MIRA
INFORM REPORT
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Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SHRIYA PACKAGING PRIVATE LIMITED |
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Registered
Office : |
J - 12, Panki Industrial Area, Site No. III, |
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Country : |
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Financials (as
on) : |
31.03.2011 (Provisional) |
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Date of
Incorporation : |
31.03.1993 |
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Com. Reg. No.: |
015253 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
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CIN No.: [Company Identification
No.] |
U36991UP1993PTC015253 |
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PAN No.: [Permanent Account No.] |
AACCS4317R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Double Coloured Corrugated Boxes, Sheets etc for
Government Ordinance Factory and Private Factories. |
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No. of Employees
: |
17 (In office – 2, In factory – 15) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is an old established company having moderate track. As per
government registry records the status of the company is shown as Dormant. The
valuation report and the networth statement provided 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
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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 |
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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
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Name : |
Mr. Arun Kumar Gupta |
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Designation : |
Managing Director |
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Contact No.: |
91-9793622558 |
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Date : |
12.05.2011 |
LOCATIONS
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Registered Office : |
J - 12, Panki Industrial Area, Site No. III, |
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Mobile No.: |
91-9793622558 (Mr. Arun Kumar Gupta) |
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E-Mail : |
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Factory : |
Village Dhabora Mustkeem, NH-74, |
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Fax No.: |
91-5947-275613 (PP) |
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Area : |
40640 sq ft |
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Location : |
Owned |
DIRECTORS
As on 31.03.2011
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Name : |
Mr. Arun Kumar Kedar Nath Gupta |
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Designation : |
Managing Director |
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Address : |
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Date of Birth/Age : |
22.01.1952 |
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Qualification : |
B. |
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Experience : |
He is having 17 years of experience in manufacturing of double
coloured corrugated boxes/ rolls/ sheets.
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PAN No.: |
AFYPG6168C |
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Name : |
Mrs. Prabha Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
26.06.1930 |
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Qualification : |
Graduate |
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Experience : |
She is also associated since last 17 years as a director of the
company |
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PAN No.: |
AFYPG6173R |
KEY EXECUTIVES
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Name : |
Mr. Pratap Singh |
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Designation : |
Stitcher |
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Qualification : |
ITI |
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Experience : |
He is working with the company since last 17 years |
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Name : |
Mr. Prem Yadav |
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Designation : |
Foreman |
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Qualification : |
Graduate |
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Experience : |
He is working with the company since last 17 years |
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Name : |
Mr. Ram Kunwar Singh |
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Designation : |
Corrugator |
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Qualification : |
ITI |
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Experience : |
He is working with the company since last 12 years |
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Name : |
Mr. Sudhir Katiyar |
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Designation : |
Dye operator |
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Qualification : |
Graduate |
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Experience : |
He is working with the company since last 12 years |
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Name : |
Mr. Bablu |
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Designation : |
Stitcher |
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Qualification : |
Matric |
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Experience : |
He is working with the company since last 10 years |
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Name : |
Mr. Anil Katiyar |
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Designation : |
Foreman |
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Qualification : |
Inter |
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Experience : |
He is working with the company since last 15 years |
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Name : |
Mr. Sudhir Singh |
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Designation : |
Helper |
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Qualification : |
Matric |
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Experience : |
He is working with the company since last 2 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Arun Kumar Gupta |
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2500 |
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Prabha Gupta |
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1750 |
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Kedar Nath |
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750 |
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Total |
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5000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Double Coloured Corrugated Boxes, Sheets etc for
Government Ordinance Factory and Private Factories. |
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Products : |
Coloured Corrugated Boxes and Sheets |
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Terms : |
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Selling : |
Credit (90 days) |
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Purchasing : |
Credit (10 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Installed
Capacity |
Actual
Production |
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Double Coloured Corrugated Boxes and Sheets |
10 MT per day or
3600 TPA |
866.37 MT as on
31.03.2011 |
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GENERAL INFORMATION
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Suppliers : |
v
Astha Commercial Company Ksp v
Bhartiya Commercial Company v
Ganesh Ji Maharaj Ji v
Manchanda Aupply Agency Jwalapur v
Multiwal Duplex Private Limited v
Multiwal Pulp and Board Mills Private Limited v
Uttaranchal Power Corporation v
Uday Paper Mill v
Raj Mehrotra and Associates v
Shalini Chemicals v
Shri Balaji Chemical Works v
Siddhi Vinayak Enterprises Kashipur
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Customers : |
End Users
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Alok Udyog Samiti v
Crescent Tanners (Private) Limited v
Flexituff Internationsl Limited, Kashipur v
Himanshi Packer, v
Pack Chem v
Sujatha Bio Tech v
TN Thermoware v
Manish Traders v
Navneet Elastomers v
Moon Light Industry v
Navodaya Khadi Gramodyog v
Zenith Management Consultancy Services v
v
The Techno Distributor |
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No. of Employees : |
17 (In office – 2, In factory – 15) (Approximately) |
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Bankers : |
Allahabad Bank, Vijay Nagar, |
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Facilities : |
Cash Credit (Hypothecation) Rs.2.250 millions Term Loan Sanctioned Rs.4.500 millions, o/s Rs.1.657 millions
PRESENT BANKING
RELATIONSHIP:
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Raj Mehrotra and Associates Chartered Accountants |
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Address : |
17/5, 1st Floor, |
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Tel. No.: |
91-512-2369066 (Office) 91-512-2550989 (Residence) |
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Mobile No.: |
91-9415040935 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.500 |
0.500 |
0.500 |
0.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.766 |
2.060 |
1.852 |
1.739 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3.266 |
2.560 |
2.352 |
2.239 |
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LOAN FUNDS |
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1] Secured Loans |
3.900 |
4.290 |
4.384 |
6.695 |
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2] Unsecured Loans |
5.152 |
5.152 |
5.013 |
2.792 |
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3] Advances from customers/ Dealers Deposits |
4.817 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
13.869 |
9.442 |
9.397 |
9.487 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL |
12.135 |
12.002 |
11.749 |
11.726 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.524 |
7.563 |
7.594 |
7.626 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
3.112
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4.030 |
5.030 |
3.735 |
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Sundry Debtors |
5.446
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2.384 |
1.800 |
2.533 |
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Cash & Bank Balances |
0.337
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0.037 |
0.044 |
0.337 |
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Other Current Assets |
1.604
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0.162 |
0.220 |
0.218 |
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Loans & Advances |
1.179
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0.177 |
0.212 |
0.201 |
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Total
Current Assets |
11.678
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6.790 |
7.306 |
7.024 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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2.412 |
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Other Current Liabilities |
1.170
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Provisions |
0.000
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Total
Current Liabilities |
2.067
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2.412 |
3.212 |
2.985 |
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Net Current Assets |
9.611
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4.378 |
4.094 |
4.039 |
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MISCELLANEOUS EXPENSES |
0.030 |
0.061 |
0.061 |
0.061 |
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TOTAL |
17.135 |
12.002 |
11.749 |
11.726 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
27.698 |
19.249 |
14.836 |
8.872 |
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Income from Job Work |
0.000 |
0.860 |
0.471 |
0.065 |
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Other Income |
0.734 |
0.000 |
0.000 |
0.002 |
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TOTAL (A) |
28.432 |
20.109 |
15.307 |
8.939 |
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Less |
EXPENSES |
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Increase/ Decrease in Stock |
(0.183) |
0.000 |
0.000 |
0.000 |
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Cost of Goods Sold/ Raw Material Consumed |
23.043 |
17.503 |
12.788 |
6.528 |
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Selling and Administrative Expenses |
1.113 |
1.097 |
1.004 |
0.966 |
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Manufacturing Expenses |
1.893 |
0.735 |
0.591 |
0.473 |
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Other Consumable and Stores |
1.324 |
0.000 |
0.000 |
0.000 |
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TOTAL
(B) |
27.190 |
19.335 |
14.383 |
7.967 |
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Less |
PROFIT BEFORE INTEREST,
TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.242 |
0.774 |
0.924 |
0.972 |
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Less |
FINANCIAL
EXPENSES (D) |
0.496 |
0.486 |
0.739 |
0.844 |
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PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.746 |
0.288 |
0.185 |
0.128 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.040 |
0.043 |
0.052 |
0.063 |
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PROFIT
BEFORE TAX (E-F) (G) |
0.706 |
0.245 |
0.133 |
0.065 |
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Less |
TAX (H) |
0.130 |
0.037 |
0.020 |
0.009 |
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PROFIT
AFTER TAX (G-H) (I) |
0.576 |
0.208 |
0.113 |
0.056 |
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Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
1.852 |
1.739 |
1.683 |
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BALANCE
CARRIED TO THE B/S |
NA |
2.060 |
1.852 |
1.739 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
2.03
|
1.03 |
0.74 |
0.63 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.55
|
1.27 |
0.90 |
0.73 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.68
|
1.71 |
0.89 |
0.44 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.10 |
0.06 |
0.03 |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.88
|
4.63 |
5.36 |
5.57 |
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Current Ratio (Current Asset/Current Liability) |
|
5.65
|
2.82 |
2.27 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
COMPANY
PROFILE:
Subject, an existing established company, is incorporated on 31.03.1993,
under Companies Act, 1956, registered with ROC Uttarakhand and Uttar Pradesh,
Kanpur the company has its Registered office at J-12, Panki Industrial area ,
Kanpur and the unit being a “Thrust sector industry” has been set up on the
industrial land having CLU u/s 143 ZA and LR Act, at village Dhabora Mustkeem,
NH-74, Bazpur Road , Tehsil Kashipur District Udham singh Nagar in the state of
Uttarakhand.
