MIRA
INFORM REPORT
|
Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHIV OM FOOTWEAR |
|
|
|
|
Registered
Office : |
B – 438, 439 Block J. J. Colony, Phase II, Nangloi, New Delhi – 110041
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.12.2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.352 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEVPK3126Q |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of All Kinds of Footwear.
|
|
|
|
|
No. of Employees
: |
42 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietory concern establishing itself gradually.
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 : |
Mr. Ashok Kumar |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9873265474 |
|
Date : |
29.08.2011 |
LOCATIONS
|
Registered/ Head Office/ Factory : |
B – 438, 439 Block J. J. Colony, Phase II, Nangloi, New Delhi –
110041, India |
|
Mobile No.: |
91-9873265474 (Mr. Ashok Kumar) |
|
Area : |
450 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Rajendar Khorwal |
|
Designation : |
Proprietor |
|
Address : |
102 – Bina Enclave, Nangloi, Delhi – 110041, India |
|
Area : |
600 sq. ft. |
|
Location : |
Owned |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Key Executive |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kinds of Footwear.
|
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers · Milan Shoes, Hisar · Kadam Footwear, Jodhpur · Babli Footwear, Palam · Puneet Footwear, Bhiwani |
|
|
|
|
Suppliers : |
· Mamta Traders, Dadri · Shyam Agency, Chirwan · R. D. Agency, Alwar · Kishan Lal and Company, Jaipur |
|
|
|
|
No. of Employees : |
42 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Manoj Karna Chartered Accountant |
|
Address : |
T – Blockn Sharma Market, Noida, India |
|
Tel. No.: |
91-9213238657 |
|
Email : |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT OF MR. RAJINDER KUMAR AS ON 31.03.2011
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
|
|
|
Capital
Introduced |
0.282 |
|
Add: Net Profit
During the Year |
0.070 |
|
|
0.352 |
|
|
|
|
Less: Drawings |
-- |
|
|
|
|
Total |
0.352 |
------------------------------------------------------------------------------------------------------------------------------
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.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.352 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.352 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.352 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.027 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.224 |
|
|
Sundry Debtors |
|
|
0.113 |
|
|
Cash & Bank Balances |
|
|
0.017 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.354 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.029 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.029 |
|
|
Net Current Assets |
|
|
0.325 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.352 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.393 |
|
|
|
Other Income |
|
|
0.404 |
|
|
|
Closing Stock |
|
|
0.224 |
|
|
|
TOTAL |
|
|
1.021 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
0.436 |
|
|
|
Wages and Labour Charges |
|
|
0.325 |
|
|
|
Electricity Expenses |
|
|
0.009 |
|
|
|
Conveyance Expenses |
|
|
0.055 |
|
|
|
Telephone Expenses |
|
|
0.019 |
|
|
|
Salary |
|
|
0.081 |
|
|
|
Other Expenses |
|
|
0.022 |
|
|
|
TOTAL |
|
|
0.947 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.074 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.003 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.071 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
6.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
18.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
18.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
12.21 |
LOCAL AGENCY FURTHER INFORMATION
OBSERVATION
POINTS
|
Name of Company: |
Shiv Om Footwear |
|
|
|
|
Address: |
1] B-438, J J Colony, Phase – 11, Nanglon,
New Delhi – 110041 (Factory) 2] 102, Bina Enclave, Nangloi, New Delhi –
110041 (Resident) |
|
|
|
|
Name Board: |
