MIRA INFORM REPORT
|
Report Date : |
23.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUNAL FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H. No. 17-1-391/T/250, Saraswati Nagar, Saidabad, |
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Country : |
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Financials as on
: |
-- |
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Date of
Incorporation : |
19.02.2014 |
|
|
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|
Com. Reg. No.: |
093045 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400TG2014PTC093045 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCG5386B |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Chocolate. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated on 19.02.2014 and it is
establishing itself gradually. Mr. Hemant Reddy [CA] has provided us with all information and he also
confirmed that the company has not yet started its business activity. Business is active as per the status shown in the Registrar of
Companies. Payment terms are unknown. The company can be considered for business dealings on a safe and
secured 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) |
|
|
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 [GENERAL DETAILS]
|
Name : |
Mr. Hemant Reddy |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9177725555 |
|
Date : |
22.12.2014 |
LOCATIONS
|
Registered Office : |
H. No. 17-1-391/T/250, Saraswati Nagar, Saidabad, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8790000039 [Mr. Shashank Gupta] 91-9177725555 [Mr. Hemant Reddy] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Sy. No. 521, Elkanta (V), Farooqnagar (M), District Mahabubnagar, |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mrs. Priyanka Gupta |
|
Designation : |
Director |
|
Address : |
17-1-391/T/250, Saraswathi Nagar, Saidabad, |
|
Date of Birth/Age : |
21.09.1990 |
|
Date of Appointment : |
19.02.2014 |
|
PAN No.: |
BDQPP0719P |
|
DIN No.: |
06793032 |
|
|
|
|
Name : |
Mrs. Susheela Devi |
|
Designation : |
Director |
|
Address : |
17-1-391/T/250, Saraswathi Nagar, Saidabad, |
|
Date of Birth/Age : |
24.12.1948 |
|
Date of Appointment : |
19.02.2014 |
|
PAN No.: |
ANXPD3059Q |
|
DIN No.: |
06793390 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Reddy |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.02.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Priyanka Gupta |
5000 |
50.00 |
|
Susheela Devi |
5000 |
50.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chocolate. |
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|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Credit [30 Days] |
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|
|
|
Purchasing : |
Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
-- |
||||||||||||||||||||||
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Auditors : |
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|
Name : |
SJR and Associates Chartered Accountants |
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
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]
NEW BUSINESS
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
Yes |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
AMOUNT
IN MILLIONS |
|
|
|
|
|
1 |
Civil Works |
23.807 |
|
|
|
|
|
2 |
Plant and Machinery |
44.299 |
|
|
|
|
|
3 |
Electricals |
4.094 |
|
|
|
|
|
4 |
Preliminary Expenses |
1.470 |
|
|
|
|
|
5 |
Working Capital |
13.500 |
|
|
|
|
|
|
TOTAL |
87.170 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
AMOUNT
IN MILLIONS |
|
|
|
|
|
|
Shareholders’
Funds |
|
|
|
- Share Capital |
22.500 |
|
|
|
|
|
|
- Unsecured Loans from Shareholders |
18.670 |
|
|
|
|
|
|
Loans |
|
|
|
- Term Loans |
36.000 |
|
|
|
|
|
|
- Working Capital |
10.000 |
|
|
|
|
|
|
TOTAL |
87.170 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION
OF DEBT SERVICE COVERAGE RATIO (DSCR)
(RS. IN MILLIONS)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
|
Net Profit after Tax |
2.245 |
3.729 |
5.238 |
9.261 |
13.180 |
17.420 |
|
|
|
|
|
|
|
|
|
Add |
|
|
|
|
|
|
|
- Depreciation |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
4.948 |
|
|
|
|
|
|
|
|
|
- Interest Term Loan |
5.005 |
4.366 |
3.514 |
2.662 |
1.810 |
0.958 |
|
|
|
|
|
|
|
|
|
Total |
11.967 |
16.892 |
16.362 |
18.511 |
20.697 |
23.326 |
|
|
|
|
|
|
|
|
|
DEBT |
|
|
|
|
|
|
|
- Interest Term Loan |
5.005 |
4.366 |
3.514 |
2.662 |
1.810 |
0.958 |
|
|
|
|
|
|
|
|
|
- Principal repayment of TL |
2.028 |
6.085 |
6.085 |
6.085 |
6.085 |
6.085 |
|
|
|
|
|
|
|
|
|
Total |
7.033 |
10.450 |
9.598 |
8.746 |
7.895 |
7.043 |
|
|
|
|
|
|
|
|
|
DSCR |
1.70 |
1.62 |
1.70 |
2.12 |
2.62 |
3.31 |
|
|
|
|
|
|
|
|
|
Average DSCR |
2.12 |
|||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFITABILITY STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
|
No. of days of Operations |
300 |
300 |
300 |
300 |
300 |
300 |
|
Operating Capacity |
35% |
40% |
45% |
50% |
55% |
60% |
|
Months |
6 |
12 |
12 |
12 |
12 |
12 |
|
|
|
|
|
|
|
|
|
INCOME |
|
|
|
|
|
|
|
Sales |
37.674 |
91.435 |
106.806 |
124.607 |
143.921 |
164.855 |
|
|
|
|
|
|
|
|
|
Less: Excise Duty @ 10.23% |
0.785 |
6.285 |
10.926 |
12.747 |
14.723 |
16.865 |
|
|
|
|
|
|
|
|
|
Vat @ 5% |
1.884 |
4.572 |
5.340 |
6.230 |
7.196 |
8.243 |
|
|
|
|
|
|
|
|
|
NET SALES |
35.005 |
80.578 |
90.539 |
105.629 |
122.002 |
139.747 |
|
|
|
|
|
|
|
|
|
DIRECT
EXPENDITURE |
|
|
|
|
|
|
|
Raw Material Cost |
28.162 |
52.222 |
61.001 |
71.167 |
82.198 |
94.154 |
|
|
|
|
|
|
|
|
|
Other Manufacturing cost |
3.553 |
7.623 |
9.154 |
10.235 |
11.854 |
13.513 |
|
|
|
|
|
|
|
|
|
Total |
31.715 |
59.844 |
70.154 |
81.402 |
94.052 |
107.667 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock |
-- |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
|
|
|
|
|
|
|
|
Less: Closing Stock |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
26.917 |
|
|
|
|
|
|
|
|
|
Total Cost of sales |
18.715 |
57.883 |
67.577 |
78.590 |
90.890 |
104.263 |
|
|
|
|
|
|
|
|
|
Operating
Profit |
16.290 |
22.695 |
22.962 |
27.039 |
31.112 |
35.484 |
|
|
|
|
|
|
|
|
|
Salaries and
wages |
0.960 |