As per MOA, the company has been formed to pursue its main object of
manufacturing of double coloured Corrugated Boxes / Rolls/ Sheets with an
installed capacity of 3600 Mt Per Annum.
SPPL is promoted by Mr. Arun Kumar and his mother Smt. Prabha Devi who
have rich working experience in same manufacturing activities. The management
of the company is vested with Board of Directors. As per Articles of
Association of Company, the Board shall consist of a minimum of two and maximum
of twelve directors. Currently, the Board of Directors consist of Two Directors
who have rich experience in same fields.
The Board is supported by experienced personnel employed by the company
to look after production, marketing and commercial activities of the company
The main director of the company Mr. Arun Kumar who has rich experience
of 17 years in the same line of activity having FNW Rs.5.000 millions as on
31.12.2010 and other director Smt. Prabha Devi is associated with the business
since 1993. Her present FNW is Rs.6.000 millions.
JUSTIFICATION FOR
ENHANCEMENT IN EXISTING FBWC LIMIT FROM RS.2.250 MILLIONS TO RS.5.000 MILLIONS:
They were sanctioned the OCC limit of Rs.2.250 millions by Allahabad
Bank considering their plant capacity utilization at 8.34% in the year 2008.
Now their plant capacity utilization has increased to 35% with substantial
increase in their sales from Rs.8.872 millions during FY 2007-08 to Rs 24.248
millions during 11 months 15 days ended on 15.03.11 for FY 2010-11.
Secondly, they still have Government supply orders worth Rs.7.500
millions to be executed.
Further, the prices of Raw Material (Kraft Paper and Duplex Board) has
since increased from Rs.1200/ per MT in the year 2007-08 to present @ Rs.1800/
per MT , similarly the cost of duplex has risen from Rs.1500/ per Mt to Rs.2100
Per Mt and also the cost of adhesives, Labour Wages , Power Tariff have since
hiked considerably. Therefore, their actual need based working capital requirement
has also increased from Rs.2.250 millions to Rs.5.000 millions, moreover, they
are also sure to achieve their sales target of Rs.27.741 millions by March,
2011, if they get the requested enhanced WC Limit.
PROPOSED
INFRASTRUCTURE FACILITIES:
Plant and Machinery:
The company has procured machinery from reputed suppliers which are in
running conditions and have sufficient residual working life of 15- years. The
company intend to operate the machineries at higher capacity utilisations at
about 85-%. The machineries are at good working condition
Power:
The power requirement for the Company’s existing operations is estimated
at 50 HP. The company meets its power demand from UPCL supply. In Uttarakhand
the power supply to industrial units having continuous plant operations is
uninterrupted and also as a stand bye arrangement two DG Sets of 63 KVA and 15
KVA has been installed
Raw Materials:
For the proposed unit, the main raw materials are Kraft Paper and Duplex
Board. The raw material is readily available at competitive price in the local
area in a radius of 50 KM of Kashipur and having number of supplier for supply
of the same. Due to engagement of the promoters in the similar line of activity
since last 17 years he is well aware of the source of availability of raw
materials. The other consumable items such as chemicals, adhesives, stores etc.
are readily available in the market
TECHNICAL KNOW HOW
The promoter of the unit is well versed in the manufacturing of
corrugation activity. Besides this, the unit is employing the technical
professionals to get the benefit of present techniques.
MAN POWER
The unit has proposed to have man power of 15 persons in production and
commercial due to Kashipur being industrial centre, the proposed man power is
easily available at competitive salary. The proposed manpower is sufficient to
cater the needs of the proposed project.
WATER:
THE WATER IS REQUIRED FOR DRINKING AND WASHING PURPOSES ONLY FOR WHICH
THE NECESSARY ARRANGEMENTS OF SELF BORING HAS BEEN MADE.
TRANSPORT:
The Plant is well connected with the
R AND D
FACILITIES:
The company is well equipped with laboratory equipment and with the help
of experienced technical team of senior staff R and D activity is being carried
out continuously for the improvement of quality of product
Disposable of
effluent:
There is no harmful effluent emanating from the manufacturing process.
Therefore, no requirement of specific ETP plant is required.
TECHNICALLY
FEASIBILITY AND ECONOMICALLY VIABILITY OF THE PROJECT:
The project being conventional type, hence no specific technical
appraisal of the proposal from the TFO is required. However, complete project
report containing Technical and Financial details has been made and prepared by
a qualified Chartered Accountant.
Overall Assessment
The Company has its unit to produce good quality double coloured
corrugated Boxes/ Rolls/ Sheets with an installed capacity of 10 MT per day.
The Company is having adequate infrastructure facilities for managing the
proposed operations effectively.
Kraft Paper and Duplex Board are the main raw material for the products
manufactured by the Company. The Kashipur itself being the biggest Paper Hub of
the country has plenty availability of Kraft Paper and Duplex Board required by
the unit. Hence, Company does not experience any difficulty in procuring
required quantity of raw material.
The Company has met the requirements of other infrastructure facilities
like water, power, manpower etc. successfully.
MANUFACTURING
PROCESS
The unit envisage to produce high strength packaging cartons of Duplex
Board (LWC) and Kraft Paper with an installed capacity of 3600 TPA. No other
unit in the area is producing such Hi quality packaging cartons. The raw board
and Kraft paper is cut into sheets of desired sizes which are placed in
corrugation machine for corrugation and thereafter the same are placed in
Gluing Machine and eventually the sealing of cartons is done.
COMMENTS ON
INDUSTRY SCENARIO AND INDUSTRY OUTLOOK:
Packaging industry is an upcoming industry after its recession upto
1995-96 and due to increase in demand of packaging products now the units in
this industry are doing well. In the vicinity of this plant, there is only one
plant which is running satisfactorily.
In the present era, in order to maintain environmental balance, the
prohibition on the cutting of trees is being enforced strictly all over the
country. The unit uses Kraft and Duplex paper as raw material which is
presently easily available in plenty in local and surrounding area/ market.
Therefore, the new ancillary paper packaging industries have developed
to meet out the demand of export houses, food items, medicines, chemicals, electrical
and electronic and other brass ware and glass ware items. The scope and market
demand for Corrugated Boxes and board industries exists specially after
prohibiting plastic packaging by some of the State Government. As such, there
is no problem of regular demand of product of the unit.
CORRUGATED BOXES:
Corrugated boxes Industry is no exception to the overall recession
prevailing in the economy of
Moreover, in view of the overall improvement in the industry in the
economy and future positive prospectus of this industries, the new prospects
have opened in future
MANAGEMENT:
The main promoter of the unit is Mr. Arun Kumar who has sufficient
experience in paper and corrugation industry because of his Association with
corrugation unit since 1993. He will be also assisted by his qualified team of
technical/ professional staff to be employed in the unit.
PRODUCTION:
Keeping in view the booming domestic market the unit is proposing its
initial installed capacity of the plant 3600TPA
Raw material and skilled and non-skilled labour is available to unit
from local/ nearby places round the year. For continuous power supply unit has
already applied for sanction of required power load of 50 HP from Uttranchal
Power Corporation. Besides this unit is also having 2 DC sets for alternate
power supply in case of power failure.
