|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SARASWATI PLYWOOD PRIVATE LIMITED (w.e.f. 04.02.2004) |
|
|
|
|
Formerly Known
As : |
SRI SUKHRAM IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
44/2/1, Jheel Road, Near Paul Bazar, Kathgola, Kolkata – 700025, West
Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.10.2001 |
|
|
|
|
Com. Reg. No.: |
21-093815 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.733
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2001PTC093815 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS2961C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Plywood, Sunmica etc. |
|
|
|
|
No. of Employees
: |
15 (Approximately) (Office – 5 and Factory – 10) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. It
is engaged in the trading of plywood, sunmica etc. The profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Dilip Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9874775673 |
|
Date : |
18.03.2013 |
LOCATIONS
|
Registered Office : |
44/2/1, Jheel Road, Near Paul Bazar, Kathgola, Kolkata – 700025, West
Bengal, India |
|
Tel. No.: |
91-33-24182780 |
|
Mobile No.: |
91-9874775673 (Mr. Dilip Agarwal) 91-9830865638 (Mrs. Nilam Agarwal) |
|
Fax No.: |
91-33-24185294 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
49, Garfamain Road, Kolkata – 700075, West Bengal, India |
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Ramesh Chand Agarwal |
|
Designation : |
Director |
|
Address : |
3, Vidya Sagar Sarani, Jadavpur, Kolkata – 700075, West Bengal, India |
|
Date of Birth/Age : |
10.02.1954 |
|
Qualification : |
Higher Secondary |
|
Experience : |
20 years |
|
Date of Appointment : |
06.10.2001 |
|
DIN No.: |
00663220 |
|
|
|
|
Name : |
Mr. Dilip Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
3, Vidya Sagar Sarani, Jadavpur, Kolkata – 700075, West Bengal, India |
|
Date of Birth/Age : |
09.04.1971 |
|
Qualification : |
Graduate |
|
Experience : |
10 years |
|
Date of Appointment : |
05.10.2001 |
|
DIN No.: |
01129330 |
|
|
|
|
Name : |
Mrs. Nilam Madanlal Agarwal |
|
Designation : |
Director |
|
Address : |
3, Vidya Sagar Sarani, Jadavpur, Kolkata – 700075, West Bengal, India |
|
Date of Birth/Age : |
18.04.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.10.2012 |
|
DIN No.: |
06403436 |
|
PAN No.: |
ACRPA9504A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Dilip Agarwal |
|
12400 |
|
Ramesh Chand Agarwal |
|
13100 |
|
Suresh Chand Agarwal |
|
1000 |
|
Sunil Kumar Agarwal |
|
4000 |
|
Rekha Agarwal |
|
5000 |
|
Nilam Agarwal |
|
3000 |
|
Sita Devi Agarwal |
|
6800 |
|
Garima Agarwal |
|
6000 |
|
Vansh Agarwal |
|
6000 |
|
Tanisha Agarwal |
|
6000 |
|
Khori Sales Private Limited, India |
|
10000 |
|
|
|
|
|
Total |
|
73300 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
14.00 |
|
Directors or relatives of directors |
|
86.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Plywood, Sunmica etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30 days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
· Aica Laminated Private Limited · Arnold Exim Private Limited · Asis Plywood Private Limited · Bajaj Eco-Tech Product Limited · Century PlyBoards (indie) Limited · Eco-Tech Sales Services · Euro Decor Private Limited · G. S. Company · Green Supply Management (Kol) Private Limited · J B Timber Concern · Lalchand Resort Private Limited · Laxmi Plywood · Lomex India private Limited · Maa Boyra Enterprises · Mars Plywood Industries Private Limited · Mica Sales Corporation · Narottam Plywood Industries Private Limited · Pity Enterprises · Regal Udyog Private Limited · Shiv Khori Sales Private Limited · Summi Commercial Private Limited · The Bombay Burman Trading Corporation Limited · Top Plywood Private Limited · Trinity Lamination Company Private Limited · Vardhaman Veeners limited · Veera Veeners LLC |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Wholesalers and Retailers · A. C. and Associates · Adler Associates Projects Private Limited · A. K. Enterprise · Advanced Construction · AKE Interiors Private Limited · Amrat Lal and Company · BAP Swami Narian Mandire · Bansal Marbel Centre · Bharat Plywood Agency · Birla Industrial and Technology · Carbon Resources Private Limited · Century Mitra and Company · Construction Enterprises · Corner Stone Developers private limited · Dadheche Infrastructure Private Limited · Decorage and Associates · Excel Wall Interior · Gupta Decorative · Globe Emporium · Heera Mables and Granites · Ideal Infrastructure Solutions Private Limited · Isha Distribution House Private Limited · Mittal Plywood · Millenium Construction · N K Patel and Company · Neutech Office Systems · Plast-O-Make Industries · Power Tools and Appliances Company Limited · Reliance Furnishers private Limited · Roy Enterprisers · S. K. Enterprises · Shapoorji Pollon and Company Limited · Shivam Dhatu Udyog Private Limited · Tashi Commerce Corporation · Tirupati Plywood · Xception Design |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
