MIRA INFORM REPORT
|
Report No. : |
314532 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENTEL FOOD PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-21/6, TTC Industrial Area, MIDC, Pawne Village, Turbhe, Navi Mumbai
400703, Maharashtra |
|
|
|
|
Tel. No.: |
91-22-27681943 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-044173 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15100MH1987PTC044173 |
|
|
|
|
IEC No.: |
0397083319 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUME05830G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE7857L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Merchant Exporter of Frozen Fish, Shrimps and Cephalopods. |
|
|
|
|
No. of Employees
: |
5 (Approximately) [In Office: 4 + In Factory: 1] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 company having satisfactory track record. The rating takes into consideration company’s established track record
of business operations backed by promoter’s extensive industry experience. Rating also takes into consideration healthy operational risk profile
marked by adequate profitability margins and sound liquidity position of the
company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 : |
Mrs. Veera Nirmal Somaya |
|
Designation : |
Director |
|
Contact No.: |
91-9820078117 |
|
Date : |
09.04.2015 |
LOCATIONS
|
Administrative Office/ Factory : |
C-21/6, TTC Industrial Area, MIDC, Pawne Village, Turbhe, Navi Mumbai
400703, Maharashtra, India |
|
Tel. No.: |
91-22-27681943 |
|
Mob. No.: |
91-9820078117 (Mrs. Veera Nirmal Somaya) 91-9920499928 (Mr. Ashish Vasant
Chavan) |
|
Fax No.: |
91-22-27617115 |
|
Email. |
DIRECTORS
As on 29.09.2014
|
Name : |
Mrs. Veera Nirmal Somaya |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
2/4, Mahalaxmi Colony, Woollen Mill Road, Mahim, Mumbai – 400016,
Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1960 |
||||||||||||||||||||||||
|
Experience : |
29 Years |
||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1997 |
||||||||||||||||||||||||
|
PAN No. : |
AHUPS1813L |
||||||||||||||||||||||||
|
DIN No.: |
00481805 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ashish Vasant Chavan |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Plot No.169, Flat No.7, Sector 28, Vashi, Navi Mumbai – 400703, Maharashtra,
India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
30.06.1964 |
||||||||||||||||||||||||
|
Experience : |
25 Years |
||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1997 |
||||||||||||||||||||||||
|
PAN No. : |
AAWPC2710K |
||||||||||||||||||||||||
|
DIN No.: |
00481739 |
||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Veera Nirmal Somaya |
1400 |
28.00 |
|
Aashish Vasant Chavan |
100 |
2.00 |
|
Renuka Avinash Goel |
1750 |
35.00 |
|
Methoo Zaki Hajeebhoy |
1750 |
35.00 |
|
Total |
5000 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
30.00 |
|
Other top fifty shareholders |
70.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Merchant Exporter of Frozen Fish, Shrimps and Cephalopods. |
|
|
|
|
Products : |
Frozen Fishes, Shrimps and Cephalopods |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cash |
|
|
|
|
Purchasing : |
Cash and Credit (60 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
5 (Approximately) [In Office: 4 + In Factory: 1] |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Vijaya Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. S. Gokhale and Company Chartered Accountants |
|
Address : |
104, Siddharth Darshan, Dada Patil Wadi, Dada Patil Marg, Thane – 400602, Maharashtra, India |
|
Tel. No. : |
91-22-25432771/ 25445752 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFN1445J |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Company in which key management personnel / relatives of key management
personnel can exercise significant influence : |
HMG Industries Limited |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
