MIRA
INFORM REPORT
|
Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
VISHWA DALL INDUSTRIES |
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Registered
Office : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka |
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Country : |
India |
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|
Date of
Incorporation : |
01.03.2011 |
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Com. Reg. No.: |
RCR-F46-2010-11 |
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Capital
Investment / Paid-up Capital : |
New Concern |
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PAN No.: [Permanent Account No.] |
AAIFV5095L |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business
: |
Manufacturer of Toor Dall. |
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No. of Employees
: |
12 (Office – 4 and Factory – 8) |
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 : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and the project is yet to be implemented. The
valuation report provided is of a lesser value than the proposal amount. No
further details or payment could be made available. 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Santosh Andani |
|
Designation : |
Partner |
|
Contact No.: |
91-9886639441 |
|
Date : |
05.05.2011 |
LOCATIONS
|
Registered Office : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka, India |
|
Mobile No.: |
91-9886639441 (Mr. Santosh Andani) |
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E-Mail : |
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Area : |
87190 sq. ft. |
|
Location : |
Owned |
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|
Factory : |
Plot No.20, KIADB, Raichur Growth Center, Chicksugur, Raichur, India |
PARTNERS
|
Name : |
Mr. Santosh Andani |
|
Designation : |
Partner |
|
Address : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka, India |
|
Date of Birth/Age : |
20.04.1982 |
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Qualification : |
MFA |
|
Experience : |
10 years |
|
PAN No.: |
AKVPA9624J |
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|
|
|
Name : |
Mr. Satish Andani |
|
Designation : |
Partner |
|
Address : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka, India |
|
Date of Birth/Age : |
01.01.1987 |
|
Qualification : |
B. Com |
|
Experience : |
4 years |
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|
|
|
Name : |
Mr. Vishwanath Andani |
|
Designation : |
Partner |
|
Address : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka, India |
|
Date of Birth/Age : |
01.01.1956 |
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Qualification : |
B. Com |
|
Experience : |
25 years |
|
PAN No.: |
ABTPV7726Q |
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|
Name : |
Mrs. Sujatha Andani |
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Designation : |
Partner |
|
Address : |
H. No.1-11-54/29, Prashant Colony, Raichur – 584101, Karnataka, India |
|
Date of Birth/Age : |
45 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Toor Dall. |
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|
Products : |
Toor Dall |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
12 (Office – 4 and Factory – 8) |
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Bankers : |
· Corporation Bank Mahatma Gandhi Chowk, Raichur, Karnataka, India |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Sudher Kasbe Chartered Accountant |
|
Address : |
Near Ram Mandir, Station Road, Raichur, Karnataka, India |
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Mobile No.: |
91-9342047649 |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
Note:
Sole Proprietory and Partnership concerns are exempted from filing their
financials with the Government Authorities or Registry Records.
LOCAL AGENCY FURTHER INFORMATION
PROJECTIONS OF PERFORMANCE, PROFITABILITY AND REPAYMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
|
|
|
|
|
|
Production During the year (Quantity) in
tons |
4000 |
4200 |
4410 |
4101 |
4101 |
|
|
|
|
|
|
|
|
% of utilization of installed capacity |
80% |
85% |
90% |
90% |
90% |
|
|
|
|
|
|
|
|
Sales
|
|
|
|
|
|
|
Sales including all Mis. Receipts |
62.550 |
157.626 |
165.507 |
168.817 |
172.194 |
|
|
|
|
|
|
|
|
Less: Excise |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net
Sales |
62.550 |
157.626 |
165.507 |
168.817 |
172.194 |
|
|
|
|
|
|
|
|
Cost
of Production |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Cons. |
57.380 |
143.655 |
151.338 |
154.365 |
157.852 |
|
Power and Fuel |
0.198 |
0.500 |
0.525 |
0.535 |
0.546 |
|
Direct Labour and Wages |
0.180 |
0.454 |
0.476 |
0.486 |
0.496 |
|
Consumable Stores |
0.100 |
0.252 |
0.265 |
0.270 |
0.275 |
|
Repairs and Maintenance |
0.094 |
0.236 |
0.248 |
0.253 |
0.258 |
|
Other Manufacturing expenses |
1.475 |
3.717 |
3.903 |
3.981 |
4.061 |
|
Depreciation |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
|
|
|
|
|
|
|
|
Total
Cost of Production |
60.649 |
151.111 |
158.778 |
161.672 |
165.060 |
|
|
|
|
|
|
|
|
Add: Opening Stock in Process and finished
Goods |
-- |
1.728 |
2.020 |
2.175 |
2.189 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock-in-process and
finished Goods |
1.728 |
2.020 |
2.175 |
2.189 |
2.202 |
|
|
|
|
|
|
|
|
Cost
of Sales |
58.921 |
150.819 |
158.623 |
161.658 |
165.047 |
|
|
|
|
|
|
|
|
Gross
Profit |
3.629 |
6.807 |
6.885 |
7.159 |
7.147 |
|
|
|
|
|
|
|
|
Interests on |
|
|
|
|
|
|
-
Term Loans |
1.210 |
1.453 |
1.225 |
0.997 |
0.769 |
|
-
Working Capital |
0.450 |
1.025 |
1.150 |
1.158 |
1.224 |
|
-
Other Loan if any |
0.300 |
0.450 |
0.400 |
0.350 |
0.300 |
|
-
Other Charges |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Selling general and
administrative expenses |
0.525 |
1.182 |
1.291 |
1.398 |
1.409 |
|
|
|
|
|
|
|
|
Profit before interest and
Remuneration |
1.144 |
2.697 |
2.819 |
3.256 |
3.445 |
|
|
|
|
|
|
|
|
Non-operating income |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Partners interest
and Remuneration |
0.550 |
0.850 |
0.910 |
0.795 |
0.850 |
|
|
|
|
|
|
|
|
Profit Before Tax |
0.594 |
1.847 |
1.909 |
2.461 |
2.595 |
|
|
|
|
|
|
|
|
Provision for Taxes @ 30% |
0.178 |
0.554 |
0.573 |
0.738 |
0.779 |
|
|
|
|
|
|
|
|
Net Profit |
0.416 |
1.293 |
1.336 |
1.723 |
1.817 |
|
|
|
|
|
|
|
|
Depreciation added Back |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
|
|
|
|
|
|
|
|
Partners Interests and Remuneration (Non
Cash Expenses |
0.550 |
0.850 |
0.910 |
0.795 |
0.850 |
|
|
|
|
|
|
|
|
Net Cash Accruals |
2.188 |
4.441 |
4.270 |
4.301 |
4.239 |
|
|
|
|
|
|
|
|
Repayment Obligation |
|
|
|
|
|
|
-
Towards Term Loan |
0.518 |
2.072 |
2.072 |
2.072 |
2.072 |
|
-
Towards other Loan |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Repayment |
0.518 |
2.072 |
2.072 |
2.072 |
2.072 |
|
|
|
|
|
|
|
|
Debt Services Ratio |
4.22 |
2.14 |
2.06 |
2.08 |
2.05 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTIONS
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
A.