1.008 |
1.058 |
1.111 |
1.167 |
1.225 |
|
|
|
|
|
|
|
|
|
Administration expenses |
0.283 |
0.297 |
0.312 |
0.327 |
0.343 |
0.361 |
|
|
|
|
|
|
|
|
|
Marketing expenses |
0.518 |
0.544 |
0.571 |
0.600 |
0.630 |
0.661 |
|
|
|
|
|
|
|
|
|
Management expenses |
0.377 |
0.396 |
0.415 |
0.436 |
0.458 |
0.481 |
|
|
|
|
|
|
|
|
|
Misc. Expenses |
0.188 |
0.198 |
0.208 |
0.218 |
0.229 |
0.240 |
|
|
|
|
|
|
|
|
|
Depreciation |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
4.948 |
|
|
|
|
|
|
|
|
|
Preliminary expenses written off |
0.294 |
0.294 |
0.294 |
0.294 |
0.294 |
-- |
|
|
|
|
|
|
|
|
|
Total |
7.337 |
11.533 |
10.468 |
9.574 |
8.828 |
7.916 |
|
|
|
|
|
|
|
|
|
Interest on |
|
|
|
|
|
|
|
- Term Loan |
5.005 |
4.366 |
3.514 |
2.662 |
1.810 |
0.958 |
|
- Working Capital Loan |
0.700 |
1.400 |
1.400 |
1.400 |
1.400 |
1.400 |
|
|
|
|
|
|
|
|
|
Total |
5.705 |
5.766 |
4.914 |
4.062 |
3.210 |
2.358 |
|
|
|
|
|
|
|
|
|
PBT |
3.249 |
5.396 |
7.580 |
13.403 |
19.074 |
25.210 |
|
|
|
|
|
|
|
|
|
Income tax |
1.004 |
1.667 |
2.342 |
4.141 |
5.894 |
7.790 |
|
|
|
|
|
|
|
|
|
PAT |
2.245 |
3.729 |
5.238 |
9.261 |
13.180 |
17.420 |
|
|
|
|
|
|
|
|
|
Drawings |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Retained Profit |
2.245 |
3.729 |
5.238 |
9.261 |
13.180 |
17.420 |
|
|
|
|
|
|
|
|
|
Cash Accruals |
6.962 |
12.526 |
12.848 |
15.849 |
18.887 |
22.368 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
SOURCE OF FUNDS |
|
|
|
|
|
|
|
Share Capital |
22.500 |
22.500 |
22.500 |
22.500 |
22.500 |
22.500 |
|
|
|
|
|
|
|
|
|
- Profit and Loss A/c |
-- |
2.245 |
5.974 |
11.212 |
20.473 |
33.653 |
|
|
|
|
|
|
|
|
|
Term Loans |
36.000 |
33.972 |
27.887 |
21.803 |
15.718 |
9.634 |
|
|
|
|
|
|
|
|
|
USL from Share Holders |
18.670 |
18.670 |
18.670 |
18.670 |
18.670 |
18.670 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
- Bank OD |
-- |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
- Sundry Payables |
-- |
1.004 |
1.895 |
2.222 |
2.578 |
2.978 |
|
|
|
|
|
|
|
|
|
TOTAL |
77.170 |
88.391 |
86.926 |
86.406 |
89.939 |
97.436 |
|
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
Fixed Assets (Gross Block) |
72.200 |
72.200 |
67.483 |
58.686 |
51.076 |
44.488 |
|
|
|
|
|
|
|
|
|
Less: Depreciation |
-- |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
|
|
|
|
|
|
|
|
|
Net Block |
72.200 |
67.483 |
58.686 |
51.076 |
44.488 |
38.781 |
|
|
|
|
|
|
|
|
|
Add: Capital Work in Progress |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
72.200 |
67.483 |
58.686 |
51.076 |
44.488 |
38.781 |
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
- Receivables |
-- |
5.834 |
12.087 |
13.581 |
15.844 |
18.300 |
|
|
|
|
|
|
|
|
|
- Stock |
-- |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
|
|
|
|
|
|
|
|
- Other Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
- Cash and Bank Balance |
3.500 |
0.898 |
0.311 |
3.623 |
8.963 |
16.842 |
|
|
|
|
|
|
|
|
|
Preliminary Expenses |
1.470 |
1.176 |
0.882 |
0.588 |
0.294 |
-- |
|
|
|
|
|
|
|
|
|
TOTAL |
77.170 |
88.391 |
86.926 |
86.406 |
89.939 |
97.436 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
CASH FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
CASH INFLOW |
|
|
|
|
|
|
|
Increase in Capital |
22.500 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Net Profit After Tax |
-- |
2.245 |
3.729 |
5.238 |
9.261 |
13.180 |
|
|
|
|
|
|
|
|
|
Depreciation |
-- |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
|
|
|
|
|
|
|
|
|
Increase Term Loans |
36.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in USL |
18.670 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in working capital |
-- |
10.000 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in Current Liabilities |
-- |
1.004 |
0.891 |
0.326 |
0.356 |
0.401 |
|
|
|
|
|
|
|
|
|
Preliminary expenses written off |
-- |
0.294 |
0.294 |
0.294 |
0.294 |
0.294 |
|
|
|
|
|
|
|
|
|
TOTAL |
77.170 |
18.261 |
13.711 |
13.469 |
16.499 |
19.582 |
|
|
|
|
|
|
|
|
|
CASH OUTFLOW |
|
|
|
|
|
|
|
Increase in Fixed Assets |
72.200 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Repayment of Term Loan |
-- |
2.028 |
6.085 |
6.085 |
6.085 |
6.085 |
|
|
|
|
|
|
|
|
|
Increase in Receivables |
-- |
5.834 |
6.253 |
1.494 |
2.263 |
2.456 |
|
|
|
|
|
|
|
|
|
Increase in stock |
-- |
13.000 |
1.961 |
2.578 |
2.812 |
3.162 |
|
|
|
|
|
|
|
|
|
Increase in Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase in preliminary expenses |
1.470 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Drawings |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
TOTAL |
73.670 |
20.862 |
14.298 |
10.156 |
11.160 |
11.703 |
|
|
|
|
|
|
|
|
|
Opening Balance |
-- |
3.500 |
0.898 |
0.311 |
3.623 |
8.963 |
|
|
|
|
|
|
|
|
|
Surplus / (Deficit) |
3.500 |
(2.602) |
(0.587) |
3.312 |
5.339 |
7.879 |
|
|
|
|
|
|
|
|
|
Closing Balance |
3.500 |
0.898 |
0.311 |
3.623 |
8.963 |
16.842 |
------------------------------------------------------------------------------------------------------------------------------
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 |
|
|
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
1 |
Gross Sales |
|
|
|
|
|
|
|
Domestic Sales |
37.674 |
91.435 |
106.806 |
124.607 |
143.921 |
|
|
|
|
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Discount and Incentives received |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Total Sales |
37.674 |
91.435 |
106.806 |
124.607 |
143.921 |
|
|
|
|
|
|
|
|
|
2 |
Less: Excise Duty, VAT |
2.669 |
10.857 |
16.267 |
18.978 |
21.919 |
|
|
|
|
|
|
|
|
|
3 |
Net Sales (Item 1 - Item 2) |
35.005 |
80.578 |
90.539 |
105.629 |
122.002 |
|
|
|
|
|
|
|
|
|
4 |
Percentage rise (+) or fall (-) in sales |
-- |
130.19% |
12.36% |
16.67% |
15.50% |
|
|
|
|
|
|
|
|
|
5 |
Cost of Sales |
|
|
|
|
|
|
|
Purchases (including stores and spares and other items used in the
process of manufacture) |
28.162 |
52.222 |
61.001 |
71.167 |
82.198 |
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Indigenous |
28.162 |
52.222 |
61.001 |
71.167 |
82.198 |
|
|
|
|
|
|
|
|
|
|
Consumables |
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Direct expenses |
3.553 |
