|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KYATHI CLIMATE MODIFICATION CONSULTANTS |
|
|
|
|
Registered
Office : |
“Kyathi Commercio”, No.6/6/2, Yashodanagar, Opposite Jakkur Flying
Club, Bellary Road, Bangalore-560064, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 [Provisional] |
|
|
|
|
Date of
Incorporation : |
21.01.2013 |
|
|
|
|
Com. Reg. No.: |
FIRM/GNR/570/2012-13 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.258 Millions |
|
|
|
|
IEC No.: |
0714001759 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMFK8176D |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Providing Cloud Research and Cloud Seeding Services. |
|
|
|
|
No. of Employees
: |
Not Available |
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 operations |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new partnership concern established as on
21.01.2013, and is yet to commence its business operations as per the
financial documents of FY 2014. Mr. S.N. Srinivas provided complete information of the subject to us. Management has not started its commercial operations and has recorded
some pre-operative expenses which are further reported as a loss during FY
2014. Payment terms are unknown. In view of infancy, the subject 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. S.N. Srinivas |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9845161105 |
|
Date : |
28.05.2014 |
LOCATIONS
|
Registered Office : |
“Kyathi Commercio”, No.6/6/2, Yashodanagar, Opposite Jakkur Flying
Club, Bellary Road, Bangalore-560064, Karnataka, India |
|
Tel. No.: |
91-80-28564045 |
|
Mobile No.: |
91-9845161105 [Mr. S.N. Srinivas] |
|
Fax No.: |
91-80-28564041 |
|
E-Mail : |
|
|
Website : |
PARTNERS
|
Name : |
Mr. Prakash K. Koliwad |
|
Designation : |
Partner |
|
Address : |
105, MLA Layout, 7th Main, 4th Block, RMV II
Stage, Bangalore-560094, Karnataka, India |
|
Date of Birth/Age : |
42 Years |
|
|
|
|
Name : |
Mr. Gopal Karjol |
|
Designation : |
Partner |
|
Address : |
“Arun Nilay”, Vishal Nagar, Gangbawadi, Bijapur-586101, Karnataka,
India |
|
Date of Birth/Age : |
37 Years |
|
|
|
|
Name : |
Mr. Arun Karjol |
|
Designation : |
Partner |
|
Address : |
“Arun Nilay”, Vishal Nagar, Gangbawadi, Bijapur-586101, Karnataka,
India |
|
Date of Birth/Age : |
31 Years |
|
|
|
|
Name : |
Mr. Ramesh H. Odugoudar |
|
Designation : |
Partner |
|
Address : |
House No. 6, Sanskriti Castle, Shanti Colony, North Hubli-580032,
Karnataka, India |
|
Date of Birth/Age : |
50 Years |
|
|
|
|
Name : |
Mrs. Poornima Prakash Koliwad |
|
Designation : |
Partner |
|
Address : |
105, MLA Layout, 7th Main, 4th Block, RMV II
Stage, Bangalore-560094, Karnataka, India |
|
Date of Birth/Age : |
35 Years |
KEY EXECUTIVES
|
Name : |
Mr. S.N. Srinivas |
|
Designation : |
Chief Finance Officer |
BUSINESS DETAILS
|
Line of Business : |
Providing Cloud Research and Cloud Seeding Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Corporation Bank, RMV Extension, New Bel Road, Bangalore-560093,
Karnataka, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G.G. Patel and Company Chartered Accountants |
|
Address : |
2nd Floor, Sapthagiri Apartment, 6th Cross,
Malleswaram, Bangalore, Karnataka, India |
|
Tel. No.: |
91-80-23340487 |
CAPITAL STRUCTURE
AS ON 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs.5.258 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.5.258 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 [PROVISIONAL] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
5.258 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.258 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.258 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.101 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
5.157 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
5.157 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
5.157 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.258 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 [PROVISIONAL] |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Travelling Expenses |
|
|
0.818 |
|
|
|
Printing and Stationery |
|
|
0.043 |
|
|
|
Security Charges |
|
|
0.048 |
|
|
|
Salary |
|
|
0.390 |
|
|
|
Rent |
|
|
0.129 |
|
|
|
Professional Fees |
|
|
0.350 |
|
|
|
Tender Fees |
|
|
0.028 |
|
|
|
Bank Charges |
|
|
0.058 |
|
|
|
Postage and Courier |
|
|
0.007 |
|
|
|
Office Expenses |
|
|
0.012 |
|
|
|
Misc. Expenses |
|
|
0.002 |
|
|
|
Foreign Travel |
|
|
0.356 |
|
|
|
TOTAL |
|
|
2.241 |
|
|
|
|
|
|
|
|
|
NET PROFIT / (LOSS)
TAX |
|
|
(2.241) |
|
The above information has been parted by Mr. S.N. Srinivas.
