MIRA
INFORM REPORT
|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SRI VENKATESA PACKAGING INDUSTRY |
|
|
|
|
Registered
Office : |
Shed No. B-1, Phase - I, I.D.A., Jeedimetla, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
1976 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.510 Millions |
|
|
|
|
IEC No.: |
0911004271 |
|
|
|
|
TIN No.: |
28320174137 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGPV9299Q |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturers and Suppliers of Corrugated Box. |
|
|
|
|
No. of Employees
: |
120 (Approximately) (Office 20 and Factory 100) |
RATING & COMMENTS
|
MIRAs Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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. Lokesh Kumar (S/O. V. G. Vasantha Kumar Proprietor) |
|
Designation : |
Head Manufacturing |
|
Contact No.: |
91-9866666565 |
|
Date : |
22.05.2012 |
LOCATIONS
|
Registered Office/ Factory (Unit -1) : |
Shed No. B-1, Phase - I, I.D.A., Jeedimetla, Hyderabad 500055,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23095010/ 3713/ 23322556 |
|
Mobile No.: |
91-9866666565 (Mr. Lokesh Kumar, Head Manufacturing) |
|
Fax No.: |
91-40-23093713 |
|
E-Mail : |
|
|
Area : |
15000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory (Unit - 2) : |
Sy. No.217, Kandlakoya Village, Near Ayodya Centre, Medchal Mandal, R R
District, Andhra Pradesh, India |
|
Area : |
25000 sq. ft. |
|
Location : |
Leased |
SOLE PROPRIETOR
|
Name : |
Mr. V. G. Vasantha Kumar |
|
Designation : |
Proprietor |
|
Address : |
House No. 59, Road No.11, Banjara Hills, Hyderabad 500034, Andhra
Pradesh, India |
|
Date of Birth/Age : |
67 years |
|
Qualification : |
B.SC, LLB |
|
Experience : |
30 years |
KEY EXECUTIVES
|
Name : |
Mr. Lokesh Kumar (S/O. V. G. Vasantha Kumar Proprietor) |
|
Designation : |
Head Manufacturing |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Suppliers of Corrugated Box. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Installed Capacity |
Actual Production |
|
|
|
|
|
Corrugated Boxes |
1450 TPM |
750 TPM |
GENERAL INFORMATION
|
No. of Employees : |
120 (Approximately) (Office 20 and Factory 100) |
|
|
|
|
Bankers : |
· State Bank of India Jeedimetla Industrial Area, Hyderabad, Andhra Pradesh, India |
|
|
|
|
Facilities : |
CC: Rs.12.000 Millions, TL; Rs.13.000 Millions (Outstanding) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. V. Raja Rao and Company Chartered Accountant |
|
Tel. No.: |
91-40-66498599 |
CAPITAL STRUCTURE
PROPRIETORS
CAPITAL A/C
|
Particulars |
Amount |
|
|
|
|
V. G. Vasantha Kumar Capital A/c |
Rs.1.196
Millions |
|
V. G. Vasantha Kumar Current A/c |
Rs.9.314
Millions |
|
|
|
|
Total |
Rs.10.510 Millions |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.510 |
8.706 |
7.474 |
|
|
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 |
10.510 |
8.706 |
7.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.801 |
30.890 |
39.132 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
21.801 |
30.890 |
39.132 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Investment Allowances |
0.017 |
0.017 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
32.328 |
39.613 |
46.623 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.818 |
46.832 |
41.546 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.201
|
2.754 |
1.926 |
|
|
Sundry Debtors |
23.686
|
21.225 |
15.799 |
|
|
Cash & Bank Balances |
0.009
|
0.040 |
10.085 |
|
|
Other Current Assets |
0.749
|
0.649 |
0.626 |
|
|
Loans & Advances |
(1.521)
|
0.035 |
