MIRA
INFORM REPORT
|
Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
KAPLESHWAR DALL INDUSTRIES |
|
|
|
|
Registered
Office : |
Sy. No. 34/3 and 34/6, 2nd Stage, Kapnoor Industrial Area,
Uploan Cross, Humnabad Road, Gulbarga, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 (Provisional) |
|
|
|
|
Date of
Incorporation : |
2006-07 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.986 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AMVPM1007C |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer of Estaling Brand and CM Brand. |
|
|
|
|
No. of Employees
: |
7 – Approximately (Office – 2 and Factory – 5) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. The valuation
report and networth statement provided seems to be satisfactory. No
complaints have been heard from the market sources. 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Mallikarjun G. Machetty |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9449011138 |
|
Date : |
27.08.2011 |
LOCATIONS
|
Registered Office/ Factory : |
Sy. No. 34/3 and 34/6, 2nd Stage, Kapnoor Industrial Area, Uploan Cross, Humnabad Road, Gulbarga, Karnataka, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9449011138 (Mr. Mallikarjun G. Machetty) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Mallikarjun G. Machetty |
|
Designation : |
Proprietor |
|
Address : |
H. No. 26/24, Revansiddeshwar Colony, Kopnoor, Humnabad Road, Gulbarga – 585105, Karnataka, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Qualification : |
P.U.C. |
|
Experience : |
8 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Estaling Brand and CM Brand. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (15 days) |
|
|
|
|
Purchasing : |
Cash and Credit (15 days) |
PRODUCTION STATUS (AS ON 31.03.2011 – PROVISIONAL)
|
Particulars |
Installed Capacity |
Actual Production |
|
|
|
|
|
Toor Dall |
10 tonns per day
|
9-10 tonns per
day |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
7 – Approximately (Office – 2 and Factory – 5) |
|
|
|
|
Bankers : |
· Syndicate Bank Super Market Gulbarga, Karnataka, India |
|
|
|
|
Facilities : |
Credit Limit = Rs.17.500 Millions from Syndicate Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. P. Bijaspur and Company Chartered Accountant |
|
Address : |
Super Market, Gulbarga, Karnataka, India |
CAPITAL STRUCTURE
MR.
MALLIKARJUN G. MACHETTY CAPITAL ACCOUNT AS ON 31.03.2011 – PROVISIONAL
(RS. IN MILLIONS)
|
Particulars |
Amount |
Particulars |
Amount |
|
|
|
|
|
|
To Drawings |
0.076 |
By Balance B/Fc |
4.503 |
|
To Advance
Income Tax |
0.033 |
|
|
|
To Income Tax (07-08) |
0.023 |
Net Profit |
0.746 |
|
To Income Tax (09-10) |
0.024 |
|
|
|
To Life Insurance LIC |
0.082 |
|
|
|
To Bajaj Alliance Insurance |
0.025 |
|
|
|
|
|
|
|
|
To Balance b/d |
4.986 |
|
|
|
|
|
|
|
|
Total |
5.249 |
Total |
5.249 |
------------------------------------------------------------------------------------------------------------------------------
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 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.986 |
4.503 |
4.220 |
|
|
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 |
4.986 |
4.503 |
4.220 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.951 |
16.548 |
13.887 |
|
|
2] Unsecured Loans |
3.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
18.951 |
16.548 |
13.887 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.937 |
21.051 |
18.107 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.270 |
3.504 |
3.677 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.966
|
10.312 |
10.793 |
|
|
Sundry Debtors |
8.881
|
5.610 |
7.100 |
|
|
Cash & Bank Balances |
0.338
|
4.991 |
0.100 |
|
|
Other Current Assets |
0.006
|
0.001 |
0.001 |
|
|
Loans & Advances |
0.000
|
0.005 |
0.000 |
|
Total
Current Assets |
21.191
|
20.919 |
17.994 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.450
