|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUKT CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Wazirnagar, Ambey Majra Road, Mandi, Gobindgarh-147001, Punjab
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.05.2010 |
|
|
|
|
Com. Reg. No.: |
16-033944 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.150
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100PB2010PTC033944 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Alloys Steel, Mild Steel, Forging Steel and Castings,
etc. |
|
|
|
|
No. of Employees
: |
7 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Yet to commence business activities |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the subject was incorporated during May 2010, it is yet to
commence its business activities. Mr. Ravinder Channi, Director has provided all general information to us
and claimed that the company will commence its business once the company gets
sanction from its bank for the term loan being applied. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Ravinder Channi |
|
Designation : |
Director |
|
Contact No.: |
91-9855075355 |
|
Date : |
04.05.2013 |
LOCATIONS
|
Registered/ Corporate Office/ Factory : |
Village Wazirnagar, Ambey Majra Road, Mandi, Gobindgarh-147001,
Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9855075355 [Mr. Ravinder Channi] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1.5 Acre |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Rahul Santoshkumar Mittal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 20-B, Aman Colony, Near 22 No. Phatak, Patiala-147001, Punjab,
India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.11.1986 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.08.2012 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No.: |
ALDPM1095K |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
06437028 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravinder Channi |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 167/3, Shashtri Nagar, Mandi, Gobindgarh-147301, Punjab, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.10.1975 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.05.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No.: |
AAWPC3733E |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
03069980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajiv Vinodkumar Aggarwal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 901, Sector 12, Panchkula-134108, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.08.1972 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.05.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Pan No.: |
ADKPA4538J |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
02900418 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Alloys Steel, Mild Steel, Forging Steel and Castings,
etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesales and End Users |
|
|
|
|
No. of Employees : |
7 [Approximately] |
|
|
|
|
Bankers : |
Bank of India, Ludhiana, Punjab, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashwani Pradeep and Company Chartered Accountants |
|
|
|
|
Associates/Subsidiaries : |
Sandeep Steel and Agro Industries |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.10/- each
|
Rs.0.150
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.150 |
0.150 |
|
|
2] Share Application Money |
|
7.050 |
0.600 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
7.200 |
0.750 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.200 |
0.750 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.785 |
0.381 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.054 |
0.068 |
|
|
Other Current Assets |
|
0.041 |
0.041 |
|
|
Loans & Advances |
|
6.602 |
0.378 |
|
Total
Current Assets |
|
6.697 |
0.487 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.177 |
0.078 |
|
|
Other Current Liabilities |
|
0.105 |
0.040 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.282 |
0.118 |
|
|
Net Current Assets |
|
6.415 |
0.369 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.200 |
0.750 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
23.75 |
4.13 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projected) |
|||
|
Gross Sales |
|
|
|
|
|
Domestic |
319.921 |
383.905 |
418.805 |
418.805 |
|
Export |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
319.921 |
383.905 |
418.805 |
