MIRA
INFORM REPORT
|
Report Date : |
02.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
KAPOOR OVERSEAS |
|
|
|
|
Registered
Office : |
7/2-A , Industrial Area A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.05.2008 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 1.323 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AKZPK5726E |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Sweaters, T-Shirts, Jackets, Caps, Mufflers. |
|
|
|
|
No. of
Employees: |
Approximately 20 (Office 2, Factory 18) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small concern in its field. Trade relations
are reported as fair. The valuation report and networth statement provided
seems to be satisfactory. 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
|
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. Rahul Kapoor |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9781100190 |
|
Date : |
27.06.2011 |
LOCATIONS
|
Registered Office/ Factory : |
7/2-A , Industrial Area A, |
|
Tel. No.: |
91-161-5011190 |
|
Mobile No.: |
91-9781100190 (Mr. Rahul Kapoor) |
|
E-Mail : |
|
|
Area : |
8000 sq.ft. (Owned) |
SOLE PROPRIETOR
|
Name : |
Mr. Rahul Kapoor |
|
Designation : |
Proprietor |
|
Address : |
38-E, First Floor, Rishi Nagar, |
|
Date of Birth/Age : |
01.10.1981 |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sweaters, T-Shirts, Jackets, Caps, Mufflers. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (45-90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Atam Apparels Private Limited ·
Dhiman Arts ·
Ganparti Packwell ·
K R F Limited ·
K P Kniteware ·
Kohinoor Woollen Mills, ·
Malti Computer Arts ·
Pooja Wools ·
Superfine Knitters Limited ·
Surya Traders ·
TUV SUD South Asia Private Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Abhinav Hosiery Mills ·
Bharti Wal Mart Private Limited, Palwal ·
Black Apparels India Limited ·
Harish Knitwear ·
K.G.A Tex Knmit India Private Limited ·
Magnolia Blossom ·
Namokar Apparels, |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Approximately 20 (Office 2, Factory 18) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Indian Bank, Clock Tower, |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
RS. 1.750 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Vipan Kumar and Company Chartered Accountant |
|
Address : |
Arya Samaj MNandir Gali, Sham Chauraji, Hosharpur |
|
Mobile No.: |
91-9815000470 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2011
|
Particulars |
31.03.2011 Rs. in Millions |
|
Opening Balance |
0.829 |
|
Less: Withdrawls (Net) |
0.256 |
|
Add: Net Profit |
0.750 |
|
Total |
1.323 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
1.323 |
0.829 |
0.384 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.323 |
0.829 |
0.384 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.677 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.542 |
0.472 |
0.435 |
|
|
TOTAL BORROWING |
1.219 |
0.472 |
0.435 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.542 |
1.301 |
0.819 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.056 |
0.457 |
0.016 |
|
|
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 |
1.183
|
0.216 |
0.115 |
|
|
Sundry Debtors |
1.524
|
1.375 |
0.917 |
|
|
Cash & Bank Balances |
0.094
|
0.669 |
0.430 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.303
|
0.289 |
0.086 |
|
Total
Current Assets |
3.104
|
2.549 |
1.548 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.440
|
1.555 |
0.745 |
|
|
Other Current Liabilities |
0.178
|
0.150 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.618
|
1.705 |
0.745 |
|
|
Net Current Assets |
1.486
|
0.844 |
0.803 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.542 |
1.301 |
0.819 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16.093 |
6.935 |
3.901 |
|
|
|
Other Income |
0.439 |
2.075 |
0.208 |
|
|
|
Closing Stock |
0.000 |
0.000 |
0.115 |
|
|
|
TOTAL (A) |
16.532 |
9.010 |
4.224 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
14.852 |
5.391 |
0.000 |
|
|
|
Raw Material |
0.000 |
0.000 |
1.451 |
|
|
|
Administrative Expenses |
0.435 |
0.361 |
0.000 |
|
|
|
Selling Expenses |
0.250 |
