|
Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AJ BLOCKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.259, Post Palsai, Taluka Wada, District Thane – 421312,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.07.2011 |
|
|
|
|
Com. Reg. No.: |
219712 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2011PTC219712 |
|
|
|
|
IEC No.: |
0312002921 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA6348K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Concrete Blocks. |
|
|
|
|
No. of Employees
: |
20 (Approximately) (Office – 5 and Factory – 15) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the subject company was incorporated during July 2011, it
is yet to commence its business activity. It is established to set up the concrete plant. Mr. Ajay J. Jangir, director has provided us with all information. Payment terms are unknown. The subject can be considered for business dealings on a 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 |
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. Ajay Jhabarmal Jangir |
|
Designation : |
Director |
|
Contact No.: |
91-9222288858 |
|
Date : |
11.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.259, Post Palsai, Taluka Wada, District Thane – 421312,
Maharashtra, India |
|
Tel. No.: |
91-22-25862656 |
|
Mobile No.: |
91-8888688000/ 9222288858 (Mr. Ajay Jhabarmal Jangir) 91-8888880488 (Mr. Jhabarmal Jangir) |
|
Fax No.: |
|
|
Area : |
9 Acres |
|
Location : |
Owned |
DIRECTORS
(AS ON 31.03.2013)
|
Name : |
Mr. Ajay Jhabarmal Jangir |
|
Designation : |
Director |
|
Address : |
Tower A-1303, Lakshachandi Heights, Gokuldham, Off Gen A. K. Vaidya
Marg, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1985 |
|
Qualification : |
Diploma in Com. Tech. |
|
Experience : |
8 years |
|
Date of Appointment : |
13.07.2011 |
|
DIN No.: |
03535123 |
|
|
|
|
Name : |
Mr. Jhabarmal Bhagwanram Jangir |
|
Designation : |
Director |
|
Address : |
Tower A-1303, Lakshachandi Heights, Gokuldham, Off Gen A. K. Vaidya
Marg, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1958 |
|
Experience : |
35 years |
|
Date of Appointment : |
13.07.2011 |
|
DIN No.: |
03535121 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ajay Jhabarmal Jangir |
|
5000 |
|
Jhabarmal B. Jangir |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
SHARE HOLDING PATTERN
|
|
Particulars |
No. of shares |
Amount |
(%) |
|
A |
Promoters’ Holding |
|
|
|
|
|
1. a. Indian Promoters |
10000 |
100000 |
100 |
|
|
b. Foreign Promoters |
---- |
--------- |
---- |
|
|
2. Personal acting in concert |
---- |
--------- |
---- |
|
|
Sub total |
10000 |
100000 |
100 |
|
B |
Financial Institutions / Banks / Mutual Funds |
---- |
--------- |
---- |
|
C |
Public |
---- |
--------- |
---- |
|
D |
Others |
---- |
--------- |
---- |
|
|
Grand Total |
10000 |
100000 |
100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Concrete Blocks. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Cash and Credit (60 days) |
PRODUCTION STATUS (AS ON 31.03.2013)
|
Particulars |
Installed Capacity |
Actual Production |
|
|
|
|
|
Concrete/ Cement Blocks |
12672000 |
New Project |
GENERAL INFORMATION
|
Customers : |
Wholesalers, End Users and Government Bodies and Builders. |
|
|
|
|
No. of Employees : |
20 (Approximately) (Office – 5 and Factory – 15) |
|
|
|
|
Bankers : |
· Canara Bank Vile Parle (East), Mumbai, Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. N. Khandekar and Associates Chartered Accountants |
|
Address : |
A-8 Aparna Apartments, S. V. Road, Next to Axis Bank, Andheri (West),
Mumbai – 400 058, Maharashtra, India |
|
Tel No.: |
91-22-26247575 |
|
Mobile No.: |
91-9820970166 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
· A J Construction Address: A-1303, Lakshachandi Heights, Gokuldham Film City Lane,
Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India Line of Business: CPWD Contractor
|
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.15.000
Millions
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
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]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
15.000 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
15.000 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
10.818 |
6.868 |
|
|
TOTAL BORROWING |
|
10.818 |
6.868 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
25.818 |
6.968 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
17.044 |
7.346 |
|
|
Capital work-in-progress |
|
0.212 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.260 |
0.450 |
|
|
Other Current Assets |
|
7.580 |
0.000 |
|
|
Loans & Advances |
|
0.822 |
0.000 |
|
Total
Current Assets |
|
8.662 |
0.450 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.141 |
