MIRA
INFORM REPORT
|
Report Date : |
18.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEVI TECHNOCRAFT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D/29, Adarsh – II, Industrial Estate, Behind Ashish, Manglam Cinema,
Near Odhav Samshan Gruh, Odhav, Ahmedabad – 382415, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.2010 |
|
|
|
|
Com. Reg. No.: |
04-063099 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29191GJ2010PTC063099 |
|
|
|
|
IEC No.: |
0812014375 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECD0118P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of various Softy
Ice-Cream Process Machines, Ice Cream
Vending Machines, Soft Serve Ice Cream Machines and Softy Ice Cream Machines
etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 seems to be a small business having moderate track. Its scale
of activities are limited. The Company possesses an acceptable financial profile marked by
minimal capital base as well as cash balance along with muted debt protection
metrics during the year under consideration. Management has reported a modest albeit sufficient revenue and profitability
during FY14. The ratings also take into consideration, the financial support
extended by promotes and affiliates which may further support the liquidity. Moreover, the managements success in forward integrating the
operations with regard to their air conditioning engineering business shows
the dedication and the qualities of the staff to diversify and extent their
products offerings. Trade relations seems to be fair. Business is active. Payment terms
are reported as slow but correct. In view of vast experience of the promoters, albeit the company being
in an embryonic stage it can be considered for business dealings with
caution. |
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. Jignesh V. Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9377740253 |
|
Date : |
11.08.2014 |
LOCATIONS
|
Registered Office : |
D/29, Adarsh – II, Industrial Estate, Behind Ashish, Manglam Cinema,
Near Odhav Samshan Gruh, Odhav, Ahmedabad – 382415, Gujarat, India |
|
Tel. No.: |
91-79-22870029 |
|
Mobile No.: |
91-9377740253 (Mr. Jignesh V. Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : Proposed (Under Construction) |
Block No.225/P, Plot No.26 and 27 Prayosha Industrial Park, At Village
Vamali, Taluka: Mahemdavad, Kheda, Gujarat,
India |
|
Location : |
Owned |
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Jignesh Vinodchandra Shah |
|
Designation : |
Director |
|
Address : |
359/20, Jasvant Colony, Opposite Vahelal society, Naroda, Ahmedabad –
382330, Gujarat, India |
|
Date of Birth/Age : |
21.07.1978 |
|
Qualification : |
IIT From Ahmedabad |
|
Experience : |
13 Years |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03296111 |
|
|
|
|
Name : |
Mr. Milendra Ambalal Patel |
|
Designation : |
Director |
|
Address : |
66, Jaymangal Park Society, Opposite Surajbag Society, Hatkeshwar Bhaipura
Road, Maninagar, Ahmedabad, India |
|
Date of Birth/Age : |
15.03.1976 |
|
Qualification : |
Diploma Mechanical Engineering |
|
Experience : |
15 Years |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03271964 |
|
|
|
|
Name : |
Mr. Bhavesh Himmatlal Gajjar |
|
Designation : |
Director |
|
Address : |
B-23, Shri Hari Twin Bungalows, Near Shrinand Tenament, Vastral Road,
Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
13.09.1975 |
|
Qualification : |
B. Com |
|
Experience : |
5 Years |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AIHPG4148A |
|
Mobile No.: |
91-8511021552 |
|
DIN No.: |
03271944 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Name of
Shareholders |
No of
Shares |
Percentage |
|
|
|
|
|
Jignesh Vinodchandra Shah |
3300 |
33.00 |
|
Milendra Ambalal Patel |
3400 |
34.00 |
|
Bhavesh Himmatlal Gajjar |
3300 |
33.00 |
|
|
|
|
|
Total
|
10000 |
100.00 |
(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 : |
Manufacturer and Exporter of various Softy
Ice-Cream Process Machines, Ice Cream
Vending Machines, Soft Serve Ice Cream Machines and Softy Ice Cream Machines
etc. |
GENERAL INFORMATION
|
Suppliers : |
· Air Express Services · Bharat Sanchar Nigam Limited · India Trade Promotion Organisation · Mod Interiors Private Limited · Nilesh H. Gajjar · Shree Sainath Consultancy · Torrent Powder Limited · Aditya Glass · Arihant Trading Company · Arya Tech Solutions Private Limited · Bhavina Cooling Systems · Gayatri Engineering Company Private Limited · Mangalbhai and Brothers · Mukesh Trading Company · Shree Rang Engineering Company · International Equipment Company · J. Khushaldas and Company · L. N. Engineering Works Private Limited · Rexnord Electronics and Controls Limited · Vishwakarma Engineers |
|
|
|
|
Customers : |
Wholesalers and Retailers · Choice Fast Food · Shree Additives (Pharma and Foods) Limited · Usha Breco Limited (Ambaji) · Bhimboys Cold Foods · Gurukrupa Foods · Honey Enterprises · MOI Retail Private Limited · Sai Cymps Associates · Sonal Foods · SSS Traders · Swathi Hospitality Services Private Limited · Unnati Foods and Beverages |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· Bank of Baroda Gita Mandir Branch, Bhulabhai Park, Char Rasta, Gita Mandir, Ahmedabad – 380022, Gujarat, India Email: gitama@bankofbaroda.com |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ankit Gajjar and Associates Chartered Accountants |
|
Address : |
19, Ramvihar Society, Near Corner Flats, Narayannagar Road, Paladi,
Ahmedabad – 380007, Gujarat, India |
|
Mobile No.: |
91-9998494429 |
|
Email: |
|
|
Membership No.: |
126467 |
|
Firm Registration
No.: |
130627Q |
|
|
|
|
Associates/Subsidiaries : |
·
Devi
Air Conditioning Engineering A/52, Adarsh Industrial Estate – II, Near Odhav Samshan Gruh, Odhav,
Ahmedabad – 382415, Gujarat, India Line of Business: Manufacturing and Trading of Ice-Cream Softy
Machines and Its Allied Spare Parts. |
CAPITAL STRUCTURE
(AFTER 27.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
(AS ON 27.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.344 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.444 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.196 |
|
|
TOTAL BORROWING |
|
|
1.196 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.640 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.753 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.913 |
|
|
Sundry Debtors |
|
|
0.168 |
|
|
Cash & Bank Balances |
|
|
1.276 |
|
|
Other Current Assets |
|
|
0.047 |
|
|
Loans & Advances |
|
|
0.081 |
|
Total
Current Assets |
|
|
4.485 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
3.692 |
|
|
Other Current Liabilities |
|
|
(0.081) |
|
|
Provisions |
|
|
0.003 |
|
Total
Current Liabilities |
|
|
3.614 |
|
|
Net Current Assets |
|
|
0.871 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.640 |
|
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
0.129 |
0.000 |
|
(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) |
|
0.229 |
0.100 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.121 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.003 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.124 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
2.375 |
0.000 |
|
(c) Other current
liabilities |
|
1.211 |
0.005 |
|
(d) Short-term provisions |
|
0.054 |
0.00 |
|
Total Current Liabilities (4) |
|
3.640 |
0.005 |
|
|
|
|
|
|
TOTAL |
|
3.993 |
0.105 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.056 |
0.000 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.050 |
0.000 |
|
(e) Other Non-current assets |
|
0.012 |
0.016 |
|
Total Non-Current Assets |
|
0.118 |
0.016 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1.950 |
0.000 |
|
(c) Trade receivables |
|
0.757 |
0.000 |
|
(d) Cash and cash
equivalents |
|
0.990 |
0.075 |
|
(e) Short-term loans and
advances |
|
0.173 |
0.000 |
|
(f) Other current assets |
|
0.005 |
0.014 |
|
Total Current Assets |
|
3.875 |
0.089 |
|
|
|
|
|
|
TOTAL |
|
3.993 |
0.105 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
15.397 |
|
|
|
Other Income |
|
|
0.028 |
|
|
|
TOTAL |
|
|
15.425 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
12.694 |
|
|
|
Direct Expenses |
|
|
0.961 |
|
|
|
Advertisement Expenses |
|
|
0.117 |
|
|
|
Bank Charges |
|
|
0.003 |
|
|
|
Bonus to Workers |
|
|
0.053 |
|
|
|
Computer Expenses |
|
|
0.003 |
|
|
|
Director Remuneration |
|
|
0.675 |
|
|
|
Employee Compensation Insurance Expenses |
|
|
0.032 |
|
|
|
Hotel Expenses |
|
|
0.006 |
|
|
|
Insurance Premium Payable |
|
|
0.030 |
|
|
|
Petrol and Fuel Expenses |
|
|
0.009 |
|
|
|
Postage and Courier Charges |
|
|
0.029 |
|
|
|
Professional Fee Paid |
|
|
0.029 |
|
|
|
Telephone Expenses |
|
|
0.002 |
|
|
|
Travelling Expenses |
|
|
0.246 |
|
|
|
Other Expenses |
|
|
0.321 |
|
|
|
TOTAL |
|
|
15.210 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.215 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
0.215 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
0.215 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
21.50 |
|
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue form Operations |
|
7.262 |
0.000 |
|
|
|
Other Income |
|
0.113 |
0.000 |
|
|
|
TOTAL (A) |
|
7.375 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Materials and
Components Consumed |
|
5.224 |
0.000 |
|
|
|
(Increase)/ Decrease in Inventories of Finished Goods,
Work in Progress and Traded Goods |
|
(0.736) |
0.000 |
|
|
|
Employees benefits expense |
|
0.645 |
0.000 |
|
|
|
Other Expenses |
|
2.055 |
0.000 |
|
|
|
TOTAL (B) |
|
7.188 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.187 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.187 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
0.186 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.057 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
0.129 |
0.000 |
|
|
|
|
|
|
|
|
|
|
EARNING IN
FOREIGN CURRENCY |
|
0.372 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
12.88 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.39 |
1.75 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.40 |
2.56 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.10 |
4.66 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.81 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.69 |
0.53 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.06 |
17.80 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.000 |
0.129 |
0.344 |
|
Net worth |
0.100 |
0.229 |
0.444 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.121 |
1.196 |
|
Total borrowings |
0.000 |
0.121 |
1.196 |
|
Debt/Equity ratio |
0.000 |
0.528 |
2.694 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
0.000 |
7.262 |
15.397 |
|
|
|
|
112.021 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
0.000 |
7.262 |
15.397 |
|
Profit |
0.000 |
0.129 |
0.215 |
|
|
|
1.78% |
1.40% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
From Directors and Shareholders and Relatives thereof |
1.196 |
0.121 |
|
|
|
|
|
Total |
1.196 |
0.121 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTION
OF PROFITABILITY AND FINANCIAL POSITION
(RS.