The Proposed installed capacity of the plant is 3600 TPA with capacity
utilization of 35% in FY 2010-11, for manufacturing of high quality of double
coloured corrugated boxes. The proposed utilisation capacity of the plant for
the next two years is 40%. The promoter is confident to achieve this projected
capacity utilisation to have the benefits of the economic of scale.
MARKETING:
The unit envisages to produce high strength packaging cartons of Duplex
Board (LWC) and Kraft Paper with an installed capacity of 3600 TPA. No other
unit in the area is producing such Hi quality packaging cartons. The raw board
and Kraft paper is cut into sheets of desired sizes which are placed in
corrugation machine for corrugation and thereafter the same are placed in
Gluing Machine and eventually the sealing of cartons is done.
Future and
Domestic Market: The Hi quality packaging cartons has a wide market in local area demand
specially in sphere of pharmaceuticals, Garments, glassware and preserved food
products, footwear, fruits etc packaging. The unit has planned an aggressive
marketing strategy to capture a sizable share in the market. It will thrust to
market its product in the state of Uttranchal, Uttar Pradesh and
At present, there are definite science of economic recovery, thus
increase in demand for industrial paper and board is expected.
USE SEGMENTS:
In the present scenario the use of Hi quality of Packaging cartons has occupied
a very important and vital role in the packaging and projection of brand image
of the product. The demand of Hi quality packaging cartons is since witnessing
a sharp rise in the plethora of industries since last decade and is poised to
take a quantum leap in coming years.
The usage and quality of the Iii quality cartons has therefore occupied
a grading in its quality.
__________________________________________________________________________________________
PERSONAL ASSETS OF THE
PROPRIETOR / PARTNERS / DIRECTORS:
|
Name |
Description of the Assets owned by them |
Amount (Rs. in millions) |
Whether offered as Security |
|
Mr. Arun Kumar Gupta Director |
1. Commercial Property at |
5.872 |
No |
|
|
|
|
|
|
2. Shares of Listed Company’s and Banks. |
0.280 |
No |
|
|
|
|
|
|
|
3. Share in assets of applicant company |
6.000 |
Yes |
|
|
|
|
|
|
|
4. Cash and bank Balances |
0.150 |
No |
__________________________________________________________________________________________
INSURANCE
DETAILS
|
Unit’s Assets covered |
Policy No./ Cover Note |
Validity |
Sum Assured |
Risk Covered |
|
Building |
422200/ 11/ 10/ 11/ 00000264 New India Assurance Company Limited |
25.11.11 |
Rs.3.500 millions |
Fire, SRCC, Theft, Earthquake |
|
|
|
|
|
|
|
Plant and Machinery |
422200/ 11/ 10/ 11/ 00000264 New India Assurance Company Limited |
25.11.11 |
Rs.2.000 millions |
Fire, SRCC, Theft, Earthquake |
|
|
|
|
|
|
|
Stocks |
422200/ 11/ 10/ 11/ 00000264 New India Assurance Company Limited |
25.11.11 |
Rs.1.500 millions |
Fire, SRCC, Theft, Earthquake |
|
|
|
|
|
|
|
Stocks |
422200/ 46/ 10/ 04/ 00000154 New India Assurance Company Limited |
25.11.11 |
Rs.1.500 millions |
Fire, SRCC, Theft, Earthquake |
__________________________________________________________________________________________
FINANCIAL
ANALYSIS:
|
Last available financial statement (Year ended dd/mm/yyyy) |
31.03.2010 (Audited Financial Statements) |
|
|
|
|
|
|
Recent summary financials (upto a period not more than two months old) |
PFS 31.03.2011 |
|
|
|
|
|
|
Advance Taxes Paid |
Rs.0.035 million |
|
|
|
|
|
|
Change in borrowings (from FY 31.3.10 to FY 31.3.11) |
NA |
|
|
|
|
|
|
Debtors Position < 90 days (At last month end (31.3.11) specify amount > 90 days) |
Rs.5.446 millions > 90 days Nil |
|
|
|
|
|
|
Creditors Position < 90 days (At last month end____ specify all suppliers not paid for more than 90 days) |
Rs.0.897 million > 90 days Nil |
|
|
|
|
|
|
Stock Position (at last month end) |
Rs.3.112 millions |
|
|
|
|
|
|
Drawing Power |
Rs.6.418 millions |
|
|
|
|
|
|
Any other material development |
Nil |
|
|
|
|
|
|
Whether the critical ratios conforms to the bench mark stipulation Yes |
Current Ratio |
1.25 |
|
Debt-Equity Ratio |
2.00:1 |
|
|
DSCR |
1.50 |
|
|
TOL / TNW |
4:1 |
|
|
Promoter’s Contribution |
25% |
|
__________________________________________________________________________________________
FOR MANUFACTURING ENTITIES / FACTORY SITE (S):
|
Location of Plot, accessibility, proximity to other units |
Village Dhabora Mustkeem, NH-74, |
|
|
|
|
Principal raw material(s) and sources |
Kraft paper and Duplex Board There are 5 paper units manufacturing Kraft Paper and 12 paper Units manufacturing Duplex board at Kashipur, procurement of Raw Material is from paper units at Kashipur, Jaspur, Bazpur |
|
|
|
|
Manufacturing Process |
The unit envisage to produce high strength packaging cartons of Duplex Board (LWC) and Kraft Paper with an installed capacity of 3600 TPA No other unit in the area is producing such Hi quality packaging cartons The raw board and Kraft paper is cut into sheets of desired sizes which are placed in corrugation machine for corrugation and thereafter the same are placed in Gluing Machine and eventually the sealing of cartons is done. |
|
|
|
|
Major branded and imported machines, installed |
Corrugating Machine, Due Plating Punching Machine, Pasting Machine, Cutters, Forebar Rotary Cutting and Freezing Machine, Eccentic Slotter, Stitching Machine, Printing Machine. |
|
|
|
|
Pollution Control: Any pollutants being generated and their disposal |
No effluent emanates from manufacturing process applied by the unit. |
|
|
|
|
Power: Connected load and back up availability |
Connected Load 50 HP, 2 DG Sets of 63 KVA and 15 KVA are installed as a back up system. |
|
|
|
|
Inventory / WIP / Finished Goods at the Site |
Kraft Paper (RM) and Duplex Board (RM), Adhesives, Stitching Wire (Consumables) Finished Corrugated Boxes of various sizes (FG) Corrugated Rolls and Corrugated Sheets of various ply (WIP) Printed Paper. |
|
|
|
|
Storage / Security / Perishability / Susceptibility to fire and weather |
The entire inventory mentioned above form prime security charged to bank and are kept under Tin covered shed of 12000 sq ft approximately. |
|
|
|
|
Quality Certification |
QC equipments are installed (for testing of brusting strength factor, Cobb Tester, Paper GSM Tester, Moister Tester) |
|
|
|
|
Workers / |
Permanent 17, no union |
|
|
|
|
History of any strikes / any child labour / working conditions |
NA |
__________________________________________________________________________________________
INDUSTRY RISKS (Industry
characteristics including Government Policies, competitive forces, Importance
to economy, Industry size, Demand Supply Gap, Technology risks, Earnings
stability etc.):
After prohibiting use of’ plastic packaging material by sonic of the
State Governments, the demand of Corrugated Boxes for packaging material has
increased rapidly in the past. Thus the Corrugation industry is of paramount importance
to the economy. No adverse Government policies foreseen presently.
Moreover, to meet out technical/ quality competition, unit has selected
the modernized Plant and Machinery with double coloured off set printing
machine. But still the normal risk of industry persist
BUSINESS RISKS (Product, Price,
Operating efficiency etc.)
Corrugated boxes Industry is no exception to the overall recession
prevailing in the economy of
The consumption of all varieties of paper and board has increased
manifold due to the rapid industrialization of the country, increase in
population and special attention being given to the literacy drive during the
successive five-year plans. The extent of usage of paper cartons in a country
is generally taken as a parameter of its cultural and industrial activities.
Projected operating profit to sales ratio of the unit is by and large
satisfactory which reflects the satisfactory operating efficiency of the
management. The promoter of the unit is reputed businessmen; hence normal risk
is anticipative at present.
