MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
Bhardwaj Cranes and Elevators |
|
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
Year of Establishment
: |
1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.011 Millions |
|
|
|
|
IEC No.: |
3008000398 |
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TIN No.: |
03501146997 |
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|
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PAN No.: [Permanent Account No.] |
AEEPB6833J |
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|
Legal Form : |
Sole Proprietary Concern |
|
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|
Line of Business
: |
Manufacturer, Exporter and Trader of E.O.T. Cranes and Other Material Handling Equipments with Spares. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having a satisfactory
track record. The concern is engaged in the manufacturing of E.O.T. Cranes, Hoists and
Gear Box and Cane Unloaders. It has some growth in its turnover during 2013. Trade relations are
decent. Business is active. Payment terms are usually correct and as per
commitments. The concern can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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. Naresh Bhardwaj |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9815177061 |
|
Date : |
05.06.2013 |
LOCATIONS
|
Registered/
Corporate Office/ Factory : |
Dehlon Road, Opposite Umedpur Power House, Sahnewal, District Ludhiana
– 141120, Punjab, India |
|
Tel. No.: |
91-161-2847081/ 6531429/ 6531430 |
|
Mobile No.: |
91-9815177061 (Mr. Naresh Bhardwaj) |
|
Fax No.: |
91-161-2844084 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Naresh Bhardwaj |
|
Designation : |
Proprietor |
|
Address : |
Shivdhan, Dehlon Road, Opposite Power-House Sahnewal, Ludhiana – 141120, Punjab, India |
|
Date of Birth/Age : |
42 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of E.O.T. Cranes and Other Material Handling Equipments with Spares. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Apramapar
Enterprises ·
Berger Paint
India Limited ·
Crane Control
Equipment ·
Dhir Plastic
Machinery Company ·
Electroma Engineer
Private Limited ·
GK
International ·
GRS
Stationers ·
Gupta Allied
Agencies ·
Harpreet
Cryogenics Private Limited ·
Indiamart
Intermarsh Limited ·
Industrial
Age Publication ·
Industrial
Weld House ·
Jassika
Publication ·
Jugal Oxygen
Traders ·
Krishna Metal ·
Libra Gases
Private Limited ·
LSR Forg
Private Limited ·
Machinewel
Engineer ·
Magnum Steel
Pipe Industries ·
Micro Weld
(India) ·
Majestic Auto Limited ·
Namishwar
Enterprises ·
Namita
Electro Traders ·
Naresh Iron
and Steel Industries · NBM Industries · Paramount Steel Limited · Vallabh Tinplate (Private) Limited · Waryam Steel Casting Private Limited |
||||||||||||||||||||||||
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Customers : |
Wholesalers and OEM’s · Aarkay Multimetal Private Limited · Antractics Industries Limited · Bhardwai Cranes Private Limited · Emerlands India Private Limited · Emson Gear Limited · Gagan International · Gopal Foods · Gujarat Ship Scrap Corporation · Highway Industries Limited · Keaa International · J K Tyres · R N Gupta and Company Limited · Saimbhi Trading Company · Vardhman Special Steels Limited · Vee Kay Concast Private Limited · Ludhiana Steel Rolling Mills |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· State Bank of India Ludhiana, Punjab, India Account No.: 10415721393 · Bank of India SME City Centre, Ludhiana, Punjab, India Tel No.: 91-161-2440131/ 2440130/ 33 Mobile No.: 91-9780516106 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Yogesh Garg and Associates Chartered Accountants |
|
Address : |
1107, Bindraban Street, Neem Chowk, Bidraban Road, Civil Lines,
Ludhiana, Gujarat, India |
|
Tel. No.: |
91-161-2449563 |
|
Mobile No.: |
91-9815501034 |
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|
|
|
Associates/Subsidiaries : |
·
Bhardwaj
Cranes Private Limited Dehlon Road, Opposite Umedpur Power House, Sahnewal, Ludhiana –
141120, Punjab, India CIN No.: U29253PB2009PTC032889 Activity: Manufacturer, Exporter and Trader of E.O.T. Cranes and Other Material Handling Equipments with Spares. |
CAPITAL STRUCTURE
PROPRIETOR’S CAPITAL ACCOUNT
(RS.
