|
Report No. : |
318826 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAKODA CHEMICALS |
|
|
|
|
Registered
Office : |
No. 704, 7th Floor, A-Wing, Sunglory Building, Chandivali
Farm Road, Tungwa, Andheri (East), Mumbai – 400072, Maharashtra |
|
|
|
|
Tel. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
10.12.2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFN4546K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer of Bleach
Powder, Bleach Liquid, Oil and Grease Treatment Preparation, Packing
Material, Plant and Machinery, Sodium Hydroxide, Parts and Accessories
Thereof. |
|
|
|
|
No. of Employees
: |
6 (Approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern incorporated as on 10.12.2014 and
yet to establish itself gradually. Mr. Vikas Accountant provided general information and also claimed
that the concern will start its business operation after their loan is
sanction. Payment terms are unknown. The concern can be considered for business dealings on a fully safe
and secured trade terms and condition. |
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 : |
Mr. Vikas |
|
Designation : |
Accountant |
|
Contact No.: |
91-9252181874 |
|
Date : |
22.04.2015 |
LOCATIONS
|
Registered Office : |
No. 704, 7th Floor, A-Wing, Sunglory Building, Chandivali
Farm Road, Tungwa, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9414008981 (Mr. Rohit Asawa) 91-9252181874 (Mr. Vikas) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Flat F-202, Heerawala Industrial Area (Extn), Kanota, Jaipur – 303012,
Rajasthan, India |
|
E-Mail : |
|
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Rohit Asawa |
|
Designation : |
Partner |
|
Address : |
Balaji Minchem
S-11, 1st Phase, RIICO Industrial Area, Ajmer Road, Beawar -
305901 Rajasthan, India |
|
Date of Birth/Age : |
23.12.1976 |
|
Qualification : |
Graduate |
|
Experience : |
More than 10 Years |
|
PAN No.: |
ADSPA8385R |
|
Profile : |
Mr. Rohit Asawa is chief partner of firm
is a well-read and well-travelled energetic young man with lot of ideas to
develop the chemical business. He is graduate from Rajasthan. He always had
an interest in setting up his own business. He possesses a good experience in
chemical business. |
|
|
|
|
Name : |
Mr. Ramesh Chandra Lodha |
|
Designation : |
Partner |
|
Address : |
1-10-210/B, Ashok
Nagar, Hyderabad, Telangana, India |
|
Date of Birth/Age : |
13.09.1951 |
|
Qualification : |
Graduate |
|
Experience : |
More than 20 years |
|
PAN No.: |
AALPL8879K |
|
Profile : |
Ramesh Chandra Lodha was born on 13th
September 1952 in a small town called Beawar, in Rajasthan in a business
family, He completed his post-graduation in the year 1974 from Beawar, Rajasthan.
He started his first firm in 1983 in Hyderabad. Which is Still running in
full capacity .He then came into the field of mining and Minerals Processing
in Hyderabad with a small Investment but touched a turnover of Rs.2.5 core in
the Third Year of its inception. |
|
|
|
|
Name : |
Mrs. Ritu Amit Modani |
|
Designation : |
Partner |
|
Address : |
Flat No.701, 7th
Floor, A-Wing, Raheja Vistas, Chandivali Farm Road, Tungwa, Andheri (East),
Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1978 |
|
Qualification : |
MSC |
|
Experience : |
More than 5 years |
|
PAN No.: |
AFTPM8741C |
|
Passport No.: |
F6905912 |
|
Profile : |
Mrs. Ritu Modani is completed her MSC
and she is manage
in the field of chemical minerals trade for the last 7 years and has varied
experience of chemical business of Mumbai. Business interests vary from
manufacture of like bleach liquid Bleaching Powder oil and grease treatment
preparation, Packing materials. |
|
|
|
|
Name : |
Mr. Bhuvan Jain |
|
Designation : |
Partner |
|
Address : |
House No. B-3,
458, Kucha Master, Shamlal Puraria Bazar, Ludhiana – 141008, Punjab, India |
|
Date of Birth/Age : |
20.02.1986 |
|
Qualification : |
Graduate |
|
Experience : |
More than 5 Years |
|
PAN No.: |
AIWPJ5291J |
|
Profile : |
Mr. Bhuvan Jain was born on 20 February
1986 in Ludhiana (Punjab ) and he was completed his MBA from Ludhiana
University after that he decided to do service than in starting 5 years after
completed his MBA he done job in Kiran Global Chems Limited In Jaipur as unit
manager than he got position of sales and production manager after that in
2014 he decided to enter in chemical business |
KEY EXECUTIVES
|
Name : |
Mr. Vikas |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bleach
Powder, Bleach Liquid, Oil and Grease Treatment Preparation, Packing
Material, Plant and Machinery, Sodium Hydroxide, Parts and Accessories
Thereof. |
|
|
|
|
Products : |
· Bleach powder · Bleach Liquid · Oil and Grease Treatment Preparation · Packing Material · Plant and Machinery ·
Sodium Hydroxide |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Others |
|
|
|
|
Purchasing : |
Others |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
6 (Approximately) [In Office] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
-- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW CONCERN
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
MR.
