MIRA
INFORM REPORT
|
Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAPLE TEXSOURCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
92, New Cloth Market, O/S. |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
26.02.2014 |
|
|
|
|
Com. Reg. No.: |
04-078920 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120GJ2014PTC078920 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM13309C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCM1120F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Grey Fabrics. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is a new company incorporated during 25th February,
2014 and it is establishing itself gradually. Mr. Gopesh Shah, Chartered Accountant has provided us with few general
information and he also confirmed that the subject has started its business
activity since its inception. However, trade relation is improving. Business is active. Payment
terms are reported to be unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Gopesh Shah |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9825844995 |
|
Date : |
30.09.2014 |
LOCATIONS
|
Registered Office : |
92, New Cloth Market, O/S. Raipur Gate, Ahmedabad – 380002, Gujarat,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825844995 [Mr. Gopesh Shah] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 21.02.2014
|
Name : |
Mr. Kinnar Kantilal Shah |
|
Designation : |
Director |
|
Address : |
302, Rajvi Flats, 30 Mahalaxmi Society, Paldi, Ahmedabad - 380007,
Gujarat, India |
|
Date of Birth/Age : |
27.02.1969 |
|
Qualification : |
Chartered Accountant |
|
Experience : |
20 Years |
|
Date of Appointment : |
26.02.2014 |
|
DIN No.: |
06813024 |
|
|
|
|
Name : |
Mrs. Jigna Kinnarkumar Shah |
|
Designation : |
Director |
|
Address : |
302, Rajvi Flats, 30 Mahalaxmi Society, Paldi, Ahmedabad - 380007,
Gujarat, India |
|
Date of Birth/Age : |
13.11.1972 |
|
Qualification : |
B. Com |
|
Experience : |
15 Years |
|
Date of Appointment : |
26.02.2014 |
|
DIN No.: |
06809013 |
KEY EXECUTIVES
|
Name : |
Mr. Gopesh Shah |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.02.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kinnar Kantilal Shah |
50000 |
50.00 |
|
Jigna Kinnarkumar Shah |
50000 |
50.00 |
|
|
|
|
|
Total |
100000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Grey Fabrics. |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· Kotak Mahindra Bank Limited Ahmedabad, Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Related Parties : |
· Maple International 302, Rajvi Flats, 30 Mahalaxmi Society, Paldi, Ahmedabad - 380007,
Gujarat, India · Raj International 302, Rajvi Flats, 30 Mahalaxmi Society, Paldi, Ahmedabad - 380007,
Gujarat, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
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 last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR. NO |
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
|
1 |
|
GROSS INCOME |
|
|
|
|
|
|
|
|
|
Sales [Net of returns] |
|
|
|
|
|
|
|
|
|
a) Domestic Sales |
400.000 |
440.000 |
484.000 |
532.400 |
585.640 |
644.204 |
|
|
|
b) Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
Total |
400.000 |
440.000 |
484.000 |
532.400 |
585.640 |
644.204 |
|
2 |
|
Less: Excise Duty |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
3 |
|
Net Sales [1-2] |
400.000 |
440.000 |
484.000 |
532.400 |
585.640 |
644.204 |
|
|
|
|
|
|
|
|
|
|
|
4 |
|
%age rise (+) or fall (-) in net sales as compared to previous year |
-- |
10% |
10% |
10% |
10% |
10% |
|
|
|
|
|
|
|
|
|
|
|
5 |
|
COST OF SALES |
|
|
|
|
|
|
|
|
i.) |
Raw materials (including stores and other items used in the process of
manufacture) |
|
|
|
|
|
|
|
|
|
(a) Imported |
381.400 |
419.540 |
461.494 |
507.643 |
558.408 |
614.249 |
|
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
ii) |
Other spares |
|
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
iii) |
Power and fuel |
0.400 |
0.440 |
0.484 |
0.532 |
0.586 |
0.644 |
|
|
|
|
|
|
|
|
|
|
|
|
iv) |
Direct Labour (Factory wages and salary) |
0.280 |
0.308 |
0.339 |
0.373 |
0.410 |
0.451 |
|
|
|
|
|
|
|
|
|
|
|
|
v) |
Other Manufacturing Expenses |
4.000 |
4.400 |
4.840 |
5.324 |
5.856 |
6.442 |
|
|
|
|
|
|
|
|
|
|
|
|
vi) |
Depreciation |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
vii) |
SUB TOTAL (I TO
VI) |
386.080 |
424.688 |
467.157 |
513.872 |
565.260 |
621.786 |
|
|
|
|
|
|
|
|
|
|
|
|
viii) |
Add: Opening stocks-in-Process) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
Sub-total |
386.080 |
424.688 |
467.157 |
513.872 |
565.260 |
621.786 |
|
|
|
|
|
|
