MIRA INFORM REPORT
|
Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TETRADRIP PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
83, Holding Khalbilmath, 7 No. Ward, 346, G.T. Road, Ruby Palace Lane,
Burdwan – 713101, West Bengal |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
30.11.2014 (Provisional) |
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|
|
|
Date of
Incorporation : |
17.04.2013 |
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|
|
|
Com. Reg. No.: |
192301 |
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Capital
Investment / Paid-up Capital : |
Rs. 11.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33111WB2013PTC192301 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECT5982D |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Normal Saline, Dextrose 5%, Dextrose 5% INJ and
Dextrose 5% and SC 0.9 INJ. |
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|
|
|
No. of Employees
: |
100 (Approximately) [In Office: 10 + In Factory: 90] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence its commercial operation |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the company was incorporated on 17/04/2013 it is yet to
commence tis commercial operations. Mr. Arvind Khaitan (Director) has provided us with all information.
Further, he also claimed that the company will start its business activity
from July or August 2015. However, business is active as per the status shown in the registrar
of companies. Payment terms are reported to be unknown. The company can be considered for business dealings on safe and
secured 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. Arvind Khaitan |
|
Designation : |
Director |
|
Contact No.: |
91-9434007611 |
|
Date : |
30.12.2014 |
LOCATIONS
|
Registered Office : |
83, Holding Khalbilmath, 7 No. Ward, 346, G.T. Road, Ruby Palace Lane,
Burdwan – 713101, West Bengal, India |
|
Tel. No. : |
Not Available |
|
Mobile No. : |
91-9434007611 (Mr. Arvind Khaitan) |
|
Fax No. : |
Not Available |
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E-Mail : |
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Area : |
300 Sq.ft. |
|
Location : |
Leased |
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|
Factory : |
Village and P.O.: Barakashiara, District Burdwan – 713141, West Bengal,
India |
|
Mob. No.: |
91-9434007611 |
|
Area : |
2.74 Acres |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sandeep Kumar Bhimrajka |
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|
Designation : |
Director |
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Address : |
2 No, Khalui Bill Lane, Dakshinangh, Burdwan - 713101,
West Bengal, India |
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Date of Birth/Age : |
01.04.1967 |
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Qualification : |
Graduate |
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Experience : |
20 Years |
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Date of Appointment : |
17.04.2013 |
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PAN No.: |
AEAPB1126N |
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Voter ID No. : |
FKH3599156 |
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DIN No. : |
06519420 |
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Name : |
Mr. Rajesh Khaitan |
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Designation : |
Director |
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Address : |
196, Kachari Road, Burdwan – 713101, West Bengal, India |
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Date of Birth/Age : |
01.06.1979 |
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Qualification : |
Graduate |
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Experience : |
20 Years |
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Date of Appointment : |
17.04.2013 |
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PAN No. : |
AERPK9266P |
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Voter ID No. : |
WB/38/262/123196 |
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DIN No. : |
00702641 |
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Other Directorship :
|
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Name : |
Mr. Arvind Khaitan |
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|
Designation : |
Director |
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Address : |
196, Kachari Road, Burdwan – 713101, West Bengal, India |
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Date of Birth/Age : |
05.04.1985 |
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Qualification : |
Graduate |
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Experience : |
12 Years |
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Date of Appointment : |
17.04.2013 |
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PAN No. : |
ALHPK7241D |
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Voter ID No. : |
GDV2481802 |
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DIN No. : |
00717027 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Arvind Khaitan |
3300 |
33.00 |
|
Rajesh Khaitan |
3300 |
33.00 |
|
Sandeep Kumar Bhimrajka |
3400 |
34.00 |
|
Total |
10000 |
100.00 |
Allottees as on 30.11.2014
|
Names of Allottees |
No. of Shares |
|
Arvind Khaitan |
410000 |
|
Rajesh Khaitan |
360000 |
|
Sandeep Kumar Bhimrajka |
350000 |
|
Total |
1120000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Normal Saline, Dextrose 5%, Dextrose 5% INJ and
Dextrose 5% and SC 0.9 INJ. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Credit (30 Days) |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Normal Saline, Dextrose 5%, Dextrose 5% INJ and Dextrose 5% and SC 0.9
INJ |
Bottles |
180 Lacs P.A. |
150 Lac P.A. |
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GENERAL INFORMATION
|
Suppliers : |
Sukhjit Starch Address: Punjab, India Mob. No.: 91-9357772020 Activity: Supplier of Dextrose Anhydrous. |
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Customers : |
Wholesalers and End Users
Ma Radhika
Distributors Address: Govind Mitra Road, Patna, Bihar, India Mob. No.: 91-9431446926 Contact Person: Mr. Bijay Kumar |
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No. of Employees : |
100 (Approximately) [In Office: 10 + In Factory: 90] |
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Bankers : |
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Auditors : |
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Name : |
