MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KESHAV SOUND |
|
|
|
|
Registered
Office : |
Unit 117, Vashupujya Estate, Laxmi Nagar, Goregaon (West), Mumbai – 400104, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 (Provisional) |
|
|
|
|
Year of
Establishment : |
March, 2008 |
|
|
|
|
Capital
Investment : |
Rs. 28.028 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AHBPG0162B |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer of Audio and Video Equipments. |
|
|
|
|
No. of Employees
: |
98 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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. General financial position of the concern is normal and acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The concern can be considered normal for 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
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 wilfully 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. Gangesh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-8452848983 |
|
Date : |
15.09.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Unit 117, Vashupujya Estate, Laxmi Nagar, Goregaon (West), Mumbai – 400104, Maharashtra,
India |
|
Tel. No.: |
91-22-28771270 |
|
Mobile No.: |
91-8452848983 (Mr. Gangesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Ravi Shankar L
Gupta |
|
Designation : |
Proprietor |
|
Address : |
303, D Wing, Palm Spring, Link Road, Malad
(West), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1981 |
|
Qualification : |
Graduate |
|
PAN No.: |
AHBPG0162B |
KEY EXECUTIVES
|
Name : |
Mr. Gangesh |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Audio and Video Equipments. |
|
|
|
|
Terms : |
|
|
|
|
|
Purchasing : |
Credit (90 Days) |
GENERAL INFORMATION
|
No. of Employees : |
98 (Approximately) |
|
|
|
|
Bankers : |
Bank of India, Churchgate, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. Vithalani and Company Chartered Accountants |
|
Address : |
246, Shree Naman
Plaza, S. V. Road, Kandivli (West), Mumbai –
400067, Maharashtra, India |
CAPITAL STRUCTURE
As on 31.03.2014
(PROVISIONAL)
|
Capital Investment : |
|
|
Owned : |
Rs. 28.028 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 28.028 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 |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
28.028 |
24.931 |
19.412 |
|
|
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 |
28.028 |
24.931 |
19.412 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.448 |
18.656 |
21.647 |
|
|
2] Unsecured Loans |
20.388 |
8.340 |
5.054 |
|
|
TOTAL BORROWING |
38.836 |
26.996 |
26.701 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
66.864 |
51.927 |
46.113 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
54.253 |
46.199 |
49.122 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.878 |
0.878 |
1.366 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
13.065
|
7.049 |
8.415 |
|
|
Cash & Bank Balances |
0.285
|
0.080 |
0.012 |
|
|
Other Current Assets |
2.230
|
0.020 |
0.095 |
|
|
Loans & Advances |
0.886
|
0.729 |
1.316 |
|
Total
Current Assets |
16.466
|
7.878 |
9.838 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.267
|
0.066 |
6.100 |
|
|
Other Current Liabilities |
0.815
|
0.897 |
5.132 |
|
|
Provisions |
0.651
|
2.065 |
2.981 |
|
Total
Current Liabilities |
5.733
|
3.028 |
14.213 |
|
|
Net Current Assets |
10.733
|
4.850 |
(4.375) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
66.864 |
51.927 |
46.113 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18.332 |
16.639 |
18.664 |
|
|
|
Other Income |
0.634 |
0.973 |
0.160 |
|
|
|
TOTAL |
18.966 |
17.612 |
18.824 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
5.014 |
1.686 |
1.315 |
|
|
|
Attendant Charges |
0.255 |
1.517 |
1.146 |
|
|
|
Bank Charges |
0.065 |
0.000 |
0.032 |
|
|
|
Bank Interest (OD) |
0.012 |
0.000 |
0.000 |
|
|
|
Camera Insurance |
0.133 |
0.223 |
0.147 |
|
|
|
Conveyance Expense |
0.001 |
0.004 |
0.296 |
|
|
|
Discount Allowed |
0.033 |
0.111 |
0.095 |
|
|
|
Electric Charges |
0.053 |
0.035 |
0.069 |
|
|
|
Insurance of Camera |
0.169 |