|
|
|
|
|
|
ix) |
Deduct : Closing
stocks-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
x) |
Cost of
Production |
386.080 |
424.688 |
467.157 |
513.872 |
565.260 |
621.786 |
|
|
|
|
|
|
|
|
|
|
|
|
xi) |
Add : Opening stock of finished goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
SUB-TOTAL |
386.080 |
424.688 |
467.157 |
513.872 |
565.260 |
621.786 |
|
|
|
|
|
|
|
|
|
|
|
|
xii) |
Deduct: Closing stock of finished goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
xiii) |
SUB-TOTAL (Total cost of Sales) |
386.080 |
424.688 |
467.157 |
513.872 |
565.260 |
621.786 |
|
|
|
|
|
|
|
|
|
|
|
6 |
|
Selling, General and Administrative Expenses |
0.400 |
0.440 |
0.484 |
0.532 |
0.586 |
0.644 |
|
|
|
|
|
|
|
|
|
|
|
7 |
|
Sub-total [5+6] |
386.480 |
425.128 |
467.641 |
514.404 |
565.846 |
622.430 |
|
|
|
|
|
|
|
|
|
|
|
8 |
|
Operating Profit before Interest and Depreciation |
13.520 |
14.872 |
16.359 |
17.996 |
19.794 |
21.774 |
|
|
|
|
|
|
|
|
|
|
|
9 |
|
Interest |
7.000 |
7.420 |
7.700 |
7.980 |
8.400 |
8.820 |
|
|
|
|
|
|
|
|
|
|
|
10 |
|
Operating profit after interest |
6.520 |
7.452 |
8.659 |
10.016 |
11.394 |
12.954 |
|
|
|
|
|
|
|
|
|
|
|
11 |
(i) |
Add: Other non-operating income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub-total [Income] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Deduct: Other non-operating expense |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
Sub-total (expenses) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Net of other non-operating incomes/ expenses (net of 11(i) and 11(ii)) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
9 |
|
Profit before tax/loss (10+11(iii)) |
6.520 |
7.452 |
8.659 |
10.016 |
11.394 |
12.954 |
|
|
|
|
|
|
|
|
|
|
|
10 |
|
Provision for Taxes |
2.015 |
2.303 |
2.676 |
3.095 |
3.521 |
4.003 |
|
|
|
|
|
|
|
|
|
|
|
11 |
|
Net Profit /
(Loss) |
4.505 |
5.149 |
5.983 |
6.921 |
7.873 |
8.951 |
|
|
|
|
|
|
|
|
|
|
|
12 |
|
(i) Equity dividend paid |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
(ii) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
13 |
|
Retained Profit |
4.505 |
5.149 |
5.983 |
6.921 |
7.873 |
8.951 |
|
|
|
|
|
|
|
|
|
|
|
14 |
|
Retained Profit / Net Profit (%) |
100% |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO |
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
1 |
Short
term borrowings from bank (incl. Bills purchased, discounted and excess
borrowings placed on repayment basis) |
|
|
|
|
|
|
|
|
(i)
From applicant bank |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
(ii)
From other banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iii)
(of which BP and BD) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Sub Total (A) |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
|
|
|
|
|
|
|
|
2 |
Short
term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Sundry
Creditors (Trade) |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
|
|
|
|
|
|
|
|
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 and Provisions (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (B) |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
|
|
|
|
|
|
|
|
10 |
Total Current Liabilities [total of 1 to 9] |
70.818 |
74.152 |
78.267 |
82.594 |
88.153 |
93.968 |
|
|
|
|
|
|
|
|
|
|
|
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 |
Deferred
Payment Credits (excl. instalments due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15 |
Term
deposits (excluding payable within one year) |
15.810 |
15.810 |
15.810 |
15.810 |
15.810 |
15.810 |
|
|
|
|
|
|
|
|
|
|
16 |
Other
term liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
17 |
Total Term Liabilities (Total of 11 to 16) |
15.810 |
15.810 |
15.810 |
15.810 |
15.810 |
15.810 |
|
|
|
|
|
|
|
|
|
|
18 |
Total Outside Liabilities [10+17] |
86.628 |
89.962 |
94.077 |
98.404 |
103.963 |
109.778 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
Ordinary
Share Capital |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
|
|
Loan
from Shareholders |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
|
20 |
General
Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
21 |
Revaluation
reserves |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
22 |
Other
reserves (excluding provisions) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
23 |
Surplus
(+) or deficit (-) in Profit & Loss Account |
4.505 |
9.654 |
15.637 |
22.558 |
30.431 |
39.382 |
|
|
|
|
|
|
|
|
|
|
24 |
Net
worth |
24.505 |
29.654 |
35.637 |
42.558 |
50.431 |
59.382 |
|
|
|
|
|
|
|
|
|
|
25 |
TOTAL
LIABILITIES [18+24] |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 |