15.03.2015 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
26.963 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
27.463 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.242 |
|
|
2] Unsecured Loans |
|
|
16.900 |
|
|
TOTAL BORROWING |
|
|
17.142 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
44.605 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.376 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
62.315 |
|
|
Sundry Debtors |
|
|
51.128 |
|
|
Cash & Bank Balances |
|
|
3.280 |
|
|
Other Current Assets |
|
|
14.562 |
|
|
Loans & Advances |
|
|
2.060 |
|
Total
Current Assets |
|
|
133.345 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
72.206 |
|
|
Provisions |
|
|
17.910 |
|
Total
Current Liabilities |
|
|
90.116 |
|
|
Net Current Assets |
|
|
43.229 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
44.605 |
|
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
20.515 |
12.807 |
11.827 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
21.015 |
13.307 |
12.327 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.380 |
1.112 |
2.507 |
|
(b) Deferred tax liabilities (Net) |
0.091 |
0.098 |
0.118 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.471 |
1.210 |
2.625 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
7.480 |
11.980 |
11.980 |
|
(b) Trade
payables |
46.191 |
36.353 |
32.317 |
|
(c) Other
current liabilities |
0.086 |
1.982 |
2.055 |
|
(d) Short-term
provisions |
9.136 |
8.502 |
7.262 |
|
Total Current
Liabilities (4) |
62.893 |
58.817 |
53.614 |
|
|
|
|
|
|
TOTAL |
84.379 |
73.334 |
68.566 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.597 |
1.877 |
2.169 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.046 |
0.046 |
0.046 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.643 |
1.923 |
2.215 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.578 |
29.592 |
14.837 |
|
(c) Trade
receivables |
34.287 |
21.583 |
34.113 |
|
(d) Cash
and cash equivalents |
8.424 |
7.996 |
3.304 |
|
(e) Short-term
loans and advances |
3.447 |
2.889 |
2.597 |
|
(f) Other
current assets |
10.000 |
9.351 |
11.500 |
|
Total
Current Assets |
82.736 |
71.411 |
66.351 |
|
|
|
|
|
|
TOTAL |
84.379 |
73.334 |
68.566 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
15.03.2015 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
482.528 |
|
|
|
Other Income |
|
|
0.063 |
|
|
|
TOTAL (A) |
|
|
482.591 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods |
|
|
362.098 |
|
|
|
Admin. Expense |
|
|
3.394 |
|
|
|
Mfg. Expense |
|
|
56.642 |
|
|
|
Other Expense |
|
|
42.232 |
|
|
|
TOTAL (B) |
|
|
464.366 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
18.225 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.627 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
15.598 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.246 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
|
15.352 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
4.630 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
|
10.722 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
464.210 |
|
|
|
Other Earnings |
|
|
18.318 |
|
|
TOTAL EARNINGS |
|
|
482.528 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
2144.40 |
|
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
367.934 |
260.549 |
316.890 |
|
|
|
Other Income |
0.475 |
1.077 |
0.214 |
|
|
|
TOTAL (A) |
368.409 |
261.626 |
317.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
277.081 |
204.529 |
239.001 |
|
|
|
Increase/ (Decrease) in Inventories of Shares |
2.656 |
(14.730) |
(1.758) |
|
|
|
Employee Benefit Expenses |
3.365 |
3.490 |
3.252 |
|
|
|
Other Expenses |
72.953 |
63.765 |
67.108 |
|
|
|
TOTAL (B) |
356.055 |
257.054 |
307.603 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
12.354 |
4.572 |
9.501 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.866 |
0.294 |
