MIRA
INFORM REPORT
|
Report Date : |
24.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
R S CONSTRUCTION CO. |
|
|
|
|
Registered
Office : |
210, Professor Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
2002 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAIFR6062K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Civil Contractor. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. However it would be advisable to take adequate securities while
dealing with the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Anuj Goyal |
|
Designation : |
Accountant |
|
Contact No.: |
91-9992186000 |
|
Date : |
17.01.2011 |
LOCATIONS
|
Registered Office : |
210, Professor Colony, |
|
Tel. No.: |
91-1662-238900 |
|
Mobile No.: |
91-9992186000 (Mr. Anuj Goyal) |
|
Fax No.: |
91-1662-238900 |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Rajbir Singh Punia |
|
Designation : |
Partner |
|
Address : |
# 210, Professor Colony, |
|
|
|
|
Name : |
Mrs. Lila Ram |
|
Designation : |
Partner |
|
Address : |
Village Kirori, District |
|
|
|
|
Name : |
Mr. Sandeep Kumar |
|
Designation : |
Partner |
|
Address : |
# 210, Professor Colony, |
KEY EXECUTIVES
|
Name : |
Mr. Anuj Goyal |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Civil Contractor. |
GENERAL INFORMATION
|
No. of Employees : |
03 |
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|
|
|
||||||||||||||||||||||
|
Bankers : |
· Corporation Bank |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Murari Garg and Company Chartered Accountant |
|
Address : |
51, 1st Floor, New Cloth Market, Opposite Bus Stand, Hisar
– 125001, |
|
Tel. No.: |
91-1662-277917/ 248791(R) |
|
Email : |
CAPITAL STRUCTURE
CAPITAL ACCOUNT OF
MRS. LILA RAM
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings
|
0.147 |
By Opening Balance |
2.002 |
|
To Closing Balance |
2.501 |
By Net Profit |
0.351 |
|
|
|
By Salary from Firm |
0.060 |
|
|
|
By Interests to Partner |
0.235 |
|
|
|
|
|
|
Total |
2.648 |
Total |
2.648 |
CAPITAL ACCOUNT OF
MR. RAJBIR SINGH
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings
|
0.355 |
By Opening Balance |
2.763 |
|
To Closing Balance |
3.496 |
By Net Profit |
0.702 |
|
|
|
By Salary from Firm |
0.060 |
|
|
|
By Interests to Partner |
0.326 |
|
|
|
|
|
|
Total |
3.851 |
Total |
3.851 |
CAPITAL ACCOUNT OF
MR. SANDEEP KUMAR
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings
|
0.325 |
By Opening Balance |
2.786 |
|
To Closing Balance |
3.203 |
By Net Profit |
0.351 |
|
|
|
By Salary from Firm |
0.060 |
|
|
|
By Interests to Partner |
0.331 |
|
|
|
|
|
|
Total |
3.528 |
Total |
3.528 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.199 |
7.551 |
6.834 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.199 |
7.551 |
6.834 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.432 |
0.288 |
0.263 |
|
|
2] Unsecured Loans |
2.293 |
2.291 |
0.000 |
|
|
TOTAL BORROWING |
8.725 |
2.579 |
0.263 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.924 |
10.130 |
7.097 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.636 |
8.811 |
0.872 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.562
|
2.011 |
0.256 |
|
|
Sundry Debtors |
5.537
|
5.423 |
3.847 |
|
|
Cash & Bank Balances |
9.720
|
0.818 |
0.496 |
|
|
Other Current Assets |
0.000
|
8.742 |
0.000 |
|
|
Loans & Advances |
19.826
|
1.680 |
5.173 |
|
Total
Current Assets |
36.645
|
18.674 |
9.772 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
