MIRA INFORM REPORT
|
Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SRI GANESH ENTERPRISES |
|
|
|
|
Registered
Office : |
Near JNT University, Opposite Gitams College, Kakinada - 533003, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.08.2014 [Provisional] |
|
|
|
|
Year of
Establishment : |
June 2008 |
|
|
|
|
Capital
Investment : |
Rs. 9.338 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
DCMPS7689C |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer of Aqua Feed and Medicines. |
|
|
|
|
No. of Employees
: |
24 (Approximately) (05 In Office and 19 in Branch) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual trade
terms and conditions. NOTE: As claimed by
Ch Srinivas, Accountant that concern was started in June 2008 as Sree
Nukambika Traders and later on 1st February 2013 name was changed
to Sri Ganesh Enterprises. |
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 : |
Ch Srinivas |
|
Designation : |
Accountant |
|
Contact No.: |
91-9848834448 |
|
Date : |
22.10.2014 |
LOCATIONS
|
Registered Office : |
Near JNT University, Opposite Gitams College, Kakinada - 533003, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9848834448 [Ch Srinivas] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 1 : |
4-89, Gollapalem Village, Kajulur Mandal, District East Godavari,
Andhra Pradesh, India |
|
Location : |
Leased |
|
|
|
|
Branch Office 2 : |
4-136, Main Road, Gollapalem Kajulur Mandal, District East Godavari,
Andhra Pradesh, India |
|
Location : |
Leased |
|
|
|
|
Branch Office 3 : |
1-84, Main Road, Near Current Office, Aryavatam, District East
Godavari, Andhra Pradesh, India |
|
Location : |
Leased |
SOLE PROPRIETOR
|
Name : |
Mr. Sudabathula Venkata Pandurangarao |
|
Designation : |
Proprietor |
|
Address : |
S. Pandurangarao Gollapalem Village, Kajulur Mandal, East Godawari
District, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.08.1976 |
|
Qualification : |
SSC |
|
Experience : |
16 Years |
|
PAN No.: |
DCMPS7689C |
|
Background : |
Mr. S.V. Pandurangarao,
Proprietor of Ganesh Enterprises, a resident if Gollapalem village Kajulur
Mandal East Godavari District, Andhra Pradesh, hails from an affluent farming
community. He is a young and dynamic business entrepreneur with rich and
varied experience in different kinds of trade. In other words, in the initial
stages, a decade ago, he has started Aqua Culture nearly 200 acres modest
scale by taking the support and cooperation of his family members which he
has developed in to Aqua Culture ventures over these years to a very great
extent. He started business by trading of Sri Ganesh Enterprises Prawn feed
Last 5 years Now onwards he is associated with large volume of turnovers in
aqua based products directly with the manufacturers and supplier. Now, that the
Aquaculture especially in this rich area of East Godawari District areas of
Andhra Pradesh is assuming a fast developing growth and importance, S.V.
Pandurangarao in his viable business expansion programs has wisely through it
fit to take up Prawn Fish Feed Purchases and Sales on a greater scale so that
it can meet the existing Market Potentials and it can easily explore the more
profitable avenues. Thus, by virtue of
their sincerity, hard work, dedication, and commitment and also wide contacts
and connections with large sections of the people in almost all the parts of
the entire coastal area, sweet and salt water areas of East Godawari, The
firm proposed to open new three branches in addition to the existing branch
in the month of October and November 2014 i.e., in Tuni, Kakinada and
Amalapuram, They are projecting the Turnover of 40 crores by this year
ending. The firm
associates dealership of The Water Base Limited, entire East Godawari, and
sub dealer of CP Feeds, Avanti Feeds etc., and he supplied Prawns Medicines
total AP Dealers of Dossonic Bio-Care at Tamilnadu State. |
KEY EXECUTIVES
|
Name : |
