MIRA
INFORM REPORT
|
Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEFENSIVE WIRE AND DEVISE |
|
|
|
|
Registered
Office : |
Plot No.39, Golden Ranaji Enclave, Najafgarh, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
2007 |
|
|
|
|
TIN No.: |
07900348498 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEZPJ9924M |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Concertina Coil, Barded Wire Razor Blade
and Other Defense Related Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be a relatively small concern in its field. Trade
relations are reported to be fair. The networth statement seems to be
comparatively below average. No valuation report has been provided. However
no complaints have been heard from 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
|
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. Manoj Kumar Karna |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9213238657 |
|
Date : |
22.01.2011 |
LOCATIONS
|
Registered Office : |
Plot No.39, Golden Ranaji Enclave, Najafgarh, New |
|
Mobile No.: |
91-9213238657 (Mr. Manoj Kumar Karna) |
|
E-Mail : |
|
|
Area : |
578 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.1/2 Industrial Area, Matiala Uttamnagar, New |
|
Tel. No.: |
91-11-65888053 |
|
E-Mail : |
|
|
Area : |
1800 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. Shashi Bhushan Jha |
|
Designation : |
Proprietor |
|
Address : |
H. No.39, Golden Enclave, Ranaji Enclave, Najakgarh, |
|
Date of Birth/Age : |
05.03.1973 |
|
Qualification : |
Graduate |
|
Experience : |
10 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Concertina Coil, Barded Wire Razor Blade
and Other Defense Related Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (60 days) |
GENERAL INFORMATION
|
Customers : |
Retailers
· Ekta Residents Welfare Association · Loknayak Co-operative Group Housing Society Limited · Max Udyog · R S Gaur · San Extracts Limited · Som Extract Limited · Saket Kunj Residents Welfare Association · Shyam Telicom · Herry Hills Interioss Limited ·
The |
||||||||||||||||
|
|
|
||||||||||||||||
|
Suppliers : |
· G. S. Engineering · Jai Durga Hi Tech Enterprises ·
· Sheel Enterprises · Tools Repairing Works |
||||||||||||||||
|
|
|
||||||||||||||||
|
No. of Employees : |
5 (Office – 1 and factory – 4) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Bankers : |
·
State Bank of Nangli Branch, Kakrolamod, · Corporation Bank Vasant Vihar, |
||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj Kumar Karna Chartered Accountant |
|
Address : |
T – 1, Deep Complex, Sharma Market, Sector – V, |
|
Tel. No.: |
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS
ON 31.03.2010
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Opening Balance |
0.428 |
|
Add: Net Profit during the year |
0.217 |
|
|
0.645 |
|
|
|
|
Less: Drawings |
0.100 |
|
Less: LIC and Others |
0.040 |
|
|
|
|
Total |
0.505 |
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 |
0.505 |
0.428 |
0.398 |
|
|
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 |
0.505 |
0.428 |
0.398 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.150 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.150 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.655 |
0.428 |
0.398 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.347 |
0.131 |
0.153 |
|
|
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 |
0.417
|
0.232 |
0.202 |
|
|
Sundry Debtors |
0.394
|
0.000 |
0.128 |
|
|
Cash & Bank Balances |
0.089
|
0.168 |
0.002 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.003
|
0.001 |
0.000 |
|
Total
Current Assets |
0.903
|
0.401 |
0.332 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.000
|
0.061 |
0.087 |
|
|
Other Current Liabilities |
0.595
|
0.043 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.595
|
0.104 |
0.087 |
|
|
Net Current Assets |
0.308
|
0.297 |
0.245 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.655 |
0.428 |
