MIRA INFORM REPORT
|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA FOUNDRY WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
33, Kanshi Nagar, Model Town, Naraingarh Road, Ambala City - 134007,
Haryana |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 [Provisional] |
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|
|
|
Date of
Incorporation : |
04.04.1997 |
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Com. Reg. No.: |
05-033543 |
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Capital
Investment / Paid-up Capital : |
Rs.2.400
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U27230HR1997PTC033543 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Kitting of Home Furnishing, Shawls and
Stoles. |
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|
No. of Employees
: |
8 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
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 : |
Recently commenced new project/business |
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|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a company which has recently commenced new project/business
during November 2012. It has stopped its earlier activities of Manufacturing and Trading of
Grey Iron, S.G. Iron and Steel Castings. Business is active. 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) |
|
India |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Rakesh Puri |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9815502330 |
|
Date : |
10.09.2013 |
LOCATIONS
|
Registered Office : |
33, Kanshi Nagar, Model Town, Naraingarh Road, Ambala City - 134007,
Haryana, India |
|
Tel. No.: |
91-171-6539507/ 2541506 |
|
Mobile No.: |
91-9815502330 [Mr. Rakesh Puri] |
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Fax No.: |
91-171-2541508 |
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E-Mail : |
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Website : |
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Head Office : |
815, Gulchaman Street, Iqbal Ganj Road, Ludhiana-141008, Punjab, India
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Factory : |
B-XXXII-E-14/2600/1, Bazigar Basti, Bahadur Kay Road, Industrial Area,
Opposite Duke Factory, Ludhiana, Punjab, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Kumar |
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|
Designation : |
Chairman cum Managing Director |
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|
Address : |
100, Model Town, Ambala City, Ambala-134003, Haryana, India |
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Date of Birth/Age : |
13.03.1951 |
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Date of Appointment : |
02.04.1996 |
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00494962 |
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Other Directorship:
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Name : |
Mr. Aseem Gupta |
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Designation : |
Director |
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|
Address : |
100, Model Town, Ambala City, Ambala-134003, Haryana, India |
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Date of Birth/Age : |
18.12.1982 |
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Date of Appointment : |
19.02.2007 |
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Din No.: |
00495041 |
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Other Directorship:
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Name : |
Mrs. Shobha Gupta |
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Designation : |
Director |
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|
Address : |
100, Model Town, Ambala City, Ambala-134003, Haryana, India |
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Date of Birth/Age : |
22.09.1954 |
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Date of Appointment : |
19.02.2007 |
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Din No.: |
00495115 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar |
|
80000 |
|
Shobha Gupta |
|
80000 |
|
Aseem Gupta |
|
80000 |
|
|
|
|
|
TOTAL
|
|
240000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Kitting of Home Furnishing, Shawls and
Stoles. |
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Product : |
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Imports : |
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Products : |
Machinery |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
LC / Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
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No. of Employees : |
8 [Approximately] |
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Bankers : |
IDBI Bank Limited, Ambala City - 134004, Haryana, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jayant Bansal and Company Chartered Accountants |
|
Address : |
320, Mahesh Nagar, Ambala-133001, Haryana, India |
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Tel. No.: |
91-171-2642401 [Office] 91-171-2661320 [Residential] |
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PAN No: |
AAAFJ6873A |
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Sister Concern : |
Durga Art Fashions Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
240000 |
Equity Shares |
Rs.10/- each
|
Rs.2.400
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.400 |
2.400 |
2.400 |
|
(b) Reserves & Surplus |
27.288 |
8.902 |
(3.020) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
29.688 |
11.302 |
(0.620) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
2.562 |
2.265 |
13.886 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.562 |
2.265 |
13.886 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
4.014 |
|
(b)
Trade payables |
0.070 |
0.000 |
2.854 |
|
(c)
Other current liabilities |
0.290 |
6.543 |
11.409 |
|
(d)
Short-term provisions |
3.500 |
3.277 |
0.000 |
|
Total
Current Liabilities (4) |
3.860 |
9.820 |
18.277 |
|
|
|
|
|
|
TOTAL |
36.110 |
23.387 |
31.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13.598 |
1.382 |
2.033 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
4.969 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.325 |
0.943 |
1.882 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13.923 |
7.294 |
3.915 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.137 |
0.000 |
3.977 |
|
(c)
Trade receivables |
5.781 |
5.583 |
21.742 |
|
(d)
Cash and cash equivalents |
0.835 |
9.396 |
0.857 |
|
(e)
Short-term loans and advances |
15.434 |
1.114 |
1.052 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
22.187 |
16.093 |
27.628 |
|
|
|
|
|
|
TOTAL |
36.110 |
23.387 |
31.543 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.807 |
2.834 |
24.764 |
|
|
|
Other Income |
0.481 |
0.230 |
0.000 |
|
|
|
TOTAL (A) |
1.288 |
3.064 |
24.764 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.043 |
0.253 |
|
|
|
|
Change in Inventories of Finished/ Semi-Finished Goods |
0.000 |
3.977 |
|
|
|
|
Employees Benefit Expenses |
0.214 |
0.335 |
21.988 |
|
|
|
Manufacturing and Other Expenses |
0.820 |
1.917 |
|
|
|
|
Loss on Sale of Other Fixed Assets |
0.000 |
0.412 |
|
|
|
|
Income Tax Earlier Years |
0.000 |
(0.001) |
|
|
|
|
Profit on Sale of Land |
(21.841) |
(19.425) |
|
|
|
|
TOTAL (B) |
(20.764) |
(12.532) |
21.988 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.052 |
15.596 |
2.776 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.077 |
0.314 |
1.353 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.975 |
15.282 |
1.423 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.089 |
0.084 |
0.448 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
21.886 |
15.198 |
0.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.500 |
3.277 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
18.386 |
11.921 |
0.975 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
76.61 |
49.67 |
4.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 [Provisional] |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1427.48
|
389.07 |
3.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2712.02
|
536.27 |