0.180 |
|
Total
Current Assets |
23.124
|
24.703 |
28.616 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
36.934
|
28.527 |
22.575 |
|
|
Other Current Liabilities |
1.680
|
3.395 |
0.964 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
38.614
|
31.922 |
23.539 |
|
|
Net Current Assets |
(15.490)
|
(7.219) |
5.077 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.328 |
39.613 |
46.623 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
98.181 |
84.829 |
70.190 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
98.181 |
84.829 |
70.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
76.351 |
60.708 |
49.160 |
|
|
|
Central Excise Cenvat A/c |
2.014 |
1.954 |
2.692 |
|
|
|
Electricity Charges |
0.597 |
0.447 |
0.431 |
|
|
|
Freight |
1.319 |
2.604 |
1.495 |
|
|
|
Printing Charges |
1.470 |
2.742 |
0.698 |
|
|
|
Salaries |
0.356 |
0.468 |
0.535 |
|
|
|
Central Excise Duty |
1.673 |
3.779 |
4.864 |
|
|
|
Office Overheads |
1.026 |
0.791 |
0.440 |
|
|
|
Professional Charges |
0.793 |
0.677 |
0.653 |
|
|
|
Rent and Taxes |
0.043 |
0.034 |
0.033 |
|
|
|
Sales Tax Paid |
1.404 |
0.632 |
0.761 |
|
|
|
Security Service Charges |
0.453 |
0.289 |
0.214 |
|
|
|
Telephone Charges |
0.229 |
0.197 |
0.173 |
|
|
|
Travelling Expenses |
0.454 |
0.215 |
0.139 |
|
|
|
Other Expenses |
6.772 |
6.500 |
5.301 |
|
|
|
TOTAL |
94.954 |
82.037 |
67.589 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.227 |
2.792 |
2.601 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.302 |
0.454 |
0.375 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
2.925 |
2.338 |
2.226 |
|
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 |
(%) |
2.98
|
2.76 |
3.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.98
|
2.76 |
3.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.12
|
3.27 |
3.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.27 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.75
|
7.21 |
8.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.60
|
0.77 |
1.22 |
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 |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoters Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
No |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
SRI
VENKATESA PACKAGING INDUSTRY UNIT 1
PROVISION BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
|
|
|
(Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
56.086 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
56.086 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.035 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
19.035 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
Investment Allowances |
|
|
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
75.138 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
61.282 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.000 |
|
|
Sundry Debtors |
|
|
20.854 |
|
|
Cash & Bank Balances |
|
|
0.120 |
|
|
Other Current Assets |
|
|
(1.418) |
|
|
Loans & Advances |
|
|
(0.246) |
|
Total
Current Assets |
|
|
22.310 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
8.404 |
|
|
Other Current Liabilities |
|
|
0.050 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
8.454 |
|
|
Net Current Assets |
|
|
13.856 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
75.138 |
|
------------------------------------------------------------------------------------------------------------------------------
SRI
VENKATESA PACKAGING INDUSTRY UNIT 2
PROVISION BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
