MIRA INFORM REPORT
|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BANSAL TRADERS |
|
|
|
|
Registered
Office : |
NA Sarai Mishra, G T Road, Etah
– 207001, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.06.2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.971 Million |
|
|
|
|
TIN No.: |
09425800374 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACCPB4739K |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trading of Food Grains (Mainly high quality Rice, Wheat,
Pulse and Oil Seeds) |
|
|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory
track record. The concern has shown huge growth in the turnover during financial
year 2013. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and
Rs.1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. Rajeev Bansal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9219595710 |
|
Date : |
01.04.2014 |
LOCATIONS
|
Registered Office : |
NA Sarai Mishra, G T Road, Etah
– 207001, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9219595710 (Mr.
Rajeev Bansal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. Rajeev Bansal |
|
Designation : |
Proprietor |
|
Address : |
Etah, Uttar Pradesh, India |
BUSINESS DETAILS
|
Line of Business : |
Trading of Food Grains (Mainly high quality Rice, Wheat, Pulse
and Oil Seeds) |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
|||||||||||||||
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|
|||||||||||||||
|
No. of Employees : |
8 (Approximately) |
|||||||||||||||
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|
|
|||||||||||||||
|
Bankers : |
· Bank of India Etah, Uttar Pradesh, India Contact No.: 91-8392957527 (Mr. S. F. Hussain) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.K.A. and Company Chartered Accountants |
|
Address : |
First Floor, Opposite City Kotwali, G. T. Road, Etah – 207001, Uttar Pradesh, India |
|
Tel No.: |
91-5742-233706 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Associates/Subsidiaries : |
· Radha Krishna Modern Rice Mill Address: Ganjdundwara Road Etah, Uttar Pradesh, India Activity: Dealer and Trader of Rice and other Food Grain items TIN No.: 91-9625801537 |
CAPITAL STRUCTURE
(PROPRIETORS CAPITAL
ACCOUNT AS ON 31.03.2013)
|
Particulars |
RS. IN MILLIONS |
|
|
Capital A/c Rajeev Bansal |
|
|
|
Opening Balance |
0.588 |
|
|
Add: Net Profit |
0.437 |
|
|
|
|
1.025 |
|
Less: - TDS |
|
0.002 |
|
- Drawings |
|
0.052 |
|
|
|
|
|
Total |
|
0.971 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.971 |
0.588 |
0.474 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.971 |
0.588 |
0.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.293 |
0.459 |
0.577 |
|
|
2] Unsecured Loans |
3.269 |
2.269 |
0.269 |
|
|
TOTAL BORROWING |
3.562 |
2.728 |
0.846 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.533 |
3.316 |
1.320 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.617 |
0.726 |
0.855 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.544
|
1.130 |
1.349 |
|
|
Sundry Debtors |
4.030
|
5.543 |
2.433 |
|
|
Cash & Bank Balances |
0.492
|
1.845 |
1.685 |
|
|
Other Current Assets |
0.235
|
0.110 |
0.010 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
15.301
|
8.628 |
5.477 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
11.385
|
6.038 |
5.012 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
11.385
|
6.038 |
5.012 |
|
|
Net Current Assets |
3.916
|
2.590 |
0.465 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.533 |
3.316 |
1.320 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
328.680 |
84.584 |
71.884 |
|
|
|
Other Income |
0.821 |
0.024 |
0.000 |
|
|
|
TOTAL |
329.501 |
84.608 |
71.884 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
310.121 |
81.110 |
66.424 |
|
|
|
Mandi Tax |
2.239 |
0.000 |
0.000 |
|
|
|
Freight Paid |
8.094 |
0.636 |
1.081 |
|
|
|
Labour Charges |
3.835 |
0.607 |
0.845 |
|
|
|
Loading and Unloading Charges |
1.600 |
0.486 |
0.423 |
|
|
|
Accounting Charges |
0.048 |
0.048 |
0.048 |
|
|
|
Audit Fees |
0.010 |
0.010 |
0.010 |
|
|
|
Electricity Expenses |
0.044 |
0.043 |
0.032 |
|
|
|
Godown Rent |
0.120 |
0.120 |
0.120 |
|
|
|
Insurance Car |
0.017 |
0.024 |
0.025 |
|
|
|
Interests paid to unsecured loans |
0.514 |
0.000 |
0.000 |
|
|
|
Printing and Stationery Expenses |
0.025 |
0.021 |
0.021 |
|
|
|
Running Maintenance Car |
0.326 |
0.252 |
0.143 |
|
|
|
Salary |
1.020 |
0.528 |
0.450 |
|
|
|
Shop Rent |
0.024 |
0.024 |
0.024 |
|
|
|
Shortage and Quality Claim Expenses |
0.645 |
0.000 |
0.000 |
|
|
|
Travelling Expenses |
0.204 |
0.124 |
0.106 |
|
|
|
Other Expenses |
0.068 |
0.248 |
1.725 |
|
|
|
TOTAL |
328.954 |
84.281 |
71.477 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.547 |
0.327 |
0.407 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.109 |
0.128 |
0.151 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.438 |
0.199 |
0.256 |
|
The above information has been parted by Mr. Rajeev Bansal.
