|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAJRANG TEXTILES |
|
|
|
|
Registered
Office : |
Off No. 46, 1st Floor, Swadeshi Market, 316 Kalbadevi Road,
Mumbai - 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.04.2012 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.200 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AMBPP5945Q |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing of Fancy Yarn and Grey.
|
|
|
|
|
No. of Employees
: |
6 (Approximately) (Office – 4 and Factory – 2) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
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 an established proprietary concern having a moderate track.
Profitability of the concern seems to be low during 2013. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The concern can be considered for business dealing 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 – 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs.37920 mn in 14 states until December.
Maharashtra topped the list of Rs.14190 mn followed by Andhra Pradesh at Rs.8140
mn, Gujarat Rs.5240 mn, Karnataka Rs.1670 mn and Tamilnadu Rs.1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs.1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs.2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs.3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs.16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 : |
Ms. Sonika |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-22054091 |
|
Date : |
26.03.2014 |
LOCATIONS
|
Registered Office : |
Off No. 46, 1st Floor, Swadeshi Market, 316 Kalbadevi Road,
Mumbai - 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22054091 |
|
Mobile No.: |
91-9323030333 (Mr. Ramawtar Pareekh) |
|
Fax No.: |
Not Available |
|
Location : |
Rented |
|
|
|
|
Godown : |
Plot No. 14 and 15, Balaji Industrial Estate, Survey No.205/1/2,
Village Pipariya, Silvassa – 396230, Dadra and Nagar Haveli (U.T.) India |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Ramawtar Bhawarlal Pareekh |
|
Designation : |
Proprietor |
|
Address : |
A-110, C B E Saraswati Sadan CHS limited, Near Sai Park, Navghar Road,
Bhayndar (East), Thane – 401105, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1971 |
|
Qualification : |
B. Com. |
|
Experience : |
10 Years |
KEY EXECUTIVES
|
Name : |
Ms. Sonika |
|
Designation : |
Accounts Department |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Fancy Yarn and Grey.
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
· Shree Balaji Syncot Private Limited · Manibhadra Enterprises · Shree Hanuman Textiles |
|
|
|
|
Customers : |
Wholesalers · Shiv Shakti Corporation · Rantandeep Enterprises · Suman Enterprises |
|
|
|
|
No. of Employees : |
6 (Approximately) (Office – 4 and Factory – 2) |
|
|
|
|
Bankers : |
· ICICI Bank 3/17, P H Purohit Marg, (Ramwadi), Adarsh Hotel Building, Kalbadevi, Mumbai, Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
GSV and Company Chartered Accountants |
|
Address : |
110, 1st Floor, 21st Century Business Centre,
Ring Road, Surat – 395002, Gujarat, India
|
|
Tel No.: |
91-261-4003090 |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
|
Capital Investment : |
|
|
Owned : |
Rs.1.200 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.1.200
Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.023 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.223 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.200 |
|
|
TOTAL BORROWING |
|
|
0.200 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.423 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
5.404 |
|
|
Cash & Bank Balances |
|
|
0.190 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
5.594 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
3.470 |
|
|
Other Current Liabilities |
|
|
0.701 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
4.171 |
|
|
Net Current Assets |
|
|
1.423 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.423 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
9.818 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