7.623 |
9.154 |
10.235 |
11.854 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
|
|
|
|
|
|
|
|
|
|
Sub Total |
36.432 |
68.641 |
77.765 |
87.990 |
99.759 |
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock in Process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub Total |
36.432 |
68.641 |
77.765 |
87.990 |
99.759 |
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock in Process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Cost of Production |
36.432 |
68.641 |
77.765 |
87.990 |
99.759 |
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock Finished Goods |
-- |
13.000 |
14.961 |
17.539 |
20.351 |
|
|
|
|
|
|
|
|
|
|
Sub Total |
36.432 |
81.641 |
92.726 |
105.529 |
120.110 |
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock Finished Goods |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
|
|
|
|
|
|
|
|
|
Total Cost of Sales |
23.432 |
66.680 |
75.187 |
85.178 |
96.597 |
|
|
|
|
|
|
|
|
|
6 |
Selling, General and Administrative expenses |
2.326 |
2.442 |
2.564 |
2.692 |
2.827 |
|
|
|
|
|
|
|
|
|
7 |
Sub Total |
25.758 |
69.122 |
77.751 |
87.870 |
99.423 |
|
|
|
|
|
|
|
|
|
8 |
Operating Profit before Interest (3-7) |
9.247 |
11.456 |
12.788 |
17.759 |
22.578 |
|
|
|
|
|
|
|
|
|
9 |
Interest and finance charges |
5.705 |
5.766 |
4.914 |
4.062 |
3.210 |
|
|
|
|
|
|
|
|
|
10 |
Operating Profit after Interest (8-9) |
3.543 |
5.690 |
7.874 |
13.697 |
19.368 |
|
|
|
|
|
|
|
|
|
11 |
Other non-operating income |
|
|
|
|
|
|
|
(a) Misc. Income |
-- |
-- |
-- |
-- |
-- |
|
|
(b) |
|
|
|
|
|
|
|
(c) |
|
|
|
|
|
|
|
(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal
(Income) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12 |
Deduct non-operating expenses |
|
|
|
|
|
|
|
(b) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Subtotal
(expenses) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13 |
Net of other non-operating income and expenses [11-12] |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13 |
Profit/Loss before Tax [10+13] |
3.543 |
5.690 |
7.874 |
13.697 |
19.368 |
|
|
|
|
|
|
|
|
|
14 |
Provision for taxes |
|
|
|
|
|
|
|
(a) Current Tax |
1.004 |
1.667 |
2.342 |
4.141 |
5.894 |
|
|
(b) Deferred Tax |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Subtotal (I+II+III) |
1.004 |
1.667 |
2.342 |
4.141 |
5.894 |
|
|
|
|
|
|
|
|
|
15 |
Net Profit/Loss
after tax (13-14) |
2.539 |
4.023 |
5.532 |
9.555 |
13.474 |
|
|
|
|
|
|
|
|
|
16 |
Drawings |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
17 |
Retained Profit |
2.539 |
4.023 |
5.532 |
9.555 |
13.474 |
|
|
|
|
|
|
|
|
|
18 |
Retained
Profit/Net Profit (%) |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
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 |
|
|
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
1 |
Short term borrowings from banks (including bills purchased, discounted
and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
|
(I) From Applicant Bank |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
|
(II) From other Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(III) Of which BP and BD |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (A) |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
2 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3 |
Sundry Creditors (Trade) |
1.004 |
1.895 |
2.222 |
2.578 |
2.978 |
|
|
|
|
|
|
|
|
|
4 |
Advance payments from customers / deposits from dealers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
5 |
Provision for taxes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
6 |
Dividend payable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
7 |
Other statutory liabilities (due within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
8 |
Deposits/installments of term loans / DPGS / Debentures, etc. (due
within one year) |
6.085 |
6.085 |
6.085 |
6.085 |
6.085 |
|
|
|
|
|
|
|
|
|
9 |
Other current liabilities and provisions (due within one year. Specify
major items) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
7.089 |
7.980 |
8.306 |
8.662 |
9.063 |
|
|
|
|
|
|
|
|
|
10 |
TOTAL CURRENT
LIABILITIES |
17.089 |
17.980 |
18.306 |
18.662 |
19.063 |
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
11 |
Debentures (Not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12 |
Preference Shares (redeemable after one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13 |
Term Loans (excluding installments payable within one year) |
27.887 |
21.803 |
15.718 |
9.634 |
3.549 |
|
|
|
|
|
|
|
|
|
14 |
Deferred Payment Credits (excluding installments due within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
15 |
Term Deposits (repayable after one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
16 |
Other Term Liabilities |
18.670 |
18.670 |
18.670 |
18.670 |
18.670 |
|
|
|
|
|
|
|
|
|
17 |
TOTAL TERM
LIABILITIES |
46.558 |
40.473 |
34.389 |
28.304 |
22.220 |
|
|
|
|
|
|
|
|
|
18 |
TOTAL OUTSIDE
LIABILITIES |
63.646 |
58.453 |
52.695 |
46.966 |
41.282 |
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
19 |
Capital |
22.500 |
22.500 |
22.500 |
22.500 |
22.500 |
|
|
|
|
|
|
|
|
|
20 |
Surplus (+) or Deficit (-) in Profit and Loss Account |
2.245 |
5.974 |
11.212 |
20.473 |
33.653 |
|
|
|
|
|
|
|
|
|
21 |
(a) Others (specify) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
22 |
NET WORTH |
24.745 |
28.474 |
33.712 |
42.973 |
56.153 |
|
|
|
|
|
|
|
|
|
23 |
TOTAL LIABILITIES |
88.391 |
86.926 |
86.406 |
89.939 |
97.436 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
26 |
Cash and Bank Balances |
0.898 |
0.311 |
3.623 |
8.963 |
16.842 |
|
|
|
|
|
|
|
|
|
27 |
Investments (Other than long term investment) |
|
|
|
|
|
|
|
(a) Government and other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(b) Fixed Deposits with Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
28 |
(a) Receivables other than deferred and exports (include bills
purchased and discounted by banks) |
5.834 |
12.087 |
13.581 |
15.844 |
18.300 |
|
|
|
|
|
|
|
|
|
|
(b) Export Receivables (include bills purchased and discounted by
banks) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
29 |