418.805 |
|
|
|
|
|
|
|
Less: Excise Duty |
7.476 |
8.972 |
9.787 |
9.787 |
|
|
|
|
|
|
|
Net Sales |
312.444 |
374.933 |
409.018 |
409.018 |
|
|
|
|
|
|
|
% age rise (+) or Fall (-) in Net Sales as compared to previous
year |
-- |
20.00 |
9.00 |
0.00 |
|
|
|
|
|
|
|
COST
OF SALES |
|
|
|
|
|
|
|
|
|
|
|
Raw Material (Including Stored and Other items used in the process of Manufacture) |
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
257.692 |
302.920 |
330.406 |
329.832 |
|
|
|
|
|
|
|
Others (Consumable) |
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
2.099 |
2.519 |
2.748 |
2.748 |
|
|
|
|
|
|
|
Power and Fuel |
42.622 |
51.147 |
55.796 |
55.796 |
|
|
|
|
|
|
|
Direct Labour (Factory Wages and Salary) |
4.165 |
5.225 |
5.486 |
5.541 |
|
|
|
|
|
|
|
Other Manufacturing Expenses |
0.367 |
0.460 |
0.483 |
0.488 |
|
|
|
|
|
|
|
Depreciation |
5.287 |
4.526 |
3.875 |
3.320 |
|
|
|
|
|
|
|
Sub Total |
312.231 |
366.795 |
398.794 |
397.724 |
|
|
|
|
|
|
|
Add: Opening Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub
Total |
312.231 |
366.795 |
398.794 |
397.724 |
|
|
|
|
|
|
|
Deduct : Closing Stock in Process |
|
|
|
|
|
|
|
|
|
|
|
Cost
of Production |
|
|
|
|
|
|
|
|
|
|
|
Add : Opening Stock of Finished Goods |
0.000 |
5.737 |
6.311 |
6.884 |
|
|
|
|
|
|
|
Sub
Total |
312.231 |
372.532 |
405.105 |
404.609 |
|
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
5.737 |
6.311 |
6.884 |
6.884 |
|
|
|
|
|
|
|
Sub Total (Total
Cost of Sales) |
306.494 |
366.222 |
398.220 |
397.724 |
|
|
|
|
|
|
|
Selling, General and Administrative
Expenses |
1.100 |
1.380 |
1.449 |
1.463 |
|
|
|
|
|
|
|
Sub total |
307.594 |
367.602 |
399.669 |
399.188 |
|
|
|
|
|
|
|
Operating Profit before Interests
|
4.850 |
7.311 |
9.349 |
9.830 |
|
|
|
|
|
|
|
Interest |
4.647 |
4.810 |
4.464 |
4.118 |
|
|
|
|
|
|
|
Operating Profit After Interests
|
0.203 |
2.521 |
4.885 |
5.712 |
|
|
|
|
|
|
|
Deduct Other Non-Operating Expenses |
0.020 |
0.020 |
0.020 |
0.020 |
|
|
|
|
|
|
|
Net of Other Non-Operating Income/Expenses |
(0.020) |
(0.020) |
(0.020) |
(0.020) |
|
|
|
|
|
|
|
Profit before
Taxes |
0.183 |
2.501 |
4.865 |
5.692 |
|
|
|
|
|
|
|
Less: Tax Provision |
0.055 |
0.750 |
1.459 |
1.708 |
|
|
|
|
|
|
|
Net Profit After
Tax |
0.128 |
1.751 |
3.405 |
3.985 |
|
|
|
|
|
|
|
Retained Profit |
0.128 |
1.751 |
3.405 |
3.985 |
|
|
|
|
|
|
|
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 |
|
|
(Projected) |
|||
|
CURRENT
LIABILITIES |
|
|
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
From applicant Banks |
5.000 |
5.000 |
5.000 |
5.000 |
|
From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
|
Of which BP and BD |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub
Total (A) |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Short Term Borrowings from others |
|
|
|
|
|
Sundry creditors [Trade] |
7.530 |
8.283 |
9.036 |
9.036 |
|
Sundry creditors [Expenses] |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision of taxes |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
2.769 |
2.769 |
2.769 |
2.769 |
|
Other current liabilities and provision (Due within one year) |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Sub
– Total (B) |
15.300 |
16.053 |
16.806 |
17.006 |
|
|
|
|
|
|
|
Total
Current Liabilities |
20.300 |
21.053 |
21.806 |
22.006 |
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Preferences Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Prop. Term Loan excluding installments < 1 year |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Term Loans (Excluding Installment) |
13.846 |
11.077 |
8.308 |
5.538 |
|
|
|
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Term deposit (repayable one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other Term Liabilities |
19.010 |
19.010 |
19.010 |
19.010 |
|
|
|
|
|
|
|
Total
Term Liabilities |
32.857 |
30.087 |
27.318 |
24.549 |
|
Total
of Outside Liabilities |
53.156 |
51.140 |
49.124 |
46.555 |
|
|
|
|
|
|
|
Net
Worth |
|
|
|
|
|
Share Capital Account |
10.000 |
10.000 |
10.000 |
10.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
|
Shares Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
0.128 |
1.879 |
5.284 |
9.269 |
|
Differed Tax Liability |
|
|
|
|
|
|
|
|
|
|
|
Net Worth |
10.128 |
11.879 |
15.284 |
19.269 |
|
|
|
|
|
|
|
TOTAL LIABILITIES |
63.284 |
63.019 |
64.408 |
