|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEV FOOD |
|
|
|
|
Registered
Office : |
Untva Village, Taluka Kadi, District Mehsana - 382715, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
September 2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer of Chocolates. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern incorporated as on September 2014
and yet to establish itself gradually. Mr. Harshad Thakkar, Partner confirmed that the concern is yet to
commence with its commercial operation. Payment terms are unknown. The concern can be considered for business dealings on a fully 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. Harshadkumar Kantilal Thakkar |
|
Designation : |
Partner |
|
Contact No.: |
91-9825069008 |
|
Date : |
27.10.2014 |
LOCATIONS
|
Registered Office : |
Untva Village, Taluka Kadi, District Mehsana - 382715, Gujarat,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9723574777 (Mr. Parth Dilipbhai Prajapati) 91-9825069008 (Mr. Harshadkumar Kantilal Thakkar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
11585 Sq. Mt. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Harshadkumar Kantilal Thakkar |
|
Designation : |
Partner |
|
Date of Birth/Age : |
18.02.1962 |
|
Qualification : |
HSC |
|
PAN No.: |
AAOPT3834D |
|
|
|
|
Name : |
Mr. Parth Dilipbhai Prajapati |
|
Designation : |
Partner |
|
Date of Birth/Age : |
17.12.1992 |
|
Qualification : |
B. Com |
|
PAN No.: |
COUPP5762C |
|
Passport No.: |
H6587454 |
|
|
|
|
Name : |
Mr. Dilipbhai N. Prajapati |
|
Designation : |
Partner |
|
Date of Birth/Age : |
29.09.1969 |
|
Qualification : |
HSC |
|
PAN No.: |
AHYPP9457F |
|
Passport No.: |
H7120938 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chocolates. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Bank of India SME City Branch, Ahmedabad, Gujarat, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
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 |
No |
|
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 |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
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 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
|
Estimated |
Projection |
Projection |
Projection |
Projection |
projection |
|
|
|
|
|
|
|
|
|
|
1 |
Gross Sales |
|
|
|
|
|
|
|
|
a) Domestic Sales |
36.323 |
49.123 |
55.004 |
65.728 |
81.987 |
83.025 |
|
|
b) Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Total |
36.323 |
49.123 |
55.004 |
65.728 |
81.987 |
83.025 |
|
|
|
|
|
|
|
|
|
|
2 |
Less: Excise Duty |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Net Sales |
36.323 |
49.123 |
55.004 |
65.728 |
81.987 |
83.025 |
|
|
|
|
|
|
|
|
|
|
4 |
% age rise (+) or fall (-) in net sales as compared to previous year |
-- |
35.24 |
11.97 |
19.50 |
24.74 |
1.27 |
|
|
|
|
|
|
|
|
|
|
5 |
Cost of Sales |
|
|
|
|
|
|
|
|
i) Raw materials [including stores and other
items used in the process of manufacture] |
21.794 |
29.474 |
33.002 |
39.437 |
49.192 |
49.815 |
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Indigenous |
21.794 |
29.474 |
33.002 |
39.437 |
49.192 |
49.815 |
|
|
|
|
|
|
|
|
|
|
|
ii) Other spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
iii) Power and fuel |
1.816 |
2.456 |
2.750 |
3.286 |
4.099 |
4.151 |
|
|
|
|
|
|
|
|
|
|
|
iv) Direct labour [Wages and Salaries] |
1.300 |
1.500 |
2.000 |
2.200 |
2.500 |
2.500 |
|
|
|
|
|
|
|
|
|
|
|
v) Other manufacturing expenses |
2.724 |
3.684 |
4.125 |
4.930 |
6.149 |
6.227 |
|
|
|
|
|
|
|
|
|
|
|
vi) Depreciation |
3.550 |
3.550 |
3.550 |
3.550 |
3.550 |
3.550 |
|
|
|
|
|
|
|
|
|
|
|
vii) Sub-total
(i to vi) |
31.184 |
40.664 |
45.428 |
53.403 |
65.491 |
66.243 |
|
|
|
|
|
|
|
|
|
|
|
viii) Add: Opening stock in process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub-total |
31.184 |
40.664 |
45.428 |
53.403 |
65.491 |
66.243 |
|
|
|
|
|
|
|
|
|
|
|
ix) Deduct: Closing stock in process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
x) Cost of Production |
31.184 |
40.664 |
45.428 |
53.403 |
65.491 |
66.243 |
|
|
|
|
|
|
