MIRA
INFORM REPORT
|
Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
|
SENGAR
INDUSTRIES (w.e.f. April, 2011) |
|
|
|
|
|
Formerly Known
As : |
PSE ENTERPRISES |
|
|
|
|
Registered
Office : |
A-603, Ishwar Apartment, Sector – 12, Dwarka, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.11.1999 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.451 millions |
|
|
|
|
TIN No.: |
07260223914 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAXPS6442H |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Adjust (LH, RH), Recliner (LH and PH),
Zig Zag Spring, Torsional Spring, Lock Liver, C-Ring, Compression Spring,
etc. |
|
|
|
|
No. of Employees
: |
Approximately 25 (In office – 4, In factory – 21) |
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a relatively small concern having satisfactory track. Trade
relations are reported as fair. Business is active. The networth statement
provided seems to be satisfactory. Payment terms are unknown. 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 : |
Karna Manoj and Company |
|
Designation : |
Chartered Accountants |
|
Contact No.: |
91-9213238657 |
|
Date : |
20.08.2011 |
LOCATIONS
|
Registered Office : |
A-603, Ishwar Apartment, Sector – 12, Dwarka, |
|
Tel. No.: |
91-11-25079050 |
|
Mobile No.: |
91-9213238657 (Manoj Kumar Karna and Company-CA) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1535 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Unit I: 14/1, |
|
Tel. No.: |
91-11-25335052 |
|
Fax No.: |
91-11-25335051 |
|
E-Mail : |
|
|
Area : |
3500 sq ft |
|
Location : |
Rented |
|
|
|
|
Factory 2 : |
Unit II: 18/1, |
SOLE PROPRIETOR
|
Name : |
Mr. Awadhesh Kumar Singh |
|
Designation : |
Proprietor |
|
Address : |
A-603, Ishwar Apartment, Sector – 12, Dwarka, |
|
Date of Birth/Age : |
01.07.1964 |
|
Qualification : |
Diploma in Electrical Engineering |
|
Experience : |
20 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Adjust (LH, RH), Recliner (LH and PH), Zig
Zag Spring, Torsional Spring, Lock Liver, C-Ring, Compression Spring, etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
|
|
|
Actual
Production |
|
For Auto
Industry: |
|
|
|
|
|
Spring and Sheet Metal Parts |
|
|
|
6 Lac per month |
|
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : (As on 31.03.2010) |
v
ACE Consultant v
Ajit Paper Company ( v
Ashok K. Mahindra and Company v
Drishti Metals Company v
Sawhney Steels Traders |
|
|
|
|
Customers : (As on 31.03.2011) |
Others v
Electro Hear Engineers v
Hema Engineering Industries Limited v
Netplast Private Limited v
Param Switchgear Private Limited v
Prakash Switchgears v
Radiant Heating Systems Private Limited v
Shree Agrotech Equipments |
|
|
|
|
No. of Employees : |
Approximately 25 (In office – 4, In factory – 21) |
|
|
|
|
Bankers : |
v
Corporation Bank, Vasant Vihar v
HDFC Bank Limited v
v
Axis Bank |
|
|
|
|
Facilities : |
Credit Limit – Rs.0.900 million (Corporation Bank) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karna Manoj and Company Chartered Accountants |
|
Address : |
|
|
|
|
|
Associates/Subsidiaries : |
Param Switchgear
(Private) Limited Address: 81/1, Line of Business: Electrical Goods Manufacturing. |
CAPITAL STRUCTURE
CAPITAL ACCOUNT
(As on 31.03.2011)
|
Particulars |
Amount (Rs.