3.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
60.61
|
0.83 |
3.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74
|
1.34 |
(1.57) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09
|
0.20 |
(28.87) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.75
|
1.64 |
1.51 |
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 |
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) |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10442296 |
16/07/2013 |
14,000,000.00 |
BANK OF INDIA |
BHARAT NAGAR CHOWK
BRANCH, LUDHIANA - 141001, PUNJAB, INDIA |
B81810988 |
FIXED ASSETS:
- Land and Site
Development
- Building
- Plant and
Machinery
- Furniture and
Fixtures
------------------------------------------------------------------------------------------------------------------------------
COST
OF PROJECT AND MEANS OF FINANCE
(RS. IN MILLIONS)
|
COST OF PROJECT |
EXISTING |
PROPOSED |
TOTAL |
|
|
|
|
|
|
Land and Building |
7.391 |
0.000 |
7.391 |
|
Plant and Machinery |
6.207 |
12.088 |
18.295 |
|
Securities and Deposits |
0.028 |
0.000 |
0.028 |
|
Margin For Working Capital |
18.624 |
(1.156) |
17.468 |
|
TOTAL |
32.250 |
10.932 |
43.182 |
|
|
|
|
|
|
MEANS OF FINANCE |
|
|
|
|
|
|
|
|
|
Term Loan |
0.000 |
9.000 |
9.000 |
|
Promoter’s Contribution |
29.688 |
0.000 |
29.688 |
|
Car Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
2.562 |
0.838 |
3.400 |
|
Internal Accruals |
0.000 |
1.094 |
1.094 |
|
TOTAL |
32.250 |
10.932 |
43.182 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
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|
|
Domestic Sales (Gross) |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Sales |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
|
|
|
|
|
|
|
|
|
% Rise/Fall (-) in Net Sales |
2994.06 |
20.00 |
16.67 |
14.29 |
12.50 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
Profit Before Tax |
5.58 |
6.24 |
14.29 |
22.26 |
30.13 |
30.83 |
30.46 |
|
|
|
|
|
|
|
|
|
|
PBT/Sales (%) |
2.23 |
2.08 |
4.08 |
5.56 |
6.70 |
6.85 |
6.77 |
|
|
|
|
|
|
|
|
|
|
Profit After Tax |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
2.064 |
|
|
|
|
|
|
|
|
|
|
Cash Accrual |
1.544 |
1.610 |
2.281 |
2.717 |
3.161 |
3.136 |
3.050 |
|
|
|
|
|
|
|
|
|
|
Paid Up Capital |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
|
|
|
|
|
|
|
|
|
|
TNW |
33.646 |
34.270 |
35.565 |
37.296 |
39.471 |
41.621 |
43.685 |
|
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
0.20 |
0.14 |
0.09 |
0.04 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
TOL/TNW (Times) |
0.44 |
0.38 |
0.32 |
0.27 |
0.23 |
0.19 |
0.18 |
|
|
|
|
|
|
|
|
|
|
Adjusted TNW |
336.46 |
342.70 |
355.65 |
372.96 |
394.71 |
416.21 |
436.85 |
|
|
|
|
|
|
|
|
|
|
Adjusted TOL/TNW |
0.44 |
0.38 |
0.32 |
0.27 |
0.23 |
0.19 |
0.18 |
|
|
|
|
|
|
|
|
|
|
NWC |
15.668 |
15.478 |
15.959 |
16.876 |
18.687 |
21.823 |
24.873 |
|
|
|
|
|
|
|
|
|
|
Current Ratio |
2.97 |
2.947 |
2.92 |
2.90 |
3.06 |
3.81 |
4.19 |
|
|
|
|
|
|
|
|
|
|
ROCE |
1.38% |
1.59% |
3.35% |
4.48% |
5.51% |
5.17% |
4.73% |
|
|
|
|
|
|
|
|
|
|
Interest Service Coverage Ratio |
2.23 |
2.02 |
2.68 |
3.39 |
4.48 |
5.58 |
6.08 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
Share Capital |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
|
Reserve and Surplus |
27.846 |
28.470 |
29.765 |
31.496 |
33.671 |
35.821 |
37.885 |
|
SUB TOTAL |
30.246 |
30.870 |
32.165 |
33.896 |
36.071 |
38.221 |
40.285 |
|
|
|
|
|
|
|
|
|
|
Secured Loans |
|
|
|
|
|
|
|
|
Term Loan |
8.550 |
6.750 |
4.950 |
3.150 |
1.350 |
0.000 |
0.000 |
|
Car Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Working Capital |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
SUB TOTAL |
13.550 |
11.750 |
9.950 |
8.150 |
6.350 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
Unsecured Loans |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
|
|
|
|
|
|
|
|
|
|
Current
Liabilities |
|
|
|
|
|
|
|
|
Sundry Creditors For Purchases |
0.989 |
0.991 |
1.148 |
1.306 |
1.464 |
1.425 |
1.425 |
|
Other Current Liabilities |
0.150 |
0.200 |
0.250 |
0.300 |
0.400 |
0.400 |
0.400 |
