MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHOGAL SALES CORPORATION |
|
|
|
|
Registered
Office : |
1104/1, Dhandhari Kalan, G.T. Road, Ludhiana-141010, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
28.02.2013 [Provisional] |
|
|
|
|
Year of
Establishment : |
1964 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.931 Millions |
|
|
|
|
IEC No.: |
1288010796 |
|
|
|
|
Tin No.: |
03311027355 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFB3441M |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Trader of Cycle Parts Like Hub, Cub, Steel
Wall, etc. |
|
|
|
|
No. of Employees
: |
175 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established partnership concern having a
satisfactory track record. It is engaged in the manufacturing, exporting and
trading of cycle parts. It is performing well. Trade relations are reported as decent. Business is active. Payments
terms are usually correct and as per commitments. The concern can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Jaswant Arora |
|
Designation : |
Accounts and Finance Advisor |
|
|
|
|
Name : |
Mr. Rohanjit Singh Bhogal |
|
Designation : |
Partner |
|
Contact No.: |
91-9814101881 |
|
Date : |
17.04.2013 |
LOCATIONS
|
Registered / Corporate Office / Factory : |
1104/1, Dhandhari Kalan, G.T. Road, Ludhiana-141010, Punjab,
India |
|
Tel. No.: |
91-161-2510281/2510770 |
|
Mobile No.: |
91-9814101881 [Mr. Rohanjit Singh Bhogal] |
|
Fax No.: |
91-161-2510381/2531703 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Surinder Singh Bhogal |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
27.09.1948 |
|
Qualification : |
B.A and LLB |
|
Experience : |
40 Years |
|
|
|
|
Name : |
Mr. Rohanjit Singh Bhogal |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
10.03.1976 |
|
Qualification : |
B. Com and MBA |
|
Experience : |
15 Years |
|
|
|
|
Name : |
Mr. Dhanwant Singh Bhogal |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
04.06.1930 |
|
Qualification : |
FSC |
|
Experience : |
50 Years |
|
|
|
|
Name : |
Mrs. Ranjit Kaur Bhogal |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
04.02.1936 |
|
Qualification : |
Senior Cambridge |
|
|
|
|
Name : |
Ms. Aneeta Preet Kaur |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
11.09.1958 |
|
Qualification : |
MA, Diploma in Computer |
|
Experience : |
18 Years |
|
|
|
|
Name : |
Mr. Randeep Singh Bohal |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
01.09.1980 |
|
Qualification : |
BBA and MBA |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Mrs. Jasbinder Kaur |
|
Designation : |
Partner |
|
Address : |
10-A, Garden Enclave, South City-II, Ludhiana-142027, Punjab, India |
|
Date of Birth/Age : |
24.04.1956 |
|
Qualification : |
Senior Cambridge |
KEY EXECUTIVES
|
Name : |
Mr. Jaswant Arora |
|
Designation : |
Accounts and Finance Advisor |
|
|
|
|
Name : |
Mr. Parvinder Singh |
|
Designation : |
General Manager |
|
Date of Birth/Age : |
11.08.1963 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Cycle Parts Like Hub, Cub, Steel
Wall, etc. |
|
|
|
|
Products : |
·
Hub Cup ·
Steel Ball ·
Air Pumps ·
Pedal and Parts ·
Cycle ·
Frame and Fork ·
Handcraft Goods |
|
|
|
|
Brand Names : |
“DNS AND BHOGAL” |
|
|
|
|
Exports : |
|
|
Products : |
Cycle Parts and Handicraft Goods |
|
Countries : |
·
Germany ·
Netherland ·
Sri Lanka ·
Malaysia ·
Mexico |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30, 60and 90 Days] |
|
|
|
|
Purchasing : |
Cash and Credit [30, 60and 90 Days] |
PRODUCTION STATUS
Unit
= 100 Pcs.
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Hub Cup |
Unit |
350000 |
277000 |
|
Steel Ball |
Unit |
1800000 |
1800000 |
|
Air Pumps |
Pcs. |
100000 |
30000 |
|
Pedal and Parts |
Pcs. |
500000 |
320000 |
|
Cycle |
Unit |
100000 |
65000 |
|
Frame and Fork |
Pcs. |
100000 |
50000 |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
175 [Approximately] |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Special Commercial Branch,
Ludhiana, Punjab, India A/C
No.: 10331023813 ·
Punjab National Bank, Ludhiana, Punjab, India ·
HDFC Bank Limited, Ludhiana, Punjab, India ·
State Bank of India, Miller Ganj, Ludhiana,
Punjab, India |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dass Khanna and Company Chartered Accountants |
|
Address : |
Ludhiana, Punjab, India |
|
|
|
|
Name : |
Vinay and Associates Chartered Accountants |
|
Address : |
30, 2nd Floor, Feroze Gandhi Market, Ludhiana, Punjab,
India |
|
|
|
|
Associates/Subsidiaries : |
·
Bhogal Exports Address: 1167, G.T.