0.034 |
0.000 |
|
|
|
Freight and Octroi |
0.029 |
0.012 |
0.024 |
|
|
|
Electricity Expenses |
0.030 |
0.024 |
0.086 |
|
|
|
Labour and Processing Charges |
0.000 |
2.393 |
1.372 |
|
|
|
Consumable |
0.013 |
0.047 |
0.002 |
|
|
|
Packing Materials |
0.000 |
0.023 |
0.035 |
|
|
|
Testing Charges |
0.000 |
0.000 |
0.003 |
|
|
|
Telephone Expenses |
0.000 |
0.000 |
0.026 |
|
|
|
Other Expenses |
0.000 |
0.000 |
0.916 |
|
|
|
TOTAL (B) |
15.609 |
8.285 |
3.915 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.923 |
0.725 |
0.309 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.098 |
0.002 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.825 |
0.723 |
0.278 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.075 |
0.015 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT
(E-F)
(G) |
0.750 |
0.708 |
0.278 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.54
|
7.86 |
6.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.66
|
10.21 |
7.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.03
|
23.55 |
17.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57
|
0.85 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.14
|
2.63 |
3.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
1.50 |
2.08 |
LOCAL AGENCY FURTHER INFORMATION
VALUATION REPORT
IN RESPECT OF IMMOVABLE PROPERTY
|
Date of Inspection |
27.05.2011 |
|
|
|
|
|
|
Name and Address of the Valuer |
Er. D.P Singh Virk, 25-J, Sarbha Nagar, Ludhianan |
|
|
|
|
|
|
Details of Enquiries made/ visited to Government offices for arriving fair
market value |
Property Advisors/ Consumables/ Dealers at Barewal Awana and Private
persons residing near the property. |
|
|
|
|
|
|
Sub Registrar Value/ Guidance value/ rate |
Rs. 3360.00 per sq. yd. for Residential purpose. |
|
|
|
|
|
|
Fair Market Value3 of the property |
Rs. 3.680 Millions only |
|
|
|
|
|
|
Factors fro determining its
market value |
Marketability, transferability, scarcity, utility, size, location,
sale instances and most imported demand. |
|
|
|
|
|
|
Conservative value of the property |
Rs. 3.100 Millions only |
|
|
|
|
|
|
Distress Value of the Property |
Rs. 2.400 Millions only |
|
|
|
|
|
|
Any critical aspects associated with property |
At Site only Boundary wall on west side is constructed and other sides
are open |
|
|
|
|
|
|
Property Details |
Open Plot. |
|
|
|
|
|
|
Name(s) and Address(es) of the owner(s) |
Mr. Rahul Kapoor s/o Mr. Ashok Kapoor and Mrs. Sheekha Kapoor w/o Mr. Rahul
Kapoor, R/o House No. 7-A, Industrial Area A Extension Mobile No.: 91-9781100190 (Mr. Rahul Kapoor) |
|
|
|
|
|
|
If the property is under joint ownership/ Co-ownership share of each
such owner/ are the share is undivided |
Joint Ownership, Equal Share and is undivided |
|
|
|
|
|
|
Brief description of the property (Whether open had, house property,
land area, built up area, no. of floors etc.) |
Open Plot, Land area is 193.00 sq.yds. Built up area is 0.00 sq. fts.
Nil Floor. Only boundary wall on west
sie has been constructed. |
|
|
|
|
|
|
Dimension of the
site |
As per |
Actual |
|
Part-1 |
|
|
|
North |
73’6” |
73’6” |
|
South |
71’4” |
71’4” |
|
East |
24’0” |
24’0” |
|
West |
24’1. ½” |
24’1. ½” |
|
|
|
|
|
Location of the property (Plot/ Door No. Survey No. etc.) |
Plot is situated on left side of internal road which is taken off from
Village Barewal to Frozepur road Octroi Post, at Gate No. 1 of Mahavir
Enclave, Village Baraal Awana, Tehsil and District Ludhiana |
|
|
|
|
|
|
Postal Address |
Mr. Rahul Kapor and Mrs. Sheekha Kapoor R/O House No. 7-A, Industrial
Area A Extension, Tehsil and District Ludhianan |
|
|
|
|
|
|
Boundaries of
the property |
As per sales
Deed |
Actual At Site |
|
North |
Seller |
Neighbourer Plot |
|
South |
Geetika Kapoor |
Mrs. Geetika Kapoor |
|
East |
Road |
Road |
|
West |
Neighbourer |
Neighbourer Plot |
|
|
|
|
|
Whether covered under Corporation/ Panchayat/ MC |
Out side M. Corp. |
|
|
|
|
|
|
Whether covered under any ceiling of State / Central Government |
Yes, State Government |
|
|
|
|
|
|
Is the land freehold |
Yes |
|
|
|
|
|
|
Types of the
Property - Whether |
|
|
|
Others (Specify) |
Residential |
