MIRA INFORM REPORT

 

 

Report No. :

355724

Report Date :

22.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PRO DIGITAL PRESS

 

 

Registered Office :

Opposite Mukhya Kumar Shala, Near Taskand Petrol Pump, Anand – 388001, Gujarat

Mobile No.:

91-9978512901 (Mr. Brijesh Pankajbhai Patel)

 

 

Country :

India

 

 

Financials (as on) :

--

 

 

Date of Establishment :

08.12.2015

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Applicable [As claimed by Company management, the Company does not Export and Import]

 

 

PAN No.:

[Permanent Account No.]

AUKPP4237A

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Manufacturer of Photo Book Album. (Confirmed by Management)

 

 

No. of Employees :

7 (2 in Office and 5 in Factory) (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

 

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new proprietorship concern established on 8th December 2015. It is a manufacturer of photo book album.

 

Mr. Brijesh P. Patel (Proprietor) has provided us with relevant information and claimed that the concern has started its commercial operation since its inception.

 

Business is active. No payment are known.

 

The concern can be considered for business dealing on fully safe and secure 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Brijesh Pankajbhai Patel

Designation :

Proprietor

Contact No.:

91-9978512901

Date :

19.12.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Opposite Mukhya Kumar Shala, Near Taskand Petrol Pump, Anand – 388001, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9978512901 (Mr. Brijesh Pankajbhai Patel)

Fax No.:

91-2692-266908

E-Mail :

bhuilu5013@gmail.com

Area :

600 Sq. ft.

Location :

Rented

 

 

SOLE PROPRIETOR

 

Name :

Mr. Brijesh Pankajbhai Patel

Designation :

Proprietor

Address :

801, Desai Complex, Behind Civil Court, Gokul Wadi, Anand – 388001, Gujarat, India

Date of Birth/Age :

26.04.1981

Qualification :

H.S.C

Experience :

10 Years

PAN No.:

AUKPP4237A

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Photo Book Album. (Confirmed by Management)

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

 

Selling :

Cash and Credit (30 Days)

 

 

Purchasing :

Cash and Credit (30 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Others

 

Reference:

--

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

7 (2 in Office and 5 in Factory) (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

Anand, Gujarat, India

Person Name (with Designation):

Ms. Ashwarya Bansal (Officer)

Contact Number:

91-8469189065

Name of Account Holder:

Pro Digital Press

Account Number:

280120110000341

Account Since (Date/ Year of A/c Opening):

09.12.2015

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

No Facilities

Account Operation:

New Account

Remarks: --

 

 

Facilities :

--

 

 

 

Auditors :

 

Name :

Bhavin Parikh and Company

Chartered Accountants

Address :

Anand, Gujarat, India

Mob. No.:

91-9825272937

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Sister Concern :

·         Atul Xerox

Gumdi Vod, Char Rasta, Anand, Gujarat, India

Activity: Xerox, Printout, Colour Print Jobwork

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 


 

FINANCIAL DATA

[all figures are in Rupees Million]

 

NEW BUSINESS

 

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

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

Yes

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

------------------------------------------------------------------------------------------------------------------------------

 

COMPUTATION OF TOTAL INCOME

 

MR. BRIJESH PANKAJBHAI PATEL

 

(RS. IN MILLION)

 

PARTICULARS

31.03.2015

 

 

 

 

 

Income from Salary (Chapter IV A)

 

 

0.162

Atul Xerox

 

 

 

Gamdivad Char Rasta Gamdi, Anand, Gujarat 388001

 

 

 

Salary

 

0.162

 

 

 

 

 

Income from Other Sources (Chapter IV F)

 

 

0.127

Misc. Jobwork Income

 

0.120

 

Misc. Other Income

 

0.007

 

 

 

-----------

 

 

 

0.127

 

 

 

 

-----------

Gross Total Income

 

 

0.289

 

 

 

 

Less: Deductions (Chapter VI-A)

 

 

 

u/s 80B

 

 

 

L.I.P.

0.007

 

 

 

 

0.007

 

 

 

-----------

0.007

 

 

 

-----------

Total Income

 

 

0.282

Round off u/s 288A

 

 

0.282

Adjusted total income (ATI) is not more than Rs. 2.000 Million hence AMT not applicable.