Installments of deferred receivables (due within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
30 |
Inventory |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
|
(a) Raw Materials (including stores and other items used un the
process of manufacture) |
|
|
|
|
|
|
|
- Imported |
-- |
-- |
-- |
-- |
-- |
|
|
- Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(b) Stock in Process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(c) Finished Goods |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
|
|
|
|
|
|
|
|
|
(d) Other Consumable Spares |
|
|
|
|
|
|
|
- Imported |
-- |
-- |
-- |
-- |
-- |
|
|
- Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
31 |
Advances to suppliers of Raw Materials and Stores and Spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
32 |
Advance payment of Taxes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
33 |
Other Current Assets (Specify major items) |
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
34 |
TOTAL CURRENT
ASSETS |
19.732 |
27.359 |
34.743 |
45.158 |
58.655 |
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
35 |
Gross Block |
72.200 |
67.483 |
58.686 |
51.076 |
44.488 |
|
|
|
|
|
|
|
|
|
36 |
Less: Depreciation to date |
4.717 |
8.797 |
7.610 |
6.588 |
5.707 |
|
|
|
|
|
|
|
|
|
37 |
Net Block |
67.483 |
58.686 |
51.076 |
44.488 |
38.781 |
|
|
|
|
|
|
|
|
|
|
Capital Work in Progress |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
38 |
Investments / Book debts / Advances/ Deposits which are not Current
Assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(a) Investments in Subsidiary Companies / Affiliates |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(b) Other investments |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(c) Advances to suppliers of capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(d) Deferred Receivables (Maturity exceeding one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(e) Others |
|
|
|
|
|
|
|
- Debtors more than 6
months |
-- |
-- |
-- |
-- |
-- |
|
|
- Security Deposits |
-- |
-- |
-- |
-- |
-- |
|
|
- Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
39 |
Non Consumable Stores and Spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
40 |
Other non-current assets (including dues from Directors) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
41 |
TOTAL OTHER
NON-CURRENT ASSETS |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
42 |
Intangible Assets |
1.176 |
0.882 |
0.588 |
0.294 |
-- |
|
|
|
|
|
|
|
|
|
43 |
TOTAL ASSETS
(34+37+41+42) |
88.391 |
86.926 |
86.406 |
89.939 |
97.436 |
|
|
|
|
|
|
|
|
|
44 |
Investments in Associates |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
45 |
Net Working Capital |
2.644 |
9.379 |
16.437 |
26.495 |
39.592 |
|
|
|
|
|
|
|
|
|
|
Current Ratio |
1.15 |
1.52 |
1.90 |
2.42 |
3.08 |
|
|
|
|
|
|
|
|
|
|
TNW |
24.745 |
28.474 |
33.712 |
42.973 |
56.153 |
|
|
|
|
|
|
|
|
|
|
TOL / TNW |
2.57 |
2.05 |
1.56 |
1.09 |
0.74 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION
OF MAXIMUM PERMISSIBLE BANK FINANCE (TURNOVER METHOD)
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
1 |
Gross Sales (Annualised) |
37.674 |
91.435 |
106.806 |
124.607 |
143.921 |
|
|
|
|
|
|
|
|
|
2 |
25% of Gross Sales |
9.419 |
22.859 |
26.701 |
31.152 |
35.980 |
|
|
|
|
|
|
|
|
|
4 |
Margin Required - 5% of Gross Sales |
1.884 |
4.572 |
5.340 |
6.230 |
7.196 |
|
|
|
|
|
|
|
|
|
5 |
Eligible Bank Finance (2-3) |
7.535 |
18.287 |
21.361 |
24.921 |
28.784 |
|
|
|
|
|
|
|
|
|
8 |
Permissible Bank Finance (Lower of 6 and 7) |
7.535 |
18.287 |
21.361 |
24.921 |
28.784 |
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings |
2.465 |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION
OF MAXIMUM PERMISSIBLE BANK FINANCE (2ND METHOD)
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
1 |
Total Current Assets |
19.732 |
27.359 |
34.743 |
45.158 |
58.655 |
|
|
|
|
|
|
|
|
|
2 |
Total Current Liabilities (CL) (Except Bank Borrowings and TL Installments due within one year) |
1.004 |
1.895 |
2.222 |
2.578 |
2.978 |
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap |
18.728 |
25.464 |
32.521 |
42.580 |
55.677 |
|
|
|
|
|
|
|
|
|
4 |
Minimum stipulated Net Working Capital (25% of Total Current Assets excluding Export Receivables) |
4.933 |
6.840 |
8.686 |
11.289 |
14.664 |
|
|
|
|
|
|
|
|
|
5 |
Actual/Projected NWC |
8.728 |
15.464 |
22.521 |
32.580 |
45.677 |
|
|
|
|
|
|
|
|
|
6 |
Item 3 - 4 |
13.795 |
18.624 |
23.836 |
31.290 |
41.013 |
|
|
|
|
|
|
|
|
|
7 |
Item 3 - 5 |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
8 |
Maximum Permissible Bank Finance (Lower of 6 and 7) |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings Representing Shortfall in NWC |
Nil |
Nil |
Nil |
Nil |
(0.00) |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE
AND FINANCIAL INDICATORS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
Domestic Sales (Gross) |
37.674 |
91.435 |
106.806 |
124.607 |
143.921 |
|
|
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Sales |
35.005 |
80.578 |
90.539 |
105.629 |
122.002 |
|
|
|
|
|
|
|
|
Percentage rise/fall in net sales |
-- |
130.19% |
12.36% |
16.67% |
15.50% |
|
|
|
|
|
|
|
|
Net Profit Growth (%) |
-- |
58.46% |
37.51% |
72.73% |
41.01% |
|
|
|
|
|
|
|
|
PBDIT |
13.965 |
20.253 |
20.398 |
24.347 |
28.285 |
|
|
|
|
|
|
|
|
Operating Profits (PBIT) |
9.247 |
11.456 |
12.788 |
17.759 |
22.578 |
|
|
|
|
|
|
|
|
Profit Before Tax (PBT) |
3.543 |
5.690 |
7.874 |
13.697 |
19.368 |
|
|
|
|
|
|
|
|
PBT/Net Sales |
10.12% |
7.06% |
8.70% |
12.97% |
15.88% |
|
|
|
|
|
|
|
|
Profit After Tax (PAT) |
2.539 |
4.023 |
5.532 |
9.555 |
13.474 |
|
|
|
|
|
|
|
|
Cash Accrual (After dividend) |
7.256 |
12.820 |
13.142 |
16.143 |
19.181 |
|
|
|
|
|
|
|
|
Total Tangible Assets (TTA) |
87.215 |
86.044 |
85.818 |
89.645 |
97.436 |
|
|
|
|
|
|
|
|
Total Outside Liabilities |
63.646 |
58.453 |
52.695 |
46.966 |
41.282 |
|
|
|
|
|
|
|
|
Paid up Capital |
22.500 |
22.500 |
22.500 |
22.500 |
22.500 |
|
|
|
|
|
|
|
|
TNW |
23.569 |
27.592 |
33.124 |
42.679 |
56.153 |
|
|
|
|
|
|
|
|
TOL/TNW (Times) |
2.70 |
2.12 |
1.59 |
1.10 |
