|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHIVA AUTO SALES PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Dubey Ka Parao, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
08.08.2012 |
|
|
|
|
Com. Reg. No.: |
051886 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50102UP2012PTC051886 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AGRS15302A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AARCS9269F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Authorised Dealer: Hyundai Motor India Limited for their Four Wheeler
Products. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Yet to commence business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company and it
is yet to commence with its business operation. Mr. Shalabh Mittal, Director Provided with
us all information and also confirmed that the company will commenced its
commercial operation from January 2014. Payment term are unknown. The company can be consideration for
business dealings with great 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 – 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth continues
to be muted with factory output plunging to 0.6 % in August. Onion prices
have risen nearly 300 % from last September. Vegetables cost nearly 90 % more
than they did last year. Wake up to the economic contribution of slum dwellers.
They contribute more than 7.5 % to the country’s gross domestic product,
according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Ashwimi |
|
Designation : |
Manager |
|
Contact No.: |
91-9897794551 |
|
Date : |
11.12.2013 |
LOCATIONS
|
Registered Office : |
Dubey Ka Parao, G. T. Road, Aligarh – 202001, Uttar Pradesh, India |
|
Tel. No.: |
91-571-2409641/ 2409642 |
|
Mobile No.: |
91-9897794551 (Mr. Ashwini) 91-9997604444 (Mr. Shalbh Mittal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Village Bhikampur Bhukrawali, 6th KM. G. T. Road, Aligarh,
Uttar Pradesh, India |
|
Tel. No.: |
91-571 – 2222200 |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
5/11, Bannadevi, G. T. Road, Aligarh, Uttar Pradesh, India |
|
Tel. No.: |
91-571 – 2409640 |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Shiv Kumar Mittal |
|
Designation : |
Director |
|
Address : |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.01.1946 |
|
Qualification : |
B.Sc. Engg. |
|
Mobile No.: |
91-9897794554 |
|
DIN No.: |
05330703 |
|
Pan No.: |
ABFPM3986M |
|
|
|
|
Name : |
Mr. Shalabh Shuvkumar Mittal |
|
Designation : |
Director |
|
Address : |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.12.1968 |
|
Qualification : |
Graduate |
|
Mobile No.: |
91-9997604444 |
|
DIN No.: |
05334068 |
|
Pan No.: |
AASPM2681C |
|
|
|
|
Name : |
Mr. Ritu Ragini |
|
Designation : |
Director, Proprietor, Partner |
|
Address : |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.05.1968 |
|
Qualification : |
Post Graduate |
|
Mobile No.: |
91-9997602222 |
|
DIN No.: |
05333914 |
|
Pan No.: |
AAVPR0394P |
|
|
|
|
Name : |
Mrs. Sudha Rani Mittal |
|
Designation : |
Director, Proprietor, Partner |
|
Address : |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Date of Birth/Age : |
24.02.1951 |
|
Qualification : |
Post Graduate |
|
Mobile No.: |
91-9997604444 |
|
DIN No.: |
05330717 |
|
Pan No.: |
AAXPM0033E |
|
|
|
|
Name : |
Mr. Nandita Mittal |
|
Designation : |
Director, Proprietor, Partner |
|
Address : |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Date of Birth/Age : |
19.10.1993 |
|
Qualification : |
CA Articleship |
|
DIN No.: |
05333861 |
|
Pan No.: |
BRXPM7570C |
KEY EXECUTIVES
|
Name : |
Mr. Ashwimi |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHAREHOLDING DETAILS ARE NOT AVAILABLE.