Cash
and Bank balances |
4.505 |
2.825 |
1.744 |
0.694 |
0.600 |
0.487 |
|
|
|
|
|
|
|
|
|
|
27 |
Investment
[Other than long-term investments] |
|
|
|
|
|
|
|
|
(i)
Government and Other Trust Securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii)
Fixed Deposits with Banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
28 |
(i)
Receivables other than deferred and exports [including bills purchased and
discounted by banks] |
66.667 |
73.333 |
80.667 |
88.733 |
97.607 |
107.367 |
|
|
|
|
|
|
|
|
|
|
|
(ii)
Export receivables [Including bills purchased/ discounted by banks] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
29 |
Instalments
of deferred receivable [due within one year] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
30 |
Inventory
|
|
|
|
|
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
|
|
|
|
|
(a)
Imported |
34.962 |
38.458 |
42.304 |
46.534 |
51.187 |
56.306 |
|
|
(b)
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iii)
Finished Goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iv)
Other consumable stores |
|
|
|
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b)
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
31 |
Advance
to suppliers of Raw materials and stores/spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
32 |
Advance
payment of taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33 |
Other
current assets [specify major items] |
|
|
|
|
|
|
|
|
Prepaid
Expenses |
(0.001) |
-- |
(0.001) |
0.001 |
-- |
-- |
|
|
Margin
Money for LC |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
34 |
Total Current Asset [Total 26 to 33] |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35 |
Gross
Block (land and building machinery vehicles work-in-progress) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
36 |
Depreciation
to date |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
37 |
NET BLOCK (35-36) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 and contractors |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
iii.
Deferred receivables (maturity exceeding one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
iv.
Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
39 |
Non-Consumable
Stores and Spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
40 |
Other
non-current assets (incl. Dues from director) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
41 |
Total other non-current assets (Total of 38
to 41) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
42 |
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL
ASSETS (Total of 34, 37, 41 and 42) |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
|
|
|
|
|
|
|
|
44 |
Tangible net worth (24-42) |
24.505 |
29.654 |
35.637 |
42.558 |
50.431 |
59.382 |
|
|
|
|
|
|
|
|
|
|
45 |
Net working Capital to Tally with (34-10) |
40.315 |
45.464 |
51.447 |
58.368 |
66.241 |
75.192 |
|
|
|
|
|
|
|
|
|
|
46 |
Current
Ratio |
1.57 |
1.61 |
1.66 |
1.71 |
1.75 |
1.80 |
|
|
|
|
|
|
|
|
|
|
47 |
Total outside liabilities / Net worth (18/44) |
3.54 |
3.03 |
2.64 |
2.31 |
2.06 |
1.85 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
SR. NO |
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
1 |
SOURCES |
|
|
|
|
|
|
|
a. |
Net Profit (After Tax) |
4.505 |
5.149 |
5.983 |
6.921 |
7.873 |
8.951 |
|
|
|
|
|
|
|
|
|
|
b. |
Depreciation |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c |
Increase in Capital |
20.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
d. |
Increase in Term Liabilities [including Public Deposits] |
15.810 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
e. |
Decrease in |
|
|
|
|
|
|
|
|
i.) Fixed Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
ii.) Other Non-Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
f. |
Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
40.315 |
5.149 |
5.983 |
6.921 |
7.873 |
8.951 |
|
|
|
|
|
|
|
|
|
|
2 |
USES |
|
|
|
|
|
|
|
a. |
Net Loss |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b. |
Decrease in Term Liabilities [including Public Deposit] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c. |
Increase in |
|
|
|
|
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
ii) Other Non-current assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
d. |
Dividend Payment |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
e |
Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Long Term Surplus/Deficit [1-2] |
40.315 |
5.149 |
5.983 |
6.921 |
7.873 |
8.951 |
|
|
|
|
|
|
|
|
|
|
4 |
Increase/ Decrease in Current Assets |
111.133 |
8.483 |