0.000 |
0.000 |
|
|
|
Interest on OD |
0.037 |
0.000 |
0.000 |
|
|
|
Interest on Od FD |
0.041 |
0.000 |
0.000 |
|
|
|
Interest on Car Loan |
0.095 |
0.032 |
0.000 |
|
|
|
Interest on Gold Loan |
0.150 |
0.000 |
0.000 |
|
|
|
Miscellaneous Expense |
0.010 |
0.068 |
0.059 |
|
|
|
Printing and Stationery Expense |
0.008 |
0.006 |
0.064 |
|
|
|
Processing Fees |
0.061 |
0.000 |
0.020 |
|
|
|
Repair and Maintenance Expense |
0.187 |
0.213 |
0.323 |
|
|
|
Salary Expense |
0.419 |
0.792 |
0.376 |
|
|
|
Telephone and Mobile Charges |
0.103 |
0.030 |
0.117 |
|
|
|
Travelling Expense |
0.120 |
0.214 |
0.096 |
|
|
|
Other Expenses |
2.902 |
4.055 |
4.106 |
|
|
|
TOTAL |
9.868 |
8.986 |
8.261 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.098 |
8.626 |
10.563 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.588 |
6.331 |
6.722 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
2.510 |
2.295 |
3.841 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (Provisional) |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
13.23 |
13.03 |
20.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.69 |
13.79 |
20.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.55
|
4.24 |
6.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.39
|
1.08 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.87
|
2.60 |
0.69 |
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) |
|
Proprietors Capital |
19.412 |
24.931 |
28.028 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
19.412 |
24.931 |
28.028 |
|
|
|
|
|
|
Secured Loans |
21.647 |
18.656 |
18.448 |
|
Unsecured Loans |
5.054 |
8.34 |
20.388 |
|
Total
borrowings |
26.701 |
26.996 |
38.836 |
|
Debt/Equity
ratio |
1.375 |
1.083 |
1.386 |
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 |
18.664 |
16.639 |
18.332 |
|
|
|
-10.850 |
10.175 |
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 |
18.664 |
16.639 |
18.332 |
|
Profit |
3.841 |
2.295 |
2.510 |
|
|
20.58% |
13.79% |
13.69% |
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 |
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 |
------------------------------------------------------------------------------------------------------------------------------
MR. RAVI SHANKAR L GUPTA
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2013 |
||
|
Profits and Gains from Business and Profession |
|
|
2.295 |
|
|
|
|
|
|
Profit before tax as per profit and loss account |
|
2.295 |
|
|
Add: Depreciation Disallowed |
|
6.331 |
|
|
|
|
8.626 |
|
|
Less: Allowed Depreciation |
|
(6.331) |
|
|
|
|
2.295 |
|
|
Income from Other
Sources |
|
|
0.002 |
|
Interest |
|
0.002 |
|
|
Dividend from Units |
0.000 |
|
|
|
Less Exempt u/s 10 |
0.000 |
|
|
|
|
|
|
|
|
Total |
|
0.002 |
|
|
|
|
|
|
|
Gross Total Income |
|
|
2.297 |
|
|
|
|
|
|
Less Deductions under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.065 |
|
|
80TTA Interest on deposits in savings account |
|
0.002 |
|
|
Total Deductions |
|
|
0.067 |
|
Total Income |
|
|
2.230 |
|
Total Income Rounded off u/s 288A |
|
|
2.230 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
|
Nil |
|
|
Tax on Rs. 0.300 Million (0.500 Million - 0.200 Million) @ 10% |
|
0.030 |
|
|
Tax on Rs. 0.600 Million (1.000 Million - 0.500 Million) @ 20% |
|
0.100 |
|
|
Tax on Rs. 0.230 Million (2.230 Million – 1.000 Million) @ 30% |
|
0.389 |
|
|
Tax on Rs. 2.230 Millions |
|
|
0.499 |
|
|
|
|
0.499 |
|
Add: Education Cess @ 2% |
|
|
0.010 |
|
|
|
|
0.509 |
|
Add: Secondary and Higher Education Cess @ 1% |
|
|
0.005 |
|
|
|
|
0.514 |
|
Less Tax Deducted at Source |
|
|
|
|
Contractors and Sub-Contractors |
|
0.013 |
|
|
Fees for Professional or Technical Services |
|
0.004 |
|
|
Rent |
|
0.281 |
0.298 |
|
|
|
|
0.216 |
|
Add Interest Payable |
|
|
|
|
Interest U/S 234B |
|
0.013 |
|
|
Interest U/S 234C |
|
0.008 |
0.021 |
|
|
|
|
0.237 |
|
Tax Payable |
|
|
0.237 |
|
Tax Rounded Off U/s 288B |
|
|
0.237 |
|
|
|
|
|
|
Excepted Income |
|
|
|
|
Income from mutual fund U/s 10(35) |
|
|
0.001 |
|
|
|
|
0.001 |
|
Detail of Deduction U/S 80C |
|
|
|
|
LIC |
|
|
0.035 |
|
School Fees |
|
|
