|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHAWANI RUBBER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R D Mall, 1st Floor, 269, G. T. Road (North), Liluah,
Howrah – 711204, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
03.07.2012 |
|
|
|
|
Com. Reg. No.: |
183406 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U25190WB2012PTC183406 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the Manufacturing of Reclaimed Rubber Sheets
from Waste Rubber Tyres. |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and establishing itself gradually. Mr. Arun Shrivastava, Accountant has provided general information to
us. The company is engaged in the manufacturing of reclaimed rubber sheets
from waste rubber tyres. Trade relations are reported as improving. Business is active. Payment
terms are unknown. The company can be considered for business dealings on safe and secured
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Arun Shrivastava |
|
Designation : |
Accountant |
|
Contact No.: |
91-9800063897 |
|
Date : |
16.08.2013 |
LOCATIONS
|
Registered Office : |
R D Mall, 1st Floor, 269, G. T. Road (North), Liluah,
Howrah – 711204, West Bengal, India |
|
Tel. No.: |
91-33-64554167/ 2654800 |
|
Mobile No.: |
91-9800063897 (Mr. Arun Shrivastava) 91-9230535894 (Mr. Anupkumar Ashok Lakhotia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Located at: Chandanpur, Mahikriti, Haripal, Singur |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Anupkumar Ashok Lakhotia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
241/16, G T Road, Liluah, Howrah – 711204, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.07.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00841592 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Minoo Lakhotia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
241/16, G T Road, Liluah, Howrah – 711204, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.09.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01991922 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Arun Shrivastava |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.06.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anupkumar Ashok Lakhotia |
|
5000 |
|
Minoo Lakhotia |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Manufacturing of Reclaimed Rubber Sheets
from Waste Rubber Tyres. |
PRODUCTION STATUS
|
Particulars |
Capacity in case of Manufacture |
|
|
|
|
Reclaimed Rubber |
3600 MT. |
GENERAL INFORMATION
|
No. of Employees : |
5 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Ghusuri Branch, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
· Bhawani Alumina Products Private Limited Line of Business: Aluminium · Bhawani Constructions Private Limited Line of Business: Real Estate |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
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 |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES:
NO CHARGES EXIST FOR COMPANY
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY
ESTIMATES
(RS. IN MILLIONS)
|
Particulars |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
|
(PROJECTION) |
|||||
|
INCOME |
|
|
|
|
|
|
|
Gross Domestic Sales |
81.798 |
90.952 |
97.963 |
104.974 |
111.985 |
118.997 |
|
Less: Excise Duty |
8.998 |
10.005 |
10.776 |
11.548 |
12.319 |
13.090 |
|
Net Domestic Sales |
72.800 |
80.947 |
87.187 |
93.427 |
99.667 |
105.907 |
|
|
|
|
|
|
|
|
|
Net Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total Income |
72.800 |
80.947 |
87.187 |
93.427 |
99.667 |
105.907 |
|
|
|
|
|
|
|
|
|
COST OF PRODUCTION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
20.160 |
21.840 |
23.520 |
25.200 |
26.880 |
28.560 |
|
Consumables |
