MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
NILE LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
401, Chandra Parbhu Complex, Opposite Sardar Patel Colony,
Narayanpura, Ahmedabad – 380014, Gujarat |
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Country : |
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Date of
Incorporation : |
07.05.2012 |
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Com. Reg. No.: |
070216 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U63090GJ2012PTC070216 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Logistic Services. |
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No. of Employees
: |
21 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to commence its commercial activity. Even though the company was incorporate during May 2012, the management
is planning to commence its commercial activity by April 2014. The company is engaged in providing logistics services by establishing
CFS at Mundra Port. Payment terms are unknown. The company 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
LOCATIONS
|
Registered/ Administrative Office : |
401, Chandra Parbhu Complex, Opposite Sardar Patel Colony,
Narayanpura, Ahmedabad – 380014, Gujarat, India |
|
Tel. No.: |
91-79-26400072 |
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Mobile No.: |
91-9227490790 (Mr. Shailesh Karmakar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Site Address : |
Plot of Land at Survey No.169/36, Village Dhrub, Ta-Mundra District
Kutch, Gujarat, India |
DIRECTORS
|
Name : |
Mr. Brijmohan Rameshchandra Sood |
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Designation : |
Chairman Cum Managing Director |
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Address : |
72/73, Green Park Bung, Ambli Village, Ahmedabad – 380058, Gujarat,
India |
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Date of Birth/Age : |
10.05.1959 |
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Qualification : |
Under – Graduate |
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Date of Appointment : |
07.05.2012 |
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Tel No.: |
91-79-40042000 |
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Mobile No.: |
91-9925019999 |
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Pan No.: |
ANCPS1015J |
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DIN No.: |
01728007 |
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Other Directorship :
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Name : |
Mr. Shailesh Murlidhar Karmakar |
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Designation : |
Director |
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Address : |
J-9, Sanskrut Appartment, Behind Super High School, Ghatlodia,
Ahmedabad – 380061, Gujarat, India |
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Date of Birth/Age : |
27.07.1975 |
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Qualification : |
Graduate, CHA |
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Date of Appointment : |
07.05.2012 |
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Mobile No.: |
91-9227490790/ 9825043764 |
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Pan No.: |
AFMPK3550L/ AAKCS2035G |
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DIN No.: |
00585808 |
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Other Directorship :
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Name : |
Mr. Darshan Chandulal Shah |
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Designation : |
Additional Director |
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Address : |
1/4, Nirav Complex, Naranpura, Ahmedabad – 380014, Gujarat, India |
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Date of Birth/Age : |
11.10.1954 |
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Qualification : |
Doctor – MD |
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Date of Appointment : |
27.07.2012 |
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Tel No.: |
91-79-40204020 |
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Mobile No.: |
91-9824012300 |
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Pan No.: |
ADBPS7294J |
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DIN No.: |
00077105 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 26.04.2012)
|
Names of Shareholders |
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No. of Shares |
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Brijmohan Sood |
|
3400 |
|
Shaileshkumar M. Karmakar |
|
3300 |
|
Hetal Rameshchandra Dave |
|
3300 |
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|
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Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services. |
GENERAL INFORMATION
|
No. of Employees : |
21 (Approximately) |
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Bankers : |
· Bank of Baroda Ambawadi Branch, Ahmedabad, Gujarat, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
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10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
----- |
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14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Projections) |
|||
|
1. GROSS SALES |
|
|
|
|
|
(i) Domestic Sales |
346.200 |
415.440 |
450.060 |
484.680 |
|
(ii) Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
346.200 |
415.440 |
450.060 |
484.680 |
|
|
|
|
|
|
|
2. Less Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3.
Net Sales (1-2) |
346.200 |
415.440 |
450.060 |
484.680 |
|
|
|
|
|
|
|
4. %age rise(+) or fall(-) in net sales as
compared to previous year |
-- |
20.00% |
8.33% |
7.69% |
|
|
|
|
|
|
|
5.
Cost of sales |
|
|
|
|
|
i)
Raw materials (Including stores and other items used in the process of
manufacture) |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Other spares |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii) Power & Fuel |
1.200 |
1.320 |
1.452 |
1.597 |
|
iv) Direct Labour (Factory Wages & Salaries) |
21.600 |
25.920 |
28.080 |
30.240 |
|
v) Other Mfg. Expenses |
26.460 |
31.752 |
38.173 |
40.817 |
|
vi) Depreciation |
10.148 |
9.653 |
9.209 |
10.207 |
|
|
|
|
|
|
|
vii)
SUB TOTAL (i to vi) |
59.408 |
68.645 |
76.914 |
82.861 |
|
|
|
|
|
|
|
viii) Add: Opening
Stock-in-Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
59.408 |
68.645 |
76.914 |
82.861 |
|
|
|
|
|
|
|
ix) Deduct: Closing Stock-in-Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
59.408 |
68.645 |
76.914 |
82.861 |
|
|
|
|
|
|
|
x) Add: Opening Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
59.408 |
68.645 |
76.914 |
82.861 |
|
|
|
|
|
|
|
xi) Deduct: closing stock of Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub
Total (Total cost of sales) |
59.408 |
68.645 |
76.914 |
82.861 |
|
|
|
|
|
|
|
6. Selling General & Administrative
Expenses |
202.476 |
239.856 |
260.672 |
281.133 |
|
|
|
|
|
|
|
7.
