|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
NIRMIT MERCANTILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No.101/102, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.10.2013 (Provisional) |
|
|
|
|
Date of
Incorporation : |
23.08.2012 |
|
|
|
|
Com. Reg. No.: |
11-234846 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101MH2012PTC234846 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECN3853B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Sucrose, D L Methionine and General Chemicals and
Intermediates. |
|
|
|
|
No. of Employees
: |
9 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively a new company having a moderate track record. The company has achieved minimal turnover from its first financial
year of operations (i.e. March 2013) however the company expects a sizeable
turnover from its coming year of operation. The net worth of the company also seems to be low. However trade relations are reported to be improving. Business is
active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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
|
Name : |
Mr. Anup Salian |
|
Designation : |
Manager – Accounts and Finance |
|
Contact No.: |
91-9821114390 |
|
Date : |
18.01.2014 |
LOCATIONS
|
Registered Office : |
Flat No.101/102, 1st Floor, Suryakiran Building, S. V.
Road, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-28955581/ 82 |
|
Mobile No.: |
91-9821114390 (Mr. Anup Salian) |
|
Fax No.: |
91-22-28988850 |
|
E-Mail : |
|
|
Area : |
1200.00 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Gayatri Warehousing corporation, Gala No.A-7, Patwardhan Compound,
Dalmil Compound, Purna Village, Bhiwandi, Mumbai – 421302, Maharashtra,
India |
|
Area : |
500.00 sq. ft. |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Sadashiv Kanyana Shetty |
|
Designation : |
Director |
|
Address : |
18-A, Tower-D, Viceroy Park Thakur Village, Kandivali (E), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1954 |
|
Qualification : |
M. Sc. (Chem.) |
|
Experience : |
30 Years |
|
Date of Appointment : |
17.06.2013 |
|
PAN No.: |
AAJPS4330G |
|
DIN No.: |
00038681 |
|
|
|
|
Name : |
Mr. Shriraj Sadashiv Shetty |
|
Designation : |
Director |
|
Address : |
18-A, Tower-D, Viceroy Park Thakur Village, Kandivali (E), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1989 |
|
Qualification : |
M. Tech |
|
Experience : |
1 Year |
|
Date of Appointment : |
17.06.2013 |
|
PAN No.: |
DJSPS0969A |
|
DIN No.: |
06609014 |
KEY EXECUTIVES
|
Name : |
Mr. Anup Salian |
|
Designation : |
Manager – Accounts and Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sadashiv K. Shetty |
|
5000 |
|
Shriraj K. Shetty |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Sucrose, D L Methionine and General Chemicals and
Intermediates. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit (60-90 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Vinay Jyot Industries 1/7, Haresh
Chambers, 313-319 Samuel Street, Masjid (West), Mumbai – 400003, Maharashtra,
India Mr. Chetan Desai- 91-9322231074 ·
Plasto Chem Industries Plot No.320/9, 40 Shed Ares, GIDC, Vapi, Gujarat, India Mr. Jasmine Patel 91-9879403018 · Sahastraa Exports Private Limited Navkar Plaza,
6th Floor, Bajaj Road, Vile Parle, Mumbai – 400056, Maharashtra, India Mr. Suhhail Agarwal- 91-9819349444 |
|
|
|
|
Customers : |
Wholesalers and Retailers · G.C. Trading Corporation C-6, Satguru
Chs. Limited, Samata Nagar, Kandivali West, Mumbai – 400101, Maharashtra,
India Mr. Ghanshyam Charasia 91-9320360903 · B.S. Multi Trade Private Limited Building No.
