MIRA
INFORM REPORT
|
Report Date : |
28.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
S. K. IRON PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8/1, |
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|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.04.1960 |
|
|
|
|
Com. Reg. No.: |
21-024613 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920WB1960PTC024613 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS1935R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturers of Nails, Washer i.e. Fasterner Items. |
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|
|
|
No. of Employees
: |
14 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an old and established company having moderate track. There
appears some dip in the sales and profits earned by the company during 2011. The company could achieved minimal sales turnover. There appears some
accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active.
Payment terms are slow. The company can be considered for business dealings with some
cautions. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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
|
Name : |
Mr. Himadri |
|
Designation : |
Accountant |
|
Contact No.: |
91-9831210910 |
|
Date : |
26.11.2012 |
LOCATIONS
|
Registered Office/ Factory : |
8/1, Kumar Para Road, Liluah, Howrah – 711204, West Bengal, India |
|
Tel. No.: |
91-33-26457203 |
|
Mobile No.: |
91-9433520134 (Mr. Birendra Kumar Gupta) 91-9433520133 (Mr. Chandra Bhushan Gupta) 91-9831210910 (Mr. Himadri) |
|
Fax No.: |
91-33-26456162 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
8281.sq. ft. |
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Chandra Bhusan Gupta |
|
Designation : |
Director |
|
Address : |
49, Benaras Road, Howrah – 711101, West Bengal, India |
|
Date of Birth/Age : |
28.02.1978 |
|
Qualification : |
B. Com |
|
Experience : |
12 years |
|
Date of Appointment : |
01.07.1998 |
|
DIN No.: |
00570089 |
|
|
|
|
Name : |
Mrs. Shiv Kumari Gupta |
|
Designation : |
Director |
|
Address : |
49, Benaras Road, Howrah – 711101, West Bengal, India |
|
Date of Birth/Age : |
02.01.1961 |
|
Qualification : |
H.S. |
|
Experience : |
15 years |
|
Date of Appointment : |
01.12.2002 |
|
DIN No.: |
00570074 |
|
|
|
|
Name : |
Mr. Birendra Kumar Gupta |
|
Designation : |
Director |
|
Address : |
49, Benaras Road, Howrah – 711101, West Bengal, India |
|
Date of Birth/Age : |
10.09.1955 |
|
Qualification : |
B. Com |
|
Experience : |
35 years |
|
Date of Appointment : |
25.07.2003 |
|
DIN No.: |
00570041 |
KEY EXECUTIVES
|
Name : |
Mr. Himadri |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chandra Bhusan Gupta |
|
174 |
|
Shiv Kumari Gupta |
|
690 |
|
Birendra Kumar Gupta |
|
136 |
|
|
|
|
|
Total |
|
1000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Nails, Washer i.e. Fasterner Items. |
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Products : |
· Rose Head Nail · Washer and Punch Nut · Door Clamp · Bailing Buckles · Bailing Pin · M.S. Washer · K.K. Brand Rose Nail |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Actual Production |
|
|
|
|
|
Iron Plate/ Sheet |
Kgs. |
210,708.500 |
|
Particulars |
Unit |
Capacity per Annum in case of manufacturer |
|
|
|
|
|
Washer |
Kg. |
60,000 |
|
Boat Nail |
Kg. |
20,000 |
|
Bailing Buckle |
Kg. |
15,000 |
|
Bailing Pin |
Kg. |
45,000 |
|
Pattern Nail |
Kg. |
30,000 |
GENERAL INFORMATION
|
Suppliers : |
· Global Steel · Howrah Coal and Coke · Metropolitan Steel Traders · Subho Enterprises · Survo Trading Company |
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Customers : |
· Simplex Engineering Company · S. P. Trading Company |
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No. of Employees : |