BUSINESS DETAILS
|
Line of Business : |
Authorised Dealer: Hyundai Motor India Limited for their Four Wheeler
Products. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
· ICICI Bank Limited Aligarh – 202001, Uttar Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agarwal and Varshney Chartered Accountant |
|
Address : |
2/499, Patel Marg, Vishnu Puri, Near Canara Bank, Ramghat Road,
Aligarh – 202001, Uttar Pradesh, India |
|
Tel No.: |
91-571-2420262 (Off) |
|
Mobile No.: |
91-9837125177 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Shiva Automobiles Dubey Ka Parao, G. T. Road, Aligarh, Uttar Pradesh, India Dealer: Indian Oil Corporation Limited · Shiva Automobiles (Automobiles Division) Dubey Ka Parao, G. T. Road, Aligarh, Uttar Pradesh,
India Dealer : Bajaj Auto Limited Pan No.: AADFS4944G Date of Incorporation: 01.04.1998 |
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 |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT DIVULGED
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 WORKING
CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
|
|
Projected |
|||||
|
Gross Sales |
|
|
|
|
|
|
|
Domestic sales |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
Export sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Service Charges |
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 |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
|
|
|
|
|
|
|
|
Less: Excise
duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
|
|
|
|
|
|
|
|
Net Sales |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
|
|
|
|
|
|
|
|
Growth
(%) |
0.000 |
42% |
16% |
10% |
10% |
10% |
|
|
|
|
|
|
|
|
|
Cost of sales |
|
|
|
|
|
|
|
Raw materials (including stores and other
items used in process of manufacture) |
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Indigenous |
124.400 |
407.400 |
465.200 |
503.600 |
553.900 |
608.300 |
|
|
|
|
|
|
|
|
|
Other spares |
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Power and fuel |
0.150 |
0.600 |
0.720 |
0.800 |
0.900 |
1.000 |
|
|
|
|
|
|
|
|
|
Direct Labour (Factory wages and salary) |
1.200 |
7.200 |
11.100 |
12.200 |
13.400 |
14.700 |
|
|
|
|
|
|
|
|
|
Other manufacturing expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(a) Repair and maintenance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Other factory overheads |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.953 |
1.733 |
1.414 |
1.198 |
1.035 |
0.903 |
|
|
|
|
|
|
|
|
|
SUB TOTAL |
1267.713 |
416.933 |
478.434 |
517.798 |
569.235 |
624.903 |
|
|
|
|
|
|
|
|
|
Add: Opening stocks-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deduct: Closing stocks-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Cost
of Production |
1267.713 |
416.933 |
478.434 |
517.798 |
569.235 |
624.903 |
|
|
|
|
|
|
|
|
|
Add Opening stocks of finished goods |
0.000 |
30.700 |
42.600 |
54.700 |
60.000 |
66.000 |
|
Deduct: Closing stocks of finished goods |
30.700 |
42.600 |
54.700 |
60.000 |
66.000 |
72.000 |
|
|
|
|
|
|
|
|
|
SUB TOTAL (Total cost of
sales) |
96.013 |
405.033 |
466.334 |
512.498 |
563.235 |
618.903 |
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Exp. |
5.813 |
28.711 |
34.707 |
39.295 |
44.460 |
50.268 |
|
|
|
|
|
|
|
|
|
SUB TOTAL (5 + 6) |
101.826 |
433.744 |
501.041 |
551.796 |
607.695 |
669.171 |
|
|
|
|
|
|
|
|
|
Operating profit before interest |
1.974 |
7.956 |
9.359 |
9.604 |
9.805 |
10.129 |
|
|
|
|
|
|
|
|
|
Interest On |
|
|
|
|
|
|
|
-Term Loan |
0.486 |
1.203 |
1.074 |
0.929 |
0.765 |
0.581 |
|
-Working Capital |
0.800 |
3.600 |
3.600 |
3.600 |
3.600 |
3.600 |
|
-Other Loans, If any (Unsecured Loans) |
0.400 |
1.200 |
1.200 |
1.200 |
1.200 |
1.200 |
|
|
|
|
|
|
|
|
|
Operating profit after interest |
0.288 |
1.953 |
3.485 |
3.875 |
4.240 |
4.748 |
|
|
|
|
|
|
|
|
|
NON-OPERATING
INCOME/ EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add
other non-operating Income |
|
|
|
|
|
|
|
Interest earned |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Exchange fluctuation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Insurance Claim |
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 |
|
Sub
Total (Income) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Deduct
other non-operating Expenses |
|
|
|
|
|
|
|
Prel./Pre-op./Other exp. w/o |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Exchange fluctuation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prel./Pre-op./Other exp. w/o |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub
Total (Expenses) |
0.000 |
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 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit before tax/Loss |
0.288 |
1.953 |
3.485 |
3.875 |
4.240 |
4.748 |
|
|
|
|
|
|
|
|
|
Provision for taxes |
0.089 |
0.603 |
1.077 |
1.197 |
1.310 |
1.467 |
|
|
|
|
|
|
|
|
|
Net Profit/Loss |
0.199 |
1.350 |
2.408 |
2.678 |
2.930 |
3.281 |
|
|
|
|
|
|
|
|
|
Retained profit |
0.199 |
1.350 |
2.408 |
2.678 |
2.930 |
3.281 |
|
Ret. profit/Profit after Def. Tax (%) |
100% |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars
|
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
|
|
Projected |
|||||
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short term borrowing from banks (Incl.
