|
Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DASHMESH POLYBAGS |
|
|
|
|
Registered
Office : |
Village Kup, Tehsil Malerkotla, District Sangrur – 148023, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
October, 2012 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Polybags. |
|
|
|
|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence its business operations |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Eventhough the company has been incorporated as on October, 2012, the
management has not yet commenced its commercial operations. Mr. Hardeep, Chief executive officer provided general information and
confirmed that the company will commence its business activity from April 15,
2014. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs.39000 mn this financial year and has a debt of Rs.350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs.35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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
31-03-2012.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Hardeep Singh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9463424261 |
|
Date : |
12.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Village Kup, Tehsil Malerkotla, District Sangrur – 148023, Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9463424261 (Mr. Hardeep Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
250 sq. yard |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Jaswinder Singh |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
38 years |
|
Qualification : |
HSC |
KEY EXECUTIVES
|
Name : |
Mr. Hardeep Singh |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polybags. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
4 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Malaudh, Ludhiana, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT AVAILABLE (YET
TO COMMENCE ITS BUSINESS OPERATIONS)
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
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 |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
IF WORKING CAPITAL REQUIREMENTS
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
GROSS INCOME |
|
|
|
|
|
|
Sales (Net of Returns) |
|
|
|
|
|
|
-Domestic Sales |
0.958 |
11.500 |
12.458 |
13.417 |
14.375 |
|
-Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-Other Direct Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total |
0.958 |
11.500 |
12.458 |
13.417 |
14.375 |
|
|
|
|
|
|
|
|
Less: Excise duty |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Sales |
0.958 |
11.500 |
12.458 |
13.417 |
14.375 |
|
|
|
|
|
|
|
|
% age rise (+) or fall (-) in net sales as compared to previous year |
0.00% |
100.42% |
8.33% |
7.70% |
7.14% |
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
Raw Material (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
|
|
|
-Indigenous |
1.312 |
10.055 |
10.665 |
11.469 |
12.284 |
|
-Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Stores and Spares |
|
|
|
|
|
|
-Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
-Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Power and Fuel |
0.009 |
0.108 |
0.117 |
0.126 |
0.135 |
|
Direct Labour (Wages, Salaries, Bonus, Staff Welfare etc.) |
0.010 |
0.115 |
0.125 |
0.135 |
0.144 |
|
Other Manufacturing Expenses |
0.005 |
0.058 |
0.062 |
0.067 |
0.072 |
|
Depreciation |
0.000 |
0.509 |
0.440 |
0.380 |
0.329 |
|
|
|
|
|
|
|
|
Sub
Total |
1.336 |
10.845 |
11.409 |
12.176 |
12.964 |
|
|
|
|
|
|
|
|
Add: Opening Stock of W.I.P. |
0.000 |
0.075 |
0.110 |
0.125 |
0.140 |
|
Sub
Total |
1.336 |
10.920 |
11.519 |
12.301 |
13.104 |
|
|
|
|
|
|
|
|
Less: Closing Stock of W.I.P. |
0.075 |
0.110 |
0.125 |
0.140 |
0.150 |
|
Sub
Total (Total
Cost of Productions) |
1.261 |
10.810 |
11.394 |
12.161 |
12.954 |
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
0.470 |
0.715 |
0.775 |
0.825 |
|
Sub
Total |
1.261 |
11.280 |
12.109 |
12.936 |
13.779 |
|
|
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
0.470 |
0.715 |
0.775 |
0.825 |
0.880 |
|
Sub
Total (Total
Cost of Sales ) |
0.791 |
10.565 |
11.334 |
12.111 |
12.899 |
|
|
82.57% |
91.87% |
90.98% |
90.27% |
89.73% |
|
|
|
|
|
|
|
|
Selling, Administrative & General
