MIRA
INFORM REPORT
|
Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
BHUMIKA PLASTER |
|
|
|
|
Registered
Office : |
Khasra No.-15/3, E-45/46-A, Mansaram Park, Uttam Nagar, New
Delhi-110059 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
2005 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.229 Millions |
|
|
|
|
TIN and VAT No.: |
08071309723 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AMAPS7456A |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Plaster of Paris. |
|
|
|
|
No. of Employees
: |
Approximately 50 (Office 5, Factory 45) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having moderate track.
The networth statement provided seems to be less satisfactory. However, trade
relations are reported as fair. Business is active. Payments are unknown. It would be take advisable securities while dealings with the subject.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Khasra No.-15/3, E-45/46-A, Mansaram Park, Uttam Nagar, New
Delhi-110059, India |
|
Mobile No.: |
91-9818507593 (Mr. Nepal Singh) |
|
E-Mail : |
|
|
Area : |
Owned |
|
|
|
|
Factory : |
IGC Khasra, Bikaner, Rajasthan, India |
|
E-Mail : |
|
|
Area : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Nepal Singh |
|
Designation : |
Proprietor |
|
Address: |
E-74, Mansa Ram Park, Uttam Nagar, Delhi-110059, India |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plaster of Paris. |
|
|
|
|
Brand Names : |
‘ SHRI SHYAM’ |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (30 Days) |
PRODUCTION STATUS
|
Particulars |
Unit |
|
|
Actual
Production |
|
Plaster of Paris |
Tonn per annum |
|
|
36000 |
GENERAL INFORMATION
|
Suppliers : |
·
Rajput Traders ·
Mehar Image Private Limited ·
Kundan Bhandar ·
Bansanti Mekhama ·
P.S. Enterprises ·
Brij Mohan Trading Co ·
Jatin Trading Co ·
Kajal Enterprises ·
Jai Maa Ambey Paints and Hardware ·
Koshal Trading Co. ·
Jai Lalit and Sons Co. |
|
|
|
|
Customers : |
Wholesalers ·
Shanu Paints Agency ·
Rakshit Enterprises ·
Agarwal Silicate Factory ·
Shivalik Paints ·
Alok Enterprises ·
Gupta Paints ·
Mangal Paints ·
Vipin Hardware ·
Janak Hardware ·
Manchanda Builders ·
Rajput Traders ·
R.K. Tradeing Co. ·
Sadhana Paints and Hardware ·
Pappur Enterprises ·
Lal Mehal Enterprises ·
Pioneer Trding Co. ·
Mahipal Paints ·
Richa Agencies |
|
|
|
|
No. of Employees : |
Approximately 50 (Office 5, Factory 45) |
|
|
|
|
Bankers : |
Allahbad Bank, Dwarka Sector 12 B |
|
|
|
|
Facilities : |
Cash Credit Rs. 10.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mathur and Sharma Associates Chartered Accountant |
|
Address : |
B-3/6, Sapali Road, New Delhi, India |
CAPITAL STRUCTURE
As on 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs. 6.229 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 6.229 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.229 |
6.055 |
5.960 |
|
|
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 |
6.229 |
6.055 |
5.960 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.229 |
6.055 |
5.960 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.856 |
2.182 |
2.298 |
|
|
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 |
11.045
|
12.865 |
10.237 |
|
|
Sundry Debtors |
2.298
|
1.482 |
3.419 |
|
|
Cash & Bank Balances |
0.057
|
0.171 |
0.445 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.140
|
0.532 |
0.241 |
|
Total
Current Assets |
13.540
|
15.050 |
14.342 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.779
|
9.998 |
9.761 |
|
|
Other Current Liabilities |
0.275
|
1.060 |
0.816 |
|
|
Provisions |
0.113
|
0.119 |
0.103 |
|
Total
Current Liabilities |
9.167
|
11.177 |
10.680 |
|
|
Net Current Assets |
4.373
|
3.873 |
3.662 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.229 |
6.055 |
5.960 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
60.865 |
54.727 |
40.956 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
60.865 |
54.727 |
40.956 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
56.093 |
49.728 |
37.570 |
|
|
|
Salary and Wages |
1.425 |
1.240 |
0.679 |
|
|
|
Telephone Expenses |
0.146 |
0.235 |
0.220 |
|
|
|
Audit Fees |
0.025 |
0.021 |
0.018 |
|
|
|
Accountancy Charges |
0.050 |
0.045 |
0.040 |
|
|
|
Advertisement Expenses |
0.360 |
0.345 |
0.185 |
|
|
|
Conveyance Expenses |
0.346 |
0.295 |
0.265 |
|
|
|
Electricity and Water Expenses |
0.327 |
0.073 |
0.069 |
|
|
|
Staff Welfare Expenses |
0.103 |
0.095 |
0.082 |
|
|
|
Vehicle Running and Maintenance |
0.264 |
0.182 |
0.151 |
|
|
|
Other Expenses |
0.846 |
1.629 |
0.926 |
|
|
|
TOTAL |
59.985 |
53.888 |
40.205 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.880 |
0.839 |
0.751 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.326 |
0.384 |
0.406 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.554 |
0.455 |
0.345 |
|
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.91
|
0.83 |
0.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.91
|
0.83 |
0.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.60
|
2.64 |
2.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.47
|
1.85 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.35 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
COMPUTATION
OF TAXABLE INCOME
MR. NEPAL
SINGH
(PROPRIETOR)
ASSESSMENT
YEAR 2011-12
(Rs.