SUB TOTAL (5+6) |
261.884 |
308.501 |
337.586 |
363.994 |
|
|
|
|
|
|
|
8. Operating Profit before interest |
84.316 |
106.939 |
112.474 |
120.686 |
|
|
|
|
|
|
|
9. Interest |
34.843 |
35.168 |
27.728 |
22.398 |
|
|
|
|
|
|
|
10. Operating Profit after interest |
19.473 |
71.771 |
84.746 |
98.288 |
|
|
|
|
|
|
|
11. (i) Add other non-operating income |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub Total (Income) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(ii) Deduct other non operating expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub Total (Expenses) |
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 |
|
|
|
|
|
|
|
12. Profit before Tax/Loss [10+11(iii)] |
49.473 |
71.771 |
84.746 |
98.288 |
|
|
|
|
|
|
|
13. Provision for Taxes |
9.895 |
14.354 |
16.949 |
19.658 |
|
|
|
|
|
|
|
14. Net profit/loss (12-13) |
39.578 |
57.417 |
67.797 |
78.630 |
|
|
|
|
|
|
|
15. (a)
Equity Dividend paid |
-- |
-- |
-- |
-- |
|
(b) Dividend Rate |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
16. Retained profit (14-15) |
39.578 |
57.417 |
67.797 |
78.630 |
|
|
|
|
|
|
|
17. Retained profit/net profit (%age) |
100.00% |
100.00% |
100.00% |
100.00% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
(Estimated) |
(Projection) |
||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.
Short term borrowings from Banks (Including Bills Purchases Discount
and excess Borrowings placed on repayment bases |
|
|
|
|
|
|
|
(i) From applicant bank |
0.000 |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
(ii) From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(iii) (of which BP & BD) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub Total ( A ) |
0.000 |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
|
|
|
2.
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
3.
Sundry Creditors (Trade) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
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 |
20.500 |
41.000 |
41.000 |
41.000 |
41.000 |
|
|
|
|
|
|
|
|
|
|
9.
Other current Liabilities & Provisions(due within one year
(Specify major items) |
0.000 |
0.700 |
1.000 |
1.200 |
2.000 |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
20.500 |
41.700 |
42.000 |
42.200 |
43.200 |
|
|
|
|
|
|
|
|
|
|
10.
TOTAL CURRENT LIABILITIES (total of
1 to 9) |
20.500 |
49.200 |
19.500 |
49.700 |
50.500 |
|
|
|
|
|
|
|
|
|
|
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) |
225.500 |
184.500 |
143.500 |
102.500 |
61.500 |
|
|
|
|
|
|
|
|
|
|
14. Deferred Payment Credits (excluding
instalments due within one year) in one year |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
15. Borrowing from directors/ Group Co. |
41.000 |
41.000 |
42.500 |
42.500 |
42.500 |
|
|
|
|
|
|
|
|
|
|
16. Other term liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
17.
TOTAL TERM LIABILITIES (Total of 11 to 16) |
266.500 |
225.500 |
186.000 |
145.000 |
104.000 |
|
|
|
|
|
|
|
|
|
|
18.
TOTAL OUTSIDE LIABILITIES (10+17) |
287.000 |
274.700 |
235.500 |
194.700 |
154.500 |
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19. Ordinary share capital |
91.500 |
91.500 |
91.500 |
91.500 |
91.500 |
|
|
|
|
|
|
|
|
|
|
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 |
39.578 |
96.995 |
164.792 |
243.422 |
|
|
|
|
|
|
|
|
|
|
24.
NET WORTH |
91.500 |
131.078 |
188.495 |
256.292 |
334.922 |
|
|
|
|
|
|
|
|
|
|
25.
TOTAL LIABILITIES (18+24) |
378.500 |
405.778 |
423.995 |
450.992 |
489.422 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26. Cash & Bank Balance |
0.000 |
2.788 |
8.768 |
24.985 |
28.957 |
|
|
27. Investments (other than term
investment) |
|
|
|
|
|
|
|
i) Govt. & Other trustee
Securities |
-- |
-- |
-- |
-- |
-- |
|
|
ii) Fixed deposits with banks |
3.000 |
7.000 |
12.500 |
18.500 |
23.500 |
|
|
|
|
|
|
|
|
|
|
28. i) Receivables other than differed and
export (including bills purchased and bills purchased and discounted by
banks) |
0.000 |
24.138 |
25.965 |
28.129 |
30.293 |
|
|
|
|
|
|
|
|
|
|
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 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
ii) Stock-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iii) Finished goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
iv) Other consumable spares |
|
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
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 |
1.000 |
8.500 |
24.500 |
37.000 |
43.500 |
|
|
|
|
|
|
|
|
|
|
34.
TOTAL CURRENT ASSETS (Total of 26 to 33) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. Gross Block(land & building,
machinery, work-in-progress) |
377.500 |
377.500 |
377.500 |
377.327 |
407.327 |
|
|
|
|
|
|
|
|
|
|
36. Depreciation to date |
0.000 |
10.148 |
19.739 |
28.948 |
39.155 |
|
|
37.