14 (Approximately) |
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Bankers : |
· ICICI Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
S, Basu Roy and Company Chartered Accountant |
|
Address 1: |
5, Siddeshwari Road, Ground Floor, Kolkata – 700029, West Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
· Azad Hind Iron and Engineers Works Address: 49, Benaras Road, Howrah – 711101, West Bengal, India Bank: ICICI Bank Proprietor: Mr. B. R. Gupta |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.657 |
2.657 |
2.656 |
|
|
4] (Accumulated Losses) |
(0.258) |
(0.301) |
(0.334) |
|
|
NETWORTH |
2.499 |
2.456 |
2.422 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.013 |
0.000 |
|
|
2] Unsecured Loans |
1.288 |
1.438 |
1.534 |
|
|
TOTAL BORROWING |
1.288 |
1.451 |
1.534 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.787 |
3.907 |
3.956 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.089 |
2.831 |
2.803 |
|
|
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 |
1.574
|
1.332 |
1.342 |
|
|
Sundry Debtors |
0.182
|
0.303 |
0.281 |
|
|
Cash & Bank Balances |
0.117
|
0.025 |
0.336 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.052
|
0.032 |
0.250 |
|
Total
Current Assets |
1.925
|
1.692 |
2.209 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1.106
|
0.529 |
1.017 |
|
|
Other Current Liabilities |
0.070
|
0.055 |
0.023 |
|
|
Provisions |
0.051
|
0.032 |
0.016 |
|
Total
Current Liabilities |
1.227
|
0.616 |
1.056 |
|
|
Net Current Assets |
0.698
|
1.076 |
1.153 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.787 |
3.907 |
3.956 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7.335 |
5.479 |
6.031 |
|
|
|
Other Income |
0.000 |
0.000 |
0.043 |
|
|
|
TOTAL |
7.335 |
5.479 |
6.074 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
6.780 |
4.370 |
|
|
|
|
Change in inventories of Finished Goods, work in Progress and stock in
Trade |
(0.687) |
0.089 |
6.010 |
|
|
|
Employee Benefit Expenses |
0.209 |
0.185 |
|
|
|
|
Other Expenses |
0.894 |
0.758 |
|
|
|
|
TOTAL |
7.196 |
5.402 |
6.010 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.139 |
0.077 |
0.064 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.077 |
0.029 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.062 |
0.048 |
0.055 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.019 |
0.015 |
0.017 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.043 |
0.033 |
0.038 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
43.00 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.59
|
0.60 |
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85
|
0.88 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.23
|
1.06 |
1.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.07
|
0.84 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57
|
2.75 |
2.09 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF FINANCIAL REQUIREMENT
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2013 |
2014 |
|
|
(Estimated) |
(Projected) |
|
Gross Sales |
|
|
|
Domestic Sales |
9.600 |
12.500 |
|
Export Sales |
0.000 |
0.000 |
|
Total |
9.600 |
12.500 |
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
9.600 |
12.500 |
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
30.88% |
30.21% |
|
|
|
|
|
Cost of Sales |
|
|
|
Raw Materials (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
Imported |
8.659 |
10.419 |
|
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Other Spares/ Carriage |
|
|
|
Imported |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
0.350 |
0.400 |
|
Direct Labour (Factory, wages and salaries) |
0.200 |
0.250 |
|
Repairs and Maintenance |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.060 |
0.060 |
|
Depreciation |
