MIRA
INFORM REPORT
|
Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MODI ALLOYS AND METALICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Badinpur, P. O. Mandi Gobindgarh, Teh. Amloh, Mandi Gobindgarh
– 147301, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.01.2013 (Provisional) |
|
|
|
|
Date of
Incorporation : |
09.09.2008 |
|
|
|
|
Com. Reg. No.: |
032267 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.191 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100PB2008PTC032267 |
|
|
|
|
IEC No.: |
3011000140 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLM14547B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM7577C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Iron and Steels. |
|
|
|
|
No. of Employees
: |
65 (Approximately) (Office – 5 and Factory – 60) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Recently commenced business activities |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Even though the subject was incorporated during September 2008, it has
recently commenced its business activities during August, 2012. The company is engaged in the business of Trading of Iron and Steels.
It has achieved minimal turnover during 2012. Trade relations are reported as improving. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings with some
caution. |
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. Rohit Modi |
|
Designation : |
Director |
|
Contact No.: |
91-9814155079 |
|
Date : |
10.04.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Village Badinpur, P.O. Mandi Gobindgarh, Teh. Amloh, Mandi Gobindgarh
– 147301, Punjab, India |
|
Tel. No.: |
91-7355007900 |
|
Mobile No.: |
91-9814155079 (Mr. Rohit Modi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. (Factory – 61200 sq. ft.) |
|
Location : |
Leased |
DIRECTORS
(AS ON 31.03.2012)
|
Name : |
Mr. Rohit Modi |
|
Designation : |
Director |
|
Address : |
Subash Nagar, Gobindgarh, Punjab, India |
|
Date of Birth/Age : |
18.05.1976 |
|
Qualification : |
Graduate |
|
Experience : |
17 years |
|
|
|
|
Name : |
Mrs. Neeru Modi |
|
Designation : |
Director |
|
Address : |
Subash Nagar, Gobindgarh, Punjab, India |
|
Date of Birth/Age : |
26.07.1980 |
|
Qualification : |
Graduate |
|
Experience : |
8 years |
|
|
|
|
Name : |
Mrs. Seema Modi |
|
Designation : |
Director |
|
Address : |
Subash Nagar, Gobindgarh, Punjab, India |
|
Date of Birth/Age : |
15.02.1977 |
|
Qualification : |
Graduate |
|
Experience : |
12 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.01.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rohit Modi |
|
622000 |
|
Neeru Modi |
|
369500 |
|
Seema Modi |
|
265000 |
|
Rakesh Modi |
|
107300 |
|
Ramesh Modi |
|
110400 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Iron and Steels. |
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|
|
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Imports : |
|
|
Products : |
Iron and Steel Scrap |
|
Countries : |
· UAE · South Africa · Bahrain |
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|
|
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Terms : |
|
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Selling : |
Credit (15 days) |
|
|
|
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Purchasing : |
Credit (15 days) |
PRODUCTION STATUS (AS ON 31.01.2013)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Ingot Furnace |
MT |
NA |
21600 |
10800MT (In 8 Months) |
GENERAL INFORMATION
|
Suppliers : |
· Alzarooni Alkhawaza Gen Trading Company (LLC) · Rakesh Industries · B D Gupta and Sons · R K Steel Industries · Nexus International · S. P. Alloys · P. D. Alloys Private Limited · Jindal Metal and Alloys · Maha Prabhu Steel Private Limited |
|
|
|
|
Customers : |
Wholesalers · Mamata Steel Corporation · Aggarwal Ispat Udyog · S. P. Castings · Prabhu Steel and Industries · Fortune Metals Limited · Shree Neelkanth Mahadev Steel · Bansal Iron and Steel Rolling Mills · Goyal Steel Traders · May Fair Overseas · G. I. Sales Corporation · Raghav Steel Company · ANJ Metal Recycling Private Limited |
