MIRA
INFORM REPORT
|
Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AJWA PROJECTS PRIVATE LIMITED |
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Registered
Office : |
M-71, Silver Spring Complex, Near |
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Country : |
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|
Financials (as
on) : |
31.03.2014
(Provisional) |
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Date of
Incorporation : |
12.03.2011 |
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Com. Reg. No.: |
04-064399 |
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Capital
Investment / Paid-up Capital : |
Rs.0.920 Million |
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CIN No.: [Company Identification
No.] |
U45200GJ2011PTC064399 |
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PAN No.: [Permanent Account No.] |
AAJCA3093P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of Fabrication Works and
Erection. |
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No. of Employees
: |
1790 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Rating reflects decent liquidity position marked by improvement in
performance of the company over previous year. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealing 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the
political and economic development in the dragon economy and has figured out
something that is quite worrying. He is of the view that the Chinese economy
could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes that many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed
that asset classes like real estate and equities were the biggest beneficiaries
of the liberalization policies. A firm called Ciane
Analytics studied returns from assets including equities, gold, fixed deposits,
G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 %! Equities came in second with annualized return of
15.5 %! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17
crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Mohammad Khursheed Alamkhan |
|
Designation : |
Director |
|
Contact No.: |
91-9726693127 |
|
Date : |
05.08.2014 |
LOCATIONS
|
Registered Office : |
M-71, Silver Spring Complex, Near Bhulka Bhawan School, Adajan, Surat – 395009, Gujarat, India |
|
Tel. No.: |
91-261-2786786 |
|
Mobile No.: |
91-9726693127 (Mr. Mohammad Khursheed Alamkhan) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
(AS ON 31.03.2014)
|
Name : |
Mr. Mohammad Khursheed Alamkhan
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Designation : |
Director |
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Address : |
B-3, Ganga Sagar
Society, Adajan Patoya, Rander, Surat – 395009,
Gujarat, India |
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Date of Birth/Age : |
06.06.1957 |
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Qualification : |
Under Graduate |
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Experience : |
30 years |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AEBPK1354E |
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DIN No.: |
02861761 |
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Other Directorship : |
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Name : |
Mrs. Zareenabegum Moh.
Khursheed Alamkhan |
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Designation : |
Director |
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|
Address : |
B-3, Ganga Sagar
Society, Adajan Patoya, Rander, Surat – 395009,
Gujarat, India |
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Date of Birth/Age : |
25.04.1967 |
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Qualification : |
30 years |
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Experience : |
Under Graduate |
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Date of Appointment : |
12.03.2011 |
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PAN No.: |
AACPS5313R |
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DIN No.: |
02846616 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2014)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
Mohammad Khursheed Alamkhan |
|
47000 |
|
Zareenabegum Moh. Khursheed Alamkhan |
|
25000 |
|
Heena Mohd. Khursheed Alamkhan |
|
20000 |
|
|
|
|
|
Total
|
|
92000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Fabrication Works and
Erection. |
GENERAL INFORMATION
|
Suppliers : |
· Jain Distributors · Wilsons Gass · ARC Weld Equipment’s · Ashapura Trading Company · Ashirwad Gas · Auto Link · B. D. Gupta and Sons Private Limited · C P Enterprises · Essel Weld Enterprises · Gem Elektro Mech · Icon Welding Equipment’s · J K Sales and Services · Pandit Rao Bhim Rao Sonar · Piyush Enterprises · R K Corporation · Rahil Trading Company · Shubham Power Tools · Swastik Enterprises |
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Customers : |
· Essar Heavy Engineering · Essar Project (India) Limited · Jindal Steel and Power Limited · Larsen and Toubro Limited |
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No. of Employees : |
1790 (Approximately) |
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Bankers : |
· Allahabad Bank 864, Alaknanda
Apartment, Athugar
Street, Nanpura, Surat –
395007, Gujarat, India · ICICI Bank Surat, Gujarat, India · State Bank of India |
||||||||||||||||||||||
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Facilities : |
Credit Limit : Rs.20.000 Millions from
Allahabad Bank
----------------------------------------------------------------------------------------