10.098 |
11.248 |
13.432 |
14.766 |
|
|
|
|
|
|
|
|
|
|
5 |
Increase/ Decrease in Current liabilities other than Bank Borrowings |
20.818 |
0.334 |
2.115 |
2.327 |
2.559 |
2.815 |
|
|
|
|
|
|
|
|
|
|
6 |
Increase/ Decrease in Working Capital Gap |
90.315 |
8.149 |
7.983 |
8.921 |
10.873 |
11.951 |
|
|
|
|
|
|
|
|
|
|
7 |
Net Surplus (+) Deficit (-) [difference of 3 and 6] |
(50.000) |
(3.000) |
(2.000) |
(2.000) |
(3.000) |
(3.000) |
|
|
|
|
|
|
|
|
|
|
8 |
Increase/ Decrease in Bank Borrowings |
50.000 |
3.000 |
2.000 |
2.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
|
|
|
Increase/ Decrease in Net Sales |
400.000 |
40.000 |
44.000 |
48.400 |
53.240 |
58.564 |
|
|
|
|
|
|
|
|
|
|
|
* Break of 4
above |
|
|
|
|
|
|
|
i) |
Increase/ Decrease in Raw Material |
34.962 |
3.496 |
3.846 |
4.230 |
4.653 |
5.119 |
|
ii) |
Increase/ Decrease in stock in process |
-- |
-- |
-- |
-- |
-- |
-- |
|
iii) |
Increase/ Decrease in finished goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
iv) |
Increase/ Decrease in receivables |
|
|
|
|
|
|
|
|
Domestic |
66.667 |
6.666 |
7.334 |
8.066 |
8.874 |
9.760 |
|
|
Exports |
-- |
-- |
-- |
-- |
-- |
-- |
|
v) |
Increase/ Decrease in stores and spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
vi) |
Increase/ Decrease in other current assets |
9.504 |
(1.679) |
(1.082) |
(1.048) |
(0.095) |
(0.113) |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS AND
CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO |
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
A. |
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Raw Materials (including stores and other items used in the process of
mfg.) |
|
|
|
|
|
|
|
|
a). Imported |
34.962 |
38.458 |
42.304 |
46.534 |
51.187 |
56.306 |
|
|
Months consumption |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
|
b). Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Months consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
2 |
Other consumables Spares excluding those included |
|
|
|
|
|
|
|
|
a). Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Months consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
b). Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Months consumption |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Stocks in process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Months cost of production |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
4 |
Finished Goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Months cost of sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Receivables other than export and deferred receivables (including
Bills purchased and discounted by bankers) |
66.667 |
73.333 |
80.667 |
88.733 |
97.607 |
107.367 |
|
|
(Month's Domestic Sales) excluding deferred payment sales |
2 |
2 |
2 |
2 |
2 |
2 |
|
|
|
|
|
|
|
|
|
|
6 |
Export Receivables (Including bills purchased and discounted) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
[Months Export Sales] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7 |
Advances to Suppliers of Raw Materials and Stores/ Spares Consumables |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Other current Assets (Including cash and bank balance deferred
receivables due within one year (specify major items) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Cash
and Bank balances |
4.505 |
2.825 |
1.744 |
0.694 |
0.600 |
0.487 |
|
|
|
|
|
|
|
|
|
|
|
Investment
[Other than long-term investments] |
|
|
|
|
|
|
|
|
(i)
Government and Other Trust Securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii)
Fixed Deposits with Banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Instalments
of deferred receivable [due within one year] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Receivables
[due within one year] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Advance
payment of taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Other
Current Assets [Specify major items] |
|
|
|
|
|
|
|
|
Prepaid
Expenses |
(0.001) |
-- |
(0.001) |
0.001 |
-- |
-- |
|
|
Margin
Money for LC |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
9 |
TOTAL CURRENT ASSETS |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
(To agree with item 34 in form III) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 |
Creditors for Purchase of raw materials, stores and consumable spares |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
(Month's Purchase) |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
|
|
|
|
|
|
|
|
|
11 |