|
|
|
|
No. of Employees : |
65 (Approximately) (Office – 5 and Factory – 60) |
|
|
|
|
Bankers : |
· Union Bank of India Mandi Gobindgarh, Punjab, India · HDFC Bank |
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|
|
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rajesh Sudhir and Company Chartered Accountant |
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|
Address : |
Kelley Building, Loha Bazar, Mandi Gobindgarh – 147301, Punjab, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Tel. No.: |
91-1765-253215 |
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Mobile No.: |
91-9779155552 |
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Associates : |
---------------------------------------------------------------------------------------------------------
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CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
407600 |
Equity Shares |
Rs.10/- each |
Rs.4.076
Millions |
|
|
|
|
|
(AS ON 31.01.2013
– Provisional)
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.14.191 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.01.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.191 |
4.076 |
0.500 |
|
|
2] Share Application Money |
6.504 |
0.000 |
1.970 |
|
|
3] Reserves & Surplus |
2.774 |
6.508 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.469 |
10.584 |
2.470 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
17.331 |
14.245 |
2.270 |
|
|
TOTAL BORROWING |
17.331 |
14.245 |
2.270 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.800 |
24.829 |
4.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
39.001 |
29.951 |
15.521 |
|
|
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 |
17.093
|
0.000 |
0.000 |
|
|
Sundry Debtors |
33.427
|
8.170 |
1.250 |
|
|
Cash & Bank Balances |
0.454
|
2.068 |
0.710 |
|
|
Other Current Assets |
0.000
|
0.629 |
0.372 |
|
|
Loans & Advances |
4.290
|
4.372 |
0.907 |
|
Total
Current Assets |
55.264
|
15.239 |
3.239 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
46.663
|
19.677 |
14.003 |
|
|
Other Current Liabilities |
6.802
|
0.682 |
0.017 |
|
|
Provisions |
0.000
|
0.002 |
0.000 |
|
Total
Current Liabilities |
53.465
|
20.361 |
14.020 |
|
|
Net Current Assets |
1.799
|
(5.122) |
(10.781) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.800 |
24.829 |
4.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.01.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
325.969 |
5.914 |
0.000 |
|
|
|
Other Income |
0.000 |
0.044 |
0.000 |
|
|
|
TOTAL (A) |
325.969 |
5.958 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
273.402 |
0.000 |
0.000 |
|
|
|
Purchased of Traded Goods |
0.000 |
5.596 |
0.000 |
|
|
|
Employee Benefits Expenses |
0.079 |
0.053 |
0.000 |
|
|
|
Other Expenses |
49.714 |
0.302 |
0.183 |
|
|
|
TOTAL (B) |
323.195 |
5.951 |
0.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.774 |
0.007 |
(0.183) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.003 |
0.002 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.771 |
0.005 |
(0.183) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.771 |
0.005 |
(0.183) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.771 |
0.004 |
(0.183) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.95 |
0.01 |
(5.76) |
|
KEY RATIOS
|
PARTICULARS |
|
31.01.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.85
|
0.07 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85
|
0.08 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.94
|
0.01 |
(0.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.00 |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.74
|
1.35 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
0.75 |
0.23 |
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Estimated) |
(Projected) |
|||
|
Gross Sales |
|
|
|
|
|
|
Domestic Sales |
403.859 |
605.788 |
652.387 |
671.027 |
689.667 |
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