MILLIONS)
|
Particulars |
31.03.2013 |
|
|
|
|
Opening Balance |
6.132 |
|
Addition During
the year |
0.519 |
|
Withdrawal
During the year |
0.841 |
|
|
5.810 |
|
|
|
|
Net Profit TRFD from
P/C A/c |
1.201 |
|
|
|
|
Total |
7.011 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.011 |
6.132 |
4.080 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.011 |
6.132 |
4.080 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.965 |
8.707 |
9.411 |
|
|
2] Unsecured Loans |
9.800 |
2.779 |
5.319 |
|
|
TOTAL BORROWING |
18.765 |
11.486 |
14.730 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.776 |
17.618 |
18.810 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.499 |
5.282 |
4.001 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.280 |
0.305 |
0.280 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.929
|
21.633 |
18.555 |
|
|
Sundry Debtors |
16.324
|
21.093 |
11.185 |
|
|
Cash & Bank Balances |
2.154
|
1.101 |
0.731 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.875
|
0.256 |
0.962 |
|
Total
Current Assets |
45.282
|
44.083 |
31.433 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
25.285
|
32.052 |
16.904 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
25.285
|
32.052 |
16.904 |
|
|
Net Current Assets |
19.997
|
12.031 |
14.529 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.776 |
17.618 |
18.810 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
52.313 |
48.020 |
41.887 |
|
|
|
Other Income |
0.304 |
0.187 |
0.000 |
|
|
|
TOTAL |
52.617 |
48.207 |
41.887 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
45.028 |
41.973 |
35.977 |
|
|
|
Consumer Stores |
0.055 |
0.003 |
0.211 |
|
|
|
Excise Duty |
0.749 |
0.350 |
0.201 |
|
|
|
Testing Charges |
0.034 |
0.000 |
0.000 |
|
|
|
Electricity Expenses |
0.333 |
0.293 |
0.295 |
|
|
|
Loading and Unloading Charges |
0.029 |
0.000 |
0.000 |
|
|
|
Wages and Allowances |
0.563 |
0.492 |
0.476 |
|
|
|
Advertisement and Publicity |
0.447 |
0.297 |
0.319 |
|
|
|
Audit Fees |
0.029 |
0.029 |
0.015 |
|
|
|
Bank Interests |
1.238 |
1.347 |
0.794 |
|
|
|
Bank Charges |
0.173 |
0.063 |
0.134 |
|
|
|
Car Repair and Maintenance |
0.140 |
0.129 |
0.120 |
|
|
|
Computer Repair and Maintenance |
0.026 |
0.024 |
0.021 |
|
|
|
Insurance Expenses |
0.111 |
0.053 |
0.097 |
|
|
|
Interests to Others |
0.984 |
0.477 |
0.553 |
|
|
|
Salary |
0.156 |
0.177 |
0.208 |
|
|
|
Staff and Labour Welfare |
0.064 |
0.063 |
0.071 |
|
|
|
Telephone Expenses |
0.096 |
0.099 |
0.089 |
|
|
|
Other Expenses |
0.740 |
0.995 |
1.207 |
|
|
|
TOTAL |
50.995 |
46.864 |
40.788 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.622 |
1.343 |
1.099 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.421 |
0.465 |
0.335 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
1.201 |
0.878 |
0.764 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.28
|
1.82 |
1.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.30
|
1.83 |
1.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.37
|
1.78 |
2.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.68
|
1.87 |
3.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.38 |
1.86 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Divya Bhardwaj |
0.839 |
0.240 |
|
Gaurav Bhardwaj |
0.461 |
0.000 |
|
Naresh Bhardwaj and Sons (HUF) |
1.578 |
0.913 |
|
Suman Bhardwaj |
1.949 |
0.995 |
|
Bajaj Auto Finance Limited |
1.298 |
0.433 |