Road, Dhandari Kalan, Ludhiana, Punjab, India Line
of Business: Former Merchant Exporter not discontinued it business activities. ·
Bhogal Brothers Address:
1164,
G.T. Road, Dhandari Kalan, Ludhiana, Punjab, India ·
Bhogal Sons Address:
22-R,
Industrial Area, ‘B’, Ludhiana, Punjab, India Line
of Business: Trading of Cycle Parts. |
CAPITAL STRUCTURE
PARTNERS CAPITAL
ACCOUNTS AS ON 28TH FEBRUARY 2013
Rs. in Millions
|
Name of Partners |
% Age |
Balance as on 01.04.2012 |
Salary Received During the Year |
Interest on Capital |
Profit Transfer During the Year |
Total |
Withdrawal During the Year |
Balance as on 28.02.2013 |
|
Dhanwant Singh
Bhogal |
20% |
17.085 |
0.990 |
0.784 |
1.174 |
20.034 |
0.967 |
19.067 |
|
Surinder Singh
Bhogal |
15% |
12.970 |
0.825 |
0.596 |
0.881 |
15.271 |
0.717 |
14.554 |
|
Ranjit Kaur
Bhogal |
15% |
2.559 |
0.000 |
0.117 |
0.881 |
3.557 |
0.004 |
3.553 |
|
Aneeta Preet
Kaur |
15% |
3.045 |
0.825 |
0.147 |
0.881 |
4.898 |
0.472 |
4.426 |
|
Randeep Singh
Bohal |
10% |
3.315 |
0.825 |
0.144 |
0.587 |
4.871 |
1.005 |
3.866 |
|
Rohanjit Singh
Bhogal |
10% |
11.903 |
0.825 |
0.549 |
0.587 |
13.865 |
0.609 |
13.256 |
|
Jasbinder Kaur |
15% |
1.442 |
0.000 |
0.061 |
0.881 |
2.383 |
0.174 |
2.209 |
|
TOTAL |
|
52.319 |
4.290 |
2.398 |
5.872 |
64.879 |
3.948 |
60.931 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
28.02.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
60.931 |
52.319 |
30.464 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.931 |
52.319 |
30.464 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.262 |
2.388 |
2.155 |
|
|
2] Unsecured Loans |
0.361 |
0.508 |
0.000 |
|
|
TOTAL BORROWING |
5.623 |
2.896 |
2.155 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
66.554 |
55.215 |
32.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.703 |
12.798 |
9.604 |
|
|
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 |
42.765
|
33.449 |
15.921 |
|
|
Sundry Debtors |
56.180
|
37.527 |
13.652 |
|
|
Cash & Bank Balances |
4.045
|
2.977 |
9.517 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.479
|
7.744 |
5.293 |
|
Total
Current Assets |
110.469
|
81.697 |
44.383 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
48.255
|
33.622 |
15.262 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
11.363
|
5.658 |
6.106 |
|
Total
Current Liabilities |
59.618
|
39.280 |
21.368 |
|
|
Net Current Assets |
50.851
|
42.417 |
23.015 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
66.554 |
55.215 |
32.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
28.02.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
257.009 |
181.389 |
109.808 |
|
|
|
Other Income |
2.052 |
2.690 |
0.752 |
|
|
|
TOTAL |
259.061 |
184.079 |
110.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
37.798 |
35.281 |
37.049 |
|
|
|
Components |
151.695 |
104.060 |
38.199 |
|
|
|
Manufacturing Expenses |
18.947 |
12.377 |
9.581 |
|
|
|
Stores and Spares Cons. Expenses |
12.719 |
12.676 |
7.888 |
|
|
|
Administrative Expenses |
2.893 |
2.168 |
1.688 |
|
|
|
Personnel Expenses |
6.294 |
7.085 |
5.260 |
|
|
|
Selling and Distribution Expenses |
21.439 |
13.487 |
5.153 |
|
|
|
Financial Expenses |
0.692 |
0.287 |
0.080 |
|
|
|
Interest on Partners Capital |
2.399 |
0.000 |
0.000 |
|
|
|
Partners Salary |
4.290 |
3.900 |
3.000 |
|
|
|
Repair and Maintenance Expenses
|
0.276 |
0.895 |
0.439 |
|
|
|
Increase in Stocks |
(11.023) |
(15.333) |
(1.768) |
|
|
|
TOTAL |
248.419 |
176.883 |
106.569 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.642 |
7.196 |
3.991 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.886 |
1.730 |
1.393 |
|
|
|
|
|
|
|
|
|
Less / Add |
ADDITIONAL
DEPRECIATIONS |
0.258 |
0.151 |
0.174 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
8.498 |
5.315 |
2.424 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.626 |
1.761 |
0.786 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.872 |
3.554 |
1.638 |
|
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
28.02.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.27
|
1.93 |
1.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.31
|
2.93 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.74
|
5.62 |
4.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.10 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09
|
0.05 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85
|
2.07 |
2.07 |
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 |
|
|
(Projected) |
||
|
Gross Sales |
|
|
|
|
Domestic Sales |
280.000 |
350.000 |
385.000 |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
Total |
280.000 |
350.000 |
385.000 |
|
|
|
|
|
|
Less: Excise Duty |
-- |
-- |
-- |
|
|
|
|
|
|
Net Sales |
280.000 |
