0.932 Million |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Plot |
Rs.4.598 Millions |
|
|
|
|
Valuation of the Building |
Rs.0.932 Million |
|
|
|
|
Total |
Rs.5.530 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL INFORMATION
|
Name of the Party/Purchaser and Address: |
Mr. Satya Narain S/o Mr. Inder5 Kumar Lohia |
|
|
|
|
Name/s of the reported owner / Name/s of
persons in whose name/s the property is registered and address: |
Mr. Satya Narain S/o Mr. Inder5 Kumar Lohia |
|
|
|
|
Purpose of Valuation: |
For Bank Finance |
|
|
|
|
Date of Inspection: |
27.07.2011 |
|
|
|
|
Date of Valuation: |
28.07.2011 |
|
|
|
|
Approximate distance from the branch to the
property: |
1 Kmt. |
|
|
|
|
Situation / location / brief description of the
land/site and brief description of the building: |
House Tax No.8/316, Situated in Gali Masjid
Wali, Noharia Bazar, Sirsa and Ownership Comes through sale deed no.2605
Dated 20.09.1972 |
|
|
|
|
Boundaries of the property: |
East : House of Mr. Gora 30’ West : House of Mr. Madan Lal 30’ North : House of Mrs. Purani Devi 18’ South : Street 18’ |
|
|
|
|
Property Tax Details |
House tax No.8/316 |
|
|
|
|
Assuring the entire property is let out, the
probable monthly rent and advance building rent: |
Constructed Building. |
|
|
|
|
Weather the building plan has been approved
– If yes, Date if Approval, Approving
authority, and whether the building has been constructed as per the approved
plan. |
The Construction of Building as per bye law of
Municipal Committee, Sirsa |
|
|
|
|
VALUATION
DETAILS LAND |
|
|
The total Area (Extent) of the site/land |
540 sq. ft. |
|
|
|
|
Description of the site/land: House is
situated in Gali Masjid Wali, Noharia Bazar, Sirsa, Haryana, India |
|
|
Characteristic
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: |
Residential |
|
|
|
|
Any other
restriction of usage: |
-- |
|
|
|
|
Nature of right,
whether leasehold dl freehold |
Freehold |
|
|
|
|
Road Facility: |
Yes |
|
|
|
|
Is it a corner
plot: |
No |
|
|
|
|
Water
supply/potentiality: |
Yes |
|
|
|
|
Underground
sewerage system: |
Yes |
|
|
|
|
Any other
sentimental / social issue which may affect
the value : |
No |
|
|
|
|
Prevailing Unit Market value |
Rs.6500 per sq. ft. |
|
|
|
|
Prescribed rate by the local Authority |
Rs.10000/- per sq. yd. |
|
|
|
|
Unit rate adopted in this valuation |
Rs.6000 per sq. ft. |
|
|
|
|
Valuation of the site / land |
Rs.3.240 Millions |
|
|
|
|
BUILDING |
|
|
Type of Construction |
A’ Class Construction |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Appearance of the Building |
Good |
|
|
|
|
Number of Floors |
Ground Floor, 1st Floor, and 2nd
Floor |
|
|
|
|
Maintenance of the Building |
Good |
|
|
|
|
Description of the Building: Building is
constructed with ‘A’ Class Construction on Ground Floor, 1st Floor
and 2nd Floor |
|
|
Foundation |
1st Class Brick Work |
|
|
|
|
Superstructure |
Load Bearing Walls |
|
|
|
|
Roof |
RCC |
|
|
|
|
Doors |
Wooden |
|
|
|
|
Windows - |
Wooden |
|
|
|
|
Sanitary
fittings |
Yes |
|
|
|
|
Flooring |
CC |
|
|
|
|
Electricity
Supply |
Yes |
|
|
|
|
Total Covered Area in sq. ft. |
1260 Sq. ft. |
|
|
|
|
Value Assessed Per Sq. ft. |
750.00 |
|
|
|
|
Year of Construction |
1998 |
|
|
|
|
Total life of the building estimated |
37 years |
|
|
|
|
Replacement rate of construction with the
existing conditions and specifications |
Rs.0.945 Million |
|
|
|
|
Replacement Value |
Rs.0.945 Million |
|
|
|
|
Depreciation Value at the rate of |
Rs.0.246 Million |
|
|
|
|
Present Value of the Building |
Rs.0.699 Million |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Plot |
Rs.3.240 Millions |
|
|
|
|
Valuation of the Building |
Rs.0.699 Million |
|
|
|
|
Total |
Rs.3.939 Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· S. H. Ganesh Rice Mills
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Vehicles
· Machinery
· Cycle
· Inverter
· Mobile
· Computers
· Generator
· Printer
· Weighing Scale
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.46.05 |
|
|
1 |
Rs.75.20 |
|
Euro |
1 |
Rs.66.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.