215, Unit No.2 and 3, Indian Complex, Dapoda Road, India Mr. Rajeev Nair- 91-8454043080 · Brainer Impex Limited 217, Orbit
Industrial Estate, Mindspace, Malad West, Mumbai, Maharashtra, India Mr. Mahesh Lendhe 91-8108400351 |
|
|
|
|
No. of Employees : |
9 (Approximately) |
|
|
|
|
Bankers : |
· Allahabad Bank Shop No.E1 and E2, Abhimanyu Chs. Limited, N L Complex, Dahisar
(East), Mumbai, Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. B. Shah and Associates Chartered Accountants |
|
Address : |
64/1, Chekal Villa, R. A. Kidwa Road, Matunga,
Mumbai – 400018, Maharashtra, India |
|
Mobile No.: |
91-9820506544 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
·
Shakti Bioscience Limited A-101, Suryakiran Budding, S.V.P. Road, Next to HDFC Bank, Borivali
(West), Mumbai – 400092, Maharashtra, India Activity: Manufacturing of API. |
CAPITAL STRUCTURE
(AS ON 31.10.2013
– PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.10.2013 (Provisional) |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
0.539 |
0.074 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2.500 |
2.500 |
|
Total
Shareholders’ Funds (1)+(2) |
|
3.139 |
2.674 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.500 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
2.500 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
10.106 |
2.167 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
10.106 |
2.167 |
|
|
|
|
|
|
TOTAL |
|
15.745 |
4.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1.274 |
0.770 |
|
(c) Trade receivables |
|
13.562 |
2.732 |
|
(d) Cash and cash
equivalents |
|
0.466 |
0.213 |
|
(e) Short-term loans and
advances |
|
0.443 |
1.126 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
15.745 |
4.841 |
|
|
|
|
|
|
TOTAL |
|
15.745 |
4.841 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.10.2013 (Provisional) |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
51.226 |
7.016 |
|
|
|
Other Income |
|
0.004 |
0.006 |
|
|
|
TOTAL (A) |
|
51.230 |
7.022 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
0.000 |
0.000 |
|
|
|
Purchases of Stock in Trade |
|
50.865 |
6.971 |
|
|
|
Changes in Inventories of Finished Goods, Work in progress and stock
in trade |
|
(1.273) |
(0.770) |
|
|
|
Employee Benefits Expenses |
|
0.502 |
0.240 |
|
|
|
Other Expenses |
|
0.669 |
0.476 |
|
|
|
TOTAL (B) |
|
50.763 |
6.917 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.467 |
0.105 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.002 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.465 |
0.104 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
0.465 |
0.104 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
0.465 |
0.074 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.46 |
0.07 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.10.2013 (Provisional) |
31.03.2013 |
|
PAT / Total Income |
(%) |
|
0.91 |
1.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.91 |
1.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.95 |
2.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.15 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.80 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.56 |
2.23 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.10.2013 (Provisional) |
31.03.2013 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Loans and Advances from Related Parties Director |