15 (Approximately) (Office – 5 and Factory – 10) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Bank of India Brabourne Road, Kolkata, West Bengal, India · State Bank of India SMECCC Kolkata, 1 Strand Road, 4th Floor, Kolkata – 700001, West Bengal, India · Bank of Maharashtra Gariahat Road Branch, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agarwal Suresh Kumar and Company Chartered Accountant |
|
Address : |
357/8, Prince Anwar Shah Road, Kolkata – 700068, West Bengal, India |
|
Tel. No.: |
91-33-24177937 |
|
Fax No.: |
91-33-24171388 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
· Shree Saraswati Oil Mill 3, Vidya Sagar, Jadavpur, Kolkata – 700075, West Bengal, India Line of Business: Manufacturer of Oil. |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.10/- each |
Rs.0.750 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73300 |
Equity Shares |
Rs.10/- each |
Rs.0.733 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.733 |
0.733 |
0.733 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4.153 |
3.833 |
3.622 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.886 |
4.566 |
4.355 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.830 |
3.825 |
3.997 |
|
|
2] Unsecured Loans |
1.593 |
2.660 |
0.400 |
|
|
TOTAL BORROWING |
4.423 |
6.485 |
4.397 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.309 |
11.051 |
8.752 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.051 |
1.301 |
1.413 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.058 |
1.058 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.032 |
0.028 |
0.015 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.083
|
3.835 |
3.532 |
|
|
Sundry Debtors |
10.088
|
10.445 |
7.661 |
|
|
Cash & Bank Balances |
0.145
|
0.280 |
0.563 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.230
|
0.351 |
0.255 |
|
Total
Current Assets |
16.546
|
14.911 |
12.011 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
9.574
|
5.877 |
4.369 |
|
|
Other Current Liabilities |
1.652
|
0.071 |
0.132 |
|
|
Provisions |
0.152
|
0.299 |
0.186 |
|
Total
Current Liabilities |
11.378
|
6.247 |
4.687 |
|
|
Net Current Assets |
5.168
|
8.664 |
7.324 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.309 |
11.051 |
8.752 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
87.385 |
83.017 |
59.802 |
|
|
|
Other Income |
0.450 |
0.112 |
0.092 |
|
|
|
TOTAL (A) |
87.835 |
83.129 |
59.894 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
83.818 |
79.897 |
57.636 |
|
|
|
Employee Benefit Expenses |
1.702 |
1.362 |
1.011 |
|
|
|
Other Expenses |
0.907 |
0.838 |
0.533 |
|
|
|
TOTAL (B) |
86.427 |
82.097 |
59.180 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.408 |
1.032 |
0.714 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.838 |
0.594 |
0.359 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.570 |
0.438 |
0.355 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.101 |
0.128 |
0.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.469 |
0.310 |
0.194 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.148 |
0.099 |
0.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.321 |
0.211 |
0.132 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.551 |
0.340 |
0.208 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.872 |
0.551 |
0.340 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.38 |
2.88 |
2.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.37
|
0.25 |
0.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.54
|
0.37 |
0.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.39
|
1.91 |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.07 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91
|
1.42 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
2.39 |
2.56 |
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 |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ESTIMATED BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.700 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.700 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
10.000 |
|
|
2] Unsecured Loans |
|
|
1.593 |
|
|
TOTAL BORROWING |
|
|
11.593 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.293 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.707 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.058 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.500 |
|
|
Sundry Debtors |
|
|
13.100 |