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M. Mantri and
Company Chartered Accountants |
|
Address : |
Union Trade Centre, Near Udhna
Darwaja, Ring Road, Surat,
Gujarat, India |
|
PAN No.: |
AAGFM0871R |
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|
|
|
Associates/Subsidiaries : |
·
M. K.
Enterprise M-72, Silver Spring Complex, Near Bhulka Bhawan School, Adajan, Surat, Gujarat, India Line of Business : Fabrication and Erection |
CAPITAL STRUCTURE
(AS ON 31.03.2014 - Provisional)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000 |
Equity Shares |
Rs.10/- each |
Rs.1.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92000 |
Equity Shares |
Rs.10/- each |
Rs.0.920
Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.920 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
16.438 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
17.358 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
10.808 |
|
|
2] Unsecured Loans |
|
|
2.436 |
|
|
TOTAL BORROWING |
|
|
13.244 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
30.602 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.902 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.738 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
46.225 |
|
|
Cash & Bank Balances |
|
|
11.754 |
|
|
Other Current Assets |
|
|
4.072 |
|
|
Loans & Advances |
|
|
1.000 |
|
Total
Current Assets |
|
|
63.051 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
8.052 |
|
|
Other Current Liabilities |
|
|
20.281 |
|
|
Provisions |
|
|
7.756 |
|
Total
Current Liabilities |
|
|
36.089 |
|
|
Net Current Assets |
|
|
26.962 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
30.602 |
|
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
0.920 |
0.500 |
|
(b) Reserves & Surplus |
|
11.418 |
4.522 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
|
12.338 |
5.022 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.187 |
0.187 |
|
(b) Deferred tax liabilities (Net) |
|
0.121 |
0.074 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.308 |
0.261 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
19.425 |
5.967 |
|
(b) Trade payables |
|
4.209 |
2.856 |
|
(c) Other current
liabilities |
|
7.568 |
10.395 |
|
(d) Short-term provisions |
|
1.422 |
0.770 |
|
Total Current Liabilities (4) |
|
32.624 |
19.988 |
|
|
|
|
|
|
TOTAL |
|
45.270 |
25.271 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3.280 |
3.239 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.427 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
3.707 |
3.239 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
29.085 |
10.972 |
|
(d) Cash and cash
equivalents |
|
7.542 |
8.175 |
|
(e) Short-term loans and
advances |
|
4.907 |
2.852 |
|
(f) Other current assets |
|
0.029 |
0.033 |
|
Total Current Assets |
|
41.563 |
22.032 |
|
|
|
|
|
|
TOTAL |
|
45.270 |
25.271 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Fabrication Works) |
|
|
142.019 |
|
|
|
Other Income |
|
|
5.123 |
|
|
|
TOTAL (A) |
|
|
147.142 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
12.458 |
|
|
|
Construction Materials |
|
|
0.013 |
|
|
|
Consumables DIR – L and T |
|
|
2.068 |
|
|
|
Medical L and T |
|
|
0.014 |
|
|
|
On Site Fine and Deduct |
|
|
0.070 |
|
|
|
Sub Cont Dedu by LNT |
|
|
0.264 |
|
|
|
Workmen Compensation |
|
|
0.177 |
|
|
|
Account Software Expenses |
|
|
0.002 |
|
|
|
Consumable |
|
|
0.447 |
|
|
|
Diesel Expenses |
|
|
0.062 |
|
|
|
Electrical Expenses |
|
|
0.030 |
|
|
|
Food Expenses |
|
|
0.169 |
|
|
|
Insurance |
|
|
0.059 |
|
|
|
Makin
Engineers |
|
|
0.260 |
|
|
|
Miscellaneous Expenses |
|
|
0.105 |
|
|
|
P F Directly Paid by C |
|
|
1.990 |
|
|
|
Petrol Expenses |
|
|
0.734 |
|
|
|
Pooja
Expenses |
|
|
0.029 |
|
|
|
Salaries Office |
|
|
2.035 |
|
|
|
Services Office |
|
|
12.184 |
|
|
|
Staff Quarters Rent |
|
|
1.038 |
|
|
|
Stationery and Printing |
|
|
0.092 |
|
|
|
Travelling
Expenses |
|
|
0.271 |
|
|
|
Vehicles |
|
|
1.109 |
|
|
|
Wages A/c |
|
|
99.606 |
|
|
|
Other Expenses |
|
|
2.681 |
|
|
|
TOTAL (B) |
|
|
137.967 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
9.175 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
7.032 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.507 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
|
6.525 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