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.13
|
0.24 |
0.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.13
|
0.24 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.75
|
2.13 |
4.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.34 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.67
|
4.64 |
1.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.43 |
1.09 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.474 |
0.588 |
0.971 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.474 |
0.588 |
0.971 |
|
|
|
|
|
|
long-term borrowings |
0.577 |
0.459 |
0.293 |
|
Short term borrowings |
0.269 |
2.269 |
3.269 |
|
Total borrowings |
0.846 |
2.728 |
3.562 |
|
Debt/Equity ratio |
1.785 |
4.639 |
3.668 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
71.884 |
84.584 |
328.680 |
|
|
|
17.667 |
288.584 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
71.884 |
84.584 |
328.680 |
|
Profit |
0.256 |
0.199 |
0.438 |
|
|
0.36% |
0.24% |
0.13% |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
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 |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS. IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Ruby Bansal |
0.182 |
0.182 |
|
Basant Devi Agrawal |
0.041 |
0.041 |
|
Sapna Bansal |
0.022 |
0.022 |
|
Rajendra Prasad and Sons |
3.000 |
2.000 |
|
Shri Krishna Traders |
0.020 |
0.020 |
|
Shri Radha Krishna Traders |
0.004 |
0.004 |
|
|
|
|
|
Total |
3.269 |
2.269 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2016 (Projected) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.505 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.505 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
20.175 |
|
|
2] Unsecured Loans |
|
|
6.055 |
|
|
TOTAL BORROWING |
|
|
26.230 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
28.735 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.379 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
15.692 |
|
|
Sundry Debtors |
|
|
10.709 |
|
|
Cash & Bank Balances |
|
|
1.401 |
|
|
Other Current Assets |
|
|
0.554 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
28.356 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
28.356 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
28.735 |
|
PROJECTED PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2016 (Projected) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
361.200 |
|
|
|
Other Income |
|
|
1.026 |
|
|
|
TOTAL |
|
|
362.226 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
346.659 |
|
|
|
Bardana Expenses |
|
|
2.896 |
|
|
|
Freight Paid |
|
|
4.062 |
|
|
|
Labour Charges |
|
|
1.435 |
|
|
|
Loading and Unloading Charges |
|
|
1.080 |
|
|
|
Sutali |
|
|
1.115 |
|
|
|
Accounting Charges |
|
|
0.060 |
|
|
|
Audit Fees |
|
|
0.010 |
|
|
|
Electricity Expenses |
|
|
0.052 |
|
|
|
Godown Rent |
|
|
0.120 |
|
|
|
Insurance Car |
|
|
0.035 |
|
|
|
Interests paid to unsecured loans |
|
|
0.524 |
|
|
|
Printing and Stationery Expenses |
|
|
0.033 |
|
|
|
Running Maintenance Car |
|
|
0.255 |
|
|
|
Salary |
|
|
1.020 |
|
|
|
Shop Rent |
|
|
0.024 |
|
|
|
Shortage and Quality Claim Expenses |
|
|
0.000 |
|
|
|
Travelling Expenses |
|
|
0.171 |
|
|
|
Other Expenses |
|
|
1.981 |
|
|
|
TOTAL |
|
|
361.532 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.694 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.067 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.627 |
|
------------------------------------------------------------------------------------------------------------------------------
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2013.2014 |
2014.2015 |
2015.2016 |
|
(Estimated) |
(Projected) |
||
|
GROSS SALES |
|
|
|
|
a) Domestic Sales |
336.000 |
349.350 |
361.200 |
|
b) Export Sales |
0.000 |
0.000 |
0.000 |
|
c) Add other revenue Income |
0.851 |
0.960 |
1.026 |
|
Total |
336.851 |
350.310 |
362.226 |
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deduct Other Items |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
NET
SALES |
336.851 |
350.310 |
362.226 |
|
|
|
|
|
|
% age rise (+) or fall (-) in Net Sales |
2.23 |
4.00 |
3.40 |
|
|
|
|
|
|
COST OF SALES |
|
|
|
|
Raw Materials |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Indigenous |
325.900 |
336.700 |
347.895 |
|
|
|
|
|
|
Other Consumables |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Packing Materials |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Power and Fuel |
0.046 |
0.050 |
0.052 |
|
Direct Labour |
1.235 |
1.315 |
1.435 |
|
Other Mfg Expenses |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.092 |
0.079 |
0.066 |
|
Sub-total |
327.273 |
338.144 |
349.448 |
|
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub-total |
327.273 |
338.144 |
349.448 |
|
Less: Closing Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost of Production |
327.273 |
338.144 |
349.448 |
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
10.544 |
13.409 |
14.456 |
|
|
|
|
|
|
Sub
Total |
337.817 |
351.553 |
363.904 |
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
13.409 |
14.456 |
15.692 |
|
|
|
|
|
|
Sub-total [Total cost of sales] |
324.408 |
337.097 |
348.212 |
|
|
|
|
|
|
Selling, General & Administrative Expenses (including bonus
payments) |
10.034 |
10.621 |
11.252 |
|
Sub Total |
334.442 |
