|
Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
EASTERN AGRO INDUSTRIES |
|
|
|
|
Registered
Office : |
12-B, Marquis Street, Kolkata – 700016, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment
: |
1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceuticals Chemical and Allied Machinery. |
|
|
|
|
No. of Employees
: |
50 (Approximately) (10 - office and 40 - factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietory concern and it yet to complete its one
full year of operation. Business is active. Payments are unknown. The concern can be considered for business dealing on a safe and
secured trade terms and condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (General Information)
|
Name : |
Mr. Atur Rehman |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9339532088 |
|
Date : |
03.08.2012 |
LOCATIONS
|
Registered Office : |
12-B, Marquis Street, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22523449 |
|
Mobile No.: |
91-9339532088 (Mr. Atur Rehman) |
|
Fax No.: |
91-33-22529552 |
|
E-Mail : |
|
|
|
|
|
Factory/ Shop : |
NH6, Panchla Village and PO Beldubi, District Howrah - 711322, West
Bengal, India |
SOLE PROPRIETOR
|
Name : |
Mr. Atur Rehman |
|
Designation : |
Proprietor |
|
Address : |
Village and PO Beldubi, District Howrah, West Bengal, India |
|
Date of Birth/Age : |
48 years |
|
Qualification : |
BSC |
|
Experience : |
20 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceuticals Chemical and Allied
Machinery. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS
|
Particulars |
Actual Production |
|
|
|
|
Packaging Drinking Water |
5000 Ltrs. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) (10 - Office and 40 - Factory) |
|
|
|
|
Bankers : |
Dena Bank |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Samantho Roy Chartered Accountant |
|
|
|
|
Associates/Subsidiaries : |
· Unikare Pharma Engineers Address: At Panchla, Howrah, West Bengal, India Bank: Dena Bank Nature of Associates Chief Executive Officer |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
No |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
No |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
No |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
No |
|
Incorporation details is applicable |
No |
|
Last Accounts filed at ROC |
No |
|
Major Shareholders, if available |
No |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of
Proprietor/Partner/Director, if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF FINANCIAL REQUIREMENT
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Gross Sales |
8.064 |
28.224 |
32.256 |
32.256 |
32.256 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Sales |
8.064 |
28.224 |
32.256 |
32.256 |
32.256 |
|
|
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
Raw Materials (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
|
Indigenous |
4.695 |
16.432 |
18.779 |
18.779 |
18.779 |
|
|
|
|
|
|
|
|
Other Spares/ Carriage |
0.161 |
0.564 |
0.645 |
0.645 |
0.645 |
|
Power and Fuel |
0.161 |
0.563 |
0.643 |
0.643 |
0.643 |
|
Direct Labour (Factory, wages and salaries) |
0.202 |
0.706 |
0.806 |
0.806 |
0.806 |
|
Repairs and Maintenance |
0.157 |
0.157 |
0.157 |
0.157 |
0.157 |
|
Other Manufacturing Expenses |
0.039 |
0.039 |
0.039 |
0.039 |
0.039 |
|
Depreciation |
0.155 |
0.641 |
0.641 |
0.641 |
0.641 |
|
|
|
|
|
|
|
|
Sub – Total |
5.569 |
19.101 |
21.711 |
21.711 |
21.711 |
|
|
|
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
5.569 |
19.101 |
21.711 |
21.711 |
21.711 |
|
|
|
|
|
|
|
|
Deduct: Closing Stocks in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost of
Production |
5.569 |
19.101 |
21.711 |
21.711 |
21.711 |