|
|
|
|
|
xi) Add: Opening stock of finished goods |
-- |
1.949 |
2.663 |
3.006 |
3.526 |
4.314 |
|
|
|
|
|
|
|
|
|
|
|
Sub-total |
31.184 |
42.613 |
48.091 |
56.409 |
69.016 |
70.557 |
|
|
|
|
|
|
|
|
|
|
|
xii) Deduct: Closing stock of finished goods |
1.949 |
2.663 |
3.006 |
3.526 |
4.314 |
4.410 |
|
|
|
|
|
|
|
|
|
|
|
Sub-total (Cost
of Sales) |
29.235 |
39.950 |
45.086 |
52.883 |
64.703 |
66.147 |
|
|
|
|
|
|
|
|
|
|
6 |
Selling, General and Administrative Expenses |
1.271 |
1.719 |
1.925 |
2.300 |
2.870 |
2.906 |
|
|
|
|
|
|
|
|
|
|
7 |
Sub-total [5+6] |
30.507 |
41.669 |
47.011 |
55.184 |
67.572 |
69.053 |
|
|
|
|
|
|
|
|
|
|
8 |
Operating Profit before Interest [3-7] |
5.817 |
7.454 |
7.993 |
10.545 |
14.415 |
13.972 |
|
|
|
|
|
|
|
|
|
|
9 |
Interest |
2.177 |
2.047 |
2.151 |
2.255 |
2.219 |
2.146 |
|
|
|
|
|
|
|
|
|
|
10 |
Operating Profit after Interest [8-9] |
3.640 |
5.407 |
5.842 |
8.290 |
12.196 |
11.826 |
|
|
|
|
|
|
|
|
|
|
11 |
(i) Add other
non-operating income |
|
|
|
|
|
|
|
|
a) Interest on FD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
b) Dividend |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
c) Exchange rate difference |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
d) Scrap sale and profit on sale of assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
e) Kasar Vatav |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
f) Income tax refund |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
g) Sundry balance written back |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
h) Misc. Income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
i) LD recovered |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
j) Bad debts recovered |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub-total
[Income] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii) Deduct
other non-operating expense |
|
|
|
|
|
|
|
|
a) P&P expenses written off |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
b) FX Loss |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
c) Director Remuneration |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub-total
[Expenses] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iii) Net of other non-operating incomes/ expenses (net of 11(i) and 11(ii)) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Profit before tax/loss (10+11(iii)) |
3.640 |
5.407 |
5.842 |
8.290 |
12.196 |
11.826 |
|
|
|
|
|
|
|
|
|
|
13 |
Provision for taxes |
0.990 |
1.935 |
2.332 |
3.321 |
4.741 |
4.715 |
|
|
|
|
|
|
|
|
|
|
14 |
Deferred tax liability |
0.216 |
(0.154) |
(0.413) |
(0.597) |
(0.731) |
(0.829) |
|
|
|
|
|
|
|
|
|
|
15 |
Net Profit /
(Loss) [12-13] |
2.435 |
3.626 |
3.923 |
5.566 |
8.186 |
7.940 |
|
|
|
|
|
|
|
|
|
|
16 |
(i) Equity dividend paid |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(ii) Dividend Rate |
-- |
0% |
0% |
0% |
0% |
0% |
|
|
|
|
|
|
|
|
|
|
17 |
Retained Profit
[14-15] |
2.435 |
3.626 |
3.923 |
5.566 |
8.186 |
7.940 |
|
|
|
|
|
|
|
|
|
|
18 |
Retained Profit / Net Profit (%age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
|
Estimated |
Projection |
Projection |
Projection |
Projection |
projection |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
1 |
Short
term borrowings from bank (including Bills purchased, discounted and excess
borrowings placed on repayment basis) |
|
|
|
|
|
|
|
|
(i)
From applicant bank |
4.500 |
5.500 |
8.500 |
11.500 |
13.500 |
15.000 |
|
|
(ii)
From other banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(iii)
of which EP and BD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (A) |
4.500 |
5.500 |
8.500 |
11.500 |
13.500 |
15.000 |
|
|
|
|
|
|
|
|
|
|
2 |
Short
term borrowings |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Sundry
Creditors - Trade |
0.289 |
0.649 |
0.249 |
0.332 |
0.415 |
0.415 |
|
|
|
|
|
|
|
|
|
|
4 |
Advance
payments from customers/ deposits from dealers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Provision
for Taxation |
0.990 |
1.935 |
2.332 |
3.321 |
4.741 |
4.715 |
|
|
|
|
|
|
|
|
|
|
6 |
Dividend