|
|
|
(Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.191 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.191 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
|
|
|
2] Unsecured Loans |
|
|
|
|
|
TOTAL BORROWING |
|
|
0.002 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.193 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
(0.150) |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.000 |
|
|
Sundry Debtors |
|
|
13.567 |
|
|
Cash & Bank Balances |
|
|
0.213 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.237 |
|
Total
Current Assets |
|
|
18.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
14.565 |
|
|
Other Current Liabilities |
|
|
0.109 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
14.674 |
|
|
Net Current Assets |
|
|
3.343 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.193 |
|
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
|
|
|
|
|
|
Domestic Sales |
136.271 |
310.000 |
420.000 |
|
|
|
|
|
|
Less: Excise Duty / Sales Tax |
11.133 |
35.620 |
37.602 |
|
Net Domestic
Sales |
125.138 |
274.380 |
382.398 |
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
|
|
|
|
|
|
Net Sales |
125.138 |
274.380 |
382.398 |
|
(%) |
37.43% |
119.26% |
39.37% |
|
|
|
|
|
|
COST
OF SALES |
|
|
|
|
|
|
|
|
|
Raw Material (Including Stored and Other items used in the process of Manufacture) |
|
|
|
|
Imported |
-- |
-- |
-- |
|
Indigenous |
99.060 |
227.815 |
324.000 |
|
|
|
|
|
|
Power and Fuel |
2.287 |
6.685 |
7.740 |
|
Direct Labour (Factory Wages and Salary) |
0.315 |
2.350 |
3.500 |
|
Other Manufacturing Expenses |
2.532 |
3.125 |
3.350 |
|
Depreciation |
2.621 |
2.300 |
1.926 |
|
|
|
|
|
|
Sub Total |
106.815 |
242.275 |
340.516 |
|
|
|
|
|
|
Add: Opening Stock in Process |
-- |
-- |
-- |
|
|
|
|
|
|
Less : Closing Stock in Process |
-- |
-- |
-- |
|
|
|
|
|
|
Cost
of Production |
106.815 |
242.275 |
340.516 |
|
|
|
|
|
|
Add : Opening Stock of Finished Goods |
0.201 |
7.000 |
12.000 |
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
7.000 |
12.000 |
14.500 |
|
|
|
|
|
|
Sub Total (Total
Cost of Sales) |
100.016 |
237.275 |
338.016 |
|
|
|
|
|
|
Selling, General and Administrative
Expenses |
11.890 |
19.379 |
22.055 |
|
|
|
|
|
|
Operating Profit before Interests
|
13.232 |
17.726 |
22.328 |
|
|
|
|
|
|
Interests |
3.119 |
3.130 |
3.650 |
|
-
Interests on working Capital |
0.881 |
1.310 |
2.390 |
|
-
Interests on Term Loans |
2.238 |
1.820 |
1.260 |
|
|
|
|
|
|
Operating Profit After Interests
|
10.113 |
14.596 |
18.678 |
|
|
|
|
|
|
Other Income/ Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before
Taxes |
10.113 |
14.596 |
18.678 |
|
|
|
|
|
|
Taxation |
-- |
-- |
-- |
|
Dividend |
-- |
-- |
-- |
|
|
|
|
|
|
Net Profit |
10.113 |
14.596 |
18.678 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Provisional) |
(Estimated) |
(Projected) |
|
CURRENT
LIABILITIES |
|
|
|
|
Short Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
From applicant Banks |
0.000 |
0.000 |
0.000 |
|
From Other Banks |
9.273 |
12.884 |
12.799 |
|
Of which BP and BD |
-- |
-- |
-- |
|
|
|
|
|
|
Sub
Total (A) |
9.273 |
12.884 |
12.799 |
|
|
|
|
|
|
Short Term Borrowings from others |
-- |
-- |
-- |
|
Sundry creditors [Trade] |
22.969 |
37.456 |
37.456 |
|
Advance payments from customers/ deposits from dealers |
0.797 |
-- |
-- |
|
Provision of taxes |
-- |
-- |
-- |
|
Dividend Payable |
-- |
-- |
-- |
|
Other Statutory Liabilities (Due within one year) |
-- |
-- |
-- |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc.