In Millions)
|
Particulars |
Amount |
Amount |
|
Business Income |
|
|
|
Net Profit as per Profit and Loss Account |
|
|
|
From Bhumika Plaster (Proprietory Firm) |
|
0.554 |
|
Gross Taxable Income |
|
0.554 |
|
Less: Deduction u/s 80 C |
|
(0.100) |
|
Total Taxable Income |
|
0.454 |
|
Rounded off To |
0.454 |
|
|
|
|
|
|
Income Tax on Rs. 0.454 Million |
0.029 |
|
|
Add: Education and Sec. Education Cess @ 3% |
0.001 |
|
|
Total Taxable
Income |
0.030 |
|
|
Less: Self Assessment Tax u/s 140A |
(0.030) |
|
|
|
|
|
|
Total Tax Payable |
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE
SHEET
(Rs.
In Millions)
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
8.232 |
10.672 |
|
|
2] Share Application Money |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
|
|
NETWORTH |
8.232 |
10.672 |
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
25.000 |
25.000 |
|
|
2] Unsecured Loans |
2.500 |
2.500 |
|
|
TOTAL BORROWING |
27.500 |
27.500 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
35.732 |
38.172 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.579 |
1.344 |
|
|
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 |
21.500 |
23.000 |
|
|
Sundry Debtors |
15.000 |
16.000 |
|
|
Cash & Bank Balances |
0.050 |
0.060 |
|
|
Other Current Assets |
0.000 |
0.000 |
|
|
Loans & Advances |
0.250 |
0.300 |
|
Total
Current Assets |
36.800 |
39.360 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
Sundry Creditors |
2.200 |
2.000 |
|
|
Other Current Liabilities |
0.200 |
0.200 |
|
|
Provisions |
0.247 |
0.332 |
|
Total
Current Liabilities |
2.647 |
2.532 |
|
|
Net Current Assets |
34.153 |
36.828 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
35.732 |
38.172 |
|
PROJECTED PROFIT & LOSS
ACCOUNT
(Rs. In Millions)
|
|
PARTICULARS |
31.03.2012 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
Income |
130.000 |
149.500 |
|
|
|
Other Income |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
130.000 |
149.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Goods Sold |
117.600 |
135.300 |
|
|
|
Salary and Wages |
2.500 |
2.700 |
|
|
|
Telephone Account |
0.300 |
0.310 |
|
|
|
Audit Fees |
0.060 |
0.060 |
|
|
|
Accounting Charges |
0.120 |
0.120 |
|
|
|
Advertisement Expenses |
0.600 |
0.610 |
|
|
|
Bank Charges |
0.100 |
0.100 |
|
|
|
Bank Interest |
2.100 |
3.000 |
|
|
|
Conveyance Expenses |
0.600 |
0.625 |
|
|
|
Electricity and Water Expenses |
0.100 |
0.110 |
|
|
|
Vehicle Running and Maintenance |
0.500 |
0.520 |
|
|
|
Tour and Travelling Expenses |
0.600 |
0.620 |
|
|
|
Other Expenses |
7.046 |
2.200 |
|
|
|
TOTAL (B) |
132.226 |
146.275 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.780 |
3.225 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.277 |
0.235 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
2.503 |
2.990 |
|
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEETS
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
LIABILITIES |
|
|
|
1. Share Capital |
8.232 |
10.672 |
|
Share Application Money/ USL |