|
3.358 |
3.521 |
|
|
Other Current Liabilities and Provision |
0.075
|
0.015 |
0.044 |
|
Total
Current Liabilities |
0.525
|
3.373 |
3.565 |
|
|
Net Current Assets |
20.666
|
17.546 |
14.429 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.937 |
21.051 |
18.107 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
92.441 |
73.567 |
84.040 |
|
|
|
Other Income |
0.116 |
0.047 |
0.059 |
|
|
|
TOTAL |
92.557 |
73.614 |
84.099 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
84.454 |
68.802 |
79.134 |
|
|
|
Direct Expenses |
3.281 |
0.708 |
0.844 |
|
|
|
Salary to Staff |
0.384 |
0.312 |
0.180 |
|
|
|
Machinery Repairs |
0.075 |
0.037 |
0.085 |
|
|
|
Audit Fees |
0.010 |
0.000 |
0.000 |
|
|
|
Insurance on Car |
0.008 |
0.000 |
0.000 |
|
|
|
Brokerage |
0.225 |
0.128 |
0.173 |
|
|
|
Cash Discount Allowed |
1.023 |
1.415 |
1.538 |
|
|
|
Factory Expenses |
0.038 |
0.025 |
0.027 |
|
|
|
Other Expenses |
2.080 |
1.435 |
1.359 |
|
|
|
TOTAL |
91.578 |
72.862 |
83.340 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.979 |
0.752 |
0.759 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.234 |
0.272 |
0.264 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.745 |
0.480 |
0.495 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.80
|
0.65 |
0.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.81
|
0.65 |
0.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.05
|
1.97 |
2.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.11 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.91
|
4.42 |
4.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
40.36
|
6.20 |
5.05 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2012 |
2013 |
2014 |
|
|
Current Year |
Projected |
||
|
|
|
|
|
|
|
Gross
Sales |
|
|
|
|
|
Domestics Sales |
92.441 |
97.063 |
101.916 |
0.000 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total
|
92.441 |
97.063 |
101.916 |
0.000 |
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Deduct other Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net
Sales |
92.441 |
97.063 |
101.916 |
0.000 |
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
0.00 |
(1095.00) |
5.00 |
(100.00) |
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
85.757 |
89.295 |
93.760 |
0.000 |
|
|
|
|
|
|
|
Other Consumed |
|
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
0.679 |
0.692 |
0.727 |
0.000 |
|
|
|
|
|
|
|
Power and Fuel |
0.573 |
0.588 |
0.617 |
0.000 |
|
Direct Labour and Wages |
0.551 |
0.563 |
0.592 |
0.000 |
|
Other Production cost (Feed Cost) |
1.123 |
1.151 |
1.208 |
0.000 |
|
Depreciation |
0.234 |
0.201 |
0.174 |
0.000 |
|
|
|
|
|
|
|
Sub
Total |
88.917 |
92.490 |
97.078 |
0.000 |
|
|
|
|
|
|
|
Add: Opening Stock of Raw Materials |
9.641 |
4.629 |
4.861 |
5.104 |
|
|
|
|
|
|
|
Sub
Total |
98.558 |
97.119 |
101.939 |
5.104 |
|
|
|
|
|
|
|
Less: Closing Stock Raw Materials |
4.629 |
4.861 |
5.104 |
0.000 |
|
|
|
|
|
|
|
Cost
of Production |
93.929 |
92.258 |
96.835 |
5.104 |
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.670 |
6.985 |
7.329 |
7.690 |
|
|
|
|
|
|
|
Sub
Total |
94.599 |
99.243 |
104.164 |
12.794 |
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
6.985 |
7.329 |
7.690 |
0.000 |
|
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
87.614 |
91.914 |
96.474 |
12.794 |
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
2.277 |
2.279 |
2.389 |
0.000 |
|
|
|
|
|
|
|
Operating Profit before interests |
2.550 |
2.870 |
3.053 |
(12.794) |
|
|
|
|
|
|
|
Interests |
1.921 |
1.902 |
1.903 |
0.000 |
|
|
|
|
|
|
|
Operating Profit After Interests |
0.629 |
0.968 |
1.150 |
(12.794) |
|
|
|
|
|
|
|
Add:
Other Non Operating Income |
|
|
|
|
|
|
|
|
|
|
|
Note: Insertable with Total |
0.116 |
0.116 |
0.122 |
0.000 |
|
Total
(Income) |
0.116 |
0.116 |
0.122 |
0.000 |
|
|
|
|
|
|
|
Deduct:
Other Non-Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
