MIRA
INFORM REPORT
|
Report Date : |
26.02.2011 |
IDENTIFICATION
DETAILS
|
Name : |
NIPRA INDUSTRIES
PRIVATE LIMITED |
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Registered Office : |
Plot No. 44-126, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
27.07.1999 |
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Com. Reg. No.: |
54 – 00142 |
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CIN No.: [Company
Identification No.] |
U36900DN1999PLC000142 |
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IEC No.: |
0395008841 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN06682E |
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PAN No.: [Permanent Account No.] |
AAACN9372K |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer
of Printed/ Slotted Aluminium Sheets/ M. S. Sheets, P. p. Caps, Metal
Printing and Trading of P. P. Caps. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject seems to be an established company having
moderate track. Trade relations are reported as fair. The valuation report
provided is of much lesser value than the proposal amount. However, no complaints
have been heard from indirect or market sources. It would be advisable to take adequate securities
while dealing with the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. R Sambhukumar Jain |
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Designation : |
Director |
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Contact No.: |
91-22-26366848/ 50 |
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Date : |
09.02.2011 |
LOCATIONS
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Registered Office : |
Plot No. 44-126, |
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Tel. No.: |
91-250-2642676/ 2673076 |
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Fax No.: |
91-250-2642477 |
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E-Mail : |
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Website : |
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Area : |
50000 sq. ft. |
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Location : |
Owned |
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Head
/Administrative Office : |
35-K, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
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Tel. No.: |
91-22-26366848/ 26366850 |
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Fax No.: |
91-22-26364715 |
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E-Mail : |
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Website : |
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Area: |
Owned |
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Factory 1 : |
Plot No. 43 and 44-126, Amli Industrial Estate, Amli, Silvassa – 396230, Dadra and Nagar Haveli, India |
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Tel No.: |
91-260-3296031 |
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Fax No.: |
91-260-2642477 |
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Email : |
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Location : |
Owned |
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Factory 2 : |
Plot No. A, Khasra No. 119, Village |
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Tel. No.: |
91-1332-321700 |
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Fax No.: |
91-1332-235290 |
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E-Mail : |
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Area : |
Owned |
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Factory 3 : |
Plot No. 5, Phase II, Government Industrial Estate |
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E-Mail : |
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Area : |
Owned |
DIRECTORS
(AS ON
30.09.2010)
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Name : |
Mr. Prakash Gigalal Jain |
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Designation : |
Chairman and Managing
Director |
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Address : |
2301/2302, A Wing, Samarth Aangan – 1, Oshiwara, Building
No.21, Andheri (West), Mumbai – 400053, |
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Date of Birth/Age : |
20.02.1956 |
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Qualification: |
B.Com |
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Experience: |
35 Years |
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Date of Appointment : |
01.11.2009 |
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Email : |
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Name : |
Mr. Nirmal Gigalal Jain |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
24.06.1956 |
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Qualification: |
M.com |
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Experience: |
30 Years |
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Date of Appointment : |
01.11.2009 |
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Name : |
Mr. Sambhu Kumar Rikabchand Jain |
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Designation : |
Director |
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Address : |
C – 112, Dheeraj Kirti CHS, New |
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Date of Birth/Age : |
09.09.1966 |
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Qualification: |
C.A, LLB |
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Experience: |
20 Years |
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Date of Appointment : |
01.04.2008 |
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Email : |
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Name : |
Mrs. Sulbha Prakash Jain |
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Designation : |
Director |
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Address : |
2301/2302, A Wing, Samarth Aangan – 1, Oshiwara, Building
No.21, Andheri (West), Mumbai – 400053, |
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Date of Birth/Age : |
14.06.1954 |
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Qualification: |
B.A |
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Experience: |
30 Years |
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Date of Appointment : |
30.09.2010 |
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Name : |
Mr. Nikhil
Jain |
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Designation : |
Executive Director |
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Email : |
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Name : |
Mr. Mahendra
Solanki |
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Designation : |
Executive Director – Works |
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Email : |
KEY EXECUTIVES
|
Name : |
Jitin Prakash and Associates |
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Designation : |
Company Secretary |
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Address : |
A-60/1220 Azadbagar, |
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Tel. No.: |
91-22-26358597 |
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Fax No.: |
91-22-26358598 |
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E-Mail : |
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Name : |
Mr. Jayesh |
