MIRA
INFORM REPORT
|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
NANESH TOBACO AND KIRANA STORE |
|
|
|
|
Registered
Office : |
65, Satyanarayan Society, Bhestan, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 (Provisional) |
|
|
|
|
Date of
Incorporation : |
07.04.2006 |
|
|
|
|
Capital
Investment : |
Rs. 1.404 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ARNPK9644E |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of Fast-Moving Consumer Goods and Kirana Foods. |
|
|
|
|
No. of Employees
: |
2 (Approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small proprietary concern |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small proprietary concern in its field. Its scale of
activities are limited. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The concern can be considered for small business dealings at usual
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
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes that many things such as apartment
sales, luxury products, etc. were largely bought with dirty money. And it is
now beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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. Nitin Ajmera |
|
Designation : |
Accounts |
|
Contact No.: |
91-9825801028 |
|
Date : |
30.08.2014 |
LOCATIONS
|
Registered Office : |
65, Satyanarayan Society, Bhestan, Surat – 395023, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9033553154 (Mr. Nitin Ajmera) |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
|
|
|
|
Shop : |
22, Sonal Industrial Estate, Ganesh Nagar, Near Azra Furniture, Vasahat,
Bhestan, Surat - 394220, Gujarat, India |
SOLE PROPRIETOR
|
Name : |
Mr. Kundanlal Madanlal Kothari |
|
Designation : |
Proprietor |
|
Address : |
65, Satyanarayan Society, Bhestan, Surat – 395023, Gujarat, India |
|
Date of Birth/Age : |
01.07.1962 |
|
Qualification : |
Graduate |
|
Experience : |
9 Years |
|
PAN No.: |
ARNPK9644E |
KEY EXECUTIVES
|
Name : |
Mr. Nitin Ajmera |
|
Designation : |
Accounts |
BUSINESS DETAILS
|
Line of Business : |
Trader of Fast-Moving Consumer Goods and Kirana Foods. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
2 (Approximately) [In Office] |
|
|
|
|
Bankers : |
Dena Bank, Bhestan, Surat, Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 1.404 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 1.404
Millions |
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 |
31.03.20214 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
1.404 |
1.176 |
0.768 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.404 |
1.176 |
0.768 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.404 |
1.176 |
0.768 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.140
|
0.798 |
0.416 |
|
|
Sundry Debtors |
0.243
|
0.311 |
0.200 |
|
|
Cash & Bank Balances |
0.023
|
0.069 |
0.154 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
1.406
|
1.178 |
0.770 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.002
|
0.002 |
0.002 |
|
Total
Current Liabilities |
0.002
|
0.002 |
0.002 |
|
|
Net Current Assets |
1.404
|
1.176 |
0.768 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.404 |
1.176 |
0.768 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.20214 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4.916 |
4.341 |
3.505 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
4.916 |
4.341 |
3.505 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
4.391 |
3.860 |
3.149 |
|
|
|
Accounting Fees |
0.001 |
0.001 |
0.001 |
|
|
|
Bank Commission Expenses |