|
|
|
|
|
|
Year of acquisition / purchase |
2010 |
|
|
|
|
|
|
Value of Purchase price |
Rs. 0.600 Million only |
|
|
|
|
|
|
Whether owner or tenant occupied the property. If occupied by tenant
since how long he is staying and the amount of rent being paid |
Owner Occupied |
|
|
|
|
|
|
Classification of
the site |
|
|
|
Population Group: Metro/ Urban/ Semi Urban/ Rural |
Semi Urban |
|
|
|
|
|
|
High/ Middle/ Poor Class |
Middle |
|
|
|
|
|
|
Residential/ Non Residential |
Residential |
|
|
|
|
|
|
Development of surrounding area |
Under Development |
|
|
|
|
|
|
Proximity of civil amenities (like school, hospital, bus stop,
markets) |
With in 4.00 kms. |
|
|
|
|
|
|
Level of the land (Plain, rock etc.) |
Plain Area |
|
|
|
|
|
|
Terrain of the land |
Plain Area |
|
|
|
|
|
|
Shape of the land (Square/ Rectangle etc.) |
Rectangular |
|
|
|
|
|
|
Type of the use to which it can put (For construction of house, factory) |
House |
|
|
|
|
|
|
Any usage restriction on the property |
Only for residential purpose |
|
|
|
|
|
|
Whether the plot is under town planning approved layout? |
Yes |
|
|
|
|
|
|
Whether the plot is
intermittent or corner? |
Intermittent. |
|
|
|
|
|
|
Whether any road facility is available? |
Yes |
|
|
|
|
|
|
Type of Road available (B.T/ |
B.T. |
|
|
|
|
|
|
Front Width of the road? |
40’0” |
|
|
|
|
|
|
Sources of Water and water potentially |
Public |
|
|
|
|
|
|
Type of sewerage system |
Public |
|
|
|
|
|
|
Availability of power supply |
Power supply is available in the locality |
|
|
|
|
|
|
General Remarks |
Good Location
for residential Purposes. |
|
|
|
|
|
|
Rent Details |
|
|
|
|
|
|
|
Is the building owner occupied/ tenant/ both |
Owner Occupy. |
|
|
|
|
|
|
VALUE OF PROPERTY |
||
|
PART I:
(Valuation of Land) |
||
|
Dimensions of the plot |
1/2 (24’0” + 204’1. ½”) X
½ (71’4” +73’6”) |
|
|
|
|
|
|
Total Area of the plot |
193.00 sq.yds as per site |
|
|
|
|
|
|
Prevailing market rate |
Rs. 16000.00 to Rs. 22000.00 per sq. yd. for Residential purposes. |
|
|
|
|
|
|
Guideline rate obtained form the Registrar Office |
Rs. 3360.00 per sq.yd. for Residential purposes. |
|
|
|
|
|
|
Assessed/ Adopted rate for valuation |
Rs. 19000.00 per sq.yd. . |
|
|
Estimated value
of the land |
Rs. 3.667
Millions |
|
|
|
|
|
|
The conservative
value of the land |
Rs. 3.100
Millions |
|
|
|
|
|
|
PART- II :
(Valuation of building property) |
||
|
Technical
details of the building |
|
|
|
|
|
|
|
Type of building residential/ commercial/ industrial |
Residential |
|
|
|
|
|
|
Type of construction (Load bearing/ RCC/ Steel Framed) |
Not Constructed |
|
|
SPECIFICATION OF CONSTRUCTION |
||
|
Description |
Specification |
|
|
|
|
|
|
Foundation |
Not Constructed |
|
|
|
|
|
|
Basement |
Not Constructed |
|
|
|
|
|
|
Superstructure |
Not Constructed |
|
|
|
|
|
|
Joinery/ Door and Windows |
Not Done |
|
|
|
|
|
|
RCC Work |
Not Done |
|
|
|
|
|
|
Plastering |
Not Applicable |
|
|
|
|
|
|
Flooring, Skirting |
Not Done |
|
|
|
|
|
|
Any Special Finishing |
No. |
|
|
|
|
|
|
Drainage |
Natural Drainage. |
|
|
|
|
|
|
Compound Wall (height, length and type of construction) |
Boundary wall 9” thick, 5’6” high and 24’1. ½” in length has been
constructed in cement sand mortar on west side only. |
|
|
|
|
|
|
Development of open area in the house |
Not developed |
|
DETAILS
OF VALUATION
|
Particulars of
Item |
Plinth Area |
Estimated
Replacement Rate |
Replacement Cost |
Depreciation |
Net Value |
|
Ground Floor |
0.00 sq.fts. |
Rs. 0.0 per sq.ft. |
Rs. 0.000 Millions |
Rs. 0 % 0.000 Millions |
Rs. 0.000 Millions |
PART III
VALUATION
OF OTHER AMENITIES/ EXTRA ITEMS/
MISCELLANEOUS
|
Particulars of
Item |
Qty |
Estimated
Replacement Rate |
Replacement Cost |
Depreciation |
Net Value |
|
|
LS |
-- |
Rs. 0.015 Million |
3% Rs. 0.001 Million |
Rs. 0.015 Million |
|
SUMMARY OF VALUATION |
|
|
Part I Land |
Rs. 3.667 Millions |
|
|
|
|
Part II Building |
Rs. 0.000 Million |
|
|
|
|
Part III Other amenities/ Miscellaneous |
Rs. 0.015 Million |
|
|
|
|
Part IV Proposed Construction |
Rs. 0.000 Million |
|
|
|
|
Total market value of property |
Rs. 3.682 Million Say= Rs.