in millions) |
|
Opening Balance |
0.836 |
|
|
|
|
Add: Capital Introduced |
0.285 |
|
Add: Net Profit during the year |
0.460 |
|
|
1.581 |
|
Less: Drawings |
0.130 |
|
|
|
|
Total |
1.451 |
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] Proprietor’s Capital |
1.451 |
0.836 |
0.940 |
|
|
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 |
1.451 |
0.836 |
0.940 |
|
|
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 |
1.451 |
0.836 |
0.940 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.292 |
0.186 |
0.218 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.599 |
0.176 |
0.070 |
|
|
Sundry Debtors |
0.706 |
0.954 |
1.431 |
|
|
Cash & Bank Balances |
0.030 |
0.166 |
0.064 |
|
|
Other Current Assets |
0.000 |
0.009 |
0.000 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1.335
|
1.305 |
1.565 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.079 |
0.650 |
0.807 |
|
|
Other Current Liabilities & Provisions |
0.097 |
0.005 |
0.036 |
|
Total
Current Liabilities |
0.176 |
0.655 |
0.843 |
|
|
Net Current Assets |
1.159 |
0.650 |
0.722 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.451 |
0.836 |
0.940 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
3.501 |
3.011 |
2.399 |
|
|
|
Other Income |
|
0.016 |
0.004 |
|
|
|
TOTAL |
3.501 |
3.027 |
2.403 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
1.393 |
1.117 |
0.780 |
|
|
|
Consumable, Stores and Spares |
0.125 |
0.115 |
0.105 |
|
|
|
Packing Expenses |
0.089 |
0.075 |
0.063 |
|
|
|
Wages and Labour Charges |
0.520 |
0.585 |
0.572 |
|
|
|
Electricity Expenses |
0.033 |
0.028 |
0.029 |
|
|
|
Job Work Expenses |
0.144 |
0.115 |
0.105 |
|
|
|
Accounting Charges |
0.024 |
0.018 |
0.012 |
|
|
|
Legal and Professional Charges |
0.025 |
0.005 |
0.004 |
|
|
|
Office Expenses |
0.012 |
0.019 |
0.010 |
|
|
|
Printing and Stationery |
0.021 |
0.022 |
0.008 |
|
|
|
Postage and Courier Expenses |
0.002 |
0.006 |
0.004 |
|
|
|
Salary |
0.355 |
0.346 |
0.184 |
|
|
|
Staff Welfare Expenses |
0.038 |
0.022 |
0.012 |
|
|
|
Sales Promotions |
0.033 |
0.019 |
0.012 |
|
|
|
Telephone Expenses |
0.033 |
0.026 |
0.012 |
|
|
|
Other Expenses |
0.132 |
0.136 |
0.113 |
|
|
|
TOTAL |
2.979 |
2.654 |
2.025 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.522 |
0.373 |
0.378 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.062 |
0.032 |
0.038 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
0.460 |
0.341 |
0.340 |
|
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 |
(%) |
13.14
|
11.27 |
14.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
11.33 |
14.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.27
|
22.87 |
19.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.41 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.12
|
0.78 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.59
|
1.99 |
1.86 |
LOCAL AGENCY FURTHER INFORMATION
OBSERVATION POINTS
|
Name of Company: |
SENGAR INDUSTRIES |
|
|
|
|
Address: |
A-603, Ishwar Apartments, Sector-12, Dwarka,
|
|
|
|
|
Tel. Nos.: |
91-9810419104 |
|
|
|
|
Name Board: |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (if any): |
Near Dwarka Sector-13 Metro Station |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Approx. Market Value of Premises: |
Area: 1600 (sq. ft.) |
|
|
|
|
Area: |
Upmarket |
|
|
|
|
Visiting Card Provided as Proof of Visit: |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS
OPERATING
STATEMENT
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
Following year Projections |
Following year Projections |
Following year Projections |
Following year Projections |
Following year Projections |
Following year Projections |
|
|
1. Gross Income |
|
|
|
|
|
|
|
(i) Sales |
7.500 |
15.000 |
18.000 |
21.000 |
25.000 |
30.000 |
|
(ii) Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
Total |
7.500 |
15.000 |
18.000 |
21.000 |
25.000 |
30.000 |
|
|
|
|
|
|
|
|
|
2. Less excise duty |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3. Net Sales (1-2) |
7.500 |
15.000 |
18.000 |
21.000 |
25.000 |
30.000 |
|
|
|
|
|
|
|
|
|
4. Percentage rise (+) or fall (-) In net sales as compared to
previous year |
114.29 |
100.00 |
20.00 |
16.67 |
19.05 |
20.00 |
|
|
|
|
|
|
|
|
|
5. Cost of sales |
|
|
|
|
|
|
|
I) Hire Charges (including stores and other items used in the process
of manufacture) |
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