Note: Insertable with Local |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total
(Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net
of Other Non-operating Income and Expenses |
0.116 |
0.116 |
0.122 |
0.000 |
|
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
0.745 |
1.084 |
1.272 |
(12.794) |
|
|
|
|
|
|
|
Provision for taxes |
0.077 |
0.100 |
0.120 |
0.000 |
|
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.668 |
0.984 |
1.152 |
(12.794) |
|
|
|
|
|
|
|
Dividend/ Drawings |
1.84 |
1.89 |
2.20 |
0.000 |
|
|
|
|
|
|
|
Retained Profit |
0.484 |
0.795 |
0.932 |
(12.794) |
|
Retained Profit. Net Profit (% age) |
72.46 |
80.79 |
80.90 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2012 |
2013 |
2014 |
|
|
Current Year |
Projected |
||
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
|
i. From Application Bank |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii. From Other Banks |
15.149 |
15.374 |
15.874 |
0.000 |
|
iii. Of which BP and BD |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
SUB
TOTAL (A) |
15.149 |
15.374 |
15.874 |
0.000 |
|
|
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
0.450 |
0.515 |
0.542 |
0.000 |
|
Advances Payment from customers |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision For Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
|
Proposed Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.075 |
0.000 |
0.000 |
0.000 |
|
Deposits of term loans and Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub
Total (B) |
0.525 |
0.515 |
0.542 |
0.000 |
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
15.674 |
15.889 |
16.416 |
0.000 |
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redeemable
Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan |
0.803 |
0.214 |
0.334 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Deposit/ Deferred Tax
Liability |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
3.000 |
3.000 |
2.500 |
3.000 |
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
3.803 |
3.214 |
2.834 |
3.000 |
|
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
19.477 |
19.103 |
19.250 |
3000 |
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
Ordinary Shares Capital |
4.985 |
5.766 |
6.703 |
0.000 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deferred Tax Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Reserve (Excluding Provision) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other (Specify) – |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
NET WORTH |
4.985 |
5.766 |
6.703 |
0.000 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
24.462 |
24.869 |
25.953 |
3.000 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.338 |
0.280 |
0.438 |
0.000 |
|
Investments [Other than long term investments] |
0.001 |
0.001 |
0.001 |
0.000 |
|
Receivables other than deferred and exports |
0.000 |
0.000 |
0.000 |
0.000 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
0.000 |
|
Installments of deferred receivable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Stock in Process |
4.629 |
4.861 |
5.104 |
0.000 |
|
Finished Goods |
6.985 |
7.329 |
7.690 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
|
|
|
|
|
Advance Payment of Taxes |
0.005 |
0.005 |
0.004 |
0.000 |
|
Other Current Assets |
9.234 |
9.326 |
9.792 |
0.000 |
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
21.192 |
21.802 |
23.029 |
0.000 |
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
3.504 |
3.269 |
3.097 |
0.000 |
|
Depreciation to date |
0.234 |
0.202 |
0.173 |
0.000 |
|
|
|
|
|
|
|
NET
BLOCK |
3.270 |
3.067 |
2.924 |
0.000 |
|
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Investments/ Book Debts. Advances/ Deposits which are not current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investments in sub Cos./ Affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deferred Receivables |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Loans and Advance |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