1.515 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
|
5.010 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
54.46 |
|
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
126.150 |
53.032 |
|
|
|
Other Income |
|
0.002 |
0.000 |
|
|
|
TOTAL (A) |
|
126.152 |
53.032 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
19.403 |
11.781 |
|
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
|
Employees benefits expense |
|
85.128 |
32.194 |
|
|
|
Other expenses |
|
14.751 |
6.811 |
|
|
|
TOTAL (B) |
|
119.282 |
50.786 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
6.870 |
2.246 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.567 |
0.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
5.303 |
1.793 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.725 |
0.385 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
|
4.578 |
1.408 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
1.462 |
0.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
3.116 |
0.922 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
34.00 |
18.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.47 |
1.74 |
3.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.63 |
2.66 |
4.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.21 |
5.57 |
9.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.28 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.59 |
1.23 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.10 |
1.75 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.500 |
0.920 |
0.920 |
|
Reserves & Surplus |
4.522 |
11.418 |
16.438 |
|
Net worth |
5.022 |
12.338 |
17.358 |
|
|
|
|
|
|
Secured Loans |
5.967 |
19.425 |
10.808 |
|
Unsecured Loans |
0.187 |
0.187 |
2.436 |
|
Total borrowings |
6.154 |
19.612 |
13.244 |
|
Debt/Equity ratio |
1.225 |
1.590 |
0.763 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
53.032 |
126.15 |
142.019 |
|
|
|
137.875 |
12.579 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
53.032 |
126.15 |
142.019 |
|
Profit |
0.922 |
3.116 |
5.01 |
|
|
1.74% |
2.47% |
3.53% |
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 one years |
Yes |
|
12] |
Profitability for last one years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs. In Millions) |
|
|
|
|
M. K. Alam Loan |
1.387 |
|
Heena Enterprise Loan (Mkalam)
|
0.427 |
|
Zarina Begum Loan |
0.622 |
|
|
|
|
Total |
2.436 |
|
Particulars |
31.03.2013 (Rs. In Millions) |
|
Long Term
Borrowings |
|
|
Term Loans from Directors/ Shareholders/ Relatives qqqaa M K Alam Khan |
0.187 |
|
|
|
|
Total |
0.187 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
||
|
Gross
Sales |
|
|
|
|
Domestic Sales |
202.000 |
222.200 |
244.420 |
|
Export Sales |
-- |
-- |
-- |
|
Other Income |
-- |
-- |
-- |
|
|
|
|
|
|
Total
|
202.000 |
222.200 |
244.420 |
|
|
|
|
|
|
Less: Excise Duty, Sales Tax |
-- |
-- |
-- |
|
|
|
|
|
|
Net
Sales |
202.000 |
222.200 |
244.420 |
|
|
|
|
|
|
% of rise in sales (+)/ Fall (-) in sales
as compared to previous |
37.35% |
10.00% |
10.00% |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
Raw Materials (including storage and other items used in
the process of manufacturer) |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Indigenous |
35.350 |
22.487 |
35.126 |
|
|
|
|
|
|
Direct Labour
(Factory Wages and Salary) |
132.159 |
159.762 |
175.689 |
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
|
Personnel Cost (Labour
Charges) |
0.000 |
0.000 |
0.000 |
|
Octroi, Loading,
Unloading -Other Manufacturing Costs/ Direct
Expenses |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.435 |
0.370 |
0.315 |
|
|
|
|
|
|
Sub
Total (Total Cost of Sales) |
167.944 |
182.619 |
201.130 |
|
|
|
|
|
|
Add: Opening Stock in process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total |
167.944 |
182.619 |
201.130 |
|
|
|
|
|
|
Less: Closing Stock of in process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost
of Production |
167.944 |
182.619 |
201.130 |
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total |
167.944 |
182.619 |
201.130 |
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total (Total Cost of Sales) |
167.944 |
182.619 |
201.130 |
|
Gross
Profit |
34.056 |
39.581 |
43.290 |
|
|
|
|
|
|
Selling, General and Administrative
Expenses |
21.412 |
25.375 |
27.913 |
|
|
|
|
|
|
Sub
Total |
189.356 |
207.994 |
229.043 |
|
|
|
|
|
|
Operating Profit before Interests |
12.644 |
14.206 |