(b) Indigenous |
2.985 |
5.970 |
7.164 |
8.358 |
9.950 |
11.940 |
|
|
|
|
|
|
|
|
|
ii) Other spares |
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
iii) Power and Fuel |
0.071 |
0.141 |
0.170 |
0.198 |
0.236 |
0.283 |
|
iv) Direct labour (Factory wages and salaries) |
1.116 |
2.233 |
2.679 |
3.126 |
3.721 |
4.466 |
|
v) Other Operational Expenses |
0.765 |
1.530 |
1.836 |
2.142 |
2.550 |
3.060 |
|
vi) Depreciation |
0.673 |
1.192 |
1.009 |
0.872 |
0.737 |
0.500 |
|
|
|
|
|
|
|
|
|
vii) Sub-total
(i to vi) |
5.611 |
11.066 |
12.859 |
14.696 |
17.194 |
20.249 |
|
|
|
|
|
|
|
|
|
viii) Add: Opening stocks-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Sub-Total |
5.611 |
11.066 |
12.859 |
14.696 |
17.194 |
20.249 |
|
|
|
|
|
|
|
|
|
ix) Less: Closing stocks-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
x) Cost of production |
5.611 |
11.066 |
12.859 |
14.696 |
17.194 |
20.249 |
|
xi) Add: Opening stock of finished goods |
-- |
0.231 |
0.464 |
0.548 |
0.626 |
0.732 |
|
|
|
|
|
|
|
|
|
xii) Sub-total |
5.611 |
11.296 |
13.323 |
15.244 |
17.821 |
20.119 |
|
|
|
|
|
|
|
|
|
xiii) Less: Closing stock of finished goods |
0.231 |
0.464 |
0.548 |
0.626 |
0.732 |
0.862 |
|
|
|
|
|
|
|
|
|
xiv) Sub-total
(Total cost of Sales) |
5.380 |
10.832 |
12.776 |
14.617 |
17.088 |
20.119 |
|
|
|
|
|
|
|
|
|
6. Selling, general and administrative expenses |
0.700 |
1.200 |
1.900 |
2.800 |
3.800 |
5.000 |
|
|
|
|
|
|
|
|
|
7. Sub-Total
(5+6) |
6.080 |
12.032 |
14.676 |
17.417 |
20.888 |
25.119 |
|
|
|
|
|
|
|
|
|
8. Operating profit before interest (3-7) |
1.420 |
2.968 |
3.324 |
3.583 |
4.112 |
4.881 |
|
|
|
|
|
|
|
|
|
9. Interest |
0.482 |
0.729 |
0.597 |
0.466 |
0.334 |
0.214 |
|
|
|
|
|
|
|
|
|
10. Operating profit after interest (8-9) |
0.939 |
2.239 |
2.727 |
3.116 |
3.777 |
4.668 |
|
|
|
|
|
|
|
|
|
11. i) Add other non-operating income |
|
|
|
|
|
|
|
(a) Export Incentive |
-- |
-- |
-- |
-- |
-- |
-- |
|
(b) Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
(c) Sub-Total
(Income) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
ii) Deduct other non-operating expenses |
|
|
|
|
|
|
|
(a) |
-- |
-- |
-- |
-- |
-- |
-- |
|
(b) |
-- |
-- |
-- |
-- |
-- |
-- |
|
(c) Sub-Total
(Expenses) |
-- |
-- |
-- |
-- |
-- |
-- |
|
iii) Net of other non-operating income/expenses [net of 11(i) and
11(ii)] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12. Profit before tax/loss [10+11(iii)] |
0.939 |
2.239 |
2.727 |
3.116 |
3.777 |
4.668 |
|
|
|
|
|
|
|
|
|
13. Provision for taxes |
0.056 |
0.157 |
0.192 |
0.367 |
0.499 |
0.699 |
|
|
|
|
|
|
|
|
|
14. Net Profit/Loss (12-13) |
0.882 |
2.083 |
2.535 |
2.750 |
3.278 |
3.968 |
|
|
|
|
|
|
|
|
|
15. a) Equity dividend paid |
0.305 |
0.757 |
0.892 |
1.167 |
1.399 |
1.799 |
|
b) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
16. Retained Profit (14-15a) |
0.577 |
1.326 |
1.643 |
1.583 |
1.878 |
2.169 |
|
|
|
|
|
|
|
|
|
16a. Retained Profit Accumulated |
1.266 |
2.592 |
4.235 |
5.818 |
7.696 |
9.865 |
|
|
|
|
|
|
|
|
|
17. Retained Profit/ Net Profit (%age) |
65% |
64% |
65% |
58% |
57% |
55% |
|
|
|
|
|
|
|
|
|
DSCR |
7.54 |
2.63 |
2.86 |
2.91 |
3.24 |
4.33 |
|
Repayment Installments |
0.207 |
1.240 |
1.240 |
1.240 |
1.240 |
1.033 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
Projections |
Projections |
Projections |
Projections |
Projections |
Projections |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
1. Short-Term borrowings from banks (Including bills purchased, discounted & excess borrowings placed
on repayment basis) |
|
|
|
|
|
|
|
(i) From Applicant Bank |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
(ii) From Other Bank |
-- |
-- |
-- |
-- |
-- |
-- |
|
(iii) Of which BP and BD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Sub-Total (A) |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
2 Short-Term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3. Sundry Creditors (Trade) |
0.169 |
0.339 |
0.406 |
0.474 |
0.564 |
0.677 |
|
|
|
|
|
|
|
|
|
4. Advance payments from customers/ deposits from dealers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
5. Provision for taxation |
0.056 |
0.157 |
0.192 |
0.367 |
0.499 |
0.699 |
|
|
|
|
|
|
|
|
|
6. Dividend payable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
7. Other Statutory Liability (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
