|
Report Date : |
24.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAIL VIEW HOTEL |
|
|
|
|
Registered
Office : |
Plot No. 19/1034, Road No. 11, Jagannath Nagar, GGP Colony, Rasulgarh,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
-- |
|
|
|
|
Year of
Establishment : |
March 2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADKPD9017D |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Subject is engaged in Hotel Business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietary concern established as on March 2014 and is
yet to commence its commercial operations. Mr. Yudhisthira Dash, the proprietor provided information and
confirmed that the project is still under implementation phase. Hence, payment terms are unknown. In view of experienced promoter, the concern 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) |
|
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. Yudhisthir Dash |
|
Designation : |
Proprietor |
|
Contact No.: |
91-8096624550 |
|
Date : |
22.12.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 19/1034, Road No. 11, Jagannath Nagar, GGP Colony, Rasulgarh,
Bhubaneswar – 751010, Orissa, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8096624550 [Mr. Yudhisthir Dash] |
|
Fax No.: |
Not Available |
|
Area : |
6600 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Proposed Hotel : |
Plot No. 19, Ashok Nagar, Bhubaneswar, Orissa, India |
|
Area : |
4500 Sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Yudhisthir Dash |
|
Designation : |
Proprietor |
|
Address : |
Plot No. 19/1034, Road No. 11, Jagannath Nagar, GGP Colony, Rasulgarh,
Bhubaneswar – 751010, Orissa, India |
|
Date of Birth/Age : |
01.02.1973 |
|
Qualification : |
Chartered Accountant |
|
Experience : |
16 Years |
|
PAN No.: |
ADKPD9017D |
|
Profile : |
Promoter of the proposed Hotel at Plot No.19, Ashok Nagar, Bhubaneswar is Mr. Yudhisthira Dash. Mr. Dash is a Chartered Accountant by profession. After qualifying Chartered Accountant in 1998, he has involved in Internal, Statutory and Management Audit of Mayfair Group of Hotels. During this period he has learned the operational details including marketing activity relating to operation of Hotels and being Chartered Accountant has very good control on Financial Management also. During audit of large organization like SAIL, Hindustan Lever, UCO Bank etc. he has travelled throughout India and stayed almost all hotels in major cities of India and seen in details of all hotels for operational points of view. |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Hotel Business. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
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 |
Yes |
|
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 |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
COST AND MEANS OF FINANCE
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT |
CONTINGENCY |
AMOUNT |
|
APPLICATION OF FUND |
|
|
|
|
Land and Land Development |
16.000 |
0% |
16.000 |
|
|
|
|
|
|
Building and Structure |
16.261 |
0% |
16.261 |
|
|
|
|
|
|
Plant and machinery |
9.397 |
0% |
9.397 |
|
|
|
|
|
|
Furniture, fixtures and equipment |
9.869 |
0% |
9.869 |
|
|
|
|
|
|
Working capital requirement |
0.734 |
0% |
0.734 |
|
|
|
|
|
|
Cash and Cash equivalent |
1.000 |
|
1.000 |
|
|
|
|
|
|
Pre operating expenses |