 

 

 

 

 

 

 

Tax Due

 

0.003

 

Rebate u/s 87A

 

0.002

 

 

 

-----------

 

 

 

0.001

 

Educational Cess

 

0.000

 

 

 

-----------

 

 

 

0.001

 

Interest u/s 234 A/B/C

 

0.000

 

 

 

-----------

 

 

 

0.001

 

Deposit u/s 140A

 

0.001

 

 

 

-----------

 

Refundable (Round off u/s 288B)

 

0.000

 

 

------------------------------------------------------------------------------------------------------------------------------

 

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

 

OPERATING STATEMENT

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2016

2017

2018

2019

2020

 

 

[Projection]

1

Gross Sales

0.900

1.500

1.800

1.200

2.400

 

1. Domestic Sales

 

 

 

 

 

 

2. Export Sales

 

 

 

 

 

 

3. Job Work/ Scrap Labour Income 

 

 

 

 

 

 

Total

0.900

1.500

1.800

1.200

2.400

 

 

 

 

 

 

 

2

Less: VAT Sales Tax 

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

3

Net Sales

0.900

1.500

1.800

1.200

2.400

 

 

 

 

 

 

 

4

%age rise (+) or fall (-) in net sales as compared to previous year

--

--

--

--

--

 

 

 

 

 

 

 

5

Cost of Sales

 

 

 

 

 

 

1. Raw Material [Including stores and other items used in the process of manufacture]

 

 

 

 

 

 

- Imported

0.000

0.000

0.000

0.000

0.000

 

- Indigenous

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

2. Rent, Rates and Taxes

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

3. Other Spares 

 

 

 

 

 

 

- Imported

0.000

0.000

0.000

0.000

0.000

 

- Indigenous

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Repairs and Maintenance

0.000

0.025

0.030

0.035

0.040

 

 

 

 

 

 

 

 

4. Power and Fuel

0.006

0.010

0.012

0.014

0.016

 

 

 

 

 

 

 

 

5. Direct Labour

0.120

0.250

0.275

0.300

0.330

 

 

 

 

 

 

 

 

6. Other Manufacturing Expenses  

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

7. Depreciation

0.236

0.219

0.202

0.187

0.173

 

 

 

 

 

 

 

 

Sub-total [1 + 6]

0.362

0.504

0.519

0.536

0.559

 

 

 

 

 

 

 

 

7. Add: Opening stock in process

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Sub-total

0.362

0.504

0.519

0.536

0.559

 

 

 

 

 

 

 

 

8. Less: Closing Stock in process

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Cost of Production

0.362

0.504

0.519

0.536

0.559

 

 

 

 

 

 

 

 

9. Add: Opening stock of finished goods

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Sub-total

0.362

0.504

0.519

0.536

0.559

 

 

 

 

 

 

 

 

10. Less: Closing Stock of finished goods

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Total Cost of Sales

0.362

0.504

0.519

0.536

0.559

 

 

 

 

 

 

 

6

Selling, General & Administrative Expenses

0.090

0.150

0.180

0.210

0.240

 

 

 

 

 

 

 

7

Sub-total

0.452

0.654

0.699

0.746

0.799

 

 

 

 

 

 

 

8

Operating Profit before Interest

0.448

0.846

1.101

1.354

1.601

 

 

 

 

 

 

 

9

Interest                               

0.075

0.276

0.217

0.150

0.082

 

 

 

 

 

 

 

10

Operating Profit after Interest

0.373

0.570

0.884

1.204

1.519

 

 

 

 

 

 

 

11

1. Add: Other Non-Operating Income

0.000

0.000

0.000

0.000

0.000

 

Sub-total [Income]

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

2. Deduct: Other Non-Operating Expenses

 

 

 

 

 

 

Preliminary Expenses

0.000

0.000

0.000

0.000

0.000

 

Sub-total [Expenses]

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

3. Net off Other Non-Operating Income/ Expenses [Net off]

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

12

Profit before Tax/ (Loss)

0.373

0.570

0.884

1.204

1.519

 

 

 

