MIRA INFORM REPORT
|
Report Date : |
17.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TAJ FOOD PRODUCTS |
|
|
|
|
Registered
Office : |
3259/2, Jordan Road, Near Lal Bava Tumba Police Chowki, Muslim Kumbhar
Gali, Dariyapur, Ahmedabad – 380001, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
19.06.2014 |
|
|
|
|
Year of
Establishment : |
1992 |
|
|
|
|
Capital Investment
: |
Rs. 3.681 Millions |
|
|
|
|
TIN No.: |
24070600764 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEFPS1819C |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Fruit Juice, Squash, Nectar, Crush, Jam, Jelly, Invert
Sugar and Natural Fruit and Flower Based Syrups. |
|
|
|
|
No. of Employees
: |
17 (Approximately) [In Office: 5 + In Factory: 12] |
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 : |
Small Business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small proprietorship concern in its field. Its scale of
activities are limited. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The concern can be considered for small business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Vijay S. Melwani |
|
Designation : |
Chartered Accountants |
|
Contact No.: |
91-9824086776 |
|
Date : |
13.12.2014 |
LOCATIONS
|
Registered Office/ Factory 1: |
3259/2, Jordan Road, Near Lal Bava Tumba Police Chowki, Muslim Kumbhar
Gali, Dariyapur, Ahmedabad – 380001, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825559786 (Mr. Hidayatulla Ahmedmiya Shaikh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No. 417, Engineering Estate, GIDC, Sector 28, Gandhinagar,
Gujarat, India |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Hidayatulla Ahmedmiya Shaikh |
|
Designation : |
Proprietor |
|
Address : |
Flat No. B-6, Amtul Park Flats, Muslim Society, Navrangpura, Ahmedabad
– 380009, Gujarat, India |
|
Date of Birth/Age : |
15.08.1969 |
|
Qualification : |
B. Com. |
|
Experience : |
30 Years |
|
PAN No.: |
AEFPS1819C |
KEY EXECUTIVES
|
Name : |
Mr. Vijay S. Melwani |
|
Designation : |
Chartered Accountants |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fruit Juice, Squash, Nectar, Crush, Jam, Jelly, Invert
Sugar and Natural Fruit and Flower Based Syrups. |
|
|
|
|
Brand Names : |
· TAJ · HIDAYTULLA |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed
Capacity |
|
|
|
|
|
Natural Fruits, Flower Based Drinks and Syrups |
Liters |
5000 Per Day |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
Wholesalers, Retailers and Others
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
17 (Approximately) [In Office: 5 + In Factory: 12] |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
|
||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Nawab and Company Chartered Accountants |
|
Address : |
4195, Kothi Mohalla, Near Electricity House, Lal Darwaja, Ahmedabad,
Gujarat, India |
|
Tel. No.: |
91-79-25506554 |
|
Mobile No.: |
91-9427357016 |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
New Taj
Colddrink and Restaurant (Owned by the Mother of Applicant) Address: 3392, Jordan Road, Near Lal Bava Tumba Police Chowki, Muslim
Kumbhar Gali, Dariyapur, Ahmedabad – 380001, Gujarat, India Line of Business: Retail Outlet of Taj Food Products and Restaurant,
Ice-cream and Cold Drinks. |
CAPITAL STRUCTURE
As on 19.06.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 3.681 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 3.681
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 |
01.04.2014 –
19.06.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
|
1] Proprietors Capital |
3.681 |
2.503 |
2.245 |
2.012 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
(0.048) |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.633 |
2.503 |
2.245 |
2.012 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
4.862 |
0.275 |
0.275 |
0.275 |
|
|
TOTAL BORROWING |
4.862 |
0.275 |
0.275 |
0.275 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
8.495 |
2.778 |
2.520 |
2.287 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.011 |
0.011 |
0.014 |
0.019 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
0.386
|
0.456
|
0.370 |
0.192 |
|
|
Sundry Debtors |
0.181
|
0.000
|
0.030 |
0.215 |
|
|
Cash & Bank Balances |
0.908
|
1.287
|
1.080 |
0.821 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.049
|
1.049
|
1.049 |
1.049 |
|
Total
Current Assets |
8.525
|
2.792
|
2.529 |
2.277 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
0.016
|
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.025
|
0.025
|
0.023 |
0.009 |
|
Total
Current Liabilities |
0.041
|
0.025
|
0.023 |
0.009 |
|
|
Net Current Assets |
8.484
|
2.767
|
2.506 |
2.268 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
8.495 |
2.778 |
2.520 |
2.287 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.04.2014 –
19.06.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
0.375 |
1.337 |
1.052 |
1.091 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.375 |
1.337 |
1.052 |
1.091 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
0.232 |
0.829 |
0.626 |
0.754 |
|
|
|
Computer Repairing Expenses |
0.000 |
0.001 |
0.000 |
0.000 |
|
|
|
Electric Burning Expenses |
0.000 |
0.017 |
0.016 |
0.011 |
|
|
|
Insurance Expenses |
0.000 |
0.002 |
0.000 |
0.001 |
|
|
|
Consultant Fees Expenses |
0.102 |
0.000 |
0.000 |
0.000 |
|
|
|
Document Charges Expenses |
0.029 |
0.000 |
0.000 |
0.000 |
|
|
|
License Fees Expenses |
0.008 |
0.007 |
0.000 |
0.000 |
|
|
|
Packing Material Expenses |
0.000 |
0.008 |
0.014 |
0.000 |
|
|
|
Salary Expenses |
0.004 |
0.027 |
0.000 |
0.072 |
|
|
|
Tea and Refreshment Expenses |
0.003 |
0.017 |
0.017 |
0.016 |
|
|
|
Vakil Fees Expenses |
0.000 |
0.003 |
0.006 |
0.003 |
|
|
|
VAT Expenses |
0.045 |
0.000 |
0.000 |
0.000 |
|
|
|
Vehicle Expenses |
0.000 |
0.002 |
0.000 |
0.000 |
|
|
|
Other Expenses |
0.000 |
0.000 |
0.013 |
0.038 |
|
|
|
TOTAL |
0.423 |
0.913 |
0.692 |
0.895 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION |
(0.048) |
0.424 |
0.360 |
0.196 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.003 |
0.005 |
0.003 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
(0.048) |
0.421 |
0.355 |
0.193 |
|
KEY RATIOS
|
PARTICULARS |
|
01.04.2014 –
19.06.2014 |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(12.80) |
31.49 |
33.75 |
17.69 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.56)
|
15.02
|
13.96 |
8.41 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01)
|
0.17
|
0.16 |
0.10 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.34
|
0.11
|
0.12 |
0.14 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
207.93
|
111.68
|
109.96 |
253.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Proprietors Capital |
2.012 |
2.245 |
2.503 |
|
Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.012 |
2.245 |
2.503 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.275 |
0.275 |
0.275 |
|
Total
borrowings |
0.275 |
0.275 |
0.275 |
|
Debt/Equity
ratio |
0.137 |
0.122 |
0.110 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1.091 |
1.052 |
1.337 |
|
|
|
-3.575 |
27.091 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1.091 |
1.052 |
1.337 |
|
Profit |
0.193 |
0.355 |
0.421 |
|
|
17.69% |
33.75% |
31.49% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
MR.