RAMESH CHANDRA LODHA
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
|
Income Before
Set Off |
Income After Set
Off |
|
Income Heads |
|
|
|
|
|
|
|
Income from Salary |
0.000 |
0.000 |
|
|
|
|
|
Income from House Property |
0.203 |
0.203 |
|
|
|
|
|
Income from Business or Profession |
0.367 |
0.367 |
|
|
|
|
|
Income from Capital Gains |
0.000 |
0.000 |
|
|
|
|
|
Income from Other Sources |
0.002 |
0.002 --------- |
|
|
|
|
|
Gross Total Income |
|
0.572 |
|
|
|
|
|
Less: Deduction under Chapter VIA |
|
0.124 --------- |
|
|
|
|
|
Total Income |
|
0.448 |
|
|
|
|
|
Rounding off u/s 288A |
|
0.448 |
|
|
|
|
|
Income Taxable at Normal Rate |
|
0.448 |
|
|
|
|
|
Income Taxable at Special Rate |
|
0.000 |
|
|
|
|
|
TAX CALCULATION |
||
|
|
|
|
|
Basic Exemption Limit Rs. |
0.250 |
|
|
Tax at Normal Rates |
0.020 |
|
|
Total Tax |
|
0.020 |
|
Less: Tax Rebate u/s 87A |
0.002 |
|
|
Tax Payable |
|
0.018 |
|
Add: Education Cess |
|
0.000 -------- |
|
Total |
|
0.018 |
|
Add: Secondary and Higher Education Cess |
|
0.000 -------- |
|
Total |
|
0.018 |
|
Less: TDS/ TCS |
|
0.007 -------- |
|
Assessed Tax |
|
0.011 |
|
Less: Advance Tax |
|
0.130 -------- |
|
Amount Refundable |
|
0.119 -------- |
|
Amount Refundable
Rounded Off u/s 288 B |
|
0.119 -------- |
------------------------------------------------------------------------------------------------------------------------------
MR.
BHUVAN JAIN
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from Salary (Chapter IV A) |
|
|
0.229 |
|
|
|
|
|
|
KIRAN GLOBAL CHEMS PRIVATE LIMITED |
|
|
|
|
|
|
|
|
|
G-1-175, Heerawal IND. Area, Kanota, Jaipur, Rajasthan |
|
|
|
|
Salary |
|
0.229 -------- |
|
|
Gross Total Income |
|
|
-------- 0.229 |
|
|
|
|
|
|
Less: Deductions
(Chapter VI-A) |
|
|
|
|
u/s 80C |
|
|
|
|
P.P.F. |
0.010 |
|
|
|
P.F. |
0.014 -------- |
|
|
|
Total |
0.024 |
|
|
|
|
|
0.024 -------- |
|
|
|
|
|
0.024 -------- |
|
Total Income |
|
|
0.205 |
|
|
|
|
|
|
Round off u/s 288A |
|
|
0.205 |
|
Adjusted total income (ATI) is not more than Rs. 2.000 Million hence AMT not applicable |
|
|
|
|
|
|
|
|
|
Tax Due |
|
0.000 |
|
|
Rebate u/s 87A |
|
0.000 -------- |
|
|
Tax Payable |
|
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
MRS.
RITU AMIT MODANI
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Salaries |
|
|
0.510 |
|
|
|
|
|
|
FS Corpadvise Private Limited: Surat – 395002, Gujarat,
India |
|
|
|
|
|
|
|
|
|
Salary |
|
0.510 |
|
|
Conveyance Allowance |
0.010 |
|
|
|
Less Excempt U/s 10(14) |
0.010 -------- |
|
|
|
|
|
-------- 0.510 |
|
|
Taxable Salary |
|
|
|
|
|
|
|
|
|
Income from
House Property |
|
|
0.000 |
|
Self occupied House (Ownership of 50%) |
|
|
|
|
Address: Flat No. 701, 7th Floor, A-Wing, Raheja Vistas, Chandivali Farm Road, Tungwa, Andheri (East), Mumbai - 400072, Maharashtra, India |
|
|
|
|
Annual Value |
0.000 |
|
|
|
Less: Interest u/s 24(b) |
(0.150) -------- |
|
|
|
|
|
|
|
|
Income from
other Sources |
|
|
0.085 |
|
Interest – FD |
0.085 |
|
|
|
Total |
-------- 0.085 -------- |
|
|
|
|
|
|
|
|
Inter-Head
adjustment of Losses u/s 71 |
|
|
|
|
House Property loss set of from Salary Income Rs. |
|
|
(0.150) -------- |
|
Gross Total Income |
|
|
0.445 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.100 -------- |
|
|
Total Deductions |
|
|
0.100 -------- |
|
Total Income |
|
|
0.345 |
|
Total Income Rounded off u/s 288A |
|
|
0.345 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 |
0.000 |
|
|
|
Tax on Rs. 0.146 (0.346-0.200) @ 10% |
0.015 -------- |
|
|
|
Tax on Rs. 0.345 |
|
0.015 -------- |
|
|
|
|
0.015 |
|
|
Less: Rebate u/s 87A |
|
0.002 -------- |
|
|
|
|
0.013 |
|
|
Add: Education Cess @ 2% |
|
0.000 -------- |
|
|
|
|
0.013 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.000 -------- |
|
|
|
|
0.013 |
|
|
Less Tax
Deducted at Source |
|
|
|
|
Salary |
0.052 |
0.052 -------- |
|
|
|
|
(0.039) |
|
|
|
|
|
|
|
Refundable |
|
(0.039) |
|
------------------------------------------------------------------------------------------------------------------------------
MR. ROHIT ASAWA
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
Income from Business or Profession (Chapter IV D) |
