MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALASKA EXPORTS |
|
|
|
|
Registered
Office : |
203, Ezhil Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
20.07.1993 |
|
|
|
|
Com. Reg. No.: |
33763780782 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 7.610 Millions |
|
|
|
|
IEC No.: |
0493031626 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFA5525C |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Home Textile Madeups, Home Furnishing and
Garments. |
|
|
|
|
No. of
Employees: |
Approximately 42 (Office 10, Factory 30 and Branch 2) |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be an established concern in its field. Trade
relations are reported to be fair. Valuation report and networth statement
provided however seems to be acceptable. 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. S. Thirunavukkarasu |
|
Designation : |
Managing Partner |
|
Contact No.: |
91-9843256383 |
|
Date : |
15.06.2011c |
LOCATIONS
|
Registered Office/ Factory : |
203, Ezhil Nagar, |
|
Tel. No.: |
91-4324-240758/ 240558 |
|
Mobile No.: |
91-9843256383 (Mr. S. Thirunavukkarasu) |
|
Fax No.: |
91-4324-240248 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Rented |
|
|
|
|
Branch Office : |
Jain Nagar, |
|
Area : |
Rented |
PARTNERS
|
Name : |
Mr. S Thirunavukkarasu |
|
Designation : |
Partner |
|
Address : |
9, Easwars House, Ganesh Nagar II Cross, Karur-639002, |
|
Date of Birth/Age : |
10.03.1970 |
|
Qualification : |
M.A. Literature (English) |
|
Experience : |
17 Years |
|
|
|
|
Name : |
Mr. T. M. Ramalingam |
|
Designation : |
Partner |
|
Address : |
7/4, Gandhipuram West, Sengunthapuram Post, Karur-639002, |
|
Date of Birth/Age : |
25.06.1969 |
|
Qualification : |
S.S.L.C. |
|
Experience : |
17 Years |
|
PAN No.: |
ADJPR8023J |
|
|
|
|
Name : |
Mr. P Muthusamy |
|
Designation : |
Partner |
|
Address : |
20A/1 Periyar Nagar, 1st Cross, Karur-639002, |
|
Date of Birth/Age : |
15.05.1965 |
|
Qualification : |
S.S.L.C. |
|
Experience : |
17 Years |
|
PAN No.: |
AJEPM1788N |
|
|
|
|
Name : |
Mr. M. Dinesh |
|
Designation : |
Partner |
|
Address : |
20/10, Sengunthar Nagar, Vengamedu, Karur-639006, |
|
Date of Birth/Age : |
19.01.1982 |
|
Qualification : |
M.B.A |
|
Experience : |
10 Years |
|
PAN No.: |
AJFPD2838P |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Home Textile Madeups, Home Furnishing and
Garments. |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30-60 Days) |
|
|
|
|
Purchasing : |
Credit (30-60 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Anu Traders, Karur ·
AEon Garments, Tirupur ·
All Trade Impex, Karur ·
Allwin Textile Processors, Erode ·
Ambara Exports, Karur ·
Best Printers, Karur ·
Clarion Aditya Printers (Private) Limited, Karur ·
Clarion Graphics, Karur ·
Cotton Craft, Erode ·
Design Pllus, Tirupur ·
Dharniss Traders, Tirupur ·
Divya Cotton Traders, Tirupur ·
Guru Yarn, Karur ·
Hi-Life Lables, Tirupur ·
Hi-Look Rabric, Karur ·
HR Textiles, ·
J.T. Fabrics Private Limited, ·
Janaksons, ·
Jay Shree Mills, Erode ·
K.C.M. Foams, Karur |
|
|
|
|
Customers : |
Wholesalers and Retailers ·
Angel Corporation, ·
·
Becksondergaard, Den ·
Blessness of Souls, ·
Blooming ·
·
Fibrelink Textiles Inc, ·
Franck and ·
Go Home Lifestyle Products Pty Limited, ·
Haba, German ·
Harl Equin Trade ·
Hoffi Hearts ·
I.K. I Company Limited, Japan ·
·
·
|
|
|
|
|
No. of Employees : |
Approximately 42 (Office 10, Factory 30 and Branch 2) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. R.P. Hari Chartered Accountant |
|
Address : |
27/32, |
|
Tel. No.: |
91-4324-264749 |
CAPITAL STRUCTURE
As on 31.03.2010
|
Partners’ Capital Account |
Rs. 7.610 Millions |
|
Partners’ Current Account |
Rs. 0.259 Million |
|
Total |
Rs. 7.869 Millions |
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 |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners’ Capital |
7.610 |
7.321 |
6.794 |
|
|
2] Partners’ Current Account |
0.259 |
[0.055] |
0.168 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
6] Others |
0.000 |
[0.020] |
[0.174] |
|
|
NETWORTH |
7.869 |
7.246 |
6.788 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.980 |
5.273 |
5.416 |
|
|
2] Unsecured Loans |
1.350 |
0.850 |
0.950 |
|
|
3] Partners’ Loan Account |
0.082 |
0.082 |
0.082 |
|
|
TOTAL BORROWING |
6.412 |
6.205 |
6.448 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.281 |
13.451 |
13.236 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.321 |
3.081 |
3.325 |
|
|
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 |
7.173
|
6.857 |
10.208 |
|
|
Sundry Debtors |
1.433
|
12.994 |
3.341 |
|
|
Cash & Bank Balances |