Payable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7 |
Other
statutory liabilities (due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Deposits/Instalments
of term loan/ DPGs/ Debentures etc. (due within one year) |
2.340 |
2.340 |
2.340 |
2.340 |
1.365 |
-- |
|
|
|
|
|
|
|
|
|
|
9 |
Other
current liabilities and Provisions (due
within one year) |
|
|
|
|
|
|
|
|
i) Creditors for capital goods |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
ii) Creditors for expenses |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
iii) Vehicle loan and others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub Total (B) |
3.619 |
4.924 |
4.922 |
5.993 |
6.521 |
5.130 |
|
|
|
|
|
|
|
|
|
|
10 |
TOTAL CURRENT LIABILITIES [total of 1 to 9] |
8.119 |
10.424 |
13.422 |
17.493 |
20.021 |
20.130 |
|
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11 |
Debentures
(not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Preference
Shares |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 |
Term
loans (excluding instalments payable within one year) |
8.385 |
6.045 |
3.705 |
1.365 |
0.000 |
-- |
|
|
|
|
|
|
|
|
|
|
14 |
Deferred
Payment Credits (excluding instalments due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15 |
Term
deposits/ Advances (repayable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
16 |
Unsecured Loan and other term liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
17 |
TOTAL TERM LIABILITIES (Total of 11 to 16) |
8.385 |
6.045 |
3.705 |
1.365 |
0.000 |
-- |
|
|
|
|
|
|
|
|
|
|
18 |
TOTAL OUTSIDE LIABILITIES [10+17] |
16.504 |
16.469 |
17.127 |
18.858 |
20.021 |
20.130 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
19 |
Ordinary share capital |
5.000 |
5.500 |
5.500 |
5.500 |
5.500 |
5.500 |
|
|
|
|
|
|
|
|
|
|
20 |
Quasi Equity [Unsecured Loan] |
14.275 |
14.310 |
14.310 |
14.310 |
14.310 |
14.310 |
|
|
|
|
|
|
|
|
|
|
21 |
Securities Premium |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
22 |
General Reserves |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
23 |
Other reserves [Share Premium / Warrants]
and Share Application Money |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
24 |
Deferred Tax |
0.216 |
0.062 |
(0.350) |
(0.948) |
(1.678) |
(2.507) |
|
|
|
|
|
|
|
|
|
|
25 |
Foreign Exchange Translation Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
26 |
Surplus [+] deficit [-] in Profit and Loss
Account |
2.435 |
6.060 |
9.983 |
15.549 |
23.734 |
31.674 |
|
|
|
|
|
|
|
|
|
|
27 |
NET WORTH |
21.925 |
25.933 |
29.443 |
34.411 |
41.866 |
48.977 |
|
|
|
|
|
|
|
|
|
|
28 |
TOTAL
LIABILITIES [18+27] |
38.430 |
42.401 |
46.569 |
53.269 |
61.887 |
69.107 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
29 |
Cash
and Bank balances |
2.201 |
3.862 |
7.500 |
13.147 |
19.852 |
30.228 |
|
|
|
|
|
|
|
|
|
|
30 |
Investments [other than long term
investments] |
|
|
|
|
|
|
|
|
i) Government and Other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
ii) Fixed Deposits with banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
i) Receivables other than deferred and non-exports [including bills
purchased and discounted by the banks] |
7.567 |
10.234 |
13.751 |
16.432 |
20.497 |
20.756 |
|
|
|
|
|
|
|
|
|
|
|
ii) Export receivables [including bills purchased
/ discounted by banks] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
31 |
Installments of deferred receivables [due
within one year] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
32 |
Inventory |
|
|
|
|
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b)
Indigenous |
1.362 |
1.842 |
2.063 |
2.465 |
3.075 |
3.113 |
|
|
|
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iii)
Finished Goods |
1.949 |
2.663 |
3.006 |
3.526 |
4.314 |
4.410 |
|
|
|
|
|
|
|
|
|
|
|
(iv)
Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33 |
Advance
to suppliers of Raw materials and stores/ spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
34 |
Advance
payment of taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
35 |
Other
current assets [Specify major items] |