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total |
5.569 |
19.101 |
21.711 |
21.711 |
21.711 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
5.569 |
19.101 |
21.711 |
21.711 |
21.711 |
|
|
|
|
|
|
|
|
Interests |
0.598 |
1.373 |
1.322 |
1.181 |
1.041 |
|
General, Administrative and selling Expenses |
1.046 |
3.662 |
4.186 |
4.186 |
41.186 |
|
|
|
|
|
|
|
|
Sub- Total |
13645 |
5.036 |
5.507 |
5.367 |
5.226 |
|
|
|
|
|
|
|
|
Operating Profit |
0.850 |
4.087 |
5.038 |
5.179 |
5.319 |
|
|
|
|
|
|
|
|
Other Income |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Less Expenses |
0.089 |
0.089 |
0.089 |
0.089 |
0.089 |
|
|
|
|
|
|
|
|
Sub Total |
(0.089) |
(0.089) |
(0.089) |
(0.089) |
(0.089) |
|
|
|
|
|
|
|
|
Profit before tax |
0.761 |
3.998 |
4.949 |
5.090 |
5.230 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.049 |
0.868 |
1.139 |
1.202 |
1.262 |
|
|
|
|
|
|
|
|
Net Profit/ loss |
0.712 |
3.130 |
3.811 |
3.887 |
3.968 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
|
|
|
- From Applicant Bank |
3.679 |
4.277 |
4.887 |
4.887 |
4.887 |
|
- From Other Banks |
-- |
-- |
-- |
-- |
-- |
|
(Of which BP and BD) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total (A) |
3.679 |
4.277 |
4.887 |
4.887 |
4.887 |
|
|
|
|
|
|
|
|
Short Term borrowing- others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Creditors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance/ Progress Payments from Customers/ deposits from Dealers,
Selling agents |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits / Installments of Term Loans DPGs/ Debentures/ ECB/ ADR/ GDR (Due
Within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
3.679 |
4.277 |
4.887 |
4.887 |
4.887 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Creditors for Capital Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Loan |
5.800 |
4.832 |
3.864 |
2.896 |
1.928 |
|
|
|
|
|
|
|
|
Deferred sales Tax liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
5.800 |
4.832 |
3.864 |
2.896 |
1.928 |
|
|
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
9.479 |
9.109 |
8.751 |
7.783 |
6.815 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary Share Capital |
3.838 |
3.838 |
3.838 |
3.838 |
3.838 |
|
Share Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserve and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital Redemption Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
0.512 |
3.442 |
7.053 |
10.640 |
14.308 |
|
|
|
|
|
|
|
|
TOTAL NET WORTH |
4.350 |
7.280 |
10.891 |
14.478 |
18.146 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
13.829 |
16.389 |
19.642 |
22.261 |
24.962 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and bank balances |
0.756 |
3.226 |
6.373 |
9.722 |
13.152 |
|
|
|
|
|
|
|
|
Investment |
|
|
|
|
|
|
- Receivables |
2.016 |
2.352 |
2.688 |
2.688 |
2.688 |
|
- Export Receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
2.347 |
2.739 |
3.130 |
3.130 |
3.130 |
|
Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.677 |
0.769 |
0.878 |
0.878 |
0.878 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
5.796 |
9.086 |
13.069 |
16.418 |
19.848 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
7.832 |
7.832 |
7.832 |
7.832 |
7.832 |
|
|
|
|
|
|
|
|
Depreciation to date |
0.155 |
0.796 |
1.437 |
2.078 |
2.718 |
|
|
|
|
|
|
|
|
Net Block |
7.677 |
7.036 |
6.395 |
5.754 |
5.114 |
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment/ Book Debts Advance Deposits, which are not current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Long term investments (In Subsidiaries) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other non Current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL OTHER NON
CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Intangible Assets |
0.356 |
0.267 |
0.178 |
0.089 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL ASSETS |
13.829 |
16.389 |
19.642 |
22.261 |
24.962 |
|
|
|
|
|
|
|
|
Tangible Net worth |
3.994 |
7.013 |
10.713 |
14.389 |
18.146 |
|
|
|
|
|
|
|
|
Net Working Capital |
2.117 |
4.809 |
8.181 |
11.531 |
14.961 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
SOURCES |
|
|
|
|
|
|
Profit Before Tax |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Add: Depreciation |
0.641 |
0.641 |
0.641 |
0.641 |
0.641 |
|
Investment Allowance |
-- |
-- |
-- |
-- |
-- |
|
Gross Fund Generated |
0.641 |
0.641 |
0.641 |
0.641 |
0.641 |
|
Less: Taxes Paid/ Payable |
-- |
-- |
-- |
-- |
-- |
|
Less: Dividend Paid/ Payable |
-- |
-- |
-- |
-- |
-- |
|
Add: Preliminary Expenses |
-- |
-- |
-- |
-- |
-- |
|
A. Sub Total Net
Fund Generated |
0.641 |
0.641 |
0.641 |
0.641 |
0.641 |
|
|
|
|
|
|
|
|
Increase in |
|
|
|
|
|
|
a. Capital |
2.930 |
3.611 |
3.587 |
3.668 |
3.819 |
|
b. TL/Deb/ Def. Payment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c. Public Deposit |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
D Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
2.930 |
3.611 |
3.587 |
3.668 |
3.819 |
|
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
|
a. Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b. Inter Corp Advances |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c. Intangible Assets |
0.089 |
0.089 |
0.089 |
0.089 |
0.000 |
|
D Other non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
0.089 |
0.089 |
0.089 |
0.089 |
0.000 |
|
|
|
|
|
|
|
|
B. Sub Total |
3.019 |
3.700 |
3.676 |
3.757 |
3.819 |
|
|
|
|
|
|
|
|
Increase in Short term bank Borrowing |
0.598 |
0.610 |
0.000 |
0.000 |
0.000 |
|
Increase in Other Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in inventory |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in receivable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
C. Sub Total |
0.598 |
0.610 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL FUND
AVAILABLE |
4.258 |
4.951 |
4.317 |
4.398 |
4.460 |
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
Increase in Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
|
a. TL/Deb/ Def Payment |
0.968 |
0.968 |
0.968 |
0.968 |
0.968 |
|
b. Public Deposit |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c. Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
d. Other Term Liabilities/ Depreciation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Increase in Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in interoperate Advances |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in other current assets
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
D. SUB TOTAL |
0.968 |
0.968 |
0.968 |
0.968 |
0.968 |
|
|
|
|
|
|
|
|
Decrease in short term bank borrowing |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in other current liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Inventory |
0.484 |
0.500 |
0.000 |
0.000 |
0.000 |
|
Increase in receivable |
0.336 |
0.336 |
0.000 |
0.000 |
0.000 |
|
Increase in Other Current Assets |
2.470 |
3.147 |
3.349 |
3.430 |
3.492 |
|
|
|
|
|
|
|
|
E. SUB TOTAL |
3.290 |
3.983 |
3.349 |
3.430 |
3.492 |
|
|
|
|
|
|
|
|
Less: Investment Allow |
-- |
-- |
-- |
-- |
-- |
|
Depreciation |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Balance |
-- |
-- |
-- |
-- |
-- |
|
Add: Dividends Paid/ Payable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL FUND USED |
4.258 |
4.951 |
4.317 |
4.398 |
4.460 |
|
DIFFERENCE |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUMMARY |
|
|
|
|
|
|
Long Term Sources |
3.660 |