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Designation : |
Account Manager |
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Name : |
Mr. G K Pujar |
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Designation : |
Vice-President |
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Email : |
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Name : |
Mr. Mark Perreira |
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Designation : |
Manager Vasai Works |
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Email : |
MAJOR SHAREHOLDERS
(AS ON
30.09.2010)
|
Names of
Shareholders |
No. of Shares |
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Prakash Gigalal Jain |
127200 |
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Nirmal Gigalal Jain |
10 |
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Nikhil Jain |
200 |
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Sulabha Jain |
22590 |
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Total |
150000 |
Equity Share
Breakup (Percentage of Total Equity)
(AS ON
30.09.2010)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer
of Printed/ Slotted Aluminium Sheets/ M. S. Sheets, P. p. Caps, Metal
Printing and Trading of P. P. Caps. |
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Products : |
·
ROPP Closures ·
Printed Metal Sheets ·
Flip-Off / Vial Seals ·
Twist-Off Closures ·
Decorative
Metal Products |
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Terms : |
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Selling : |
Credit (45-60-90-120 Days) |
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Purchasing : |
Credit (45 Days) |
PRODUCTION
STATUS (AS ON 31.03.2010)
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Particulars |
Units |
Installed Capacity |
Actual Production |
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Metal Sheet/
Aluminium Sheets |
MT |
3000 |
2466 |
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P. P. Caps |
Nos. |
18000 |
162408 |
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Tin Containers/ Components |
Nos. |
3000 |
-- |
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GENERAL
INFORMATION
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Suppliers : |
§
§
§
§ Indian Aluminium Company Limited § Hindalco Industries Limited § Inks and Coatings § Coates of India Limited §
§ Akzo Nobel Inks § United Inks and Varnish Company Limited § Surface Coatings Limited §
Binny Wads Private Limited §
DIC Coatings India Limited §
Venus Petro Chemicals Private Limited §
United Inks and Varnish Private Limited |
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Customers : |
§ Advance Agriserach Limited § Amstrin Pharma Private Limited § Bhasin Packwell Private Limited § Burroughs Wellcome Limited §
Cap and Seal ( §
Emil Pharmaceuticals Private Limited § Glaxo- Smithkline Beecham Limited § Ipca Laboratories Limited § Larsen and Toubro Limited § Lupin Laboratories Limited § Makers Laboratories Limited § Mohan Meakin Limited § Nicholas Piramal Limited § Ranbaxy Limited § Phone Poulenc Limited § Shaw Wallace Company Limited § The Himalaya Drug Company Limited § Wyeth Lederle Limited § Wockhardt Limited § Zandu Pharmaceuticals Limited |
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No. of Employees : |
Approximately 148 (Office 18, Factory 79 and
Branches 51) |
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Bankers : |
· The Shamrao Vithal Co-operative Bank Limited, Branches :- Mumbai, Nashik, Silvassa, Goa and · Corporation Bank, SME Marol Branch, Sahar Bonanza Plaza Complex, Andheri Kurla Road, Andheri East, Mumbai – 400059, Maharashtra, India · Times Bank, Silvassa Branch, Silvassa · The Centurian Bank Limited, Mumbai · HDFC Bank Limited, Mumbai |
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Facilities : |
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Banking Relations : |
Satisfactory |
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Auditors : |
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Name : |
Jain and Kothari Chartered Accountant |
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Address : |
43, |
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Tel. No.: |
91-22-22663342 |
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Fax No.: |
91-22-22660267 |
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Email : |
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Associates/Subsidiaries : |
§
Jain Packaging Private Limited 35-K, Laxmi Industrial Estate, New Line of Business: Printed Aluminium Sheets §
Oscar Industries Address: 35-K, Laxmi Industrial Estate, New Activity: PP Caps §
Orbit Packaging Private Limited Address: 35-K, Laxmi Industrial Estate, New Activity: Trading of PP Caps § Pramukh Closures Private Limited SA-12,
Cuncolim Industrial Estate, Salcete,
Goa-403703, Tel No :- 91-832-2764762 §
Nipra Export Private Limited §
Vendhara Resorts Private Limited §
Kaygee Laparox Private Limited §
Cosmos Machinery Company §
Vandana Resorts Private Limited §
Sharp Packaging |
CAPITAL
STRUCTURE
AS ON 31.03.2010
Authorised
Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
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Issued,
Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
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NOTE:
(Out
of above 45000 shares (Oct.-99) were issued for consideration other than cash and
105000 shares (Mar.02) were issued as bonus shares by capitalisation of
accumulated surplus)
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
15.000 |
15.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
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3] Reserves & Surplus |
72.339 |
62.706 |
58.684 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
87.339 |
77.706 |
73.684 |
|
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LOAN FUNDS |
|
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1] Secured Loans |
65.695 |
120.477 |
137.347 |
|
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2] Unsecured Loans |
4.248 |
0.286 |
0.333 |
|
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TOTAL BORROWING |
69.943 |
120.763 |
137.680 |
|
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DEFERRED TAX LIABILITIES |
1.129 |
1.271 |
1.459 |
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|
|
|
|
|
|
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TOTAL |
158.411 |
199.740 |
212.823 |
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APPLICATION OF FUNDS |
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|
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|
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FIXED ASSETS [Net Block] |
56.294 |
59.985 |
49.092 |
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Capital work-in-progress |
0.000 |
1.972 |
14.060 |
|
|
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|
|
|
|
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INVESTMENT |
0.250 |
0.250 |
0.250 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
31.097
|
22.889 |
55.295
|
|
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Sundry Debtors |
157.448
|
148.072 |
148.279
|
|
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Cash & Bank Balances |
3.177
|
7.158 |
24.344
|
|
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Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