-- |
-- |
0.001 |
|
|
|
Conveyance Expenses |
0.005 |
0.004 |
0.004 |
|
|
|
Miscellaneous Expenses |
0.006 |
0.004 |
-- |
|
|
|
Staff Salary |
0.108 |
0.096 |
0.048 |
|
|
|
Stationery Expenses |
0.001 |
0.001 |
0.001 |
|
|
|
Transportation Expenses |
0.010 |
0.006 |
0.002 |
|
|
|
Vakil Fees |
0.001 |
0.001 |
0.001 |
|
|
|
TOTAL |
4.523 |
3.973 |
3.207 |
|
|
|
|
|
|
|
|
|
NET PROFIT/ LOSS
|
0.393 |
0.368 |
0.298 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.20214 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
7.99 |
8.48 |
8.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.99 |
8.48 |
8.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.95
|
0.31 |
38.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.31 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
703.00
|
589.00 |
385.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014
(Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.768 |
1.176 |
1.404 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
0.768 |
1.176 |
1.404 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014
(Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3.505 |
4.341 |
4.916 |
|
|
|
23.852 |
13.246 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014
(Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3.505 |
4.341 |
4.916 |
|
Profit |
0.298 |
0.368 |
0.393 |
|
|
8.50% |
8.48% |
7.99% |
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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
MR. KUNDANLAL MADANLAL
KOTHARI
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2013 |
|
|
Profits and Gains from Business and Profession |
|
0.368 |
|
|
|
|
|
Profit U/s 44 AD -
Nanesh Tobacco and Kirana Store |
|
|
|
Profit Deemed U/s 44AD @ 8% of Rs. 4.341 Millions |
0.347 |
|
|
Profit Declared U/s 44AD @8.49% of Rs. 4.341 Millions |
0.368 |
|
|
Profit (Higher of the Above) |
0.368 |
|
|
|
|
|
|
Gross Total Income |
|
0.368 |
|
|
|
|
|
Less Deductions
under Chapter-VIA |
|
|
|
80C Deduction |
0.097 |
|
|
Total Deductions |
|
0.097 |
|
Total Income |
|
0.271 |
|
Total Income Rounded Off U/s 288A |
|
0.271 |
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
||
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
Tax on Rs. 0.071 Million (0.271-0.200) @ 10% |
0.007 |
|
|
Tax on Rs. 0.271
Million |
|
0.007 |
|
|
|
0.007 |
|
Add: Education Cess @ 2% |
|
0.000 |
|
|
|
0.007 |
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.000 |
|
|
|
0.007 |
|
Add Interest
Payable |
|
|
|
Interest U/s 234A |
0.001 |
0.001 |
|
|
|
0.008 |
|
Tax Rounded Off U/s 288B |
|
0.008 |
|
Less
Self-Assessment Tax U/s 140A |
|
|
|
State Bank of India, Focal Point Link Branch – 0004329 – 07003 – 06/02/2014 |
0.008 |
0.008 |
|
Tax Payable |
|
0.000 |
|
|
|
|
|
Detail of
Deduction U/s 80C |
|
|
|
L.I.C. Premium |
0.097 |
|
|
Total |
0.097 |
|
Proportionated tax excluding income U/s 44AD for Intt. Calculation U/s 234B & 234C: 7294
(0.097(0.271-0.368)/0.271) = 0[Section 44AD(4)]
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MR. KUNDANLAL MADANLAL KOTHARI)
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B C/D A/C No. |
Present Balance |
|
|
|
|
|
|
Dena Bank |
Bhestan |
Current
A/c 069211023861 |
Rs.
1.146 Millions |
|
|
|
|
|
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Location Address |
Purchases Cost |
Present Value |
|
Residential |
65, Satyanarayan Society, Bhestan, Surat –
395023, Gujarat, India |
0.400 |
0.300 |
|
Total |
0.400 |
0.300 |
|
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of the company and Branch |
