|
Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CITIZEN PHARMA PACKAGING |
|
|
|
|
Formerly Known
As : |
SORICH FOILS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
14-A/003, Kapadia Nagar, CST Road, Kurla (West), Mumbai-400070,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
March 2013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer and Dealer of Aluminium Foil and Coating. |
|
|
|
|
No. of Employees
: |
10 [In Office 3 and In Factory 7] 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 partnership concern and establishing itself
gradually. The concern is engaged in the business of Aluminium Foil and
Coating. Trade relations are improving. Business is active. Payment terms are
unknown. The concern 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Subhan Khan |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9869263552 |
|
Date : |
06.06.2013 |
LOCATIONS
|
Registered Office : |
14-A/003, Kapadia Nagar, CST Road, Kurla (West), Mumbai-400070,
Maharashtra, India |
|
Tel. No.: |
91-22-26522512 |
|
Mobile No.: |
91-9869263552 [Mr. Subhan Khan] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 1655, Part I, Engineering Zone, GIDC, Sarigram-396155,
Gujarat, India |
|
Tel. No.: |
91-260-2780670 |
PARTNERS
|
Name : |
Mr. Aftab Subhan Khan |
|
Designation : |
Partner |
|
Address: |
Muskan Park, 3rd Floor, Flat No. 303, Ekta Nagar, Daheli
(Bhilad), Gujarat, India |
|
Date of Birth/Age : |
01.07.1989 |
|
Pan No.: |
BGMPK2296M |
|
|
|
|
Name : |
Mr. Prasanna Vittal Poojary |
|
Designation : |
Partner |
|
Address: |
Sector No. 5, C-67, Flat No. 103, Shantinagar, Mira Road (East),
District Thane-401107, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1974 |
|
Pan No.: |
ARMPP8910F |
|
Voter ID No.: |
MT/10/054/0120509 |
KEY EXECUTIVES
|
Name : |
Mr. Subham Khan |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Dealer of Aluminium Foil and Coating. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
L/C / Cash and Credit |
PRODUCTION STATUS
|
Particulars |
Capacity Per Annum |
Initial Date of Production/commencement of
Service |
||||
|
Aluminium Foils |
|
05.02.2013 |
GENERAL INFORMATION
|
Customers : |
End Users
|
|
|
|
|
No. of Employees : |
10 [In Office 3 and In Factory 7] Approximately |
|
|
|
|
Bankers : |
Bank of India, Bandra, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
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 |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
PROJECTION |
||||
|
Gross Sales |
|
|
|
|
|
|
Domestic |
100.000 |
120.000 |
140.000 |
160.000 |
180.000 |
|
Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
100.000 |
120.000 |
140.000 |
160.000 |
180.000 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
100.000 |
120.000 |
140.000 |
160.000 |
180.000 |
|
|
|
|
|
|
|
|
% age rise (+) or Fall (-) in Net Sales as compared to previous
year |
0.000 |
2.000 |
1.667 |
1.429 |
1.250 |
|
|
|
|
|
|
|
|
COST
OF SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Material (Including Stored and Other items used in the process of Manufacture) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
80.000 |
93.000 |
106.500 |
121.500 |
135.500 |
|
|
|
|
|
|
|
|
Others (Consumable) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Power and Fuel |
2.000 |
2.500 |
3.800 |
4.000 |
4.500 |
|
|
|
|
|
|
|
|
Direct Labour (Factory Wages and Salary) |
4.000 |
4.500 |
4.600 |
5.000 |
5.200 |
|
|
|
|
|
|
|
|
Other Manufacturing Expenses |
3.000 |
3.500 |
3.900 |
4.200 |
4.500 |
|
|
|
|
|
|
|
|
Depreciation |
0.675 |
0.574 |
0.802 |
0.682 |
0.805 |
|
|
|
|
|
|
|
|
Sub Total |
89.674 |
104.074 |
119.602 |
135.382 |
150.505 |
|
|
|
|
|
|
|
|
Add: Opening Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total |
89.674 |
104.074 |
119.602 |
135.382 |
150.505 |
|
|
|
|
|
|
|
|
Deduct : Closing Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost
of Production |
|
|
|
|
|
|
|
|
|
|
|
|
|
Add : Opening Stock of Finished Goods |
0.000 |
5.000 |
7.500 |
9.500 |
10.500 |
|
|
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
5.000 |
7.500 |