3.680 Millions |
|
|
|
|
The overall conservative value of the property |
Rs. 3.100 Millions |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
1. GROSS INCOME |
|
|
|
|
|
|
i) Sales (net of returns) |
|
|
|
|
|
|
a) Domestic Sales |
25.000 |
35.000 |
40.000 |
45.000 |
50.000 |
|
b) Export Sales |
-- |
-- |
-- |
-- |
-- |
|
c) Sub- Total (a+b) |
25.000 |
35.000 |
40.000 |
45.000 |
50.000 |
|
d) % age rise (+) or fall (-) in sales turnover as compared to
previous year |
55.35 |
40.00 |
14.29 |
12.50 |
11.11 |
|
|
|
|
|
|
|
|
ii) Other income / Job Work tc. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
a) Duty drawback |
-- |
-- |
-- |
-- |
-- |
|
b) Cash Assistance |
-- |
-- |
-- |
-- |
-- |
|
c) Commission and Brokerage received |
-- |
-- |
-- |
-- |
-- |
|
d) Sub- Total (a+b+c) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iii) Total (i) +(ii) |
25.000 |
35.000 |
40.000 |
45.000 |
50.000 |
|
|
|
|
|
|
|
|
2. COST OF SALES |
|
|
|
|
|
|
i) Purchases |
24.574 |
33.604 |
37.705 |
42.418 |
47.131 |
|
|
|
|
|
|
|
|
ii)l Other trading expenses (Carriage inward, cons, stores/
Electricity expenses etc.) |
0.113 |
0.159 |
0.181 |
0.204 |
0.227 |
|
|
|
|
|
|
|
|
iii) External Labour/ Packing etc./ Wages etc. |
0.367 |
0.513 |
0.587 |
0.660 |
0.733 |
|
Sub Total (i+ii) |
25.054 |
34.276 |
38.473 |
43.282 |
48.091 |
|
|
|
|
|
|
|
|
iv) Add: Opening Stock |
1.183 |
2.457 |
3.360 |
3.770 |
4.242 |
|
|
|
|
|
|
|
|
v) Sub- Total (iii +iv) |
26.237 |
36.734 |
41.833 |
47.052 |
52.333 |
|
|
|
|
|
|
|
|
vi) Less: Closing Stock |
2.457 |
3.360 |
3.770 |
4.242 |
4.713 |
|
|
|
|
|
|
|
|
vii) Sub- Total (Total Cost of Sales) (v-vi) |
23.780 |
33.373 |
38.063 |
42.810 |
47.620 |
|
|
|
|
|
|
|
|
3. SELLING GENERAL AND ADMINISTRATIVE EXPENSES |
0.493 |
0.542 |
0.596 |
0.656 |
0.722 |
|
(Including Bonus Payments) |
|
|
|
|
|
|
|
|
|
|
|
|
|
4. Operating Profit (before Interest and Depreciation) [1(iii) –
2(vii) -3] |
0.727 |
1.085 |
1.341 |
1.534 |
1.659 |
|
|
|
|
|
|
|
|
5. Interest |
0.148 |
0.391 |
0.411 |
0.407 |
0.410 |
|
|
|
|
|
|
|
|
6. Depreciation |
0.116 |
0.096 |
0.081 |
0.069 |
0.058 |
|
|
|
|
|
|
|
|
7. Operating Profit (after interest and Depreciation (4-5-6) |
0.464 |
0.597 |
0.849 |
1.058 |
1.190 |
|
|
|
|
|
|
|
|
8. i) Ad: Other non-operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Rent and Interest etc. |
0.450 |
0.450 |
0.450 |
0.450 |
0.450 |
|
|
|
|
|
|
|
|
C) Sub – Total (Income) |
0.914 |
1.047 |
1.299 |
1.508 |
1.640 |
|
|
|
|
|
|
|
|
ii) Less: Other non-operating expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
c) Sub- Total (Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iii) Net of other non-operating income/ expenses (net of 8(i) and
8(ii) |
0.450 |
0.450 |
0.450 |
0.450 |
0.450 |
|
|
|
|
|
|
|
|
9. Profit Before Tax/ Loss (7+8(iii)) |
0.914 |
1.047 |
1.299 |
1.508 |
1.640 |
|
|
|
|
|
|
|
|
11. Provision for taxes |
0.088 |
0.126 |
0.201 |
0.264 |
0.304 |
|
|
|
|
|
|
|
|
12. Net Profit/ Loss (9-10-11) |
0.826 |
0.922 |
1.098 |
1.244 |
1.337 |
|
|
|
|
|
|
|
|
13. Retained Profit (9-10-11) |
0.826 |
0.922 |
1.098 |
1.244 |
1.337 |
|
|
|
|
|
|
|
|
14. Retained Profit/ Net Profit (% age) (13-11) |
0.331 |
0.263 |
0.274 |
0.276 |
0.267 |
|
(% Age) (13-11) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
ANALYSIS
OF BALANCE SHEET
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
1. CURRENT
LIABILITIES |
|
|
|
|
|
|
Short term Borrowings form Banks (including bills purchased,
discounted and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
i) From Applicant Bank |
3.500 |
3.500 |
3.500 |
3.500 |
3.500 |
|
ii) From Other Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub Total (A) |
3.500 |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