22.822
|
11.287 |
2.992 |
|
|
Other Current Liabilities |
11.535
|
6.068 |
0.555 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
34.357
|
17.355 |
3.547 |
|
|
Net Current Assets |
2.288
|
1.319 |
6.225 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.924 |
10.130 |
7.097 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
135.410 |
63.827 |
12.121 |
|
|
|
Other Income |
0.073 |
0.000 |
0.007 |
|
|
|
TOTAL (A) |
135.483 |
63.827 |
12.128 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
31.485 |
35.303 |
5.991 |
|
|
|
Direct Expenses |
96.342 |
25.111 |
3.816 |
|
|
|
Indirect Expenses |
1.004 |
0.380 |
1.313 |
|
|
|
Other Expenses |
0.000 |
0.420 |
0.000 |
|
|
|
TOTAL (B) |
128.831 |
61.214 |
11.120 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.652 |
2.613 |
1.008 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.443 |
1.107 |
0.741 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.209 |
1.506 |
0.267 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.806 |
1.208 |
0.153 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
1.403 |
0.298 |
0.114 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.04
|
0.47 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.04
|
0.47 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.68
|
1.08 |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.68
|
2.64 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07
|
1.08 |
2.76 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Provisional |
Projected |
|
|
Goss Sales |
|
|
|
|
Domestic Sales |
40.000 |
50.000 |
62.500 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
40.000 |
50.000 |
62.500 |
|
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
Sales |
40.000 |
50.000 |
62.500 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
(70.46%) |
25.00% |
25.00% |
|
|
|
|
|
|
Other Income |
|
|
|
|
Duty Drawback |
-- |
-- |
-- |
|
Cash Assistance |
-- |
-- |
-- |
|
Commission and Brokerage Received |
-- |
-- |
-- |
|
Sub Total |
-- |
-- |
-- |
|
|
|
|
|
|
Total |
40.000 |
50.000 |
62.500 |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Purchases |
14.000 |
17.500 |
21.875 |
|
Other Trading Expenses (Carriage Inward, commission and
Brokerage on Purchases) |
21.638 |
27.000 |
33.750 |
|
|
|
|
|
|
Sub
Total |
35.638 |
44.500 |
55.625 |
|
|
|
|
|
|
Add: Opening Stock |
1.562 |
2.000 |
2.500 |
|
|
|
|
|
|
Sub
Total |
37.200 |
46.500 |
58.125 |
|
|
|
|
|
|
Less: Closing Stock |
2.000 |
2.500 |
3.125 |
|
|
|
|
|
|
Sub
Total (Total Cost of Sales) |
35.200 |
44.000 |
55.000 |
|
|
|
|
|
|
Selling, General and Administrative Expenses |
0.600 |
0.750 |
0.938 |
|
|
|
|
|
|
Operation profit before interest and Depreciation |
4.200 |
5.250 |
6.562 |
|
|
|
|
|
|
Interest |
1.346 |
1.715 |
2.169 |
|
Depreciation |
2.764 |
2.102 |
1.612 |
|
|
|
|
|
|
Operating profit after interest Depreciation |
0.090 |
1.433 |
2.781 |
|
|
|
|
|
|
Non-Operating Income |
0.600 |
0.300 |
0.150 |
|
|
|
|
|
|
Non-Operating Expenses |
-- |
-- |
-- |
|
|
|
|
|
|
Net
of Other Non-Operating Income/ Expenses |
0.600 |
0.300 |
0.150 |
|
|
|
|
|
|
Profit Before Tax / Loss |
0.690 |
1.733 |
2.931 |
|
|
|
|
|
|
Provision for Taxes |
0.213 |
0.535 |
0.906 |
|
|
|
|
|
|
Net Profit / Loss |
0.477 |
1.198 |
2.025 |
|
|
|
|
|
|
Equity Dividend Paid
|
-- |
-- |
-- |
|
|
|
|
|
|
Retained Profit |
0.477 |
1.198 |
2.025 |
|
|
|
|
|
|
Retained Profit/ Net Profit (% age) |
100.00% |
100.00% |