Policy No. |
Date of Issue |
Sum Assured |
Annual Premium |
|
LIC |
183637944 |
28.12.2005 |
0.105 |
0.007 |
|
LIC |
863343819 |
28.12.2005 |
0.050 |
0.006 |
VEHICLES
|
Type of Vehicles |
Present Value |
|
Two Wheeler |
0.030 |
|
Total |
0.030 |
JEWELLERY
|
Particular |
Quantity |
Valuation (Approx.) |
|
|
|
|
|
Gold |
250
Grams |
0.550 |
|
|
|
|
CAPITAL INVESTED IN
BUSINESS
|
Particulars |
Amount
|
|
Tobaco, Kirana |
1.500 |
|
|
|
|
Total |
1.500 |
OTHER INVESTMENT /ASSETS
|
Other
Investment/ Assets |
3.000 |
|
|
|
|
Total |
3.000 |
LEGAL HEIRS/ FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Kundanlal Madanlal Kothari |
Business
|
Self
|
51 |
Married
|
65, Satyanarayan Society, Bhestan, Surat –
395023, Gujarat, India |
|
Madhubala Kundanmal Kothari |
Housewife
|
Wife
|
49 |
Married |
|
|
Lokesh K. Kothari |
Business
|
Son
|
26 |
Married |
|
|
Arpit K. Kothari |
10th
Std. |
Son |
15 |
No
|
------------------------------------------------------------------------------------------------------------------------------
ESTIMATED PROFIT AND LOSS
ACCOUNT
(RS. IN MILLIONS)
|
PARTICULARS |
2015 |
|
(Estimate) |
|
|
SALES |
|
|
|
|
|
Export sales |
0.000 |
|
Job Work Charges |
0.000 |
|
Domestic Sales |
6.000 |
|
Gross Sales: |
6.000 |
|
Less: Excise Duty and Sales Tax |
0.000 |
|
Net Sales |
6.000 |
|
|
|
|
Increase/ Decrease in Stocks |
0.360 |
|
Other Income |
0.000 |
|
Total Income |
6.360 |
|
|
|
|
Raw Materials |
|
|
Imported |
0.000 |
|
Indigenous |
5.725 |
|
Stores and Spares |
0.000 |
|
Employees |
0.150 |
|
Power and Fuel |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
|
COST OF PRODUCTION |
5.875 |
|
|
|
|
Rent |
0.000 |
|
Administrative and Selling Expenses |
0.050 |
|
COST OF SALES |
5.925 |
|
|
|
|
EARNING BEFORE DEPRECIATION, INTEREST AND
TAX |
|
|
Interest |
0.243 |
|
-Term Loan |
0.000 |
|
- Working Capital |
0.243 |
|
- Other |
0.000 |
|
Depreciation |
0.000 |
|
Preliminary expenses written off |
0.000 |
|
Profit Before tax |
0.192 |
|
Tax |
0.000 |
|
Deferred Tax Assets/ (Liability) |
0.000 |
|
Net Profit |
0.192 |
|
Less Dividend (Including tax) |
0.000 |
|
|
|
|
Net Profit Carried over to B/Sheet |
0.192 |
|
Cash Accruals |
0.192 |
|
Cumulative Cash Accruals |
1.517 |
|
|
|
|
PROFITABILITY RATIOS |
|
|
Gross Profit Margin |
7.24 |
|
PBT Margin |
3.19 |
|
Net Profit Margin |
3.19 |
|
Interest Coverage |
1.79 |
------------------------------------------------------------------------------------------------------------------------------
ESTIMATED BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
2015 |
|
(Estimate) |
|
|
LIABILITY |
|
|
Proprietor’s Capital |
1.500 |
|
|
|
|
Reserves and Surplus |
0.000 |
|
General Reserves |
0.000 |
|
-P&L Appropriation Account |
0.000 |
|
Other Income/ Addition |
0.000 |
|
Withdrawals |
0.000 |
|
Deferred Tax Liability |
0.000 |
|
Total reserve |
0.000 |
|
Net Worth |
1.500 |
|
|
|
|
Loans |
|
|
Term Loans – Secured |
0.000 |
|
|
|
|
Others |
0.000 |
|
Working Capital Loan |
1.200 |
|
Unsecured Loans |
0.000 |
|
Total Loans |
1.200 |
|
Total Liabilities |
2.700 |
|
ASSETS |
|
|
Gross Fixed Assets |
0.000 |
|
Less Acc Depreciation |
0.000 |
|
Net Fixed Assets |
0.000 |
|
|
|
|
Investments |
0.020 |
|
Current Assets |
|
|
Inventories |
1.500 |
|
Raw Material – Indigenous |
0.000 |
|
- Imported |
0.000 |
|
Stock in Process |
0.000 |
|
Finished Goods |
1.500 |
|
Stores and Spares |
0.000 |
|
Sundry Debtors – Exports |
0.000 |
|
- Domestic |
0.950 |
|
Loans and Advances |
0.000 |
|