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2014 [PROVISIONAL] |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.43) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.43) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for one year |
Yes |
|
12] |
Profitability for last one year |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT OF
MRS. POORNIMA PRAKASH KOLIWAD
(RS. IN MILLIONS)
|
PARTICULAR |
|
|
Immovable Properties |
Guarantor |
|
Address of the Property with Survey No.,
Door No. etc. |
Shop at Hadhubar Apartments, Koramangala |
|
Description: Land/Site/Building |
Building |
|
Whether Free Hold/Lease Hold |
Freehold |
|
Type of Property:
Commercial/Residential/Agricultural |
-- |
|
Area/Extent of Land |
500 Sq. Ft. |
|
Mortgaged For Availing Loan if any, Details
thereof |
No |
|
Present Market/Assessed Value |
Rs.10.000 Millions |
|
|
|
|
Investment in Business Capital |
|
|
Name of the Company/Firm/Concern in which
investment is made |
Kyathi Climate |
|
Present Value of Investment |
Rs.1.500 Millions |
|
|
|
|
Vehicles Owned |
|
|
Model/Make |
Indica – 2008 |
|
Date of Purchase |
2008 |
|
Whether Hypothecation For Loan |
Yes |
|
Details of Loan Against Vehicle |
At Corporation Bank, RNV II Stage |
|
Present Market Value |
Rs.0.250 Million |
|
|
|
|
Other Assets |
|
|
Furniture and Fixture |
Rs.2.800 Millions |
|
Cash in Hand |
Rs.1.200 Millions |
|
Jewellery |
Rs.7.900 Millions |
|
Other Assets if any |
Rs.1.400 Millions |
|
Total Value of Other Assets |
Rs.13.300 Millions |
|
|
|
|
Total Assets |
Rs.25.050 Millions |
|
|
|
|
Liabilities: |
|
|
Name of the Bank/Institution |
Corporation Bank |
|
Nature/Type of Loan |
Vehicle Loan |
|
Date of Loan |
-- |
|
Amount of Loan Availed |
-- |
|
Amount Outstanding |
Rs.0.090 Million |
|
|
|
|
Total Liabilities |
Rs.0.090 Million |
|
|
|
|
NETWORTH [ASSETS
- LIABILITIES] |
Rs.24.960 Millions |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT OF
MR. PRAKASH KOLIWAD
(RS. IN MILLIONS)
|
PARTICULAR |
|
|
Immovable Properties |
Guarantor |
|
Description: Land/Site/Building |
-- |
|
Whether Free Hold/Lease Hold |
No |
|
Type of Property:
Commercial/Residential/Agricultural |
All |
|
Area/Extent of Land |
-- |
|
Mortgaged For Availing Loan if any, Details
thereof |
CNTCC and Term Loan |
|
Present Market/Assessed Value |
Rs.367.500 Millions |
|
|
|
|
Investment in Business Capital |
|
|
Name of the Company/Firm/Concern in which investment
is made |
-- |
|
Present Value of Investment |
Rs.33.100 Millions |
|
|
|
|
Vehicles Owned |
|
|
Model/Make |
Range Rona Eroge |
|
Date of Purchase |
31.03.2012 |
|
Whether Hypothecation For Loan |
Yes |
|
Details of Loan Against Vehicle |
Rs.3.600 Millions O/S |
|
Present Market Value |
Rs.5.130 Millions |
|
|
|
|
Other Assets |
|
|
Furniture and Fixture |
Rs.9.900 Millions |
|
Cash in Hand |
Rs.2.600 Millions |
|
Total Value of Other Assets |
Rs.12.500 Millions |
|
|
|
|
Total Assets |
Rs.418.230 Millions |
|
|
|
|
Liabilities: |
|
|
Name of the Bank/Institution |
Corporation Bank and Kotak Mahindra Bank |
|
Nature/Type of Loan |
Housing Loan/Vehicle Loan and ENTCC |
|