0.869 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.141 |
0.869 |
|
|
Net Current Assets |
|
8.521 |
(0.419) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.041 |
0.041 |
|
|
|
|
|
|
|
|
TOTAL |
|
25.818 |
6.968 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.72 |
68.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
61.43 |
0.52 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
No |
|
12] |
Profitability for last two 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 |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DETAILS
(RS. IN MILLIONS)
|
Sr |
Particulars |
Estimated |
Projected |
Projected |
|
2014 |
2015 |
2016 |
||
|
I |
Net Sales / income |
140.659 |
300.073 |
315.077 |
|
II |
Other Income |
0.100 |
0.100 |
0.100 |
|
III |
Depreciation |
5.183 |
9.244 |
8.029 |
|
IV |
Net Profit after Tax |
18.406 |
42.774 |
47.112 |
|
V |
Capital |
37.500 |
37.500 |
37.500 |
|
VI |
Reserves and Surplus |
18.406 |
61.180 |
108.292 |
|
VII |
Less : Intangible Assets |
0.041 |
0.031 |
0.021 |
|
VIII |
Tangible Net worth |
55.865 |
98.649 |
145.771 |
|
IX |
Unsecured Loans & Deposits |
6.000 |
6.000 |
6.000 |
|
X |
Other Term Liabilities |
38.204 |
29.708 |
21.212 |
|
XI |
Bank borrowing |
40.000 |
40.000 |
40.000 |
|
XII |
Other Current Liabilities |
25.662 |
37.646 |
39.966 |
|
XIII |
Other Liabilities |
0.000 |
0.000 |
0.000 |
|
XIV |
Total of Liability
side of Balance Sheet |
165.730 |
212.003 |
252.949 |
|
XV |
Fixed Assets |
79.377 |
70.133 |
62.105 |
|
XVI |
Inventory |
31.000 |
39.996 |
61.496 |
|
XVII |
Receivables |
39.385 |
68.923 |
86.843 |
|
XVIII |
Cash & Bank Balance |
2.500 |
3.000 |
3.500 |
|
XIX |
Other Current Assets |
13.647 |
29.129 |
38.183 |
|
XX |
Funds invested outside business |
-- |
-- |
-- |
|
XXI |
Other Assets |
0.822 |
0.822 |
0.822 |
|
XXII |
Total of Asset side
of the Balance Sheet. It should be equal to column no XIV. |
166.730 |
212.003 |
252.949 |
|
XXIII |
Current Ratio |
1.30 |
1.82 |
2.38 |
|
XXIV |
Debt Equity Ratio (Total outside
Liability/TNW) |
1.97 |
1.15 |
0.74 |
|
XXV |
Debt/Equity Ratio (TTL/TNW) |
0.68 |
0.30 |
0.15 |
|
XXVI |
DSCR (If applicable) |
15.43 |
4.00 |
4.51 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.747 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.747 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
2.834 |
|
|
TOTAL BORROWING |
|
|
2.834 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.581 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.390 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.071 |
|
|
Other Current Assets |
|
|
0.120 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.191 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.191 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.581 |
|
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.287 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.287 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.287 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.234 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.003 |
|
|
Other Current Assets |
|
|
0.050 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.053 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.053 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.287 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF LAND
AND BUILDING
Plot Hearing Survey Nos. No. 127/1A, 127/BI, 258 and 259,
Village - Palsai, Taluka – Wada, District - Thane
As per request
from the A.G.M., Bank of India, Kandivali - (West) Branch, Kandivali - (West),
Mumbai - 400 067, they have inspected Land and Building thereon of A.J. Blocks
Private Limited at Land Bearing Survey Nos.127/1 A, 127/BI, 258 and 259,
Village - Palsai, Taluka - Wada, District - Thane.
Details of Inspection and Observations thereon are under:-
·
Date of Visit: 05/07/2013
·
Name of the Person Contacted :- Mr. Ajay Jangir
(Director)
·
Location :- The Property under
Consideration is Situated at a distance of @ 36 Kms. from Bhiwandi Railway
Station and @ 24 Kms. from Manor.
It is a well-developed Industrial Locality. Various Steel Rolling Units
and Factories such as Coca-Cola, Onida Electronics and Blue Star are located in
nearby Vicinity.
· Area:- 9.27 Acres
Survey wise Area Plot Is as under:- 127/BI = 10,100.00 sq. mtrs.
127/1A = 3,600.00 sq. mtrs.
258 = 6,800.00 sq. mtrs.
259 = 16,579.00 sq. Mtrs.
------------------------------------------
Total
Area = 37,079 sq. mtrs.
i..e.
9.26975 Acres
Say
= 9.27 Acres
· Land:- The land is Non Agricultural Land
· Site Development: The site development consists of land Levelling, Stone Masonary Compound Wall of @ 12’ height and Barbed Wire Fencing Along the Plot.