350.000 |
385.000 |
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
54% |
25% |
10% |
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
Raw Materials (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
|
(a) imported |
213.400 |
265.500 |
286.800 |
|
(b) Indigenous |
213.400 |
265.500 |
286.800 |
|
|
|
|
|
|
Other Spares/ Carriage |
|
|
|
|
Imported |
18.000 |
22.500 |
24.200 |
|
Indigenous |
18.000 |
22.500 |
24.200 |
|
|
|
|
|
|
Power and Fuel |
5.000 |
6.000 |
6.600 |
|
Direct Labour (Factory, wages and salaries) |
8.000 |
10.000 |
11.000 |
|
Repairs and Maintenance |
3.500 |
4.500 |
5.000 |
|
Other Manufacturing Expenses |
0.600 |
0.700 |
0.800 |
|
Depreciation |
2.300 |
2.500 |
2.500 |
|
|
|
|
|
|
Sub – Total |
250.800 |
311.700 |
336.900 |
|
|
|
|
|
|
Add: Opening Stocks in Process |
2.200 |
4.000 |
4.500 |
|
|
|
|
|
|
Deduct: Closing Stocks in Process |
4.000 |
4.500 |
4.800 |
|
|
|
|
|
|
Cost of
Production |
|
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
249.000 |
311.200 |
336.600 |
|
|
|
|
|
|
Sub Total |
249.000 |
311.200 |
336.600 |
|
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
23.200 |
32.600 |
40.000 |
|
Deduct: Closing Stock of Finished Goods |
32.600 |
40.000 |
43.200 |
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
239.600 |
303.800 |
333.400 |
|
|
|
|
|
|
General, Administrative and selling Expenses |
34.000 |
37.500 |
41.200 |
|
|
|
|
|
|
Sub- Total |
273.600 |
341.300 |
374.600 |
|
|
|
|
|
|
Operating Profit before Interests |
6.400 |
8.700 |
10.400 |
|
|
|
|
|
|
Interests |
0.600 |
2.500 |
2.500 |
|
|
|
|
|
|
Operating Profit After Interests |
5.800 |
6.200 |
7.900 |
|
|
|
|
|
|
Add: Other
Non-operating Income |
|
|
|
|
Miscellaneous income |
2.500 |
2.600 |
2.600 |
|
Interest |
0.200 |
0.200 |
0.200 |
|
Sub Total
(Income) |
2.700 |
2.800 |
2.800 |
|
|
|
|
|
|
Deduct: Other
Non-operating Expenses |
|
|
|
|
Miscellaneous Expenses |
-- |
-- |
-- |
|
W.O. of Preliminary and Pre-operative Expenses |
-- |
-- |
-- |
|
Sub Total
(Expenses) |
2.700 |
2.800 |
2.800 |
|
|
|
|
|
|
Net of Other
non-operating income/ Expenses |
2.700 |
2.800 |
2.800 |
|
|
|
|
|
|
Profit before tax |
8.500 |
9.000 |
10.700 |
|
|
|
|
|
|
Provision for taxes |
2.500 |
2.800 |
2.100 |
|
|
|
|
|
|
Net Profit/ loss |
6.000 |
6.200 |
8.600 |
|
|
|
|
|
|
Retained Profit |
6.000 |
6.200 |
8.600 |
|
|
|
|
|
|
Retained Profit / Net Profit (% age) |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
|
- From Applicant Banks |
-- |
20.000 |
20.000 |
|
- From Other Banks |
9.800 |
-- |
-- |
|
- Of which Bp and BD |
-- |
-- |
-- |
|
|
|
|
|
|
Sub Total (A) |
9.800 |
20.000 |
20.000 |
|
|
|
|
|
|
Short Term borrowing- others |
|
|
|
|
Sundry Creditors |
42.000 |
44.400 |
48.000 |
|
Advance/ Progress Payments from Customers/ deposits from Dealers,
Selling agents |
-- |
-- |
-- |
|
Provision for taxation |
5.400 |
5.600 |
6.500 |
|
Expenses Payable |
-- |
-- |
-- |
|
Other Statutory Liabilities (Due within one year) |
0.900 |
1.100 |
1.200 |
|
Deposits/ Installments of Term Loans DPGs/ Debentures/ ECB/ ADR/ GDR
(Due Within One Year) |
-- |
-- |
-- |
|
Other Current Liabilities |
0.800 |
1.100 |
1.300 |
|
|
|
|
|
|
SUB TOTAL (B) |
49.100 |
52.200 |
57.000 |
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
58.900 |
72.200 |
77.000 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
Preference Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
|
Term Loan (Excluding installment payable within one year) |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan From Promoters |
0.000 |
0.000 |
0.000 |
|
Term Deposits (Repayable after one year) |
0.000 |
0.000 |
0.000 |
|
Sales Tax Deferred Credits (Excluding Installments due within one
year) Deferred Tax Liability (DTL) |
0.000 |
0.000 |
0.000 |
|
Other Terms Liabilities- Unsecured Loan (Interest Free) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
58.900 |
72.200 |
77.000 |
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
Ordinary Share Capital |
55.000 |
55.000 |
55.000 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
State Capital Subsidy |
0.000 |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
|
Profit and Loss |
0.000 |
0.000 |
0.000 |
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
6.000 |
12.200 |
20.800 |
|
|
|
|
|
|
TOTAL NET WORTH |
61.100 |
67.200 |
75.800 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
119.900 |
139.400 |
152.800 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Cash and bank balances |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
Investment |
|
|
|
|
- Receivables |
50.000 |
58.400 |
64.400 |
|
- Export Receivables |
50.000 |
58.400 |
64.400 |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