0.000 |
0.000 |
|
2. Reserves and Surplus (Excluding Revaluation Reserve) |
0.000 |
0.000 |
|
Shareholders’
Fund (A) |
8.232 |
10.672 |
|
3. Preference Shares capital |
-- |
-- |
|
4. Debentures |
-- |
-- |
|
5. Term Deposits from public |
-- |
-- |
|
6. Deferred tax liabilities |
-- |
-- |
|
7. Term Loan from banks |
0.000 |
0.000 |
|
8. Loan from Directors/ relatives |
2.500 |
2.500 |
|
9. Loan from other |
0.000 |
0.000 |
|
Total term
Liabilities (B) |
2.500 |
2.500 |
|
Current
Liabilities |
|
|
|
10. Short term borrowings form bank (including WCDL) |
25.000 |
25.000 |
|
11. Borrowings from bank by way of bills purchased/ discounted |
-- |
-- |
|
12. Working Capital Term Loan |
-- |
-- |
|
13. Sundry Creditors (Trade) |
2.200 |
2.000 |
|
14. Sundry Creditors for expenses |
-- |
-- |
|
15. Advances/ Progress payment from Customers |
-- |
-- |
|
16. Unsecured borrowings from others |
-- |
-- |
|
17. Deposits maturing within 1 year |
-- |
-- |
|
18. Interest and Other charges accrued and due for payment |
-- |
-- |
|
19. Provision for taxation (Net) |
0.000 |
0.000 |
|
20. Customers Deposits |
0.200 |
0.200 |
|
21. other Statutory Liabilities |
-- |
-- |
|
22. Other Current Liabilities/ provisions |
0.247 |
0.332 |
|
Total Current
Liabilities (C) |
27.647 |
27.532 |
|
Total
Liabilities (A +B+C) |
38.379 |
40.704 |
|
|
|
|
|
Current Assets |
|
|
|
1. Cash and Bank Balances |
0.050 |
0.060 |
|
2. Investments |
|
|
|
a) Government/ other trusty securities |
-- |
-- |
|
b) Fixed Deposits with banks including Margin on BGs/ LCs |
-- |
-- |
|
3. Quoted Investment |
-- |
-- |
|
4. Receivables |
|
|
|
a) Outstanding below 6 months |
15.000 |
16.000 |
|
b) Outstanding above 6 months |
-- |
-- |
|
5. Inventory |
|
|
|
a) Raw Material- Indigenous |
-- |
-- |
|
b) Raw Material- Imported |
-- |
-- |
|
c) Stores and Spares |
-- |
-- |
|
d) Stock/ Work in Process |
-- |
-- |
|
e) Finished Goods |
21.500 |
23.000 |
|
6. Advances recoverable in cash |
0.000 |
0.000 |
|
7. Advances to Suppliers |
0.250 |
0.300 |
|
8. Advance to Income Tax (Net) |
0.000 |
0.000 |
|
9. Other Current Assets |
0.000 |
0.000 |
|
Total Current
Assets (D) |
36.800 |
39.360 |
|
Fixed Assets |
|
|
|
10. Gross Block (Less Revaluation) |
1.856 |
1.579 |
|
11. Less: Depreciation |
0.277 |
0.235 |
|
12. Add: Capital Work in Progress |
-- |
-- |
|
Net Fixed Assets
(E) |
1.579 |
1.344 |
|
|
|
|
|
Non Current Assets |
|
|
|
13. Investments in |
-- |
-- |
|
14. Other Investment |
-- |
-- |
|
15. Margin on DPGs |
-- |
-- |
|
16. Advance to Suppliers of Capital Goods |
-- |
-- |
|
17. Deferred Receivables |
-- |
-- |
|
18. Others/ Miscellaneous Assets |
-- |
-- |
|
Total Non
Current Assets (F) |
0.000 |
0.000 |
|
Intangible
Assets |
|
|
|
19. Miscellaneous Expenditure |
-- |
-- |
|
20. Deferred Revenue Expenditure |
-- |
-- |
|
21. Accumulated Losses |
-- |
-- |
|
Total Intangible
Assets (G) |
0.000 |
0.000 |
|
Total Assets
(D+E+F+G) |
38.379 |
40.704 |
ANALYTICAL
AND COMPARATIVE RATIOS
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