NET BLOCK (35-36) |
377.500 |
367.352 |
357.762 |
348.378 |
368.172 |
|
|
|
|
|
|
|
|
|
|
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 |
0.000 |
|
|
39. Non-consumable stores & spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
40. Other non-current assets including
dues from directors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
41.TOTAL
OTHER NON-CURRENT ASSETS (Total of
38 to 40) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
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) |
378.500 |
405.778 |
423.995 |
450.992 |
489.422 |
|
|
|
|
|
|
|
|
|
|
44.
TANGIBLE NET WORTH (24-42) |
91.500 |
131.078 |
188.495 |
256.292 |
334.922 |
|
|
|
|
|
|
|
|
|
|
45.
NET WORKING CAPITAL (17+24)-(37+41+42) to tally with (34-10) |
(19.500) |
(10.774) |
16.733 |
52.914 |
70.750 |
|
|
|
|
|
|
|
|
|
|
46. Current Ratio (Item 34/10) |
0.05 |
0.78 |
1.34 |
2.06 |
2.40 |
|
|
|
|
|
|
|
|
|
|
47. Total Outside Liabilities/ Tangible
Net Worth (18/44) |
3.14 |
2.10 |
1.25 |
0.76 |
0.46 |
|
|
|
|
|
|
|
|
|
|
Total Term Liabilities/ Tangible Net Worth
|
2.91 |
1.72 |
0.99 |
0.57 |
0.31 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
(Estimated) |
(Projection) |
||||
|
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 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' consumption |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
2. Other consumable spares, excluding those included in 1 above. |
|
|
|
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' consumption |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' consumption |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
3. Stocks-in-process : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' cost of production |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
4. Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' cost of sales : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
5. Receivables other than export & deferred receivables (including bills purchased & discounted by bankers |
0.000 |
24.138 |
25.965 |
28.129 |
30.293 |
|
|
Months' domestic sales : excluding deferred payment Sales : |
-- |
(0.84) |
(0.75) |
(0.75) |
(0.75 |
|
|
|
|
|
|
|
|
|
|
6. Export receivables (including bills bills purchased & discounted) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' Export sales : |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
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) |
1.000 |
14.288 |
40.268 |
74.485 |
90.957 |
|
|
|
|
|
|
|
|
|
|
9. TOTAL CURRENT ASSETS (To agree with item
34 in form III) |
1.000 |
8.500 |
24.500 |
37.000 |
43.500 |
|
|
|
|
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. Creditors for purchase of raw materials, stores and consumable spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months' purchases : |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
11. Advance from customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
12. Statutory Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13. Other current liabilities |
20.500 |
41.700 |
42.000 |
42.200 |
43.000 |
|
|
(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) |
20.500 |
41.700 |
42.000 |
42.200 |
43.000 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Projection) |
|||
|
FIRST
METHOD OF LENDING |
|
|
|
|
|
1 Total current assets |
38.426 |
66.233 |
102.614 |
121.250 |
|
|
|
|
|
|
|
2 Current Liabilities |
41.700 |
42.000 |
42.200 |
43.000 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
(3.274) |
24.233 |
60.414 |
78.250 |
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
(0.819) |
6.058 |
15.104 |
19.563 |
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
(10.774) |
16.733 |
52.914 |
70.750 |
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
(2.456) |
18.175 |
45.311 |
58.688 |
|
|
|
|
|
|
|
7 item 3 minus item 5 |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
(2.456) |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
9.956 |
-- |
-- |
-- |
|
|
|
|
|
|
|
SECOND METHOD OF LENDING |
|
|
|
|
|
|
|
|
|
|
|
1 Total current assets |
38.426 |
66.233 |
102.614 |
121.250 |
|
|
|
|
|
|
|
2 Current Liabilities |
41.700 |
42.000 |
42.200 |
43.000 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
(3.274) |
24.233 |
60.414 |
78.250 |
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables. |
9.607 |
16.558 |
25.654 |
30.313 |
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
(10.774) |
16.733 |
52.914 |
70.750 |
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
(12.881) |
7.675 |
34.761 |
47.938 |
|
|
|
|
|
|
|
7 item 3 minus item 5 |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
(12.881) |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Projection) |
|||
|
1. SOURCES |
|
|
|
|
|
a) Net profit |
39.578 |
57.417 |
67.797 |
78.630 |
|
b) Depreciation |
10.148 |
9.653 |
9.209 |
10.207 |
|
c) Increase in capital |
91.500 |
0.000 |
0.000 |
0.000 |
|
d) Increase in - Term
Loan |
-- |
-- |
-- |
-- |
|
Public
deposits |
-- |
-- |
-- |
-- |
|
e) Decrease in : |
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.173 |
0.000 |
|
ii) Other Non Current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
f) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
g) TOTAL |
366.726 |
67.070 |
77.179 |
88.837 |
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Decrease in - Term
Liability |
0.000 |
39.500 |
41.000 |
41.000 |
|
c) Increase in : |
|
|
|
|
|
i) Fixed Assets |
377.500 |
0.000 |
0.000 |
30.000 |
|
ii) Other Non Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
d) Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
|
e) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
f) TOTAL |
377.500 |
39.500 |
41.000 |
71.000 |
|
|
|
|
|
|
|
3. Long
Term Surplus(+)/ deficit(-) [1-2] |
(10.774) |
27.570 |
36.179 |
17.837 |
|
|
|
|
|
|
|
4.