ASSETS |
24.462 |
24.869 |
25.953 |
0.000 |
|
|
|
|
|
|
|
Tangible Networth |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net Working Capital
|
5.518 |
5.913 |
6.613 |
0.000 |
|
|
|
|
|
|
|
Current Ratio |
1.35 |
1.37 |
1.40 |
0.000 |
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
3.91 |
3.31 |
2.87 |
0.00 |
|
|
|
|
|
|
|
Adjusted TOL/ TNW |
2.06 |
1.84 |
1.82 |
0.00 |
------------------------------------------------------------------------------------------------------------------------------
INVENTORY AND RECEIVABLE
HOLDING LEVELS
(RS
IN MILLIONS)
|
Particulars
|
2011 |
2012 |
2013 |
|
|
Current Year |
Projected |
|
|
Raw Materials |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other consumable spares (Excluding those included 1 above) |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Stock in process |
4.629 |
4.861 |
5.104 |
|
Months cost of production |
0.59 |
0.63 |
0.63 |
|
|
|
|
|
|
Finished goods |
6.985 |
7.329 |
7.690 |
|
Months cost of sales |
0.96 |
0.96 |
0.96 |
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
0.000 |
0.000 |
0.000 |
|
Months domestic sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
0.000 |
0.000 |
0.000 |
|
Months export sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sundry Creditors |
0.450 |
0.515 |
0.542 |
|
(Holding Period in Months) |
0.06 |
0.07 |
0.07 |
|
|
|
|
|
|
Other Creditors |
0.75 |
0.00 |
0.00 |
|
|
|
|
|
|
Other Current Assets |
9.578 |
9.612 |
10.235 |
------------------------------------------------------------------------------------------------------------------------------
ABF ASSESSMENT
(RS.
IN MILLIONS)
|
Particulars |
2011 |
2012 |
2013 |
|
|
Current Year |
Projected |
|
|
|
|
|
|
|
Total CA |
21.192 |
21.802 |
23.029 |
|
|
|
|
|
|
Other CL (Except Bank Borrowings) |
0.525 |
0.515 |
0.542 |
|
|
|
|
|
|
Working Capital Gap |
20.667 |
21.287 |
22.487 |
|
|
|
|
|
|
Net Working Capital (Act. / Proj.) |
5.518 |
5.913 |
6.613 |
|
|
|
|
|
|
Assessed Bank Finance |
15.149 |
15.374 |
15.874 |
|
|
|
|
|
|
NWC to TCA (%) |
26.04 |
27.12 |
28.72 |
|
|
|
|
|
|
Bank Finance to TCA % |
71.48 |
70.52 |
68.93 |
|
|
|
|
|
|
Sundry Creditors to TCA (%) |
2.12 |
2.36 |
2.35 |
|
|
|
|
|
|
Other Closing to TCA (%) |
0.35 |
0.00 |
0.00 |
|
|
|
|
|
|
Investment to Net Sales (Days) |
12.56 |
12.56 |
12.55 |
|
|
|
|
|
|
Receivable to Gross Sales (Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Sundry Creditors to Purchases (Days) |
1.92 |
2.11 |
2.11 |
|
|
|
|
|
|
Total |
9.965 |
10.000 |
10.000 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2012 |
2013 |
2014 |
|
|
Current Year |
Projected |
||
|
(Maximum
Permissible Bank Finance) |
|
|
|
|
|
|
|
|
|
|
|
Total Current Assets |
21.192 |
21.802 |
23.029 |
0.000 |
|
|
|
|
|
|
|
Other current Liabilities (Other than Bank borrowings) |
0.525 |
0.515 |
0.542 |
(15.874) |
|
|
|
|
|
|
|
Working Capital Gap |
20.667 |
21.287 |
22.487 |
15.874 |
|
|
|
|
|
|
|
Min. Stipulated net working capital (25% of WCG) |
5.298 |
5.451 |
5.757 |
0.000 |
|
|
|
|
|
|
|
Actual/ Project Net Working |
5.518 |
5.913 |
6.613 |
0.000 |
|
|
|
|
|
|
|
Item 3 minus item 4 |
15.369 |
15.837 |
16.730 |
15.874 |
|
|
|
|
|
|
|
Item 3 minus item 5 |
15.149 |
15.374 |
15.874 |
15.874 |
|
|
|
|
|
|
|
Maximum permissible bank finance |
15.149 |
15.374 |
15.874 |
15.874 |
|
|
|
|
|
|
|
Excess borrowing representing Shortfall in NWC |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
NAME OF THE
APPLICANT: MR. MALLIKARJUN G. MACHETTY
NAME OF THE GUARANTOR:
MR. RAJNISH M. MACHETTY
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
|
|
|
|
|
Address of the Property with survey No./ Door No. |
1. Sy. No. 34/3 and
34/6, Kapnoor Industrial Area, Humnabad Road, Gulbarga 2.