|
|
Cash & Bank Balances |
|
|
0.803 |
|
|
Other Current Assets |
|
|
0.172 |
|
|
Loans & Advances |
|
|
0.350 |
|
Total
Current Assets |
|
|
20.925 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
5.000 |
|
|
Other Current Liabilities |
|
|
1.225 |
|
|
Provisions |
|
|
0.172 |
|
Total
Current Liabilities |
|
|
6.397 |
|
|
Net Current Assets |
|
|
14.528 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.293 |
|
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
121.900 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
121.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
112.638 |
|
|
|
Excise Duty |
|
|
3.000 |
|
|
|
Freight |
|
|
0.265 |
|
|
|
Loading and Uploading Charges |
|
|
0.630 |
|
|
|
Salary and Bonus |
|
|
0.950 |
|
|
|
Car Hire Charges |
|
|
0.400 |
|
|
|
Rent |
|
|
0.245 |
|
|
|
Car and Bike Maintenance |
|
|
0.200 |
|
|
|
Director Remunerations |
|
|
0.600 |
|
|
|
Selling Expenses |
|
|
0.085 |
|
|
|
Other Expenses |
|
|
0.955 |
|
|
|
TOTAL (B) |
|
|
119.968 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
1.932 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.825 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
1.107 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
0.807 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
0.507 |
|
------------------------------------------------------------------------------------------------------------------------------
INCOME
FROM BUSINESS
(RS. IN MILLIONS)
|
Particulars |
2012-2013 |
|
|
Income from Business |
|
|
|
Net Profit as per profit and loss account |
0.469 |
0.469 |
|
Add: Depreciation as per Profit and Loss A/c
|
|
0.101 |
|
|
|
0.570 |
|
Less: Depreciation as per Income Tax |
|
0.079 |
|
Total Taxable Income |
|
0.491 |
|
|
|
|
|
ROUNDED OFF U/S 288A |
|
0.491 |
|
|
|
|
|
TAX ON ABOVE INCOME |
|
0.147 |
|
|
|
|
|
AT U/S 115J B |
|
|
|
Book Profit |
0.469 |
|
|
Rounded off U/s 288A |
0.469 |
|
|
18.50% of Book Profit |
0.087 |
|
|
(Tax calculation as per MAT Provision is
lower than normal calculation. Thus provision of MAT is not applicable) |
|
|
|
|
|
|
|
Add: Education Cess @ 3% |
|
0.004 |
|
|
|
|
|
Total Tax Payable |
|
0.152 |
|
Less: Advance Tax |
|
|
|
14.06.2011 |
0.030 |
|
|
12.09.2011 |
0.030 |
|
|
13.12.2011 |
0.040 |
|
|
07.03.2012 |
0.050 |
0.150 |
|
|
|
0.002 |
|
|
|
|
|
Interests U/s 234C |
|
|
|
(Rs.151700 x 12% - 30000) x 1% x 3 Months |
-- |
|
|
(Rs.151700 x 36% - 60000) x 1% x 3 Months |
-- |
|
|
(Rs.151700 x 75% - 100000) x 1% x 3 Months |
0.000 |
|
|
(Rs.151700 – 150000 x 1% |
0.000 |
0.000 |
|
|
|
|
|
Total Tax and Interest Payable |
|
0.002 |
|
|
|
|
|
Less: Tax Pac U/s 140A |
|
0.002 |
|
|
|
|
|
Balance Refundable |
|
Nil |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
(MR.
RAMESH CHAND AGARWAL)
COMPUTATION OF TOTAL INCOME
AND TAX PAYABLE THEREON AS ON 31.03.2011
|
PARTICULARS |
(RS. IN MILLIONS) |
||
|
INCOME FROM
SALARY |
|
|
|
|
As director for
Saraswati Plywood Private Limited |
|
|
0.180 |
|
|
|
|
|
|
INCOME FROM
BUSINESS AND PROFESSION |
|
|
|
|
Net profit
received from proprietorship concern M/s. Sree Saraswati Oil Mill |
|
|
0.219 |
|
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
|
Bank Interests |
|
0.000 |
|
|
Interest on PPF |
0.037 |
|
|
|
Less: Exempt U/s
10(11) |
0.037 |
0.000 |
0.000 |
|
|
|
|
|
|
GROSS TOTAL
INCOME |
|
|
0.399 |
|
|
|
|
|
|
Less: Deduction U/s 80C |
|
|
|
|
LIC Premium |
0.021 |
|
|
|
Deposit in
Public Provided Fund |
0.070 |
0.091 |
|
|
|
|
|
|
|
Deduction U/s 80D |
|
|
|
|
Mediclaim Premium
|
|
0.015 |
0.106 |
|
|
|
|
|
|
TOTAL TAXABLE
INCOME |
|
|
0.293 |
|
|
|
|
|
|
Rounded of U/s
288A |
|
|
0.293 |
|
|
|
|
|
|
Tax on Above |
|
|
0.013 |
|
Add: Education
Cess @ 3% |
|
|
0.000 |
|
|
|
|
0.013 |
|
Less: TDS |
|
|
0.001 |
|
|
|
|
0.012 |
|
|
|
|
|
|
Add: Interest
U/s 234B |
|
0.001 |
|
|
Add: Interest
U/s 234C |
|
0.000 |
0.001 |
|
|
|
|
|
|
Tax Paid |
|
|
0.014 |
|
|
|
|
|
|
Less: Tax paid
on 28.09.2011 u/s 140A |
|
|
0.014 |
|
|
|
|
|
|
Balance Tax Due |
|
|
0.000 |
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.485 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.485 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.500 |
|
|
TOTAL BORROWING |
|
|
1.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.472 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.502 |
|
|
Other Current Assets |
|
|
0.511 |
|
|
Loans & Advances |
|
|
1.500 |
|
Total
Current Assets |
|
|
2.513 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
2.513 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.985 |
|
------------------------------------------------------------------------------------------------------------------------------
(MR.