IN MILLIONS)
COST OF PROJECT
AND MEANS OF FINANCE
|
PARTICULARS |
Amount
(Rs.
in Millions) |
|
COST OF PROJECT |
|
|
1.
Land and Side Development |
1.204 |
|
2.
Factory Shed and Building |
6.200 |
|
3.
Plant and Machinery |
5.314 |
|
4.
Other Equipments / Furniture and Fixtures |
0.800 |
|
5.
Power, GEB, etc. |
0.400 |
|
6.
P & P Expenses |
0.000 |
|
7.
Contingencies |
0.082 |
|
Sub
Total |
14.000 |
|
8.
Margin for Working Capital |
0.500 |
|
TOTAL
(A) |
14.500 |
|
PARTICULARS |
Amount
(Rs.
in Millions) |
|
MEANS OF
FINANCE |
|
|
1. Promoter’s Contribution |
|
|
a)
Share Capital |
2.500 |
|
b)
Unsecured Loans |
2.500 |
|
c)
Internal Cash Accruals / Reserves / Conversion of
USL |
0.500 |
|
Sub
Total |
5.500 |
|
2. Term loans from Bank |
9.000 |
|
TOTAL
(B) |
14.500 |
|
BASIC
PARAMETERS |
|
|
a)
Promoter’s Contribution |
37.93% |
|
b)
Debt Equity Ratio |
1.64 |
|
c)
Assets Coverage Ratio |
1.56 |
|
d)
Average DSCR |
1.79 |
------------------------------------------------------------------------------------------------------------------------------
CREDIT
FACILITIES REQUESTED
|
PARTICULARS |
|
Amount
(Rs.
in Millions) |
|
|
|
PROPOSED |
|
(I) TERM LOAN :-
|
|
|
|
Shed and Purchase of Plant and Machinery |
|
9.000 |
|
|
|
|
|
(II) WORKING
CAPITAL :- |
|
|
|
Cash Credit – Stock cum Book-Debts Overdraft against Land and Building |
|
3.000 |
|
L/C and B.G., L/C and Bill Discounting |
|
0.000 |
|
|
|
|
|
Total (I) + (II) |
|
12.000 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
HIGHLIGHTS
(RS.
IN MILLIONS)
(A) PROFIT AND LOSS
ACCOUNT – AT A GLANCE
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
1.
Net Sales |
15.581 |
22.796 |
24.870 |
25.802 |
26.634 |
27.066 |
|
|
|
|
|
|
|
|
|
2.
Interest |
1.433 |
1.838 |
1.595 |
1.352 |
1.109 |
0.866 |
|
|
|
|
|
|
|
|
|
3.
PBT |
1.950 |
2.565 |
3.147 |
3.279 |
4.006 |
4.378 |
|
|
|
|
|
|
|
|
|
4.
PAT |
1.307 |
1.718 |
2.108 |
2.197 |
2.684 |
2.933 |
|
|
|
|
|
|
|
|
|
5.
Cash Accruals |
1.693 |
3.215 |
3.417 |
3.342 |
3.687 |
3.812 |
(B) KEY RATIO
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
1.
Total Outside Liability/ Tangible Networth |
3.33 |
2.36 |
1.54 |
1.05 |
0.70 |
0.49 |
|
|
|
|
|
|
|
|
|
2.
Total Outside Liability/ Tangible Networth with
Unsecured loans as Quasi – Equity |
1.32 |
1.08 |
0.74 |
0.51 |
0.32 |
0.21 |
|
|
|
|
|
|
|
|
|
3.
Current Ratio |
1.26 |
1.43 |
1.71 |
1.97 |
2.46 |
3.82 |
|
|
|
|
|
|
|
|
|
4.
Debt Service Coverage Ratio |
1.85 |
1.49 |
1.62 |
1.65 |
1.88 |
2.71 |
|
|
|
|
|
|
|
|
|
5.
Average DSCR GP to Total Income |
27.02% |
25.06% |
25.18% |
24.42% |
26.02% |
26.53% |
|
|
|
|
|
|
|
|
|
6.
NP Before Tax to Total Income |
12.52% |
11.25% |
12.65% |
12.71% |
15.04% |
16.17% |
|
|
|
|
|
|
|
|
|
7.
NP After Tax to Total Income |
8.39% |
7.54% |
8.48% |
8.52% |
10.08% |
10.84% |
|
|
|
|
|
|
|
|
|
8.
Net Cash Accrual to Total Income |
9.21% |
11.95% |
11.65% |
10.98% |
11.73% |
11.94% |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS ESTIMATES FOR THE YEAR ENDING ON 31ST
MARCH
(RS.