2. Short Term Borrowings form others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3. Sundry Creditors (Trade) |
2.048 |
2.800 |
3.142 |
3.535 |
3.928 |
|
|
|
|
|
|
|
|
4. Advance payments form customers / deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
5. Provision for taxation |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
6. Dividend payable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7. Other statutory liabilities (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
8. Deposits / Installments of term (Loans / DPGs/ Debenture etc) (Due
within one year0 |
0.086 |
0.086 |
0.086 |
0.057 |
0.000 |
|
|
|
|
|
|
|
|
9. Other current liabilities and provision (Due within one year) |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
(Specify Major Items) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total (B) |
2.334 |
3.086 |
3.428 |
3.792 |
4.128 |
|
|
|
|
|
|
|
|
10. Total Current Liabilities (Total of 1 to 9) |
5.834 |
6.586 |
6.928 |
7.292 |
7.628 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
11. Debentures (not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
12. Preference Shares (redeemable after one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
13. Term Loans (Excluding installments payable within one year) |
|
|
|
|
|
|
i) Bank (Car Loan) |
0.229 |
0.143 |
0.057 |
0.000 |
0.000 |
|
ii) Others |
|
|
|
|
|
|
|
|
|
|
|
|
|
14. Deferred Payment Credits (Excluding installment due within
one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
15. Term Deposits (repayable after one year) |
0.700 |
0.800 |
0.800 |
0.800 |
0.800 |
|
|
|
|
|
|
|
|
16. Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
17. Total Term Liabilities (Total 11 to 16) |
0.929 |
0.943 |
0.857 |
0.800 |
0.800 |
|
|
|
|
|
|
|
|
18. Total Outside Liabilities ( 10+17) |
6.763 |
7.529 |
7.785 |
8.092 |
8.428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NETWORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
19. Ordinary share capital/ Partners’ Capital |
2.149 |
3.071 |
3.969 |
5.012 |
6.149 |
|
|
|
|
|
|
|
|
20. General Reserve |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
21. Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
22. Other Reserve (excluding provisions) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
23. Surplus/ Deficit in Profit and Loss Account |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
24. Net Worth |
2.149 |
3.071 |
3.969 |
5.012 |
6.149 |
|
|
|
|
|
|
|
|
25. Total Liabilities (18+24) |
8.912 |
10.600 |
11.754 |
13.104 |
14.577 |
|
|
|
|
|
|
|
|
26. Cash and Bank Balances |
0.748 |
0.162 |
0.153 |
0.268 |
0.494 |
|
|
|
|
|
|
|
|
27. Investments (Other than long term investments) |
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Government and other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii) F.D. With Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
28. i) Receivables other than deferred and exports including bills purchased
and discounted by banks |
4.167 |
5.833 |
6.667 |
7.500 |
8.333 |
|
|
|
|
|
|
|
|
ii) Export receivables (Including bills purchased and discounted by
banks) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
29. Installments under deferred receivables due within one year |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
30. Stocks in trade |
2.457 |
3.360 |
3.770 |
4.242 |
4.713 |
|
|
|
|
|
|
|
|
31. Advances to suppliers of R/M and Stores/ Spares/ Others |
0.300 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
32. Advance payment of taxes |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
33. Other Current Assets |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
34. Total Current assets of 26 to 33 |
7.972 |
9.756 |
10.990 |
12.410 |
13.941 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
35. Gross Block (Land and Building Machinery, Furniture and fittings,