17.340
|
12.139 |
12.806
|
|
Total Current Assets |
209.062
|
190.258 |
240.724
|
|
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Less
: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry
Creditors |
96.315
|
47.152 |
88.596
|
|
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Other Current Liabilities |
8.475
|
4.827 |
3.800
|
|
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Provisions |
2.405
|
0.746 |
(1.087)
|
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Total Current Liabilities |
107.195
|
52.725 |
91.309
|
|
|
Net Current Assets |
101.867 |
137.533 |
149.415
|
|
|
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.006 |
|
|
|
|
|
|
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TOTAL |
158.411 |
199.740 |
212.823 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
|
|
|
|
|
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Income (Sales and Services) |
567.598 |
631.569 |
584.100 |
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Other Income |
6.778 |
0.497 |
4.118 |
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|
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TOTAL (A) |
574.376 |
632.066 |
588.218 |
|
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|
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|
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Less |
EXPENSES |
|
|
|
|
|
|
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Material Cost and Inventory Adjustment |
483.556 |
557.007 |
520.489 |
|
|
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Personnel cost |
26.661 |
17.242 |
14.980 |
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|
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Manufacturing and other Expenses |
18.215 |
16.941 |
17.469 |
|
|
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Selling and Administrative Expenses |
12.737 |
11.337 |
11.696 |
|
|
|
|
541.169 |
|
|
|
|
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TOTAL (B) |
|
602.527 |
564.634 |
|
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
33.207 |
29.539 |
23.584 |
|
|
|
|
|
|
|
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Less |
FINANCIAL
EXPENSES (D) |
10.731 |
15.796 |
12.769 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.476 |
13.743 |
10.815 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.495 |
7.623 |
6.413 |
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
14.981 |
6.120 |
4.402 |
|
|
|
|
|
|
|
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Less |
TAX (H) |
5.348 |
2.098 |
1.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.633 |
4.022 |
2.927 |
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.706 |
3.684 |
10.757 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
7.500 |
5.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4.839 |
2.706 |
3.684 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
21.192 |
110.719 |
16.972 |
|
|
|
Capital Goods |
0.000 |
1.784 |
0.000 |
|
|
TOTAL IMPORTS |
21.192 |
112.503 |
16.972 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
64.22 |
27.00 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.68
|
0.64 |
0.50
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.64
|
0.97 |
0.75
|
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total Assets} |
(%) |
5.65
|
2.45 |
1.52
|
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.17
|
0.08 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total
Liability/Networth) |
|
2.03
|
2.23 |
3.11
|
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
1.95
|
3.61 |
2.64
|
LOCAL
AGENCY FURTHER INFORMATION
OPERATING
STATEMENT
RS IN MILLIONS
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
||
|
Gross Sales |
|
|
|
|
|
|
Domestic Existing Sales |
671.059 |
1006.589 |
1107.248 |
1217.9730 |
1339.770 |
|
Domestic New Product |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Gross Sales |
671.059 |
1006.589 |
1107.248 |
1217.9730 |
1339.770 |
|
|
|
|
|
|
|
|
Less : Excise Duty |
46.703 |
70.054 |
77.059 |
84.765 |
93.242 |
|
|
|
|
|
|
|
|
Net Sales |
624.357 |
936.535 |
1030.189 |
1133.207 |
1246.528 |
|
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
10 |
50 |
10 |
10 |
10 |
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed (Including Stores and
Other Items Used in the Process of Manufacture) |
|
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
|
Indigenous |
530.948 |
803.134 |
877.607 |
965.424 |
1061.976 |
|
|
|
|
|
|
|
|
Others Stores and Spares |
2.718 |
4.077 |
4.485 |
4.933 |
5.427 |
|
Power and Fuel |
12.143 |
18.214 |
20.036 |
22.039 |
24.243 |
|
Direct Labour |
23.687 |
35.531 |
39.084 |
42.993 |
47.292 |
|
Other Manufacturing Expenses |
5.176 |
7.763 |
8.540 |
9.394 |
10.333 |
|
Depreciation |
8.035 |
19.711 |
16.170 |
14.229 |
12.522 |
|
|
|
|
|
|
|
|
Sub
Total |
582.707 |
888.431 |
965.921 |
1059.012 |
1161.793 |
|
|
|
|
|
|
|
|
Add : Opening Stocks – in – process |
11.488 |
11.396 |
17.257 |
18.855 |
20.671 |
|
|
|
|
|
|
|
|
Sub
Total |
594.195 |
899.826 |
983.178 |
1077.867 |
1182.464 |
|
|
|
|
|
|
|
|
Deduct : Closing Stock – in – Process |
11.396 |
17.257 |
18.855 |
20.671 |
22.677 |
|
|
|
|
|
|
|
|
Cost
of production |
582.800 |
882.569 |
964.323 |
1057.196 |
1159.787 |
|
|
0.93 |
0.94 |
0.94 |
0.93 |
0.93 |
|
Add : Opening Stock of finished goods |
4.446 |
4.827 |
7.294 |
7.986 |
8.755 |
|
|
|
|
|
|
|
|
Sub
– Total |
587.246 |
887.396 |
971.617 |
1065.182 |
1168.542 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock – in - finished goods |
4.827 |
7.294 |
7.986 |
8.755 |
9.604 |
|
|
|
|
|
|
|
|
Total
Cost of Sales |
582.419 |
880.102 |
963.631 |
1056.427 |
1158.937 |
|
|
0.93 |
0.94 |
0.94 |
0.93 |
0.93 |
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
13.500 |
15.000 |
16.500 |
18.000 |
19.500 |
|
|
|
|
|
|
|
|
Sub
– Total |
595.919 |
895.102 |
980.131 |
1074.427 |
1178.437 |
|
|
|
|
|
|
|
|
Operating
Profit Before Interest |
28.438 |
41.433 |
50.058 |
58.781 |
68.091 |
|
|
4.6% |
4.4% |
4.9% |
5.2% |
5.5% |
|
|
|
|
|
|
|
|
Interest and
Bank Charges |
|
|
|
|
|
|
On Term Loan |
2.033 |
9.864 |
7.395 |
5.387 |
3.479 |
|
On Working Capital and other |
9.600 |
14.400 |
15.840 |
17.280 |
18.720 |
|
|
|
|
|
|
|
|
Operating
Profit after Interest |
16.804 |
17.169 |
26.823 |
36.114 |
45.893 |
|
|
|
|
|
|
|
|
Add : Non- Operating income |
0.530 |
0.600 |
0.700 |
0.800 |
0.900 |
|
|
|
|
|
|
|
|
Deduct Non –Operating Expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net
of other non operating Income
/ Expenses |
0.530 |
0.600 |
0.700 |
0.800 |
0.900 |
|
|
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
17.334 |
17.769 |
27.523 |
36.914 |
46.793 |
|
|
2.78% |
1.90% |
2.67% |
3.26% |
3.75% |
|
|
|
|
|
|
|
|
Provision for taxes |
5.200 |
5.331 |
8.257 |
11.074 |
14.038 |
|
|
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
12.134 |
12.438 |
19.266 |
25.840 |
32.755 |
|
|
|
|
|
|
|
|
Retained Profit |
12.134 |
12.438 |
19.266 |
25.840 |
32.755 |
|
|
|
|
|
|
|
|
Retained Cash Profit |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
PBIDT |
25.369 |
37.480 |
43.693 |
51.143 |
59.314 |
|
|
|
|
|
|
|
|
PBIDT % age to net sales and Other income |
4.06% |
4.00% |
4.24% |
4.51% |
4.75% |
|
|
|
|
|
|
|
|
Debt
Services Coverage Ratio Calculations |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