Aich Ray Das and Chattopadhyay Chartered Accountants |
|
Address : |
Room No. 1, 3rd Floor, 399, G.T. Road, ICICI Bank Building, Burdwan – 713101, West Bengal, India |
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Tel. No. : |
91-342-2568897 |
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Mobile No. : |
91-9434474364/ 9434252742 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAMFA5740K |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1130000 |
Equity Shares |
Rs.10/- each |
Rs. 11.300 Millions |
|
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|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
30.11.2014 (8 Months) (Provisional) |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
11.300 |
0.100 |
|
(b) Reserves & Surplus |
|
0.000 |
0.000 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
0.000 |
0.100 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
5.100 |
|
(b) Trade
payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
0.000 |
0.005 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
0.000 |
5.105 |
|
|
|
|
|
|
TOTAL |
|
11.300 |
5.205 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2.850 |
2.751 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
7.130 |
2.073 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.181 |
|
Total Non-Current
Assets |
|
9.980 |
5.005 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
0.690 |
0.200 |
|
(e) Short-term
loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
0.630 |
0.000 |
|
Total
Current Assets |
|
1.320 |
0.200 |
|
|
|
|
|
|
TOTAL |
|
11.300 |
5.205 |
KEY RATIOS
|
PARTICULARS |
|
|
30.11.2014 (8 Months) (Provisional) |
31.03.2014 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.00 |
0.04 |
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 |
Yes |
|
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 |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS. IN MILLIONS)
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
Arvind Khaitan |
2.200 |
|
Rajesh Khaitan |
1.800 |
|
Sandeep Kumar Bhimrajka |
1.100 |
|
Total |
5.100 |
------------------------------------------------------------------------------------------------------------------------------
MR. ARVIND KUMAR KHAITAN
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
A. Income
from Business |
|
|
|
|
|
|
|
|
|
Interest and Remuneration from Charu Karan Rice Mill |
|
0.000 |
|
|
|
|
|
|
|
Own
Business u/s. 44 AD |
|
|
|
|
Gross Sales estimated |
1.099 |
|
|
|
|
|
0.088 |
|
|
|
|
|
0.088 |
|
|
|
|
|
|
B. Income
from Other Sources |
|
|
|
|
|
|
|
|
|
Interest on Bank |
0.054 |
|
|
|
|
|
|
|
|
Accrued Interest on F.D. |
0.446 |
|
0.500 |
|
|
|
|
0.588 |
|
|
|
|
|
|
Less:
Deduction U/s. 80 C |
|
|
|
|
|
|
|
|
|
L.I.P. |
0.079 |
|
|
|
|
|
|
|
|
Less: Deduction U/s. 80 D |
0.015 |
|
|
|
|
|
|
|
|
Less: Deduction U/s. 80TTA |
0.010 |
|
0.104 |
|
|
|
|
0.484 |
|
|
|
R/ Off :- |
0.484 |
|
|
|
|
|
|
C. Tax
Payable |
|
|
|
|
|
|
|
|
|
Income Tax |
|
0.028 |
|
|
Less: Rebate u/s 87A |
|
0.002 |
|
|
|
|
0.026 |
|
|
Add: Education cess |
|
0.001 |
|
|
|
|
0.027 |
|
|
Less: T.D.S. |
|
0.044 |
|
|
Refundable |
|
0.017 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. SANDEEP KUMAR BHIMRAJKA
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
INCOME FORM
BUSINESS |
|
|
|
|
Remuneration RECD From : |
|
|
|
|
Charukaran Rice Mill |
|
-- |
|
|
Shree Bakreswar Traders |
|
0.042 |
|
|
Interest on Capital Recd From: |
|
-- |
|
|
Charukaran Rice Mill |
|
0.021 |
|
|
Shree Bakreswar Traders |
|
-- |
0.063 |
|
Share of Profit Recd From: |
|
|
|
|
Charukaran Rice Mill |
|
0.000 |
|
|
Shreee Bakreswar Traders |
|
0.005 |
|
|
|
|
0.005 |
|
|
Less: Exempt U/S 10(2A) |
|
0.005 |
-- |
|
|
|
|
0.063 |
|
Less: Expenses |
|
|
-- |
|
|
|
|
0.063 |
|
INCOME FROM HOUSE
PROPERTY |
|
|
|
|
Interest on Housing Loan |
|
|
(0.075) |
|
|
|
|
|
|
INCOME FROM OTHER
SOURCES |
|
|
|
|
Lorry Hire Charges |
|
0.192 |
|
|
Interest on Fixed Deposits |
|
0.304 |
|
|
Bank Interest |
|
0.126 |
|
|
|
|
|
0.622 |
|
GROSS TOTAL INCOME |
|
|
0.610 |
|
|
|
|
|
|
Less: Deduction
under Section 80 u/s |
|
|
|
|
LIC Premium Paid |
0.074 |
|
|
|
Repayment of Housing Loan |
0.055 |
|
|
|
School Fees Paid |
0.022 |
|
|
|
|
0.129 |
|
|
|
Subject to Maximum |
|
0.100 |
|
|
U/S 80TTA |
|
|
|
|
Savings Bank Interest |
0.126 |
0.010 |
0.110 |
|
|
|
|
|
|
TOTAL INCOME |
|
|
0.500 |
|
|
|
|
|
|
ROUNDED OFF U/S
288A |
|
|
0.500 |
|
|
|
|
|
|
TAX LIABILITY |
|
|
0.030 |
|
LESS: REBATE U/S
87A |
|
|
0.002 |
|
TAX PAYABLE |
|
|
0.028 |
|
|
|
|
0.028 |
|
Add: Education Cess @ 2% |
|
|
0.001 |
|
Add: Higher Education Cess @ 1% |
|
|
0.000 |
|
|
|
|
0.029 |
|
Less: Tax Deducted at Sources – Interest on FRD |
|
|
0.030 |
|
|
|
|
|
|
REFUNDABLE/ PAYABLE
|
|
|
(0.002) |
|
Add: Interest U/S 234A |
|
|
-- |
|
Add: Interest U/S 234B |
|
|
-- |
|
Add: Interest U/S 234C |
|
|
-- |
|
Total Tax Payable |
|
|
(0.002) |
|
Less: Self Asst Tax Paid |
|
|
-- |
|
REFUNDABLE/ PAYABLE
|
|
|
(0.002) |
------------------------------------------------------------------------------------------------------------------------------
MR. RAJESH KUMAR KHAITAN
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
A. INCOME
FORM BUSINESS |
|
|
|
|
(i) Interest and Remuneration from Charu Karan Rice Mill |
|
0.000 |
|
|
|
|
|
|
|
(ii) Interest and Remuneration from Shree Bakreshwar Traders |
|
0.063 |
|
|
|
|
0.063 |
0.063 |
|
|
|
|
|
|
Share of Profit from Charu Karan Rice Mill |
0.000 |
|
|
|
|
|
|
|
|
Bakreshwar Trader is exempt u/s 10 of Income Tax Act, 1961 (0+0.005) |
0.005 |
Exempt |
0.000 |
|
|
|
|
|
|
B. INCOME FROM
OTHER SOURCES |
|
|
|
|
Interes from Bank |
0.084 |
|
|
|
Accrued Interest on F.D. |
0.773 |
0.857 |
|
|
|
|
|
|
|
Less: Interest on Loan |
|
0.367 |
0.490 |
|
|
|
|
|
|
Less: Deduction
U/s. 80C |
|
|
0.553 |
|
L.I.P. |
0.094 |
|
|
|
S.B.I. Life Insurance |
0.015 |
|
|
|
|
0.109 |
|
|
|
Qualifying Amount |
0.100 |
|
|
|
|
|
|
|
|
Less: Deduction U/s. 80D |
|
|
|
|
Gross: 0.030 |
|
|
|
|
Qualifying Amount |
0.015 |
|
|
|
Less: Deduction U/s. 80TTA |
0.010 |
|
|
|
|
|
|
0.125 |
|
|
|
|
0.428 |
|
|
|
R/Off |
0.428 |
|
|
|
|
|
|
C. TAX PAYABLE |
|
|
|
|
|
|
|
|
|
Income Tax |
0.023 |
|
|
|
Less: Rebate U/S 87A |
0.002 |
|
|
|
|
0.021 |
|
|
|
Add: Education Cess |
0.000 |
|
|
|
|
0.021 |
|
|
|
Less: TDS |
0.077 |
|
|
|
REFUNDABLE |
0.056 |
|
|
------------------------------------------------------------------------------------------------------------------------------
MR.