15.377 |
|
|
|
|
|
|
Interests |
3.654 |
4.208 |
4.200 |
|
|
|
|
|
|
Operating profit after interests |
8.990 |
9.998 |
11.177 |
|
|
|
|
|
|
Add: Other Non-Operating Income |
0.000 |
0.000 |
0.000 |
|
Deduct: Other Non-Operating Expenses |
0.000 |
0.000 |
0.000 |
|
Net
of Other Non-Operating Income/ Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before Tax/ Loss |
8.990 |
9.998 |
11.177 |
|
|
|
|
|
|
Provision for Tax |
2.778 |
3.089 |
3.454 |
|
|
|
|
|
|
Profit After Tax |
6.212 |
6.909 |
7.723 |
|
|
|
|
|
|
Retailed Profit |
6.212 |
6.909 |
7.723 |
|
Retained Profit/ Net Profit (%) |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
||
|
LIABILITIES |
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
Short Term Bank
Borrowings from banks (Including Bills purchased, discounted and excess
borrowings placed on repayment basis) |
|
|
|
|
(i)
From Corporation Bank |
30.000 |
30.000 |
30.000 |
|
(ii) From Other Banks |
0.000 |
0.000 |
0.000 |
|
(iii) (Of which BP and BD) – FBP/ FBD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (A) |
30.000 |
30.000 |
30.000 |
|
|
|
|
|
|
Short Term Borrowings from Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sundry Creditors for goods |
1.552 |
1.617 |
1.745 |
|
|
|
|
|
|
Advance Payment from Customers / Deposit
From Dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Provision for taxation if any |
2.778 |
3.089 |
3.454 |
|
|
|
|
|
|
Divided Payable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deposit / Installments of Term Loan |
0.072 |
0.032 |
0.000 |
|
|
|
|
|
|
Other Current Liabilities and Provision
(Due within 1 years) |
0.600 |
0.700 |
0.900 |
|
|
|
|
|
|
Sub
Total |
5.002 |
5.438 |
6.099 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES (A+B) |
35.002 |
35.438 |
36.099 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Preference Shares (Redeemable after one
year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Term Loans (exclusive Payable within one
years) |
0.032 |
0.000 |
0.000 |
|
|
|
|
|
|
Loan Against Property |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Unsecured Loans |
2.436 |
2.436 |
2.436 |
|
|
|
|
|
|
Brokers Current Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
2.468 |
2.436 |
2.436 |
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
37.470 |
37.874 |
38.535 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Ordinary Share Capital |
0.920 |
0.920 |
0.920 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
Quasi Capital |
0.000 |
0.000 |
0.000 |
|
Security Premium |
0.000 |
0.000 |
0.000 |
|
Profit and Loss A/c |
15.261 |
22.170 |
29.893 |
|
Others |
7.380 |
7.380 |
7.380 |
|
Total
Networth |
23.561 |
30.470 |
38.193 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
61.031 |
68.344 |
76.728 |
|
|
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
Cash & Bank Balance |
0.889 |
1.009 |
0.890 |
|
|
|
|
|
|
Advance payment for Raw Materials |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of Raw Materials and
Stores/ Spares |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Loans and Advances |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Duties and Taxes |
0.000 |
0.000 |
0.000 |
|
Deposits |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
5.253 |
5.500 |
6.500 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
56.305 |
61.689 |
68.088 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
Gross Block (Land and Building Machinery,
Construction in progress etc.) |
2.903 |
2.468 |
2.097 |
|
Depreciation to due |
0.435 |
0.370 |
0.315 |
|
Net
Block |
2.468 |
2.097 |
1.783 |
|
|
|
|
|
|
|
|
|
|
|
Investment/ Book debts/ Adv./ Deposits
which are not current Assets |
1.250 |
1.250 |
1.250 |
|
Loans and Advance |
1.000 |
3.300 |
5.600 |
|
Other current Assets (Such as dues from
associates, investments/ dues which are not of nature of current assets) |
0.000 |
0.000 |
0.000 |
|
Total
Other Non-current Assets |
2.258 |
4.558 |
6.858 |
|
|
|
|
|
|
Intangible assets, Misc,
Expenditures (Such as goodwill, doubtfull debts
etc.) |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL
ASSETS |
61.031 |
68.344 |
76.728 |
|
|
|
|
|
|
Tangible Net Worth |
23.561 |
30.470 |
38.193 |
|
|
|
|
|
|
Net Working Capital |
21.303 |
26.250 |
31.989 |
|
|
|
|
|
|
Current Ratio |
1.61 |
1.74 |
1.89 |
|
|
|
|
|
|
Total Outside Liabilities/ tangible Net
worth |
1.59 |
1.24 |
1.01 |