0.500 |
10% |
0.550 |
|
|
|
|
|
|
TOTAL
|
53.761 |
|
53.811 |
|
|
|
|
|
|
SOURCES OF FUND |
|
|
|
|
Owners Capital and quasi equity |
-- |
-- |
27.811 |
|
|
|
|
|
|
Term loan from Bank |
-- |
-- |
25.000 |
|
|
|
|
|
|
Working capital Loan from Bank |
-- |
-- |
1.000 |
|
|
|
|
|
|
TOTAL
|
-- |
-- |
53.811 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFIBILITY STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
Oct 15 to Mar 16 |
Apr 16 to Mar 17 |
Apr 17 to Mar 18 |
Apr 18 to Mar 19 |
Apr 19 to Mar 20 |
Apr 20 to Mar 21 |
|
REVENUE |
|
|
|
|
|
|
|
Rooms Revenue |
5.078 |
12.135 |
15.403 |
18.072 |
19.880 |
21.868 |
|
|
|
|
|
|
|
|
|
Food Sale - Room Service |
0.677 |
1.618 |
2.054 |
2.410 |
2.651 |
2.916 |
|
|
|
|
|
|
|
|
|
Food Sale - Outside Guest |
0.900 |
2.008 |
2.208 |
2.429 |
2.672 |
2.939 |
|
|
|
|
|
|
|
|
|
Banquet Sale |
0.450 |
1.320 |
1.452 |
1.597 |
1.757 |
1.933 |
|
|
|
|
|
|
|
|
|
Other Income @ Rs 50/- for 50% of guests |
0.203 |
0.485 |
0.616 |
0.723 |
0.795 |
0.875 |
|
|
|
|
|
|
|
|
|
TOTAL NET REVENUE (INCLUDED SVC.) |
7.308 |
17.566 |
21.733 |
25.231 |
27.754 |
30.530 |
|
|
|
|
|
|
|
|
|
COST OF SALES |
|
|
|
|
|
|
|
Food Cost (45% of Food Sale including fuel) |
0.912 |
2.225 |
2.571 |
2.896 |
3.186 |
3.504 |
|
|
|
|
|
|
|
|
|
Total Food and beverage |
0.912 |
2.225 |
2.571 |
2.896 |
3.186 |
3.504 |
|
|
|
|
|
|
|
|
|
TOTAL COST OF SALES |
0.912 |
2.225 |
2.571 |
2.896 |
3.186 |
3.504 |
|
|
|
|
|
|
|
|
|
PAYMENT AND BENEFITS TO EMPLOYEES |
|
|
|
|
|
|
|
Salary and Wages @ 12% of Total Revenue |
0.877 |
2.108 |
2.608 |
3.028 |
3.331 |
3.664 |
|
|
|
|
|
|
|
|
|
Staff Accommodation and Staff Food |
0.180 |
0.420 |
0.441 |
0.463 |
0.486 |
0.511 |
|
|
|
|
|
|
|
|
|
Staff Medical and other benefits |
0.060 |
0.120 |
0.132 |
0.145 |
0.160 |
0.176 |
|
|
|
|
|
|
|
|
|
Payment and Benefits to Employees |
1.117 |
2.648 |
3.181 |
3.636 |
3.976 |
4.350 |
|
|
|
|
|
|
|
|
|
OTHER EXPENSES |
|
|
|
|
|
|
|
Rooms maintenance cost @ of Room Sales |
0.000 |
0.243 |
1.078 |
1.807 |
2.982 |
3.280 |
|
|
|
|
|
|
|
|
|
Food and Beverage Cost @ 5% of F&B Sales |
0.101 |
0.247 |
0.286 |
0.322 |
0.354 |
0.389 |
|
|
|
|
|
|
|
|
|
Minor Operating expenses (Growth Rate 10%) |
0.018 |
0.036 |
0.040 |
0.044 |
0.048 |
0.053 |
|
|
|
|
|
|
|
|
|
Power and Fuel |
0.600 |
1.200 |
1.320 |
1.452 |
1.597 |
1.757 |
|
|
|
|
|
|
|
|
|
Administration and General (Growth Rate 10%) |
0.300 |
0.600 |
0.660 |
0.726 |
0.799 |
0.878 |
|
|
|
|
|
|
|
|
|
Sales and Marketing @ 5% of Revenue |
0.365 |
0.878 |
1.087 |
1.262 |
1.388 |
1.526 |
|
|
|
|
|
|
|
|
|
EBITDA |
3.894 |
9.489 |
11.510 |
13.087 |
13.425 |
14.791 |
|
|
|
|
|
|
|
|
|
Interest |
1.755 |
3.324 |
2.858 |
2.194 |
1.384 |
0.574 |
|
|
|
|
|
|
|
|
|
Depreciation |
2.039 |
3.841 |
3.397 |
2.178 |
1.960 |
1.765 |
|
|
|
|
|
|
|
|
|
Total |
3.794 |
7.166 |
6.255 |
4.372 |
3.344 |
2.339 |
|
|
|
|
|
|
|
|
|
Profit before tax |
0.100 |
2.323 |
5.255 |
8.715 |
10.081 |
12.453 |
|
|
|
|
|
|
|
|
|
Provision for taxation @ 30.9% |
0.031 |
0.718 |
1.624 |
2.693 |
3.115 |
3.848 |
|
|
|
|
|
|
|
|
|
Profit after Tax |
0.069 |
1.605 |
3.632 |
6.022 |
6.966 |
8.605 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
30.09.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
ASSETS |
|
|
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