HIDAYTULLA AHMADMIYA SHAIKH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
||
|
PROFIT AND
GAINS OF BUSINESS OR PROFESSION |
|
|
|
|
|
|
|
|
|
Profit and Gains of Business u/s 44AD |
|
0.421 |
|
|
|
|
|
0.421 |
|
SUMMARY OF TOTAL INCOME |
|||
|
|
|
|
|
|
Profit and Gains of Business or Profession own Business or Profession |
|
|
0.421 |
|
|
|
|
|
|
GROSS TOTAL INCOME |
|
|
0.421 |
|
|
|
|
|
|
Less:
Deduction under chapter VI-A |
|
|
|
|
|
|
|
|
|
Deduction u/s 80-C |
|
|
|
|
Life Insurance Premium (LIP) |
0.015 |
|
|
|
Allowable Deduction u/s 80-C |
|
0.015 |
|
|
|
|
|
|
|
Total Deductions under chapter VI-A |
|
|
0.015 |
|
|
|
|
|
|
NET TOTAL
INCOME |
|
|
0.406 |
|
ROUND OFF |
|
|
0.406 |
|
|
|
|
|
|
CALCULATION OF TAX (CASE OF MALE) Sec. 44AD Income is not considered for 234B/C
Interest Calculation |
|||
|
|
|
|
|
|
Tax on Total Income |
|
0.021 |
|
|
|
|
|
|
|
Less: Rebate u/s 87A |
|
0.002 |
|
|
|
|
|
|
|
Net Tax |
|
0.019 |
|
|
|
|
|
|
|
Add: Educatin Cess …………….. @ 2.00% |
|
0.000 |
|
|
|
|
|
|
|
Secondary and Higher Edu. Cess………@ 1.00% |
|
0.000 |
|
|
|
|
|
|
|
Add: Interest u/s 234-A for 1 months @ 1.00% |
|
0.000 |
|
|
|
|
0.019 |
|
|
|
|
|
|
|
Add: Interest u/s 234-A for 1 months @ 1.00% |
|
0.000 |
|
|
|
|
|
|
|
Less: Self-Assessment Tax Paid on 30/08/2014 |
|
0.019 |
|
|
|
|
|
|
|
NET TAX PAYABLE |
|
0.000 |
|
|
ROUNDED OFF |
|
NIL |
|
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
|
|
|
Estimates |
Projection |
Projection |
Projection |
Projection |
Projection |
|
|
|
|
|
|
|
|
|
|
1. |
Gross Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
Domestic Sales |
42.356 |
47.541 |
51.871 |
56.202 |
60.532 |
64.863 |
|
|
|
|
|
|
|
|
|
|
(ii) |
Exports Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Total |
42.356 |
47.541 |
51.871 |
56.202 |
60.532 |
64.863 |
|
|
|
|
|
|
|
|
|
|
2. |
Less: Excise Duty |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3. |
Net Sales |
42.356 |
47.541 |
51.871 |
56.202 |
60.532 |
64.863 |
|
|
|
|
|
|
|
|
|
|
4. |
% age rise (+) or fall (-) in net sales as compared to previous year |
0.000 |
1.224 |
0.911 |
0.835 |
0.771 |
0.715 |
|
|
|
|
|
|
|
|
|
|
5. |
Cost of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) |
Raw Materials (Including Stores and Other Items used in the process of manufacture) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
(b)Indigenous |
29.602 |
32.562 |
35.522 |
38.482 |
41.422 |
44.402 |
|
|
|
|
|
|
|
|
|
|
ii) |
Other Spares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
(b)Indigenous |
0.296 |
0.326 |
0.355 |
0.385 |
0.414 |
0.444 |
|
|
|
|
|
|
|
|
|
|
iii) |
Power and Fuel |
1.368 |
1.494 |
1.620 |
1.746 |
1.872 |
1.998 |
|
|
|
|
|
|
|
|
|
|
iv) |
Direct Labour (Factory Wages) |
1.784 |
1.880 |
1.976 |
2.072 |
2.169 |
2.265 |
|
|
|
|
|
|
|
|
|
|
v) |
Other Manufacturing Expenses |
0.439 |
0.483 |
0.527 |
0.571 |
0.615 |
0.659 |
|
|
|
|
|
|
|
|
|
|
vi) |
Depreciation |
1.927 |
1.927 |
1.927 |
1.927 |
1.927 |
1.927 |
|
|
|
|
|
|
|
|
|
|
vii) |
Sub-Total (i to vi) |
35.416 |
38.672 |
419.928 |
45.184 |
48.440 |
51.695 |
|
|
|
|
|
|
|
|
|
|
viii) |
Add: Opening Stock in Process |
0.000 |
0.097 |
0.106 |
0.115 |
0.124 |
0.133 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total |
35.416 |
38.769 |
42.034 |
45.299 |
48.564 |
51.828 |
|
|
|
|
|
|
|
|
|
|
ix) |
Deduct: Closing Stock in Process |
0.097 |
0.106 |
0.115 |
0.124 |
0.133 |
0.142 |
|
|
|
|
|
|
|
|
|
|
x) |
Cost of Production |
35.319 |
38.663 |
41.919 |
45.175 |
48.431 |
51.686 |
|
|
|
|
|
|
|
|
|
|
xi) |
Add: Opening Stock of Finished Goods |
0.000 |
0.679 |
0.742 |
0.804 |
0.867 |
0.929 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total |
35.319 |
39.342 |
42.661 |
45.979 |
49.298 |
52.615 |
|
|
|
|
|
|
|
|
|
|
xii) |
Deduct: Closing Stock of Finished Goods |
0.679 |
0.742 |
0.804 |
0.867 |
0.929 |
0.991 |
|
|
|
|
|
|
|
|
|
|
xiii) |
Sub-Total (Total Cost of
Sales) |
34.640 |
38.600 |
41.857 |
45.112 |
48.369 |
51.624 |
|
|
|
|
|
|
|
|
|
|
6. |
Selling, General and Administrative Expenses |
3.075 |
3.253 |
3.413 |
3.574 |
3.735 |
3.896 |
|
|
|
|
|
|
|
|
|
|
7. |
Sub-Total (5+6) |
37.714 |
41.852 |
45.270 |
48.686 |
52.104 |
55.520 |
|
|
|
|
|
|
|
|
|
|
8. |
Operating Profit Before Interest (3-7) |
4.641 |
5.688 |
6.601 |
7.516 |
8.428 |
9.342 |
|
|
|
|
|
|
|
|
|
|
9. |
Interest |
2.481 |
2.426 |
2.199 |
1.930 |
1.663 |
1.395 |
|
|
|
|
|
|
|
|
|
|
10. |
Operating Profit after Interest (8-9) |
2.160 |
3.263 |
4.402 |
5.585 |
6.766 |
7.948 |
|
|
|
|
|
|
|
|
|
|
11.i) |
Add: Other Non-operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Miscellaneous Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
ii) |
Deduct: Other Non-operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
P & P Written Off |
0.057 |
0.057 |
0.057 |
0.057 |
0.057 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total (Expenses) |
0.057 |
0.057 |
0.057 |
0.057 |
0.057 |
0.000 |
|
|
|
|
|
|
|
|
|
|
iii) |
Net of Other Non-operating Income/ Expenses Net of 11(i) & 11(ii) |
(0.057) |
(0.057) |
(0.057) |
(0.057) |
(0.057) |
0.000 |
|
|
|
|
|
|
|
|
|
|
12. |
Profit before tax/ Loss [10+11(iii)] |
2.103 |
3.206 |
4.345 |
5.528 |
6.709 |
7.948 |
|
|
|
|
|
|
|
|
|
|
13. |
Provision for Taxes |
0.271 |
0.751 |
1.221 |
1.686 |
2.136 |
2.592 |
|
|
|
|
|
|
|
|
|
|
14. |
Net Profit/ Loss (12-13) |
1.832 |
2.454 |
3.124 |
3.842 |
4.572 |
5.355 |
|
|
|
|
|
|
|
|
|
|
15. (a) |
Equity Dividend Paid |
0.600 |
0.700 |
0.800 |
0.900 |
1.000 |
1.100 |
|
|
|
|
|
|
|
|
|
|
(b) |
Dividend Rate |
0.010 |
0.012 |
0.013 |
0.015 |
0.017 |
0.018 |
|
|
|
|
|
|
|
|
|
|
16. |
Retained Profit (14-15) |
1.232 |
1.754 |
2.324 |
2.942 |
3.572 |
4.255 |
|
|
|
|
|
|
|
|
|
|
17. |
Retained Profit/ Net Profit (% age) |