Raw Materials |
|
|
|
|
-Imported |
6.500 |
8.000 |
9.000 |
|
-Indigenous |
6.500 |
8.000 |
9.000 |
|
|
|
|
|
|
Stock in Process |
4.000 |
4.500 |
4.800 |
|
Finished Goods |
32.600 |
40.000 |
43.200 |
|
Other Consumable Spares |
-- |
-- |
-- |
|
Sundry Advances to Landlords against property on rent/
Materials and stores and Spares |
-- |
-- |
-- |
|
Other Consumable Spares |
|
|
|
|
-Imported |
2.700 |
3.000 |
3.200 |
|
-Indigenous |
2.700 |
3.000 |
3.200 |
|
|
|
|
|
|
Adv. To Supp. Of raw materials and stores and spares |
1.000 |
1.200 |
1.800 |
|
Advance Payment of Taxes |
2.000 |
2.200 |
2.800 |
|
Other Current Assets |
3.000 |
3.500 |
4.500 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
103.800 |
122.800 |
135.700 |
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block |
24.000 |
27.000 |
30.000 |
|
|
|
|
|
|
Depreciation to date |
8.200 |
10.700 |
13.200 |
|
|
|
|
|
|
Net Block |
15.800 |
16.300 |
16.800 |
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investment/ Book Debts/ Advances/ Deposits Goods and Contractors |
0.000 |
0.000 |
0.000 |
|
Investment/ Book Debts Advance Deposits, which are not current Assets |
0.000 |
0.000 |
0.000 |
|
Long term investments (In Subsidiaries) |
0.000 |
0.000 |
0.000 |
|
Other non Current assets |
0.000 |
0.000 |
0.000 |
|
Security deposits |
0.300 |
0.300 |
0.300 |
|
|
|
|
|
|
TOTAL OTHER NON
CURRENT ASSETS |
0.300 |
0.300 |
0.300 |
|
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL ASSETS |
119.900 |
139.400 |
152.800 |
|
|
|
|
|
|
Tangible Net Worth |
61.000 |
67.200 |
75.800 |
|
|
|
|
|
|
Net Working Capital |
44.900 |
50.600 |
58.700 |
|
|
|
|
|
|
Current Ratio |
1.76 |
1.70 |
1.76 |
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
0.97 |
1.07 |
1.02 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
|
|
|
|
|
Raw Materials (Including Stores, and Other
Items used in the Process of Manufacture)
|
|
|
|
|
[a] Imported |
|
|
|
|
Months Consumption |
|
|
|
|
[b] Indigenous |
6.500 |
8.000 |
9.000 |
|
Months Consumption |
(3.700) |
(3.600) |
(3.800) |
|
|
|
|
|
|
Other consumable spares, Excluding those
included 1 above |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
2.700 |
3.000 |
3.200 |
|
Months Consumption |
(18.000) |
(16.000) |
(15.900) |
|
|
|
|
|
|
Stock in process |
4.000 |
4.500 |
4.800 |
|
Months cost of production |
(1.900) |
(1.700) |
(1.700) |
|
|
|
|
|
|
Finished goods |
32.600 |
40.000 |
43.200 |
|
Months cost of sales |
(16.300) |
(15.800) |
(15.500) |
|
|
|
|
|
|
Receivable other than export and deferred receivables
[including bills purchased and discounted by bankers] |
50.00 |
58.400 |
64.400 |
|
Months domestic sales |
(21.400) |
(20.000) |
(20.100) |
|
|
|
|
|
|
Export receivables [including bills purchased
and discounted by bankers months export sales] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
1.000 |
1.200 |
1.800 |
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash and bank balances investment (other
than long term) |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
Advances payment of taxes other current
assets |
5.000 |
5.700 |
7.300 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
103.800 |
122.800 |
135.700 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
42.000 |
44.400 |
48.000 |
|
Months Purchases |
(23.500) |
(20.000) |
(20.000) |
|
|
|
|
|
|
Credit for than Suppliers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Statutory liabilities |
0.900 |
1.100 |
1.200 |
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other C.L. and provision |
6.200 |
6.700 |
7.800 |
|
|
|
|
|
|
TOTAL |
49.100 |
52.200 |
57.000 |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS IN MILLIONS)
|
PARTICULAR |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
SOURCES OF FUNDS
|
|
|
|
|
|
|
|
|
|
Net Profit (after deferred tax) |
6.000 |
6.200 |
8.600 |
|
Depreciation |
2.300 |
2.500 |
2.500 |
|
Increase in share capital/appln./premium |
2.700 |
0.000 |
0.000 |
|
Increase in term liabilities (including public deposits) |
0.000 |
0.000 |
0.000 |
|
Decrease in |
0.000 |
0.000 |
0.000 |
|
Fixed assets and capital WIP |
0.000 |
0.000 |
0.000 |
|
Other non-current assets |
0.500 |
0.000 |
0.000 |
|
Inc./(dec.) in deferred tax liability /
(asset) |
0.000 |
0.000 |
0.000 |
|
Other |
0.000 |
0.000 |
0.000 |
|
TOTAL |
11.500 |
8.700 |
11.100 |
|
|
|
|
|
|
USES |
|
|
|
|
Net loss |
|
|
|
|
Decrease in term liabilities (including public deposits) |
0.000 |
0.000 |
0.000 |
|
Increase in |
0.000 |
0.000 |
0.000 |
|
Fixed assets and capital WIP |
5.300 |
3.000 |
3.000 |
|
Other non-current assets |
0.000 |
0.000 |
0.000 |
|
Dividend payments |
0.000 |
0.000 |
0.000 |
|