2.383
|
3.994 |
3.629 |
|
|
Other Current Assets |
1.525
|
0.172 |
0.266 |
|
|
Loans & Advances |
1.867
|
1.811 |
1.285 |
|
Total
Current Assets |
14.381
|
25.828 |
18.729 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.281
|
15.421 |
8.815 |
|
|
Other Current Liabilities |
0.140
|
0.037 |
0.003 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
3.421
|
15.458 |
8.818 |
|
|
Net Current Assets |
10.960
|
10.370 |
9.911 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.281 |
13.451 |
13.236 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
42.029 |
50.044 |
39.402 |
|
|
|
Other Income |
1.334 |
4.727 |
4.396 |
|
|
|
TOTAL |
43.363 |
54.771 |
43.798 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
17.466 |
16.982 |
19.528 |
|
|
|
Printing and Embroidery |
2.232 |
1.371 |
0.402 |
|
|
|
Shipping and Airfreight Charges |
1.191 |
0.000 |
0.000 |
|
|
|
Overseas Inspection Charges |
1.670 |
0.000 |
0.000 |
|
|
|
Dyeing and Bleaching Charges |
2.164 |
2.938 |
2.876 |
|
|
|
Processing Charges |
1.635 |
0.578 |
0.073 |
|
|
|
Salary |
0.893 |
0.830 |
0.905 |
|
|
|
Partners’ Salary and Bonus |
0.168 |
0.168 |
0.168 |
|
|
|
Other Expenses |
15.256 |
30.945 |
18.429 |
|
|
|
TOTAL |
42.675 |
53.812 |
42.381 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.688 |
0.959 |
1.414 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.399 |
0.432 |
0.404 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.289 |
0.527 |
1.013 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.67
|
0.96 |
2.31 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.69
|
1.05 |
2.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.63
|
1.82 |
4.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.07 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.25
|
2.99 |
2.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.20
|
1.68 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT
SHOWING ASSETS AND LIABILIITES
(NET WORTH
STATEMENT)
|
NAME OF THE APPLICANT |
MR. S. THIRUINAVUKKARASU |
|
|
|
|
NAME OF THE CO-APPLICANT |
MR. T.M. RAMALINGAM |
|
|
|
|
NAME OF THE GUARANTOR |
MR. P MATHUSAMY |
|
Immovable
Properties |
Applicant |
Co-Applicant |
Guarantor |
|
INVESTMENT IN BUSINESS CAPITAL |
|||
|
Name of the Company/ Firm/ Concern in which
investment is made |
|
|
|
|
|
|
|
|
|
Present value of
Investments |
Rs. 2.249 Million |
Rs. 2.260 Millions |
Rs. 1.703 Millions |
|
|
|
|
|
|
LIFE INSURANCE POLICIES |
|||
|
Annual Premium |
Rs. 0.193 Million |
Rs. 0.180 Million |
Rs 0.016 Million |
|
|
|
|
|
|
Sum Assured |
Rs. 1.550 Million |
Rs. 2.250 Millions |
Rs. 0.250 Million |
|
|
|
|
|
|
Surrender Value |
Rs. 0.214 Million |
Rs. 0.746 Million |
Rs. 0.162 Million |
|
|
|
|
|
|
VEHICLES OWNED |
|||
|
Model/ Make |
Honda Activa |
Maruti 800 |
Scooty Pep |
|
|
|
|
|
|
Date of Purchase |
23.01.2009 |
04.05.2008 |
03.01.2011 |
|
|
|
|
|
|
Whether Hypothecation for loan |
No |
No |
No |
|
|
|
|
|
|
Present Market Value |
Rs. 0.035 Million |
Rs. 0.100 Million |
Rs. 0.040 Million |
|
|
|
|
|
|
OTHER ASSETS |
|||
|
Furniture and Fixture |
Rs. 0.130 Million |
Rs. 0.162 Million |
Rs. 0.073 Million |
|
|
|
|
|
|
Cash in hand |
Rs. 0.232 Million |
Rs. 0.250 Million |
Rs. 0.200 Million |
|
|
|
|
|
|
Jewellery |
Rs. 0.158 Million |
Rs. 0.138 Million |
Rs. 0.100 Million |
|
|
|
|
|
|
Other Asset if any (Specify) |
Rs. 0.025 Million |
Rs. 0.030 Million |
Rs. 0.050 Million |
|
|
|
|
|
|
Total Value of Other Assets |
Rs. 0.545 Million |
Rs. 0.580 Million |
Rs. 0.423 Million |
|
|
|
|
|
|
TOTAL ASSETS |
RS. 3.043 MILLIONS |
RS. 3.686 MILLIONS |
RS. 2.328 MILLIONS |
|
|
|
|
|
|
TOTAL LIABILITIES |
NIL |
NIL |
NIL |
|
|
|
|
|
|
NET WORTH |
RS. 3.043 MILLIONS |
RS. 3.686 MILLIONS |
RS. 2.328 MILLIONS |
|
|
|
|
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILIITES
(NET WORTH
STATEMENT)
|
NAME OF THE APPLICANT |
MR. M. DINESH |
|
IMMOVABLE PROPERTIES |
APPLICANT |
|
INVESTMENT IN BUSINESS CAPITAL |
|
|
Name of the Company/ Firm/ Concern in which
investment is made |
|
|
|
|
|
Present value of
Investments |
Rs. 1.739 Millions |
|
|
|
|
LIFE INSURANCE POLICIES |
|
|
Annual Premium |
Rs. 0.048 Million |
|
|
|
|
Sum Assured |
Rs. 0.825 Million |
|
|
|
|
Surrender Value |
Rs. 0.377 Million |
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
Hond Clnikon |
|
|
|
|
Whether hypothecation for loan |
02.02.2007 |
|
|
|
|
Present market value |
Rs. 0.035 Million |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.092 Million |
|
|
|
|
Cash in hand |
Rs. 0.180 Million |
|
|
|
|
Jewellery |
Rs. 0.158 Million |
|
|
|
|
Other Asset if any (Specify) |