0.67 |
0.71 |
0.74 |
0.77 |
0.78 |
0.79 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
|
|
|
Estimates |
Projection |
Projection |
Projection |
Projection |
Projection |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Short term borrowings from bank (incl. Bills
purchased, discounted and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) From Applicant Bank |
4.500 |
5.008 |
5.459 |
5.910 |
6.363 |
6.814 |
|
|
|
|
|
|
|
|
|
|
|
(ii) From Other Banks |
-- |
-- |
--- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iii) Of which BP and BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (A) |
4.500 |
5.008 |
5.459 |
5.910 |
6.363 |
6.814 |
|
|
|
|
|
|
|
|
|
|
2 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Sundry Creditors (Trade) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
4 |
Advance Payments from Customers/ Deposits
from Dealers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
6 |
Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
7 |
Other Statutory Liabilities (Due within One
Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
8 |
Deposits/Instalments of Term Loan/ DPGs/
Debentures, etc. (Due within One Year) |
1.891 |
2.522 |
2.522 |
2.522 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
9 |
Other Current Liabilities and Provisions
(Due within One Year) |
0.400 |
0.316 |
0.343 |
0.371 |
0.402 |
0.434 |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (B) |
2.291 |
2.838 |
2.864 |
2.893 |
0.402 |
0.434 |
|
|
|
|
|
|
|
|
|
|
10 |
TOTAL CURRENT LIABILITIES [TOTAL OF 1 TO 9] |
6.791 |
7.846 |
8.323 |
8.803 |
6.765 |
7.248 |
|
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11 |
Debentures (not maturing within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
12 |
Preference Shares (Redeemable after One
Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
13 |
Term Loans (Excluding Instalments Payable
within One Year) |
12.609 |
10.087 |
7.565 |
5.043 |
5.043 |
2.522 |
|
|
|
|
|
|
|
|
|
|
14 |
Deferred Payment Credits (Excl. Instalments
due within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
15 |
Term Deposits (Repayable after One Year) |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
|
16 |
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
17 |
TOTAL TERM LIABILITIES (TOTAL OF 11 TO 16) |
14.109 |
11.587 |
9.065 |
6.543 |
6.543 |
4.022 |
|
|
|
|
|
|
|
|
|
|
18 |
TOTAL OUTSIDE LIABILITIES [10+17] |
20.900 |
19.432 |
17.389 |
15.346 |
13.308 |
11.270 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
Ordinary Share Capital 14% Convertible
Debentures |
6.000 |
6.000 |
6.000 |
6.000 |
6.000 |
6.000 |
|
|
|
|
|
|
|
|
|
|
20 |
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
21 |
Investment Allowance Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
22 |
Other Reserves (Excluding Provisions) |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
23 |
Surplus (+) or Deficit (-) in Profit and
Loss Account |
1.232 |
2.987 |
5.311 |
8.253 |
11.825 |
16.081 |
|
|
|
|
|
|
|
|
|
|
24 |
NET WORTH |
12.232 |
13.987 |
16.311 |
19.253 |
22.825 |
27.081 |
|
|
|
|
|
|
|
|
|
|
25 |
TOTAL LIABILITIES [18+24] |
33.132 |
33.419 |
33.700 |
34.600 |
36.134 |
38.351 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 |
Cash and Bank Balances |
0.217 |
0.686 |
0.717 |
0.866 |
1.149 |
1.055 |
|
|
|
|
|
|
|
|
|
|
27 |
Investments (Other than Long Term
Investments) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) |
Government and Other Trustee Securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
ii) |
Fixed Deposits with Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
28. i) |
Receivables other than Deferred and Exports
(Including Bills Purchased and Discounted by Banks) |
3.481 |
3.907 |
4.263 |
4.619 |
4.975 |
5.331 |
|
|
|
|
|
|
|
|
|
|
ii) |
Exports Receivables (Including Bills
Purchased/ Discounted by Banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
29 |
Instalments of Deferred Receivables (Due
within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
30 |
Inventories |
|
|
|
|
|
|
|
(i) |
Raw materials (including Stores and Other
Items in Process of Manufacture) |
|
|
|
|
|
|
|
(a) |
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) |
Indigenous |
2.433 |
2.676 |
2.920 |
3.163 |
3.406 |
3.650 |
|
|
|
|
|
|
|
|
|
|
(ii) |
Stock-in-Process |
0.097 |
0.106 |
0.115 |
0.124 |
0.133 |
0.142 |
|
|
|
|
|
|
|
|
|
|
(iii) |
Finished Goods |
0.679 |
0.742 |
0.804 |
0.867 |
0.929 |
0.991 |
|
|
|
|
|
|
|
|
|
|
(iv) |
Other Consumable Spares |
|
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(b) Indigenous |
0.024 |
0.027 |
0.029 |
0.032 |
0.034 |
0.036 |
|
|
|
|
|
|
|
|
|
|
31 |
Advances to Suppliers of Raw Materials and
Stores/Spares |
0.478 |
0.506 |
0.534 |
0.562 |
0.590 |
0.618 |
|
|
|
|
|
|
|
|
|
|
32 |
Advance Payment of Taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33 |
Other Current Assets |
0.608 |
0.638 |
0.670 |
0.704 |
0.739 |
0.776 |
|
|
|
|
|
|
|
|
|
|
34 |
TOTAL CURRENT ASSET [TOTAL 26 TO 33] |
8.017 |
9.288 |
10.053 |
10.937 |
11.955 |
12.600 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35 |
Gross Block (Land, Building, Machinery,
etc. and Other Work-in-Progress) |
23.815 |
23.815 |
23.815 |
23.815 |
23.815 |
23.815 |
|
|
|
|
|
|
|
|
|
|
36 |
Depreciation to Date |
1.927 |
3.855 |
5.782 |
7.709 |
9.636 |
11.564 |
|
|
|
|
|
|
|
|
|
|
37 |
NET BLOCK (35-36) |
21.888 |
19.960 |
18.033 |
16.106 |
14.179 |
12.251 |
|
|
|
|
|
|
|
|
|
|
38 |
Investments/ Book Debts /Advances Deposits
which are not Current Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i.(a) |
Investments in Subsidiary Companies/
Affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(b) |
Others |
3.000 |
4.000 |