Inc./(Dec.) in deferred tax assets/(liability) |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
|
TOTAL |
5.300 |
3.000 |
3.000 |
|
|
|
|
|
|
Variation in NWC |
|
|
|
|
Long term surplus (+) / Deficit (-) |
6.200 |
5.700 |
8.100 |
|
Increase/decrease in current assets * (as per details given below) |
22.900 |
19.000 |
12.900 |
|
Increase/decrease in current liabilities
other than bank borrowings |
9.300 |
3.100 |
4.800 |
|
Increase/decrease in working capital gap |
13.600 |
15.900 |
8.100 |
|
Net surplus/ deficit |
(7.400) |
(10.200) |
0.00 |
|
Increase/decrease in bank borrowings |
7.400 |
10.200 |
0.000 |
|
Increase/decrease in net sales |
98.600 |
70.000 |
35.000 |
------------------------------------------------------------------------------------------------------------------------------
BREAKEVEN
POINT CALCULATION
(RS IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
|
|
|
|
|
Sales |
291.200 |
357.900 |
388.500 |
|
|
|
|
|
|
Increase / Decrease in Stocks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Raw Material Consumed |
213.400 |
265.500 |
286.800 |
|
|
|
|
|
|
Consumables |
18.000 |
22.500 |
24.200 |
|
|
|
|
|
|
Power & Fuel |
2.500 |
3.000 |
3.00 |
|
|
|
|
|
|
Labour |
4.000 |
5.000 |
5.500 |
|
|
|
|
|
|
Other Mfg. Expenses |
0.300 |
0.400 |
0.400 |
|
|
|
|
|
|
Repairs and Maintenance |
3.500 |
4.500 |
5.000 |
|
|
|
|
|
|
Interest Costs |
0.600 |
2.500 |
2.500 |
|
|
|
|
|
|
Admn. & Selling Costs |
17.000 |
18.800 |
20.600 |
|
|
|
|
|
|
TOTAL VARIABLE
COSTS |
259.300 |
322.200 |
348.300 |
|
|
|
|
|
|
CONTRIBUTION |
31.900 |
35.700 |
40.200 |
|
|
|
|
|
|
FIXED EXPENSES |
|
|
|
|
|
|
|
|
|
Interest Costs |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Power & Fuel (25%) |
2.500 |
3.000 |
3.300 |
|
|
|
|
|
|
Direct Labour/ Wages and Salary |
4.000 |
5.000 |
5.500 |
|
|
|
|
|
|
Other manu.exp. (10%) |
0.300 |
0.400 |
0.400 |
|
|
|
|
|
|
Admn. Cost (50%) |
17.00 |
18.800 |
20.600 |
|
|
|
|
|
|
Depreciation |
2.300 |
2.500 |
2.500 |
|
|
|
|
|
|
Insurance |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
26.100 |
29.700 |
32.300 |
|
|
|
|
|
|
NET PROFIT (PBT) |
5.800 |
6.000 |
7.900 |
|
|
|
|
|
|
BREAK EVEN POINT
% |
81.82 |
83.19 |
80.35 |
|
|
|
|
|
|
CASH BREAK EVEN
POINT |
74.61 |
76.19 |
74.13 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS.
IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
|
|
|
|
|
Domestic Sales |
280.000 |
350.000 |
385.000 |
|
|
|
|
|
|
Export Sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net Sales |
280.000 |
350.000 |
385.000 |
|
|
|
|
|
|
Operating Profit |
5.800 |
6.200 |
7.900 |
|
|
|
|
|
|
Profit Before Tax |
8.500 |
9.000 |
10.700 |
|
|
|
|
|
|
PBT/ Sales (%) |
3.04% |
2.57% |
2.78% |
|
|
|
|
|
|
Profit After Tax |
6.000 |
6.200 |
8.600 |
|
|
|
|
|
|
Cash Accrual |
8.300 |
8.700 |
11.100 |
|
|
|
|
|
|
PBDIT |
11.400 |
14.000 |
15.700 |
|
|
|
|
|
|
Paid Up capital |
55.000 |
55.000 |
55.000 |
|
|
|
|
|
|
Tangible net worth |
61.000 |
67.200 |
75.800 |
|
|
|
|
|
|
Adjusted TNW |
61.000 |
67.200 |
75.800 |
|
|
|
|
|
|
TOL/ TNW |
9.700 |
10.700 |
10.200 |
|
|
|
|
|
|
TOL/Adjusted TNW |
9.700 |
10.700 |
10.200 |
|
|
|
|
|
|
NWC |
44.900 |
50.600 |
58.700 |
|
|
|
|
|
|
Current Ratio |
1.76 |
1.70 |
1.76 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||
|
|
PERIOD IN MONTHS
|
||
|
INVENTORY
LEVELS |
|
|
|
|
Raw Material – Imported |
-- |
-- |
-- |
|
Raw Material – Indigenous |
0.37 |
0.36 |
0.38 |
|
Stock in Process |
0.19 |
0.17 |
0.17 |
|
Finished Goods |
1.63 |
1.58 |
1.55 |
|
Receivables – Domestic |
2.14 |
2.00 |
2.01 |
|
Receivables – Export |
-- |
-- |
-- |
|
Sundry Creditors |
2.35 |
2.00 |
2.00 |
|
|
|
|
|
|
|
RS. IN MILLIONS |
||
|
ASSESSED
BANK FINANCE |
|
|
|
|
Total Current Assets |
103.800 |
122.800 |
135.700 |
|
Other Current Liabilities |
49.100 |
52.200 |
57.000 |
|
Working Capital Gap |
54.700 |
70.600 |
78.700 |
|
Net Working Capital (Actual/Proj.) |
44.900 |
50.600 |
58.700 |
|
Assessed Bank Finance |
9.800 |
20.000 |
20.000 |
|
NWC to Total Current Assets |
43.26% |
41.21% |
43.26% |
|
Bank Finance to Total CA |
9.44% |
16.29% |
14.74% |
|
Sundry Creditors to Total CA |
40.46% |
36.16% |
35.37% |
|
Other CL to Total CA |
47.30% |
42.51% |
42.00% |
|
Inventories to Net Sales (Days) |
60 |
58 |
57 |
|
Receivable to Gross Sales (Days) |
65 |
61 |
61 |
|
S. Creditors to Purchases (Days) |
72 |
61 |
61 |
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
|
|
Net Sales/ TTA |
23.400 |
25.100 |
25.200 |
|
PBT/TTA |
7.09% |
6.46% |
7.00% |
|
Op. Costs/Net Sales |
97.71% |
97.51% |
97.30% |
|
Bank Finance CA |
9.44% |
16.29% |
14.74% |
|
Inv. + Recv. / Net Sales (Days) |
125 |
119 |
118 |
|
|
|
|
|
|
RISK
RATING RATIOS |
|
|
|
|
Current Ratio |