2.500 |
0.000 |
|
|
|
|
|
Total |
2.500 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING STATEMENT
(RS. IN MILLIONS)
|
S No. |
PARTICULARS |
31.03.2014 |
31.03.2015 |
|
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
1 |
Sales |
150.000 |
187.500 |
|
|
|
|
|
|
2 |
Other Income |
0.010 |
0.015 |
|
|
|
|
|
|
3 |
Sub
Total: |
150.010 |
187.515 |
|
|
|
|
|
|
4 |
Cost
of Sales |
|
|
|
|
|
|
|
|
I |
Purchases |
167.000 |
177.500 |
|
|
|
|
|
|
(I) |
Direct Expenses |
-- |
-- |
|
|
|
|
|
|
ii |
Cost
of Production |
167.000 |
177.500 |
|
|
|
|
|
|
iii |
Add: Opening stock |
0.770 |
23.792 |
|
|
|
|
|
|
iv |
Sub
Total: |
167.770 |
201.292 |
|
|
|
|
|
|
v |
Less: Closing stock |
23.792 |
25.288 |
|
|
|
|
|
|
vi |
Sub
Total: Cost of Sales |
143.978 |
176.004 |
|
|
|
|
|
|
5 |
Selling and Administrative Exp. |
2.500 |
3.000 |
|
|
|
|
|
|
6 |
Sub Total: |
146.478 |
179.004 |
|
|
|
|
|
|
7 |
Operating profit before interest |
3.532 |
8.511 |
|
|
|
|
|
|
8 |
Bank
Interest |
0.646 |
3.875 |
|
|
|
|
|
|
9 |
Depreciation |
-- |
-- |
|
|
|
|
|
|
10 |
Operating profit after interest |
2.886 |
4.636 |
|
|
before tax |
|
|
|
|
|
|
|
|
11 |
Provision for Income Tax |
0.892 |
1.432 |
|
|
|
|
|
|
11 |
Retained Profit |
1.994 |
3.203 |
|
|
|
|
|
|
12 |
Net Profit % of Sales |
1.33 |
1.71 |
|
|
|
|
|
|
13 |
Interest Service Coverage Ratio |
4.09 |
1.83 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
|
CURRENT
LIABILITIES |
31.03.2014 |
31.03.2015 |
|
|
|
(Estimated) |
(Projected) |
|
1 |
Borrowing from
Banks |
|
|
|
|
Existing Bank- |
|
|
|
|
Applicant Bank- (Proposed) |
|
|
|
|
Cash Credit |
25.000 |
25.000 |
|
|
Sub Total (A) |
25.000 |
25.000 |
|
|
|
|
|
|
2 |
Advance from Customers |
0.000 |
0.000 |
|
|
|
|
|
|
3 |
Sundry Creditors |
0.405 |
0.973 |
|
|
|
|
|
|
4 |
Other Current Liabilities and Provisions
due within one |
0.800 |
1.200 |
|
|
|
|
|
|
|
Year |
|
|
|
|
|
|
|
|
5 |
Secured Loans due within One Year |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub
Total (B) |
1.205 |
2.173 |
|
|
|
|
|
|
6 |
TOTAL CURRENT
LIABILITIES |
26.205 |
27.173 |
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
7 |
Term Loan (Exclusive of installments payable within one year) |
-- |
-- |
|
8 |
Unsecured Loans |
1.200 |
0.800 |
|
|
|
|
|
|
|
Sub Total (C) |
1.200 |
0.800 |
|
|
|
|
|
|
9 |
TOTAL OUTSIDE
LIABILITIES (A+B+C) |
27.405 |
27.973 |
|
|
|
|
|
|
10 |
NET WORTH |
|
|
|
|
|
|
|
|
11 |
Share Capital |
5.000 |
5.000 |
|
|
Share Application |
3.400 |
3.400 |
|
|
Reserves & Surplus |
2.068 |
5.271 |
|
|
|
|
|
|
11 |
NET WORTH |
10.468 |
13.671 |
|
|
|
|
|
|
12 |
TOTAL
LIABILITIES |
37.873 |
41.644 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
13 |
Cash & Bank Balances |
0.341 |
0.432 |
|
|
|
|
|
|
14 |
Receivables |
12.740 |
15.925 |
|
|
|
|
|
|
15 |
Stock in Hand |
23.792 |
25.288 |
|
|
|
|
|
|
16 |
Loans & Advances |
1.000 |
-- |
|
|
|
|
|
|
17 |
Other Current Assets |
-- |
-- |
|
|
|
|
|
|
18 |
TOTAL CURRENT
ASSETS |
37.873 |
41.644 |
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
19 |
Gross Block w.d.v. 1st April |
-- |
-- |
|
19a |
Addition |
-- |
-- |
|
19 b |
Sale |
-- |
-- |
|
20 |
Deprecation for the year |
-- |
-- |
|
21 |
Net Block w.d.v 31st March |
-- |
-- |
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
22 |