Advance payments from customers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Statutory Liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
Other Current Liabilities (specify major items) Short term borrowings,
unsecured loans, dividend payable, inst. of LT, DPG, public deposits,
debentures, etc. |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
14 |
TOTAL |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
(To agree with sub-total) |
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
[ACCORDING TO FIRST METHOD OF LENDING]
(RS. IN MILLIONS)
|
SR. NO |
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
1 |
Total Current Assets (9 in form IV) |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
|
|
|
|
|
|
|
|
2 |
Current Liabilities |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
(Other than bank borrowings) (14 of form IV) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
90.315 |
98.464 |
106.447 |
115.368 |
126.241 |
138.192 |
|
|
|
|
|
|
|
|
|
|
4 |
Minimum Stipulated Net Working capital i.e. 25% of WCG/ 25% of total
current assets as the case may be depending upon the method of lending being applied
(Export receivables to be excluded under both method) Method of lending (I or
II) |
22.579 |
24.616 |
26.612 |
28.842 |
31.560 |
34.548 |
|
|
|
|
|
|
|
|
|
|
5 |
Actual /Projected net working Capital (45 in form III) |
40.315 |
45.464 |
51.447 |
58.368 |
66.241 |
75.192 |
|
|
|
|
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
67.736 |
73.848 |
79.835 |
86.526 |
94.681 |
103.644 |
|
|
|
|
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
|
|
|
|
|
|
|
|
8 |
Maximum Permissible Bank Finance (item 6 or 7, whichever is lower) |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings, if any, representing shortfall in NWC (4-5) |
-- |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
[ACCORDING TO SECOND METHOD OF LENDING]
(RS. IN MILLIONS)
|
SR. NO |
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
|
|
|
|
|
|
|
|
|
|
1 |
Total Current Assets (9 in form IV) |
111.133 |
119.616 |
129.714 |
140.962 |
154.394 |
169.160 |
|
|
|
|
|
|
|
|
|
|
2 |
Current Liabilities |
20.818 |
21.152 |
23.267 |
25.594 |
28.153 |
30.968 |
|
|
(Other than bank borrowings) (14 of form IV) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
90.315 |
98.464 |
106.447 |
115.368 |
126.241 |
138.192 |
|
|
|
|
|
|
|
|
|
|
4 |
Minimum Stipulated Net Working capital i.e. 25% of WCG/ 25% of total current
assets as the case may be depending upon the method of lending being applied
(Export receivables to be excluded under both method) Method of lending (I or
II) |
27.783 |
29.904 |
32.429 |
35.241 |
38.599 |
42.290 |
|
|
|
|
|
|
|
|
|
|
5 |
Actual /Projected net working Capital (45 in form III) |
40.315 |
45.464 |
51.447 |
58.368 |
66.241 |
75.192 |
|
|
|
|
|
|
|
|
|
|
6 |
Item 3 minus item 4 |
62.532 |
68.560 |
74.019 |
80.128 |
87.643 |
95.902 |
|
|
|
|
|
|
|
|
|
|
7 |
Item 3 minus item 5 |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
|
|
|
|
|
|
|
|
8 |
Maximum Permissible Bank Finance (item 6 or 7, whichever is lower) |
50.000 |
53.000 |
55.000 |
57.000 |
60.000 |
63.000 |
|
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings, if any, representing shortfall in NWC (4-5) |
-- |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. KINNAR K. SHAH
(RS. IN MILLIONS)
|
SR. NO. |
PROPERTY/ ASSETS DETAILS |
31.03.2014 |
|
|
|
|
|
1 |
Bank Balance |
0.024 |
|
|
|
|
|
2 |
Commercial Property at 92, New Cloth Market, Ahmedabad [1/2 Share] |
28.688 |
|
|
|
|
|
3 |
Residential property at S-45, K.P. Villa, Gokuldham, Sanand Road,
Ahmedabad [1/2 Share] |
6.250 |
|
|
|
|
|
4 |
Fixed Deposit |
5.000 |
|
|
|
|
|
5 |
PPF [Factual Value] |
0.575 |
|
|
|
|
|
6 |
Car |
0.700 |
|
|
|
|
|
7 |
Jewellery |
1.500 |
|
|
|
|
|
8 |
Capital invested in business |
6.229 |
|
|
|
|
|
9 |
LESS: |
|
|
|
Personal Borrowings |
1.500 |
|
|
|
|
|
|
Car Loan |
0.130 |
|
|
|
|
|
|
Housing Loan [1/2 of Rs. 3.500 Million] |
1.750 |
|
|
|
|
|
|
TOTAL |
45.586 |
|
NETWORTH OF MR. KINNAR K. SHAH |
RS. 45.586 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. JIGNA K. SHAH
(RS. IN MILLIONS)
|
SR. NO. |
PROPERTY/ ASSETS DETAILS |
31.03.2014 |
|
|
|
|
|
1 |
Bank Balance |
0.023 |
|
|
|
|
|
2 |
Commercial Property at 92, New Cloth Market, Ahmedabad [1/2 Share] |
28.688 |
|
|
|
|
|
3 |
Residential property at S-45, K.P. Villa, Gokuldham, Sanand Road,
Ahmedabad [1/2 Share] |
6.250 |
|
|
|
|
|
4 |
Fixed Deposit |
2.500 |
|
|
|
|
|
5 |
PPF [Factual Value] |
0.100 |
|
|
|
|
|
6 |
Car |
0.300 |
|
|
|
|
|
7 |
Jewellery |
1.500 |
|
|
|
|
|
8 |
Capital invested in business |
2.884 |
|
|
|
|
|
9 |
LESS: |
|
