MIRA
INFORM REPORT
|
Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHRI INTERNATIONAL |
|
|
|
|
Registered
Office : |
402, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 (Provisional) |
|
|
|
|
Year of
Establishment : |
2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.436 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABQFS3736G |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Plastic Polymers. |
|
|
|
|
No. of Employees
: |
6 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having a moderate track.
The concern has incurred a loss during 2013. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The concern can be considered for business dealing with some cautions.
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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. Amit Patel |
|
Designation : |
Partner |
|
Contact No.: |
91-9825025265 |
|
Date : |
11.08.2014 |
LOCATIONS
|
Registered Office : |
402, Centre Plaza, Sattadhar Char Rasta, Bhuyangdev, Sola Road,
Ahmedabad – 380061, Gujarat, India |
|
Tel. No.: |
91-79-40029208/ 27475586 |
|
Mobile No.: |
91-9825025265 (Mr. Amit Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Amitbhai Dashratbhai Patel |
|
Designation : |
Partner |
|
Address : |
4, Sarvoday Nagar, Sola Road, Sola, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
39 years |
|
PAN No.: |
ABUPP1251D |
|
|
|
|
Name : |
Mr. Dhasharashbhai Prahladbhai Patel |
|
Designation : |
Partner |
|
Address : |
Sarvoday Nagar, Sola Road, Sola, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
67 years |
|
PAN No.: |
ABUPP1253B |
|
|
|
|
Name : |
Mr. Rameshbhai Prahladbhai Patel |
|
Designation : |
Director |
|
Address : |
20, Sarvoday Nagar, Sola Road, Sola, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
62 years |
|
PAN No.: |
ABUPP1255H |
|
|
|
|
Name : |
Mr. Tusharbhai Dashratbhai Patel |
|
Designation : |
Director |
|
Address : |
4, Sarvoday Nagar, Sola Road, Sola, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
44 years |
|
PAN No.: |
ABUPP1248C |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Plastic Polymers. |
|
|
|
|
Exports : |
|
|
Products : |
Plastic Polymers |
|
Countries : |
· Kenya · Uganda · Tanzania · Ethiopia |
|
|
|
|
Imports : |
|
|
Countries : |
· Saudi Arebia · Qatar · Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Advance Payment |
|
|
|
|
Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
· Brilliant Polymers Private Limited · Gaurav Agencies · Kandui Industries Private Limited · Olive Logistics |
|
|
|
|
Customers : |
Wholesalers and Retailers · Ashkal FZE · Asian Flexi Pack (India) Private Limited · Brilliant Polymers Private Limited · Eazy Bond Corporation · Flexi Pack · Indonet Plastic Industries · Knack Flexipack · Micro Seal Packaging · N Flex Systems · Purity Flexipack Limited · Sabar Flex Industries · Sahil Enterprise · Shri Overseas General Trading LLC · Texel Industries Limited · Texplast Industries Limited · Uma Converter Private Limited · Usha Multipack Private Limited · Usmani Packaging |
|
|
|
|
No. of Employees : |
6 (Approximately) |
|
|
|
|
Bankers : |
· Bank of Baroda Ground Floor, Shapath-3, Near GNPC Tower, Behind HDFC Bank, Bodak
DEV, S. G. Highway Road, Ahmedabad –
380054, Gujarat, India Contact No.: 91-79-26856163/ 6164 · Dena Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh M. Shah and Company Chartered Accountants |
CAPITAL STRUCTURE
(CAPITAL ACCOUNTS AS ON
31.03.2014 – PROVISIONAL)
(RS.
IN MILLIONS)
|
Particulars |
Amount |
|
Amitbhai D.
Patel |
0.846 |
|
Dashrathbhai P.
Patel |
1.593 |
|
Rameshbhai P.
Patel |
1.252 |
|
Tusharbhai D.
Patel |
0.745 |
|
|
|
|
Total |
Rs.4.436 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.436 |
3.836 |
4.290 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.163 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.599 |
3.836 |
4.290 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
3.787 |
0.400 |
5.817 |
|
|
TOTAL BORROWING |
3.787 |
0.400 |
5.817 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.386 |
4.236 |
10.107 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.156 |
0.094 |
0.120 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.727 |
0.964 |
1.377 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.952
|
3.177 |
3.352 |
|
|
Sundry Debtors |
2.540
|
(11.438) |
(9.315) |
|
|
Cash & Bank Balances |
0.599
|
0.141 |
0.321 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.293
|
11.194 |
14.311 |
|
Total
Current Assets |
10.384
|
3.074 |
8.669 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
2.141
|