SUB-TOTAL |
2.470 |
|
Cash and Bank Balance |
0.210 |
|
Total Current Assets |
2.680 |
|
|
|
|
Current Liabilities |
|
|
Sundry Creditors |
0.000 |
|
Other Liabilities |
0.000 |
|
Provisions |
0.000 |
|
TOTAL Liabilities |
0.000 |
|
Net Current Assets |
2.680 |
|
Non Current Assets |
0.020 |
|
Misc Expenditure not w/o |
0.000 |
|
Total Assets |
2.700 |
|
|
|
|
Check |
0.00 |
|
TNW |
15.00 |
|
TNW with quasi equity |
15.00 |
|
TOL |
12.00 |
|
TOL/TNW with quasi equity |
0.80 |
|
TOL/TNW |
0.80 |
|
TD/TNW |
0.00 |
|
Current Ratio |
2.25 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2015 |
|
(Estimate) |
|
|
1. Gross Sales |
|
|
(i) Exports |
0.000 |
|
(ii) Job Work Charges and Other Operating |
0.000 |
|
(iii) Domestic |
6.000 |
|
TOTAL |
6.000 |
|
|
|
|
2. Less: Excise Duty |
0.000 |
|
|
|
|
3. Net Sales (1-2) |
6.000 |
|
|
|
|
4. % age rise (+) of fall (-) in net sales as compared to previous year |
22.08% |
|
|
|
|
5. Cost of Sales |
|
|
i) Raw Materials (Including stores and
other items used in the process of manufacture) |
|
|
a). Imported |
0.000 |
|
b). Indigenous |
5.725 |
|
c). Stores/ Packing |
0.000 |
|
|
|
|
ii) Other Spares |
|
|
a) Imported |
-- |
|
b) Indigenous |
0.000 |
|
|
|
|
iii) Power and Fuel |
0.000 |
|
iv) Direct Labour (Factory Wages and
Salaries) |
0.150 |
|
v) Other Manufacturing Expenses (Including
repair and Maintenance) |
0.000 |
|
vi) Depreciation |
0.000 |
|
vii) Add Opening Stocks in Process |
0.000 |
|
viii) Deduct: Closing Stocks in Process |
0.000 |
|
ix) Cost of
Production |
5.875 |
|
x) Add: Opening stocks of Finished Goods |
1.140 |
|
SUB – TOTAL |
7.015 |
|
xi) Deduct: Closing stocks of Finished goods |
1.500 |
|
xii) SUB-TOTAL (Total cost of Sales) |
5.515 |
|
|
|
|
6. i) Selling, General and Administrative Expenses and Rent |
0.050 |
|
7. SUB TOTAL (5+6) |
5.565 |
|
8. Operating Profit
before Interest |
0.435 |
|
9. Interest |
0.243 |
|
10. Operating Profit after Interest (8-9) |
0.192 |
|
11. i) Add Other Non-Operating Income |
0.000 |
|
|
|
|
SUB – TOTAL |
0.000 |
|
|
|
|
ii) Deduct other non Operating expenses |
0.000 |
|
a). Public Issue/ Misc. Exp. Written Off |
0.000 |
|
b) Prior Period Expenses |
0.000 |
|
|
|
|
SUB – TOTAL |
0.000 |
|
|
|
|
iii) Net of Other Non-Operating Income/ Expenses (Net of 11 (i) and 11 (ii)) |
0.000 |
|
|
|
|
12. Profit / (Loss) before tax |
0.192 |
|
|
|
|
13. Provision for Taxes / Deferred Tax Liabilities |
0.000 |
|
|
|
|
14. Net Profit/ Loss (12-13) |
0.192 |
|
|
|
|
15. (a) Transfer to General Reserve |
0.000 |
|
(b) Dividend Rate |
0.000 |
|
(c) Dividend Amount |
0.000 |
|
Dividend Tax |
0.000 |
|
Prior Period Adjustments (Depreciation Written Back) |
0.000 |
|
16. Retained Profit (14-15) |
0.192 |
|
17. Retained Profit/ Net Profit (%age) |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 |
|
(ESTIMATE) |
||
|
|
LIABILITIES: |
|
|
|
CURRENT LIABILITIES: |
|
|
1. |
Short Term Borrowings From Banks (Including bill
purchased/ discounted and excess borrowing placed on repayment basis) |
|
|
|
i) From Applicant Bank |
1.200 |
|
|
ii) From Other Banks |
-- |
|
|
iii) Of which Bill
purchased of Bill Discounted |
-- |
|
|
SUB TOTAL (A) |
1.200 |
|
|
|
|
|
2. |
Short Term Borrowings
From Others |
0.000 |
|
3. |
Sundry Creditors –
(Trade) |
0.000 |
|
4. |
Advance Payments from Customers/
Deposits from Dealers |
0.000 |
|
5. |
Provision for Taxation |
0.000 |
|
6. |
Dividend Payable |
0.000 |
|
7. |
Other Statutory
Liabilities ( Due within 1 year) |
0.000 |
|
8. |
Deposits/ Installments of