Not Sighted |
|
|
|
|
Visibility of Name Board: |
-- |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (if any) |
The Factory is located in shoe Market |
|
|
|
|
Approx. Market Value of Premises |
Factory Area 450 Sq. ft. Residential Area 600 Sq. ft. |
|
|
|
|
Area |
Down Market |
------------------------------------------------------------------------------------------------------------------------------
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03. 2010 (Albela
Footcare) |
31.03. 2011 |
31.03. 2012 |
31.03. 2013 |
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
|
|
Actual |
Actual |
Projected |
||||
|
|
|
|
|
||||
|
GROSS INCOME |
|
|
|
|
|
|
|
|
Domestic |
3.736 |
4.652 |
5.000 |
6.000 |
7.500 |
10.000 |
12.000 |
|
Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total |
3.736 |
4.652 |
5.000 |
6.000 |
7.500 |
10.000 |
12.000 |
|
|
|
|
|
|
|
|
|
|
Less: Excise Duty |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Net Sales |
3.736 |
4.652 |
5.000 |
6.000 |
7.500 |
10.000 |
12.000 |
|
|
|
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
24.52 |
7.48 |
20.00 |
25.00 |
33.33 |
20.00 |
|
|
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
-
Indigenous |
2.685 |
2.830 |
3.042 |
3.650 |
4.563 |
6.083 |
7.340 |
|
|
|
|
|
|
|
|
|
|
Others Stores and Spares |
|
|
|
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
-
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Power and Fuel |
0.033 |
0.045 |
0.048 |
0.058 |
0.073 |
0.097 |
0.116 |
|
Direct Wages (Factory Wages and Salaries) |
0.228 |
0.630 |
0.677 |
0.813 |
1.016 |
1.354 |
1.626 |
|
Other Operational Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Depreciation |
0.069 |
0.062 |
0.050 |
0.045 |
0.040 |
0.035 |
0.030 |
|
|
|
|
|
|
|
|
|
|
Sub Total
|
3.015 |
3.567 |
3.818 |
4.566 |
5.692 |
7.569 |
9.112 |
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock-In-Process |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub
Total |
3.015 |
3.567 |
3.818 |
4.566 |
5.692 |
7.569 |
9.112 |
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock-In-Process |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Cost
of Production |
3.015 |
3.567 |
3.818 |
4.566 |
5.692 |
7.569 |
9.112 |
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub
Total |
3.015 |
3.567 |
3.818 |
4.566 |
5.692 |
7.569 |
9.112 |
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
3.015 |
3.567 |
3.818 |
4.566 |
5.692 |
7.569 |
9.112 |
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
0.162 |
0.402 |
0.700 |
0.800 |
1.000 |
1.300 |
1.400 |
|
|
|
|
|
|
|
|
|
|
Sub
Total |
3.177 |
3.969 |
4.518 |
5.366 |
6.692 |
8.869 |
10.512 |
|
|
|
|
|
|
|
|
|
|
Operating Profit before interests |
0.559 |
0.683 |
0.482 |
0.634 |
0.808 |
1.131 |
1.488 |
|
|
|
|
|
|
|
|
|
|
Interests on Term Loan |
0.357 |
0.397 |
0.120 |
0.120 |
0.120 |
0.120 |
0.120 |
|
|
|
|
|
|
|
|
|
|
Operating profit after Interests |
0.202 |
0.286 |
0.363 |
0.514 |
0.688 |
1.010 |
1.368 |
|
|
|
|
|
|
|
|
|
|
Non Operating Income |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Non Operating Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Net
of Non-operating Income and Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
0.202 |
0.286 |
0.363 |
0.514 |
0.688 |
1.011 |
1.368 |
|
|
|
|
|
|
|
|
|
|
Provision for taxes |
-- |
0.003 |
0.004 |
0.005 |
0.007 |
0.011 |
0.025 |
|
|
|
|
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.202 |
0.283 |
0.358 |
0.510 |
03681 |
1.000 |
1.343 |
|
|
|
|
|
|
|
|
|
|
Retained Profit |
0.202 |
0.283 |
0.358 |
0.510 |
0.681 |
1.000 |
1.343 |
|
|
|
|
|
|
|
|
|
|
Retained profit/ Net Profit % age |
100% |
100% |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03. 2010 (Albela
Footcare) |
31.03. 2011 |
31.03. 2012 |
31.03. 2013 |
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
|
|
Actual |
Actual |
Projected |
||||
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
|
|
|
|
i. From Application Bank |
-- |
-- |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