Investment |
-- |
-- |
|
23 |
Non Consumable Stores & Spares |
-- |
-- |
|
|
|
|
|
|
24 |
TOTAL OTHER NON
CURRENT |
-- |
-- |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
25 |
Intangible Assets |
-- |
-- |
|
|
|
|
|
|
26 |
TOTAL ASSETS |
37.873 |
41.644 |
|
|
|
|
|
|
27 |
TANGIBLE NET
WORTH |
10.468 |
13.671 |
|
|
|
|
|
|
28 |
NET WORKING
CAPITAL |
11.668 |
14.472 |
|
|
|
|
|
|
29 |
Current
Ratio |
1.45 |
1.53 |
|
|
|
|
|
|
30 |
Debt
Equity Ratio |
0.11 |
0.06 |
|
|
|
|
|
|
31 |
TOL/TNW |
2.62 |
2.05 |
|
|
|
|
|
|
32 |
TOL/TNW
- Quasi |
2.35 |
1.93 |
|
|
|
|
|
|
33 |
Debt
Equity Ratio-Quasi |
0.10 |
0.06 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSBLE BANK FINANCE
(RS. IN MILLIONS)
|
S No. |
Particulars |
31.03.2014 |
31.03.2015 |
|
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
1 |
Total Current Assets |
37.873 |
41.644 |
|
|
|
|
|
|
2 |
Total Current Liabilities other than Bank
borrowings |
1.205 |
2.173 |
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
36.668 |
39.472 |
|
|
|
|
|
|
4 |
Min. stipulated net working capital i.e.,
25% of total current assets as the case may be depending upon the method of
lending being applied |
9.468 |
10.411 |
|
|
|
|
|
|
5 |
Actual /projected net working capital |
11.668 |
14.472 |
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
27.200 |
29.061 |
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
25.000 |
25.000 |
|
|
|
|
|
|
8 |
Maximum permissible bank finance (Item 6 or 7 whichever is lower) |
25.000 |
25.000 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF MPBF UNDER
TURNOVER METHOD
(RS. IN MILLIONS)
|
S No. |
Particulars |
31.03.2014 |
31.03.2015 |
|
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
1 |
Estimated Sales |
150.000 |
187.500 |
|
|
|
|
|
|
2 |
25% of Gross Sales |
37.500 |
46.875 |
|
|
|
|
|
|
3 |
Margin 5% |
7.500 |
9.375 |
|
|
|
|
|
|
4 |
Actual/Projected NWC |
11.668 |
14.472 |
|
|
|
|
|
|
5 |
Item 2 minus 3 |
30.000 |
37.500 |
|
|
|
|
|
|
6 |
Item 2 minus item 4 |
25.832 |
32.403 |
|
|
|
|
|
|
7 |
Permissible Bank Finance (Lower of item 5 and item 6) |
25.832 |
32.403 |
|
|
|
|
|
|
8 |
Facility Requested |
25.000 |
25.000 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF DRAWING
POWER ON THE BASIS OF PROJECTIONS FOR THE YEAR ENDED
(RS. IN MILLIONS)
|
Drawing Power
Against Stock |
31.03.2014 |
31.03.2015 |
|
|
(Estimated) |
(Projected) |
|
Value of Stocks |
23.792 |
25.288 |
|
|
|
|
|
Less: Creditors |
0.405 |
0.973 |
|
|
|
|
|
Net Paid Stock |
23.387 |
24.315 |
|
|
|
|
|
Less: Margin 25% |
5.847 |
6.079 |
|
|
|
|
|
Drawing Power
(A) |
17.540 |
18.236 |
|
|
|
|
|
Drawing Power
Against Book – Debts |
|
|
|
|
|
|
|
Value of Book -Debts |
12.740 |
15.925 |
|
|
|
|
|
Less : Margin 40% |
5.096 |
6.370 |
|
|
|
|
|
Drawing Power
(B) |
7.644 |
9.555 |
|
|
|
|
|
Total Drawing
Power (A+B) |
25.184 |
27.791 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
(MR. SHRIRAJ SADASHIV
SHETTY)
(RS. IN MILLIONS)
|
Particulars |
2012-2013 |
|
|
INCOME FROM SALARIES
|
|
|
|
Employer 1 |
|
|
|
Salary as per
Form 16 |
0.192 |
|
|
Total Income |
|
0.192 |
|
|
|
|
|
Income
Chargeable under the head “Salaries” |
|
0.192 |
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
Dividends exempt
u/s 10(34) |
0.000 |
|
|
Income
Chargeable under the head “Other Sources” |
|
0.000 |
|
|
|
|
|