Term Loan/ DPG’s/ Debentures, etc. (due within 1 year) |
0.000 |
|
9. |
Other Current Liabilities
and Provisions (Due within 1 year) – Specify major items |
0.000 |
|
|
SUB TOTAL (B) |
0.000 |
|
|
|
|
|
10. |
TOTAL CURRENT LIABILITIES (Total of 1 to
9) |
1.200 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
11. |
Debentures (not maturing
within one year) |
0.000 |
|
12. |
Preference Shares
(Redeemable after one year) |
0.000 |
|
13. |
Term Loan (excluding
instalments payable within one year) |
0.000 |
|
14. |
Term Deposits (repayable
after one year) |
0.000 |
|
15. |
Unsecured Loans |
0.000 |
|
16. |
Other Term Liabilities |
0.000 |
|
17. |
TOTAL TERM LIABILITIE
(Total of 11 to 16) |
0.000 |
|
|
|
|
|
18. |
TOTAL OUT SIDE
LAIBILITIES LIABILITIES (10+17) |
1.200 |
|
|
|
|
|
|
NET WORTH |
|
|
19. |
Equity Share Capital |
1.500 |
|
20. |
General Reserves |
0.000 |
|
21. |
Revaluation Reserves/ Investment Allw. Reserves/ Amalgamation Reserve |
0.000 |
|
22. |
Deferred Tax Liability |
0.000 |
|
|
Addition/ Withdrawals |
0.000 |
|
23. |
Surplus (+) Deficit (-) in Profit and Loss A/c |
0.000 |
|
24. |
NET
WORTH |
1.500 |
|
25. |
TOTAL
LIABILITIES (18+24) |
2.700 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
26. |
Cash & Bank Balances |
0.210 |
|
27. |
Investments (Other than
Long Term Investments) |
|
|
|
i) Government and Other
Securities |
0.000 |
|
|
ii) Fixed deposits with
banks |
0.000 |
|
28. |
Receivables other than
deferred and exports (Including bills purchased
and discounted by banks) |
0.950 |
|
29. |
Instalments of Deferred
Receivables (due within one year) |
0.000 |
|
30. |
Inventory |
|
|
|
i) Raw Materials
(including Stores and other items used in the process of manufacture) |
|
|
|
a) Imported |
0.000 |
|
|
b) Indigenous |
0.000 |
|
|
c) Stores/ Chemicals/
Packing Items |
0.000 |
|
|
|
|
|
|
ii) Stocks in Process |
0.000 |
|
|
iii) Finished Goods |
1.500 |
|
|
iv) Other Consumable
Spares |
|
|
|
a) Imported |
0.000 |
|
|
b) Indigenous |
0.000 |
|
|
|
|
|
31. |
Advances to suppliers of
raw materials and stores and spares |
0.000 |
|
|
|
|
|
32. |
Advance Payment of Taxes |
0.000 |
|
|
|
|
|
33. |
Other Current Assets
(specify major items) |
0.000 |
|
|
|
|
|
34. |
TOTAL CURRENT
ASSETS (Total of 26 to 33) |
2.660 |
|
|
|
|
|
|
FIXED ASSETS |
|
|
35. |
Gross Block (Land and Building, Machinery, work in progress) |
0.000 |
|
36. |
Depreciation to date |
0.000 |
|
37. |
NET BLOCK (35-36) |
0.000 |
|
|
|
|
|
|
OTHER NON CURRENT ASSETS |
|
|
38. |
Investments/ Book debts/
Advances/ Deposits which are not current assets |
|
|
|
i) a) Investments in
Subsidiary Companies/ Affiliates |
-- |
|
|
b) Others |
0.020 |
|
|
|
|
|
|
ii) Advances to Suppliers
of Capital goods and Contractors |
0.000 |
|
|
|
|
|
|
iii) Deffered Receivables
(Maturity exceeding one year) |
0.000 |
|
|
|
|
|
39. |
Non Consumable Store and Spares |
0.000 |
|
|
|
|
|
40. |
Other Non-Current Assets including
dues from Directors |
0.020 |
|
|
|
|
|
41. |
TOTAL
OTHER NON-CURRENT ASSETS (Total of 38 to 40) |
0.040 |
|
|
|
|
|
42. |
Intangible Assets (Patents, Goodwill, Preliminary
Expenses, Bad Debts not provided for etc.) |
0.000 |
|
|
|
|
|
43. |
TOTAL
ASSETS (Total of 34, 37, 41 and 42) |
2.700 |
|
|
|
|
|
44. |
TANGIBLE
NET-WORTH INCLUDING QUASI EQUITY (24-42) |
1.500 |
|
|
|
|
|
45. |
NET WORKING CAPITAL
(17+24) – (37+41+42) |
1.460 |
|
|
To Tally with (34-10) |
1.460 |
|
|
|
|
|
46. |
CURRENT
RATION (ITEMS 34/10) |
2.22 |
|
|
|
|
|
47. |
Total
Outside liabilities/ Tangible Net Worth (18/44) |