|
|
0.839 |
|
|
|
|
|
|
From Frim Balaji Mining Works (50.00% Shares) |
|
|
|
|
Remuneration |
0.218 |
|
|
|
Interest |
0.069 -------- |
|
|
|
|
0.286 |
|
|
|
Less: |
|
|
|
|
Expenses 0.007 -------- |
0.007 -------- |
0.279 |
|
|
|
|
|
|
|
Balaji Minchem |
|
|
|
|
Net Profit as per Profit and Loss Account |
0.643 |
|
|
|
Add: |
|
|
|
|
Donation |
0.001 |
|
|
|
Depreciation Debited in P&L A/c |
0.051 --------- |
|
|
|
Total |
0.695 |
|
|
|
Less: |
|
|
|
|
Interest paid in personal set 0.084 |
|
|
|
|
Depreciation as per Chart u/s 32 0.051 -------- |
0.135 -------- |
0.560 |
|
|
|
|
|
0.012 |
|
Income from
Other Sources (Chapter IV F) |
|
|
|
|
Interest from Saving Bank A/c |
|
0.002 |
|
|
Interest Income |
|
0.013 -------- |
|
|
|
|
0.015 |
|
|
Less: |
|
|
|
|
Bank Charges |
0.003 -------- |
0.003 -------- |
|
|
|
|
0.012 |
|
|
Gross Total Income |
|
|
-------- 0.851 |
|
Less: Deductions
(Chapter VI-A) |
|
|
|
|
U/s 80C |
|
|
|
|
L.I.P. |
0.101 |
|
|
|
|
|
0.100 |
|
|
u/s 80TTA (Interest from Saving Bank Account) |
|
0.002 -------- |
|
|
|
|
|
0.102 -------- |
|
Total Income |
|
|
0.750 |
|
Round off u/s 288A |
|
|
0.750 |
|
Income Exempt u/s 10 |
|
|
0.070 |
|
Adjusted total income (ATI) is not more than Rs. 2.000 million hence AMT not applicable |
|
|
|
|
Tax due |
|
0.080 |
|
|
Educatioal Cess |
|
0.002 -------- |
|
|
|
|
0.082 |
|
|
T.D.S. |
|
0.001 -------- |
|
|
|
|
0.081 |
|
|
Advance Tax |
|
0.035 -------- |
|
|
|
|
0.046 |
|
|
Interest u/s 234 A/B/C |
|
0.006 -------- |
|
|
|
|
0.052 |
|
|
Deposit u/s 140A |
|
0.052 -------- |
|
|
Tax Payable |
|
0.000 -------- |
|
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
|
Estimated |
Projection |
Projection |
Projection |
|||
|
1 |
|
GROSS SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) |
Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Domestic Sales |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
|
|
|
b) Export Sales |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
c) Sub-total
[a+b] |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
|
|
|
d) %age rise (+)
or fall (-) in net sales as compared to previous year |
100.00% |
10.00% |
10.00% |
10.00% |
|
|
|
|
|
|
|
|
|
|
|
Total |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
|
|
ii) |
Other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)Duty drawback |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
b) Other |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
c)
Commission/Brokerage/interest |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
d) Sub-total
[a+b+c] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Total [i] + [ii] |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
|
2 |
|
COST OF SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) |
Purchases |
72.524 |
80.156 |
88.072 |
96.779 |
|
|
|
|
|
|
|
|
|
|
|
Domestic |
72.524 |
80.156 |
88.072 |
96.779 |
|
|
|
|
|
|
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
ii) |
Other expenses [Process charges, carriage inward,
comm, and brokerage on purchases, etc] |
3.468 |
3.815 |
4.196 |
4.616 |
|
|
|
|
|
|
|
|
|
|
iii) |
Sub-total [i +
ii] |
75.992 |
76.341 |
83.875 |
92.163 |
|
|
|
|
|
|
|
|
|
|
iv) |
Add: Opening
stock |
-- |
7.500 |
8.500 |
9.500 |
|
|
|
|
|
|
|
|
|
|
v) |
Sub-total [iii +
iv] |
75.992 |
83.841 |
92.375 |
101.663 |
|
|
|
|
|
|
|
|
|
|
vi) |
Less: Closing
Stock |
7.500 |
8.500 |
9.500 |
10.500 |
|
|
|
|
|
|
|
|
|
|
vii) |
Sub-total [Total cost of sales] [v - vi] |
68.492 |
75.341 |
82.875 |
91.163 |
|
|
|
|
|
|
|
|
|
3 |
|
Selling, General
and Administrative Expenses (including bonus payments) |
1.200 |
1.275 |
1.350 |
1.425 |
|
|
|
|
|
|
|
|
|
4 |
|
Operating Profit before
interest and Depreciation [1(iii)-2(vii)-3] |
8.068 |
8.920 |
9.864 |
10.911 |
|
|
|
|
|
|
|
|
|
5 |
|
Interest Exp. |
1.575 |
1.663 |
1.750 |
1.750 |
|
|
|
|
|
|
|
|
|
6 |
|
Depreciation |
4.500 |
1.440 |
1.224 |
1.040 |
|
|
|
|
|
|
|
|
|
7 |
|
Operating profit
after interest and depreciation [4-5-6] |
1.993 |
5.817 |
6.890 |
8.120 |
|
|
|
|
|
|
|
|
|
8 |
|
(i) Add other
non-operating income |
|
|
|
|
|
|
|
(a) Discount
received |
-- |
-- |
-- |
-- |