bills purchase, disc. and excess borrowing placed on repayment) |
|
|
|
|
|
|
|
From applicant bank |
20.000 |
30.000 |
30.000 |
30.000 |
30.000 |
30.000 |
|
From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(Of which bills purch./disc.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total (A) |
20.000 |
30.000 |
30.000 |
30.000 |
30.000 |
30.000 |
|
|
|
|
|
|
|
|
|
Short term borrowing from others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Sundry Creditors (Trade) |
0.676 |
2.214 |
8.946 |
13.611 |
18.463 |
22.530 |
|
|
|
|
|
|
|
|
|
Adv. payments from customers/ deposits
from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Provision for taxation |
0.089 |
0.603 |
1.077 |
1.197 |
1.310 |
1.467 |
|
|
|
|
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other statutory liabilities (Due within
one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Dep./instal. of TL/DPGs/Deb. etc.(due
within one year) |
1.017 |
1.145 |
1.291 |
1.455 |
1.639 |
1.848 |
|
|
|
|
|
|
|
|
|
Other current liabilities and prov. (due
within one year) |
1.000 |
1.200 |
1.500 |
1.700 |
2.000 |
2.300 |
|
|
|
|
|
|
|
|
|
Sub Total (B) |
2.782 |
5.163 |
12.814 |
17.963 |
23.412 |
28.145 |
|
|
|
|
|
|
|
|
|
TOTAL CURR.
LIABILITIES |
22.782 |
35.163 |
42.814 |
47.963 |
53.412 |
58.145 |
|
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debenture (Not maturing within 1 year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Preference shares (redeemable after 1
year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TL (excl. instalments payable within one
year) |
9.469 |
8.323 |
7.032 |
5.577 |
3.938 |
2.090 |
|
|
|
|
|
|
|
|
|
Def. payment credits (excluding instal.
due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Term dep.(repayable after 1yr.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Term Liabilities |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
19.469 |
18.323 |
17.032 |
15.577 |
13.938 |
12.090 |
|
|
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
42.251 |
53.486 |
59.846 |
63.540 |
67.350 |
70.235 |
|
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
Ordinary share capital |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
General reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Revaluation reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other reserves (Excl. Provisions) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
WCTL |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus(+)/Deficit(-) in P&L A/C Deffered
tax liabilities |
0.199 |
1.549 |
3.957 |
6.635 |
9.565 |
12.846 |
|
|
|
|
|
|
|
|
|
NET
WORTH |
5.199 |
6.549 |
8.957 |
11.635 |
14.565 |
17.846 |
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
47.450 |
60.035 |
68.803 |
75.175 |
81.915 |
88.081 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and bank balances |
1.013 |
3.131 |
0.913 |
2.983 |
4.458 |
5.227 |
|
|
|
|
|
|
|
|
|
Inv. (other than long term inv.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Govt. and other trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Fixed deposits with banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Receivable other than deferred and Exports
(including bill purchased and discounted by banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Exp. receivables (including bills
purchased and disc.by banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Install of deferred receivables (due
within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Inventory: |
|
|
|
|
|
|
|
R.M.(including stores and other item used
in process of manufacture |
|
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Stocks-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished goods |
30.700 |
42.600 |
54.700 |
60.000 |
66.000 |
72.000 |
|
Other consumable spares |
|
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Adv. to supp. of raw materials and stores
& spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advance payment of taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other current assets |