134/6, Opposite R. S.
Colony, Gulbarga |
Sy. No. 34/3 and
34/6, Kapnoor Industrial Area, Humnabad Road, Gulbarga |
|
|
|
|
|
Description : Land/ Site/ Building |
1.
Factory Land and Building 2.
Residential Open Plot |
Factory Building
|
|
|
|
|
|
Whether Freehold/ Leasehold |
1.
Freehold 2.
Freehold |
Freehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
1.
Commercial (Industrial) 2.
Residential |
Commercial
(Industrial) |
|
|
|
|
|
Mortgaged for availing loan if any, details thereof |
1.
Mortgaged with Syndicate Bank 2.
No |
-- |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.18.145 Millions Rs.1.955 Millions
|
Rs.5.225 Millions |
GOVERNMENT
SECURITIES/ NSC/ NSS ETC
|
Description |
NSC (Security
Deposit) |
NSC (Security
Deposit) |
|
|
|
|
|
Face Value |
0.001 |
0.002 |
|
|
|
|
|
Present Value of
Securities |
0.001 |
0.002 |
VEHICLES OWNED
|
Model/ Make |
Mahindra Logan
Car |
-- |
|
|
|
|
|
Details of loan against vehicles |
Vehicles Loan
with Syndicate Bank |
-- |
|
|
|
|
|
Present Market
Value |
Rs.0.393 Million |
-- |
OTHER ASSETS
|
Furniture and Fixture |
0.215 |
0.029 |
|
|
|
|
|
Cash in Hand |
0.223 |
0.155 |
|
|
|
|
|
Jewellery |
0.220 |
0.200 |
|
|
|
|
|
Plant and Machinery |
5.545 |
-- |
|
|
|
|
|
Other Assets |
12.225 |
-- |
|
|
|
|
|
Total Value of
Other Assets |
18.428 |
0.384 |
|
TOTAL ASSETS |
RS.38.922 MILLIONS |
RS.5.611 MILLIONS |
LIABILITIES
|
Name of the Bank/ Institute |
Syndicate Bank Super Market,
Gulbarga |
-- |
|
|
|
|
|
Nature / Type of Loan |
Term Loan Capital Loan Vehicles Loan |
-- |
|
|
|
|
|
Amount of Loan availed |
3.000 17.500 0.574 |
-- |
|
|
|
|
|
Security offered if any |
Land and Factory
Bridling Land and Factory
Building No |
-- |
|
|
|
|
|
Amount
Outstanding (Total
Liabilities) |
Rs.0.283 Million Rs.16.300 Million Rs.0.294 Million |
-- |
|
NET WORTH |
RS.22.045 MILLIONS |
RS.5.611 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PART – A BASIC
DATA
GENERAL
INFORMATION
|
Purpose of
Valuation |
To assess the present
market value |
|
|
|
|
Name of the
reported owner with |
Kapleshwar Dall
Industries Belonging to Sri
Mallikarjun S/o Gundappa Machetty |
|
|
|
|
Document
produced for perusal |
Sale deed
No.2023/95-96 Dated 02.08.1995 |
|
|
|
|
Brief Description
of the property |
It is a industrial shed located in the
industrial area. The property is dall processing unit consisting of main
shed, chnni shed and office building of the purchased land of 1acre 19 gnnta
bearing Sy. No.34/3, 30 Gunias and part of the land i.e. 1 acre 10 guntasof
Sy No. 34/6 of Kapnoor was converted in to non agriculture for installing
Dall Industry. The property is abducting the Gulbarga –
Humunabad Main Road, and is adjacent for the KIADB industrial layout. |
|
|
|
|
If the report is
to be used for any Bank purpose, state the name of the Bank and Branch. |
Corporation
Bank, super Market, Gulbarga |
|
|
|
|
Description of
the Property |
|
|
Postal Address o
the Property with |
Sy. No. 34/6 and 34/3 Village Kanpoor, Near Bellur
Cross, Gulbarga |
|
|
|
|
Location of the
Property |
|
|
Plot No./ Nagar |
Sy No.34/6 and
34/3 |
|
S.F. No./ T.S.