Property, Plant and Equipment (Gross) |
51.527 |
51.527 |
51.527 |
51.527 |
51.527 |
51.527 |
|
|
|
|
|
|
|
|
|
Less: Accumulated Depreciation |
-- |
2.011 |
5.797 |
9.140 |
11.263 |
13.168 |
|
|
|
|
|
|
|
|
|
Net Property, Plant and Equipment |
51.527 |
49.516 |
45.729 |
42.387 |
40.264 |
38.359 |
|
|
|
|
|
|
|
|
|
Other Long Term Assets |
|
|
|
|
|
|
|
Pre-opening expenses |
0.550 |
0.550 |
0.550 |
0.550 |
0.550 |
0.550 |
|
|
|
|
|
|
|
|
|
Less Accumulated Amortization |
-- |
0.028 |
0.083 |
0.138 |
0.193 |
0.248 |
|
|
|
|
|
|
|
|
|
Net Other Long Term assets |
0.550 |
0.523 |
0.468 |
0.413 |
0.358 |
0.303 |
|
|
|
|
|
|
|
|
|
Net non-current Assets |
52.077 |
50.038 |
46.197 |
42.800 |
40.621 |
38.661 |
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
Inventories |
0.734 |
0.734 |
1.048 |
1.140 |
1.225 |
1.298 |
|
|
|
|
|
|
|
|
|
Trade and Other Receivables |
-- |
0.932 |
2.492 |
3.773 |
5.166 |
5.835 |
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalent |
1.000 |
0.007 |
0.216 |
0.632 |
2.484 |
5.157 |
|
|
|
|
|
|
|
|
|
Total current
assets |
1.734 |
1.673 |
3.756 |
5.546 |
8.876 |
12.290 |
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
53.811 |
51.711 |
49.953 |
48.345 |
49.497 |
50.951 |
|
|
|
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
|
|
Capital and Reserves |
|
|
|
|
|
|
|
Owners Capital |
27.811 |
27.811 |
27.811 |
27.811 |
27.811 |
27.811 |
|
|
|
|
|
|
|
|
|
Retained Earnings |
-- |
0.069 |
1.675 |
5.306 |
11.328 |
18.294 |
|
|
|
|
|
|
|
|
|
Unsecured Loans/Quasi equity |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Total capital and reserves |
27.811 |
27.880 |
29.485 |
33.117 |
39.139 |
46.104 |
|
|
|
|
|
|
|
|
|
Non-Current Liabilities |
|
|
|
|
|
|
|
Secured Loans |
22.000 |
18.000 |
12.000 |
6.000 |
-- |
0.000 |
|
|
|
|
|
|
|
|
|
Other non-current advances |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Total
non-current liabilities |
22.000 |
18.000 |
12.000 |
6.000 |
-- |
0.000 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
Trade and Other Payables |
-- |
0.831 |
1.468 |
2.229 |
3.358 |
3.847 |
|
|
|
|
|
|
|
|
|
Current portion of the secured loan
|
3.000 |
4.000 |
6.000 |
6.000 |
6.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Working Capital Loan from Bank |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
Total Current
Liabilities |
4.000 |
5.831 |
8.468 |
9.229 |
10.358 |
4.847 |
|
|
|
|
|
|
|
|
|
TOTAL LIABILITY |
53.811 |
51.711 |
49.953 |
48.345 |
49.497 |
50.951 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW
STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
30.09.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
OPERATING ACTIVITIES |
|
|
|
|
|
|
|
Cash Generated from Operations |
(0.734) |
3.762 |
7.533 |
9.273 |
10.046 |
10.056 |
|
|
|
|
|
|
|
|
|
Less: Finance Charges paid |
-- |
(1.755) |
(3.324) |
(2.858) |
(2.194) |
(1.384) |
|
|
|
|
|
|
|
|
|
Net Cash Flow from Operating Activities |
(0.734) |
2.007 |
4.209 |
6.416 |
7.852 |
8.673 |
|
|
|
|
|
|
|
|
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
Acquisition of PPE |
(51.527) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Other assets |
(0.550) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Net Cash Used in Investment Activities |
(52.077) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