1. Tangible Net Worth |
8.232 |
10.672 |
|
2. Sales (Net) |
130.000 |
149.500 |
|
Of which a) Domestic |
130.000 |
149.500 |
|
b) Exports |
0.000 |
0.000 |
|
3. Other Income |
0.000 |
0.000 |
|
4. Net Profit/ Loss prior to taxation but after depreciation |
2.503 |
2.990 |
|
5. Net Profit after taxation |
2.503 |
2.990 |
|
6. Depreciation provided for |
0.277 |
0.235 |
|
7. Cash Generation |
2.780 |
3.225 |
|
8. Working Capital Gap |
34.153 |
36.828 |
|
9. Required Net Working Capital |
9.200 |
9.840 |
|
10. Actual Net Working Capital |
9.153 |
11.828 |
|
11. Excess Borrowings |
0.047 |
0.000 |
|
12. Net Profit/ Loss / Net Sales % |
1.93 |
2.00 |
|
13. Net Sales/ Net Fixed Assets |
82.33 |
111.24 |
|
14. TOL/ TNW |
3.66 |
2.81 |
|
15. Debt Equity Ratio |
0.30 |
0.23 |
|
16. Current Ratio |
1.33 |
1.43 |
|
|
|
|
|
1. Stock of raw material in terms of No. of Months consumption |
0.00 |
0.00 |
|
2. Stock of Consumable stores in terms of no. of months consumption |
-- |
-- |
|
3. Work in process in terms of no. of months of cost of production |
0.00 |
0.00 |
|
4. Stock of Finished Goods in terms of no. of Months Sales (Gross) |
2.18 |
2.03 |
|
5. Sundry Debtors in terms of no. of Months Sale (Gross) |
1.38 |
1.28 |
|
Gross Sale |
130.000 |
149.500 |
|
6. Sundry Creditors in terms of no. of months of purchase |
0.21 |
0.18 |
FUND FLOW
STATEMENT
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
Long Term
Sources |
|
|
|
1. Retained Profit |
0.000 |
0.000 |
|
Add: Actual Depreciation charged (Depreciation written back) |
(0.049) |
(0.042) |
|
2. Increase in Capital/ Share application |
2.003 |
2.440 |
|
Increase in Term Liability |
0.000 |
0.000 |
|
3. Share Premium |
-- |
-- |
|
4. Decrease in Non Current Assets |
0.000 |
0.000 |
|
|
4.454 |
2.398 |
|
|
|
|
|
Short Term
Sources |
|
|
|
1. Increase in Bank Finance |
25.000 |
0.000 |
|
2. Increase in Creditors |
0.000 |
0.000 |
|
3. Increase in other current liabilities |
0.059 |
0.085 |
|
4. Decrease in Inventory |
0.000 |
0.000 |
|
5. Decrease in receivable |
0000 |
0.000 |
|
6. Decrease in other current assets |
0.000 |
0.000 |
|
Total |
25.09 |
0.085 |
|
Total Sources |
29.513 |
2.483 |
|
|
|
|
|
Long Term Uses |
|
|
|
1. Cash Loss |
0.000 |
0.000 |
|
2. Decrease in Capital/ Share Application Money |
(0.326) |
(0.277) |
|
3. Increase in Fixed Assets |
0.000 |
0.000 |
|
4. Increase in Non Current Assets |
0.000 |
0.000 |
|
5. Decrease in term liabilities |
0.000 |
0.000 |
|
|
(0.326) |
(0.277) |
|
|
|
|
|
Short Term Uses |
|
|
|
1. Decrease in Bank Finance |
0.000 |
0.000 |
|
2. Decrease in Creditors |
6.580 |
0.200 |
|
3. Decrease in other Current Liabilities |
0.000 |
0.000 |
|
4. Increase in Inventory |
10.454 |
1.500 |
|
5. Increase in Receivables |
12.702 |
1.000 |
|
6. Increase in other current assets |
0.103 |
0.060 |
|
Total |
29.839 |
2.760 |
|
Total Uses |
29.513 |
2.483 |
|
Long Term
Surplus (+)/ Deficit (-) |
4.780 |
2.675 |
|
Short Term
Surplus (+) Deficit (-) |
(4.780) |
(2.675) |
OPERATING