 

 

 

 

13

Provision for Taxes

0.000

0.015

0.072

0.143

0.241

 

 

 

 

 

 

 

14

Net Profit [12-13]

0.373

0.555

0.812

1.061

1.278

 

 

 

 

 

 

 

15

Equity Dividend Paid

 

 

 

 

 

 

Dividend Rate

2.50

3.00

5.00

6.00

7.50

 

 

 

 

 

 

 

16

Retained Profit [14-15]

0.123

0.255

0.312

0.461

0.528

 

 

 

 

 

 

 

17

Retained Profit / Net Profit (%age)

33%

46%

38%

43%

41%

 

------------------------------------------------------------------------------------------------------------------------------

 

ANALYSIS OF BALANCE SHEET

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2016

2017

2018

2019

2020

 

 

[Projection]

 

CURRENT LIABILITIES

 

 

 

 

 

1

Short term borrowings from banks (incl. Bills purchased, discounted & excess borrowings placed on repayment basis)

 

 

 

 

 

 

From Applicant Bank

0.000

0.000

0.000

0.000

0.000

 

From Trading Business 

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

 

 

 

 

 

 

 

3

Sundry Creditors [Trade]

--

--

--

--

--

 

 

 

 

 

 

 

4

Advance/ Progress payments from customers/ deposits from dealers

--

--

--

--

--

 

 

 

 

 

 

 

5

Provision for Taxation

--

--

--

--

--

 

 

 

 

 

 

 

6

Vehicle Loan Instalment

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

7

Other Statutory Liabilities [due within one year]

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

8

Deposits/ Instalment of Term Loans/ DPGs/ Debentures etc. (due within one year)

0.396

0.528

0.528

0.528

0.383

 

 

 

 

 

 

 

9

Other current liabilities & Provisions

(due within one year)

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

10

TOTAL CURRENT LIABILITIES

0.396

0.528

0.528

0.528

0.383

 

 

 

 

 

 

 

 

TERM LIABILITIES

 

 

 

 

 

11

Debentures

--

--

--

--

--

 

 

 

 

 

 

 

12

Preference Shares [redeemable after one year]

 

 

 

 

 

 

Vehicle Loan

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

13

Term loans [Excluding Inst. Payable within 1 year]

1.967

1.439

0.911

0.383

0.000

 

 

 

 

 

 

 

 

SHORT TERM LOAN

 

 

 

 

 

14

Deferred Payment Credits (excl. instalments due within one year)

--

--

--

--

--

 

 

 

 

 

 

 

15

Term Deposits (repayable after one year)

0.000

0.000

0.000

0.000

0.000

 

Deferred Tax Liabilities

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

16

Other Term Liabilities [Unsecured Loans]

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

17

TOTAL TERM LIABILITIES

1.967

1.439

0.911

0.383

0.000

 

 

 

 

 

 

 

18

TOTAL OUTSIDE LIABILITIES

2.363

1.967

1.439

0.911

0.383

 

 

 

 

 

 

 

 

NET WORTH

 

 

 

 

 

19

Ordinary Share Capital

0.960

1.215

1.527

1.988

2.516

 

 

 

 

 

 

 

20

General Reserve

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

21

Revaluation Reserve

--

--

--

--

--

 

 

 

 

 

 

 

22

Other Reserves (excluding provisions) [subsidy]

--

--

--

--

--

 

 

 

 

 

 

 

23

Profit & Loss Account

--

--

--

--

--

 

 

 

 

 

 

 

24

NETWORTH

0.960

1.215

1.527

1.988

2.516

 

 

 

 

 

 

 

25

TOTAL LIABILITIES

3.323

3.182

2.966

2.899

2.899

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

26

Cash & Bank balances

0.309

0.237

0.073

0.043

0.066

 

 

 

 

 

 

 

27

Investments [other than long term investments eg. Sinking fund etc.]