8. Deposits/Investments of term loan/ DPGS/ Debentures etc. (due
within one year) |
0.207 |
1.240 |
1.240 |
1.240 |
1.240 |
1.033 |
|
|
|
|
|
|
|
|
|
9. Other current liabilities & Provisions (due within one year) |
0.100 |
0.200 |
0.240 |
0.280 |
0.333 |
0.400 |
|
|
|
|
|
|
|
|
|
Sub-Total (B) |
0.532 |
1.936 |
2.078 |
2.361 |
2.637 |
2.810 |
|
|
|
|
|
|
|
|
|
10. TOTAL
CURRENT LIABILITIES (total of 1 to 9) |
2.032 |
3.436 |
3.578 |
3.861 |
4.137 |
4.310 |
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11. Debentures (Not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12. Preference Shares (redeemable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13. Term loans (excluding installments payable within one year) |
5.993 |
4.753 |
3.513 |
2.273 |
1.033 |
-- |
|
|
|
|
|
|
|
|
|
14. Deferred Payment Credits (excluding installments due within one
year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
15. Term deposits (repayable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
16. Other term liabilities (Unsecured Loans) |
0.900 |
0.900 |
0.900 |
0.900 |
0.900 |
0.900 |
|
|
|
|
|
|
|
|
|
17. TOTAL TERM LIABILITIES
(total of 11 to 16) |
6.893 |
5.653 |
4.413 |
3.173 |
1.933 |
0.900 |
|
|
|
|
|
|
|
|
|
18. TOTAL
OUTSIDE LIABILITIES (10+17) |
8.925 |
9.089 |
7.991 |
7.035 |
6.070 |
5.210 |
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
19. Ordinary Share Capital |
1.917 |
1.917 |
1.917 |
1.917 |
1.917 |
1.917 |
|
|
|
|
|
|
|
|
|
20. General reserve |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
21. Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
22. Other Reserve (excluding provisions) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
23. Surplus (+) or deficit (-) in Profit & Loss Account |
1.291 |
2.617 |
4.260 |
5.842 |
7.721 |
9.890 |
|
|
|
|
|
|
|
|
|
24. NET WORTH |
3.208 |
4.534 |
6.177 |
7.759 |
9.638 |
11.807 |
|
|
|
|
|
|
|
|
|
25. TOTAL
LIABILITIES (18+24) |
12.133 |
13.623 |
14.168 |
14.794 |
15.709 |
17.016 |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26. Cash and bank balances |
0.100 |
0.100 |
0.150 |
0.100 |
0.150 |
0.500 |
|
|
|
|
|
|
|
|
|
27. Investments (other than long term investments) |
|
|
|
|
|
|
|
i) Governments and Other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
ii) Fixed deposits with banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
28. i) Receivables other than deferred & Exports (including bills purchased & discounted by banks) |
2.315 |
3.180 |
3.966 |
4.662 |
5.226 |
5.357 |
|
ii) Exports Receivable (including bills purchased & discounted by
banks) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
29. Installments of deferred receivable (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
30. Inventory |
|
|
|
|
|
|
|
i) Raw materials (including Stores & other items used in the
process of manufacture) |
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
1.511 |
2.994 |
3.593 |
4.192 |
4.990 |
5.988 |
|
|
|
|
|
|
|
|
|
ii) Stock-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
iii) Finished Goods |
0.231 |
0.464 |
0.548 |
0.626 |
0.732 |
0.862 |
|
|
|
|
|
|
|
|
|
iv) Other consumable spares |
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
31. Advances to suppliers of raw materials & stores/spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
32. Advance payment of taxes |
0.056 |
0.157 |
0.192 |
0.367 |
0.499 |
0.699 |
|
|
|
|
|
|
|
|
|
33. Other current assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
34. TOTAL
CURRENT ASSETS (Total of 26 to 33) |
4.213 |
6.895 |
8.447 |
9.947 |
11.599 |
13.407 |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. Gross Block (Land, building machinery, work in progress etc.) |
8.768 |
8.768 |
8.768 |
8.768 |
8.768 |
8.768 |
|
|
|
|
|
|
|
|
|
|
0.849 |
2.040 |
3.049 |
3.921 |
4.658 |
5.158 |
|
|
|
|
|
|
|
|
|
37. Net Block
(35-36) |
7.920 |
6.728 |
5.719 |
4.847 |
4.110 |
3.610 |
|
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38. Investments/book debts/advances/deposits which are not current
assets |
|
|
|
|
|
|
|
i) a) Investment is subsidiary companies/ affiliates |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
ii) Advances to supplier of capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
-- |
|
iii) Deferred receivables (maturity exceeding 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