65.823 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.550 |
0.708 |
0.917 |
1.196 |
|
|
|
|
|
|
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Receivable Other than Exports |
1.912 |
2.104 |
2.295 |
2.295 |
|
|
|
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVENTORY: |
|
|
|
|
|
Raw materials
(including stores and other item used in the process of manufacturing) |
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
10.543 |
11.597 |
12.651 |
12.651 |
|
|
|
|
|
|
|
Stock – in – process |
|
|
|
|
|
Finished Goods |
5.737 |
6.311 |
6.884 |
6.884 |
|
|
|
|
|
|
|
Other Consumable Spares |
|
|
|
|
|
Imported Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous Consumables |
0.518 |
0.621 |
0.677 |
0.677 |
|
|
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances Payments Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other current assets (specify major items ) |
8.500 |
10.700 |
13.900 |
18.376 |
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
27.760 |
32.040 |
37.324 |
42.079 |
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
Gross Block |
37.356 |
37.356 |
37.356 |
37.356 |
|
Depreciation to date |
5.287 |
9.813 |
13.688 |
17.007 |
|
|
|
|
|
|
|
NET BLOCK
|
32.069 |
27.544 |
23.669 |
20.349 |
|
|
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in subsidiary company |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others Investment |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Others
Debtors (6 month) |
|
|
|
|
|
Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
3.375 |
3.375 |
3.375 |
3.375 |
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
3.375 |
3.375 |
3.375 |
3.375 |
|
|
|
|
|
|
|
Intangible assets |
0.080 |
0.060 |
0.040 |
0.020 |
|
|
|
|
|
|
|
TOTAL
ASSETS |
63.284 |
63.019 |
64.408 |
65.823 |
|
|
|
|
|
|
|
Tangible Net Worth |
10.048 |
11.819 |
15.244 |
19.249 |
|
|
|
|
|
|
|
Net Working Capital |
7.460 |
10.987 |
15.519 |
20.074 |
|
|
|
|
|
|
|
Current Ratio |
1.37 |
1.52 |
1.71 |
1.91 |
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
5.29 |
4.33 |
3.22 |
2.42 |
|
|
|
|
|
|
|
Quasi TOL/TNW |
1.18 |
1.04 |
0.88 |
0.72 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projected) |
|||
|
Raw Materials (Including Stores, and Other
Items used in the Process of Manufacture)
|
|
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
|
|
|
|
|
[b] Indigenous |
10.543 |
11.597 |
12.651 |
12.651 |
|
Months Consumption |
14 Days |
14 Days |
14 Days |
14 Days |
|
|
|
|
|
|
|
Other consumable spares, Excluding those
included 1 above |
|
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
|
|
|
|
|
[b] Indigenous |
0.518 |
0.621 |
0.677 |
0.677 |
|
Months Consumption |
90 |
90 |
90 |
90 |
|
|
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months cost of production |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Finished goods |
5.737 |
6.311 |
6.884 |
6.884 |
|
Days of sales |
6 |
6 |
6 |
6 |
|
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
1.912 |
2.104 |
2.295 |
2.295 |
|
Days of sales |
2 |
2 |
2 |
2 |
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers months export sales] |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Advances to suppliers of raw materials and stores/
spares consumable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Cash and bank balances investment (other
than long term) |
9.050 |
11.408 |
14.817 |
19.572 |
|
|
|
|
|
|
|
Advances payment of taxes other current
assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
27.760 |
32.040 |
37.324 |
42.079 |
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
7.530 |
8.283 |
9.036 |
9.036 |
|
Days Purchases |
10 |
10 |
10 |
10 |
|
|
|
|
|
|
|
Credit for than Suppliers |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Statutory liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
7.769 |
7.769 |
7.769 |
7.969 |
|
|
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
15.300 |
16.053 |
16.806 |
17.006 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projected) |
|||
|
|
|
|
|
|
|
FIRST METHOD OF LENDING |
|
|
|
|
|
|
|
|
|
|
|
Total Current Assets |
27.760 |
32.040 |
37.324 |
42.079 |
|
|
|
|
|
|
|
Other Current Liabilities (Other than bank borrowings) |
15.300 |
16.053 |
16.806 |
17.006 |
|
|
|
|
|
|
|
Working Capital Gap (WCG) |
12.460 |
15.987 |
20.519 |
25.074 |
|
|
|
|
|
|
|
Minimum stipulated net working capital i.e.