3.000 |
5.000 |
5.000 |
6.000 |
6.000 |
6.000 |
|
|
i) Various Deposits |
2.500 |
3.500 |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
ii) Other [Misc. recov. and Loans to
parties] |
0.500 |
1.500 |
1.500 |
2.500 |
2.500 |
2.500 |
|
|
iii) Other [Preliminary and Pre-operative] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
36 |
TOTAL CURRENT ASSETS |
16.080 |
23.601 |
31.319 |
41.569 |
53.737 |
64.507 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37 |
Gross
Block (land and building, Machinery, work-in-progress) |
25.900 |
25.900 |
25.900 |
25.900 |
25.900 |
25.900 |
|
|
|
|
|
|
|
|
|
|
38 |
Depreciation
to date |
3.550 |
7.100 |
10.650 |
14.200 |
17.750 |
21.300 |
|
|
|
|
|
|
|
|
|
|
39 |
NET BLOCK (37-38) |
22.350 |
18.800 |
15.250 |
11.700 |
8.150 |
4.600 |
|
|
|
|
|
|
|
|
|
|
40 |
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 |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
41 |
Non
consumables stores and spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
42 |
Other
non-current assets (incl. Dues from director) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL OTHER NON-CURRENT ASSETS [Total 40 to 42] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
44 |
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
45 |
TOTAL
ASSETS (Total
of 34, 37, 41 and 42) |
38.430 |
42.401 |
46.569 |
53.269 |
61.887 |
69.107 |
|
|
|
|
|
|
|
|
|
|
46 |
TANGIBLE NET WORTH (24-42) |
21.925 |
25.933 |
29.443 |
34.411 |
41.866 |
48.977 |
|
|
|
|
|
|
|
|
|
|
47 |
NET WORKING CAPITAL [(17+24)-(37+41+42)] Totally with (34-10) |
7.960 |
13.178 |
17.898 |
24.076 |
33.716 |
44.377 |
|
|
|
|
|
|
|
|
|
|
48 |
Current Ratio [34/10] |
1.98 |
2.26 |
2.33 |
2.38 |
2.68 |
3.20 |
|
|
|
|
|
|
|
|
|
|
49 |
Total
Outside Liabilities / Net worth (18/44) |
0.75 |
0.64 |
0.58 |
0.55 |
0.48 |
0.41 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. DILIPBHAI N. PRAJAPATI
(RS. IN MILLIONS)
BANK
|
BANK |
BRANCH |
SB/ CD/ A/C NO. |
PRESENT BALANCE |
LAST 6 MONTHS AVG. BALANCE |
|
KNSB |
Kadi H.O. |
-- |
0.014 |
0.014 |
|
|
|
|
|
|
|
SBI |
Kadi (N.G.) |
33087364281 |
0.614 |
0.713 |
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
ASSETS |
OWN / JOINT NAME |
AREA |
FREE HOLD OR
LEASE HOLD |
LOCATION/ ADDRESS |
PRESENT VALUE |
|
Non Agri. Land |
|
|
|
|
|
|
i. Commercial |
-- |
-- |
-- |
-- |
-- |
|
ii. Residential |
Own |
1 |
Freehold |
Rajeshwari
Bungalow, Tal. Kadi, District Mehsana |
12.500 |
|
|
|
|
|
|
|
|
Flat / House |
Own |
190 Sq. Yards |
Leasehold |
|
|
|
|
|
|
|
|
|
|
Agri. Land |
Own |
2.6 Vega |
Freehold |
Andeshan, Taluka
Kadi, District Mehsana |
10.400 |
|
|
|
|
|
|
|
|
|
Own |
34.15 Vega |
Freehold |
Karan Nagar,
Taluka Kadi, District Mehsana |
85.300 |
|
|
|
|
|
|
|
|
Others |
Own Shop |
1 |
Freehold |
Shop No. 7,
Parshonath Complex, Taluka Kadi, District Mehsana |
1.500 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. HARSHADKUMAR KANTILAL THAKKAR
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
ASSETS |
OWN / JOINT NAME |
AREA |
FREE HOLD OR
LEASE HOLD |
LOCATION/ ADDRESS |
PRESENT VALUE |
|
Non Agri. Land |
|
|
|
|
|
|
i. Commercial |
Own |
1 |
Freehold |
14, Guj. Ginning
Mills Compound, Premdarvaja, Ahmedabad |
3.500 |
|
|
|
|
|
|
|
|
|
Own |
1 |
Freehold |
411, Chokha
Bazar, Kalupur, Ahmedabad |
5.000 |
|
|
|
|
|
|
|
|
|
Own |
1 |
Freehold |
14, Guj. Ginning
Mills Compound, Premdarvaja, Ahmedabad |
2.500 |
|
|
|
|
|
|
|
|
ii. Residential |
Own |
1 |
Freehold |
05-A, Regent
Park, Vanza Society, Bodakdev, Ahmedabad |
10.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of Valuation |
To ascertain the market value of the
property for security against loan purpose. |
|
|
|
|
Date of valuation |
30th September, 2014 |
|
|
|
|
Name of the Owner |
As per copy of Sale deed, the said piece of
land belongs to Mr. Dilipbhai N. Prajapati. |
|
|
|
|
It the property is under Joint Ownership/ Co
Ownership Share of each owner. Are the shares undivided? |
Not Applicable |
|
|
|
|
Brief description of the property |
The subject property as identified by Mr.
