MIRA
INFORM REPORT
|
Report Date : |
14.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
DELPHIQUE INDIA PRIVATE LIMITED |
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Registered
Office : |
Village and |
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Country : |
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|
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Financials (as
on) : |
31.03.2010 |
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|
|
Date of
Incorporation : |
03.04.1998 |
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|
|
|
Com. Reg. No.: |
05-33915 |
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CIN No.: [Company Identification
No.] |
U52190HR1998PTC033915 |
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IEC No.: |
3398002251 |
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PAN No.: [Permanent Account No.] |
AAACD9895R |
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Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
The company is doing embroidery on different kind of fabrics on job
work basis. |
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 |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. R. A. Yadav |
|
Designation : |
Director (Finance) |
|
Contact No.: |
91-9718501501 |
|
Date : |
12.01.2011 |
LOCATIONS
|
Registered Office/ Factory : |
Village and PO, Dungarwas, District Rewari – 123106, |
|
Tel. No.: |
91-1274-240915-6 |
|
Fax No.: |
91-1274-240916 |
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E-Mail : |
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Website : |
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|
Area : |
16000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Hans Ram Market, Opposite 7 C, Agilent Technologies, Maruti Industrial
Complex, Sector 18, Udyog Vihar, Gurgaon – 122015, Haryana, India |
|
Tel. No.: |
91-124-4011983/ 84/ 240915 |
|
Fax No.: |
91-124-4011985 |
|
Area : |
2200 sq. ft. |
|
Location : |
Rented |
DIRECTORS
(AS ON 29.09.2010)
|
Name : |
Mr. Sandeep Bhatotia |
|
Designation : |
Managing Director |
|
Address : |
V. PO Dungarwas, Rewari, |
|
Date of Birth/Age : |
03.01.1970 |
|
Qualification : |
BE/ MBA |
|
Experience : |
10 years |
|
Date of Appointment : |
01.06.2007 |
|
|
|
|
Name : |
Mr. Raj Singh Yadav |
|
Designation : |
Director |
|
Address : |
H. No.96, Sector – I, Huda, Rewari, |
|
Date of Birth/Age : |
31.03.1949 |
|
Qualification : |
BA |
|
Experience : |
35 years |
|
Date of Appointment : |
03.04.1998 |
|
|
|
|
Name : |
Mr. Ram Avtar Yadav |
|
Designation : |
Director (Finance) |
|
Address : |
Sharda Niwas, Rao Tula Ram Vihar, P O B B Ashram, Rewari, |
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Date of Birth/Age : |
11.12.1956 |
|
Qualification : |
B. Com |
|
Experience : |
33 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Raj Singh |
|
450100 |
|
Ranbir Singh Yadav |
|
290100 |
|
Ajay Yadav |
|
100200 |
|
Rama Nand |
|
20000 |
|
Westek Marketing Private Limited, |
|
276000 |
|
Toubro Industries Limited, |
|
20000 |
|
Savitri Project and Financial Services Limited, |
|
7500 |
|
Neelmount Securities Private Limited, |
|
22500 |
|
Rattan Singh |
|
197500 |
|
SVR Financial Services Limited, |
|
823500 |
|
Aman Yarn Agency |
|
100000 |
|
Concept Financial Management, |
|
25000 |
|
Adeep Yadav |
|
20000 |
|
R K Dhall |
|
10000 |
|
Neelam Yadav |
|
10000 |
|
Virender Singh |
|
10000 |
|
|
|
10000 |
|
Satyabir Singh |
|
10000 |
|
Rakesh Kumar |
|
10000 |
|
Anil Kumar |
|
10000 |
|
Ajit Singh |
|
10000 |
|
Vijay Kumar |
|
10000 |
|
Sakuntala Devi |
|
10000 |
|
Omvati |
|
10000 |
|
Manu Arora |
|
20000 |
|
Surrender Kumar |
|
4000 |
|
Sharda Yadav |
|
100 |
|
Kiran Dhall |
|
8500 |
|
Adi Finance Limited, |
|
845000 |
|
Westend Fabrics Private Limited, |
|
276500 |
|
Shalini Bhatotia |
|
90000 |
|
Arjun Singh Yadav |
|
42500 |
|
|
|
|
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Total |