0.74 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Times) |
2.53 |
1.99 |
1.50 |
1.03 |
0.68 |
|
|
|
|
|
|
|
|
NWC |
2.644 |
9.379 |
16.437 |
26.495 |
39.592 |
|
|
|
|
|
|
|
|
Current Ratio |
1.15 |
1.52 |
1.90 |
2.42 |
3.08 |
|
|
|
|
|
|
|
|
Quick Ratio |
0.39 |
0.69 |
0.94 |
1.33 |
1.84 |
|
|
|
|
|
|
|
|
Adjusted TNW |
23.569 |
27.592 |
33.124 |
42.679 |
56.153 |
|
|
|
|
|
|
|
|
Adjusted TOL/TNW |
2.70 |
2.12 |
1.59 |
1.10 |
0.74 |
|
|
|
|
|
|
|
|
OTHER RATIOS |
|
|
|
|
|
|
Operating Cost/Net Sales (%) |
73.58% |
85.78% |
85.88% |
83.19% |
81.49% |
|
|
|
|
|
|
|
|
Net Sales/TTA (times) |
0.40 |
0.94 |
1.06 |
1.18 |
1.25 |
|
|
|
|
|
|
|
|
PBDIT |
13.965 |
20.253 |
20.398 |
24.347 |
28.285 |
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
|
|
|
|
Net Sales/Total Tangible Assets |
0.40 |
0.94 |
1.06 |
1.18 |
1.25 |
|
|
|
|
|
|
|
|
PBT/Total Tangible Assets (%) |
4.06% |
6.61% |
9.18% |
15.28% |
19.88% |
|
|
|
|
|
|
|
|
Bank Finance/Current Assets (%) |
50.68% |
36.55% |
28.78% |
22.14% |
17.05% |
|
|
|
|
|
|
|
|
Inventory + Receivables to Net Sales (Days) |
196.38 |
122.52 |
125.46 |
125.07 |
125.10 |
|
|
|
|
|
|
|
|
RISK RATING
RELATED RATIOS |
|
|
|
|
|
|
Current Ratio |
1.15 |
1.52 |
1.90 |
2.42 |
3.08 |
|
|
|
|
|
|
|
|
TOL / TNW (Times) |
2.70 |
2.12 |
1.59 |
1.10 |
0.74 |
|
|
|
|
|
|
|
|
PBDIT/Interest (Times) |
2.45 |
3.51 |
4.15 |
5.99 |
8.81 |
|
|
|
|
|
|
|
|
PAT/Net Sales (%) |
7.25% |
4.99% |
6.11% |
9.05% |
11.04% |
|
|
|
|
|
|
|
|
ROCE (%) (PBDIT/TA) |
15.80% |
23.30% |
23.61% |
27.07% |
29.03% |
|
|
|
|
|
|
|
|
(INV+REC)/Sales (Days) |
182.47 |
107.97 |
106.35 |
106.02 |
106.04 |
|
|
|
|
|
|
|
|
INVENTORY AND
RECEIVABLES HOLDING LEVELS |
|
|
|
|
|
|
Stock in Process |
-- |
-- |
-- |
-- |
-- |
|
Holding Period in Months |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Finished Goods |
13.000 |
14.961 |
17.539 |
20.351 |
23.513 |
|
Holding Period in Months |
6.66 |
2.69 |
2.80 |
2.87 |
2.92 |
|
Holding Period in Days |
202.50 |
81.90 |
85.14 |
87.20 |
88.85 |
|
|
|
|
|
|
|
|
Receivables |
|
|
|
|
|
|
(A) Indigenous |
5.834 |
12.087 |
13.581 |
15.844 |
18.300 |
|
Holding Period in Months |
1.86 |
1.59 |
1.53 |
1.53 |
1.53 |
|
|
|
|
|
|
|
|
Receivables (Total) |
5.834 |
12.087 |
13.581 |
15.844 |
18.300 |
|
Holding Period in Days |
56.52 |
48.25 |
46.41 |
46.41 |
46.41 |
|
|
|
|
|
|
|
|
Sundry Creditors |
1.004 |
1.895 |
2.222 |
2.578 |
2.978 |
|
Holding Period in Days |
11.56 |
11.56 |
11.56 |
11.56 |
11.56 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS.
PRIYANKA GUPTA
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT IN MILLIONS |
|
ASSETS |
|
|
Plot bearing Plot No.909, in Sy.No.156, situated at Adi Tirumala Nagar, Majeepur (V), Hayathnagar Revenue Mandal, Ranga Reddy District. |
1.650 |
|
|
|
|
Plot bearing Plot No.37 and 47, in Sy.Nos.104, 105 and 106, situated at Adi Balaji Nagar, Jalalpur (V), B Pochampally Revenue Mandal, Ranga Reddy District. |
1.500 |
|
|
|
|
Investment in Krishna Foods as on 31st March 2013 |
1.509 |
|
|
|
|
Investment in Gunal Foods Private Limited |
2.500 |
|
|
|
|
Gold and Jewellary |
1.350 |
|
|
|
|
Cash and bank balance |
0.050 |
|
|
|
|
TOTAL ASSETS |
8.559 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MRS.
SUSHEELA DEVI
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT IN MILLIONS |
|
ASSETS |
|
|
Investment in Gunal Foods Private Limited |
2.000 |
|
|
|
|
Gold and Jewellary |
1.600 |
|
|
|
|
Cash and bank balance |
0.050 |
|
|
|
|
TOTAL ASSETS |
3.650 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
HARISH CHANDRA GUPTA
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT IN MILLIONS |
|
ASSETS |
|
|
50% share in Residential Building bearing H.No.137/1, 137/2 and 137/5, in H.No.17-1-391/T/250, Saraswathi Nagar, Saidabad, Hyderabad, admeasuring 300 Sq. Yds with built up area 7400 Sq. ft. |
10.000 |
|
|
|
|
Factory Land and Sheds in Sy.No.42 Part/AA, 42/EE and 5/1-28, Situated at Bongloor (V), Ibrahimpatnam (M), Ranga Reddy District, admeasuring 1 Ac 28 Guntas. |
50.000 |
|
|
|
|
Flat in Sahara City Homes, in Indore |
5.000 |
|
|
|
|
Investment in Sonia Foods as on 31st March 2014 |
5.477 |
|
|
|
|
Investment in Gunal Foods Private Limited |
2.500 |
|
|
|
|
Cash and bank balance |
0.500 |
|
|
|
|
TOTAL ASSETS |
73.477 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
SUMIT GUPTA
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT IN MILLIONS |
|
ASSETS |
|
|
Plot bearing Plot Nos.11, 12 and 13 in Sector 8, Sy.Nos.104 and 105, Situated at Jalapur (V), Pochampally (M), Nalgonda District, admeasuring 624 Sq. Yds. |
9.000 |
|
|
|
|
Plot bearing Plot No.395, Sy.Nos.156, Situated at Majeedpur (V), Hayathnagar (M), Ranga Reddy District, admeasuring 200 Sq. Yds. |
3.000 |
|
|
|
|
Investment in Priya Trading Company as on 31st March 2014 |
2.526 |
|
|
|
|
Investment in Himalaya Foods as on 31st March 2014 |
1.320 |
|
|
|
|
Investment in Gunal Foods Private Limited |
2.000 |
|
|
|
|
Cash and bank balance |
0.200 |
|
|
|
|
TOTAL ASSETS |
18.046 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR.
SHASHANK GUPTA
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT IN MILLIONS |
|
ASSETS |
|
|
Flat at Lokayutha Colony, Saraswathi Nagar, Hyderabad |
4.000 |
|
|
|
|
Investment in Krishna Foods as on 31st March 2014 |
4.369 |
|
|
|
|
Investment in Gunal Foods Private Limited |
2.000 |
|
|
|
|
Cash and bank balance |
0.250 |
|
|
|
|
TOTAL ASSETS |
10.619 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
INTRODUCTION:
Chocolates
and Confectionery have indulged the mankind, in its various tastes and
forms, ever since it was first made. Chocolates means "Food of the God”
(The scientific name of the Chocolate - cacao tree's fruit is "Theobroma
Cacao" which means "food of the gods.).Consumers of all age groups
prefer chocolate and confectionery products because of their attractive
appearance and colour. Now-a-days varieties of products have gained importance
due to their delicious taste and better keeping quality making a direct impact
on demand. All of these delicious products range from fancy boxed chocolates to
chocolate bars, baking chocolate to cocoa powder.