9.818 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases Accounts |
|
|
9.565 |
|
|
|
Bank Charges |
|
|
0.014 |
|
|
|
Fund Insurance |
|
|
0.050 |
|
|
|
LIC |
|
|
0.002 |
|
|
|
Office Expenses |
|
|
0.014 |
|
|
|
Professional Expenses |
|
|
0.025 |
|
|
|
Professional Fees |
|
|
0.060 |
|
|
|
Shubhash K. |
|
|
0.065 |
|
|
|
TOTAL |
|
|
9.795 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.023 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.023 |
|
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2013 |
|
PAT / Total Income |
(%) |
|
|
0.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
0.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one years |
Yes |
|
12] |
Profitability for last one 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 |
No |
|
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 |
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 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs. In Millions) |
|
|
|
|
Loans from friends and relatives |
0.200 |
|
|
|
|
Total |
0.200 |
------------------------------------------------------------------------------------------------------------------------------
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Sr. No |
|
Particulars |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|
|
|
|
|
1 |
|
GROSS SALES |
|
|
|
|
|
i) |
Sales |
|
|
|
|
|
|
a) Domestic Sales |
41.400 |
51.750 |
59.513 |
|
|
|
b) Sub-total [a] |
41.400 |
51.750 |
59.513 |
|
|
|
c) %age rise (+) or fall (-) in net sales as compared to previous year |
321.69% |
25.00% |
15.00% |
|
|
|
Total |
41.400 |
51.750 |
59.513 |
|
|
|
|
|
|
|
|
|
ii) |
Other income |
|
|
|
|
|
|
a)Duty drawback |
- |
- |
- |
|
|
|
b)Cash assistance |
- |
- |
- |
|
|
|
c)Commission/Brokerage/interest |
- |
- |
- |
|
|
|
d) Sub-total
[a+b+c] |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
Total [i] + [ii] |
41.400 |
51.750 |
59.513 |
|
|
|
|
|
|
|
|
2 |
|
COST OF SALES |
|
|
|
|
|
i) |
Purchases |
44.234 |
50.032 |
56.627 |
|
|
|
Imported |
- |
- |
- |
|
|
|
Domestic |
44.234 |
50.032 |
56.627 |
|
|
ii) |
Other expenses |
-- |
-- |
-- |
|
|
iii) |
Sub-total [i +
ii] |
44.234 |
50.032 |
56.627 |
|
|
iv) |
Add: Opening stock |
- |
3.999 |
5.329 |
|
|
v)
|
Sub-total [iii +
iv] |
44.234 |
54.032 |
61.956 |
|
|
vi) |
Less: Closing Stock |
3.999 |
5.329 |
6.111 |
|
|
vii) |
Sub-total [Total cost of sales] [v - vi] |
40.235 |
48.702 |
55.846 |
|
|
|
|
|
|
|
|
3 |
|
Selling, General & Administrative Expenses (including bonus
payments) |
0.964 |
1.205 |
1.380 |
|
|
|
|
|
|
|
|
4 |
|
Operating Profit before interest & Depreciation [1(iii)-2(vii)-3] |
0.202 |
1.843 |
2.287 |
|
|
|
|
|
|
|
|
5 |
|
INTEREST Exps.- Interest |
0.099 |
1.190 |
1.190 |
|
|
|
-Other
Loans |
|
|
|
|
|
|
|
|
|
|
|
6 |
|
DEPRECIATION |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7 |
|
Operating profit after interest and depreciation [4-5-6] |
0.103 |
0.653 |
1.097 |
|
|
|
|
|
|
|
|
8 |
|
(i) Add other
non-operating income |
|
|
|
|
|
|
(a) Misc. income |
-- |
-- |
-- |
|
|
|
Subtotal
(income) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(ii) Deduct
other non-operating expense |
|
|
|
|
|
|
(a) Directors Remuneration |
-- |
-- |
-- |
|
|
|
(b) Interest on Partners' capital |
-- |
-- |
-- |
|
|
|
Subtotal
(expenses) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iii) Net of other non-operating incomes/ expenses (net of 8(i) &
8(ii)) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
9 |
|
Profit before tax/loss (7+8(iii)) |
0.103 |
0.653 |
1.097 |
|
|
|
|
|
|
|
|
10 |
|
Provision for tax |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
11 |
|
Net profit / (loss)[9-10] |
0.103 |
0.653 |
1.097 |
|
|
|
|
|
|
|
|
12 |
|
(i) Equity dividend paid/ Drawings |
-- |
-- |
-- |
|
|
|
(ii) Dividend Rate |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
13 |
|
Retained Profit[11-12] |
0.103 |
0.653 |
1.097 |
|
|
|
|
|
|
|
|
14 |
|
Retained profit / Net Profit (%age) |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Sr. No |