0.000 |
0.141 |
|
|
Other Current Liabilities |
0.740
|
(0.104) |
(0.114) |
|
|
Provisions |
0.000
|
0.000 |
0.032 |
|
Total
Current Liabilities |
2.881
|
(0.104) |
0.059 |
|
|
Net Current Assets |
7.503
|
3.178 |
8.610 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9.386 |
4.236 |
10.107 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
25.404 |
0.479 |
3.365 |
|
|
|
Other Income |
0.261 |
0.279 |
1.325 |
|
|
|
TOTAL (A) |
25.665 |
0.758 |
4.690 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
22.776 |
0.460 |
3.140 |
|
|
|
Clearing and forwarding Expenses |
0.303 |
0.000 |
0.000 |
|
|
|
Freight Expenses A/c |
0.000 |
0.000 |
0.036 |
|
|
|
Insurance Expenses Export |
0.025 |
0.000 |
0.000 |
|
|
|
Advertisement Expenses A/c |
0.000 |
0.000 |
0.022 |
|
|
|
Audit Fee |
0.000 |
0.000 |
0.008 |
|
|
|
Bank Commission A/c |
0.010 |
0.000 |
0.002 |
|
|
|
Commission Expenses A/c
|
1.117 |
0.000 |
0.000 |
|
|
|
Godown Rent A/C |
0.000 |
0.000 |
0.064 |
|
|
|
Income-tax Expense A.Y. 2012-13 |
0.000 |
0.000 |
0.072 |
|
|
|
Office Expenses A/c |
0.020 |
0.016 |
0.030 |
|
|
|
Partner Interest |
0.000 |
0.000 |
0.199 |
|
|
|
Partner Remuneration |
0.000 |
0.000 |
0.560 |
|
|
|
Petrol Expenses A/c |
0.017 |
0.010 |
0.027 |
|
|
|
Postage Expenses A/c |
0.018 |
0.000 |
0.000 |
|
|
|
Professional Tax A/c |
0.002 |
0.002 |
0.002 |
|
|
|
Salary Expenses A/c |
0.116 |
0.018 |
0.228 |
|
|
|
Scooter Insurance |
0.001 |
0.001 |
0.000 |
|
|
|
Share Expenses A/c |
0.012 |
0.007 |
0.002 |
|
|
|
Share Loss A/c |
0.000 |
0.372 |
0.000 |
|
|
|
Stationery Expenses A/c |
0.006 |
0.003 |
0.004 |
|
|
|
Telephone Expenses A/c |
0.015 |
0.010 |
0.037 |
|
|
|
Vat Return and Audit Fees A/c |
0.004 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
24.442 |
0.899 |
4.433 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.223 |
(0.141) |
0.257 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.041 |
0.281 |
0.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.182 |
(0.422) |
0.213 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.019 |
0.032 |
0.029 |
|
|
|
|
|
|
|
|
|
|
NET
PROFIT/(LOSS) (E-F) (G) |
1.163 |
(0.454) |
0.184 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
4.53 |
(59.89) |
3.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.58 |
(94.78) |
5.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.03 |
(14.33) |
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
(0.12) |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.68 |
0.10 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.60 |
-29.56 |
146.93 |
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 |
4.290 |
3.836 |
4.436 |
|
Reserves & Surplus |
0.000 |
0.000 |
1.163 |
|
Net worth |
4.290 |
3.836 |
5.599 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
5.817 |
0.400 |
3.787 |
|
Total borrowings |
5.817 |
0.400 |
3.787 |
|
Debt/Equity ratio |
1.356 |
0.104 |
0.676 |
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 |
3.365 |
0.479 |
25.404 |
|
|
|
(85.765) |
5,203.549 |
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 |
3.365 |
0.479 |
25.404 |
|
Profit |
0.184 |
(0.454) |
1.163 |
|
|
5.47% |
(94.78%) |
4.58% |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 (Provisional) |
31.03.2013 |
|
|
(Rs. In Millions) |
|
|
Dhanendra A. Patel |
0.200 |
0.200 |
|
Dipak Ramanlal Vyas |
0.200 |
0.200 |
|
Patel Amit Dashrathbhai HUF |
0.609 |
0.000 |
|
Patel Manishbhai Baldevbhai HUF |
0.275 |
0.000 |
|
Patel Narendrabhai Baldevbhai HUF |
0.275 |
0.000 |
|
Rajeshbhao Karsanbhai Patel |
0.502 |
0.000 |
|
Shreeram Infrastructure |
1.608 |
0.000 |
|
TDS Payable A/c |
0.118 |
0.000 |
|
|
|
|
|
Total |
3.787 |
0.400 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
|
(Estimated) |
(Projections) |
|
|
|
|
|
Gross Income |
|
|
|
Sales (Net of Returns) |
|
|
|
Domestic Sales |
65.000 |
75.000 |
|
Export Sales |
25.000 |
25.000 |
|
Sub Total |
90.000 |
100.000 |
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
|
Net Sales: |
90.000 |
100.000 |
|
|
|
|
|
Other Income |
0.500 |
0.520 |
|
|
|
|
|
SUB TOTAL |
90.500 |
100.520 |
|
|
|
|
|
COST OF SALES: |
|
|
|
|
|
|
|
Purchases |
83.600 |
89.900 |
|
|
|
|
|
Other Trading Expenses |
1.600 |
1.800 |
|
(Carriage inward, Commission and Brokers on
Purchases) |
|
|
|
|
|
|
|
Sub Total: |
85.200 |
91.700 |
|
|
|
|
|
Add: Opening Stock |
1.990 |
5.500 |
|
Sub Total |
87.190 |
97.200 |
|
|
|
|
|
Deduct: Closing Stock in Process |
5.500 |
6.500 |
|
NET TOTAL |
81.690 |
90.700 |
|
|
|
|
|
GROSS PROFIT |
8.810 |
9.820 |
|
|
|
|
|
Selling, General and Administrative
Expenses |