Ch Srinivas |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Aqua Feed and Medicines. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit 90 Days |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Suppliers : |
· Adilakshmi Enterprises · Shranya Biological · Sri Devi Commercial Private Limited |
||||||||||
|
|
|
||||||||||
|
Customers : |
Retailers · Andhra Scientific Agency KKD · Rakshak Remedies · Sri Satya Venka Aqua Feeds · Karunya Dies and Chemicals · Satya Enterprises Tallarevu · Hari Priya Enterprises · Lakshmi Agencies · Srinivasa Marines · Venkatarama Prawn Culture |
||||||||||
|
|
|
||||||||||
|
No. of Employees : |
24 (Approximately) (05 In Office and 19 in Branch) |
||||||||||
|
|
|
||||||||||
|
Bankers : |
· ICICI Bank Limited Kakinada, Andhra Pradesh, India |
||||||||||
|
|
|
||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Suryanarayana Murthy Chartered Accountant |
|
Address : |
1-89, Repuru, Kakinada, Andhra Pradesh, India |
CAPITAL STRUCTURE
CAPITAL ACCOUNTS AS ON 31.08.2014 [PROVISIONAL]
[RS. IN MILLIONS]
|
PARTICULARS |
AMOUNT |
|
S. VENKATA PANDU RANGARAO |
|
|
Opening Balance |
8.050 |
|
|
|
|
Profit / Loss |
1.288 |
|
|
|
|
CLOSING BALANCE |
9.338 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.08.2014 [Provisional] [5 Months] |
31.03.2014 [12 Months] |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Capital Account |
9.338 |
8.050 |
7.419 |
6.890 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.338 |
8.050 |
7.419 |
6.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
6.446 |
6.446 |
5.755 |
5.139 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
6.446 |
6.446 |
5.755 |
5.139 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
15.784 |
14.496 |
13.174 |
12.029 |
|
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.093 |
0.093 |
0.110 |
0.129 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
8.067
|
12.628
|
9.463 |
9.621 |
|
|
Sundry Debtors |
24.376
|
1.921
|
3.721 |
2.632 |
|
|
Cash & Bank Balances |
1.545
|
0.351
|
0.272 |
0.241 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.300
|
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
34.288
|
14.900
|
13.456 |
12.494 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
18.597
|
0.497
|
0.392 |
0.594 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
18.597
|
0.497
|
0.392 |
0.594 |
|
|
Net Current Assets |
15.691
|
14.403
|
13.064 |
11.900 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
15.784 |
14.496 |
13.174 |
12.029 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.08.2014 [Provisional] [5 Months] |
31.03.2014 [12 Months] |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Sales |
104.239 |
186.123 |
122.981 |
106.375 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
104.239 |
186.123 |
122.981 |
106.375 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods sold |
95.899 |
169.303 |
111.202 |
96.385 |
|
|
|
Expenses on employees |
0.804 |
0.000 |
0.000 |
0.000 |
|
|
|
Administrative expenses |
5.917 |
0.000 |
0.000 |
0.000 |
|
|
|
Freight Charges |
0.000 |
5.498 |
3.443 |
2.859 |
|
|
|
Hamali Charges |
0.000 |
2.549 |
1.753 |
1.485 |
|
|
|
Shop rent |
0.000 |
0.144 |
0.144 |
0.120 |
|
|
|
Salaries |
0.000 |
0.818 |
0.739 |
0.620 |
|
|
|
Staff welfare expenses |
0.000 |
0.296 |
0.236 |
0.212 |
|
|
|
Telephone charges |
0.000 |
0.315 |
0.261 |
0.182 |
|
|
|
Sales Commission |
0.000 |
4.867 |
3.264 |
2.786 |
|
|
|
Vehicle maintenance |
0.000 |
0.422 |
0.332 |
0.333 |
|
|
|
Printing and Stationery |
0.000 |
0.084 |
0.067 |
0.058 |
|
|
|
Interest on unsecured Loans |
0.331 |
0.691 |
0.617 |
0.551 |
|
|
|
Misc. expenses |
0.000 |
0.165 |
0.123 |
0.121 |
|
|
|
TOTAL |
102.951 |
185.152 |
122.181 |
105.712 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
1.288 |
0.971 |
0.800 |
0.663 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.016 |
0.019 |
0.023 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
1.288 |
0.955 |
0.781 |
0.640 |
|
KEY RATIOS
|
PARTICULARS |
|
31.08.2014 [Provisional] [5 Months] |
31.03.2014 [12 Months] |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.24