9.500 |
11.000 |
11.500 |
|
|
|
|
|
|
|
|
Sub Total (Total
Cost of Sales) |
84.675 |
101.574 |
117.602 |
133.882 |
149.505 |
|
|
|
|
|
|
|
|
Selling, General and Administrative
Expenses |
8.000 |
8.500 |
9.500 |
10.500 |
11.000 |
|
|
|
|
|
|
|
|
Sub total |
92.675 |
110.074 |
127.102 |
144.382 |
160.505 |
|
|
|
|
|
|
|
|
Operating Profit before Interests
|
7.325 |
9.926 |
12.898 |
15.618 |
19.495 |
|
|
|
|
|
|
|
|
Interest |
1.400 |
1.400 |
1.400 |
1.400 |
1.400 |
|
|
|
|
|
|
|
|
Operating Profit After Interests
|
5.925 |
8.526 |
11.498 |
14.218 |
18.095 |
|
|
|
|
|
|
|
|
Profit before
Taxes |
5.925 |
8.526 |
11.498 |
14.218 |
18.095 |
|
|
|
|
|
|
|
|
Less: Tax Provision |
2.455 |
3.090 |
3.552 |
4.393 |
5.562 |
|
|
|
|
|
|
|
|
Net Profit After
Tax |
3.470 |
5.436 |
7.946 |
9.825 |
12.533 |
|
|
|
|
|
|
|
|
Retained Profit |
3.470 |
5.436 |
7.946 |
9.825 |
12.533 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
PROJECTION |
||||
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
From applicant Banks |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total (A) |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
Short Term Borrowings from others |
|
|
|
|
|
|
Sundry creditors [Trade] |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
Sundry creditors [Expenses] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision of taxes |
2.455 |
3.090 |
3.552 |
4.393 |
5.562 |
|
Dividend Payable |
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 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other current liabilities and provision (Due within one year) |
2.200 |
3.200 |
3.700 |
4.200 |
4.500 |
|
|
|
|
|
|
|
|
Sub –
Total (B) |
9.655 |
11.290 |
12.252 |
13.593 |
15.562 |
|
|
|
|
|
|
|
|
Total
Current Liabilities |
19.655 |
21.290 |
22.252 |
23.593 |
25.562 |
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured Loans |
4.000 |
3.000 |
3.000 |
2.000 |
1.000 |
|
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Preferences Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Prop. Term Loan excluding installments < 1 year |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Loans (Excluding Installment) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term deposit (repayable one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total
Term Liabilities |
|
|
|
|
|
|
Total
of Outside Liabilities |
4.000 |
3.000 |
3.000 |
2.000 |
1.000 |
|
|
|
|
|
|
|
|
Net
Worth |
|
|
|
|
|
|
Share Capital Account |
4.500 |
6.470 |
9.706 |
15.652 |
20.977 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Shares Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
3.470 |
5.436 |
7.946 |
9.825 |
12.533 |
|
Differed Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Worth |
7.970 |
11.906 |
17.652 |
25.477 |
33.510 |
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
31.625 |
36.196 |
42.904 |
51.070 |
60.072 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.245 |
0.255 |
0.303 |
0.310 |
0.448 |
|
|
|
|
|
|
|
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Receivable Other than Exports |
20.000 |
22.000 |
25.000 |
30.000 |
38.000 |
|
|
|
|
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVENTORY: |
|
|
|
|
|
|
Raw materials
(including stores and other item used in the process of manufacturing) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Stock – in – process |
|
|
|
|
|
|
Finished Goods |
5.000 |
7.500 |
9.500 |
11.000 |
11.500 |
|
|
|
|
|
|
|
|
Other Consumable Spares |
|
|
|
|
|
|
Imported Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
|
|
|
|
|
|
Advances Payments Taxes |
2.455 |
3.090 |
3.552 |
4.393 |
5.562 |
|
Other current assets (specify major items ) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
27.700 |
32.845 |
38.355 |
45.703 |
55.510 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
Gross Block |
4.600 |
3.925 |
5.351 |
6.049 |
5.367 |
|
Depreciation to date |
0.675 |
0.574 |
0.802 |
0.682 |
0.805 |
|
|
|
|
|
|
|
|
NET
BLOCK |
3.925 |
3.351 |
4.549 |
5.367 |
4.562 |
|
|
|
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
|
|
|
|