5.500 |
7.500 |
10.000 |
13.500 |
|
|
|
|
|
|
|
|
|
|
ii. |
Advances to Suppliers of Capital Goods and
Contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
iii. |
Deferred Receivables (maturity exceeding
One 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 |
|
|
|
|
|
|
|
|
|
|
39 |
Non-consumables Stores and Spare |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
40 |
Other Non-Current Assets (Including dues
from Director) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
41 |
TOTAL OTHER NON-CURRENT ASSETS (TOTAL OF 38 TO 40) |
3.000 |
4.000 |
5.500 |
7.500 |
10.000 |
13.500 |
|
|
|
|
|
|
|
|
|
|
42 |
Intangible Assets (Patents, Goodwill,
Preliminary Expenses, Bad/ Doubtful Debts not provided for etc.) |
0.228 |
0.171 |
0.114 |
0.057 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL ASSETS (Total of 34,37,41 and 42) |
33.132 |
33.419 |
33.700 |
34.600 |
36.134 |
38.351 |
|
|
|
|
|
|
|
|
|
|
44 |
TANGIBLE NET WORTH (24-42) |
12.004 |
13.816 |
16.197 |
19.196 |
22.825 |
27.081 |
|
|
|
|
|
|
|
|
|
|
45 |
NET WORKING CAPITAL [(17+24)-(37+41+42)] TOTALLY WITH (34-10) |
1.225 |
1.442 |
1.729 |
2.134 |
5.190 |
5.351 |
|
|
|
|
|
|
|
|
|
|
46 |
Current Ratio [34/10] |
1.18 |
1.18 |
1.21 |
1.24 |
1.77 |
1.74 |
|
|
|
|
|
|
|
|
|
|
47 |
Total Outside Liabilities / Net worth (18/44) |
1.74 |
1.41 |
1.07 |
0.80 |
0.58 |
0.42 |
|
|
|
|
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A. |
Arrears of Depreciation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
B. |
Contingent Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
Arrears of Cumulative Dividends |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(ii) |
Gratuity Liability not provided for |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(iii) |
Disputed Excise/ Customs/ Tax Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(iv) |
Other Liabilities not provided for |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
|
|
|
Estimates |
Projection |
Projection |
Projection |
Projection |
Projection |
|
|
|
|
|
|
|
|
|
|
1 |
SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Net Profit
(After Tax) |
1.832 |
2.454 |
3.124 |
3.842 |
4.572 |
5.355 |
|
|
|
|
|
|
|
|
|
|
|
[b]
Depreciation |
1.927 |
1.927 |
1.927 |
1.927 |
1.927 |
1.927 |
|
|
|
|
|
|
|
|
|
|
|
[c] Increase in
Capital |
11.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[d] Increase in
Term Liabilities (Including Public deposits) |
14.109 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[e] Decrease in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[ii] Other
Non-Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[f] Others (P
& P Expenses) |
0.057 |
0.057 |
0.057 |
0.057 |
0.057 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
28.925 |
4.439 |
5.109 |
5.826 |
6.557 |
7.283 |
|
|
|
|
|
|
|
|
|
|
2 |
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Net Loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[b] Decrease in
Term Liabilities (Including Public Deposits) |
0.000 |
2.522 |
2.522 |
2.522 |
0.000 |
2.522 |
|
|
|
|
|
|
|
|
|
|
|
[c] Increase in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed
Assets |
23.815 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
[ii] Other
non-current Assets |
3.000 |
1.000 |
1.500 |
2.000 |
2.500 |
3.500 |
|
|
|
|
|
|
|
|
|
|
|
[d] Dividend
Payments |
0.600 |
0.700 |
0.800 |
0.900 |
1.000 |
1.100 |
|
|
|
|
|
|
|
|
|
|
|
[e] Others
(Increase in P & P Expenses) |
0.285 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
27.700 |
4.222 |
4.822 |
5.422 |
3.500 |
7.122 |
|
|
|
|
|
|
|
|
|
|
3. |
Long Term
Surplus (+)/ Deficit (-) (1-2) |
1.255 |
0.217 |
0.287 |
0.404 |
3.057 |
0.161 |
|
|
|
|
|
|
|
|
|
|
4. |
Increase/
Decrease in Current Assets * (As per Details
Given Below) |
8.017 |
1.271 |
0.765 |
0.884 |
1.018 |
0.644 |
|
|
|
|
|
|
|
|
|
|
5. |
Increase/
Decrease in Current Liabilities other than Bank Borrowings |
2.291 |
0.546 |
0.027 |
0.029 |
(2.491) |
0.033 |
|
|
|
|
|
|
|
|
|
|
6. |
Increase/
Decrease in Working Capital Gap |
5.725 |
0.725 |
0.738 |
0.855 |
3.510 |
0.612 |
|
|
|
|
|
|
|
|
|
|
7. |
Net Surplus(+)/
Deficit(-) (Difference of 3 & 6) |
(4.500) |
(0.508) |
(0.451) |
(0.451) |
(0.453) |
(0.451) |
|
|
|
|
|
|
|
|
|
|
8. |
Increase/
Decrease in Bank Borrowings |
4.500 |
0.508 |
0.451 |
0.451 |
0.453 |
0.451 |
|
|
|
|
|
|
|
|
|
|
|
INCREASE/ DECREASE IN NET SALES |
42.356 |
5.185 |
4.330 |
4.331 |
4.330 |
4.330 |
|
|
|
|
|
|
|
|
|
|
|
* Break up of (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) |
Increase/ Decrease in Raw Materials |
2.433 |
0.243 |
0.244 |
0.243 |
0.243 |
0.244 |
|
|
|
|
|
|
|
|
|
|
ii) |
Increase/ Decrease in Stock in Process |
0.097 |
0.009 |
0.009 |
0.009 |
0.009 |
0.009 |
|
|
|
|
|
|
|
|
|
|
iii) |
Increase/ Decrease in Finished Goods |
0.679 |
0.063 |
0.062 |
0.063 |
0.062 |
0.062 |
|
|
|
|
|
|
|
|
|
|
iv) |
Increase/ Decrease in Receivables |
|
|
|
|
|
|
|
|
(a) Domestic |
3.481 |
0.426 |
0.356 |
0.356 |
0.356 |
0.356 |
|
|
(b) Export |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
v) |
Increase/ Decrease in Stores and Spares |
0.024 |
0.003 |
0.002 |
0.002 |
0.002 |
0.002 |
|
|
|
|
|
|
|
|
|
|
vi) |
Increase/ Decrease in Other Current Assets |
1.303 |
0.527 |
0.091 |
0.211 |
0.346 |
(0.029) |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
8.017 |
1.271 |
0.765 |
0.884 |
1.018 |
0.644 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
|
|
|
Estimates |
Projection |
Projection |
Projection |
Projection |
Projection |
|
|
|
|
|
|
|
|
|
|
|
A. CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. |
Raw Materials (Including Stores and Other Items used in the Process of Manufacture) |
|