Particulars |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
CURRENT LIABILITIES |
|
|
|
|
1 |
Short
term borrowings from bank (incl. Bills purchased, discounted & excess
borrowings placed on repayment basis) |
|
|
|
|
|
(i) From applicant bank |
10.000 |
10.000 |
10.000 |
|
|
(ii)
From other banks |
-- |
-- |
-- |
|
|
(iii)
of which EP & BD |
-- |
-- |
-- |
|
|
Sub Total (A) |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
2 |
Short
term borrowings from others |
-- |
-- |
-- |
|
|
|
|
|
|
|
3 |
Sundry
Creditors - Trade |
2.424 |
2.741 |
3.103 |
|
|
|
|
|
|
|
4 |
Advance
payments from customers/deposits from dealers |
-- |
-- |
-- |
|
|
|
|
|
|
|
5 |
Provision
for Taxation |
-- |
-- |
-- |
|
|
|
|
|
|
|
6 |
Dividend
Payable |
-- |
-- |
-- |
|
|
|
|
|
|
|
7 |
Other
statutory liabilities (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
8 |
Deposits/Instalments
of term loan/ DPGs/ Debentures etc. (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
9 |
Other
current liabilities & Provisions (due
within one year) |
0.708 |
0.713 |
0.718 |
|
|
|
|
|
|
|
|
Sub Total (B) |
3.132 |
3.454 |
3.821 |
|
|
|
|
|
|
|
10 |
Total Current Liabilities [total of 1 to 9] |
13.132 |
13.454 |
13.821 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
11 |
Debentures
(not maturing within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
12 |
Preference
Shares (redeemable after one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
13 |
Term
loans (excluding instalments payable within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
14 |
Differed
Payment Credits (excl. instalments due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
15 |
Term
deposits (repayable after one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
16 |
Other
term liabilities |
|
|
|
|
|
(a)
Unsecured loans |
0.900 |
0.900 |
0.900 |
|
|
|
|
|
|
|
17 |
Total term liabilities (Total of 11 to 16) |
0.900 |
0.900 |
0.900 |
|
|
|
|
|
|
|
18 |
Total Outside Liabilities [10+17] |
14.032 |
14.354 |
14.721 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
19 |
Capital |
1.223 |
4.126 |
4.779 |
|
|
|
|
|
|
|
20 |
General
Reserve |
-- |
-- |
-- |
|
|
|
|
|
|
|
21 |
Capital
Addition |
2.800 |
-- |
-- |
|
|
|
|
|
|
|
22 |
Other
reserves (excluding provisions) |
-- |
-- |
-- |
|
|
|
|
|
|
|
23 |
Surplus
(+) or deficit (-) in Profit & Loss Account |
0.103 |
0.653 |
1.097 |
|
|
|
|
|
|
|
24 |
Net
worth |
4.126 |
4.779 |
5.875 |
|
|
|
|
|
|
|
25 |
TOTAL
LIABILITIES [18+24] |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
26 |
Cash
& Bank balances |
0.650 |
0.655 |
0.660 |
|
|
|
|
|
|
|
|
Fixed
Deposits |
-- |
-- |
-- |
|
|
|
|
|
|
|
28 |
Receivables(Domestic) |
9.981 |
12.577 |
13.144 |
|
|
|
|
|
|
|
30 |
Inventories |
|
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
|
|
(b)
Indigenous |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
3.067 |
-- |
-- |
|
|
(iii)
Other consumable stores |
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
|
|
(b)
Indigenous |
-- |
-- |
-- |
|
|
(iv)
Finished Goods |
3.999 |
5.329 |
6.111 |
|
|
|
|
|
|
|
31 |
Advance
to suppliers of Raw materials & stores/spares |
-- |
-- |
-- |
|
|
|
|
|
|
|
32 |
Advance
payment of taxes |
-- |
-- |
-- |
|
|
|
|
|
|
|
33 |
Other
current assets |
0.460 |
0.572 |
0.681 |
|
|
|
|
|
|
|
34 |
Total Current asset [Total 26 to 33] |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
35 |
Gross
Block (land & building machinery vehicles work-in-progress) |
-- |
-- |
-- |
|
|
|
|
|
|
|
36 |
Depreciation
to date |
-- |
-- |
-- |
|
|
|
|
|
|
|
37 |
NET BLOCK (35-36) |
-- |
-- |
-- |
|
|
|
|
|
|
|
38 |
Investments/book
debts /advances deposits which are not current assets |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
i.(a)Investments
in subsidiary companies/ affiliates |
-- |
-- |
-- |
|
|
(b)Others |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii.
Advances to suppliers of capital goods & contractors |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii.
Deferred receivables (maturity exceeding one year) |
- |
- |
- |
|
|
|
|
|
|
|
|
iv.