1.000 |
1.200 |
1.500 |
1.700 |
2.000 |
2.300 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
32.713 |
46.931 |
57.113 |
64.683 |
72.458 |
79.527 |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross block (L & B, machinery and capital
work in progress) |
15.500 |
15.500 |
15.500 |
15.500 |
15.500 |
15.500 |
|
|
|
|
|
|
|
|
|
Depreciation to date |
0.963 |
2.696 |
4.110 |
5.308 |
6.343 |
7.246 |
|
|
|
|
|
|
|
|
|
NET
BLOCK |
14.537 |
12.804 |
11.390 |
10.192 |
9.157 |
8.254 |
|
|
|
|
|
|
|
|
|
OTHER
NON-CURR. ASSETS |
|
|
|
|
|
|
|
Inv./
book debts/ advances/ dep. which are not current assets |
|
|
|
|
|
|
|
-Inv. in subsidiary co./affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Adv. to supp. of capital goods and
contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deffered domestic receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deffered export receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Security deposits |
0.200 |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
Other NCA including dues from directors
Deffered tax assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
OTHER NON-CURRENT ASSETS |
0.200 |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
|
|
|
|
|
|
|
|
Intangible assets (patents, goodwill,
prel. expenses, expenses not provided for etc.) bad/doubtful |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
47.450 |
60.035 |
68.803 |
75.175 |
81.915 |
88.081 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PERFORMANCE AND
FINANCIAL INDICATORS
(RS. IN MILLIONS)
|
Particulars
|
31.03. 2014 |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
|
|
Projected |
|||||
|
|
|
|
|
|
|
|
|
Domestic Sales/
Receipts (Gross) |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
Exports Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net
Sales/ Receipts |
103.800 |
441.700 |
510.400 |
561.400 |
617.500 |
679.300 |
|
|
|
|
|
|
|
|
|
% rise / Fall (-) in Net Sales |
0.000 |
42% |
16% |
10% |
10% |
10% |
|
Operating Profit |
1.974 |
7.956 |
9.359 |
9.604 |
9.305 |
10.129 |
|
Profit Before
Tax |
0.288 |
1.953 |
3.485 |
3.875 |
4.240 |
4.748 |
|
PBT / Sales (%) |
0.28% |
0.44% |
0.68% |
0.69% |
0.69% |
0.70% |
|
Profit After Tax |
0.199 |
1.350 |
2.408 |
2.678 |
2.930 |
3.281 |
|
Cash Accrual |
1.648 |
4.286 |
4.895 |
4.805 |
4.730 |
4.765 |
|
Paid up Capital / Proprietor’s Capital |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
TNW (Total Net Worth) |
5.199 |
6.549 |
8.957 |
11.635 |
14.565 |
17.848 |
|
Adjusted TNW |
5.199 |
6.549 |
8.957 |
11.635 |
14.565 |
17.848 |
|
TOL/TNW (Times) |
8.13 |
8.17 |
6.68 |
5.46 |
4.62 |
3.94 |
|
Adjusted TOL/TNW |
8.13 |
8.17 |
6.68 |
5.46 |
4.62 |
3.94 |
|
NWC |
9.931 |
11.768 |
14.299 |
16.720 |
19.046 |
21.382 |
|
Current Ratio |
1.44 |
1.33 |
1.33 |
1.35 |
1.36 |
1.37 |
|
Other
Ratios: |
|
|
|
|
|
|
|
Operating Cost/ Sales (Receipts) % |
98.10% |
98.20% |
98.17% |
98.29% |
98.41% |
98.51% |
|
Net Sales (Receipts/ Total Tangible Assets
) |
2.19 |
7.36 |
7.42 |
7.47 |
7.54 |
7.71 |
|
PBDIT |
2.937 |
9.689 |
10.773 |
10.802 |
10.840 |
11.032 |
|
|
|
|
|
|
|
|
|
Long Term Debt Equity Ratio (DER) |
1.82 |
1.27 |
0.79 |
0.48 |
0.27 |
0.12 |
|
Average Long Term DER (5 Years) |
0.42 |
|||||
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
(MR. SHIVKUMAR RAM
MITTAL)
RS. IN MILLIONS
DETAILS OF ASSETS:
(I) IMMOVABLE
PROPERTIES:
|
ASSETS |
AREA |
FREE HOLD OR
LEASE HOLD |
LOCATION /
ADDRESS |
PRESENT VALUE |
|
NON AGRI LAND |
|
|
|
|
|
Commercial |
2450 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
12.500 |
|
Residential |
5668 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
40.000 |
|
Flat/House |
2174 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
40.000 |
|
Agri Land |
Feat |
Free |
Noida, Uttar Pradesh |
10.000 |
(II) MOVABLE
PROPERTIES/OTHER ASSETS:
INSURANCE POLICY
|
NAME OF COMPANY
AND BRANCH |
POLICY NO. |
DATE OF ISSUE |
SUM ASSURED |
ANNUAL PREMIUM |
|
|
|
|
|
|
|
LIC of India |
58764581 |
14.06.1961 |
0.050 |
1150 |
(III)
SHARES/DEBENTURE/ MUTUAL FUND ETC.