Repayment of Loans and Borrowings |
-- |
(3.000) |
(4.000) |
(6.000) |
(6.000) |
(6.000) |
|
|
|
|
|
|
|
|
|
Long term bank loan |
25.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Working Capital loan from Bank |
1.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Issue of equity share Capital |
27.811 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Shareholders loan/ quasi equity |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Other non-current advances |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Dividends Paid |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Net Cash Flow
from Financing Activities |
53.811 |
(3.000) |
(4.000) |
(6.000) |
(6.000) |
(6.000) |
|
|
|
|
|
|
|
|
|
Net Inc/(Dec) in Cash and Cash Equiv….for IRR |
-- |
(27.880) |
0.209 |
0.416 |
1.852 |
2.673 |
|
|
|
|
|
|
|
|
|
Net Inc/(Dec) in Cash and Cash Equivalents |
1.000 |
(0.993) |
0.209 |
0.416 |
1.852 |
2.673 |
|
|
|
|
|
|
|
|
|
Cash and Cash Equ….at Begin of the Year |
-- |
1.000 |
0.007 |
0.216 |
0.632 |
2.484 |
|
|
|
|
|
|
|
|
|
Cash and Cash Equ... at End of the Year |
1.000 |
0.007 |
0.216 |
0.632 |
2.484 |
5.157 |
|
|
|
|
|
|
|
|
|
CASH GENERATED FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
Net Profit after app...reserve |
-- |
0.069 |
1.605 |
3.632 |
6.022 |
6.966 |
|
|
|
|
|
|
|
|
|
Net profit before appropriation
|
-- |
0.069 |
1.605 |
3.632 |
6.022 |
6.966 |
|
|
|
|
|
|
|
|
|
Depreciation |
-- |
2.011 |
3.786 |
3.343 |
2.123 |
1.905 |
|
|
|
|
|
|
|
|
|
Amortisation of Other Long term assets |
-- |
0.028 |
0.055 |
0.055 |
0.055 |
0.055 |
|
|
|
|
|
|
|
|
|
Finance charges |
-- |
1.755 |
3.324 |
2.858 |
2.194 |
1.384 |
|
|
|
|
|
|
|
|
|
(Increase) in Inventories |
(0.734) |
-- |
(0.314) |
(0.092) |
(0.085) |
(0.073) |
|
|
|
|
|
|
|
|
|
(Inc)/Dec in Trade and Other Receivables |
-- |
(0.932) |
(1.560) |
(1.282) |
(1.393) |
(0.669) |
|
|
|
|
|
|
|
|
|
Inc/(Dec) in Trade and Other Payables |
-- |
0.831 |
0.637 |
0.761 |
1.129 |
0.489 |
|
|
|
|
|
|
|
|
|
Net cash generated from Operating Activities |
(0.734) |
3.762 |
7.533 |
9.273 |
10.046 |
10.056 |
------------------------------------------------------------------------------------------------------------------------------
RATIO
ANALYSIS
(RS. IN MILLIONS)
|
PARTICULARS |
Oct 15 to Mar 16 |
Apr 16 to Mar 17 |
Apr 17 to Mar 18 |
Apr 18 to Mar 19 |
Apr 19 to Mar 20 |
Apr 20 to Mar 21 |
|
1. Debt service
coverage ratio |
|
|
|
|
|
|
|
Profit for DSCR (Cash profit + interest) |
3.894 |
9.489 |
11.510 |
13.087 |
13.425 |
14.791 |
|
|
|
|
|
|
|
|
|
Interest Payment |
1.755 |
3.324 |
2.858 |
2.194 |
1.384 |
0.574 |
|
|
|
|
|
|
|
|
|
Principal repayment |
-- |
3.000 |
4.000 |
6.000 |
6.000 |
6.000 |
|
|
|
|
|
|
|
|
|
Total repayment |
1.755 |
6.324 |
6.858 |
8.194 |
7.384 |
6.574 |
|
|
|
|
|
|
|
|
|
DSCR |
2.22 |
1.50 |
1.68 |
1.60 |
1.82 |
2.25 |
|
|
|
|
|
|
|
|
|
2. Interest
coverage ratio |
|
|
|
|
|
|
|
Profit available for distribution |
3.894 |
9.489 |
11.510 |
13.087 |
13.425 |
14.791 |
|
|
|
|
|
|
|
|
|
Interest payment |
1.755 |
3.324 |
2.858 |
2.194 |
1.384 |
0.574 |
|
|
|
|
|
|
|
|
|
Interest coverage |
2.22 |
2.85 |
4.03 |
5.97 |
9.70 |
25.78 |
|
|
|
|
|
|
|
|
|
Debt equity
Ratio |
|
|
|
|
|
|
|
Equity / quasi equity Debt |
27.880 |
29.485 |
33.117 |
39.138 |
46.104 |
54.709 |
|
|
|
|
|
|
|
|
|
Loan From Banker |