|
0.51
|
0.64 |
0.60 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
0.51
|
0.64 |
0.60 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75
|
6.37
|
5.76 |
5.07 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12
|
0.11 |
0.09 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.69
|
0.80
|
0.78 |
0.75 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84
|
29.98
|
34.33 |
21.03 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Capital Account |
6.890 |
7.419 |
8.050 |
|
Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6.890 |
7.419 |
8.050 |
|
|
|
|
|
|
Secured Loans |
5.139 |
5.755 |
6.446 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5.139 |
5.755 |
6.446 |
|
Debt/Equity ratio |
0.746 |
0.776 |
0.801 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
106.375 |
122.981 |
186.123 |
|
|
|
15.611 |
51.343 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
106.375 |
122.981 |
186.123 |
|
Profit |
0.640 |
0.781 |
0.955 |
|
|
0.60% |
0.64% |
0.51% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years and five months |
Yes |
|
12] |
Profitability for last
three years and five months |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE AND FINANCIAL INDICATORS
(RS. IN MILLIONS)
|
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
Domestic Sales (Gross) |
400.000 |
600.000 |
660.000 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
Sales |
400.000 |
600.000 |
660.000 |
|
|
|
|
|
|
% rise/fall (-) in net sales |
114.94 |
50.00 |
10.00 |
|
|
|
|
|
|
Operating Profit |
7.200 |
15.300 |
19.900 |
|
|
|
|
|
|
Profit Before tax |
7.200 |
15.300 |
19.900 |
|
|
|
|
|
|
PBT/ Sales (%) |
18.100 |
25.500 |
30.200 |
|
|
|
|
|
|
Profit After Tax |
5.100 |
10.700 |
13.900 |
|
|
|
|
|
|
Cash Accrual |
5.100 |
10.700 |
14.000 |
|
|
|
|
|
|
Paid Up Capital |
39.400 |
44.500 |
60.300 |
|
|
|
|
|
|
TNW |
44.500 |
60.300 |
90.000 |
|
|
|
|
|
|
Adjusted TNW |
44.500 |
60.300 |
90.000 |
|
|
|
|
|
|
TOL/TNW (times) |
1.74 |
1.49 |
1.12 |
|
|
|
|
|
|
Adjusted TOL/TNW |
1.74 |
1.49 |
1.12 |
|
|
|
|
|
|
NWC |
44.400 |
60.200 |
89.900 |
|
|
|
|
|
|
Current Ratio |
1.58 |
1.67 |
1.89 |
|
|
|
|
|
|
OTHER RATIOS |
|
|
|
|
Operating Cost/
sales % |
98.19 |
97.45 |
96.98 |
|
|
|
|
|
|
Net Sales /TTA
(times) |
3.29 |
4.00 |
3.46 |
|
|
|
|
|
|
PBDIT |
12.100 |
26.300 |
32.300 |
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
|
|
Net Sales/ Total Tangible Assets (times) |
3.29 |
4.00 |
3.46 |
|
|
|
|
|
|
PBT/ Total Tangible Assets (%) |
5.95 |
10.22 |
10.43 |
|
|
|
|
|
|
Operating Cost to sales (%) |
98.19 |
97.45 |
96.98 |
|
|
|
|
|
|
Bank Finance/ Ct. Assets (%) |
57.59 |
53.41 |
47.14 |
|
|
|
|
|
|
Inventory+ Receivables to Net Sales (days) |
106.46 |
83.65 |
91.25 |
------------------------------------------------------------------------------------------------------------------------------
INVENTORY & RECEIVABLES HOLDING LEVELS
(RS. IN MILLIONS)
|
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
Raw Material : a) Indigenous |
0.000 |
0.000 |
0.000 |
|
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
b) Imported |
0.000 |
0.000 |
0.000 |
|
|
-- |
-- |
-- |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Finished Goods |
16.700 |
25.000 |
27.500 |
|
|
0.55 |
0.55 |
0.55 |
|
|
|
|
|
|
Other Spares : a)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
-- |
-- |
-- |
|
|
|
|
|
|
b) Imported |
0.000 |
0.000 |
0.000 |
|
|
-- |
-- |
-- |
|
|
|
|
|
|
Receivables : a) Domestic |
100.000 |
112.500 |
137.500 |
|
|
3.00 |
2.25 |
2.50 |
|
|
|
|
|
|
b) Export |
0.000 |
0.000 |
0.000 |
|
|
-- |
-- |
-- |
|
|
|
|
|
|
Receivables |
100.000 |
112.500 |
137.500 |
|
|
3.00 |
2.25 |
2.50 |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Other Creditors |
7.200 |
9.600 |
11.000 |
|
|
|
|
|
|
Other Current Assets |
4.900 |
12.300 |
25.900 |
------------------------------------------------------------------------------------------------------------------------------
ABF ASSESSMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