|
3749000 |
(AS ON 29.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
55.00 |
|
Directors or relatives of directors |
|
45.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is doing embroidery on different kind of fabrics on job
work basis. |
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|
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Terms : |
|
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Selling : |
Credit (90 days) |
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|
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Purchasing : |
Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
|
Installed Capacity |
|
1st Machine |
|
202446 Meters |
|
IInd Machine |
|
150718 Meters |
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IIIrd Machine |
|
167520 Meters |
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IVth Machine |
|
172603 Meters |
|
Vth Machine |
|
199771 Meters |
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VIth Machine |
|
208771 Meters |
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VIIth Machine |
|
157196 Meters |
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VIIIth Machine |
|
1259025 Meters |
GENERAL INFORMATION
|
Customers : |
· Orient Craft Limited · Orient Clothing Company Limited · Shahi Exports Private Limited · Gaurav International · Magsons |
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Suppliers : |
· GTN Industries Limited · Malwa Cotton spinning Mills Limited · Vardhman yarn and Thread Limited · B J corporation |
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No. of Employees : |
102 (Office – 12 and Factory – 90) |
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Bankers : |
· Canara Bank SCO 35-36, Sector 10-A, Gurgaon – 122001, · ING Vysya Bank Limited 23, Narain Manzil, · Corporation Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
· Haryana State Industrial Development Corporation Limited UT, |
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Auditors : |
|
|
Name : |
Deepak Ahluwalia and Company Chartered Accountant |
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Address : |
419, |
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Tel. No.: |
91-11-25612412/ 25535512 (R) 25553036 |
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Fax No.: |
91-11-25535512 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Share |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3749000 |
Equity Share |
Rs.10/- each |
Rs.37.490
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
37.490 |
37.490 |
37.490 |
|
|
2] Share Application Money |
0.168 |
0.168 |
0.168 |
|
|
3] Reserves & Surplus |
59.276 |
55.607 |
49.696 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
96.934 |
93.265 |
87.354 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
73.032 |
85.521 |
65.549 |
|
|
2] Unsecured Loans |
0.896 |
5.282 |
5.257 |
|
|
TOTAL BORROWING |
73.928 |
90.803 |
70.806 |
|
|
DEFERRED TAX LIABILITIES |
22.082 |
21.558 |
21.969 |
|
|
|
|
|
|
|
|
TOTAL |
192.944 |
205.626 |
180.129 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
157.429 |
166.976 |
113.704 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
25.404 |
|
|
|
|
|
|
|
|
INVESTMENT |
17.268 |
15.976 |
17.058 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.838
|
2.778 |
5.783 |
|
|
Sundry Debtors |
26.133
|
31.528 |
30.596 |
|
|
Cash & Bank Balances |
7.079
|
4.237 |
12.121 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
8.982
|
10.256 |
8.766 |
|
Total
Current Assets |
45.032
|
48.799 |
57.266 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
21.104
|
22.102 |
28.458 |
|
|
Other Current Liabilities and Provisions |
5.681
|
4.023 |
4.847 |
|
Total
Current Liabilities |
26.785
|
26.125 |
33.305 |
|
|
Net Current Assets |
18.247
|
22.674 |
23.961 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
192.944 |