iv) Other (Security deposit with bank) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
39. Non Consumables stores & spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
40. Other non-current assets including due from directors (Capital
work-in-progress) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
41. TOTAL OTHER
NON-CURRENT ASSETS (Total of 38 to 40) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
42. Intangible assets (patents, goodwill, preliminary and formation
expenses, bad/doubtful debts not provided for, etc.) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
43. TOTAL ASSETS
(Total of 34, 37, 41 & 42) |
12.133 |
13.623 |
14.166 |
14.794 |
15.708 |
17.017 |
|
|
(0.001) |
0.000 |
(0.001) |
(0.000) |
(0.000) |
0.000 |
|
|
|
|
|
|
|
|
|
44. TANGIBLE NET
WORTH (24-42) |
3.208 |
4.534 |
6.177 |
7.759 |
9.638 |
11.807 |
|
|
|
|
|
|
|
|
|
45. NET WORKING CAPITAL [(17+24)-(37+41+42)] |
2.183 |
3.459 |
4.871 |
6.085 |
7.461 |
9.097 |
|
|
|
|
|
|
|
|
|
46. Current Ratio (Items 34/10) |
2.07 |
2.01 |
2.36 |
2.58 |
2.80 |
3.11 |
|
|
|
|
|
|
|
|
|
47. Total Outside Liabilities/Tangible Net Worth (18/42) |
2.78 |
2.00 |
1.29 |
0.91 |
0.63 |
0.44 |
|
|
|
|
|
|
|
|
|
48. DSCR |
7.54 |
2.63 |
2.86 |
2.91 |
3.24 |
4.33 |
|
|
|
|
|
|
|
|
|
49. ADDITIONAL INFORMATION |
|
|
|
|
|
|
|
(a) Arrears of depreciation |
-- |
-- |
-- |
-- |
-- |
-- |
|
(b) Contingent liabilities |
|
|
|
|
|
|
|
i) Arrears of cumulative dividend |
-- |
-- |
-- |
-- |
-- |
-- |
|
ii) Gratuity liability not provided for |
-- |
-- |
-- |
-- |
-- |
-- |
|
iii) Disputed excise/customs/tax liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
iv) Other liabilities not provided for |
-- |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSESTS AND CURRENT LIABILITIES
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
Projections |
Projections |
Projections |
Projections |
Projections |
Projections |
|
|
A. CURRENT ASSETS |
|
|
|
|
|
|
|
1. Raw materials (including stores & others items used in the
process of manufacture) |
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
1.511 |
2.994 |
3.593 |
4.192 |
4.990 |
5.988 |
|
Months consumption |
6.08 |
6.02 |
6.02 |
6.02 |
6.02 |
6.02 |
|
|
|
|
|
|
|
|
|
2. Other consumable spares excluding those included in 1 above |
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months’ consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months’ consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3. Stock-in-process: |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months’ cost of production |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
4. Finished goods. |
0.231 |
0.464 |
0.548 |
0.626 |
0.732 |
0.862 |
|
Months cost of sales. |
0.51 |
0.51 |
0.51 |
0.51 |
0.51 |
0.51 |
|
|
|
|
|
|
|
|
|
5. Receivables other than export & deferred receivable (including bills purchased & discounted by bankers) |
2.315 |
3.180 |
3.966 |
4.662 |
5.226 |
5.357 |
|
Month’s domestic sales |
3.70 |
2.54 |
2.64 |
2.66 |
2.51 |
2.14 |
|
|
|
|
|
|
|
|
|
6. Export Receivables (including bills purchased and discounted by
bankers) |
-- |
-- |
-- |
-- |
-- |
-- |
|
Month’s export sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
7. Advances to suppliers of raw materials & stores/spares
consumables |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
8. Other current assets including cash & Bank balances and
deferred receivables due with in one year |
0.156 |
0.257 |
0.342 |
0.467 |
0.649 |
1.199 |
|
|
|
|
|
|
|
|
|
9. TOTAL CURRENT
ASSETS |
4.213 |
6.895 |
8.447 |
9.947 |
11.599 |
13.407 |
|
|
|
|
|
|
|
|
|
B. CURRENT
LIABILITIES (Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. Creditors for purchase of raw materials, stores & consumables
spares |
0.169 |
0.339 |
0.406 |
0.474 |
0.564 |
0.677 |
|
Month’s purchase |
0.52 |
0.55 |
0.63 |
0.64 |
0.63 |
0.63 |
|
|
|
|
|
|
|
|
|
11. Advances from customers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12. Statutory liabilities |
0.056 |
0.157 |
0.192 |
0.367 |
0.499 |
0.699 |
|
|
|
|
|
|
|
|
|
13. Other Current Liabilities Short Term Borrowings, Unsecured Loans, Dividend payable, Installments
of TL, DPG, Public Deposits, Debentures, etc. |
0.307 |
1.440 |
1.480 |
1.520 |
1.573 |
1.433 |
|
|
|
|
|
|
|
|
|
14. TOTAL |
0.532 |
1.936 |
2.078 |
2.361 |
2.637 |
2.810 |
|
Closing Stock |
1.511 |