25% of WCG/ 25% of total current assets as the case may be depending upon the
method of lending being applied (Export receivables to be excluded under both
methods) |
6.940 |
8.010 |
9.331 |
10.520 |
|
|
|
|
|
|
|
Actual / projected net working capital |
7.460 |
10.987 |
15.519 |
20.074 |
|
|
|
|
|
|
|
Item 3 minus item 4 |
5.520 |
7.977 |
11.188 |
14.554 |
|
|
|
|
|
|
|
Item 3 minus item 5 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Maximum permissible bank finance (Item 6 or 7 whichever is lower) |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
Excess Borrowing Representing Short falling
NWC |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS IN MILLIONS)
|
PARTICULAR |
|||
|
|
(Projected) |
||
|
SOURCES OF FUNDS
|
|
|
|
|
|
|
|
|
|
Net Profit (after deferred tax) |
1.751 |
3.405 |
3.985 |
|
Depreciation |
4.526 |
3.875 |
3.320 |
|
Increase in share capital/appln./premium |
0.000 |
0.000 |
0.000 |
|
Increase in term liabilities (including public deposits) |
(2.769) |
(2.769) |
(2.769) |
|
Decrease in |
|
|
|
|
Fixed assets and capital WIP |
0.000 |
0.000 |
0.000 |
|
Other non-current assets |
0.000 |
0.000 |
0.000 |
|
Inc./(dec.) in deferred tax liability /
(asset) |
0.000 |
0.000 |
0.000 |
|
Other |
0.020 |
0.020 |
0.020 |
|
|
|
|
|
|
TOTAL |
3.527 |
4.531 |
4.555 |
|
|
|
|
|
|
USES |
|
|
|
|
Net loss |
0.000 |
0.000 |
0.000 |
|
Decrease in term liabilities (including public deposits) |
0.000 |
0.000 |
0.000 |
|
Increase in |
0.000 |
0.000 |
0.000 |
|
Fixed assets and capital WIP |
0.000 |
0.000 |
0.000 |
|
Other non-current assets |
0.000 |
0.000 |
0.000 |
|
Dividend payments |
0.000 |
0.000 |
0.000 |
|
Inc./(Dec.) in deferred tax
assets/(liability) |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Long term surplus (+) / Deficit (-) |
3.527 |
4.531 |
4.555 |
|
Increase/decrease in current assets * (as per details given below) |
4.280 |
5.284 |
4.755 |
|
Increase/decrease in current liabilities
other than bank borrowings |
0.753 |
0.753 |
0.200 |
|
Increase/decrease in working capital gap |
3.527 |
4.531 |
4.555 |
|
Net surplus/ deficit |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in bank borrowings |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in net sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Break Up of Items |
|
|
|
|
Increase/decrease in raw materials |
1.054 |
1.054 |
0.000 |
|
Increase/decrease in stock-in-process |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in finished goods |
0.574 |
0.574 |
0.000 |
|
Increase/decrease in receivables |
|
|
|
|
Domestic |
0.191 |
0.191 |
0.000 |
|
Exports |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in stores and spares |
0.104 |
0.056 |
0.000 |
|
Increase/decrease in other current assets |
2.358 |
3.409 |
4.755 |
|
NET INCREASE/DECREASE |
4.280 |
5.284 |
4.755 |
|
|
|
|
|
|
BREAK UP OF |
|
|
|
|
Increase/decreasing in current liabilities |
0.753 |
0.753 |
0.000 |
|
Increase/decrease in statutory liabilities |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in other current
liabilities |
0.000 |
0.000 |
0.200 |
|
NET INCREASE/DECREASE |
0.753 |
0.753 |
0.200 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. RAVINDER CHANNI
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Immovable Property |
0.000 |
|
|
|
|
TOTAL IMMOVABLE
PROPERTY |
0.000 |
|
|
|
|
MOVABLE PROPERTY |
|
|
Insurance Policies |
2.000 |
|
Jewellery |
0.760 |
|
Invest in Business Shree Ganesh Strips, Mandi Gobindgarh |
0.600 |
|
Investment / Assets Sandeep Steel and Agro Industries |