Others |
-- |
-- |
-- |
|
|
|
|
|
|
|
39 |
Non
consumables stores & spare |
-- |
-- |
-- |
|
|
|
|
|
|
|
40 |
Other
non-current assets (incl. Dues from director) |
-- |
-- |
-- |
|
|
|
|
|
|
|
41 |
Total other non-current assets (Total of 38
to 40) |
-- |
-- |
-- |
|
|
|
|
|
|
|
42 |
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
-- |
-- |
-- |
|
|
|
|
|
|
|
43 |
TOTAL
ASSETS (Total of 34,37,41 & 42) |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
44 |
Tangible net worth (24-42) |
4.126 |
4.779 |
5.875 |
|
|
|
|
|
|
|
45 |
Net working Capital [(17+24)-(37+41+42)]
Totally with (34-10) |
5.026 |
5.679 |
6.775 |
|
|
|
|
|
|
|
46 |
Current
Ratio [34/10] |
1.38 |
1.42 |
1.49 |
|
|
|
|
|
|
|
47 |
Total
outside liabilities / Net worth
(18/44) |
3.40 |
3.00 |
2.51 |
|
|
Quasi
|
2.61 |
2.37 |
2.04 |
|
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|
|
|
|
|
A.
Arrears of depreciation |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
B.
Contingent Liabilities: |
-- |
-- |
-- |
|
|
(a)Arrears
of cumulative dividends |
-- |
-- |
-- |
|
|
(b)Gratuity
liability not provided for |
-- |
-- |
-- |
|
|
(c)Disputed
excise/ customs/tax liabilities |
-- |
-- |
-- |
|
|
(d)Other
liabilities not provided for |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL LIABILITIES [18+24] |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
|
TOTAL ASSETS (Total of 34,37,41 & 42) |
18.157 |
19.133 |
20.596 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|
|
|
|
1 |
Sources |
|
|
|
|
|
[a] Net profit (after tax) |
0.103 |
0.653 |
1.097 |
|
|
[b] Depreciation |
-- |
-- |
-- |
|
|
Partners' Salary & interest |
28.00 |
-- |
-- |
|
|
[d] Increased in Term Liab. (including
Public deposits) |
-- |
-- |
-- |
|
|
[e] Decrease in |
|
|
|
|
|
[i] Fixed Assets |
-- |
-- |
-- |
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
|
|
[f] Others (Unsecured Loans) |
0.700 |
-- |
-- |
|
|
[g] Total |
3.603 |
0.653 |
1.097 |
|
|
|
|
|
|
|
2 |
Application |
|
|
|
|
|
[a] Net Loss |
-- |
-- |
-- |
|
|
[b] Decrease in Term Liab. (Incl. Public
deposits) |
-- |
-- |
-- |
|
|
[c] Increase in |
|
|
|
|
|
[i] Fixed Assets |
-- |
-- |
-- |
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
|
|
[d] Withdrawals |
-- |
-- |
-- |
|
|
[e] Others (Unsecured loans) |
-- |
-- |
-- |
|
|
[f] Total |
-- |
-- |
-- |
|
|
|
|
|
|
|
3 |
Long Term Surplus (+)
/ Deficit (-)
(1 minus 2) |
3.603 |
0.653 |
1.097 |
|
|
|
|
|
|
|
4 |
+ /
(-) in current assets |
12.563 |
0.976 |
1.463 |
|
|
|
|
|
|
|
5 |
+ /
(-) in current Liabilities other than bank borrowings |
(1.039) |
0.323 |
0.366 |
|
|
|
|
|
|
|
6 |
+ /
(-) in working capital Gap |
13.602 |
0.653 |
1.097 |
|
|
|
|
|
|
|
7 |
Net Surplus (+) / deficit (-)
(Difference of 3 & 6) |
(10.000) |
-- |
-- |
|
|
|
|
|
|
|
8 |
+ /
(-) in Bank Borrowings |
10.000 |
-- |
-- |
|
|
|
|
|
|
|
|
* Break up of (4) |
|
|
|
|
|
[i]
+ / (-) in Raw material |
-- |
-- |
-- |
|
|
[ii]
+ / (-) in Stock in process |
-- |
-- |
-- |
|
|
[iii]
+ / (-) in finished goods |
3.999 |
1.330 |
0.782 |
|
|
[iv]
+ / (-) in Receivables |
|
|
|
|
|
[a] Domestic |
4.577 |
2.595 |
0.567 |
|
|
[b] Export |
-- |
-- |
-- |
|
|
[iii]
+ / (-) in stores & spares |
|
|
|
|
|
[iii]
+ / (-) in other Current Assets |
3.986 |
(2.950) |
0.114 |
|
|
|
|
|
|
|
|
Total |
12.563 |
0.976 |