2.994 |
3.593 |
4.192 |
4.990 |
5.988 |
|
Add: Consumption |
2.985 |
5.970 |
7.164 |
8.358 |
9.950 |
11.940 |
|
|
4.496 |
8.964 |
10.757 |
12.550 |
14.940 |
17.928 |
|
Less: Opening Stock |
0.599 |
1.511 |
2.994 |
3.593 |
4.192 |
4.990 |
|
Purchases |
3.897 |
7.452 |
7.763 |
8.957 |
10.748 |
12.938 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
Projections |
Projections |
Projections |
Projections |
Projections |
Projections |
|
|
1. Total Current Assets |
4.213 |
6.895 |
8.447 |
9.947 |
11.599 |
13.407 |
|
|
|
|
|
|
|
|
|
2. Other Current liabilities (other than Bank borrowing) |
0.532 |
1.936 |
2.078 |
2.361 |
2.637 |
2.810 |
|
|
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) (1-2) |
3.681 |
4.960 |
6.369 |
7.586 |
8.962 |
10.597 |
|
|
|
|
|
|
|
|
|
4 Minimum Stipulated net Working Capital i.e. 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 the methods) |
0.920 |
1.240 |
1.592 |
1.897 |
2.240 |
2.649 |
|
|
|
|
|
|
|
|
|
5. Actual/projected net Working Capital |
2.183 |
3.459 |
4.871 |
6.085 |
7.461 |
9.097 |
|
|
|
|
|
|
|
|
|
6. Item 3 minus item 4 (excluding working capital term loans) |
2.761 |
3.720 |
4.777 |
5.690 |
6.721 |
7.948 |
|
|
|
|
|
|
|
|
|
7. Item 3 minus item 5 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
8. Maximum permissible bank finance |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
9. Excess borrowings representing shortfall in NWC (Item 4-5) |
(1.262) |
(2.220) |
(3.279) |
(4.189) |
(5.220) |
(6.448) |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW
STATEMENT
(Rs. in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
Projections |
Projections |
Projections |
Projections |
Projections |
Projections |
|
|
1. SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Net profit (after tax) |
0.882 |
2.083 |
2.535 |
2.750 |
3.278 |
3.968 |
|
|
|
|
|
|
|
|
|
b) Depreciation |
0.673 |
1.192 |
1.009 |
0.872 |
0.737 |
0.500 |
|
|
|
|
|
|
|
|
|
c) Increase in capital |
1.200 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
d) Increase in Term Liabilities (including public deposits) |
6.200 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
e) Decrease in |
|
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
g) TOTAL |
9.855 |
3.275 |
3.544 |
3.621 |
4.015 |
4.468 |
|
|
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
b) Decrease in Term Liabilities (including public deposits) |
0.207 |
1.240 |
1.240 |
1.240 |
1.240 |
1.033 |
|
|
|
|
|
|
|
|
|
c) Increase in |
|
|
|
|
|
|
|
i) Fixed Assets |
8.300 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
d) Dividend payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
e) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f) TOTAL |
8.507 |
1.240 |
1.240 |
1.240 |
1.240 |
1.033 |
|
|
|
|
|
|
|
|
|
3. LONG TERM
SURPLUS (+) DEFICIT (-) (1-2) |
1.349 |
2.035 |
2.304 |
2.381 |
2.775 |
3.435 |
|
|
|
|
|
|
|
|
|
4. Increase/ decrease in current assets |
2.888 |
2.703 |
1.688 |
1.621 |
1.870 |
2.057 |
|
|
|
|
|
|
|
|
|
5. Increase/decrease in current liabilities other than bank borrowings |
0.532 |
1.936 |
0.143 |
0.283 |
0.276 |
0.173 |
|
|
|
|
|
|
|
|
|
6. Increase /decrease in working capital gap |
2.542 |
1.278 |
1.409 |
1.217 |
1.376 |
1.636 |
|
|
|
|
|
|
|
|
|
7. Net
surplus(+)/ deficit (-) Difference of (3 & 6) |
(1.194) |
0.756 |
0.895 |
1.165 |
1.400 |
1.801 |
|
|
|
|
|
|
|
|
|
8. Increase/ decrease in Bank borrowings |
1.500 |
-- |
-- |
-- |
-- |
0.000 |
|
|
|
|
|
|
|
|
|
INCREASE /
DECREASE IN NET SALES |
7.500 |
7.500 |
3.000 |
3.000 |
4.000 |
5.000 |
|
|
|
|
|
|
|
|
|
Break
up of [4] |
|
|
|
|
|
|
|
i) Increase / Decrease in raw Materials |
0.912 |
1.482 |
0.599 |
0.599 |
0.798 |
0.998 |
|
|
|
|
|
|
|
|
|
ii) Increase / Decrease stock – in – process |
-- |
-- |
-- |
-- |
-- |
0.000 |
|
|
|
|
|
|
|
|
|
iii) Increase / Decrease in Finished goods |
0.231 |
0.234 |
0.083 |
0.079 |
0.106 |
0.130 |
|
|
|
|
|
|
|
|
|
iii) Increase / Decrease in Receivables |
|
|
|
|
|
|
|
a) Domestic |
1.610 |
0.865 |
0.786 |
0.696 |
0.564 |
0.131 |
|
b) Export |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
v) Increase / Decrease in Store and Spares |
0.135 |
0.122 |
0.220 |
0.247 |
0.401 |
0.798 |
|
|
|
|
|
|
|
|
|
vi) Increase / Decrease in other Current Assets |
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
CALCULATION
OF DEBT SERVICE COVERAGE RATIO (DSCR)
(Rs.