Details of Various structures are as under
-
A] Main Factory
Shed:-
Cement Concrete Flooring and G.I. Sheet Rooting Structure are provided in
the Main Factory Shed.
Height of the Shed is @ 36' to 40".
Total Constructed
Area = 224’00” x 102’00" = 22,848.00 Sq. ft.
B] Office Area
and Guest Rooms:-
This is Ground Storied R.C.C. Structure having Height of @ 11”.
Present Status:- Construction work is complete except for Flooring and
Electrical Wiring.\
1. Director’s Cabin 18’03”
X 15’00” = 273.75 sq. ft.
2. Factory Managers Cabin 18’03”
X 15’00” = 273.75 sq. ft.
3. Office Area 30’06”
X 26’00” = 793.00 sq. ft.
4. Guest Rooms 4
X (17’03” X 15’00”) = 1,035.00 sq. ft.
5. Common Area and Lobby 33’09”
X 20’00” = 675.00 sq. ft.
6. Kitchen 2
X (09’09”X 09”00”) = 175.50 sq. ft.
Total Constructed
Area =
3,226.00 sq. ft.
C] Store Room, Meter
Room and servant Quarters:-
This is Ground
Storied Load Bearing Structure with A.C. Sheet Roofing. Height is @ 10’.
I.P.S. Flooring
and Conduit Type Electrical Wiring is provided.
1. Store Room 63’06” X 44’00” =
2,794.00 sq. ft.
2. Servants Quarters
18’00” X 11’09” = 211.50
sq. ft.
3. Electric
Meter Room 16’09” X 16’09” =
280.56 sq. ft.
Total Constructed Area =
3,286.06 sq. ft.
D] Car Parking Area 32’00”
X 22’00” = 704.00 sq. ft.
Valuation:-
Considering location, Present Market Trends,
they adopt, a conservative Unit Rate of Rs.90,00,000/- Acre for valuation of
N.A. Land.
Land Valuation:- 9.27 Acres X
90,00,000/- = Rs.83.430 Millions
Site Development:-
Lump
sum Amount of Rs.7.500 Millions is considered for site development
BUILDINGS:-
STRUCTURE WISE VALUATION IS AS UNDER
|
Sr. No. |
Description of the Structures |
Constructed Area as per
Measurement (Sq.ft.) |
Unit Rate adopted for
Valuation (Rs./Sq.ft.) |
Fair Market Value (in Rs. in Millions) |
|
|
|
|
|
|
|
1) |
Main Factory Shed |
22,848.00 |
Rs.1,800/- |
41.126 |
|
2) |
Office Area and Guest Rooms |
3,226.00 |
Rs.1,0007- |
3.226 |
|
3) |
Store Room, Meter Room and Servant Quarters |
3,286.00 |
Rs.600/- |
1.972 |
|
4) |
Car Parking Area |
704.00 |
Rs.200/- |
0.141 |
|
|
Total |
-- |
-- |
46.465 |
|
|
Say |
|
|
46.500 |
|
Sr. No. |
Particulars |
Fair Market Value (Rs. In Millions) |
|
|
|
|
|
1) |
Land and Site Development |
90.900 |
|
2) |
Building |
46.500 |
|
|
|
|
|
|
Total |
137.400 |
DISTRESS SALES VALUE: RS.110.000 MILLIONS
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
Application of
Blocks
Some of the proven areas where a block is
being used are listed below:
·
Non-traffic Areas: Building Premises, Footpaths, Malls,
Pedestrian Plaza, Landscapes, Monuments Premises, Premises, Public
Gardens/Parks, Shopping Complexes, Bus Terminus Parking areas and Railway
Platform, etc.
·
Light Traffic: Car Parks, Office Driveway, Housing
Colony Roads, Office/Commercial Complexes, Rural Roads, Residential Colony
Roads, Farm Houses, etc.
·
Medium Traffic: Boulevard, City Streets, Small Market Roads,
Intersections/Rotaries on Low Volume Roads, Utility Cuts on Arteries, Service
Stations, etc.
·
Heavy and Very Heavy Traffic: Container/Bus Terminals, Ports/Dock
Yards, Mining Areas, Roads in Industrial Complexes, Heavy-Duty Roads on
Expansive Soils, Bulk Cargo Handling Areas, Factory Floors and Pavements,
Airport Pavement, etc.
ADVANTAGES OF
BLOCKS
·
Low
Maintenance
·
Internal walls can be finished directly by putty &
paint
·
Resistant to insects and pests
·
Available in 75 mm upwards with an increments of 25mm
·
Saves energy due to high Thermal insulation
INTRODUCTION OF
THE PRODUCT
Cement concrete hollow blocks have an important place in modern building
industry. They are cost effective and better alternative to burnt clay bricks
by virtue of their good durability, fire resistance, partial resistance to
sound, thermal insulation, small dead load and high speed of construction.