MANAGEMENT RISKS
AND OTHER RELEVANT ISSUES (like group support, corporate governance,
credibility, management succession etc.)
The main promoters is Shri Arun Kumar is the Key man behind the project
beside his technical team of staff and workers. The promoter is well
experienced in his line of business since last more than 17 years. Shri Arun
Kumar looks after entire management of the unit. Hence normal management risk
is anticipated.
FINANCIAL RISK
EVALUATION (such as Current Ratio, DER, Achievement of projections, value of’
Account etc.)
Key financial ratios projected by the party are by and large
satisfactory. However, normal financial risk is, anticipated.
__________________________________________________________________________________________
SWOT ANALYSIS OF THE UNIT
|
STRENGTHS 1. Experienced and
worthy promoters having adequate experience of past 20 years in the line of
same activity. The promoters have the vast experience in the line of manufacturing
and trading of Corrugated Boxes and Sheets 2. Favorable
demand supply gap in industry to help the growth. In the coming days, the
demand is expected to be increased. 3. Adequate
infrastructure including latest plant and machinery. The plant is established
on the basis on the latest technology, which will not increase the production
but also will reduce the cost of operations. 4. The unit has
the installed capacity of 3600 TPA, which will also give the benefits of the
economy of scale. 5. The unit shall
be having the ahead of others in procuring the raw material, which is easily
available locally, in plenty. |
WEAKNESS 1. The performance
of the Corrugation Industry depends on the economic growth of country, a slow
down in later, can affect the performance of the company 2. Change in the
Govt. custom and excise policy may effect the profitability of the unit
either way and the prices are always fluctuating |
|
|
|
|
OPPORTUNITIES 1. Corrugation industry
is experiencing a boom which will help the unit to increase the sales as well
as profit. Mitigating Factor:
|
THREATS 1. New capacity in
the pipeline by way of addition of unit would increase competition in the
industry. |
__________________________________________________________________________________________
OPERATING
STATEMENT
(Rs.
in millions)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
Installed Capacity |
3600.00 |
3600.00 |
3600.00 |
3600.00 |
|
Actual Production (Quantity in MT). |
863.77 |
1080.00 |
1253.80 |
1434.00 |
|
% Capacity utilization |
24.00% |
30.00% |
34.83% |
39.83% |
|
|
|
|
|
|
|
1. Gross Sales |
|
|
|
|
|
(i) Domestic sales |
27.698 |
34.500 |
41.376 |
47.322 |
|
(ii) Export sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
Add: other revenue income |
0.734 |
0.000 |
0.000 |
0.000 |
|
Total |
28.432 |
34.500 |
41.376 |
47.322 |
|
|
|
|
|
|
|
2. Less excise
duty |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deduct other items |
|
|
|
|
|
|
|
|
|
|
|
3. Net
sales(item 1 - item 2) |
28.432 |
34.500 |
41.376 |
47.322 |
|
|
|
|
|
|
|
4. % age rise (+) or fall (-) in net sales as compared to previous
year (annualised) |
41.39% |
21.34% |
19.93% |
14.37% |
|
|
|
|
|
|
|
5. Cost of sales |
|
|
|
|
|
i) Raw materials (including stores and other items used in the process
of manufacture) |
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Indigenous |
25.378 |
30.100 |
35.500 |
36.340 |
|
ii) Other Consumables |
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii) Power and fuel |
0.448 |
0.565 |
0.655 |
0.765 |
|
iv) Direct labour (Factory wages & salary) |
0.232 |
0.285 |
0.365 |
0.450 |
|
v) Other mfg. expenses |
0.202 |
0.230 |
0.295 |
0.565 |
|
vi) Depreciation |
0.040 |
0.035 |
0.030 |
0.025 |
|
vii) SUB-TOTAL
(i to vi) |
26.300 |
31.215 |
36.845 |
38.145 |
|
viii) Add: Opening stocks-in-process( Packing Material) |
0.489 |
0.499 |
0.550 |
0.600 |
|
ix) Deduct: Closing stocks-in- process(Packing Material) |
0.499 |
0.550 |
0.600 |
0.650 |
|
x) Cost of
Production |
26.290 |
31.164 |
36.795 |
38.095 |
|
xi) Add: Opening stock of finished goods |
0.598 |
0.771 |
1.175 |
1.379 |
|
xii) Deduct: Closing stock of finished goods |
0.771 |
1.175 |
1.379 |
1.577 |
|
xiii) SUB-TOTAL
(Total cost of sales) |
26.117 |
30.760 |
36.591 |
37.897 |
|
|
|
|
|
|
|
6. Selling, general and administrative expenses |
1.113 |
1.505 |
1.665 |
3.315 |
|
|
|
|
|
|
|
7. SUB-TOTAL
(5+6) |
27.230 |
32.265 |
38.256 |
41.212 |
|
|
|
|
|
|
|
8. Operating profit before interest (3-7) |
1.202 |
2.235 |
3.120 |
6.110 |
|
|
|
|
|
|
|
9a. Interest on Term Loan |
0.226 |
0.182 |
0.061 |
0.000 |
|
|
|
|
|
|
|
9b. Interest on WC Limit & Bank charges |
0.270 |
0.610 |
0.610 |
0.610 |
|
|
|
|
|
|
|
10. Operating profit after interest (8-9) |
0.706 |
1.443 |
2.449 |
5.500 |
|
|
|
|
|
|
|
11. (1) Add other non-operating income |
|
|
|
|
|
(a) ………… |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) ………… |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) ………… |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub-total
(income) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii) Deduct other non-operating expenses |
|
|
|
|
|
(a) Preliminary Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) ………… |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) ………… |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub-total
(expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Net of
other non-operating income/ expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12. Profit before tax/loss [10 + 11(iii)] |
0.706 |
1.443 |
2.449 |
5.500 |
|
|
|
|
|
|
|
13. Provision for taxes |
0.127 |
0.233 |
0.404 |
1.300 |
|
|
|
|
|
|
|
14. Net profit/loss (12-13) |
0.579 |
1.210 |
2.045 |
4.200 |
|
|
|
|
|
|
|
15. (a) Equity Dividend Paid |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Dividend Rate |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16. Retained profit (14-15) |
0.579 |
1.210 |
2.045 |
4.200 |
|
|
|
|
|
|
|
17. Retained profit/Net profit % age |
100% |
100% |
100% |
100% |
__________________________________________________________________________________________
ANALYSIS
OF BALANCE SHEET
(Rs.