in millions)
|
Particulars |
IST YEAR |
IIND YEAR |
IIIRD YEAR |
IVTH YEAR |
VTH YEAR |
VITH YEAR |
|
|
|
|
|
|
|
|
|
A. Net Profit after taxes |
0.882 |
2.083 |
2.535 |
2.750 |
3.278 |
3.968 |
|
|
|
|
|
|
|
|
|
B. Add: Depreciation added back
|
0.673 |
1.192 |
1.009 |
0.872 |
0.737 |
0.500 |
|
|
|
|
|
|
|
|
|
C. Cash Accruals
(A + B) |
1.554 |
3.275 |
3.544 |
3.622 |
4.015 |
4.468 |
|
|
|
|
|
|
|
|
|
D. Repayments obligation |
0.207 |
1.240 |
1.240 |
1.240 |
1.240 |
1.033 |
|
|
|
|
|
|
|
|
|
|
7.52 |
2.64 |
2.86 |
2.92 |
3.24 |
4.33 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL
INDICATIONS
(Rs.
in millions)
|
Particulars |
Projected 2011-12 |
Projected 2012-13 |
Projected 2013-14 |
Projected 2014-15 |
Projected 2015-16 |
Projected 2016-17 |
|
1. Gross Sales |
7.500 |
15.000 |
18.000 |
21.000 |
25.000 |
30.000 |
|
|
|
|
|
|
|
|
|
2. Net Sales |
7.500 |
15.000 |
18.000 |
21.000 |
25.000 |
30.000 |
|
|
|
|
|
|
|
|
|
3. RM Consumption/ Cost of Production |
53% |
54% |
56% |
57% |
58% |
59% |
|
|
|
|
|
|
|
|
|
4. Salary and Wages/Cost of Production |
20% |
20% |
21% |
21% |
22% |
22% |
|
|
|
|
|
|
|
|
|
5. Cost of Sales/Net Sales |
72% |
72% |
71% |
70% |
68% |
67% |
|
|
|
|
|
|
|
|
|
6. Operating Cost/ Net Sales |
75% |
74% |
71% |
70% |
69% |
67% |
|
|
|
|
|
|
|
|
|
7. Operating Profit |
1.420 |
2.968 |
3.324 |
3.583 |
4.112 |
4.881 |
|
|
|
|
|
|
|
|
|
8. Profit Before Tax |
1.420 |
2.968 |
3.324 |
3.583 |
4.112 |
4.881 |
|
|
|
|
|
|
|
|
|
9. Net Profit |
0.882 |
2.083 |
2.535 |
2.750 |
3.278 |
3.968 |
|
|
|
|
|
|
|
|
|
10. Depreciation |
0.673 |
1.192 |
1.009 |
0.872 |
0.737 |
0.500 |
|
|
|
|
|
|
|
|
|
11. Cash Accruals |
1.555 |
3.275 |
3.544 |
3.622 |
4.015 |
4.468 |
|
|
|
|
|
|
|
|
|
12. Interest |
0.482 |
0.729 |
0.597 |
0.466 |
0.334 |
0.214 |
|
|
|
|
|
|
|
|
|
13. PBDIT |
2.092 |
4.159 |
4.333 |
4.455 |
4.849 |
5.381 |
|
|
|
|
|
|
|
|
|
14. PBDIT/Interest |
4.34 |
5.71 |
7.26 |
9.57 |
14.51 |
25.17 |
|
|
|
|
|
|
|
|
|
15. PBT/Net Sales |
19% |
20% |
18% |
17% |
16% |
16% |
|
|
|
|
|
|
|
|
|
16. Net Profit/Net Sales |
12% |
14% |
14% |
13% |
13% |
13% |
|
|
|
|
|
|
|
|
|
17. Net Profit/ Gross Sales |
12% |
14% |
14% |
13% |
13% |
13% |
|
|
|
|
|
|
|
|
|
18. Total Outside Liabilities |
10.125 |
10.289 |
9.191 |
8.235 |
7.270 |
6.410 |
|
|
|
|
|
|
|
|
|
19. Paid up Capital |
0.717 |
0.717 |
0.717 |
0.717 |
0.717 |
0.717 |
|
|
|
|
|
|
|
|
|
20. Net Worth |
2.008 |
3.334 |
4.977 |
6.559 |
8.438 |
10.607 |
|
|
|
|
|
|
|
|
|
21. TNW |
2.008 |
3.334 |
4.977 |
6.559 |
8.438 |
10.607 |
|
|
|
|
|
|
|
|
|
22. TOL/TNW |
504% |
309% |
185% |
126% |
86% |
60% |
|
|
|
|
|
|
|
|
|
23. Net Profit/ Net Worth |
44% |
62% |
51% |
42% |
39% |
37% |
|
|
|
|
|
|
|
|
|
24. ROCE(PBDIT/Total Assets) |
17% |
31% |
31% |
30% |
31% |
32% |
|
|
|
|
|
|
|
|
|
25. TTL/TNW |
403% |
206% |
113% |
67% |
37% |
20% |
|
|
|
|
|
|
|
|
|
26. Net DSCR (Cash Accrual/ Term Loan Instal.) |
0.753 |
0.264 |
0.286 |
0.292 |
0.324 |
0.433 |
|
|
|
|
|
|
|
|
|
27. Current Assets |
4.213 |
6.895 |
8.447 |
9.947 |
11.599 |
13.407 |
|
|
|
|
|
|
|
|
|
28. Current Liabilities |
2.032 |
3.436 |
3.578 |
3.861 |
4.137 |
4.310 |
|
|
|
|
|
|
|
|
|
29. NWC |
2.183 |
3.459 |
4.871 |
6.085 |
7.461 |
9.097 |
|
|
|
|
|
|
|
|
|
30. Current Ratio |
2.07 |
2.01 |
2.36 |
2.58 |
2.80 |
3.11 |
|
|
|
|
|
|
|
|
|
31.NWC to TCA |
52% |
50% |
58% |
61% |
64% |
68% |
|
|
|
|
|
|
|
|
|
32. Bank Finance to TCA |
1.42 |
0.69 |
0.42 |
0.23 |
0.09 |