Rs. 0.040 Million |
|
|
|
|
Total Value of other Assets |
Rs. 0.470 Million |
|
|
|
|
TOTAL ASSETS |
RS. 2.621 MILLIONS |
|
|
|
|
TOTAL LIABILITIES |
NIL |
|
|
|
|
NET WORTH |
RS. 2.621 MILLIONS |
--------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILIITES
(NET WORTH
STATEMENT)
|
NAME OF THE
GUARANTOR |
MRS. K DEEPA |
|
|
|
|
NAME OF THE
GUARANTOR |
MRS. R PARAMESWARI |
|
IMMOVABLE PROPERTIES |
GUARANTOR |
GUARANTOR |
|
|
|
|
|
Address of the property with Survey No./
Door No. etc. |
S.F. No. 1908/A1 and A2, 1870/1,2 and 3, Near
Pee Tee Coach Bus Body Shed, Andankoil East
Panchayat, Karur-2 |
S.F. No. 1908/A1 and A2, 1870/1,2 and 3,
Near Pee Tee Coach Bus Body Shed, Andankoil East Panchayat, Karur-2 |
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
-- |
|
|
|
|
|
Whether free hold/ lease hold |
Free hold |
-- |
|
|
|
|
|
Type of property: Commercial/ residential/
agricultural |
Residential |
-- |
|
|
|
|
|
Area/ Extent of Land |
0.77 ˝ acre |
-- |
|
|
|
|
|
Present market/ assessed value |
Rs. 4.350 Millions (1/4th Share) |
Rs. 4.350 Millions (1/4th Share) |
|
|
|
|
|
LIFE INSURANCE POLICIES |
||
|
Annual Premium |
Rs. 0.016 Million |
Rs. 0.013 Million |
|
|
|
|
|
Sum Assured |
Rs. 0.300 Million |
Rs. 0.200 Million |
|
|
|
|
|
Surrender Value |
Rs. 0.094 Million |
Rs. 0.083 Million |
|
|
|
|
|
OTHER ASSETS |
||
|
Jewellery |
Rs. 0.125 Million |
Rs. 0.130 Million |
|
|
|
|
|
Other Assets if any (Specify) |
Rs. 0.058 Million |
Rs. 0.038 Million |
|
|
|
|
|
Total Value of other Assets |
Rs. 0.183 Million |
Rs. 0.168 Million |
|
|
|
|
|
TOTAL ASSETS |
RS. 4.627 MILLIONS |
RS. 4.601 MILLIONS |
|
|
|
|
|
TOTAL LIABILITIES |
NIL |
NIL |
|
|
|
|
|
NET WORTH |
RS. 4.627 MILLIONS |
RS. 4.601 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILIITES
(NET WORTH
STATEMENT)
|
NAME OF THE
GUARANTOR |
MRS. M. BAKKIAM |
|
|
|
|
NAME OF THE
GUARANTOR |
MRS. S CLSHA |
|
IMMOVABLE PROPERTIES |
GUARANTOR |
GUARANTOR |
|
Address of the property with Survey No./
Door No. etc. |
S.F. No. 1908/A1 and A2, 1870/1, 2 and 3 Near
Pee, Tee coach Bus Body Shed, Andankoil East Panchayat, Karur-2 |
S.F. No. 1908/A1 and A2, 1870/1, 2 and 3
Near Pee, Tee coach Bus Body Shed, Andankoil East Panchayat, Karur-2 |
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
-- |
|
|
|
|
|
Whether free hold/ lease hold |
Freehold |
-- |
|
|
|
|
|
Type of property: Commercial/ residential/
agricultural |
Residential |
-- |
|
|
|
|
|
Area/ Extent of Land |
0.77 ˝ acre |
-- |
|
|
|
|
|
Present market/ assessed value |
Rs. 4.350 Millions (1/4th
share) |
Rs. 4.350 Millions (1/4th
share) |
|
|
|
|
|
LIFE INSURANCE POLICIES |
||
|
Annual Premium |
Rs. 0.012 Million |
Rs. 0.013 Million |
|
|
|
|
|
Sum Assured |
Rs. 0.200 Million |
Rs. 0.250 Million |
|
|
|
|
|
Surrender Value |
Rs. 0.088 Million |
Rs. 0.092 Million |
|
|
|
|
|
OTHER ASSETS: |
||
|
Jewellery |
Rs. 0.100 Million |
Rs. 0.158 Million |
|
|
|
|
|
Other Assets if any (Specify) |
Rs. 0.050 Million |
Rs. 0.040 Million |
|
|
|
|
|
Total Value of other Assets |
Rs. 0.150 Million |
Rs. 0.198 Million |
|
|
|
|
|
TOTAL ASSETS |
RS. 4.588 MILLIONS |
RS. 4.640 MILLIONS |
|
|
|
|
|
TOTAL LIABILITIES |
NIL |
NIL |
|
|
|
|
|
NET WORTH |
RS. 4.588 MILLIONS |
RS. 4.640 MILLIONS |
---------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(Rs. in Millions)
|
SOURCES OF FUNDS |
31.03.2011 (Estimated) |
31.03.2012 (Projected) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
8.681 |
9.549 |
|
|
2] Share Application Money |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
|
|
NETWORTH |
8.681 |
9.549 |
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
10.000 |
10.000 |
|
|
2] Unsecured Loans |
2.000 |
2.500 |
|
|
TOTAL BORROWING |
12.000 |
12.500 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
20.681 |
22.049 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.322 |
3.322 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
|
|
PARTNERS ACCOUNT |
0.200 |
0.400 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
Inventories |
9.000 |
10.000 |
|
|
Sundry Debtors |
10.173 |
10.316 |
|
|
Cash & Bank Balances |
1.550 |
2.074 |
|
|
Other Current Assets |
0.044 |
0.044 |
|
|
Loans & Advances |
0.393 |
0.393 |
|
Total
Current Assets |
21.160 |
22.827 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
Sundry Creditors |
4.000 |
4.500 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
|
|
Provisions |
0.000 |
0.000 |
|
Total
Current Liabilities |
4.000 |
4.500 |
|
|
Net Current Assets |
17.160 |
18.327 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
20.682 |
22.049 |
|
PROFIT & LOSS ACCOUNT
(Rs.