ARVIND KUMAR KHAITAN
BALANCE SHEET AS ON YEAR 31ST MARCH
2014
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital |
|
|
6.344 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.344 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.887 |
|
|
TOTAL BORROWING |
|
|
3.887 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
10.231 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.722 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.047 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
5.724 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.738 |
|
Total
Current Assets |
|
|
9.462 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
9.462 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
10.231 |
|
------------------------------------------------------------------------------------------------------------------------------
MR.
ARVIND KUMAR KHAITAN
PROFIT AND LOSS ACCOUNT FOR THE YEAR 31ST MARCH
2014
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT |
PARTICULARS |
AMOUNT |
|
|
|
|
|
|
To Bank Charges |
0.000 |
By Capital Interest from |
|
|
|
|
Charu Karan Rice Mill |
0.000 |
|
To Net Profit Transferred to Capital Account |
0.587 |
|
|
|
|
|
By Remuneration from |
|
|
|
|
Charu Karan Rice Mill |
0.000 |
|
|
|
|
|
|
|
|
By Bank Interest |
0.054 |
|
|
|
|
|
|
|
|
By Interest on F.D. |
0.445 |
|
|
|
|
|
|
|
|
By Income from Business |
0.088 |
|
|
|
|
|
|
Total |
0.587 |
Total |
0.587 |
------------------------------------------------------------------------------------------------------------------------------
MR.
SANDEEP KUMAR BHIMRAJKA
BALANCE SHEET AS ON YEAR 31ST
MARCH 2014
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
1] Capital |
10.044 |
|
|
2] Share Application Money |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
|
|
NETWORTH |
10.044 |
|
|
LOAN FUNDS |
|
|
|
1] Secured Loans |
0.565 |
|
|
2] Unsecured Loans |
(1.100) |
|
|
TOTAL BORROWING |
(0.535) |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
|
|
|
|
|
|
TOTAL |
9.509 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.129 |
|
|
Capital work-in-progress |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.344 |
|
|
DEFERRED TAX ASSETS |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
0.000 |
|
|
Sundry Debtors |
0.000 |
|
|
Cash & Bank Balances |
6.036 |
|
|
Other Current Assets |
0.000 |
|
|
Loans & Advances |
0.000 |
|
Total
Current Assets |
6.036 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
0.000 |
|
|
Other Current Liabilities |
0.000 |
|
|
Provisions |
0.000 |
|
Total
Current Liabilities |
0.000 |
|
|
Net Current Assets |
6.036 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
|
|
|
|
|
|
TOTAL |
9.509 |
|
------------------------------------------------------------------------------------------------------------------------------
MR.
SANDEEP KUMAR BHIMRAJKA
PROFIT AND LOSS ACCOUNT FOR THE YEAR 31ST MARCH
2014
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT |
PARTICULARS |
AMOUNT |
|
|
|
|
|
|
To Interest on Housing Loan |
0.075 |
By Remuneration received from: |
|
|
|
|
Charukaran Rice Mill |
0.000 |
|
To Depreciation |
0.000 |
Shree Bakreswar Traders |
0.042 |
|
|
|
|
|
|
To Net Profit Transferred to Capital Account |
0.615 |
By Interest on Capital received from: |
|
|
|
|
Charukaran Rice Mill |
0.000 |
|
|
|
Shree Bakreswar Traders |
0.021 |
|
|
|
|
|
|
|
|
By Share of Profits received from: |
|
|
|
|
Charukaran Rice Mill |
0.000 |
|
|
|
Shree Bakreswar Traders |
0.005 |
|
|
|
|
|
|
|
|
By Mini Lorry Hire Charges |
0.192 |
|
|
|
|
|
|
|
|
By Interest on Fixed Deposits (TDS- Rs. 0.030 Million) |
0.304 |
|
|
|
|
|
|
|
|
By Bank Interest |
0.126 |
|
|
|
|
|
|
Total |
0.690 |
Total |
0.690 |
------------------------------------------------------------------------------------------------------------------------------
MR. RAJESH KUMAR KHAITAN
BALANCE SHEET AS ON YEAR 31ST
MARCH 2014
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
1] Capital |
9.929 |
|
|
2] Share Application Money |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
|
|
NETWORTH |
9.929 |
|
|
LOAN FUNDS |
|
|
|
1] Secured Loans |
0.000 |
|
|
2] Unsecured Loans |
3.851 |
|
|
TOTAL BORROWING |
3.851 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
|
|
|
|
|
|
TOTAL |
13.780 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.239 |
|
|
Capital work-in-progress |
0.000 |
|
|
|
|
|
|
INVESTMENT |
2.059 |
|
|
DEFERRED TAX ASSETS |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
0.000 |
|
|
Sundry Debtors |
0.000 |
|
|
Cash & Bank Balances |
7.331 |
|
|
Other Current Assets |
0.000 |
|
|
Loans & Advances |
0.151 |
|
Total
Current Assets |
7.482 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
0.000 |
|
|
Other Current Liabilities |
0.000 |
|
|
Provisions |
0.000 |
|
Total
Current Liabilities |
0.000 |
|
|
Net Current Assets |
7.482 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
|
|
|
|
|
|
TOTAL |
13.780 |
|
------------------------------------------------------------------------------------------------------------------------------
MR.