205.626 |
180.129 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Job Charges) |
74.109 |
81.799 |
102.282 |
|
|
|
Other Income |
2.634 |
1.674 |
1.141 |
|
|
|
TOTAL (A) |
76.743 |
83.473 |
103.423 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
33.463 |
34.608 |
60.836 |
|
|
|
Personnel Expenses |
10.490 |
10.922 |
10.569 |
|
|
|
Administrative and Other Expenses |
6.177 |
8.578 |
7.875 |
|
|
|
Selling and Distribution Expenses |
1.362 |
1.173 |
1.891 |
|
|
|
TOTAL (B) |
51.492 |
55.281 |
81.171 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.251 |
28.192 |
22.252 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.922 |
12.406 |
6.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.329 |
15.786 |
15.562 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.883 |
9.276 |
7.685 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.446 |
6.510 |
7.877 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.777 |
0.599 |
5.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.669 |
5.911 |
1.909 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.607 |
49.696 |
47.787 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
59.276 |
55.607 |
49.696 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
0.047 |
29.939 |
0.196 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.98 |
1.58 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.78
|
7.08 |
1.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.35
|
7.96 |
7.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.69
|
3.02 |
4.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.04
|
1.25 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.87 |
1.72 |
LOCAL AGENCY FURTHER INFORMATION
PROFIT AND LOSS ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
Goss Sales |
|
|
|
Domestic Sales |
90.000 |
100.000 |
|
Export Sales |
0.000 |
0.000 |
|
|
|
|
|
Total |
90.000 |
100.000 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net
Sales |
90.000 |
100.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
21.44 |
11.11 |
|
|
|
|
|
Other Operating
Expenses |
|
|
|
Export Incentives |
-- |
-- |
|
Duty Drawback |
-- |
-- |
|
Others |
2.531 |
2.007 |
|
|
|
|
|
Total Operating
Income |
2.531 |
2.007 |
|
|
|
|
|
Cost
of Sales |
|
|
|
Raw Materials [Including stores and other items used in
the process of manufacture] |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
[b] Indigenous |
22.300 |
25.375 |
|
|
|
|
|
Other Spares Consumables |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
[b] Indigenous |
0.025 |
0.030 |
|
|
|
|
|
Power and Fuel |
4.500 |
5.350 |
|
Direct Labour and Wages |
12.450 |
13.550 |
|
Repairs and Maintenance |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
17.500 |
20.200 |
|
Depreciation |
9.887 |
9.887 |
|
|
|
|
|
TOTAL |
66.662 |
74.392 |
|
|
|
|
|
Add : Opening Stocks – in – process |
0.000 |
0.000 |
|
|
|
|
|
Deduct : Closing Stock – in – Process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of production |
66.662 |
74.392 |
|
|
|
|
|
Add : Opening Stock of finished goods |
2.838 |
2.778 |
|
|
|
|
|
Deduct: Closing Stock of finished goods |
2.778 |
2.778 |
|
|
|
|
|
Sub
– Total (Total Cost of Sales) |
66.722 |
74.392 |
|
|
|
|
|
Selling General and Administrative Expenses |
9.222 |
10.656 |
|
|
|
|
|
SUB
– TOTAL |
75.944 |
85.048 |
|
|
|
|
|
Operation profit before Interests |
16.587 |
16.959 |
|
|
|
|
|
Interests |
8.574 |
7.816 |
|
|
|
|
|
Operation profit after Interests |
8.013 |
9.143 |
|
|
|
|
|
Net of Non – Operating Income and Expenses |
0.000 |
0.000 |
|
|
|
|
|
PROFIT
BEFORE TAX |
8.013 |
9.143 |
|
|
|
|
|
Provision for Income Tax |
1.850 |
2.050 |
|
|
|
|
|
Profit After Tax |
6.163 |
7.093 |
|
|
|
|
|
Adjusted PAT (excl Extraordinary Items) |
6.163 |
7.093 |
|
|
|
|
|
Retained Profit |
6.163 |
7.093 |
|
|
|
|
|
Cash Accruals |
16.050 |
16.980 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEETS
(RS.
IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
Short – Term borrowings from banks [including bills,
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
|
From Application Bank |
0.000 |
0.000 |
|
From other banks |
20.000 |
20.000 |
|
|
|
|
|
Sub
Total |
20.000 |
20.000 |
|
|
|
|
|
Short Term Borrowings from promoters |
0.000 |
0.000 |
|
Sundry creditors [Trade] |
11.595 |
10.365 |
|
Advance payments from customers/ Deposits from dealers |
0.000 |
0.000 |
|
Provision for tax |
1.850 |
2.050 |
|
Dividend payable |
0.000 |
0.000 |
|
Other statutory liabilities |
0.000 |
0.000 |
|
Deposits/ Installments of term loans/ DPGs/ debentures,
etc [due within one month] For New Project |
0.000 |
0.000 |
|
Other current liabilities and provisions [due within one year]
[Specify major items] |
3.193 |
3.303 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
36.638 |
35.718 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
|
Deferred Deposits |
22.082 |
22.082 |
|
Term loans and NCD’s |
31.741 |
21.206 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Other term Liabilities |
9.973 |
8.882 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
63.796 |
52.170 |
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
100.434 |
87.888 |
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
Ordinary Share Capital
|
37.658 |
37.658 |
|
Employees Stock Options |
0.000 |
0.000 |
|
General Reserve |
65.439 |
73.133 |
|
Revaluation Reserve |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
0.000 |
0.000 |
|
|
|
|
|
NET
WORTH |
103.097 |
110.791 |
|
|
|
|
|
TOTAL
LIABILITIES |
203.531 |
198.679 |
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.060 |
0.125 |
|
Investments [Other than long term investments] |
-- |
-- |
|
Government and other Trustee securities |
-- |
-- |
|
Fixed deposit with bank |
0.249 |
0.249 |
|
Others |
0.149 |
0.149 |
|
|
|
|
|
Receivables other than deferred and exports |
34.767 |
39.637 |
|
Export receivables |
-- |
-- |
|
|
|
|
|
Installments of Deferred receivables [due within one
year] |
0.000 |
0.000 |
|
|
|
|
|
Inventory
|
|
|
|
Raw materials [Including stores and other items used in
the process of manufacture] |
|
|
|
a] Imported |
0.000 |
0.000 |
|
b] Indigenous |
2.778 |
2.778 |
|
|
|
|
|
Stock – in – process |
0.000 |
0.000 |
|
|
|
|
|
Finished Goods |
0.000 |
0.000 |
|
|
|
|
|
Other consumable spares |
0.000 |
0.000 |
|
|
|
|
|
Advances to suppliers of Raw Materials and stores/spares |
0.000 |
0.000 |
|
Advance payment of taxes |
0.000 |
0.000 |
|
Other current assets (specify major items) |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
38.003 |
42.938 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
210.920 |
210.920 |
|
Depreciation to date |
63.410 |
73.297 |
|
|
|
|
|
NET BLOCK |
147.510 |
137.623 |
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
|
|
|
[a] Investments in Subsidiary companies/ affiliates |
-- |
-- |
|
[b] Others |
17.268 |
17.268 |
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
0.000 |
0.000 |
|
iii] Deferred receivables [maturity exceeding one year] |
0.000 |
0.000 |
|
iv] Others |
0.750 |
0.850 |
|
|
|
|
|
Non consumables Stores and Spares |
0.000 |
0.000 |
|
|
|
|
|
Other non – current assets including dues from directors
(Deferred Tax Assets) |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
18.018 |
18.118 |
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses, bad
/ doubtful expenses Not provided for etc.] |
-- |
-- |
|
|
|
|
|
TOTAL
ASSETS |
203.531 |
198.679 |
|
|
|
|
|
Tangible Net Worth |
103.097 |
110.791 |
|
|
|
|
|
Net Working Capital |
1.365 |
7.220 |
|
Current Ratio |
1.04 |
1.20 |
|
TOL/ TNW |
0.97 |
0.79 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(RS.