|
Advances Against Supplies |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provisions |
0.000 |
0.000 |
0.134 |
0.495 |
0.838 |
0.933 |
0.982 |
|
SUB TOTAL |
1.139 |
1.191 |
1.532 |
2.101 |
2.702 |
2.758 |
2.807 |
|
|
|
|
|
|
|
|
|
|
GRAND TOTAL |
48.335 |
47.211 |
47.047 |
47.547 |
48.523 |
49.379 |
54.492 |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
|
Gross Block |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
|
Depreciation |
1.139 |
2.125 |
3.111 |
4.097 |
5.083 |
6.069 |
7.055 |
|
Net Block |
24.700 |
23.714 |
22.728 |
21.742 |
20.756 |
19.770 |
18.784 |
|
CWIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raw Materials |
3.516 |
4.242 |
4.923 |
5.604 |
6.285 |
6.296 |
6.296 |
|
WIP |
0.916 |
1.068 |
1.238 |
1.408 |
1.578 |
1.574 |
1.574 |
|
Finished Goods |
0.879 |
1.060 |
1.231 |
1.401 |
1.571 |
1.576 |
1.574 |
|
Sundry Debtors |
6.250 |
7.500 |
8.750 |
10.000 |
11.250 |
11.250 |
11.250 |
|
Cash and Bank Balance |
2.046 |
2.099 |
0.528 |
1.918 |
1.301 |
3.045 |
6.102 |
|
Advance Tax |
0.000 |
0.000 |
0.121 |
0.446 |
0.754 |
0.840 |
0.884 |
|
Security Deposits |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
|
Other Current Assets |
10.000 |
7.500 |
7.500 |
5.000 |
5.000 |
5.000 |
5.000 |
|
SUB TOTAL |
23.635 |
23.497 |
24.319 |
25.805 |
27.767 |
29.609 |
32.708 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
GRAND TOTAL |
48.335 |
47.211 |
47.047 |
47.547 |
48.523 |
49.379 |
54.492 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
Provisional |
Estimated |
Projected |
Projected |
Projected |
Projected |
Projected |
|
Gross Sales |
|
|
|
|
|
|
|
|
Domestic |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
|
|
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Net Sales |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
|
|
|
|
|
|
|
|
|
% age rise (+) or Fall (-) in Net Sales as compared to previous
year |
2994.06 |
20.00 |
16.67 |
14.29 |
12.50 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
COST
OF SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Material (Including Stored and Other items used in the process of Manufacture) |
20.364 |
23.053 |
26.859 |
30.658 |
34.458 |
34.201 |
34.198 |
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
20.364 |
23.053 |
26.859 |
30.658 |
34.458 |
34.201 |
34.198 |
|
|
|
|
|
|
|
|
|
|
Others (Consumable) |
1.340 |
1.517 |
1.767 |
2.017 |
2.267 |
2.250 |
2.250 |
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
1.340 |
1.517 |
1.767 |
2.017 |
2.267 |
2.250 |
2.250 |
|
|
|
|
|
|
|
|
|
|
Power and Fuel |
0.603 |
0.682 |
0.795 |
0.908 |
1.020 |
1.013 |
1.012 |
|
|
|
|
|
|
|
|
|
|
Direct Labour (Factory Wages and Salary) |
0.536 |
0.607 |
0.707 |
0.807 |
0.907 |
0.900 |
0.900 |
|
|
|
|
|
|
|
|
|
|
Other Manufacturing Expenses |
0.402 |
0.455 |
0.530 |
0.605 |
0.680 |
0.675 |
0.675 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
|
|
|
|
|
|
|
|
|
|
Sub Total |
24.231 |
27.300 |
31.644 |
35.981 |
40.318 |
40.024 |
40.022 |
|
|
|
|
|
|
|
|
|
|
0.000 |
0.916 |
1.068 |
1.238 |
1.408 |
1.578 |
1.574 |
|
|
|
|
|
|
|
|
|
|
|
Sub
Total |
24.231 |
28.216 |
32.712 |
37.219 |
41.726 |
41.602 |
41.596 |
|
|
|
|
|
|
|
|
|
|
Deduct : Closing Stock in Process |
0.916 |
1.068 |
1.238 |
1.408 |
1.578 |
1.574 |
1.574 |
|
|
|
|
|
|
|
|
|
|
Cost
of Production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add : Opening Stock of Finished Goods |
0.000 |
0.879 |
1.060 |
1.231 |
1.401 |
1.571 |
1.576 |
|
|
|
|
|
|
|
|
|
|
Sub
Total |
23.315 |
28.027 |
32.534 |
37.042 |
41.549 |
41.599 |
41.598 |
|
|
|
|
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
0.879 |
1.060 |
1.231 |
1.401 |
1.571 |
1.576 |
1.574 |
|
|
|
|
|
|
|
|
|
|
Sub Total (Total
Cost of Sales) |
22.436 |
26.967 |
31.303 |
35.641 |
39.978 |
40.023 |
40.024 |
|
|
|
|
|
|
|
|
|
|
Selling, General and Administrative
Expenses |
0.750 |
0.825 |
0.908 |
0.999 |
1.099 |
1.209 |
1.330 |
|
|
|
|
|
|
|
|
|
|
Sub total |
23.186 |
27.792 |
32.211 |
36.640 |
41.077 |
41.232 |
41.354 |
|
|
|
|
|
|
|
|
|
|
Operating Profit before Interests
|
1.814 |