100.00% |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Provisional |
Projected |
|
|
CURRENT
LIABILITIES |
|
|
|
|
Short Term Borrowings from Banks (including Bills
purchases, discounted and Excess |
|
|
|
|
From Applicant Bank |
5.000 |
5.000 |
5.000 |
|
From Other Banks |
-- |
-- |
-- |
|
(of which BP and BD) |
-- |
-- |
-- |
|
|
|
|
|
|
Sub Total (A) |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
Short-term borrowing from other |
-- |
-- |
-- |
|
Creditors for Purchases |
7.425 |
7.417 |
2.317 |
|
Advance/Payment from Customers/Deposit from dealers |
-- |
-- |
-- |
|
Provision for Taxation |
-- |
-- |
-- |
|
Dividend Payable |
-- |
-- |
-- |
|
Other Statutory liabilities (due within one year) |
0.150 |
0.180 |
0.216 |
|
Deposits/installments of term loans/DPG debentures etc |
-- |
-- |
-- |
|
Other current liabilities and provisions (due within one year)
(specify major items) |
0.090 |
0.120 |
0.144 |
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
12.665 |
12.717 |
7.677 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
-- |
-- |
-- |
|
Preference shares Capital |
-- |
-- |
-- |
|
Dealer’s Deposit |
-- |
-- |
-- |
|
Deferred tax Liabilities |
-- |
-- |
-- |
|
Term Loans |
-- |
-- |
-- |
|
Term deposit |
-- |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
-- |
|
Other Term Liabilities |
3.224 |
0.713 |
0.221 |
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
3.224 |
0.713 |
0.221 |
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
15.889 |
13.430 |
7.898 |
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
Equity Shares
Capital |
|
|
|
|
Share Capital |
8.234 |
9.275 |
10.793 |
|
General Reserve |
-- |
-- |
-- |
|
Revaluation Reserve |
-- |
-- |
-- |
|
Other Reserve (Capital Reserve) |
-- |
-- |
-- |
|
Surplus (+) or Deficit (-) in Profit and loss account |
(2.178) |
(3.376) |
(5.401) |
|
|
|
|
|
|
TOTAL NET WORTH |
10.412 |
12.651 |
16.194 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
26.301 |
26.081 |
24.092 |
|
|
|
|
|
|
ASSETS CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balances |
0.753 |
1.357 |
0.839 |
|
|
|
|
|
|
Investment (other than long) term Investment |
-- |
-- |
-- |
|
|
|
|
|
|
I) Receivables other than deferred and exports |
6.667 |
8.333 |
10.417 |
|
(Including bill purchased and discounted by bankers) |
|
|
|
|
|
|
|
|
|
Installment of deferred receivables (Due within 1 year) |
-- |
-- |
-- |
|
|
|
|
|
|
Inventory: |
|
|
|
|
Raw Materials (including stores and other items used in the process of
manufacture) |
-- |
-- |
-- |
|
|
|
|
|
|
Stock-in-traders |
2.000 |
2.500 |
3.125 |
|
|
|
|
|
|
Finished Goods |
-- |
-- |
-- |
|
|
|
|
|
|
Advances to supplier of raw material and stores/spares |
-- |
-- |
-- |
|
|
|
|
|
|
Advance Payment of Tax |
5.165 |
4.277 |
1.709 |
|
|
|
|
|
|
Other current assets |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL CURRENT
ASSETS |
14.58/5 |
16.467 |
16.090 |
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
Gross Block |
19.494 |
19.49*4 |
19.494 |
|
|
|
|
|
|
Depreciation to Date |
7.778 |
9.880 |
11.492 |
|
|
|
|
|
|
Net Block |
11.716 |
9.614 |
8.002 |
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investment/Book debts/adv/depo which are not current assets |
|
|
|
|
a) investment in subsidiary com/Affi |
-- |
-- |
-- |
|
b) Others |
-- |
-- |
-- |
|
|
|
|
|
|
Advance to Suppliers of capital goods and contractors |
-- |
-- |
-- |
|
|
|
|
|
|