ii. From Other Banks |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB
TOTAL (A) |
-- |
-- |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
|
Short Term Borrowings From Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Sundry Creditors (Trader) |
0.112 |
0.007 |
0.108 |
0.129 |
0.161 |
0.215 |
0.259 |
|
Advances Payment from customers |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Provision For Taxes |
-- |
0.003 |
0.004 |
0.005 |
0.007 |
0.011 |
0.025 |
|
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Other Statutory Liabilities (due within one years) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Installments of term loans and Deferred Payment Credits |
0.300 |
0.300 |
0.300 |
0.222 |
-- |
-- |
-- |
|
Other current Liabilities and Provisions (due within one
years) |
0.034 |
0.027 |
0.040 |
0.050 |
0.060 |
0.080 |
0.150 |
|
|
|
|
|
|
|
|
|
|
SUB
TOTAL (B) |
0.446 |
0.337 |
0.451 |
0.406 |
0.229 |
0.306 |
0.434 |
|
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
0.446 |
0.337 |
1.451 |
1.406 |
1.229 |
1.306 |
1.434 |
|
|
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Redeemable Preference Shares |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Term Loans |
(0.300) |
(0.300) |
(0.300) |
(0.222) |
-- |
-- |
-- |
|
Deferred Payment Credits |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Term Deposit |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Other Term Liabilities |
4.513 |
0.522 |
0.200 |
0.200 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
4.213 |
0.222 |
(0.100) |
(0.022) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
4.659 |
0.559 |
1.351 |
1.384 |
1.228 |
1.306 |
1.434 |
|
|
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
|
Shares Capital |
0.800 |
0.800 |
0.800 |
0.800 |
0.800 |
0.800 |
0.800 |
|
Application Money |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Partner’s Current A/c |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
General Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Revolution Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Reserves and Surplus |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Share Premium Account |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.427 |
0.181 |
0.236 |
0.340 |
0.514 |
0.902 |
1.446 |
|
|
|
|
|
|
|
|
|
|
TOTAL
NET WORTH |
1.227 |
0.981 |
1.036 |
1.140 |
1.314 |
1.702 |
2.246 |
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
5.886 |
1.540 |
2.388 |
2.524 |
2.541 |
3.009 |
3.680 |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.006 |
0.034 |
0.050 |
0.050 |
0.050 |
0.100 |
0.150 |
|
Investments [Other than long term investments] |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Receivables other than deferred and exports |
2.810 |
0.807 |
1.141 |
1.170 |
1.296 |
1.719 |
2.316 |
|
Export receivables |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Government and other Trustee securities |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Fixed deposit with bank |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Domestic receivable Including BP/ BD |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
|
|
|
- Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
- Indigenous |
2.563 |
0.224 |
0.768 |
0.919 |
0.849 |
0.874 |
0.910 |
|
|
|
|
|
|
|
|
|
|
Stock in Process |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Finished Goods |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Other Consumable Spares |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Advances to suppliers |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Advance Payment of Taxes |
-- |
0.003 |
0.004 |
0.005 |
0.007 |
0.011 |
0.025 |
|
Other Current Assets |
-- |
(0.003) |
-- |
-- |
-- |
-- |
0.004 |
|
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
5.379 |
1.065 |
1.963 |
2.144 |
2.201 |
2.704 |
3.405 |
|
|
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
0.576 |
0.606 |
0.606 |
0.606 |
0.606 |
0.606 |
0.606 |
|
Depreciation to date |
0.069 |
0.131 |
0.181 |
0.226 |
0.266 |
0.301 |
0.331 |
|
|