0.030 |
|
Total |
|
|
0.065 |
------------------------------------------------------------------------------------------------------------------------------
MR. RAVISHANKAR GUPTA
PROVISIONAL BALANCE SHEET AS ON YEAR 31ST
MARCH 2013
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
|
|
23.799 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
23.799 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
17.955 |
|
|
2] Unsecured Loans |
|
|
10.123 |
|
|
TOTAL BORROWING |
|
|
28.078 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
51.877 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
46.137 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.100 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
7.195 |
|
|
Cash & Bank Balances |
|
|
0.391 |
|
|
Other Current Assets |
|
|
1.273 |
|
|
Loans & Advances |
|
|
0.010 |
|
Total
Current Assets |
|
|
8.869 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.056 |
|
|
Other Current Liabilities |
|
|
0.921 |
|
|
Provisions |
|
|
2.252 |
|
Total
Current Liabilities |
|
|
3.229 |
|
|
Net Current Assets |
|
|
5.640 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
51.877 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. RAVISHANKAR GUPTA
PROVISIONAL PROFIT AND LOSS ACCOUNT FOR THE YEAR
31ST MARCH 2013
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
16.324 |
|
|
|
Other Income |
|
|
0.973 |
|
|
|
TOTAL |
|
|
17.297 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
1.867 |
|
|
|
Intrest on Loan |
|
|
0.032 |
|
|
|
Attendent Charges |
|
|
1.567 |
|
|
|
Bank Charges |
|
|
0.021 |
|
|
|
Bank Interest(OD) |
|
|
0.013 |
|
|
|
Broker |
|
|
0.042 |
|
|
|
Business and Promotion Expense |
|
|
0.203 |
|
|
|
Income tax |
|
|
0.288 |
|
|
|
Camera Insurance |
|
|
0.066 |
|
|
|
Conveyance Exp. |
|
|
0.004 |
|
|
|
Courier and Fax Expense |
|
|
0.002 |
|
|
|
Discount Allowed |
|
|
0.103 |
|
|
|
Diwali Bonus |
|
|
0.029 |
|
|
|
Electric Charges |
|
|
0.035 |
|
|
|
Interest on BMC Bank Gold Loan |
|
|
0.005 |
|
|
|
Interest on Car Loan |
|
|
0.090 |
|
|
|
Repair and Maintenance Expense |
|
|
0.213 |
|
|
|
Salary Expense |
|
|
0.692 |
|
|
|
Staff Welfare Expense |
|
|
0.002 |
|
|
|
Telephone and Mobile Charges |
|
|
0.030 |
|
|
|
Travelling Expense |
|
|
0.109 |
|
|
|
Other Expenses |
|
|
3.416 |
|
|
|
TOTAL |
|
|
8.829 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
8.468 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
6.301 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
2.167 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF DCSR
(RS. IN MILLIONS)
|
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
Net Profit after tax |
3.156 |
4.630 |
7.221 |
9.411 |
11.340 |
11.227 |
|
|
|
|
|
|
|
|
|
Interest |
4.807 |
4.761 |
3.832 |
2.762 |
1.960 |
1.397 |
|
|
|
|
|
|
|
|
|
Depreciation |
9.500 |
9.500 |
8.000 |
7.000 |
6.000 |
6.000 |
|
|
|
|
|
|
|
|
|
Net Profit (Before Tax ) before Interest
& Depreciation |
17.463 |
18.891 |
19.053 |
19.173 |
19.301 |
17.624 |
|
|
|
|
|
|
|
|
|
Repayment Obligation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan |
4.295 |
6.039 |
6.968 |
7.510 |
3.704 |
4.267 |
|
|
|
|
|
|
|
|
|
Interest |
4.807 |
4.761 |
3.832 |
2.762 |
1.960 |
1.367 |
|
|
|
|
|
|
|
|
|
Total |
9.102 |
10.800 |
10.800 |
10.272 |
5.664 |
5.664 |
|
|
|
|
|
|
|
|
|
DSCR |
1.92 |
1.75 |
1.76 |
1.87 |
3.41 |
3.11 |
|
|
|
|
|
|
|
|
|
AVRG DSCR |
2.73 |
|||||
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
|
|
ESTIMAT ES |
PROJECTION |
||||
|
|
|
|
|
|
|
|
|
|
1. |
Gross Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
l)Hire /Rent charges etc. |
40.700 |
47.500 |
50.000 |
53.500 |
56.500 |
56.500 |
|
|
|
|
|
|
|
|
|
|
|
ii) Other reimbursement |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
40.700 |
47.500 |
50.000 |
53.500 |
56.500 |
56.500 |
|
|
|
|
|
|
|
|
|
|
2. |
Less : Excise/service tax |
4.500 |
4.700 |
5.000 |
6.000 |
6.500 |
6.500 |
|
|
|
|
|
|
|
|
|
|
3. |
Net Sales(item 1 minus item 2) |
36.200 |
42.800 |
45.000 |
47.500 |
50.000 |
50.000 |
|
|
|
|
|
|
|
|
|
|
4. |
% age rise in net sales as compared to prev.