in Millions)
|
|
PARTICULARS |
31.03.2011 (Estimated) |
31.03.2012 (Projected) |
|
|
|
SALES |
|
|
|
|
|
|
Income |
83.700 |
99.500 |
|
|
|
Other Income |
0.450 |
0.700 |
|
|
|
TOTAL |
84.150 |
100.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Goods Sold |
45.373 |
52.050 |
|
|
|
Packing Material |
3.650 |
4.200 |
|
|
|
Bank Commission |
0.900 |
1.000 |
|
|
|
Shipping and Air Freight |
2.000 |
2.500 |
|
|
|
Courier and charges |
1.400 |
1.600 |
|
|
|
Overseas inspection |
2.000 |
2.400 |
|
|
|
Salary |
1.200 |
1.320 |
|
|
|
Partners Salary and Bonus |
0.168 |
0.168 |
|
|
|
Other Expenses |
26.959 |
34.262 |
|
|
|
TOTAL |
83.650 |
99.500 |
|
|
|
|
|
|
|
|
NET PROFIT |
0.500 |
0.700 |
|
OPERATING STATMENT
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
1. Sales |
|
|
|
i. Domestic Sales |
1.200 |
1.500 |
|
ii. Export Sales/ Job Work |
82.500 |
98.000 |
|
iii. Gross Sales (i+ii) |
83.700 |
99.500 |
|
iv. Excise Duty |
-- |
-- |
|
v. Net Sales (iii-iv) |
83.700 |
99.500 |
|
vi. Other Revenue Income |
-- |
-- |
|
vii. Total |
83.700 |
99.500 |
|
|
|
|
|
2. Percentage of rise (+) or fall (-) net sales as compared to
previous year. |
9.838 |
1.888 |
|
|
|
|
|
3. COST OF SALES |
|
|
|
|
|
|
|
i. Raw Materials (including stores and other
items) used in the process of manufacturing (a+b+c) |
47.200 |
53.050 |
|
|
|
|
|
a) Opening Stock |
|
|
|
- Imported |
-- |
-- |
|
- Indigenous |
-- |
-- |
|
b) Procured/ to be procured during |
47.200 |
53.050 |
|
- Imported |
-- |
-- |
|
- Indigenous |
47.200 |
53.050 |
|
c) Closing Stock |
|
|
|
- Imported |
-- |
-- |
|
- Indigenous |
-- |
-- |
|
|
|
|
|
ii. Other Spares |
|
|
|
a) Imported |
-- |
-- |
|
b) Indigenous |
-- |
-- |
|
|
|
|
|
iii. Power and Fuel |
-- |
-- |
|
iv. Direct Labour (Factory Wages and
Salaries) |
-- |
-- |
|
v. Other Manufacturing Expenses |
18.327 |
23.950 |
|
vi. Depreciation |
-- |
-- |
|
vii. SUB- TOTAL ( i to vi) |
65.527 |
77.000 |
|
Add: Opening Stock in process |
-- |
-- |
|
Less: Closing Stock in process |
-- |
-- |
|
viii. Add: Opening Stock of Finished Goods |
7.173 |
9.000 |
|
Less: Closing Stock of Finished Goods |
9.000 |
10.000 |
|
Sub Total (Total Cost of Sales) |
63.700 |
76.000 |
|
|
|
|
|
4. Selling, General and Administrative
expenses |
18.932 |
22.332 |
|
|
|
|
|
5. Sub- Total (3+4) |
82.632 |
98.332 |
|
|
|
|
|
6. Operating Profit before Interest (1-5) |
1.068 |
1.168 |
|
|
|
|
|
7. Interest |
0.850 |
1.000 |
|
|
|
|
|
8. Operating Profit after Interest (6-7) |
0.218 |
0.168 |
|
|
|
|
|
9 i) Other Non-operating income |
0.450 |
0.700 |
|
|
|
|
|
Sub- Total (Income) |
0.450 |
0.700 |
|
|
|
|
|
ii) Deduct other non-operating expenses |
-- |
-- |
|
|
|
|
|
iii) Net of other non- operating income/
expenses (i-ii) |
0.450 |
0.700 |
|
|
|
|
|
10. Profit before tax/ Loss (8+9(iii) |
0.668 |
0.868 |
|
|
|
|
|
11. Provision for taxes |
-- |
-- |
|
|
|
|
|
12. Net Profit/ Loss (10-11) |
0.668 |
0.868 |
|
|
|
|
|
13. a) Equity dividend amount/ drawings |
-- |
-- |
|
b) Dividend rate |
-- |
-- |
|
|
|
|
|
14. Retained Profit (12-13) |
0.668 |
0.868 |
|
|
|
|
|
15. Retained Profit/ Net Profit (% age) |
100.00 |
100.00 |
ANALYSIS OF BALANCE SHEET
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
CURRENT LIABILITIES |
|
|
|
1. Short –term borrowings from banks (including bills purchased, discounted and
excess borrowings placed on repayment basis) |
|
|
|
i) From Applicant bank |
10.000 |
10.000 |
|
ii) From other banks |
-- |
-- |
|
iii) (of which BP and BD) |
-- |
-- |
|
Sub Total (A) |
10.000 |
10.000 |
|
|
|
|
|
2. Short – term borrowings form Others |
-- |
-- |
|
|
|
|
|
3. Sundry Creditors (Trade) (In Month’s
Purchase) |
4.001 |
4.501 |
|
|
|
|
|