|
NAME OF COMPANY AND BRANCH |
NO. OF SHARES |
CURRENT MARKET VALUE |
|
BAFL |
400 |
2.200 |
|
Reliance |
500 |
0.350 |
(IV) VEHICLES
|
TYPE OF VEHICLE |
MODEL |
COST AT THE TIME OF PURCHASE |
|
Tata LPT |
2007 |
4.808 |
|
Wagner |
2010 |
2.392 |
(V) JEWELLERY
|
|
Quantity |
Valuation (Approx.) |
|
Gold |
504.28 Gram |
1493000 |
CAPITAL INVESTED IN BUSINESS: RS.4.774 MILLIONS
OTHER INVESTMENTS: RS.0.194 MILLIONS
DETAILS OF LIABILITIES:
LEGAL HEIRS/ FAMILY PARTICULARS:
|
NAME |
OCCUPATION |
RELATION |
AGE |
MARITAL STATUS |
ADDRESS |
|
Sudha Rani Mittal |
Housewife |
Wife |
62 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Shalabh Mittal |
Business |
Son |
45 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Ritu Raginj |
|
Daughter |
45 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
(MRS. SUDHA RANI
MITTAL)
RS. IN MILLIONS
DETAILS OF ASSETS:
(I) IMMOVABLE
PROPERTIES:
|
ASSETS |
OWN/JOINT NAME |
AREA |
FREE HOLD OR
LEASE HOLD |
LOCATION /
ADDRESS |
PRESENT VALUE |
|
NON AGRI LAND |
Owned |
1241 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
30.000 |
|
Commercial |
Owned |
6865 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
55.000 |
|
Residential |
Owned |
1298 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
30.000 |
|
Flat/House |
Owned |
480 sq. yd. |
Free |
-- |
20.000 |
|
Agri Land |
Owned |
900 sq. yd. |
Free |
Aligarh, Uttar Pradesh |
25.000 |
(II) MOVABLE
PROPERTIES/OTHER ASSETS:
INSURANCE POLICY
|
NAME OF COMPANY
AND BRANCH |
POLICY NO. |
DATE OF ISSUE |
SUM ASSURED |
ANNUAL PREMIUM |
|
|
|
|
|
|
|
LIC, Aligarh |
56034801 |
28.07.2001 |
0.150 |
15920 |
(III)
SHARES/DEBENTURE/ MUTUAL FUND ETC.
|
NAME OF COMPANY AND BRANCH |
NO. OF SHARES |
CURRENT MARKET VALUE |
|
BAFL |
699 |
0338 |
|
-- |
100 |
-- |
|
ICICI |
100 |
0.080 |
CAPITAL INVESTED IN BUSINESS: RS.0.400 MILLIONS
OTHER INVESTMENTS: RS.0.047 MILLIONS
DETAILS OF LIABILITIES:
|
BORROWED LOAN |
PURPOSE OF LOAN |
SECURITY |
|
|
|
|
|
Bank of India |
Housing Loan |
Sale Deed |
LEGAL HEIRS/ FAMILY PARTICULARS:
|
NAME |
OCCUPATION |
RELATION |
AGE |
MARITAL STATUS |
ADDRESS |
|
Shivkumar Ram Mittal |
Business |
Husband |
67 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Shalabh Mittal |
Business |
Son |
45 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Ritu Raginj |
|
Daughter |
45 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
(MR. SHALABH
MITTAL)
RS. IN MILLIONS
DETAILS OF ASSETS:
(I) IMMOVABLE
PROPERTIES:
|
ASSETS |
FREE HOLD OR
LEASE HOLD |
LOCATION /
ADDRESS |
PRESENT VALUE |
|
NON AGRI LAND |
|
|
|
|
Commercial |
Free |
G.T. Road, Aligarh, Uttar Pradesh, India |
50.000 |
|
Residential |
Free |
G.T. Road, Aligarh, Uttar Pradesh, India |
10.000 |
|
Flat/House |
Free |
-- |
100.000 |
|
Agri Land |
Free |
-- |
10.000 |
|
Others |
Free |
-- |
10.000 |
(II) MOVABLE
PROPERTIES/OTHER ASSETS:
INSURANCE POLICY
|
NAME OF COMPANY
AND BRANCH |
POLICY NO. |
SUM ASSURED |
ANNUAL PREMIUM |
|
|
|
|
|
|
LIC of India |
360130702 |
0.100 |
1111 |
|
LIC of India |
360396476 |
0.100 |
-- |
|
LIC of India |
560531377 |
0.050 |
2611 |
|
LIC of India |
560388661 |
1.000 |
114054 |
|
LIC of India |
510328662 |
1.000 |
114079 |
(III)
SHARES/DEBENTURE/ MUTUAL FUND ETC.