(Due within one year) |
4.000 |
4.000 |
4.000 |
|
Other current liabilities and provision (Due within one year) |
0.159 |
0.609 |
0.609 |
|
|
|
|
|
|
Sub
Total (B) |
27.925 |
42.065 |
42.065 |
|
|
|
|
|
|
Total
Current Liabilities |
37.198 |
54.948 |
54.864 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
-- |
-- |
-- |
|
Unsecured Loans from relatives (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
|
Term Loans (Excluding Installment) |
9.153 |
5.053 |
0.000 |
|
Deferred Installment (Due within one year) |
-- |
-- |
-- |
|
Term deposit (repayable one year |
-- |
-- |
-- |
|
Other Term Liabilities |
-- |
-- |
-- |
|
|
|
|
|
|
Total
Term Liabilities |
9.153 |
5.053 |
0.000 |
|
Total
of Outside Liabilities |
46.351 |
60.001 |
54.864 |
|
|
|
|
|
|
Net
Worth |
|
|
|
|
Share Capital Account |
59.277 |
69.921 |
78.716 |
|
General Reserve |
-- |
-- |
-- |
|
Shares Premium Account |
0.017 |
0.000 |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
-- |
-- |
-- |
|
Differed Tax Liability |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL NET WORTH |
59.293 |
69.921 |
78.716 |
|
|
|
|
|
|
TOTAL LIABILITIES |
105.644 |
129.922 |
133.580 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.332 |
0.332 |
0.332 |
|
|
|
|
|
|
Fixed deposit with bank |
0.746 |
0.746 |
0.746 |
|
Receivable Other than Exports |
34.422 |
56.000 |
60.287 |
|
|
|
|
|
|
Installment of deferred receivable (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
INVENTORY: |
|
|
|
|
Raw materials
(including stores and other item used in the process of manufacturing) |
|
|
|
|
Imported |
-- |
-- |
-- |
|
Indigenous |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
|
Finished Goods |
7.000 |
12.000 |
14.500 |
|
Other Consumable Spares |
-- |
-- |
-- |
|
Imported Consumables |
-- |
-- |
-- |
|
Indigenous Consumables |
-- |
-- |
-- |
|
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
0.788 |
0.788 |
0.788 |
|
Advances Payments Taxes |
-- |
-- |
-- |
|
Other current assets |
1.225 |
1.225 |
1.225 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
44.512 |
71.091 |
77.877 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
Gross Block |
63.752 |
61.131 |
58.681 |
|
Depreciation to date |
2.621 |
2.300 |
1.926 |
|
|
|
|
|
|
NET
BLOCK |
61.132 |
58.831 |
56.755 |
|
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
-- |
-- |
-- |
|
Investment in subsidiary company |
-- |
-- |
-- |
|
Others Investment |
-- |
-- |
-- |
|
|
|
|
|
|
Others
Debtors (6 month) |
|
|
|
|
Security Deposits |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Intangible assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
ASSETS |
105.644 |
129.922 |
134.633 |
|
|
|
|
|
|
Tangible Net Worth |
59.293 |
69.921 |
78.716 |
|
|
|
|
|
|
Net Working Capital |
7.314 |
16.143 |
23.014 |
|
|
|
|
|
|
Current
Ratio |
1.20 |
1.29 |
1.42 |
|
|
|
|
|
|
Total
Outside Liabilities/ Tangible Net Worth |
0.78 |
0.86 |
0.70 |
|
ISCR |
5.08 |
6.40 |
6.64 |
|
DSCR |
2.40 |
3.22 |
4.16 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
DETAILS
(As the valuation papers are addressed to the Bank delivered in a sealed
cover, they said they cant provide a copy, but the details are given by the
concerned dealing credit processing Manager Mr. Sumeet)
Mr. Vasantha Kumar (Proprietor)
|
House at Banjara Hills, Hyderabad 500034 = |
Rs.25.000 Millions |
|
Capital Invested in the firm = |
Rs.58.300 Millions (Approx.) |
|
Term Deposits = |
Rs.0.300 Millions |
Mr. Lokesh Kumar (son of the Proprietor)
Agricultural Land of area 25 Acres in
Gudipalli Village, Anantapur, Andhra Pradesh Rs.40.000 Millions
VALUATION DETAILS:
|
1st and Main Unit Value |
Rs.33.706 Millions |
|
Machinery |
Rs.15.000 Millions |
|
Stock and Book Debts |
Rs.40.000 Millions |
|
|
|
|
2nd Unit is under lease |
|
|
|
|
|
3rd Unit Worth |
Rs.46.165 Millions, yet to be registered |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Dr. Reddys Limited
· ITC Foods Division
· Britannia Industries Limited
· Akzo Nobel Paints
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 Intl
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 companys 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.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SCs 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.