403.859 |
605.788 |
652.387 |
671.027 |
689.667 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
44.426 |
66.639 |
71.765 |
73.815 |
75.866 |
|
|
|
|
|
|
|
|
Net Sales |
359.433 |
539.149 |
580.622 |
597.212 |
613.801 |
|
|
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
10.41 |
50.00 |
7.69 |
2.86 |
2.78 |
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
Raw Materials (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
|
|
|
-
Domestic Sales
|
310.380 |
471.142 |
497.782 |
511.000 |
525.196 |
|
|
|
|
|
|
|
|
Other Spares/ Carriage |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Power and Fuel |
48.000 |
61.592 |
66.330 |
68.225 |
70.120 |
|
Direct Labour (Factory, wages and salaries) |
2.435 |
3.353 |
3.795 |
4.032 |
4.287 |
|
Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.200 |
0.400 |
0.500 |
0.600 |
0.700 |
|
Depreciation |
5.800 |
4.980 |
5.133 |
4.588 |
4.500 |
|
|
|
|
|
|
|
|
Sub – Total |
366.815 |
541.467 |
573.540 |
588.445 |
604.803 |
|
|
|
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
366.815 |
541.467 |
573.540 |
588.445 |
604.803 |
|
|
|
|
|
|
|
|
Deduct: Closing Stocks in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost of
Production |
366.815 |
541.467 |
573.540 |
588.445 |
604.803 |
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
10.000 |
20.371 |
21.939 |
22.547 |
|
|
|
|
|
|
|
|
Sub Total |
366.815 |
551.467 |
593.911 |
610.384 |
627.350 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
10.000 |
20.371 |
21.939 |
22.547 |
23.174 |
|
|
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
356.815 |
531.096 |
571.972 |
587.837 |
604.176 |
|
|
|
|
|
|
|
|
General, Administrative and selling Expenses |
1.579 |
1.729 |
1.899 |
2.055 |
2.223 |
|
|
|
|
|
|
|
|
Sub- Total |
358.393 |
532.824 |
573.870 |
589.891 |
606.398 |
|
|
|
|
|
|
|
|
Operating Profit before Interests |
1.040 |
6.325 |
6.752 |
7.321 |
7.403 |
|
|
|
|
|
|
|
|
Interests |
0.000 |
4.691 |
4.583 |
4.475 |
4.367 |
|
|
|
|
|
|
|
|
Operating Profit After Interests |
1.040 |
1.634 |
2.169 |
2.846 |
3.036 |
|
|
|
|
|
|
|
|
Add: Other
Non-operating Income |
|
|
|
|
|
|
Sale of Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total
(Income) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deduct: Other
Non-operating Expenses |
|
|
|
|
|
|
Miscellaneous Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
W.O. of Preliminary and Pre-operative Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total
(Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net of Other non-operating
income/ Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Profit before tax |
1.040 |
1.634 |
2.169 |
2.846 |
3.036 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.312 |
0.490 |
0.651 |
0.854 |
0.911 |
|
|
|
|
|
|
|
|
Net Profit/ loss |
0.728 |
1.144 |
1.518 |
1.992 |
2.125 |
|
|
|
|
|
|
|
|
Retained Profit |
0.728 |
1.144 |
1.518 |
1.992 |
2.125 |
|
|
|
|
|
|
|
|
Retained Profit / Net Profit (% age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Estimated) |
(Projected) |
|||
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
|
|
|
- From Applicant Banks |
0.000 |
28.000 |
28.000 |
28.000 |
28.000 |
|
- From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Of which Bp and BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (A) |
0.000 |
28.000 |
28.000 |
28.000 |
28.000 |
|
|
|
|
|
|
|
|
Short Term borrowing- others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors |
40.000 |
13.312 |
13.797 |
13.992 |
14.186 |
|
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 |
|
Expenses Payable |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
|
Other Statutory Liabilities (Due within one year) |
0.800 |
0.800 |
0.800 |
0.800 |
0.800 |
|
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 |
0.100 |
0.200 |
0.300 |
0.400 |
0.500 |
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
43.400 |
16.812 |
17.397 |
17.692 |
17.986 |
|
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