Date of Loan |
-- |
|
Amount of Loan Availed |
-- |
|
Amount Outstanding |
Rs.17.500 Millions + Rs.3.400 Millions +
Rs.1.600 Millions = Rs.22.500 Millions |
|
|
|
|
Total Liabilities |
Rs.22.500 Millions |
|
|
|
|
NETWORTH [ASSETS
- LIABILITIES] |
395.730 Millions |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT OF
MR. GOPAL KARJOL
(RS. IN MILLIONS)
|
PARTICULAR |
|
|
Immovable Properties |
Guarantor |
|
Address of the Property with Survey No.,
Door No. etc. |
Share of 1/3 Land at Nelamangala 1.5 Acres Agricultural Land at Bijapur 26 Acres |
|
Description: Land/Site/Building |
Land |
|
Whether Free Hold/Lease Hold |
Freehold |
|
Type of Property: Commercial/Residential/Agricultural
|
Agricultural/Commercial |
|
Area/Extent of Land |
27.5 Acres |
|
Mortgaged For Availing Loan if any, Details
thereof |
No |
|
Present Market/Assessed Value |
Rs.43.950 Millions |
|
|
|
|
Investment in Business Capital |
|
|
Name of the Company/Firm/Concern in which
investment is made |
Krishi Consultants/Prahar Enterprises/Sai
Homeneeds/Krish Minerals/Somerwadi Sagas |
|
Present Value of Investment |
Rs.32.300 Millions |
|
|
|
|
Deposit Held with Banks/Companies/Other Lender, etc. |
|
|
Name of the Bank/company Where Deposits are
Held |
Corporation Bank/HDFC Bank, Karnataka Bank,
etc. |
|
Date of Deposits |
Rs.10.500 Millions |
|
Nature of Deposits |
Savings Bank |
|
Present Value of Deposits |
Rs.10.500 Millions |
|
|
|
|
Vehicles Owned |
|
|
Model/Make |
Nissan Xterra |
|
Date of Purchase |
2009 |
|
Whether Hypothecation For Loan |
-- |
|
Details of Loan Against Vehicle |
-- |
|
Present Market Value |
Rs.1.400 Millions |
|
|
|
|
Other Assets |
|
|
Furniture and Fixture |
Rs.0.500 Million |
|
Cash in Hand |
Rs.0.650 Million |
|
Jewellery |
Rs.3.200 Millions |
|
Total Value of Other Assets |
Rs.4.350 Millions |
|
|
|
|
Total Assets |
Rs.92.500 Millions |
|
|
|
|
Liabilities: |
|
|
Name of the Bank/Institution |
-- |
|
Nature/Type of Loan |
-- |
|
Date of Loan |
-- |
|
Amount of Loan Availed |
-- |
|
Amount Outstanding |
-- |
|
|
|
|
Total Liabilities |
-- |
|
|
|
|
NETWORTH [ASSETS
- LIABILITIES] |
Rs.92.500 Millions |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT OF
MR. ARUN KARJOL
(RS. IN MILLIONS)
|
PARTICULAR |
|
|
Immovable Properties |
Guarantor |
|
Address of the Property with Survey No.,
Door No. etc. |
50% of Office Building |
|
Description: Land/Site/Building |
50% of 30000 Sq. Ft. at Jakku |
|
Whether Free Hold/Lease Hold |
-- |
|
Type of Property:
Commercial/Residential/Agricultural |
-- |
|
Area/Extent of Land |
-- |
|
Mortgaged For Availing Loan if any, Details
thereof |
-- |
|
Present Market/Assessed Value |
Rs.87.500 Millions |
|
|
|
|
Investment in Business Capital |
|
|
Name of the Company/Firm/Concern in which
investment is made |
Kyathi Climate |
|
Present Value of Investment |
Rs.1.500 Millions |
|
|
|
|
Other Assets |
|
|
Furniture and Fixture |
Rs.0.300 Million |
|
Cash in Hand |
Rs.2.900 Millions |
|
Jewellery |
Rs.1.400 Millions |
|
Total Value of Other Assets |
Rs.4.600 Millions |
|
|
|
|
Total Assets |
Rs.93.600 Millions |
|
|
|
|
Liabilities: |
|
|