Other Investment/ Deposit Loans |
-- |
-- |
-- |
|
|
|
|
|
|
Deferred Receivable |
-- |
-- |
-- |
|
|
|
|
|
|
Debtors > 6 Months |
-- |
-- |
-- |
|
|
|
|
|
|
Others (Security Deposits, Loans and advance non current in nature,
ICD’s etc.) |
-- |
-- |
-- |
|
|
|
|
|
|
Non-Consumables Stores and spares |
-- |
-- |
-- |
|
|
|
|
|
|
Other non-current assets Including Dues from directors |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL THER
NON-CURRENT ASSETS |
-- |
-- |
-- |
|
|
|
|
|
|
Intangible Assets (patents, goodwill) prelim exp bad/doubtful debts
not provided for etc. |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL ASSETS |
26.301 |
26.08/1 |
24.092 |
|
|
|
|
|
|
Tangible Net Worth |
10.412 |
12.651 |
16.194 |
|
|
|
|
|
|
Net working Capital |
1.920 |
3.750 |
8.413 |
|
|
|
|
|
|
Current Ratio |
1.15 |
1.29 |
2.10 |
|
|
|
|
|
|
Total Outside
Liabilities / Tangible Net Worth |
1.53 |
1.06 |
0.49 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimates)
|
(Projected) |
|
|
A. CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Stock in process |
2.000 |
2.500 |
3.125 |
|
Months cost of production |
0.68 |
0.68 |
0.68 |
|
|
|
|
|
|
Receivable other than export and deferred
receivables (including bills purchased and discounted by bankers) |
6.667 |
8.333 |
10.417 |
|
Months domestic sales (excluding deferred
payment sales ) |
2.00 |
2.00 |
2.00 |
|
|
|
|
|
|
Export receivables including bills purchased
and discounted by bankers |
-- |
-- |
-- |
|
Months export sales |
|
|
|
|
|
|
|
|
|
Advances to supplier of raw materials and
stores/ spares, consumable |
-- |
-- |
-- |
|
|
|
|
|
|
Other Current Assets |
5.918 |
5.634 |
2.548 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
14.585 |
16.467 |
16.090 |
|
|
|
|
|
|
B. CURRENT LIABILITIES (Other than bank borrowing for working
capital) |
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares) |
7.425 |
7.417 |
2.317 |
|
(Month purchase) |
6.57 |
5.24 |
1.31 |
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
|
|
|
|
|
|
Statutory liabilities |
0.150 |
0.180 |
0.216 |
|
|
|
|
|
|
Other current liabilities short term
borrowing, dividend payable, installment of TL, DPG, public deposit,
debentures etc |
0.090 |
0.120 |
0.144 |
|
|
|
|
|
|
TOTAL |
7.665 |
7.717 |
2.677 |
------------------------------------------------------------------------------------------------------------------------------
BANK FINANCE FOR WORKING CAPITAL
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimates)
|
(Projected) |
|
|
|
|
|
|
|
Projected Turnover |
40.000 |
50.000 |
62.500 |
|
Net Working Capital Assets |
14.585 |
16.457 |
16.090 |
|
Acceptable |
40.000 |
50.000 |
62.500 |
|
25% of Acceptations |
10.000 |
12.500 |
15.625 |
|
Margin 5% of |
2.000 |
2.500 |
3.125 |
|
Available Margin |
12.585 |
13.967 |
12.965 |
|
4-5 |
8.000 |
10.000 |
12.500 |
|
4-6 |
(2.585) |
(1.467) |
2.660 |
|
MPBF (7 or 8 whichever is higher) |
8.000 |
10.000 |
12.500 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW
STATEMENT
(RS IN MILLIONS)
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimates)
|
(Projected) |
|
|
SOURCES |
|
|
|
|
Net Profit (After Tax) |
0.477 |
1.198 |
2.025 |
|
Depreciation |
2.764 |
2.102 |
1.612 |
|
Increase in Capital |
0.736 |
1.041 |
1.518 |
|
Increase in Term Liabilities |
-- |
-- |
-- |
|
|
|
|
|
|
Decrease in |
|
|
|
|
- Fixed Assets |
1.156 |
-- |
-- |
|
- Other Non Current Assets |
-- |
-- |
-- |
|
|
|
|
|
|