Total Income |
|
0.192 |
|
|
|
|
|
Tax on Total
Income |
|
0.000 |
|
|
|
|
|
Schedule 1 |
|
|
|
|
|
|
|
Dividends exempt
u/s 10(34) |
|
|
|
Name of the
company |
|
|
|
Heranba
Industries Limited |
|
0.169 |
|
|
|
|
|
Income with full
exemption |
|
|
|
Income |
|
|
|
Dividend Income |
0.169 |
|
|
Other Exempted
Income |
-- |
|
|
|
|
|
|
Total Exempted
Income |
|
0.169 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
(MR. SADASHIV K. SHETTY)
(RS. IN MILLIONS)
|
Particulars |
2011-2012 |
||
|
INCOME FROM SALARIES |
|
|
|
|
Employer l: Heranba Industries Limited |
|
|
|
|
Salary as per Form 16 |
3.689 |
|
|
|
Total salary |
|
3.689 |
|
|
Less: Tax on employment u/s 16(iii) |
|
0.003 |
|
|
Income
chargeable under the
head "Salaries" |
|
|
3.686 |
|
|
|
|
|
|
INCOME FROM HOUSE PROPERTY |
|
|
|
|
Self-occupied property |
|
|
|
|
Gross annual value u/s 23(2){a) |
|
0.000 |
|
|
Less: Interest on borrowed capital u/s 24(b) |
|
0.150 |
|
|
Income from self-occupied property |
|
(0.150) |
|
|
Income
chargeable under the head "House Property" |
|
|
(0.150) |
|
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
|
Dividends exempt u/s 10(34)
(Schedule I) |
|
0.000 |
|
|
Bank Interest |
|
0.009 |
|
|
Income
chargeable under the head "other sources" |
|
|
0.009 |
|
|
|
|
|
|
GROSS TOTAL
INCOME |
|
|
3.545 |
|
|
|
|
|
|
Deductions under chapter VI-A |
|
|
|
|
Investment U/S 80C.-GCe. CCD, CCF |
|
|
|
|
- Life insurance premium |
0.100 |
|
|
|
- 80CCC: Contribution to pension fund |
0.009 |
|
|
|
Total investment-subject to ceiling u/s
80CCE |
|
|
0.100 |
|
|
|
|
|
|
Total Income |
|
|
3.445 |
|
|
|
|
|
|
Total income rounded off uls 288A |
|
|
3.445 |
|
|
|
|
|
|
Tax on total
income |
|
|
0.886 |
|
Add: Education Cess |
|
|
0.026 |
|
Tax with Cess |
|
|
0.912 |
|
Net Tax |
|
|
0.912 |
|
|
|
|
|
|
TDS (Schedule 2) |
|
0.910 |
|
|
Total prepaid taxes |
|
|
0.910 |
|
Balance Tax |
|
|
0.003 |
|
Interest u/s 234A |
|
|
0.000 |
|
|
|
|
|
|
Balance tax
payable |
|
|
0.003 |
|
|
|
|
|
|
Schedule 1 |
|
|
|
|
Dividends exempt u/s 10(34) |
|
|
|
|
Name of the company |
|
|
|
|
Heranba Industries Limited |
|
|
4.344 |
|
|
|
|
|
|
Schedule 2 |
|
|
|
|
TDS from Salaries |
|
|
|
|
Name of the employer and TAN |
|
|
|
|
Heranba Industries Limited -TAN- MUMH07158E |
|
3.437 |
0.910 |
|
|
|
|
|
|
Income with full
exemption |
|
|
|
|
Income |
Section |
Amount (In Millions) |
|
|
Dividend income |
10(34) |
4.344 |
|
|
Other exempted income |
|
-- |
|
|
Total exempted income |
|
4.344 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
MR.
SADASHIV PAKEERA SHETTY
(RS. IN MILLIONS)
(DETAILS OF
ASSETS)
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchases Cost |
Present Value |
|
|
|
|
|
|
|
|
|
Flats |
Joint |
1500 sq. ft. |
Freehold |
18/A, Tower D, Viceroy Park, Thakue Village, Kandivali (East) Mumbai
400101, Maharashtra, India |
492.873 |
1250.000 |
MOVABLE PROPERTY
|
Name of company
and Branch |
Policy No. |
Dt. of Issue |
Sum Assured |
Annual Premium |
|
|
|
|
|
|
|
LIC Borivali – IC Colony Branch |
892624775 |
09.07.2004 |
0.500 |
0.017 |
|
LIC Borivali |
892624776 |
09.07.2004 |
0.500 |
0.016 |
|
LIC Borivali |
892624777 |
09.07.2004 |
1.000 |
0.040 |
|
LIC Borivali |
892624778 |
09.07.2004 |
0.500 |
0.015 |
|
LIC Borivali |
892624779 |
09.07.2004 |
0.500 |
0.014 |
|
LIC Borivali |
892624780 |