0.80 |
|
|
|
|
|
|
Term Debt Equity Ratio |
0.00 |
|
|
|
|
|
|
TOL/
Quashi Equity |
0.80 |
|
|
ADDITIONAL INFORMATION |
|
|
|
Arrears of Depreciation |
|
|
|
Contingent Liabilities |
|
|
|
i) Arreares of Cumulative Dividend |
|
|
|
ii) Gratuity liability not Provided for |
|
|
|
iii) Disputed Excise/ Customs/ Tax Liabilities |
|
|
|
iv) Other Liabilities not provided for |
|
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 |
|
(ESTIMATE) |
||
|
|
CURRENT ASSETS |
|
|
1. |
Raw-Materials (including stores and other
items used in th process of manufacture) |
|
|
|
a) Imported |
0.000 |
|
|
Month’s Consumption |
-- |
|
|
|
|
|
|
b) Indigenous |
0.000 |
|
|
Month’s Consumption |
-- |
|
|
|
|
|
2. |
Other Consumable Spares – excluding those
included in above |
|
|
|
a) Imported |
0.000 |
|
|
Month’s Consumption |
-- |
|
|
|
|
|
|
b) Indigenous |
0.000 |
|
|
Month’s Consumption |
-- |
|
|
|
|
|
3. |
Stock in Process |
0.000 |
|
|
Month’s Cost of Production |
-- |
|
|
|
|
|
4. |
Finished Goods |
1.500 |
|
|
Month’s Cost of
Production |
3.23 |
|
|
|
|
|
5. |
Receivables other than Exports and Deferred
receivables (including bill purchased and discounted by Bankers) |
0.950 |
|
|
|
|
|
|
Month’s domestic sales, excluding deferred
payment sales |
-- |
|
|
|
|
|
6. |
Export Receivable (Including Bills Purchased and
discounted) |
0.000 |
|
|
|
|
|
|
Month’s Export Sales |
-- |
|
|
|
|
|
7. |
Advances to Suppliers of Raw-Materials and Stores, Spares and Consumables |
0.000 |
|
|
|
|
|
8. |
Other Current Assets, Including Cash and Bank Balance an Deferred Receivable due within one year (Specify major items) |
0.210 |
|
|
|
|
|
9. |
TOTAL CURRENT
ASSETS (To agree with item 34 in Form III) |
2.660 |
|
|
|
|
|
B. |
CURRENT
LIABILITIES (Other than Bank
Borrowings for Working Capital) |
|
|
|
|
|
|
10. |
Creditor for purchase of Raw-Materials, Stores, Spares and Consumables |
0.000 |
|
|
Months Purchase |
-- |
|
|
|
|
|
11. |
Advances from Customers |
0.000 |
|
|
|
|
|
12. |
Statutory Liabilities |
0.000 |
|
|
|
|
|
13. |
Other Current Liabilities (Specify major items) – Short term borrowings, Unsecured loans, dividends payable Installments of TL, DPG, Public Deposits, Debetures etc. |
0.000 |
|
|
|
|
|
14. |
TOTAL CURRENT LIABILITIES
(To agree with Sub Total – B in Form III) |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION FO MAXIMUM
PERMISSIBLE FINANCE FOR WORKING CAPITAL COMPARATIVE
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015 |
|
(ESTIMATE) |
||
|
|
|
|
|
1. |
Total Current Assets (9 in Form iv) |
2.600 |
|
|
|
|
|
2. |
Other Current Liabilities (Other than Bank
Borrowing) [14 of Form iv] |
0.000 |
|
|
|
|
|
3. |
Working Capital Gap (WCG 1-2) |
2.660 |
|
|
|
|
|
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) |
0.665 |
|
|
|
|
|
5. |
Actual/ Projected Net Working Capital (45
in From III) |
1.460 |
|
|
|
|
|
6. |
Item 3 Minus Item 4 |
1.995 |
|
|
|
|
|
7. |
Item 3 Minus Item 5 |
1.200 |
|
|
|
|
|
8. |
Maximum permissible Bank Finance (Item 6 or 7 whichever is lower) |
1.200 |
|
|
|
|
|
9. |
Excess of Borrowings (Representing short
fall in NWC) |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL
DETAILS |
||||||||||||||||||||||||||
|
Purpose
for which valuation is made |
To
ascertain Fair Market Value of Bank |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Date
as on which valuation is made |
28.07.2014 |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Name
of the Owner / Owners |