|
Deutsche Bank |
1.814 |
0.000 |
|
HDFC Bank Limited |
1.075 |
0.198 |
|
Tata Capital Financial |
0.786 |
0.000 |
|
|
|
|
|
Total |
9.800 |
2.779 |
------------------------------------------------------------------------------------------------------------------------------
COST OF THE PROJECT
(RS. IN MILLIONS)
|
Particulars |
Existing |
Proposed |
Total |
|
|
|
|
|
|
Machinery |
0.359 |
1.500 |
1.859 |
|
|
|
|
|
|
Land and
Building |
2.412 |
0.000 |
2.412 |
|
|
|
|
|
|
Other Fixed
Assets |
2.173 |
0.000 |
2.173 |
|
|
|
|
|
|
Investments and
Securities |
0.279 |
0.000 |
0.279 |
|
|
|
|
|
|
Working Capital
Requirements |
20.517 |
7.221 |
27.738 |
|
|
|
|
|
|
Total |
25.740 |
8.721 |
34.461 |
MEANS OF FINANCE
(RS. IN MILLIONS)
|
Particulars |
Existing |
Proposed |
Total |
|
|
|
|
|
|
Proprietor’s
Capital |
7.202 |
0.092 |
7.294 |
|
|
|
|
|
|
Reserve and
Surplus |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Funds from
Operations |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Family Loans |
4.827 |
0.900 |
5.727 |
|
|
|
|
|
|
Term Loans from
Banks |
0.000 |
1.125 |
1.125 |
|
|
|
|
|
|
Car Loan/
Personal Loan |
5.315 |
0.000 |
5.315 |
|
|
|
|
|
|
C/C Limit From
Banks |
8.396 |
6.604 |
15.000 |
|
|
|
|
|
|
Total |
25.740 |
8.721 |
34.461 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
|
|
(Estimated) |
(Projected) |
|||
|
1. GROSS SALES |
|
|
|
|
|
|
(i) Domestic Sales |
75.000 |
76.000 |
77.000 |
78.000 |
79.000 |
|
(ii) Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
75.000 |
76.000 |
77.000 |
78.000 |
79.000 |
|
|
|
|
|
|
|
|
2. Less Excise Duty |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3.
Net Sales (1-2) |
75.000 |
76.000 |
77.000 |
78.000 |
79.000 |
|
|
|
|
|
|
|
|
4. %age rise(+) or fall(-) in net sales as
compared to previous year |
-- |
-- |
-- |
-- |
-- |
|
S V P |
74.422 |
76.162 |
77.149 |
78.151 |
79.153 |
|
|
|
|
|
|
|
|
5.
Cost of sales |
|
|
|
|
|
|
i)
Raw materials (Including stores and other items used in the process of
manufacture) |
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
65.466 |
66.996 |
67.865 |
68.746 |
69.628 |
|
ii) Other spares |
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
0.077 |
0.078 |
0.079 |
0.080 |
0.081 |
|
iii) Power & Fuel |
0.455 |
0.466 |
0.472 |
0.478 |
0.484 |
|
iv) Direct Labour (Factory Wages & Salaries) |
0.769 |
0.787 |
0.798 |
0.808 |
0.818 |
|
v) Other Mfg. Expenses |
0.128 |
0.131 |
0.133 |
0.135 |
0.137 |
|
vi) Depreciation |
0.649 |
0.544 |
0.460 |
0.390 |
0.332 |
|
|
|
|
|
|
|
|
vii)
SUB TOTAL (i to vi) |
675.44 |
690.03 |
698.06 |
706.38 |
714.80 |
|
|
|
|
|
|
|
|
viii) Add: Opening
Stock-in-Process |
6.470 |
6.168 |
6.264 |
6.339 |
6.415 |
|
Sub Total |
74.014 |
75.171 |
76.070 |
76.977 |
77.895 |
|
|
|
|
|
|
|
|
ix) Deduct: Closing Stock-in-Process |
6.168 |
6.264 |
6.339 |
6.415 |
6.491 |
|
Sub Total |
67.846 |
68.906 |
69.731 |
70.562 |
71.404 |
|
|
|
|
|
|
|
|
x) Add: Opening Stock of Finished Goods |
6.469 |
6.193 |
6.258 |
6.332 |
6.408 |
|
Sub Total |
74.315 |
75.099 |
75.989 |
76.894 |
77.811 |
|
|
|
|
|
|
|
|
xi) Deduct: closing stock of Finished Goods |
6.193 |
6.258 |
6.332 |
6.408 |
6.484 |
|
|
|
|
|
|
|
|
Sub
Total (Total cost of sales) |
68.122 |
68.841 |
69.657 |
70.487 |
71.327 |
|
|
|
|
|
|
|
|
6. Selling General & Administrative
Expenses |
1.886 |
2.062 |
2.076 |
2.089 |
2.103 |
|
|
|
|
|
|
|
|
7.