year |
90.87 |
18.23 |
5.14 |
5.56 |
5.26 |
0.00 |
|
|
|
|
|
|
|
|
|
|
5. |
Cost of Sales: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Raw-materials(including stores and other items used in the process of manufacture) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(a) imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(b)Hire and Atten Services |
9.500 |
11.500 |
12.000 |
13.000 |
14.000 |
15.000 |
|
|
|
|
|
|
|
|
|
|
|
ii) Other spares |
|
|
|
|
|
|
|
|
(a) imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(b) indigenous |
0.700 |
0.800 |
0.900 |
1.000 |
1.100 |
1.200 |
|
|
|
|
|
|
|
|
|
|
|
iii) Power and fuel |
0.100 |
0.125 |
0.150 |
0.175 |
0.200 |
0.225 |
|
|
|
|
|
|
|
|
|
|
|
iv) Manpower cost |
1.500 |
1.800 |
2.000 |
2.200 |
2.500 |
3.000 |
|
|
|
|
|
|
|
|
|
|
|
v) Other operating cost |
0.900 |
1.100 |
1.200 |
1.300 |
1.400 |
1.500 |
|
|
|
|
|
|
|
|
|
|
|
vi) Depreciation |
9.500 |
9.500 |
8.000 |
7.000 |
6.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
|
vii) Sub-total(item i to vi) |
22.200 |
24.825 |
24.250 |
24.675 |
25.200 |
25.925 |
|
|
|
|
|
|
|
|
|
|
|
ix) Add: Opening stocks in process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total |
22.200 |
24.825 |
24.250 |
24.675 |
25.200 |
25.925 |
|
|
|
|
|
|
|
|
|
|
|
x) Deduct: Closing stocks in process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
xi) Sub-Total |
22.200 |
24.825 |
24.250 |
24.675 |
25.200 |
25.925 |
|
|
|
|
|
|
|
|
|
|
|
xii) Add: Opening stocks of finished goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total |
22.200 |
24.825 |
24.250 |
24.675 |
25.200 |
25.925 |
|
|
|
|
|
|
|
|
|
|
|
xiii) Deduct: Closing stocks of finished goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
xiv) Sub-Total (Total cost of sales) |
22.200 |
24.825 |
24.250 |
24.675 |
25.200 |
25.925 |
|
|
|
|
|
|
|
|
|
|
6. |
Selling, general and administrative expenses |
0.453 |
0.535 |
0.563 |
0.594 |
0.625 |
0.625 |
|
|
|
|
|
|
|
|
|
|
7 |
SUB-TOTAL |
22.653 |
25.360 |
24.813 |
25.269 |
25.825 |
26.550 |
|
|
|
|
|
|
|
|
|
|
8. |
Operating Profit Before Interest (3-7) |
13.547 |
17.440 |
20.187 |
22.231 |
24.175 |
23.450 |
|
|
|
|
|
|
|
|
|
|
9. |
Interest |
5.182 |
5.111 |
4.157 |
3.072 |
2.260 |
1.697 |
|
|
|
|
|
|
|
|
|
|
10. |
Operating Profit /(Loss) after Interest (8-9) |
8.366 |
12.329 |
16.030 |
19.159 |
21.915 |
21.753 |
|
|
|
|
|
|
|
|
|
|
11. |
Other income/expenses Sub-Total (+/-) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
12. |
Profit before tax/(Loss) [10+11(iii)] |
8.366 |
12.329 |
16.030 |
19.159 |
21.915 |
21.753 |
|
|
|
|
|
|
|
|
|
|
13. |
Provision for taxes |
2.510 |
3.699 |
4.809 |
5.748 |
6.574 |
6.526 |
|
|
|
|
|
|
|
|
|
|
14. |
Net Profit/loss (12-13) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15. |
(a) Withdrawals |
2.700 |
4.000 |
4.000 |
4.000 |
4.000 |
4.000 |
|
|
|
|
|
|
|
|
|
|
16. |
Retained Profit(14-15) |
3.156 |
4.630 |
7.221 |
9.411 |
11.340 |
11.227 |
|
|
|
|
|
|
|
|
|
|
18. |
Retaind Profit/Net Profit |
5.389 |
5.365 |
6.435 |
7.017 |
7.392 |
7.373 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
ESTIMAT ES |
PROJECTION |
||||||
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
CURRENT LIABILITIES: |
|
|
|
|
|
|
|
1. |
Short Term Borrowings From Banks (Including bill purchased/ discounted and excess borrowing placed on repayment basis) |
|
|
|
|
|
|
|
|
i) From Applicant Bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
ii) From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iii) Of which Bill purchased of Bill Discounted |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
SUB TOTAL (A) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
2. |
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
3. |
Sundry Creditors –
(Trade) |
0.400 |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
4. |
Advance Payments from
Customers/ Deposits from Dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
5. |
Provision for Taxation |
2.510 |
3.699 |
4.809 |
5.748 |
6.574 |
6.526 |
|
6. |
Dividend and Corp. Div. Tax payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
7. |
Other Statutory Liabilities (Due within 1 year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
8. |
Instalments of term loans/ deferred payments debentures/ redeemable preference shares due within one year) |
6.000 |
7.000 |
7.500 |
3.700 |
4.300 |
4.900 |
|
9. |