2.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.488 |
4.278 |
6.955 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.288 |
0.334 |
0.345 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
11.200 |
3.944 |
6.610 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.492 |
1.220 |
2.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.708 |
2.724 |
4.410 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.007 |
3.726 |
3.034 |
|
|
|
|
|
|
|
|
|
Add |
EXCESS PROVISION
OF TAX ON DIVIDEND |
-- |
-- |
0.026 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transferred to General Reserve |
1.000 |
0.700 |
2.000 |
|
|
|
Proposed Dividend |
0.000 |
1.500 |
1.500 |
|
|
|
Tax on Dividend |
0.000 |
0.243 |
0.244 |
|
|
BALANCE CARRIED
TO THE B/S |
10.715 |
4.007 |
3.726 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Sales |
352.096 |
232.061 |
NA |
|
|
TOTAL EARNINGS |
352.096 |
232.061 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1541.52 |
544.76 |
882.06 |
|
KEY RATIOS
|
PARTICULARS |
|
15.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.22 |
2.09 |
1.05 |
1.39 |
|
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.78 |
3.36 |
1.75 |
3.00 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.40 |
13.27 |
5.38 |
9.64 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.53 |
0.30 |
0.54 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62 |
0.37 |
0.98 |
1.18 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.32 |
1.21 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
11.827 |
12.807 |
20.515 |
|
Net
worth |
12.327 |
13.307 |
21.015 |
|
|
|
|
|
|
Long-term borrowings |
2.507 |
1.112 |
0.380 |
|
Short term borrowings |
11.980 |
11.980 |
7.480 |
|
Total
borrowings |
14.487 |
13.092 |
7.860 |
|
Debt/Equity
ratio |
1.175 |
0.984 |
0.374 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
316.890 |
260.549 |
367.934 |
|
|
|
-17.779 |
41.215 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
316.890 |
260.549 |
367.934 |
|
Profit |
4.410 |
2.724 |
7.708 |
|
|
1.39% |
1.05% |
2.09% |
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
four years |
Yes |
|
12] |
Profitability for last
four 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS. IN MILLIONS)
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
From Directors and
Relatives |
|
|
|
Veera Somaya |
0.630 |
0.630 |
|
Nirmal Somaya |
0.150 |
0.150 |
|
|
|
|
|
From Shareholders |
|
|
|
Methoo Z. Hajeebhoy |
3.500 |
5.750 |
|
Renuka Goel |
3.200 |
5.450 |
|
Total |
7.480 |
11.980 |
------------------------------------------------------------------------------------------------------------------------------
ENTEL FOOD PRODUCTS PRIVATE LIMITED
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
|
|
|
|
Profit from
business |
|
|
|
Profit as per Profit and Loss Account before tax |
|
11.200 |
|
Add: Donation |
0.006 |
|
|
Add: Profession Tax |
0.000 |
0.006 |
|
Add: Depreciation as per Profit and Loss account |
|
0.288 -------- |
|
|
|
11.495 |
|
|
|
|
|
Less: Depreciation as per Income Tax Act |
|
0.240 |
|
|
|
|
|
Total income/ (Loss) |
|
----------- 11.255 ----------- |
|
|
|
|
|
STATEMENT OF TAXES |
|
|
|
|
|
|
|
Tax on Business Income @ 30% on Rs. |
|
3.376 |
|
|
|
|
|
Add: Surcharges @ 5 % |
|
0.169 |
|
|
|
|
|
Add: Education Cess @ 3% |
|
0.107 -------- |
|
|
|
3.652 |
|
|
|
|
|
Add: Interest u/s 234C |
|
0.006 -------- |
|
|
|
3.658 |
|
|
|
|
|
TDS |
|
0.032 |
|
|
|
|
|
Advance Tax Paid |
|
3.500 -------- |
|
|
|
|
|
S.A. Tax Payable/ (Refund) |
|
0.126 -------- |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
Estimates |
Projection |
Projection |
|
|
|
|
|
|
1. Gross Income |
|
|
|
|
|
|
|
|
|
i) Sales |
|
|
|
|
|
|
|
|
|
a) Domestic Sales |
0.179 |
-- |
-- |
|
|
|
|
|
|
b) Export Sales |
449.847 |
600.000 |
750.000 |
|
|
|
|
|
|
c) Sub-total (a+b) |
450.026 |
600.000 |
750.000 |
|
|
|
|
|
|
