|
Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHUBHSHREE CONSTRUCTION |
|
|
|
|
Registered
Office : |
Flat No. 4 Deccan Sanskruti, Nath Prangan, Opposite Janki Hotel,
Garkheda, Aurangabad - 431005, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Final But Unaudited) |
|
|
|
|
Date of
Incorporation : |
16.08.2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.453 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
BDFPP8718R |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Building Construction with Specialization in Industrial
Construction |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 16000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new proprietory concern having satisfactory
track records. Trade relations are reported to be usually correct. 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.
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 |
INFORMATION PARTED BY
|
Name : |
Mr. C. R. Palwankar |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9370148166 |
LOCATIONS
|
Registered Office : |
Flat No. 4 Deccan Sanskruti, Nath Prangan, Opposite Janki Hotel, Garkheda,
Aurangabad – 431005, Maharashtra, India
|
|
Tel. No.: |
91-240-2243003/ 2452417 |
|
Mobile No.: |
91-9370148166 (Mr. C. R. Palwankar) |
|
Fax No.: |
91-240-2243003 |
|
E-Mail : |
|
|
Area : |
16000 sq. ft |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mrs. Shubhangi C. Palwankar |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
37 years |
KEY EXECUTIVES
|
Name : |
Mr. C. R. Palwankar |
|
Designation : |
Chief Executive Officer |
|
Date of Birth/Age : |
40 years |
BUSINESS DETAILS
|
Line of Business : |
Building Construction with Specialization in Industrial
Construction |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
IDBI Bank, Seven Hill, Jalana Road, Aurangabad, Maharashtra, India ·
Poornawadi Nagrik Sahakari Bank Limited, Jalana Road, Aurangabad, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhartiya Sahuji and Waghmare Associates Chartered Accountant |
|
Address : |
B-3 and 4 Suyash Complex, Kalda Corner, Aurangabad, Maharashtra, India
|
|
Tel. No.: |
91-240-2362530/ 2348191 |
|
E-Mail : |
CAPITAL STRUCTURE
(AS ON 01.04.2011 TO 31.03.2012)
|
Capital Investment : |
Rs. In Millions |
|
Capital –
Shubhangi Palvankar |
0.390 |
|
Income Tax
Refund |
0.063 |
|
|
|
|
Total |
0.453 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
01.04.2011 to
31.03.2012 |
01.04.2010 to
31.03.2011 |
|
|
|
|
(Final
But Unaudited) |
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
|
0.453 |
0.504 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
3.449 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.902 |
0.504 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8.052 |
1.604 |
|
|
2] Unsecured Loans |
|
0.000 |
0.612 |
|
|
TOTAL BORROWING |
|
8.052 |
2.216 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
11.954 |
2.720 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.210 |
0.533 |
|
|
Capital work-in-progress |
|
0.000 |
2.097 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.670 |
0.123 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.910 |
0.000 |
|
|
Sundry Debtors |
|
2.769 |
0.208 |
|
|
Cash & Bank Balances |
|
6.161 |
0.155 |
|
|
Other Current Assets |
|
1.466 |
0.868 |
|
|
Loans & Advances |
|
0.178 |
0.000 |
|
Total
Current Assets |
|
14.484 |
1.231 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
5.941 |
1.072 |
|
|
Other Current Liabilities |
|
0.432 |
0.000 |
|
|
Provisions |
|
1.037 |
0.192 |
|
Total
Current Liabilities |
|
7.410 |
1.264 |
|
|
Net Current Assets |
|
7.074 |
(0.033) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
11.954 |
2.720 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
01.04.2010 to
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
8.160 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
8.160 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
4.196 |
|
|
|
Account writing Charges |
|
|
0.021 |
|
|
|
Conveyance and
Travelling Expenses |
|
|
0.077 |
|
|
|
Design Charges |
|
|
0.005 |
|
|
|
Electricity
Charges |
|
|
0.002 |
|
|
|
Insurance
Charges |
|
|
0.015 |
|
|
|
Legal &
Professional Fees |
|
|
0.019 |
|
|
|
Office Expenses |
|
|
0.032 |
|
|
|
Printing and
Stationery |
|
|
0.016 |
|
|
|
Professional
Fees |
|
|
0.100 |
|
|
|
Rent For Labour
Residence |
|
|
0.033 |
|
|
|
Repairs and
Maintenance |
|
|
0.038 |
|
|
|
Sales Promotion
Expenses |
|
|
0.001 |
|
|
|
Staff and Labour
Welfare |
|
|
0.015 |
|
|
|
Telephone Exp. |
|
|
0.014 |
|
|
|
Testing Charges |
|
|
0.028 |
|
|
|
Vat audit Fees |
|
|
0.008 |
|
|
|
Water Charges |
|
|
0.002 |
|
|
|
Workman Comp.