Total Current Assets |
121.600 |
149.800 |
190.900 |
|
|
|
|
|
|
Other Current Liabilities (Except Bank
Borrowing) |
7.200 |
9.600 |
11.000 |
|
|
|
|
|
|
Working Capital Gap |
114.400 |
140.200 |
179.900 |
|
|
|
|
|
|
Net Working Capital (Act./Proj) |
44.400 |
60.200 |
89.900 |
|
|
|
|
|
|
Assessed Bank Finance |
70.000 |
80.000 |
90.000 |
|
|
|
|
|
|
NWC to TCA (%) |
36.51 |
40.18 |
47.11 |
|
|
|
|
|
|
Bank Finance to TCA % |
57.59 |
53.41 |
47.14 |
|
|
|
|
|
|
Sundry Creditor to TCA (%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Other Current Liabilities to TCA (%) |
5.90 |
6.41 |
5.75 |
|
|
|
|
|
|
Inventory to Net sales (days) |
15.21 |
6.25 |
15.21 |
|
|
|
|
|
|
Receivable to Gross sales (days) |
91.25 |
28.13 |
76.04 |
|
|
|
|
|
|
Sundry Creditor to Purchases (days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Net Sales/WC |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
|
|
|
1 |
|
GROSS SALES |
|
|
|
|
|
i. |
Domestic Sales |
400.000 |
600.000 |
660.000 |
|
|
ii. |
Export Sales |
-- |
-- |
-- |
|
|
|
Add: Other revenue income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
400.000 |
600.000 |
660.000 |
|
|
|
|
|
|
|
|
2 |
|
Less: Excise Duty |
-- |
-- |
-- |
|
|
|
Deduct: Other items |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3 |
|
Net Sales ( item 1
- item 2 ) |
400.000 |
600.000 |
660.000 |
|
|
|
|
|
|
|
|
4 |
|
% age rise (+) or fall (-) in net sales compared to previous year (annualised) |
114.94 |
50.00 |
10.00 |
|
|
|
|
|
|
|
|
5 |
|
Cost of Sales |
|
|
|
|
|
i.) |
Raw materials (including stores and other items used in the process of manufacture) |
368.000 |
552.000 |
597.200 |
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
|
|
|
(b) Indigenous |
368.000 |
552.000 |
597.200 |
|
|
|
|
|
|
|
|
|
ii) |
Other spares |
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
|
|
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
iii) |
Power and fuel |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
iv) |
Direct labour |
0.000 |
0.000 |
0.000 |
|
|
|
(Factory wages & salary) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
v) |
Other Manufacturing Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
vi) |
Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
vii) |
SUB TOTAL (I TO VI) |
368.000 |
552.000 |
597.200 |
|
|
|
|
|
|
|
|
|
viii) |
ADD: Opening stocks-in-Process) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
SUB-TOTAL |
368.000 |
552.000 |
597.200 |
|
|
|
|
|
|
|
|
|
ix) |
Deduct : Closing stocks-in-process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
x) |
Cost of Production |
368.000 |
552.000 |
597.200 |
|
|
|
|
|
|
|
|
|
xi) |
Add: Opening stock of finished goods |
12.600 |
16.700 |
25.000 |
|
|
|
|
|
|
|
|
|
|
SUB-TOTAL |
380.600 |
568.700 |
622.200 |
|
|
|
|
|
|
|
|
|
xii) |
Deduct: Closing stock of finished goods |
16.700 |
25.000 |
27.500 |
|
|
|
|
|
|
|
|
|
xiii) |
SUB-TOTAL (Total
cost of Sales) |
363.900 |
543.700 |
594.700 |
|
|
|
|
|
|
|
|
6 |
|
Selling, general and administrative expenses |
24.000 |
30.000 |
33.000 |
|
|
|
|
|
|
|
|
7 |
|
SUB-TOTAL (5+6) |
387.900 |
573.700 |
627.700 |
|
|
|
|
|
|
|
|
8 |
|
Operating profit before interest (3-7) |
12.100 |
26.300 |
32.300 |
|
|
|
|
|
|
|
|
9 |
|
Interest |
4.800 |
11.000 |
12.400 |
|
|
|
|
|
|
|
|
10 |
|
Operating profit after interest (8-9) |
7.200 |
15.300 |
19.900 |
|
|
|
|
|
|
|
|
11 |
(i) |
Add other non-operating income |
|
|
|
|
|
(a) |
Interest & Disc. On Adv./Loans |
-- |
-- |
-- |
|
|
(b) |
Income from Investments |
-- |
-- |
-- |
|
|
(c) |
Profit on sale of F.A. |
-- |
-- |
-- |
|
|
(d) |
Others |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub-total (Income) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
(ii) |
Deduct other non-operating expenses |
|
|
|
|
|
(a) |
P&P expense including all book entries written off |
-- |
-- |
-- |
|
|
(b) |
Goodwill w/o |
-- |
-- |
-- |
|
|
(c) |
Loss on assets/donations/R&D exp |
-- |
-- |
-- |
|
|
(d) |