Concrete hollow blocks being usually larger in size than the normal clay
building bricks and less mortar is required, faster of construction is
achieved.
Also building construction with cement concrete hollow blocks provides
facility for concealing electrical conduit, water and sewer pipes wherever so
desired and requires less plastering.
ABOUT THE COMPANY
Subject was incorporated under companies Act
1956 in the state of Maharashtra on 13th July 2011 to set up the
Concrete Plant at Wada. The Registered Office of the Company is at A-1303,
Lakshchandi heights, Gokuldham (East) Mumbai – 400063, Maharashtra, India.
The company is promoted by Mr. Jhabarmal
Bhagwanram Jangir and his son Ajay Jhabarmal Jangir. The Main promoter Mr. Jhabarmal
Jangid, 53, has an experience of more than 30 years in the field road and civil
contracting. His firm A J construction is a registered vendor for CPWD. He
belongs to the Marwadi family of Jangids who are in the business of road and
civil contracting since last 30 years.
The promoter has decided with their vision and dynamism to set up a
plant for construction of Concrete/ cement blocks in Wada. The products are in
huge demand with the shortage of supply. Asia-Pacific is the fastest growing
regional market for building materials over the analyse is period 2007-2015.
Growth is primarily driven by strong construction activities. This is due to
mass exodus of manufacturing and production bases to low cost Asian countries.
Continuous and rapid industrialization in regional powerhouses such as China
and India is also a driving factor. Increasing income levels, higher spending
power, improving standards of living, etc. lead to higher demand for
residential and commercial constructions. Currently there are very few
blocks manufacturing plants across Mumbai/ Thane area that have fully automatic
production machines. The direct competitors are DB REALITY, CONWOOD and SUPER
BLOCKS.
The Company has purchased its 9 acres of land
at Plot No.259, Post: Palasi in Wada in, District Thane to set up the plant for
concrete/cement blocks. The blocks will utilised for faster and strong
construction of all kind of residential, commercial buildings, road and other
footpath making and to develop strong flooring of the open area of all
buildings.
The company has already constructed the
factory building of 22000 sq. Ft. Which includes Production area and Administrative
Office.
The promoters have decided to import the
Machineries from China for better quality and for high production capacity.
ABOUT THE PROMOTER
Name of the
Directors/Guarantors
|
Sr. No |
Name |
Age |
Designation |
Net Worth as on 31.03.13 (Rs. in Millions ) |
|
1 |
Jhabarmal B Jangir |
53 |
Director |
43.650 |
|
2 |
Ajay J Jangir |
27 |
Director |
12.030 |
Mr. Jhabarmal
Bhagwanram Jangir 53 ages. The
Main promoter Mr. Jhabarmal Jangid, 53, has an experience of more than 30 years
in the field road and civil contracting and construction. His firm A J
construction and Jubilee Engineering Works. Are into Road and Civil Contracting
and are registered vendor for CPWD. He belongs to the Marwadi family of Jangids
who are in the business of Road and Civil Contracting since last 30 years.
He has travelled through various countries like U.S.A, China, Thailand,
Pakistan, Australia, Singapore etc to study the best and latest trend for the upcoming projects of concrete blocks.
He is well respected in the industry for his vision, dynamism and
entrepreneurial qualities.
Ajay Jhabarmal Jangir 27 is a graduate from Pune University. He will be looking after the finance,
administration, sales. He is actively involved the implementation of this
project.
GROUP COMPANIES AND THEIR BUSINESS.
|
NAME OF
ASSOCIATE/GROUP CONCERN |
NAME OF DIRECTOR/
PARTNER |
LINE OF ACTIVITIES |
BANKING WITH PRESENT
LIMIT |
|
|
|
|
|
|
1. A J Construction |
Sharda Jangir |
Vendor |
CPWD |
|
2. Jubilee Engineering |
Jhabarmal Jangir |
Vendor |
CPWD |
|
|
|
|
|
THE PROJECT
The Company will be setting up a new
Concrete/cement blocks manufacturing plant at 259, palsai, Wada, District:
Thane. The Plant will be Located in Wada which is just 50 Kms away from
Mumbai Suburbs. Plant will be Equipped with all latest machineries imported
from China. The Projects will have total cost of Rs.89.500 Millions. The
Project will spread on the total land area of 9 acres. The company has already
acquired the the land. the construction of Factory building of 22000 sq.ft has
been already completed with a separate building for Administration. The plant
will have modern machines and well be equipped with:
·
JCB
·
Weighbridge
·
Fork
Lift nos. 3
·
Crane
with all latest attachments
The plant will have a production capacity of 1,26,72,000
blocks per annum in various designs.