Dilipbhai N. Prajapati [owner of the subject Property] and Mr. Harshadbhai
Thakkar, is Non-Agricultural land with under construction civil structure. It
is located on Rajpur-Untva Road and near Saraswati Engineering College. It is
approachable through the land before “Kalapi Restaurant” on Kalol-Mehsana
Highway. It is situated at a distance of
approximately 6 kms from Kalol-Mehsana highway and 2.3 kms away from Untva
Chokdi [Nandasan-Kadi Road]. It is located in the vicinity of industrial
units such as Mahakali Industry, Mahalaxmi Industry, P.C. Cotton Industry
etc. At the time of inspection, only one Room
used as godown and having electric meter is completed. The Main Factory Shed
is under construction. The RCC slab work of said factory shed is yet to
commence. “M/s Dev Foods” is proposed to operate from the said premises. This
Valuation is, however, carried only for the Open Plot/ Land Area. |
|
|
|
|
Location, Street, Ward No. |
Revenue Survey No. 552/2 Paiki, Rajpur –
Untva Road, Village Untva, Taluka Kadi, District Mehsana. Latitude = 23019’36.45” N Longitude = 72022’34.70” E |
|
|
|
|
Survey/Plot No. of Land |
Revenue Survey No. 552/2 Paiki, Mouje:
Untva, Taluka Kadi, District Mehsana |
|
|
|
|
Is the property situated in the Residential/
Commercial/ Mixed Area/ Industrial Area |
Industrial Area |
|
|
|
|
Classification of Locality – High class/
Middle Class/ Poor class |
Middle Class |
|
|
|
|
Proximity to civic amenities like School,
Hospitals, cinema etc. |
At reachable distance |
|
|
|
|
Means and proximity to surface communication
by which the locality is served |
By Private vehicles and Public Transport |
|
|
|
|
LAND DETAILS |
|
|
Area of land supported by documentary proof,
shape, dimensions and physical features |
Land Area: 11406 Sq. Mt. [As per copy of plan and permission letter] |
|
|
|
|
Roads, street or lanes on which the land is
abutting |
Abutting to Raipur – Untva Road Approximately 5-6 Kms from Kalol-Mehsana
Highway [In lane of Kalapi Restaurant] |
|
|
|
|
Is there any restrictive covenant in regard
to use of land? If so, attach a copy of the covenant |
Not Known |
|
|
|
|
Are there any agreements of easements? If
so, Attach copies |
Details are not available |
|
|
|
|
Does the land fall in an area included in
any Town Planning Plan of Government or any statutory body? If so, give
particular |
Revenue Survey No. 552/2 Paiki of Mouje
Untva |
|
|
|
|
Has any contribution been made towards development
or is any demand for such contribution still outstanding? |
Details are not available |
|
|
|
|
Has the whole or part of the land been
notified for acquisition by Government or statutory body? |
Details are not available |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner-occupied/ tenanted/
both |
Assumed to be owner-occupied |
|
|
|
|
What is the Floor Space Index permissible
and percentage actually utilized |
Valuation is carried out only for the Open
Plot/Land |
|
|
|
|
RENTS |
|
|
1) Names of tenants/ lessees/ licenses etc. 2) Portions in their occupation 3) Monthly or annual rent/ compensation/ license fee etc. paid by each. 4) Gross amount received for the whole property |
Not Applicable |
|
|
|
|
Are any of the occupants related to, or
close business associates of the owner? |
Not Applicable |
|
|
|
|
Is separate amount being recovered for the
use of fixtures, like fans, geysers, refrigerator, cooking ranges, built-in
wardrobes, etc. or for service charges? If so, give details |
Not Applicable |
|
|
|
|
Give details of water and electricity
charges, if any, to be borne by the owner. |
Not Applicable |
|
|
|
|
Has the tenant to bear the whole or part of
the cost of repairs and maintenance? Give particulars |
Not Applicable |
|
|
|
|
If a lift is installed, who is to bear the
cost of maintenance and operation-owner or tenant? |
Not Applicable |
|
|
|
|
If a pump is installed, who is to bear the