|
|
Investment in subsidiary company |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Others
Debtors (6 month) |
|
|
|
|
|
|
Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
31.625 |
36.196 |
42.904 |
51.070 |
60.072 |
|
|
|
|
|
|
|
|
Tangible Net Worth |
7.970 |
11.906 |
17.652 |
25.477 |
33.510 |
|
|
|
|
|
|
|
|
Net Working Capital |
8.045 |
11.555 |
16.103 |
22.110 |
29.948 |
|
|
|
|
|
|
|
|
Current Ratio |
1.41 |
1.54 |
1.72 |
1.94 |
2.17 |
|
|
|
|
|
|
|
|
Debt Equity Ratio |
2.97 |
2.04 |
1.43 |
1.00 |
0.79 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
PROJECTION |
||||
|
|
|
||||
|
Paid Up Capital |
4.500 |
6.470 |
9.706 |
15.652 |
20.977 |
|
|
|
|
|
|
|
|
Networth |
7.970 |
11.906 |
17.652 |
25.477 |
33.510 |
|
|
|
|
|
|
|
|
Less: Revaluation Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Tangible Worth |
7.970 |
11.906 |
17.652 |
25.477 |
33.510 |
|
|
|
|
|
|
|
|
Investment in Subsidiaries and Associates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Investments in Other Companies |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Loans and Advances to Subsidiaries etc. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
NET SALES |
100.000 |
120.000 |
140.000 |
160.000 |
180.000 |
|
|
|
|
|
|
|
|
% age increase over previous year |
0.000 |
20.00 |
40.00 |
33.33 |
28.57 |
|
|
|
|
|
|
|
|
OTHER INCOME: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
6.600 |
9.100 |
12.300 |
14.900 |
18.900 |
|
|
|
|
|
|
|
|
Deprecation |
0.675 |
0.574 |
0.802 |
0.682 |
0.805 |
|
|
|
|
|
|
|
|
Taxation |
2.455 |
3.090 |
3.552 |
4.393 |
5.562 |
|
|
|
|
|
|
|
|
Net Profit/(Loss) |
3.470 |
5.436 |
7.946 |
9.825 |
12.533 |
|
|
|
|
|
|
|
|
Previous Year’s Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Profit / (Loss) as per balance sheet |
3.470 |
5.436 |
7.946 |
9.825 |
12.533 |
|
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Fixed Assets (Gross) |
4.600 |
3.925 |
5.351 |
6.049 |
5.367 |
|
|
|
|
|
|
|
|
Fixed Assets (Net of Depreciation) |
3.925 |
3.351 |
4.549 |
5.367 |
4.562 |
|
|
|
|
|
|
|
|
Contingent
Liabilities Not Provided For: |
|
|
|
|
|
|
|
|
|
|
|
|
|
RATION ANALYSIS |
|
|
|
|
|
|
Current Ratio |
1.41 |
1.54 |
1.72 |
1.94 |
2.17 |
|
Total Debt/Equity Ratio |
2.97 |
2.04 |
1.43 |
1.00 |
0.79 |
|
Gross Profit/Net Sales (%) |
6.60 |
7.58 |
8.79 |
9.31 |
10.50 |
|
Interest Service Coverage Ratio |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Debt Service Coverage Ratio |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in Subsidiary etc/Networth |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
SUMMARY OF ASSESSMENT ON
WORKING CAPITAL REQUIREMENT
(RS. IN
MILLIONS)
|
S. No. |
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
PROJECTION |
||||
|
|
|
|
||||
|
A) |
Total Current Assets |
27.700 |
32.845 |
38.355 |
45.703 |
55.510 |
|
|
|
|
|
|
|
|
|
B) |
Total Current Liabilities |
9.655 |
11.290 |
12.252 |
13.593 |
15.562 |
|
|
|
|
|
|
|
|
|
C) |
Working Capital GAP |
18.045 |
21.555 |
26.103 |
32.110 |
39.948 |
|
|
|
|
|
|
|
|
|
D) |
Minimum Stipulated Working Capital (25% of
‘A’) |
6.925 |
8.211 |
9.589 |
11.426 |
13.878 |
|
|
|
|
|
|
|
|
|
E) |
Actual / Projected Working Capital |
8.045 |
11.555 |
16.103 |
22.110 |
29.948 |
|
|
|
|
|
|
|
|
|
F) |
(C - D) |
11.120 |
13.344 |
16.514 |
20.684 |
26.071 |
|
|
|
|
|
|
|
|
|
G) |
(C - E) |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
H) |
MPBF (Lower of F and G) |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSESSABLE
INCOME
MR. AFTAB SUBHAN KHAN
(RS. IN
MILLIONS)
|
Particular |
Amount |
|
BUSINESS INCOME |
|
|
Net Profit as per profit and loss account |
0.194 |
|
|
|
|
INCOME FROM OTHERS SOURCES |
|
|
Bank Interest |
0.000 |
|
|
|
|
SAYS |
0.194 |
|
|
|
|
Income Tax There On |
0.001 |
|
Add: Edu. Cess @ 3% |
0.000 |
|
Add: Interest U/S 234 A |
0.000 |
|
|
|
|
INCOME TAX PAID U/S 140 A |
0.001 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. AFTAB SUBHAN KHAN
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
|
|
|
|
A] MOVEABLE/IMMOVABLE PROPERTIES/ASSETS |
|
|