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(Months Consumption) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
2.433 |
2.676 |
2.920 |
3.163 |
3.406 |
3.650 |
|
|
(Months Consumption) |
0.99 |
0.99 |
0.99 |
0.99 |
0.99 |
0.99 |
|
|
|
|
|
|
|
|
|
|
2. |
Other Consumables Spares (Excluding those covered in 1 Above) |
|
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(Months Consumption) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
0.024 |
0.027 |
0.029 |
0.032 |
0.034 |
0.036 |
|
|
(Months Consumption) |
0.97 |
0.99 |
0.99 |
0.99 |
0.99 |
0.99 |
|
|
|
|
|
|
|
|
|
|
3. |
Stock in Process |
0.097 |
0.106 |
0.115 |
0.124 |
0.133 |
0.142 |
|
|
(Months Cost of Production) |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
|
|
|
|
|
|
|
|
|
|
4. |
Finished Goods |
0.679 |
0.742 |
0.804 |
0.867 |
0.929 |
0.991 |
|
|
(Months Cost of Production) |
0.24 |
0.23 |
0.23 |
0.23 |
0.23 |
0.23 |
|
|
|
|
|
|
|
|
|
|
5. |
Receivables other than Export and Deferred Receivables (Including Bills Purchased and Discounted by Banks) |
3.481 |
3.907 |
4.263 |
4.619 |
4.975 |
5.331 |
|
|
(Months Domestic Sales: Excluding Deferred Payment Sales) |
0.99 |
0.99 |
0.99 |
0.99 |
0.99 |
0.99 |
|
|
|
|
|
|
|
|
|
|
6. |
Export Receivables (Including Bills Purchased and Discounted by Banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(Months Export Sales) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
7. |
Advances to the Suppliers of Raw Materials and Stores, Spares and Consumables. |
0.478 |
0.506 |
0.534 |
0.562 |
0.590 |
0.618 |
|
|
|
|
|
|
|
|
|
|
8. |
Other Current Assets including Cash and Bank Balances, Deferred Receivables due within One Year (Specify Major Items) |
0.825 |
1.324 |
1.387 |
1.570 |
1.888 |
1.831 |
|
|
|
|
|
|
|
|
|
|
9. |
TOTAL CURRENT ASSETS (To Agree with Item 34 in Form-III) |
8.017 |
9.288 |
10.053 |
10.937 |
11.955 |
12.600 |
|
|
|
|
|
|
|
|
|
|
|
B. CURRENT
LIABILITIES (Other than Bank
Borrowings for Working Capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10. |
Creditors for Purchase of Raw Materials, Stores and 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 |
|
|
|
|
|
|
|
|
|
|
11. |
Advances from Customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
12. |
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
13. |
Other Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Short Term Borrowings |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
ii) Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
iii) Dividend Payables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
iv) Installments of Term Loans DPG, Public Deposits, Debentures, etc. |
1.891 |
2.522 |
2.522 |
2.522 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
v) Others |
0.400 |
0.316 |
0.343 |
0.371 |
0.402 |
0.434 |
|
|
|
|
|
|
|
|
|
|
14. |
TOTAL CURRENT
LIABILITIES (To Agree with Sub
Total B-Form-III) |
2.291 |
2.838 |
2.864 |
2.893 |
0.402 |
0.434 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM
PERMISSIBLE BANK FINANCE AND WORKING CAPITAL
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
31.03.2021 |
|
|
|
Estimates |
Projection |
Projection |
Projection |
Projection |
Projection |
|
|
|
|
|
|
|
|
|
|
1 |
Total Current Assets (9 IN Form IV) |
8.017 |
9.288 |
10.053 |
10.937 |
11.955 |
12.600 |
|
|
|
|
|
|
|
|
|
|
2 |
Other Current Liabilities (Other than Bank
Borrowings) (14 of Form IV) |
2.291 |
2.838 |
2.864 |
2.893 |
0.402 |
0.434 |
|
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCP) (1-2) |
5.725 |
6.450 |
7.188 |
8.044 |
11.553 |
12.165 |
|
|
|
|
|
|
|
|
|
|
4 |
Minimum Stipulated Net Working Capital i.e.
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) |
1.431 |
2.322 |
2.513 |
2.734 |
2.989 |
3.150 |
|
|
|
|
|
|
|
|
|
|
5 |
Actual/ Projected Net Working Capital (45
in Form III) |
1.225 |
1.442 |
1.729 |
2.134 |
5.190 |
5.351 |
|
|
|
|
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
4.294 |
4.128 |
4.675 |
5.310 |
8.565 |
9.015 |
|
|
|
|
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
4.500 |
5.008 |
5.459 |
5.910 |
6.363 |
6.814 |
|
|
|
|
|
|
|
|
|
|
8 |
Maximum Permissible Bank Finance (item 6 or
7 whichever is Lower) |
4.294 |
4.128 |
4.675 |
5.310 |
6.363 |
6.814 |
|
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings Representing Short Fall
in Net Working Capital (4-5) |
0.206 |
0.880 |
0.784 |
0.600 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
INTRODUCTION
TAJ FOOD
PRODUCTS,. 1955
Ahmedmiyan
Rasoolmiyan
Though Taj Sharbat is one of the highest selling sharbats in Gujarat, it started quite modestly. In 1955, Ahmedmiyan Rasoolmiyan started making gollas (crushed ice on sticks with sharbat poured on top) from a cart in Ahmedabad. "Life was hard and my parents would go without food when the sales were insufficient. The key difference between my father and others in the trade, according to me, is that he is a uery sensitive taster," says son Hidaytullah.
He says that like wine tasters or tea tasters, his father can select flowers and fruits for extracting sharbat, not only picking top quality flowers, but the ones at the right stage of the Life cycle of a flower when the petals should be distilled for sharbat. "Using this expertise, he began to make formulations that were unique. As the gollas were appreciated, he started selling sharbat too," he says.
However, a major change came about only when his father bought a shop in Dariyapur in 1984. Hidaytullah joined the business in the late '80s, when he was in college. Bowing to his father's expertise in creating recipes and standards for sharbats, he says his contribution is more on polishing the brand value: "I worked on improving the technology, getting mechanised processes to step up production and upgrading the packaging".