|
|
|
|
|
|
Total Term Liabilities/ Tangible Net Worth
|
0.10 |
0.08 |
0.06 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT
ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
||
|
|
|
|
|
|
A. CURRENT ASSETS |
|
|
|
|
Raw Materials (Including stores and Other Items used in the process of manufacturer |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
|
Indigenous |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Other Consumable spares(excluding those included under item 1 above) |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
|
Indigenous |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
0.000 |
|
Months cost of Production |
-- |
-- |
-- |
|
|
|
|
|
|
Finished Goods |
0.000 |
0.000 |
0.000 |
|
Months Cost of Sales |
-- |
-- |
-- |
|
|
|
|
|
|
Receivables other than export and deferred receivables (Including bills purchased and discounted by bank) |
50.163 |
55.180 |
60.698 |
|
Month’s bills purchased and discounted by bank |
(2.98) |
(2.98) |
(2.98) |
|
|
|
|
|
|
Export Receivables (including bills purchased and discount) |
0.000 |
0.000 |
0.000 |
|
Month’s exports sales |
-- |
-- |
-- |
|
|
|
|
|
|
Advances to Suppliers of Materials and stores/ Spares, consumables |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current Assets Cash and Bank Balance and deferred receivables due within one year |
0.889 |
1.009 |
0.890 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
51.052 |
56.189 |
61.588 |
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
Creditors for purchase of raw materials, stores and consumable spares |
1.552 |
1.617 |
1.745 |
|
Months' purchases : |
-- |
-- |
-- |
|
|
|
|
|
|
Sundry Creditors for Expenses |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans and Deposits |
0.000 |
0.000 |
0.000 |
|
Other than quasi-equity |
0.000 |
0.000 |
0.000 |
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
Advances Received from Customers |
0.000 |
0.000 |
0.000 |
|
Provision for taxation |
0.000 |
0.000 |
0.000 |
|
Others current Liabilities |
0.600 |
0.700 |
0.900 |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
5.002 |
5.438 |
6.099 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF ASSESSED BANK FINANCE FOR WORKING CAPITAL
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
||
|
|
|
|
|
|
1 Total Current Assets |
56.305 |
61.689 |
68.088 |
|
|
|
|
|
|
2 Other Current Liabilities [Other than bank borrowings] |
5.002 |
5.438 |
6.099 |
|
|
|
|
|
|
3 Working capital gap [WCG] |
51.303 |
56.250 |
61.989 |
|
|
|
|
|
|
4 Net Working Capital |
21.303 |
26.250 |
31.989 |
|
|
|
|
|
|
5 Assessed Bank Finance |
30.000 |
30.000 |
30.000 |
|
|
|
|
|
|
6 NWC to Current Assets % |
37.84 |
42.55 |
46.98 |
|
|
|
|
|
|
7 Bank Finance to TCA % |
53.28 |
48.63 |
44.06 |
|
|
|
|
|
|
8 Sundry Creditors to TCA % |
2.76 |
2.62 |
2.56 |
|
|
|
|
|
|
9 Other current Liability to Total Current assets % |
6.13 |
6.19 |
6.39 |
|
|
|
|
|
|
10 Inventory to Net sales (Days) |
-- |
-- |
-- |
|
|
|
|
|
|
11 Receivables to gross sales (Days) |
91 |
91 |
91 |
|
|
|
|
|
|
12 Sundry Creditors to purchases (Days) |
16 |
26 |
25 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
||
|
1. SOURCES |
|
|
|
|
a) Net profit (after tax) |
6.212 |
6.909 |
7.723 |
|
|
|
|
|
|
b) Depreciation |
0.435 |
0.370 |
0.315 |
|
|
|
|
|
|
c) Increase in Shares capital |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
d) - Increase in Term
Liabilities (Including Public Deposits) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
e) Decrease in: |
|
|
|
|
i) Fixed Assets |
0.507 |
0.435 |
0.370 |
|
ii) Other Non-current
Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
f) Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
g) TOTAL |
7.155 |
7.714 |
8.408 |
|
|
|
|
|
|
2. USES |
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
b) Decrease in – Term
Liabilities (including public deposits) |
0.203 |
0.032 |
0.000 |
|
|
|
|
|
|
c) Increase in: |
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
|
ii) depreciation
adjustment |
0.507 |
0.435 |
0.370 |
|
iii) Other Non-current
Assets |
0.511 |
2.300 |
2.300 |
|
|
|
|
|
|
d) Dividend Payments |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
e) Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
f) TOTAL |
1.221 |
2.767 |
2.670 |
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
5.934 |
4.947 |
5.738 |
|
|
|
|
|
|
4.