d) Percentage rise (+) or fall (-) in sales turnover as compared to previous year |
17% |
25% |
20% |
|
|
|
|
|
|
ii) Other Income |
|
|
|
|
|
|
|
|
|
a) Premium on VKU/DDB |
32.502 |
40.000 |
45.000 |
|
|
|
|
|
|
b) Other Misc. Income |
0.063 |
0.100 |
0.000 |
|
|
|
|
|
|
c) Commission and Brokerage received |
-- |
-- |
-- |
|
|
|
|
|
|
d) Sub-total (a+b+c) |
32.565 |
40.100 |
45.000 |
|
|
|
|
|
|
iii) Total (i) + (ii) |
482.591 |
640.100 |
795.000 |
|
|
|
|
|
|
2. Cost of Sales |
|
|
|
|
|
|
|
|
|
i) Purchases |
397.835 |
520.000 |
640.000 |
|
|
|
|
|
|
ii) Other trading expenses (Carriage inward, comm. and brokerage on purchases) |
-- |
-- |
-- |
|
|
|
|
|
|
iii) Sub-total (i + ii) |
397.835 |
520.000 |
640.000 |
|
|
|
|
|
|
iv) Add: Opening Stock |
25.630 |
61.367 |
90.000 |
|
|
|
|
|
|
v) Sub-total (iii+iv) |
423.465 |
581.367 |
730.000 |
|
|
|
|
|
|
vi) Less: Closing Stock |
61.367 |
90.000 |
110.000 |
|
|
|
|
|
|
vii) Sub-total (Total cost of sales) (v-vi) |
362.098 |
491.367 |
620.000 |
|
|
|
|
|
|
3. Selling, General and Administrative Expenses (Including Bonus Payments) |
102.268 |
122.500 |
140.000 |
|
|
|
|
|
|
4. Operating profit (Before Interest and Depreciation) (1 (iii)-2(vii)-3) |
18.225 |
26.233 |
35.000 |
|
|
|
|
|
|
5. Interest |
2.627 |
5.000 |
5.000 |
|
|
|
|
|
|
6. Depreciation |
0.246 |
0.208 |
0.170 |
|
|
|
|
|
|
7. Operating Profit (After Interest and Depreciation) (4-5-6) |
15.352 |
21.025 |
29.830 |
|
|
|
|
|
|
8. i) Add: Other non-operating income |
|
|
|
|
|
|
|
|
|
a) Interest on FDR |
-- |
-- |
0.400 |
|
|
|
|
|
|
b) Int. on Loans |
-- |
-- |
-- |
|
|
|
|
|
|
c) Sub-total (Income) |
-- |
-- |
-- |
|
|
|
|
|
|
ii) Less: Other Non-operating expenses |
|
|
|
|
|
|
|
|
|
a) Interest on loan 2003-04 Tax |
-- |
-- |
-- |
|
|
|
|
|
|
b) Bad debts w/off |
-- |
-- |
-- |
|
|
|
|
|
|
c) Sub-total (Expenses) |
-- |
-- |
-- |
|
|
|
|
|
|
iii) Net of other non-operating income/ expenses (net of 8(i) & 8(ii)) |
-- |
-- |
-- |
|
|
|
|
|
|
9. Profit before tax / loss (7+8(iii)) |
15.352 |
21.025 |
30.230 |
|
|
|
|
|
|
10. Provision for taxes |
4.630 |
6.500 |
9.500 |
|
|
|
|
|
|
11. Net profit/ loss (9.10) |
10.722 |
14.525 |
20.730 |
|
|
|
|
|
|
12. a. Equity dividend (incl. tax) |
4.144 |
4.144 |
6.000 |
|
|
|
|
|
|
b. Dividend rate |
700% |
700% |
1000% |
|
|
|
|
|
|
13. Retained profit (11-12) |
6.578 |
10.381 |
14.730 |
|
|
|
|
|
|
14. Retained profit / net profit (% age) |
6.135 |
7.147 |
7.106 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
Estimates |
Projection |
Projection |
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
1. Short term borrowings from banks (including bills purchased, discounted and excess borrowings placed on repayment basis) LC negotiation |
|
|
|
|
|
|
|
|
|
a) From applicant bank Vijaya Bank |
6.835 |
50.000 |
50.000 |
|
b) From other banks BD |
11.062 |
-- |
-- |
|
c) (Of which BP and BD) |
-- |
-- |
-- |
|
Sub-total (A) |
17.897 |
50.000 |
50.000 |
|
|
|
|
|
|
2. Short term borrowings from directors/ shareholders |
16.900 |
15.000 |
15.000 |
|
|
|
|
|
|
3. Sundry creditors (Trade) months purchases |
54.100 |
60.000 |
80.000 |
|
|
|
|
|
|
4. Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
5. Provision for taxation |
14.410 |
20.910 |
30.410 |
|
|
|
|
|
|
6. Dividend payable |
3.500 |
3.500 |
5.000 |
|
|
|
|
|
|
7. Other statutory liabilities (due within one year) |
0.209 |
0.209 |
0.209 |
|
|
|
|
|
|
8. Deposits/ debentures/ instalments under term loans/ DPGs, etc. (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
9. Current liabilities and provisions (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub-Total (B) |
89.119 |
99.619 |
130.619 |
|
|
|
|
|
|
10. Total current liabilities (total of 1 to 9) |
107.016 |
149.619 |
180.619 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
11. Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
12. Preference shares (Redeemable after one year) |