2.208 |
2.789 |
3.360 |
3.923 |
3.768 |
3.646 |
|
|
|
|
|
|
|
|
|
|
Interest |
1.256 |
1.584 |
1.359 |
1.134 |
0.909 |
0.684 |
0.600 |
|
|
|
|
|
|
|
|
|
|
Operating Profit After Interests
|
0.558 |
0.624 |
1.429 |
2.226 |
3.013 |
3.083 |
3.046 |
|
|
|
|
|
|
|
|
|
|
Add Other Non-Operating Income |
|
|
|
|
|
|
|
|
(a) Profit on sale of fixed assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Interest on FDR |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Income Tax Refund |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deduct Other Non –Operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(a) P&P Expenses including all book entries written off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Loss on Sale of F.A. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Net of Other Non-Operating Income/Expense |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Profit before
Taxes |
0.558 |
0.624 |
1.429 |
2.226 |
3.013 |
3.083 |
3.046 |
|
|
|
|
|
|
|
|
|
|
Less: Tax Provision |
0.000 |
0.000 |
0.134 |
0.495 |
0.838 |
0.933 |
0.982 |
|
|
|
|
|
|
|
|
|
|
Net Profit After
Tax |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
2.064 |
|
|
|
|
|
|
|
|
|
|
Retained Profit |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
2.064 |
|
|
|
|
|
|
|
|
|
|
Retained Profit/
Net profit (% age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
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 |
31.03.2019 |
31.03.2020 |
|
|
Provisional |
Estimated |
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
|
Particulars |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
5.000 |
5.000 |
5.000 |
|
From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Of which BP and BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Sub
Total (A) |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
Short Term Borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors [Trade] |
0.989 |
0.991 |
1.148 |
1.306 |
1.464 |
1.425 |
1.425 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision of taxes |
0.000 |
0.000 |
0.134 |
0.495 |
0.838 |
0.933 |
0.982 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
1.800 |
1.800 |
1.800 |
1.800 |
1.350 |
0.000 |
0.000 |
|
Other current liabilities and provision (Due within one year) |
0.150 |
0.200 |
0.250 |
0.300 |
0.400 |
0.400 |
0.400 |
|
|
|
|
|
|
|
|
|
|
Sub
– Total (B) |
2.939 |
2.991 |
3.332 |
3.901 |
4.052 |
2.758 |
2.807 |
|
|
|
|
|
|
|
|
|
|
Total
Current Liabilities |
7.939 |
7.991 |
8.332 |
8.901 |
9.052 |
7.758 |
7.807 |
|
|
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Preferences Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Prop. Term Loan excluding installments < 1 year |
0.670 |
4.950 |
3.150 |
1.350 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Term Loans (Excluding Installment) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Term deposit (repayable one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total
Term Liabilities |
0.670 |
4.950 |
3.150 |
1.350 |
0.000 |
0.000 |
0.000 |
|
Total
of Outside Liabilities |
14.689 |
12.941 |
11.482 |
10.251 |
9.052 |
7.758 |
7.807 |
|
|
|
|
|
|
|
|
|
|
Net
Worth |
|
|
|
|
|
|
|
|
Share Capital Account |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
2.400 |
|
General Reserve |
27.846 |
28.470 |
29.765 |
31.496 |
33.671 |
35.821 |
37.885 |
|
Shares Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Differed Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others (Specify) Family Deposits |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
3.400 |
|
|
|
|
|
|
|
|
|
|
Net Worth |
33.646 |
34.270 |
35.565 |
37.296 |
39.471 |
41.621 |
43.685 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
48.335 |
47.211 |
47.047 |
47.547 |
48.523 |
49.379 |
51.492 |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
2.046 |
2.099 |
0.528 |
1.918 |
1.301 |
3.045 |
6.102 |
|
|
|
|
|
|
|
|
|
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Receivable Other than Exports |
6.250 |
7.500 |
8.750 |
10.000 |
11.250 |
11.250 |
11.250 |
|
|
|
|
|
|