Increase/decrease in current assets*
(as per details given below) |
(6.927) |
5.136 |
5.399 |
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
(31.041) |
0.437 |
0.660 |
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
5.934 |
4.947 |
5.738 |
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
19.369 |
0.000 |
0.000 |
|
|
|
|
|
|
Increase/Decrease in Net Sales |
54.929 |
20.200 |
22.220 |
|
|
|
|
|
|
(Break-up
of -4) |
25.303 |
4.947 |
5.738 |
|
|
|
|
|
|
Increase/decrease in Raw Materials |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Stock in Process |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Finance Goods |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Scarp |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Receivable and
Debtors |
3.938 |
5.016 |
5.518 |
|
|
|
|
|
|
Increase/decrease in exp/ Inc. |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Stores and Spares |
-- |
-- |
-- |
|
|
|
|
|
|
Increase/decrease in Other Current Assets |
(10.865) |
0.120 |
(0.119) |
|
|
|
|
|
|
Increase
in Current Assets |
(6.927) |
5.136 |
5.399 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
Particulars |
2013-2014 |
|
|
INCOME FROM BUSINESS OR PROFESSION |
|
|
|
Net Profit as per P and L Account |
|
3.116 |
|
|
|
|
|
Add: Items Disallowed or Considered Separately |
|
|
|
Provision for Income Tax |
1.415 |
|
|
Provision for deferred tax |
0.047 |
|
|
Depreciation as per companies act, |
0.725 |
2.187 |
|
|
|
|
|
Book Profit |
|
5.303 |
|
|
|
|
|
Less: Items Allowed |
|
|
|
Depreciation as per Income Tax Act, 1961 |
|
0.572 |
|
|
|
|
|
TOTAL INCOME |
|
4.731 |
|
|
|
|
|
|
|
|
|
COMPUTATION OF
TAX |
||
|
Tax on Rs.4.731 Million |
|
1.419 |
|
Add: Education Cess
Tax |
|
0.043 |
|
|
|
1.462 |
|
|
|
|
|
Less: TDS |
|
2.434 |
|
|
|
|
|
Refundable |
|
(0.972) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR. MOHAMMAD KHURSHEED ALAMKHAN
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Location/
Address |
Purchases Cost |
Present Value |
Whether
Encumbered |
|
|
|
|
|
|
|
|
Flat / House |
-- |
B-3, Ganga Sagar
Society, Adajan Patiya, Surat |
0.225 |
40.000 |
Yes |
|
Other (Office) |
Jointly Held (1/2) |
M-72, Silver Spring, Adajan, Surat |
0.529 |
6.750 |
Yes |
|
|
|
|
|
|
|
|
|
|
Total |
|
46.750 |
|
MOVABLE
PROPERTY
INSURANCE POLICIES
|
Name of Company
and Branch |
Sum Assured |
|
LIC Policies |
0.435 |
|
Kotak Life Insurance |
0.080 |
|
|
|
|
Total |
0.515 |
TERM DEPOSITS
|
Term Deposit
Receipt No. |
Bank/ Branch
Name |
Maturity Amount |
|
|
|
|
|
FD |
Dena Bank |
Rs.2.706 Millions |
|
|
|
|
|
Total |
Rs.2.706
Millions |
|
VEHICLES
|
Type of Vehicles
|
Present Value |
|
Car (Beat) |
Rs.0.514 Million |
|
Car (Beat) |
Rs.0.367 Million |
|
|
|
|
Total |
Rs.0.881 Million |
CAPITAL INVESTED
IN BUSINESS
|
Ajwa Projects Private Limited |
Rs.1.800 Millions |
OTHER INVESTMENT /
ASSETS
|
Other Fixed Assets |
0.018 |
|
Sundry Debtors |
0.240 |
|
Loans and Advances |