in millions)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
1. Short-term borrowings from banks (including bills purchased,
discounted & excess borrowings placed on repayment basis) |
|
|
|
|
|
(i) From applicant bank |
0.000 |
5.000 |
5.000 |
5.000 |
|
(ii) From other banks (Allahabad Bank Kanpur) |
2.243 |
0.000 |
0.000 |
0.000 |
|
(iii) (of which BP & BD) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub total (A) |
2.243 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
2. Short term borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3a. Sundry Creditors (Trade) |
0.897 |
1.113 |
2.161 |
3.190 |
|
Expenses Payable |
0.000 |
0.125 |
0.150 |
0.165 |
|
|
|
|
|
|
|
4. Advance payments from customers/ deposits from deal |
0.000 |
0.000 |
1.000 |
0.000 |
|
|
|
|
|
|
|
5. Provision for Taxation |
0.127 |
0.233 |
0.404 |
1.300 |
|
|
|
|
|
|
|
6. Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7. Other statutory liabilities (due within one year) |
0.000 |
0.000 |
0.000 |
0.835 |
|
|
|
|
|
|
|
8. Deposits/ installments of term loans/ DPGs/ Debentures, etc. (due
within one year) |
0.900 |
0.937 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9. Other current liabilities & provisions (due within 1 year)
(Specify major items) |
1.170 |
0.751 |
0.110 |
0.165 |
|
|
|
|
|
|
|
Sub-total (B) |
3.094 |
3.159 |
3.825 |
5.655 |
|
|
|
|
|
|
|
10. TOTAL
CURRENT LIABILITIES (total of 1 to 9) |
5.337 |
8.159 |
8.825 |
10.655 |
|
|
|
|
|
|
|
TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
11. Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12. Preference Shares (redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13. Term Loans (Including Interest Accrued) |
0.757 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
14. Deferred payment credits (excluding installments due within one
year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
15. Term deposits (repayable after one year) (Interest Free, Long
term) |
0.625 |
0.625 |
0.625 |
0.625 |
|
|
|
|
|
|
|
16. Other Term Liabilities (Dealers Deposits) |
4.847 |
0.820 |
0.000 |
0.000 |
|
|
|
|
|
|
|
17. TOTAL TERM
LIABILITIES |
6.229 |
1.445 |
0.625 |
0.625 |
|
|
|
|
|
|
|
18. TOTAL
OUTSIDE LIABILITIES (Item 10 plus item |
11.566 |
9.604 |
9.450 |
11.280 |
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
19. Ordinary share capital Unsecured Deposits from Directors |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
20. General Reserve/CIS |
4.527 |
4.527 |
4.527 |
4.527 |
|
|
|
|
|
|
|
21. Revaluation Reserve |
1.866 |
1.866 |
1.866 |
1.866 |
|
|
|
|
|
|
|
22. Other reserves (excluding provisions) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
23. Surplus (+) or deficit (-) in Profit & Loss A/c |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
23a. Others (specify) |
0.900 |
2.110 |
4.155 |
8.355 |
|
|
|
|
|
|
|
24. NET WORTH |
7.793 |
9.003 |
11.048 |
15.248 |
|
|
|
|
|
|
|
25. TOTAL
LIABILITIES |
19.359 |
18.607 |
20.498 |
26.528 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
26. Cash and bank balances (Cheques & Drafts) |
0.337 |
0.247 |
0.330 |
0.799 |
|
|
|
|
|
|
|
27. Investments (other than long term investments) |
|
|
|
|
|
(i) Government & other Trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii) Fixed Deposits with banks |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
28.(i) Receivables other than deferred & exports (Including Bills
purchased and discounted by banks) |
5.446 |
5.873 |
6.896 |
7.887 |
|
(ii) Export Receivables (Including bills purchased and discounted by
banks) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
29. Installments of deferred receivables (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
30. Inventory: |
|
|
|
|
|
(I) Raw Materials (including stores & other items used in the
process of manufacture) |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
1.842 |
1.740 |
2.030 |
2.320 |
|
|
|
|
|
|
|
(ii) Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Finished Goods |
0.771 |
1.175 |
1.379 |
1.577 |
|
|
|
|
|
|
|
(iv) Other consumable stores |
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.499 |
0.550 |
0.600 |
0.650 |
|
|
|
|
|
|
|
31. Advances to suppliers of Raw materials & stores/spares |
1.179 |
0.750 |
0.750 |
2.550 |
|
|
|
|
|
|
|
32. Advance Payment of Taxes |
0.127 |
0.233 |
0.404 |
1.300 |
|
|
|
|
|
|
|
33. Other Current Assets |
1.604 |
0.520 |
0.620 |
1.845 |
|
|
|
|
|
|
|
34. TOTAL
CURRENT ASSETS (Total of 26 to 33) |
11.805 |
11.088 |
13.009 |
18.928 |
|
|
|
|
|
|
|
35. Gross Block |
7.722 |
7.722 |
7.722 |
7.722 |
|
Add: Additions during the year |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Sales / Adjustment |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Closing Gross
Block |
7.722 |
7.722 |
7.722 |
7.722 |
|
|
|
|
|
|
|
36. Depreciation to date |
0.198 |
0.233 |
0.263 |
0.288 |
|
|
|
|
|
|
|
37. NET BLOCK
(35-36) |
7.524 |
7.489 |
7.459 |
7.434 |
|
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
38. Investments/book debts/ advances/ deposits which are not Current
Assets |
|
|
|
|
|
(i) a) Investments in subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(ii) Advances to suppliers of capital goods & contractors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Deferred receivables |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iv) Others-Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
39. Non-consumables stores & spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
40. Other non-current assets including dues from directors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
41. TOTAL OTHER
NON-CURR.ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
42. Intangible assets (patents, goodwill, prelim. expenses,
bad/doubtful expenses not provided for, etc.) |
0.030 |
0.030 |
0.030 |
0.061 |
|
|
|
|
|
|
|
SUB TOTAL |
7.554 |
7.519 |
7.489 |
7.495 |
|
|
|
|
|
|
|
43. TOTAL ASSETS
(34+37+41+42) |
19.359 |
18.607 |
20.498 |
26.423 |
|
|
|
|
|
|
|
DIFFERENCE |
0.000 |
0.000 |
0.000 |
(0.105) |
|
|
|
|
|
|
|
44. TANGIBLE NETWORTH (24-42) |
7.763 |
8.973 |
11.018 |
15.187 |
|
|
|
|
|
|
|
45. NET WORKING CAPITAL [(17+24)-(37+41+42)] |
6.468 |
2.929 |
4.184 |
8.273 |
|
|
|
|
|
|
|
46. Current Ratio |
2.21 |
1.36 |
1.47 |
1.78 |
|
|
|
|
|
|
|
47. Total Outside Liabilities/Tangible Net
Worth (without considering quasi capital) |
1.30 |
0.94 |
0.76 |
0.67 |
|
|
|
|
|
|
|
48. Total
Outside Liabilities/Tangible Net Worth (with considering quasi capital) |
0.67 |
0.09 |
0.00 |
0.00 |
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|
|
|
|
|
A) Arrears of depreciation |
|
|
|
|
|
B) Contingent liabilities |
|
|
|
|
|
i) Arrears of cumulative dividends |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
ii) Gratuity Liability not provided for |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
iii) Disputed excise/ customs/ tax
Liabilities |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
iv) Other Liabilities not provided for |
-- |
-- |
-- |
-- |
__________________________________________________________________________________________
ANALYSIS
OF BALANCE SHEET
(Rs.
in Lacs)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
(A) LIQUIDITY
RATIO |
|
|
|
|
|
1. Current Ratio |
2.21 |
1.36 |
1.47 |
1.78 |
|
Current Asserts/ Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
(B) SOLVENCY
RATIO |
|
|
|
|
|
2. Solvency Ratio = Net tangible Assets/ Total Outside Liabilities |