|
|
Personal Borrowings |
1.000 |
|
|
|
|
|
|
Car Loan |
0.395 |
|
|
|
|
|
|
Housing Loan [1/2 of Rs. 3.500 Million] |
1.750 |
|
|
|
|
|
|
TOTAL |
39.100 |
|
NETWORTH OF MRS. JIGNA K. SHAH |
RS. 39.100 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL
DETAILS)
|
Purpose for which valuation is made |
To arrive at fair market value for financial
assistance from the bank. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date as on which valuation is made |
27.06.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name of the Owner |
1)
Kinnarkumar Kantilal Shah 2)
Jignaben Kinnarkumar Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
It the property is under Joint Ownership |
Joint |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Brief description of the property |
Commercial Premises |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Location, Street, Ward No. |
Shop No. 92, New Cloth Market, The Ahmedabad
Maskati Cloth Dealers Cooperative Shops and Warehouses Society Limited,
T.P.S. No. 18, F.P. No. 16p, Mouje Shaher Kotda, Sub District Ahmedabad – 7
[Odhav], District Ahmedabad |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Survey/Plot No. of Land |
Shop No. 92 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is the property situation in area? |
Commercial Area |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Classification of Locality |
Higher Middle Class Commercial Area |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Proximity to civic amenities |
All amenities within 10.0 Km. of Radius |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Means and proximity to surface communication
|
All Vehicles |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Land |
N.A. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Roads, Streets or Lanes on which the land is
abutting |
Near Kalupur Railway Station to Geeta Mandir
Road |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is it freehold or leasehold land |
See Latest Title Clear Certificate. For
ownership, any encumbrance and legal aspect refer search report from
advocate. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is there any restrictive covenant in regard
to use of land? |
For Commercial use only. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Does the landfall in and area included in
any Town Planning Scheme or any development plan of Government or any
statutory body? |
AMC |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Has any contribution been made towards
development or is demand for such contribution still outstanding? |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Has the whole or part of the land been
notified for acquisition by Government of any statutory body? |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Attach a dimensioned site plan improvements |
Yes |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Attach plans and elevations of all structures
standing on the land and a layout plan |
Owner will provide as and when required. The
construction is as per rules and regulation with similarity of neighboring
premises. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Furnish technical details of the building on
a separate sheet [The Annexure to this Form may be used] |
As per Technical details |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is the building owner-occupied/ tenanted /
both? |
Owner-Occupied |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
What is the F.S.I. permissible |
F.S.I. is according to prevailing by Laws. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name of tenants/lessees/ licenses etc. |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Are any of the occupants related to the
owners |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Has the tenant to bear the whole or part to
the cost of repairs and maintenance? Give particulars |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
What is the amount of property tax? Who is
to bear it? Give details with documentary proof |
For the year 2012-2013 Rs. 0.028 Million. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is the building insured? If so, give the
policy No. amount for which it is insured and the Annual premium |
No. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Is any dispute between landlord and tenant
regarding rent pending in a court of law? |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Has any standard rent been fixed for the
premises under any law relation to the control of rent? |
NA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Give instances of sales of immovable