5.760 |
6.240 |
6.720 |
7.200 |
7.680 |
8.160 |
|
Packing Charges |
0.576 |
0.624 |
0.672 |
0.720 |
0.768 |
0.816 |
|
Power and Fuel Cost |
13.879 |
14.916 |
15.952 |
16.989 |
18.026 |
19.062 |
|
Salary and Wages |
8.418 |
9.260 |
10.186 |
11.204 |
12.325 |
13.557 |
|
Other
Manufacturing Expenses |
1.820 |
2.024 |
2.180 |
2.336 |
2.492 |
2.648 |
|
Depreciation |
6.652 |
5.852 |
5.152 |
4.537 |
3.998 |
3.524 |
|
Total Cost of Production |
57.265 |
60.756 |
64.382 |
68.186 |
72.168 |
76.327 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock of SIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less: Closing Stock of SIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add: Opening
Stock of Finished Goods |
0.000 |
1.591 |
1.688 |
1.788 |
1.894 |
2.005 |
|
|
|
|
|
|
|
|
|
Less: Closing
Stock of Finished Goods |
1.591 |
1.688 |
1.788 |
1.894 |
2.005 |
2.120 |
|
|
|
|
|
|
|
|
|
Cost of Sales |
55.674 |
60.659 |
64.281 |
68.080 |
72.057 |
76.212 |
|
|
|
|
|
|
|
|
|
Administrative and Selling Expenses |
1.820 |
2.024 |
2.180 |
2.336 |
2.492 |
2.648 |
|
|
|
|
|
|
|
|
|
Sub Total (Adding Adm and Selling
Exp to cost of Sales) |
57.494 |
62.682 |
66.460 |
70.416 |
74.549 |
78.859 |
|
|
|
|
|
|
|
|
|
Operating Profit
before Interests |
15.306 |
18.264 |
20.726 |
23.011 |
25.118 |
27.047 |
|
|
|
|
|
|
|
|
|
INTEREST ON |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan |
5.163 |
4.809 |
4.042 |
3.127 |
2.006 |
0.693 |
|
Working Capital Limit |
1.140 |
1.140 |
1.140 |
1.140 |
1.140 |
1.140 |
|
Unsecured Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Operating Profit
after Interests |
9.003 |
12.316 |
15.545 |
18.744 |
21.972 |
25.214 |
|
|
|
|
|
|
|
|
|
Preliminary
Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit Before
Tax |
9.003 |
12.316 |
15.545 |
18.744 |
21.972 |
25.214 |
|
|
|
|
|
|
|
|
|
Provision for
Income Tax |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
|
|
|
|
|
|
|
|
Profit After Tax
|
6.169 |
8.382 |
10.544 |
12.689 |
15.428 |
17.534 |
|
|
|
|
|
|
|
|
|
Less: Transfer
to General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less: Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Retained Profit |
6.169 |
8.382 |
10.544 |
12.689 |
15.428 |
17.534 |
|
|
|
|
|
|
|
|
|
Add:
Depreciation |
6.652 |
5.852 |
5.152 |
4.537 |
3.998 |
3.524 |
|
|
|
|
|
|
|
|
|
Add: Preliminary
and Preoperative Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Net Cash Accrual
|
12.821 |
14.234 |
15.695 |
17.226 |
19.425 |
21.058 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
2013-2014 |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
|
(PROJECTION) |
||||||
|
EQUITY AND
LIABILITIES |
|
|
|
|
|
|
|
|
SHAREHOLDING FUND |
|
|
|
|
|
|
|
|
A] Share Capital |
|
|
|
|
|
|
|
|
- Equity Shares Capital |
13.643 |
15.323 |
15.323 |
15.323 |
15.323 |
15.323 |
15.323 |
|
|
13.643 |
15.323 |
15.323 |
15.323 |
15.323 |
15.323 |
15.323 |
|
|
|
|
|
|
|
|
|
|
B] Reserve and Surplus |
|
|
|
|
|
|
|
|
- Security Premium |
20.464 |
22.984 |
22.984 |
22.984 |
22.984 |
22.984 |
22.984 |
|
- Profit and Loss A/c |
0.000 |
6.169 |
14.551 |
25.095 |
37.784 |
53.212 |
70.745 |
|
|
20.464 |
29.153 |
37.535 |
48.079 |
60.768 |
76.196 |
93.729 |
|
|
|
|
|
|
|
|
|
|
C] Money receive against share Warrants |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
SHARE
APPLICATION MONEY |
|
|
|
|
|
|
|
|
Share Application Money Pending Allotment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NON-CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
A] Long Term Borrowings |
|
|
|
|
|
|
|
|
- Term Loan |
35.000 |
30.200 |
24.600 |
17.800 |
9.400 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
A] Short Term Borrowing |
|
|
|
|
|
|