1.67 |
1.93 |
2.17 |
2.34 |
|
|
|
|
|
|
|
(C) EFFICIENCY
RATIOS |
|
|
|
|
|
(i) Financial
Management Ratios |
|
|
|
|
|
|
|
|
|
|
|
3. Debt Equity Ratio = (Total outside Debt/ NET WORTH) |
0.80 |
0.16 |
0.06 |
0.04 |
|
|
|
|
|
|
|
4. Quasi Debt Equity Ratio |
0.80 |
0.16 |
0.06 |
0.04 |
|
|
|
|
|
|
|
5. Fixed Assets Coverage Ratio = Net fixed assets/ long, medium term debts) |
1.21 |
5.18 |
11.93 |
11.89 |
|
|
|
|
|
|
|
6. Debtors Turnover Ratio = Outstanding Debtors x 365 Credit Sales |
71.77 |
62.13 |
60.83 |
60.83 |
|
|
|
|
|
|
|
7. Creditors Turnover Ratio (No. of days) = Outstanding Debtors x 365 Credit Purchases |
9.62 |
10.45 |
-- |
-- |
|
|
|
|
|
|
|
(ii) Material
Management Ratio |
|
|
|
|
|
|
|
|
|
|
|
8. Raw Material Turnover Ratio (No. of days) = Raw Material on hand x
330 Raw material consumed during the year |
23.95 |
19.08 |
18.87 |
21.07 |
|
|
|
|
|
|
|
9. Process Stock Turnover Ratio (No. of days) = Process of Stock on hand x 330 Cost of goods sold during the
year |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
10. Finished Goods Turnover Ratio (No. of days) = Finished goods on hand x 330 Cost of goods sold during the year |
9.74 |
12.61 |
12.44 |
13.90 |
|
|
|
|
|
|
|
11. Assets Turnover Ratio = Sales Net Operating Assets |
3.68 |
4.61 |
5.55 |
6.37 |
|
|
|
|
|
|
|
(iii)
PROFITABILITY RATIOS |
|
|
|
|
|
12. Gross profit ratio (Gross profit/Gross sales) |
8.50% |
10.94% |
11.64% |
20.92% |
|
13. Net profit ratio (Net Profit/net Sales) |
2.04% |
3.51% |
4.94% |
8.88% |
|
14. Operating Profit (Operating Profit/Net Sales) |
2.48% |
4.18% |
5.92% |
11.62% |
|
15. Return on Investment (EBIT)/Net Operating Assets |
15.98% |
29.84% |
41.83% |
82.19% |
|
|
|
|
|
|
|
OTHER RATIOS |
|
|
|
|
|
16. PAID UP CAPITAL |
5.00 |
5.00 |
5.00 |
5.00 |
|
17. T N W |
77.63 |
89.73 |
110.18 |
151.87 |
|
18. Total Outside Liabilities / TNW |
1.30 |
0.94 |
0.76 |
0.67 |
|
19. Net Sales/ Total Tangible Assets |
1.47 |
1.86 |
2.02 |
1.80 |
|
20. PBT/ Total Tangible Assets |
3.65% |
7.77% |
11.97% |
20.86% |
|
21. POA (PBT/TTA)(NET SALES) % |
1037% |
2675% |
4944% |
9850% |
|
22. Operating Cost/Net Sales % |
97.52% |
95.82% |
94.08% |
88.38% |
|
23. Assessed Bank Finance |
22.43 |
50.00 |
50.00 |
50.00 |
|
24. Inventory + Receivables / Net Sales (In Days) |
109.86 |
98.79 |
96.20 |
95.90 |
|
25. Inventory + Receivables |
85.58 |
93.38 |
109.05 |
124.34 |
|
26. PBDIT |
12.42 |
22.70 |
31.50 |
61.35 |
|
27. PBDIT/ Interest (Times) |
2.50 |
2.87 |
4.70 |
10.06 |
|
28. ROCE (%) PBDIT/ Total Assets |
6.42% |
12.20% |
15.37% |
23.22% |
|
29. Total Current Assets |
118.05 |
110.88 |
130.09 |
189.28 |
|
30. Other Current Liabilities |
30.94 |
31.59 |
38.25 |
56.55 |
|
31. Working Capital Gap |
87.11 |
79.29 |
91.84 |
132.73 |
|
32. NWC |
64.68 |
29.29 |
41.84 |
82.73 |
|
33. Batik Finance/Current Assets % |
19.00% |
45.10% |
38.43% |
26.42% |
|
34. NWC/ Total Current Assets % |
54.79% |
26.41% |
32.16% |
43.71% |
|
35. Sundry Creditors To Total Current Assets % |
7.60% |
10.04% |
16.61% |
16.85% |
|
36. Other Current Liabilities [Total Current Assets% |
18.61% |
18.45% |
12.79% |
13.02% |
|
37. Chargeable Assets (Inclusive Debtors) |
113.41 |
106.08 |
122.75 |
168.29 |
|
38. Less: Sundry Creditors |
8.97 |
11.13 |
21.61 |
31.90 |
|
39. Net Chargeable Current Assets |
104.44 |
94.95 |
101.14 |
136.39 |
|
40. Loan Installment Repaid / Repayable |
7.20 |
9.37 |
0.00 |
10.80 |
|
41. Interest Paid/ Payable |
4.96 |
7.92 |
6.71 |
6.10 |
|
42. Sub-Total |
12.16 |
17.29 |
6.71 |
16.90 |
|
43. Total Purchases |
340.42 |
388.77 |
0.00 |
0.00 |
__________________________________________________________________________________________
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(Rs.
in millions)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
A. Current
Assets |
|
|
|
|
|
1) Raw material including stores & other items use in the process
of manufacture |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
months consumption |
-- |
-- |
-- |
-- |
|
b) Indigenous |
1.842 |
1.740 |
2.030 |
2.320 |
|
months consumption |
0.87 |
0.69 |
0.69 |
0.77 |
|
|
|
|
|
|
|
2) Other consumable spares |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
months consumption |
-- |
-- |
-- |
-- |
|
b) indigenous |
0.499 |
0.550 |
0.600 |
0.650 |
|
months consumption |
13.37 |
11.68 |
10.99 |
10.20 |
|
|
|
|
|
|
|
(3) Stocks-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months cost of production |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
4) Finished goods |
0.771 |
1.175 |
1.379 |
1.577 |
|
Months cost of sales |
0.35 |
0.46 |
0.45 |
0.51 |
|
|
|
|
|
|
|
5) (i) Receivables other than deferred & exports (including bills purchased and discounted by banks) |
5.446 |
5.873 |
6.896 |
7.887 |
|
|
|
|
|
|
|
Months Domestic sales: |
2.36 |
2.04 |
2.00 |
2.00 |
|
Excluding deferred Payment sales |
|
|
|
|
|
|
|
|
|
|
|
6). Export receivables (including bills purchased and discounted by
banks) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7). Advances to suppliers of raw materials & stores/spares |
1.179 |
0.750 |
0.750 |
2.550 |
|
|
|
|
|
|
|
8) .Other current assets inclusive cash and bank balances (specify major items) |
2.068 |
1.000 |
1.354 |
3.944 |
|
|
|
|
|
|
|
9) TOTAL CURRENT
ASSETS |
11.805 |
11.088 |
13.009 |
18.928 |
|
|
|
|
|
|
|
B. CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
10 a) Creditors for purchase of raw materials, stores other than
borrowing for working capital |
0.897 |
1.113 |
2.161 |
3.190 |
|
(holding in Months) |
0.32 |
0.34 |
-- |
-- |
|
|
|
|
|
|
|
11) Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12) Other current liabilities (Specify major items) Current Loan Installment |
2.197 |
1.921 |
0.514 |
1.465 |
|
|
|
|
|
|
|
Short-term borrowings from banks (Including unsecured loans dividend, installments of public deposits,
debentures etc.) |
2.243 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
13) TOTAL
CURRENT LIABILITIES |
5.337 |
8.034 |
7.675 |
10.490 |
|
|
|
|
|
|
|
To agree with sub total B Form III |
|
|
|
|
__________________________________________________________________________________________
COMPUTATION
OF MAXIMUM PREMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(Rs.
in millions)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
1. Total Current Assets |
11.805 |
11.088 |
13.009 |
18.928 |
|
|
|
|
|
|
|
2. Other Current Liabilities (other than bank borrowings) |
2.194 |
2.402 |
3.825 |
5.655 |
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) (1 – 2) |
9.611 |
8.686 |
9.184 |
13.273 |
|
|
|
|
|
|
|
4. Minimum stipulated net working capital – 25% of WCG/ 25%
of total current assets as the case may be depending upon the method of
lending being applied. (Export receivables to be excluded under both methods) |
2.951 |
2.772 |
3.252 |
4.732 |
|
|
|
|
|
|
|
5. Actual/ projected net working capital |
6.468 |
2.929 |
4.184 |
8.273 |
|
|
|
|
|
|
|
6. Items 3 minus item 4 |
6.660 |
5.914 |
5.932 |
8.541 |
|
|
|
|
|
|
|
7. Items 3 minus item 5 |
3.143 |
5.757 |
5.000 |
5.000 |
|
|
|
|
|
|
|
8. Maximum permissible bank finance (item 6 or 7 whichever
is lower) |
3.143 |
5.757 |
5.000 |
5.000 |
|
|
|
|
|
|
|
9. Excess borrowings representing short fall in NWC (4-5) |
0.000 |
0.000 |
0.000 |
0.000 |
__________________________________________________________________________________________
FUNDS FLOW
STATEMENT
(Rs.