12.134 |
12.438 |
19.266 |
25.840 |
32.755 |
|
Add: Depreciation |
8.035 |
19.711 |
16.170 |
14.229 |
12.522 |
|
Net Cash Accruals |
20.169 |
32.149 |
35.436 |
40.069 |
45.277 |
|
|
|
|
|
|
|
|
Repayment Obligation for T. L. |
6.956 |
7.500 |
7.500 |
7.500 |
1.500 |
|
|
|
|
|
|
|
|
DSCR |
2.90 |
4.29 |
4.72 |
5.34 |
30.18 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Borrowings From Banks (Including Bills
Purchased, Discounted) |
|
|
|
|
|
|
From Applicant Bank |
100.000 |
150.000 |
165.000 |
180.000 |
195.000 |
|
From other Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub
- Total |
100.000 |
150.000 |
165.000 |
180.000 |
195.000 |
|
|
|
|
|
|
|
|
Short Term Borrowings From Others |
-- |
-- |
-- |
-- |
-- |
|
Sundry Creditors (Trader) |
43.640 |
66.011 |
72.132 |
79.350 |
87.286 |
|
Sundry Creditors for Capital Assets |
-- |
-- |
-- |
-- |
-- |
|
Advances Payment from customers |
-- |
-- |
-- |
-- |
-- |
|
Provision for Taxation |
-- |
-- |
-- |
-- |
-- |
|
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
|
Other Statutory Liabilities (due within one years) |
-- |
-- |
-- |
-- |
-- |
|
Deposits/ Installments of term – old Loans/ DPGs/
Debentures etc – New |
-- |
-- |
-- |
-- |
-- |
|
Other current Liabilities and Provisions (due within one
years) |
10.000 |
10.000 |
12.000 |
12.000 |
130000 |
|
|
|
|
|
|
|
|
SUB
TOTAL |
53.640 |
76.011 |
84.132 |
91.350 |
100.286 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES
|
153.640 |
226.011 |
249.132 |
271.350 |
295.286 |
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures [not maturing within one year] |
-- |
-- |
-- |
-- |
-- |
|
Preference Shares [Redeemable after 1 year] |
-- |
-- |
-- |
-- |
-- |
|
Term loans – Old |
8.921 |
2.921 |
-- |
-- |
-- |
|
New Term Loans |
80.000 |
68.075 |
52.175 |
36.275 |
20.375 |
|
Deferred Sales Tax / Deferred Loan Deferred Payment Credit
[Excluding installments due within one year] |
1.129 |
1.129 |
1.129 |
1.129 |
1.129 |
|
Term deposit [repayable after one year] |
2.500 |
2.500 |
-- |
-- |
-- |
|
other Term Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
92.550 |
74.625 |
53.304 |
37.404 |
21.504 |
|
|
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES
|
246.190 |
300.636 |
302.436 |
308.754 |
316.790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Ordinary Shares Capital |
15.000 |
15.000 |
15.000 |
15.000 |
15.000 |
|
General Reserve |
60.000 |
60.000 |
60.000 |
60.000 |
60.000 |
|
Partners Capital/ capital Brought in by Proprietor |
-- |
-- |
-- |
-- |
-- |
|
Revolution Reserve |
-- |
-- |
-- |
-- |
-- |
|
Reserves and Surplus |
-- |
-- |
-- |
-- |
-- |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
24.473 |
36.911 |
56.178 |
82.018 |
114.772 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH |
99.473 |
111.911 |
131.178 |
157.018 |
189.772 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
345.663 |
412.548 |
433.614 |
465.771 |
506.562 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
4.185 |
2.149 |
8.029 |
17.617 |
28.690 |
|
Investments [Other than long term investments] |
-- |
-- |
-- |
-- |
-- |
|
Receivables other than exports receivables [Including
bills purchased and discounted by banks] |
139.80.4 |
209.706 |
230.677 |
253.744 |
253.744 |
|
Fixed deposit with bank |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Inventory
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Imported Raw Materials |
-- |
-- |
-- |
-- |
-- |
|
Indigenous Raw Materials |
21.820 |
33.006 |
36.066 |
39.675 |
43.643 |
|
|
|
|
|
|
|
|
Consumables |
0.561 |
1.124 |
0.340 |
0.374 |
0.411 |
|
|
|
|
|
|
|
|
Stock in Process |
11.396 |
17.257 |
18.855 |
20.671 |
22.677 |
|
|
|
|
|
|
|
|
Finished Goods |
4.827 |
7.294 |
7.986 |
8.755 |
9.604 |
|
|
|
|
|
|
|
|
Advance to Suppliers of Raw materials and Stores/ Spares |
7.500 |
7.500 |
12.500 |
20.000 |
30.000 |
|
|
|
|
|
|
|
|
Advance Payment of Taxes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Current Assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
190.655 |
277.251 |
314.487 |
360.874 |
360.874 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
201.069 |
201.069 |
201.069 |
201.069 |
201.069 |
|
Depreciation to date |
46.611 |
66.322 |
82.492 |
96.721 |
109.243 |
|
|
|
|
|
|
|
|
NET
BLOCK |
154.458 |
134.747 |
118.577 |
104.348 |
91.826 |
|
|
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in sub |
-- |
-- |
-- |
-- |
-- |
|
Investment in Others |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
|
Other Deposits and loans |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
Other Non-Current Investment |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.550 |
0.550 |
0.550 |
0.550 |
0.550 |
|
|
|
|
|
|
|
|
INTANGIBLE
ASSETS |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
345.663 |
412.548 |
433.614 |
465.772 |
506.562 |
|
|
|
|
|
|
|
|
Tangible Net Worth (TNW) |
99.473 |
111.911 |
131.178 |
157.018 |
189.772 |
|
|
|
|
|
|
|
|
Net Working Capital (NWC) |
37.015 |
51.239 |
65.354 |
89.523 |
118.900 |
|
|
|
|
|
|
|
|
Current Ratio |
1.24 |
1.23 |
1.26 |
1.33 |
1.40 |
|
|
|
|
|
|
|
|
Total Outside Liabilities
|
2.47 |
2.69 |
2.31 |
1.97 |
1.67 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
||
|
|
|
|
|
|
|
|
Raw Materials |
21.820 |
33.006 |
36.066 |
39.675 |
43.643 |
|
Months Consumption |
0.49 |
0.49 |
0.49 |
0.49 |
0.49 |
|
|
|
|
|
|
|
|
Other consumable spares |
1.124 |
0.340 |
0.374 |
0.411 |
0.452 |
|
|
|
|
|
|
|
|
Stock in process |
11.396 |
17.257 |
18.855 |
20.671 |
22.677 |
|
Months cost of production |
0.23 |
0.24 |
0.24 |
0.24 |
0.24 |
|
|
|
|
|
|
|
|
Finished goods |
4.827 |
7.294 |
7.986 |
8.755 |
9.604 |
|
Months cost of sales |
0.10 |
0.10 |
0.10 |
0.10 |
0.100 |
|
|
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
139.804 |
209.706 |
230.677 |
253.744 |
279.119 |
|
Months domestic sales |
2.50 |
2.50 |
2.50 |
2.50 |
2.50 |
|
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
-- |
-- |
-- |
-- |
-- |
|
Months export sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
7.500 |
7.500 |
12.500 |
20.000 |
30.000 |
|
|
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
4.185 |
2.149 |
8.029 |
17.617 |
28.690 |
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
190.655 |
277.251 |
314.487 |
360.874 |
414.186 |
|
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
43.640 |
66.011 |
72.132 |
79.350 |
87.286 |
|
Months Consumption |
0.97 |
0.97 |
0.98 |
0.98 |
0.98 |
|
|
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Statutory liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
10.000 |
10.000 |
12.000 |
12.000 |
13.000 |
|
|
|
|
|
|
|
|
TOTAL |
53.640 |
76.011 |
84.132 |
91.350 |
100.286 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
||
|
|
|
|
|
|
|
|
Total current assets |
190.655 |
277.251 |
314.487 |
360.874 |
414.186 |
|
|
|
|
|
|
|
|
Current Liabilities |
53.640 |
76.011 |
84.132 |
91.350 |
100.286 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Working capital gap [WCG] |
137.015 |
201.240 |
230.355 |
269.524 |
313.900 |
|
|
|
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
47.664 |
69.313 |
78.622 |
90.218 |
103.546 |
|
|
|
|
|
|
|
|
Actual / Projected net working capital |
37.015 |
51.239 |
65.354 |
89.523 |
118.900 |
|
|
|
|
|
|
|
|
Item 3 minus item 4 |
89.352 |
131.927 |
151.733 |
179.305 |
210.354 |
|
|