Other Current Liabilities and Provisions (Due within 1 year) – Specify major items |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
|
SUB TOTAL (B) |
9.110 |
11.199 |
12.809 |
9.948 |
11.374 |
11.926 |
|
|
|
|
|
|
|
|
|
|
10. |
TOTAL CURRENT LIABILITIES (Total of 1 to 9) |
9.110 |
11.199 |
12.809 |
9.948 |
11.374 |
11.926 |
|
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
11. |
Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
12. |
Loans from associates, friends promoters. (not maturing within one year, but of maturity not exceeding 12 years) |
13.579 |
13.579 |
13.579 |
13.579 |
13.579 |
13.579 |
|
13. |
Term Loan (exclusive instalments payable within
one year) |
29.696 |
22.696 |
15.196 |
11.496 |
7.196 |
2.296 |
|
14. |
Term Deposits (repayable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
15. |
Other term liabilities
etc |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
16. |
Total term liabilities |
43.275 |
36.275 |
28.775 |
25.075 |
20.775 |
15.875 |
|
17. |
Total outside Liabilities (item 10 plus item 17) |
52.385 |
47.474 |
41.574 |
35.0230 |
32.149 |
27.801 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
18 |
Share Capital |
15.607 |
15.607 |
15.607 |
15.607 |
15.607 |
15.607 |
|
19 |
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
20 |
Unsecuared loans from
Relatives etc |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
21 |
Other reserves (excluding provisions) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
22 |
Surplus(+) or deficit(-)in Profit and Loss
Account |
15.577 |
20.207 |
27.428 |
36.840 |
48.180 |
59.407 |
|
23 |
Others (specify) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
24. |
NET WORTH |
31.184 |
35.814 |
43.035 |
52.447 |
63.787 |
75.014 |
|
25. |
TOTAL LIABILITIES |
83.569 |
83.288 |
84.619 |
87.469 |
95.936 |
102.815 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
26. |
Cash and Bank Balances |
0.083 |
0.413 |
0.234 |
0.645 |
0.586 |
0.313 |
|
27. |
Investments (other than long term investments) |
|
|
|
|
|
|
|
|
(i) ICD/FD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(ii) Term deposits ag. FD |
2.600 |
3.800 |
5.000 |
6.200 |
7.400 |
8.600 |
|
|
|
|
|
|
|
|
|
|
28. |
(i)
Receivables other than deferred and exports receivables (Including bills purchased and discounted by banks) |
13.000 |
16.000 |
18.500 |
20.000 |
22.500 |
25.000 |
|
|
|
|
|
|
|
|
|
|
|
(ii) Export receivables (including
bills purchased and discounted by bankers) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
29. |
Instalments of Deferred
Receivables (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
30. |
Inventory |
|
|
|
|
|
|
|
|
i) Raw
Materials (including Stores and other items used in the process of
manufacture) |
|
|
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous (including packing material Packing material) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
ii) Stocks in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iii) Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iv) Other Consumable |
|
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
b) Indigenous |
0.000 |
0.000 |
1.500 |
3.000 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
|
|
31. |
Advances to suppliers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
1.500 |
|
|
|
|
|
|
|
|
|
|
32. |
Advance Payment of Taxes |
2.510 |
5.199 |
6.009 |
6.748 |
7.074 |
7.526 |
|
|
|
|
|
|
|
|
|
|
33. |
Other Current Assets |
0.000 |
1.500 |
1.500 |
1.500 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
|
|
DEPOSITS |
0.000 |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
|
|
34. |
TOTAL CURRENT ASSETS (Total of 26 to 33) |
18.193 |
27.4152 |
33.243 |
38.593 |
43.060 |
48.439 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
35. |
Gross Block (Land and Building, Machinery, constr. In progress etc.) construction-progress, etc) |
97.563 |
97.563 |
97.563 |
97.563 |
97.563 |
97.563 |
|
36. |
Depreciation to date |
32.810 |
42.310 |
50.310 |
57.310 |
63.310 |
68.310 |
|
37. |
NET BLOCK (35-36) |
64.753 |
55.253 |
47.253 |
40.253 |
34.253 |
29.253 |
|
|
|
|
|
|
|
|
|
|
|
OTHER NON CURRENT ASSETS |
|
|
|
|
|
|
|
38. |
Investments/ Book debts/
Advances/ Deposits which are not current assets |
|
|
|
|
|
|
|
|
i) a)
Investments in Subsidiary Companies/ Affiliates |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
|
|
b) Other Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
c) Others |
0.523 |