|
|
|
(b) Other Income |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Subtotal (income) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(ii) Deduct other
non-operating expense |
|
|
|
|
|
|
|
(a) Repair and
Maintenance |
-- |
-- |
-- |
-- |
|
|
|
(b) Fuel |
-- |
-- |
-- |
-- |
|
|
|
(c) Utilities |
-- |
-- |
-- |
-- |
|
|
|
Subtotal
(expenses) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(iii) Net of
other non-operating incomes/expenses (net of 8(i) and 8(ii)) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
9 |
|
Profit before
tax/loss (7+8(iii)) |
1.993 |
5.817 |
6.890 |
8.120 |
|
|
|
|
|
|
|
|
|
10 |
|
Provision for tax |
0.616 |
1.798 |
2.129 |
2.509 |
|
|
|
|
|
|
|
|
|
11 |
|
Net profit /
(loss)[9-10] |
1.377 |
4.020 |
4.761 |
5.611 |
|
|
|
|
|
|
|
|
|
12 |
|
(i) Equity
dividend paid/ Drawings |
-- |
-- |
-- |
-- |
|
|
|
(ii) Dividend
Rate |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13 |
|
Retained
Profit[11-12] |
1.377 |
4.020 |
4.761 |
5.611 |
|
|
|
|
|
|
|
|
|
14 |
|
Retained profit /
Net Profit (%age) |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
1 |
Short term borrowings from bank (incl. Bills
purchased, discounted and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
(i) From applicant bank |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
(ii) From other banks |
-- |
-- |
-- |
-- |
|
|
(iii) of which EP and BD |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Sub Total (A) |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
|
|
|
|
|
|
2 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3 |
Sundry Creditors - Trade |
0.596 |
0.659 |
0.724 |
0.795 |
|
|
|
|
|
|
|
|
4 |
Advance payments from customers/deposits
from dealers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
5 |
Provision for Taxation |
0.616 |
1.798 |
2.129 |
2.509 |
|
|
|
|
|
|
|
|
6 |
Dividend Payable |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7 |
Other statutory liabilities (due within one
year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
8 |
Deposits/Instalments of term loan/DPGs/
Debentures, etc.(due within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
9 |
Other current liabilities and Provisions
(due within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Sub Total (B) |
1.212 |
2.456 |
2.853 |
3.305 |
|
|
|
|
|
|
|
|
10 |
Total Current Liabilities [total of 1 to 9] |
13.712 |
14.956 |
15.353 |
15.805 |
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
11 |
Debentures (not maturing within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
12 |
Preference Shares (redeemable after one
year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
13 |
Term loans (excluding instalments payable
within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
14 |
Deferred Payment Credits (excl. instalments
due within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
15 |
Term deposits (repayable after one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
16 |
Other term liabilities |
|
|
|
|
|
|
(a) Unsecured loans from friend and
relatives |
6.300 |
6.300 |
6.300 |
6.300 |
|
|
|
|
|
|
|
|
17 |
Total term liabilities (Total of 11 to 16) |
6.300 |
6.300 |
6.300 |
6.300 |
|
|
|
|
|
|
|
|
18 |
Total Outside Liabilities [10+17] |
20.012 |
21.256 |
21.653 |
22.105 |
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
19 |
Partners Capital |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
|
20 |
General Reserve |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
21 |
Drawing |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
22 |
Withdrawal |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
23 |
Surplus (+) or deficit (-) in Profit and
Loss Account |
1.377 |
5.397 |
10.158 |
15.769 |
|
|
|
|
|
|
|
|
24 |
Net worth |
8.877 |
12.897 |
17.658 |
23.269 |
|
|
|
|
|
|
|
|
25 |
TOTAL LIABILITIES [18+24] |
28.899 |
34.153 |
39.311 |
45.374 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
26 |
Cash and Bank balances |
0.100 |
0.110 |
0.120 |
0.130 |
|
|
|
|
|
|
|
|
27 |
Receivables |
10.759 |
11.952 |
13.714 |
15.794 |
|
|
|
|
|
|
|
|
28 |
Inventories |
7.500 |
8.500 |
9.500 |
10.500 |
|
|
|
|
|
|
|
|
29 |