The total cost of the Project will be
approximately Rs.89.500 Millions. The promoters will contribute Rs.42.860
Millions and remaining cost of Rs.46.700 Millions will be arranged through Term
lending from the bank which is almost amount 52.14% of total cost.
LOCATION
The Plant will be located at Plot No.259,
Palsai, Wada, District - Thane. The Plant will be Located in Wada which is
just 50 Kms away from Mumbai Suburbs. The Wada is very well known destination
for industries which has all facilities of water, Electricity and labour and
raw material in available easily. Wada being just 50 kms from Mumbai suburban
it’s easily achievable.
LAND
The company had already acquired land in year 2011 at Plot No.259, Palsai, Wada, District Thane, Maharashtra which has area of
37800 sq.mts (9 Acres).
BUILDING
|
Factory Building/ Shed |
Cost |
Sq. Ft |
Status |
|
Production Area |
76.50 |
20000 |
Ready |
|
Administrative Bldg. |
12.50 |
2500 |
Ready |
|
Rooms for Guest 4 |
12.50 |
2500 |
Ready |
|
Workshop/Cement Store |
15.00 |
3000 |
Proposed |
|
Rooms for Labour |
10.00 |
1000 |
Proposed |
|
Watchman Cabin |
0.37 |
74 |
Proposed |
|
Curing Chamber within Factory bldg 5500 sq.
ft. |
30.00 |
|
Proposed |
|
|
|
|
|
|
Total |
146.87 |
23074 |
|
The plant will have total constructed area of 27000 sq. ft. which
includes Factory shed 20000 sq. ft and administration building of 2000 sq. ft.
The Plant will have 4 rooms for Guests/customers/Director and another for
workers. There will be areas of around 5500 sq. ft. for Curing Chambers within
Factory building. Theses both buildings are already constructed by the company
from their own funds. The additional construction of Curing Chambers is yet to
carry out which will be done with bank finance.
MACHINERIES:
The main machines which is called as Automatic Block making Machine will
be purchased from QUANGONG CHINA will have
a capacity of 60 lacs blocks per annum(of larger size). The Machine will
cost USD 417850/- The other cost like Customs, Agency and Shipments and
transportation will Rs.6.317, 0.316 and 0.600 Million respectively. The machine
will take approximately 3 months for installation. The Chinese team will come
for the installation. The installation cost will be Rs.4.000 Millions.
Second major part of production is Pallets which will cost around Euro
88400 and other cost like Customs, Agency and Shipments and transportation will
Rs.1.620 Millions and 0.581 Million respectively.
|
Fully Automatic Production line for T10 |
$ |
417850 |
|
Automatic Block Making Machine |
|
|
|
(Including Spare Parts and Accessories |
|
|
|
Will be supplied by Quangong Machinery
Company China |
|
|
|
|
|
|
|
PINUS PINASTER PALLETS 1200x870x40MM |
$ |
88400 |
|
Will be supplied by MADERAS GOIRIZ .S.L. |
|
|
Advance payment of
Rs.7.500 Millions already sent to Supplier at China.
EQUIPMENTS
The plant will have
following latest equipments:
A. WEIGH BRIDGE:
The weigh bridge will have a capacity of 100 tons and it will be of 16mX3m size. It will cost approximately Rs.2.000 Millions. The prospective suppliers is Mettler-Toledo India Private Limited, Vasai.
B. JCB
The company will buy one JCB from Bombay JCB Earthmovers, Navi Mumbai with a cost of Rs.2.379 Millions. However other cost like transportation etc will be borne by the company. This requires moving the raw materials from one place to another.
C. SILO
This will have set of four machines separately called Welded
Fly Ash Silo of Rs.0.625 Million and Welded Cement Silo Rs.0.420 Millions and
Bulker unloading system of Rs.0.325 Million and Pipe line with etc Rs.0.045
Million.
D. FORKLIFTS
The project will require 3 forklifts with attachment which will cost around Rs.1.200 Million each and total cost will be Rs.3.600 Millions
.
E. CRANE
One crane will be required at project with cost of Rs.2.500 Millions for loading, unloading and moving of material from one place to another.
INFRASTRUCTURE
The WADA is a well known MIDC
in Thane district of Maharashtra state. It is well connected to Mumbai and
Gujarat and the rest of the country through a well-knit network of roadways.
The area has well developed motorable roads and have sufficient Water,
Electricity Labour and Raw Materials.
PRODUCTION CAPACITY
The plant and machinery
proposed in the project has a production capacity of 12672000 Nos. of cement
concrete hollow blocks of size 400X200X200 mm. At 75% utilisation of the
capacity, productions of 11300000 Nos. of blocks have been taken into consideration.