43.400 |
44.812 |
45.397 |
45.692 |
45.986 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Preference Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan (Excluding installment payable within one year) |
0.000 |
3.600 |
2.700 |
1.800 |
0.900 |
|
Unsecured Loan From Promoters |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Bridge Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Deposits (Repayable after one year) |
24.831 |
24.831 |
24.831 |
24.831 |
24.831 |
|
Other Terms Liabilities- Unsecured Loan (Interest Free) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
24.831 |
28.431 |
27.531 |
26.631 |
25.731 |
|
|
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
68.231 |
73.243 |
72.928 |
72.323 |
71.717 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary Share Capital |
24.191 |
24.191 |
24.191 |
24.191 |
24.191 |
|
Share Application Money |
|
|
|
|
|
|
State Capital Subidy |
|
|
|
|
|
|
Share Premium |
|
|
|
|
|
|
Profit and Loss |
0.000 |
0.728 |
1.871 |
3.388 |
5.378 |
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
0.728 |
1.144 |
1.518 |
1.992 |
2.125 |
|
|
|
|
|
|
|
|
TOTAL NET WORTH |
31.427 |
32.571 |
34.088 |
36.079 |
38.203 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
99.658 |
105.814 |
107.016 |
108.402 |
109.920 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and bank balances |
1.956 |
2.585 |
2.650 |
2.735 |
2.845 |
|
|
|
|
|
|
|
|
Investment |
|
|
|
|
|
|
- Receivables |
30.000 |
23.236 |
25.023 |
25.738 |
26.453 |
|
- Export Receivables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
|
-Trading Stock |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-Indigenous |
17.500 |
17.673 |
19.033 |
19.577 |
20.120 |
|
|
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
10.000 |
20.371 |
21.939 |
22.547 |
23.174 |
|
Other Consumable Spares |
1.000 |
0.728 |
0.784 |
0.805 |
0.828 |
|
Advance Payment of Taxes |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
Other Current Assets |
1.476 |
2.518 |
2.556 |
2.590 |
2.620 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
62.232 |
67.411 |
72.285 |
74.292 |
76.340 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
39.001 |
39.201 |
35.721 |
34.588 |
34.000 |
|
|
|
|
|
|
|
|
Depreciation to date |
5.800 |
4.980 |
5.133 |
4.588 |
4.500 |
|
|
|
|
|
|
|
|
Net Block |
33.201 |
34.221 |
30.588 |
30.000 |
29.500 |
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment/ Book Debts/ Advances/ Deposits Goods and Contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
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 |
3.806 |
3.806 |
3.806 |
3.806 |
3.806 |
|
|
|
|
|
|
|
|
TOTAL OTHER NON
CURRENT ASSETS |
3.806 |
3.806 |
3.806 |
3.806 |
3.806 |
|
|
|
|
|
|
|
|
Intangible Assets |
0.418 |
0.376 |
0.338 |
0.304 |
0.274 |
|
|
|
|
|
|
|
|
TOTAL ASSETS |
99.657 |
105.814 |
107.017 |
108.402 |
109.920 |
|
|
|
|
|
|
|
|
Net Working Capital |
18.832 |
22.599 |
26.888 |
28.600 |
30.354 |
|
|
|
|
|
|
|
|
Current Ratio |
0.143 |
0.150 |
0.159 |
0.163 |
0.166 |
|
|
|
|
|
|
|
|
Tangible Net worth |
31.009 |
32.195 |
33.750 |
35.775 |
37.929 |
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net worth |
2.20 |
2.27 |
2.16 |
2.02 |
1.89 |
|
|
|
|
|
|
|
|
Tangible Net
worth (Including UL) |
55.840 |
57.026 |
58.581 |
60.606 |
62.760 |
|
|
|
|
|
|
|
|
TOL |
43.400 |
48.412 |
48.097 |
47.492 |
46.886 |
|
|
|
|
|
|
|
|
TOL/ TNW (Including UL) |
0.78 |
0.85 |
0.82 |
0.78 |
0.75 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
Domestic Sales (Gross) |
403.859 |
605.788 |
652.387 |
671.027 |
689.667 |
|
Net Sales |
359.433 |
539.149 |
580.622 |
597.212 |
613.801 |
|
% rise/fall (-) in Net sales |
10.41 |
50.00 |
7.69 |
2.86 |
2.78 |
|
Profit Before Tax |
1.040 |
1.634 |
2.169 |
2.846 |
3.036 |
|
PBT/ Sales (%) |
0.29 |
0.30 |
0.37 |
0.48 |
0.49 |
|
Profit After Tax |
0.728 |
1.144 |
1.518 |
1.992 |
2.125 |
|
Cash Accrual |
6.528 |
6.124 |
6.651 |
6.580 |
6.625 |
|
Paid Up capital |
31.009 |
32.195 |
33.750 |
35.775 |