Diminution in Invest. & Doubtful De |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub-total (expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
(iii) |
Net of other non-operating income/expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
12 |
|
Profit before tax/loss[10+11(iii)] |
7.200 |
15.300 |
19.900 |
|
|
|
|
|
|
|
|
13 |
|
Provision for taxes |
2.200 |
4.600 |
6.000 |
|
|
|
|
|
|
|
|
14 |
|
Prior Years Adjustment(if any)# |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
15 |
|
Net Profit/Loss for
the year ( 12-13 ) |
5.100 |
10.700 |
13.900 |
|
|
|
|
|
|
|
|
16 |
|
(a) Equity dividend paid-amt |
-- |
-- |
-- |
|
|
|
(Already paid+ B.S. provision) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(b) Dividend Rate |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
17 |
|
Retained
Profit ( 14-15 ) |
5.100 |
10.700 |
13.900 |
|
|
|
|
|
|
|
|
18 |
|
Retained Profit/Net profit (% age) |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
1 |
|
Short-term borrowings from Banks (including bills purchased, discounted
and excess borrowing placed on repayment basis) |
|
|
|
|
|
|
(i) From applicant banks |
70.000 |
80.000 |
90.000 |
|
|
|
(ii) From other banks |
-- |
-- |
-- |
|
|
|
(iii) Of which BP & BD |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL |
70.000 |
80.000 |
90.000 |
|
|
|
|
|
|
|
|
2 |
|
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
3 |
|
Sundry Creditors (Trade) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
4 |
|
Advance payments from customers/deposits from dealers |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
5 |
|
Provision for taxes |
2.200 |
4.600 |
6.000 |
|
|
|
|
|
|
|
|
6 |
|
Dividend payable |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7 |
|
Other statutory liabilities (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
8 |
|
Deposits/installments of term loans/ DPGs/ Debentures, etc. (due
within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
9 |
|
Other current liabilities & Provisions (due within 1 Year)
(specify major items) |
5.000 |
5.000 |
5.000 |
|
|
(i) |
Unclaimed deposits Intt. Due on Dep./Sec. Dep. |
-- |
-- |
-- |
|
|
(iii) |
Sundry Creditors (Cap) |
-- |
-- |
-- |
|
|
(iv) |
Unclaimed div+Intt Acc+Other Liabilities |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB-TOTAL (B) |
7.200 |
9.600 |
11.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
77.200 |
89.600 |
101.000 |
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
11 |
|
Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
12 |
|
Preference shares (redeemable after one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
13 |
|
Term loans (excluding installment) payable within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
14 |
|
Deferred Payment Credits (excluding installments due within one year)
Sales Tax Loan |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
15 |
|
Term deposits (repayable after one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
16 |
|
Other term liabilities-Sec. Deposits |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
17 |
|
TOTAL TERM
LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
18 |
|
TOTAL OUTSIDE
LIABILITIES |
77.200 |
89.600 |
101.000 |
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
19 |
|
Ordinary share capital |
39.400 |
44.500 |
60.300 |
|
|
|
|
|
|
|
|
20 |
|
General reserve |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
21 |
|
Revaluation reserve |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
22 |
|
Other reserve (excluding provisions) Share Premium |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
23 |
|
Surplus (+) or deficit (-) in Profit & Loss Account |
5.100 |
15.800 |
29.700 |
|
|
|
|
|
|
|
|
23a |
|
Others (specify) |
0.000 |
0.000 |
0.000 |
|
|
(i) |
Debentures Red. Reserves |
-- |
-- |
-- |
|
|
(ii) |
Capital Red. Reserves |
-- |
-- |
-- |
|
|
(iii) |
Deferred Tax Liabilities |
-- |
-- |
-- |
|
|
(iv) |
Others (specify) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