Investment in Citizen Pharma Packaging |
0.500 |
|
Loans and Advances |
0.250 |
|
Cash and Bank Balance |
0.067 |
|
TOTAL VALUE OF
ASSETS (A) |
0.817 |
|
|
|
|
B] LIABILITIES/LOANS |
|
|
Nil |
0.000 |
|
|
|
|
TOTAL VALUE OF
LIABILITIES (B) |
0.000 |
|
|
|
|
NET WORTH (A-B) |
0.817 |
------------------------------------------------------------------------------------------------------------------------------
CAPITAL ACCOUNT
MR. AFTAB SUBHAN KHAN
(RS. IN MILLIONS)
AS ON 31.03.2012
|
Particular |
Amount |
Particular |
Amount |
|
To Drawing |
0.085 |
By Balance B/F |
0.370 |
|
|
|
|
|
|
To Balance C/F |
0.479 |
By Net Profit |
0.194 |
|
|
|
By Bank Interest
|
0.000 |
|
|
|
|
|
|
TOTAL |
0.564 |
TOTAL |
0.564 |
------------------------------------------------------------------------------------------------------------------------------
ABRIDGED BALANCE SHEET
MR. AFTAB SUBHAN KHAN
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
0.479 |
0.370 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.479 |
0.370 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.479 |
0.370 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
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 |
|
0.058 |
0.048 |
|
|
Cash & Bank Balances |
|
0.171 |
0.222 |
|
|
Other Current Assets |
|
0.100 |
0.100 |
|
|
Loans & Advances |
|
0.150 |
0.000 |
|
Total
Current Assets |
|
0.479 |
0.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.000 |
0.000 |
|
|
Net Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.479 |
0.370 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.327 |
0.278 |
|
|
|
TOTAL |
|
0.327 |
0.278 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Labour Job Paid |
|
0.097 |
0.079 |
|
|
|
Sundry Expenses |
|
0.010 |
0.009 |
|
|
|
Conveyance Expenses |
|
0.008 |
0.007 |
|
|
|
Electricity Charges |
|
0.007 |
0.006 |
|
|
|
Telephone Expenses |
|
0.009 |
0.007 |
|
|
|
Professional Fees |
|
0.002 |
0.002 |
|
|
|
TOTAL |
|
0.133 |
0.110 |
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
|
0.194 |
0.168 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
59.33 |
60.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
40.50 |
45.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.41 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.00 |
0.00 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
PRASANNA VITTAL POOJARY
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
|
|
|
|
A] MOVEABLE/IMMOVABLE PROPERTIES/ASSETS |
|
|
Investment in Insurance/Mutual Fund |
0.250 |
|
Capital Investment |
|
|
Pharma Care Products |
3.800 |
|
Sorich Foil Private Limited |
0.683 |
|
MM Thermal Engineers (Advance For Machine
Purchase) |
0.050 |
|
Gold and Jewellery |
0.375 |
|
O/s Payments Receivable From Customers |
0.700 |
|
Cash and Bank Balance |
0.315 |
|
|
|
|
TOTAL VALUE OF
ASSETS (A) |
6.173 |
|
|
|
|
B] LIABILITIES/LOANS |
|
|
Loan From Indian Bank – For Machinery
Purchase |
0.750 |
|
|
|
|
TOTAL VALUE OF
LIABILITIES (B) |
0.750 |
|
|
|
|
NET WORTH (A-B) |
5.423 |
------------------------------------------------------------------------------------------------------------------------------
PHARMA CARE PRODUCTS
PROPRIETOR: MR. PRASANNA VITTAL POOJARY
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
|
3.800 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.287 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
1.287 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.087 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.067 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.997 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.575 |
|
|
Cash & Bank Balances |
|
|
0.241 |
|
|
Other Current Assets |
|
|
0.225 |
|
|
Loans & Advances |
|
|
2.560 |
|
Total
Current Assets |
|
|
3.601 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.338 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.240 |
|
Total
Current Liabilities |
|
|
0.578 |
|
|
Net Current Assets |
|
|
3.023 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.087 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
MR.