The chocolate and confectionery category, the second largest packaged
food segment, has been growing steadily in all regions over the past few years,
globally; chocolate confectionery is the largest sector in terms of value.
PROMOTERS:
Mrs. Priyanka Gupta, W/o. Sumit Gupta,
completed BA from Aliged University, now she is looking after her uncle’s
family business such as Trading of Food Products in name of M.P. Food Products.
She is working as a marketing team in SRK Food Products Private Limited.
Promoters for SRK Food Products Private Limited are Mr. Harish Chandra Gupta S/o.
Nanda Kishore Gupta and Mrs. Prathibha Devi W/o. Harish Chandra Gupta.
The promoters of Gunal Food Products Private
Limited are Mrs. Priyanka Gupta Daughter in Law of Mr. Harish Gupta and Mrs.
Susheela Devi, mother of Mr. Harish Gupta.
Mr. Harish Chandra Gupta, aged about 55 years,
purchased a land in the year 2006 at bongloor (V), Ibrahimpatnam and setup a
manufacturing industry related to Food Products. He has an decades of
experience in the field of food related products and carrying the business in the
names of his family members, such as:-
1) Sonia Foods, Prop: Harish Chandra Gupta, carrying the business of
manufacturing of food products in his name and has achieved a turnover of
Rs.12.500 Millions during the financial year 2013-14 and projecting a turnover
of Rs.15.000 Millions for the current financial year. Capital investment in the
above said business as on 31.03.2014 is Rs.5.500 Millions.
2) Quality Sweets and Namkeens, Prop: Prathibha Devi, carrying the business
of manufacturing of food products. Mr. Harish Gupta Carrying the business in
his wife name and has achieved a turnover of Rs.13.000 Millions during the
financial year 2013-14. Capital investment in the above said business as on
31.03.2014 is Rs.4.500 Millions.
3) Priya Trading Company, Prop: Sumit Gupta, carrying the business of
Trading of food products. Mr. Harish Gupta Carrying the business in his son
name and has achieved a turnover of Rs.31.000 Millions during the financial
year 2013-14. Capital investment in the above said business as on 31.03.2014 is
Rs.4.000 Millions.
4) Krishna Foods, Prop: Shashank Gupta, carrying the business of
manufacturing of food products. Mr. Harish Gupta Carrying the business in his
Son in Law name and has achieved a turnover of Rs.14.700 Millions during the
financial year 2013-14. Capital investment in the above said business as on
31.03.2014 is Rs.4.500 Millions.
5) SRK Food Products Private Limited, represented by its Managing Director
Mr. Harish Chandra Gupta, carrying the business of manufacturing of food
products. Mr. Harish Gupta Carrying the business in company name and has
achieved a turnover of Rs.15.000 Millions during the financial year 2013-14.
Reserves and Surplus as on 31.03.2014 is Rs.13.700 Millions.
6) Mr. Harish Gupta, also carrying the business related to food products, in
his other family members names, such as M.P. Food Products, S.M Food Products
and Himalaya Foods etc.
Mr. Harish Gupta aged 53 years, born in Uttar Pradesh,
Dist.: Moradabad migrated to Hyderabad in the year 2000. He started manufacturing
of fryums and corn puff in a small industry in an unorganized way. Subsequently
he started Sonia Foods in the year 2006 as a company with passion and
dedication for innovation, expertise and satisfaction. Customers recognized
them as the manufacturer of outstanding quality, exceptional taste and value
for money ready to eat snacks comprising fryums, corn puffs, kurkure etc.
They market their products all across India with a vision of getting into
exports successively accomplishing Indian markets. With this stature comes both
responsibility and opportunity. Their responsibility is to be an ethical
corporate citizen—but their opportunity is something far greater, and is
embodied in their Purpose. Their Purpose, Values and Principles are the
building blocks of their culture. Their Purpose unifies them in a shared
vision, their Values classify their behaviors toward each other and their
Principles articulate their beliefs about business. They will provide branded
products and services of superior quality and value that enhance the lives of
the consumers, now and for generations to come. As a result, consumers will
reward them with leadership sales, profit and value creation, allowing their
people, their associates and the communities in which they live and work to
flourish. Successively, started SRK Food Products in the year 2006 with a
vision of making it big and converted the same into SRK Food Products Private
Limited in the year 2011.
MARKETING STRATEGY:
Raw material required for final production will
be procured from the existing dealers/distributors and others dealing with the
respecting products. As the promoters having experience in the food
manufacturing industry, with the experience they will procure quality of
materials with the best market rates. Promoters opinion that with their
experience they can easily identify the quality of materials in the market.
They supply their manufactured chocolate
product to the distributors/dealers based on their requirements. They are in
contact with the distributors/dealers for the last 10 years and doing continues
business with them by supplying food products which are manufactured in their
plant. They are very much confident on their products with respect to quality
and prompt supply of products in time. Some of the distributors/dealers in
different states are given below:-
|
1 |
Hubli Sweets |
Karnataka |
|
|
|
|
|
2 |
Diamond Traders |
Bangalore |
|
|
|
|
|
3 |
Ayyappa Trading Co. |
Chennai |
|
|
|
|
|
4 |
Jainuddin Traders |
Coimbatore |
|
|
|
|
|
5 |
Ridwan Traders |
Tamilnadu |
|
|
|
|
|
6 |
Punam Punch |
Lathore |
|
|
|
|
|
7 |
Lingaraj Trading Co |
Barampoor |
|
|
|
|
|
8 |
Payal Foods |
Bhubaneswar |
|
|
|
|
|
9 |
Ashok Upparpalli |
Telangana |
|
|
|
|
|
10 |
Bhumaiah Agencies |
Hyderabad |
As a general business practice they extend the credit period of 30 to 45
days to the distributors/dealers. As they are procuring the materials from the
distributors/dealers directly they have to make the payments on purchase. This
is where the Working capital need is being arises.
They are employing a well-qualified and experienced Site Engineer in
their plant. Further, technical supervisors are also being employed to monitor
the day to day production activities.
THE CHOCOLATE MAKING PROCESS
COCOA POWDER
METHOD
Chocolate is made from cocoa mass, with sugar, cocoa butter and,
optionally, milk added. The resulting mixtures is rolled and conched. Conching
is a treatment whereby chocolate is kept in continuous movement to allow the
cocoa mass to thicken and to develop into a homogenous substance. This process
also allows vanilla acids to escape, whereby the aroma is improved. Conching
lasts for a number of hours. The name originates from the smell- shaped
container in which the treatment took place in former days. Depending on the
desired taste, other ingredients may be added.
Finally the hot chocolate mass must be allowed to cool slowly. This
process, called “tempering” is important for the right crystallization of the
cocoa butter. After tampering, the chocolate can be poured into any desired
form and hardened. During the hardening process the volume of the chocolate is
reduced, allowing the chocolate to come out of the mould automatically.