Cement concrete hollow blocks
are usually of the following three dimensions:
100X200X400 mm, 150X200X400
mm and 200X200X400 mm. Although hollow blocks of all the three sizes could be
made using the same machinery and equipment proposed in the project, for
computation purpose only one size viz 100X200X400 mm is considered in the sales
turnover. Hollow blocks of other sizes
could also be made depending on the user requirement.With the given set of
machinery and equipment used in making the hollow blocks, solid blocks could
also be made with the help of additional mould sets only.
RAW MATERIAL
Concrete is a mixture of ordinary Portland cement, mineral aggregate (sand and stone chips) and water. The water used in preparing the concrete serves two purposes:
(1) It combines with the cement to form a hardened paste
(2) It lubricates the aggregates to form a plastic and workable mass
The water that combines with the cement varies from about 22 to 28% of the total amount of mixing water in concrete. Mineral aggregates (sand and stone chips) are normally divided into two fractions based on their particle size. Aggregate particles passing through the No.4 or 4.7 mm Indian Standard sieve are known as fine aggregate. The particles retained on this sieve are designated as coarse aggregate. Natural sand is often used as fine aggregate in cement concrete mixture. Coarse aggregate are crushed stone chips. Crushed stone chips broken into particle sizes passing through the 4.7 mm sieve may also be used as fine aggregate. The maximum size of the coarse aggregate that may be used in cement concrete hollow blocks is 12.5 mm. However, the particle size of the coarse aggregate should not exceed one third thickness of the thinnest web of the hollow blocks.
Ordinary Portland cement is the cementing material used in cement concrete hollow blocks. Cement is the highest priced material per unit weight of the concrete. Hence, the fine and coarse aggregates are combined in such proportions that the resulting concrete is workable and has minimum cement content for the desired quality.
MANUFACTURING PROCESS
The process of manufacture of cement concrete hollow blocks involves the following 5 stages;
(1) Proportioning
(2) Mixing
(3) Compacting
(4) Curing
(5) Drying
(1) Proportioning:
The determination of suitable amounts of raw materials needed to produce concrete of desired quality under given conditions of mixing, placing and curing is known as proportioning. As per Indian Standard specifications, the combined aggregate content in the concrete mix used for making hollow blocks should not be more than 6 parts to 1 part by volume of Portland cement. If this ratio is taken in terms of weight basis this may average approximately at 1:7 (cement: aggregate). However, there have been instances of employing a lean mix of as high as 1:9 by manufacturers where hollow blocks are compacted by power operated vibrating machines. The water cement ratio of 0.62 by weight basis can be used for concrete hollow blocks.
(2) Mixing
The objective of thorough mixing of aggregates, cement and water is to ensure that the cement-water paste completely covers the surface of the aggregates. All the raw materials including water are collected in a concrete mixer, which is rotated for about 1 ½ minutes. The prepared mix is discharged from the mixer and consumed within 30 minutes.
(3) Compacting
The purpose of compacting is to fill all air pockets with concrete as a whole without movement of free water through the concrete. Excessive compaction would result in formation of water pockets or layers with higher water content and poor quality of the product.
Semi-automatic vibrating table type machines are widely used for making cement concrete hollow blocks. The machine consists of an automatic vibrating unit, a lever operated up and down metallic mould box and a stripper head contained in a frame work.5
Wooden pallet is kept on the vibrating platform of the machine. The mould box is lowered on to the pallet. Concrete mix is poured into the mould and evenly levelled. The motorised vibrating causes the concrete to settle down the mould by approximately 1 ½ to 1 ¾ inches. More of concrete is then raked across the mould level. The stripper head is placed over the mould to bear on the levelled material. Vibration causes the concrete come down to its limit position. Then the mould box is lifted by the lever. The moulded hollow blocks resting on the pallet is removed and a new pallet is placed and the process repeated. The machine can accommodate interchangeable mould for producing blocks of different sizes of hollow or solid blocks.
(4) Curing
Hollow blocks removed from the mould are protected until they are sufficiently hardened to permit handling without damage. This may take about 24 hours in a shelter away from sun and winds. The hollow blocks thus hardened are cured in a curing yard to permit complete moisturisation for at least 21 days. When the hollow blocks are cured by immersing them in a water tank, water should be changed at least every four days.
The greatest strength benefits occur during the first three days and valuable effects are secured up to 10 or 14 days. The longer the curing time permitted the better the product.
(5) Drying
Concrete shrinks slightly with loss of moisture. It is therefore essential that after curing is over, the blocks should be allowed to dry out gradually in shade so that the initial drying shrinkage of the blocks is completed before they are used in the construction work. Hollow blocks are stacked with their cavities horizontal to facilitate thorough passage of air.