|
|
|
|
|
|
|
|
NET BLOCK
|
0.507 |
0.475 |
0.425 |
0.380 |
0.340 |
0.305 |
0.275 |
|
|
|
|
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in sub |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Advances to suppliers of Capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Investment in Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Other Non-Current Investment |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Intangible Assets |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
5.886 |
1.540 |
2.388 |
2.524 |
2.541 |
3.009 |
3.679 |
|
|
|
|
|
|
|
|
|
|
Tangible Net Worth (TNW) |
1.227 |
0.981 |
1.036 |
1.140 |
1.314 |
1.702 |
2.246 |
|
|
|
|
|
|
|
|
|
|
Net Working Capital (NWC) |
4.933 |
0.728 |
0.512 |
0.738 |
0.974 |
1.397 |
1.970 |
|
|
|
|
|
|
|
|
|
|
Current Ratio |
12.06 |
3.16 |
1.35 |
1.52 |
1.79 |
2.07 |
2.37 |
|
|
|
|
|
|
|
|
|
|
TOL/ TNW |
3.80 |
0.57 |
1.30 |
1.21 |
0.93 |
0.77 |
0.64 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS
IN MILLIONS)
|
Particulars
|
31.03. 2010 (Albela Footcare)
|
31.03. 2011 |
31.03. 2012 |
31.03. 2013 |
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
|
|
Actual |
Actual |
Projected |
||||
|
Raw Materials |
|
|
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
2.563 |
0.224 |
0.768 |
0.919 |
0.849 |
0.874 |
0.910 |
|
Months Consumption |
11.45 |
0.95 |
3.03 |
3.02 |
2.23 |
1.72 |
1.49 |
|
|
|
|
|
|
|
|
|
|
Other consumable spares (Excluding those included 1 above) |
|
|
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
[b] Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months Consumption |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months cost of production |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Finished goods |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months cost of sales |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
2.810 |
0.807 |
1.141 |
1.170 |
1.296 |
1.719 |
2.316 |
|
Months domestic sales |
9.03 |
2.08 |
2.74 |
2.34 |
2.07 |
2.06 |
2.32 |
|
|
|
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Months export sales |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.006 |
0.034 |
0.054 |
0.055 |
0.057 |
0.111 |
0.179 |
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
5.379 |
1.065 |
1.963 |
2.144 |
2.201 |
2.704 |
3.405 |
|
|
|
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.112 |
0.007 |
0.108 |
0.129 |
0.161 |
0.215 |
0.259 |
|
Months Purchases |
1.47 |
0.17 |
0.36 |
0.41 |
0.43 |
0.42 |
0.042 |
|
|
|
|
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Statutory Liabilities |
-- |
0.003 |
0.004 |
0.005 |
0.007 |
0.011 |
0.025 |
|
|
|
|
|
|
|
|
|
|
Other current liability Specify Major Items) Current Loan Inst. |
0.334 |
0.327 |
0.340 |
0.272 |
0.060 |
0.080 |
0.150 |
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
0.446 |
0.337 |
0.451 |
0.406 |
0.229 |
0.306 |
0.434 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE
BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars
|
31.03. 2010 (Albela
Footcare) |
31.03. 2011 |
31.03. 2012 |
31.03. 2013 |
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
|
|
Actual |
Actual |
Projected |
||||
|
I
METHOD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Current Assets |
5.379 |
1.065 |
1.963 |
2.144 |
2.201 |
2.704 |
3.405 |
|
|
|
|
|
|
|
|
|
|
Other current Liabilities (Other than Bank borrowings) |
0.446 |
0.337 |
0.451 |
0.406 |
0.229 |
0.306 |
0.434 |
|
|
|
|
|
|
|
|
|
|
Working Capital Gap |
4.933 |
0.728 |
1.512 |
1.738 |
1.974 |
2.398 |
2.970 |
|
|
|
|
|
|
|
|
|
|
Min. Stipulated net working capital (25% of WCG) |
1.233 |
0.182 |
0.378 |
0.434 |
0.493 |
0.600 |
0.742 |
|
|
|
|
|
|
|
|
|
|
Actual/ Project Net Working |
4.933 |
0.728 |
0.512 |
0.738 |
0.974 |
1.397 |
1.970 |
|
|
|
|
|
|
|
|
|
|
Item 3 minus item 4 |
3.700 |
0.546 |
1.134 |
1.303 |
1.480 |
1.799 |
2.227 |
|
|
|
|
|
|
|
|
|
|
Item 3 minus item 5 |
0.000 |
0.000 |
0.999 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
|
Maximum permissible bank finance |
0.000 |
0.000 |