DILIP KUMAR AGARWAL)
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.924 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.924 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.691 |
|
|
2] Unsecured Loans |
|
|
0.860 |
|
|
TOTAL BORROWING |
|
|
1.551 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.475 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.632 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.235 |
|
|
Other Current Assets |
|
|
0.448 |
|
|
Loans & Advances |
|
|
1.460 |
|
Total
Current Assets |
|
|
2.143 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.300 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.300 |
|
|
Net Current Assets |
|
|
1.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3.475 |
|
------------------------------------------------------------------------------------------------------------------------------
(MRS.
NILAM AGARWAL)
COMPUTATION OF TAXABLE
INCOME FOR THE YEAR ENDED 31ST MARCH 2011
|
PARTICULARS |
(RS. IN MILLIONS) |
||
|
1] SALARY INCOME
|
|
|
|
|
Salary Bonus
received from Saraswati Plywood Private Limited |
|
|
0.195 |
|
|
|
|
|
|
2] INCOME FROM
OTHER SOURCES |
|
|
|
|
i] Dividend
Income received |
0.000 |
|
|
|
Less: Exempt U/s
10(34) of the I.T. Act 1961 |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii] Interest
received from |
|
|
|
|
Bank |
0.001 |
|
|
|
Others (Net) |
0.084 |
0.085 |
|
|
|
|
|
|
|
iii] Profit on
purchase/ sale of commodities received
|
|
0.195 |
0.280 |
|
|
|
|
|
|
|
|
|
|
|
GRAND TOTAL
INCOME |
|
|
0.475 |
|
|
|
|
|
|
Less: Admissible
deduction under chapter VIA |
|
|
|
|
U/s 80C Life Insurance
Premium Paid |
0.045 |
|
|
|
Deposit in
Public Provident Fund |
0.055 |
0.100 |
|
|
|
|
|
|
|
Maximum Deduction Allowable |
|
|
0.100 |
|
|
|
|
|
|
Net Taxable
Income |
|
|
0.375 |
|
|
|
|
|
|
Rounded Off |
|
|
0.375 |
|
|
|
|
|
|
|
|
|
|
|
TAX COMPUTATION |
|
|
|
|
|
|
|
|
|
Income Tax
payable on Rs.0.375 Million |
|
0.018 |
|
|
Add: Education
Cess Payable @ 3% on Rs.0.018/- |
|
0.001 |
|
|
Interests Payable u/s 234A |
0.001 |
|
|
|
234B |
0.002 |
|
|
|
234C |
0.001 |
0.004 |
|
|
|
|
|
|
|
Total Income
Tax, Education cess and Interests Payable |
|
0.023 |
|
|
|
|
|
|
|
BR Code
No.0510308, Challn No.52537 Dated 28.03.2012 |
|
0.023 |
|
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.271 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.271 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.271 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.608 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.002 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
1.000 |
|
|
Cash & Bank Balances |
|
|
0.064 |
|
|
Other Current Assets |
|
|
0.332 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
1.396 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.735 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.735 |
|
|
Net Current Assets |
|
|
0.661 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.271 |
|
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
The sales of the company has increased to
Rs.87.800 Millions from Rs.83.100 Millions in the previous year which is
respectable under the current circumstances. Profit before tax stood at
Rs.0.469 Million and profit after tax at Rs.0.321 Million during the year as
against Rs.0.310 Million and Rs.0.211 Million respectively in previous year.
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loan from Related Parties |
|
|
|
Bearing Interests Dilip Kumar Agarwal |
1.093 |
1.160 |
|
Not Bearing Interests Ramesh Chand Agarwal |
0.500 |
1.500 |
|
|
|
|
|
Total |
1.593 |
2.660 |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land
· Voltas AC
· Water Dispenser
· Fire Equipment
· Car
· Motor Bike
· Computer
· Laptop
· Computer Software
· Printer
· Furniture and Fixture
· Mobile Phone
· Inverter
· TVS Scooty
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.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.