Generally a period of 7 to 15 days of drying will bring the blocks to the desired degree of dryness to complete their initial shrinkage. After this the blocks are ready for use in construction work.
MARKETING ARRANGEMENT
The company will have its own marketing team to bring in the business for products. Since the promoters have their back ground from CPWD contractor they have developed their contact in the road construction field where maximum blocks are required. The company will sell to major constructions material suppliers and builder directly. The company will also appoint its dealers in different part of Mumbai, Thane and rest of country.
COST OF PROJECT AND MEANS OF FINANCE
The cost of the project and it’s proposed means of finance are as
follows:
(Rs. in Millions)
|
|
Cost of Project /
Means of Finance |
Promoter contribution |
Bank Term Loan |
Margin % |
Total |
|
|
|
|
|
|
|
|
1 |
Land |
7.857 |
0.000 |
10.000 |
7.857 |
|
1 |
Curring Chamber/other works |
1.925 |
3.575 |
3.500 |
5.500 |
|
2 |
Civil Cost of Factory Building |
9.187 |
0.000 |
10.000 |
9.187 |
|
3 |
Main Machines |
61.63 |
18.490 |
2.500 |
24.653 |
|
|
Customs ,Transportation Cost |
1.809 |
5.426 |
2.500 |
7.234 |
|
5 |
Pallets |
1.304 |
3.912 |
2.500 |
5.216 |
|
|
Customs ,Transportation Cost |
0.550 |
1.651 |
2.500 |
2.201 |
|
6 |
Weigh Bridge with transportation |
0.500 |
1.500 |
2.500 |
2.000 |
|
7 |
JCB with transportation |
0.652 |
1.849 |
2.606 |
2.500 |
|
8 |
Transformer/G.Set |
0.625 |
1.875 |
2.500 |
2.500 |
|
9 |
Silo with transportation |
0.400 |
1.200 |
2.500 |
1.600 |
|
10 |
fork Lift 3 with attachments & other
cost |
0.900 |
2.700 |
2.500 |
3.600 |
|
11 |
Cranes with attachment & other cost |
0.625 |
1.875 |
2.500 |
2.500 |
|
10 |
Erection fees |
1.000 |
3.000 |
2.500 |
4.000 |
|
11 |
Interest during construction |
2.981 |
0.000 |
10.000 |
2.981 |
|
12 |
Preoperative exps |
1.500 |
0.000 |
10.000 |
1.500 |
|
|
Contigencies |
4.000 |
0.000 |
10.000 |
4.000 |
|
|
Total |
41.978 |
47.051 |
4.715 |
89.029 |
|
|
|
|
|
|
|
|
|
COST OF PROJECT |
|
MEANS OF FINANCE |
|
|
|
|
TOTAL COST |
89.029 |
PROMOTERS |
|
42.329 |
|
|
|
|
|
|
|
|
|
|
|
TERM LOAN |
|
46.700 |
|
|
|
|
|
|
|
|
|
Total |
89.029 |
|
|
89.029 |
IMPLEMENTATION SCHEDULE:
|
Nature of activity |
Start time |
Completion |
Status |
|
Land acquirement and
Development |
2011 |
December
2012 |
Land
already acquired |
|
Building construction |
April
2012 |
March
2013 |
Completed |
|
Machineries |
April
2013 |
Aug
2013 |
Advance
Payment made |
|
Equipments |
September
2013 |
Sept.
2013 |
Quotation
received |
|
Transformer |
January
2013 |
March
2013 |
Deposit
already given |
|
Trial runs |
Sept/Oct
2013 |
Oct
2013 |
|
|
Final Production |
Oct 2013 |
Oct
2013 |
---- |
Details
of security offered (Primary/ collateral):
|
Particulars |
Amount (Rs in Millions) |
|
Prime Security |
|
|
Hypothecation stock and
book debts |
60.000 |
|
Equitable mortgage of
proposed Curing Chambers building |
5.500 |
|
Hypothecation of plant
and machinery and equipments. |
57.500 |
|
Total (A) |
119.000 |
|
Collateral Security |
|
|
Equitable mortgage of factory land and building of the company Located
at Plot no.259, Palsai,Wada, Thane dist. |
80.000 |
|
Total (B) |
199.000 |
|
Proposed borrowing from
the Bank Cash Credit Term Loan |
40.000 46.700 |
|
Total (C) |
86.700 |
|
Prime Security Coverage (A)/ (C) |
13.757 |
|
Collateral Security Coverage (B)/ (C) |
9.227 |
|
Total Security Coverage
{(A) + (B)} / (C) |
229.53 |
GUARANTEE OF
DIRECTORS WILL BE AVAILABLE TO SECURE THE LIMITS OF BANK.