-- |
-- |
-- |
|
|
|
|
|
|
13. Term loans (excluding ins int. payable within one year) |
0.242 |
0.077 |
0.000 |
|
|
|
|
|
|
14. Deferred payment credits (excldg instalments due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
15. Term deposits (repayable after one year) |
-- |
-- |
-- |
|
|
|
|
|
|
16. Other term liabilities |
-- |
-- |
-- |
|
Unsecured loans |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
17. Total term liabilities (Total of 11 to 16) |
0.242 |
0.077 |
0.000 |
|
|
|
|
|
|
18. Total outside liabilities (10+17) |
107.258 |
149.696 |
180.619 |
|
|
|
|
|
|
Net worth |
|
|
|
|
|
|
|
|
|
19. Share capital |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
20. General reserve |
11.000 |
12.500 |
15.000 |
|
|
|
|
|
|
21. Revaluation reserve |
-- |
-- |
-- |
|
|
|
|
|
|
22. Other reserves (excluding provisions) |
-- |
-- |
-- |
|
|
|
|
|
|
23. Surplus (+) or deficit (-) in profit and loss account |
15.963 |
24.844 |
37.074 |
|
|
|
|
|
|
24. Net worth |
27.463 |
37.844 |
52.574 |
|
|
|
|
|
|
25. Total Liabilities (18+24) |
27.463 |
37.844 |
52.574 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
26. Cash and bank balances |
3.280 |
4.820 |
4.820 |
|
|
|
|
|
|
27. Investments (other than long term investments) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
i) Government and other trustee securities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii) Fixed deposits with banks |
2.060 |
2.060 |
5.000 |
|
|
|
|
|
|
28. i) Receivables other than deferred and exports (including bills purchased and discounted by bankers) |
0.000 |
0.000 |
0.000 |
|
(Months domestic sales) |
|
|
|
|
|
|
|
|
|
28. ii) Export receivables (Including purchased and discounted by bankers) |
51.128 |
68.430 |
81.813 |
|
(Months export sales) |
1.13 |
1.11 |
1.11 |
|
|
|
|
|
|
29. Installments under deferred receivables (due within one year) |
-- |
-- |
-- |
|
|
|
|
|
|
30. Stocks-in-trade |
62.315 |
90.000 |
110.000 |
|
(Months cost of sales)/ days |
1.23 |
1.24 |
1.09 |
|
|
|
|
|
|
31. Advances to suppliers of merchandise |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
32. Advance payment of taxes |
13.509 |
20.009 |
29.509 |
|
|
|
|
|
|
33. Other current assets |
1.053 |
1.053 |
1.053 |
|
|
|
|
|
|
34. Total current assets (Total of 26 to 33) |
133.345 |
186.372 |
232.195 |
|
|
|
|
|
|
35. Fixed Assets |
3.636 |
3.636 |
3.636 |
|
|
|
|
|
|
36. Depreciation to date |
2.260 |
2.468 |
2.638 |
|
|
|
|
|
|
37. Net block (35-36) |
1.376 |
1.168 |
0.998 |
|
|
|
|
|
|
Other non-current assets |
|
|
|
|
|
|
|
|
|
38. Investments/ book debts/ advances/ deposits which are not current assets |
-- |
-- |
-- |
|
|
|
|
|
|
i) a) Investments in subsidiary companies/ affiliates |
-- |
-- |
-- |
|
|
|
|
|
|
b) Others |
-- |
-- |
-- |
|
|
|
|
|
|
ii) Advances to suppliers of capital goods and contractors |
-- |
-- |
-- |
|
|
|
|
|
|
iii) Deferred receivables (maturity exceeding 1 year) |
-- |
-- |
-- |
|
|
|
|
|
|
iv) Security deposits tender deposits |
-- |
-- |
-- |
|
|
|
|
|
|
v) Others |
-- |
-- |
-- |
|
|
|
|
|
|
39. Obsolete stocks |
-- |
-- |
-- |
|
|
|
|
|
|
40. Other non-current assets deposits (including Dues from directors) |
-- |
-- |
-- |
|
|
|
|
|
|
41. Total other non-current assets (Total of 38 to 40) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
42. Tangible assets (patents, goodwill, prelim. Expenses incurred in excess of their earning) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
43. Total assets (total of 34, 37, 41, and 42) |
134.721 |
187.540 |
233.193 |
|
|
|
|
|
|
44. Tangible net worth (24-42) |
27.463 |
37.844 |
52.574 |
|
|
|
|
|
|
45. Net working capital [(17+24) – 37 + 41 + 42] to tally with (34-10) |
26.329 |
36.753 |
51.576 |
|
|
|
|
|
|
46. Current ratio (34/10) |
1.25 |
1.25 |
1.29 |
|
|
|
|
|
|
47. Total outside liabilities/ tangible net worth (18/44) |
3.91 |
3.96 |