vehicles) |
1.056 |
0.940 |
0.844 |
0.763 |
0.695 |
|
|
|
|
|
|
|
|
36. Depreciation to Date |
0.116 |
0.096 |
0.081 |
0.069 |
0.058 |
|
|
|
|
|
|
|
|
37. Net Block (35-36) |
0.940 |
0.844 |
0.763 |
0.695 |
0.636 |
|
|
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
38. Investments/ Book Debts/ advances/ deposits which are not current
assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
i) a) Investments in Subsidiary Companies |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b) Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii) Advances to Suppliers of Capital Goods and Contractors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii) Deferred receivable (Maturity exceeding one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iv) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
39. Non-Consumables stores and spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
40. Others non-current assets including dues from directors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
41. Total Other non-current
assets (Total of 38 to 40) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
42. Intangible Assets (Patents Goodwill, preliminary expenses bad/
doubtful debts not provided for etc.) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
43. Total Assets (34, 37, 41 and 42) |
8.912 |
10.600 |
11.754 |
13.104 |
14.577 |
|
|
|
|
|
|
|
|
44. Tangible Networth (24-42) |
2.149 |
3.071 |
3.969 |
5.012 |
6.149 |
|
|
|
|
|
|
|
|
45. Net Working Capital [ (17+24) –(37+41+42)] |
2.138 |
3.170 |
4.062 |
5.118 |
6.313 |
|
To tally with (34-10) |
2.138 |
3.170 |
4.062 |
5.118 |
6.313 |
|
|
|
|
|
|
|
|
46. Current Ratio (Item 34/10) |
1.37 |
1.48 |
1.59 |
1.70 |
1.83 |
|
|
|
|
|
|
|
|
47. Total outside liabilities/ Net Worth Assets (18/44) |
3.15 |
2.45 |
1.96 |
1.61 |
1.37 |
|
|
|
|
|
|
|
|
ADDITIONAL
INFORMATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Arrears of Depreciation |
-- |
-- |
-- |
-- |
-- |
|
B) Contingent Liabilities |
-- |
-- |
-- |
-- |
-- |
|
i) Arrears of Cumulative dividends |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii) Gratuity Liability not provided for |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii) Disputed excise/ custom/ tax liabilities |
-- |
-- |
-- |
-- |
-- |
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
A. CURRENT
ASSETS |
|
|
|
|
|
|
1. Stocks in trade |
2.457 |
3.360 |
3.770 |
4.242 |
4.7163 |
|
Months’ Cost of sales |
1.24 |
1.21 |
1.19 |
1.19 |
1.19 |
|
|
|
|
|
|
|
|
2. Receivables other than export and deferred receivables (Including
bills purchased and discounted by bankers) |
4.167 |
5.833 |
6.667 |
7.500 |
8.333 |
|
|
|
|
|
|
|
|
Months domestic Sales excluding deferred payment sales |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
|
|
|
|
|
|
|
|
3. Export Receivables (Including bills purchased and discounted ) |
-- |
-- |
-- |
-- |
-- |
|
Months export sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
4. Advance to supplier of raw materials and stores/ spares consumables
|
0.300 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
5. Other current assets including cash and bank balances and deferred receivables
due within one year (Specify major items) |
1.048 |
0.462 |
0.453 |
0.568 |
0.794 |
|
|
|
|
|
|
|
|
Total Current Assets |
7.972 |
9.756 |
10.990 |
12.410 |
13.941 |
|
(To agree with item 34 in Form III) |
7.972 |
9.756 |
10.990 |
12.410 |
13.941 |
|
|
|
|
|
|
|
|
8. CURRENT LIABILITIES |
|
|
|
|
|
|
(Other than bank borrowings form working capital) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7. Sundry Creditors (Trade) |
2.048 |
2.800 |
3.142 |
3.535 |
2.928 |
|
(Month’s purchases) |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
|
8. Advance from Customers/ Deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
9. Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
10. Other Current Liabilities (Specify major items) |
0.286 |
0.286 |
0.286 |
0.286 |
0.286 |
|
Term borrowings, unsecured loans, dividends payable, installments of
DPG, Public Deposits debenture etc. |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
11. Total (To agree with sub-Total B Form III) |
2.334 |
3.086 |
3.428 |
3.792 |
4.128 |
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
1. Total Current Assets (34 of form III) |
7.972 |
9.756 |
10.990 |
12.410 |
13.941 |
|
|
|
|
|
|
|
|
2. Other Current Liabilities (Other than Bank borrowings) (2 to 9 of Form III) |
2.334 |
3.086 |
3.428 |
3.792 |
4.128 |
|
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) (1-2) |
5.638 |
6.670 |
7.562 |
8.618 |
9.813 |
|
|
|
|
|
|
|
|
4. Minimum stipulated net working capital i.e. 25% of WCG/ 25% of
total current assets as the case may be depending upon the method of lending
being applied (Export receivables to be excluded under both methods) |
1.993 |
2.439 |
2.748 |
3.102 |
3.485 |
|
|
|
|
|
|
|
|
5. Actual/ Projected net working Capital (45 in Form III) |
2.138 |
3.170 |
4.062 |
5.118 |
6.313 |
|
|
|
|
|
|
|
|
6. Item 3 (-) Item 4 |
3.645 |
4.231 |
4.815 |
5.515 |
6.328 |
|
|
|
|
|
|
|
|
7. Item 3 (-) Item 5 |
3.500 |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
8. Maximum permissible bank finance (Item 6 to 7 whichever is lower) |
3.500 |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
9. Excess borrowings representing short fall in NWC (4-5) |
[0.145] |
[0.731] |
[1.315] |
[2.015] |
[2.828] |
FUND FLOW
STATEMENT
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
1. SOURCES |
|
|
|
|
|
|
a) Net Profit (after tax) |
0.826 |
0.922 |
1.098 |
1.244 |
1.337 |
|
b) Depreciation |
0.116 |
0.096 |
0.081 |
0.069 |
0.058 |
|
c) Increase in Capital |
0.000 |
0.000 |
[0.200] |
[0.200] |
[0.200] |
|
|
|
|
|
|
|
|
d) Increase in Term Liabilities (including Public Deposits) |
0.072 |
0.014 |
[0.086] |
[0.057] |
0.000 |
|
|
|
|
|
|
|
|
e) Decrease in |
|
|
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
-- |
-- |
|
ii) Other non –current assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
1.014 |
1.032 |
0.893 |
1.055 |
1.195 |
|
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
|
a) Net Loss |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b) Decrease in Term Liabilities (Including public deposits) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
c) Increase in |
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other non-current |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
d) Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
3. Long term Surplus (+) Deficit (-) (1-2) |
1.014 |
1.032 |
0.893 |
1.055 |
1.195 |
|
|
|
|
|
|
|
|
4. Increase/ Decrease in current assets (As per details given below) |
4.868 |
1.784 |
1.234 |
1.419 |
1.531 |
|
|
|
|
|
|
|
|
5. Increase / Decrease in Current Liabilities other than bank
borrowings |
0.630 |
0.752 |
0.342 |
0.364 |
0.336 |
|
|
|
|
|
|
|
|
6. Increase/ Decrease in Working Capital GAP |
4.238 |
1.032 |
0.893 |
1.055 |
1.195 |
|
|
|
|
|
|
|
|
7. Net Surplus (+) deficit (-) Difference of 3 and 6 |
[3.224] |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
8. Increase/ Decrease in Bank Borrowings |
3.224 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INCREASE/
DECREASE IN NET SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Increase/ Decrease in Stock-in-trade |
1.274 |
0.903 |
0.410 |
0.471 |
0.471 |
|
ii) Increase/ Decrease in Receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Domestic |
2.643 |
1.667 |
0.833 |
0.833 |
0.833 |
|
b) Exports |
-- |
-- |
-- |
-- |
-- |
|
c) Other |
0.951 |
[0.785] |
[0.009] |
0.115 |
0.226 |
|
|
4.868 |
1.784 |
1.234 |
1.419 |
1.531 |
CALCULATION
OF D.S.C.R
(Rs.