SWOT ANALYSIS:
RISK ANALYSIS and
MITIGATION MEASURES PROPOSED BY THE COMPANY:
STRENGTHS
1. Plant will located just 50 kms away from Mumbai Suburb.
2. Promoters are well experienced in the field.
3. Promoters has a strong financial background
4. Demand supply gap
5. It will be a unique technically advanced factory.
6. It will facilitate construction needs by providing the most basic
and needed construction element; concrete hollow block.
Weakness
1. Generally,
demand is seasonal, where winter is considered a low season.
2. Fluctuations in
the prices of raw materials and cement
Opportunities
1. The construction market is a very active
sector and there is a constant demand for construction materials
2. The cost of other material like clay bricks
are increasing day by day due shortage of production.
3. Blocks help faster construction and it
saves labour cost.
4. The land purchase cost is very low so
total plant cost will be very low.
5. Mismatch between the demand and supply
6 In the long-term the this sector
in India has latent potential for growth.
7. Increasing population need more house to
be built.
Threats
1. Fluctuations in the prices of raw
materials and cement
2. Change in Govt. Policies may impact the
profitability.
3. The economic conditions of a country have a direct impact on sales.
PLANT
PROJECT AT WADA
I).
BORROWER’S PROFILE
|
Name of Borrower |
A J Blocks Private Limited |
|
Regd. Administrative Office. |
Plot No.259, Palsai, Wada, District Thane – 421312, Maharashtra,
India Plot No.259, Palsai, Wada, District Thane – 421312,
Maharashtra, India |
|
Works/Factory |
Plot No.259, Palsai, Wada, District Thane – 421312,
Maharashtra, India |
|
Constitution and Date of
constitution |
13.7.2011 Private Limited
Company. |
|
Line of activity |
Concrete Blocks |
|
Banking / Financing
arrangement |
Banking Arrangements with Canara Bank , Vile Parle (East) |
|
Management / Main Person
behind the show / Group |
a) Mr. Jhabarmal Jangir b) Mr. Ajay J Jangir Does not belong to any
Business Group. |
|
Net Worth of Borrower |
Rs.0.059 Million As on
31.03.2012 (Audited) Rs14.959 Millions As on
31.03.2013 (Estimated) |
|
Whether the company
/directors is/are listed in the defaulter list of RBI? |
No. |
|
Whether Priority Sector/
Export/ Others |
Others |
|
Type and Size of industry |
Existing : NIL Proposed : Concrete Blocks |
|
Industry to which the
borrower belongs |
Existing : NIL Proposed : Concrete blocks |
|
Market Value of Share
(listed) of the Company |
Shares not listed on any
Stock Exchange(s). |
|
Bankers |
Canara Bank, Vilie Parle
(East) |
|
Nature Facilities |
Term Loans Proposed –
Rs.46.700 Millions Working Capital Limit –
Rs.40.000 Millions |
|
IRAC Status |
Standard Asset (As on
31.03.2012) |
OWNERSHIP
AND MANAGEMENT
Names of
directors and their share holding pattern:
AJBPL is a closely held private limited company. The company’s
equity shares are not listed on any of the country’s stock exchanges. The
present capital structure and shareholding pattern of the company is as
follows:-
|
Authorize/Subscribed
and Paid-Up Share |
Capital (As on 31st March 2013) |
|
No. of Authorised Equity Shares |
10000 |
|
Face
Value of Equity Share |
10 |
|
Authorised Equity Share Capital |
1,00,000 |
|
Issued, Subscribed and Paid-Up Capital |
1,00,000 |
INDUSTRY SCENARIO AND
PROSPECTS:- CONCRETE BLOCKS
Cement concrete hollow blocks have an important place in modern building industry. They are cost effective and better alternative to burnt clay bricks by virtue of their good durability, fire resistance, partial resistance to sound, thermal insulation, small dead load and high speed of construction. Concrete hollow blocks being usually larger in size than the normal clay building bricks and less mortar is required, faster of construction is achieved.
Also building construction with cement concrete hollow blocks provides facility for concealing electrical conduit, water and sewer pipes wherever so desired and requires less plastering.
MARKET AND DEMAND
ASPECTS
Cement concrete hollow blocks are modern construction materials and as such are used in all the constructions viz. residential, commercial and industrial building constructions. Construction industry is a growing a sector. The demand for this product is always high in all cities and other urban centres due to construction of residential apartments, commercial buildings and industrial buildings.
Growing public awareness of the advantages of the product coupled with increase in the government and financial institutions support for housing which is a basic human necessity would ensure a healthy growth in the demand.
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.59.90 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
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 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--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 |
|
11 |
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.