0.067 |
0.057 |
|
|
|
|
|
Sub – Total |
9.336 |
11.186 |
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
0.000 |
|
|
|
|
|
Total |
9.336 |
11.186 |
|
|
|
|
|
Deduct: Closing Stocks in Process |
0.000 |
0.000 |
|
|
|
|
|
Cost of
Production |
9.336 |
11.186 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
1.079 |
1.900 |
|
|
|
|
|
Sub Total |
10.415 |
13.086 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
1.900 |
2.000 |
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
8.515 |
11.086 |
|
|
|
|
|
General, Administrative and selling Expenses |
0.715 |
0.859 |
|
|
|
|
|
Sub- Total |
9.230 |
11.945 |
|
|
|
|
|
Operating Profit before Interests |
0.370 |
0.555 |
|
|
|
|
|
Interests |
0.200 |
0.325 |
|
|
|
|
|
Operating Profit After Interests |
0.170 |
0.230 |
|
|
|
|
|
Add: Other Non-operating
Income |
|
|
|
Sale of Fixed Assets |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
|
Sub Total
(Income) |
0.000 |
0.000 |
|
|
|
|
|
Deduct: Other
Non-operating Expenses |
|
|
|
Miscellaneous Expenses |
0.000 |
0.000 |
|
W.O. of Preliminary and Pre-operative Expenses |
0.000 |
0.000 |
|
Sub Total
(Expenses) |
0.000 |
0.000 |
|
|
|
|
|
Net of Other
non-operating income/ Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit before tax |
0.170 |
0.230 |
|
|
|
|
|
Provision for taxes |
0.050 |
0.070 |
|
|
|
|
|
Net Profit/ loss |
0.120 |
0.160 |
|
|
|
|
|
Equity Dividend Paid amount (Already paid + B.S. Provision) |
0.000 |
0.000 |
|
|
|
|
|
Retained Profit |
0.120 |
0.160 |
|
|
|
|
|
Retained Profit/ Net profit (%) |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2013 |
2014 |
|
|
(Estimated) |
(Projected) |
|
LIABILITIES |
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
- From State Bank of India |
2.500 |
2.500 |
|
- From Other Banks |
0.000 |
0.000 |
|
(Of which BP and BD) |
|
|
|
|
|
|
|
Sub Total (A) |
2.500 |
2.500 |
|
|
|
|
|
Short Term borrowing- others |
0.000 |
0.000 |
|
Sundry Creditors |
0.700 |
0.800 |
|
Advance/ Progress Payments from Customers/ deposits from Dealers,
Selling agents |
0.000 |
0.000 |
|
Provision for taxation |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
|
Deposits / Installments of Term Loans DPGs/ Debentures/ ECB/ ADR/ GDR
(Due Within One Year) |
0.000 |
0.000 |
|
Other Current Liabilities |
0.063 |
0.091 |
|
|
|
|
|
SUB TOTAL (B) |
0.813 |
0.961 |
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
3.313 |
3.461 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
|
|
|
|
Creditors for Capital Goods |
0.000 |
0.000 |
|
|
|
|
|
Term Loan |
0.000 |
0.000 |
|
|
|
|
|
Deferred sales Tax liabilities |
0.000 |
0.000 |
|
|
|
|
|
Term Deposits |
0.000 |
0.000 |
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
|
|
|
|
|
TOTAL TERM
LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
3.313 |
3.461 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Ordinary Share Capital |
0.400 |
0.550 |
|
Share Deposits |
0.000 |
0.000 |
|
Reserve and Surplus |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
|
Capital Redemption Reserve |
0.000 |
0.000 |
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
2.519 |
2.679 |
|
Unsecured Loans |
1.280 |
1.280 |
|
|
|
|
|
TOTAL NET WORTH |
4.199 |
4.509 |
|
|
|
|
|
TOTAL
LIABILITIES |
7.512 |
7.970 |
|
|
|
|
|
ASSETS |
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and bank balances |
0.040 |
0.005 |
|
|
|
|
|
Investment |
|
|
|
- Receivables |
0.250 |
0.225 |
|
- Export Receivables |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials (Indigenous) |
1.600 |
1.700 |
|
Stock in Process |
0.000 |
0.000 |
|
Finished Goods |
1.900 |
2.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.100 |
0.150 |
|
Other Current Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
3.890 |