IN MILLIONS)
NAME
OF THE APPLICANT: MR. SANDEEP BHATOTIA
NAME
OF THE CO-APPLICANT – MR. RAJ SINGH YADAV
NAME
OF THE GUARANTOR: MR. RAM AVTAR YADAV
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Address of the Property with Survey No./Door No. etc |
-- |
H. No.96, Sector
– I, Huda, Rewari |
-- |
|
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
Freehold |
-- |
|
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
-- |
Residential |
-- |
|
|
|
|
|
|
Area/ Extent of Land |
-- |
200 sq. Yards |
-- |
|
|
|
|
|
|
Present Market/
Assessed Value |
-- |
Rs.7.500 Millions |
-- |
INVESTMENT
IN BUSINESS CAPITAL
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Name of the Company/ Firm/ concern in which Investment is made |
ADI Finance
Limited SVR Financial
services Limited Delphique India
Private Limited Westend Fabrics
Limited |
Delphique India
Private Limited |
Westend Fabrics
Private Limited Wester Marketing
Private Limited |
|
|
|
|
|
|
Date of Investments |
On Various |
On Various |
On Various |
|
|
|
|
|
|
Present Value of
Investment |
7.217 |
4.501 |
0.012 |
LIFE
INSURANCE POLICIES
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
||
|
|
|
|
|
||
|
Policy Numbers |
228013421 |
226991206 |
-- |
330140625 |
225765296 |
|
|
|
|
|
|
|
|
Date of Policy |
30.08.2002 |
12.11.2002 |
-- |
28.02.1996 |
10.12.2002 |
|
|
|
|
|
|
|
|
Type of Policy Endowment/ whole Life etc |
Whole Life |
Whole Life |
-- |
Endowment |
Endowment |
|
|
|
|
|
|
|
|
Annual Premium |
0.069 |
0.029 |
-- |
0.006 |
0.018 |
|
|
|
|
|
|
|
|
Sum Assured |
2.000 |
2.500 |
-- |
0.100 |
0.400 |
|
|
|
|
|
|
|
|
Surrender Value |
4.500 |
-- |
0.500 |
||
VEHICLE
OWNED
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Model/ Make |
-- |
2010 Swift |
-- |
|
|
|
|
|
|
Date of Purchase |
-- |
15.07.2010 |
-- |
|
|
|
|
|
|
Present Market
Value |
-- |
0.600 |
-- |
OTHER
ASSETS
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Furniture and Fixture |
-- |
0.200 |
0.200 |
|
|
|
|
|
|
Cash in Hand |
0.125 |
0.050 |
0.015 |
|
|
|
|
|
|
Jewellery |
0.200 |
0.250 |
0.150 |
|
|
|
|
|
|
Other assets if any |
-- |
-- |
0.250 |
|
|
|
|
|
|
Total Value of
Other Assets |
0.325 |
0.500 |
0.615 |
|
TOTAL ASSETS |
RS.12.042 MILLIONS |
RS.13.101 MILLIONS |
RS.1.127 MILLIONS |
|
NET WORTH |
RS.12.042 MILLIONS |
RS.13.101 MILLIONS |
RS.1.127 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
SALES REGISTER
MONTHLY
SUMMARY
1-April-2010
to 31-March-2011
|
Months |
Transactions |
Closing Balance |
|
|
Debit |
Credit |
||
|
|
|
|
|
|
April |
|
6.805 |
6.805 |
|
May |
|
6.610 |
13.415 |
|
June |
|
4.117 |
17.532 |
|
July |
|
4.003 |
21.535 |
|
August |
|
4.722 |
26.257 |
|
September |
|
7.042 |
33.300 |
|
October |
|
14.739 |
48.038 |
|
November |
|
14.750 |
62.788 |
|
December |
|
9.964 |
72.752 |
|
January |
|
|
72.752 |
|
February |
|
|
72.752 |
|
March |
|
|
72.752 |
|
|
|
|
|
|
Grand Total |
|
72.752 |
72.752 |
------------------------------------------------------------------------------------------------------------------------------
MANUFACTURING
PROCESS
The organic fabric is cut into pieces (Thans) of 21.25 meters length
each and 4-6 such pieces are stitched vertically on the stitching machine. The
cloth is put on the embroidery machine and the yarns of the requited
grade/color are needled as per the requirement of the design and the embroidery
machine is set on. After the embroidery the embroidered fabric is removed from
the machine and each piece is separated. The embroidered fabric is taken to the
mending machine where shortcomings are repaired. After mending work the cloth
is again horizontally stitched on the stitching machine and sent for shearing
where the extra threads are removed. After shearing the goods are sent for QA
and after quality check the goods are packed for final dispatch.
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF EXISTING LAND
(RS.
IN MILLIONS)
|
Particulars |
Book Value |
|
Land Measuring 6 Kanal 19 Marla Kila No.7/1 94-0) and Kila No.14/14 (2-19) of Khewat No.157,
Khatoni No.197 situated at Vill and P. O. Dungarwas, District Rewari |
Rs.1.634
Millions |
|
|
|
|
Cost of Land for the proposed expansion Scheme |
-- |
|
|
|
|
Total |
Rs.1.634 Millions |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF EXISTING BUILDING
(RS.