 

 

 

 

 

 

- Govt. and other trustee securities

0.000

0.000

0.000

0.000

0.000

 

- Fixed Deposits with banks

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

28

Receivables other than Deferred and Export

 

 

 

 

 

 

Domestic Receivables

0.100

0.250

0.400

0.550

0.700

 

Export Receivables

--

--

--

--

--

 

 

 

 

 

 

 

29

Installments of deferred receivables [due within 1 year]

--

--

--

--

--

 

 

 

 

 

 

 

30

Inventory

 

 

 

 

 

 

(i) Raw materials (including stores and other items in process of manufacture)

 

 

 

 

 

 

(a) Imported

--

--

--

--

--

 

(b) Indigenous

--

--

--

--

--

 

 

 

 

 

 

 

 

(ii) Stock-in-process

--

--

--

--

--

 

 

 

 

 

 

 

 

(iii) Finished Goods

--

--

--

--

--

 

 

 

 

 

 

 

 

(iv) Other consumable stores

 

 

 

 

 

 

(a) Imported

--

--

--

--

--

 

(b) Indigenous

--

--

--

--

--

 

 

 

 

 

 

 

31

Advance to suppliers of Raw materials

--

--

--

--

--

 

 

 

 

 

 

 

32

Advance payment of taxes

--

--

--

--

--

 

 

 

 

 

 

 

33

Other current assets

--

--

--

--

--

 

 

 

 

 

 

 

34

TOTAL CURRENT ASSETS

0.409

0.487

0.473

0.593

0.766

 

 

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

 

35

Gross Block

3.150

3.150

3.150

3.150

3.150

 

 

 

 

 

 

 

36

Depreciation to date

0.236

0.455

0.657

0.844

1.017

 

 

 

 

 

 

 

37

Net Block (35-36)

2.914

2.695

2.493

2.306

2.133

 

 

 

 

 

 

 

 

OTHER NON-CURRENT ASSETS

 

 

 

 

 

38

Investments in subsidiary companies

 

 

 

 

 

 

Investments in Subsidiary companies

0.000

0.000

0.000

0.000

0.000

 

Others

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Advance to suppliers of Capital Goods and Contractor

--

--

--

--

--

 

 

 

 

 

 

 

 

Deferred receivables over six months

--

--

--

--

--

 

 

 

 

 

 

 

 

Others Jantan Cooperative Bank Shares

--

--

--

--

--

 

 

 

 

 

 

 

39

Non-Consumable Stores/ Spares

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

40

Other non-current assets including dues from Directors

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

41

Total Other Non-Current Assets

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

42

Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided for etc.)

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

43

TOTAL ASSETS

3.323

3.182

2.966

2.899

2.899

 

 

 

 

 

 

 

 

Tangible Net worth 

0.960

1.215

1.527

1.988

2.516

 

 

 

 

 

 

 

 

Net Working Capital

0.013

(0.041)

(0.055)

0.065

0.383

 

 

 

 

 

 

 

 

Current Ratio

1.03

0.92

0.90

1.12

2.00

 

 

 

 

 

 

 

 

Total Outside Liabilities / Net Worth 

2.46

1.62

0.94

0.46

0.15

 

------------------------------------------------------------------------------------------------------------------------------

 


FUND FLOW STATEMENT

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2016

2017

2018

2019

2020

 

 

[Projection]

 

SOURCES

 

 

 

 

 

 

Net Profit (after tax)

0.373

0.555

0.812

1.061

1.278

 

 

 

 

 

 

 

 

Depreciation

0.236

0.219

0.202

0.187

0.173

 

 

 

 

 

 

 

 

Increase in Capital

0.837

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Increase in Term Liabilities (Including Term Loan Public Deposit)

2.363

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Decrease in

 

 

 

 

 

 

Fixed Assets

0.000

0.000

0.000

0.000

0.000

 

Other Non-Current Assets

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Others Investment allowance – Subsidy

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Total

3.809

0.774

1.014

1.248

1.451

 

 

 

 

 

 

 

 

USERS

 

 

 

 

 

 

Net Loss

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Decrease in Capital

0.250

0.300

0.500

0.600

0.750

 

 

 

 

 

 

 

 

Decrease in Term Liabilities

0.396

0.528

0.528

0.528

0.383

 

 

 

 

 

 

 

 

Increase in

 

 

 

 

 

 

Fixed Assets

3.150

0.000

0.000

0.000

0.000

 