1.76 |
1.70 |
1.76 |
|
TOL/TNW |
9.700 |
10.700 |
10.200 |
|
PAT/Net Sales |
2.14% |
1.77% |
2.23% |
|
PBDIT/Intt. |
190.000 |
56.000 |
62.800 |
|
PBDIT/Tot. Capital Emp. (ROCE) |
9.51% |
10.04% |
10.27% |
|
Inv./N. Sales + Rec./Gr. Sales (Days) |
125 |
119 |
118 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. DHANWANT SINGH BHOGAL
MEMBER OF HIS FAMILY
(MRS. RANJIT KAUR BHOGAL)
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
1.857 |
|
Building |
9.850 |
|
TOTAL IMMOVABLE
PROPERTY |
11.707 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.292 |
|
Life Insurance Policies |
0.000 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.000 |
|
Investments in Business: |
0.000 |
|
-Bhogal Exports |
1.449 |
|
-Bhogal Sales Corporation |
17.892 |
|
-Bhogal Sons (Regd.) |
0.697 |
|
-Bhogal Brothers |
0.070 |
|
Other |
0.400 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
20.800 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
1.200 |
|
NETWORTH |
31.307 |
|
|
|
|
Immovable Properties |
11.707 |
|
Movable Properties |
20.800 |
|
TOTAL |
32.507 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. SURINDER SINGH BHOGAL
MEMBER OF HIS FAMILY
(MRS. JASBINDER KAUR
BHOGAL)
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
1.907 |
|
Building |
9.798 |
|
TOTAL IMMOVABLE
PROPERTY |
11.705 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.337 |
|
Life Insurance Policies |
0.100 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.075 |
|
Investments in Business: |
0.000 |
|
-Bhogal Exports |
2.950 |
|
-Bhogal Sales Corporation |
13.673 |
|
-Bhogal Sons (Regd.) |
0.235 |
|
-Bhogal Brothers |
0.070 |
|
Other |
1.000 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
18.440 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
1.200 |
|
NETWORTH |
28.945 |
|
|
|
|
Immovable Properties |
11.705 |
|
Movable Properties |
18.440 |
|
TOTAL |
30.145 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS. RANJIT KAUR BHOGAL
MEMBER OF HIS FAMILY
(MR. DHANWANT SINGH BHOGAL)
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
0.000 |
|
Building |
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.149 |
|
Life Insurance Policies |
0.000 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.700 |
|
Investments in Business: |
|
|
-Bhogal Exports |
0.000 |
|
-Bhogal Sales Corporation |
2.672 |
|
-Bhogal Sons (Regd.) |
0.000 |
|
-Bhogal Brothers |
0.000 |
|
Other |
0.300 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
3.821 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
0.000 |
|
NETWORTH |
3.821 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS. JASBINDER KAUR BHOGAL
MEMBER OF HIS FAMILY
(MR. SURINDER SINGH BHOGAL)
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
0.000 |
|
Building |
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.054 |
|
Life Insurance Policies |
0.570 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.700 |
|
Investments in Business: |
|
|
-Bhogal Exports |
0.088 |
|
-Bhogal Sales Corporation |
1.329 |
|
-Bhogal Sons (Regd.) |
0.000 |
|
-Bhogal Brothers |
0.000 |
|
Other |
0.000 |
|
FDR |
0.434 |
|
Loans and Advances |
0.300 |
|
TOTAL MOVABLE
ASSETS |
3.475 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
0.000 |
|
NETWORTH |
3.475 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS. ANEETA PREET KAUR
MEMBER OF HIS FAMILY
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
0.000 |
|
Building |
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.643 |
|
Life Insurance Policies |
0.570 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.150 |
|
Investments in Business: |
|
|
-Bhogal Exports |
0.204 |
|
-Bhogal Sales Corporation |
3.515 |
|
-Bhogal Sons (Regd.) |
0.000 |
|
-Bhogal Brothers |
0.000 |
|
Marketable Investments |
0.500 |
|
Other |
0.050 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
5.632 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
0.000 |
|
NETWORTH |
5.632 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. ROHANJEET SINGH BHOGAL
MEMBER OF HIS FAMILY
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
0.000 |
|
Building |
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.387 |
|
Life Insurance Policies |
0.600 |
|
Guns and Revolver |
0.100 |
|
Jewellery |
0.150 |
|
Investments in Business: |
|
|
-Bhogal Exports |
0.774 |
|
-Bhogal Sales Corporation |
12.669 |
|
-Bhogal Sons (Regd.) |
0.768 |
|
-Bhogal Brothers |
0.000 |
|
Marketable Investments |
0.200 |
|
Other |
0.300 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
15.948 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
0.000 |
|
NETWORTH |
15.948 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. RANDEEP SINGH BHOGAL
MEMBER OF HIS FAMILY
(MRS.