347.718 |
359.464 |
|
|
|
|
|
|
Operating Profit before interest |
2.409 |
2.592 |
2.762 |
|
|
|
|
|
|
Interest Exps.- Interest |
1.870 |
2.036 |
2.135 |
|
|
|
|
|
|
Operating profit after interest |
0.539 |
0.556 |
0.627 |
|
|
|
|
|
|
(i) Add other
non-operating income |
|
|
|
|
(a) Misc. income |
0.000 |
0.000 |
0.000 |
|
Sub-total
(income) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(ii) Deduct
other non-operating expense |
|
|
|
|
(a) Directors Remuneration |
0.000 |
0.000 |
0.000 |
|
(b) Interest on Partners' capital |
0.000 |
0.000 |
0.000 |
|
Sub-total
(expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(iii) Net of
other non-operating incomes/ expenses (net) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before tax/loss |
0.539 |
0.556 |
0.627 |
|
|
|
|
|
|
Provision for tax |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net profit / (loss) |
0.539 |
0.556 |
0.627 |
|
|
|
|
|
|
(i) Equity dividend paid/ Drawings |
0.000 |
0.000 |
0.000 |
|
(ii) Dividend Rate |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained Profit |
0.539 |
0.556 |
0.627 |
|
|
|
|
|
|
Retained profit / Net Profit (%age) |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
2013.2014 |
2014.2015 |
2015.2016 |
|
|
(Estimated) |
(Projected) |
|
|
CURRENT LIABILITIES |
|
|
|
|
Short
term borrowings from bank (incl. Bills purchased, discounted & excess
borrowings placed on repayment basis) |
|
|
|
|
(i) From applicant bank |
20.000 |
20.000 |
20.000 |
|
(ii)
From other banks |
0.000 |
0.000 |
0.000 |
|
(iii)
of which EP & BD |
0.000 |
0.000 |
0.000 |
|
Sub Total (A) |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Short
term borrowings from others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sundry
Creditors - Trade |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advance
payments from customers/deposits from dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Provision
for Taxation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Dividend
Payable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other
statutory liabilities (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deposits/Instalments
of term loan/ DPGs/ Debentures etc. (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other
current liabilities & Provisions (due
within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (B) |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Total Current Liabilities |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
Debentures
(not maturing within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Preference
Shares (redeemable after one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Term
loans (excluding instalments payable within one year) |
0.245 |
0.212 |
0.175 |
|
|
|
|
|
|
Differed
Payment Credits (excl. instalments due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Term
deposits (repayable after one year) |
0.000 |
0.000 |
0.000 |
|
Long
term Advances (repayable after one year) |
5.504 |
5.765 |
6.054 |
|
|
|
|
|
|
Other
term liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
||
|
TOTAL TERM LIABILITIES |
5.749 |
5.977 |
6.229 |
|
|
|
|
|
|
TOTAL OUTSIDE LIABILITIES |
25.749 |
25.977 |
26.229 |
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
Capital |
1.450 |
1.945 |
2.505 |
|
|
|
|
|
|
General
Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Capital
Addition |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other
reserves (excluding provisions) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Surplus
(+) or deficit (-) in Profit & Loss Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
NET WORTH |
1.450 |
1.945 |
2.505 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
27.199 |
27.922 |
28.734 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
||
|
Cash
& Bank balances |
2.127 |
1.577 |
1.401 |
|
|
|
|
|
|
Fixed
Deposits |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Receivables(Domestic) |
10.642 |
10.943 |
10.709 |
|
|
|
|
|
|
Inventories |
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(ii)
Stock-in-process |
0.000 |
0.000 |
0.000 |
|
(iii)
Finished Goods |
13.409 |
14.456 |
15.692 |
|
(iv)
Other consumable stores |
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
|
(b)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advance
to suppliers of Raw materials & stores/spares |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advance
payment of taxes |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other
current assets |
0.496 |
0.151 |
0.153 |
|
|
|
|
|
|
Total Current Asset |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Gross
Block (land & building machinery vehicles work-in-progress) |
0.617 |
0.524 |
0.445 |
|
|
|
|
|
|
Depreciation
to date |
0.092 |
0.079 |
0.066 |
|
|
|
|
|
|
NET BLOCK |
0.525 |
0.445 |
0.379 |
|
|
|
|
|
|
Investments/book
debts /advances deposits which are not current assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
i.(a)Investments
in subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
|
(b)Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii.
Advances to suppliers of capital goods & contractors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
iii.
Deferred receivables (maturity exceeding one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
iv.