Expenses |
0.073 |
0.153 |
0.163 |
0.176 |
0.186 |
|
|
|
|
|
|
|
|
Operating Profit Before Interests |
0.094 |
0.782 |
0.961 |
1.130 |
1.290 |
|
|
9.81% |
6.80% |
7.71% |
8.42% |
8.97% |
|
Interest and Financial Charges |
|
|
|
|
|
|
-Interest on Working Capital |
0.029 |
0.280 |
0.280 |
0.280 |
0.280 |
|
-Interests on Term Loan |
0.060 |
0.321 |
0.250 |
0.179 |
0.107 |
|
|
|
|
|
|
|
|
Operating profit After Interests |
0.005 |
0.181 |
0.431 |
0.671 |
0.903 |
|
|
|
|
|
|
|
|
Add: other non-operating Incomes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub
Total (Income) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Less: Other non-operating Expenses |
-- |
-- |
-- |
-- |
-- |
|
Preliminary Exp. W/O |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub
Total (Expenses) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net
of other non-operating Income/ Expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Profit before tax/loss |
0.005 |
0.181 |
0.431 |
0.671 |
0.903 |
|
|
|
|
|
|
|
|
Provision for taxes |
-- |
0.054 |
0.129 |
0.201 |
0.271 |
|
|
|
|
|
|
|
|
Net profit after Tax/loss |
0.005 |
0.127 |
0.302 |
0.470 |
0.632 |
|
|
|
|
|
|
|
|
Equity Dividend Paid/ Withdrawals |
-- |
0.10 |
1.00 |
1.00 |
1.50 |
|
|
|
|
|
|
|
|
Retained Profit |
0.05 |
1.17 |
2.02 |
3.70 |
4.82 |
|
|
|
|
|
|
|
|
Retained Profit/ Net Profit (% age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
LIABILITIES |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Bank Borrowings from banks (Including
Bills purchased, discounted and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
(i) From Applicant Bank |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
(ii) From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii)
(Of which BP and BD) – FBP/ FBD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (A) |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
Short Term Borrowings from Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sundry Creditors(Trade) |
0.407 |
0.407 |
0.441 |
0.475 |
0.509 |
|
|
|
|
|
|
|
|
Advance Payment from Customers / Deposit
From Dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Provision for taxation if any |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Divided Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Statutory Liabilities (Due within
one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deposit / Installments of Term Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Current Liabilities and Provision
(Due within 1 years) |
0.120 |
0.140 |
0.160 |
0.180 |
0.200 |
|
|
|
|
|
|
|
|
Sub
Total |
0.527 |
0.547 |
0.601 |
0.655 |
0.709 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES (A+B) |
2.527 |
2.547 |
2.601 |
2.655 |
2.709 |
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Preference Shares (Redeemable after one
year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Loans (exclusive Payable within one
years) |
2.550 |
2.040 |
1.530 |
1.020 |
0.510 |
|
|
|
|
|
|
|
|
Loan Against Property |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Brokers Current Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Term Liabilities (Unsecured Loans) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
2.550 |
2.040 |
1.530 |
1.020 |
0.510 |
|
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
5.077 |
4.587 |
4.131 |
3.675 |
3.219 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Shares Capital |
2.255 |
2.372 |
2.574 |
2.944 |
3.426 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Quasi Capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Security Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit and Loss A/c |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Networth |
2.255 |
2.372 |
2.574 |
2.944 |
3.426 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
7.332 |
6.959 |
6.705 |
6.619 |
6.645 |
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
Cash & Bank Balance |
0.124 |
0.260 |
0.169 |
0.184 |
0.260 |
|
|
|
|
|
|
|
|
Receivable other than deferred and export
including bills purchased and discounted by the bankers |
1.917 |
1.917 |
2.076 |
2.236 |
2.396 |
|
Export receivables including bill purchased