PRASANNA VITTAL POOJARY
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
AMOUNT |
|
|
|
|
|
INCOME FROM PROFIT / GAIN OF BUSINESS / PROFESSION |
|
|
|
|
|
|
|
INCOME FROM BUSINESS / PROFESSION |
|
|
|
Pharma Care Products |
|
|
|
Net Profit / (Loss) |
|
0.875 |
|
Add: Disallowable and / Items Considered
Separately |
|
|
|
Depreciation (Considered Separately) |
0.190 |
|
|
Less: Allowable and / Items Considered
Separately |
|
|
|
Depreciation |
0.190 |
0.875 |
|
|
|
|
|
Income From Other Sources |
|
|
|
Bank Interest / Interest on Bonds |
0.001 |
|
|
Other Income (Interest received on advance) |
0.107 |
0.108 |
|
|
|
|
|
GROSS TOTAL
INCOME |
|
0.983 |
|
|
|
|
|
Deduction Under Chapter Via |
|
|
|
Life Insurance Premium |
0.067 |
|
|
Educational Expenses |
0.007 |
|
|
|
|
|
|
Deduction U/S 80C |
|
0.074 |
|
|
|
|
|
U/S 80D Deduction in respect of Medical
Insurance Premia |
0.009 |
0.009 |
|
|
|
|
|
TOTAL INCOME |
|
0.900 |
|
|
|
|
|
Tax on Total Income |
|
0.122 |
|
|
|
|
|
Tax Payable |
0.122 |
|
|
|
|
|
|
Education Cess @ 3% |
0.004 |
|
|
|
|
|
|
Tax Payable + Education Cess |
|
0.126 |
|
|
|
|
|
Less: Advance Tax Paid |
|
|
|
14/09/2011, Paid Into: Axis Bank, Chinchwad
Branch, Sr. No: 00104 |
|
0.025 |
|
|
|
|
|
Less: Tax Deducted at Source |
|
|
|
- U/S 194 A |
|
0.010 |
|
- U/S 194 C |
|
0.105 |
|
|
|
|
|
REFUND |
|
(0.014) |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF
IMMOVABLE PROPERTY
PART-1
GENERAL
INFORMATION
|
Purpose for which valuation is made |
To Asses Fair Market Value |
|
|
|
|
Date on Inspection is made |
16/05/2013 |
|
|
|
|
Name of Owner/Owners |
Mr. Subhan Haji
Iqbal Khan |
|
|
|
|
If the property is under joint ownership
Co-ownership, share of each owner. Are the shares undivided? |
Individual |
|
|
|
|
Brief Description of the property |
Industrial Land and Building |
|
|
|
|
Location, Street, Ward No. |
Plot No. 1655, Sarigam Notified Industrial Area, GIDC, Taluka
Umbergaon, District Valsad |
|
|
|
|
Survey No./ Plot No. of Land |
Plot No. 1655 |
|
|
|
|
In the property is situation in residential/
commercial/ mixed area/ industrial area |
Industrial Area |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Industrial Class |
|
|
|
|
Proximity to civil amenities like School
Hospital, Offices, Markets, Cinemas etc |
All Amenities are available within 3 Km.