Increase/decrease in current assets*
(as per details given below) |
38.426 |
27.807 |
36.381 |
18.636 |
|
|
|
|
|
|
|
5. Increase/decrease
in current liabilities other than bank borrowings. |
41.700 |
0.300 |
0.200 |
0.800 |
|
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
(3.274) |
27.507 |
36.181 |
17.836 |
|
|
|
|
|
|
|
7. Net
surplus (+)/ deficit (-) (Difference of 3 & 6) |
(7.500) |
0.063 |
(0.002) |
0.001 |
|
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
7.500 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Increase/Decrease in Net Sales |
346.200 |
69.240 |
34.620 |
34.620 |
|
|
|
|
|
|
|
* Break-up of (4) |
|
|
|
|
|
i) Increase/decrease in Raw Materials |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii) Increase/decrease in stock-in- process |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) Increase/decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iv) Increase/decrease in receivables: |
|
|
|
|
|
a) Domestic |
24.138 |
1.828 |
2.164 |
2.164 |
|
b) Export |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
v) Increase/decrease in stores and spares. |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
vi) Increase/decrease in other current assets. |
14.289 |
25.980 |
34.217 |
16.472 |
|
|
|
|
|
|
|
Total |
38.426 |
27.807 |
36.381 |
18.636 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Projection) |
|||
|
Net Sales |
346.200 |
415.400 |
450.060 |
484.680 |
|
PBT |
49.473 |
71.771 |
84.746 |
98.288 |
|
PBT/ Sales % |
14.29 |
17.28 |
18.83 |
20.28 |
|
PAT |
39.578 |
57.417 |
67.797 |
78.630 |
|
Cash Accruals |
49.726 |
67.070 |
77.006 |
88.837 |
|
Paid up Capital |
91.500 |
91.500 |
91.500 |
91.500 |
|
TNW |
131.078 |
188.495 |
256.292 |
334.922 |
|
TOL/ TNW |
2.10 |
1.25 |
0.76 |
0.46 |
|
Current Ratio |
0.78 |
1.34 |
2.06 |
2.40 |
|
Growth in Sales % |
0% |
20% |
8% |
8% |
|
Efficiency
Ratios |
|
|
|
|
|
Net Sales/ Total Tangible Assets |
0.85 |
0.98 |
1.00 |
0.99 |
|
Return on Assets (PBT/ TTA) % |
12.19 |
16.93 |
18.79 |
20.08 |
|
Operating Costs/ Sales % |
85.71 |
82.72 |
81.17 |
79.72 |
|
Bank Finance / Current Assets (%) |
19.52 |
11.32 |
7.31 |
6.19 |
|
Inventory and Received / Net Sales |
25.45 |
22.81 |
22.81 |
22.81 |
|
Total Current Assets (TCA) |
38.426 |
66.233 |
102.614 |
121.250 |
|
Other Current Liabilities (OCL) |
41.700 |
42.000 |
42.200 |
43.000 |
|
Working Capital Gap |
(3.274) |
24.233 |
60.414 |
78.250 |
|
Net Working Capital (NWC) |
(10.774) |
16.733 |
52.914 |
70.750 |
|
Assess Bank Finance (ABF) |
7.500 |
7.500 |
7.500 |
7.500 |
|
NWC to TCA (%) |
(28.04) |
25.26 |
51.57 |
58.35 |
|
Bank Finance to TCA (%) |
19.52 |
11.32 |
7.31 |
6.19 |
|
Sundry Creditors to TCA (%) |
0.00 |
0.00 |
0.00 |
0.00 |
|
Other Closing (Exc. Sundry Creditors) to TCA (%) |
108.52 |
63.41 |
41.12 |
35.46 |
|
Inventories to Net Sales (Days) |
0 |
0 |
0 |
0 |
|
Receivables to Gross Sales (Days) |
25 |
23 |
23 |
23 |
|
Sundry Creditors to Purchases (Days) |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
BRIJMOHAN RAMESHCHANDRA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Non Agri Land |
Plot No.20,
Radhe Sirin, Kalol – Racheda Owner –
Brijmohan Rameshchandra Sood Purchases Cost
----- Market Value:
Rs.10.494 Millions Whether
Encumbered: No |
|
Commercial: |
No |
|
Residential: |
72 and 73, Green
Park Bunglows Ambli, Bopal, Ahmedabad – 380058, Gujarat, India Owner –
Brijmohan Rameshchandra Sood Purchases Cost
Rs.0.885 Million Market Value:
Rs.40.000 Millions Whether
Encumbered: Yes, Home Loan from HDFC Bank Limited |
|
Flat/ House |
No |
|
Agri. Land |
No |
|
Others |
No |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
and Branch |
Policy No |
Date of Issue |
Sum Assured |
Surrender Value |
Annual Premium |
Premium Paid
upto What Period |
|
|
|
|
|
|
|
|
|
Max Life Insurance |
448265934 |
2007 |
3.500 |
0.938 |
0.100 |
0.700 |
|
|
|
|
|
|
|
|