Name of the Bank/Institution |
-- |
|
Nature/Type of Loan |
-- |
|
Date of Loan |
-- |
|
Amount of Loan Availed |
-- |
|
Amount Outstanding |
-- |
|
|
|
|
Total Liabilities |
-- |
|
|
|
|
NETWORTH [ASSETS
- LIABILITIES] |
Rs.93.600 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULAR |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
CAPITAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Partners Capital |
107.500 |
107.500 |
107.500 |
107.500 |
107.500 |
107.500 |
107.500 |
|
|
|
|
|
|
|
|
|
|
Reserves and Surplus |
(1.900) |
8.200 |
27.400 |
60.900 |
110.500 |
178.300 |
265.700 |
|
|
|
|
|
|
|
|
|
|
Non-Current Liabilities |
|
|
|
|
|
|
|
|
Term Loan |
137.300 |
122.400 |
105.000 |
84.600 |
60.700 |
32.700 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Current Liabilities |
7.500 |
8.200 |
9.100 |
10.300 |
11.800 |
13.400 |
15.300 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
250.400 |
246.300 |
249.000 |
263.300 |
290.500 |
331.900 |
388.500 |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
|
Fixed Assets |
178.500 |
151.700 |
128.900 |
109.600 |
93.200 |
79.200 |
67.300 |
|
Other Fixed Assets |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
39.100 |
58.400 |
80.300 |
98.000 |
133.800 |
180.200 |
238.400 |
|
Trade Receivables |
29.900 |
32.900 |
36.200 |
51.600 |
58.800 |
67.100 |
76.600 |
|
Earnest Money Deposit |
2.800 |
3.200 |
3.500 |
4.000 |
4.600 |
5.300 |
6.100 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
250.400 |
246.300 |
249.000 |
263.300 |
290.500 |
331.900 |
388.500 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY STATEMENT
(RS. IN MILLIONS)
|
PARTICULAR |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
Direct Income |
|
|
|
|
|
|
|
|
Gross Receipts |
119.500 |
131.500 |
144.700 |
166.400 |
191.400 |
220.100 |
253.100 |
|
Charter Flying |
30.000 |
33.000 |
36.300 |
39.900 |
43.900 |
48.300 |
53.100 |
|
Total Income |
149.500 |
164.500 |
181.000 |
206.300 |
235.300 |
268.400 |
306.200 |
|
|
|
|
|
|
|
|
|
|
Operational Cost |
|
|
|
|
|
|
|
|
Research Equipment Lease |
12.000 |
12.000 |
12.000 |
12.600 |
12.600 |
12.600 |
12.600 |
|
Mobilization Charges |
1.100 |
1.200 |
1.400 |
1.600 |
1.800 |
2.000 |
2.300 |
|
Demobilization Charges |
9.000 |
0.900 |
1.000 |
1.200 |
1.300 |
1.500 |
1.700 |
|
Charges For Pilots |
15.400 |
17.200 |
19.300 |
21.600 |
24.200 |
27.100 |
30.400 |
|
Charges For Instruments Engineer |
7.700 |
8.500 |
9.400 |
10.300 |
11.300 |
12.400 |
13.600 |
|
Charges For Aircraft Engineer |
7.700 |
8.500 |
9.400 |
10.300 |
11.300 |
12.400 |
13.600 |
|
Fuel, Hanger Other Incidental Charges |
10.000 |
11.000 |
12.100 |
13.300 |
14.600 |
16.100 |
17.700 |
|
Aircraft Maintenance |
0.000 |
10.000 |
11.000 |
12.100 |
13.300 |
14.600 |
16.100 |
|
TOTAL |
62.900 |
69.300 |
75.600 |
83.000 |
90.400 |
98.700 |
108.000 |
|
|
|
|
|
|
|
|
|
|
Operation Profit |
86.600 |
95.200 |
105.400 |
123.300 |
144.900 |
169.700 |
198.200 |
|
|
|
|
|
|
|
|
|
|
Administrative Cost |
|
|
|
|
|
|
|
|
Remuneration to Partners |
1.000 |
1.100 |
1.200 |
1.300 |
1.400 |
1.500 |
1.600 |
|
Insurance Premium |
4.800 |
4.400 |
4.000 |