24 |
|
NET WORTH |
44.500 |
60.300 |
90.000 |
|
|
|
|
|
|
|
|
25 |
|
TOTAL LIABILITIES |
121.600 |
149.900 |
191.000 |
|
|
|
|
|
|
|
|
26 |
|
Cash and bank balances |
1.400 |
8.800 |
22.400 |
|
|
|
|
|
|
|
|
|
|
Fixed Deposits with Banks |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
28 |
|
(i) Receivables other than
deferred & exports (include bills purchased and discounted by Banks) |
100.000 |
112.500 |
137.500 |
|
|
|
|
|
|
|
|
|
|
(ii) Export receivables (include bills purchased and discounted by
banks) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
29 |
|
Installments of deferred Receivables (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
30 |
|
Inventory: |
16.700 |
25.000 |
27.500 |
|
|
|
(i) Raw materials (including stores & other items used in the
process of manufacture) |
0.000 |
0.000 |
0.000 |
|
|
|
(a) Imported |
-- |
-- |
-- |
|
|
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(ii) Stock-In-Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(iii) Finished goods |
16.700 |
25.000 |
27.500 |
|
|
|
|
|
|
|
|
|
|
(iv) Other Consumable Spares |
0.000 |
0.000 |
0.000 |
|
|
|
(a) Imported |
-- |
-- |
-- |
|
|
|
(b) Indigenous |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
31 |
|
Advance to suppliers of raw materials & stores and spares |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
32 |
|
Advance payment of taxes |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
33 |
|
Other Current assets |
0.000 |
0.000 |
0.000 |
|
|
(i) |
Advances recoverable |
-- |
-- |
-- |
|
|
(ii) |
Prepaid expenses |
-- |
-- |
-- |
|
|
(iii) |
Modvat/Excise |
-- |
-- |
-- |
|
|
(iv) |
Others |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
34 |
|
TOTAL CURRENT
ASSETS |
121.600 |
149.800 |
190.900 |
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
Gross Block (Land & Building machinery, work-in-process) |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
|
Depreciation to date |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET BLOCK |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
Investment/ book debts/ advances/ deposits which are not current
assets |
|
|
|
|
|
|
(i) a) Investment in subsidiary
Co./affiliates |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b) Other Investments ICDs |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(ii) Advances to suppliers of capital goods & contractors |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iii) Deferred receivables (maturity exceeding one year) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iv) Others (a) Debtors> 6 months |
-- |
-- |
-- |
|
|
|
(b) Security
Deposits |
-- |
-- |
-- |
|
|
|
(c) Others |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
39 |
|
Non-consumables stores & spares |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
40 |
|
Other non-current assets including dues from Directors |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
41 |
|
TOTAL OTHER
NON-CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
42 |
|
Intangible assets (patents, goodwill, preliminary expenses, bad/
doubtful exp. not provided for etc.) |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
43 |
|
TOTAL ASSETS (34+37+41+42) |
121.600 |
149.900 |
191.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW (DETAILED)
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 ESTIMATED |
2016 PROJECTION |
2017 PROJECTION |
|
|
|
|
|
|
|
|
|
1 |
|
SOURCES |
|
|
|
|
|
a. |
Net Profit (After Tax) |
5.100 |
10.700 |
13.900 |
|
|
|
|
|
|
|
|
|
b. |
Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
c |
Increase in Capital |
25.000 |
5.100 |
15.800 |
|
|
|
|
|
|
|
|
|
d. |
Increase In Term Liabilities Including public deposits |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
e. |
Decrease in |
|
|
|
|
|
|
i.) Fixed Assets |
0.000 |
0.000 |
0.000 |
|
|
|
ii.) Other Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f |
Others |
0.000 |
10.700 |
0.000 |
|
|
|
|
|
|
|
|
|
g. |
Total |
30.100 |
26.500 |