SUB TOTAL (5+6) |
70.008 |
70.903 |
71.733 |
72.576 |
73.430 |
|
|
|
|
|
|
|
|
8. Operating Profit before interest |
4.992 |
5.097 |
5.267 |
5.424 |
5.570 |
|
|
|
|
|
|
|
|
9. Interest |
3.304 |
3.232 |
2.905 |
2.747 |
2.716 |
|
|
|
|
|
|
|
|
10. Operating Profit after interest |
1.688 |
1.865 |
2.363 |
2.677 |
2.855 |
|
|
|
|
|
|
|
|
11. (i) Add other non-operating income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (Income) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii) Deduct other non operating expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii) Net of other non-operating
income/exp.(net of 11(i) & 11(ii) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
12. Profit before Tax/Loss
[10+11(iii)] |
1.688 |
1.865 |
2.363 |
2.677 |
2.855 |
|
|
|
|
|
|
|
|
13. Provision for Taxes |
0.269 |
0.329 |
0.493 |
0.590 |
0.645 |
|
|
|
|
|
|
|
|
14. Net profit/loss (12-13) |
1.419 |
1.536 |
1.870 |
2.087 |
2.209 |
|
|
|
|
|
|
|
|
15. (a)
Equity Dividend paid |
0.100 |
0.250 |
0.250 |
0.250 |
0.250 |
|
(b) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
16. Retained profit (14-15) |
1.319 |
1.286 |
1.620 |
1.837 |
1.959 |
|
|
|
|
|
|
|
|
17. Retained profit/net profit (%age) |
0.93 |
0.84 |
0.87 |
0.88 |
0.89 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
|
|
|
(Estimated) |
(Projected) |
||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.
Short term borrowings from Banks (Including Bills Purchases Discount
and excess Borrowings placed on repayment bases |
|
|
|
|
|
|
|
(i) From applicant bank |
15.000 |
15.000 |
15.000 |
15.000 |
15.000 |
|
|
(ii) From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(iii) (of which BP & BD) |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
|
|
Sub Total ( A ) |
15.000 |
15.000 |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
|
|
|
|
2.
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
3.
Sundry Creditors (Trade) |
10.911 |
11.166 |
11.311 |
9.739 |
9.864 |
|
|
|
|
|
|
|
|
|
|
4.
Advance payment from Customers / Deposits from Dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
5.
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
6.
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
7.
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
8.
Deposits/Instalments of Term Loan/DPGs/
Debentures etc. (due within one year |
2.307 |
1.530 |
0.225 |
0.225 |
0.000 |
|
|
|
|
|
|
|
|
|
|
9.
Other current Liabilities & Provisions(due within one year
(Specify major items) |
1.035 |
0.749 |
0.859 |
0.870 |
0.881 |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
14.253 |
13.445 |
12.394 |
10.834 |
10.745 |
|
|
|
|
|
|
|
|
|
|
10.