Mrs. Madhubala Kundanmal Kothari |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Brief description of the property |
The
subject building is Residential Building having Ground floor RCC frame
structure construction. The Gr. Floor consists of 1 BHK, Storeroom and open
space at backside. The Building is being used for residential purpose only |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Location, Street, Ward No. (Postal Address) |
Plot
No. 65, Satyanarayan Society, Opposite Mahavir Industrial Estate,
Bhestan-Dindoli Railway Crossing Road, R.S. No. 184, City Survey No. 762,
Moje. Bhestan District, Sub District Surat City – 2 (Udhana) |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Survey/Plot
No. of Land |
Plot
No. 65, Satyanarayan Society, Opposite Mahavir Industrial Estate,
Bhestan-Dindoli Railway Crossing Road, R.S. No. 184, City Survey No. 762,
Moje. Bhestan District, Sub District Surat City – 2 (Udhana) |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial
area? |
Mixed
Area |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Classification
of Locality – High class/ Middle class/ Poor class |
Middle
Class |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Proximity
to civic amenities like School, Hospitals, Offices, Market, Cinema, etc. |
All
Amenities are available nearby |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Means
of proximity to surface communication by which the locality is served |
Rickshaw,
Bus, Car, Taxi, etc. |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
LAND |
|
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Area
of land supported by documentary proof, shape, dimensions and physical
features |
71.53
Sq. Mts. i.e. 85.55 Sq. Yds. |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Roads,
street or lanes on which the land is abutting |
The
said property is located at internal road of the society |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Is
the freehold of leasehold land? |
Freehold
|
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Does
the land fall in an area included in any Town Planning Scheme or any
Development plan of Government or any statutory body? If So, give
particulars. |
Yes
|
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Attach
a dimensioned site plan |
The
Layout plan was approved by SMC and construction permission was given by
their permission No. TDO/419 dt. 15.10.1992. |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
IMPROMENTS |
|
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
Attach
plans and elevations of all structures standing on the land a layout plan |
As
Above |
|||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
|
i)
Is the building owner – occupied/ tenanted/ both? ii)
If partly owner-occupied, specify portion and extent of area under owner
occupation |
Self-Occupied |
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What
is the floor space index permissible and percentage actually utilized? |
As
per plan |
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SALES |
|
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|
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Give
instances of sale of immovable property in the locality on a separated sheet,
indicating the name and address of the property, registration No., sale price
and area of land sold |
Government
Reg. Rate for land is Rs. 15000/ Sq.M Therefore
land and construction cost works out to Rs. 1.375 Millions |
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Land
rate adopted in this valuation |
Rs.