India Today - Simply
Gujarati - April, 2008
Sweet surrender
Taj: The labyrinth lanes of Ahmedabad's walled city lead you to Taj, a 28 year old popular sharbat joint. Throngs of loyal sharbat fans gather here during humid summers. A treat for parched throats, the shop sells a wide range of sharbats. Take your pick from rose, raat rani, saffron, khus, orange and falsa sharbats, or blends like lily and rose or pista and almond. Their Shahi Gulab Sharbat with rose petals is a real hotseller. You can also sit at the shop and enjoy faloodas in syrupy rose sharbats or a bowl of ice cream. Price: Rs. 60 to Rs 100 per bottle At: Jordan Road, Dariyapur, Ahmedabad Tel. No.: 91-79-22133913
India Today - January
23, 2012
The two articles published in the magazine "India Today" speak volumes of goodwill that is carried by the firm Taj Food Products owned by Mr. Hidaytullah Ahmedmiya Shekh. The unit is in existence since last 60 years engaged consistently in the business of fruit and flower based syrups manufacturing and marketing. Even today, the formulation of daily production is done by Mr. Hidaytullah in a closed chamber.
PROJECT
Subject, in existence since last 60 years, is presently operating from 2259/2, Jordan Road, Near Lal Bava Tumba Police Chowki, Muslim Kumbhar Gali, Dariyapur, Ahmedabad - 380 001, which is having three floor, each of about 84 Sq. Yards The unit is presently manufacturing natural flowers and fruit based syrups (commonly known as Sharbat) and is having one sugar mixing machine, Gas Fired Heating System, Kerosene fired heating system and one air compressor. However, presently almost whole of the manufacturing process of mixing, heating and packing is manual.
Now, the unit proposes to expand it's operation to include more products like juices, nectars, squashes, jams & jelly, inverted sugar etc. to encash the expertise of proprietor's expertise in developing flavours and also to take advantage of huge goodwill the unit is carrying in the market. With this object, the unit has acquired premises on ownership basis at Plot No. 417, GIDC Engineering Estate, Sector 28, Gandhinagar, Gujarat. The premises comprises of a plot of land of about 1000 Sq. Meters and factory building with full RCC Roofing on two floors, each floor having about 435 Sq. Meters built-up area. The unit proposes to install a fully automatic plant having sugar blending, heating and mixing facilities with fully automatic packing, capping, sealing and labelling machinery. Installed capacity of the unit is proposed to be 5000 litres per day. The items proposed to be manufactured are consumed directly as cold drinks, though some of them are also used as flavours by mixing them with ice-creams, pastries, mocktails, etc.
The company has been promoted. by the proprietor Shri Hidaytutlah Ahmedmiya Shaikh, who has rich 30 years experience in same industry and also has established network of distributors in Gujarat, Rajasthan and Madhya Pradesh.
CONSTITUTION
The unit was established in 1992 by Mr. Hidaytulllah Ahmedmiya Shaikh as sole proprietor and is proposed to remain the proprietorship even after expansion. The unit is already having following registrations :
|
DESCRIPTION |
REGISTRATION NO. |
DATED |
VALID UPTO |
|
|
|
|
|
|
Shop and Establishment Act |
PJI/DAJ/00/0000334 |
02.01.1996 |
-- |
|
|
|
|
|
|
Food and Drugs Control Administration |
10, 713, 026, 000, 533 |
13.07.2012 |
10.07.2017 |
|
|
|
|
|
|
PAN |
AEFPS1819C |
-- |
-- |
|
|
|
|
|
|
VAT |
24570600764 |
01.07.2002 |
-- |
|
|
|
|
|
|
CST |
24570600764 |
01.07.2002 |
-- |
|
|
|
|
|
|
Copyright |
A-84901/2009 |
21.01.2009 |
-- |
|
|
|
|
|
|
Trademark |
1211965 |
07.07.2013 |
06.07.2013 |
Nature of business of the company as stated in various registrations mentioned above is manufacturing and trading of syrup and any other food products.
Presently, the production of the unit is carried out at 2259/2, Jordan Road, Near Lal Tumba Police Chowki, Muslim Kumbhar Gali, Dariyapur, Ahmedabad – 380001, while office and retail out let is situated at 3392, Jordan Road, Near Lal Tumba Police Chowki, Muslim Kumbhar Gali, Dariyapur, Ahmedabad – 380001. The unit is proposed to be registered as Small Medium Enterprise. An application for the same is already made.
MANAGEMENT
The unit is promoted by proprietor Mr. Hiddayatullah Ahmedmiya Shaikh:
Mr. Hidaytullah is a young, enterprising and self made entrepreneur, aged about 45 Years and qualified as Bachelor of Commerce. Jointed in 1984, the father’s business of cold drink and restaurant in the name “New Taj Colddrink and Restaurant” situated at 3392, Jordan Road, Near Lal Bava Tumba Police Chowki, Muslim Kumbhar Gali, Dariyapur, Ahmedabad – 380001. The restaurant was operational since 1955 and specialized in various icecream flavours and flavoured syrups in addition to normal food. In 1989, he formerly joined this unit as partner with father. The restaurant is still operational today having it’s own goodwill in the community. He then ventured into natural flowers and fruit based syrups (locally known as sharbat) manufacturing as proprietor in the name The Food Products. The syrups manufactured are marketed under the exclusive brand of “Taj Sharbat” and is having wide network of distributors, agents and retailers all over Gujarat and also some parts of M.P. and Rajasthan. Thus, he has about 30 Years experience in Manufacturing and Marketing of colddrinks and syrups.
UNIT’S MARKETING POTENTIAL
Proprietor is having experience of 30 years in natural fruit and flower based syrups. In fact, he has inherited the skill for formulation and business from his father, who started this business of sharbat mfg. in 1955. Today, the firm has a developed network of distributors in the state of Gujarat, Rajasthan and Madhya Pradesh. The product is extremely popular from Godhra to Palanpur in Gujarat. In addition to the third party distribution networth, the unit also is in direct marketing to retailers through it’s associate concern New Taj Icecream and Cold Drinks. This firm also doubles up as Ahmedabad Retail Outlet. This same network of distributors and direct marketing though above said associate concern shall be used for the marketing of the products proposed to be manufactured. In addition to this, new chain of city wise distributors in all the major cities of Gujarat, and state wise distributors for the state of Rajasthan and Madhya Pradesh shall be appointed in due course of time. The Taj Brand is extremely popular with ready demand and presently the unit is always in short supply at the time of full season. Due do this, the unit does not foresee any trouble whatsoever in marketing.