Others |
0.000 |
0.350 |
0.400 |
|
|
|
|
|
|
Non
consumables stores & spare |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other
non-current assets (incl. Dues from director) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL OTHER NON-CURRENT ASSETS |
0.000 |
0.350 |
0.400 |
|
|
|
|
|
|
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
ASSETS |
27.199 |
27.922 |
28.734 |
|
|
|
|
|
|
TANGIBLE NET WORTH |
1.450 |
1.945 |
2.505 |
|
|
|
||
|
NET WORKING CAPITAL |
6.674 |
7.127 |
7.955 |
|
|
|
|
|
|
CURRENT
RATIO |
1.33 |
1.36 |
1.40 |
|
|
|
|
|
|
TOTAL OUTSIDE LIABILITIES / TANGIBLE NET
WORTH |
17.76 |
13.36 |
10.47 |
|
|
|
|
|
|
TOTAL TERM LIABILITIES/ TANGIBLE NET WORTH
DIFFERENCE |
3.96 |
3.07 |
2.49 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
2013.2014 |
2014.2015 |
2015.2016 |
|
|
(Estimated) |
(Projected) |
|
|
FIRST METHOD OF
LENDING |
|
|
|
|
Total Current Assets |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
Other Current Liabilities (other than bank
borrowings) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Working Capital Gap (WCP) |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
Minimum stipulated net working Capital -
25% of total current assets other than Export Receivables |
6.669 |
6.782 |
6.989 |
|
|
|
|
|
|
Actual/projected net working capital |
6.674 |
7.127 |
7.955 |
|
|
|
|
|
|
Item 3 minus item 4 |
20.006 |
20.345 |
20.966 |
|
|
|
|
|
|
Item 3 minus item 5 |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Maximum permissible bank finance (item 6 or
7 whichever is less) |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Excess borrowings, if any representing
short fall in NWC |
-- |
-- |
-- |
|
|
|
|
|
|
SECOND METHOD OF
LENDING |
|
|
|
|
Total Current Assets |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
Other Current Liabilities (other than bank
borrowings) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Working Capital Gap (WCP) |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
Minimum stipulated net working Capital -
25% of total current assets other than Export Receivables |
6.669 |
6.782 |
6.989 |
|
|
|
|
|
|
Actual/projected net working capital |
6.674 |
7.127 |
7.955 |
|
|
|
|
|
|
Item 3 minus item 4 |
20.006 |
20.345 |
20.966 |
|
|
|
|
|
|
Item 3 minus item 5 |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Maximum permissible bank finance (item 6 or
7 whichever is less) |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Excess borrowings, if any representing
short fall in NWC |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
2013.2014 |
2014.2015 |
2015.2016 |
|
|
(Estimated) |
(Projected) |
|
|
A
CURRENT ASSETS |
|||
|
Raw Materials (including stores and other
items used in the process of manufacture ) |
|
|
|
|
(b) Imported |
0.000 |
0.000 |
0.000 |
|
Months' Consumption |
-- |
-- |
-- |
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
|
Months' Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Other Consumable Spares, excluding those included In 1 above |
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
|
Months' Consumption |
-- |
-- |
-- |
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
|
Months' Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
Months' Cost of Production |
-- |
-- |
-- |
|
|
|
|
|
|
Finished Goods |
13.409 |
14.456 |
15.692 |
|
Months' Cost of Sales |
0.50 |
0.51 |
0.054 |
|
|
|
|
|
|
Receivables other than Export and
Deferred Receivables (including Bills
Purchased and Discounted by Bankers)
|
10.642 |
10.943 |
10.709 |
|
Months' Domestic Sales excluding Deferred Sales |
0.38 |
0.38 |
0.036+ |
|
|
|
|
|
|
Export Receivables (including Bills Purchased& Discounted
by Bankers) |
0.000 |
0.000 |
0.000 |
|
Months' Export Sales |
-- |
-- |
-- |
|
|
|
|
|
|
Advances to Suppliers of Raw Materials
and Stores/Spares Consumables |
-- |
-- |
-- |
|
|
|
|
|
|
Other Current Assets |
|
|
|
|
Cash and Bank Balances |
2.127 |
1.577 |
1.401 |
|
Invetsment Except Long Term |
0.000 |
0.000 |
0.000 |
|
Instalment of Deferred receivables |
0.000 |
0.000 |
0.000 |
|
Advance Payments of Taxes |
0.000 |
0.000 |
0.000 |
|
Others |
0.496 |
0.151 |
0.153 |
|
TOTAL CURRENT
ASSETS |
26.674 |
27.127 |
27.955 |
|
|
|
|
|
|
B
CURRENT LIABILITIES |
|
|
|
|
(other than Bank Borrowing for Working
Capital) |
|
|
|
|
|
|
|
|
|
Creditors for expenses |
0.000 |
0.000 |
0.000 |
|
Creditors for Purchase of Raw Materials,
Stores & Consumable Spares |
0.000 |
0.000 |
0.000 |
|
Months' Purchases |
-- |
-- |
-- |
|
|
|
|
|
|
Advances from Customers |
0.000 |
0.000 |
0.000 |
|
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
(Specify major items) |
|
|
|
|
|
|
|
|
|
Total (To agree
