MIRA
INFORM REPORT
|
Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
R. D. ENGINEERING WORKS |
|
|
|
|
Registered
Office : |
A-13 and 14, Jain Park, Gali No.2, Matiala Road, Uttam Nagar, Delhi –
110059 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
1994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.431 Millions |
|
|
|
|
TIN & VAT
No.: |
07710310821 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABJPS8310H |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Electrical Goods.
|
|
|
|
|
No. of Employees
: |
19 (Approximately) (Office – 4 and Factory – 15) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. However, it would be take advisable 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
A-13 and 14, Jain Park, Gali No.2, Matiala Road, Uttam Nagar, Delhi –
110059, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9811485102 (Mr. Dinesh Kumar Sharma) |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
|
|
|
|
Factory : |
K-23/17, |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Dinesh Kumar Sharma |
|
Designation : |
Proprietor |
|
Address : |
A-13 and 14, Jain Park, Gali No.2, Matiala Road, Uttam Nagar, Delhi –
110059, India |
|
Date of Birth/Age : |
26.12.1972 |
|
Qualification : |
Under Graduate |
|
Experience : |
17 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Goods.
|
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
19 (Approximately) (Office – 4 and Factory – 15) |
|
|
|
|
Bankers : |
· Corporation Bank Tilak Nagar, |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Kapila Associates Chartered Accountants |
|
Address : |
|
CAPITAL STRUCTURE
(PROPRIETORS
CAPITAL ACCOUNT AS ON 31.03.2011)
|
Particulars |
31.03.2011 (Rs. In Millions) |
|
|
|
|
Opening Capital |
1.236 |
|
Add – Profit |
0.305 |
|
Less – Drawings |
0.110 |
|
|
|
|
Total |
1.431 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
1.431 |
1.236 |
1.123 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.431 |
1.236 |
1.123 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.017 |
0.037 |
|
|
2] Unsecured Loans |
1.232 |
1.032 |
1.350 |
|
|
TOTAL BORROWING |
1.232 |
1.049 |
1.387 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.663 |
2.285 |
2.510 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.003 |
1.832 |
2.171 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.616
|
0.387 |
0.270 |
|
|
Sundry Debtors |
0.440
|
0.314 |
0.290 |
|
|
Cash & Bank Balances |
0.030
|
0.016 |
0.055 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
1.086
|
0.717 |
0.615 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.359
|
0.248 |
0.267 |
|
|
Other Current Liabilities |
0.067
|
0.016 |
0.009 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.426
|
0.264 |
0.276 |
|
|
Net Current Assets |
0.660
|
0.453 |
0.339 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.663 |
2.285 |
2.510 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.517 |
0.546 |
0.659 |
|
|
|
Other Income |
1.651 |
1.062 |
0.589 |
|
|
|
TOTAL |
2.168 |
1.608 |
1.248 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
0.381 |
0.327 |
0.495 |
|
|
|
Consumable Stores |
0.007 |
0.006 |
0.003 |
|
|
|
Wages and Salary |
0.340 |
0.225 |
0.070 |
|
|
|
Conveyance Charges |
0.068 |
0.025 |
0.003 |
|
|
|
Printing and Stationery |
0.020 |
0.011 |
0.000 |
|
|
|
Accounting Charges |
0.048 |
0.036 |
0.012 |
|
|
|
Electricity Charges |
0.120 |
0.063 |
0.039 |
|
|
|
Fuel Charges |
0.090 |
0.065 |
0.012 |
|
|
|
Repairs and Maintenance |
0.113 |
0.060 |
0.001 |
|
|
|
Telephone Expenses |
0.017 |
0.015 |
0.007 |
|
|
|
Miscellaneous expenses |
0.027 |
0.018 |
0.003 |
|
|
|
Business Promotion |
0.040 |
0.034 |
0.003 |
|
|
|
Financial Charges |
0.002 |
0.003 |
0.007 |
|
|
|
Rent |
0.240 |
0.180 |
0.024 |
|
|
|
Bank Charges |
0.003 |
0.002 |
0.001 |
|
|
|
TOTAL |
1.516 |
1.070 |
0.680 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.652 |
0.538 |
0.568 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.348 |
0.321 |
0.371 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.304 |
0.217 |
0.197 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
14.02
|
13.50 |
15.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
58.80
|
39.74 |
29.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.84
|
8.51 |
7.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.18 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.16
|
1.06 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.55
|
2.72 |
2.23 |
LOCAL AGENCY FURTHER INFORMATION
OBSERVATION POINTS
|
Name of Company : |
R D ENGINEERING WORKS |
|
|
|
|
Address : |
A-13 and 14, Jain Park, Gali No.2, Matiala Road, Uttam Nagar, Delhi –
110059, India K-23/17, |
|
|
|
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location : |
Easy |
|
|
|
|
Landmark (if any) : |
Near Nawada Metro Station |
|
|
|
|
Approx. Market Value of Premises : |
Residential Area: 675 (sq. ft.) Factory Area: 750 (sq. ft.) |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Visibility of Items : |