RAJESH KUMAR
KHAITAN
PROFIT AND LOSS ACCOUNT FOR THE YEAR 31ST MARCH
2014
(RS. IN MILLIONS)
|
PARTICULARS |
AMOUNT |
PARTICULARS |
AMOUNT |
|
|
|
|
|
|
To Bank Charges |
0.000 |
By Capital Interest From |
|
|
|
|
Charu Karan Rice Mill |
0.000 |
|
To Interest on Loan |
0.367 |
Bakreshwar Traders |
0.021 |
|
|
|
|
|
|
To Net Profit Transferred to Capital Account |
0.553 |
By Remuneration from |
|
|
|
|
Chyharu Karan Rice Mill |
0.000 |
|
|
|
Bakreshwar Traders |
0.042 |
|
|
|
|
|
|
|
|
By Bank Interest |
0.084 |
|
|
|
|
|
|
|
|
By F. D. Interest |
0.773 |
|
|
|
|
|
|
Total |
0.920 |
Total |
0.920 |
------------------------------------------------------------------------------------------------------------------------------
INSTALLED CAPACITY AND
CAPACITY UTILISATION OF I.V. FLUIDS
|
PARTICULARS |
Unit |
2015-16 (July - March) |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
PROJECTION |
|||||
|
Installed Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capacity per Day |
Container |
50000 |
50000 |
50000 |
50000 |
50000 |
50000 |
|
|
|
|
|
|
|
|
|
|
No. of Working days per annun |
Days |
225 |
300 |
300 |
300 |
300 |
300 |
|
|
|
|
|
|
|
|
|
|
Installed Capacity per annum |
Container |
11250000 |
15000000 |
15000000 |
15000000 |
15000000 |
15000000 |
|
|
|
|
|
|
|
|
|
|
Per Container Quantity (0.50 Litre = 500 ml) |
Liter |
0.50 |
0.50 |
0.50 |
0.50 |
0.50 |
0.50 |
|
|
|
|
|
|
|
|
|
|
Installed Capacity per annum |
Liter |
5625000 |
7500000 |
7500000 |
7500000 |
7500000 |
7500000 |
|
|
|
|
|
|
|
|
|
|
% age of Production of Normal Saline, Dextrose 5% |
% |
33.34% |
33.34% |
33.34% |
33.34% |
33.34% |
33.34% |
|
|
|
|
|
|
|
|
|
|
% age of Production of Dextrose 5% Inj, (5% DA) |
% |
33.33% |
33.33% |
33.33% |
33.33% |
33.33% |
33.33% |
|
|
|
|
|
|
|
|
|
|
% age of Production of Dextrose 5% & SC 0.9% Inj |
% |
33.34% |
33.34% |
33.34% |
33.34% |
33.34% |
33.34% |
|
|
|
|
|
|
|
|
|
|
Production of Normal Saline, Dextrose 5 % p.a. |
Container |
3750750 |
5001000 |
5001000 |
5001000 |
5001000 |
5001000 |
|
|
|
|
|
|
|
|
|
|
Production of Dextrose 5% Inj, (5% DA) p.a. |
Container |
3749625 |
4999500 |
4999500 |
4999500 |
4999500 |
4999500 |
|
|
|
|
|
|
|
|
|
|
Production of Dextrose 5% & SC 0.9% Inj p.a. |
Container |
3749625 |
4999500 |
4999500 |
4999500 |
4999500 |
4999500 |
|
|
|
|
|
|
|
|
|
|
Total Production per annum at 100% Capacity |
Container |
11250000 |
15000000 |
15000000 |
15000000 |
15000000 |
15000000 |
|
|
|
|
|
|
|
|
|
|
Actual Capacity Utilisation |
% |
60% |
75% |
80% |
85% |
85% |
85% |
|
|
|
|
|
|
|
|
|
|
Actual Production of Normal Saline, Dextrose 5% p.a. |
Container |
2250450 |
3750750 |
4000800 |
4250850 |
4250850 |
4250850 |
|
|
|
|
|
|
|
|
|
|
Actual Production of Dextrose 5% Inj, (5% DA) p.a. |
Container |
2249775 |
3749625 |
3999600 |
4249575 |
4249575 |
4249575 |
|
|
|
|
|
|
|
|
|
|
Actual Production of Dextrose 5% & SC 0.9% Inj p.a. |
Container |
2249775 |
3749625 |
3999600 |
4249575 |
4249575 |
4249575 |
|
|
|
|
|
|
|
|
|
|
Actual Total Production per annum |
Container |
6750000 |
11250000 |
12000000 |
12750000 |
12750000 |
12750000 |
------------------------------------------------------------------------------------------------------------------------------
ESTIMATION OF DEBT SERVICE COVERAGE RATIO (DSCR) OF THE PROJECT
(RS. IN MILLIONS)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
PROJECTION |
|||||
|
FUND AVAILABLE |
|
|
|
|
|
|
|
Profit After Tax |
1.272 |
11.765 |
15.220 |
17.258 |
18.096 |
19.730 |
|
|
|
|
|
|
|
|
|
Depreciation |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
|
|
|
|
|
|
|
|
|
Interest on Term Loan |
8.454 |
10.568 |
9.074 |
7.250 |
5.178 |
3.107 |
|
|
|
|
|
|
|
|
|
Total |
15.075 |
27.682 |
29.644 |
29.856 |
28.623 |
27.346 |
|
|
|
|
|
|
|
|
|
Amount to be Serviced |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayment of Term Loan |
0.000 |
10.438 |
11.690 |
15.343 |
15.343 |
15.343 |
|
|
|
|
|
|
|
|
|
Interest on Term Loan |
8.454 |
10.568 |
9.074 |
7.250 |
5.178 |
3.107 |
|
|
|
|
|
|
|
|
|
Total |
8.454 |
21.005 |
20.764 |
22.593 |
20.521 |
18.450 |
|
|
|
|
|
|
|
|
|
Debt Service
Coverage Ratio |
1.78 |
1.32 |
1.43 |
1.32 |
1.39 |
1.48 |
|
|
|
|
|
|
|
|
|
Minimum DSCR |
1.32 |
|||||
|
|
|
|||||
|
Average DSCR |
1.44 |
|||||
|
|
|
|||||
|
Maximum DSCR |
1.59 |
|||||
------------------------------------------------------------------------------------------------------------------------------
ESTIMATION OF BREAK EVEN ANALYSIS OF THE PROJECT
(RS. IN MILLIONS)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
PROJECTION |
||||||
|
|
|
|||||
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
|
|
|
|
|
|
|
|
Sales Value of Production |
67.725 |
119.728 |
128.597 |
136.659 |
137.063 |
137.063 |
|
|
|
|
|
|
|
|
|
Less: Total Variable Cost |
42.477 |
75.813 |
81.333 |
86.432 |
86.687 |
86.687 |
|
|
|
|
|
|
|
|
|
Contribution |
25.248 |
43.916 |
47.264 |
50.228 |
50.376 |
50.376 |
|
|
|
|
|
|
|
|
|