Other – Unsecured Loans |
-- |
-- |
-- |
|
|
|
|
|
|
Total |
5.133 |
4.341 |
5.155 |
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
Net Loss |
-- |
-- |
-- |
|
Decrease in Term Liabilities |
5.501 |
2.511 |
0.492 |
|
Increase in |
|
|
|
|
- Fixed Assets |
-- |
-- |
-- |
|
- Other Non Current Assets |
-- |
-- |
-- |
|
|
|
|
|
|
Dividend Payments |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
|
|
|
|
|
|
Total |
5.501 |
2.511 |
0.492 |
|
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
(0.368) |
1.830 |
4.663 |
|
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
(22.060) |
1.882 |
(0.377) |
|
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
(26.692) |
0.052 |
(5.040) |
|
|
|
|
|
|
Increase/ decrease Working Capital Gap |
4.632 |
1.830 |
4.663 |
|
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
(5.000) |
-- |
-- |
|
|
|
|
|
|
Increase/ decrease in Bank Borrowings |
5.000 |
-- |
-- |
|
|
|
|
|
|
INCREASE/ DECREASE
IN NET SALES |
(95.410) |
10.000 |
12.500 |
|
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Stock – In – Trade |
0.438 |
0.500 |
0.625 |
|
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
|
Domestic |
(13.865) |
1.66 |
2.084 |
|
Export |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/ Decrease in Other current Assets |
(8.633) |
(0.284) |
(3.086) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: R. S. CONSTRUCTION CO.
NAME
OF THE CO-APPLICANT: MR. SANDEEP KUMAR
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars
|
Applicant |
Co-Applicant |
|
Address of the Property with Survey No./
Door No. etc. |
NIL |
H. No. 65,
Sector – 13, Part – II, Hisar (1/2 shars) |
|
|
|
|
|
Description: Land/ Site/ Building |
NIL |
Land + Building |
|
|
|
|
|
Whether Freehold/ Leasehold |
NIL |
Freehold |
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
NIL |
Residential |
|
|
|
|
|
Area/ extent of Land |
NIL |
372 yards |
|
|
|
|
|
Present
Market/ Assessed Value |
NIL |
Rs.4.000 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm/ Concern in
which investment is made |
NIL |
R S Construction
Co. |
|
|
|
|
|
Date of Investment |
NIL |
2008 |
|
|
|
|
|
Present
Value of Investments (As
on 31.03.2010) |
NIL |
3.203 |
|
TOTAL
ASSETS |
NIL |
RS.7.203 MILLIONS |
|
NET
WORTH |
NIL |
RS.7.203 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE GUARANTOR: MR. RAJBIR SINGH
NAME
OF THE GUARANTOR: MRS. LELA RAM
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with Survey No./
Door No. etc. |
H. No. 65,
Sector – 13, Part – II, Hisar (1/2 Shares) |
Plot at Shiv
Nagar, Hisar |
|
|
|
|
|
Description: Land/ Site/ Building |
Land + Building |
Land |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Freehold |
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Residential |
Residential |
|
|
|
|
|
Area/ extent of Land |
372 yards |
84.79 Yards |
|
|
|
|
|
Present
Market/ Assessed Value |
Rs.4.000 Millions |
Rs.0.500 Million |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm/ Concern in
which investment is made |
R. S.
Construction co. |
R. S.
Construction co. |
|
|
|
|
|
Present
Value of Investments (As
on 31.03.2010) |
3.496 |
2.501 |
|
TOTAL
ASSETS |
RS.7.496 MILLIONS |
RS.3.001 MILLIONS |
|
NET
WORTH |
RS.7.496 MILLIONS |
RS.3.001 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Date of making valuation |
09.12.2010 |
|
|
|
|
Name of the Owners of the property |
Mr. Sandeep Kumar S/o Mr. Rajbir Singh and Mr. Rajbir Singh S/o Mr.