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
No of Shares |
Certificate No./
A/c No./ Demat Account No. |
Scheme |
Whether Fully
Paid (Yes/ No) |
Current Market
Value |
|
|
|
|
|
|
|
|
BMC |
4850 |
1201910100191924 |
Individual |
Yes |
-- |
|
|
|
|
|
|
|
VEHICLES
|
Type of
Vehicles |
Registration No |
Model |
Year of Make |
Cost at the time
of purchase |
RC Book Details |
Present Value |
|
|
|
|
|
|
|
|
|
SUV |
GJ-1-KR-3339 |
BMW X3 |
2012 |
4.300 |
-- |
3.584 |
|
SEDAN |
GJ-1-KL-3339 |
Mercedesbenz C220 |
2011 |
2.800 |
-- |
2.000 |
JEWELLERY: Approx. of Rs.7.963 Millions
CAPITAL BUSINESS: Rs.0.203 Million
Other Investment/ Assets: Depositor and Loans and Advances: Rs.6.823
Millions
LIABILITIES
|
Borrowed From |
Purpose of Loan |
Repayment terms |
Outstanding
Balance as on 31.03.2012 |
|
|
|
|
|
|
HDFC Bank |
House Loan against Resi Bunglow at 72-73 Green Park |
-- |
Rs.7.471 Millions |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Relation |
Address |
|
Girija B Sood |
Wife |
72 and 73, Green Park Bunglows, Ambli, Bopal, Ahmedabad |
|
Mohit Sood |
Son |
72 and 73, Green Park Bunglows, Ambli, Bopal, Ahmedabad |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
SHAILESHKUMAR MURLIDHAR KARMAKAR
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Non Agri Land |
No |
|
Commercial: |
Office at: Sai Freight
Forwarders A-307, Oxford
Avenue, Opposite C. U. Shah Collage, Income Tax, Ahmedabad Purchase cost:
Rs.0.650 Million Year 2005 Market Value: Rs.3.500
Millions Whether
Encumbered: ----- |
|
Residential : |
38, Sun
Residency, Opposite Goga Maharaj Mandir Lane, Thaltej-Shilaj Road, Thaltej,
Ahmedabad – 380059, Gujarat, India Purchases Cost
Rs.2.150 Millions Market Value:
Rs.15.000 Millions Whether
Encumbered: Home Loan with Axis Bank Limited. |
|
Flat/ House |
No |
|
Agri. Land |
No |
|
Others |
No |
MOVABLE PROPERTY
INSURANCE
POLICIES: LIC POLICIES
|
Name of Company
and Branch |
Date of Issue |
Sum Assured |
Annual Premium |
Premium Paid
upto What Period |
|
|
|
|
|
|
|
Max Life Insurance Company Limited |
29.05.2002 |
0.495 |
0.005 |
0.086 |
|
ICICI Prudential Life Insurance Company Limited |
22.10.2003 |
0.361 |
0.011 |
0.151 |
|
Max Life Insurance Company Limited |
31.07.2004 |
0.600 |
0.016 |
0.235 |
|
Life Insurance Company |
31.03.2007 |
0.100 |
0.010 |
0.020 |
|
Birla Sun Life Insurance |
25.03.2010 |
2.317 |
0.076 |
0.289 |
|
IDBI Federal Life Insurance Company Limited |
|
|
|
0.044 |
|
Reliance Life Ins |
|
|
|
0.075 |
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
No of Shares |
Certificate No./
A/c No./ Demat Account No. |
Scheme |
Whether Fully
Paid (Yes/ No) |
Current Market
Value |
|
|
|
|
|
|
|
|
Tas Cargo Private Limited |
-- |
-- |
-- |
-- |
0.100 |
|
|
|
|
|
|
|
VEHICLES
|
Type of
Vehicles |
Registration No |
Model |
Year of Make |
Cost at the time
of purchase |
RC Book Details |
Present Value |
|
|
|
|
|
|
|
|
|
Skoda Fabia |
GJ-1-KA-2844 |
2009 |
2009 |
0.675 |
Ahmedabad |
0.310 |
JEWELLERY: Rs.0.687 Million
CAPITAL BUSINESS:
Sai Seaair Logistics Private Limited: Rs.0.500
Million
Sai Freight Forwarders: Rs.4.503 Millions
LIABILITIES
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Security |
Repayment terms |
Outstanding
Balance as on 31.03.2012 |
|
|
|
|
|
|
|
|
Axis Bank |
Home Loan |
1.700 |
Home |
20 years |
Rs.1.542 Millions (As on 31.03.2013) |
|
Other than Bank and Financial Institution |
-- |
-- |
-- |
-- |
-- |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Address |
|
Rupalee S. Karmakar |
Business |
Wife |
38 |
38, Sun Residency, Opposite Goga Maharaj Mandir Lane, Thaltej-Shilaj
Road, Thaltej, Ahmedabad – 380059, Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
DARSHAN CHANDULAL SHAH
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Non Agri Land |
No |
|
Commercial: |
Address: B/8,
Nikamal Shopping Center, Ahmedabad, Gujarat, India Owner: Dr.