4.080 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross Block |
3.089 |
3.022 |
|
|
|
|
|
Depreciation to date |
0.067 |
0.057 |
|
|
|
|
|
Net Block |
3.022 |
2.965 |
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
Investment/ Book Debts Advance Deposits, which are not current Assets |
0.600 |
0.925 |
|
Long term investments (In Subsidiaries) |
0.000 |
0.000 |
|
Other non Current assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL OTHER NON
CURRENT ASSETS |
0.600 |
0.925 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL ASSETS |
7.512 |
7.970 |
|
|
|
|
|
Net Working Capital |
0.577 |
0.619 |
|
|
|
|
|
Current Ratio |
1.17 |
1.18 |
|
|
|
|
|
Tangible Net worth |
4.199 |
4.509 |
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
worth |
0.79 |
0.77 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
|
|
(Estimated) |
(Projected) |
|
SOURCES |
|
|
|
Net Profit (After Tax) |
0.120 |
0.160 |
|
Depreciation |
0.067 |
0.057 |
|
Increase in Capital |
0.300 |
0.150 |
|
Increase in TL. Including Public Deposits |
0.000 |
0.000 |
|
Decrease in |
|
|
|
-
Fixed Assets |
0.077 |
0.067 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
|
|
|
|
|
Total |
0.564 |
0.434 |
|
|
|
|
|
USES |
|
|
|
Net Loss |
0.000 |
0.000 |
|
Decrease Term Liabilities including Public Deposits |
0.000 |
0.000 |
|
Increase in |
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.600 |
0.325 |
|
|
|
|
|
Dividend Payment |
0.000 |
0.000 |
|
Others |
0.008 |
0.000 |
|
|
|
|
|
Total |
0.608 |
0.325 |
|
|
|
|
|
|
|
|
|
SUMMARY |
|
|
|
Long Term Surplus/ Deficit |
(0.044) |
0.109 |
|
Increase/ decrease in current Assets |
1.965 |
0.190 |
|
Increase/ decrease in Cl. Other than BB |
(0.414) |
0.148 |
|
Increase/ decrease in WC Gap |
2.379 |
0.042 |
|
Net Surplus (+) Deficit (-) |
(2.423) |
0.067 |
|
Increase/ decrease in Bank Borrowings |
2.500 |
0.000 |
|
|
|
|
|
|
|
|
|
Long Term Sources |
0.564 |
0.434 |
|
Long Term Uses |
0.608 |
0.325 |
|
Surplus/ Deficit |
(0.044) |
0.109 |
|
|
|
|
|
|
|
|
|
Movement of TNW |
|
|
|
|
|
|
|
Opening Balance |
3.787 |
4.199 |
|
Add |
|
|
|
Profit/ Loss After Tax |
0.120 |
0.160 |
|
Increase in Capital |
0.300 |
0.150 |
|
Decrease in Intangible Assets |
0.000 |
0.000 |
|
Others |
(0.008) |
0.000 |
|
|
|
|
|
Less |
|
|
|
Div Paid (Including Tax) Withdrawals |
0.000 |
0.000 |
|
|
|
|
|
TNW |
4.199 |
4.509 |
------------------------------------------------------------------------------------------------------------------------------
CREDIT FACILITIES (EXISTING)
|
Type of
Facilities |
Limits (In Millions) |
Outstanding |
Presently
Banking With |
Security Lodged |
Repayment Terms |
|
|
|
|
|
|
|
|
Current Account |
Rs.0.200 Million |
As per A/c |
ICICI, Howrah |
Nil |
On Demand |
CREDIT FACILITIES (PROPOSED)
|
Type of
Facilities |
Amount (In Millions) |
Purpose which
required |
Security Lodged |
|
|
Primary Security (Details with
approx. Value to be mentioned) |
Whether
Collateral Security Offered (Please Mention
Yes or no) |
|||
|
|
|
|
|
|
|
Cash Credit |
Rs.2.500 Millions |
For Working Capital |
Stock and B/Debts |
Yes |
------------------------------------------------------------------------------------------------------------------------------
OPERATIONS
The company’s turnover during the year is more
or less satisfactory. The directors are hopeful about increase in turnover
during the subsequent years.
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Factory Shed
· Plant and Machinery
· Electric Motor
· Blower
· Tools and Implement
· Tubewel
· Electric Installation
· Wall Clock
· Furniture
· Cycle
· Electric Fan
· Motor Cycle
· 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.55.70 |
|
|
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.