1.463 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Sr. No. |
Particulars |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|
|
|
|
|
A. CURRENT ASSETS: |
|
|
|
|
1 |
Cash & Bank Balances |
0.650 |
0.655 |
0.660 |
|
|
Fix Deposit |
-- |
-- |
-- |
|
2 |
Investments
(other than long term investments) |
|
|
|
|
|
(i)
Government & other Trustee securities |
-- |
-- |
-- |
|
|
(ii)
Fixed deposits with banks |
-- |
-- |
-- |
|
|
|
|
|
|
|
3 |
(i)
Receivables other than deferred & exports (incl. Bills purchased &
discounted by banks) |
9.981 |
12.577 |
13.144 |
|
|
(ii)
Export receivable (incl. Bills purchased & discounted by banks) |
-- |
-- |
-- |
|
|
|
|
|
|
|
4 |
Instalments
of deferred receivable (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
5 |
Inventories |
|
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
|
|
(b)
Indigenous |
-- |
-- |
-- |
|
|
(ii)
Stock-in-process |
3.067 |
-- |
-- |
|
|
(iii)
Other consumable stores |
-- |
-- |
-- |
|
|
(a)
Imported |
-- |
-- |
-- |
|
|
(b)
Indigenous |
-- |
-- |
-- |
|
|
(iv)
Finished Goods |
3.999 |
5.329 |
6.111 |
|
|
|
|
|
|
|
6 |
Advance
to suppliers of Raw materials & stores/spares |
-- |
-- |
-- |
|
|
|
|
|
|
|
7 |
Advance
payment of taxes |
-- |
-- |
-- |
|
|
|
|
|
|
|
8 |
Other
current assets |
0.460 |
0.572 |
0.681 |
|
|
|
|
|
|
|
9 |
Total Current
Assets [1 to 8] |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
|
(To agree with item 34 in Form III) |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
|
B. CURRENT
LAIBILITES |
|
|
|
|
|
(Other than bank
borrowings for working capital) |
|
|
|
|
10 |
Short term borrowings from others |
-- |
-- |
-- |
|
|
|
|
|
|
|
11 |
Sundry Creditors - Trade |
2.424 |
2.741 |
3.103 |
|
|
|
|
|
|
|
12 |
Advance
payments from customers/deposits from dealers |
-- |
-- |
-- |
|
|
|
|
|
|
|
13 |
Provision for Tax |
-- |
-- |
-- |
|
|
|
|
|
|
|
14 |
Dividend
Payable |
-- |
-- |
-- |
|
|
|
|
|
|
|
15 |
Other
statutory liabilities (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
16 |
Deposits/
Instalments of term loan/ DPGs/ Debentures etc.(due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
17 |
Other
current liabilities & Provisions (due within one year) |
0.708 |
0.713 |
0.718 |
|
|
|
|
|
|
|
18 |
Total Current
Liabilities [10 to 17] |
3.132 |
3.454 |
3.821 |
|
|
|
|
|
|
|
|
(To agree with sub-total B-Form III) |
3.132 |
3.454 |
3.821 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Sr. No |
Particulars |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
1 |
Total Current Assets (Form IV) |
18.157 |
19.133 |
20.596 |
|
|
|
|
|
|
|
2 |
Other Current Liabilities (other than bank
borrowings) (14 of Form IV) |
3.132 |
3.454 |
3.821 |
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCP) (1-2) |
15.026 |
15.679 |
16.775 |
|
|
|
|
|
|
|
4 |
Minimum stipulated net working Capital -
25% of total current assets other than Export Receivables (as at 28(ii) of
form III) |
4.539 |
4.783 |
5.149 |
|
|
|
|
|
|
|
5 |
Actual/projected net working capital (45 in
form III) |
5.026 |
5.679 |
6.775 |
|
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
10.486 |
10.895 |
11.626 |
|
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
8 |
Maximum permissible bank finance (item 6 or
7 whichever is less) |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
9 |
Excess borrowings, if any representing