STATEMENT
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
Operating Income |
|
|
|
Domestic Sales |
130.000 |
149.500 |
|
Export Sales |
-- |
-- |
|
Less: Excise |
-- |
-- |
|
Net Sales (A) |
130.000 |
149.500 |
|
|
|
|
|
Operating Expenses |
|
|
|
a) Raw Material |
128.055 |
136.800 |
|
Imported |
-- |
-- |
|
Indigenous |
-- |
-- |
|
b) Stores and Spares |
0.000 |
0.000 |
|
Imported |
-- |
-- |
|
Indigenous |
-- |
-- |
|
c) Power and Fuel |
0.000 |
0.000 |
|
d) Direct Labour |
0.600 |
0.700 |
|
e) Repairs and Maintenance |
0.000 |
0.000 |
|
f) Other Manufacturing Expenses |
0.00 |
0.000 |
|
g) Depreciation |
0.277 |
0.235 |
|
Total |
128.932 |
137.735 |
|
Add: Opening Stock of WIP |
-- |
-- |
|
Sub Total |
128.932 |
137.735 |
|
Less: Closing Stock of WIP |
-- |
-- |
|
Cost of Production |
128.932 |
137.735 |
|
Add: Opening Stock of Finished Goods |
11.045 |
21.500 |
|
Sub Total |
139.977 |
159.235 |
|
Less: Closing Stock of Finished Goods |
21.500 |
23.000 |
|
Cost of Sales |
118.477 |
136.235 |
|
h) Selling and General Expenses |
6.920 |
7.275 |
|
i) Interest |
2.100 |
3.000 |
|
Total Operating Expenses (B) |
127.497 |
146.510 |
|
Operating Income (A-B) |
2.503 |
2.990 |
|
Add: Non Operating Income |
-- |
-- |
|
Less: Non Operating Expenses |
-- |
-- |
|
Profit Before Tax |
2.503 |
2.990 |
|
Provision for Tax |
0.000 |
0.000 |
|
Profit After Tax |
2.503 |
2.990 |
|
Divided |
-- |
-- |
|
Retained Earning |
2.503 |
2.990 |
PERFORMANCE/
FINANCIAL INDICATORS
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
Net Sales |
130.000 |
149.500 |
|
Other Income |
0.000 |
0.000 |
|
Profit Before Tax |
2.503 |
2.990 |
|
Profit After Tax |
2.503 |
2.990 |
|
Depreciation |
0.277 |
0.235 |
|
Cash Generation |
2.780 |
3.225 |
|
Paid up Capital |
8.232 |
10.672 |
|
Tangible Net Worth |
8.232 |
10.672 |
|
Fixed Assets |
1.579 |
1.344 |
|
Term Liabilities |
2.500 |
2.500 |
|
Investments |
0.000 |
0.000 |
|
Current Assets |
36.800 |
39.360 |
|
Current Liabilities |
27.647 |
27.532 |
|
Net Working Capital |
9.153 |
11.828 |
|
Current Ratio |
1.33 |
1.43 |
|
TOL/ TNW |
3.66 |
2.81 |
|
Debt Equity Ratio |
0.30 |
0.23 |
|
Interest Coverage Ratio |
2.32 |
2.08 |
|
Net Profit/ Net Sales (%) |
1.93 |
2.00 |
|
Dividend Paid (%) |
16.73 |
0.00 |
|
Dividend / Net Profit (%) |
0.00 |
0.00 |
|
EPS |
0.33 |
0.36 |
PERFORMANCE
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
Actual
Production |
|
|
|
Operating Capacity- Qty |
-- |
-- |
|
Target Sales – Qty |
-- |
-- |
|
Actual Gross Sales- Qty |
-- |
-- |
|
Actual Gross Sales – Value |
-- |
-- |
|
Actual Net Sales |
130.000 |
149.500 |
|
(Of which Export Sales) |
0.000 |
0.000 |
|
Raw materials purchased |
128.055 |
136.800 |
|
Raw Material Consumed |
128.055 |
136.800 |
|
Cost of Production |
128.932 |
137.735 |
|
Cost of Sales |
118.477 |
136.235 |
|
Depreciation |
0.277 |
0.235 |
|
Interest (Total) |
2.100 |
3.000 |
|
PBDIT |
4.880 |
6.225 |
|
PBDT |
2.780 |
3.225 |
|
PBT |
2.503 |
2.990 |
|
Tax Paid/ Payable |
0.000 |
0.000 |
|