0.398 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3.941 |
3.424 |
2.855 |
|
|
|
Other Income |
0.027 |
0.000 |
0.000 |
|
|
|
TOTAL |
3.968 |
3.424 |
2.855 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2.401 |
2.233 |
1.963 |
|
|
|
Labour and Wages Expenses |
0.636 |
0.593 |
0.453 |
|
|
|
Electricity Expenses |
0.086 |
0.073 |
0.050 |
|
|
|
Fright and Cartage Expenses |
0.112 |
0.016 |
0.007 |
|
|
|
Conveyance Expenses |
0.067 |
0.049 |
0.036 |
|
|
|
Salary |
0.214 |
0.139 |
0.120 |
|
|
|
Other Expenses |
0.374 |
0.128 |
0.084 |
|
|
|
TOTAL |
3.692 |
3.231 |
2.713 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.276 |
0.193 |
0.142 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.059 |
0.021 |
0.025 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.217 |
0.172 |
0.117 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.47
|
5.02 |
4.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.51
|
5.02 |
4.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.36
|
32.33 |
24.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.40 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.48
|
0.24 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52
|
3.86 |
3.82 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimates |
Projections |
||
|
Goss Sales |
|
|
|
|
|
Domestic Sales |
6.000 |
7.000 |
8.500 |
10.000 |
|
Export Sales |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Total |
6.000 |
7.000 |
8.500 |
10.000 |
|
|
|
|
|
|
|
Less : Excise Duty |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Net
Sales |
6.000 |
7.000 |
8.500 |
10.000 |
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
52.25 |
16.67 |
21.43 |
17.65 |
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
Raw Materials [Including stores and other items used in
the process of manufacture] |
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
3.655 |
4.265 |
5.179 |
6.092 |
|
|
|
|
|
|
|
Other Spares Consumed |
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Power and Fuel |
0.131 |
0.153 |
0.185 |
0.218 |
|
|
|
|
|
|
|
Direct labour |
0.968 |
1.130 |
1.372 |
1.614 |
|
[Factory Wages and Salaries] |
|
|
|
|
|
|
|
|
|
|
|
Other Operational Expenses |
0.171 |
0.199 |
0.242 |
0.284 |
|
|
|
|
|
|
|
Depreciation |
0.051 |
0.043 |
0.037 |
0.031 |
|
|
|
|
|
|
|
SUB
TOTAL |
4.976 |
5.790 |
7.014 |
8.240 |
|
|
|
|
|
|
|
Add : Opening Stocks –in-process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub Total |
4.976 |
5.790 |
7.014 |
8.240 |
|
|
|
|
|
|
|
Deduct : Closing –in-Process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Cost
of Production |
4.976 |
5.790 |
7.014 |
8.240 |
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub
Total |
4.976 |
5.790 |
7.014 |
8.240 |
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub
– Total (Total Cost of Sales) |
4.976 |
5.790 |
7.014 |
8.240 |
|
|
|
|
|
|
|
Marketing, General and Administrative Expenses |
0.450 |
0.550 |
0.700 |
0.800 |
|
|
|
|
|
|
|
Sub
Total |
5.426 |
6.340 |
7.714 |
9.040 |
|
|
|
|
|
|
|
Operation profit before interest |
0.574 |
0.660 |
0.786 |
0.960 |
|
|
|
|
|
|
|
Interest |
0.181 |
0.181 |
0.181 |
0.181 |
|
|
|
|
|
|
|
Operating profit after interest |
0.393 |
0.479 |
0.604 |
0.779 |
|
|
|
|
|
|
|
Non-Operating Income |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Non-Operating Expenses |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Net
of Other Non-Operating Income/ Expenses |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Profit Before Tax / Loss |
0.393 |
0.479 |
0.604 |
0.779 |
|
|
|
|
|
|
|
Provision for Taxes |
0.028 |
0.037 |
0.065 |
0.100 |
|
|
|
|
|
|
|
Net Profit / Loss |
0.366 |
0.442 |
0.540 |
0.679 |
|
|
|
|
|
|
|
Retained Profit |
0.366 |
0.442 |
0.540 |
0.679 |
|
|
|
|
|
|
|
Retained Profit / Net profit (% Age) |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimates |
Projections |
||
|
Short – Term borrowings from banks [including bills,