Fixed Cost (Excluding Interest and Depreciation) |
8.505 |
11.549 |
11.950 |
12.353 |
12.865 |
13.023 |
|
|
|
|
|
|
|
|
|
Add: Depreciation |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
|
|
|
|
|
|
|
|
|
Add: Interest for Working Capital |
8.454 |
10.568 |
9.074 |
7.250 |
5.178 |
3.107 |
|
|
|
|
|
|
|
|
|
Total Fixed Cost |
1.350 |
1.742 |
1.863 |
1.971 |
1.971 |
1.971 |
|
|
|
|
|
|
|
|
|
P/V Ratio |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
|
|
|
|
|
|
|
|
|
Break-even Sales (Value) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross |
63.461 |
79.629 |
76.827 |
73.250 |
68.518 |
63.802 |
|
|
|
|
|
|
|
|
|
Cash |
49.112 |
65.046 |
62.273 |
58.696 |
53.964 |
49.248 |
|
|
|
|
|
|
|
|
|
Break-Even Point |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross |
93.70% |
66.51% |
59.74% |
53.60% |
49.99% |
46.55% |
|
|
|
|
|
|
|
|
|
Cash |
72.52% |
54.33% |
48.42% |
42.95% |
39.37% |
35.93% |
|
|
|
|
|
|
|
|
|
Average Break-Even Point |
59.03% |
|||||
|
|
|
|||||
|
Average Cash Break-Even Point |
46.58% |
|||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2015-16 (July – March) |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
PROJECTION |
||||||
|
|
|
|
|
|
|
|
|
Gross Sales
Revenue |
70.434 |
124.517 |
133.741 |
142.126 |
142.545 |
142.545 |
|
|
|
|
|
|
|
|
|
Less: Sales Tax |
2.709 |
4.789 |
5.144 |
5.466 |
5.483 |
5.483 |
|
|
|
|
|
|
|
|
|
Net Sales (Revenue)
(A) |
67.725 |
119.728 |
128.597 |
136.659 |
137.063 |
137.063 |
|
|
|
|
|
|
|
|
|
Variable Cost: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
32.663 |
54.438 |
58.067 |
61.697 |
61.697 |
61.697 |
|
|
|
|
|
|
|
|
|
Stores and Consumables and Fuel |
11.813 |
19.688 |
21.000 |
22.313 |
22.313 |
22.313 |
|
|
|
|
|
|
|
|
|
Power and Electricity |
1.418 |
2.363 |
2.520 |
2.678 |
2.678 |
2.678 |
|
|
|
|
|
|
|
|
|
Sub-Total |
45.893 |
76.488 |
81.587 |
86.687 |
86.687 |
86.687 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
3.416 |
4.092 |
4.347 |
4.602 |
4.602 |
|
|
|
|
|
|
|
|
|
Less: Closing Stock of Finished Goods |
3.416 |
4.092 |
4.347 |
4.602 |
4.602 |
4.602 |
|
|
|
|
|
|
|
|
|
Total Variable Cost
(B) |
42.477 |
75.813 |
81.333 |
86.432 |
86.687 |
86.687 |
|
|
|
|
|
|
|
|
|
Contribution (A-B) |
25.248 |
43.916 |
47.264 |
50.228 |
50.376 |
50.376 |
|
|
|
|
|
|
|
|
|
P/V Ratio |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
0.37 |
|
|
|
|
|
|
|
|
|
Fixed Cost: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salary and Wages |
5.687 |
7.583 |
7.810 |
8.045 |
8.286 |
8.535 |
|
|
|
|
|
|
|
|
|
Selling and Promotional Expenses |
0.704 |
1.245 |
1.337 |
1.421 |
1.425 |
1.425 |
|
|
|
|
|
|
|
|
|
Repair and Maintenance Charges |
1.463 |
1.507 |
1.552 |
1.599 |
1.647 |
1.696 |
|
|
|
|
|
|
|
|
|
General and Administrative Overhead |
0.528 |
1.088 |
1.121 |
1.154 |
1.189 |
1.225 |
|
|
|
|
|
|
|
|
|
Insurance, Rent, Rates and Taxes |
0.122 |
0.126 |
0.129 |
0.133 |
0.137 |
0.141 |
|
|
|
|
|
|
|
|
|
Total Fixed Cost (Excluding Interest and Depreciation) |
8.505 |
11.549 |
11.950 |
12.353 |
12.685 |
13.023 |
|
|
|
|
|
|
|
|
|
Operating Profit before Depreciation, Interest and Tax (OPBDIT) |
16.743 |
32.367 |
35.314 |
37.875 |
37.691 |
37.353 |
|
|
|
|
|
|
|
|
|
OPBDIT (%) |
24.72% |
27.03% |
27.46% |
27.71% |
27.50% |
27.25% |
|
|
|
|
|
|
|
|
|
Add: Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less: Non-operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit Before Depreciation, Interest and Tax (PBDIT) |
16.743 |
32.367 |
35.314 |
37.875 |
37.691 |
37.353 |
|
|
|
|
|
|
|
|
|
Less: Depreciation |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
|
|
|
|
|
|
|
|
|
Profit Before Interest and Tax (PBIT) |
11.394 |
27.017 |
29.965 |
32.526 |
32.342 |
32.004 |
|
|
|
|
|
|
|
|
|
Less: Interest for Term Loan |
8.454 |
10.568 |
9.074 |
7.250 |
5.178 |
3.107 |
|
|
|
|
|
|
|
|
|
Less: Interest for Working Capital |
1.350 |
1.742 |
1.863 |
1.971 |
1.971 |
1.971 |
|
|
|
|
|
|
|
|
|
Profit Before Tax (PBT) |
1.590 |
14.708 |
19.027 |
23.305 |
25.193 |
26.926 |
|
|
|
|
|
|
|
|
|
Less: Provision for Taxation |
0.318 |
2.943 |
3.807 |
6.048 |
7.097 |
8.036 |
|
|
|
|
|
|
|
|
|
Less: Deferred Tax Asset/ Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit After Tax (PAT) |
1.272 |
11.765 |
15.220 |
17.258 |
18.096 |
18.890 |
|
|
|
|
|
|
|
|
|
Net Profit Margin (%) |
1.88% |
9.83% |
11.84% |
12.63% |
13.20% |
13.78% |
|
|
|
|
|
|
|
|
|
Less: Dividend Paid |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less: Corporate Dividend Tax |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Retained Profit |
1.272 |
11.765 |
15.220 |
17.258 |
18.096 |
18.890 |
|
|
|
|
|
|
|
|
|
P & L A/c balance carried from earlier year |
0.000 |
1.272 |
13.037 |
28.257 |
45.514 |
63.610 |
|
|
|
|
|
|
|
|
|
P & L A/c balance carried to Balance Sheet |
1.272 |
13.037 |
28.257 |
45.514 |
63.610 |
82.500 |
|
|
|
|
|
|
|
|
|
Add: Depreciation |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