|
|
|
|
|
|
item 3 minus item 5 |
100.000 |
150.000 |
165.000 |
180.000 |
195.000 |
|
|
|
|
|
|
|
|
Maximum permissible bank finance |
89.352 |
131.927 |
151.733 |
179.305 |
195.000 |
|
|
|
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW
STATEMENT
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
||
|
SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit (After Tax) |
12.134 |
12.438 |
19.266 |
25.840 |
32.755 |
|
Depreciation |
8.035 |
19.711 |
16.170 |
14.229 |
12.522 |
|
Increase in Capital |
-- |
-- |
-- |
-- |
-- |
|
Increase in Term Liabilities |
71.037 |
(17.925) |
(21.321) |
(15.900) |
(15.900) |
|
Decrease in: |
|
|
|
|
|
|
- Fixed Assets |
-- |
-- |
-- |
-- |
-- |
|
- Other Non Current Assets |
-- |
-- |
-- |
-- |
-- |
|
- Intangible Assets |
-- |
-- |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
SUB TOTAL |
91.206 |
14.224 |
14.115 |
24.169 |
29.377 |
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Capital |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Term Liabilities (Including Public deposits) |
-- |
-- |
-- |
-- |
-- |
|
Increase in: |
|
|
|
|
|
|
- Fixed Assets |
106.200 |
-- |
--- |
-- |
-- |
|
- Other Non Current Assets |
7.200 |
-- |
-- |
-- |
-- |
|
- Intangible Assets |
-- |
-- |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
SUB TOTAL |
106.272 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
(15.066) |
14.224 |
14.115 |
24.169 |
29.377 |
|
|
|
|
|
|
|
|
Increase/ decrease in Current Assets |
(18.180) |
86.596 |
37.236 |
46.387 |
53.312 |
|
|
|
|
|
|
|
|
Increase/ decrease in current Liabilities other than Bank Borrowings |
(53.555) |
22.371 |
8.121 |
7.218 |
8.936 |
|
|
|
|
|
|
|
|
Increase / Decrease in Working Capital Gap |
35.375 |
64.224 |
29.115 |
39.169 |
44.376 |
|
|
|
|
|
|
|
|
Net Surplus [+] / Deficit [-] [Difference of 3 & 6] |
(50.441) |
(50.000) |
(15.000) |
(15.000) |
(15.000) |
|
|
|
|
|
|
|
|
Increase / Decrease in Bank Borrowings |
50.441 |
50.000 |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
|
|
INCREASE / DECREASE IN NET SALES |
56.760 |
312.178 |
93.654 |
103.019 |
113.321 |
|
|
|
|
|
|
|
|
BREAK UP OF (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Raw Materials |
7.219 |
11.186 |
3.061 |
3.609 |
3.968 |
|
|
|
|
|
|
|
|
Increase/ Decrease in Stocks in Process |
(0.092) |
5.861 |
1.599 |
1.816 |
2.006 |
|
|
|
|
|
|
|
|
Increase/ Decrease in Finished Goods |
0.381 |
2.467 |
0.692 |
0.769 |
0.850 |
|
|
|
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
|
|
|
- Domestic |
(17.644) |
69.902 |
20.971 |
23.068 |
25.374 |
|
- Export |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase/ Decrease in Stores and Spares |
0.563 |
(0.784) |
0.034 |
0.037 |
0.041 |
|
|
|
|
|
|
|
|
Increase/ Decrease in Other current Assets |
(8.606) |
(2.036) |
10.880 |
17.088 |
21.073 |
------------------------------------------------------------------------------------------------------------------------------
MRS. SULBHA P. JAIN
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.890 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.476 |
|
|
TOTAL BORROWING |
|
|
0.476 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.366 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.781 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.220 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.535 |
|
|
Other Current Assets |
|
|
0.126 |
|
|
Loans & Advances |
|
|
2.704 |
|
Total Current Assets |
|
|
3.365 |
|
|
Less
: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry
Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
3.365 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.366 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. PRAKASH JAIN
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
Amount |
Particulars |
Amount |
|
|
|
|
|
|
To Bank charges |
0.007 |
By Balance b/f |
20.626 |
|
To Insurance
Charges |
0.003 |
By Bank/ FDR
Interest |
0.012 |
|
To Mediclaim
Insurance |
0.018 |
By Directors
remuneration and commission |
8.597 |
|
To Electricity
Charges |
0.016 |
By Dividend |
0.017 |
|
To Interest on
Loans |
0.960 |
By Interest on
Loan given |
0.302 |
|
To Interest on
Housing Lona |
0.078 |
By Annuity
Received (Policy No. 906396009) |
0.064 |
|
To Society
Charges |
0.056 |
By Annuity Received (Policy No. 916908750) |
0.080 |
|
To Fees and
Charges |
0.000 |
By Interest
Received on PPF |
0.070 |
|
To Service Tax on
Shares Purchases/ Sold |
0.000 |
By Long Term
Capital Gain |
1.294 |
|
To LIC Jeevan
Dhara Plan |
0.060 |
By Share of
Profit form Oscar Industries (A
partnership firm) |
3.781 |
|
To Drawings
Household Expenses |
0.190 |
By Share of
Profit from Sharp Packaging (A partnership firm) |
0.076 |
|
To Professional
Tax |
0.002 |
|
|
|
To Income Tax
(FY. 2009-10) |
2.498 |
|
|
|
To Gift Given to
Dipti |
0.500 |
|
|
|
|
|
|
|
|
To Balance
Transferred to Balance sheet |
30.531 |
|
|
|
|
|
|
|
|
Total |
34.919 |
Total |
34.919 |
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.531 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
30.531 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
20.053 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
20.053 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
50.584 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
16.013 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
29.642 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.525 |
|
|
Other Current Assets |
|
|
0.300 |
|
|
Loans & Advances |
|
|
4.104 |
|
Total Current Assets |
|
|
4.929 |
|
|
Less
: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.000 |
|
|
|
|
|
4.929 |
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
50.584 |
|
------------------------------------------------------------------------------------------------------------------------------
NIPRA-AMLI-PIPARIA-ROORKEE-UMARGAON-10-11
PROFIT AND LOSS A/C
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
522.945 |
|
|
|
Other Income |
|
|
2.798 |
|
|
|
TOTAL (A) |
|
|
525.743 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
425.414 |
|
|
|
Administrative Expenses |
|
|
6.055 |
|
|
|
Manufacturing Expenses |
|
|
10.181 |
|
|
|
Manufacturing Taxes and Rates |
|
|
42.709 |
|
|
|
Salaries and Wages |
|
|
15.396 |
|
|
|
TOTAL (B) |
|
|
499.755 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
25.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
7.641 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
18.347 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
5.604 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
|
|
12.743 |
|
--------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Name of the Owner/Owners |
M/s Nipra
Industries Private Limited |
|
|
|
|
Address of the
property valued |
Plot No. 108
(Bungalow), S. No. 9/1, Village —
Lavachha, Taluka Pardi,
Dist — Valsad. |
|
|
|
|
Location |
Situated at app. 6
Kms. From Silvassa Bus Stand and 10 Kms. from Vapi Rly. Station |
|
|
|
|
Purpose of
Valuation |
To assess fair
market Value. |
|
|
|
|
Date as on which
Valued |
02/04/2010. |
|
|
|
|
Nearest Landmark |
Mr. Ambika Park |
|
|
|
|
Site Locations |
North: Road South: Bungalow East: Open Plot West: Bungalow |
|
|
|
|
Plan Approved by |
Lavachha Gram
Panchayat |
|
|
|
|
Freehold/Lease
Hold |
Freehold |
|
|
|
|
Land Area |
200 Sq. m. |
|
|
|
|
Built up area |
App. 1163 Sq. Ii.