|
|
- Cash Credit |
0.000 |
8.000 |
8.000 |
8.000 |
8.000 |
8.000 |
8.000 |
|
|
|
|
|
|
|
|
|
|
B] Trade Payable |
|
|
|
|
|
|
|
|
Sundry Creditors for Goods |
0.000 |
0.630 |
0.593 |
0.638 |
0.683 |
0.728 |
0.728 |
|
|
|
|
|
|
|
|
|
|
C] Other Current Liabilities |
|
|
|
|
|
|
|
|
Current
maturities of Term Loan |
0.000 |
4.800 |
5.600 |
6.800 |
8.400 |
9.400 |
0.000 |
|
Advance from Customer |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Liabilities for Expenses |
0.000 |
0.100 |
0.125 |
0.150 |
0.175 |
0.200 |
0.225 |
|
|
|
|
|
|
|
|
|
|
D] Short Term Provision |
|
|
|
|
|
|
|
|
Provisions for Taxation (Adj with adv Tax) |
0.000 |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
|
0.000 |
16.364 |
18.251 |
20.589 |
23.312 |
24.872 |
16.633 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
69.107 |
91.040 |
95.710 |
101.791 |
108.803 |
116.391 |
125.685 |
|
|
|||||||
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON CURRENT
ASSETS |
|
|
|
|
|
|
|
|
A] Fixed Assets |
|
|
|
|
|
|
|
|
Tangible Assets |
67.857 |
61.205 |
55.353 |
50.201 |
45.664 |
41.667 |
38.142 |
|
Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital Work in Progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Intangible
Assets Under Development |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
67.857 |
61.205 |
55.353 |
50.201 |
45.664 |
41.667 |
38.142 |
|
|
|
|
|
|
|
|
|
|
B] Non Current Investment |
0.000 |
6.000 |
11.000 |
16.000 |
21.000 |
26.000 |
31.000 |
|
|
|
|
|
|
|
|
|
|
D] Long Term Loans and Advances |
|
|
|
|
|
|
|
|
Security Deposit |
|
|
|
|
|
|
|
|
Capital Advance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Tax Paid (Adj with Prov) |
0.000 |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
|
0.000 |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
A] Inventories |
|
|
|
|
|
|
|
|
Raw Materials |
0.000 |
3.360 |
3.640 |
3.920 |
4.200 |
4.480 |
4.480 |
|
Stores and Spares |
0.000 |
0.960 |
1.040 |
1.120 |
1.200 |
1.280 |
1.280 |
|
Packing Materials |
0.000 |
0.096 |
0.104 |
0.112 |
0.120 |
0.128 |
0.128 |
|
Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
1.591 |
1.688 |
1.788 |
1.894 |
2.005 |
2.120 |
|
|
|
|
|
|
|
|
|
|
B] Trade Receivables |
0.000 |
6.817 |
7.579 |
8.164 |
8.748 |
9.332 |
9.332 |
|
|
|
|
|
|
|
|
|
|
C] Cash and Bank
Balance |
|
|
|
|
|
|
|
|
- Cash and Bank
Balance |
0.000 |
1.048 |
2.192 |
3.384 |
4.603 |
5.915 |
7.662 |
|
- Fixed Deposits |
1.250 |
1.250 |
1.250 |
1.2500 |
1.250 |
1.250 |
1.250 |
|
|
1.250 |
15.121 |
17.493 |
19.738 |
22.015 |
24.390 |
26.253 |
|
|
|
|
|
|
|
|
|
|
D] Short Term Loans
and Advances |
|
|
|
|
|
|
|
|
- Advance to Suppliers |
0.000 |
5.880 |
5.530 |
5.950 |
6.370 |
6.790 |
7.210 |
|
- Cash for
Future Expansion |
0.000 |
0.000 |
2.400 |
4.900 |
7.700 |
11.000 |
15.400 |
|
|
0.000 |
5.880 |
7.930 |
10.850 |
14.070 |
17.790 |
22.610 |
|
|
|
|
|
|
|
|
|
|
E] Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total |
69.107 |
91.040 |
95.710 |
101.791 |
108.803 |
116.391 |
125.685 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW
STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
|
(PROJECTION) |
||||||
|
A] SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pat with Interest added back |
0.000 |
12.472 |
14.330 |
15.725 |
16.956 |
18.574 |
19.367 |
|
Equity share capital |
13.643 |
1.680 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium |
20.464 |
2.520 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.000 |
6.652 |
5.852 |
5.152 |
4.537 |
3.998 |
3.524 |
|
Preliminary Expenses Written off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan |
35.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cash Credit |
0.000 |