IN MILLIONS)
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
Projections |
||||||
|
Gross Sales |
|
|
|
|
|
|
|
a)
Sales Income |
18.382 |
26.894 |
29.341 |
30.441 |
31.422 |
31.932 |
|
b)
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
18.382 |
26.894 |
29.341 |
30.441 |
31.422 |
31.932 |
|
|
|
|
|
|
|
|
|
Less: Excise Duty and Sales Tax |
2.801 |
4.098 |
4.471 |
4.639 |
4.788 |
4.866 |
|
Add: Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Net Sales |
15.581 |
22.796 |
24.870 |
25.802 |
26.634 |
27.066 |
|
|
|
|
|
|
|
|
|
% Rise(+)/ Fall(-) in Net Sales as Comp. to Previous Year |
1.01% |
46.31% |
9.10% |
3.75% |
3.22% |
1.62% |
|
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
|
Raw Material (Including Stores and Spares) |
10.368 |
14.256 |
15.252 |
15.811 |
16.070 |
16.330 |
|
Other Auxiliaries, Sand, CO2, Gas, Foundaries |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Electricity Consumption (Power Cost) @ 2% of production |
0.500 |
0.800 |
0.873 |
0.905 |
0.935 |
0.950 |
|
Direct Labour (Factory Wages and Salaries) |
0.764 |
1.118 |
1.220 |
1.265 |
1.306 |
1.327 |
|
Other Manufacturing Expenses : Raw Material, Factory, Octroi and
Insurance, etc. |
0.316 |
0.463 |
0.505 |
0.524 |
0.541 |
0.550 |
|
Depreciation |
0.386 |
1.497 |
1.309 |
1.145 |
1.003 |
0.879 |
|
Sub Total |
12.335 |
18.133 |
19.158 |
19.651 |
19.855 |
20.035 |
|
|
79.17% |
79.55% |
77.03% |
76.16% |
74.55% |
74.02% |
|
Add: Opening Stock of WIP |
0.350 |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
|
Sub Total |
12.685 |
18.533 |
19.608 |
20.151 |
20.405 |
20.635 |
|
Deduct: Closing Stock of WIP |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
0.550 |
|
|
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
|
|
|
|
|
|
|
|
|
Cost of
Production: Sub Total |
12.285 |
18.083 |
19.108 |
19.601 |
19.805 |
19.985 |
|
|
|
|
|
|
|
|
|
|
78.84% |
79.33% |
76.83% |
75.97% |
74.36% |
73.84% |
|
Add: Opening Stock of Finished Goods |
2.086 |
3.000 |
4.000 |
4.500 |
4.600 |
4.700 |
|
Sub Total |
14.371 |
21.083 |
23.108 |
24.101 |
24.405 |
24.685 |
|
Deduct: Closing Stock of
Finished Goods |
3.000 |
4.000 |
4.500 |
4.600 |
4.700 |
4.800 |
|
Total Net Cost
of Sales |
11.371 |
17.083 |
18.608 |
19.501 |
19.705 |
19.885 |
|
|
72.98% |
74.94% |
74.82% |
75.58% |
73.98% |
73.47% |
|
|
0.914 |
1.000 |
0.500 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
0.827 |
1.210 |
1.320 |
1.370 |
1.414 |
1.437 |
|
|
5.31% |
5.31% |
5.31% |
5.31% |
5.31% |
5.31% |
|
|
|
|
|
|
|
|
|
Sub Total |
12.198 |
18.294 |
19.928 |
20.871 |
21.119 |
21.322 |
|
|
|
|
|
|
|
|
|
Operating Profit Before Interest |
3.383 |
4.502 |
4.942 |
4.931 |
5.515 |
5.744 |
|
O/P to sales ratio |
21.71% |
19.75% |
19.80% |
19.11% |
20.71% |
21.22% |
|
|
|
|
|
|
|
|
|
Interest on
Financial Charges |
1.433 |
1.838 |
1.595 |
1.352 |
1.109 |
0.866 |
|
a)
Term Loans |
1.013 |
1.063 |
0.820 |
0.577 |
0.334 |
0.091 |
|
b)
Working Capital – Fund based |
0.051 |
0.405 |
0.405 |
0.405 |
0.405 |
0.405 |
|
c)
Unsecured loans |
0.370 |
0.370 |
0.370 |
0.370 |
0.370 |
0.370 |
|
|
|
|
|
|
|
|
|
Operating Profit Before Interest |
1.950 |
2.665 |
3.347 |
3.579 |
4.406 |
4.878 |
|
|
|
|
|
|
|
|
|
Directors Remuneration / Interest
|
0.000 |
0.100 |
0.200 |
0.300 |
0.400 |
0.500 |
|
|
|
|
|
|
|
|
|
Add: Other
Non-Operating Income |
|
|
|
|
|
|
|
a)
Interest earned |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b)
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c)
|
|
|
|
|
|
|
|
Deduct: Other Non-Operating Expenses |
|
|
|
|
|
|
|
a) Preliminary Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Net: Other Non-Operating Income / Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit Before
Tax |
1.950 |
2.565 |
3.147 |
3.279 |
4.006 |
4.378 |
|
|
12.52% |
11.25% |
12.65% |
12.71% |
15.04% |
16.17% |
|
|
|
|
|
|
|
|
|
Provision for
tax |
0.644 |
0.846 |
1.038 |
1.082 |
1.322 |
1.445 |
|
|
|
|
|
|
|
|
|
Net Profit /
Loss |
1.307 |
1.718 |
2.108 |
2.197 |
2.684 |
2.933 |
|
|
8.39% |
7.54% |
8.48% |
8.52% |
10.08% |
10.84% |
|
|
|
|
|
|
|
|
|
Retained Profit |
1.307 |
1.718 |
2.108 |
2.197 |
2.684 |
2.933 |
|
|
|
|
|
|
|
|
|
Retained Profit/
Net Profit (%) |
100% |
100% |
100% |
100% |
100% |
100% |
|
|
|
|
|
|
|
|
|
PBDIT |
3.769 |
5.899 |
6.050 |
5.776 |
6.118 |
6.123 |
|
|
|
|
|
|
|
|
|
PBDIT /Net Sales
(%) |
24.19 |
25.88 |
24.33 |
22.39 |
22.97 |
22.62 |
|
|
|
|
|
|
|
|
|
Cash Accrual |
1.693 |
3.215 |
3.417 |
3.342 |
3.687 |
3.812 |
|
|
|
|
|
|
|
|
|
DSCR |
1.85 |
1.49 |
1.62 |
1.65 |
1.88 |
2.71 |
|
|
|
|
|
|
|
|
|
Average DSCR |
1.79 |
|||||
------------------------------------------------------------------------------------------------------------------------------
D.S.C.R.
CALCULATION
(RS.
IN MILLIONS)
|
Particulars |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
Total |
|
I. Cash Accrual |
|
|
|
|
|
|
|
|
Net Profit After Tax |
1.307 |
1.718 |
2.108 |
2.197 |
2.684 |
2.933 |
12.948 |
|
Depreciation |
0.386 |
1.497 |
1.309 |
1.145 |
1.003 |
0.879 |
6.219 |
|
Term Loan Interest |
1.013 |
1.063 |
0.820 |
0.577 |
0.334 |
0.091 |
3.898 |
|
|
|
|
|
|
|
|
|
|
Total Cash
Accrual |
2.706 |
4.278 |
4.237 |
3.919 |
4.021 |
3.903 |
23.065 |
|
|
|
|
|
|
|
|
|
|
II. Repayment
obligations |
|
|
|
|
|
|
|
|
Term loans – I, Installation |
0.450 |
1.800 |
1.800 |
1.800 |
1.800 |
1.350 |
9.000 |
|
Term Loan Interest |
1.013 |
1.063 |
0.820 |
0.577 |
0.334 |
0.091 |
3.898 |
|
|
|
|
|
|
|
|
|
|
Total
Obligations |
1.463 |
2.863 |
2.620 |
2.377 |
2.134 |
1.441 |
12.898 |
|
|
|
|
|
|
|
|
|
|
D.S.C.R. |
1.85 |
1.49 |
1.62 |
1.65 |
1.88 |
2.71 |
1.79 |
|
|
|
|
|
|
|
|
|
|
Average D.S.C.R. |
1.79 |
|
|||||
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
Projections |
||||||
|
LIABILITIES |
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Borrowings from banks (Including Bills purchased, discounted and excess borrowings placed on
repayment basis) |
|
|
|
|
|
|
|
(i) From Applicant Bank |
1.500 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
(ii) From Other Banks (IDBI Bank) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii) (Of which BP and BD) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Sub Total (A) |
1.500 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
|
Short Term Borrowings from Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Sundry Creditors (Trade) Local |
0.346 |
0.475 |
0.508 |
0.527 |
0.536 |
0.544 |
|
|
|
|
|
|
|
|
|
Sundry Creditors for Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advance Payment from Customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Divided Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Statutory Liabilities (Due within 1 Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Deposit / Installments of Term Loans/ DPGs/ Debenture (Due within 1
year) |
|
|
|
|
|
|
|
a) Term Loan – I from Bank of Baroda |
1.800 |
1.800 |
1.800 |
1.800 |
1.350 |
0.000 |
|
b) Car Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Current Liabilities and Provision (Due within 1 years) |
0.100 |
0.200 |
0.300 |
0.400 |
0.500 |
0.600 |
|
|
|
|
|
|
|
|
|
Sub Total |
2.246 |
2.475 |
2.608 |
2.727 |
2.386 |
1.144 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES
|
3.746 |
5.475 |
5.608 |
5.727 |
5.386 |
4.144 |
|
|
|
|
|
|
|
|
|
TERM LIABILITIES
|
|
|
|
|
|
|
|
Debentures (Not matured within 1 year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Preference Shares (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Term Loans (Exclusive Inst. Payable within one year) |
|
|
|
|
|
|
|
a) Term Loan – I from Bank of Baroda |
6.750 |
4.950 |
3.150 |
1.350 |
0.000 |
0.000 |
|
b) Car Loan – AMCO Bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Unsecured Loans |
3.696 |
3.696 |
3.696 |
3.696 |
3.696 |
3.696 |
|
|
|
|
|
|
|
|
|
Term Deposits (Repayment after 1 year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Term Liabilities: Creditors for Capital Expenditure |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
10.446 |
8.646 |
6.846 |
5.046 |
3.696 |
3.696 |
|
|
|