37.929 |
|
TNW |
31.009 |
32.195 |
33.750 |
35.775 |
37.929 |
|
TOL/ TNW (times) |
2.20 |
2.27 |
2.16 |
2.02 |
1.89 |
|
NWC |
18.832 |
22.599 |
26.888 |
28.600 |
30.354 |
|
Current Ratio |
1.43 |
1.50 |
1.59 |
1.63 |
1.66 |
|
Adjusted TNW |
31.009 |
32.195 |
33.750 |
35.775 |
37.929 |
|
Adjusted TOL/ TNW |
2.20 |
2.27 |
2.16 |
2.02 |
1.89 |
|
|
|
|
|
|
|
|
Other Ratios |
|
|
|
|
|
|
Operating Cost/ Sales % |
99.71 |
99.70 |
99.63 |
99.52 |
99.51 |
|
Net Sales / TTA (Times) |
3.62 |
5.11 |
5.44 |
5.52 |
5.60 |
|
PBDIT |
6.840 |
11.305 |
11.885 |
11.909 |
11.903 |
|
|
|
|
|
|
|
|
Efficiency Ratio |
|
|
|
|
|
|
Net Sales/ Total Tangible Assets (times) |
3.62 |
5.11 |
5.44 |
5.52 |
5.60 |
|
PBT/ Total Tangible Assets (%) |
1.05 |
1.55 |
2.03 |
2.63 |
2.77 |
|
Operating Cost to Sales (%) |
99.71 |
99.70 |
99.63 |
99.52 |
99.51 |
|
Bank Finance/ Ct Assets (%) |
0.00 |
41.54 |
38.74 |
37.69 |
36.68 |
|
Inventory + Receivables to Net Sales (days) |
59.41 |
41.98 |
41.98 |
41.97 |
41.97 |
|
PBDIT |
6.840 |
11.305 |
11.885 |
11.909 |
11.903 |
|
|
|
|
|
|
|
|
Risk Rating
Related Ratios |
|
|
|
|
|
|
Current Ratio |
1.43 |
1.50 |
1.59 |
1.63 |
1.66 |
|
TOL/ TNW (times) |
2.20 |
2.27 |
2.16 |
2.02 |
1.89 |
|
PBDIT/ Interests (times) |
-- |
2.41 |
2.59 |
2.66 |
2.73 |
|
PAT/ Net Sales (%) |
0.20 |
0.21 |
0.26 |
0.33 |
0.35 |
|
ROCE (%) PBDIT/TA) |
6.86 |
10.68 |
11.11 |
10.99 |
10.83 |
|
INV+REC/ Sales (days) |
59 |
42 |
42 |
42 |
42 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Estimated) |
(Projected) |
|||
|
SOURCES |
|
|
|||
|
Net Profit (After Tax) |
0.728 |
1.144 |
1.518 |
1.992 |
2.125 |
|
Depreciation |
5.800 |
4.980 |
5.133 |
4.588 |
4.500 |
|
Increase in Capital |
10.119 |
10.000 |
0.000 |
0.000 |
0.000 |
|
Increase in TL Including Public Deposit |
0.000 |
3.600 |
0.000 |
0.000 |
0.000 |
|
Decrease in |
|
|
|
|
|
|
-Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-Other Non Current Assets |
0.046 |
0.042 |
0.038 |
0.034 |
0.030 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
16.693 |
19.766 |
6.689 |
6.614 |
6.656 |
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Term Liabilities including Public Deposit |
7.768 |
0.000 |
0.900 |
0.900 |
0.900 |
|
Increase in |
|
|
|
|
|
|
-Fixed Assets |
0.000 |
6.000 |
1.500 |
4.000 |
4.000 |
|
-Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dividend Payment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
2.890 |
10.000 |
0.001 |
0.001 |
0.002 |
|
|
|
|
|
|
|
|
Total |
10.658 |
16.000 |
2.401 |
4.901 |
4.902 |
|
|
|
|
|
|
|
|
(Summary) |
|
|
|
|
|
|
Long term surplus/ Deficit |
6.035 |
3.766 |
4.288 |
1.713 |
1.754 |
|
Increase/ decrease in Current Assets |
11.238 |
5.179 |
4.874 |
2.007 |
2.048 |
|
Increase/ decrease in Cl Other than BB |
5.024 |
(26.588) |
0.585 |
0.295 |
0.294 |
|
Increase/ decrease in WC Gap |
6.034 |
31.767 |
4.289 |
1.712 |
1.754 |
|
Net Surplus (+) Deficit (-) |
0.001 |
(28.001) |
(0.001) |
0.001 |
0.000 |
|
Increase/ decrease in Bank Borrowings |
0.000 |
28.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Long term
Sources |
16.693 |
19.766 |
6.689 |
6.614 |
6.656 |
|
|
|
|
|
|
|
|
Long term Uses |
10.658 |
16.000 |
2.401 |
4.901 |
4.902 |
|
|
|
|
|
|
|
|
Surplus/ Deficit
|
6.035 |
3.766 |
4.288 |
1.713 |
1.754 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. ROHIT MODI
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
ASSETS |
|
|
Industrial Land at Amloh Road, Gobindgarh Measuring 101 Biswas (Market Value Rs.60.000
Millions) |
30.000 |
|
|
|
|
Investment in Modi Metalics Private Limited |
6.220 |
|
Investment in Modi Alloys India Private
Limited |
0.943 |
|
Investment in Aggarwal Steel Rolling Mills
and Metal |
2.155 |
|
L.I.C. |
0.500 |
|
Gold |
0.500 |
|
Misc. Assets |
0.700 |
|
|
|
|
Total |
41.018 |
|
|
|
|
LIABILITIES |
|
|
Kotak Mahindra Taken – Rs.7.500 Million O/s Bal. – Rs.0.200
Million |
0.200 |
|
|
|
|
Total |
0.200 |
|
|
|
|
NETWORTH = (ASSETS – LIABILITIES) |
RS.40.818
MILLIONS |
NETWORTH
STATEMENT
MRS.