3.000 |
3.200 |
|
|
|
|
|
Operating Profit (Before Interest and Depreciation) |
5.810 |
6.620 |
|
|
|
|
|
Interests |
1.000 |
1.100 |
|
Depreciation |
0.035 |
0.045 |
|
|
|
|
|
Operating Profit (After Interest and Depreciation) |
4.775 |
5.475 |
|
|
|
|
|
Add: Other Non-Operative Income: |
|
|
|
Interest ON FD |
0.000 |
0.000 |
|
Sub-Total (Income) |
0.000 |
0.000 |
|
|
|
|
|
Deduct: Other Non-Operating Expenses |
|
|
|
Preliminary Exp. W/off |
0.000 |
0.000 |
|
Loss on Foreign Exchange |
0.000 |
0.000 |
|
Sub-Total (Expenses) |
0.000 |
0.000 |
|
|
|
|
|
Net of Other Non-operating Income /
Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit Before Tax /
Loss |
4.775 |
5.475 |
|
|
|
|
|
Provision For Taxes |
0.700 |
0.900 |
|
|
|
|
|
NET Profit/Loss (PAT) |
4.075 |
4.575 |
|
|
|
|
|
Equity Dividend Paid |
0.000 |
0.000 |
|
Dividend Rate |
0.000 |
0.000 |
|
|
|
|
|
Retained Profit |
4.075 |
4.575 |
|
|
|
|
|
Retained Profit / Net Profit (%) |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2015 |
31.03.2016 |
|
|
(Estimated) |
(Projections) |
|
CURRENT LIABILITIES |
|
|
|
Short
term borrowings from bank (incl. Bills purchased, discounted and excess
borrowings placed on repayment basis) |
|
|
|
(i)
From applicant bank |
0.000 |
0.000 |
|
(ii)
From other banks |
30.000 |
30.000 |
|
(iii)
of which EP & BD |
0.000 |
0.000 |
|
|
|
|
|
Sub Total (A) |
30.000 |
30.000 |
|
|
|
|
|
Short
term borrowings from others |
0.000 |
0.000 |
|
|
|
|
|
Sundry
Creditors - Trade |
2.200 |
2.500 |
|
|
|
|
|
Advance payments from customers/ deposits
from dealers |
1.100 |
1.500 |
|
|
|
|
|
Provision
for Taxation |
0.700 |
0.900 |
|
|
|
|
|
Dividend
Payable |
0.000 |
0.000 |
|
|
|
|
|
Other
statutory liabilities (due
within one year) |
0.000 |
0.000 |
|
|
|
|
|
Deposits/Instalments
of term loan/DPGs/ Debentures etc. (Due
within one year) |
0.000 |
0.000 |
|
|
|
|
|
Other
current liabilities and Provisions (due
within one year) |
0.300 |
0.500 |
|
|
|
|
|
Sub Total (B) |
4.300 |
5.400 |
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
34.300 |
35.400 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
Debentures
(not maturing within one year) |
0.000 |
0.000 |
|
|
|
|
|
Preference
Shares (redeemable after one year) |
0.000 |
0.000 |
|
|
|
|
|
Term
loans (excluding instalments payable within one year) |
0.000 |
0.000 |
|
|
|
|
|
Unsecured Loans |
0.000 |
0.000 |
|
|
|
|
|
Differed
Payment Credits (excl.
instalments due within one year) |
0.000 |
0.000 |
|
|
|
|
|
Term
deposits (Repayable after one year) |
8.100 |
8.100 |
|
|
|
|
|
Other
term liabilities |
0.000 |
0.000 |
|
|
|
|
|
TOTAL TERM LIABILITIES |
8.100 |
8.100 |
|
|
|
|
|
TOTAL OUTSIDE LIABILITIES |
42.400 |
43.500 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Share
Capital |
6.000 |
10.075 |
|
|
|
|
|
General
Reserve |
0.000 |
0.000 |
|
|
|
|
|
Withdrawals |
0.000 |
0.000 |
|
|
|
|
|
Other
reserves (excluding provisions) |
0.000 |
0.000 |
|
|
|
|
|
Surplus
(+) or deficit (-) in Profit & Loss Account |
4.075 |
4.575 |
|
|
|
|
|
NET WORTH |
10.075 |
14.650 |
|
|
|
|
|
TOTAL
LIABILITIES |
52.475 |
58.150 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash
& Bank Balances |
4.270 |
4.545 |
|
|
|
|
|
Government
and other trustee securities |
0.100 |
0.150 |
|
Fixed Deposits with Banks |
0.000 |
0.000 |
|
|
|
|
|
Receivables
Other Than deferred and Export Receivables |
32.500 |
32.500 |
|
|
|
|
|
Inventories |
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
(a)
Imported |
0.000 |
0.000 |
|
(b)
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
(ii)
Stock-in-process |
5.500 |
6.500 |
|
|
|
|
|
(iii)
Other consumable stores |
|
|
|
(a)
Imported |
0.000 |
0.000 |
|
(b)
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Advance to suppliers of Raw materials and
stores/spares |
3.000 |
3.000 |
|
|
|
|
|
Advance
payment of taxes |
0.700 |
0.900 |
|
|
|
|
|
Other
current assets |
0.300 |
0.500 |
|
|
|
|
|
TOTAL CURRENT ASSET |
46.370 |
48.095 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross
Block (Land and Building Machinery Vehicles work-in-progress) |
0.230 |
0.250 |
|
|
|
|
|
Depreciation
to date |
0.125 |
0.170 |
|
|
|
|
|
NET BLOCK |
0.105 |
0.080 |
|
|
|
|
|
Investments/book
debts /advances deposits which are not current assets |
|
|
|
|
|
|
|
i.(a)Investments
in subsidiary companies/ affiliates |
0.000 |
0.000 |
|
(b)Others |
0.000 |
0.000 |
|
|
|
|
|
ii.
Advances to suppliers of capital goods and contractors |
0.000 |
0.000 |
|
|
|
|
|
iii.
Deferred receivables (Maturity
exceeding one year) |
0.000 |
0.000 |
|
|
|
|
|
iv.