|
NAME OF COMPANY AND BRANCH |
NO. OF SHARES |
CURRENT MARKET VALUE |
|
BAFL |
350 |
0.167 |
|
-- |
164 |
0.129 |
|
ICICI |
-- |
-- |
(IV) VEHICLES
|
TYPE OF VEHICLE |
MODEL |
COST AT THE TIME OF PURCHASE |
|
Ritz Maruti |
2012 |
0.438 |
|
Toyota Innova |
2013 |
1.447 |
CAPITAL INVESTED IN BUSINESS: RS.7.666 MILLIONS
OTHER INVESTMENTS: RS.0.421 MILLIONS
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
(MRS. RITU RAGINJ)
RS. IN MILLIONS
DETAILS OF ASSETS:
(I) IMMOVABLE
PROPERTIES:
|
ASSETS |
OWN/JOINT NAME |
FREE HOLD OR
LEASE HOLD |
FREE HOLD OR
LEASE HOLD |
PRESENT VALUE |
|
NON AGRI LAND |
Owned |
2436 sq. yd. |
Free |
20.000 |
|
Commercial |
Owned |
511 sq. yd. |
Free |
60.000 |
|
Residential |
Owned |
1293 sq. yd. |
Free |
10.000 |
|
Flat/House |
Owned |
310 sq. yd. |
Free |
20.000 |
|
Agri Land |
Owned |
513 sq. yd. |
Free |
|
(II) JEWELLERY
|
|
Quantity |
Valuation (Approx.) |
|
Gold |
1580.300 Gram |
4590000 |
CAPITAL INVESTED IN BUSINESS: RS.1.400 MILLIONS
OTHER INVESTMENTS: RS.0.151 MILLIONS
DETAILS OF LIABILITIES:
|
BORROWED LOAN |
PURPOSE OF LOAN |
AMT. OF LOAN |
SECURITY |
|
|
|
|
|
|
Bank of India |
Housing Loan |
2.750 |
Sale Deed |
LEGAL HEIRS/ FAMILY PARTICULARS:
|
NAME |
OCCUPATION |
RELATION |
AGE |
MARITAL STATUS |
ADDRESS |
|
Shalabh Mittal |
Business |
Husband |
45 |
Married |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Nandita Mittal |
Student |
Daughter |
20 |
Unmarried |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
|
Saumitra Mittal |
Student |
Son |
18 |
Unmarried |
51, Mitra Nagar, Aligarh, Uttar Pradesh, India |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
(MS. NANDITA
MITTAL)
RS. IN MILLIONS
|
CAPITAL INVESTED IN BUSINESS: |
RS.0.440 MILLIONS |
|
OTHER INVESTMENTS: |
RS.0.075 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY
VALUATION REPORT
|
Name and Address of the Owners |
Mrs. Sudha Rani Mittal W/o Mr. Shiv Kumar
Mittal and Mrs. Ritu Rageni Mittal W/o Mr. Shalabh Mittal R/O 51, Mitra
Nagar, Tehsil Koil, Aligarh 202001, Uttra Pradesh, India |
|
|
|
|
Site Situated At |
Residential Building Bearing MN NH No.3/162,
Mohalla Marris Road, Paragna and Tehsil Koil, Aligarh (Uttar Pradesh) |
|
|
|
|
Surrounding of the Property |
East – Rasta 20’00” wide to Janakpuri, Mts
this side 78.70 feet. West – Rasta 12’0”, measurement this side is
83.90 sq. mts. North – State Bank colony, Measurement this
side 143.90 feet and in the south – P/o Mohari Lal Gaur mts. This side 142.70
feet. |
|
|
|
|
Total Land Area of the property |
1081.47 sq. mts, or 1293.47 sq. yds. |
|
|
|
|
Schedule of existing covered areas at site |
GFCA (RBC Roofed): 186.20 sq. mts. FFCA (RBC Roofed): 15.49 sq. mts. Total Existing floors covered Area: 201.69
sq. mt. |
|
|
|
|
Present use and existing position of the
property |
Owner occupied residential property where
boundary wall with entrance M. S. Gate with open maintain garden on the
northern and western side of the property and GFCA with FFCA existing 201.69
sq. mt. on both the floors as mentioned above has been found at site with RBC
about 29 years old construction, Total life of the RBC Construction
considered is 60 years in this valuation for the depreciation calculation
consideration. |
|
|
|
|
Valuation Procedure |