PAT (Profit after tax) |
2.503 |
2.990 |
|
|
|
|
|
RATIO ANALYSIS |
|
|
|
|
|
|
|
Current Ratio |
1.33 |
1.43 |
|
Long Term Debt Equity Ratio |
0.30 |
0.23 |
|
Total Debt-Equity Ratio |
0.30 |
0.23 |
|
Net Profit to Sales |
1.93 |
2.00 |
|
PBDIT to Sales |
3.75384615 |
4.1638796 |
|
Debtors to Sales (Months) |
1.38461538 |
1.2842809 |
|
Creditors to purchases (Months) |
0.20616142 |
0.1754386 |
|
Stock Turnover Ratio |
17 |
15 |
METHOD OF
LENDING
TURNOVER
METHOD
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
A. Turnover |
130.000 |
149.500 |
|
B. 25% of (A) |
32.500 |
37.375 |
|
C. Margin Require at 5% of (A) |
6.500 |
7.475 |
|
D. Margin (NWC) |
4.373 |
4.373 |
|
E. (B-C) |
26.000 |
29.900 |
|
F. (B-D) |
28.127 |
33.002 |
|
G. MPBF (E or F whichever is lower) |
26.000 |
29.900 |
|
H. Additional to be brought in (C-D) |
[1.000] |
[4.900] |
SECOND
METHOD OF LENDING
(Rs.
In Millions)
|
Particulars |
31.03.2012 (Provisional) |
31.03.2013 (Projected) |
|
(A) Position of Current Assets |
|
|
|
Receivables |
|
|
|
Domestic- |
15.000 |
16.000 |
|
(Month Sales) |
(1.38) |
(1.28) |
|
Other Current Assets |
0.300 |
0.360 |
|
Total (A) |
36.800 |
39.360 |
|
(B) position of
current liabilities other than bank borrowings |
|
|
|
Creditors for Purchase of RM, Stores/ Spares |
2.200 |
2.000 |
|
(Months Purchase) |
(0.21) |
(0.18) |
|
Advance from Customers |
0.000 |
0.000 |
|
Statutory Liabilities |
0.000 |
0.000 |
|
Other Current Liabilities |
0.447 |
0.532 |
|
Total (B) |
2.647 |
2.532 |
|
(C) Working Capital Gap (A-B) |
34.153 |
36.828 |
|
(D) Minimum stipulated NWC (13% of CA excluding export) |
4.784 |
5.117 |
|
(E) Actual/ Projected NWC |
9.153 |
11.828 |
|
(F) Item C Minus Item D |
29.369 |
31.711 |
|
(G) Item C Minus Item E |
25.000 |
25.000 |
|
(H) Eligible Credit (Item F or G whichever is lower) |
25.000 |
25.000 |
|
(I) Excess Borrowings representing shortfall in NWC (D-E) |
0.000 |
0.000 |
----------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES (NET WORTH STATEMENT)
|
NAME OF THE
APPLICANT |
MR. NEPAL SINGH |
|
|
|
|
NAME OF THE
GUARANTOR |
MRS. HEMA PUNDIR |
|
IMMOVABLE PROPERTIES |
APPLICANT |
GUARANTOR |
|
Address of the Property with Survey No. / Door No. etc |
-- |
Khasra No. 15/3 E-45-46-A Colony, Mansaram Park, Uttam Nagar, New
Delhi |
|
|
|
|
|
Description: Land/ Site/ Building |
-- |
Building |
|
|
|
|
|
Whether free hold/ Lease Hold |
-- |
Free Hold |
|
|
|
|
|
Type of Property: Commercial/ Residential |
-- |
Commercial |
|
|
|
|
|
Extent of Land |
-- |
200 sq. yards (167.22) |
|
|
|
|
|
Mortgaged for availing loan if any, details thereof |
-- |
Mortgaged for Loan from Allahbad Bank |
|
|
|
|
|
Present Market/
Assessed Value |
-- |
Rs. 30.000
Millions (Approximately) |
|
|
|
|
|
INVESTMENT IN
BUSINESS CAPITAL |
||
|
Name of the Company/ Firm/ Concern in which investment is made |
Bhumika Plaster |
-- |
|
|
|
|
|
Date of Investment |
01.12.2009 |
-- |
|
|
|
|
|
Present value of
investments |
Rs. 6.229
Millions |
|
|
|
|
|
|