SIMRAN MALHOTRA)
(KUDRAT
BHOGAL)
(ISHRAT
BHOGAL)
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Land |
0.000 |
|
Building |
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Cash and Bank Balance |
0.048 |
|
Life Insurance Policies |
0.710 |
|
Guns and Revolver |
0.000 |
|
Jewellery |
0.150 |
|
Investments in Business: |
|
|
-Bhogal Exports |
0.086 |
|
-Bhogal Sales Corporation |
3.279 |
|
-Bhogal Sons (Regd.) |
0.000 |
|
-Bhogal Brothers |
0.000 |
|
Marketable Investments |
0.500 |
|
FDR |
0.113 |
|
Other |
0.240 |
|
Loans and Advances |
0.000 |
|
TOTAL MOVABLE
ASSETS |
5.126 |
|
|
|
|
LESS: LIABILITIES |
|
|
Loan For Home |
0.000 |
|
NETWORTH |
5.126 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF
IMMOVABLE PROPERTY
Assessment of fair market value of the immoveable property comprising of a portion of industrial building situated at Property No.110411 (Portion), Near Bank of India, Dhandari Kalan, G.T. Road, Ludhiana owned by Bhogal Sales Corporation (through Mr. Surinder Singh Bhogal S/o Mr. Karam Singh , Bhogal) was inspected on March 11, 2013 required for the purpose of submitting in Bank of India, Dhandari Kalan, Ludhiana as on current date.
After giving careful consideration to the various important factors like the specifications, present condition age and future life replacement cost, depreciation, potential for marketability, etc. am of the opinion that.
· Fair market value of the property: Rs.54.698 Millions
· Realizable value of the property: Rs.43.759 Millions
· Forced/Distress sale value of the property: Rs.35.554 Millions
· Government registration value of the property:
Rs. in Millions
|
Construction |
3.127 |
|
|
Value of plot (3967 sqyds. @ Rs.3000/- per sqyd.) |
11.901 |
|
|
TOTAL |
|
15.028 |
|
SAY |
|
15.028 |
GENERAL
INFORMATION
|
Purpose for which valuation is made |
Fair Market Value |
|
|
|
|
Date on Inspection is made |
March 12,2013 |
|
|
|
|
Name of Owner/Owners |
Bhogal Sales
Corporation (through Mr. Surinder Singh Bhogal S/o Mr. Karam Singh Bhogal) |
|
|
|
|
If the property is under joint ownership
Co-ownership, share of each owner. Are the shares undivided? |
Self Ownership |
|
|
|
|
Brief Description of the property |
Portion of Industrial Building |
|
|
|
|
Location, Street, Ward No. |
Property No. 110411 (Portion), Near Bank of India, |
|
|
|
|
Survey No./ Plot No. of Land |
Dhandari man, G.T. Road, Ludhiana |
|
|
|
|
In the property is situation in residential/
commercial/ mixed area/ industrial area? |
Mixed locality |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity to civil amenities like School
Hospital, Offices, Markets, Cinemas etc |
Available |
|
|
|
|
Means and proximity to surface Communication by which the locality is
served. |
By Road |
|
|
|
|
LAND |
|
|
|
|
|
Area of Land supported by documentary Proof, Shape, Dimensions and
Physical features. |
3967 Sqyds (6
kanal 11 marla |
|
|
|
|
Roads, Streets or Lanes on which the land
abutting |
G.T. Road |
|
|
|
|
It is free hold or lease-hold land? |
Free Hold |
|
|
|
|
Is there any
restrictive covenant in regard to use of land? |
Not Applicable (Free Hold) |
|
|
|
|
Does the land fall in an area included in
any town planning scheme or any development plan of government or statutory
body? If so give particulars |
Municipal Corporation Ludhiana |
|
|
|
|
IMPROVEMENT |
|
|
Is the building owner occupied / tenanted
both? |
Owner Occupied |
|
|
|
|
If party owner occupied, specify portion and
extent of area under owner occupation |
Whole Property |
|
|
|
|
What is the floor space index permissible
and percentage actually utilized? |
As per M.C. bye-laws |
|
|
|
|
SALES |
|
|
|
|
|
Give instances of sales of Immovable property in the locality on a
separate sheet, including the name and address of the property, registration
No., sale price and area of land sold |
No instances of sale available |
|
|
|
|
Land rate adopted in this valuation |
Rs.13000/- per sqyd. |
|
|
|
|
If sale instances are not available or not relied upon the basis of
arriving at the land rate. |
The fair market value is assessed from
market quarries and other relevant records. |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion |
1993 |
|
|
|
|
What was the method of construction by
contract / by employing labour directly / both? |
By employing labour directly |
|
|
|
|
For items of works done on contract, produce copies of agreements |
Not Applicable |
|
|
|
|
For items of works done by engaging labour
directly give basic rates of materials and labour supported by documentary
proof. |
Estimated through rates for the covered
areas are applied. |
------------------------------------------------------------------------------------------------------------------------------
|
Area of Plot |
3967 Sqyds (6 Kanal 11 marla) |
|
|
|
|
|
|
Boundaries: |
||
|
|
AS PER DEED |
|
|
East |
Rasta 20’ wide |
(315’-0”) |
|
West |
Purchaser |
(240’-0”+75’-0”) |
|
North |
Puja Clinic etc. and Purchaser |
(82’-6”+175’-0”) |
|
South |
Seller |
(240’-0”) |
|
|
|
|
|
|
AS PER DEED |
|
|
East |
Street |
|
|
West |
Property of Bhogal Sales Corporation and
Bhogal Private Limited |
|
|
North |
Property of Bhogal Sales Corporation and
Others Property |
|
|
South |
Property of Bhogal Private Limited |
|
|
|
|
|
|
Year of Construction |
1993 |
|
|
|
|
|
|
Normal Life of Building |
60-65 Years |
|
------------------------------------------------------------------------------------------------------------------------------
PHYSICAL INFORMATION OF THE
PROPERTY
|
Ownership |
Bhogal Sales Corporation [through Mr. Surinder Singh Bhogal S/o Mr.