3.44 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STAEMENT OF CURRENT ASSETS AND LIABILITIES
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
Estimates |
Projection |
Projection |
|
|
|
|
|
|
A. CURRENT ASSSETS |
|
|
|
|
|
|
|
|
|
1. Stock-in-trade |
62.315 |
90.000 |
110.000 |
|
(Months Cost of Sales) |
1.23 |
1.24 |
1.09 |
|
|
|
|
|
|
2. Receivables other than export and deferred receivables (including bills purchased and discounted by bankers) |
0.000 |
0.000 |
0.000 |
|
Months domestic sales |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
3. Export receivables (including bills purchased and disc.) |
51.128 |
68.430 |
81.813 |
|
Months export sales |
1.13 |
1.11 |
1.11 |
|
|
|
|
|
|
4. Advances to suppliers of merchandise |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
5. Other current assets (including cash and bank balances and deferred receivables due within one year) |
6.393 |
7.933 |
10.873 |
|
(Specify major items) taxes |
13.509 |
20.009 |
29.509 |
|
|
|
|
|
|
6. Total current assets |
133.345 |
186.372 |
232.195 |
|
|
|
|
|
|
B. CURRENT LIABILITIES (Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
7. Sundry creditors (Trade) |
54.100 |
60.000 |
80.000 |
|
Months Purchases |
1.19 |
1.11 |
1.15 |
|
|
|
|
|
|
8. Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
9. Statutory liabilities |
0.209 |
0.209 |
0.209 |
|
|
|
|
|
|
10. Other current liabilities (Specify major items such as short term borrowings, unsecured loans, dividend loans, dividend payable, installments of TL, DPG, public deposits, debentures, etc.) |
34.810 |
39.410 |
50.410 |
|
|
|
|
|
|
Total |
89.119 |
99.619 |
130.619 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
Estimates |
Projection |
Projection |
|
|
|
|
|
|
1. Total current assets |
133.345 |
186.372 |
232.195 |
|
|
|
|
|
|
2.Current liabilities (other than bank borrowings) |
89.119 |
99.619 |
130.619 |
|
|
|
|
|
|
3. Working capital gap |
44.226 |
86.753 |
101.576 |
|
|
|
|
|
|
4. Minimum stipulated net working capital – 25% of total current assets other than export receivables |
20.554 |
29.486 |
37.596 |
|
|
|
|
|
|
5. Actual/ projected net working capital |
26.329 |
36.753 |
51.576 |
|
|
|
|
|
|
6. Item 3 minus item 4 |
23.672 |
57.268 |
63.981 |
|
|
|
|
|
|
7. Item 3 minus item 5 |
17.897 |
50.000 |
50.000 |
|
|
|
|
|
|
8. Maximum permissible bank finance (item 6 or 7, whichever is lower) |
17.897 |
50.000 |
50.000 |
|
|
|
|
|
|
9. Excess borrowings, if any representing shortfall in NWC (4-5) |
(57.75) |
(7.268) |
(13.981) |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. VEERA NIRMAL SOMAYA
AS ON 31.12.2014
(RS. IN MILLIONS)
A. ASSETS
1. Immovable Assets
(including the assets proposed to be charged):
a. Land: Nil
b. Building if any on
the land declared in (a):
|
NATURE OF BUILDING (RESIDENTIAL/
COMMERCIAL) |
FULL ADDRESS/ LOCATION |
AREA OF BUILDING – PLINTH AREA/ CARPET
AREA (FLATS) IN SQ. FT. |
SELF/ OWNED/ INHERITED |
CURRENT MARKET VALUE |
IF ENCUMBERED, LIABILITY IS THERE UNDER |
|
|
|
|
|
|
|
|
Residential Flat |
506, Rishabh Apt, Nahur, Mullund (West), Mumbai – 400080, Maharashtra, Inida |
400 |
Self-owned |
7.500 |
No |
|
|
|
|
|
|
|
|
Residential Flat |
A-93-3/3-4, Ashtavinayak Gruh Sankul CHS, Adai Gaon, New Panvel, Navi Mumbai, mahara |
845 |
Self-owned |
4.500 |
Housing loan with DHFL |
2. Movable
Properties (of value of Rs. 0.025 Million and above as on date)
a. Bank and other
deposits
|
NAME OF THE BANK |
NATURE OF DEPOSIT (SB/ RD/ FD) |
AMOUNT OF DEPOSIT (RS.) |
DUE DATE IN CASE OF FD/ RD |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
|
Corporation Bank |
SB/ FD |
0.800 |
-- |
-- |
|
ICICI Bank |
SB/ FD |
0.650 |
-- |
-- |
|
Saraswat Bank |
SB/ FD |
0.550 |
-- |
-- |
|
Cash in hand |
-- |
0.010 |
-- |
-- |
|
Co Deposits |
FD |
0.150 |
-- |
-- |
b. Investment in
share/ mutual funds/ others
1. Shares/
Debentures, etc.