Attar Singh |
|
|
(As per photo state copy of Conveyance deed doc. bearing
Regn.No.-10942-dt.31.03.2010) |
|
|
|
|
If the property is under joint ownership/ co-ownership, share of each such
owner. Are the shares undivided? |
Joint-ownership. |
|
|
|
|
Brief description of the property |
Property comprises of an under - construction residential building in
a Sector-13-Part-II, of HUDA. Hisar. |
|
Location, street, Ward No. |
Sector-13-Part-ll, Hisar. |
|
Flat/ Plot No. |
Plot No.65 |
|
|
|
|
Boundaries and Dimensions |
North - Road. (13.00 Mt.) East - Plot No.-64. (24.00 Mt.) South -PlotNo.-78. (1 3.00 Mt.) West- Plot No.-66. (24.00 Mt.) |
|
|
|
|
Is the property situated in Residential/ Commercial/ Mixed
Area/Industrial Area? |
Residential. |
|
|
|
|
Classification of locality-high class/ middle class/ poor class. |
Middle Class |
|
|
|
|
Whether the building is in accordance with Plan provided by the
competent authority? |
As per HUDA bye laws, sanctioned map available with the owner. |
|
|
|
|
Proximity to civic amenities like Schools, hospitals, offices,
markets, cinema halls etc. |
Available |
|
|
|
|
Area Supported by documentary / Proof, shape dimensions and Physical
Features. |
13.00 mt. x 24.00 Mt. = 312 sq. mt. ot 373.15 sq. yds. Sanctioned map available with the owners. |
|
|
|
|
Is it freehold or leasehold land? |
Freehold |
|
|
|
|
Does the land fall in in an area included in any town planning scheme
or any development plan Govt. or any statutory body? If so give particulars. |
HUDA - Hisar |
|
|
|
|
Is the building owner-occupied/ tenanted/ both? |
Underconstruction building. |
|
|
|
|
|
|
|
VALUATION OF THE SUPERSTRUCTURE AND BUILT UP-AREA
(PART – A) |
|
|
Covered area at Ground Floor (Under construction building): (i.e. brick work in cement sand mortar up to roof has been castled
etc.) |
1827.65 sft. |
|
|
|
|
Estimated cost of construction Rs.450/- per Sft. |
Rs.822442.00 |
|
|
|
|
Total Cost of
Building i.e. (Part-A) |
Rs.0.822
Millions |
|
|
|
|
VALUATION OF THE
LAND (PART-B) |
|
|
|
|
|
(i) Total area of the land/plot. |
312 sq. mt. Or – 373.15 sq. yds. |
|
(ii) Value of land/plot per Sq. yd. |
Rs.17000.00 per sq. yd. |
|
(iii) Total market value of land/plot. |
Rs.6.344 Millions |
|
|
|
|
|
|
|
Total of
Valuation (Part-A+ Part-B) |
|
|
Part – A |
Rs.0.822 Million |
|
Part – B |
Rs.6.344 Millions |
|
|
|
|
Or Say |
Rs.7.166 Millions |
|
|
|
|
Realizable Value |
Rs.6.449 Millions |
|
|
|
|
Distress Value |
Rs.5.732 Millions |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· AC
· Car
· Computers
· J C B Machine
· Plant and Machinery
· Trucks
· Volvo Tondom
· Roller
· Furniture
· Machinery
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.45.70 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.61.65 |
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 |
NO |
|
--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.