0.331 |
|
Subsidiaries, Sister, Associate Concern |
1.440 |
|
|
|
|
TOTAL MOVABLE
ASSETS |
5.131 |
|
|
|
|
LESS: LIABILITIES |
|
|
Liabilities |
0.000 |
|
NETWORTH |
5.131 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. RAJIV AGGARWAL
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Immovable Property |
0.000 |
|
|
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
|
|
|
|
|
MOVABLE PROPERTY |
|
|
Jewellery |
1.064 |
|
Invest in Business Aggarwal Sales Corporation |
29.870 |
|
Investment / Assets Aay Pee Industries |
20.354 |
|
Subsidiaries, Sister, Associate Concern |
7.150 |
|
|
|
|
TOTAL MOVABLE
ASSETS |
58.438 |
|
|
|
|
LESS: LIABILITIES |
|
|
Liabilities |
0.000 |
|
NETWORTH |
58.438 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. RAHUL MITTAL
(RS. IN MILLIONS)
|
PARTICULAR |
BREAKUP VALUE |
|
IMMOVABLE PROPERTY |
|
|
Immovable Property |
0.000 |
|
|
0.000 |
|
TOTAL IMMOVABLE
PROPERTY |
|
|
|
|
|
MOVABLE PROPERTY |
|
|
Jewellery |
0.456 |
|
Invest in Business Casting Private Limited |
0.550 |
|
Investment / Assets Mukt Bricks
|
0.212 |
|
Subsidiaries, Sister, Associate Concern |
0.894 |
|
|
|
|
TOTAL MOVABLE
ASSETS |
2.112 |
|
|
|
|
LESS: LIABILITIES |
|
|
Liabilities |
0.000 |
|
NETWORTH |
2.112 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Purpose for which valuation is made |
Bank purpose regarding “Mukt Casting Private
Limited”, Wazir Nagar, Tehsil and District Fatehgarh Sahib. |
|
|
|
|
Date on Inspection is made |
15.03.2013 |
|
|
|
|
Name of Owner/Owners |
Mrs. Raj Rani w/o Mr. Santosh Kumar and Mr. Santosh Kumar s/o Mr. Diwan
Chand r/o Patiala. |
|
|
|
|
If the property is under joint ownership
Co-ownership, share of each owner. Are the shares undivided? |
Joint Ownership |
|
|
|
|
Brief Description of the property |
Industrial Unit (under construction) |
|
|
|
|
Location, Street, Ward No. |
Ambe Majra-Mullanpur Road, Wazir Nagar, Tehsil and District Fatehgarh
Sahib. |
|
|
|
|
Survey No./ Plot No. of Land |
-- |
|
|
|
|
In the property is situation in residential/
commercial/ mixed area/ industrial area? |
Mixed Area |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Upper Middle Class |
|
|
|
|
Proximity to civil amenities like School
Hospital, Offices, Markets, Cinemas etc |
Available within 3 K.M. at Mandi Gobindgarh |
|
|
|
|
Means and proximity to surface Communication by which the locality is
served. |
Road/Common Rasta |
|
|
|
|
Area of Land supported by documentary Proof, Shape, Dimensions and
Physical features. |
Sale Deed No. 2171
dated 27.08.2007 for land measuring 11 K-17 Marlas comprised in
Khewat/Khatauni No. 42/49 Khasra No. 11/23/1(5-2), 24/1(5-2),25/1/1(1-13)
kite 3, land 11 K-17 Marlas vide Jamabandi year 2003-04 in the revenue estate
of Village Wazir Nagar, Tehsil and District Fatehgarh Sahib. [Subject to
legal repot] |
|
|
|
|
Total Land |
11 Kanals 17 Marlas or 1.47 Acres |
|
|
|
|
The property in question is bounded as under: |
|
|
North: |
516’-0” |
|
South: |
516’-0” |
|
East: |
126’-0” |
|
West: |
126’-0” |
|
|
|
|
Is it leasehold the name of lessor/lessee,
nature of lease, dates of commencement and termination of lease and
termination of lease and terms of renewal of lease Initial premium Ground rent payable per annum Unearned increase payable to the lessor in
the event of sale of transfer |
NA |
|
Furnish technical details of the building
plot area |
11 Kanals 17 Marlas |
|
Construction Specification and Details: Main Shed: Heavy girder framed columns embedded in R.C.C.