5.349 |
|
|
|
|
|
|
|
|
|
Cash Accruals |
6.621 |
17.114 |
20.569 |
22.607 |
23.445 |
24.239 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
PROJECTION |
|||||||
|
LIABILITIES |
|
|
|
|
|
|
|
|
Paid up Share Capital |
25.000 |
41.750 |
41.750 |
41.750 |
41.750 |
41.750 |
41.750 |
|
|
|
|
|
|
|
|
|
|
Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Other Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Profit and Loss Account Balance |
0.000 |
1.272 |
13.037 |
28.257 |
45.514 |
63.610 |
82.500 |
|
|
|
|
|
|
|
|
|
|
Net Worth |
25.000 |
43.022 |
54.787 |
70.007 |
87.265 |
105.360 |
124.250 |
|
|
|
|
|
|
|
|
|
|
Add: Capital Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Add: Other Specific Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Shareholders Fund |
25.000 |
43.022 |
54.787 |
70.007 |
87.265 |
105.360 |
124.250 |
|
|
|
|
|
|
|
|
|
|
Long Term Debt
(Secured) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan |
50.000 |
73.063 |
61.373 |
46.029 |
30.686 |
15.343 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Long Term Debt
(Unsecured) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured Loan from Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Current Liability
and Provisions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Credit from Banks |
0.000 |
10.000 |
12.900 |
13.800 |
14.600 |
14.600 |
14.600 |
|
|
|
|
|
|
|
|
|
|
Sundry Creditors (Raw Materials) |
0.000 |
2.178 |
2.722 |
2.903 |
3.085 |
3.085 |
3.085 |
|
|
|
|
|
|
|
|
|
|
Sundry Creditors (Store and Consumables ) |
0.000 |
1.103 |
1.378 |
1.470 |
1.562 |
1.562 |
1.562 |
|
|
|
|
|
|
|
|
|
|
Instalment Liability |
0.000 |
10.438 |
11.690 |
15.343 |
15.343 |
15.343 |
15.343 |
|
|
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.318 |
2.943 |
3.807 |
6.048 |
7.097 |
8.036 |
|
|
|
|
|
|
|
|
|
|
Sub-Total |
0.000 |
24.036 |
31.633 |
37.324 |
40.638 |
41.687 |
42.626 |
|
|
|
|
|
|
|
|
|
|
Total |
75.000 |
140.120 |
147.793 |
153.360 |
158.588 |
162.390 |
166.876 |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
0.000 |
0.000 |
121.930 |
121.930 |
121.930 |
121.930 |
121.930 |
|
|
|
|
|
|
|
|
|
|
Add: New Additions |
0.000 |
121.930 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Less: Accumulated Depreciation |
0.000 |
5.349 |
10.698 |
16.047 |
21.397 |
26.746 |
32.095 |
|
|
|
|
|
|
|
|
|
|
Net Block |
0.000 |
116.581 |
111.232 |
105.883 |
100.534 |
95.185 |
89.836 |
|
|
|
|
|
|
|
|
|
|
Capital Work in Progress |
71.625 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Short Term Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Current Assets,
Loans and Advances |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Closing Stock-RM |
0.000 |
2.178 |
2.722 |
2.903 |
3.085 |
3.085 |
3.085 |
|
|
|
|
|
|
|
|
|
|
Closing Stock-Store and consumable |
0.000 |
1.575 |
1.969 |
2.100 |
2.231 |
2.231 |
2.231 |
|
|
|
|
|
|
|
|
|
|
Closing Stock-FG |
0.000 |
3.416 |
4.092 |
4.347 |
4.602 |
4.602 |
4.602 |
|
|
|
|
|
|
|
|
|
|
Sundry Debtors |
0.000 |
9.391 |
12.452 |
13.374 |
14.213 |
14.255 |
14.255 |
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balances (Including Cheques in Hand and that sent for collection) |
3.375 |
4.419 |
12.766 |
22.193 |
31.364 |
40.473 |
50.308 |
|
|
|
|
|
|
|
|
|
|
Loans and Advances (Trade) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deposit with SEB |
0.000 |
2.560 |
2.560 |
2.560 |
2.560 |
2.560 |
2.560 |
|
|
|
|
|
|
|
|
|
|
Preliminary and Pre-Operative Expenses (to the extent not written off) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total |
75.000 |
140.120 |
147.793 |
153.360 |
158.588 |
162.390 |
166.876 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
PROJECTION |
|||||||
|
|
|
|
|
|
|
|
|
|
A. LONG TERM
SOURCES OF FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Accruals |
0.000 |
6.621 |
17.114 |
20.569 |
22.607 |
23.445 |
24.239 |
|
|
|
|
|
|
|
|
|
|
Increase in Share Capital |
25.000 |
16.750 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase in Term Loan |
50.000 |
33.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Interease in Unsecured Loan from Bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase in Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Sale of Short term Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
B. SHORT TERM
SOURCES OF FUND: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Credit from Bank |
0.000 |
10.000 |
2.900 |
0.900 |
0.800 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase Sundry Creditor (Raw Materials) |
0.000 |
2.178 |
0.544 |
0.181 |
0.181 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Increase Sundry Creditors (Store and Consumables) |
0.000 |
1.103 |
0.276 |
0.092 |
0.092 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.318 |
2.625 |
0.864 |
2.240 |
1.049 |
0.939 |
|
|
|
|
|
|
|
|
|
|
Total Sources of
Fund (A+B) |
75.000 |
70.469 |
23.459 |
22.607 |
25.920 |
24.494 |
25.178 |
|
|
|
|
|
|
|
|
|
|
C. LONG TERM