Advance to suppliers of Raw materials and
stores/spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
30 |
Advance payment of taxes |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
31 |
Other current assets |
0.031 |
0.032 |
0.041 |
0.054 |
|
|
|
|
|
|
|
|
32 |
Total Current asset [Total 26 to 33] |
18.390 |
20.594 |
23.375 |
26.478 |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
33 |
Gross Block (land and building machinery vehicles
work-in-progress) |
15.000 |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
|
|
34 |
Depreciation to date |
4.500 |
5.940 |
7.164 |
8.204 |
|
|
|
|
|
|
|
|
35 |
NET BLOCK (35-36) |
10.500 |
9.060 |
7.836 |
6.796 |
|
|
|
|
|
|
|
|
36 |
Investments/book debts /advances deposits
which are not current assets |
-- |
4.500 |
8.100 |
12.100 |
|
|
|
|
|
|
|
|
37 |
Non consumables stores and spare |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
38 |
Other non-current assets (incl. Dues from director) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
39 |
Total other non-current assets (Total of 38
to 40) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
40 |
Intangible assets (patents, goodwill,
prelim, expenses, bad/ doubtful debts not provided for etc.) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
41 |
TOTAL ASSETS (Total of 34,37,41 and 42) |
28.890 |
34.154 |
39.311 |
45.374 |
|
|
|
|
|
|
|
|
42 |
Tangible net worth (24-42) |
8.877 |
12.897 |
17.658 |
23.269 |
|
|
|
|
|
|
|
|
43 |
Net working Capital [(17+24)-(37+41+42)]
Totally with (34-10) |
4.678 |
5.637 |
8.022 |
10.674 |
|
|
|
|
|
|
|
|
44 |
Current Ratio [32/10] |
1.34 |
1.38 |
1.52 |
1.68 |
|
|
|
|
|
|
|
|
47 |
Total outside liabilities / Net worth (18/44) |
2.25 |
1.65 |
1.23 |
0.95 |
|
|
|
|
|
|
|
|
|
Quasi |
0.90 |
0.78 |
0.64 |
0.53 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STAEMENT OF CURRENT ASSETS AND LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
|
A. CURRENT ASSETS: |
|
|
|
|
|
1 |
Cash and Bank Balances |
0.100 |
0.110 |
0.120 |
0.130 |
|
|
|
|
|
|
|
|
2 |
Investments (other than long term
investments) |
|
|
|
|
|
|
(i) Government and other Trustee securities |
-- |
-- |
-- |
-- |
|
|
(ii) Fixed deposits with banks |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3 |
Receivables |
10.759 |
11.952 |
13.714 |
15.794 |
|
|
|
|
|
|
|
|
4 |
Instalments of deferred receivable (due
within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
5 |
Inventories |
7.500 |
8.500 |
9.500 |
10.500 |
|
|
|
|
|
|
|
|
6 |
Advance to suppliers of Raw materials and
stores/spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
7 |
Advance payment of taxes |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
8 |
Other current assets |
0.031 |
0.032 |
0.041 |
0.054 |
|
|
|
|
|
|
|
|
9 |
Total Current Assets [1 to 8] |
18.390 |
20.594 |
23.375 |
26.478 |
|
|
|
|
|
|
|
|
|
B. CURRENT LAIBILITES (Other than bank
borrowings for working capital) |
|
|
|
|
|
10 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
11 |
Sundry Creditors |
0.596 |
0.659 |
0.724 |
0.795 |
|
|
|
|
|
|
|
|
12 |
Advance payments from customers/deposits
from dealers |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
13 |
Provision for Tax |
0.616 |
1.798 |
2.129 |
2.509 |
|
|
|
|
|
|
|
|
14 |
Dividend Payable |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
15 |
Other statutory liabilities (due within one
year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
16 |
Deposits/Instalments of term loan/DPGs/
Debentures, etc.(due within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
17 |
Other current liabilities and Provisions
(due within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
18 |
Total Current Liabilities [10 to 17] |
1.212 |
2.456 |
2.853 |
3.305 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
1 |
Total Current
Assets |
18.390 |
20.594 |
23.375 |
26.478 |
|
|
|
|
|
|
|
|
2 |
Other Current
Liabilities (other than bank borrowings)
|
1.212 |
2.456 |
2.853 |
3.305 |
|
|
|
|
|
|
|
|
3 |
Working Capital
Gap (WCP) (1-2) |
17.178 |
18.137 |
20.522 |
23.174 |
|
|
|
|
|
|
|
|
4 |
Minimum stipulated
net working Capital - 25% of total current assets other than Export