property in the locality on a separate sheet. |
In absence of details market survey is
done. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Land rate adopted in this valuation |
Composite Rate Method adopted |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
If sales instances are not available or not
relied upon, the basis of arriving to the land rate |
Local inquiry |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Year of commencement of construction and
year of completion |
Old Construction. [Approximately in 1965].
Renovated with addition/ alteration recently. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
VALUATION The whole property which is to be valued
including land, is located on Shop No. 92, New Cloth Market, The Ahmedabad
Maskati Cloth Dealers Cooperative Shops and Warehouses Society Limited, T.P.S.
No. 18, F.P. No. 16p, Mouje Shaher Kotda, Sub District Ahmedabad – 7 [Odhav],
District Ahmedabad. The orientation of said property is as
under:
MARKET VALUE Looking to the shape, planning, location,
distance from the main road and sub-roads, material used in said property, fixed
furniture, exclusive interior decoration and all other factors, which affects
office value, I have considered the value [including land] as per the market
rates of materials used there in after deducting depreciation as on date is
as under.
A Valuation as per Market Rate: Market Value = Rs.57.375 Millions
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
TECHNICAL
DETAILS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No of floors and height of each floor |
Commercial Premises GF + MF + FF + SF with 3
Mt. Ht. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Plinth area floor wise |
G.F. 62.71 Sq. Mt. i.e. 675 Sq. ft. M.F. 62.71 Sq. Mt. i.e. 675 Sq. ft. F.F. 62.71 Sq. Mt. i.e. 675 Sq. ft. S.F. 62.71 Sq. Mt. i.e. 675 Sq. ft. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Year of Construction |
OLD Construction. [Approximately in 1965].
Renovated with addition/ alteration recently.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Estimated future life |
40 Years |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Type of construction |
Load bearing cum RCC Composite Structure |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Type of foundations |
Load bearing cum RCC type foundation |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Partitions |
Brick masonry |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Doors and Windows (Floor-Wise) |
Doors: Wooden Frame and Full Glazed doors. Windows: Aluminum Section |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Flooring (Floor-wise) |
GF: Italian Marble and Ceramic Tiles. Other floors: Vitrified tiles. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Finishing |
Both side plaster |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Roofing and Terracing |
RCC Slab |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Special Architectural or Decorative features |
Yes [With exclusive interior decoration and
fixed furniture]. |
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|
|
|
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|
Internal Wiring |
Good Quality Wiring |
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|
|
|
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|
Class of fitting |
Good Quality Fitting |
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|
|
|
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|
Sanitary Installations |
1-General Toilet on each floor. |
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|
|
|
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|
Compound Wall |
No. |
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|
|
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|
Overhead Tanks |
Sintex O.H. Tank |
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|
|
|
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|
Roads and Paving within the compound, approximate
area and type of paving |
Yes |
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|
|
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|
Sewage Disposal |
Gutter-Line. |
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------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
TRADE REFERENCES
· Balkrishna Textiles Private Limited
Swan
Energy Limited
Indal
Worldwide Private Limited
Gopi
Synthetics Private Limited
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 61.61 |
|
UK Pound |
1 |
Rs. 100.28 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.