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
14.192 |
14.121 |
12.455 |
10.773 |
9.082 |
7.840 |
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Paid-up Share Capital A/c |
2.600 |
2.600 |
2.600 |
2.600 |
2.600 |
2.600 |
|
|
|
|
|
|
|
|
|
General Reserve |
0.129 |
0.129 |
0.129 |
0.129 |
0.129 |
0.129 |
|
|
|
|
|
|
|
|
|
Revaluation Reserve / Capital Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Reserves (Exclusive Provisions): Depreciation Fund A/c |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Surplus (+) or Deficit in Profit & Loss Account |
1.533 |
3.251 |
5.359 |
7.557 |
10.241 |
13.174 |
|
|
|
|
|
|
|
|
|
NETWORTH |
4.262 |
5.980 |
8.088 |
10.286 |
12.970 |
15.903 |
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
18.454 |
20.101 |
20.543 |
21.059 |
22.051 |
23.743 |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash & Bank Balance |
0.100 |
0.200 |
0.300 |
0.400 |
0.500 |
0.600 |
|
|
|
|
|
|
|
|
|
Investments (Other than Long Term Investments) |
|
|
|
|
|
|
|
(i) Government and Other Trustee Security |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii) FD with Bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
(i) Receivable other than deferred and exports (including bills
purchased and discounted by Bank) |
0.613 |
0.896 |
0.978 |
1.015 |
1.047 |
1.064 |
|
|
|
|
|
|
|
|
|
Installments of deferred Receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Inventory: |
|
|
|
|
|
|
|
(i) Raw Materials (Indigenous) |
0.568 |
0.831 |
0.907 |
0.941 |
0.971 |
0.987 |
|
(ii) Raw Materials (Imported) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii) WIP |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
0.650 |
|
(iv) Finished Goods |
3.000 |
4.000 |
4.500 |
4.600 |
4.700 |
4.800 |
|
(v) Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advances to suppliers of Raw Materials and Stores/ Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Current Assets |
0.024 |
1.472 |
2.415 |
3.755 |
5.438 |
7.726 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT
ASSETS |
4.705 |
7.850 |
9.600 |
11.261 |
13.257 |
15.828 |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
14.135 |
14.135 |
14.135 |
14.135 |
14.135 |
14.135 |
|
Depreciation to date |
0.386 |
1.883 |
3.192 |
4.337 |
5.340 |
6.219 |
|
Net Block |
13.748 |
12.252 |
10.943 |
9.798 |
8.795 |
7.916 |
|
Normal Capital Expenditure |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
|
Investments/
Book debts/ Advances/ Deposits which are not Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(i) (a) Investment in sub companies/ affairs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii) Advance-Suppliers, contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii) Deferred Receivable (Mat Ex. 1 Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iv) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Non-Consumable Stores/ Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Non-Current Assets including dues from Directors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Non-Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Intangible Assets (Goodwill, Preliminary Expenses, BD provided, etc.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
18.453 |
20.102 |
20.543 |
21.059 |
22.052 |
23.743 |
|
|
|
|
|
|
|
|
|
TANGIBLE NET
WORTH |
4.262 |
5.980 |
8.088 |
10.286 |
12.970 |
15.903 |
|
|
|
|
|
|
|
|
|
NET WORKING
CAPITAL |
0.959 |
2.375 |
3.992 |
5.534 |
7.871 |
11.683 |
|
|
|
|
|
|
|
|
|
Current Ratio (considering within 1 year payable T/L as current liability)
|
1.26 |
1.43 |
1.71 |
1.97 |
2.46 |
3.82 |
|
|
|
|
|
|
|
|
|
Total Outside Liabilities/ tangible Net worth |
3.33 |
2.36 |
1.54 |
1.05 |
0.70 |
0.49 |
|
|
|
|
|
|
|
|
|
Total Term Liabilities/ Tangible Net Worth |
2.45 |
1.45 |
0.85 |
0.49 |
0.28 |
0.23 |
|
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Networth with unsecured loans as
Quasi Equity |
1.32 |
1.08 |
0.74 |
0.51 |
0.32 |
0.21 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
Projections |
||||||
|
A. CURRENT ASSETS |
|
|
|
|
|
|
|
Raw Materials (Including stores and Other Items used in the process of manufacturer |
|
|
|
|
|
|
|
Imported |
0.568 |
0.831 |
0.907 |
0.941 |
0.971 |
0.987 |
|
- Month’s Consumption |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Other Consumable spares (excluding those included under item .above) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Work-in-Progress |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
0.650 |
|
Months cost of Production |
0.39 |
0.30 |
0.31 |
0.34 |
0.36 |
0.39 |
|
|
|
|
|
|
|
|
|
Finished Goods |
3.000 |
4.000 |
4.500 |
4.600 |
4.700 |
4.800 |
|
Months Cost of Sales |
2.92 |
2.65 |
2.82 |
2.81 |
2.84 |
2.87 |
|
|
|
|
|
|
|
|
|
Receivables other than export and deferred receivables (Including bills purchased and discounted by bank) |
0.613 |
0.896 |
0.978 |
1.015 |
1.047 |
1.064 |
|
Month’s bills purchased and discounted by bank |
0.40 |
0.40 |
0.40 |
0.40 |
0.40 |
0.40 |
|
|
|
|
|
|
|
|
|
Export Receivables (including bills purchased and discount) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Month’s exports sales |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Advances to Suppliers of Materials and stores/ Spares, consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other current Assets Cash and Bank Balance and deferred receivables due within one year |
0.124 |
1.672 |
2.715 |
4.155 |
5.938 |
8.326 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT
ASSETS |
4.705 |
7.850 |
9.600 |
11.261 |
13.257 |
15.828 |
|
|
|
|
|
|
|
|
|
B) CURRENT
LIABILITIES |
|
|
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchase of raw materials, stores and consumable spares |
0.346 |
0.475 |
0.508 |
0.527 |
0.536 |
0.544 |
|
Months' purchases: |
0.40 |
0.40 |
0.40 |
0.40 |
0.40 |
0.40 |
|
|
|
|
|
|
|
|
|
Creditors for expenses stores consumable spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' purchases: |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Advances received from Customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Current Liabilities (specify major items) Short Term Borrowings unsecured loans, dividend payable installments TL, DPG, public deposits, debentures, etc.) |
1.900 |
2.000 |
2.100 |
2.200 |
1.850 |
0.600 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES
|
2.246 |
2.475 |
2.608 |
2.727 |
2.386 |
1.144 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF ASSESSED BANK FINANCE FOR WORKING CAPITAL
(RS.
IN MILLIONS)
|
Particulars
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
Projections |
||||||
|
1. Total Current Assets (For Working Capital) |
4.705 |
7.850 |
9.600 |
11.261 |
13.257 |
15.828 |
|
|
|
|
|
|
|
|
|
2. Other Current Liabilities (Other than bank borrowings) |
2.246 |
2.475 |
2.608 |
2.727 |
2.386 |
1.144 |
|
|
|
|
|
|
|
|
|
3. Working capital gap (WCG) |
2.459 |
5.375 |
6.992 |
8.534 |
10.871 |
14.683 |
|
|
|
|
|
|
|
|
|
4. Minimum stipulated net capital i.e. 25% of NCG/ 25% of total
current assets as the case may depending upon the mean of lending being apply
(Export receivables excluded under both) |
1.176 |
1.962 |
2.400 |
2.815 |
3.314 |
3.957 |
|
|
|
|
|
|
|
|
|
5. Actual / Projected Net Working Capital (45 Form III) |
0.959 |
2.375 |
3.992 |
5.534 |
7.871 |
11.683 |
|
|
|
|
|
|
|
|
|
6. Item 3 - Item 4 |
1.283 |
3.412 |
4.592 |
5.718 |
7.557 |
10.726 |
|
|
|
|
|
|
|
|
|
7. Item 3 - Item 5 |
1.500 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
|
8. Maximum Permissible Borrowing Finance (Item 6 or 7 whichever is
lower) |
1.500 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
|
9. Excess Borrowings representing short fall in (4-5) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
VALUATION OF IMMOVABLE PROERPTY
Ref: WL – Branch
Name of the Applicant: Devi Technocraft Private Limited
Name of the property owner: Devi Air Conditioning Engineering
Property: Shed No. D/29, Adarsh (Odhav) Industrial Estate Co-operative Society
Limited, Adrash – II Industrial Estate, Behind Ashish Cinema, Odhav, Ahmedabad.