|
NAME OF THE COMPANY |
NO. OF SHARES/ DEBENTURES HELD |
FACE VALUE (RS.) |
PRESENT MARKET VALUE (RS.) |
WHETHER FULLY OR PARLY PAID |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
|
|
1. Shares |
-- |
-- |
0.500 |
Fully paid |
-- |
|
|
|
|
|
|
|
|
2. Entel Food Products Private Limited |
1400 Shares |
100/- per share |
-- |
-- |
-- |
2. NSC/ NSS/ LIC,
etc.,
|
NATURE OF INVESTMENTS LIFE/ ENDOWMENT POLICY |
FACE VALUE (RS.) |
PRESENT VALUE (RS.) |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
PPF |
-- |
2.000 |
-- |
3. Jewellery/
Precious Stones/ Gold Coins, Bars, etc.
|
DESCRIPTION |
ORIGINAL COST PRICE |
PRESENT MARKET VALUE (RS.) |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
Gold Jewellery |
-- |
0.200 |
-- |
SUMMARY
OF ASSETS
|
PARTICULARS |
AMOUNT |
|
Land |
Nil |
|
Building |
12.000 |
|
Bank and other deposits |
2.160 |
|
Shares/ Debentures, etc. |
0.500 |
|
NSC/ NSS/ LIC, etc., |
2.000 |
|
Jewellery/ Precious Stones/ Gold Coins, Bars, etc. |
0.200 |
|
(A) Total Assets |
16.860 |
B. LIABILITIES:
A. Borrowings from
their/ Other Banks
|
NAME OF THE BANK/ INSTITUTION |
NATURE OF LOAN |
AMOUNT AVAILED |
SECURITIES |
PRESENT O/S |
ARREARS IF ANY |
|
|
|
|
|
|
|
|
|
|
DHFL |
Housing Loan |
2.600 |
Against Flat |
3.250 |
2.200 |
-- |
SUMMARY
OF LIABILITIES
|
PARTICULARS |
AMOUNT |
|
Borrowings from their/ Other Banks |
2.200 |
|
(B) Total Assets |
2.200 |
|
TOTAL
NET WORTH (A-B) |
Rs. 14.660 million |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ASHISH VASANT CHAVAN
AS ON 31.12.2014
(RS. IN MILLIONS)
1. Immovable Assets
(including the assets proposed to be charged):
a. Land: Nil
b. Building if any on
the land declared in (a):
|
NATURE OF BUILDING (RESIDENTIAL/ COMMERCIAL) |
FULL ADDRESS/ LOCATION |
AREA OF BUILDING – PLINTH AREA/ CARPET
AREA (FLATS) IN SQ. FT. |
SELF/ OWNED/ INHERITED |
CURRENT MARKET VALUE |
IF ENCUMBERED, LIABILITY IS THERE UNDER |
|
|
|
|
|
|
|
|
Residential Flat |
Plot No.169, Flat
No.7, Sector 28, Vashi, Navi Mumbai – 400703, Maharashtra, India |
873 |
Self-Owned |
7.500 |
No |
2. Movable
Properties
a. Machinery/
Equipment/ Motor Vehicle, etc.