TOTAL CURRENT LIABILITIES (total of
1 to 9) |
29.253 |
28.445 |
27.394 |
25.834 |
25.745 |
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11. Debentures (not maturing within one
year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
12. Preference Shares (redeemable after
one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
13. Term Loans (excluding installments
payable within one year) Existing I year) |
1.980 |
0.450 |
0.225 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
14. Deferred Payment Credits (excluding
instalments due within one year) in one year |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
15. Term deposits (repayable after 1 year) |
5.727 |
6.927 |
6.927 |
6.927 |
6.927 |
|
|
|
|
|
|
|
|
|
|
16. Other term liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
17.
TOTAL TERM LIABILITIES (Total of 11 to 16) |
7.707 |
7.377 |
7.152 |
6.927 |
6.927 |
|
|
|
|
|
|
|
|
|
|
18.
TOTAL OUTSIDE LIABILITIES (10+17) |
36.960 |
35.822 |
34.546 |
32.761 |
32.672 |
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19. Ordinary share capital |
8.421 |
9.708 |
11.327 |
13.164 |
15.123 |
|
|
|
|
|
|
|
|
|
|
20. General reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
21. Revaluation Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
22. Other Reserves (excluding Provision) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
23. Surplus (+) or Deficit (-) in Profit
and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
24.
NET WORTH |
8.421 |
9.708 |
11.327 |
13.164 |
15.123 |
|
|
|
|
|
|
|
|
|
|
25.
TOTAL LIABILITIES (18+24) |
45.381 |
45.529 |
45.873 |
45.925 |
47.795 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26. Cash & Bank Balance |
0.060 |
0.121 |
0.426 |
0.355 |
0.541 |
|
|
27. Investments (other than term
investment) |
|
|
|
|
|
|
|
i) Govt. & Other trustee
Securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
ii) Fixed deposits with banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
28. i) Receivables other than differed and
export (including bills purchased and bills purchased and discounted by
banks) |
15.313 |
15.517 |
15.721 |
15.925 |
16.129 |
|
|
|
|
|
|
|
|
|
|
ii)
Export receivables (including bills purchased/discounted by banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
29. Installment of deferred receivables
(due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
30.
Inventory : |
|
|
|
|
|
|
|
i) Raw Materials (including
Stores and other items used in the process of manufacture) |
|
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous |
10.911 |
11.166 |
11.311 |
11.458 |
11.605 |
|
|
ii) Stock-in-process |
6.168 |
6.264 |
6.339 |
6.415 |
6.491 |
|
|
iii) Finished goods |
6.193 |
6.258 |
6.332 |
6.408 |
6.484 |
|
|
iv) Other consumable spares |
|
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous |
0.006 |
0.007 |
0.007 |
0.007 |
0.007 |
|
|
|
|
|
|
|
|
|
|
31. Advances to suppliers of Raw Materials
& stores /spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
32. Advance payment of taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
33. Other Current Assets (specify major
items) including cheques under reconcilliation |
0.100 |
0.110 |
0.110 |
0.121 |
0.433 |
|
|
|
|
|
|
|
|
|
|
34.
TOTAL CURRENT ASSETS (Total of 26 to 33) |
38.751 |
39.443 |
40.246 |
40.688 |
41.690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. Gross Block(land & building,
machinery, work-in-progress) |
8.802 |
8.802 |
8.802 |
8.802 |
8.802 |
|
|
|
|
|
|
|
|
|
|
36. Depreciation to date |
2.452 |
2.995 |
3.455 |
3.845 |
4.177 |
|
|
37.