Valuation Summary:
|
Sr. No. |
Particulars Value: |
Amount (Rs. in millions) |
|
1 |
Market Value: |
2.038 |
|
2 |
Realization
Value: |
1.936 |
|
3 |
Distress Value: |
1.834 |
|
4 |
Insurance Value
of Construction part only: |
0.609 |
Purpose of the report: Traders Loan
Valuation Date: 23rd June, 2014.
Valuation done by:
Tushar Shah
Registration No:
CAT-1/536/ABD/CC-II/2008-2009
Report
of valuation of Immovable property
(Other
than agricultural lands, plantation, forests, mines and quarries)
PART-I
|
Name of registered valuer: Tushar Shah |
Registration
No.: CAT-1/536/ABD/CC-II/2008-2009 |
|
|
|
|
General: |
|
|
|
|
|
Purpose for which valuation is made |
For Traders
Loan. |
|
|
|
|
Date as on which valuation is made |
23rd
June, 2014 |
|
|
|
|
Name of the owner |
Devi Air
Conditioning Engineering |
|
|
|
|
If the property is under Joint ownership/ co-ownership,
share of each such purchaser are the shares undivided |
Co-Ownership |
|
|
|
|
Brief description of the Property |
This property is
an industrial shed in industrial estate. |
|
|
|
|
Location, Street, Ward No. |
Shed No. D/29, Adarsh (Odhav) Industrial
Estate Co-operative Society Limited, Adrash – II Industrial Estate, Behind
Ashish Cinema, Odhav, Ahmedabad |
|
|
|
|
Survey/ Plot No. of Land |
F.P. No.111 to
118 |
|
|
|
|
If the property situated in residential/
commercial/ mixed area/ industrial area? |
Industrial |
|
|
|
|
Classification of locality - high class/
middle class/ poor class |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, hospitals,
offices, market cinemas, etc. |
Within 5 Km. |
|
|
|
|
Means and Proximity to surface communication
by which the locality is served. |
Private |
|
|
|
|
Land: |
|
|
|
|
|
Roads, Streets or Lanes on which the land
abutting |
Behind Ashish Cinema,
Odhav |
|
|
|
|
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. |
T.P.S.-3 (Odhav)
|
|
|
|
|
Approved plan details. |
|
|
Passing Authority |
AMC |
|
File no and Rajachtthi no. |
0106/090104/30013/R1/M01
|
|
|
|
|
Improvements: |
|
|
|
|
|
Is the building owner-occupied/ tenanted/ both? |
Owner’s occupied
|
|
|
|
|
Sales: |
|
|
|
|
|
If sale instances are not available or not
relied upon, the basis of arriving at the land rate. |
Local Market
Survey |
|
|
|
|
Cost of
construction: |
|
|
|
|
|
Year of commencement of construction and year of completion. |
2005 and 2007 |
|
a) Present Age of Building |
7 Years |
|
b) Future Expected life of building |
53 Years |
BRIEF DESCRIPTION
Directions:
North: Shed No.: D/32
East: Shed No.: D/30
West: Shed No.: D/28
South: Estate Road and Shed No.: A/51 and A/52
General:
Ø
Industrial Estate is situated in
developed area
Ø
This
unit is a part of the industrial estate.
Ø
Industrial
Estate has planning for proper drainage and water supply.
Ø
Internal
infrastructure of the estate is very good.
Ø
All
life supporting necessaries are fulfilled within 5 km.
Type of Structure: Masonry Load bearing structure and R.C.C. work with extra height.
Type of Development: Industrial
Total No. of Floors: Ground plus mezzanine floor
Planning Details:
Ø
It
is a rectangular shape 16' height shed with R.C.C. slab and having office on
mezzanine floor.
Ø
One
w.c. and wash provided in each shed.
Specifications:
Ø
Shed
is floored with Kota and IPS.
Ø
Internal
wiring is made of conceal type.
Ø
Rolling shutter is provide for safety.
Ø
Back
side toilet provision is also provided.
Ø
Windows
with aluminum powder coating.
Ø
Enough light points are provided.
PART-II
After considering the Market
and Building's Condition, the Fair Market Value of Devi Air Conditioning
Engineering at Shed No. : D/29, Adarsh
(Odhav) Industrial Estate Co-operative Society Limited, Adarsh – II Industrial
Estate, Behind Ashish Cinema, Odhav, Ahmedabad is;
Area and Rate Calculation
|
Sr. No.1 |
Particular |
Area
in sq.mt. |
Rate
in Rs. per sq.mt. |
Amount
(Rs.in
millions) |
|
|
Land
area (56.97
sq. yds., 512.71 sq. fts.) |
47.65 |
30000.00 |
1.430 |
|
|
Built-up
area (63.27
sq. yds., 569.42 sq. fts.) |
52.92 |
11500.00 |
0.609 |
|
|
|
Current
Fair Value : |
2.038 |
|
|
|
|
Realisation
Value : |
1.936 |
|
|
|
|
Distress
Value : |
1.834 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION OF IMMOVABLE PROERPTY
Ref: WL – Branch
Name of the Applicant: Devi Technocraft Private Limited
Name of the property owner: Devi Air Conditioning Engineering
Property: Shed No. A/52, Adarsh (Odhav) Industrial Estate Co-operative
Society Limited, Adrash – II Industrial Estate, Behind Ashish Cinema, Odhav,
Ahmedabad
Valuation Summary:
|
Sr. No. |
Particulars Value: |
Amount (Rs. in millions) |
|
1 |
Market Value: |
1.719 |
|
2 |
Realization
Value: |
1.633 |
|
3 |
Distress Value: |
1.547 |
|
4 |
Insurance Value
of Construction part only: |
0.541 |
Purpose of the report: Traders Loan
Valuation Date: 23rd June, 2014.
Valuation done by:
Tushar Shah
Registration No:
CAT-1/536/ABD/CC-II/2008-2009
Report
of valuation of Immovable property
(Other
than agricultural lands, plantation, forests, mines and quarries)
PART-I
|
Name of registered valuer: Tushar Shah |
Registration
No.: CAT-1/536/ABD/CC-II/2008-2009 |
|
|
|
|
General: |
|
|
|
|
|
Purpose for which valuation is made |
For Traders
Loan. |
|
|
|
|
Date as on which valuation is made |
23rd
June, 2014 |
|
|
|
|
Name of the owner |
Devi Air
Conditioning Engineering |
|
|
|
|
If the property is under Joint ownership/
co-ownership, share of each such purchaser are the shares undivided |
Co-Ownership |
|
|
|
|
Brief description of the Property |
This property is
an industrial shed in industrial estate. |
|
|
|
|
Location, Street, Ward No. |
Shed No. A/52, Adarsh (Odhav) Industrial
Estate Co-operative Society Limited, Adrash – II Industrial Estate, Behind
Ashish Cinema, Odhav, Ahmedabad |
|
|
|
|
Survey/ Plot No. of Land |
F.P. No.111 to
118 |
|
|
|
|
If the property situated in residential/
commercial/ mixed area/ industrial area? |
Industrial |
|
|
|
|
Classification of locality - high class/
middle class/ poor class |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools,
hospitals, offices, market cinemas, etc. |
Within 5 Km. |
|
|
|
|
Means and Proximity to surface communication
by which the locality is served. |
Private |
|
|
|
|
Land: |
|
|
|
|
|
Roads, Streets or Lanes on which the land
abutting |
Behind Ashish
Cinema, Odhav |
|
|
|
|
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. |
T.P.S.-3 (Odhav)
|
|
|
|
|
Approved plan details. |
|
|
Passing Authority |
AMC |
|
File no and Rajachtthi no. |
0106/080104/30007/R1/M01
|
|
|
|
|
Improvements: |
|
|
|
|
|
Is the building owner-occupied/ tenanted/ both? |
Owner’s occupied
|
|
|
|
|
Sales: |
|
|
|
|
|
If sale instances are not available or not
relied upon, the basis of arriving at the land rate. |
Local Market
Survey |
|
|
|
|
Cost of
construction: |
|
|
|
|
|
Year of commencement of construction and year of completion. |
2005 and 2007 |
|
a) Present Age of Building |
7 Years |
|
b) Future Expected life of building |
53 Years |
BRIEF DESCRIPTION
Directions:
North: Estate Road and Shed No.: D/29 and
D/28.
East: Shed No.: A/51
West: Shed No.: A/53
South: Shed No.: A/16
General:
Ø
Industrial Estate is situated in
developed area
Ø
This
unit is a part of the industrial estate.