Receivables |
4.597 |
5.148 |
5.844 |
6.620 |
|
|
|
|
|
|
|
|
5 |
Actual/projected
net working capital (45 in form III) |
4.678 |
5.637 |
8.022 |
10.674 |
|
|
|
|
|
|
|
|
6 |
Item 3 minus item
4 |
12.580 |
12.989 |
14.678 |
16.554 |
|
|
|
|
|
|
|
|
7 |
Item 3 minus item
5 |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
|
|
|
|
|
|
8 |
Maximum
permissible bank finance (item 6 or 7 whichever is less) |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
|
|
|
|
|
|
9 |
Excess
borrowings, if any representing short fall in NWC (4-5) |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
1 |
Sources |
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Net profit (after tax) |
1.377 |
4.020 |
4.761 |
5.611 |
|
|
|
|
|
|
|
|
|
[b] Depreciation |
4.500 |
1.440 |
1.224 |
1.040 |
|
|
|
|
|
|
|
|
|
Partners' Salary and interest |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[c] Increase in Capital |
7.500 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[d] Increased in Term Liab. (incl. Public
deposits) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[e] Decrease in |
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[f] Others (Unsecured Loans) |
6.300 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[g] Total |
19.677 |
5.460 |
5.985 |
6.652 |
|
|
|
|
|
|
|
|
2 |
Application |
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Net Loss |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[b] Decrease in Term Liab. (Incl. Public
deposits) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[c] Increase in |
|
|
|
|
|
|
|
|
|
|
|
|
|
[i] Fixed Assets |
15.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[d] Drawing |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[e] Others (Unsecured loans) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[f] Total |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
3 |
Long Term Surplus (+)
/ Deficit (-)
(1 minus 2) |
4.677 |
5.460 |
5.985 |
6.652 |
|
|
|
|
|
|
|
|
4 |
+ /
(-) in current assets * (As per
details given below) |
18.390 |
2.204 |
2.781 |
3.103 |
|
|
|
|
|
|
|
|
5 |
+ /
(-) in current Liabilities other than bank borrowings |
1.212 |
1.244 |
0.397 |
0.452 |
|
|
|
|
|
|
|
|
6 |
+ /
(-) in working capital Gap |
17.178 |
0.960 |
2.385 |
2.652 |
|
|
|
|
|
|
|
|
7 |
Net Surplus (+) /
deficit (-) (Difference of 3 and 6) |
(12.500) |
4.500 |
3.601 |
4.000 |
|
|
|
|
|
|
|
|
8 |
+ /
(-) in Bank Borrowings |
12.500 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
* Break up
of (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
[i]
+ / (-) in Raw material |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[ii]
+ / (-) in Stock in process |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[iii]
+ / (-) in finished goods |
7.500 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
[iv]
+ / (-) in Receivables |
10.759 |
1.193 |
1.762 |
2.080 |
|
|
|
|
|
|
|
|
|
[a] Domestic |
10.759 |
1.193 |
1.762 |
2.080 |
|
|
|
|
|
|
|
|
|
[b]
Export |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[iii]
+ / (-) in stores and spares |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
[iii]
+ / (-) in other Current Assets |
0.131 |
0.011 |
0.019 |
0.023 |
|
|
|
|
|
|
|
|
|
Total |
18.390 |
2.204 |
2.781 |
3.103 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DETAILS
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
a) |
Partner's capital |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
|
b) |
Tangible Net
worth |
8.877 |
12.897 |
17.658 |
23.269 |
|
|
|
|
|
|
|
|
c) |
Investment in cos (Of which in
group cos) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
d) |
Adjusted TNW |
8.877 |
12.897 |
17.658 |
23.269 |
|
|
|
|
|
|
|
|
e) |
Net Block |
10.500 |
9.060 |
7.836 |
6.796 |
|
|
|
|
|
|
|
|
f) |
Net sales : |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
g) |
Other Income |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
h) |
EBIDTA |
8.068 |
8.920 |
9.864 |
10.911 |
|
|
|
|
|
|
|
|
i) |
Interest |
1.575 |
1.663 |
1.750 |
1.750 |
|
|
|
|
|
|
|
|
j) |
Gross
Profit/(Loss) |
1.993 |
5.817 |
6.890 |
8.120 |
|
|
|
|
|
|
|
|
k) |
Taxes |
0.616 |
1.798 |
2.129 |