radius |
|
|
|
|
Means and proximity to surface Communication by which the locality is
served. |
By Road Transportation |
|
|
|
|
LAND |
|
|
|
|
|
Area of Land supported by documentary Proof, Shape, Dimensions and
Physical features. |
Area of land
1196 Smt |
|
|
|
|
Roads, Streets or Lanes on which the land
abutting |
As per Sr. No. 6 |
|
|
|
|
It is free hold or lease-hold land? |
Lease Hold |
|
|
|
|
Is there any
restrictive covenant in regard to use of land? |
As per lease deed |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner occupied / tenanted
both? |
Owner Occupied |
|
|
|
|
If party owner occupied, specify portion and
extent of area under owner occupation |
N.A. |
|
|
|
|
What is the floor space index permissible
and percentage actually utilized? |
As per GIDC by laws |
|
|
|
|
SALES |
|
|
|
|
|
Give instances of sales of Immovable property in the locality on a
separate sheet, including the name and address of the property, registration
No., sale price and area of land sold |
Considering the location of the property its industrial utility
potential demand factors affecting the value and current prevailing market
rates, estimate the rate Rs. 75000/- per Smt. Of land area after local
enquiry. |
|
|
|
|
Land rate adopted in this valuation |
Considering the location of the property its industrial utility
potential demand factors affecting the value and current prevailing market
rates, estimate the rate Rs. 75000/- per Smt. Of land area after local
enquiry. |
|
|
|
|
If sale instances are not available or not relied upon the basis of
arriving at the land rate. |
Considering the location of the property its industrial utility
potential demand factors affecting the value and current prevailing market rates,
estimate the rate Rs. 75000/- per Smt. Of land area after local enquiry. |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion |
2006 |
|
|
|
|
What was the method of construction by contract
/ by employing labour directly / both? |
N.A. |
|
|
|
|
For items of works done on contract, produce copies of agreements |
N.A. |
|
|
|
|
For items of works done by engaging labour directly
give basic rates of materials and labour supported by documentary proof. |
As per prevailing market rate at the time of
construction. |
------------------------------------------------------------------------------------------------------------------------------
PART-2
The property under consideration for valuation
is an industrial land and building situated on Plot No. 1655 in Sarigam Notified
Industrial Area, GIDC, Taluka Umbergam, District Valsad. The property is a
double height AC Sheet roofing shed having Kota Stone Flooring, Steel Frame,
Window and Steel Shutter. Considering the location, locality factors affecting
the market value of the property.
Value the property as under.
The four side of the property is as under.
East: By GIDC Road
West: By Plot No. 1656
North: By GIDC Road
South: By Plot No. 1654
1196 Smt. @
Rs.7500/- Smt. = 8.970 Millions
Main Shed (AC
Sheet Roofing D.H.):-
364.62 Smt. @
Rs.7000/- Smt. = Rs.2.552 Millions
Total Value of the
property = Rs.11.522 Millions
Say = Rs.11.522
Millions
Thus Fair Market
Value = Rs.11.522 Millions
Realizable Value =
Rs.10.370 Millions
Distress Value =
Rs.9.218 Millions
Jantri Value =
Rs.3.641 Millions
------------------------------------------------------------------------------------------------------------------------------
TECHNICAL DETAILS
|
No. of Floor and height of each floor |
AC Sheet Roofing
Shed |
|
|
|
|
Year of Construction |
2006 |
|
|
|
|
Estimated Future Life |
45 Years
depending upon maintenance in future |
|
|
|
|
Type of Construction-Load bearing Walls RCC Frame/Steel
Frame |
Load Bearing
Structure |
|
|
|
|
Type of foundation |
Spread Foot
Footing |
|
|
|
|
Wall |
Brick Masonary
in cement mortar |
|
|
|
|
Partitions |
Brick Masonary
in cement mortar |
|
|
|
|
Doors and Windows |
Steel Shutter/
Steel Frame/ Aluminium Section Windows |
|
|
|
|
Flooring |
Kota Stone
Flooring |
|
|
|
|
Finishing |
Cement
Plastering |
|
|
|
|
Roofing and Terracing |
AC Sheet Roofing
|
|
|
|
|
Special Architecture or Decorative Features
if any |
No |
|
|
|
|
Internal Wiring – Surface or Conduit |
Open Electric
Wiring |
|
|
|
|
Class of Fittings. Superior/Ordinary/Poor |
Ordinary |
|
|
|
|
Compound Wall |
No |
|
|
|
|
No. of Lifts and Capacity |
No |
|
|
|
|
Underground sump capacity and type of construction
|
N.A. |
|
|
|
|
Overhead Tank |
GIDC Water
Supply |
|
|
|
|
Pumps No. and their Horse Power |
N.A. |
|
|
|
|
Roads and paving within the compound
approximate area and type of paving |
No |
|
|
|
|
Sewage disposal whether connected to public
sewers. If septic tanks provided no. and capacity |
Connected to
drainage line |
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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.