Others |
0.000 |
0.000 |
|
|
|
|
|
Non
consumables stores & spare |
0.000 |
0.000 |
|
|
|
|
|
Other
non-current assets (incl. Dues from director) |
6.000 |
9.975 |
|
|
|
|
|
TOTAL OTHER NON-CURRENT ASSETS |
6.000 |
9.975 |
|
|
|
|
|
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
52.475 |
58.150 |
|
|
|
|
|
Tangible
net worth |
10.075 |
14.650 |
|
|
|
|
|
NET WORKING CAPITAL |
12.070 |
12.695 |
|
|
|
|
|
CURRENT
RATIO |
1.35 |
1.36 |
|
|
|
|
|
TOTAL OUTSIDE LIABILITIES / NET WORTH |
4.21 |
2.97 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
31.03.2015 |
31.03.2016 |
|
|
(Estimated) |
(Projections) |
|
A. CURRENT ASSETS: |
|
|
|
Raw materials (Including stores and other items
used in the process of manufacture) |
|
|
|
Imported |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
|
Indigenous |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
|
|
|
|
|
Other consumable spares |
|
|
|
Imported |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
|
Indigenous |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
|
|
|
|
|
Stocks-in-trade |
5.500 |
6.500 |
|
Months' cost of production |
-- |
-- |
|
|
|
|
|
Finished goods |
0.000 |
0.000 |
|
Months' cost of sales |
|
|
|
|
|
|
|
Government
Securities |
0.100 |
0.150 |
|
|
|
|
|
Receivables other than export and deferred
receivables (including bills purchased and discounted by bankers) |
32.500 |
32.500 |
|
Months' domestic sales |
4.33 |
3.90 |
|
|
|
|
|
Exports Receivable (Including bills
purchased and discounted) |
0.000 |
0.000 |
|
Months' export sales |
-- |
-- |
|
|
|
|
|
Advances payment of Tax |
3.000 |
3.000 |
|
|
|
|
|
Other current assets incl. cash and bank
balance and deferred receivables due within 1 year |
|
|
|
Loans and Advances |
0.300 |
0.500 |
|
Cash and Bank Balance |
4.270 |
4.545 |
|
Share Applicable Money |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.700 |
0.900 |
|
Others |
0.000 |
0.000 |
|
|
|
|
|
TOTAL CURRENT
ASSETS |
46.370 |
48.095 |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
(Other than bank borrowing for WC) |
|
|
|
Creditors for purchase of raw materials,
stores and consumable spares |
2.200 |
2.500 |
|
Months' purchases |
0.32 |
0.33 |
|
|
|
|
|
Advances from customers |
1.100 |
1.500 |
|
|
|
|
|
Provision for Taxation |
0.700 |
0.900 |
|
|
|
|
|
Statutory Liabilities |
0.000 |
0.000 |
|
|
|
|
|
Other current liabilities - Short Term
Borrowings, Unsecured Loans, Dividend Payable, Instalments of TL, DPG, Public
Deposits, Debentures etc.) |
0.300 |
0..500 |
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
4.300 |
5.400 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM
PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
|
(Estimated) |
(Projections) |
|
1. Total Current Assets |
46.370 |
48.095 |
|
|
|
|
|
2. Other Current Liabilities |
4.300 |
5.400 |
|
(Other than bank borrowing) |
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) |
42.070 |
42.695 |
|
|
|
|
|
4. Min. stipulated net working Capital i.e.
25% of WCG/25% of total current assets as the case may be depending upon the
method of lending being applied (Export receivables to be excluded under both
methods) |
11.593 |
12.024 |
|
|
|
|
|
5. Actual/Projected net working Capital |
12.070 |
12.695 |
|
|
|
|
|
6. Item 3 minus Item 4 |
30.478 |
30.671 |
|
|
|
|
|
7. Item 3 minus item 5 |
30.000 |
30.000 |
|
|
|
|
|
8. Maximum permissible bank finance (Item 6
or 7 whichever is lower) |
30.000 |
30.000 |
|
|
|
|
|
9. Excess borrowings representing Short
fall in NWC (4 - 5) |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
|
(Estimated) |
(Projections) |
|
SOURCES |
|
|
|
[a] Net profit |
4.075 |
4.575 |
|
[b] Depreciation |
0.035 |
0.045 |
|
[c] Increase in Capital |
0.430 |
0.00 |
|
[d] Increased in Term Liabilities (incl. Public deposits) |
6.039 |
0.000 |
|
[e] Decrease in |
|
|
|
[i] Fixed Assets |
0.000 |
0.000 |
|
[ii] Other non-current Assets |
0.000 |
0.000 |
|
[iii] Preliminary |
0.000 |
0.000 |
|
[f] Others |
0.000 |
0.000 |
|
[G] TOTAL |
10.579 |
4.620 |
|
|
|
|
|
USES |
|
|
|
[a] Net Loss |
0.000 |
0.000 |
|
[b] Decrease in Term Liabilities (Incl. Public deposits) |
0.000 |
0.000 |
|
[c] Increase in |
|
|
|
[i] Fixed Assets |
0.066 |
0.020 |
|
[ii] Other non-current Assets |
4.812 |
3.975 |
|
[iii] Non Tangible Assets |
0.000 |
0.000 |
|
[d] Dividend Payments |
0.000 |
0.000 |
|
[e] Others |
0.000 |
0.000 |
|
[F] TOTAL |
4.878 |
3.995 |
|
|
|
|
|
Long Term Surplus (+) /
Deficit (-) |
5.701 |
0.625 |
|
|
|
|
|
+ /
(-) in current assets * (
As per details given below) |
22.435 |
1.725 |
|
|
|
|
|
+ /
(-) in current Liabilities other than bank borrowings |
(13.266) |
1.100 |
|
|
|
|
|
+ /
(-) in working capital Gap |
35.701 |
0.625 |
|
|
|
|
|
Net Surplus (+) / deficit
(-) (Difference of 3 & 6) |
(30.000) |
0.000 |
|
|
|
|
|
+ /
(-) in Bank Borrowings |
30.000 |
0.000 |
|
|
|
|
|
INCREASE/ DECREASE
IN NET SALES |
64.596 |
10.000 |
|
|
|
|
|
Break-up of (4) |
|
|
|
Increase/
Decrease in Raw Materials |
0.000 |
0.000 |
|
Increase/ Decrease in Stock in Process |
3.510 |
1.000 |
|
Increase/ Decrease in Receivables |
17.076 |
0.000 |
|
Increase/ Decrease in Cash and Bank Balance Fixed Deposits with Bank Government Securities |
3.581 (0.519) 0.080 |
0.275 0.000 0.050 |
|
Increase/ Decrease in Advance to Suppliers Advance Payment of Taxes |
|
|
|
Increase/ Decrease in Storage and Spares |
|
|
|
Increase/ Decrease in Other Current Assets
|
(4.788) |
0.200 |
|
Sub-Total |
22.435 |
1.725 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR.