2.509 |
|
|
|
|
|
|
|
|
l) |
Cash Accruals |
5.877 |
5.460 |
5.985 |
6.652 |
|
|
|
|
|
|
|
|
m) |
Depreciation |
4.500 |
1.440 |
1.224 |
1.040 |
|
|
|
|
|
|
|
|
n) |
Net Profit/(Loss) |
1.377 |
4.020 |
4.761 |
5.611 |
|
|
|
|
|
|
|
|
o) |
Current Assets |
18.390 |
20.594 |
23.375 |
26.478 |
|
|
|
|
|
|
|
|
p) |
Current
Liabilities |
13.712 |
14.956 |
15.353 |
15.805 |
|
|
|
|
|
|
|
|
q) |
RATIOS : |
|
|
|
|
|
|
|
|
|
|
|
|
r) |
Current ratio |
1.34 |
1.38 |
1.52 |
1.68 |
|
|
|
|
|
|
|
|
|
Debt/Equity : |
|
|
|
|
|
|
|
|
|
|
|
|
s) |
Term liab./
Adjusted TNW |
0.71 |
0.49 |
0.36 |
0.27 |
|
|
|
|
|
|
|
|
t) |
TOL/ Adjusted
TNW |
2.25 |
1.65 |
1.23 |
0.95 |
|
|
|
|
|
|
|
|
u) |
TOL/Quasi Equity |
0.90 |
0.78 |
0.64 |
0.53 |
|
|
|
|
|
|
|
|
v) |
Profitability%:
PAT/ Net Sales |
1.77% |
4.70% |
5.06% |
5.42% |
|
|
|
|
|
|
|
|
w) |
Interest Coverage |
4.73 |
4.28 |
4.42 |
4.80 |
|
|
|
|
|
|
|
|
x) |
Inventory +
Receivables/ Sales (%) |
23.48% |
23.91% |
24.67% |
25.41% |
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
|
|
|
|
|
|
|
|
(a) Total
Current Assets |
18.390 |
20.594 |
23.375 |
26.478 |
|
|
|
|
|
|
|
(b) Other
Current Liabilities |
1.212 |
2.456 |
2.853 |
3.305 |
|
|
|
|
|
|
|
(c) Working
Capital Gap (a - b) |
17.178 |
18.137 |
20.522 |
23.174 |
|
|
|
|
|
|
|
(d) Minimum
stipulated Net Working Capital (25% of "a") |
4.597 |
5.148 |
5.844 |
6.620 |
|
|
|
|
|
|
|
(e)
Actual/Projected Net Working Capital |
4.678 |
5.637 |
8.022 |
10.674 |
|
|
|
|
|
|
|
(f)
(c - d) |
12.580 |
12.989 |
14.678 |
16.554 |
|
|
|
|
|
|
|
(g) (c - e) |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
|
|
|
|
|
(h) MPBF (lower
of "f" and "g") |
12.500 |
12.500 |
12.500 |
12.500 |
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
|
Estimated |
Projection |
Projection |
Projection |
||
|
|
|
|
|
|
|
|
a. |
Gross Sales |
77.760 |
85.536 |
94.090 |
103.499 |
|
|
|
|
|
|
|
|
b. |
25% of Gross
Sales |
19.440 |
21.384 |
23.522 |
25.875 |
|
|
|
|
|
|
|
|
c. |
5% of Gross Sales |
3.888 |
4.277 |
4.704 |
5.175 |
|
|
|
|
|
|
|
|
e. |
(b-c) |
15.552 |
17.107 |
18.818 |
20.700 |
|
|
|
|
|
|
|
|
f. |
Limit Applied |
7.500 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
|
g. |
Permissible Bank
Finance (Lower of e & f) |
7.500 |
7500 |
7.500 |
7.500 |
------------------------------------------------------------------------------------------------------------------------------
MR. ROHIT ASAWA
BALANCE SHEET AS ON 31.03.2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNTS |
||
|
|
|
|
|
|
|
|
Capital Account |
|
2.253 |
Fixed Assets |
|
0.742 |
|
Advance Tax |
(0.035) |
|
Bike RJ36SF3919 |
0.042 |
|
|
Capital |
2.517 |
|
Land at Chawani Road (1/2) |
0.288 |
|
|
Drawing |
(0.008) |
|
Land at Roop Rajat Colony, Delwara Road (1/2) |
0.136 |
|
|
Income Tax |
(0.003) |
|
Plot at Gaddi Thorian (1/2) |
0.085 |
|
|
LIC |
(0.218) --------- |
|
Plot at Karamchari Colony |
0.191 |
|
|
|
|
|
|
|
|
|
Loans (Liability) |
|
0.793 |
Investments |
|
3.092 |
|
Unsecured Loans |
0.187 |
|
Balaji Minchem |
2.008 |
|
|
Balaji Mining Works CC A/c |
0.506 |
|
Balaji Mining Works |
0.770 |
|
|
Jagdish Prasad |
0.100 ---------- |
|
FD with Bob |
0.012 |
|
|
|
|
|
Gajanan Silica Processers Private Limited |
0.302 |
|
|
Current Assets |
|
0.788 |
|
|
|
|
Closing Stock |
-- |
|
|
|
|
|
Deposits (Assets) |
(0.016) |
|
|
|
|
|
Loans and Advances (Asset) |
0.015 |
|
|
|
|
|
Sundry Debtors |
1.017 |
|
|
|
|
|
Cash-in-Hand |
(0.164) |
|
|
|
|
|
Bank Accounts |
(0.040) |
|
|
|
|
|
FD with HDFC |
(0.024) |
|
|
|
|
|
|
|
|
|
|
|
|
Profit & Loss
A/c |
|
|
|
|
|
|
Opening Balance |
|
|
|
|
|
|
Current Period |
0.922 |
|
|
|
|
|
Less: Transferred |
0.922 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
3.834 |
Total |
|
3.834 |
------------------------------------------------------------------------------------------------------------------------------
MR. RAMESH CHANDRA LODHA
BALANCE SHEET AS ON 31.03.2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Capital Account |
8.758 |
Agricultural Land at Beawar |
0.354 |
|
Preeti Bhansali |
0.966 |
Agricultural Land (Family Statement) |
2.801 |
|
TDS Payable |
0.011 |
Building |
1.433 |
|