0.523 |
0.523 |
0.523 |
0.523 |
0.523 |
|
|
|
|
|
|
|
|
|
|
|
ii) Advances to Suppliers of Capital goods/ spares and Contractors for capital expenditure |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
iii) Upgradation
Reserves (other than those
maturing within one year ) |
0.000 |
0.000 |
3.500 |
8.000 |
18.000 |
24.500 |
|
|
|
|
|
|
|
|
|
|
39. |
Non-Consumable Stores and Spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
40. |
Other miscellaneous assets
including dues from directors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
41. |
TOTAL OTHER NON-CURRENT ASSETS |
0.623 |
0.623 |
4.123 |
8.623 |
18.623 |
25.123 |
|
|
|
|
|
|
|
|
|
|
42. |
Intangible Assets (Patents, Goodwill, Preliminary Expenses, and formation expenses, bad and doubtful debts not provided for, etc.) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
43. |
TOTAL ASSETS (Total of 34+37+41+42) |
83.569 |
83.288 |
84.619 |
87.469 |
95.936 |
102.815 |
|
|
|
|
|
|
|
|
|
|
44. |
TANGIBLE NET-WORTH (24-42) |
31.184 |
35.814 |
43.035 |
52.447 |
63.787 |
75.014 |
|
|
|
|
|
|
|
|
|
|
45. |
NET WORKING CAPITAL (17+24) – (37+41+42) |
9.083 |
16.213 |
20.434 |
28.646 |
31.686 |
36.513 |
|
|
|
|
|
|
|
|
|
|
46. |
CURRENT RATIO |
2.00 |
2.45 |
2.60 |
3.88 |
3.79 |
4.06 |
|
|
|
|
|
|
|
|
|
|
47. |
Total Outside liabilities/ Tangible Net Worth |
1.68 |
1.33 |
0.97 |
0.67 |
0.50 |
0.37 |
|
|
|
|
|
|
|
|
|
|
48. |
Total Term Liabilities/ Tangible Net Worth |
1.39 |
1.01 |
0.67 |
0.48 |
0.33 |
0.21 |
|
|
|
|
|
|
|
|
|
|
49 |
Net Sales / Total Tangible Assets |
0.43 |
0.51 |
0.53 |
0.54 |
0.52 |
0.49 |
|
|
|
|
|
|
|
|
|
|
50 |
Return on Assets (PBT/Total
Tangible Assets) |
0.10 |
0.15 |
0.19 |
0.22 |
0.23 |
0.21 |
|
|
|
|
|
|
|
|
|
|
51 |
Operating Costs/Sales |
0.08 |
0.08 |
0.09 |
0.09 |
0.09 |
0.11 |
|
|
|
|
|
|
|
|
|
|
52 |
Bank Finance /Current Assets |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
53 |
Inventory & Receivables / Sales |
0.36 |
0.37 |
0.44 |
0.48 |
0.52 |
0.57 |
|
|
|
|
|
|
|
|
|
|
|
IRR |
83.66 |
123.29 |
160.30 |
191.59 |
219.15 |
217.53 |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
PROJECTION |
||||||
|
Profit before tax (item 10 part A of Form
II) |
8.366 |
12.329 |
16.030 |
19.159 |
21.915 |
21.756 |
|
|
|
|
|
|
|
|
|
Add : Depreciation (item 4 (vii) of part of Form II) |
9.500 |
9.500 |
8.000 |
7.000 |
6.000 |
5.000 |
|
|
|
|
|
|
|
|
|
Gross funds generated |
17.866 |
21.829 |
24.030 |
26.159 |
27.915 |
26.753 |
|
|
|
|
|
|
|
|
|
Less : taxes paid/payable (relating to the year) |
2.510 |
3.699 |
4.809 |
5.748 |
6.574 |
6.526 |
|
|
|
|
|
|
|
|
|
Less : Withdrawals (relating to the year) |
2.700 |
4.000 |
4.000 |
4.000 |
4.000 |
4.000 |
|
|
|
|
|
|
|
|
|
A. Sub-Total - Net funds generated |
12.656 |
14.130 |
15.221 |
16.411 |
17.340 |
16.227 |
|
|
|
|
|
|
|
|
|
Increase in capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in Quasi capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in InTangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in term loans/Debentures |
14.385 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in Public Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
B. Sub-Total |
14.385 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in short term bank borrowings (including bills purchased and
discounted by bankers) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in current liabilities cap. crs. |
0.000 |
1.089 |
1.111 |
0.939 |
0.827 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in other current liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in Inventory |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in receivables (including bills purchased and discounted by
bankers) |
0.065 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in other current assets (including cash and bank balances) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in other non-Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
C. Sub-Total |
0.065 |
1.089 |
1.111 |
0.939 |
0.827 |
0.000 |
|
|
|
|
|
|
|
|
|
Total funds available (A + B + C) |
27.106 |
15.219 |
16.332 |
17.350 |
18.167 |
16.227 |
|
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in fixed assets |
20.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in term loan/Debentures |
3.945 |
6.000 |
7.000 |
7.500 |
3.700 |
4.300 |
|
|
|
|
|
|
|
|
|