· Telephone · Computers · Office Equipment |
|
|
|
|
No. of Employees seen at Business Premises : |
12 |
|
|
|
|
Furniture Items Sighted : |
Yes |
|
|
|
|
Office Appearance : |
Yes |
|
|
|
|
Sister Concerns (Other Names on Name Board): |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
(Provisional) |
(Projected) |
|
|
|
|
|
Gross Sales |
2.200 |
2.500 |
|
Job Work |
3.300 |
4.500 |
|
|
|
|
|
Total |
5.500 |
7.000 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
5.500 |
7.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
74 |
28 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Raw Materials (Including Stores) |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
2.300 |
2.125 |
|
|
|
|
|
Others Stores and Spares |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
0.540 |
0.670 |
|
Direct Labour |
1.250 |
2.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
|
Depreciation |
0.296 |
0.252 |
|
|
|
|
|
Sub
Total |
4.386 |
5.047 |
|
|
|
|
|
Add: Opening Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total |
4.386 |
5.047 |
|
|
|
|
|
Less: Closing Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Production |
4.386 |
5.047 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.616 |
1.200 |
|
|
|
|
|
Total |
5.002 |
6.247 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
1.200 |
1.500 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
3.802 |
4.747 |
|
|
|
|
|
Selling, General and Administrative Expenses |
1.069 |
1.430 |
|
|
|
|
|
Sub
Total |
4.872 |
6.177 |
|
|
|
|
|
Operating Profit before interests |
0.628 |
0.823 |
|
|
|
|
|
Interests |
0.225 |
0.300 |
|
|
|
|
|
Operating Profit After Interests |
0.403 |
0.523 |
|
|
|
|
|
Other Non Operating Income |
0.000 |
0.000 |
|
Other Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
0.403 |
0.523 |
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.403 |
0.523 |
|
|
|
|
|
Retained Profit |
0.403 |
0.523 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
(Provisional) |
(Projected) |
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
0.900 |
0.900 |
|
ii. From Other Banks |
0.000 |
0.000 |
|
iii. Of which BP and BD |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL |
0.900 |
0.900 |
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
0.700 |
0.850 |
|
Advances Payment from customers |
0.000 |
0.000 |
|
Provision For Taxes |
0.000 |
0.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.074 |
0.124 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
1.674 |
1.874 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
|
Vehicles Loan |
0.000 |
0.000 |
|
Term Loan HDFC Limited (Repayable after one year) |
0.000 |
0.000 |
|
Unsecured Loans |
0.500 |
0.300 |
|
Term Deposit |
0.000 |
0.000 |
|
Deferred Tax Liability |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.500 |
0.300 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
2.174 |
2.174 |
|
|
|
|
|
NET
WORTH |
|
|
|
Proprietor’s Capital |
1.281 |
1.484 |
|
General Reserve |
0.000 |
0.000 |
|
Other Reserve (Excluding Provision) |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.403 |
0.523 |
|
|
|
|
|
TOTAL
NET WORTH |
1.684 |
2.007 |
|
|
|
|
|
TOTAL
LIABILITIES |
3.858 |
4.180 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.050 |
0.075 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
0.900 |
1.150 |
|
Export receivables |
0.000 |
0.000 |
|
Installments of deferred receivable |
0.000 |
0.000 |
|
|
|
|
|
Inventory |
1.200 |
1.500 |
|
Stock in Process |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
|
Advances to suppliers |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
2.150 |
2.725 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
NET BLOCK |
1.708 |
1.455 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
|
Advances suppliers of Capital goods and contractors |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
|
Loans and Advance |
0.000 |
0.000 |
|
Receivables more than 6 month old |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
3.858 |
4.180 |
|
|
|
|
|
Tangible Networth |
2.174 |
2.174 |
|
|
|
|
|
Net Working Capital |
0.476 |
0.851 |
|
|
|
|
|
Current Ratio |
1.28 |
1.45 |
|
|
|
|
|
Debt Service Coverage Ratio |
0.36 |
0.36 |
|
|
|
|
|
TOL/ TNW |
1.29 |
1.08 |
|
|
|
|
|
Net Profits/ Sales |
0.07 |
0.07 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS
IN MILLIONS)
|
Particulars |
2011-12 |
2012-13 |
|
|
(Provisional) |
(Projected) |
|
Raw Materials |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
|
[b] Indigenous |
1.200 |
1.500 |
|
Months Consumption |
-- |
-- |
|
|
|
|
|
Other consumable spares |
|
|
|
Excluding those included 1 above |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
|
[b] Indigenous |
0.000 |
0.000 |
|
Months Consumption |
-- |
-- |
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
|
Months cost of production |
-- |
-- |
|
|
|
|
|
Finished goods |
0.000 |
0.000 |
|
Months cost of sales |
-- |
-- |