LIABILITIES |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
Partners Capital (Net off of Drawings) |
3.000 |
9.277 |
11.128 |
11.187 |
12.366 |
12.531 |
|
|
|
|
|
|
|
|
|
Quasi Capital – Unsecured Loans |
1.500 |
3.000 |
3.000 |
2.500 |
2.500 |
2.500 |
|
|
|
|
|
|
|
|
|
Reserve and surplus |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Term Loans |
-- |
13.982 |
11.910 |
9.838 |
7.766 |
5.694 |
|
|
|
|
|
|
|
|
|
Bank Borrowings for working capital |
-- |
10.000 |
10.000 |
12.500 |
12.500 |
1.500 |
|
|
|
|
|
|
|
|
|
Other Liabilities (Current Liabilities) |
-- |
7.641 |
8.022 |
8.422 |
8.841 |
9.282 |
|
|
|
|
|
|
|
|
|
Total
Liabilities |
4.500 |
43.900 |
44.060 |
44.447 |
43.974 |
45.008 |
|
|
|
|
|
|
|
|
|
B.
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
4.000 |
22.799 |
21.577 |
19.279 |
17.256 |
15.473 |
|
|
|
|
|
|
|
|
|
Depreciation |
-- |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
|
|
|
|
|
|
|
|
|
Net Block |
4.000 |
21.577 |
19.279 |
17.256 |
15.473 |
13.900 |
|
|
|
|
|
|
|
|
|
Investment and Deposit |
0.150 |
0.500 |
0.600 |
0.700 |
0.800 |
0.800 |
|
|
|
|
|
|
|
|
|
Current Assets |
-- |
21.248 |
23.492 |
25.794 |
26.989 |
29.482 |
|
|
|
|
|
|
|
|
|
Cash and Bank Balances |
0.350 |
0.575 |
0.689 |
0.697 |
0.712 |
0.825 |
|
|
|
|
|
|
|
|
|
Total
Assets |
4.500 |
43.900 |
44.060 |
44.447 |
43.974 |
45.008 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLO STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
|
|
|
|
|
|
|
SOURCES
OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Accruals (viz Net profit before taxation to which shall be added
interests) |
-- |
2.554 |
4.775 |
4.684 |
4.966 |
4.888 |
|
|
|
|
|
|
|
|
|
Increase in Shares Capital (Net) Equity/ Preference and
Reserve |
3.000 |
5.861 |
0.559 |
(1.277) |
(0.544) |
(1.652) |
|
|
|
|
|
|
|
|
|
Depreciation |
-- |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
|
|
|
|
|
|
|
|
|
Increase in Lon Term Loan/ Deb. |
-- |
14.500 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Deferred Payment Facilities/ Current
Liabilities |
-- |
7.641 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Unsecured Loans/ Dep. |
1.500 |
1.500 |
-- |
(0.500) |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Bank Borrowing for working Capital |
-- |
10.000 |
-- |
2.500 |
-- |
2.500 |
|
|
|
|
|
|
|
|
|
Sales of Fixed Assets / investment |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Decrease in other current assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
TOTAL
SOURCES (A) |
4.500 |
43.278 |
7.631 |
7.430 |
6.205 |
7.309 |
|
|
|
|
|
|
|
|
|
DISPOSITION
OF FUND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preliminary and Pre-operative Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Capital Expenses |
4.000 |
18.799 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Other Non-current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Current Assets |
|
|
|
|
|
|
|
- Inventories |
-- |
12.608 |
1.380 |
1.352 |
0.672 |
1.395 |
|
- Others |
-- |
8.640 |
0.864 |
0.950 |
0.523 |
1.098 |
|
|
|
|
|
|
|
|
|
Decrease in Long Term Loans/ Deb. |
-- |
0.518 |
2.072 |
2.072 |
2.072 |
2.072 |
|
|
|
|
|
|
|
|
|
Decrease in Deferred Payment facilities/ Current
Liabilities |
-- |
-- |
(0.381) |
(0.400) |
(0.420) |
(0.441) |
|
|
|
|
|
|
|
|
|
Increase in Investment |
0.150 |
0.350 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
Interests |
-- |
1.960 |
2.928 |
2.775 |
2.505 |
2.293 |
|
|
|
|
|
|
|
|
|
Taxation |
-- |
0.178 |
0.554 |
0.573 |
0.738 |
0.779 |
|
|
|
|
|
|
|
|
|
Dividend |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Other Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
TOTAL
DISPOSITION (B) |
4.150 |
43.053 |
7.517 |
7.422 |
6.190 |
7.196 |
|
|
|
|
|
|
|
|
|
Opening Balance |
-- |
0.350 |
0.575 |
0.689 |
0.697 |
0.712 |
|
|
|
|
|
|
|
|
|
Net Surplus (A-B) |
0.350 |
0.225 |
0.114 |
0.008 |
0.015 |
0.113 |
|
|
|
|
|
|
|
|
|
Closing Balance |
0.350 |
0.575 |
0.689 |
0.697 |
0.712 |
0.825 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENT
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
|
|
|
|
|
|
|
A CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Raw Materials |
|
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
-- |
10.880 |
11.968 |
13.165 |
13.823 |
15.205 |
|
Months Consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
2 Other consumable spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3 Stock in process |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months cost of production |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
4 Finished goods |
-- |
1.728 |
2.020 |
2.175 |
2.189 |
2.202 |
|
Months cost of sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
5 Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
-- |
8.640 |
9.504 |
10.454 |
10.977 |
12.075 |
|
Months domestic sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 Export receivables [including bills
purchased and discounted by bankers months export sales] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
7 Advances to suppliers of raw materials and
stores / spares consumable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
8 Other current Assets including cash and
bank balances and deferred receivable due within one year |
0.350 |
0.575 |
0.689 |
0.697 |
0.712 |
0.825 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
0.350 |
21.823 |
24.181 |
26.491 |
27.701 |
30.307 |
|
|
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[Other than bank borrowing for working capital] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 Creditors for purchases of raw materials
and stores and consumable spares |
0.100 |
7.616 |
7.997 |
8.397 |
8.816 |
9.257 |
|
|
|
|
|
|
|
|
|
11 Advances from customers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12 Statutory liabilities |
-- |
0.025 |
0.025 |
0.025 |
0.025 |
0.025 |
|
|
|
|
|
|
|
|
|
13 Other current liability including short
term borrowing dividend payable, installment of DPG public deposit,
debentures etc |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
14 TOTAL |
0.100 |
7.641 |
8.022 |
8.422 |
8.841 |
9.282 |
|
|
|
|
|
|
|
|
|
Working Capital Gap |
0.250 |
14.182 |
16.159 |
18.070 |
18.860 |
21.025 |
|
|
|
|
|
|
|
|
|
Margin for Working Capital |
0.250 |
4.182 |
6.159 |
5.570 |
6.360 |
6.025 |
|
|
|
|
|
|
|
|
|
Bank Borrowings |
-- |
10.000 |
10.000 |
12.500 |
12.500 |
15.000 |
------------------------------------------------------------------------------------------------------------------------------
BREAK EVEN ANALYSIS
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