Other Non-Current Assets

0.000

0.000

0.000

0.000

0.000

 

Preliminary and Pre-Operative Expenses

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Dividend Payment

--

--

--

--

--

 

 

 

 

 

 

 

 

Others

--

--

--

--

--

 

 

 

 

 

 

 

 

Total

3.796

0.828

1.028

1.128

1.133

 

 

 

 

 

 

 

3

Long term Loan/ deficit

0.013

(0.054)

(0.014)

0.120

0.318

 

 

 

 

 

 

 

4

Increase/ Decrease in Current Assets

0.409

0.078

(0.014)

0.120

0.173

 

 

 

 

 

 

 

5

Increase/ Decrease in Current Liabilities other than Bank Borrowing

0.396

0.132

0.000

0.000

(0.145)

 

 

 

 

 

 

 

6

Increase/ Decrease in Working Capital Gap

0.013

(0.054)

(0.014)

0.120

0.318

 

 

 

 

 

 

 

7

Net Surplus (+) /  deficit (-)  (Difference of 3 & 6)

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

8

Increase/ Decrease in Bank Borrowings

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

INCREASE/ DECREASE IN NET SALES

0.900

1.500

1.800

2.100

2.400

 

 

 

 

 

 

 

 

* Break up  of (4)

 

 

 

 

 

 

Increase/ Decrease in Raw material

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Increase/ Decrease in Stock in process

--

--

--

--

--

 

 

 

 

 

 

 

 

Increase/ Decrease in finished goods

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Increase/ Decrease in Receivables

0.000

0.150

0.150

0.000

0.000

 

Domestic

--

--

--

--

--

 

Export

--

--

--

--

--

 

 

 

 

 

 

 

 

Increase/ Decrease in Stores & Spares

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Increase/ Decrease in Other Current Assets

0.309

(0.072)

(0.164)

(0.030)

0.023

 

 

 

 

 

 

 

 

Total

0.309

0.078

(0.014)

(0.030)

0.023

 

------------------------------------------------------------------------------------------------------------------------------

 


COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2016

2017

2018

2019

2020

 

 

[Projection]

1

CURRENT ASSETS

 

 

 

 

 

 

Raw materials [including stores and other items used in the process of manufacturer]

 

 

 

 

 

 

Imported

--

--

--

--

--

 

Month consumption

--

--

--

--

--

 

 

 

 

 

 

 

 

Indigenous

0.000

0.000

0.000

0.000

0.000

 

Month consumption

--

--

--

--

--

 

 

 

 

 

 

 

 

Other consumable spares [excluding those included under items]

0.000

0.000

0.000

0.000

0.000

 

Imported

--

--

--

--

--

 

Month consumption

--

--

--

--

--

 

 

 

 

 

 

 

 

Indigenous

--

--

--

--

--

 

Month consumption

--

--

--

--

--

 

 

 

 

 

 

 

 

Packing and Fuel Expenses

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Stock in process Months cost of Production

--

--

--

--

--

 

 

 

 

 

 

 

 

Finished Goods Months Cost Sales

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Receivables other than Deferred and Export receivables [including bills purchased and discounted by bankers]

0.100

0.250

0.400

0.550

0.700

 

 

 

 

 

 

 

 

Export Receivables [including bills purchased and discounted by bankers]

--

--

--

--

--

 

 

 

 

 

 

 

 

Advance to suppliers of Raw materials & stores/spares

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Other Current Assets [including cash and bank balances and deferred receivables due within 1 year]

0.309

0.237

0.073

0.043

0.066

 

 

 

 

 

 

 

 

TOTAL CURRENT ASSETS

[To agree with items 38 in Form IIIA]

0.409

0.487

0.473

0.593

0.766

 

 

 

 

 

 

 

2

CURRENT LIABILITIES

 

 

 

 

 

 

[Other than bank borrowings for working capital]

 

 

 

 

 

 

Creditors for purchase of raw materials and stores and consumable spares

0.000

0.000

0.000

0.000

0.000

 

[Months purchase]

--

--

--

--

--

 

 

 

 

 

 

 

 

Advance from Customers

--

--

--

--

--

 

 

 