Ø
Industrial
Estate has planning for proper drainage and water supply.
Ø
Internal
infrastructure of the estate is very good.
Ø
All
life supporting necessaries are fulfilled within 5 km.
Type of Structure: Masonry Load bearing structure and R.C.C. work with extra height.
Type of Development: Industrial
Total No. of Floors: Ground plus mezzanine floor
Planning Details:
Ø
It
is a rectangular shape 16' height shed with R.C.C. slab and having office on
mezzanine floor.
Ø
One
w.c. and wash provided in each shed.
Specifications:
Ø
Shed
is floored with Kota and IPS.
Ø
Internal
wiring is made of conceal type.
Ø
Rolling shutter is provide for safety.
Ø
Back
side toilet provision is also provided.
Ø
Windows
with aluminum powder coating.
Ø
Enough light points are provided.
PART-II
After considering the
Market and Building's Condition, the Fair Market Value of Devi Air Conditioning
Engineering at Shed No.: A/52, Adarsh
(Odhav) Industrial Estate Co-operative Society Limited, Adarsh – II Industrial
Estate, Behind Ashish Cinema, Odhav, Ahmedabad is;
Area and Rate Calculation
|
Sr. No.1 |
Particular |
Area
in sq.mt. |
Rate
in Rs. per sq.mt. |
Amount
(Rs.in
millions) |
|
|
Land
area (47
sq. yds., 422.76 sq. fts.) |
39.29 |
30000.00 |
1.179 |
|
|
Built-up
area (56.22
sq. yds., 505.94 sq. fts.) |
47.02 |
11500.00 |
0.541 |
|
|
|
Current
Fair Value : |
1.719 |
|
|
|
|
Realisation
Value : |
1.633 |
|
|
|
|
Distress
Value : |
1.547 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Valuation
of |
Open Plot of Devi
Technocraft Private Limited, At: 26, Prayosha Industrial Estate, at: Varsola,
Taluka: Mahemdayad, District Kheda. |
|
|
|
|
Valuation
Amount |
Rs.1.728 millions |
|
|
|
|
Valuation
By |
Ar. Pankaj M. Kelawala 204,
Banker House,
Opposite Golden Triangle, S.P. Stadium Road, Navrangpura, Ahmedabad |
|
|
|
|
Name
of registered Valuer |
Mr. Pankaj
M. Kelawala |
|
|
|
|
Registration
No. |
CAT-1/425/2002-2003 |
|
|
|
|
PART-I |
|
|
|
|
|
General: |
|
|
|
|
|
Purpose for which valuation is made |
To ascertain fair marketable
and reasonable value of the property for loan purpose in Bank of Baroda. |
|
|
|
|
Date as on which valuation is made |
11th June, 2014 |
|
|
|
|
Name of the owner |
Devi Technocraft Private
Limited |
|
|
|
|
If the property is under Joint ownership/
co-ownership, share of each such purchaser are the shares undivided |
Ownership |
|
|
|
|
Brief description of the Property |
The open plot is Situated
near to Mahemdavad-Nadiyad Road, Which is fast growing developing area for
Industries. The area of the plot is 481.54 sq. mtr. (575.90 sq. yard) super
plot area. |
|
|
|
|
Location, Street, Ward No. |
26, Prayosha Industrial
Estate, at: Varsola, Taluka: Mahemdavad, District Kheda. |
|
|
|
|
Survey/ Plot No. of Land |
Block No.225, A/c. No.192
Paiki, Plot No.26 at Varsola, Taluka Mahemdavad, District Kheda. |
|
|
|
|
Classification of locality - high class/
middle class/ poor class |
Middle class |
|
|
|
|
Proximity to civic amenities like schools,
hospitals, offices, market cinemas, etc. |
11 km. far away |
|
|
|
|
Means and Proximity to surface communication
by which the locality is served. |
By Buses |
|
|
|
|
Land: |
|
|
|
|
|
Area
of land supported by: documentary proof shape, dimensions and physical
features. |
575.90 sq. yard (481.54
sq. mtr.) |
|
|
|
|
Road,
streets or lances on which the land is abutting |
North: 12 mtr. road and
than plot no.21 South: Block No. 225
paiki East: Plot No.25 West: Plot No.27 |
|
|
|
|
Improvements: |
|
|
|
|
|
Attach
plans and elevations of all structures standing on the land and a layout plan |
N.A. Permission is obtain
with Ref. No. LND/NA/SR/47/KLM-65/2012/1270 on dated 30.04.2012 |
|
|
|
|
Is the building owner-occupied/ tenanted/ both? |
Occupied by owner |
|
|
|
|
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 are not available or not
relied upon, the basis of arriving at the land rate. |
By Local Inquiry |
PART-II
The property under valuation
of Open Plot of Devi Technocraft Private Limited, at: 26, Prayosha Industrial
Estate, at: Varsola, Taluka: Mahemdavad, District Kheda on Block No.225, A/c.
No.192 Paiki, Plot No.26 at Varsola, Taluka Mahemdavad, District Kheda.
The area of plot is 481.54
sq. mtr. (575.90 sq. yard). The open plot is situated near to
Mahemdavad-Nadiyad road which is fast growing developing area for Industries.
Common plot is provided in the Industrial Estate. RCC road is provided. N.A.
Permission is obtain with Ref. No. LND/NA/SR/47/KLM-65/2012/1270
on dated 30.04.2012. The valuation is done to ascertain fair marketable and
realizable value of the property and is done by COMPARABLE SALES METHOD for
that to ascertain the rate an inquiry is done in the nearby plot and round
Rs.3,000/- per sq. yard. Plot area with the consideration of location.
|
1. Area of plot |
575.90 sq. yard (481.54 sq. mtr.) |
|
2. Rate of the Plot per sq. yard. |
Rs.3000.00 per sq. yard |
|
3. Marketable Value of the property (1x2) |
Rs.1.728 millions |
Total
valuation of property can be considered as on 11.06.2014 is Rs.1.728 millions
only.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Valuation
of |
Open Plot of Devi
Technocraft Private Limited, At: 27, Prayosha Industrial Estate, at: Varsola,
Taluka: Mahemdayad, District Kheda. |
|
|
|
|
Valuation
Amount |
Rs.1.643 millions |
|
|
|
|
Valuation
By |
Ar. Pankaj M. Kelawala 204,
Banker House,
Opposite Golden Triangle, S.P. Stadium Road, Navrangpura, Ahmedabad |
|
|
|
|
Name
of registered Valuer |
Mr. Pankaj
M. Kelawala |
|
|
|
|
Registration
No. |
CAT-1/425/2002-2003 |
|
|
|
|
PART-I |
|
|
|
|
|
General: |
|
|
|
|
|
Purpose for which valuation is made |
To ascertain fair
marketable and reasonable value of the property for loan purpose in Bank of
Baroda. |
|
|
|
|
Date as on which valuation is made |
22nd June, 2014 |
|
|
|
|
Name of the owner |
Devi Technocraft Private
Limited |
|
|
|
|
If the property is under Joint ownership/
co-ownership, share of each such purchaser are the shares undivided |
Ownership |
|
|
|
|
Brief description of the Property |
The open plot is Situated
near to Mahemdavad-Nadiyad Road, Which is fast growing developing area for
Industries. The area of the plot is 458.00 sq. mtr. (547.75 sq. yard) super
plot area. |
|
|
|
|
Location, Street, Ward No. |
27, Prayosha Industrial Estate,
at: Varsola, Taluka: Mahemdavad, District Kheda. |
|
|
|
|
Survey/ Plot No. of Land |
Block No.225, A/c. No.192
Paiki, Plot No.27 at Varsola, Taluka Mahemdavad, District Kheda. |
|
|
|
|
Classification of locality - high class/ middle
class/ poor class |
Middle class |
|
|
|
|
Proximity to civic amenities like schools,
hospitals, offices, market cinemas, etc. |
11 km. far away |
|
|
|
|
Means and Proximity to surface communication
by which the locality is served. |
By Buses |
|
|
|
|
Land: |
|
|
|
|
|
Area
of land supported by: documentary proof shape, dimensions and physical
features. |
547.75 sq. yard (458.00
sq. mtr.) |
|
|
|
|
Road,
streets or lances on which the land is abutting |
North: 12 mtr. road and than
plot no.21 South: Block No.225 paiki East: Plot No.26 West: Plot No.28 |
|
|
|
|
Improvements: |
|
|
|
|
|
Attach
plans and elevations of all structures standing on the land and a layout plan |
N.A. Permission is obtain
with Ref. No. LND/NA/SR/47/KLM-65/2012/1270 on dated 30.04.2012 |
|
|
|
|
Is the building owner-occupied/ tenanted/ both? |
Occupied by owner |
|
|
|
|
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 are not available or not
relied upon, the basis of arriving at the land rate. |
By Local Inquiry |
PART-II
The property under
valuation of Open Plot of Devi Technocraft Private Limited, at: 27, Prayosha
Industrial Estate, at: Varsola, Taluka: Mahemdavad, District Kheda on Block
No.225, A/c. No.192 Paiki, Plot No.27 at Varsola, Taluka Mahemdavad, District
Kheda.