NET BLOCK (35-36) |
6.350 |
5.807 |
5.347 |
4.957 |
4.625 |
|
|
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38. Investments/book debts/ advances/
deposits which are not Current Assets |
|
|
|
|
|
|
|
i) a) Investment in subsidiary
companies/affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
ii) Advance to suppliers of capital goods & contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iii) Deferred receivables (maturity exceeding one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iv) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Funds for expansion |
0.000 |
0.000 |
0.000 |
0.000 |
1.200 |
|
|
39. Non-consumable stores & spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
40. Other non-current assets including
dues from directors |
0.280 |
0.280 |
0.280 |
0.280 |
0.280 |
|
|
|
|
|
|
|
|
|
|
41.TOTAL
OTHER NON-CURRENT ASSETS (Total of
38 to 40) |
0.280 |
0.280 |
0.280 |
0.280 |
1.480 |
|
|
|
|
|
|
|
|
|
|
42. Intangible assets (patents, goodwill, prelim
expenses bad doubtful debts not provided for etc. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
43.
TOTAL ASSETS (Total
of 34,37,41 and 42) |
45.381 |
45.529 |
45.873 |
45.925 |
47.795 |
|
|
|
|
|
|
|
|
|
|
44.
TANGIBLE NET WORTH (24-42) |
8.421 |
9.708 |
11.327 |
13.164 |
15.123 |
|
|
|
|
|
|
|
|
|
|
45.
NET WORKING CAPITAL (17+24)-(37+41+42) to tally with (34-10) |
9.498 |
10.998 |
12.852 |
14.854 |
15.946 |
|
|
|
|
|
|
|
|
|
|
46. Current Ratio (Item 34/10) |
1.32 |
1.39 |
1.47 |
1.57 |
1.62 |
|
|
|
|
|
|
|
|
|
|
47. Total Outside Liabilities/ Tangible
Net Worth (18/44) |
4.39 |
3.69 |
3.05 |
2.49 |
2.16 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
PARTICULARS |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
|
|
(Estimated) |
(Projected) |
|||
|
A. CURRENT ASSETS |
|
|
|
|
|
|
1. Raw Materials (including stores and other items used in the process of manufacture) |
|
|
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous : |
10.911 |
11.166 |
11.311 |
11.458 |
11.605 |
|
Months' consumption |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
|
|
|
|
|
|
|
|
2. Other consumable spares, excluding those included in 1 above. |
|
|
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous : |
0.006 |
0.007 |
0.007 |
0.007 |
0.007 |
|
Months' consumption |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
|
3. Stocks-in-process : |
6.168 |
6.264 |
6.339 |
6.415 |
6.491 |
|
Months' cost of production |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
|
4. Finished Goods |
6.193 |
6.258 |
6.332 |
6.408 |
6.484 |
|
Months' cost of sales : |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
|
5. Receivables other than export & deferred receivables (including bills purchased & discounted by bankers |
15.313 |
15.517 |
15.721 |
15.925 |
16.129 |
|
Months' domestic sales : excluding deferred payment Sales : |
2.45 |
2.45 |
2.45 |
2.45 |
2.45 |
|
|
|
|
|
|
|
|
6. Export receivables (including bills bills purchased & discounted) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' Export sales : |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7. Advance to suppliers of raw Materials and stores/ spares, Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
8. Other Current Assets including Cash & Bank balances, differed receivables due within one Year (Specify Major items) |
0.160 |
0.231 |
0.536 |
0.476 |
0.974 |
|
|
|
|
|
|
|
|
9. TOTAL CURRENT ASSETS (To agree with item 34
in form III) |
38.751 |
39.443 |
40.246 |
40.688 |
41.690 |
|
|
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
10. Creditors for purchase of raw materials, stores and consumable spares |
10.911 |
11.166 |
11.311 |
9.739 |
9.864 |
|
Months' purchases : |
2.00 |
2.00 |
2.00 |
1.70 |
1.70 |
|
|
|
|
|
|
|
|
11. Advance from customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
12. Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
13. Other current liabilities |