4. Advance payment from customers/ deposits
from dealers |
-- |
-- |
|
|
|
|
|
5. Provision for taxation |
-- |
-- |
|
|
|
|
|
6. Dividend Payable |
-- |
-- |
|
|
|
|
|
7. Other statutory liabilities (due within
one year) |
-- |
-- |
|
|
|
|
|
8. Deposits/ installments of term loans/
DPGs/ debentures etc. (Due within one year) |
-- |
-- |
|
|
|
|
|
9. Other current liabilities and provision
(Due within one year) (Specify major
Items) |
-- |
|
|
|
|
|
|
Sub- Total (B) |
4.001 |
4.501 |
|
|
|
|
|
10. TOTAL CURRENT LIABILITIES (Total of 1 to 9) |
14.001 |
14.501 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11. Debentures (not maturing within one
year) |
-- |
-- |
|
|
|
|
|
12. Preference share (redeemable after one
year) |
-- |
-- |
|
|
|
|
|
13. Term Loans (excluding installments
payable within one year) |
-- |
-- |
|
|
|
|
|
14. Deferred payment creditors excluding
installments due within one year |
-- |
-- |
|
|
|
|
|
15. Term deposits (repayable after one year) |
2.000 |
2.500 |
|
|
|
|
|
16. Other term Liabilities |
-- |
-- |
|
|
|
|
|
17. TOTAL TERM LIABILITIES ( Total of 11 to 15) |
2.000 |
2.500 |
|
|
|
|
|
18. TOTAL OUTSIDE LIABILITIES (10+17) |
16.001 |
17.001 |
|
|
|
|
|
NETWORTH |
|
|
|
|
|
|
|
19. Ordinary shares capital |
8.013 |
8.681 |
|
|
|
|
|
20. General Reserve |
-- |
-- |
|
|
|
|
|
21. Revaluation reserve |
-- |
-- |
|
|
|
|
|
22. Other reserve (excluding provisions) |
-- |
-- |
|
|
|
|
|
23. Surplus (+) of deficit (-) in Profit and
Loss Account |
0.668 |
0.868 |
|
|
|
|
|
24. NET WORTH |
8.681 |
9.549 |
|
|
|
|
|
25. TOTAL LIABILITIES (18+24) |
24.682 |
26.550 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
26. Cash and bank balances |
1.550 |
2.075 |
|
|
|
|
|
27. Investments (other than long term
investments) |
-- |
-- |
|
|
|
|
|
i) Government and other Trustee securities |
-- |
-- |
|
ii) Fixed deposits with banks |
-- |
-- |
|
|
|
|
|
28. i) Receivables other than deferred exports
(including bills purchased and discounted by banks) |
|
|
|
|
|
|
|
ii) Export receivables (including bills
purchased / discounted by banks) |
|
|
|
|
|
|
|
29. Installments of deferred receivables
(due within one year) |
|
|
|
|
|
|
|
30. Inventory |
9.000 |
10.000 |
|
|
|
|
|
i) Raw Materials (including stores and other
items used in the process of manufacture) |
|
|
|
a) Imported (in month’s consumption) |
-- |
-- |
|
b) Indigenous (in month’s consumption |
-- |
-- |
|
|
|
|
|
ii) Stocks-in-process (Month’s cost of
production) |
-- |
-- |
|
|
|
|
|
iii) Finished goods (month’s cost of
production) |
9.000 |
10.000 |
|
|
|
|
|
iv) Other consumables spares |
-- |
-- |
|
a) Imported |
-- |
-- |
|
b) Indigenous |
-- |
-- |
|
|
|
|
|
31. Advances to suppliers of raw materials
and stores/ spares |
-- |
-- |
|
|
|
|
|
32. Advances payment of taxes |
-- |
-- |
|
|
|
|
|
33. Other current assets (specify major
items) |
-- |
-- |
|
|
|
|
|
34. TOTAL CURRENT ASSETS ( Total 26 to 33) |
20.723 |
22.391 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. Gross Block (Land and Building,
machinery, work-in-progress) |
3.322 |
3.322 |
|
|
|
|
|
36. Depreciation to date |
-- |
-- |
|
|
|
|
|
37. NET BLOCK (35-36) |
3.322 |
3.322 |
|
|
|
|
|
OTHER NON- CURRENT ASSETS |
|
|
|
|
|
|
|
38. Investments / book debts/ advances/
deposits/ which are not current assets |
-- |
-- |
|
|
|
|
|
i) a) Investment in subsidiary companies/
affiliates |
-- |
-- |
|
b) Others |
-- |
-- |
|
|
|
|
|
ii) Advances to suppliers of capital goods
and contractors |
-- |
-- |
|
|
|
|
|
iii) Deferred receivables (maturity
exceeding one year) |
-- |
-- |
|
|
|
|
|
iv) Other |
-- |
-- |
|
|
|
|
|
39. Non- consumables stores and spares |
-- |
-- |
|
|
|
|
|
40. Other non-current assets including dues