Decrease in public deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in Intangible Assets etc. (share issue expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in other non-current assets |
0.000 |
0.000 |
3.500 |
4.500 |
10.000 |
6.500 |
|
|
|
|
|
|
|
|
|
D. Sub-Total |
23.945 |
6.000 |
10.500 |
12.000 |
13.700 |
10.800 |
|
|
|
|
|
|
|
|
|
Decrease in short term bank borrowings (including bills purchased and
discounted by bankers) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Decrease in current liabilities |
2.172 |
0.000 |
0.000 |
0.000 |
0.000 |
0.048 |
|
|
|
|
|
|
|
|
|
Decrease in other Current Liabilities |
0.452 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in Inventory |
0.000 |
0.000 |
1.500 |
1.500 |
0.500 |
0.000 |
|
|
|
|
|
|
|
|
|
Increase in receivables (including bills purchased and discounted by
bankers) |
0.000 |
3.000 |
2.500 |
1.500 |
2.500 |
2.500 |
|
|
|
|
|
|
|
|
|
Increase in other current assets (including cash and bank balances) |
0.537 |
6.219 |
1.832 |
2.350 |
1.467 |
2.879 |
|
|
|
|
|
|
|
|
|
E. Sub-Total |
3.161 |
9.219 |
5.832 |
5.350 |
4.467 |
5.427 |
|
|
|
|
|
|
|
|
|
SUMMARY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long term sources (A + B) |
27.041 |
14.130 |
15.221 |
16.411 |
17.340 |
16.227 |
|
|
|
|
|
|
|
|
|
Long term uses (D) |
23.945 |
6.000 |
10.500 |
12.000 |
13.700 |
10.800 |
|
|
|
|
|
|
|
|
|
Surplus[+]/ Short fall (-) |
3.096 |
8.130 |
4.721 |
4.411 |
3640 |
5.427 |
|
|
|
|
|
|
|
|
|
Short term sources (C) |
0.065 |
1.089 |
1.111 |
0.939 |
0.827 |
0.000 |
|
|
|
|
|
|
|
|
|
Less short term uses (E) |
3.161 |
9.219 |
5.832 |
5.350 |
4.467 |
5.427 |
|
|
|
|
|
|
|
|
|
Surplus [+] / Short fall [-] |
(3.096) |
(8.130) |
(4.721) |
(4.411) |
(3.640) |
(5.427) |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
PROJECTION |
|||||||
|
I |
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I |
Raw materials (including stores & other items used in the process
of manufacture) |
|
|
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(months' consumption) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(months' consumption) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
ii |
Other consumable spares excluding those included under item (i) (% of total inventory and months' consumption) (See
Note iv and vii) |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
iii |
Stocks-in-process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(months' cost of production) (See Note iv and v) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
iv |
Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(months' cost of sales) (See Note iv) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
v |
Receivables other than export and deferred receivables (including
bills purchased and discounted by bankers) |
13.000 |
16.000 |
18.500 |
20.000 |
22.500 |
25.000 |
|
|
(months' domestic sales excluding deferred payment sales) |
3.83 |
4.04 |
4.44 |
4.49 |
4.78 |
5.31 |
|
|
|
|
|
|
|
|
|
|
vi |
Export receivables (including bills purchased and discounted by
bankers) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(months' export sales) (See Note iv & xvii) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
vii |
Advances to suppliers of raw materials etc. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Other current assets including cash and bank balances and deferred
receivables due within year (major items to be specified individually) |
5.193 |
9.912 |
11.743 |
14.093 |
15.560 |
16.939 |
|
|
|
|
|
|
|
|
|
|
|
Total Current Assets (to agree with item 34 in Form IIIA) |
15.193 |
25.912 |
31.743 |
37.093 |
41.560 |
46.939 |
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
II |
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i |
Creditors for purchases of raw materials & stores and consumable
spares |
0.400 |
0.300 |
0.300 |
0.300 |
0.300 |
0.300 |
|
|
(months' purchases) (See Note iv) specified individually) |
0.41 |
0.26 |
0.24 |
0.22 |
0.20 |
0.19 |
|
|
|
|
|
|
|
|
|
|
ii |
Advances from customers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
iii |
Accrued expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
iv |
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
v |
Other current liabilities (major items to be specified individually)
(See Note xviii) |
2.710 |
3.899 |
5.009 |
5.948 |
6.774 |
6.726 |
|
|
|
|
|
|
|
|
|
|
|
Sub-Total (to agree with sub-total(B)in form IIIA) |
3.110 |
4.199 |
5.309 |
6.248 |
7.074 |
7.026 |
|
|
|
|
|
|