|
|
|
|
|
|
|
Sales |
62.550 |
157.626 |
165.507 |
168.817 |
172.194 |
175.638 |
|
|
|
|
|
|
|
|
|
Variable
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases |
69.988 |
145.035 |
152.690 |
155.037 |
159.247 |
161.763 |
|
Direct Expenses |
2.047 |
5.159 |
5.417 |
5.525 |
5.636 |
5.748 |
|
Interests on working Capital |
0.450 |
1.025 |
1.150 |
1.158 |
1.224 |
1.250 |
|
Increase/ Decrease in Stock |
(12.608) |
(1.380) |
(1.352) |
(0.672) |
(1.395) |
(0.359) |
|
|
|
|
|
|
|
|
|
Total
Variable Expenses |
59.877 |
149.839 |
157.904 |
161.047 |
164.711 |
168.402 |
|
|
|
|
|
|
|
|
|
Contribution |
2.673 |
7.787 |
7.603 |
7.770 |
7.483 |
7.236 |
|
|
|
|
|
|
|
|
|
Fixed
Expenses |
|
|
|
|
|
|
|
Int4erets on Term Loan and Other Loan |
1.510 |
1.903 |
1.625 |
1.347 |
1.069 |
0.841 |
|
|
|
|
|
|
|
|
|
Administrative Selling and General
expenses |
0.525 |
1.182 |
1.291 |
1.398 |
1.409 |
1.554 |
|
|
|
|
|
|
|
|
|
Depreciation |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
1.388 |
|
|
|
|
|
|
|
|
|
Total
Fixed Expenses |
3.257 |
5.382 |
4.939 |
4.528 |
4.050 |
3.783 |
|
|
|
|
|
|
|
|
|
BEP 10/6 x 100 % |
121.85 |
69.12 |
64.96 |
58.27 |
54.13 |
52.27 |
|
|
|
|
|
|
|
|
|
PV Ration 6/1 x 100 % |
4.27 |
4.94 |
4.59 |
4.60 |
4.35 |
4.12 |
|
|
|
|
|
|
|
|
|
Break even sales 10/ PV Ratio (Lakhs) |
762.20 |
1089.46 |
1075.16 |
983.73 |
932.07 |
918.14 |
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE RATIO
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
|
|
|
|
|
|
Net profit After Tax |
0.416 |
1.293 |
1.336 |
1.723 |
1.817 |
|
|
|
|
|
|
|
|
Depreciation |
1.222 |
2.298 |
2.023 |
1.783 |
1.572 |
|
|
|
|
|
|
|
|
Partners Interests and Remuneration of Non
Cash Expenses |
0.550 |
0.850 |
0.910 |
0.795 |
0.850 |
|
|
|
|
|
|
|
|
Interests on Term Loan |
1.210 |
1.453 |
1.225 |
0.997 |
0.769 |
|
|
|
|
|
|
|
|
Total Cash Accruals |
3.398 |
5.893 |
5.494 |
5.298 |
5.008 |
|
|
|
|
|
|
|
|
Repayment Obligation towards |
|
|
|
|
|
|
-
Term Loan |
0.518 |
2.072 |
2.072 |
2.072 |
2.072 |
|
-
Interests on Term Loan |
1.210 |
1.453 |
1.225 |
0.997 |
0.769 |
|
|
|
|
|
|
|
|
Debt Service Coverage Ratio |
1.97 |
1.67 |
1.67 |
1.73 |
1.76 |
|
|
|
|
|
|
|
|
Average Debt Service Coverage Ratio |
1.86 (14.84/8) |
||||
|
|
|
|
|
|
|
|
Average debt Services coverage Ratio on
summation Method |
1.81 (380.74/
210.92) |
||||
------------------------------------------------------------------------------------------------------------------------------
MR. SANTOSH ANDANI
COMPUTATION OF TOTAL INCOME
(RS.
IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
Income from
Business or Profession |
|
0.197 |
|
|
|
|
|
Income as per income |
0.197 |
|
|
|
|
|
|
Total |
0.197 |
|
|
|
|
|
|
Gross Total
Income |
|
0.197 |
|
|
|
|
|
Total Income |
|
0.197 |
|
|
|
|
|
Rounded Off u/s 288 A |
|
0.197 |
|
|
|
|
|
Agriculture
Income |
|
0.243 |
|
|
|
|
|
Gross Tax Payable |
0.042 |
|
|
Rebate Agriculture Income |
0.035 |
|
|
Tax Due |
0.007 |
|
|
Educational Cess |
0.000 |
|
|
|
0.008 |
|
|
Interests U/s 140 A |
0.000 |
|
|
|
0.008 |
|
|
Deposit U/s 140 A |
0.008 |
|
|
|
|
|
|
Tax Payable |
0.000 |
|
CAPITAL ACCOUNTS
(RS.
IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings |
0.068 |
By Opening Balance |
1.319 |
|
To Crop Loan Int. and Insurance |
0.008 |
By Agricultural Income |
0.243 |
|
To Balance C/f to N/Y A/c |
1.890 |
By Gift from Father Mr. V. Andani |
0.208 |
|
|
|
By Net Income |
0.196 |
|
|
|
|
|
|
Total |
1.966 |
Total |
1.966 |
BALANCE SHEET
(RS.
IN MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.890 |
1.319 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.890 |
1.319 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.308 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.308 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.198 |
1.319 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.958 |
0.958 |
|
|
Capital work-in-progress0 |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
1.033 |
0.361 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.207 |
0.000 |
|
Total
Current Assets |
|
1.240 |
0.361 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.000 |
0.000 |
|
|
Net Current Assets |
|
1.240 |
0.361 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.198 |
1.319 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Fine Art Fee |
|
0.290 |
0.216 |
|
|
|
SB Interests |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.290 |
0.216 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Bank Commission |
|
0.001 |
0.001 |
|
|
|
Miscellaneous Expenses |
|
0.010 |
0.008 |
|
|
|
Mobile and Telephone |
|
0.009 |
0.007 |
|
|
|
Banners and Boards |
|
0.028 |
0.022 |
|
|
|
Paints and Chemicals |
|
0.018 |
0.012 |
|
|
|
Stationeries |
|
0.012 |
0.008 |
|
|
|
Raveling Expenses |
|
0.015 |
0.009 |
|
|
|
TOTAL |
|
0.093 |
0.067 |
|
|
|
|
|
|
|
|
|
NET INCOME |
|
0.197 |
0.149 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. VISHWANATH B. ANDANI
COMPUTATION OF TOTAL INCOME
(RS.
IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
Income from
Salary |
|
0.552 |
|
|
|
|
|
RAGHAVENDRA PRESTRESS PRODUCTS PRIVATE LIMITED |
|
|
|
AMARCHAND SHARMA COMPLEX SECUNDERABAD ANDHRA PRADESH |
|
|
|
Salary |
0.554 |
|
|
Transport Allowance Received |
0.010 |
|
|
|
0.564 |
|
|
Less: |
|
|
|
Transport Allowance exempt |
0.010 |
|
|
|
0.554 |
|
|
|
|
|
|
Professional Tax U/s 16 (iii) |
0.002 |
|
|
|
0.552 |
|
|
|
|
|
|
Income From
House property |
|
(0.019) |
|
|
|
|
|
Annual Lettable Value – 0.000 |
|
|
|
Rent Receivable – 0.021 |
|
|
|
Higher of Above |
0.021 |
|
|
Annual rental Value u/s 23 |
0.021 |
|
|
|
|
|
|
Less: |
|
|
|
House Tax Paid |
0.006 |
|
|
|
|
|
|
Less: |
|
|
|
Deduction u/s 24 (a) |
0.006 |
|
|
|
0.011 |
|
|
Self Occupied Property |
|
|
|
Interests u/s 24 (b) (29971) |
(0.030) |
|
|
|
(0.019) |
|
|
|
|
|
|
Income From
Other Sources |
|
0.001 |
|
|
|
|
|
Interests from Bank |
0.001 |
|
|
|
|
|
|
Gross Total
Income |
|
0.534 |
|
|
|
|
|
Less: Deductions |
|
|
|
u/s 80 C |
|
|
|
LIP |
0.059 |
|
|
PF |
0.057 |
|
|
Total |
0.116 |
|
|
|
|
0.100 |
|
|
|
|
|
Total Income |
|
0.434 |
|
|
|
|
|
Rounded Off u/s 288 A |
|
0.434 |
|
|
|
|
|
Agriculture
Income |
|
0.165 |
|
|
|
|
|
Income Exempt u/s 10 |
|
0.010 |
|
|
|
|
|
Gross Tax Payable |
0.084 |
|
|
Rebate Agriculture Income |
0.019 |
|
|
Tax Due |
0.065 |
|
|
Educational Cess |
0.002 |
|
|
|
0.067 |
|
|
TDS |
0.046 |
|
|
|
0.021 |
|
|
Interests U/s 234 A/B/C |
0.002 |
|
|
Rounded off 288 B |
0.023 |
|
|
Deposit U/s 140 A |
0.023 |
|
|
|
|
|
|
Tax Payable |
0.000 |
|
CAPITAL ACCOUNTS
(RS.
IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings |
0.166 |
By Opening Balance |
3.531 |
|
To Paid to Santosh |
0.208 |
By Agricultural Income |
0.165 |
|
To Municipal Tax |
0.005 |
By Net Income |
0.563 |
|
To LIC |
0.028 |
|
|
|
To Bajaj Allianz LIC |
0.012 |
|
|
|
To HDFC SLIC |
0.013 |
|
|
|
To OI Co |
0.001 |
|
|
|
To Max New Yark LIC |
0.030 |
|
|
|
To Reliance LIC |
0.020 |
|
|
|
To Provided Fund |
0.057 |
|
|
|
To TDS |
0.046 |
|
|
|
To Housing Loan Interests |
0.030 |
|
|
|
To Income Tax |
0.026 |
|
|
|
To Loss on Sale of Tractor |
0.098 |
|
|
|
To Balance C/f to N/ Y |
3.519 |
|
|
|
|
|
|
|
|
Total |
4.259 |
Total |
4.259 |
BALANCE SHEET
(RS.
IN MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.519 |
3.531 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.519 |
3.531 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.805 |
1.162 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.805 |
1.162 |
|
|
|
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.324 |
4.693 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
3.653 |
4.100 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.220 |
0.220 |
|
|
Cash & Bank Balances |
|
0.570 |
0.475 |
|
|
Other Current Assets |
|
0.081 |
0.081 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
0.871 |
0.776 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.200 |
0.183 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.200 |
0.183 |
|
|
Net Current Assets |
|
0.671 |
0.593 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.324 |
4.693 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
House Rent Received |
|
0.021 |
0.021 |
|
|
|
SB Interests |
|
0.001 |
0.002 |
|
|
|
Salary Income |
|
0.564 |
0.517 |
|
|
|
TOTAL |
|
0.586 |
0.540 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Bank Charge and Commission |
|
0.001 |
0.001 |
|
|
|
Interests on Bank Loan |
|
0.020 |
0.028 |
|
|
|
Professional Tax |
|
0.002 |
0.002 |
|
|
|
Crop Insurance |
|
0.000 |
0.008 |
|
|
|
TOTAL |
|
0.023 |
0.039 |
|
|
|
|
|
|
|
|
|
NET INCOME |
|
0.563 |
0.501 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
SANTOSH V. ANDANI
(RS.
IN MILLIONS)
ASSETS
DEPOSITS
HELD WITH COMPANIES/ OTHERS
|
Name of the Company |
Amount of Deposit |
|
|
|
|
KHB Blore |
0.207 |
|
|
|
|
Total |
0.207 |
IMMOVABLE
PROPERTIES
|
Name of the Owner |
Description of Property |
Location/ address of Property |
Type of Property |
Details of Documents conferring right |
Original Purchases Cost (Rs. In Millions) |
Present Market Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Mr. Santosh
Andani |
Agricultural
Land |
Sy. No. 72/1
(14A) at Kiranagi |
Agricultural |
Deed |
0.479 |
0.900 |
|
Mr. Santosh Andani |
Agricultural Land |
Sy. No. 72/1
(13A-38G) at Kiranagi |
Agricultural |
Deed |
0.479 |
0.900 |
|
Mr. Santosh Andani |
Agricultural Land |
Sy. No. 25 2A
1.22 Acre at Mitttimalkapur |
Agricultural |
Deed |
0.109 |
0.300 |
|
|
|
|
|
|
|
|
|
Total |
1.067 |
2.100 |
||||
GOVERNMENT
SECURITIES/ NATIONAL SAVING CERTIFICATES/ SHARES OF LISTED COMPANIES/ UNITS OF
UTI ETC.
|
Shares and Other
Securities |
0.020 |
|
|
|
|
Total |
0.020 |
OTHER
ASSETS
(INCLUDING
MOVABLE ASSETS LIKE FURNITURE AND FIXTURES/ PLANT AND MACHINERY / VEHICLES/
JEWELS ETC.)
|
Nature/ Details of Assets |
Market Value of Assets |
Details of Encumbrances |
|
|
|
|
|
Jewellary |
0.300 |
0.300 |
|
Cash |
-- |
1.000 |
|
|
|
|
|
Total |
0.300 |
1.300 |
|
TOTAL ASSETS |
RS.3.627 MILLIONS |
LIABILITIES
CREDIT
LIMITS/ FACILITIES WITH FINANCIAL INSTITUTION AND BANKS
|
Name of the Institution/ Bank |
Nature of Credit Facility |
Extent (Rs. In
Millions) |
|
|
|
|
|
Vijay Bank |
Agricultural
Loan |
0.308 |
|
|
|
|
|
TOTAL LIABILITIES |
RS.0.308 MILLION |
|
NET WORTH |
RS.3.319 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
VISHWANATH ANDANI
(RS.
IN MILLIONS)
ASSETS
DEPOSITS
HELD WITH COMPANIES/ OTHERS
|
Name of the Company |
Amount of Deposit |
|
|
|
|
Gold Stone
Crushing Company |
0.220 |
|
Others |
0.080 |
|
|
|
|
Total |
0.300 |
LIFE
INSURANCE POLICIES
|
Policy No. |
Whether Endowment policy or whole life policy |
Annual Premium (Rs. In Millions) |
Sum Assured (Rs. In Millions) |
Surrender Value (Rs. In Millions) |
|
|
|
|
|
|
|
LIC Policies |
Endowment |
0.060 |
1.500 |
0.300 |
|
|
|
|
|
|
IMMOVABLE
PROPERTIES
|
Name of the Owner |
Description of Property |
Location/ address of Property |
Type of Property |
Details of Documents conferring right |
Original Purchases Cost (Rs. In Millions) |
Present Market Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Mr. Vishwanath Andani
|
House Building |
House Building
at Prashant Nagar, Raichur, |
Residential |
Deed |
1.805 |
4.500 |
|
Mr. Vishwanath Andani |
Open Plot |
At Ibrahim Patna
Hyderabad Plot No.477 |
Residential |
Deed |
0.014 |
0.600 |
|
Mr. Vishwanath Andani |
Open Plot |
At Mankar Layout
Jeweragi Road, Gulbarga |
Residential |
Deed |
0.201 |
2.500 |
|
Mr. Vishwanath Andani |
Agricultural Land |
At Kiranii Dt.