in millions)
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
1. SOURCES |
|
|
|
|
|
|
|
|
|
|
|
a) Net profit (after tax) |
0.579 |
1.210 |
2.045 |
4.200 |
|
|
|
|
|
|
|
b) Depreciation |
0.040 |
0.035 |
0.030 |
0.025 |
|
|
|
|
|
|
|
c) Increase in capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
d) Increase in Term Liabilities (including Public deposits) |
4.847 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
e) Increase in Reserves |
0.500 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
f) Increase in Term Loan |
0.127 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
g Decrease in |
|
|
|
|
|
I Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other Non current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Others (Intangible
Assets) |
0.031 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
h TOTAL |
6.124 |
1.245 |
2.075 |
4.225 |
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
|
|
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
b) Decrease in Term Liabilities (including Public deposits) |
1.080 |
4.784 |
0.820 |
0.000 |
|
|
|
|
|
|
|
c) Increase in |
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii) Others (Intangible
Assets) |
0.000 |
0.000 |
0.000 |
0.031 |
|
|
|
|
|
|
|
d) Accumulated Loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
e) Dividend payments |
0.000 |
0.000 |
0.000 |
0.000 |
|
f) TOTAL |
1.080 |
4.784 |
0.820 |
0.031 |
|
|
|
|
|
|
|
3. LONG TERM
SURPLUS (+) DEFICIT (-) (1-2) |
5.044 |
(3.539) |
1.255 |
4.194 |
|
|
|
|
|
|
|
4. Increase/ decrease in current assets |
5.478 |
(0.716) |
1.921 |
5.919 |
|
|
|
|
|
|
|
5. Increase/decrease in current liabilities other than bank borrowings |
0.424 |
0.066 |
0.666 |
1.830 |
|
|
|
|
|
|
|
6. Increase /decrease in working capital gap |
5.054 |
(0.782) |
1.255 |
4.089 |
|
|
|
|
|
|
|
7. Net
surplus(+)/ deficit (-) Difference of (3 - 6) |
(0.010) |
(2.757) |
0.000 |
0.105 |
|
|
|
|
|
|
|
8. Increase/ decrease in Bank borrowings |
0.010 |
2.757 |
0.000 |
0.000 |
__________________________________________________________________________________________
COMPUTATION
OF DEBT SERVICE COVERAGE RATIO
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2012 (Projected) |
31.03.2013 (Projected) |
31.03.2014 (Projected) |
|
Inflow: |
|
|
|
|
|
Net Profit after tax |
0.579 |
1.210 |
2.045 |
4.200 |
|
|
|
|
|
|
|
Depreciation |
0.040 |
0.035 |
0.030 |
0.025 |
|
|
|
|
|
|
|
Amortization o Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Interest on Term Loan |
0.226 |
0.182 |
0.061 |
0.000 |
|
Sub Total (a) |
0.845 |
1.427 |
2.136 |
4.225 |
|
|
|
|
|
|
|
Out Flow: |
|
|
|
|
|
Loan installments |
0.937 |
0.757 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Interest on Term Loan |
0.226 |
0.182 |
0.061 |
0.000 |
|
Sub Total (b) |
1.163 |
0.939 |
0.061 |
0.000 |
|
|
|
|
|
|
|
Gross DSCR [Cash accrual/ Loan Installments] |
0.066 |
0.164 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net DSCR (a) / (b) |
0.073 |
0.152 |
3.516 |
0.000 |
__________________________________________________________________________________________
MARGIN
MONEY FOR WORKING CAPITAL
(Rs.
in millions)
|
Year Capital
Utilization |
Holding Period |
31.03.2011 24.00% |
31.03.2012 30.00% |
31.03.2013 35.00% |
31.03.2014 40.00% |
|
Production in MT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A. CURRENT
ASSETS: |
(Days) |
|
|
|
|
|
1. Raw Material |
30 |
2.613 |
2.178 |
2.541 |
2.903 |
|
|
|
|
|
|
|
|
2. Ink, Power and Stitching Wire |
10 |
0.090 |
0.090 |
0.100 |
0.120 |
|
|
|
|
|
|
|
|
3. Consumables and Stores |
15 |
0.001 |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
4. Fuel for D.G. |
15 |
0.000 |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
|
|
5. Finished Goods |
10 |
0.771 |
1.175 |
1.379 |
1.577 |
|
|
|
|
|
|
|
|
6. Receivables |
60 |
4.624 |
5.873 |
6.896 |
7.887 |
|
|
|
|
|
|
|
|
Sub-Total (A) |
|
8.098 |
9.326 |
10.927 |
12.498 |
|
|
|
|
|
|
|
|
B. OVERHEADS: |
|
|
|
|
|
|
1. Salary and Wages |
3 |
0.000 |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
|
|
2. Administrative and Miscellaneous Expenses |
3 |
0.010 |
0.010 |
0.010 |
0.010 |
|
|
|
|
|
|
|
|
Sub-Total (B) |
|
0.010 |
0.020 |
0.020 |
0.020 |
|
|
|
|
|
|
|
|
C. WORKING
CAPITAL (A+B) |
|
8.108 |
9.346 |
10.947 |
12.518 |
|
|
|
|
|
|
|
|
D. Less: Sundry
Creditors |
|
|
|
|
|
|
1. For Raw Material |
|
0.654 |
1.096 |
2.135 |
3.157 |
|
|
|
|
|
|
|
|
2. For Chemicals |
|
0.011 |
0.018 |
0.026 |
0.033 |
|
|
|
|
|
|
|
|
Sub-Total (D) |
|
0.665 |
1.114 |
2.161 |
3.190 |
|
|
|
|
|
|
|
|
E. WORKING
CAPITAL GAP (C-D) |
|
7.443 |
8.232 |
8.786 |
9.328 |
|
|
|
|
|
|
|
|
F. MARGIN MONEY |
% |
|
|
|
|
|
Item No. (A) – 1 to 5 |
25.00% |
0.869 |
0.863 |
1.008 |
1.153 |
|
Item No. (A) – 6 |
40.00% |
1.860 |
2.349 |
2.758 |
3.155 |
|
Item No. (B) |
100.00% |
0.010 |
0.020 |
0.020 |
0.020 |
|
Sub-Total (F) |
|
2.739 |
3.232 |
3.786 |
4.328 |
|
|
|
|
|
|
|
|
G. BANK
BORROWINGS (E-F) |
|
4.704 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
INTEREST ON BANK
BORROWING |
12.15% |
0.140 |
0.610 |
0.610 |
0.610 |
__________________________________________________________________________________________
STATEMENT OF
ASSETS AND LIABILITIES OF BORROWER AS ON 31ST DECEMBER, 2010
SRI ARUN
KUMAR
|
Particulars |
With
Value (Rs.
in millions) (Approximately)
|
|
A. IMMOVABLE
PROPERTY: |
|
|
50% Share in Residential Property admeasuring 13050 Sq Ft at Ali
Nagar, Sunehra Housing Society, Pargna Bijnor, Amausi, |
5.872 |
|
Sub- Total |
5.872 |
|
|
|
|
B. MOVABLE
PROPERTY: |
|
|
i. 798 Equity Shares of Rs 10/- each of Allahabad Bank |
0.152 |
|
ii. 100 Equity Shares in OBC of Rs.10/- each |
0.035 |
|
iii. Madhusudan Industry 100 Debentures |
0.001 |
|
iv. Tata Finance Limited |
0.030 |
|
v. Kajaria Cermics Limited 53 Shares |
0.013 |
|
vi. Appollo Tyres 25 Debentures |
0.004 |
|
vii. ICICI Bonds |
0.030 |
|
viii. Siri Limited 100 Shares |
0.015 |
|
|
0.280 |
|
|
|
|
Cash and Bank Balance |
0.150 |
|
50% Share in Assets of Shriya Packaging Private Limited |
6.000 |
|
50% Shares in Suktiti Packaging Private Limited |
0.250 |
|
Sub-Total |
6.680 |
|
|
|
|
C. GROSS WORTH
(A+B) |
12.552 |
|
|
|
|
D. LIABILITIES:
50% Shriya Packaging Private Limited |
4.087 |
|
|
|
|
E. NET WORTH
(C-D) |
8.465 |
__________________________________________________________________________________________
STATEMENT OF
ASSETS AND LIABILITIES OF GUARANTORS AS ON 31ST DECEMBER 2010
MRS.