IN MILLIONS)
|
Particulars |
Covered Area (Sq. ft.) |
|
|
|
|
|
|
Reception |
22.6*21’-0”=
472.50 |
RCC and M
Flooring |
|
Fabric Godown |
35.9/1/2*35-6 =
1269.80 |
RCC and
Kotastone Flooring |
|
Threads Store |
35.9/2/2*17-6 =
625.62 |
RCC and
Kotastone Flooring |
|
Production Hall |
75’-0*67’9=
5081.25 |
RCC and
Kotastone Flooring |
|
Shearing and
Mending hall |
32-0*75’-0=
2400.00 |
RCC and
Kotastone Flooring |
|
Veranda |
78-0*7-6 =
585.00 |
RCC and Kotastone Flooring |
|
Canteen |
16-0*33-0 =
528.00 |
Garder, Stone
Roof and cement Flooring |
|
Meter and DG
Room |
16’-0*20’-6 =
328.00 |
RCC Cement
Flooring |
|
Toilet Nos. |
2*5’0*4’-6 =
45.00 |
RCC Cement
Flooring |
|
Security Room |
10-9*12-0 =
129.00 |
Garder, Stone
Roof and cement Flooring |
|
Canopy |
16-0*12 = 192.00 |
RCC Cement
Flooring |
|
Adm. Block on
F.F. |
37 3/1/2*76’-6”
= 2852.69 |
RCC, M Flooring
and Italian Tiles |
|
|
|
|
|
|
Covered Area on
GF |
13369-69 sq. ft.
|
|
|
Covered Area on
FF |
2352.69 sq. ft. |
------------------------------------------------------------------------------------------------------------------------------
OPERATIONAL
Despite the fact that the recession is over and government has also
given various reliefs and concessions to the textiles sector specially to
garment industry but still it has not been able to register the desired growth.
Since growth of the company directly related to the growth of garment industry
as such job charges of the company has declined to Rs.74.109 Millions and net
profit top Rs.3.669 Millions
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Name of the company |
Delphique India Private Limited |
|
Presented By |
Vysya Bank
Limited and Delphique India Private Limited |
|
1) Date and description of instrument creating the change |
DPN Dated
10.01.2000 Agreement for
Hypothecation of Stocks in Trade Machinery, Book Debts, Bills and Other
assets dated 10.01.2000 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.1.850 Millions
|
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks
of raw materials, Semi finished and Finished Goods held at Village and P.O.
Dungarwal District Rewari, Haryana and Assignment of receivable. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
First charge on
stock and Receivable is to secure cash credit and Assignment of receivable
limit of Rs.1.850 Millions Interest is min. 17.85% or at such other rates as
may be fixed by the Bank from time to time. |
|
5) Name and Address and description of the person entitled to the charge. |
Vysya Bank
Limited |
|
6) Date and brief description of instrument modifying the charge |
Nil |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Nil |
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U52190HR1998PTC033915 |
|
Name of the
company |
Delphique India
Private Limited |
|
Address of the
registered office or of the principal place of business in |
Village and PO
Dungarwas, Rewari, |
|
Type of charge |
Movable Property (Not
being pledge) |
|
Particular of
charge holder |
Canara Bank SCO – 35-36,
sector 10-A, Gurgaon – 122001, |
|
Nature of
description of the instrument creating or modifying the charge |
Canmobile
Agreement. |
|
Date of
instrument Creating the charge |
30.03.2009 |
|
Amount secured by
the charge |
Rs.0.030 Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Canmobile
Agreement Rate of Interests
– 11% Terms of
Repayment Loan repayable in
60 installments Margin Margin is 20% Extent and
Operation of the charge Hypothecation of
Tata Vista Aqua TDI Car |
|
Short particulars
of the property charged |
Hypothecation of
Tata Vista Aqua TDI Car |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land
·
·
· Plant and Machinery
· Furniture and Fixtures
· Factory and Office Equipments
· Vehicles
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.45.13 |
|
|
1 |
Rs.71.05 |
|
Euro |
1 |
Rs.59.10 |
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.