from directors |
0.637 |
0.837 |
|
|
|
|
|
41. TOTAL OTHER NON- CURRENT ASSETS (Total of 38 to 40) |
0.637 |
0.837 |
|
|
|
|
|
42. Intangible assets (Patents/ goodwill,
preliminary expenses, bad/ doubtful debts not provided for etc.) |
-- |
-- |
|
|
|
|
|
43. Total Assets (Total of 34, 37, 41 and
42) |
24.682 |
26.550 |
|
|
|
|
|
TOTAL LIABILITIES |
24.682 |
26.550 |
|
|
|
|
|
44.
Tangible NET Worth (24-42) |
8.681 |
9.549 |
|
|
|
|
|
45. Net Working Capital ( 17+24) –
(37.41+42) |
6.722 |
7.890 |
|
|
|
|
|
46. Current Ratio (Items 34/10) |
1.48 |
1.54 |
|
|
|
|
|
47. Total Outside Liabilities/ Tangible Net
Worth ( 18/44) |
1.84 |
1.78 |
ASSESSED BANK FINANCE
CALCULATIONS
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year Estimated |
31.03.2012 Projected |
|
1. Total Current Assets |
20.723 |
22.391 |
|
|
|
|
|
2. THAN
Bank Borrowings |
4.001 |
4.501 |
|
|
|
|
|
3. Working Capital GAP |
16.722 |
17.890 |
|
|
|
|
|
4. Net Working Capital (Act/ Projected) |
6.722 |
7.890 |
|
|
|
|
|
5. Assessed Bank Finance |
10.000 |
10.000 |
|
|
|
|
|
6. NWC to TCA % |
32.44 |
35.24 |
|
|
|
|
|
7. Bank Fin. To TCA % |
48.26 |
44.66 |
|
|
|
|
|
8. Other CL to TCA % |
-- |
-- |
|
|
|
|
|
9. S. Creditors To TCA % |
19.31 |
20.10 |
|
|
|
|
|
10. Inventories to NS (Days) |
39.25 |
36.68 |
|
|
|
|
|
11. REC. to Gross Sales (Days) |
44.36 |
37.84 |
|
|
|
|
|
12. S. Creditors to Purchase % |
30.94 |
30.97 |
PROFITABILITY RATIOS
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
Gross Sales |
83.700 |
99.500 |
|
|
|
|
|
Net Sales |
83.700 |
99.500 |
|
|
|
|
|
Operating Profit |
0.218 |
0.168 |
|
|
|
|
|
Net Other Income |
0.450 |
0.700 |
|
|
|
|
|
PBT |
0.668 |
0.868 |
|
|
|
|
|
PBT/ NS% |
0.80 |
0.87 |
|
|
|
|
|
PAT |
0.668 |
0.868 |
|
|
|
|
|
Cash Accruals |
0.668 |
0.868 |
|
|
|
|
|
TNW |
8.681 |
9.549 |
|
|
|
|
|
TOL/ TNW |
1.84 |
1.78 |
|
|
|
|
|
NWC |
6.722 |
7.890 |
|
|
|
|
|
Current Ratio |
1.48 |
1.54 |
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
|
|
|
|
|
PBDIT/ NS % |
1.81 |
1.88 |
|
|
|
|
|
NS/TTA |
3.39 |
3.75 |
|
|
|
|
|
PBT/ TTA % |
2.71 |
3.27 |
|
|
|
|
|
Operating Costs/ NS % |
99.74 |
99.83 |
|
|
|
|
|
BF/ TCA % |
48.26 |
44.66 |
|
|
|
|
|
Investment + Rec / NS (Days) |
83.61 |
74.53 |
FUND FLOW STATEMENT
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
1. SOURCES |
|
|
|
|
|
|
|
a) Net Profit (After Tax) |
0.668 |
0.868 |
|
b) Depreciation |
-- |
-- |
|
c) Increase in Reserves |
-- |
-- |
|
d) Increase in Capital |
0.457 |
0.668 |
|
e) Increase in Term Liabilities |
0.170 |
0.500 |
|
f) Decrease in |
-- |
-- |
|
i) Fixed Assets |
-- |
-- |
|
ii) Other Non Current Assets |
1.426 |
-- |
|
g) Others |
-- |
-- |
|
h) Total |
2.718 |
2.036 |
|
|
|
|
|
2. USES |
|
|
|
|
|
|
|
a) Net Loss |
-- |
-- |
|
b) Decrease in Term Liabilities including
public deposits |
-- |
-- |
|
c) Increase in |
|
|
|
i) Fixed Assets |
0.002 |
-- |
|
ii) Other non current assets |
-- |
0.200 |
|
d) Dividend payment |
-- |
-- |
|
e) Others |
0.457 |
0.668 |
|
f) Total |
0.459 |
0.868 |
|
|
|
|
|
3. Long term surplus/ deficit |
2.259 |
1.168 |
|
|
|
|
|
4. Increase/ decrease in current Assets |
8.340 |
1.668 |
|
|
|
|
|
5. Increase / Decrease in current
liabilities other than bank borrowings |
0.581 |
0.500 |
|
|
|
|
|
6. Increase/ Decrease in Working Capital GAP |
7.759 |
1.168 |
|
|
|
|
|
7. Net Surplus (+)/ Deficit (-) |
[5.500] |
0.000 |
|
|
|
|
|
8. Increase/ Decrease in bank borrowings |
5.500 |
-- |
HOLDING LEVELS
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
Raw Materials (in months consumption) |
-- |
-- |
|
|
|
|
|
Stock in process (in months cost of
production) |
-- |
-- |
|
|
|
|
|
Finished Goods (In months cost of sales) |