No. R.S. No. |
Sy No.34/6 and
34/3 Kanpoor |
|
District
Municipality Corporation |
Gulbarga |
|
|
|
|
Boundaries of
the Property |
|
|
East West North South |
Road No.6 of
KIADB P. No.82/3 P. No.106 Road No.3 of
KIADB |
|
|
|
|
Property is
presently Occulted by |
Self |
|
|
|
|
If Occupied by
Both By Assuming the
entire building is let out What is the
probable monthly rent What is the
Advance amount |
Rs.30,000/- Rs. Nil |
|
|
|
|
PART B – LAND Valuation is done for the Non agricultural land only |
|
|
Extent |
2 acres |
|
Extent of site |
2 acres |
|
|
|
|
Characteristics
of the site |
|
|
What is the character
of the locality |
Industrial |
|
What is the
classification of the locality |
Industrial Class
|
|
Road Facilities
are available |
Available |
|
What is the
width of the Road |
100 ft |
|
Any factory
which effect the marketability of the land |
Marketability of
the property is Good |
|
|
|
|
Value of
adopting GLR |
|
|
Guideline rate
as obtained from the registrar office |
Rs.4,68,000/-
acre |
|
Value of the
land adopting GLR |
Rs.9,36,000/- |
|
|
|
|
Value by adopting
PMR Prevailing market rate |
Rs.60,00,000/-
acre to Rs.70,00,000/- acre |
|
|
|
|
Unit rate
adopted the valuation after considering the characteristics of the subject
plot |
Rs.65,00,000/-
acre |
|
|
|
|
Value of land by
adopting PMR 2 acres x Rs.65 laks/ acre |
Rs.13.000
Millions |
|
|
|
|
PART C –
BUILDING |
|
|
Type of
construction |
RCC Columns with
zine sheet roof and GF offices with RCC roof |
|
|
|
|
Quality of
Construction |
1st
class |
|
|
|
|
Appearance of Building
|
Common |
|
|
|
|
Maintenance of
Building |
Good |
|
|
|
|
Plinth Area |
GF 5000 sq. ft.
(Main Shed) GF 2700 sq. ft.
(Husk Shed) GF 160 sq. ft.
(Office) GF 1102 sq. ft.
(Five Shops) Total = 8,962
sq. ft. |
|
Floor |
Year of
Construction |
Roof |
Main Portion A |
Cantilevered Portion B |
Total A + 50% of
B |
|
|
|
|
|
|
|
|
Main Shed |
2007 |
Zine Sheet Roof |
5000 sq. ft. |
-- |
5000 sq. ft. |
|
|
|
|
|
|
|
|
Shed for Husk |
2007 |
Zine Sheet Roof |
2700 sq. ft. |
-- |
2700 sq. ft. |
|
|
|
|
|
|
|
|
Ground Floor Office |
2007 |
RCC |
160 sq. ft. |
-- |
160 sq. ft. |
|
|
|
|
|
|
|
|
GF Shops |
2010 |
RCC |
1102 sq. ft. |
-- |
1102 sq. ft. |
|
|
|
|
|
|
|
|
|
|
Total |
8962 sq. ft. |
-- |
8962 sq. ft. |
|
Permission No
and Date Permission copy issued by GP Aurad (B) Dated 27.11.2006 and Dated
29.04.2010 |
|
|
|
Value of Building
is estimated by adopting suitable unit plinth area rate depending upon the
specification. Depreciation is calculated by straight line method assuming a
salvage value of 10% |
VALUATION OF
BUILDING
|
Description |
Main Shed |
Shed for Husk |
Office GF |
GF Shops |
|
|
|
|
|
|
|
Specification Foundation Floor Finish Superstructure Roof Doors Windows Weathering