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
INVENTORY: |
|
|
|
|
|
|
|
|
Raw materials (including
stores and other item used in the process of manufacturing) |
|
|
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
3.516 |
4.242 |
4.923 |
5.604 |
6.285 |
6.296 |
6.296 |
|
|
|
|
|
|
|
|
|
|
Stock – in – process |
0.916 |
1.068 |
1.238 |
1.408 |
1.578 |
1.574 |
1.574 |
|
Finished Goods |
0.879 |
1.060 |
1.231 |
1.401 |
1.571 |
1.576 |
1.574 |
|
|
|
|
|
|
|
|
|
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Imported Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances Payments Taxes |
0.000 |
0.000 |
0.121 |
0.446 |
0.754 |
0.840 |
0.884 |
|
Other current assets (specify major items ) |
10.000 |
7.500 |
7.500 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
23.607 |
23.469 |
24.291 |
25.777 |
27.739 |
29.581 |
32.680 |
|
|
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
Gross Block |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
25.839 |
|
Depreciation to date |
1.139 |
2.125 |
3.111 |
4.097 |
5.083 |
6.069 |
7.055 |
|
|
|
|
|
|
|
|
|
|
NET
BLOCK |
24.700 |
23.714 |
22.728 |
21.742 |
20.756 |
19.770 |
18.784 |
|
|
|
|
|
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investment in subsidiary company |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Others
Debtors (6 month) |
|
|
|
|
|
|
|
|
Security Deposits |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
48.335 |
47.211 |
47.047 |
47.547 |
48.523 |
49.379 |
51.492 |
|
|
|
|
|
|
|
|
|
|
Tangible Net Worth |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Net Working Capital |
15.668 |
15.478 |
15.959 |
16.876 |
18.687 |
21.823 |
24.873 |
|
|
|
|
|
|
|
|
|
|
Current Ratio |
2.97 |
2.94 |
2.92 |
2.90 |
3.06 |
3.81 |
4.19 |
|
|
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
33.646 |
34.270 |
35.565 |
37.296 |
39.471 |
41.621 |
43.685 |
|
|
|
|
|
|
|
|
|
|
Quasi TOL/TNW |
0.44 |
0.38 |
0.32 |
0.27 |
0.23 |
0.19 |
0.18 |
------------------------------------------------------------------------------------------------------------------------------
(RS IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
|
|
|
|
|
|
|
Total Sales |
25.000 |
30.000 |
35.000 |
40.000 |
45.000 |
45.000 |
45.000 |
|
|
|
|
|
|
|
|
|
|
Total Expenses |
|
|
|
|
|
|
|
|
Material Cost |
18.569 |
22.720 |
26.518 |
30.318 |
34.118 |
34.200 |
34.200 |
|
Utilities |
0.603 |
0.682 |
0.795 |
0.908 |
1.020 |
1.013 |
1.012 |
|
Labour Cost |
0.536 |
0.607 |
0.707 |
0.807 |
0.907 |
0.900 |
0.900 |
|
Other Mfg. Expenses |
0.402 |
0.455 |
0.530 |
0.605 |
0.680 |
0.675 |
0.675 |
|
Sales Overhead |
0.750 |
0.825 |
0.908 |
0.999 |
1.099 |
1.209 |
1.330 |
|
Interest on Term Loans |
0.656 |
0.984 |
0.759 |
0.534 |
0.309 |
0.084 |
0.000 |
|
Interest on Unsecured Loans and Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest on Workings Capital |
0.600 |
0.600 |
0.600 |
0.600 |
0.600 |
0.600 |
0.600 |
|
Depreciation |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
23.102 |
27.859 |
31.803 |
35.757 |
39.719 |
39.667 |
39.703 |
|
Variable Expenses |
Variable % |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
|
|
|
|
|
|
|
|
Material Cost |
100% |
18.569 |
22.720 |
26.518 |
30.318 |
34.118 |
34.200 |
34.200 |
|
Utilities |
100% |
0.603 |
0.682 |
0.795 |
0.908 |
1.020 |
1.013 |
1.012 |
|
Labour Cost |
90% |
0.482 |
0.546 |
0.636 |
0.726 |
0.816 |
0.810 |
0.810 |
|
Other Mfg. Expenses |
90% |
0.362 |
0.409 |
0.477 |
0.545 |
0.612 |
0.608 |
0.607 |
|
Sales Overhead |
90% |
0.675 |
0.743 |
0.817 |
0.899 |
0.989 |
1.088 |
1.197 |
|
Interest on Term Loans |
0% |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest on Unsecured Loans and Others |
0% |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest on Workings Capital |
90% |
0.540 |
0.540 |
0.540 |
0.540 |
0.540 |
0.540 |
0.540 |
|
Depreciation |
50% |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
21.724 |
26.133 |
30.276 |
34.429 |
38.588 |
38.752 |
38.859 |
|
|
|
|
|
|
|
|
|
|
|
|
5% of Variable
Cost |
10.86 |
13.07 |
15.14 |
17.21 |
19.29 |
19.38 |
19.43 |
|