29.700 |
|
|
|
|
|
|
|
|
2 |
|
USES |
|
|
|
|
|
a. |
Net Loss |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
b. |
Decrease in Term Liabilities Including public deposits |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
c. |
Increase in |
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
|
|
|
ii) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
d. |
Dividend Payment |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
e |
Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f |
Total |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
(SUMMARY) |
|
|
|
|
|
|
|
|
|
|
|
3 |
I |
Long Term Surplus/Deficit |
30.100 |
26.500 |
29.700 |
|
|
|
|
|
|
|
|
4 |
ii |
Increase/decrease in Current Assets |
106.800 |
28.200 |
41.100 |
|
|
|
|
|
|
|
|
5 |
iii |
Increase/decrease in Current Liabilities other than BB |
6.700 |
2.400 |
1.400 |
|
|
|
|
|
|
|
|
6 |
iv |
Increase/decrease in Working Capital Gap |
100.100 |
25.800 |
39.700 |
|
|
|
|
|
|
|
|
7 |
v |
Net Surplus (+) Deficit (-) |
(70.000) |
0.700 |
(10.000) |
|
|
|
|
|
|
|
|
8 |
vi |
Increase/decrease in Bank Borrowings |
70.000 |
10.000 |
10.000 |
------------------------------------------------------------------------------------------------------------------------------
SECURITIES
|
Security Primary |
Stocks and Book Debts |
|
|
|
|
Collateral Security |
Urban Securities at Kakinada to the extent
of 13552 Sq. Yards situated at Shashikanth Nagar in the name of Devavarapu Srinivas
Rao, Relative of the applicant and the Market Value around Rs. 140.000
Millions. |
------------------------------------------------------------------------------------------------------------------------------
MARKET AND
OPPORTUNITIES
Andhra Pradesh ranks
1st in India in production of brackish water prawns and fresh water prawns and
fresh water prawns and 2nd in production of fresh water fish and
prawn. Nearly 10 lack tons of fish/prawn pa is produced in the state
contributing about Rs. 25000.000 Millions by way of marine export which is
nearly 40% of the marine export from India. The fisheries sector is providing
direct and indirect employment to over 14 lack persons in rural areas.
(Source: Central
Institute of Brackish water Aqua culture, Commissioner of fisheries). There is
lot of potential available for Aqua Marine products like Prawn, fish etc., in
the international and local markets as well. Hence the market for the aqua
marine feed for Prawns, Fish etc., is expected and for sure will grow /
increase.
MARKETING STRATEGIES
The entire promoters were, in the past,
engaged in helping financially / technically and supplying fertilizers to the
agriculturists of Krishna, West Godavari and East Godavari Districts through
their agents. In turn the farmers were selling their produce i.e., rice etc. to
the promoters. The trust reposed continued even after the agriculturists
adapted Aquaculture and started growing Fish and Prawns. The promoters became
the dealers in selling Feed for the Fish – culture and Prawn Culture and the
Agents became the distributors. Thus the mutual trust reposed continued and the
company has an unbroken chain of marketing in the villages of East Godavari
Districts.
Further, the promoters, having agricultural
background are aware of the needs of the farmers and have engaged technical/
agricultural experts for extending the farmers prompt and suitable help in
overcoming the problems faced by the farmers and thus have earned lot of
goodwill through which they are able to develop their market share.
TRADE REFERENCES
· Andhra Scientific Agency, Vadlamuri Srinivasarao Kakinada
· Rakshak Remedies, D. Peddiraju, Amapuram
· Karunya Dies and Chemicals D. Srinivas Kakinada
· Satya Enterprises, Y. Kasi Tallarevu
------------------------------------------------------------------------------------------------------------------------------
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. 61.32 |
|
|
1 |
Rs. 99.00 |
|
Euro |
1 |
Rs. 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.