3.342 |
2.279 |
1.084 |
1.095 |
0.881 |
|
(specify major items) Short Term borrowings, unsecured loans, dividend payable, installment of TL, of TL, DPG, public deposits, debentures etc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
14. TOTAL (To agree with
sub-total B Form III) |
14.253 |
13.445 |
12.394 |
10.834 |
10.745 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
|
|
(Estimated) |
(Projected) |
|||
|
FIRST
METHOD OF LENDING |
|
|
|
|
|
|
1 Total current assets |
38.751 |
39.443 |
40.246 |
40.688 |
41.690 |
|
|
|
|
|
|
|
|
2 Current Liabilities |
14.253 |
13.445 |
12.394 |
10.834 |
10.745 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
24.498 |
25.998 |
27.852 |
29.854 |
30.946 |
|
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
6.124 |
6.499 |
6.963 |
7.463 |
7.736 |
|
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
9.498 |
10.998 |
12.852 |
14.854 |
15.946 |
|
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
18.373 |
19.498 |
20.889 |
22.390 |
23.209 |
|
|
|
|
|
|
|
|
7 item 3 minus item 5 |
15.000 |
15.000 |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
15.000 |
15.000 |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
|
|
(Estimated) |
(Projected) |
|||
|
1. SOURCES |
|
|
|
|
|
|
a) Net profit (after tax) |
1.419 |
1.536 |
1.870 |
2.087 |
2.209 |
|
b) Depreciation |
0.649 |
0.544 |
0.460 |
0.390 |
0.332 |
|
c) Increase in capital |
0.092 |
0.000 |
0.000 |
0.000 |
0.000 |
|
d) Increase in - Term
Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Public
deposits |
0.900 |
1.200 |
0.000 |
0.000 |
0.000 |
|
e) Decrease in : |
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other Non Current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
f) Others |
|
|
|
|
|
|
|
|
|
|
|
|
|
g) TOTAL |
3.059 |
3.280 |
2.329 |
2.477 |
2.542 |
|
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Decrease in - Term Loans |
1.409 |
1.530 |
0.225 |
0.225 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Public
Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c) Increase in : |
|
|
|
|
|
|
i) Fixed Assets |
1.500 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other Non Current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
1.200 |
|
d) Dividend Payments |
0.100 |
0.250 |
0.250 |
0.250 |
0.250 |
|
e) Others |
|
|
|
|
|
|
|
|
|
|
|
|
|
f) TOTAL |
3.009 |
1.780 |
0.475 |
0.475 |
1.450 |
|
|
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
0.050 |
1.500 |
1.854 |
2.002 |
1.092 |
|
|
|
|
|
|
|
|
4. Increase/decrease
in current assets* (as per details
given below) |
(6.530) |
0.692 |
0.804 |
0.441 |
1.003 |
|
|
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
(13.184) |
(0.808) |
(1.050) |
(1.561) |
(0.089) |
|
|
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
6.654 |
1.500 |
1.854 |
2.002 |
1.092 |
|
|
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
(6.604) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
6.604 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Increase/Decrease in Net Sales |
22.687 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
* Break-up of (4) |
|
|
|
|
|
|
i)
Increase/decrease in Raw Materials |
(2.028) |
0.255 |
0.145 |
0.147 |
0.147 |
|
|
|
|
|
|
|
|
ii) Increase/decrease in stock-in- process |
(0.302) |
0.096 |
0.075 |
0.076 |
0.077 |
|
|
|
|
|
|
|
|
iii) Increase/decrease in Finished Goods |
(0.276) |
0.065 |
0.074 |
0.075 |
0.076 |
|
|
|
|
|
|
|
|
iv) Increase/decrease in receivables: |
|
|
|
|
|
|
a) Domestic |
(1.012) |
0.204 |
0.204 |
0.204 |
0.204 |
|
b) Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
v) Increase/decrease in stores and spares. |
(0.044) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
vi) Increase/decrease in other current assets. |
(2.869) |
0.071 |
0.306 |
(0.061) |
0.499 |
|
|
|
|
|
|
|
|
Total |
(6.530) |
0.692 |
0.804 |
0.441 |
1.003 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS
(MR.