The area of plot is 458.00
sq. mtr. (547.75 sq. yard). The open plot is situated near to
Mahemdavad-Nadiyad road which is fast growing developing area for Industries.
Common plot is provided in the Industrial Estate. RCC road is provided. N.A.
Permission is obtain with Ref. No. LND/NA/SR/47/KLM-65/2012/1270
on dated 30.04.2012. The valuation is done to ascertain fair marketable and
realizable value of the property and is done by COMPARABLE SALES METHOD for
that to ascertain the rate an inquiry is done in the nearby plot and round
Rs.3,000/- per sq. yard. Plot area with the consideration of location.
|
1. Area of plot |
547.75 sq. yard (458.00 sq. mtr.) |
|
2. Rate of the Plot per sq. yard. |
Rs.3000.00 per sq. yard |
|
3. Marketable Value of the property (1x2) |
Rs.1.643 millions |
Total
valuation of property can be considered as on 22.06.2014 is Rs.1.643 millions
only.
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF ASSETS AND LIABILITIES
MR. JIGNESH VINODCHANDRA
SHAH
DETAILS OF ASSETS:
DETAILS OF MOVEABLE PROPERTIES
(A) L.I.C. Policies
|
Policy
No. |
Date
of Issuance of Policy |
Sum
Assured (Rs.
in millions) |
Branch
Name |
Annual
Premium (Rs.
in millions) |
Premium
paid to what period |
Surrender
Value (Rs.
in millions) |
|
838327008 |
28.01.2013 |
0.100 |
Ahmedabad |
0.005 |
Till date |
0.005 |
|
837613904 |
15.12.2011 |
0.062 |
Ahmedabad |
0.003 |
Till date |
0.010 |
|
833876863 |
28.05.2003 |
0.100 |
Ahmedabad |
0.004 |
Till date |
0.045 |
|
833746960 |
28.10.1997 |
0.050 |
Ahmedabad |
0.000 |
Till date |
0.007 |
|
838332819 |
28.05.2013 |
0.300 |
Ahmedabad |
0.013 |
Till date |
0.015 |
|
838332665 |
28.05.2013 |
0.300 |
Ahmedabad |
0.013 |
Till date |
0.015 |
|
830357598 |
20.01.1994 |
0.010 |
Ahmedabad |
0.000 |
Till date |
0.006 |
|
834862524 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862525 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862526 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862527 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862528 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862529 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862530 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862531 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862532 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862533 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862534 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
834862535 |
26.09.2006 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
838327008 |
28.01.2013 |
0.100 |
Ahmedabad |
0.005 |
Till date |
0.010 |
|
838327009 |
28.01.2013 |
0.100 |
Ahmedabad |
0.005 |
Till date |
0.010 |
|
838327010 |
28.01.2013 |
0.100 |
Ahmedabad |
0.005 |
Till date |
0.010 |
|
838327012 |
28.01.2013 |
0.100 |
Ahmedabad |
0.004 |
Till date |
0.010 |
|
838326996 |
28.01.2013 |
0.100 |
Ahmedabad |
0.008 |
Till date |
0.016 |
|
Total |
|
|
|
|
|
0.399 |
B. Shares/ Debentures etc.
|
Name
of the Company |
Total
No. of Shares held |
Certificate
No./ DMAT A/c No. |
Total
Amount (Face
Value) |
Whether
Fully Paid (Yes/
No) |
Current
Market Value (Rs.
in millions) |
|
Devi Technocraft
Private Limited |
3300 |
-- |
Rs.10/- |
-- |
0.033 |
C. Term Deposits
|
FDR/RD
YSJY A/c No. |
Date |
Fvg. |
Amount (Rs.
in millions) |
Name
of Bank/ Branch |
Due
Date |
Maturity
Value (Rs.) |
|
Saving A/c |
01.04.14 |
-- |
0.070 |
HDFC Bank (09581530000136) |
-- |
-- |
Investment in Government Securities like Bonds/ NSC etc.
|
Bond
Certificate No. |
Date
of Purchase |
Issuing
Office/ Post Office Add. (Including Mutual Funds) |
Amount (Rs.
in millions) |
Fvg. |
Due
Date |
Maturity
Value (Rs.) |
|
--- Nil --- |
||||||
|
Details like Reg. No., type and value of
vehicle owned by him |
As shown in Firms balance sheet |
|
|
|
|
Capital invested in business |
Capita/ Deposits with -- |
|
|
|
|
Name of Firm/ Company (As on latest b/s date) |
a) Devi Airconditioning Engineering –
Rs.1.651 millions b) Devi Technocraft Private Limited –
Rs.0.071 million |
|
|
|
|
Full details of other investments if any
(i.e. Jewellery, Investment in other Firm, etc.) |
Gold and Silver – Rs.0.400 million Cash and Bank – Rs.0.300 million Other Assets – Rs.0.250 million |
|
|
|
|
Total of all assets |
Rs.3.174 millions |
|
|
|
|
DETAILS OF LOANS IN INDIVIDUAL NAME/ FIRMS
NAME/ COMPANY’S NAME: |
|
|
|
|
|
|
a) HDFC Bank Business Loan of Rs.0.730 million
b) Standard Chartered Bank Business Loan of Rs.0.507 million |
|
|
|
|
Purpose and amount of loan availed |
|
|
|
|
|
Security and repayment schedule/ Rate of
Interest |
|
|
|
|
|
Present Balance outstanding |
|
|
|
|
|
Liabilities other than to Bank and Financial
Institution/ s |
OTHER DETAILS:
Details of personal guarantee given for any
person/ firm. If so, furnish details (i.e. Name of the Bank/ Institution, on
whose behalf, amount of guarantee, present status of a/c etc.)
|
Name of Institution to whom Guarantee is given |
Name of person/ concern on whose behalf guarantee is given |
Amount of Guarantee given (Rs. in million) |
|
Bank of Baroda,
Gita Mandir Branch, Ahmedabad |
Devi
Airconditioning Engineering |
2.500 |
|
Fluerton India |
Devi
Airconditioning Engineering |
0.909 |
|
HDFC Bank,
Business Loan |
Personal name of
Mr. Jignesh V. Shah |
0.730 |
|
Standard
Chartered Bank, Business Loan |
Personal name of
Mr. Jignesh V. Shah |
0.507 |
PARTICULARS OF LEGAL HEIRS:
|
Sr.
No. |
Name |
Relationship |
Age |
|
1. |
Hinaben
Jigneshbhai Shah |
Wife |
34 Years |
NOMINATION PARTICULARS:
|
Sr.
No. |
Description
of Asset (Bank
Dep., Co. Dep., Terminal Benefits, etc.) |
Bank/
Organisation |
Account/
Certificate No. |
Amount |
|
|
At
Present |
At
Maturity |
||||
|
--- Nil --- |
|||||
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF ASSETS AND LIABILITIES
MR. BHAVESH H. GAJJAR
DETAILS OF ASSETS:
DETAILS OF IMMOVABLE PROPERTIES (HELD IN
OWN NAME / JOINT NAME)
|
Nature of Properties |
|
|
i) Plot of Land |
a) B-23, Shri
Hari Twin Bunglows, Near Shrinand Tenament, Vastral Road, Ahmedabad |
|
ii) Agricultural
Land |
|
|
iii) House |
|
|
iv) Others |
|
|
|
|
|
Location |
|
|
Survey/ House No.
|
Area 104.00 Sq.
mts |
|
Area/ Locality |
|
|
Village/ Town |
|
|
District |
|
|
|
|
|
Property in whose name? |
Own Name |
|
|
|
|
Cost (at the time of purchase) |
-- |
|
|
|
|
Present estimated market value of the
property/ ies |
Rs.5.000 millions
|
|
|
|
|
Whether encumbered/ un-encumbered/
partially encumbered. (If encumbered, give details viz. with whom, consideration
and major terms and conditions) |
Currently Home
Loan from ICICI Bank running for Rs.0.700 million |
DETAILS OF MOVEABLE PROPERTIES
(A) L.I.C. Policies
|
Policy
No. |
Date
of Issuance of Policy |
Branch
Name |
Annual
Premium (Rs.