|
BRIEF DESCRIPTION |
DATED PURCHASE |
PRESENT VALUE (RS.) |
IF ENCUMBERED |
|
|
LOAN AVAILED FROM |
PRESENT LIABILITY |
|||
|
|
|
|
|
|
|
Motor Vehicle |
30.10.2012 |
0.400 |
No |
No |
b. Bank and other
deposits
|
NAME OF THE BANK |
NATURE OF DEPOSIT (SB/ RD/ FD) |
AMOUNT OF DEPOSIT (RS.) |
DUE DATE IN CASE OF FD/ RD |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
|
IDBI – Vashi |
SB |
0.499 |
-- |
-- |
|
Bank of India |
SB |
0.012 |
-- |
-- |
|
ICICI Bank Limited |
SB |
0.025 |
-- |
-- |
|
Cash in Hand |
-- |
0.005 |
-- |
-- |
c. Investment in share/
mutual funds/ others
1. Shares/
Debentures, etc.
|
NAME OF THE COMPANY |
NO. OF SHARES/ DEBENTURES HELD |
FACE VALUE (RS.) |
PRESENT MARKET VALUE (RS.) |
WHETHER FULLY OR PARLY PAID |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
|
|
1. Shares Tata Investment |
675 Shares |
10/- Per Share |
568/- Per Share 0.383 |
Fully Paid |
-- |
|
|
|
|
|
|
|
|
2. Entel Food Products Private Limited |
100 Shares |
100/- per share |
-- |
-- |
-- |
2. NSC/ NSS/ LIC,
etc.,
|
NATURE OF INVESTMENTS LIFE/ ENDOWMENT POLICY |
FACE VALUE (RS.) |
PRESENT VALUE (RS.) |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
LIC |
-- |
0.300 |
-- |
|
PPF |
-- |
0.150 |
-- |
3. Jewellery/
Precious Stones/ Gold Coins, Bars, etc.
|
DESCRIPTION |
ORIGINAL COST PRICE |
PRESENT MARKET VALUE (RS.) |
IF ENCUMBERED TO WHOM AND TO WHAT EXTENT |
|
|
|
|
|
|
Gold Jewellery |
-- |
0.078 |
-- |
SUMMARY
OF ASSETS
|
PARTICULARS |
AMOUNT |
|
Land |
Nil |
|
Building |
7.500 |
|
Motor Vehicle |
0.400 |
|
Bank and other deposits |
0.541 |
|
Shares |
0.383 |
|
LIC/ PPF |
0.450 |
|
Jewellery |
0.078 |
|
(A) Total Assets |
9.352 |
B. LIABILITIES:
NIL
|
TOTAL
NET WORTH (A-B) |
Rs. 9.352 million |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Subject having its registered office at C-21/6, Pawne Village, TTC Area, Navi Mumbai, was incorporated in the year 1987 and the business was in operation from December, 1997.
The company is a Merchant Exporter of Frozen Fish, Shrimps and Cephalopods. The products are exported to European and Non-European Countries. The track record of their company sales is that every year we have an increase between 10-25% from the previous year.
The product is processed an packed at HMG Industries Limited, Pawne Village, Navi Mumbai. The finished products are stored at Cold Storage which is at -20 degree celcius.
The products are frequently tested and inspected by the Foreign Buyers Representative/ Agents before shipment. Hence they do not have any Quality Claim and their product is well established mainly in Mauritius and Gulf Countries. They export to almost all the countries in the Universe, except for the countries which are banned.
The company is managed by Veera Somaya – Chairman, who having knowledge in this field from last
Years and a Commerce Graduate.
Aashish V. Chavan – Director of the company manages the other affairs such as shipping and documentation, who is also having experience of 25 years and a Commerce Graduate.
Their plan for this current year is to increase the sale by
25% from the previous year, that is to achieve Rs. 600.000 Million, by
exporting high value products.
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CHANGE OF ADDRESS
As claimed by Mrs. Veera Nirmal Somaya a Director that registered office of the company has been shifted from Sidhwa House, 3rd Floor, M Asawant Marg, Colaba, Mumbai - 400005, Maharashtra, India to the present address.
FIXED ASSETS
Tangible Assets
· Plant and Machinery
· Office Equipments
· Computers
· Vehicles
------------------------------------------------------------------------------------------------------------------------------
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 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.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.