-- |
|
|
|
|
|
|
|
|
|
33. Sundry Creditors to TCA |
4% |
5% |
5% |
5% |
5% |
5% |
|
|
|
|
|
|
|
|
|
34. Other Current Liabilities to TCA |
2% |
3% |
3% |
3% |
3% |
3% |
|
|
|
|
|
|
|
|
|
35. NOF (Net Own Fund) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
36. TFD (Total Fund Dep) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
37. NOF/TFD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
LEVELS IN DAYS |
|
|
|
|
|
|
|
a. Inventory |
184.82 |
183.05 |
183.05 |
183.05 |
183.05 |
0.00 |
|
b. Receivables |
112.68 |
77.38 |
80.42 |
81.03 |
76.30 |
0.00 |
|
c. Inventory + Receivable to Sales |
54% |
44% |
45% |
45% |
44% |
41% |
|
d. Sundry Creditors |
20.70 |
20.70 |
20.70 |
20.70 |
20.70 |
20.70 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
SHOWING ASSETS AND LIABILITIES (NET WORTH STATEMENTS)
Name of the Applicant: Mr. Awadhesh Kumar Singh (Proprietor Sengar
Industries)
|
Immovable
Proprieties |
Applicant |
|
Address of the Property with Survey No./ Door No. etc. |
Flat No.A-603, 6th Floor, Ishwar Apartment, Sector – 12 |
|
|
|
|
Description: Land/ Site/ Building |
Building |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Residential |
|
|
|
|
Area/ Extent of Land |
155 sq mtr. |
|
|
|
|
Mortgaged for availing loan if any, details thereof |
-- |
|
|
|
|
Present market/
Assessed value |
Rs.15.000
millions |
|
Investment in
Business Capital |
|
|
Name of the Company/ firm/ concern in which investment is made |
Sengar Industries |
|
|
|
|
Date of Investments |
November, 1999 |
|
|
|
|
Present value of
Investments |
Rs.0.345 million
|
|
Life Insurance
Policies |
Applicant |
|
Policy Number/s |
1115524646 |
|
|
|
|
Type of Policy Endowment/ whole life etc. |
Money Back Policy |
|
|
|
|
Annual Premium |
Rs.0.028 million |
|
|
|
|
Sum Assured |
Rs.0.500 million
|
|
|
|
|
Surrender Value |
Rs.0.100 million
|
|
Vehicles Owned |
|
|
Model/ Make |
Honda City Maruti Esteem |
|
|
|
|
Date of Purchase |
7th October, 2010, October 2002 |
|
|
|
|
Whether Hypothecated for Loan |
Kotak Mahindra |
|
|
|
|
Details of Loan against vehicle |
Rs.0.400 million |
|
|
|
|
Present market
value |
Rs.0.850 million
|
|
|
|
|
Total
|
Rs.1.050
millions |
|
Other Assets: |
|
|
Furniture and Fixtures |
Rs.0.200 million |
|
|
|
|
Cash in Hand |
Rs.0.050 million |
|
|
|
|
Jewellery |
Rs.0.250 million |
|
|
|
|
Other Assets |
Rs.0.220 million |
|
|
|
|
Total value of
Other Assets |
Rs.0.720 million
|
|
TOTAL ASSETS |
Rs.17.715
millions |
LIABILITIES:
|
|
Applicant |
|
Name of the Bank/ Institution |
Corporation Bank, Vasant Vihar |
|
|
|
|
Nature/ Type of Loan |
Cash Credit |
|
|
|
|
Date of Loan |
26.05.2011 |
|
|
|
|
Amount of Loan availed |
Rs.0.900 million |
|
|
|
|
Security offered if any |
Stock and Book debt |
|
|
|
|
Amount
outstanding |
Rs.0.900 million
|
|
NET WORTH
(ASSETS – LIABILITIES) |
Rs.16.815
millions |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
v Furniture and Fixtures
v Fan
v Invertors
v Cellular Phones
v Office Equipment
v Plant and Machinery
v By-Cycle
v Car
v Die and Tools
v Motor Cycle
v Motors
v Scooter
v Computer
------------------------------------------------------------------------------------------------------------------------------
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.45.94 |
|
|
1 |
Rs.74.28 |
|
Euro |
1 |
Rs.64.97 |
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 |
YES |
|
--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.