White chocolate is made in a manner similar to ordinary chocolate the
only difference being the white chocolate does not contain any chocolate mass,
just cocoa butter, sugar, milk and vanilla.
Ingredients for
Manufacturing of Chocolate:
1)
Sugar
2)
Shimmed Milk Powder
3)
White Milk Powder
4)
Co Co Powder
5)
Butter Substitute
6)
Lelithin Essence
7)
PGPR
8)
Ethyl Venelene Powder
9)
Dairy Milk Chocolate Flavour
10)
Creamy Venila Flavour
The cocoa-bean
The heart of the
sweetest delicacy in the world -- is bitter! This is why, up to the 18th
century some native tribes ate only the sweetish flesh of the cocoa fruit. They
regarded the precious bean as waste or used it, as was the case among the
Aztecs, as a form of currency. The Varieties there are two quite different
basic classifications of cocoa, under which practically all varieties can be categorised:
Criollo and Forastero cocoas. The pure variety of the Criollo tree is found
mainly in its native Equador and Venezuela. The seeds are of finer quality than
those of the Forastero variety.
They have a particularly fine, mild aroma and are, therefore,
used only in the production of high-quality chocolate and for blending.
However, Criollo cocoa accounts for only 10% of the world crop. The remaining
90% is harvested from trees of the Forastero family, with its many hybrids and
varieties. The main growing area is West Africa. The cocoa tree can flourish
only in the hottest regions of the world.
The Harvest immediately after harvesting, the
fruit is treated to prevent it from rotting. At fermentation sites either in
the plantation or at, collecting points, the fruit is opened.
Fermentation
The fermentation process is decisive in the production
of high quality raw cocoa. The technique varies depending on the growing
region.
Drying
After fermentation, the raw cocoa still contains
far too much water; in fact about 60%. Most of this has to be removed. What
could be more natural than to spread the beans out to dry on the sun-soaked
ground or on mats? After a week or so, all but a small percentage of the water
has evaporated.
Cleaning
Before the real processing begins; the raw cocoa
is thoroughly cleaned by passing through sieves, and by brushing. Finally, the
last vestiges of wood, jute fibres, sand and even the finest dust are extracted
by powerful vacuum equipment.
Roasting
The subsequent roasting process is primarily designed
to develop the aroma. The entire roasting process, during which the air in the
nearly 10 feet high furnaces reaches a temperature of 130 °C, is carried out
automatically.
Waste moisture and acid compounds evaporate during the
roasting process, and the beans become a uniform shade of deep-brown. Cocoa
roasting is a very important stage of the whole manufacturing process, and the
future quality of the chocolate, and its smell and taste depend on it just as much
as they do on fermentation. Sometimes different grades of cocoa (or cocoa of
one grade, but grown in different countries) are mixed for roasting. The
majority of the major chocolate manufacturers keep their methods and conditions
of roasting a secret. After roasting, the shells are removed and the cocoa
beans are crushed into cocoa nibs.
Crushing and shelling
The roasted beans are now broken into medium sized pieces in the crushing machine.
Blending
Before grinding, the crushed beans are weighed
and blended according to special recipes. The secret of every chocolate factory
lies in the special mixing ratios which it has developed for different types of
cocoa.
Grinding
The crushed cocoa beans, which are still fairly coarse
are now pre-ground by special milling equipment and then fed on to rollers
where they are ground into a fine paste. The heat generated by the resulting
pressure and friction causes the cocoa butter (approximately 50% of the bean)
contained in the beans to melt, producing a thick, liquid mixture.
This is dark brown in colour with a
characteristic, strong odour. During cooling it gradually sets: this is the
cocoa paste.
At this point the production process divides
into two paths, but which soon join again. A part of the cocoa paste is taken
to large presses, which extract the cocoa butter. The other part passes through
various blending and refining processes, during which some of the cocoa butter
is added to it. The two paths have rejoined.
Cocoa
Butter
The cocoa butter has important functions. It not only forms part of every recipe, but it also later gives the chocolate its fine structure, beautiful lustre and delicate, attractive glaze.
Cocoa
Liquor
Roasted and cleaned cocoa-nibs are carefully ground. The finer the cocoa-nibs are ground at this stage, the fuller and finer the taste of the chocolate. The size of the cocoa particles passed through the grinding machinery, should not exceed 75 microns—such cocoa is called coca liquor.
These cakes are crushed again, ground to powder
and finely sifted in several stages and they obtain a dark, strongly aromatic
powder which is excellent for the preparation of delicious drinks - cocoa.
Cocoa paste, cocoa butter, sugar and milk are the four basic ingredients for
making chocolate. By blending them in accordance with specific recipes the
three types of chocolate are obtained which form the basis of ever product
assortment, namely: (A or B Process)
A-Kneading
In the case of milk chocolate for example, the
cocoa paste, cocoa butter, powdered or condensed milk, sugar and flavouring -
maybe vanilla - go into the mixer, where they are pulverized and kneaded.
Rolling
Depending on the design of the rolling mills,
three or five vertically mounted steel rollers rotate in opposite directions.
Under heavy pressure they pulverise the tiny particles of cocoa and sugar down
to a size of approx. 30 microns. (One micron is a thousandth part of a
millimetre.)
B-Pressing
The cocoa liquor contains 54% cocoa butter, the very
valuable substance essential for the production of real chocolate. Cocoa liquor
is heated up to 95−105 °C and is then pressed. As a result, cocoa butter
is separated from the solids, which are subsequently used for the production of
cocoa powder.
Mixing
and grinding
Cocoa liquor, sugar and part of the cocoa butter are mixed in specified proportions. After mixing the mass is ground. This stage is very important for the production of chocolate: the finer the crushing, the more delicate the taste. Please note that the overall content of natural cocoa-products in such a mix largely determines not only the quality, but also the cost of the chocolate. This especially concerns the contents of cocoa-butter, an extremely valuable and expensive product. But in various cheap substitutes cocoa-butter is almost invariably absent. It is the reason for the so-called “attractive” prices, which are used by not too scrupulous manufacturers to please not very experienced clients.
Conching
But still the chocolate paste is not smooth
enough to satisfy their palates. But within two or three days all that will
have been put right. For during this period the chocolate paste will be refined
to such an extent in the conches that it will flatter even the most
discriminating palate.
Conches (from the Spanish word
"concha", meaning a shell) is the name given to the troughs in which
100 to 1000 kilograms of chocolate paste at a time can be heated up to 80 °C
and, while being constantly stirred, is given a velvet smoothness by the
addition of certain amounts of cocoa butter. A kind of aeration of the liquid
chocolate paste then takes place in the conches: its bitter taste gradually
disappears and the flavour is fully developed. The chocolate no longer seems
sandy, but dissolves meltingly on the tongue. It has attained the outstanding
purity which gives it its reputation Cocoa Powder. After the cocoa butter has
left the press, cocoa cakes are left which still contain a 10 to 20% proportion
of fat depending on the intensity of compression.
After mixing and grinding the chocolate mass is
subjected to conching: intensive mixing at high temperature. Conching is a very
long (up to 24 hours) process and, as a result, the superfluous moisture and
the residual tannins are evaporated from the chocolate mass, and the cocoa
solids are rounded off. The consistency of the chocolate becomes more
homogeneous, and the taste—gentler, the well-known “melt in the mouth” effect.