18000/ Sq.Yd. |
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If
sale instances are not available or not relied upon, the basis of arriving at
the land rate |
From
local market with various land estate brokers |
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COST OF CONSTRUCTION |
|
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|
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Year
of commencement of construction and year of completion |
Year
2000, but renovated in the Year 2009 |
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|
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What
was the method of construction-by contract/by employing labor directly/both? |
By
the developer |
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VALUATION : In pursuance to the advice received from Bank of India, Bombay Market Branch, Umarwada, Surat to carry out Valuation of the property located at Plot No. 65, Satyanarayan Society, Opposite Mahavir Industrial Estate, Bhestan-Dindoli Railway Crossing Road, R.S. No. 184, City Survey No. 762, Moje Bhestan District, Sub District. Surat City – 2 (Udhana), they visited at the site and based upon our physical inspection, they now give their report of findings as under: The property is surrounded from all directions as under: In East: Plot No. 66 In West: Plot No. 64 In North: Plot No. 59 In South: Socity Internal Road The subject property is located in well developed area of Bhestan, Surat. The subject building is Ground floor with RCC frame structure, beam-columns, slabs and with simple elevation. Panel walls are made from 9” thk. Brick walls set in cement mortar and are finished with smooth plaster inside and distemper paint was made. Exterior walls are finished with double coat sand face plaster and colour wash paint was done. Considering location of the subject property, all facilities from local authorities, to the best of our knowledge, looking to the current prevailing market, nearby amenities etc. they have concluded the rate of valuation for land in such location hear considered as Rs. 18000/Sq.Yd. Therefore, total Valuation of the property is worked out as under: VALUATION OF LAND
AND CIVIL CONSTRUCTION WORK:
The Total Market Value
of the Property (Land and civil construction work) including facilities
available is Rs. 1.842 Millions. |
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TECHNICAL
DETAILS |
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No
of floors and height of each floor |
Ground
floor with 10 ft. ht. |
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|
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Built
up Area |
378
Sq.ft. as per approved plan |
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Year
of Construction |
2000,
but renovated in the year 2009 |
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Estimated
future life |
36
years, if further maintained properly |
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Type
of construction - load bearing
walls/RCC frame/ steel frame |
RCC
Frame Structure |
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Type
of foundations |
RCC |
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Walls
|
9”
thk. Brick Walls |
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Partition
|
4”
thk. Brick Walls |
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Door
and Windows |
Teakwood
frame with flush doors and wooden windows with MS safety grill |
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|
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Flooring
|
Mosaic
Tiles |
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Finishing
Floor-wise |
Inside
walls are finished with smooth plaster and distemper paint was made. Outside
walls with double coat sand face plaster was made |
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Roofing
and Terracing |
RCC
slab |
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Special
architectural or decorative features, if any |
Nil
|
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|
|
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(i)
Internal Wiring – Surface or conduit (ii)
Classification of fitting Superior/ Ordinary/ Poor |
Concealed
type domestic electrification |
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|
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Sanitary
Installation (a)
(i) No. of Water Closets (ii)
No. of Lavatory Basin (iii)
No. of Urinals (iv)
No. of Sinks (v)
No. of Bath Tubs (vi)
No. of Bidets (vii)
No. of Geysers (b)
Class of fittings |
3 -- 1 -- -- -- Ordinary |
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Compound
Walls: (i)
Height and Length (ii)
Type of Construction |
Backside
only 4 ft. ht. Brick
masonary wall made |
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No.
of lifts and capacity |
Nil |
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|
|
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Overhead
tank: (i)
Where located (ii)
Capacity |
Provided |
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|
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Pump
– No. and their horse power |
0 |
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Sewage
disposal – whether connected to public sewers. If septic tanks provided, No.
and capacity |
Connected
to local sewer line |
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|
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Special
or other works, if any |
Nil
|
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|
|
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|
Present
conditions |
Average
working condition |
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------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE
· Gayatri Agency
Nitinbhai (Mob. No.: 91-9825715320)
Jindal
Trading Company
Mob. No.: 91-9099240002
Shubhlaxmi
Trading Company
Mob. No.: 91-9033006041
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.60.47 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.