3.600 |
3.200 |
2.800 |
2.400 |
|
Salary to Staff |
15.000 |
16.500 |
18.100 |
20.600 |
23.500 |
26.800 |
30.600 |
|
Printing and Stationery |
0.200 |
0.200 |
0.200 |
0.300 |
0.300 |
0.300 |
0.400 |
|
Bank Charges |
0.100 |
0.100 |
0.200 |
0.200 |
0.300 |
0.300 |
0.400 |
|
Office Maintenance |
7.500 |
7.100 |
9.100 |
10.300 |
11.800 |
13.400 |
15.900 |
|
Travelling and Conveyance |
2.600 |
3.300 |
3.200 |
3.600 |
4.100 |
4.700 |
5.900 |
|
Telephone Charges |
0.600 |
0.600 |
0.900 |
1.000 |
1.300 |
1.400 |
1.400 |
|
TOTAL |
31.800 |
33.300 |
36.900 |
40.900 |
45.900 |
51.200 |
58.600 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
31.500 |
26.800 |
22.800 |
19.300 |
16.400 |
14.000 |
11.900 |
|
|
|
|
|
|
|
|
|
|
EBIT |
23.300 |
35.100 |
45.700 |
63.100 |
82.600 |
104.500 |
127.700 |
|
|
|
|
|
|
|
|
|
|
Less: Interest -
Interest on Term Loan |
22.900 |
20.700 |
18.200 |
15.200 |
11.700 |
7.600 |
2.900 |
|
|
|
|
|
|
|
|
|
|
PBT |
0.400 |
14.400 |
27.500 |
49.700 |
70.900 |
96.900 |
124.800 |
|
|
|
|
|
|
|
|
|
|
Less: Tax @ 30% |
0.100 |
4.300 |
8.300 |
14.400 |
21.300 |
29.100 |
37.400 |
|
|
|
|
|
|
|
|
|
|
PAT |
0.300 |
10.100 |
19.200 |
33.500 |
49.600 |
67.800 |
87.400 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULAR |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
SOURCE OF FUNDS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBIT |
23.300 |
35.100 |
45.700 |
63.100 |
82.600 |
104.500 |
127.700 |
|
Depreciation |
31.500 |
26.800 |
22.800 |
19.300 |
16.400 |
14.000 |
11.900 |
|
|
|
|
|
|
|
|
|
|
Promoters Capital |
100.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Secured Term Loan |
150.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Liabilities |
7.500 |
0.700 |
0.900 |
1.200 |
1.500 |
1.600 |
1.900 |
|
|
|
|
|
|
|
|
|
|
TOTAL CASH INFLOW |
312.300 |
62.600 |
69.400 |
83.600 |
100.500 |
120.100 |
141.500 |
|
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
Project Capital Expenditure |
210.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Vehicle and Furniture |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
|
|
|
Secured Term Loans [Principle] |
12.700 |
14.900 |
17.400 |
20.400 |
23.900 |
28.000 |
32.700 |
|
Increase in Trade Receivables |
29.900 |
3.000 |
3.300 |
15.400 |
7.200 |
8.300 |
9.500 |
|
Increase in EMD |
2.800 |
0.400 |
0.300 |
0.500 |
0.600 |
0.700 |
0.800 |
|
Interest Repayment |
|
|
|
|
|
|
|
|
-
Interest on Term Loan |
22.900 |
20.700 |
18.200 |
15.200 |
11.700 |
7.600 |
2.900 |
|
-
Taxation |
0.100 |
4.300 |
8.300 |
14.400 |
21.300 |
29.100 |
37.400 |
|
|
|
|
|
|
|
|
|
|
TOTAL CASH OUTFLOW |
278.400 |
43.300 |
47.500 |
65.900 |
64.700 |
73.700 |
83.300 |
|
|
|
|
|
|
|
|
|
|
Opening Cash Balance |
5.200 |
39.100 |
58.400 |
80.300 |
98.000 |
133.800 |
180.200 |
|
Accrual/Deficit |
33.900 |
19.300 |
21.900 |
17.700 |
35.800 |
46.400 |
58.200 |
|
Closing Cash Balance |
39.100 |
58.400 |
80.300 |
98.000 |
133.800 |
180.200 |
238.400 |
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.58.84 |
|
|
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--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.