After processing the chocolate mass, the rest of the components are added
according to the recipe: cocoa butter and lecithin—for mass attenuation and
optimized moulding; natural flavoring agent (vanilla)—for a subtler and more
delicate aroma.
Tempering
Tempering is a key part of chocolate production.
It is a long and complex process, which requires great experience and skill.
After conching, the hot chocolate mass should be cooled, but it requires
several stages to do this, because of the cocoa-butter contents. The problem is
that cocoa-butter is a polymorphic fat, which crystallizes and congeals while
cooling, but can take on different consistencies according to cooling
conditions. Tempering is necessary for the cocoa butter to obtain the most
stable consistency. For this purpose, the hot chocolate is at first cooled down
to 28 °С, and then reheated to 32 °С. If the process is upset at
any one of the tempering stages, this will be reflected in the appearance and
consistency of the chocolate. For example, a characteristic white bloom can
appear on its surface. Such a “bloom” is the result of incorrect tempering.
Moreover, the “bloom” does not appear at once, but some time later. Also, the
chocolate can become hard-grained and crumbly due to incorrect cooling. In this
case, its taste properties will be retained, but its appearance for marketing
purposes will be hopelessly damaged.
Moulding
After tempering, the chocolate is poured into heated
moulds. At this stage, if the recipe requires it, various additives (for
example, nuts) are put into the chocolate. After that, the chocolate is put
into coolers. The chocolate solidifies and a beautiful shine appears on its
surface. Then the moulds with the solid chocolate are upturned and shaken on to
the conveyor.
Packaging
and labeling
The last stage in the manufacture of chocolate is its packaging and labeling. And if the chocolate is made by the VK Company it will have the precise packaging you, the customer, have ordered.
Conditions
and length of storage
Chocolate should be transported and stored at 18±3 °С, with a relative humidity of less than 75%. If these conditions are not observed, the chocolate can bloom and lose its marketable appearance.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Applicant |
GUNAL FOODS PRIVATE LIMITED Represented by its Director Mrs. Priyanka
Gupta w/o Mr. Sumith Gupta |
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Type of Property |
Industrial Shed |
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Bank and Branch |
Bank of India, Dilsukhnagar Branch |
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Type of Transaction |
Proposed Industrial Shed |
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Name and Contact details of present owner of
the property |
GUNAL FOODS PRIVATE LIMITED Represented by its Director Mrs. Priyanka
Gupta w/o Mr. Sumith Gupta |
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Date of request from RAC |
18.12.2014 |
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Valuation done by |
K. Krishna [Approved Valuer] |
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Date of Property Inspected |
18.12.2014 |
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Complete schedule of the property |
Shed Sy. No. 521, Situated at Elikatta Village
and Gram Panchayath, Farooqnagar Mandal, Mahaboobnagar District. |
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Description and location of property |
The Subject property, Industrial Shed. The
property is located at Elikatta Village and Gram Panchayath, Farooqnagar Mandal,
Mahaboobnagar District. |
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Boundaries of House |
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Whether boundaries of property as in
agreement of sale/ link document |
Yes |
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Type of locality |
Middle Class |
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Developments on surrounding area |
Developing Industrial Zone |
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Availability of amenities like Road, Water
Electricity and Underground |
Yes |
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Distance from Bank [in Kms.] |
65 Km from Bank, Dilsukhnagar Branch |
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Approved use as per Municipal/ Gram
Panchayat |
Comes under Elikatta Gram Panchayath |
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Actual use by occupant |
Industrial Shed |
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Name of the competent authority date of
approval and total |
Lr. No. GP/10/2014, dated 25.11.2014 P. No. Q/4543/2014, dated 14.07.2014 |
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Plot Area and total Nos. of Floors |
As per Actual Plot Area-2.16 Gts or 2.04 Acres RCC Slab-2028 Sq. ft. [ACC] Raw Material Store-2718 Sq. ft. [ACC] Packing Material Store-3098 Sq. ft. [ACC] Finish Goods Store-3225 Sq. ft. [ACC] Moulding Line with Packing-9886 Sq.
ft. [ACC] Process Zone with Ball Mills and
Conche-3598 Sq. ft. Total Area – 24553 Sq. ft. |
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Overall quality of construction |
Good |
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Total area of land [in Sq. yds.] |
2.04 Acres or Ac. 2.16 Gts. |
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Extent of Undivided share of land [UDS] for
flat purchase cases |
-- |
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Plinth area / Built up area approved as
tentative plan [in Sq. ft.] |
-- |
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Built up area in Sq. ft. |
24553. Sq. ft. [As per Actual] |
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Whether the property is on the main road |
Yes |
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Whether the property is subject to road
widening in future? If yes, indicate the |
No |
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Whether the property is occupied by tenant
or owner |
Under Construction i.e. 30% Completed |
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SPECIFICATIONS |
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Type of Construction |
ACC Frame Structure |
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Superstructure |
Brickwalls in cement Mortar |
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Wall finishing |
Internal walls in Cement Mortar |
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Flooring |
Under Construction |
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Doors |
Under Construction |
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Windows |
Under Construction |
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Cupboards |
Under Construction |
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Kitchen facility |
No |
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Toilet facility |
Under Construction |
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Drainage facility |
To be connected to main line |
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Water facility |
Yes |
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Market value of the property [Rs.] based on
comparative valuation method |
Outright sale value in and around is ranging
from Rs. 2400000 to Rs. 2600000 per Sq. yd. under the downward trend market
rates. However, a minimum rate of Rs. 2500000/- per Sq. yd. is taken under
consideration as on date and for construction Rs.800/- per Sq. ft. Land 2.04 Acres x Rs. 2500000/- = Rs. 5.100
Millions |
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Construction Status |
Plinth Area rate 24553 Sq. ft. x Rs. 800/- = Rs. 19.642
Millions |
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Construction Value as on date 30% completed |
Rs. 5.893 Millions |
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Total market value of the property after
completion |
Rs. 24.742 Millions |
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Realizable value of the property 85% |
Rs. 21.031 Millions |
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Value of land as per local Sub-Registrar
Office |
Rs. 300000/- per Acre and Rs.400/- per Sq. ft.
As per SRO i.e.2.04 Acres x Rs. 300000 + 24553 x 400 = Rs. 10.433 Millions |
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Government Value |
Rs. 10.433 Millions |
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Present stage of construction and percentage
of work completed |
Under Construction |
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Year of Construction age of property |
2014 [Under Construction] |
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Residual life of the property |
40 years |
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Pending working to be completed |
NA |
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As per local enquiry, who is the current
owner of property |
GUNAL FOODS PRIVATE LIMITED Represented by its Director Mrs. Priyanka
Gupta w/o Mr. Sumith Gupta |
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|
|
|
|||||||||||||||
|
Report submitted based on the following
documents |
A copy of Regd. Rectification Deed, Doct No.
6687/2014, dated 11.09.2014 and Conversion
|
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Insurable value of the property |
-- |
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Recommended for funding [Yes/No] |
Yes |
------------------------------------------------------------------------------------------------------------------------------
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 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. 63.18 |
|
|
1 |
Rs. 98.85 |
|
Euro |
1 |
Rs. 77.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
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.