Gulbarga |
Agricultural |
Deed |
0.476 |
0.900 |
|
|
|
|
|
|
|
|
|
Total |
2.496 |
8.500 |
||||
OTHER
ASSETS
(INCLUDING
MOVABLE ASSETS LIKE FURNITURE AND FIXTURES/ PLANT AND MACHINERY/ VEHICLES/
JEWELS ETC.)
|
Nature/ Details of Assets |
Market Value of Assets |
Details of Encumbrances |
|
|
|
|
|
Jewellary |
0.250 |
0.250 |
|
Cash and Bank
Balance |
-- |
0.500 |
|
Car |
-- |
0.678 |
|
|
|
|
|
Total |
0.250 |
1.428 |
|
TOTAL ASSETS |
RS.9.350 MILLIONS |
LIABILITIES
CREDIT
LIMITS/ FACILITIES WITH FINANCIAL INSTITUTION AND BANKS
|
Name of the Institution/ Bank |
Nature of Credit Facility |
Extent (Rs. In
Millions) |
|
|
|
|
|
Vijay Bank |
Mortgage Loan |
0.300 |
|
Vijay Bank |
Agricultural
Loan |
0.320 |
|
Sundaram Finance
|
Car Loan |
0.100 |
|
|
|
|
|
Total |
|
0.720 |
|
TOTAL LIABILITIES |
RS.0.720 MILLION |
|
NET WORTH |
RS.8.630 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MRS.
SUJATHA ANDANI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Name of the Owner |
Description of Property |
Location/ address of Property |
Type of Property |
Details of Documents conferring right |
Original Purchases Cost (Rs. In Millions) |
Present Market Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Mrs. Sujatha
Andani |
Open Plot |
at GDA Kotnoor
Gulbarga |
Residential |
Deed |
0.062 |
1.500 |
|
|
|
|
|
|
|
|
|
Total |
0.062 |
1.500 |
||||
GOVERNMENT
SECURITIES/ NATIONAL SAVING CERTIFICATES/ SHARES OF LISTED COMPANIES/ UNITS OF UTI
ETC.
|
Shares and ULIP |
0.015 |
|
|
|
|
Total |
0.015 |
OTHER
ASSETS
(INCLUDING
MOVABLE ASSETS LIKE FURNITURE AND FIXTURES/ PLANT AND MACHINERY / VEHICLES/
JEWELS ETC.)
|
Nature/ Details of Assets |
Market Value of Assets |
Details of Encumbrances |
|
|
|
|
|
Jewellary |
0.500 |
0.500 |
|
Cash |
0.200 |
0.200 |
|
|
|
|
|
Total |
0.700 |
0.700 |
|
TOTAL ASSETS |
RS.2.215 MILLIONS |
|
NET WORTH |
RS.2.215 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
SATISH ANDANI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Name of the Owner |
Description of Property |
Location/ address of Property |
Type of Property |
Details of Documents conferring right |
Original Purchases Cost (Rs. In Millions) |
Present Market Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Mr. Satish
Andani |
Open Plot |
Plot No.152,
Rajiv Gandhi auto Nagar, Raichur |
Residential |
Deed |
0.200 |
1.000 |
|
Mr. Satish
Andani |
Agricultural |
Sy. No. 25 2A
Mitti Malkapur |
Agricultural |
Deed |
0.014 |
0.300 |
|
|
|
|
|
|
|
|
|
Total |
0.214 |
1.300 |
||||
GOVERNMENT
SECURITIES/ NATIONAL SAVING CERTIFICATES/ SHARES OF LISTED COMPANIES/ UNITS OF
UTI ETC.
|
Shares and MF
ULIP |
0.025 |
|
|
|
|
Total |
0.025 |
OTHER
ASSETS
(INCLUDING
MOVABLE ASSETS LIKE FURNITURE AND FIXTURES/ PLANT AND MACHINERY/ VEHICLES/
JEWELS ETC.)
|
Nature/ Details of Assets |
Market Value of Assets |
Details of Encumbrances |
|
|
|
|
|
Jewellary |
0.300 |
0.300 |
|
Cash |
0.300 |
0.300 |
|
|
|
|
|
Total |
0.600 |
0.600 |
|
TOTAL ASSETS |
RS.1.925 MILLIONS |
|
NET WORTH |
RS.1.925 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY
VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party / Purchaser and Address |
Mr. Vishwanath S/o Mr. Bagavanth Rao Andani |
||||||||
|
|
|
||||||||
|
Name/s of the Reported Owner / Name/s of Persons in whose Name/s the Property Registered and Address |
Mr. Vishwanath S/o Bagavanth Rao Andani Plot No: 29, Mpcl No: 1-11-54/29, Situated at, Prashanth Co-operative Housing Society Limited, Raichur |
||||||||
|
|
|
||||||||
|
Purpose of Valuation |
Bank Security |
||||||||
|
|
|
||||||||
|
List of Documents Produced for perusal |
Vide Regd Sale Deed No :793/1996-97 Dated :11-07-1996 |
||||||||
|
|
|
||||||||
|
Date of Inspection |
16-03-2011 |
||||||||
|
|
|
||||||||
|
Date of Valuation |
18-03-2011 |
||||||||
|
|
|
||||||||
|
Approximate distance from the Branch to
the Property |
-- |
||||||||
|
|
|
||||||||
|
Situation/ Location / brief description of the land/site and brief
description of the building |
Residential Ground, First and Plot Area : 40’ x 60’ = 2400 Sq ft GE : 1328 Sq ft, FE 1 1328 Sq ft and SF : 968.61 Sq ft |
||||||||
|
|
|
||||||||
|
Boundaries of the property |
|
||||||||
|
|
|
||||||||
|
Property Tax Details |
Rs.1180/-, Dt 12-05-2007 for the Year 2007-08 |
||||||||
|
|
|
||||||||
|
Assuming the entire property is Let Out, the Probable Monthly Rent and
Advance building rent |
Rs.22,000/- per Month |
||||||||
|
|
|
||||||||
|
Whether the building plan has been approved? ·
If Yes, Dated of Approval, approving authority, and
whether the building has been constructed as per the approved plan If no, the reason for
non-approval |
Yes April —1997 No |
||||||||
|
|
|
||||||||
|
VALUATION
DETAILS A] LAND |
|||||||||
|
The total Area (Extent) of the Site / Land |
Plot Area 40’ x 60’ = 2400 Sq ft |
||||||||
|
|
|
||||||||
|
Description of
the Site / Land |
|
||||||||
|
Character of the Locality |
Middle |
||||||||
|
|
|
||||||||
|
Classification |
Residential |
||||||||
|
|
|
||||||||
|
Development of surrounding Areas |
Developed |
||||||||
|
|
|
||||||||
|
Is the locality subjected to frequent flooding |
No |
||||||||
|
|
|
||||||||
|
Feasibility to the Civic Amenities like School, Hospital, Offices
Markets, Etc., |
Near by |
||||||||
|
|
|
||||||||
|
Shape of the Land |
Rectangle |
||||||||
|
|
|
||||||||
|
Type of use to which it can be put |
Residential |
||||||||
|
|
|
||||||||
|
Any other restriction of usage |
No |
||||||||
|
|
|
||||||||
|
Nature of right whether Leasehold /Freehold |
Free Hold |
||||||||
|
|
|
||||||||
|
Road Facility |
Available |
||||||||
|
|
|
||||||||
|
Is it a corner plot |
No |
||||||||
|
|
|
||||||||
|
Water supply / Potentiality |
Available |
||||||||
|
|
|
||||||||
|
Underground sewerage system |
Not Available |
||||||||
|
|
|
||||||||
|
Any other sentimental / Social issue which may affect the value |
-- |
||||||||
|
|
|
||||||||
|
Prevailing Unit Market Rate |
Rs.800/- per Sq. ft. |
||||||||
|
|
|
||||||||
|
Unit Rate Adopted in this Valuation |
Rs. 600/- per sq. ft. |
||||||||
|
|
|
||||||||
|
Valuation of the Site / Land |
Rs.1.440 Millions |
||||||||
|
|
|
||||||||
|
B] BUILDING |
|||||||||
|