8.742 |
|
Cash and Bank |
0.041 |
|
Other Assets |
0.361 |
|
|
|
|
Total |
9.402 |
DETAILS
OF LIABILITIES
AS BORROWER
|
Borrowed from |
Outstanding
Balance |
|
Allahabad Bank |
0.316 |
|
Dena Bank |
2.400 |
|
ICICI Bank |
0.676 |
|
Unsecured Loans |
8.809 |
|
Other Liabilities |
1.000 |
|
|
|
|
Total |
13.201 |
LEGAL HEIRS/ FAMILY
PARTICULARS
|
Name |
Relation |
Age |
Address |
|
Mrs. Zareenabegam Mohammad Khursheed Alamkhan |
Wife |
47 |
B-3, Ganga Sagar Society, Adajan Patoya, Rander, Surat – 395009,
Gujarat, India |
|
Ms. Heena Khan |
Daughter |
22 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MRS.
ZAREENABEGUM MOH. KHURSHEED ALAMKHAN
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Location/
Address |
Purchases Cost |
Present Value |
|
|
|
|
|
|
|
Residential |
|
Plot No.465, 466, 467, 468, Srinath Nagar |
0.220 |
14.000 |
|
Flat / House |
-- |
Dindoli |
1.857 |
18.000 |
|
Other (Office) |
|
M-72, Silver Spring, Adajan, Surat |
0.770 |
13.500 |
|
|
Jointly Held (1/2) |
M-72, Silver Spring, Adajan, Surat |
0.529 |
6.750 |
|
|
|
|
|
|
|
|
|
Total |
|
52.250 |
MOVABLE
PROPERTY
INSURANCE POLICIES
|
Name of Company
and Branch |
Sum Assured |
|
ICICI Pru. Life Insurance |
0.387 |
|
|
|
|
Total |
0.387 |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS / PPF/ NSC/ KVP/ IVP ETC.
|
Bond/
Certificate No. |
Face Value |
|
NSC |
0.020 |
|
|
|
|
Total |
0.020 |
CAPITAL INVESTED
IN BUSINESS
|
Ajwa Projects Private Limited |
Rs.2.050 Millions |
OTHER INVESTMENT /
ASSETS
|
Other Fixed Assets |
0.058 |
|
Sundry Debtors |
9.007 |
|
Loans and Advances |
1.500 |
|
Cash and Bank |
0.576 |
|
Other Assets |
3.112 |
|
|
|
|
Total |
14.253 |
DETAILS
OF LIABILITIES
AS BORROWER
|
Borrowed from |
Outstanding
Balance |
|
Allahabad Bank |
0.328 |
|
Unsecured Loans |
9.568 |
|
Sundry Creditors |
0.996 |
|
Provisions |
1.462 |
|
Other Liabilities |
0.141 |
|
|
|
|
Total |
12.495 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Relation |
Age |
Address |
|
Mr. Mohammad Khursheed Alamkhan
|
Husband |
57 |
B-3, Ganga Sagar Society, Adajan Patoya, Rander, Surat – 395009,
Gujarat, India |
|
Ms. Heena Khan |
Daughter |
22 |
------------------------------------------------------------------------------------------------------------------------------
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/ Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10309996 |
04/07/2012 * |
20,000,000.00 |
ALLAHABAD BANK |
ATHUGAR STREET, NANPURA,
SURAT - 395007, GUJARAT, |
B43200393 |
* Date of charge modification
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· A.C.
· Car
· Camera
· Computers
· T.V.
· Furniture and Fixtures
· Mobile Phones
· Welding Rectified
· Drying Oven
· Fire Extinguisher
· Heavy Machines
· Machinery
· Cycle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
|
|
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.81.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.