Karam Singh Bhogal] |
|
|
|
|
Address |
Property No. 1104/1 (Portion), Near Bank of
India, Dhandari Kalan, G.T. Road, Ludhiana |
|
|
|
|
The geographical address of property on
world map |
Latitude-30° 52’03.13” N ------- Longitude -
75°55’15.90”E |
|
|
|
|
Title deed/ deeds numbers [Only photocopies] |
Wasika No. 13089 Dated 23.08.1990 |
|
|
|
|
The genuineness and legality of these
ownership documents is to be authenticated by legal advisor as this could not
be ascertained at valuer’s level. |
|
|
|
|
|
Documents given by |
Owner |
|
|
|
|
The property is owner occupied / tenanted/
both |
Owner Occupied |
|
|
|
|
The year/ years of construction |
1993 |
------------------------------------------------------------------------------------------------------------------------------
LOCATION:
The property under question is located at
property No. 1104/1 (Portion), Near Bank of India, Dhandari Kalan, G.T. Road,
Ludhiana. It is mixed locality and facilities like pacca roads, street lights,
school and hospital are all available in its vicinity. This locality is within
Municipal Corporation Limits.
ADDRESS OF THE PROPERTY:
|
AS PER DEED/
DEEDS |
AS PER SITE |
|
Mauja Dhandari Kalan, The. And District Ludhiana, Punjab, India |
Property No. 1104/1 (Portion), Near Bank of India, Dhandari Kalan, G.T.
Road, Ludhiana, Punjab, India |
------------------------------------------------------------------------------------------------------------------------------
THE GEOGRAPHICAL ADDRESS OF
PROPERTY ON WORLD MAP
Latitude - 30°52’03.13” N – Longitude -
75°55’15.90”E
IDENTIFICATION OF PROPERTY
DOCUMENTS MADE AVAILABLE:
As per document produced by the owner, the
area of the plot comes out to be 3967 sqyds (6 kanal 11 marla)
(Vide wasika no.13089 dated 23.08.1990)
PHYSICAL IDENTIFICATION
The property has been identified as under:-
|
AS PER DEED |
|
|
East |
Rasta 20’ wide (315’-0”) |
|
West |
Purchaser (240’-0+75’-0”) |
|
North |
Puja Clinic etc. purchaser (82’-6”+175’-0”) |
|
South |
Seller (240’-0”) |
|
|
|
|
AS PER SITE |
|
|
East |
Street |
|
West |
Property of Bhogal Sales Corporation and
Bhogal Private Limited |
|
North |
Property of Bhogal Sales Corporation and Others
Property |
|
South |
Property of Bhogal Private Limited |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
(RS. IN MILLIONS)
VALUATION OF CONSTRUCTION
SCHEDULE OF
COVERED AREAS
|
GROUND FLOOR |
|
|
PACKING SHED (ACC) |
|
|
Specification same as mentioned in the
description of construction. |
|
|
Approximately covered area = 2800.00 sq. ft.
2800.00 sq. ft. @ Rs.275/- per sq. ft. |
0.770 |
|
|
|
|
LABOUR QUARTERS (RBC) |
|
|
Specification same as mentioned in the
description of construction. |
|
|
Approximately covered area = 900.00 sq. ft. 900.00 sq. ft. @ Rs.400/- per sq. ft. |
0.360 |
|
|
|
|
ETP SHED |
|
|
Specification same as mentioned in the
description of construction. |
|
|
Approximately covered area = 275.00 sq. ft. 270.00 sq. ft. @ Rs.250/- per sq. ft. |
0.069 |
|
|
|
|
COLOR COATED SHED (REAR SIDE) |
|
|
Specification same as mentioned in the description
of construction. |
|
|
Approximately covered area = 4180.00 sq. ft.
4180.00 sq. ft. @ Rs.290/- per sq. ft. |
1.212 |
|
|
|
|
PORTION OF SHED (ACC) |
|
|
Specification same as mentioned in the
description of construction. |
|
|
Approximately covered area = 5495.00 sq. ft.
5495.00 sq. ft. @ Rs.325/- per sq. ft. |
1.785 |
|
|
|
|
STORES (RCC) |
|
|
Specification same as mentioned in
description of construction. |
|
|
Approximately covered area = 620.00 sq. ft. 620.00 sq. ft. @ Rs.490/- per sq. ft. |
0.304 |
|
|
|
|
PROTION OF STORES SHED (ACC) |
|
|
Specification same as mentioned in
description of construction. |
|
|
Approximately covered area = 220.00 sq. ft. 220.00 sq. ft. @ Rs.200/- per sq. ft. |
0.044 |
|
|
|
|
SLUDGE SHED (ACC) |
|
|
Specification same as mentioned in
description of construction. |
|
|
Approximately covered area = 470.00 sq. ft. 470.00 sq. ft. @ Rs.250/- per sq. ft. |
0.118 |
|
|
4.662 |
|
|
|
|
BOUNDARY WALL AND GATE ETC. |
0.200 |
|
Add 5% for electrical installation on item
no. 1 to 8 |
0.233 |
|
Add 2.5% for water supply and sewerage
arrangement on item no. 1 to 8 |
0.117 |
|
Less depreciation @ 2% for 20 years i.e. 40%
in all |
2.085 |
|
|
3.127 |
|
|
|
|
LAND VALUE |
|
|
Keeping in to consideration various |
|
|
Factor such as size, shape, depth, frontage
and location of the plot, land rate is fixed @ Rs.13000/- per sq. yd. |
|
|
Hence 3967 sqyds. @ 13000/- per sqyd. |
51.571 |
|
|
|
|
TOTAL VALUE |
|
|
Part A + Part B |
|
|
Rs.3.127 Millions + Rs.51.571 Millions |
54.698 |
|
SAY |
54.698 |
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.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.