NEERU MODI
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
ASSETS |
|
|
Industrial Land at Amloh Road, Gobindgarh Measuring 101 Biswas 50% Share (Market Value
Rs.60.000 Millions) |
30.000 |
|
Industrial Land at Village Badinpur, Mandi
Gobindgarh (Leased to Modi Metalics Private Limited) Measuring 11 Kanals 8 Marlas 100% Shares
(Market Value Rs.60.00 Millions) |
50.000 |
|
Agriculture Land at Village Harbaspura,
Mandi Gobindgarh Measuring 2.5 Acres 50% Shares (Market Value
Rs.50.00 Millions) |
25.000 |
|
Investment in Modi Metalics Private Limited |
3.695 |
|
Investment in Modi Alloys India Private
Limited |
-- |
|
Investment in Rakesh Industries |
2.354 |
|
Misc. Assets |
1.000 |
|
Gold |
0.750 |
|
FDR |
0.150 |
|
P.P.F. |
0.500 |
|
|
|
|
Total |
113.449 |
|
|
|
|
LIABILITIES |
|
|
Kotak Mahindra Taken – Rs.7.500 Million O/s Bal. – Rs.0.200
Million |
0.200 |
|
|
|
|
Total |
0.200 |
|
|
|
|
NETWORTH = (ASSETS – LIABILITIES) |
RS.113.249
MILLIONS |
NETWORTH
STATEMENT
MRS.
SEEMA MODI
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
ASSETS |
|
|
Industrial Land at Amloh Road, Gobindgarh Measuring 101 Biswas 50% Share (Market Value
Rs.60.000 Millions) |
30.000 |
|
Agriculture Land at Village Harbaspura,
Mandi Gobindgarh Measuring 2.5 Acres 50% Shares (Market Value
Rs.50.00 Millions) |
25.000 |
|
Investment in Modi Metalics Private Limited |
2.650 |
|
Investment in Aggarwal Steel Rolling Mill
and Metal |
2.133 |
|
Investment in Rakesh Industries |
1.870 |
|
Misc. Assets |
1.000 |
|
Gold |
0.500 |
|
FDR |
0.150 |
|
P.P.F. |
0.500 |
|
|
|
|
Total |
63.803 |
|
|
|
|
LIABILITIES |
----- |
|
|
|
|
Total |
----- |
|
|
|
|
NETWORTH = (ASSETS – LIABILITIES) |
RS.63.803
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Purpose of
Valuation |
Valuation for banking
security/ surety to obtain CC limit in favour of M/S Modi Alloys and Metalics
Private Limited |
|
|
|
|
Date of Visit |
22.03.2013 |
|
|
|
|
Person
accompanying / available at site at the visit / Inspection/ valuation |
Mr. Rohit Modi |
|
|
|
|
Complete address
of Property. Door no. Street/ cross Road/ Survey No. |
Industrial Property (Named Modi Alloys and
Metlics Private Limited) situated on Peer Gaju Shah, Badinpur Road at Mandi
Gobindgarh. Revenue Details: Land Measuring 1 K-8M, 228/2250 share out of
total of 112K – 10M comprised in Khata No.124/183 Mustil No.23// Killa
No.25/2 (6-1) “Mustil No. 24//Killa No.8/1(1-7) 12/2(4-10) 13(7-11) 14(0-15)
17(5-1) 18(8-0) 19(8-0) 20/1(5-1) 21(8-0) 22(8-0) 23(8-0) 24(8-0) Mustil
No.26// Kill No.1(6-10) 2(8-0) 3(8-0) 4(8-0) 5(3-14) as per Jamabandi for the
year 2005-006 situated in the revenue Estate of Village Badinpur Tehsil Amloh
district Fatehgarh Sahib. |
|
|
|
|
Boundaries |
East –
Agriculture land side 557’0” West – Sat Sahib
side 229’0” North –
Agriculture Land side 230’0” South – Rasta
side 230’0” |
|
|
|
|
Ownership of
Property |
|
|
Name of Owner |
Mrs. Neeru Modi
W/o Mr. Rohit Modi S/o Mr. Ramesh Kumar |
|
|
|
|
Since how long
owing the property |
18.03.2008 |
|
|
|
|
Whether joint
owner/ Co-ownership in case of joint, share of each owner and also whether
the shares are undivided |
Sole Owner |
|
|
|
|
Classification
of Locality |
‘A’ Class |
|
|
|
|
Civic amenities |
All civic amenities
are available within ½ km |
|
|
|
|
Proximity to
surface communication |
Connected to G.