APPLICATIONS OF FUND: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payment of Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Repayment of Term Loan |
0.000 |
0.000 |
10.438 |
11.690 |
15.343 |
15.343 |
15.343 |
|
|
|
|
|
|
|
|
|
|
Increase in Gross Block |
0.000 |
121.930 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Capital WIP |
71.625 |
(71.625) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
D. SHORT TERM
APPLICATIONS OF FUND: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in : |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
0.000 |
2.178 |
0.544 |
0.181 |
0.181 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Stores |
0.000 |
1.575 |
0.394 |
0.131 |
0.131 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Finished Goods |
0.000 |
3.416 |
0.676 |
0.255 |
0.255 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Debtors |
0.000 |
9.391 |
3.061 |
0.922 |
0.838 |
0.042 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Loan and Advances (Trade) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deposit with SEB |
0.000 |
2.560 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Total Applications of Fund (C+D) |
71.625 |
69.425 |
15.112 |
13.180 |
16.749 |
15.385 |
15.343 |
|
|
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
3.375 |
4.419 |
12.766 |
22.193 |
31.364 |
40.473 |
|
|
|
|
|
|
|
|
|
|
Surplus/ (Deficit) {(A+B) – (C+D)} |
3.375 |
1.044 |
8.347 |
9.427 |
9.171 |
9.109 |
9.835 |
|
|
|
|
|
|
|
|
|
|
Closing Balance |
3.375 |
4.419 |
12.766 |
22.193 |
31.364 |
40.473 |
50.308 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT REPORT
PROJECT IDEA NOTE
|
SL. NO. |
PARTICULARS |
DESCRIPTION |
||
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|
|
||
|
1. |
Name of the Company |
TETRADRIP PHARMA PRIVATE LIMITED |
||
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|
||
|
2. |
Registered office of the company |
83, Holding Khalbilmath, 7 No. Ward, 346, G.T. Road, Burdwan – 713101, West Bengal, India |
||
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|
|
|
||
|
3. |
Constitution |
Private Limited Company |
||
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|
|
||
|
4. |
Date of Incorporation |
17th April, 2013 |
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||
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5. |
Type of Industry |
Drugs and Pharmaceutical Industry |
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|
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|
||
|
6. |
Project |
Setting up of a pharmaceutical unit for manufacturing of I.V. Fluid |
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|
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||
|
7. |
Factory Location |
Village and P.O- Bara Kashira, District Burdwan – 713141, West Benga, India |
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|
|
|
||
|
8. |
Products |
Normal Saline, Dextrose 5%, Dextrose 5% Inj, and Dextrose 5% and SC 0.9 Inj |
||
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|
|
|
||
|
9. |
Capacity |
150,00,000 Bottles per annum |
||
|
|
|
|
||
|
10. |
Capacity Utilisation |
2015-16 – 60%, 2016-17 – 75%, 207-18 – 80%, 2017-18 and onwards – 85% |
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|
|
|
|
||
|
11. |
Project Implementation Period |
Nine Months from Disbursement of 1st term loan (From October, 2014 to June, 2015) |
||
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|
|
|
||
|
12. |
Commencement of Commercial Production |
July, 2015 |
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|
|
|
||
|
13. |
Estimated cost of the project |
Rs. 125.250 Millions |
||
|
|
|
|
||
|
14. |
Proposed means of finance : Promoters Contribution Term Loan |
Rs. 41.750 Millions Rs. 83.500 Millions |
||
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|
|
|
||
|
15. |
Proposed Debt-to-equity ratio |
2:1 |
||
|
|
|
|
||
|
16. |
Proposed term loan requirement |
Rs. 83.500 Millions |
||
|
|
|
|
||
|
17. |
Proposed working capital limit |
Rs. 10.000 Millions |
||
|
|
|
|
||
|
18. |
Rate of Interest |
Term Loan: 13.50% p.a. Working Capital Loan: 13.50% p.a. |
||
|
|
|
|
||
|
19. |
Repayment period |
7.5 years from the date of first disbursement. Repayment will start from the first quarter of 2016-17. |
||
|
|
|
|
||
|
20. |
Power |
380 KVA |
||
|
|
|
|
||
|
21. |
Manpower Requirement |
102 in total |
||
|
|
|
|
||
|
22. |
Financial parameters of the project |
IRR 18.19% (Considering economic life as 8 Years) Average Break-Even Point 59.03% Average Cash Break-Even Point 46.58% |
INTORDUCTION
ABOUT THE COMPANY
Subject was incorporate under CIN-U33111WB2013PTC192301 on 17.04.2013 and is presently having its registered office at 83, Holding Khalbhilmath, 7 No Ward, 346 G.T. Road, Burdwan in West Bengal – 713101. The company is promoted by Mr. Rajesh Khaitan. Mr. Arvind Khaitan and Mr. Sandeep Kumar Bhimrajka. The Companys entrepreneurs are experienced in business activities for last 8-10 years.