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
From Application Bank |
1.500 |
1.500 |
1.500 |
1.500 |
|
From other banks |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sub
Total |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
Short Term Borrowings from promoters |
-- |
-- |
-- |
-- |
|
Sundry creditors [Trade] |
0.314 |
0.366 |
0.444 |
0.523 |
|
Advance payments from customers/ Deposits from dealers |
-- |
-- |
-- |
-- |
|
Provision for tax |
0.028 |
0.037 |
0.065 |
0.100 |
|
Dividend payable |
-- |
-- |
-- |
-- |
|
Other statutory liabilities |
-- |
-- |
-- |
-- |
|
Deposits/ Installments of term loans/ DPGs/ debentures,
etc [due within one month] For New Project |
-- |
-- |
-- |
-- |
|
Other current liabilities and provisions [due within one
year] [Specify major items] |
0.049 |
0.057 |
0.069 |
0.081 |
|
|
|
|
|
|
|
OTHER CURRENT
LIABILITIES (SUB TOTAL) |
0.391 |
0.460 |
0.578 |
0.704 |
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
1.891 |
1.960 |
2.078 |
2.204 |
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
Debentures [not maturing within one year] |
-- |
-- |
-- |
-- |
|
Preference Shares [Redeemable after 1 year] |
-- |
-- |
-- |
-- |
|
Term loans [excluding installments payable within
one year] For New Project |
-- |
-- |
-- |
-- |
|
Deferred Payment Credits [excluding installments due
within one year] |
-- |
-- |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
-- |
-- |
|
Term deposit [repayable after one year] |
-- |
-- |
-- |
-- |
|
Other Term Liabilities |
0.150 |
0.150 |
0.150 |
0.150 |
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.150 |
0.150 |
0.150 |
0.150 |
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
2.041 |
2.109 |
2.228 |
2.354 |
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
|
|
|
|
Ordinary Shares Capital |
0.281 |
0.281 |
0.281 |
0.281 |
|
General Reserve |
-- |
-- |
-- |
-- |
|
Unsecured Loans (Quasi Capital) |
-- |
-- |
-- |
-- |
|
Capital Reserve |
-- |
-- |
-- |
-- |
|
Revaluation Reserve |
-- |
-- |
-- |
-- |
|
Other |
-- |
-- |
-- |
-- |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
0.488 |
0.771 |
0.960 |
1.291 |
|
|
|
|
|
|
|
TOTAL
NET WORTH |
0.769 |
1.052 |
1.241 |
1.572 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
2.810 |
3.161 |
3.471 |
3.925 |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
Investments [Other than long term investments] |
|
|
|
|
|
- Government and
other Trustee securities |
-- |
-- |
-- |
-- |
|
- Fixed deposit
with bank |
-- |
-- |
-- |
-- |
|
- Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Receivables other than deferred and exports |
9.600 |
1.142 |
1.255 |
1.418 |
|
|
|
|
|
|
|
Inventory
|
|
|
|
|
|
Raw Material Consumed |
|
|
|
|
|
- Imported |
-- |
-- |
-- |
-- |
|
- Indigenous |
1.424 |
1.628 |
1.833 |
2.071 |
|
|
|
|
|
|
|
Work in Process |
-- |
-- |
-- |
-- |
|
Finished Goods (Including Traded Goods) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Total
Inventory |
|
|
|
|
|
|
|
|
|
|
|
Advances to suppliers of Raw Materials and stores/spares |
-- |
-- |
-- |
-- |
|
Advance payment of taxes |
0.028 |
0.037 |
0.065 |
0.100 |
|
Other current assets (specify major items) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
2.513 |
2.906 |
3.253 |
3.740 |
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
0.453 |
0.453 |
0.453 |
0.453 |
|
Depreciation to date |
0.156 |
0.199 |
0.236 |
0.267 |
|
|
|
|
|
|
|
NET
BLOCK |
0.297 |
0.254 |
0.217 |
0.186 |
|
|
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
|
|
|
|
|
[a] Investments in Subsidiary companies/ affiliates |
-- |
-- |
-- |
-- |
|
[b] Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
-- |
-- |
-- |
-- |
|
iii] Deferred receivables [maturity exceeding one year] |
-- |
-- |
-- |
-- |
|
iv] Others |
-- |
-- |
-- |
-- |
|
Miscellaneous Deposits |
-- |
-- |
-- |
-- |
|
Non consumables Stores and Spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other non – current assets including dues from directors