with Sub-Total B In Form III ) |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
RAJEEV BANSAL
(RS. IN MILLIONS)
|
DESCRIPTION |
VALUE |
BASIS |
|
A. Capital Balance in Bansal Traders, Etah |
3.899 |
Book Balance |
|
|
|
|
|
B. Immovable Properties |
|
|
|
¼ Share in Followings Properties |
|
|
|
Land measuring 40 Bigha at Ganjdundwara
Road, Etah |
20.000 |
Current Market
Value |
|
|
|
|
|
Land 16 Bigh Adjoining Home at Sarai Mishra,
Etah |
120.000 |
Current Market
Value |
|
|
|
|
|
Land 12 Bigha at Near Bhuteshwar, Etah |
10.000 |
Current Market
Value |
|
|
|
|
|
House at Ghantaghar, Etah |
8.000 |
Current Market
Value |
|
|
|
|
|
Building at G.T. Road, Etah (108 X54 Ft) |
30.000 |
Current Market
Value |
|
|
|
|
|
Building at Mehta Park, Etah |
4.500 |
Current Market
Value |
|
|
|
|
|
Plot Measuring 100X33 ft at Sarai Mishra,
Etah |
3.500 |
Current Market
Value |
|
|
|
|
|
Two Godowns at Sarai Mishra, Etah |
5.000 |
Current Market
Value |
|
|
|
|
|
Residential House at Sarai Mishra, Etah |
8.000 |
Current Market
Value |
|
|
|
|
|
Building at Kailashganj, Etah (2600 sq. ft.) |
5.000 |
Current Market
Value |
|
|
|
|
|
Land 3 Bigha adjoining Land at Ganjdundwara
Road |
3.000 |
Current Market
Value |
|
|
|
|
|
Total Value of Properties |
217.000 |
|
|
|
|
|
|
¼ share of Rajeev Bansal |
54.250 |
|
|
|
|
|
|
TOTAL NET WORTH
OF MR. RAJEEV BANSAL AS ON 31.03.2012 |
58.149 |
|
------------------------------------------------------------------------------------------------------------------------------
ISSUE/S FOR CONSIDERATION
|
Present
Request: Working capital requirement of Rs.15.000 Millions + B.D Rs.5.000
Millions total Exposure Rs.20.000 Millions
|
|
Last Sanction / Review: New
A/c |
FACILITIES
AND SECURITY COVER
(RS. IN MILLIONS)
|
Limits (With Purpose) |
Existing |
Proposed |
Inc.(+)/ Dec.(-) in limits |
Pricing* ROI/ Commission |
Present Outstanding /Date |
Over-dues @ |
|
Working Capital for Advance to P.G |
- |
15.000 |
(+)15.000 |
4% over Base Rate presently 14.20% P.A |
- |
- |
|
Book Debt For 90 days at 40% margin |
|
5.000 |
(+)5.000 |
4% over Base Rate presently 14.20% P.A |
|
|
|
Non Fund Based |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
Total (Max)
|
NIL |
20.000 |
(+)20.000 |
|
NIL |
NIL |
Term
loan and Repayment: Not requested
SECURITY
|
Security |
Particulars $ |
Date of valuation report |
Value (Share) (Rs. in Millions) Present Proposed |
|
|
Principal |
i) Hypothecation of stock of rice and other food grain items |
As per audited B.S dt 31.03.13 |
10.543 |
13.410 As per estimated B.S Mar’14 |
|
|
Hypothecation of fixed asset |
As per audited B.S dt 31.03.13 |
0.617 |
0.525 |
|
|
Hypothecation of stocks / Book Debts
|
As per audited B.S dt 31.03.13 |
4.030 |
10.643 As per estimated B.S Mar’14 |
|
Total |
|
|
15.190 |
24.578 |
|
|
||||
|
Collateral a. |
EQM of Flat No, 205, 3rd Floor, Saphire Tower, Pushpanjali Height,
Agra in the Name of Mrs. Ruby Bansal w/o Mr. Rajiv Bansal, R/o Etah |
20.03.14 By Magnet
consortium |
|
6.120 / 5.508 (Distress value) |
|
b. |
EQM of Flat No. 403, 5th Floor, Saphire Tower, Pushpanjali Height,
Agra in the Name of Mrs. Gunjan Bansal w/o Mr. Sanjeev Bansal, R/o Etah |
20.03.14 By Magnet
consortium |
|
5.815 / 5.234 (Distress value) |
|
c. |
EQM of Plot Near Ashoka Hotel, Infront of ISBT, Agra, Plot No-31, Part
of Khasra-181/1, at Neeraj Nagar Colony, Agra, in the name of Smt. Alka Gupta w/o Mr.
Kuldeep Gupta resident of Vijaynagar, Etah |
20.03.14 By Magnet
consortium |
|
4.421 / 3.979 (Distress value) |
|
d. |
EQM of Godown property situated at Gular Road, Aligarh, at khasra
No.802,804, Bankey, Kasba Koil, in the name of Smt. Sudha Agrawal w/o Mr.
Gopal Agrawal |
20.03.14 By Magnet
consortium |
|
8.273 / 7.446 (Distress value) |
|
e. |
Assignment / pledge of TDR |
|
- |
0.500 |
|
|
Total Collateral |
|
|
25.129 / 22.617 (Distress value) |
|
|
Total Security |
|
|
49.707 / 47.195 (D.V) |
|
|
Exposure |
|
|
20.000 |
|
|
Asset Coverage Ratio |
|
|
2.48 |
|
|
Collateral Coverage Ratio |
|
|
1.25 |
STOCK IS KEPT IN
THE SHOP AND GODOWN AT MANDI SAMITI, ETAH AND IN HIRED GODOWN AT G. T. ROAD
(MUNNI DEVI GODOWN) IN THE SUPERVISION OF NBHC (NATIONAL BULK HOLDING
CORPORATION)
(RS IN MILLIONS)
|
Proprietor / Guarantors
& their worth |
Net
worth * |
Basis |
|
Mr. Rajeev Bansal |
55.000 |
CBD-23 |
|
Total |
55.000 |
|
|
|
|
|
|
Guarantos and their
worth |
|
|
|
Mrs. Ruby Bansal w/o
Sh. Rajeev Bansal |
7.000 |
CBD-23 |
|
Mrs. Gunjan Bansal
w/o Sh. Sanjeev Bansal |
7.000 |
CBD-23 |
|
Mrs. Alka Gupta w/o Sh.
Kuldeep Gupta |
6.000 |
CBD-23 |
|
Mrs. Sudha Agrawal
w/o Sh. Gopal Agrawal |
8.500 |
CBD-23 |
|
Total |
28.500 |
|
|
Grand Total |
83.500 |
|
Proprietor (Mr.