4.341 |
4.317 |
4.398 |
4.460 |
|
Less: Long Term Use |
0.968 |
0.968 |
0.968 |
0.968 |
0.968 |
|
Surplus/Shortfall |
2.692 |
3.373 |
3.349 |
3.430 |
3.492 |
|
Short Term Source |
0.598 |
0.610 |
0.000 |
0.000 |
0.000 |
|
Less Short term Use |
3.290 |
3.983 |
3.349 |
3.430 |
3.492 |
|
Surplus/ Shortfall |
(2.692) |
(3.373) |
(3.349) |
(3.430) |
(3.492) |
------------------------------------------------------------------------------------------------------------------------------
CASH
FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
SOURCE OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before Tax |
0.761 |
3.998 |
4.949 |
5.090 |
5.230 |
|
Depreciation |
0.155 |
0.641 |
0.641 |
0.641 |
0.641 |
|
Preliminary and Pre-operating Expenses W/o |
0.089 |
0.089 |
0.089 |
0.089 |
0.089 |
|
Term Loan from Bank |
5.800 |
-- |
-- |
-- |
-- |
|
Increase in Bank Borrowing (CC) |
3.679 |
0.598 |
0.610 |
-- |
-- |
|
Equity |
3.838 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
14.322 |
5.326 |
6.289 |
5.820 |
5.960 |
|
|
|
|
|
|
|
|
DISPOSITION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
7.832 |
-- |
-- |
-- |
-- |
|
Increase in Pre-operating Expenses |
0.445 |
-- |
-- |
-- |
-- |
|
Increase in current Assets |
5.040 |
0.820 |
0.836 |
-- |
-- |
|
Term Loan Repayment |
-- |
0.968 |
0.968 |
0.968 |
0.968 |
|
Drawings |
0.200 |
0.200 |
0.200 |
0.300 |
0.300 |
|
Increase in Capital Expenditure |
-- |
-- |
-- |
-- |
-- |
|
Tax |
0.049 |
0.868 |
1.139 |
1.202 |
1.262 |
|
|
|
|
|
|
|
|
Total |
13.566 |
2.855 |
3.143 |
2.470 |
2.530 |
|
|
|
|
|
|
|
|
Surplus / (Deficit) |
0.756 |
2.470 |
3.147 |
3.349 |
3.430 |
|
Opening Balance |
-- |
0.756 |
3.226 |
6.373 |
9.722 |
|
Closing Balance |
0.756 |
3.226 |
6.373 |
9.722 |
13.152 |
------------------------------------------------------------------------------------------------------------------------------
DEBT
SERVICE COVERAGE RATIO
(RS IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Profit After Tax |
0.712 |
3.130 |
3.811 |
3.887 |
3.968 |
|
Depreciation |
0.155 |
0.641 |
0.641 |
0.641 |
0.641 |
|
Interest on Term Loans |
0.421 |
0.753 |
0.613 |
0.473 |
0.332 |
|
|
1.288 |
4.524 |
5.065 |
5.001 |
4.941 |
|
|
|
|
|
|
|
|
Interests on Term Loans |
0.421 |
0.753 |
0.613 |
0.473 |
0.332 |
|
Repayment of Term Loans |
-- |
0.968 |
0.968 |
0.968 |
0.968 |
|
|
0.421 |
1.721 |
1.581 |
1.441 |
1.300 |
|
|
|
|
|
|
|
|
D.S.C.R. |
3.06 |
2.63 |
3.20 |
3.47 |
3.80 |
|
|
|
|
|
|
|
|
Average D.S.C.R. |
3.55 |
||||
------------------------------------------------------------------------------------------------------------------------------
RATIO
ANALYSIS
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Current Ratio |
1.58 |
2.12 |
2.67 |
3.36 |
4.06 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (TOL/TNW) |
2.18 |
1.25 |
0.80 |
0.54 |
0.38 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (TOL/TNW + Uns. Loan) |
2.18 |
1.25 |
0.80 |
0.54 |
0.38 |
|
|
|
|
|
|
|
|
Gross Profit/ Net Sales % |
30.94 |
32.32 |
32.69 |
32.69 |
32.69 |
|
|
|
|
|
|
|
|
Net Profit/ TNW % |
16.37 |
42.99 |
34.99 |
26.85 |
21.87 |
|
|
|
|
|
|
|
|
Inventory/ Net Sales in days |
136.88 |
45.36 |
45.35 |
45.35 |
45.35 |
|
|
|
|
|
|
|
|
Receivable to gross sale in days |
26.07 |
26.61 |
30.42 |
30.42 |
30.42 |
|
|
|
|
|
|
|
|
Debt Services Coverage Ratio |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Calculation as per Tandon Committee Norm |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets |
5.796 |
9.086 |
13.069 |
16.418 |
19.848 |
|
|
|
|
|
|
|
|
Less: Current Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Working Capital Requirement |
5.796 |
9.086 |
13.069 |
16.418 |
19.848 |
|
|
|
|
|
|
|