1.31 |
1.22 |
|
|
|
|
|
Receivables (in months sales) |
1.46 |
1.24 |
|
|
|
|
|
Sundry Creditors (in months purchase) |
1.02 |
1.02 |
ASSESSED AS PER NAYAK
COMMITTEE METHOD
(Rs. in Millions)
|
Particulars |
31.03.2011 Current Year
Estimated |
31.03.2012 Projected |
|
Anticipated Annual Turnover |
83.700 |
99.500 |
|
|
|
|
|
Working Capital Requirements (25%) |
20.925 |
24.875 |
|
|
|
|
|
Margin (5% of Turnover) |
4.185 |
4.975 |
|
|
|
|
|
20% Margin of Industrial Output |
16.740 |
19.900 |
|
|
|
|
|
Bank Finance Recommended |
10.000 |
10.000 |
----------------------------------------------------------------------------------------------------------------------------
VALUE OF FRINGE BENEFITS IN
TERMS OF SECTION 115 WC READ WITH SECTION 115WB FOR THE ASSESMENT YEAR
2009-2010
(Rs. In Millions)
|
Section under which chargeable to Fringe Benefit Tax |
Name |
Amount of expenditure incurred or payment made |
Percentage expenditure/ Payment
being fringe benefits |
Value of fringe benefits |
|
Free or concessional ticket provided by the
employer for private journeys of this employees or their family members |
Nil |
100% |
Nil |
|
Any contribution by the employer to any
approved Superannuation fund for employees (see Note1) |
Nil |
100% |
Nil |
|
Entertainment |
Nil |
20% |
Nil |
|
Provision of Hospitality of every kind by
the employer to any person (see Note 2) |
Nil |
20% |
Nil |
|
Conference (Other than fee for participation by the employees
in any conference) (See Note 4) |
Nil |
20% |
Nil |
|
Sales promotion including publicity (see Note 5) |
Nil |
20% |
Nil |
|
Employees’ Welfare (see Note 6) |
Nil |
20% |
Nil |
|
Conveyance, (see Note 7) |
Nil |
20% |
Nil |
|
Use of hotel, boarding and lodging
facilities |
Nil |
20% |
Nil |
|
Repair, Running (including fuel), maintenance of motor cars
and the amount of depreciation thereon |
0.361 |
20% |
0.072 |
|
Repair, Running ( Including Fuel) and
maintenance of aircraft and the amount of depreciation thereon |
Nil |
20% (See Note 11) |
Nil |
|
Use of Telephone (Including mobile phone)
other than expenditure on leased telephone lines |
0.215 |
20% |
0.043 |
|
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purpose |
Nil |
20% |
Nil |
|
Festival Celebrations |
Nil |
50% |
Nil |
|
Use of health club and similar facilities |
Nil |
50% |
Nil |
|
Use of any other club facilities |
Nil |
50% |
Nil |
|
Gifts |
Nil |
50% |
Nil |
|
Scholarships |
Nil |
50% |
Nil |
|
Tour and Travel (Including foreign travel) (see Note 12) |
1.495 |
5% |
0.075 |
|
Total |
|
2.071 |
|
0.190 |
-----------------------------------------------------------------------------------------------------------------------------
SALES DETAILS FOR THE YEAR
2010-11
|
Month |
Sales (Rs. in
Millions) |
|
April |
4.846 |
|
May |
1.776 |
|
June |
1.032 |
|
July |
7.192 |
|
August |
10.011 |
|
September |
4.127 |
|
October |
12.168 |
|
November |
17.695 |
|
December |
5.736 |
|
January |
7.745 |
|
Total |
72.328 |
----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
I. GENERAL |
|
|
This valuation is undertaken based upon the
request from |
The Branch Manager, Corporation Bank Karur. |
|
|
|
|
Name of the reported owner and address |
1. Tmt K. Deepa, W / o S. Tirunavukarasu,
Ganesha Nagar, Karur— 2. 2. Tmt R. Parameswari, WI o T.M Ramalingam,
Gandhipuram, Karur — 2. 3. Tmt M.Bakiyam, W/ o P.Muthusamy, Periyar
Nagar east, Karur — 2. 4. TmtS.Usha, W/o M.Dinesh, Vengamedu, Karur
—6. |
|
|
|
|
Purpose of valuation |
To assess the present market value and
forced |
|
|
|
|
Date of valuation |
21.02.2011 |
|
|
|
|
Brief description of the property |
Vacant land with temperovary shed. |
|
|
|
|
II. DESCRIPTION OF PROPERTY |
|
|
Location of the property |