cost of maintenance and operation-owner or tenant? |
Details are not available |
|
|
|
|
Who has to bear the cost of electricity
charges for lighting of common space like entrance hall, stairs, passages,
compound etc. owner or tenant? |
Details are not available |
|
|
|
|
What is the amount of property tax? Who is to
bear it? Give details with documentary proof |
Details are not available |
|
|
|
|
Is the building insured? If so, give the
policy no. amount for which it is insured and the annual premium |
Details are not available |
|
|
|
|
Is any dispute between landlord and tenant
regarding rent pending in a court of law? |
Not Applicable |
|
|
|
|
Has any standard rent been fixed for the
premises under any law relating to the control of rent? |
Not Applicable |
|
|
|
|
SALES |
|
|
Land rate adopted in this valuation |
Rs. 1500/- per Sq. Mt. |
|
|
|
|
If sale instances are not available or not
relied upon the basis of arriving at the land rate |
Rs. 1500/- per Sq. Mt. |
|
|
|
|
COST OF CONSTRUCTION |
|
|
Year of comment of construction and year of
completion |
Not Applicable |
|
|
|
|
What was the method of construction by
contract/ by employing labor directly / both |
Not Applicable |
|
|
|
|
For items of works done on contract, produce
copies of agreements |
Not Applicable |
|
|
|
|
For items of works done by engaging labour
directly, give basic rates of materials and labour supported by documentary
proof |
Not Applicable |
|
|
|
|
PART II –
VALUATION The Market Value of the Open land for
industrial purpose situated at Revenue Survey No. 552/2 Paiki, Mouje Untva,
District Mehsana, owned by Mr. Dilipbhai N. Prajapati is estimated at Rs.
17.100 Millions as on 30.09.2014. The Realizable Value of the subject property
is estimated at Rs. 13.700 Millions as on 30.09.2014. The Distress Value of the subject property
is estimated at Rs. 12.000 Millions as on 30.09.2014. |
|
|
TECHNICAL DETAILS |
|
|
No of floors and height of each floor |
Not Applicable |
|
|
|
|
Plinth area –floor wise [As per IS : 3861 -
1966] |
Not Applicable |
|
|
|
|
Year of Construction |
Not Applicable |
|
|
|
|
Estimated future life |
Not Applicable |
|
|
|
|
Type of construction –load bearing walls/
RCC frame steel frame |
Not Applicable |
|
|
|
|
Type of foundations |
Not Applicable |
|
|
|
|
Walls 1) Basement and plinth 2) Ground floor 3) Superstructure above ground floor |
Not Applicable |
|
|
|
|
Partitions |
Not Applicable |
|
|
|
|
Door and Windows |
Not Applicable |
|
|
|
|
Flooring |
Not Applicable |
|
|
|
|
Finishing |
Not Applicable |
|
|
|
|
Roofing and Terracing |
Not Applicable |
|
|
|
|
Special architectural or decorative features
if any |
-- |
|
|
|
|
1) Internal Wiring – Surface or Conduit 2) Class of fittings superior / ordinary / poor |
Not Applicable |
|
|
|
|
Sanitary Installations No. of water closets No. of lavatory basins No. of urinals No. of sinks No. of bath tubs No. of bidets No. of geysers |
-- -- -- -- -- -- -- |
|
|
|
|
Class of fittings – Superior coloured/
Superior white/ ordinary |
-- |
|
|
|
|
Compound Wall 1) Height and Length 2) Type of construction |
-- -- |
|
|
|
|
No of Lift and Capacity |
-- |
|
|
|
|
Underground sump-capacity and type of
construction |
-- |
|
|
|
|
Overhead Tanks 1) Where located 2) Capacity 3) Type of construction |
-- -- -- |
|
|
|
|
Pump No and their Horse Power |
-- |
|
|
|
|
Roads and Paving within the compound
approximate area and type of pavings |
-- |
|
|
|
|
Sewage Disposal/ Whether connected to public
sewer. If septic tanks provided (No and Capacity) |
Not Applicable |
------------------------------------------------------------------------------------------------------------------------------
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. 61.35 |
|
|
1 |
Rs. 98.93 |
|
Euro |
1 |
Rs. 77.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.