(108 Sq.m) |
|
|
|
|
Year of
Completion |
1995 |
|
|
|
|
Estimated Future
Life |
40 years |
|
|
|
|
Description of
the Building |
G + 1 Storied
Building, R.C.C. Frame Structure |
|
|
|
|
Description of
the Bungalow |
Two Bedrooms,
Living Room, Kitchen, |
|
|
|
|
Flooring |
Marble Flooring |
|
|
|
|
Doors and Windows |
Flush Doors and
Wooden Windows with Glass |
|
|
|
|
Kitchen |
Granite Kitchen
Platform |
|
|
|
|
|
IWC and Open
Plumbing |
|
|
|
|
Electrical Wiring |
Surface Wiring |
|
|
|
|
Basic Amenities |
Water,
Electricity and Drainage Were Available. |
|
|
|
|
Observation |
At the time of
inspection the Bungalow was in locked condition. |
|
|
|
|
Replacement Cost
for Insurance Purpose |
= Built up area x
Construction rate = 1,163 Sq. ft. x
Rs.850/- Sq. ft. = 9,88,550/- Say
9,89,000/- |
|
|
|
|
Summary of
Valuation |
The Valuation of
the Bungalow is based on prevalent Market Rate in
the area. |
|
|
|
|
Value of Land (A) |
= Land Area x
Market Rate = 200 Sq. m x
Rs.2500/- Sq. m = Rs.5,00,000/- |
|
|
|
|
Value of Building
(B) |
= Built up area x
Construction rate = 1,163 Sq. ft x
Rs.1000 Sq. ft. = Rs.11,63,000/- |
|
|
|
|
Total Market
Value of The Bungalow |
(A) Rs.5,00,000/-
+ (B) Rs.11,63,000/- Rs.16,63.000/- Say
17,00,000/- |
VALUATION REPORT
|
Address of the
Property Being Valued |
Flat No.1, Ground
Floor, Basera Housing Complex, Bldg. No. E1 Amli Silvasa, Dadra and Nagar
Haveli (U.T.) Pin : 396191. |
|
|
|
|
Purpose of
Valuation |
Business Loan |
|
|
|
|
Date of Valuation |
02/04/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
This Property is
Located near fountain and at a distance of 3 Kms from Bus Stand and 14- 15
Kms. from Vapi Railway Station |
|
|
|
|
Whether
Lease-hold or Freehold |
|
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
1990 |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Building is Ground
+ 2 Storied R.C.C. structure without lift Flat No1 (E- 1) is One Bed Room,
Hall, Kitchen flat with Kudappa Platform, Marble Mosaic Flooring and Casing /
Capping type wiring is provided in the entire Flat. Built Up Area = 525.00 Sq. Ft. Considering
location, above specifications, Age of building, Present Market Trends, Unit
rate of Rs.1000/-Sq.ft. of Built up area is adopted for Valuation of Flat. Valuation :- 1000/- x 525/- = 5,25,000/- 1) Fair Market Value Rs.5,25,000/- 2) Distress Sales Value Rs.4,20.000/- (b) The Building
20 years old, with periodical structural audit and proper regular
maintenance, They estimate a future life of 30 years, adopting a full life of
50 years. The net value of Flat No.1 (E1) is Rs.0.525 Millions. |
|
VALUATION REPORT
|
Address of the
Property Being Valued |
Flat No.9, 1st
Floor, Basement Housing Complex, Building No.E-3 Amli Silvasa, Dadra and
Nagar HAveli (U.T.), Pin: 396191. |
|
|
|
|
Purpose of
Valuation |
Business Loan |
|
|
|
|
Date of Valuation |
02/04/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
This Property is Located
near fountain and at a distance of 3 Kms from Bus Stand and 14- 15 Kms. from
Vapi Railway Station |
|
|
|
|
Whether
Lease-hold or Freehold |
|
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
1990 |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Building is Ground
+ 2 Storied R.C.C. structure without lift Flat No.9, (B-3) is One Room,
Kitchen flat with Kudappa Platform, Marble Mosaic Flooring and Casing /
Capping type wiring is provided in the entire Flat. Built Up Area = 315.00 Sq. Ft. Considering
location, above specifications, Age of building, Present Market Trends, Unit
rate of Rs.1000/-Sq.ft. of Built up area is adopted for Valuation of Flat. Valuation :- 1000/- x 315/- = 3,15,000/- 1) Fair Market Value Rs.3,15,000/- 2) Distress Sales Value Rs.2,50,000/- (b) The Building
20 years old, with periodical structural audit and proper regular
maintenance, They estimate a future life of 30 years, adopting a full life of
50 years. The net value of Flat No.9 (B-3) is Rs.0.315 Millions. |
|
VALUATION REPORT
|
Address of the
Property Being Valued |
Flat No. 13, 1st
Floor, Basera Housing Complex, Bldg. No.E1 Amli Silvasa, Dadra and Nagar
Haveli (U.T.) Pin: 396191. |
|
|
|
|
Purpose of
Valuation |
Business Loan |
|
|
|
|
Date of Valuation |
02/01/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
This Property is Located
near fountain and at a distance of 3 Kms from Bus Stand and 14- 15 Kms. from
Vapi Railway Station |
|
|
|
|
Whether
Lease-hold or Freehold |
|
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
1990 |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Building is Ground
+ 2 Storied R.C.C. structure without lift Flat No.13, (E-1) is One Room,
Kitchen flat with Kudappa Platform, Marble Mosaic Flooring and Casing /
Capping type wiring is provided in the entire Flat. Built Up Area = 315.00 Sq. Ft. Considering location,
above specifications, Age of building, Present Market Trends, Unit rate of
Rs.1000/-Sq.ft. of Built up area is adopted for Valuation of Flat. Valuation :- 1000/- x 315/- = 3,15,000/- 1) Fair Market Value Rs.3,15,000/- 2) Distress Sales Value Rs.2,50,000/- (b) The Building
is 20 years old, with periodical structural audit and proper regular
maintenance, They estimate a future life of 30 years, adopting a full life of
50 years. The net value of Flat No.13(E1) is Rs.3,15,000/- |
|
VALUATION REPORT
|
Address of the
Property Being Valued |
Flat No. 14, 1st
Floor, Basera Housing Complex, Bldg. No.E1 Amli Silvasa, Dadra and Nagar
Haveli (U.T.) Pin: 396191. |
|
|
|
|
Purpose of
Valuation |
Business Loan |
|
|
|
|
Date of Valuation |
02/04/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
This Property is Located
near fountain and at a distance of 3 Kms from Bus Stand and 14- 15 Kms. from
Vapi Railway Station |
|
|
|
|
Whether
Lease-hold or Freehold |
|
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
1990 |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Building is Ground
+ 2 Storied R.C.C. structure without lift Flat No.14, (E-1) is One Room,
Kitchen flat with Kudappa Platform, Marble Mosaic Flooring and Casing /
Capping type wiring is provided in the entire Flat. Built Up Area = 315.00 Sq. Ft. Considering
location, above specifications, Age of building, Present Market Trends, Unit
rate of Rs.1000/-Sq.ft. of Built up area is adopted for Valuation of Flat. Valuation :- 1000/- x 315/- = 3,15,000/- 1) Fair Market Value Rs.3,15,000/- 2) Distress Sales Value Rs.2,50,000/- (b) The Building
is 20 years old, with periodical structural audit and proper regular
maintenance, They estimate a future life of 30 years, adopting a full life of
50 years. The net value of Flat No.13(E1) is Rs.3,15,000/- |
|
VALUATION REPORT
|
Address of the
Property Being Valued |
Flat No. 01,
Ground Floor, Basera Housing Complex, Bldg. No.B-3 Amli Silvasa, Dadra and
Nagar Haveli (U.T.) Pin: 396191. |
|
|
|
|
Purpose of
Valuation |
Business Loan |
|
|
|
|
Date of Valuation |
02/04/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
This Property is Located
near fountain and at a distance of 3 Kms from Bus Stand and 14- 15 Kms. from
Vapi Railway Station |
|
|
|
|
Whether
Lease-hold or Freehold |
|
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
1990 |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Building is Ground
+ 2 Storied R.C.C. structure without lift Flat No.01, (B-3) is One Bed Room,
Hall, Kitchen flat with Kudappa Platform, Marble Mosaic Flooring and Casing /
Capping type wiring is provided in the entire Flat. Built Up Area = 625.00 Sq. Ft. Considering
location, above specifications, Age of building, Present Market Trends, Unit
rate of Rs.1000/-Sq.ft. of Built up area is adopted for Valuation of Flat. Valuation :- 1000/- x 625/- = 625,000/- 1) Fair Market Value Rs.625,000/- 2) Distress Sales Value Rs.500,000/- (b) The Building
is 20 years old, with periodical structural audit and proper regular
maintenance; They estimate a future life of 30 years, adopting a full life of
50 years. The net value of Flat No.1(B-3) is Rs.625,000/- |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION OF
INDUSTRIAL ASSETS
(LAND
AND STRUCTURE THEREON)
AT
PLOT NO. 43 AND 44 SURVEY NO.