Insurance |
|
|
0.032 |
|
|
|
Other Expenses |
|
|
2.626 |
|
|
|
TOTAL |
|
|
7.280 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.738 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.054 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
|
0.684 |
|
(FINAL
BUT UNAUDITED PROFIT AND LOSS ACCOUNT)
|
|
PARTICULARS |
|
|
01.04.2011 to
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
46.768 |
|
|
|
Other Income |
|
|
0.004 |
|
|
|
TOTAL |
|
|
46.772 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
27.812 |
|
|
|
Direct Expenses |
|
|
|
|
|
|
City Site (Banglo) |
|
|
0.011 |
|
|
|
Hiring Charges |
|
|
0.020 |
|
|
|
Hiring |
|
|
0.012 |
|
|
|
Hiring Charges Skoda |
|
|
0.520 |
|
|
|
Job Work Charges |
|
|
0.052 |
|
|
|
Job Work Charges – Canpack |
|
|
0.092 |
|
|
|
Labour Charges |
|
|
2.380 |
|
|
|
Labour Charges Can – Pack |
|
|
2.533 |
|
|
|
Labour Charges East - West |
|
|
0.769 |
|
|
|
|
|
|
1.310 |
|
|
|
Labour Charges – Skoda |
|
|
2.991 |
|
|
|
Packing and Forwarding Charges |
|
|
0.002 |
|
|
|
Transportation Exp-East West |
|
|
0.023 |
|
|
|
Transpotation Exp Skoda |
|
|
0.142 |
|
|
|
|
|
|
0.116 |
|
|
|
Water Charges |
|
|
0.011 |
|
|
|
Indirect
Expenses |
|
|
|
|
|
|
Expenses for East West |
|
|
0.062 |
|
|
|
Financial Charges |
|
|
0.324 |
|
|
|
Accounting Charges |
|
|
0.030 |
|
|
|
Cartage |
|
|
0.007 |
|
|
|
Challan Charges |
|
|
0.001 |
|
|
|
Consultancy Charges |
|
|
0.900 |
|
|
|
Conveyance Expenses |
|
|
0.125 |
|
|
|
Discount |
|
|
0.025 |
|
|
|
Drawing and Design Charges |
|
|
0.021 |
|
|
|
Electricity Expenses |
|
|
0.019 |
|
|
|
Insurance |
|
|
0.059 |
|
|
|
Insurance for Staff |
|
|
0.077 |
|
|
|
Interest on PT |
|
|
0.002 |
|
|
|
Interest on Unsecured Loan |
|
|
0.127 |
|
|
|
Legal and Professional Charges |
|
|
0.084 |
|
|
|
Membership Fees |
|
|
0.005 |
|
|
|
Office Expenses |
|
|
0.007 |
|
|
|
Office and Miss Expenses |
|
|
0.026 |
|
|
|
Penalty Paid on PT |
|
|
0.001 |
|
|
|
PF Employee (2012-11) |
|
|
0.014 |
|
|
|
PF Employee (2012-11) |
|
|
0.037 |
|
|
|
PF Employee Contribution |
|
|
0.089 |
|
|
|
Printing and
Stationery |
|
|
0.023 |
|
|
|
Professional
Fees |
|
|
0.019 |
|
|
|
Professional Tax
|
|
|
0.003 |
|
|
|
PT (2010-11) |
|
|
0.006 |
|
|
|
Repairs and
Maintenance |
|
|
0.042 |
|
|
|
Rounding Off |
|
|
0.000 |
|
|
|
Salary |
|
|
1.617 |
|
|
|
Sales
Promontories Expenses |
|
|
0.061 |
|
|
|
Staff Welfare
Expenses |
|
|
0.033 |
|
|
|
Telephone
Expenses |
|
|
0.058 |
|
|
|
Tender Fees |
|
|
0.010 |
|
|
|
Testing Charges |
|
|
0.010 |
|
|
|
Transportation
Expenses |
|
|
0.025 |
|
|
|
Transportation
Expenses Can Pack |
|
|
0.183 |
|
|
|
Travelling
Expenses |
|
|
0.066 |
|
|
|
Vat Audit Fee |
|
|
0.017 |
|
|
|
TOTAL |
|
|
4.215 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
5.085 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.472 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT FOR
THE YEAR |
|
|
4.613 |
|
KEY RATIOS
|
PARTICULARS |
|
|
01.04.2011 to
31.03.2012 |
01.04.2010 to
31.03.2011 |
|
|
|
|
(Final
But Unaudited) |
|
|
PAT / Total Income |
(%) |
|
9.86 |
8.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.86 |
8.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
24.68 |
38.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.18 |
1.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.96 |
6.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.95 |
0.97 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
|
Particulars |
01.04.2011 to
31.03.2012 |
01.04.2010 to 31.03.2011 |
|
|
(Rs. in Millions) |
|
|
|
|
|
|
Sundry Creditors |
5.941 |
1.072 |
|
|
|
|
|
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 two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
TRADE REFERENCE:
·
East West Seeds India Private Limited
·
Skoda Auto India Private Limited
·
Can-Pack India Private Limited
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.51.04 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.