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Fixed Expenses |
|
|
|
|
|
|
|
|
Material Cost |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Utilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Labour Cost |
0.054 |
0.061 |
0.071 |
0.081 |
0.091 |
0.090 |
0.090 |
|
Other Mfg. Expenses |
0.040 |
0.046 |
0.053 |
0.060 |
0.068 |
0.067 |
0.068 |
|
Sales Overhead |
0.075 |
0.082 |
0.091 |
0.100 |
0.110 |
0.121 |
0.133 |
|
Interest on Term Loans |
0.656 |
0.984 |
0.759 |
0.534 |
0.309 |
0.084 |
0.000 |
|
Interest on Unsecured Loans and Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interest on Workings Capital |
0.060 |
0.060 |
0.060 |
0.060 |
0.060 |
0.060 |
0.060 |
|
Depreciation |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
0.493 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
1.378 |
1.726 |
1.527 |
1.328 |
1.131 |
0.915 |
0.844 |
|
|
|
|
|
|
|
|
|
|
Contribution |
32.76 |
38.67 |
47.24 |
55.71 |
64.12 |
62.48 |
61.41 |
|
|
|
|
|
|
|
|
|
|
Breakeven Point |
42.07% |
44.65% |
32.34% |
23.84% |
17.65% |
14.64% |
13.76% |
|
|
|
|
|
|
|
|
|
|
Cash Breakeven Point |
27.02% |
31.90% |
21.90% |
14.99% |
9.96% |
6.75% |
5.73% |
|
|
|
|
|
|
|
|
|
|
Breakeven Sales |
10.517 |
13.395 |
11.318 |
9.537 |
7.943 |
6.588 |
6.191 |
------------------------------------------------------------------------------------------------------------------------------
DEBT
SERVICE COVERAGE RATIO
(RS IN MILLIONS)
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
Total |
|
|
|
|
|
|
|
|
|
|
Net Profit After Tax |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
8.533 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
5.916 |
|
|
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.656 |
0.984 |
0.759 |
0.534 |
0.309 |
0.084 |
3.328 |
|
|
|
|
|
|
|
|
|
|
|
2.200 |
2.594 |
3.040 |
3.251 |
3.470 |
3.220 |
17.777 |
|
|
|
|
|
|
|
|
|
|
Repayment of Term Loan |
0.450 |
1.800 |
1.800 |
1.800 |
1.800 |
1.350 |
9.000 |
|
|
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.656 |
0.984 |
0.759 |
0.534 |
0.309 |
0.084 |
3.328 |
|
|
|
|
|
|
|
|
|
|
|
1.106 |
2.784 |
2.559 |
2.334 |
2.109 |
1.434 |
12.328 |
|
|
|
|
|
|
|
|
|
|
Debt Service Coverage Ratio |
1.99 |
0.93 |
1.19 |
1.39 |
1.65 |
2.25 |
1.44 |
------------------------------------------------------------------------------------------------------------------------------
ABF
ASSESSMENT
(RS IN MILLIONS)
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
|
|
|
|
|
|
|
Total CA |
23.607 |
23.469 |
24.291 |
25.777 |
27.739 |
29.581 |
32.680 |
|
Other CL (Except Bank Borrowing) |
2.939 |
2.991 |
3.332 |
3.901 |
4.052 |
2.758 |
2.807 |
|
Working Capital Gap |
20.668 |
20.478 |
20.959 |
21.876 |
23.687 |
26.823 |
29.873 |
|
Net Working Capital (Act./Proj) |
15.668 |
15.478 |
15.959 |
16.876 |
18.687 |
21.823 |
24.873 |
|
Assessed Bank Finance |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
NWC to TCA (%) |
66.37 |
65.95 |
65.70 |
65.47 |
67.37 |
73.77 |
76.11 |
|
Bank Finance to TCA (%) |
21.18 |
21.30 |
20.58 |
19.40 |
18.03 |
16.90 |
15.30 |
|
S. Cr. To TCA (%) |
4.19 |
4.22 |
4.73 |
5.07 |
5.28 |
4.82 |
4.36 |
|
Other CL to TCA (%) |
8.26 |
8.52 |
8.99 |
10.07 |
9.33 |
4.51 |
4.23 |
|
Inv. To Net Sales (Days) |
77.54 |
77.50 |
77.09 |
76.77 |
76.52 |
76.62 |
76.60 |
|
Rec. to Gross Sales (Days) |
91.25 |
91.25 |
91.25 |
91.25 |
91.25 |
91.25 |
91.25 |
|
S. Cr. To Purchases (Days) |
19.73 |
15.69 |
15.69 |
15.60 |
15.55 |
15.51 |
15.21 |
|
|
|
|
|
|
|
|
|
|
NWC to TCA (%) |
66.37 |
65.95 |
65.70 |
65.47 |
67.37 |
73.77 |
76.11 |
|
|
|
|
|
|
|
|
|
|
Bank Finance to TCA (%) |
21.18 |
21.30 |
20.58 |
19.40 |
18.03 |
16.90 |
15.30 |
|
|
|
|
|
|
|
|
|
|
Other CL to TCA (%) |
12.45 |
12.74 |
13.72 |
15.13 |
14.61 |
9.32 |
8.59 |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS IN MILLIONS)
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
|
|
|
|
|
|
|
SOURCES OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit (after deferred tax) |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
2.064 |
|
Depreciation |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