TUSHARBHAI D. PATEL
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTIES
|
Type of Property
|
Location |
Amount |
|
Agricultural Land |
Adalaj B. No.430 |
0.270 |
|
Agricultural Land |
Adalaj B. No.431 |
0.651 |
|
Agricultural Land |
Adalaj S. No.428 |
0.551 |
|
Agricultural Land |
Adalaj S. No.429 |
0.416 |
|
Agricultural Land |
Ambapur B No.423E |
0.112 |
|
Agricultural Land |
Bhadaj 311/A |
0.080 |
|
Agricultural Land |
Bhadaj 312 |
0.067 |
|
Agricultural Land |
Bilasiya B. No.102 |
1.721 |
|
Agricultural Land |
Bilasiya B. No.102 and 119 |
1.239 |
|
Agricultural Land |
Bilasiya B. No. 119 |
0.889 |
|
Agricultural Land |
Lavarpur 421/A |
0.625 |
|
Agricultural Land |
Nandoli B. No.139 |
0.045 |
|
Agricultural Land |
Nandoli B. No.257 |
0.288 |
|
Agricultural Land |
Sarghasan B. No.277/1 |
0.215 |
|
Agricultural Land |
Sarghasan B. No.277/2 |
0.238 |
|
Agricultural Land |
Tarapur 164 |
0.565 |
|
Plot of Land |
Dantali Owners Association Garden City 4 Plot A-426 |
0.403 |
|
Plot of Land |
Goverdhan Shilaj co-operative Housing Society Limited Plot 31 |
0.882 |
|
House |
Plesure Ville II |
0.011 |
|
House |
POR |
0.479 |
|
House |
Shaswat Bungalow Plot No.17 |
0.569 |
|
|
|
|
|
Total |
Rs.10.316
Millions |
|
MOVABLE PROPERTIES
|
LIC Policy Total Value |
Rs.1.805 Millions |
SHARES /
DEBENTURES ETC.
|
Name of Company |
No of Shares |
Current Market
Value |
|
Amarnath Co-operate Bank Limited |
60 |
0.002 |
|
Bonanza Portfolio Limited |
-- |
(0.008) |
|
|
|
|
|
Central bank of India |
63 |
0.006 |
|
Charms Industries limited |
2000 |
0.004 |
|
Hindalco Industries |
1000 |
0.166 |
|
Hindalco Industries |
428 |
0.041 |
|
JSW Steel Limited |
293 |
0.003 |
|
L and T Limited |
80 |
0.181 |
|
L and T Limited |
40 |
0.000 |
|
Panasonic AVC Network |
1000 |
0.029 |
|
Pentamedia Graphics |
1000 |
0.005 |
|
Rajeev Impex |
400 |
0.040 |
|
Reliance Industries Limited |
4 |
0.005 |
|
Reliance Power |
277 |
0.102 |
|
Saraspur Nagrik Co-Operative Bank Limited |
20 |
0.002 |
|
Share Purchases and Sales Future A/c |
-- |
0.096 |
|
Tata Consultancy Services |
28 |
0.034 |
|
Tata Teleservices Bonus Shares |
66 |
0.000 |
|
Tata Teleservices |
500 |
0.021 |
|
The Bhagyodaya Co-operative Bank limited |
83 |
0.008 |
|
The Karnavati Co-operative Bank Limited |
10 |
0.001 |
|
The Mehsana Nagrik Sahakari Bank Limited |
40 |
0.003 |
|
Zenith Health |
10000 |
0.005 |
|
|
|
|
|
Total |
0.746 |
|
TERM DEPOSITS
|
Fixed Deposit
Amount |
Rs.0.750 Million |
INVESTMENT IN GOVT.
SECURITIES LIKE BONDS/ NSC ETC.
|
Investment in PPF |
Rs.0.630 Million |
VEHICLES
|
Car Fortuner |
Rs.1.322 Millions |
|
Car Swift |
Rs.0.285 Million |
CAPITAL INVESTMENT
IN BUSINESS
|
Name of the Firm
|
Amount |
|
Shah Patel and Company |
0.057 |
|
Shreeram Infrastructure |
6.300 |
|
Shri Developers |
(2.427) |
|
Shri Infrastructure |
8.459 |
|
Shri International |
0.746 |
|
Shri Reality |
2.990 |
|
|
|
|
Total |
16.125 |
OTHER INVESTMENT (i.e.