Type of Construction |
RCC Framed |
||||||||
|
|
|
||||||||
|
Quality of Construction |
Good |
||||||||
|
|
|
||||||||
|
Appearance of the building |
Good |
||||||||
|
|
|
||||||||
|
Number of Floors |
GF, FF and SF |
||||||||
|
|
|
||||||||
|
Maintenance of the Building |
Good |
||||||||
|
|
|
||||||||
|
Description of the Building |
Residential |
||||||||
|
|
|
||||||||
|
Foundation |
SSM |
||||||||
|
|
|
||||||||
|
Superstructure |
BBM |
||||||||
|
|
|
||||||||
|
Roof |
RCC Roof |
||||||||
|
|
|
||||||||
|
Doors |
Teak Wood |
||||||||
|
|
|
||||||||
|
Windows - |
Teak Wood |
||||||||
|
|
|
||||||||
|
Sanitary Fittings |
Class “B” |
||||||||
|
|
|
||||||||
|
Flooring |
Marble Flooring and Polished Shahabad |
||||||||
|
|
|
||||||||
|
Electricity Fittings |
Class “B” |
||||||||
|
|
|
||||||||
|
Total Plinth Area |
GF: 1328 Sq ft, FF :1328 Sq. ft. and SF: 968.61 Sq ft |
||||||||
|
|
|
||||||||
|
Year of Construction |
1998 |
||||||||
|
|
|
||||||||
|
Total Life of the building estimated |
Another 50 Years |
||||||||
|
|
|
||||||||
|
Replacement cost of construction with the existing conditions and
specification |
-- |
||||||||
|
Particulars of Items |
Plinth Area in Sq. ft. |
Estimated Replacement Rate |
Replacement Cost (Rs In Millions) |
Deprecation |
Deprecation (in Rs) |
Net Value (Rs. in Millions) |
|
|
|
|
|
|
|
|
|
GF |
1328 |
1200/- |
1.594 |
0.12248 |
0.195 |
1.398 |
|
SF |
1328 |
1050/- |
1.394 |
0.12248 |
0.171 |
1.224 |
|
SF |
968.61 |
1200/- |
1.162 |
0.12248 |
0.142 |
1.020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.642 |
|
Other Amenities |
Compound Wall @ LS Rs.0.100 Million Wood works @ LS Rs.0.100 Million Bore Well @ LS Rs.0.025 Million Total = Rs.0.225
Million |
|
|
|
|
Total Valuation |
|
|
|
|
|
Valuation of the Land |
Rs.1.440 Millions |
|
Valuation of the Building |
Rs.3.642 Millions |
|
Valuation of the Other Amenities |
Rs.0.225 Million |
|
|
|
|
Total |
Rs.5.307
Millions |
Distress Value of
the Property – Rs.3.710 Millions
------------------------------------------------------------------------------------------------------------
|
Name of the Party / Purchaser and Address |
Vishwa Dall Industries |
||||||||
|
|
|
||||||||
|
Name/s of the Reported Owner / Name/s of Persons in whose Name/s the Property Registered and Address |
M/s. Vishwa Dall Industries Represented by Partner: Mr. Santosh S/o Mr. Vishwanth Andani Plot No. 20 in Sy No: 73 Situated at: Raichur Growth Centre, Industrial Area, |
||||||||
|
|
|
||||||||
|
Purpose of Valuation |
Bank Security |
||||||||
|
|
|
||||||||
|
List of Documents Produced for perusal |
Vide Regd Lease Cum |
||||||||
|
|
|
||||||||
|
Date of Inspection |
16-03-2011 |
||||||||
|
|
|
||||||||
|
Date of Valuation |
18-03-2011 |
||||||||
|
|
|
||||||||
|
Approximate distance from the Branch to
the Property |
-- |
||||||||
|
|
|
||||||||
|
Situation/ Location / brief description of the land/site and brief
description of the building |
Plot Area: 135 Mtrs x 60 Mtrs = 8100 Sq. mtrs. i.e. 87190.52 sq. ft, 2 acres |
||||||||
|
|
|
||||||||
|
Boundaries of the property |
|
||||||||
|
|
|
||||||||
|
VALUATION
DETAILS A] LAND |
|||||||||
|
The total Area (Extent) of the Site / Land |
Plot Area: 135 Mtrs x 60 Mtrs = 8100 Sq. mtrs. i.e. 87190.52 sq. ft, 2 acres |
||||||||
|
|
|
||||||||
|
Description of
the Site / Land |
|
||||||||
|
Character of the Locality |
Middle |
||||||||
|
|
|
||||||||
|
Classification |
Industrial |
||||||||
|
|
|
||||||||
|
Development of surrounding Areas |
Developed |
||||||||
|
|
|
||||||||
|
Is the locality subjected to frequent flooding |
No |
||||||||
|
|
|
||||||||
|
Feasibility to the Civic Amenities like School, Hospital, Offices
Markets, Etc., |
Away |
||||||||
|
|
|
||||||||
|
Shape of the Land |
Rectangle |
||||||||
|
|
|
||||||||
|
Type of use to which it can be put |
Industrial |
||||||||
|
|
|
||||||||
|
Any other restriction of usage |
No |
||||||||
|
|
|
||||||||
|
Nature of right whether Leasehold /Freehold |
Lease Hold |
||||||||
|
|
|
||||||||
|
Road Facility |
Available |
||||||||
|
|
|
||||||||
|
Is it a corner plot |
No |
||||||||
|
|
|
||||||||
|
Water supply / Potentiality |
Available |
||||||||
|
|
|
||||||||
|
Underground sewerage system |
Not Available |
||||||||
|
|
|
||||||||
|
Any other sentimental / Social issue which may affect the value |
-- |
||||||||
|
|
|
||||||||
|
Prevailing Unit Market Rate |
Rs.12,00,000/- per |
||||||||
|
|
|
||||||||
|
Unit Rate Adopted in this Valuation |
Rs. 9,75,000/- /- per |
||||||||
|
|
|
||||||||
|
Valuation of the Site / Land |
Rs.1.950 Millions |
||||||||
|
Other Amenities |
Compound Wall @ LS Rs.0.100 Million Wood works @ LS Rs.0.100 Million Bore Well @ LS Rs.0.025 Million Total = Rs.0.225
Million |
|
|
|
|
Total Valuation |
|
|
|
|
|
Valuation of the Land |
Rs.1.950 Millions |
|
Valuation of the Building |
-- |
|
Valuation of the Other Amenities |
-- |
|
|
|
|
Total |
Rs.1.950
Millions |
Distress Value of
the Property – Rs.1.365 Millions
------------------------------------------------------------------------------------------------------------
PROJECT REPORT
PROJECT
AT A GLANCE
|
Name of the unit |
M/s Vishwa Dall industries |
||||||||||
|
|
|
||||||||||
|
Address of the unit |
Sy No: 73, Plot No:20 Raichur Growth Centre Raichur- 584101 |
||||||||||
|
|
|
||||||||||
|
Address for correspondence |
M/s Vishwa Dall Industries No:1-1 1-54/29, Anugraha Prashanth Colony, Raichur- 584101 |
||||||||||
|
|
|
||||||||||
|
Constitution |
Partnership Firm |
||||||||||
|
|
|
||||||||||
|
Name of Promoters |
1. Santosh Vishwanath Andani 2. Satish Kumar 3. Vishwanath Andani 4. Sujatha Andani |
||||||||||
|
|
|
||||||||||
|
Size of industries |
Small scale industry/ MSME |
||||||||||
|
|
|
||||||||||
|
Line of activity |
Manufacturing of Toor Dall and other Dall |
||||||||||
|
|
|
||||||||||
|
Cost of the Project |
Rs.26.431 Millions |
||||||||||
|
|
|
||||||||||
|
Means of Finance |
|
||||||||||
|
|
|
||||||||||
|
Debt Equity Ratio |
1.75: 1 (145.00/ 82.90) |
||||||||||
|
|
|
||||||||||
|
Repayment Schedule |
7 years |
||||||||||
|
|
|
||||||||||
|
Power Requirement |
150 KVA |
||||||||||
|
|
|
||||||||||
|
Employment Potential |