and discounted by the bankers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Raw Materials (Including Stores and Other
Items) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.881 |
0.601 |
0.644 |
0.698 |
0.752 |
|
|
|
|
|
|
|
|
Stock on Process |
0.075 |
0.110 |
0.125 |
0.140 |
0.150 |
|
Finished Goods |
0.470 |
0.715 |
0.775 |
0.825 |
0.880 |
|
|
|
|
|
|
|
|
Advance payment for Raw Materials |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Stock in trade |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advances to suppliers of Raw Materials and
Stores/ Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Loans and Advances |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Duties and Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
3.467 |
3.603 |
3.789 |
4.083 |
4.438 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
Gross Block (Land and Building Machinery,
Construction in progress etc.) |
3.865 |
3.865 |
3.865 |
3.865 |
3.865 |
|
Depreciation to due |
-- |
0.509 |
0.949 |
1.329 |
1.658 |
|
Net
Block |
3.865 |
3.356 |
2.916 |
2.536 |
2.207 |
|
|
|
|
|
|
|
|
Capital Work-in-progress/ Deferred tax
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other current Assets (Such as dues from associates,
investments/ dues which are not of nature of current assets) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Security deposits/ tender deposits TDR’s
Pledged with Banks for BGs and LCs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total
Other Non-current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Intangible assets, Misc, Expenditures
(Such as goodwill, doubtfull debts etc.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
7.332 |
6.959 |
6.705 |
6.619 |
6.645 |
|
|
|
|
|
|
|
|
Tangible Net Worth |
2.255 |
2.372 |
2.574 |
2.944 |
3.426 |
|
|
|
|
|
|
|
|
Net Working Capital |
0.940 |
1.056 |
1.118 |
1.428 |
1.729 |
|
|
|
|
|
|
|
|
Current Ratio |
1.37 |
1.41 |
1.46 |
1.54 |
1.64 |
|
|
|
|
|
|
|
|
Total
Outside Liabilities/ tangible Net worth |
2.25 |
1.93 |
1.60 |
1.25 |
0.94 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Estimated) |
(Projected) |
|||
|
A. CURRENT ASSETS |
|
|
|
|
|
|
Raw Materials (Including stores and Other Items used in the process of manufacturer |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
-- |
-- |
|
Indigenous |
0.881 |
0.601 |
0.644 |
0.698 |
0.752 |
|
- Month’s Consumption |
11.04 |
0.63 |
0.63 |
0.63 |
0.63 |
|
|
|
|
|
|
|
|
Other Consumable spares(excluding those included under item 1 above) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
-- |
-- |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Month’s Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Stock in process |
0.075 |
0.110 |
0.125 |
0.140 |
0.150 |
|
Months cost of Production |
0.94 |
0.12 |
0.12 |
0.13 |
0.13 |
|
|
|
|
|
|
|
|
Finished Goods |
0.470 |
0.715 |
0.775 |
0.825 |
0.880 |
|
Months Cost of Sales |
5.89 |
0.75 |
0.75 |
0.75 |
0.75 |
|
|
|
|
|
|
|
|
Receivables other than export and deferred receivables (Including BP/BD by the Bankers) |
1.917 |
1.917 |
2.076 |
2.236 |
2.396 |
|
Month’s Sales |
2.401 |
0.200 |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
|
|
Exports receivables (Including BP/BD) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Month’s Sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Debtors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances to Suppliers of Raw Materials |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Loans and Advances |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Duties and Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.124 |
0.260 |
0.169 |
0.184 |
0.260 |
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
3.467 |
3.603 |
3.789 |
4.083 |
4.438 |
|
|
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchase of raw materials, stores and consumable spares |
0.407 |
0.407 |
0.441 |
0.475 |
0.509 |
|
Months' purchases : |
3.72 |
0.50 |
0.50 |
0.50 |
0.50 |
|
|
|
|
|
|
|
|
Advance Payment from Customers/ Deposit from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advances Received from Customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others current Liabilities |
0.120 |
0.140 |