0.999 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
|
Excess borrowing representing Shortfall in NWC |
(3.700) |
(0.546) |
(0.134) |
(0.303) |
(0.480) |
(0.797) |
(1227) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
II METHOD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Projected Tiru over for the year |
3.736 |
4.652 |
5.000 |
6.000 |
7.500 |
10.000 |
12.000 |
|
|
|
|
|
|
|
|
|
|
GWC (25% of the projected Turnover) |
0.934 |
1.163 |
1.250 |
1.500 |
1.875 |
2.500 |
3.000 |
|
|
|
|
|
|
|
|
|
|
Borrowing Marin higher of 20% of GWC or projected NWC |
0.187 |
0.233 |
0.250 |
0.300 |
0.375 |
0.500 |
0.600 |
|
|
|
|
|
|
|
|
|
|
Permissible Bank Finance |
0.747 |
0.930 |
1.000 |
1.200 |
1.500 |
2.000 |
2.400 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
31.03. 2010 (Albela
Footcare) |
31.03. 2011 |
31.03. 2012 |
31.03. 2013 |
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
|
|
Actual |
Actual |
Projected |
||||
|
SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit After Tax |
0.202 |
0.283 |
0.358 |
0.510 |
0.681 |
1.000 |
1.343 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
0.069 |
0.062 |
0.050 |
0.045 |
0.040 |
0.035 |
0.030 |
|
|
|
|
|
|
|
|
|
|
Increase in Capital |
0.800 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase in Term Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL SOURCES |
1.071 |
0.345 |
0.409 |
0.555 |
0.721 |
1.034 |
1.373 |
|
|
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Decrease in Term Liability |
0.300 |
0.300 |
0.300 |
0.222 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase in |
|
|
|
|
|
|
|
|
-
Fixed Assets |
0.576 |
0.030 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Other |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL USES |
0.876 |
0.330 |
0.300 |
0.222 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
0.195 |
0.015 |
0.109 |
0.332 |
0.721 |
1.034 |
1.373 |
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in current Assets |
5.373 |
(4.308) |
0.898 |
0.215 |
0.077 |
0.537 |
0.721 |
|
|
|
|
|
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
0.446 |
0.337 |
0.451 |
0.406 |
(0.178) |
0.077 |
0.129 |
|
|
|
|
|
|
|
|
|
|
Increase/ decrease Working Capital Gap |
4.933 |
(4.205) |
0.784 |
0.225 |
0.236 |
0.424 |
0.572 |
|
|
|
|
|
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
(4.738) |
4.220 |
(0.675) |
0.107 |
0.485 |
0.611 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase/ (Decrease) in Bank Borrowings |
0.000 |
0.000 |
1.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase/
(Decrease) in Net Sales |
3.736 |
0.916 |
0.348 |
1.000 |
1.500 |
2.500 |
2.000 |
|
|
|
|
|
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Raw Material |
2.563 |
(2.339) |
0.544 |
0.152 |
(0.070) |
0.025 |
0.036 |
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Receivable |
2.810 |
(2.003) |
0.334 |
0.028 |
0.126 |
0.423 |
0.597 |
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Other Current Assets |
0.000 |
0.034 |
0.020 |
0.036 |
0.022 |
0.089 |
0.089 |
------------------------------------------------------------------------------------------------------------------------------
ALBELA FOOTCARE
ABRIDGED BALANCE
SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.633 |
1.227 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.633 |
1.227 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.174 |
3.769 |
|
|
2] Unsecured Loans |
|
0.348 |
0.744 |
|
|
TOTAL BORROWING |
|
0.522 |
4.513 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.155 |
5.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.448 |
0.507 |
|
|
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 |
|
0.000 |
2.563 |
|
|
Sundry Debtors |
|
0.696 |
2.810 |
|
|
Cash & Bank Balances |
|
0.016 |
0.006 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
0.712 |
5.379 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.111 |
|
|
Other Current Liabilities |
|
0.005 |
0.035 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.005 |
0.146 |
|
|
Net Current Assets |
|