09.07.2004 |
0.600 |
0.017 |
|
LIC Borivali |
892624781 |
09.07.2004 |
0.700 |
0.019 |
|
LIC Borivali |
892624782 |
09.07.2004 |
0.700 |
0.019 |
|
LIC Borivali |
880792761 |
01.07.1999 |
1.000 |
0.033 |
|
LIC Borivali |
880792762 |
01.07.1999 |
1.000 |
0.22 |
|
LIC Borivali |
905222577 |
23.03.2005 |
6.850 |
0.754 |
JEWELLERY
|
Description |
Quality |
Valuation
(Approx)* |
Details of
Shridhan if any |
|
|
|
|
|
|
Ornaments |
46.77 |
1.333 |
Gold and Diamond Jewellery |
CAPITAL INVESTED
IN BUSINESS – NAME OF FIRM COMPANY
Heranba Industries – Equity Shares = Rs.15.238
Millions
Heranba Industries Limited – Preference Shares
= Rs.1.010 Millions
Shakti Bio Science Limited – Equity Share with
premium = Rs.75.675 Millions
Heranba Agro Science Limited – Equity Shares =
Rs.0.150 Millions
Same Industries Limited – Equity Shares = Rs.0.051
Million
(DETAILS OF
LIABILITIES)
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Security |
Repayment Terms |
Outstanding
Balance |
|
|
|
|
|
|
|
|
Corporation Bank |
Housing Loan |
4.150 |
Kandivali Flat |
Standard |
1.426 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Sujata Shetty |
Business |
Wife |
53 |
Married |
18/A, Tower D, Viceroy Park, Thakue Village, Kandivali (East) Mumbai 400101,
Maharashtra, India |
|
Shriraj Shetty |
Business |
Son |
24 |
Single |
18/A, Tower D, Viceroy Park, Thakue Village, Kandivali (East) Mumbai
400101, Maharashtra, India |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
MR.
SHRIRAJ SADASHIV SHETTY
(RS. IN MILLIONS)
(DETAILS OF
ASSETS)
JEWELLERY
|
Description |
Quality |
Valuation
(Approx)* |
Details of
Shridhan if any |
|
|
|
|
|
|
Ornaments |
2.56 |
0.073 |
Gold and Diamond Jewellery |
CAPITAL INVESTED
IN BUSINESS – NAME OF FIRM COMPANY
Heranba Industries – Equity Shares = Rs.0.843 Millions
Shakti Bio Science Limited – Equity Shares =
Rs.0.002 Million
Other Investment / Assets = Cash and Bank Balance = Rs.0.056 Million
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Sujata Shetty |
Business |
Mother |
53 |
Married |
18/A, Tower D, Viceroy Park, Thakue Village, Kandivali (East) Mumbai
400101, Maharashtra, India |
|
Sadashiv Shetty |
Business |
Father |
58 |
Married |
18/A, Tower D, Viceroy Park, Thakue Village, Kandivali (East) Mumbai
400101, Maharashtra, India |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
(PART – I)
|
Regarding |
Valuation of an Industrial Gala Premises |
|
|
|
|
Name of the applicant/s |
Mr. Sadashiv K. Shetty |
|
|
|
|
Name of the Seller/s |
M/s. Kohinoor Shelters through its
proprietor Mr. Ramesh Pritamdas Hotchandani |
|
|
|
|
Phone No. of Applicant/s |
28955581/ 82/ 83 |
|
|
|
|
Address of the Applicant/s |
Residential premises 18/A, Tower-D, Viceroy
Park, Thakur Village, KandivaIi (East), Mumbai – 400101, Maharashtra, India |
|
|
|
|
Address of the Property |
Industrial premises Gala Nos. 5 and 6, on
the Ground Floor, in the building known as "Kohinoor Industrial Estate,
'A' Situated at Kohinoor Industrial Estate, Opposite C.H.M. Collage, Near
Station Road, Ulhasnagar-3, Thane. |
|
|
|
|
Survey Nos. |
Land bearing U No.26 (Part), Sheet No.14,
situated at Near BK. No.957, behind B.K No.969, station Road, Ulhasnagar – 3,
Taluka and District – Thane. |
|
|
|
|
Current Possession with |
Owner of the property |
|
|
|
|
Latitude and Longitude |
Latitude – 19º22’ N Longitude – 73º15’ E |