in Millions)
|
Particulars |
31.03.2012 (Estimates) |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
(Projections) |
|||||
|
Profit After Tax |
0.826 |
0.922 |
1.098 |
1.244 |
1.337 |
|
Add: Depreciation |
0.116 |
0.096 |
0.081 |
0.069 |
0.058 |
|
Interest on Term Loan/ Car Loan |
0.041 |
0.031 |
0.021 |
0.011 |
0.002 |
|
Total |
0.983 |
1.049 |
1.200 |
1.324 |
1.397 |
|
Repayment of Term Loan |
0.086 |
0.086 |
0.086 |
0.086 |
0.056 |
|
Interest on Term Loan |
0.041 |
0.031 |
0.021 |
0.011 |
0.002 |
|
Total |
0.127 |
0.117 |
0.107 |
0.097 |
0.058 |
|
D.S.C.R. |
0.774 |
0.895 |
1.119 |
1.359 |
2.402 |
|
Average D.S.C.R |
10.91 |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES
(NET WORTH
STATEMENT)
|
NAME OF THE
APPLICANT |
MR. RAHUL KAPOOR |
|
|
|
|
NAME OF THE
GUARANTOR |
MRS. SHEEKHA
KAPOOR |
|
IMMOVABLE
PROPERTIES |
APPLICANT |
GUARANTOR |
|
Address of the Property with Survey No./ Door No. etc. |
|
½ Shares in Residential Plat of 193 sq.yards at Mahavir Enclave LDH |
|
|
|
|
|
Description: Land/ Site/ Building |
|
-- |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
|
-- |
|
|
|
|
|
Mortgaged for availing loan if any, details thereof |
Residential Plot Mortgaged to Indian Bank |
-- |
|
|
|
|
|
Present market/
Assessed value |
|
Rs. 1.750
Millions |
|
|
|
|
|
INVESTMENT IN
BUSINESS CAPITAL |
||
|
Name of the Company/ firm/ Concern in which investment is made |
Kapoor Overseas |
Kapoor Overseas |
|
|
|
|
|
Present Value of
Investments |
Rs. 1.323
Millions |
Rs. 0.442
Million |
|
|
|
|
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDER ETC. |
||
|
Name of the Bank/ Company where deposits are held |
Indian Bank Saving Account |
Punjab National Bank |
|
|
|
|
|
Present Value of
Deposit (31.03.2011) |
Rs. 0.007
Million |
Rs. 0.005
Million |
|
|
|
|
|
LIFE INSURANCE
POLICIES |
||
|
Annual Premium |
Rs. 0.045 Million |
-- |
|
|
|
|
|
Sum Assured |
Rs. 0.900 Million |
-- |
|
|
|
|
|
Surrender Value |
Rs. 0.100
Millions |
-- |
|
|
|
|
|
VEHICLES OWNED |
||
|
Model/ Make |
Ford Figo |
-- |
|
|
|
|
|
Whether Hypothecated for Loan |
Indian Bank |
-- |
|
|
|
|
|
Details of loan against vehicles |
Rs. 0.430 Million |
-- |
|
|
|
|
|
Present Market
Value |
Rs. 0.425
Million |
-- |
|
|
|
|
|
OTHER ASSETS |
||
|
Furniture and Fixture |
Rs. 0.050 Million |
Rs. 0.050 Million |
|
|
|
|
|
Cash in hand |
Rs. 0.020 Million |
Rs. 0.050 Million |
|
|
|
|
|
Jewellery (estimated) |
Rs. 0.050 Million |
Rs. 0.200 Million |
|
|
|
|
|
Total Value of
other Assets |
Rs. 0.120
Million |
Rs. 0.300
Million |
|
|
|
|
|
TOTAL ASSETS |
RS. 11.225
MILLIONS |
RS. 2.497
MILLIONS |
|
|
|
|
|
LIABILITIES
(PLEASE FURNISH LOANS AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER
BORROWINGS) |
||
|
Name of the Bank/ Institution |
Indian Bank |
-- |
|
|
|
|
|
Nature/ Type of Loan |
Car loan |
-- |
|
|
|
|
|
Date of Loan |
November 10 |
-- |
|
|
|
|
|
Amount of Loan Availed |
Rs. 0.430 Million |
-- |
|
|
|
|
|
AMOUNT
OUTSTANDING |
RS. 0.401 MILLION |
-- |
|
|
|
|
|
NET WORTH |
RS. 10.824
MILLIONS |
RS. 2.497
MILLIONS |
Trade References:
·
Reliance Retails Limited
·
Aditya Birla Retail
Limited
·
Bharti Wal Mart Private
Limited
Fixed Assets:
·
Invertors
·
Computer
·
Car
·
Plant and Machinery
·
Plot
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.44.59 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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.