|
|
|
|
III |
Working capital gap (I minus II) |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
|
|
|
|
|
|
|
|
|
|
IV |
Actual/projected bank borrowings for working capital including bills
purchased and discounted and excess borrowings placed on repayment basis (to
agree with sub-total (A) in form IIIA) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
V |
Total current liabilities (II + IV)(to agree with item 13 in Form IIIA) |
3.110 |
4.199 |
5.309 |
6.248 |
7.074 |
7.026 |
|
|
|
|
|
|
|
|
|
|
VI |
Net working capital (I minus V)(to agree with item 49 in Form IIIA) |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION FO MAXIMUM
PERMISSIBLE FINANCE FOR WORKING CAPITAL COMPARATIVE
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
|
PROJECTION |
|||||||
|
1. |
Working Capital Gap |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
|
|
|
|
|
|
|
|
|
|
2. |
Minimum stipulated net working capital (25% of item 1) |
3.771 |
5.428 |
6.609 |
7.711 |
8.622 |
9.978 |
|
|
|
|
|
|
|
|
|
|
3. |
Actual/projected net working capital (item VI of Part B) |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
|
|
|
|
|
|
|
|
|
|
4. |
Item 1 minus item 2 in net working capital) to |
11.312 |
16.285 |
19.8296 |
23.134 |
25.865 |
29.935 |
|
|
|
|
|
|
|
|
|
|
5. |
Item 1 minus item 3 capital term loan (item 2 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
6. |
Maximum permissible bank finance (item 4 or item 5 whichever is lower) (See Note XV) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
7. |
Excess borrowings (representing shortfall in net working capital) to be converted into
working 'capital term loan (item 2 minus item 3) current assets i.e. item 2nd method of lending
(See Note XV) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
8. |
Working capital gap (Item III of Part B) |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
|
|
|
|
|
|
|
|
|
|
9. |
Minimum stipulated working capital (25% of total current assets i.e.
item I of Part B (Excl. Export
Receivables) |
4.548 |
6.853 |
8.311 |
9.648 |
10.765 |
12.110 |
|
|
|
|
|
|
|
|
|
|
10. |
Actual/projected net working capital (item VI of Part B) |
15.083 |
21.713 |
26.434 |
30.845 |
34.486 |
39.913 |
|
|
|
|
|
|
|
|
|
|
11. |
Item 8 minus Item 9 |
10.535 |
14.860 |
18.123 |
21.197 |
23.721 |
27.803 |
|
|
|
|
|
|
|
|
|
|
12. |
Item 8 minus Item 10 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
13. |
Maximum permissible bank finance (item 11 or item 12 whichever is
lower) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
14. |
Excess borrowings (representing shortfall in net working capital)
(item 9 minus item 10) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
They certify that they have surveyed the
immovable property of Mr.
S. Kishan Ratan and
(Applicant) Mrs. Pushpa Kishan Ratan (Applicant) |
|
|
Type |
Residential Falt (2 BHK) |
|
|
|
|
Address |
Flat No. 506 on 5th Floor, Building No. 18 known as “New Malvani Neelayam Co-operative Houseing Society Limited” situated at Chhatrapati Shivaji Raje Complex, Link Road, Opposite Ekta Nagar, Near Atharva College, Kandivali (West), Mumbai 400067. (Flat No. 506 is amalgamated with Flat No. 505) |
|
|
|
|
They further certify that the fair market
value of the property, Described in detail in this report, is as
follows: RS. 4.080 MILLIONS (FOR BANK LOAN PURPOSE) |
|
VALUATION REPORT
|
They certify that they have surveyed the
immovable property of Mr.
S. Kishan Ratan and
(Applicant) Mrs. Pushpa Kishan Ratan (Applicant) |
|
|
Type |
Residential Falt (2 BHK) |
|
|
|
|
Address |
Flat No. 505 on 5th Floor, Building No. 18 known as “New Malvani Neelayam Co-operative Houseing Society Limited” situated at Chhatrapati Shivaji Raje Complex, Link Road, Opposite Ekta Nagar, Near Atharva College, Kandivali (West), Mumbai 400067. (Flat No. 505 is amalgamated with Flat No. 506) |
|
|
|
|
They further certify that the fair market value
of the property, Described in detail in this report, is as
follows: RS.
4.080 MILLIONS (FOR BANK LOAN PURPOSE) |
|
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Camera Equipments
AC
and Fan
Air
Conditioner
Car
(Fouce One 7 Star)
Computer
Flat
at Malad
Furniture
and Fixtures
House
Property
Jewellery
Laptop
Mobile
Plant
and Machinery
Refrigerator
RES.
FLAT-Palms Springs-Malad
Television
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.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.