 

 

 

 

 

Other Statutory Liabilities

--

--

--

--

--

 

 

 

 

 

 

 

 

Other Current Liabilities [major items to be specified individually]

0.396

0.528

0.528

0.528

0.383

 

 

 

 

 

 

 

 

Sub Total

[To agree with sub-total [8] in Form IIIA]

0.396

0.528

0.528

0.528

0.383

 

------------------------------------------------------------------------------------------------------------------------------

 

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2016

2017

2018

2019

2020

 

 

[Projection]

 

 

 

 

 

 

 

1

Total Current Assets (Form IV)

0.409

0.487

0.473

0.593

0.766

 

 

 

 

 

 

 

2

Other Current Liabilities

0.396

0.528

0.528

0.528

0.383

 

 

 

 

 

 

 

3

Working Capital Gap

0.013

(0.041)

(0.055)

0.065

0.383

 

 

 

 

 

 

 

4

Minimum stipulated net working Capital - 25% of total current assets other than Export Receivables

0.102

0.122

0.118

0.148

0.191

 

 

 

 

 

 

 

5

Actual/Projected net working capital

0.013

(0.041)

(0.055)

0.065

0.383

 

 

 

 

 

 

 

6

Item 3 minus item 4

(0.089)

(0.163)

(0.173)

(0.083)

0.192

 

 

 

 

 

 

 

7

Item 3 minus item 5

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

8

Maximum permissible bank finance (item 6 or 7)

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

9

Excess borrowings, if any representing short fall in NWC

0.000

0.000

0.000

0.000

0.000

 

------------------------------------------------------------------------------------------------------------------------------

 

NETWORTH STATEMENT

 

MR. BRIJESH P. PATEL

 

(RS. IN MILLION)

 

BANK A/C

 

Bank

Branch

S/B, C/D A/c. No.

Last 6 Months Avg. Balance

 

 

 

 

Bank of India

Anand Station Road, Anand, Gujarat, India

Saving Account

280110100026285

13.04.2006

Rs. 0.010 Million

 

 

DETAILS OF ASSETS

 

MOVABLE PROPERTY

 

INSURANCE POLICIES

 

Name of Company & Branch

Policy No

Dt. of issue

Surrender Value

Annual premium

Bhartiya Jeevan Bima Nigam

879132459

28.11.2013

0.200

0.012

 

 

 

 

 

Bhartiya Jeevan Bima Nigam

877626571

23.05.2011

0.150

0.010

 

 

 

 

 

Bhartiya Jeevan Bima Nigam

877626670

26.04.2011

0.100

0.027

 

VEHICLES

 

Type of Vehicle

Model

Year to make

Cost at the time of purchase

RC Book details

Present Value

 

 

 

 

 

 

Car

Logan

2012

0.550

GJ23 7297

0.350

 

 

 

 

 

 

Honda

Splendor

2010

0.055

GJ23 2209

0.035

 

JEWELLERY

 

 

Quantity

 

Valuation (Approx.)

Gold

20 kg

0.600

 

 

 

Silver

40 kg

0.120

 

CAPITAL INVESTED IN BUSINESS

 

Name of Firm

 

Amount in Million

 

 

Pro Digital Press

0.960

 

 

LEGAL HEIRS / FAMILY PARTICULARS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Jamina

Housewife

Wife

32 Years

Married

801, Desai Complex, Behind Civil Court, Gokul Wadi, Anand – 388001, Gujarat, India

 

 

 

 

 

Sanvi

--

Daughter

6 Months

Unmarried

 

------------------------------------------------------------------------------------------------------------------------------

 

TRADE REFERENCES

 

·         Chamunda Multimax, Ahmedabad (91-9375818336)

·         Hari Om Lamination (91-9898086624)

·         Pixels Creation (91-9173378297)

·         Mansi Movies (91-9574332097)

·         S.G. Creation Hub, Anand (91-7802871723)

 

------------------------------------------------------------------------------------------------------------------------------


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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. 66.32

UK Pound

1

Rs. 98.99

Euro

1

Rs. 72.13

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

AMR

 

 

Report Prepared by :

BVA

 


 

 

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

 

--

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.