Darshan Chandulal Shah Purchase Cost:
Rs.0.016 Million Market Value:
Rs,1.000 Million Whether
encumbered: No |
|
Residential : |
10 Palm Beach Society,
Near Thaltej Gam, Thaltej Road, Ahmedabad, Gujarat, India Owner: Dr.
Darshan Chandulal Shah Purchases Cost
Rs.2.381 Millions Market Value:
Rs.35.000 Millions Whether
Encumbered: Yes, Housing Loan from City Bank |
|
Flat/ House |
No |
|
Agri. Land |
No |
|
Others |
No |
MOVABLE PROPERTY
SHARES/
DEBENTURES/ MUTUAL FUND ETC. Rs.4.179
Millions
VEHICLES
|
Type of
Vehicles |
Registration No |
Model |
Year of Make |
Cost at the time
of purchase |
RC Book Details |
Present Value |
|
|
|
|
|
|
|
|
|
BMW 5 Series |
No |
-- |
-- |
-- |
-- |
Rs.5.225 Millions |
JEWELLERY: Rs.0.100 Million
FIXED ASSETS: Rs.7.837 Millions
CAPITAL BUSINESS: Rs.7.401 Millions
Cash and Bank Balance Rs.3.527 Millions (Including Loans and Advance)
LIABILITIES
|
Borrowed From |
Purpose of Loan |
Security |
|
|
|
|
|
BMW Indian Financial Services Limited |
Car Loan |
2.281 |
|
Citi Bank |
Housing Loan |
1.375 |
|
HJDFC Bank |
Car Loan |
0.047 |
|
Kotak Mahindra Prime Limited |
Car Loan |
0.973 |
|
Other than Bank and Financial Institution |
-- |
3.578 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Address |
|
|
|
|
|
|
|
Nandini Shah |
Hospital Administrator |
Wife |
51 |
10, Palm Beach Society, Near Thaltej Gam, Thaltej Road, Ahmedabad,
Gujarat, India |
|
Pooja Shah |
Interior Designer |
Daughter |
31 |
10, Palm Beach Society, Near Thaltej Gam, Thaltej Road, Ahmedabad, Gujarat,
India |
|
Varun Shah |
Business |
Son |
28 |
10, Palm Beach Society, Near Thaltej Gam, Thaltej Road, Ahmedabad,
Gujarat, India |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF THE GROUP-UNITS
TO BE GIVEN SEPARATELY WITH FOLLOWING INFORMATION
|
Name of the
Company/ Firm |
Space Camp Ambassador |
Sai Sea Air Logistics Private Limited |
Sai Sea Air Forwarders |
Pooja Heart Hospital |
||||
|
|
|
|
|
|
||||
|
Constitution |
Proprietorship |
Private Limited Company |
Proprietorship |
Proprietorship |
||||
|
|
|
|
|
|
||||
|
Office |
401 4th Floor, Chandraprabhu Complex, Near Sardar Patel Colony, Sardar Patel Statue, Naranpura, Ahmedabad -
380014, Gujarat, India |
A-307, Oxfor Avenue, 15 Sattar Taluka Society, Opposite C. U Shah
College, Income Tax Ahmedabad – 380009, Gujarat, India |
A-307, Oxfor Avenue, 15 Sattar Taluka Society, Opp. C. U Shah College, Income Tax Ahmedabad – 380009, Gujarat, India |
Chandraprabhu Complex, Near Sardar Patel Colony, Sardar Patel Statue, Naranpura, Ahmedabad -
380014, Gujarat, India |
||||
|
|
|
|
|
|
||||
|
Activity |
Education/ Consultant |
Custom House Agent (CHA) |
Custom House Agent (CHA) |
Practicising Doctor (Cardiologist) |
||||
|
|
|
|
|
|
||||
|
Name of Partners |
Proprietorship |
1. Saiiesh Karmakar 2. Rupali Karmakar |
Proprietorship |
Proprietorship |
||||
|
|
|
|
|
|
||||
|
Bankers |
HDFC Bank Limited |
Bank of Baroda, Ambawadi Branch |
Bank of Baroda, Navrangpura Branch |
Bank of Baroda, S. P. Colony Branch |
||||
|
|
|
|
|
|
||||
|
Aggregate Limits Enjoyed |
Nil |
Rs. 3.500 Millions Hypothecation of Book Debt |
Nil |
Nil |
||||
|
|
|
|
|
|
||||
|
Financials |
Years (Rs. In
Millions) |
Years (Rs. In
Millions) |
Years (Rs. In
Millions) |
Years (Rs. In
Millions) |
||||
|
|
2010 |
2011 |
2010 |
2011 |
2010 |
2011 |
2010 |
2011 |
|
Sales/ Gross Receipt |
9.538 |
8.809 |
25.838 |
37.542 |
7.942 |
2.886 |
3.188 |
3.653 |
|
Depreciation |
0.694 |
0.356 |
0.410 |
0.440 |
0.101 |
0.028 |
0.000 |
0.000 |
|
Net Profit/ (Loss) |
0.694 |
(1.941) |
0.403 |
0.335 |
0.686 |
0.741 |
0.440 |
0.504 |
|
Net Worth |
2.441 |
(0.629) |
1.164 |
1.499 |
3.338 |
3.941 |
4.475 |
5.661 |
SHAREHOLDERS
|
Name of Shareholders |
Amount |
Share Holding % |
|
|
|
|
|
Dr. Darshan Shah |
100.65 |
11 |
|
Dhara Varun shah |
164.70 |
18 |
|
Brijmohan Sood |
137.25 |
15 |
|
Shailesh Kalmarkar |
73.20 |
8 |
|