0.160 |
0.180 |
0.200 |
|
|
|
|
|
|
|
|
Total Current Liabilities |
0.527 |
0.547 |
0.601 |
0.655 |
0.709 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE AND WORKING CAPITAL
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Estimated) |
(Projected) |
|||
|
|
|
|
|
|
|
|
1 Total current assets |
3.467 |
3.603 |
3.789 |
4.083 |
4.438 |
|
|
|
|
|
|
|
|
2 Other Current Liabilities |
0.527 |
0.547 |
0.601 |
0.655 |
0.709 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
2.940 |
3.056 |
3.188 |
3.428 |
3.729 |
|
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets
other than Export Receivables |
0.735 |
0.764 |
0.797 |
0.857 |
0.932 |
|
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
0.940 |
1.056 |
1.188 |
1.428 |
1.729 |
|
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
2.205 |
2.292 |
2.391 |
2.571 |
2.797 |
|
|
|
|
|
|
|
|
7 item 3 minus item 5 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
(Projected) |
|||
|
1. SOURCES |
|
|
|
|
|
a) Net profit (after tax) |
0.127 |
0.302 |
0.470 |
0.632 |
|
|
|
|
|
|
|
b) Depreciation |
0.509 |
0.440 |
0.380 |
0.329 |
|
|
|
|
|
|
|
c) Increase in Shares capital |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
d) - Increase in Term
Liabilities (Including Public Deposits) |
(0.510) |
(0.510) |
(0.510) |
(0.510) |
|
|
|
|
|
|
|
e) Decrease in: |
|
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
-- |
|
ii) Other Non-current
Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
f) Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
g) TOTAL |
0.126 |
0.232 |
0.340 |
0.451 |
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
a) Net loss |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
b) Decrease in – Term Liabilities
(including public deposits) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
c) Increase in: |
|
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
-- |
|
ii) Other Non-current
Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
d) Dividend Payments |
0.010 |
0.100 |
0.100 |
0.150 |
|
|
|
|
|
|
|
e) Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
f) TOTAL |
0.010 |
0.100 |
0.100 |
0.150 |
|
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
0.116 |
0.132 |
0.240 |
0.301 |
|
|
|
|
|
|
|
4.
Increase/decrease in current assets*
(as per details given below) |
0.136 |
0.186 |
0.294 |
0.355 |
|
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
0.020 |
0.054 |
0.054 |
0.054 |
|
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
0.116 |
0.132 |
0.240 |
0.301 |
|
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
0.00 |
0.00 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8. Increase/decrease
in Bank borrowings |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/Decrease in Net Sales |
10.542 |
0.958 |
0.959 |
0.958 |
|
|
|
|
|
|
|
(Break-up
of -4) |
|
|
|
|
|
|
|
|
|
|
|
Increase/decrease in Raw Materials |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/decrease in Stock in Process |
-- |
0.118 |
0.119 |
0.119 |
|
|
|
|
|
|
|
Increase/decrease in Finance Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/decrease in Scarp |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/decrease in Receivable |
-- |
0.159 |
0.160 |
0.160 |
|
|
|
|
|
|
|
Increase/decrease in exp/ Inc. |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/decrease in Stores and Spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/decrease in Other Current Assets |
0.136 |
(0.091) |
0.015 |
0.076 |
|
|
|
|
|
|
|
Increase
in Current Assets |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
MR. JASWINDER SINGH
THE TOTAL ASSETS AND
LIABILITIES OF MR. JASWINDER SINGH S/O S. KASHIMIRA SINGH R/O VILLAGE SEKHA, THE.
PAYAL, DISTRICT LUDHIANA AS ON 06.02.2014.
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Commercial Plot at VPO kupp-Kalan, The. Malerkotla |
1.250 |
|
Saving Account |
1.207 |
|
Current Account of M/s Dashmesh Poly Bags |
0.060 |
|
Car |
0.400 |
|
Tractor |
0.425 |
|
Gold Ornaments (Approx.) |
1.200 |
|
TOTAL ASSETS |
4.542 |
|
|
|
|
LESS: LIABILITIES |
-- |
|
|
|
|
NET ASSETS |
4.542 |
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.19 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.