in millions) |
Premium
paid to what period |
Surrender
Value (Rs.
in millions) |
|
835261470 |
06.12.2005 |
Ahmedabad |
0.008 |
Till date |
0.070 |
|
838300211 |
02.02.2013 |
Ahmedabad |
0.005 |
Till date |
0.005 |
|
838300212 |
02.02.2013 |
Ahmedabad |
0.004 |
Till date |
0.005 |
|
838300208 |
02.02.2013 |
Ahmedabad |
0.005 |
Till date |
0.006 |
|
838300209 |
02.02.2013 |
Ahmedabad |
0.005 |
Till date |
0.005 |
|
Total |
|
|
|
|
0.091 |
B. Shares/ Debentures etc.
|
Name
of the Company |
Total
No. of Shares held |
Certificate
No./ DMAT A/c No. |
Total
Amount (Face
Value) |
Whether
Fully Paid (Yes/
No) |
Current
Market Value (Rs.
in millions) |
|
Devi Technocraft
Private Limited |
3300 |
-- |
Rs.10/- |
-- |
0.033 |
C. Term Deposits
|
FDR/RD
YSJY A/c No. |
Date |
Fvg. |
Amount (Rs.
in millions) |
Name
of Bank/ Branch |
Due
Date |
Maturity
Value (Rs.) |
|
Saving A/c |
31.03.14 |
-- |
0.003 |
ICICI Bank (624401508119) |
-- |
-- |
Investment in Government Securities like Bonds/ NSC etc.
|
Issuing
Office/ Post Office Add. (Including Mutual Funds) |
Amount (Rs.
in millions) |
|
NSC |
0.020 |
|
Details like Reg. No., type and value of
vehicle owned by him |
Nil, As shown in Firms balance sheet |
|
|
|
|
Capital invested in business |
Capita/ Deposits with -- |
|
|
|
|
Name of Firm/ Company (As on latest b/s date) |
a) Devi Technocraft Private Limited –
Rs.0.025 million |
|
|
|
|
Full details of other investments if any
(i.e. Jewellery, Investment in other Firm, etc.) |
Gold and Silver – Rs.0.300 million Cash and Bank – Rs.0.200 million Other Assets – Rs.0.150 million |
|
|
|
|
Total of all assets |
Rs.5.802 millions |
|
|
|
|
DETAILS OF LOANS IN INDIVIDUAL NAME/ FIRMS
NAME/ COMPANY’S NAME: |
|
|
|
|
|
|
a) Currently running a Home Loan of Rs.0.723 million from ICICI Bank |
|
|
|
|
Purpose and amount of loan availed |
|
|
|
|
|
Security and repayment schedule/ Rate of
Interest |
|
|
|
|
|
Present Balance outstanding |
|
|
|
|
|
Liabilities other than to Bank and
Financial Institution/ s |
OTHER DETAILS:
Details of personal guarantee given for any
person/ firm. If so, furnish details (i.e. Name of the Bank/ Institution, on
whose behalf, amount of guarantee, present status of a/c etc.)
|
Name of Institution to whom Guarantee is given |
Name of person/ concern on whose behalf guarantee is given |
Amount of Guarantee given (Rs. in million) |
|
ICICI Bank, Home
Loan |
In the personal
name of Mr. Bhavesh H. Gajjar |
0.723 |
PARTICULARS OF LEGAL HEIRS:
|
Sr.
No. |
Name |
Relationship |
Age |
|
1. |
Mrs. Hetal B.
Gajjar |
Wife |
33 Years |
|
2. |
Master Jatan
Gajjar |
Son |
2 Years |
NOMINATION PARTICULARS:
|
Sr.
No. |
Description
of Asset (Bank
Dep., Co. Dep., Terminal Benefits, etc.) |
Bank/
Organisation |
Account/
Certificate No. |
Amount |
|
|
At
Present |
At
Maturity |
||||
|
--- Nil --- |
|||||
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF ASSETS AND LIABILITIES
MR. MILENDRA AMBALAL
PATEL
DETAILS OF MOVEABLE PROPERTIES
(A) L.I.C. Policies
|
Policy
No. |
Date
of Issuance of Policy |
Sum
Assured (Rs.
in millions) |
Branch
Name |
Annual
Premium (Rs.
in millions) |
Premium
paid to what period |
Surrender
Value (Rs.
in millions) |
|
833668137 |
25.02.2002 |
0.050 |
Ahmedabad |
0.003 |
Till date |
0.040 |
|
835261792 |
28.11.2005 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.025 |
|
833669329 |
15.07.2002 |
0.050 |
Ahmedabad |
0.002 |
Till date |
0.020 |
|
Total |
|
|
|
|
|
0.085 |
B. Shares/ Debentures etc.
|
Name
of the Company |
Total
No. of Shares held |
Certificate
No./ DMAT A/c No. |
Total
Amount (Face
Value) |
Whether
Fully Paid (Yes/
No) |
Current
Market Value (Rs.
in millions) |
|
Devi Technocraft
Private Limited |
3400 |
-- |
Rs.10/- |
-- |
0.034 |
C. Term Deposits
|
FDR/RD
YSJY A/c No. |
Date |
Fvg. |
Amount (Rs.
in millions) |
Name
of Bank/ Branch |
Due
Date |
Maturity
Value (Rs.) |
|
Saving A/c |
09.04.14 |
-- |
0.044 |
Axis Bank (911010040261443) |
-- |
-- |
Investment in Government Securities like Bonds/ NSC etc.
|
Issuing
Office/ Post Office Add. (Including Mutual Funds) |
Amount (Rs.
in millions) |
|
NSC |
0.020 |
|
Details like Reg. No., type and value of
vehicle owned by him |
Nil, As shown in Firms balance sheet |
|
|
|
|
Capital invested in business |
Capita/ Deposits with -- |
|
|
|
|
Name of Firm/ Company (As on latest b/s date) |
a) Devi Airconditioning Engineering –
Rs.1.297 millions b) Devi Technocraft Private Limited –
Rs.0.025 million |
|
|
|
|
Full details of other investments if any
(i.e. Jewellery, Investment in other Firm, etc.) |
Gold and Silver – Rs.0.350 million Cash and Bank – Rs.0.300 million Other Assets – Rs.0.200 million |
|
|
|
|
Total of all assets |
Rs.2.335 millions |
|
|
|
|
DETAILS OF LOANS IN INDIVIDUAL NAME/ FIRMS
NAME/ COMPANY’S NAME: |
|
|
|
|
|
|
a) Currently
running a Personal Loan of Rs.0.900 million from KMPL b) Current
running a Business Loan of Rs.0.630 million from HDFC. |
|
|
|
|
Purpose and amount of loan availed |
|
|
|
|
|
Security and repayment schedule/ Rate of
Interest |
|
|
|
|
|
Present Balance outstanding |
|
|
|
|
|
Liabilities other than to Bank and
Financial Institution/ s |
OTHER DETAILS:
Details of personal guarantee given for any person/
firm. If so, furnish details (i.e. Name of the Bank/ Institution, on whose
behalf, amount of guarantee, present status of a/c etc.)
|
Name of Institution to whom Guarantee is given |
Name of person/ concern on whose behalf guarantee is given |
Amount of Guarantee given (Rs. in million) |
|
Bank of Baroda,
Cita Mandir Road Branch, Ahmedabad. |
Devi
Airconditioning Engineering |
2.500 |
|
Fluerton India |
Devi
Airconditioning Engineering |
0.909 |
|
Kotak Mahindra Bank
Private Limited, Personal Loan |
In the personal
name of Mr. Milendra A. Patel |
0.900 |
|
HDFC Bank,
Business Loan |
In the personal
name of Mr. Milendra A. Patel |
0.630 |
PARTICULARS OF LEGAL HEIRS:
|
Sr.
No. |
Name |
Relationship |
Age |
|
1. |
Mrs. Pratixaben
Milendra Patel |
Wife |
33 Years |
NOMINATION PARTICULARS:
|
Sr.
No. |
Description
of Asset (Bank
Dep., Co. Dep., Terminal Benefits, etc.) |
Bank/
Organisation |
Account/
Certificate No. |
Amount |
|
|
At
Present |
At
Maturity |
||||
|
--- Nil --- |
|||||
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT / SMN |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.