Omprakash Lalchandani |
82.35 |
9 |
|
Naresh Ratilal Patel |
36.60 |
4 |
|
Narendra Patel |
36.60 |
4 |
|
Rupalee Kalmarkar |
27.45 |
3 |
|
Girijaben Sood |
36.60 |
4 |
|
Mohit Sood |
27.45 |
3 |
|
Rajesh Lalchandani |
45.75 |
5 |
|
Narain Aswani |
36.60 |
4 |
|
Sushilaben Aswani |
36.60 |
4 |
|
Dhaval Aswani |
36.60 |
4 |
|
Nandani Shah |
36.60 |
4 |
COST OF PROJECT
|
Particulars |
(Rs. In
Millions) |
|
Land (10 acres @ 2500 per Sq
Mtrs) |
101.171 |
|
Land Filling and Pavement Cost |
96.005 |
|
Boundary Wall (816 Mtr. X 3.3 Mtr.) |
10.293 |
|
Administrative Building |
12.500 |
|
Warehouse (Three) 80 X 20 Per Sq. Mtrs.xI2000 |
93.900 |
|
Residential two flats cum guest house. |
7.000 |
|
Electrification |
5.000 |
|
Furniture & Fixtures |
5.000 |
|
Equipments |
5.000 |
|
Pre- Operative |
2.500 |
|
IDC (6 M / 21 Crores) |
19.321 |
|
Contingencies (5 % excluding Land) |
17.790 |
|
Working Capital Margin |
2.000 |
|
|
|
|
Total |
377.480 |
MEANS OF FINANCE
|
Particulars |
(Rs. In
Millions) |
|
|
|
|
Share Capital and Unsecured Loan |
131.500 |
|
Term Loan |
246.000 |
|
|
|
|
Total |
377.500 |
IMPLEMENTATION
SCHEDULE AND CURRENT STATUS
|
Particulars |
Status |
Completion Date |
|
|
|
|
|
Acquisition of Land |
Adani Port and SEZ Limited,
has already agreed in principle to allot the land. Now they have received the Permission of Ministry of Commerce (L.O.A)
and have paid booking amount of Rs.5.000 Millions. Land will be allotted on
fulfillment of commercial
obligations and thereafter they may enter into lease agreement as per terms and conditions of MOU. |
June, 2013 |
|
|
|
|
|
Site Development Land Filling and Pavement |
-- |
September, 2013 |
|
|
|
|
|
Construction work of Administrative Office and Warehouse, Electrification |
Evaluation of construction work is almost completed and they have obtained permission of competent authority |
January, 2014 |
|
|
|
|
|
Obtaining of Equipments and Other Miscellaneous Work |
-- |
February, 2014 |
|
|
|
|
|
Commercial Services |
-- |
As early as possible after completion of work, trial run in full fledge by April, 2014 |
DATE OF COMMENCEMENT OF COMMERCIAL
PRODUCTION: APRIL 2014
PRODUCTS
MANUFACTURED-(Including by-products)
LOGISTIC SERVICES
Production Capacity: (Indicate quantity and value) as per projection
· Export Cargo Handling
· Export Storage changes in Warehouse
· Empty Container Movement
· Lift On and Lift Out Charges
· Transfer on Containers - Transportation Charges
· Container Storage charges
· Import Cargo Handling
· Transportation Income
Locational
advantages of existing and/or proposed premises
With reference to
(a) Absence of
civic restrictions
(b) Proximity to
the source of raw material:
(c) Market for the
product
The company is situated
in Mundra Port developed by Adani Port and SEZ Limited at Mundra in Kutch
District of Gujarat State. Adani Group has developed a 117 Km railway network
including Mundra to Adipur rail link.
Adani Mundra Port
has seamless connectivity through National Highway (NH 8A Ext.) and State
Highway (6 and 48) from Northern
and Western parts of India. The port also has over 70 kms of arterial and
sub-arterial road network within the SEZ.
Adani Port and
Special Economic Zone Limited (Formerly Known as Mundra Port and Special
Economic Zone Limited (hereinafter known as "APSEZ") is the largest
privately developed port in the country and a multi-sector SEZ. It is spread
over 100 sq. km. in the
Northern Gulf of Kutch, Gujarat, on the western coast of India. The port is
located enroute major maritime routes, and serves as one of the country's most
convenient gateways for Exim trade, especially for cargo bound west for Europe,
Africa, America and Middle East. Its proximity to land locked hinterland of and
North-West India gives it a strategic advantage to service the industry and
trade that accounts for nearly 70% of the country's total international cargo.