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. HIDAYATULLA AHMEDIYAN
SHAIKH
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
SR. NO. |
PARTICULARS |
31.03.2014 |
|
|
|
|
|
A) |
FIXED ASSETS |
|
|
|
|
|
|
a) |
Immovable
Properties |
|
|
|
|
|
|
1. |
Shop At: (In the name of father) 3392, Jordhan Road, Near Lal Timba Police Chowki, Dariyapur, Ahmedabad – 382001, Gujarat, India Ground Floor: 84 Sq. Yards First Floor: 84 Sq. Yards |
8.000 |
|
|
|
|
|
2. |
Shop At: (In the name of father) 2259, Jordhan Road, Near Lal Timba Police Chowki, Dariyapur, Ahmedabad – 382001, Gujarat, India Ground Floor: 84 Sq. Yards First Floor: 84 Sq. Yards Second Floor: 84 Sq. Yards |
10.000 |
|
|
|
|
|
3. |
Flat No. B-6, Amtul Park Flats, Muslim Society, Navrangpura, Ahmedabad – 380009, Gujarat, India Built-up: 126 Sq. Yards |
5.100 |
|
|
|
|
|
4. |
N.A. Plot at (Joint with mother) Plot No. 25, Prachita Co-operative Housing Society Limited, Maktampura, Sarkhej, Ahmedabad, Gujarat, India Plot Area: 457 Sq. Yards Builtup Area: 97 Sq. Yards |
11.250 |
|
|
Sub Total |
34.350 |
|
|
|
|
|
b) |
Other Movable Fixed Assets |
|
|
1. |
Fixed Assets of Taj Food Products |
0.011 |
|
2. |
Gold Jewellary |
1.500 |
|
|
Sub Total |
1.511 |
|
|
|
|
|
B) |
Other Assets |
|
|
|
Current Assets of Taj Food Products |
2.793 |
|
|
SubTotal |
2.793 |
|
|
Total Assets |
38.654 |
|
|
|
|
|
C) |
Personal
Liabilities, if any |
|
|
|
Unsecured – Family Members |
0.275 |
|
|
Other Current Liabilities |
0.025 |
|
|
SubTotal |
0.300 |
|
|
|
|
|
|
NET WORTH |
38.354 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
ITEMES |
DETAILS/
OBSERVATIONS |
|
|
|
|
|
|
|
Purpose of Valuation |
To ascertain market value of the property for security against loan |
|
|
|
|
Date of Valuation |
17.11.2014 |
|
|
|
|
Date of Inspection |
15.11.2014 |
|
|
|
|
Name of the Owner |
As per copy of Sale deed, said property is in the joint name of Mrs. Salehabanu
Ahmedmiya Shaikh and Mr. Hidaytulla
Ahmedmiya Shaikh The Share cerfificate is, however, issued in the single name of Mrs. Salehabanu Ahmedmiya Shaikh |
|
|
|
|
Description of the property i.e. Residential House/ Industrial Unit/ Office Unit |
Residential Property |
|
|
|
|
Net Plot Area Built-up Area |
457 Sq. Yds. 30 Sq. Yds. (As per physical measurement taken at site) |
|
|
|
|
Location, Street, Ward No. |
Plot No.25, The Prachina Co-operative Housing Society Limited, Near Aamir Park and Samir Vihar, Opposite Hussaini Twin Bungalows, Juhapura, Ahmedabad, Gujarat, India Sub Plot No. 61/Paiki, Survey No. 21, 22 and 27 all Paiki, Mouje: Maktampura, District: Ahmedabad Latitude : 22o59’17.82”N Longitude: 72o31’29.13”E |
|
|
|
|
Power Connection Service No. Tenement No. |
-- Milkat No. 1332-25 |
|
|
|
|
Status of Occupancy – Owned/ Leased/ Rented/ To be Purchased |
Owned |
|
|
|
|
Market Value |
Rs. 18.400 Millions |
|
|
|
|
Realizable Value |
Rs. 14.700 Millions |
|
|
|
|
Distress Value |
Rs. 12.900 Millions |
|
|
|
|
Registered Value as per Jantri |
Rs. 4.800 Millions |
VALUATION OF RESIDENTIAL PROPERTY OWNED BY MRS. SALEHABANU AHMEDMIYA SHAIKH
AND JOINT SITUATED AT PLOT NO. 25, THE PRACHINA CO-OPERATIVE HOUSING SOCIETY
LIMITED, SURVEY NO. 21, 22 AND 27 ALL PAIKI, MOUJE: MAKTAMPURA, DISTRICT:
AHMEDABAD, GUJARAT, INDIA.
|
GENERAL DETAILS |
|
|
Purpose of
Valuation |
To ascertain
the present market value of the property for security against loan |
|
|
|
|
Date of
valuation |
17/11/2014 |
|
|
|
|
Name of the
Owner(s) |
As per copy of
Sale deed, said property is in the joint name of Mrs. Salehabanu Ahmedmiya Shaikh
and Mr. Hidaytulla Ahmedmiya Shaikh The share certificate is, however, issued in the single name of Mrs. Salehabanu Ahmedmiya Shaikh. |
|
|
|
|
If the property
is under joint ownership/ co-ownership, share of each owner. Are the shares
undivided? |
Not Applicable |
|
|
|
|
Brief description of the property |
The subject
property is an open plot with small civil structure situated in Juhapura area
i.e. within the limits of Ahmedabad. It is numbered as 25 and is located in a
Co-operative Society named as the Prachina Co-operative Housing Society
Limited. The said society is located near Aamir Park and Samir Vihar and on
the opposite side of Hussaini Twin Bungalows. There is
variation in the demarcation of plots in the society precincts. At site, the
property on the east side of the subject property is plot no. 29 whereas as
per the approved plan, it is part of the Garden known as Mughal Garden. The
society is well developed with One garden and Common Plot with walk way track. The civil
structure is a Single Room Structure with Brick Masonry Work, RCC Work,
Cement Plaster and Plumbing Work (Partly Done). Flooring Work, Door and
Windows, Electrication, Painting and Other Finishing work is NOT done. |
|
|
|
|
Location, Street, Ward No. |
Plot No.25, The
Prachina Co-operative Housing Society Limited, Near Aamir Park and Samir
Vihar, Opposite Hussaini Twin Bungalows, Juhapura, Ahmedabad, Gujarat, India Latitude: 22o59’17.82”N, Longitude: 72o31’29.13”E |
|
|
|
|
Survey/Plot No.
of Land |
Milkat No.
1332-25 Sub Plot No.
61/Paiki, Survey No. 21, 22 & 27 all Paiki, Mouje: Maktampura, District
Ahmedabad, Gujarat, India |
|
|
|
|
Is the property
situated in the Residential/ Commercial/ Mixed Area/ Industrial Area |
Residential
Area |
|
|
|
|
Classification
of Locality – High Class/ Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity of
Civic Amenities like Schools, Hospitals, Offices, Market, Cinemas, etc. |
All are located
near the subject property |
|
|
|
|
Means of
Proximity to Surface Communication by which the Locality is served |
Bus, Rickshaw
and Private Vehicles, etc. |
|
|
|
|
LAND |
|
|
|
|
|
Area of Land
supported by Documentary Proof, Shape, Dimensions and Physical Features |
Land Area: 457
Sq. Yds. |
|
|
|
|
Roads, Street
or Lanes on which the land is abutting |
Near Memom Hall
Road |
|
|
|
|
Does the land
fall in an area included in any T.P Plan of Government or any statutory body?