0.986 |
|
Increase in share capital/appln./premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in term liabilities (including public deposits) |
6.743 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in |
|
|
|
|
|
|
|
|
Fixed assets and capital WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Inc./(dec.) in deferred tax liability /
(asset) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other |
0.838 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
9.125 |
1.610 |
2.281 |
2.717 |
3.161 |
3.136 |
3.050 |
|
|
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in term liabilities (including public deposits) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in |
|
|
|
|
|
|
|
|
Fixed assets and capital WIP |
12.088 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dividend payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Inc./(Dec.) in deferred tax
assets/(liability) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
TOTAL |
12.088 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Long term surplus (+) / Deficit (-) |
(2.963) |
(0.190) |
0.481 |
0.917 |
1.811 |
3.136 |
3.050 |
|
Increase/decrease in current assets * (as per details given below) |
1.123 |
(0.138) |
0.822 |
1.486 |
1.962 |
1.842 |
3.099 |
|
Increase/decrease in current liabilities
other than bank borrowings |
(0.914) |
0.052 |
0.341 |
0.569 |
0.151 |
(1.294) |
0.049 |
|
Increase/decrease in working capital gap |
2.037 |
(0.190) |
0.481 |
0.917 |
1.811 |
3.136 |
3.050 |
|
Net surplus/ deficit |
(5.000) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase/decrease in bank borrowings |
5.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Long Term Sources |
9.125 |
1.610 |
2.281 |
2.717 |
3.161 |
3.136 |
3.050 |
|
Long Term Uses |
12.088 |
1.800 |
1.800 |
1.800 |
1.350 |
0.000 |
0.000 |
|
Surplus/Deficit |
(2.963) |
(0.190) |
0.481 |
0.917 |
1.811 |
3.136 |
3.050 |
------------------------------------------------------------------------------------------------------------------------------
MOVEMENT OF TNW
(RS IN MILLIONS)
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
|
|
|
|
|
|
|
Opening Balance |
32.250 |
33.646 |
34.270 |
35.565 |
37.296 |
39.471 |
41.621 |
|
Add: |
|
|
|
|
|
|
|
|
Profit/Loss After Tax |
0.558 |
0.624 |
1.295 |
1.731 |
2.175 |
2.150 |
2.064 |
|
Increase in Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dec./(-) Inc. in Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dec./(-) Inc. in Reserves |
0.838 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less |
|
|
|
|
|
|
|
|
Div Paid (Inc. Div. Tax) / Withdrawals |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
TNW |
33.646 |
34.270 |
35.565 |
37.296 |
39.471 |
41.621 |
43.685 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS. SHOBHA GUPTA
(RS. IN MILLIONS)
|
Particular |
Amount |
|
|
|
|
ASSETS |
|
|
Fair market value of 80000 equity shares of
Rs.10/- each in Krishna Foundry Works Private Limited |
9.895 |
|
|
|
|
Paid up value of Life Insurance Policy
issued by Life Insurance Corporation of India |
0.063 |
|
|
|
|
Market value of 250 GMS of Gold Jewellery |
0.625 |
|
|
|
|
Bank balance in saving bank account with
IDBI |
0.015 |
|
|
|
|
Balance in PPF Account with SBI |
0.183 |
|
|
|
|
TOTAL |
10.781 |
|
|
|
|
LIABILITIES |
0.000 |
|
|
|
|
NET ASSETS |
10.781 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. ASSEEM GUPTA
(RS. IN MILLIONS)
|
Particular |
Amount |
|
|
|
|
ASSETS |
|
|
Fair market value of 80000 equity shares of
Rs.10/- each in Krishna Foundry Works Private Limited |
9.895 |
|
|
|
|
Paid up value of Life Insurance Policy
issued by Life Insurance Corporation of India |
0.070 |
|
|
|
|
Tax Saving FDR |
0.100 |
|
|
|
|
Bank balance in saving bank account with
IDBI |
0.612 |
|
|
|
|
TOTAL |
10.677 |
|
|
|
|
LIABILITIES |
0.000 |
|
|
|
|
NET ASSETS |
10.677 |
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 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.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
20 |
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.