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
0.900 |
1.150 |
|
Months domestic sales |
-- |
-- |
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
0.000 |
0.000 |
|
Months export sales |
-- |
-- |
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
0.000 |
0.000 |
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.050 |
0.075 |
|
|
|
|
|
TOTAL CURRENT ASSETS |
2.150 |
2.725 |
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
[Other than bank borrowing for working capital] |
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.700 |
0.850 |
|
Months Purchases |
-- |
-- |
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
|
|
|
|
|
Statutory Liabilities |
0.000 |
0.000 |
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
0.500 |
0.300 |
|
|
|
|
|
TOTAL |
1.200 |
1.150 |
|
Closing Stock |
1.200 |
1.500 |
|
|
|
|
|
Add: Consumption |
2.300 |
2.125 |
|
|
|
|
|
Less: Opening Stock |
0.616 |
0.120 |
|
|
|
|
|
Purchases |
2.884 |
3.505 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
2011-12 |
2012-13 |
|
|
(Provisional) |
(Projected) |
|
Annual Turnover |
5.500 |
7.000 |
|
|
|
|
|
25% of 1 (Margin for Working Capital) |
1.375 |
1.750 |
|
|
|
|
|
Margin Required @ 5% of 1 |
0.069 |
0.088 |
|
|
|
|
|
Margin (NWC) |
0.476 |
0.851 |
|
|
|
|
|
(2-3) |
1.306 |
1.663 |
|
|
|
|
|
(2-4) |
0.899 |
0.899 |
|
|
|
|
|
MPBF (5-6 Whichever is less) |
0.899 |
0.899 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.684 |
2.007 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.684 |
2.007 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.900 |
0.900 |
|
|
2] Unsecured Loans |
|
0.500 |
0.300 |
|
|
TOTAL BORROWING |
|
1.400 |
1.200 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.084 |
3.207 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.708 |
1.456 |
|
|
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 |
|
1.200 |
1.500 |
|
|
Sundry Debtors |
|
0.900 |
1.150 |
|
|
Cash & Bank Balances |
|
0.050 |
0.075 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2.150 |
2.725 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.700 |
0.850 |
|
|
Other Current Liabilities |
|
0.074 |
0.124 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.774 |
0.974 |
|
|
Net Current Assets |
|
1.376 |
1.751 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.084 |
3.207 |
|
PROFIT & LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2.200 |
2.500 |
|
|
|
Other Income |
|
3.300 |
4.500 |
|
|
|
TOTAL |
|
5.500 |
7.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
1.716 |
1.825 |
|
|
|
Consumable Stores |
|
0.034 |
0.050 |
|
|
|
Wages and Salary |
|
1.250 |
2.000 |
|
|
|
Conveyance Charges |
|
0.129 |
0.165 |
|
|
|
Printing and Stationery |
|
0.050 |
0.090 |
|
|
|
Accounting Charges |
|
0.072 |
0.100 |
|
|
|
Electricity Charges |
|
0.350 |
0.450 |
|
|
|
Fuel Charges |
|
0.190 |
0.220 |
|
|
|
Repairs and Maintenance |
|
0.250 |
0.300 |
|
|
|
Telephone Expenses |
|
0.045 |
0.060 |
|
|
|
Miscellaneous expenses |
|
0.090 |
0.140 |
|
|
|
Business Promotion |
|
0.100 |
0.125 |
|
|
|
Financial Charges |
|
0.225 |
0.300 |
|
|
|
Rent |
|
0.300 |
0.400 |
|
|
|
Bank Charges |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
4.801 |
6.225 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.699 |
0.775 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.296 |
0.252 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.403 |
0.523 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
NAME OF THE
APPLICANT: MR. DINESH KUMAR SHARMA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Particulars |
Applicant |
|
|
|
|
Address of the property with survey No./
Door No. etc. |
K-23/17, |
|
|
|
|
Description: Land/ Site/ Building |
Yes |
|
|
|
|
Whether freehold/ Leasehold |
Yes |
|
|
|
|
Type of Property |
Commercial |
|
|
|
|
Present Market/ Assessed Value |
Rs.3.500
Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the company/ Firm/ concern in which
investment is made |
R D Engineering works |
|
|
|
|
Date of Investments |
1996 |
|
|
|
|
Present Value of Investments |
Rs.1.430
Millions |
LIFE INSURANCE
POLICIES
|
Annual Premium |
0.020 |
|
|
|
|
Sum Assured |
0.500 |
VEHICLES OWNED
|
Model / Make |
Maruti Eeco |
|
|
|
|
Date of Purchases |
April 2011 |
|
|
|
|
Whether Hypothecated for loan |
Yes |
|
|
|
|
Details of Loan against Vehicles |
Mahindra and Mahindra |
|
|
|
|
Present Market Value |
Rs.0.320 Million
|
OTHER ASSETS
|
Furniture and Fixture |
0.200 |
|
|
|
|
Cash in Hand |
0.050 |
|
|
|
|
Jewellery |
0.300 |
|
|
|
|
Other Assets |
0.200 |
|
|
|
|
Total Value of other Assets |
Rs.0.750 Million
|
|
TOTAL ASSETS |
RS.6.000
MILLIONS |
|
NET WORTH |
RS.6.000
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCES:
· Balkam India Private Limited
Mobile No.: 91-9810003667
Gauri Engineering Works
Mobile No.: 91-9810077982
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.49.37 |
|
|
1 |
Rs.78.50 |
|
Euro |
1 |
Rs.67.59 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.