25.000 |
22.000 |
18.000 |
12.000 |
6.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total debt |
25.000 |
22.000 |
18.000 |
12.000 |
6.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Debt Equity ratio |
0.90 |
0.75 |
0.54 |
0.31 |
0.13 |
0.00 |
|
|
|
|
|
|
|
|
|
IRR of the
Project |
|
|
|
|
|
|
|
Initial Investment/ Outflow |
(53.811) |
3.894 |
9.489 |
11.510 |
13.087 |
13.425 |
|
|
|
|
|
|
|
|
|
IRR of the Project |
23% |
|||||
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT
MR. YUDHISTHIR DASH
(RS. IN MILLIONS)
|
PARTICULARS |
30.11.2014 |
|
ASSETS |
|
|
Land and Construction at Ashok Nagar,
Bhubaneswar |
50.000 |
|
|
|
|
Land at Kesura Near SBI Colony |
6.000 |
|
|
|
|
Land at Road No.8, Jagannath Nagar,
Rasulgarh, Bhubaneswar |
4.000 |
|
|
|
|
Land at Ballav Road, Puri |
17.000 |
|
|
|
|
Investment in Parents house at Land at Road
No. 11, Jagannath Nagar, Rasulgarh, Bhubaneswar |
17.500 |
|
|
|
|
LIC and FD |
1.000 |
|
|
|
|
Cash and bank balance |
0.100 |
|
|
|
|
TOTAL |
95.600 |
|
|
|
|
LIABILITIES |
|
|
Housing loan for Investment in Parents house
at Land at Road No. 11, Jagannath Nagar, Rasulgarh, Bhubaneswar |
12.700 |
|
|
|
|
TOTAL |
12.700 |
|
|
|
|
NETWORTH |
82.900 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
DETAIL ABOUT
PROJECT
Proposed hotel will be of 31 Guest rooms with Conference facility of 100
persons and Restaurant facility of 24 cover. Bhubaneswar being capital of
Orissa and one of the tourist place, daily thousands of thousands person visit
to the city. Proposed hotel is located just 100mtr from Bhubaneswar main
station and daily more than 50 trains passing through this station. Therefore,
there were very good opportunity for hotel business in and around the station.
At present there is lack of good furnishing hotels near station with facility
of conference.
PRESENT STATUS OF
PROJECT
Necessary BDA approval already obtained and at present slab casting and
pillar work completed for G+2. Application for Electrical connection for full
project applied though for construction there was a singe connection available
for required load for construction. All other license/approval required is
under process.
SCHEDULE OF
ACTIVITY
Detailed activity with estimated date of completion mentioned below:
|
SR. NO. |
ACTIVITY |
TARGET DATE |
|
1 |
Slab casting of balance 2 floors |
15.01.2014 |
|
|
|
|
|
2 |
Brick works of all floor |
31.03.2014 |
|
|
|
|
|
3 |
Plastering of hotel outside |
30.04.2014 |
|
|
|
|
|
4 |
Plastering of hotel inside |
31.05.2014 |
|
|
|
|
|
5 |
Plumbing and electrical works |
31.05.2014 |
|
|
|
|
|
6 |
Fixation of Tiles and Marbles |
31.07.2014 |
|
|
|
|
|
7 |
Electrical connection with transformer fittings |
31.07.2014 |
|
|
|
|
|
8 |
Furnishing of Rooms, Conference hall and Restaurant |
30.09.2014 |
|
|
|
|
|
9 |
Fitting of TV, AC, Decorative lightings, Kitchen Equipments etc. |
30.09.2014 |
|
|
|
|
|
10 |
Bathroom fitting |
30.09.2014 |
------------------------------------------------------------------------------------------------------------------------------
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 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. 63.45 |
|
|
1 |
Rs. 98.88 |
|
Euro |
1 |
Rs. 77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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.