short fall in NWC (4-5) |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. RAMAVATAR PAREEK
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
Whether
encumbered (Give details) |
|
Non Agri. Land |
|
|
|
|
|
|
|
i.Commercial |
|
|
|
|
|
|
|
ii.Residential |
|
|
|
|
|
|
|
Flat / House |
Ramawtar Bharvarlal Pareek |
580 Sq. Ft. |
Free hold |
Add: A-110 C B E Saraswati Sadan CHS Ltd Near Sai Park, Navghar Road, Bhaindar ( East ) Thane-401105 |
6.800 |
Yes with State
Bank of Patiala against 6.400 Millions cash credit limit and Rs.2.600
Millions term loan |
|
|
Ramawtar Bharvarlal Pareek |
750 Sq. Ft. |
Free hold |
Falt No-704,Seventh Floor,Building:C-1 "Yogi Hills" Constructed on N.A.Land of Survey No-55/4/1/1,56/1,184/1/, 184/2/1, of Village: Amil of Tha Union Territory of Dadra & Nagar Haveli-396230 |
2.400 |
Yes with State
Bank of Patiala against 6.400 Millions cash credit limit and Rs.2.600
Millions term loan |
|
|
Ramawtar Bharvarlal Pareek |
750 Sq. Ft. |
Free hold |
Falt No-705,Seventh Floor,Building:C-1 "Yogi Hills" Constructed on N.A.Land of Survey No-55/4/1/1,56/1,184/1/, 184/2/1, of Village: Amil of Tha Union Territory of Dadra & Nagar Haveli-396230 |
2.400 |
Yes with State
Bank of Patiala against 6.400 Millions cash credit limit and Rs.2.600
Millions term loan |
|
Agri. Land |
|
|
|
|
|
|
|
Others |
|
|
|
|
|
|
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
& Branch |
Policy No |
Dt. of issue |
Sum assured |
Annual premium |
|
LIC |
-- |
2013 |
1.000 |
0.060 |
|
ICICI |
-- |
2011 |
0.240 |
0.024 |
SHARES / DEBENTURES / MUTUAL FUND ETC. (COPY OF DEMAT STATEMENT TO BE ENCLOSED)
|
Name of Company |
No. of shares/
|
Whether fully
paid (Yes/No) |
Current Market
value (Rs. In Millions) |
|
Co-operative Bank |
100 |
Yes |
0.700 |
INVESTMENT IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP / IVP ETC.
|
Nature of
Securities |
Dt. of purchase |
Issuing Office/
Post office |
Face value |
Due date |
Maturity amount |
|
FDR |
2011 |
Union Bank of India |
0.045 |
2014 |
0.057 |
VEHICLES
|
Type of Vehicle |
Cost at the time
of Purchase |
Present value |
|
Acitva |
62 |
0.052 |
|
Bajaj Bike |
48 |
0.034 |
|
Swift Desire |
950 |
0.686 |
CAPITAL INVESTED IN BUSINESS – NAME OF FIRM/ COMPANY
Shree Balaji Syncot Private Limited Rs.0.450 Millions
Bajrang Textiles Rs. 1.223 Millions
OTHER INVESTMENTS/ASSETS
Shree Balaji Threads Rs. 4.500 Millions
LEGAL HEIRS / FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
i. Reena
R. Pareek |
Housewife |
Wife |
38 |
Married |
A-110 C B E Saraswati Sadan CHS Limited Near Sai Park, Navghar Road, Bhaindar (
East ) Thane-401105, Maharashtra, India |
|
Madhu Pareek |
Studying |
Daughter |
19 |
Single |
A-110 C B E Saraswati Sadan CHS Limited Near Sai Park, Navghar Road, Bhaindar
(East) Thane-401105, Maharashtra, India |
|
Kirti Pareek |
Studying |
Daughter |
13 |
Single |
A-110 C B E Saraswati Sadan CHS Limited Near Sai Park, Navghar Road, Bhaindar ( East
) Thane-401105, Maharashtra, India |
|
Piyush Pareek |
Studying |
Son |
11 |
Single |
A-110 C B E Saraswati Sadan CHS Limited Near Sai Park, Navghar Road, Bhaindar (
East ) Thane-401105, Maharashtra, India |
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 records 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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.