As per deed |
|
|
|
|
Plot No/ Colony name |
-- |
|
|
|
|
S.F.No. / T.S.No. / R.S.No. |
S. F. No: 1908/A1 and A2, 1870/1,2 and 3 |
|
|
|
|
Village / Block/ Panchayat |
Andan koil east village and Panchayat |
|
|
|
|
Taluki/ Ward |
Karur Taluka |
|
|
|
|
District/ Municipalty |
Karur District |
|
|
|
|
Postal Address of the property |
S.F. No. 1908/A and A2, 1870/ 1, 2 and 3,
Near Pee tee coach bus body shed, andan koil east panchayat, Karur |
|
|
|
|
Boundaries of the property : |
As per deed |
|
North |
East — west kavur |
|
South |
East — west kavur |
|
East |
Land belongs to P. Thangaraj |
|
West |
P. Thangavel land and North — south cart
path |
|
Area |
0.77 1/2 acre |
|
|
|
|
E.B. Service connection details |
|
|
S.C.No. |
S, C, No: 91 |
|
In the Name of |
M. Ramalingam and
S. Tirunavukarasu |
|
|
|
|
Property occupied by |
Own occupation |
|
|
|
|
PART A-LAND |
|
|
Extent of the land |
As per sale deed (a)- 0.77 ˝ acre As per existing (b) – 0.77 ˝ acre |
|
|
|
|
Total extent of the plot considered for
valuation |
0.77 ˝ are (or) 77.5 cents |
|
|
|
|
Characteristics of the site: |
|
|
Character of locality |
Vacant land and Commercial area |
|
|
|
|
Classification |
Middle class |
|
|
|
|
Development of the surrounding areas |
Developing area |
|
|
|
|
Is the locality subjected to frequent
flooding |
No |
|
|
|
|
Feasibility to the civic amenities like
Schools Hospitals Offices markets etc. |
Moderate distance |
|
|
|
|
Level of land with topographical conditions |
Level |
|
|
|
|
Shape of the land |
Vide key plan |
|
|
|
|
Type of use to which it can be put |
Vacant land with temperovary shed |
|
|
|
|
Vacant land with temperovary shed |
No |
|
|
|
|
Weather lease hold I free hold |
Free hold |
|
|
|
|
Is it in Town Planning approved layout? |
No |
|
|
|
|
Is it a corner plot? |
Yes |
|
|
|
|
Road facilities |
Available — Mud road |
|
|
|
|
Water Potentialities |
Available — Bore well |
|
|
|
|
Under ground sewage system |
Not available |
|
|
|
|
Commercial potential of the property |
Medium |
|
|
|
|
Any other sentimental I social issue which
may affect the value |
No |
|
|
|
|
Guide line rate of the land |
Rs . 0.212 Million / |
|
|
|
|
Guide line rate of the land |
Rs. 0.165 Million |
|
|
|
|
Prevailing Market rate |
Rs. 0.200 Million to Rs. 0.225 Million/ Cent |
|
|
|
|
Adopted rate of valuation |
Rs. 0.225 Million / Cent ( |
|
|
|
|
Estimated value of the land |
77.50 X Rs. 0.225 Million – Rs. 17.438
Millions Say Rs. 17.400 Millions |
|
|
|
|
PRESENT MARKET VALUE OF THE LAND |
RS. 17.400 MILIONS |
SURVEY NUMBERWISE GUIDELINE
VALUES
|
Survey no. |
Guideline Value (Sq.ft/ |
Guideline Value (Sq.mt. / hect) |
Catagory |
|
1908/- |
-- |
-- |
Agriculture- Government Wasteland |
|
|
|
|
|
|
1908/A-1 |
212464 |
525000 |
Dry- Refined – Class I |
|
|
|
|
|
|
1908/A2 |
212464 |
525000 |
Dry- Rainfed- Class I |
|
|
|
|
|
|
1908/B |
212464 |
525000 |
Dry- Rainfed- Class I |
SURVEY NUMBERWISE GUIDELINE
VALUES
|
Survey no. |
Guideline Value (Sq.ft/ |
Guideline Value (Sq.mt. / hect) |
Catagory |
|
1870/1 |
242816 |
600000 |
Wet- Channel Irrigation Single Crop – Class
I |
|
|
|
|
|
|
1870/2 |
242816 |
600000 |
Wet- Channel Irrigation Single Crop – Class
I |
|
|
|
|
|
|
1870/3 |
242816 |
600000 |
Wet- Channel Irrigation Single Crop – Class
I |
------------------------------------------------------------------------------------------------------------
Fixed Assets:
·
Furniture, Fittings and
Electrical Fittings
·
Plant and Machinery
·
Motor Car
·
Computers
·
Software
·
Books
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.44.90 |
|
|
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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.