Rajeev Bansal is also partner in group account M/s Radha Krishna Modern Rice Mill,
S/Limit Rs.10.000 Millions)
Guarantors – Mrs.
Ruby Bansal, Gunjan Bansal and Mrs. Alka Gupta is also guarantors in group
account M/s Radha Krishna Modern Rice Mill
(RS. IN MILLIONS)
|
Utilisation of
: |
Current Year (2013-14) |
Next Year (2014-15) |
||
|
|
Amount |
% |
Amount |
% |
|
a)
Fund Based Limits |
|
|
|
|
|
i. Term Loan |
NA |
NA |
NA |
NA |
|
ii. Working Capital |
12.500 |
75% |
20.000 |
100% |
|
b) Non Fund Based Limits |
NIL |
NIL |
NIL |
NIL |
|
Export Turnover |
NIL |
NIL |
NIL |
NIL |
|
Import Turnover |
NIL |
NIL |
NIL |
NIL |
|
Earning (Rs. in Millions) |
2013-14 |
2014-15 |
||||
|
Interest |
0.024 |
2.900 |
||||
|
Other Income |
No. |
Amt. |
Earnings |
No. |
Amt. |
Earnings |
|
Bills
Purchased/ collected |
- |
- |
- |
- |
- |
- |
|
LCs
opened |
- |
- |
- |
- |
- |
- |
|
Guarantees
issued |
- |
- |
- |
- |
- |
- |
|
Any
other Income |
- |
- |
- |
- |
- |
0.100 |
|
Total |
- |
3.000 |
||||
|
Yield |
-- |
15% |
||||
DETAILS OF FLOAT AVAILABLE
(RS. IN MILLIONS)
|
|
Current year position |
2013-14 Position |
||
|
No. of A/cs |
Amt. |
Average Balance |
Outstanding as on 28.02.2014 |
|
|
Saving Bank |
|
|
|
|
|
Current Deposit |
1 |
1.000 |
1.438 |
10.400 |
|
Term Deposit |
|
2.000 |
2.500 |
2.500 |
|
Total |
|
3.000 |
3.500 |
12.900 |
Details of Retail Banking/any other business generated by cross selling
of products.
Adhoc business: Advances to Employees of the Borrower:
To include all other income
like processing/lead bank, technical appraisal fee/documentation charges,
service charges etc.
Proprietor and his family
members are maintaining good deposit with us and investment in third party
products also,
FINANCIAL POSITION
(RS. IN MILLIONS)
|
Particulars |
31.12.2012 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
Provisional |
Estimated |
projected |
|
|
Prop. Capital |
4.025 |
5.368 |
5.862 |
6.423 |
|
Tangible Net Worth |
4.025 |
5.368 |
5.862 |
6.423 |
|
Invetsment in Company |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
3.069 |
2.887 |
3.397 |
3.921 |
|
Medium and Long Term Loans |
0.148 |
0.245 |
0.212 |
0.175 |
|
Capital Employed |
7.242 |
8.500 |
9.471 |
10.519 |
|
Current Assets |
14.139 |
27.830 |
28.874 |
29.985 |
|
Current Liabilities |
9.081 |
7.830 |
8.874 |
9.985 |
|
NWC |
5.058 |
7.830 |
8.874 |
9.985 |
|
Net Block |
0.525 |
0.525 |
0.446 |
0.379 |
|
Net Sales/ Receipts |
257.380 |
336.000 |
349.350 |
361.200 |
|
Other Income |
0.058 |
0.852 |
0.961 |
1.026 |
|
|
|
|
|
|
|
EBIDTA/ PBIDTA |
3.480 |
2.665 |
2.855 |
3.017 |
|
Interests |
0.131 |
1.887 |
2.069 |
2.169 |
|
|
|
|
|
|
|
GROSS PROFIT/ LOSS (PBDT) |
3.349 |
0.778 |
0.786 |
0.848 |
|
Taxes |
1.658 |
0.146 |
0.151 |
0.154 |
|
Cash Accruals |
1.691 |
0.632 |
0.635 |
0.694 |
|
Depreciation |
0.000 |
0.093 |
0.079 |
0.067 |
|
Net Profit/ Loss |
1.691 |
0.539 |
0.556 |
0.627 |
|
NP/Cap Employed % |
2.335 |
0.634 |
0.587 |
0.596 |
|
|
|
|
|
|
|
RATIOS: |
|
|
|
|
|
Current Ratio |
1.56 |
1.39 |
1.44 |
1.50 |
|
Debt/ Equity |
|
|
|
|
|
Term Liabilities/ TNW |
0.04 |
0.05 |
0.04 |
0.03 |
|
Total Outside Liabilities/ TNW |
3.06 |
4.31 |
4.03 |
3.75 |
|
TOL/ TNW+QE |
1.30 |
2.45 |
2.18 |
1.95 |
|
PAT/ Net Sales % |
0.66 |
0.16 |
0.16 |
0.17 |
|
Interests Coverage |
26.56 |
1.41 |
1.38 |
1.39 |
|
Inv. + Rece./Sales (%) |
4.22 |
7.90 |
7.70 |
7.80 |
COMMENTS
IN BRIEF ON FINANCIAL POSITION
Capital and Net Worth:-
Capital and Net worth of
the firm is showing increasing trend, due to retention of profit, net of
drawings and TDS, As per audited B.S TNW increased from Rs.0.474 Millions
(Mar’11) to Rs.0.588 Millions in Mar’12 and also increased to Rs.0.971 Millions
in Mar’13 reconciliation of TNW is as
under-
|
Capital as on
31.03.2012 |
0.588 |
|
Add: profit of the
year |
0.438 |
|
Less : Drawings |
0.052 |
|
: TDS |
0.003 |
|
Capital / TNW as on
31.03.2013 |
0.971 |
Capital of the firm increased
during Dec’13, Mar’14 and Mar’15 due to subordination of unsecured loan Mrs.