20 |
||||||||||
|
|
|
||||||||||
|
Debt Service coverage Ratio (Average) |
1.86 Average |
||||||||||
|
|
|
||||||||||
|
Break Even Point (Average) |
50% Average |
INTRODUCTION
This Project envisages to put up a industry in SSI/ MSME Sector for the manufacture
of Dall and Dall products under the name and style of “M/s Vishwa Dall
Industries” interests to locate at Sy No: 73, Plot No: 2, Raichur Growth Centre
Raichur-584102.
Santosh Vishwanath Andani, Satish Kumar, Vishwanath Andani and Sujatha
Andani are the partners and they are well educated and they are hails from
business community and having sound experience and knowledge in production,
management and marketing. With highly financial background would like to put up
Dall Industries of Processing Capacity of 20 Tonns per day with latest modern
machineries.
Mr. Vishwanath B Andani is from Agriculture family and he had acres of
fertile land where he grows tonns of Toor Dall. He is good working and got a
good experience in Dall Mills at Gulbarga. He was worked as a Manager in
Raghavendra Pre-Stress Product wherein supply of PCS Sleepers to Central
Railway He had a good network with Companies in various places. He had good
knowledge in marketing.
Mr. Santosh V. Andani is fine art graduate, and worked in an advertising
agencies for the last 10 years. He also worked in marketing and product
branding for many national and international companies. He had good knowledge
of marketing and branding the products in competitive and contemporary market.
He had sound knowledge about food industries i.e Dall industries and its
production and marketing.
Mr. Satish V Andani is graduate and he is running Stone Crushing plant
successfully from last 5 years and he got good experience in the field of industry
and labour management He has got good relationship with the surrounding
villages.
Mrs. Sujatha Andani is a housewife and she has got good knowledge in the
field of administration and management.
Dall is a consumable food grain which is being consumed by more than 70%
of the total population and day by day the majority of Dall eaters increasing
considerably. Pulses are rich sources of proteins containing 18.25% of
proteins. Toor Dall is one which contains proteins in addition it provide B
Vitamin and Minerals, It is dietary habits prevailing in the country.
Present market demand for the Toor DalI, availability of Toor from
surrounding area, tempted us to go for an own Dall mill. All Partners and their
family members having experience in the food grains business from so many years
and they have sufficient knowledge in this field.
The place Raichur is located on the bay of Tungabhadra River and a area
selected is having all infrastructure facilities, for development of rice
industry, since the place is connected with good transportation both road as
well as rail mode, and having sufficient power arrangements etc.,
SIZE OF INDUSTRY
AND LINCENCE / APPROVALS:
The Proposed unit is a small scale industry. Land required for the unit
is acquired by the firm from KIADB and on which building will be constructed.
The proposed unit is eligible for subsidy from state Govt to the extent of 15%
of cost of project. Since the unit is situated at Industrial Area, there is no
difficulty to obtain the licences and permissions. This industry will not cause
any water/air pollution and hence no licence/ clearance required from the
concerned department.
MANUFACTURING
PROCESS:
The process is simple and automatic. The Toor is fed to cleaner where
Toor is cleaned by seive and removing sand, stones, straw, seeds etc, then
passes for conditioning technique of heat treatment and moisture adjustment of
the cleaned size graded grains in the specially designed unit looses the husk
while making it triable and brittle and kernal becomes hard. This is a
continuous operation replacing the sun drying steps and carried out indoors.
The loosened husk is removed by machine to suit the nature milling
characteristics of the pulses. De husked whole pulses obtained from the
dehusked and cleaned whole grains are then split under appropriate conditions
using Nylon Splitter. The polishes process starts and collected bags. The husk
will be stored in husk palce by the husk blower. Apart from the above, the mill
also use colour sorters and length graders.
INFRASTRUCTURE
FACILITIES
1] Land
The land is acquired by the firm for 2 acres of Sy No: 73 and Plot No:20
at Raichur Growth Centre Raichur and the which is connected to main Road.
2] Building
On the afore said land, the building will be constructed for plant and
machinery, Drying Yard Husk Yard office, Godown and work room etc.
3] Plant and
Machinery
Main Machinery is 20 tonn/day Capacity, Dall Mill Plant consisting of 20
tonn DalI Cleaner, DalI husker with Aspirator, Dall Seperator, Modified Rubber
Sheller, Modified Silky Polisher consisting of Primary Polisher and Final
Polisher, Bran Separation equipment aspirator cum Sieve, Elevator, Pipelines
structural frame works, machine hoopers, Dall feed hoopers, Dall V-pullers,
V-belts etc., Electrical Motors. All above will be proposed to buy from reputed
companies.
4] Raw Materials
The main raw material required by the unit is Toor Dall. The crop in and
surrounding area is also Toor under the canal Ayakat. Hence, there will not be
any problem in procuring the Toor for the unit. There are number of farmers in
the said area, hence it is anticipated that the proposed Unit can get
sufficient Toor from locally and surrounding villages for milling of Toor.
5] Essential
Services
Power:
The total power requirement for the unit will be 150 KVA of connected
load. KEB has agreed to supply the power to be extent of 150 KVA and same will
be sanctioned.
Water:
The water requirement of the unit is only for domestic purpose and the
same an be met from the borewell with in the premises of the proposed Unit and
it is reported that there is good water available at the site.
Labour:
The Unit requires 5 skilled workers, 10 Unskilled workers, 12 casual
workers, 2 supervisors and 1 executive as staff. The required labour services
are locally available and can easily procured at moderate rates.