Availability of –
· Power
· Water
· Labour
· Transport
As per MOU entered
with APSEZ Limited, all utilities services shall be provided by APSEZ and
transport operators are easily available from surrounding areas and they shall
tie-up with them.
Land and Building
Land: The Company has
agreed to obtain land of 10 acres from Adani port and SEZ limited at the rate
of Rs.2500.00 per sq.mt. costing total land at about Rs. 101.171 Millions. The
proposed land will be obtained on Long Term Leasehold Land with a right of
lease of 30 years from Adani Port and SEZ Limited. The land can be mortgaged to
the bank as it would be
primary security.
The company has
estimated total cost of Rs.96.005 Millions towards Land Levelling/ Site
Development and Pavement Cost
Building: The cost for administrative building is estimated at Rs.12.500 Millions.
The cost of 3 warehouses each of 100 X 25 Sq. Mtrs. sizes are to be
constructed. The total cost of the warehousing facility is estimated at
Rs.93.900 Millions.
PARTICULARS OF MACHINERY AND OTHER FIXED ASSETS:
(Please indicate
whether machinery is imported and/or indigenous):
The company
proposes to take on lease
basis various equipments 1 kalmar, 2 hydrolic cranes, 4 fork lifts
The other
machinery such as 2 cargo lift and weighting scale (100 T) will be purchased.
The estimated cost is Rs.5.000 Millions.
MARKETING
Main Buyers
Consumers: Exporters / importers
Selling
Arrangements: (Selling Agents/Distributors/Stockiest
etc. and terms of arrangements
Advertisements: The advertisements will be used to raise visibility regarding the Warehouse
and its services to prospective customers who are otherwise unaware of it.
Strategic
Alliances: The Company shall be having strategic alliances
with various CHA operating in
different area of the Globe. Further, the promoters of the company shall be
having various strategic alliances with their business associates, friends and
relatives for obtaining business for CFS.
CHA Association: Since one of the promoters is a
CHA, he can divert his business to Nile Logistics Private Limited. Which presently
he is being granting to other CFS. Further with his association and links with'
various companies and CHA, he can divert the business to their company.
COMPETITION:
Main Competitors:
Other CFSs situated at Mundra. At present there are 9 CFSs put of which 4-5
CFSs atr active. However according to the volume of TEVs handle at Mundra port,
there is more need of CFS and existing business they have to divert to other
CFSs outside SEZ.
Comparative
advantages or disadvantages of the products: - Quality-wise: The directors in
this field of activity since long and well kaware of custom formalities, which
will make them able to provide better services.
Price-wise:
competitive compare to other CFSs at Mundra port.
FINANCIAL PLANNING
The company has envisaged total of project at 377.500 millions out of which they have proposed to bring Rs.131.500 Millions by way of capital and unsecured loan (capital Rs.91.500 Million and unsecured loan 40.000 millions) and for balanced amount of Rs.246.000 Millions they have approached the good selves.
FINANCIAL ASSISTANCE
REQUIRED
|
Nature of facility |
Requested limit (Rs. In Millions) |
|
|
|
|
Term Loan |
246.000 |
|
Working Capital requirement |
-- |
|
Cash Credit (Hypo of Book Debts- 60 Days) |
7.500 |
|
Total Fund Based Limit |
253.500 |
|
Inland / Foreign Guarantee (Financial/ Performance) |
2.500 |
|
Total Non Fund Based Limit |
2.500 |
|
Total Exposure |
256.000 |
COLLATERAL SECURITIES OFFERED (AS PER
REQUESTED LETTER)
(Other than those which are being directly financed – including details of secueity like ownership, purchase value, present market value etc. to the given)
Details of tangible securities viz. Land and Building etc.
|
Particulars |
Rs. In Millions |
|
Collateral
Security: Residential self-occupied Property of Mr. Sailesh Karmakar situated
at 38. Sun Residency. Nr. Upvan Bunqalows. B/s Shivam Vihar Thaltei,
Ahmedabad, Gujarat, India having market value of Rs.150.00 Millions. |
15.000 |
|
|
|
|
Office No.A-4i14
Admeasuring About 2700 Sq. ft.
"Siddhi Vinayak Towers", Situated on the Land Bearing Survey
No.195/2, 196/1 +2/A, '206, 211/1, 211/3, 212/1, 212/2 of Village Makarba,
Taluka City, District Ahmedabad and belonging to Dhara Varun Shah |
15.000 |
|
|
|
|
Plot No. 101,
admeasuring about 346.98 sq. mts., "Radhey Shirin" of Pallav
Co.-Op. Housing Society Limited (Vibhag-B), Village: Rancharda, Taluka:
Kalol, District Gandhinagar and belonging to Mr. Brijmohan Rameshchandra Sood |
10.000 |
|
|
|
|
Immovable
Property at Ground Floor admeasuring about 1466 sq. ft, Village Makarba
Taluka District Ahmedabad and belonging to Mr. Omprakash Laxmandas
Lalchandani |
20.000 |
|
|
|
|
Total Coverage Available (Approx) |
60.000 |
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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.