PRABHA GUPTA, DIRECTOR
|
Particulars |
With
Value (Rs.
in millions) (Approximately)
|
|
A. IMMOVABLE
PROPERTY: |
|
|
50% Share in Residential Property admeasuring 13050 Sq Ft at Ali
Nagar, Sunehra Housing Society, Pargna Bijnor, Amausi, |
5.872 |
|
Sub- Total |
5.872 |
|
|
|
|
B. MOVABLE
PROPERTY: |
|
|
Gold Ornaments and jewelry, Silver and Gold Coins |
0.175 |
|
Cash and Bank Balances |
0.302 |
|
|
|
|
i. 798 Equity Shares of Rs 10/- each of Allahabad Bank |
0.152 |
|
ii. 100 Equity Shares in OBC of Rs.10/- each |
0.035 |
|
iii. Madhusudan Industry 100 Debentures |
0.001 |
|
iv. Tata Finance Limited |
0.030 |
|
v. Kajaria Cermics Limited 53 Shares |
0.013 |
|
vi. Appollo Tyres 25 Debentures |
0.004 |
|
vii. ICICI Bonds |
0.030 |
|
viii. Siri Limited 100 Shares |
0.015 |
|
|
0.280 |
|
|
|
|
Cash and Bank Balance |
0.150 |
|
50% Share in Assets of Shriya Packaging Private Limited |
6.000 |
|
Sub-Total |
7.157 |
|
|
|
|
C. GROSS WORTH
(A+B) |
13.029 |
|
|
|
|
D. LIABILITIES:
50% Shriya Packaging Private Limited |
4.087 |
__________________________________________________________________________________________
PROPERTY
VALUATION REPORT
|
I. GENERAL
INFORMATION |
|
|
1. Name of the party/purchaser and address (with Door No. and Survey
No.) |
SHRIYA PACKAGING PRIVATE LIMITED M.D. Arun Kumar Gupta sIo Kadar Nath Gupta, Dhboura Musthkam
Tehsil–Kashipur District -U.S. Nagar (Uttarakhand) |
|
|
|
|
2. Name/s of the reported owner/Name/s of persons in whose name/s the
property and address. |
M.D-Arun Kumar Gupta s/o Kedar Nath Gupta |
|
|
|
|
3. Purpose of Valuation |
Bank’s purpose (CORPORATION BANK) |
|
|
|
|
4. List of Documents produced for perusal |
As per sale deed |
|
|
|
|
5. Date of Inspection |
19/03/2011 |
|
|
|
|
6. Date of Valuation |
21/03/2011 |
|
|
|
|
7. Approximate distance from the branch to the property. |
1 km |
|
|
|
|
8. Situation/location/brief description of the land/site and brief
description of the building. |
Village-Dabhora Musthakam Tehsil- Kashipur District-U.S. Nagar |
|
|
|
|
9. Boundaries of the property |
As per sale deed East — Khet of Dharamveer West — Kaccha Rasta North — P/o Nadan Singh, Preer and Others South — khet of Baldev Singh |
|
|
|
|
10 Property Tax Details. |
As per Registry |
|
|
|
|
11. Assuming the entire property is let out, the problem monthly rent
and advance building rent. |
N.A. |
|
|
|
|
12. Whether the building plan has been approved. |
|
|
(i) If Yes, Date of approval, approving authority, and whether the
building has been constructed as per the approved plan. (ii) If No, the reason for non-approval. |
N.A. |
|
|
|
|
13. General Remark |
-- |
|
|
|
|
II. VALUATION
DETAILS :- |
|
|
|
|
|
A. LAND |
|
|
|
|
|
1. The total Area (Extent) of the site/land |
1.0 Acre. |
|
|
|
|
2. Description of the site/land |
|
|
a. Character of locality |
Nearby Multiwal pulp & paper mill |
|
b. Classification |
Middle Class |
|
c. Development of surrounding area |
Developed Area |
|
d. If the locality subjected to frequent flooding. |
|
|
e. Feasibility to the civic amenities like School, Hospital, Office,
Market etc. |
1.0 K.m. |
|
f. Shape of the land. |
Regular Shape |
|
g. Type of use to which it can be put. |
|
|
h. Any other restriction of usages. |
N.A. |
|
i. Nature of right, whether lease hold free hold. |
Free Hold |
|
j. Road facility. |
|
|
k. Is it a corner plot. |
No |
|
l. Mater supply I potentiality |
Yes |
|
m. Underground sewerage system. |
Yes |
|
n. Any other sentimental/ social issue which may affect the value. |
N.A. |
|
|
|
|
3. General Remark. |
-- |
|
|
|
|
4. Prevailing Unit market rate. |
Rs.3400000.00 – 3600000.00 per |
|
|
|
|
5. Prescribed rate by the Local Authority. |
Rs.8137500.00/- Hect. (Industrial) |
|
|
|
|
6. Unit rate adopted in this valuation. |
Rs.3500000.00/- |
|
|
|
|
7. Valuation of the site / land |
Rs.3.500 millions |
|
|
|
|
B. BUILDING |
|
|
|
|
|
1. Type of Construction. |
Load Bearing wall |
|
|
|
|
2. Quality of Construction. |
|
|
|
|
|
3. Appearance of the Building. |
-- |
|
|
|
|
4. Number of Floors. |
|
|
|
|
|
5. Description of the Building |
|
|
a. Foundation |
Spread Footing |
|
b. Superstructure |
Yes |
|
c. Roof |
R.C.C. Roofing |
|
d. Doors |
Sal wood |
|
e. Windows |
Yes |
|
f. Sanitary fitting |
Yes |
|
g. Flooring |
P.C.C. Flooring |
|
h. Electricity Supply |
Yes |
|
|
|
|
6. Total Plinth Area. |
1.00 Acre. |
|
|
|
|
7. Year of Construction |
2006 |
|
|
|
|
8. Total life of the building estimate. |
55 Years |
|
|
|
|
9. General Remark. |
|
|
|
|
|
10. Replacement rate of construction with the existing conditions and
specification. |
As per Calculation Part’s Details |
|
|
|
|
11. Replacement Value |
As per Calculation Part’s Details |
|
|
|
|
12. Depreciation Value at the rate of |
As per Calculation Part’s Details |
|
|
|
|
13. Present Value of the Building |
Rs.5.582 millions |
|
BUILDING
CALCULATION |
||||||
|
S. No. |
Particulars of item |
Plinth Area |
Year of Construction |
Estimate Replacement Rs. of con. Rate. |
Replacement Cost (Rs. in millions) |
Net Value Rate (Rs. in millions) |
|
1. |
Godown |
9539.96 Sgft. |
2006 |
Rs.500.00/- Sqft. |
4.770 |
4.770 |
|
|
|
|
|
|
|
|
|
2. |
Servant Quarter’s |
890.62 Sqft. |
2006 |
Rs.450.00/- Sqft. |
0.401 |
0.401 |
|
|
|
|
|
|
|
|
|
3. |
Toilet Block |
71.16 Sqft. |
2006 |
Rs.400.00/- Sqft. |
0.028 |
0.028 |
|
|
|
|
|
|
|
|
|
4. |
Guard room |
137.04 Sqft. |
2006 |
Rs.500.00/- Sqft. |
0.069 |
0.069 |
|
|
|
|
|
|
|
|
|
5. |
Boundary wall (1) |
51100 Rnft. |
2006 |
Rs.400.00/- Sqft. |
0.204 |
0.204 |
|
|
|
|
|
|
|
|
|
6. |
Boundary wall (2) |
129.33 Rnft. |
2006 |
Rs.850.00/- Sqft. |
0.110 |
0.110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.582 |
||
|
Cost of Land |
1.00 Acre |
Rs.3500000.00/- |
Rs.3.500 millions
|
Rs.3.500
millions |
|
|
|
|
|
|
|
C. TOTAL
VALUATION: |
||
|
1. |
Valuation of the Land |
Rs.3.500
millions |
|
|
|
|
|
2. |
Valuation of the Building |
Rs.5.582
millions |
|
|
|
|
|
|
TOTAL: |
Rs.9.082
millions |
|
|
|
|
|
|
SAY |
Rs.9.082
millions |
__________________________________________________________________________________________
TRADE REFERENCES:
Mr. Sukhwinder Singh Goraya, MD Gorya Straw Board Mills Private Limited
Address:
Contact No.: 91-9837048821
Mr. B.C. Joshi, Manager, Baker’s Circle Private Limited
Address: Mahuakheraganj, Kashipur
Contact No.: 91-9927037909
Mr. Azmat Khan Vice President, Multiwal Pulp and Board Mills Private
Limited
Address: Kashipur
Contact No.: 91-9927040357
Mr. Ram Chandra Agarwal, Manager, Jindal Frozen Private Limited
Address:
Mobile No.: 91-9837058643
__________________________________________________________________________________________
FIXED ASSETS:
v
Land
v
Building
v
Plant and Machinery
v
Air Conditioner
v
Cease Fire
v
Computer
v
Electric Installation
v
Mobile Phone
v
Motor Cycle
v
Motor Car
v
Office Equipments
v
Tools and Equipment
v
Furniture and Fixture
____________________________________________________________________________________
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
|
|
1 |
Rs.72.97 |
|
Euro |
1 |
Rs.63.57 |
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.