Ruby Bansal, Sadhana Bansal (family members)
Proprietor is also
getting income from group account M/s Radha Krishna Modern Rice Mill, and has made
investment in other firm also which has been clubbed in audited balance sheet
in the name of Mr. Rajeev Bansal
SALES: - As per audited balance sheet sale of the firm tremendously increased
from Rs.84.584 Millions (Mar’12) to Rs.328.680 Millions in Mar’13 and estimated
and projected sale is Rs3360 lac in Mar’14 and Rs.349.300 Millions in Mar’15,
Firm has also submitted C.A certificate regarding sale upto 28.02.2014 is
Rs.292.423 Millions therefore, estimated sale of Rs.336.000 Millions upto end
of Mar’14 can be easily achievable and justified.
Profitability: As per audited and estimated balance sheet trend of net profit is
increasing, from Rs.0.199 Millions (Mar’12) to Rs.0.438 Millions in Mar’13 and
Rs.0.539 Millions in Mar’14 and Rs.0.556 Millions in Mar’15
Current Ratio; Current ratio of the company as per audited
B.S for Mar’12 and Mar’13 is 1.41 and 1.32 estimated and projected in Mar’14
and Mar’15 is 1.56 and 1.39 which is at acceptable level and satisfactory.
Debt Equity Ratio:
Debt Equity Ratio of the firm comes to 15.39 during F.Y ending 2012-13
as per audited B.S which has comes down to 3.06 as on Dec’13, 4.31 as on Mar’14
and 4.03 as on Mar’15 which are as per bench mark. Trend of term liability of
the firm is decreasing. The repayment of the stipulated installments is quite
regular.
From the above it is observed that the major financial indicators are
satisfactory and the estimates/projections submitted by the Company are
achievable looking into the past performance.
AUDIT/INSPECTION/ MEETINGS
|
|
Last Date |
Remarks/observations and Br./Z.O. comments on
rectification |
|
Stock inspection |
05.03.2014 |
Stock inspection
carried out by sr. Br. Manager Mr. S. F. Hussain, report is satisfactory, the
firm is continuously engaged in this business throughout the year and has
also submitted storage receipts of NBHC, and they need more fund of Rs.15.000
Millions as CC facility against hypothecation of stock at 25% margin and
Rs.5.000 Millions B.D facility for 90 days at 40% margin to achieve estimated
and projected financials. |
|
Stock audit |
NA |
NA |
|
Consortium meeting |
|
NA |
|
Any adverse comments of Statutory/
Internal/Concurrent/revenue/RBI Auditors and Borrower's Auditors (as extracted from the Balance sheet) |
New A/c |
|
ASSESMENT/JUSTIFICATION
|
|
Particulars |
Current Year 2012-13 |
Projection 2013-14 |
|
A |
Sales |
328.600 |
336.000 |
|
B |
25% of Gross Sales |
82.150 |
84.000 |
|
C |
5%
of Gross Sales |
16.400 |
16.800 |
|
D |
Actual / Projected Net Working Capital |
3.364 |
11.270 |
|
E |
(b-c) |
65.700 |
67.200 |
|
F |
(b-d) |
78.786 |
72.730 |
|
G |
Permissible Bank Finance (Lower of e and f) |
65.700 |
67.200 |
|
|
Max. Limit recommended |
NIL |
20.000 |
The audited sale as on 31.03.2012 and
31.03.3013, projected sale as on 31.03.2014, the sale has surprisingly jumped
from Rs.85.484 Millions (Mar’12) to Rs.328.680 Millions in Mar’13 and estimated
to achieve to Rs.336.000 Millions and Rs.349.350 Millions in Mar’14 and Mar’15
respectively, proprietor has also submitted C.A certificate regarding
achievement of sale of Rs.292.423 Millions upto 28.02.2014, therefore,
estimated sale figure of Rs.336.000 Millions can be easily achieved by the firm
upto end of Mar’14 and as per above method of assessment the eligibility (MPBF)
comes to Rs.67.200 Millions whereas firm has requested for Rs.20.000
Millions only including Book Debt
facility for achievement of estimated and projected financials which seems to
be genuine and may be considered. The collateral security offered is sufficient
to cover the advance and easily realizable. The proprietor and guarantors are
enjoying good reputation, the proprietor sh. Rajeev Bansal is also partner in
the group account M/s Radha Krishna Modern Rice Mill (Enjoying working capital
facility of Rs.10.000 Millions) operation of account is very much satisfactory
and stock position is sufficient.
Title search report and valuation report
submit by bank approved lawyer (Mr. Ghulam Umar Quadri and by M/s Magnet
Consortium) approved valuer. Physical verification of property carried out by
Staff officer Mr. S. F. Hussain (Sr. Br. Manager) and Sh. Gaurav Mishra
(Officer) on 18.03.2014 and on 20.03.2014 separately, findings are
satisfactory.