126 (8)
VILLAGE AMLI, DADRA AND NAGAR
HAVELI (
DETAILS OF INSPECTION OF
OBSERVATION THEREON ARE AS UNDER.
|
Date of Visit |
02/04/2010 |
|
|
|
|
Person Contacted |
Mr. Mukesh Gandhi |
|
|
|
|
Name of the Owner |
Nipra Industries Private Limited |
|
|
|
|
Address of the Property |
PIot No.43 and 44 Survey No. 126 (8), Village Amli. Dadra and Nagar Haveli, ( |
|
|
|
|
Land Area |
a) Plot No. 43: 1775.00 Sq. Mts. b) Plot No. 44: No Land. Total : 1775.00 Sq. Mts. |
|
|
|
|
Location |
It is Located at
a distance of 17 k.m. from Vapi RIy Station adjacent to Amli Industrial
estate. Located apposite S.K. Plastic Industries Limited and Minitoys Private
Limited (R - 100/91/453) |
|
|
|
|
Site Development |
There is compound
wall along periphery of the plot with MS. Gate (5 Nos.) There is a R.C.C.
paving in the Compound Bore well (1 No.) is provided for supply of water. |
BUILDING DETAILS OF STRUCTURE
ARE AS UNDER (THERE ARE TWO MAIN STRUCTURE)
|
1. Ground + 1 storied R.C’.C. structure with A.C.C. sheet Roofing
comprising of office PP cap Fabrication Maintenance Room + Excise Office
Canteen + Toilet Block + Tool Room |
= 2 x 170’ 06” x 56 — 19096.00 Sq. ft. + = 37’ x 14’6” = 5365.00 Sq. ft Total 24,461.00 Sq. ft. |
|
|
|
|
2. Load Bearing Structure with A.C. Sheet Roofing having height of 20
to 30 feet |
= 142’.6’ x 50” = 7125.00 Sq. ft + = 30’ x 25’.3” = 757.5 Sq. ft. Total = 7882.50 Sq. ft Say 7882.00 Sq. ft |
|
|
|
|
3. Area between 43 and 44 is covered with A.C. Sheet Roofing and is
used for parking and storage |
19’ x 110’.6” + 13’ x 142’.6” = 3952.00 Sq. ft |
|
|
|
|
4. Extended Area for L.P.G. Storage Lean to Roof Shed |
61‘.6” x 29’ + 51’ x 39’.6” = 3798. Sq. ft. |
|
|
|
|
5. Workshop and storage area, Load baring structure with A.C. Sheet
Roofing |
80’.6”x 14’ = 1127 Sq. ft. |
|
|
|
|
6. Canteen Area |
27’.6” x 9 .6’ = 261.25 Sq. ft. Say 261.00 Sq. ft. |
|
|
|
|
7. Paint Storage |
18’.6” x 9’.6” = 175.75 Sq. ft Say 176 Sq. ft. |
|
|
|
|
8. Watchmen Cabin |
7’.9’ x 7’.9” = 60 Sq. ft. |
|
|
|
|
Valuation of Land :- |
Considering
Present market trend, unit rate of Rs.2500/— per Sq. mt. of land |
|
|
|
|
Site Development |
Lump sum amount of 5,00,000/- is considered for site Development. |
BUILDING WISE VALUATION ARE AS
UNDER
|
Name
of Structure |
Area (in
Sq. ft) |
Unit
Rate Rs.
/ Sq. Ft. |
Total
Amount (Rs.
in Millions) |
|
|
|
|
|
|
Ground + 1 Storied Building |
24461 |
Rs.600/- |
14.677 |
|
|
|
|
|
|
Load Bearing Structure with A.C. Sheet
Roofing |
7882 |
Rs.800/- |
6.306 |
|
|
|
|
|
|
Area Between Plot No. 43 and Plot No.44 |
3952 |
Rs.300/- |
1.186 |
|
|
|
|
|
|
Storage Area |
1127 |
Rs.250/- |
0.282 |
|
|
|
|
|
|
Canteen Area |
261 |
Rs.200/- |
0.052 |
|
|
|
|
|
|
Paint Storage |
176 |
Rs.200/- |
0.035 |
|
|
|
|
|
|
Watchmen Cabin |
60 |
Rs.25/- |
0.015 |
|
|
|
|
|
|
Total |
22.552 |
||
SUMMARY OF VALUATION
OF
LAND AND STRUCTURE THEREON
AT
PLOT NO. 43 AND 44 SURVEY NO.
126 (8)
VILLAGE AMLI, DADRA AND NAGAR
HAVELI (
|
Description
of Assets |
Amount
(Rs.
In Millions) |
|
|
|
|
Land |
4.438 |
|
Site Development |
0.500 |
|
Building |
22.500 |
|
|
|
|
TOTAL
|
27.438 |
------------------------------------------------------------------------------------------------------------------------------
OF VALUATION
OF
INDUSTRIAL ASSETS
OF
NIPRA INDUSTRIES PRIVATE
LIMITED
AT
PLOT NO. 05, GOVERNMENT
INDUSTRIAL ESTATE
OF
PIPARIA PHASE II- SILVASA (
|
Description
of Assets |
Amount
(Rs.
In Millions) |
|
|
|
|
Land |
2.500 |
|
Site Development |
0.200 |
|
Building |
2.390 |
|
Machinery |
2.131 |
|
|
|
|
TOTAL
|
7.221 |
VALUATION REPORT
|
Valuation Done by |
M/S. R. D.