8.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors for Goods |
0.000 |
0.630 |
(0.037) |
0.045 |
0.045 |
0.045 |
0.000 |
|
Advance from
Customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Liabilities for expenses |
0.000 |
0.100 |
0.025 |
0.025 |
0.025 |
0.025 |
0.025 |
|
Provisions |
0.000 |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
|
|
|
|
|
|
|
|
|
Total (A) |
69.107 |
34.887 |
24.104 |
25.948 |
27.618 |
29.186 |
30.596 |
|
|
|
|
|
|
|
|
|
|
B] APPLICATION |
|
|
|
|
|
|
|
|
Fixed Assets (Gross Block) |
67.857 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase or/
(Decrease) in Receivables |
0.000 |
6.817 |
0.763 |
0.584 |
0.584 |
0.584 |
0.000 |
|
Increases or/ (Decreases) in Stock |
|
|
|
|
|
|
|
|
Raw Material |
0.000 |
3.360 |
0.280 |
0.280 |
0.580 |
0.280 |
0.000 |
|
Stores & Spares Parts |
0.000 |
0.960 |
0.080 |
0.080 |
0.080 |
0.080 |
0.000 |
|
Packing Materials |
0.000 |
0.096 |
0.008 |
0.008 |
0.008 |
0.008 |
0.000 |
|
Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
1.591 |
0.097 |
0.101 |
0.106 |
0.111 |
0.116 |
|
Interest on Term Loan |
0.000 |
5.163 |
4.809 |
4.042 |
3.127 |
2.006 |
0.693 |
|
Repayment of Term Loan |
0.000 |
0.000 |
4.800 |
5.600 |
6.800 |
8.400 |
9.400 |
|
Interest on Working Capital Limits |
0.000 |
1.140 |
1.140 |
1.140 |
1.140 |
1.140 |
1.140 |
|
Interest on Unsecured Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Unsecured Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Fixed Deposit (Margin Money) |
1.250 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investments |
0.000 |
6.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
Advances to Suppliers |
0.000 |
5.880 |
(0.350) |
0.420 |
0.420 |
0.420 |
0.420 |
|
Advances to Suppliers of Capital Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Tax Paid |
0.000 |
2.834 |
3.934 |
5.001 |
6.054 |
6.544 |
7.680 |
|
Cash for Future Expansion |
0.000 |
0.000 |
2.400 |
2.500 |
2.800 |
3.300 |
4.400 |
|
Preliminary Exp. Not
written off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total |
69.107 |
33.839 |
22.960 |
24.756 |
26.399 |
27.873 |
28.849 |
|
|
|
|
|
|
|
|
|
|
Cash Surplus/(Loss) |
0.000 |
1.048 |
1.144 |
1.192 |
1.218 |
1.312 |
1.747 |
|
|
|
|
|
|
|
|
|
|
Opening Cash Balance |
0.000 |
0.000 |
1.048 |
2.192 |
3.384 |
4.603 |
5.915 |
|
|
|
|
|
|
|
|
|
|
Closing Cash
Balance |
0.000 |
1.048 |
2.192 |
3.384 |
4.6903 |
5.915 |
7.662 |
------------------------------------------------------------------------------------------------------------------------------
INSTALLED CAPACITY AND CAPACITY UTILIZATION
The capacity of the plant has been worked out on
the basis of uninterrupted production, standard yield and efficiency norms.
Plant will run for 300 days in a year on triple shift basis keeping 65 days for
maintenance purpose.
No. of Shift 3 Nos
No of Working Hours 8 Hrs
No of Working Days 300 Days
No. of
Cleaning and Maintenance Work
65 Days
Installed
Capacity
The details of installed capacity have been worked out as under:-
|
Capacity
per Hr. No.
of Hr. per day Capacity
per Day |
0.67 24 16 |
MT Hr. MT |
|
Installed
Capacity per Annum |
4,800 |
MT |
Capacity Utilisation
The Capacity Utilisation and Production in different years would be as under:-
|
Year |
Operating Months |
Capacity Level |
Production (in Ml) |
|
|
2014-2015 |
L2 |
60% |
2,880 |
MT |
|
2015-2016 |
12 |
65% |
3,120 |
MT |
|
2016-2017 |
12 |
70% |
3,360 |
MT |
|
2017-2018 |
12 |
75% |
3,600 |
MT |
|
2018-2019 |
12 |
80% |
3,840 |
MT |
|
2019-2020 |
12 |
85% |
4,080 |
MT |
|
Note:
Commercial Production will start from April 2014. |
||||
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.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.