(Deferred Tax Assets) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses,
bad/ doubtful expenses Not provided for etc.] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
TOTAL
ASSETS |
2.810 |
3.160 |
3.470 |
3.925 |
|
|
|
|
|
|
|
TANGIBLE
NET WORTH |
0.769 |
1.052 |
1.241 |
1.572 |
|
|
|
|
|
|
|
NET
WORKING CAPITAL |
0.622 |
0.948 |
1.174 |
1.535 |
|
|
|
|
|
|
|
Current Ratio |
1.33 |
1.48 |
1.57 |
1.70 |
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
2.65 |
2.00 |
1.79 |
1.50 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT
OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimates |
Projections |
||
|
A. CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Raw Material |
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
|
b) Indigenous |
1.424 |
1.628 |
1.833 |
2.071 |
|
Months Consumption |
4.67 |
4.58 |
4.25 |
4.08 |
|
|
|
|
|
|
|
Other consumable spares, excluding those included
in 1 above |
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
|
b) Indigenous |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
-- |
|
Months cost of production |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Finished Goods |
-- |
-- |
-- |
-- |
|
Months cost of sales |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Receivable other than export and deferred receivables
(including bills purchased and discounted by bankers) |
0.961 |
1.142 |
1.255 |
1.418 |
|
Months domestic sales (excluding deferred
payment sales ) |
1.92 |
1.96 |
1.77 |
1.70 |
|
|
|
|
|
|
|
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 |
0.128 |
0.137 |
0.165 |
0.250 |
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
2.513 |
2.906 |
3.253 |
3.740 |
|
|
|
|
|
|
|
B. CURRENT LIABILITIES (Other than bank borrowing for working
capital) |
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares) |
0.314 |
0.366 |
0.444 |
0.523 |
|
(Month purchase) |
0.81 |
0.98 |
0.99 |
0.99 |
|
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Statutory liabilities |
0.028 |
0.037 |
0.065 |
0.100 |
|
|
|
|
|
|
|
Other current liabilities short term
borrowing, dividend payable, installment of TL, DPG, public deposit,
debentures etc |
0.049 |
0.057 |
0.069 |
0.081 |
|
|
|
|
|
|
|
TOTAL |
0.391 |
0.460 |
0.578 |
0.704 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSED BANK FINANCE – PROJECTED BALANCE SHEET METHOD
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimates |
Projections |
||
|
|
|
|
|
|
|
Total Current Assets |
2.513 |
2.906 |
3.253 |
3.740 |
|
|
|
|
|
|
|
Other Current Liabilities |
0.391 |
0.460 |
0.578 |
0.704 |
|
|
|
|
|
|
|
Working Capital Gap |
2.122 |
2.447 |
2.675 |
3.035 |
|
|
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current
assets other than Export Receivables |
0.531 |
0.612 |
0.669 |
0.759 |
|
|
|
|
|
|
|
Actual / Projected net working capital |
0.622 |
0.948 |
1.174 |
1.535 |
|
|
|
|
|
|
|
Item 3 minus Item 4 |
1.592 |
1.835 |
2.006 |
2.277 |
|
|
|
|
|
|
|
Item 3 minus Item 5 |
1.500 |
1.499 |
1.500 |
1.500 |
|
|
|
|
|
|
|
Maximum Permissible Bank Finance |
1.500 |
1.499 |
1.500 |
1.500 |
|
|
|
|
|
|
|
Excess Borrowing Representing short fall in
NWC |
(0.091) |
(0.336) |
(0.506) |
(0.776) |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW
STATEMENT
(RS IN MILLIONS)
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimates |
Projections |
||
|
SOURCES |
|
|
|
|
|
Net Profit (After Tax) |
0.366 |
0.442 |
0.540 |
0.679 |
|
Depreciation |
0.051 |
0.043 |
0.037 |
0.031 |
|
Increase in Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
- Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
0.417 |
0.485 |
0.576 |
0.711 |
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in |
|
|
|
|
|
- Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
0.416 |
0.485 |
0.576 |
0.711 |
|
|
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
1.780 |
0.315 |
0.553 |
0.416 |
|
|
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