|
25% of CA |
1.449 |
2.271 |
3.267 |
4.104 |
4.962 |
|
|
|
|
|
|
|
|
Net Working Capital |
2.117 |
4.809 |
8.181 |
11.531 |
14.961 |
|
|
|
|
|
|
|
|
Working Capital Limit |
3.679 |
4.277 |
4.887 |
4.887 |
4.887 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
COST AND MEANS OF FINANCE
(RS. IN MILLIONS)
|
Particulars |
(Rs. in
Millions) |
|
|
|
|
|
|
Land: |
|
|
|
2 Cottahs on Village, Po- Balchibi , PS-Panchla, District-Howrah. |
Owned |
|
|
|
|
|
|
Factory Building and
Shed: Factory Shed measuring 2000sq.ft on above Land @ Rs.10001 |
|
2.000 |
|
|
|
|
|
Machineries 1.20 Ltrs Pet
strech blow moulding machine for making 20 Ltrs Jars of Best Pack Industries Vat @ 4% |
2.200 0.088 |
2.288 |
|
2. 1 Itr capacity Vat @ 4% |
0.600 0.024 |
0.624 |
|
3. 1000 Itr
capacity water treatment plant including ozonator and RO of Analytica, Kolkata Vat @ 4% |
0.750 0.030 |
0.780 |
|
4. Washing machine and Filling machine of M/S Analitica , Kolkata. Vat @, 4% |
0.200 0.008 |
0.208 |
|
5. 5000 Itr storage tank sintex VAT @ 4% |
0.100 0.004 |
0.104 |
|
6. Borewell filtered with submergible pump VAT @ 4% |
0.200 0.008 |
0.208 |
|
|
|
|
|
Delivery Vans 1. Tata 407 2. Tata Ace |
0.550 0.350 |
0.900 |
|
|
|
|
|
M.F.A Internal and External wiring from Electric Pole Office furniture, computers etc Lab equipments from local markets VAT @ 4% |
0.100 0.100 0.500 0.020 |
0.720 |
|
|
|
|
|
Preliminary and Pre-operative Expenses Interests Drug Construction (IDC) Processing Fees Establishment and Other expenses for 6 Month
Other Expenses |
0.145 0.100 0.150 0.050 |
0.445 |
|
|
|
|
|
Margin for working Capital |
|
1.361 |
|
|
|
|
|
Total |
|
9.638 |
|
|
||
|
Means of Finance |
|
|
|
Term Loan |
|
5.800 |
|
Equity |
|
3.838 |
|
|
|
9.638 |
|
|
|
|
|
Debt/ Equity |
|
1.51 |
|
Promoter’s Contribution (%) |
|
40% |
------------------------------------------------------------------------------------------------------------------------------
CREDIT
FACILITIES (PROPOSED)
|
Type of
Facilities |
Amount (Rs. In
Millions) |
Purpose for
which required |
Security Offered |
|
|
|
|
|
|
|
|
Cash Credit |
3.700 |
Working Capital |
Hypothecation of Current Assets |
No |
|
Term Loan |
5.800 |
Creation of Fixed Assets |
Rs.7.832 Millions |
No |
|
LC/ BG |
-- |
|
|
Yes/ No |
------------------------------------------------------------------------------------------------------------------------------
INTRODUCTION
Mr. Ataur Rahaman is a well experienced businessman presently managing the
manufacturing of Packaging Machines of Pharmaceutical, Chemical and Allied
industries packaging machineries for more than last 35 years in the name and
style of Unikare Pharma Engineers in which his elder brother Mr. Mahboob
Rahaman, Proprietor. It was their family business and the unit is running
successfully.
Recently Mr. Ataur Rahaman has planned to setup a 20Ltrs capacity pet
Jar manufacturing unit along with packaged drinking water to be supplied in
20Ltrs Jars. He has studied the demand for such products in and around Kolkata city and was encouraged to
setup such unit nearer to Kolkata. He
has already acquired land measuring 2 cottahs in Vill and
PO Beldubi, P.S. Panchla 1km from
his existing factory on NH6 Kolkata Mumbai Highway at Panchla Howrah, and is
3kms from S.E. Railway Station 'Nalpur'.
The land is already developed and civil
construction work is under progress. Plant and machinery have been selected
waiting placement of firm order.
There are about 50 such units running in and
around Kolkata and all are running well.
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.56.08 |
|
|
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
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.