Jewellery, Investment in other firm etc.)
|
Name of the Firm
|
Amount |
|
Shaswat Bungalow Furniture |
3.529 |
|
Rajpath Club Memberships |
0.125 |
|
Loans and Advance (Assets) |
16.025 |
|
Cash in Hand |
0.122 |
|
Bank Account |
0.544 |
|
Total |
20.345 |
|
TOTAL OF ALL
ASSETS |
RS.52.323
MILLIONS |
DETAILS
OF LIABILITIES
|
Liabilities other than to Banks and Financial Institution : Unsecured
Loans |
Rs.22.859 Millions |
|
TOTAL
LIABILITIES |
RS.22.859 MILLIONS
|
|
NETWORTH |
RS.29.464
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR.
AMITBHAI D. PATEL
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTIES
|
Type of Property
|
Location |
Amount |
|
House |
Abhilekh Flat A/2, 201 |
2.268 |
|
Agricultural Land |
Adalaj S. No.428 |
0.551 |
|
Agricultural Land |
Adalaj S. No.429 |
0.416 |
|
Agricultural Land |
Adalaj S. No.430 |
0.270 |
|
Agricultural Land |
Adalaj S. No.431 |
0.651 |
|
Agricultural Land |
Ambapur 423/E |
0.112 |
|
Agricultural Land |
Amiyapura S. No.110 |
0.119 |
|
Agricultural Land |
Aranya Farm Plot 18 |
0.162 |
|
Agricultural Land |
Bhadaj S. No.369, 365/5 B No.387 |
0.127 |
|
Agricultural Land |
Bilasiya B No.102 |
1.588 |
|
Agricultural Land |
Bilasiya B No.102 and 119 |
1.144 |
|
Agricultural Land |
Bilasiya B No.119 |
0.820 |
|
Agricultural Land |
Lavarpur 421/A |
0.625 |
|
Agricultural Land |
Sarghasan B No.277/1 |
0.215 |
|
Agricultural Land |
Sarghasan B. No.277/2 |
0.237 |
|
Agricultural Land |
Tarapur 164 |
0.500 |
|
Agricultural Land |
Uvarsad S. No.683/2 |
0.508 |
|
Plot of Land |
Dantali Owners Association Garden City 4 Plot A-426 |
0.443 |
|
Plot of Land |
Plesure Ville II Plot No.26 |
0.317 |
|
House |
Vasna Hadmatia B No.:29/3 |
0.625 |
|
|
|
|
|
Total Value |
Rs.11.698
Millions |
|
MOVABLE PROPERTIES
|
LIC Policy Total Value |
Rs.1.862 Millions |
SHARES /
DEBENTURES ETC.
|
Name of Company |
No of Shares |
Current Market
Value |
|
Amarnath Co-operate Bank Limited |
60 |
0.002 |
|
Bonanza Portfolio Limited |
-- |
(0.060) |
|
Central Bank of India |
63 |
0.006 |
|
Charms Industries limited |
1000 |
0.002 |
|
Essel Propack |
1000 |
0.025 |
|
E Star Infotech |
5000 |
0.001 |
|
Ganesh Benzo |
3500 |
0.039 |
|
Hinafil India |
35000 |
0.015 |
|
Hindalco |
1428 |
0.206 |
|
L and T Limited |
22 |
0.040 |
|
L and T Limited Bonus Shares |
11 |
0.000 |
|
Panasonic AVC Network |
1000 |
0.029 |
|
Petronet LNG Limited |
150 |
0.012 |
|
Rajeev Impex Private Limited |
400 |
0.040 |
|
Reliance Industries Limited |
4 |
0.004 |
|
Reliance Power |
227 |
0.057 |
|
SBI Home Finance |
2000 |
0.031 |
|
Share Purchases and Sales Future A/c |
-- |
0.059 |
|
Spicejet Limited |
500 |
0.029 |
|
Tata Teleservices Bonus Shares |
66 |
0.000 |
|
Tata Teleservices |
500 |
0.011 |
|
The Bhagyodaya Co-operative Bank limited |
63 |
0.006 |
|
Zenith Health |
6500 |
0.008 |
|
|
|
|
|
Total |
Rs.0.562 Million |
|
TERM DEPOSITS
|
Fixed Deposit
Amount |
Rs.1.000 Million |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS/ NSC ETC.
|
Investment in PPF |
Rs.0.630 Million |
VEHICLES
|
Car Innova |
Rs.0.470 Million |
|
Car Toyota Liva |
Rs.0.486 Million |
OTHER INVESTMENT
(i.e. Jewellery, Investment in other firm etc.)
|
Name of the Firm
|
Amount |
|
Karnavati Club Limited |
0.091 |
|
Loans and Advance (Assets) |
20.946 |
|
Cash in Hand |
0.158 |
|
Bank Account |
0.094 |
|
Total |
21.289 |
|
TOTAL OF ALL
ASSETS |
RS.37.997
MILLIONS |
DETAILS
OF LIABILITIES
|
Liabilities other than to Banks and Financial Institution : Unsecured
Loans |
Rs.19.007 Millions |
|
TOTAL
LIABILITIES |
RS.19.007
MILLIONS |
|
NETWORTH |
RS.18.990
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR.