0.707 |
5.233 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.155 |
5.740 |
|
PROFIT & LOSS
ACCOUNT
(RS. In MILLIONS)
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3.855 |
3.736 |
|
|
|
Other Income |
|
0.713 |
0.000 |
|
|
|
Closing Stock |
|
0.000 |
2.563 |
|
|
|
TOTAL |
|
4.568 |
6.299 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock |
|
2.563 |
4.332 |
|
|
|
Purchases |
|
0.768 |
0.917 |
|
|
|
Wages |
|
0.305 |
0.228 |
|
|
|
Electricity Expenses |
|
0.013 |
0.033 |
|
|
|
Conveyance Expenses |
|
0.022 |
0.020 |
|
|
|
Telephone Expenses |
|
0.014 |
0.012 |
|
|
|
Salary |
|
0.156 |
0.069 |
|
|
|
Other Expenses |
|
0.453 |
0.417 |
|
|
|
TOTAL |
|
4.294 |
6.028 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.274 |
0.271 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.059 |
0.069 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.215 |
0.202 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME
(MR. RAJINDER
KUMAR)
(RS. IN MILLIONS)
|
Particulars |
2011-12 |
||
|
|
|
|
|
|
Profit an d Gains of Business or Profession |
|
|
|
|
|
|
|
|
|
Net Profit / Loss from Shiv Om Footwear |
0.071 |
0.071 |
|
|
Net Profit / Loss From Albela Footcare |
0.215 |
0.215 |
0.286 |
|
|
|
|
|
|
Gross Total Income |
|
|
0.286 |
|
|
|
|
|
|
Deducted Chapter VI A |
|
|
|
|
80 C |
|
|
|
|
Others |
0.086 |
0.086 |
|
|
80 GG |
|
|
|
|
Rent Paid |
0.034 |
0.014 |
0.100 |
|
|
|
|
|
|
Total Income |
|
|
0.186 |
|
|
|
|
|
|
Rounded off as per Section 288 A |
|
|
0.186 |
|
|
|
|
|
|
Tax on Above |
|
0.003 |
|
|
Add: Education Cess |
|
0.000 |
|
|
|
|
0.003 |
|
|
|
|
|
|
|
Net Tax |
|
0.003 |
|
|
Tax Paid |
|
0.003 |
|
|
|
|
|
|
|
Net Tax |
|
NIL |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME OF THE
APPLICANT: MR. RAJENDER KUMAR KHORWAL
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Particulars |
Applicant |
|
|
|
|
Address of the Property with survey No./ Door No. |
B-438, 439, Block J. J. Colony, Phase – II, Nangloim, New Delhi, India 102, Bina Enclave, Nangloi New Delhi – 1100041, 11011ia |
|
|
|
|
Description : Land/ Site/ Building |
Building Building |
|
|
|
|
Whether Freehold/ Leasehold |
Commercial Residential |
|
|
|
|
Area/ Extent of Land |
450 sq. ft. 600 sq. ft. |
|
|
|
|
Mortgaged for availing loan if any, details thereof |
NA NA |
|
|
|
|
Present Market/
Assessed Value |
Rs.5.200
Millions Rs.4.500
Millions -------------------------- Rs.9.700
Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the
Company/ Firm/ Concern in Which investment is made |
Shiv Om Footwear |
|
|
|
|
Date of
investment |
31.03.2011 |
|
|
|
|
Present Value of
Investment |
Rs.1.000 Million |
LIFE INSURANCE
POLICIES
|
Policy Numbers |
1731834084 Jeevan Anand 122545324 Jeevan Shree |
|
|
|
|
Sum Assured |
Rs.0.600 Million |
|
|
|
|
Surrender Value |
Rs.0.300 Million |
VEHICLES OWNED
|
Model/ Make |
Maruti Zen Estilo |
|
|
|
|
Date of the
Purchased |
December, 2006 |
|
|
|
|
Whether
Hypothecated for Loan |
Hypothecated by Syndicate Bank |
|
|
|
|
Details of loan
against Vehicles |
Rs.0.400 Million |
|
|
|
|
Present Market
Value |
Rs.0.200 Million |
OTHER ASSETS
|
Furniture and
Fixtures |
0.150 |
|
|
|
|
Cash in Hand |
0.020 |
|
|
|
|
Jewellery |
0.150 |
|
|
|
|
Total Value of
Other Assets |
0.320 |
|
TOTAL ASSETS |
RS.11.520
MILLIONS |
LIABILITIES
|
Name of the
Bank/ Institution |
Syndicate bank |
|
|
|
|
Nature/ Type of
Loan |
Term Loan |
|
|
|
|
Date of Loan |
-- |
|
|
|
|
Amount of Loan
availed |
1.000 |
|
|
|
|
Security offered
is any |
NA |
|
|
|
|
AMOUNT
OUTSTANDING (TOTAL
LIABILITIES) |
RS.0.270 MILLION |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Babli Footwears, Rajnagarpalam
(Proprietor Mr. Deepak)
Mobile No.: 91-9868234842
·
Smart Shoes, Najafgarh
Rajiv Kumar
Mobile No.:91-9818779483
· Milan Shoes, Hisar
Mobile No.: 91-9899235456
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Furniture and Fixture
· Pattern
· Pestage Machine
· Tools
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 |
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.