|
|
|
|
Type of the property |
Industrial Gala Premises. |
|
|
|
|
Requested By |
1) Senior Manager - Bank of India. Vile Parle Branch. 2) Mr. Sadashiv K. Shetty. |
|
|
|
|
Date of Inspection |
04/01/2014 |
|
|
|
|
Survey in Presence of |
Mr. Sadashiv K. Shetty owner of the Property. |
|
|
|
|
Purpose of Valuation |
To ascertain fair market value of the property |
|
|
|
|
Location |
Near Bk. No.957, Station Road, Ulhasnagar-3, Thane |
|
|
|
|
Type of Locality |
Industrial |
|
|
|
|
Class |
Middle Class |
|
|
|
|
Nearest Station |
Ulhasnagar. |
|
|
|
|
Distance from Station |
This Building is % Km distance from Ulhasnagar |
|
|
|
|
Civic Amenities |
Available nearby |
|
|
|
|
Building Details |
-- |
|
|
|
|
Type of Land |
Non - Agricultural. |
|
|
|
|
Plot Boundaries |
East - Kapil Gold Plast. West - Shakti Raj
Industry. North – Lobby/ Gala No.7 and 8. South - Open Space / Entrance. |
|
|
|
|
Type of Occupation - Ownership I Tenanted |
Ownership |
|
|
|
|
Type of Structure |
RCC Frame +Brick wall Partitions. |
|
|
|
|
No. of Floors in Building |
Ground Floor +First Floor Structure. |
|
|
|
|
No. of Lifts |
No |
|
|
|
|
Flat Details |
Industrial Unit. |
|
|
|
|
Floor (This Property) |
Ground Floor |
|
|
|
|
Type of Flat |
Industrial Unit. |
|
|
|
|
Saleable Area |
Gala No.5: 1513 Sq. ft. Gala No.6: 1464 Sq. Ft. Total 2977 Sq. Ft. Super Built Up Area. Including otla on the Ground Floor |
|
|
|
|
Completeness of Project |
Complete |
|
|
|
|
Exterior |
Acrvlic Paint |
|
|
|
|
Interior |
Flooring: IPS Flooring Windows: MS. Windows Doors: MS. doors. |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Under Construction |
No |
|
|
|
|
Complete |
Yes |
|
|
|
|
Age of the Property |
About 3 years |
|
|
|
|
Residual (Future) |
About 47 years. |
|
|
|
|
Ind. Building I Complex of |
N.A. |
|
|
|
|
Separate Compound wall |
N.A. |
|
|
|
|
Garden |
N.A. |
|
|
|
|
Paving around the Building/ Chequered tiles |
N.A. |
|
|
|
|
Car Parking |
N.A. |
|
|
|
|
Maintenance / first impression |
Good |
|
|
|
|
Water Availability |
Municipal Water |
|
|
|
|
Compliance to sanctioned plans |
Construction Permission bv UMC |
|
|
|
|
Valuation Method |
Composite Rate Method |
|
|
|
|
Valuation |
The market value
obtained in this report is defined as follows: Market value is the estimated
amount for which an asset should
exchange on the date of valuation between a willing buyer and a willing
seller in an Arm's length transaction after proper marketing wherein the
parties had each acted knowledgeably and without compulsion. (As defined -by
the international Valuation Standards Committee, London.) Thus, the characteristic of the Market Values are – a)
It is a free will sale b)
It is an estimated amount and not a predetermined
or an actual sale price. c)
It is time - specific as on the given date. d)
It depends on purpose of valuation. e)
Buyer and seller are actuated by Business
principles. They are unrelated and are acting independently. f)
Asset would be exposed to the market in the most
appropriate manner to effect its disposal at the best price possible. |
|
|
|
|
Current Fair Market Rate |
Rs.9,500/- per Sq. ft. on Built up area. |
|
|
|
|
Current Fair Market Rate |
Hence Market Value of the Industrial Gala Premises: Total Super Built Up Area of the premises X Market Rate adopted 2977 Sq. ft.