T. Road by Road. |
|
|
|
|
Distance from
Mumbai Limit |
Within Municipal
Limit |
|
|
|
|
It the Property
is not within municipal, limits |
Yes, Municipal
Limits |
|
|
|
|
Title of the
Property, Whether Freehold |
Registered sale
deed by sub registrar Mandi Gobindgarh dated 18.03.2008 Wasika No.2359 Bahi
No.1 Zilad No.968 Page No.2359, Yes Freehold |
|
|
|
|
Type of Property
(Agricultural/ Industrial/ Residential/ Commercial) |
Industrial |
|
|
|
|
Year of
Acquisition/ Purchase |
2008 |
|
|
|
|
Value of
Purchase |
Land Purchase
for Rs.10,70,000 as per Sale deed |
|
|
|
|
No of Floors/
Storey’s |
Ground Floor |
|
|
|
|
Type of
Constriction |
Sheds – Spread footings, Brick walls in cement mortar, steel stanchions,
roofing of AC sheets over purlins, rafters, steel trusses fixed on wall.
Sanctions, brick, paves/ cement flooring, cement plastered on walls. |
|
|
|
|
If the property
is industrial |
Yes |
|
|
|
|
State for what
type of activity/ industry |
Furnace mill |
|
|
|
|
Sanction
connected power load |
2500 KWT |
|
|
|
|
Type of Activity
|
Furnace mill |
|
|
|
|
Basis of Present
Valuation |
Basis = As per enquiry from the local property dealers in the location the
value of land in the location is between Rs.25,000,000 to Rs.30,000,000 per
acre at present Average rate is
fair and adopted A] Value of Land
Area of Land =
1.425 Acre Fair Rate of Land
– rs.28,000,000 per Acre Value of Land =
1.425 x28000000 = Rs.39.900 Millions B] Value of
Construction As per details
Attached Rs.8.086 Millions C] Value of Land
+ Construction = Rs.39.900 Millions +
Rs.8.086 Millions = Rs.47.986 Millions |
|
|
|
|
Approximate
realizable value |
90% of MV
47986000 = Rs.43.187 Millions |
|
|
|
|
Forced sale
value |
85% of MV
47986000= Rs.40.788 Millions |
|
|
|
|
VALUATION OF
CONSTRUCTION FURNACE MILL i] Main Sheds Covered Area = 70x220 = 15400 sq. ft. Type – AC Sheet roof Cladding over street
Trusses, Purlins and rafters on steel stanchions 20/10 ton local made EOT
crane and 10ton local made EOT crane electrification RCC heavy duty
foundations for stanchions height 40’ to 50’ Valuation Covered Area = 15400 sq. ft. Estimated Current rate of construction =
Rs.400 per sq. ft. Value of construction = 15400 x 400 =
Rs.6.160 Millions ii] Office Block Covered Area = 330 sq. ft. Type – Spread footing Brick walls in cement
mortar cement plaster RCC roof, marble flooring, first class wooden door and
chowkats, painting walls distempered roof terrace of brick terrace. Fitted
Electricity, water supply and sewage disposal. Valuation Covered Area = 330 sq. ft. Estimated Current rate of construction =
Rs.1000 per sq. ft. Value of construction = 330 x 1000 =
Rs.0.330 Millions Add for service @ 20% = Rs.0.066 Million Total = Rs.0.396 Millions iii] Capacitor
Room, Crucible Room, Transformer Room, Labour Room and Lab. Type – Spread footing
Brick walls AC sheet roofing on angle iron purlins steel doors Brick paved
floor. Valuation Covered Area =
2900 sq. ft. Estimate current
rate of construction = Rs.300 per Sq. ft. Value of
construction = 2900 x 300 = Rs.0.870 Million iv] Boundary
Wall Length of
boundary wall = 1100 R ft. Height 6’
masonry, fancying on top Fair rate of
construction = rs.600 per r. ft. Value of
construction = 1100 x 600 = Rs.0.660 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Purpose of
Valuation |
Valuation of property
for banking security/ surety to obtain CC limit in favour of M/s Modi Alloys
and Metalics Private Limited |
|
|
|
|
Date of Visit |
20.03.2013 |
|
|
|
|
Person
accompanying / available at site at the visit / Inspection/ valuation |
Mr. Rakesh Modi |
|
|
|
|
Complete address
of Property. Door no. Street/ cross Road/ Survey No. |
Shop situated in Motia Khan Near Guru Nanak
Market at Mandi Gobindgarh. Revenue Details: Land measuring 9 Biswasi, 9/2200 share comprised
of Khata No.920/1326 Khasra No.449(5-10) as per Jamabandi for the year
2006-2007 situated in the revenue estate of Kukar Majra Tehsil Amloh district
Fatehgarh Sahib. |
|
|
|
|
Boundaries |
East – Shukla
steel traders side 10’0” West – Gali 14’ wide
side 10’0” North – Plot of
Sharma side 20’0” South – Shop of
Verma side 20’0” |
|
|
|
|
Ownership of
Property |
|
|
Name of Owner |
Mr. Rakesh Modi
s/o Mr. Ramesh Modi |
|
|
|
|
Since how long
owing the property |
21.12.2012 |
|
|
|
|
Whether joint
owner/ Co-ownership in case of joint, share of each owner and also whether
the shares are undivided |
Single Owner |
|
|
|
|
Civic amenities |
All civic
amenities are available within ½ km |
|
|
|
|
Proximity to
surface communication |
Connected to G.