If so, give particular |
Survey No. 21,
22 and 27 all Paiki, of Mouje: Maktampura |
|
|
|
|
Has any
contribution been made towards development or is any demand for such
contribution still outstanding? |
NA |
|
|
|
|
Has the whole
or part of the land been notified for acquisition by Government or statutory
body? |
NA |
|
|
|
|
Attached a
dimensioned site plan |
The civil
structure at site is under construction. Flooring Work, Door and Window Work,
Electrification, Painting and Other Finishing Work, etc. is NOT completed |
|
|
|
|
IMPROMENTS |
|
|
|
|
|
i) Is the
Building Owner – occupied/ tenanted/ both ii) If partly
Owner-Occupied, specify portion and extent of area under owner occupation |
Assumed to be
owned occupied |
|
|
|
|
What is the
floor space index permissible and percentage actually utilized? |
The civil
structure at site is under construction. Flooring Work, Door and Window Work,
Electrication, Painting, etc.. is Not completed |
|
|
|
|
RENTS |
|
|
|
|
|
1. Names of Tenants/ Lessees/ Licenses, etc. 2. Portions in their occupation 3. Monthly or Annual Rent/ Compensation/ License fee, etc. paid by each 4. Gross amount received for the whole property |
These items are not applicable as property is self-occupied by the owner and valuation is for determining its market value as on 17th November, 2014, for security against loan. |
|
|
|
|
Are any of the occupants related to, or close business associates of the owner? |
|
|
|
|
|
Is separate amount being recovered for the use of fixtures, like fans, geysers, refrigerator, cooking ranges, built-in wardrobes, etc. or for service charges? If so, give details |
|
|
|
|
|
Give details of Water and Electricity Charges, if any, to be borne by the Owner |
|
|
|
|
|
Has the tenant to bear the whole or part of the cost of repairs and maintenance? Give Particulars |
|
|
|
|
|
If a lift is Installed, who is to bear cost of maintenance and operation-Owner or Tenant? |
NA |
|
|
|
|
If a pump is installed, who has to bear the cost of maintenance and operation-owner or tenant? |
NA |
|
|
|
|
Who has to bear the cost of electricity charges for lighting of common space like entrance hall, stairs, passages, compound, etc. – owner or tenant? |
NA |
|
|
|
|
Is the Building Insured? If so, give the policy no. amount for which it is insured and the annual premium |
NA |
|
|
|
|
Is any dispute between landlord and tenant regarding rent pending in a court of law? |
NA |
|
|
|
|
Has any standard rent been fixed for the premises under any law relating to the control of rent? |
NA |
|
|
|
|
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 |
As per
valuation report |
|
|
|
|
Land Rate
adopted in this Valuation |
Rs. 40000/- Per
Sq. Yds based on net plot area |
|
|
|
|
If sale
instances are not available or not relied upon the basis of arriving at the
land rate |
Rs. 40000/- Per
Sq. Yds based on net plot area |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
|
|
|
Year of
Commencement of Construction and Year of Completion |
Under
Construction |
|
|
|
|
What was the
Method of Construction-by Contract/by Employing Labor Directly/ Both? |
These items are
not applicable as valuation is for determining the market value of
residential property as on 17th November, 2014, for security
against loan |
|
|
|
|
For Items of
Works done on Contract, Produce Copies of Agreements |
|
|
|
|
|
For items of works done by engaging labour directly,
give basic rates of materials and labour supported by documentary proof |
|
|
|
|
|
TECHNICAL DETAILS |
|
|
No of Floors
and Height of each Floor |
Ground Floor
only Floor Height Ground Floor
Level : 10’00” |
|
|
|
|
Plinth Area
Floor-Wise (As per IS: 3861) |
Build up area:
30 Sq. Yds. (As per
physical measurement taken at site) |
|
|
|
|
Year of
Construction |
Under
Construction |
|
|
|
|
Estimated
Future Life |
As per their
professional experience future expected economic life of the structure is
approximate 60 years subject to regular and preventive maintenance. It may be
mentioned that they have not carried out any structural stability test to
estimate future life of the structure. It is based on their professional
judgement and visual observation only |
|
|
|
|
Type of
Construction - Load Bearing Walls/ RCC
Frame/ Steel Frame |
Partly loan bearing
and partly RCC Frame Structure |
|
|
|
|
Type of
Foundations |
Brick Masonry
Foundation |
|
|
|
|
Walls (a) Basement
and Plinth (b) Ground
Floor (c)
Superstructure above Ground Floor |
Brick Walls –
14” & 9” thick |
|
|
|
|
Partitions |
41/2 Thick Brick Walls |
|
|
|
|
Doors and
Windows |
Not yet Fixed |
|
|
|
|
Flooring |
Not yet done |
|
|
|
|
Finishing |
Inside and
Outside Finish Plaster Only |
|
|
|
|
Roofing and
Terracing |
Roof is a
R.C.C. Plastered |
|
|
|
|
Special
Architectural or Decorative Features, if any |
-- |
|
|
|
|
(i) Internal
Wiring – Surface or Conduit (ii) Class of
Fittings Superior/ Ordinary/ Poor |
Not yet done |
|
|
|
|
Sanitary
Installation (a) (i) No. of
Water Closets (ii) No. of
Lavatory Basin (iii) No. of Urinals (iv) No. of
Sinks (v) No. of Bath
Tubs (vi) No. of
Bidets (vii) No. of
Geysers (b) Class of
fittings, Superior Coloured/ Superior White/ Ordinary |
-- -- -- 1 No. -- -- -- Ordinary |
|
|
|
|
Compound Walls: (i) Height and
Length (ii) Type of Construction |
-- 41/2 thick brick masonry well |
|
|
|
|
No. of lifts
and capacity |
-- |
|
|
|
|
Underground
Sump – Capacity and Type of Construction |
Details are not
available |
|
|
|
|
Overhead Tank i) Where
Located ii) Capacity iii) Type of Construction |
Details are not
available |
|
|
|
|
Pumps – Nos.
and their Horse Power |
Details are not
available |
|
|
|
|
Roads and
Pavings within the compound approximate area and type of Pavings |
-- |
|
|
|
|
Sewage disposal
– Whether connected to public sewers. It septic tank provided. No. and
Capacity |
In Common
Drainage Line |
|
|
|
|
VALUATION The Market Value of the residential property situated at Plot No. 25, The Prachina Co-operative Housing Society Limited, Survey No. 21, 22 and 27 all Paiki, Mouje: Makatampura, District: Ahmedabad owned by Mrs. Salehabanu Ahmedmiya Shaikh and Mr. Hidaytulla Ahmedmiya Shaikh is estimated at Rs. 18.400 Millions as on 17th November, 2014. The Realizable
Value of the subject property is estimated at Rs. 14.700 Millions as on 17th
November, 2014. The Distress
Value of the subject property is estimated at Rs. 12.900 Millions as on 17th
November, 2014. |
|
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.63.58 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.