DASHRATBHAI P. PATEL
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTIES
|
Type of Property
|
Location |
Amount |
|
House |
Abhilekh Flat A/2, 201 |
2.268 |
|
House |
Bungalows |
0.282 |
|
House |
Shaswat Bungalows |
0.570 |
|
Agricultural Land |
Hebatpur 86 |
0.095 |
|
Agricultural Land |
Shilaj B. No.1153 |
0.031 |
|
Agricultural Land |
Shilaj B. No.1264 |
0.075 |
|
Agricultural Land |
Tarapur 164 |
0.565 |
|
Agricultural Land |
Uvasad 683/2 |
0.509 |
|
|
|
|
|
Total Value |
Rs.4.395
Millions |
|
MOVABLE PROPERTIES
|
LIC Policy Total Value |
Rs.1.054 Millions |
|
Tata AIG Total Value |
Rs.1.200 Millions |
SHARES /
DEBENTURES ETC.
|
Name of Company |
No of Shares |
Current Market
Value |
|
Amar Remedies Limited |
1000 |
0.010 |
|
Bengal and Assam Company Limited |
5 |
0.000 |
|
Biopac India Share |
2500 |
0.057 |
|
Bonanza Portfolio Limited |
-- |
(0.070) |
|
Essel Propack Shares |
1000 |
0.045 |
|
ITI Limited |
1000 |
0.045 |
|
J K Laxmi Cement |
280 |
0.001 |
|
Panasonic AVC Network |
1000 |
0.029 |
|
Reliance Capital |
9 |
0.000 |
|
Reliance Communication Limited |
9 |
0.000 |
|
Reliance Energy |
9 |
0.000 |
|
Reliance Industries (Petro) |
93 |
0.331 |
|
Reliance Power (Natural) |
2 |
0.000 |
|
Reliance Power (Natural) |
500 |
0.188 |
|
Reliance Power |
27 |
0.007 |
|
Saraspur Nagrik Co-op Bank Limited |
1 |
0.000 |
|
Share Purchases and Sales Future |
-- |
0.060 |
|
Shri Chakra Cement Limited |
100 |
0.039 |
|
Tata Teleservices Limited |
1000 |
0.025 |
|
The Bhagyoday Co-operative Bank Limited |
250 |
0.000 |
|
The Kalupur Commercial Co-operative Bank Limited |
1 |
0.003 |
|
The Karnavati Co-op Bank Limited |
10 |
0.000 |
|
Zee Entertainment Bonus Shares |
227 |
0.003 |
|
Zee Entertainment |
227 |
0.000 |
|
Zee Learn Limited |
57 |
0.776 |
|
|
|
|
|
Total |
Rs.0.773 Million |
|
TERM DEPOSITS
|
Fixed Deposit
Amount |
Rs.1.604 Million |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS/ NSC ETC.
|
Investment in PPF |
Rs.0.630 Million |
VEHICLES
|
Skoda Car |
Rs.0.559 Million |
OTHER INVESTMENT
(i.e. Jewellery, Investment in other firm etc.)
|
Name of the Firm
|
Amount |
|
Shashwat Bungalow Furniture |
1.526 |
|
Loans and Advance (Assets) |
6.664 |
|
Cash in Hand |
0.104 |
|
Bank Account |
0.111 |
|
Total |
8.405 |
|
TOTAL OF ALL
ASSETS |
RS.18.620 MILLIONS |
DETAILS
OF LIABILITIES
|
Liabilities other than to Banks and Financial Institution : Unsecured
Loans |
Rs.11.413 Millions |
|
TOTAL
LIABILITIES |
RS.11.413 MILLIONS |
|
NETWORTH |
RS.7.207
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR.
DASHRATBHAI P. PATEL
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTIES
|
Type of Property
|
Location |
Amount |
|
Agricultural Land |
Ambapur 423/E |
0.112 |
|
Agricultural Land |
Hebatpur / B No.86 |
0.095 |
|
Agricultural Land |
Nandoli B No.139 |
0.075 |
|
Agricultural Land |
Nandoli B No.257 |
0.288 |
|
Agricultural Land |
Sarghasan B. No.277/1 |
0.215 |
|
Agricultural Land |
Sarghasan B. No.277/2 |
0.238 |
|
Agricultural Land |
Shilaj B No.1153 |
0.031 |
|
Agricultural Land |
Shilaj B No.1264 |
0.075 |
|
Agricultural Land |
Uvasad S. No.683/2 |
0.508 |
|
Shop |
Akshar Co-op Housing Society Limited, Millenium Plaza Shop |
0.233 |
|
House |
Bungalow |
0.678 |
|
Plot of Land |
Goverdhan (Shilaj) Co-operative Housing Society Limited, Plot No.31 |
0.882 |
|
-- |
New Anushree Owners Associates |
0.400 |
|
House |
Pleasure Ville II |
0.020 |
|
|
|
|
|
Total Value |
Rs.3.850
Millions |
|
MOVABLE PROPERTIES
|
LIC Policy Total Value |
Rs.2.682 Millions |
|
Tata AIG Total Value |
Rs.1.200 Millions |
SHARES /
DEBENTURES ETC.