T. Road by Road. |
|
|
|
|
Distance from
Mumbai Limit |
Within Municipal
Limit |
|
|
|
|
It the Property
is not within municipal, limits |
Yes, Within
Municipal Limits |
|
|
|
|
Title of the
Property, Whether Freehold |
Registered sale
deed by sub registrar Mandi Gobindgarh dated 21.12.2012 Wasika No.1838 Bahi
No.1 Zilad No.521 Page No.38, Yes Freehold |
|
|
|
|
Type of Property
(Agricultural/ Industrial/ Residential/ Commercial) |
Commercial |
|
|
|
|
Year of
Acquisition/ Purchase |
2012 |
|
|
|
|
Value of
Purchase |
Rs.350,000 as
per Sale deed |
|
|
|
|
No of Floors/
Storey’s |
2 Storey |
|
|
|
|
Year of
completion |
Recent
Construction |
|
|
|
|
Valuers opinion
regarding the present condition/ state of building |
Good |
|
|
|
|
Estimate Future
Life |
60 years |
|
|
|
|
Area of Building
constructed portion (state separately for factory, admin, Building, staff,
Quarters etc.) |
Covered Area- Ground Floor –
200 sq. ft. First Floor –
200 sq. ft. Total – Rs.400
sq. ft. |
|
|
|
|
Type of
Constriction |
Spread footings foundation, brick work in
cement mortar in foundations, plinth and super structure. All inside and
outside surfaces cement plastered and treated suitably Floors are of plain
cement surface are plastered and white wash, stair, Roof RB/RCC slab with
joinery in the form of rolling shutter. Provided with services in the form
electrical fittings etc. |
|
|
|
|
If the property
is industrial |
No |
|
|
|
|
It the property
is of commercial type state |
Yes |
|
|
|
|
Whether the
property is self occupied or tenant/ let out |
Yes, Self
occupied |
|
|
|
|
Basis of Present
Valuation |
Basis = The property is commercial. As per enquiry from the local property dealers
in the area land is situated in motia khan. The value of shop is Rs.21,07,000
which is fair and reasonable. A] Value of Land
Area of Land =
22.2 sq. yds. Fair Rate of
Land as per enquiry from the local property dealers in the location the value
of land is Rs.85,000 per sq. yds. Value of Land =
22.2 x 85,000 = Rs.1.887 Millions B] Value of
Construction Covered Area =
400 sq. ft. Fair rate of
construction of the type of shop = Rs.550per sq. ft. Value of
construction = Rs.400x550 = Rs.0.220 Million
C] Value of Land
+ Construction = Rs.1.887 Millions +
Rs.0.220 Million = Rs.2.107 Millions Market rate has
been applied. |
|
|
|
|
Approximate
realizable value |
85% of MV
2107000 = Rs.1.791 Millions |
|
|
|
|
Forced sale
value |
75% of MV 2107000
= Rs.1.580 Millions |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
|
Particulars |
31.01.2013 (Provisional) |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
From Directors |
|
8.115 |
|
Other Loans and Advances |
|
6.130 |
|
|
|
|
|
Total |
17.331 |
14.245 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· J. K. Jindal and sons
Motia Khan, Mandi Gobindgarh, Punjab, India
Mobile No.: 91-9814000263
· Aggarwal Steel Center
Amloh Road, Mandi, Gobindgarh, Punjab,
India
Mobile No.: 91-9888966443
· Mamata Steel Corporation
Motia Khan, Mandi Gobindgarh, Punjab, India
Mobile No.: 91-9814040988
· Prabhu Steel Industries
Motia Khan, Mandi Gobindgarh, Punjab, India
Mobile No.: 91-9814352018
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Shed and Building Under Construction
· Air Pollution
· Fire Fighting Equipment
· Plant and Machinery
· Moulds
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 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 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.54.44 |
|
|
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.