foundation. ACC sheet roofing i/c ridge supported over angle iron framed
trusses laid on heavy angle iron framed beams, purlins and rafters. C.G.I
sheet cladding. Proper arrangement for plying of cranes. Side to Shed: ACC sheet roofing supported over angle iron
fabricated columns. Panel Room: Spread foundations. Bricks work in cement
mortar in RCC foundations, plinth and superstructure. RCC slab. Cement
Plaster. Flooring. R.C.C. Plate Form: Spread foundations. Brick work I cement
mortar in foundations, plinth and superstructure. R.C.C. slab 10” thick.
Cement plaster. Laboratory/ Manger Room: Transformer Room: Spread foundations. Brick work in cement
mortar in foundations, plinth and superstructure. RCC slab. Cement plaster.
Flooring. Labour Quarters: Spread foundation. Brick work in cement
mortar in foundations, plinth and superstructure. R.B. Slab. Under ground water circulation tank: Brick Pavement: Boundary Wall: Spread foundation. Brick work in cement
mortar in foundations, plinth and superstructure. 9’ thick. Height 8’0-“ |
|
|
|
|
|
Is the building owner occupied/ tenanted/
both? |
Owner occupied |
|
|
|
|
If a pump in installed, who has to bear the
cost of maintenance and operation ----------owner or tenant? |
Yes, Owner |
|
|
|
|
Land rate adopted in this valuation (market
rate) |
Rs.1.10 Crore/ per acre |
|
|
|
|
If sale instances are not available or not
relied upon, the basis of arriving at the land rate |
Market rate |
|
|
|
|
Guideline value/value of IP as per circle rates,
if any, applicable in the area where IP is situated |
Rs.52800/- per Marla |
|
|
|
|
What was the method of construction by on
tract/ by employing labour directly / both? |
By employing labour directly/ constructed |
|
|
|
|
Year of commencement of construction and
year of completion |
2011 and is under construction |
|
|
|
|
Govt. Value: 11 K-17 Marlas or 0K-237 Marlas @ Rs.52800
per Marla |
Rs.12.514 Millions |
|
|
|
|
Market Value: Main Shed: 300’ x 65’ = 19500 sft. @ Rs.318/- per sft. |
Rs.6.201 Millions |
|
|
|
|
Side to Shed: 60’ x 22’ = 1320 sft. 50’ x 22’ =x1100 sft. -------------------------------------- Total: 2420 sft. @ Rs.75/- per sft. |
Rs.0.182 Million |
|
|
|
|
Panel Room: 80’ x 24’ = 1920 sft. @ Rs.500/- per sft. |
Rs.0.960 Million |
|
|
|
|
Plate Form: 60’ x 28’ = 1680 sft. @ Rs.375/- per sft. |
Rs.0.630 Million |
|
|
|
|
Laboratory / Manager Room: 60’ x 28’ = 1680 sft. @ Rs.400/- per sft. |
Rs.0.672 Million |
|
|
|
|
Transformer Room: 80’ x 24’ = 1920 sft. @ Rs.500/- per sft. |
Rs.0.960 Million |
|
|
|
|
Under Ground Water Circulation Tank
------L.S.-------- Brick Pavement -----------L.S.--------------
Mics./Minor Items
----------------L.S.------------------ Boundary Wall: 1260 Rft. @ Rs.610/- per Rft. Total 11
K-17 M or 1.47 acre @ Rs.1.10 Crore/ per Acre Total: Says: |
Rs.0.275 Million Rs.0.150 Million Rs.0.055 Million Rs.0.769 Million ------------------------------ Rs.10.853 Millions Rs.16.170 Millions Rs.27.023 Millions Rs.27.023 Millions |
|
|
|
|
Realizable Value 90% |
Rs.24.320 Millions |
|
|
|
|
Distress Sale Value 85% |
Rs.22.969 Millions |
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.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.