|
Name of Company |
No of Shares |
Current Market
Value |
|
Adani Power |
1000 |
0.090 |
|
Bonanza Portfolio Limited |
-- |
0.000 |
|
ITI Share |
1000 |
0.045 |
|
Panaspnoc AVC Network |
1000 |
0.029 |
|
Rajeev Impex |
400 |
0.040 |
|
Reliance Capital Limited |
2 |
0.000 |
|
Reliance Communication Limited |
9 |
0.000 |
|
Reliance Communication Limited |
50 |
0.001 |
|
Reliance Industries Limited, Bonus Shares |
93 |
0.000 |
|
Reliance Industries Limited |
100 |
0.104 |
|
Reliance Industries Limited |
100 |
0.001 |
|
Reliance Industries (Petroleum) Limited |
93 |
0.328 |
|
Reliance Infrastructure Limited |
3 |
0.000 |
|
Reliance Power (Reliance Natural) |
250 |
0.094 |
|
Reliance Power |
12 |
0.000 |
|
Reliance Power |
25 |
0.007 |
|
Tata Teleservices |
2000 |
0.078 |
|
The Bhagyoday Co-operative Bank Limited |
10 |
0.001 |
|
The Kalupur Commercial Co-operative Bank Limited |
20 |
0.001 |
|
The Karnavati Co-operative Bank Limited |
10 |
0.001 |
|
|
|
|
|
Total |
Rs.0.820 Million |
|
TERM DEPOSITS
|
Fixed Deposit
Amount |
Rs.0.225 Million |
INVESTMENT IN
GOVT. SECURITIES LIKE BONDS/ NSC ETC.
|
Investment in PPF |
Rs.0.630 Million |
VEHICLES
|
Car Honda City |
Rs.0.488 Million |
CAPITAL INVESTMENT
IN BUSINESS
|
Name of the Firm
|
Amount |
|
Samrat Builders |
7.676 |
|
Shri International |
1.252 |
|
|
|
|
Total |
8.928 |
OTHER INVESTMENT (i.e.
Jewellery, Investment in other firm etc.)
|
Name of the Firm
|
Amount |
|
Karnavati Club Limited |
0.030 |
|
A C Purchase |
0.023 |
|
Loans and Advance (Assets) |
20.186 |
|
Cash in Hand |
0.145 |
|
Bank Account |
0.588 |
|
Total |
20.972 |
|
TOTAL OF ALL
ASSETS |
RS.39.795
MILLIONS |
DETAILS
OF LIABILITIES
|
Liabilities other than to Banks and Financial Institution : Unsecured
Loans |
Rs.2.681 Millions |
|
TOTAL
LIABILITIES |
RS.2.681
MILLIONS |
|
NETWORTH |
RS.37.114
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PART – I
QUESTIONNAIRE
|
GENERAL |
|
|
Purpose for which valuation is made |
To ascertain fair marketable and reasonable
value of the Property. This valuation Report is valid for loan purpose in
Bank of Baroda, SME |
|
|
|
|
Date as on which valuation is made |
17th July, 2014 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Rameshbhai Prahladbhai Patel and
Tusharbhai Dasrathbhai Patel |
|
|
|
|
If the Property is under joint ownership/
Co-ownership, shares of each such owner are the shares undivided? |
Ownership |
|
|
|
|
Brief Description of the Property |
The open plot is situated in pleasure
Villa-1 which is fast growing developing area. Pleasure Villa -1 is situated on Shilaj
Racharada Road and only approx. 2 km far away from the S.P. Ring Road. The
area of the plot is 794.97 sq. yard (664.71 sq. mtr.) |
|
|
|
|
Location, Street, Ward No.: |
31, Pleasure Villa -1, Near Ankur Farm,
Shilaj Rachrada Road, Shilaj, Ahmedabad |
|
|
|
|
Survey / Plot No. of Land |
Subplot No.31, Old Survey No.824, Block
No.1327 of Shilaj |
|
|
|
|
Is the property situated
in residential./ commercial/ mixed area/ industrial |
-- |
|
|
|
|
Classification
of locality high class |
Middle Class |
|
|
|
|
Proximity to
civic amenities like schools, hospitals, offices, market cinemas |
6 Km. far away |
|
|
|
|
Means and
Proximity to surface communication by which |
By Buses |
|
|
|
|
LAND |
|
|
Area of land
supported by documentary proof shape dimensions and physical features. |
794.97 sq. Yard (664.71 sq. mtr.) Shape: Rectangle |
|
|
|
|
Roads, Streets or
Lanes on which the land abutting. |
North: Common Plot South: Plot No.32 East: Farm of Rajnibhai Bidiwala West: Road |
|
|
|
|
Does the land
fall in an area included in any Town planning scheme or any development plan
of Government or any statutory body? If so, Given particulars. |
Layout Plan Approved. |
|
|
|
|
Has the whole or part of the land been
notified or acquisition by government or any statutory body? |
No |
|
|
|
|
IMPROVEMENTS |
|
|
Attach plans and elevations of all structures
standing on the land and a layout plan. |
Layout plan is approved by AUDA with Ref.
No. PRM/31/2/02/006306 on Dated: 06.05.2003 |
|
|
|
|
Is the Building Owner Occupied/ Tenanted /
Both? |
Occupied by Owner |
|
|
|
|
RENTS |
NOT APPLICABLE |
|
|
|
|
SALES: |
|
|
Give instances of sales of immovable
property in the locality on a separate sheet, indicating the name and address
of the property, registration no. sale price and area of land sold. |
Sale instances are not available |
|
|
|
|
Land rate adopted in this valuation |
Prevailing of market value of surrounding
area. |
|
|
|
|
If sale instances area not available or not
relied upon, the basis of arriving at the land rate |
By Local inquiry. |
|
|
|
|
VALUATION CHARGES |
|
|
Valuation Amount |
Rs.15.104 Millions |
|
|
|
|
First Rs.0.500 Millions (1/2%) |
0.003 |
|
Next Rs.1.000 Million (1/5%) |
0.002 |
|
Next Rs.4.000 Millions(1/10%) |
0.004 |
|
Remaining Rs.9.604 Millions (1/20%) |
0.005 |
|
Visit Charge |
0.000 |
|
|
|
|
Total |
0.014 |
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 records 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.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.