Super
Built Up Area X Rs.9,500/- Per
Sq. Ft. = Rs.28.282 Millions |
|
|
|
|
Realizable Value |
The value
Realizable by the bank is generally less than the market value because of
various factors such as mode of payment (Strictly by Cheque), Limitation of
effective marketing, costs involved in the process of the sale etc. The
Percentage variation between RV and MV depends on various factors such as
urban or rural property, user and location of the property etc. in their
opinion, considering these aspects, 10% reduction will be appropriate. They
are therefore, discounting 10% in the Fair Market Value. Rs.28.282
Millions X 0.90 = Rs.2.5.453 Millions. 90% of the
Market Value. |
|
|
|
|
Distress Sale Value |
It means the
amount which may reasonably be expected to obtained from the sale of a
property in which one of more characteristics of the definition of market
value is noe satisfied: The seller may be an unwilling seller and the buyer
may be motivated by the knowledge of the disadvantage the seller suffer from.
Due to this we are discounting the above value By 20%. Hence
Forced/Distress Value as on date = Fair Market
Value as on date x 0.80 = Rs.28.282 Millions X 0.80 = Rs.22.625 Millions |
|
|
|
|
Basis for recommended rate |
Location,
Quality of construction, residual life of the, building, supply, demand,
local enquiries, market feedback of investigations etc. |
|
|
|
|
Suggested sum assured for fire Insurance cover (Replacement Cost) |
The Fir Insurance needs to be Purchased on 'Replacement' or
Reinstatement basis. It means one can get' New for old' Property destroyed by
fire, Earthquake etc. Land component has to be deducted from total Value and
only cost of New construction has to be considered in deciding the Sum
Insured. Rs.4.500 Millions |
|
|
|
|
Government Value |
Rs.39,100/- per Sq. Mtr. as per Ready Reckoner 2013. |
|
|
|
|
Reason for deviation if any |
Registrar's rates are for normal properties and they not consider
amenities, location, Vastushastra Compliance proximity to a temple, a school
and college etc. |
|
|
|
|
Agreement |
Date: 25/10/2013 Amount: Rs.8.037 Millions |
|
|
|
|
Registration Date |
Date: 25/10/2013 |
|
|
|
|
Registration No. |
UHN 1·2062/2013 with the office of Sub Registrar Ulhasnagar-1 |
|
|
|
|
Village |
Ulhasnagar Camp 3 |
|
|
|
|
Registrar's Value |
Rs.8.037 Millions (Year 2013) |
|
|
|
|
Receipt No. |
3287 |
|
|
|
|
Agreement between |
Purchaser: Mr. Sadashiv K. Shetty. Seller: Kohinoor Associates through its proprietor Mr. Ramesh
Pritamdas Hotchandani. |
(PART – II)
TECHNICAL DETAILS OF
PREMISES AS MENTIONED BELOW
|
Particulars |
Technical
Details |
|
|
|
|
No. of Floor and Height of each floor |
Ground +First floor
Structure Height 22' |
|
|
|
|
Plinth area floor wise |
As per approved Plan |
|
|
|
|
Year of construction |
2010 |
|
|
|
|
Estimated future life |
47 years of economical life if maintained
proprietary |
|
|
|
|
Type of construction load bearing walls/ RCC
frame/ steel frame |
RCC Frame Structure |
|
|
|
|
Type of foundations |
R.C.C. |
|
|
|
|
Walls |
Brick |
|
|
|
|
Partitions |
Brick |
|
|
|
|
Doors. Windows etc. (Floor-wise) |
Rolling Shutter and MS Windows |
|
|
|
|
Flooring (Floor-wise) |
Kotah Stone Flooring |
|
|
|
|
Finishing (Floor-wise) |
Good |
|
|
|
|
Roofing and Terracing |
R.C.C and A.C Sheet Roofing |
|
|
|
|
Special Architectural or decorative |
NA |
|
|
|
|
Internal Wiring – Surface or Conduit |
Surface Wiring |
|
Class of Fittings – Superior/ Ordinary/ Poor
|
Ordinary |
|
|
|
|
Sanitary Installations |
Provided |
|
|
|
|
Quality of Fittings – Standard/ Coloured |
Ordinary |
|
|
|
|
Compound Wall |
Provided |
|
|
|
|
Roads and Paving within the compound approx.
area type of paving |
Compound Area is leveled |
|
|
|
|
Sewage disposal/ Whether connected to public
sewer. If Septic tanks provided |
Connected to municipal sewer line |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NOT 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.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.