0.391 |
0.069 |
0.119 |
0.126 |
|
|
|
|
|
|
|
Increase/ decrease Working Capital Gap |
1.816 |
0.325 |
0.228 |
0.360 |
|
|
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
(1.401) |
0.160 |
0.349 |
0.000 |
|
|
|
|
|
|
|
Increase/ decrease in Bank Borrowings |
1.500 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INCREASE/ DECREASE
IN NET SALES |
2.059 |
1.000 |
1.500 |
1.500 |
|
|
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Raw Materials |
1.007 |
0.204 |
0.205 |
0.238 |
|
|
|
|
|
|
|
Increase/ Decrease in Stock – In – Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/ Decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
|
|
Domestic |
0.567 |
0.181 |
0.114 |
0.163 |
|
Export |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/ Decrease in Stores and Spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/ Decrease in Other current Assets |
0.206 |
(0.069) |
0.234 |
0.015 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MRS. SHASHI BHUSHAN JHA (PROP.- DEFENSIVE WIRE AND DEVISE)
NAME
OF THE GUARANTOR: MRS. GAURI SHANKER (PROP.- GAURI ENGINEERING WORKS)
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Address of the Property with Survey No./
Door No. etc. |
Khasara No.34/2,
Plot No.39, 64 sq. yards Built up Property. Add.: Nahgli
Skrawahi, Najafgarh, Value – Rs.3.000
Millions Plot No. 10/9,
Khasra. 100 sq. Yards – Land Value – Rs.1.200
Millions Add.: Haibatpura
Najafgarh, |
H. No. A-107,
Mansar, Uttam Nagar Built-up (Building up to
Three Floor) |
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
Freehold |
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Residential Residential |
-- |
|
|
|
|
|
Area/ extent of Land |
64 sq. yards
(Approx. 578 ft.) 100 sq. yards
(Approx.900 ft.) |
50 sq. yards
(450 ft.) |
|
|
|
|
|
Mortgaged for availing loan if any,
details there of |
NA |
CC Limit |
|
|
|
|
|
Present
Market/ Assessed Value |
Rs.4.200 Millions |
Rs.3.000 Million |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm/ Concern in
which investment is made |
Defensive Wire
and Devise |
Gauri
Engineering Works |
|
|
|
|
|
Date of Investments |
05.09.2008 |
05.06.2006 |
|
|
|
|
|
Present
Value of Investments |
1.500 |
5.000 |
LIFE
INSURANCE POLICIES
|
Policy Numbers |
532955875 –
28.05.2007 533382185 –
28.03.2007 53581436 –
28.02.2007 |
-- |
|
|
|
|
|
Endowment/ whole Life etc. |
Money Back |
-- |
|
|
|
|
|
Annual Premium |
0.024 |
0.300 |
|
|
|
|
|
Sum Assured |
0.500 |
-- |
|
|
|
|
|
Surrender
Value |
0.200 |
2.500 |
VEHICLES
OWNED
|
Model/ Make |
Four Wheeler
Wagon R DL – 8CP4423 |
Four Wheeler
Tata I. DL-9CZ 0917
Bajaj |
|
|
|
|
|
Date of Purchases |
25.09.2009 |
Oct.2010 |
|
|
|
|
|
Whether Hypothecation for Loan |
-- |
Corporation Bank
– 0.700 |
|
|
|
|
|
Present
Market Value |
0.370 |
0.700 |
OTHER
ASSETS
|
Furniture and Fixtures |
0.031 |
0.050 |
|
|
|
|
|
Cash in Hand |
0.088 |
0.125 |
|
|
|
|
|
Jewellery |
0.052 |
0.060 |
|
|
|
|
|
Plant and Machinery |
0.055 |
2.000 |
|
|
|
|
|
Total
Value of Other Assets |
0.226 |
2.235 |
|
TOTAL
ASSETS |
RS.6.496 MILLIONS |
RS.13.435 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PERSONAL
ASSETS OF THE PROPRIETOR
|
Name |
Description of the Assets Owned by them |
Amount (Rs. In Millions) |
|
|
|
|
|
Plot for Housing
|
Property
Purchaser in Najafgarh,
Haryana |
1.100 |
|
Car wagon R |
Khasara
No.10/9, Najafgarh |
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Jai Durga High-Tech Enterprises
Address: 38/2, Dabri Industrial area,
Name: G. M. Pandey
Mobile No.: 91-9811647351
· Sheel Enterprises
Address: G – 34,
Mobile No.: 91-9818102446
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Furniture and Fixtures
· Machinery and Tools
· 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 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.45.58 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.01 |
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.