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC. |
||
|
Name of the Bank/ Company where deposits are held |
Rs. 0.500 Million FD with Allahbad Bank |
-- |
|
|
|
|
|
Date of Deposit |
2010 |
-- |
|
|
|
|
|
Nature of Deposit |
Fixed Deposit |
-- |
|
|
|
|
|
Present Value of
Deposit |
Rs. 0.550
Million |
-- |
|
|
|
|
|
LIFE INSURANCE
POLICIES |
||
|
Policy Number/s |
333451191 116696161 116485526 116696119 |
|
|
|
|
|
|
Date of Policy |
08.07.2011 11.03.2011 06.07.2010 11.03.2011 |
|
|
|
|
|
|
Type of Policy: Endowment/ Whole Life etc. |
Life Insurance |
|
|
|
|
|
|
Annual Premium |
SGL: Rs. 0.500 Million Rs. 1200/ p.a = Rs. 0.044 Million= Rs. 12000/
p.a. |
|
|
|
|
|
|
Sum Assured |
Rs. 0.625 Million Rs. 0.250 Million Rs. 0.300 Million Rs. 0.250 Million |
|
|
|
|
|
|
VEHICLES OWNED |
||
|
Model/ Make |
TATA-407 |
-- |
|
|
|
|
|
Date of Purchase |
2011 |
-- |
|
|
|
|
|
Whether hypothecated for loan |
Yes |
-- |
|
|
|
|
|
Details of Loan against vehicle |
Shri Ram Fina Rs. 0.300 Million |
-- |
|
|
|
|
|
PRESENT MARKET
VALUE |
RS. 0.550
MILLION |
-- |
|
|
|
|
|
OTHER
ASSETS |
||
|
Furniture and Fixture |
Rs. 0.150 Million |
Rs. 0.250 Million |
|
|
|
|
|
Cash in Hand |
Rs. 0.050 Million |
Rs. 0.025 Million |
|
|
|
|
|
Jewellery |
Rs. 0.100 Million |
Rs. 0.250 Million |
|
|
|
|
|
Other Assets if any (Specify) |
Rs. 0.150 Million |
Rs. 0.075 Millions |
|
|
|
|
|
Total Value of other Assets |
Rs. 0.450 Million |
Rs. 0.600 Million |
|
|
|
|
|
LIABILITIES |
||
|
Name of the Bank/ Institution |
Allahbad Bank |
-- |
|
|
|
|
|
Nature/ Type of Loan |
Cash Credit Limit of Rs. 10.000 Millions |
-- |
|
|
|
|
|
Date of Loan |
2010 |
-- |
|
|
|
|
|
Amount of Loan availed |
Rs. 5.400 Millions |
-- |
|
|
|
|
|
Security offered if any |
Mortgaged of Property Building valuing Rs. 30.000 Millions |
-- |
|
|
|
|
|
AMOUNT
OUTSTANDING |
RS. 5.400
MILLIONS |
-- |
---------------------------------------------------------------------------------------------------------------------------
OBSERVATION POINTS
|
Name of The Company: |
Bhumika Plaster |
|
|
|
|
Address: |
E-45/46-A, Mansaram Park, Uttam Nagar, New Delhi-110059 |
|
|
|
|
Factory: |
Bikaner, Rajasthan |
|
|
|
|
Name of Board: |
Sighted |
|
|
|
|
Visibility of Name Board: |
Moderate |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If any) |
Near Metro Pillar No. 750 |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Approx. Market Value Premises |
Area: 1800 sq.ft. |
|
|
|
|
Area: |
Neutral |
|
|
|
|
No. of Employees Seen at Business: |
20 |
|
|
|
|
Furniture Item Sighted: |
Building Under Construction |
|
|
|
|
Office Appearance: |
Working from Godown (Building
under Construction) |
Trade References:
·
Rajput Traders (Contact No.: 91-9810317004)
·
Balaji Plaster (Contact No.:91- 9868185132)
Fixed Assets:
·
Office Equipments
·
Furniture and Fixture
·
Computer
·
Motor Car
·
Vehicle
·
Mobile Phone
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.49.71 |
|
|
1 |
Rs.78.08 |
|
Euro |
1 |
Rs.68.05 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.