Valuation of the property shall be made on
the basis of cost of land and cost of construction thereon. To arrive at the cost
of land present prevailing market rate of land will be taken which is
tremendously increased and varied @ Rs.40,000.00 per sq. mts. To @
Rs.65,000.00 per sq. mts. Depending upon the position and existing of the
land, in question is laying slightly away from the Main Marris Road but
facing two side roads along the
property also situated in a Paush Colony of the city in civil lines area so
its market rate @ Rs.45,000.00 per sq. mts. Will be taken for the valuation
calculation purpose as a minimuim and reasonable rate as the existing
building is completely utilizing in residential activity and made of RBC
roofed slab structure of about 29 years old. And the cost of the construction
will be made on the converted area of the actual construction made at site
with due depreciation of 29 year. Calculation for valuation and observation
area as under. |
|
|
|
|
Calculation of valuation are as under (Cost of land and cost of
construction calculations) |
|
|
Total Land Area |
1081.47 sq. mts. |
|
Present market rate of land |
@ Rs.45,000.00 per sqmts. |
|
Present market value of land |
Rs.48.666 Millions |
|
Total floors covered area of the building |
201.69 sq. mts. |
|
Present rate of RBC Construction |
@ Rs.9,000.00 per sq. mts. |
|
Construction cost of building at present |
Rs.1.815 Millions |
|
Year of construction of property |
1984 |
|
Year of valuation |
2013 |
|
Total life of the RBC Structure |
60 years |
|
Present age of the Building |
29 years |
|
Future life of the building considered |
31 years |
|
Depreciation value of the construction |
9/10x18,15,210.00x 29/31 = Rs.0.790 Million |
|
Present depreciated value of the
construction |
Rs.1.815 Millions – Rs.0.790 Million =
Rs.1.026 Millions |
|
Cost of open area development etc. |
Rs.0.150 Million |
|
Present age of the building at present |
1 year |
|
Date of Inspection |
08.09.2013 |
|
Purpose of valuation |
To find out its fair market value |
|
Is there any electric connection found |
Yes, electric connection of 5 Kwh |
|
Is the property owner occupied |
Yes |
|
Proximity to civic amenities like school,
hospital, railways and Roadways bus stand |
Within 4.00 kms |
|
Proximity to approached by which locality is
served |
By Road only
|
|
Source of water
supply in the unit |
Yes, Own Water Arrangements |
|
Details of Registration of he property |
Date of Reg. 27.09.2013 wide Bahi No.1, Jild
no.7039, Page No.357 to 454 and Reg. Sr. No.5805 by S. Reg. I Tehsil Koil
Aligarh. |
|
Controlling authority on the property |
Mahan agar Nigam and Aligarh Administration
Aligarh. |
|
Total Value of the construction |
Rs.48.666 Millions + Rs.1.026 Millions +
Rs.0.150 Million = Rs.49.872 Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE
·
Mr.
Deepak Mittal, Mamu Bhanja, Aligarh 91-9837061090
·
Er. D. C. Varshney ,Industrial Estate, I.T.I.
Road, Aligarh 91-9219556578
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
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.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
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 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.