Course |
Footing Shahabad Flooring Brick Masonary Zine Sheet Roof R.S. MS and Wood -- |
Footing Shahabad Flooring Brick Masonary Zine Sheet Roof R.S. MS and Wood -- |
Stone Masonary Polish Flooring Brick Masonary RCC Mathi Wood Mathi Wood -- |
Footing Polish Flooring Brick Masonary RCC RS -- -- |
|
|
|
|
|
|
|
Plinth Area |
5000 sq. ft. |
2700 sq. ft. |
160 sq. ft. |
1102 sq. ft. |
|
|
|
|
|
|
|
Year of
Construction |
2007 |
2007 |
2007 |
2010 |
|
|
|
|
|
|
|
Age of Building |
4 years |
4 years |
4 years |
New |
|
|
|
|
|
|
|
Residual Life |
56 years |
56 years |
66 years |
80 years |
|
|
|
|
|
|
|
Total Life |
60 years |
60 years |
70 years |
80 years |
|
|
|
|
|
|
|
Dep. Percentage
(Assuming Salvage Value 10%) |
6% |
6% |
5% |
Nil % |
|
|
|
|
|
|
|
Replacement t
rate of Construction |
Rs.425 sq. ft. |
Rs.325 sq. ft. |
Rs.650 sq. ft. |
Rs.650 sq. ft. |
|
|
|
|
|
|
|
Replacement value |
Rs.2.125
Millions |
Rs.0.878 Million |
Rs.0.104 Million |
Rs.0.716 Million |
|
|
|
|
|
|
|
Dep. Value |
Rs.0.128 Million
|
Rs.0.053 Million
|
Rs.0.005 Million
|
-- |
|
|
|
|
|
|
|
Present Value of
the Building |
Rs.1.998
Millions |
Rs.0.825 Million |
Rs.0.099 Million |
Rs.0.716 Million |
|
|
|
|
|
|
|
Total Value of
the Building |
Rs.3.637
Millions |
|
|
|
PART D – AMENITIES
AND EXTRA ITEMS
(VALUE AFTER
DEPRECIATION)
|
Compound Wall including Rate |
Rs.1.000 Million |
|
|
|
|
Dry Yard 1635 sq. mtrs @ Rs.300/- |
Rs.0.491 Million |
|
|
|
|
Total |
Rs.1.491 Millions |
PART E – SERVICES
(VALUE AFTER DEPRECIATION)
|
Water Supply
arrangements |
-- |
|
Deed bore |
Rs.0.050 Million |
|
|
|
|
Total |
Rs.0.050 Million |
PLANT AND MACHINERY
Mr. Ajit Kothari Approved surveyor, loss
assessor and valuer the value of machinery is taken his assessment
PART F – ABSTRACT
VALUE
|
Description |
Value by
adopting |
|
|
|
GLR Rs. |
PMR Rs. |
|
|
|
|
|
Land |
Rs.0.936 Million |
Rs.13.000 Millions (B) |
|
Building |
|
Rs.3.637 Millions |
|
Amenities |
|
Rs.1.496 Millions |
|
Services |
|
Rs.0.050 Million |
|
Machinery |
|
Rs.4.000 Millions |
|
|
|
|
|
Total |
Rs.22.183
Millions |
|
|
|
|
|
|
Say |
Rs.22.200
Millions |
|
ABSTRACT VALUE
|
Type of Value |
Value |
|
|
|
|
Open Market Value |
Rs.22.200 Millions |
|
Fair Market Value (Realized Value) |
Rs.21.000 Millions |
|
|
|
|
Distress Value |
Rs.1.800 Millions |
|
|
|
|
Govt. Value as
per GLR |
Rs.10.000
Millions |
------------------------------------------------------------------------------------------------------------------------------
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.46.02 |
|
|
1 |
Rs.75.43 |
|
Euro |
1 |
Rs.66.70 |
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 |
4 |
|
--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 |
|
44 |
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.