Effluents:
No effluents are generated from the process.
Technical
Personal:
No technical personal are required
Transportation:
The
Marketing:
The finished product is Dall which staple food for all sections of
people in the country particularly in the southern states. The by-products
Churl and husk etc. which will be raw materials for Power generation plants and
also used as a cattle and poultry feed. The major crop of the surrounding is
paddy Toor Etc Hence Unit can get sufficient Toor from farmers arid traders to
manufacture and to market the Toor Dall.
------------------------------------------------------------------------------------------------------------------------------
PROJECT
COST AND MEANS OF FINANCE FOR TERM LOAN
|
Project Cost |
(Rs. In Millions) |
|
|
|
|
Land and Land Development Cost |
1.578 |
|
Civil Construction incl. Structure |
14.680 |
|
Cost of Plant and Machinery |
6.441 |
|
Other Fixed Assets |
0.100 |
|
|
|
|
Total |
22.799 |
|
|
|
|
Means of finance |
(Rs. In Millions) |
|
|
|
|
Term Loan from Bank |
14.500 |
|
Partners Contributions |
8.299 |
|
|
|
|
Total |
22.799 |
PROJECT
COST AND MEANS OF FINANCE FOR WORKING CAPITAL LOAN
|
Project Cost |
(Rs. In Millions) |
|
|
|
|
Net Working Capital |
|
|
Current Assets |
21.248 |
|
Less: Current Liabilities |
7.616 |
|
|
|
|
Total |
13.632 |
|
|
|
|
Means of finance |
(Rs. In Millions) |
|
|
|
|
Working Capital Loan from Bank (CC) |
10.000 |
|
Partners Contributions |
3.632 |
|
|
|
|
Total |
13.632 |
------------------------------------------------------------------------------------------------------------------------------
ASSUMPTIONS MADE
IN PROFITABILITY AND CASH FLOW STATEMENT
·
The proposed unit will run and get Jobworks for 250
days in a year.
·
The operating capacity of the unit is assumed at
80%, 85%, 90%, 90% and 95% in First, Second, Third, Fourth and Fifth year
respectively.
·
Wages for unskilled worker or casual workers are
calculated for 250 days.
·
The Rate of Interest on Term loan and working
capital loan is assumed @11%. The term loan will be repaid in 28 quarterly
equal installments. The Repayment period of term loan is taken as 7 years and
gestation period is taken for 9 months.
·
The depreciation on Building and Plant and
Machinery is calculated on written down value method and the rate of
depreciation is as per Income tax Act.
·
The provision for taxation is calculated based on
income tax tates applicable to individuals for the assessment year 2011-12.
------------------------------------------------------------------------------------------------------------------------------
ECONOMIC
FEASIBILITY AND FINANCIAL RATIO
|
Debt/ Equity Ratio |
2.56: 1.00 (Average) |
|
|
|
|
Promoters contribution |
30% |
|
|
|
|
Bank even point (Average) |
50% (average) |
|
|
|
|
Debt service
coverage Ratio |
The average debt service coverage ratio works out 1.86 times as shown out to which is satisfactory. |
|
|
|
|
Cash flow Statement |
Cash flow Statement for the Seven years have been worked out in years
have it can be seen that the proposed unit eares adequate cash to repay the
installment and interest amount. |
|
|
|
|
Repayment Schedule |
The term loan will be repaid on 7 years divided into 28 quarterly
equal installments of Rs.0.518 Million. Repayment schedule shown on annexure. |
|
|
|
|
Conclusions |
The above financial ratios shows that the project is economically
viable and is therefore worth Implementing |
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY
STATEMENT IS PREPARED ON THE BASIS OF THE FOLLOWING ASSUMPTIONS AND ESTIMATIONS
Production
Capacity:
Production capacity is calculated on the following assumptions
- Installed Capacity of the machine is -- 20 ton of Toor per day.
- Possible No. of working days in a year is - 250 days
- No. of shifts per day is - 1 shifts for 250 days
- No. of hours per shifts is - 8 hours.
Installed
Capacity:
20 tonn * 1 shifts * 250 days
5000 tonns of Toor
5000 tonns of Toor
Expected Capacity utilization during the following year is 80% in 1st
Year
Expected yield of the product is as follows:
DalI -80%
Chunni -15%
Total
Yeild -95%
Husk -3%
Wastage -2%
Total -100%
Cost of Raw
materials:
Toor price is varies from 27500 to 40000 per tonn during the year and it
also depend on the quality. So the average price Rs 34000/- per tonn is taken
for project analysis.
Power Consumption:
The power required to hull one bag of Tool for a cost of Rs.12.00
Labour
Charges:
Labour charges refers to Hamali charges
payable for loading and unloading and production and storing etc and paid for
on and average for 250 days as per rate per hour.
Packing
Materials:
Gunny bags is used to pack the finished
product and Stored raw materials also required gunny bags and on and average
cost per bag is taken Rs.8.
Depreciation on fixed assets has been
claimed as per Income tax act.
All other Administrative Expenses and other
manufacturing expenses are taken as per production and sales levels.
|
PRODUCTION
AND SALES: |
For Full Year (Rs. In Millions) |
|
Production: |
|
|
80 % of installed capacity 4000 tonns of Toor @ 34000 per tonn |
136.000 |
|
|
|
|
Sales: |
|
|
Toor Dall: 3200 tonns 45000/ tonn |
144.000 |
|
Chunni: 600 tonns 10000/tonn |
6.000 |
|
Husk 120.00 tonn @ 1000/tonn |
0.120 |
|
Every year there is an growth in sales
corresponding production |
150.120 |
|
|
|
|
PRODUCTION
COST: |
|
|
|
|
|
Raw Materials-- Toor Consumed |
1360.000 |
|
Packing Materials-Gunny Bags64000*8 |
0.512 |
|
Power - 39680*12 |
0.476 |
|
Labour Charges (2*3500+2*2500+12*2000) |
0.432 |
|
Consumables and Stores -0.20 p.m |
0.240 |
|
Repairs and Maintenance |
0.225 |
|
Other Manufacturing Exp |
3.540 |
|
Depreciation on Fixed Assets |
1.222 |
|
|
|
|
WORKING
CAPITAL REQUIREMENT CALCULATIONS: |
|
|
1 Raw Material Stock 20 days stock : 4000*20/250*34000 |
10.880 |
|
2 Finished goods
stock: 3 days stock: 3200*3/250*45000 |
1.728 |
|
3 Sundry Debtors 15 days stock 3200*15/250*45000 |
8.640 |
|
|
21.248 |
|
Less: |
|
|
4 Sundry Creditors 14 days stock purchase 4000*14/250*35000 |
7.616 |
|
Working Capital Gap |
13.632 |
|
Working Capital Margin |
3.632 |
|
Working Capital Loan from Bank |
10.000 |
|
Note: Projected years are considering the
increase in debtors and decrease in creditors by utilisation of funds whit w
save every year which is invested in the business |
|
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Mr. Annarao
Gold Stone Crushing
Mitti Malkapur, Raichur – 584101, Karnataka, India
Mobile No.:
91-9845641258
Mr.
Madukanth
Shiv Sai Granites,
Lingsugur Road, Raichur – 584101, Karnataka, India
Mr.
Karthik
Yamaha Showroom, Goshola
Road, Raichur – 584101, Karnataka, India
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.44.78 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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.