The above details and old relation of the
proprietor they recommend to accord the approval/ sanction please,
W.C – Rs.15.000 Millions (Hypothecation of stock) at 25% margin
Book Debt facility – Rs.5.000 Millions for 90 days at 40% margin
Project Finance/Term Loan Assessment:
(Comments should include remarks on Techno- Economic Viability Study)
Term loan not requested
Firm is engaged in this business since 2008 and sale surprisingly increased
from Rs.84.584 Millions (Mar’12) to Rs.328.680 lac Millions (Mar’13) which is
itself explanatory about viability of the project, firm is also having some
godowns on rent at Mandi Samiti, Etah and has also stored the foodgrain items
in NBHC godown also and has submitted the receipt and agreement paper of godown
hired.
EXPOSURE: REQUESTED FOR FINANCIAL ASSISTANCE OF –
CC LIMIT OF RS.15.000 MILLIONS AGAINST HYPOTHECATION OF STOCK
BOOK DEBT FACILITY OF RS.5.000 MILLIONS FOR 90 DAYS AT 40% MARGIN
BORROWER
(RS. IN MILLIONS)
|
|
Facility* |
Amount |
Outstanding’s/ Date 21.03.14 |
Asset Status (Brief details, if any) |
|
With Us |
Car loan |
0.780 |
0.140 |
Standard |
|
|
Group a/c A/s Radha Krishna Modern Rice Mill (Partnership) |
10.000 |
300.000 |
Standard |
|
With Other Banks |
Cash credit |
NIL |
|
|
|
|
Bank guarantee |
NIL |
|
|
|
With FIs** |
|
NIL |
|
|
|
Under Lease Finance/Invt. |
|
NIL |
|
|
|
Total |
|
0.780 |
0.180 |
|
GROUP EXPOSURE (INCLUDING THIS PROPOSAL) –
GROUP A/C M/S RADHA KRISHNA MODERN RICE MILL
(RS. IN MILLIONS)
|
Name of company/ firm |
Zone/ Branch |
AC/ CR |
FBL |
NFBL |
Total/ Max. |
Outstanding As on 21.03.14 FBL NFBL |
Out of Order, If any |
|
|
M/s Radha Krishna Modern Rice Mill |
Agra / Etah |
-- |
100 |
NIL |
100 |
300.000 |
NIL |
NIL |
CPA-2 IS NON QUALIFIED
AND SENT FOR CLOSURE, CLOSURE REPORT YET NOT OBTAINED, THEREFORE DISBURSEMENT
NOT PERMITTED
(RS. IN MILLIONS)
|
Maximum exposure based on capital funds as on
28.02.2014 |
Borrower |
Group |
||
|
Cap. |
Actual
|
Cap. |
Actual
|
|
|
- |
- |
- |
10.000 |
|
BRANCH COMMENTS
AND RECOMMENDATIONS:
Bansal Trader is a proprietorship firm (Proprietor – Mr. Rajeev
Bansal), Firm is engaged in this business since 2008, they deals in trading of
food grain items mainly Rice, wheat, pulse crop, Oil seeds etc.
The sale of the firm surprisingly increased from Rs.84.584 Millions
(Mar’12) to Rs.328.680 Millions (Mar’13)
which is itself explanatory about viability of the project, firm is also having
some godowns on rent at Mandi Samiti, Etah and has also stored the food grain
items in NBHC godown also and has submitted the receipt and agreement paper of
godowns hired.
Looking the audited sale as on 31.03.2012 and
31.03.3013, projected sale as on 31.03.2014, the sale has surprisingly jumped
from Rs.85.484 Millions (Mar’12) to Rs.328.680 Millions in Mar’13 and estimated
to achieve to Rs.336.000 Millions and 349.350 Millions in Mar’14 and Mar’15
respectively, proprietor has also submitted C.A certificate regarding
achievement of sale of Rs.292.423 Millions upto 28.02.2014, therefore,
estimated sale figure of Rs.336.000 Millions can be easily achieved by the firm
upto end of Mar’14 and as per above
method of assessment the eligibility (MPBF) comes to Rs.67.200 Millions whereas
firm has requested for Rs.20.000 Millions only including Book Debt facility for
achievement of estimated and projected financials which seems to be genuine and
may be considered.
The collateral security offered is sufficient
to cover the advance and easily realizable and situate at prime locality of
Agra and Aligarh. The proprietor and guarantors are enjoying good reputation,
the proprietor Mr. Rajeev Bansal is also partner in the group account Radha
Krishna Modern Rice Mill (Enjoying working capital facility of Rs.10.000
Millions) operation of account is very much satisfactory and stock position is
sufficient.
Title search report and valuation report
submit by bank approved lawyer (Mr. Ghulam Umar Quadri and by M/s Magnet
Consortium) approved valuer. Physical verification of property carried out by
Staff officer Mr. S. F. Hussain (Sr. Br. Manager) and Sh. Gaurav Mishra
(Officer) on 18.03.2014 and on 20.03.2014 separately, findings are
satisfactory.
W.C – Rs15.000 Millions (Hypothecation of stock) at 25% margin
Book Debt facility – Rs.5.000 Millions for 90 days at 40% margin
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.