Ashtaputre and Associates For Corporation
Bank, (SME),Marol Branch Andheri (E), Mumbai
— 400059. |
|
|
|
|
Purpose of
Valuation |
To determine Fair
Market Value of the Land and Structure thereon as required by Bank. |
|
|
|
|
Date of Valuation |
02/04/2010 |
|
|
|
|
Name(s) of Person
or persons in whose name(s) the property stands registered |
M/s Nipra
Industries Private Limited |
|
|
|
|
Location of the
Property |
Property is
Located in Dhanudyog Industrial Estate @ 12-14 Kms from Vapi Rly Station. |
|
|
|
|
Whether
Lease-hold or Freehold |
99 Years (from
1986) Lease Hold from the Administration of Dadra and Nagar Haveli. |
|
|
|
|
Municipal
Valuation for Tax Purpose (if available ) |
Not. Available |
|
|
|
|
Year, in which
the property was constructed. |
@ 25 years Old |
|
|
|
|
Please state, if
entire property is used by owners themselves or hired out to tenant. |
Used by Owners |
|
|
|
|
(a) Area of Land as per Agreement is 1000 Sq. mts. (b) Site Development: - There is 6’.00” stone Mosonry Compound Wall along periphery of the Plot, I.P.S. flooring is provided in the compound. (c) Building is load hearing structure with A.C. sheet0 roofing height of shed is 18’ to 25’ Measurements of
Premises are as under: 1) Load Bearing shed with A.C. Sheet 64’.03” x 51’.00” = 3276.75 Roofing Say 3277.00 2) Extended Shed 59’.02” x 15’. + 8’.09” x 24’.04” + 54’ x .24” = 3879.77 3) Small Office 16’.08” x 09’.07” = 159.60 4) Store Room 28’.08”x 10’.05” = 150.7 5) Watchman Cabin 08’.07” x 09’.07” 66’.09” VALUATION Unit rate of
Rs.2,500/- Sq. Mtr is adopted for Valuation of Land. 1) Land Rs.2500/-
x 1000 = 25,00,000/- 2) Site
Development:- Lump sum Amount of Rs.2,00,000/- is considered for site
development including compound wall and M.S. Gate 3) Building Unit
Rate of Rs.400/- per Sq. ft. is considered for 3277 x 400 =
13,10,800/- 4320 x 250 =
10,80,000/- Total = 23,90,800/- Summary of Valuation 1) Land =
25,00,000/- 2) Site
Development = 2,00,000/- 3) Building =
23,90,800/- Total =
50,90,800/- Say 51,00,000/- |
|
PLANT AND MACHIENRY
OF
NIPRA INDUSTRIES PRIVATE
LIMITED
|
Description
of the Equipment |
Qty
|
Fair
Market Valuation (Rs.
In Millions) |
|
|
|
|
|
1 M. T. Power Press |
1 No. |
0.016 |
|
20 M.T. Power Press |
1 No. |
0.050 |
|
10 M.T. Power Press |
1 No. |
0.040 |
|
20 M.T. Power Press |
4 No. |
0.440 |
|
10 M.T. Power Press |
9 No. |
0.500 |
|
10 M.T. Power Press |
1 No. |
0.120 |
|
10 M.T. Power Press |
1 No. |
0.065 |
|
Mecholonic Side Seam Welding Machine with
Carrier |
1 No. |
0.450 |
|
40 M.T. Power Press |
1 No. |
0.450 |
|
|
|
|
|
|
|
|
|
TOTAL
|
2.131 |
|
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U36900DN1999PLC000142 |
|
Name of the
company |
NIPRA INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 44-126, Amli Industrial Estate, Opposite 66 KVA
Station, Amli, Silvassa – 396230, |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Corporation Bank, SME Marol Branch, Sahar Bonanza Plaza complex, Andheri Kurla Road, Andheri East, Mumbai – 400059, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum of
Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
20.09.2008 |
|
Amount secured by
the charge |
Rs.21.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: As stipulated by
Bank from Time to time. Terms of
Repayment: As stipulated by
Bank from Time to time. Margin: As stipulated by
Bank from Time to time. Extent and
Operation of the charge: First Charge
(Present and Future) = Total Limit Rs.21.500 Millions Others: As stipulated by
Bank from Time to time and as per agreement attachment and as per sanction
letter of the Bank. |
|
Particulars of
the property charged |
First charge by
way of : EMG of Plot
bearing No.5 ADM of 2175 sq. mt. situated at Government Industrial Estate
Piparia Phase II of Silvasa of the Union Teriitory of Dadra and Nagar Haveli
on EMG of land
bearing kasara No.119 ADM area 14550 sq. mt. with shared area of 2785 sq. mt.
situated in Villagen Industrial area of Raipur Pargana Bhagwanpur Tehsil
Roorkee, District Haridwar, Uttarkhand. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
§
§
§
Plant
and Machinery
§
Electrical
Fitting
§
Weighing
Scale
§
Dies
and Tools
§
Furniture
and fixture
§
Office
Equipment
§
Tools
and Equipment
§
Computers
§
Materials
Handling Equipment
§
Motor
Car
§
Motor
Cycle
§
Office
Premises
§
Fire
Fighting Equipment
§
Air
Conditioner
§
Gas
Pipe Line and Fittings
§
Tempo
§
Generator
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS:
PROFILE
Nipra group is engaged in the business of (manufacturing)
aluminium ROPP closures, printed aluminium sheets and printed tinplate sheets. The
business was setup in 1982. Over the years the business has grown to 5 plants
in west and 1 plant in north
§
The largest aluminium closure stock
converter in the Indian sub-continent - Nipra converts 3600 tons of aluminum
closure stock per year
§
The largest metal printer in the Indian
sub-continent - Nipra Group has 9 printing and coating lines in production
In the Indian domestic market, they provide packaging
solutions to various industry sectors such as spirits (distilleries), wineries,
pharmaceuticals and food (olive oil). The products provide a good value
proposition for their clients as a result of which they have been increasing the
global reach. At present, they supply products to countries in Africa, Europe,
Middle East and
The other companies in Nipra group are;
1. Jain Packaging Private Limited
2. Orbit Packaging Private Limited
3. Oscar Industries
MANAGEMENT TEAM
1. Mr. Prakash Jain
(Founder and Managing Director) prakash@nipra.co.in
Mr. Prakash Jain started the group operations in 1982 after a
7-year stint in the can-maker 'Trapu Cans'. Mr. Jain is a commerce graduate
from
2. Mr. Nikhil Jain
(Executive Director) nikhil@nipra.co.in
Mr. Nikhil Jain is the son of the Founder, Mr. Prakash Jain.
Mr. (Nikhil) Jain joined the group in 2002. He is a commerce graduate from
3. Mr. Sambhukumar
Jain (Executive Director) sambhu@nipra.co.in
Mr. Sambhukumar Jain is a Chartered Accountant and also
holds a degree in Law (LLB) from Mumbai university. He joined the group in 1993
and has risen in ranks over the years. He has over 17 years experience and
heads the finance and purchase in the group.
4. Mr. G K Pujar
(Vice-President) pujar@nipra.co.in
Mr. G K Pujar is an Engineer with over 40 years experience
in metal decoration business. Before joining Nipra, he was working L and T
(Larsen and Toubro) packaging division for years. He heads domestic marketing
of aluminium ROPP closures in the group.
5. Mr. Mahendra
Solanki (Executive Director – Works) ms@nipra.co.in
Mr. Mahendra Solanki is a commerce graduate having 26 years
experience in the production units of the group. He has in-depth technical
knowhow of the 3 SBU’s that the group in engaged in (aluminium ROPP closures,
printed aluminium sheets and printed tinplate sheets). He heads the production
facilities for the group.
6. Mr. Mark Perreira
(Manager Vasai Works) mark@nipra.co.in
Mr. Mark Perreira hails from a family of metal decoration
experts. He has over 35 years experience in metal printing. He heads the
printing factory at Vasai (outskirts of Mumbai). He has been with the groups
since year 2000.
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.45.37 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.62.68 |
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.