NARESH BHARDWAJ)
(RS. IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Place where the
land or building is situates |
Ancestral or
self acquired |
If encumbered to
what extent |
Extent to land
in acres (wet or dry or garden) (in sq. yds.) |
Market Value (Rs. In
Millions) |
|
|
|
|
|
|
|
130, Urban Estate, Phase-I, Focal Point, Ludhiana, India |
Self Acquired |
Mortgage to Central Bank of India |
151 sq. yds |
6.500 |
|
|
|
|
|
|
|
Opposite Umedpur Power House, Dehlon Road, Sahnewal, Ludhiana, India |
Self Acquired |
-- |
1210 sq. yds |
15.000 |
|
|
|
|
|
|
|
Opposite Umedpur Power House, Dehlon Road, Sahnewal, Ludhiana, India |
Self Acquired |
-- |
1600 sq. yds |
25.000 |
|
|
|
|
|
|
|
Total (A) |
44.000 |
|||
LIQUID ASSETS
|
Particulars |
Amount (Rs. In
Millions) |
|
|
|
|
Cash and Bank Balance |
0.025 |
|
Life Insurance Policy No and Date |
0.700 |
|
Investment in Business on 31.03.2013 |
7.011 |
|
|
|
|
Total (B) |
7.736 |
|
Particulars |
Amount (Rs. In
Millions) |
|
|
|
|
Borrowings from bank (Give details of securities furnished) again on
25.04.2013 Housing Loan from Central Bank of India |
1.000 |
|
Borrowings from other sources |
0.000 |
|
Borrowings from other sources (Given Details of Persons) factory
building given to SBI for M/s. Bhardwaj Cranes and Elevators |
8.500 |
|
|
|
|
Total (C) |
9.500 |
|
TOTAL (A+B+C) |
RS.61.236
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
BHARDWAJ
CRANES (PRIVATE) LIMITED – SISTER CONCERN
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.200 |
0.200 |
|
(b) Reserves & Surplus |
|
0.060 |
0.024 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
0.260 |
0.224 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.030 |
0.200 |
|
(b) Deferred tax liabilities (Net) |
|
0.017 |
0.009 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.047 |
0.209 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
1.646 |
2.457 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
0.465 |
0.022 |
|
Total Current
Liabilities (4) |
|
2.111 |
2.479 |
|
|
|
|
|
|
TOTAL |
|
3.418 |
2.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
1.013 |
0.618 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.014 |
0.022 |
|
Total Non-Current
Assets |
|
1.027 |
0.640 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.705 |
1.422 |
|
(c)
Trade receivables |
|
1.341 |
0.454 |
|
(d) Cash
and cash equivalents |
|
0.158 |
0.208 |
|
(e)
Short-term loans and advances |
|
0.187 |
0.188 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2.391 |
2.272 |
|
|
|
|
|
|
TOTAL |
|
3.418 |
2.912 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.200 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.030 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
|
1.532 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
|
|
1.532 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1.390 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.390 |
|
|
Net Current Assets |
|
|
0.142 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.200 |
|
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
6.012 |
3.235 |
0.028 |
|
|
|
Other Income |
0.003 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
6.015 |
3.235 |
0.028 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4.663 |
2.815 |
0.017 |
|
|
|
Change of inventory of finished goods and WIP |
0.457 |
(0.053) |
0.000 |
|
|
|
Employee Benefits Expenses |
0.229 |
0.168 |
0.000 |
|
|
|
Other Expenses |
0.466 |
0.205 |
0.011 |
|
|
|
TOTAL (B) |
5.815 |
3.135 |
0.028 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.200 |
0.100 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.001 |
0.003 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.199 |
0.097 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.138 |
0.063 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.061 |
0.034 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.025 |
0.011 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.036 |
0.023 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.82 |
1.16 |
0.00 |
|
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Land
· Building
· Furniture and Fixture
· Electric Installment
· Fans
· Machinery
· Air Conditioner
· Camera
· Car
· Cycle
· Fax Machine
· Generator
· Mobile Set
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist oranization
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.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
46 |
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.