Rent Advance |
0.184 |
Land at Mogligidda Vill. |
0.501 |
|
|
|
Shop at Nacharam |
0.256 |
|
|
|
NSC |
0.003 |
|
|
|
Capital in PAP |
0.378 |
|
|
|
Capital in Trishla Minerals |
3.798 |
|
|
|
P.P.F. |
0.197 |
|
|
|
Shares-Mahesh Bank |
0.004 |
|
|
|
Reliance M F |
0.015 |
|
|
|
Siddharth Lodha |
0.010 |
|
|
|
TDS Receivable |
0.045 |
|
|
|
Interest Receivable |
0.007 |
|
|
|
Rent-KM |
0.042 |
|
|
|
Rent-Aryan |
0.013 |
|
|
|
Andhra Bank |
0.056 |
|
|
|
Cash in Hand |
0.006 |
|
|
|
|
|
|
Total |
9.919 |
Total |
9.919 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. BHUVAN JAIN
(RS. IN MILLIONS)
|
|
PARTICULARS |
AMOUNT |
|
A |
Immovable Assets |
0.000 |
|
|
|
|
|
|
Total (A) |
0.000 |
|
|
|
|
|
B |
Movable Assets |
|
|
|
Jewellary |
0.157 |
|
|
FD Deposit Axis Bank |
0.019 |
|
|
Vehicle Honda |
0.054 |
|
|
Cash in hand |
0.132 |
|
|
Investment PPF |
0.015 |
|
|
Total (B) |
0.377 |
|
|
|
|
|
|
Total Assets (A + B) |
0.377 |
|
|
|
|
|
C |
Liabilities |
|
|
|
Secured Loan |
0.000 |
|
|
Total (C) |
0.000 |
|
|
|
|
|
|
Net Worth
(A+B)-C |
0.377 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. RITU AMIT MODANI
(RS. IN MILLIONS)
|
|
PARTICULARS |
AMOUNT |
|
A |
Immovable Assets |
20.000 |
|
|
|
|
|
|
Total (A) |
20.000 |
|
|
|
|
|
B |
Movable Assets |
|
|
|
Jewellary |
4.000 |
|
|
Bank Balance |
0.200 |
|
|
Vehicle (XUV) |
1.400 |
|
|
Investment |
1.000 |
|
|
Total (B) |
6.600 |
|
|
|
|
|
|
Total Assets (A + B) |
26.600 |
|
|
|
|
|
C |
Liabilities |
|
|
|
Secured Loan |
5.600 |
|
|
Total (C) |
5.600 |
|
|
|
|
|
|
Net Worth
(A+B) - C |
21.000 |
------------------------------------------------------------------------------------------------------------------------------
PROFILE
Subject is a Partnership Firm Incorporated on 10 December, 2014. Its Registered Office at: Flat No.F-202, Heerawala Industrial Area (Extn), Village Kanota, Jaipur, Rajasthan. Pin- 303012. There are four partners in the firm each having relevant experience of in their field and also having good relation with the entrepreneur which are also prospective buyer of the products.
Mr. Rohit Asawa is responsible for monitoring all sales and also financial activity of firm.
Mr. Bhuvan Jain looks after operation and production activities.
Mr. Ramesh Lodha is responsible for the accounting activity of firm
Mrs. Ritu Amit Modani looks after administrative activity of firm.
As firm is
manufacturing a business utility chemical (viz: sodium silicate) which is
utilise for the various purpose:
It is used
as a main ingredient for soap and detergent industry. It is utilized in textile
industries and Paper Industry. It is extensively used in the
manufacturing of Detergents, Silica Gel, Card-board, Paper, Textiles, Paints,
Adhesives, Pottery, Sanitary ware, Refractoriness, Foundry and Wood Processing
Industries because of its very good binding, adhesive, bleaching and sizing
properties respectively. It is also used as electrolyte in keeping fine
particles in suspension (of water) without allowing them to settle down.
Firm is also having local area benefit as, there are many Cement Industries in Rajasthan. And also many textile, soap and detergent industries are there in Gujarat, MP, Delhi, UP and etc which are near-by states to Rajasthan.
Firm is in Production of multiple grades of product, in order to satisfy the varying needs of their customers, firm is engaged in offering a wide grade of Sodium Silicate, which also includes paints grade Sodium Silicate.
Annual production capacity of the firm is 10800 MT of sodium silicate.
Revenue generate on working at 100% capacity is 10800 MT * Rs. 12500000/MT = Rs. 135.000 Million.
At the initial level firm is planning to operate at 60% of its installed capacity which result to generate revenue of Rs. 77.500 Million (approx) and a profit at 4.5% (approx).
------------------------------------------------------------------------------------------------------------------------------
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. 62.82 |
|
|
1 |
Rs. 93.85 |
|
Euro |
1 |
Rs. 67.59 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
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.