Attracted by the ongoing demands of Intra Venous Fluid (I.V Fluid) all over the country, specially in eastern India, subject is planning to set up a manufacturing unit of I.V. Fluid at Village and PO-Bara Kashiara, District Burdwan in West Bengal.
PPAST FINANCIAL
PERFORMANCE
The company is presently engaged in the implementation of the proposed unit.
BANKING ARRANGEMENTS
The company is engaged in project implementation and is currently not enjoying any credit facilities. It has approached the Banking system for an aggregate Term Loan of Rs. 83.500 Millions and Working Facility of Rs. 10.000 Millions for its upcoming projects.
MARKETING PLAN
Company Background
Subject has business experience in various sectors for more than a decade. Subject wishes to set up a I.V. Fluid manufacturing unit at Village and PO-Bara Kashiara. District-Burdwan, West Bengal for manufacturing of i) Normal Saline, Dextrose 5%, ii) Dextrose 5% Inj (5% DA) and iii) Dextrose 5% and SC 0.9% Inj.
Product Rage
The company proposes to have following product range (Installed Capacity) –
Normal Saline, Dextrose 5% - 50 lacs Bottles per annum *
Dextrose 5% Inj (5% DA) – 50 lacs Bottles per annum *
Dextrose 5% and SC 0.9% Inj 50 lacs Bottles per annum*
(*) Considering 500 ml capacity
Competition
The markets in which subject will sell its itervanous fluid products and highly competitive. The primary competitive factors consist of quality, price and size of product portfolio. To stay ahead of its competitors, subject has to regularly update their existing technology and acquire or develop new technology for their pharmaceutical manufacturing activities.
They have to maintain a high level of involvement across their sales and marketing network to maximize their presence in India. Subject should attempt to keep their costs of production low to maintain their competitive advantage and their profit margin. Competition is mainly from the domestic manufacturers and imports from China because of the low manufacturing cost. With the new patent regulations, the industry expects to see a major structural shift with the entry of foreign pharmaceutical manufacturers.
Subjects SWOT
Strengths
· In depth knowledge about the domestic market.
· Proposed project site is well connected with road, railway and airways.
· Qualified and skilled manpower is available at cheaper rate
· Experienced management team
· Availability of sufficient raw material in domestic market.
· Less competition in West Bengal due insufficient no of manufacturers in the state
Weakness
· The concept of I.V. Fluids production in West Bengal is new, hence it is very difficult to assess the future competition among domestic players
· Unhealthy competition and lack of effective government regulation over the manufacture of I.V. Fluid.
· Any deviation of guidelines of Drug Control Authorities as well as WHO-GMP norms may affect the performance of unit
Opportunities
· A favourable domestic demand supply scenario in India, especially in eastern India.
· Investments in health sector projects will increase demand for I.V. Fluids.
· Since the plant is located at Burwan District, it can cater the market of other districts at a cheaper transportation cost.
Threats
· Dependency on Government supply may result in fund shortage due to enormous dealy in recovery of outstanding.
· New entrant with higher capacity and latest technology.
Marketing Plan
Product Mix
The company is planning to manufacture I.V. Fluids and hence will have presence across West Bengal and the neighboring states. The company will be in a position to sell the following products –
Normal Saline, Dextrose 5% - 50 lacs Bottles per annum *
Dextrose 5% Inj (5% DA) – 50 lacs Bottles per annum *
Dextrose 5% and SC 0.9% Inj 50 lacs Bottles per annum*
(*) Considering 500 ml capacity
Target Market
The domestic demand supply scenario is favourable and hence the Consultants recommend the Company to focus on the domestic market. The strategy of focusing on domestic market will optimize marketing costs.
The Consultants recommend the Company to geographically expand their presence. This will enable the Company to have a better margin. Subject should mainly concentrate the marketing of their products to Government Hospitals and Nursing Homes.
Distribution Network
The business of subject is to be driven by its own sales and marketing network comprising of Medical Representative (MR) covering various districts across West Bengal. Subject will arrange stockiest in other states of India for regular supply of their products. The company will also engage local distributors who will distribute the products. In addition to direct marketing, subject will also participate in bulk supplies of its products by way of bidding in tenders of various State Government Health Departments.
PROJECT DETAILS
Overview of Site and
Facilities
The proposed project is being set up in Village and PO-Bara Kashiara in the district of Burdwan in West Bengal. Total freehold land measuring 3 acres has been acquired and developed by the company. The consultants visited the site of the proposed project on 23rd September, 2014.
The major observation during the site visit include –
· Approach road is in good condition
· Availability of social infrastructure near the project side and Burdwan City is about 13 Km apart from plant
· Availability of transport infrastructure both rail and road – The railway station is 8 km from the site and nearest highway; NH 2 is about 3 km for the proposed plan site. Netaji Subhash International Airport, Kolkata is 110 km from the proposed plant area and upcoming new airport at Andal is close to the plant.
· Utilities like power and water is available at the project site.
· Availability of skilled/ semi-skilled manpower
· Site is situated in a pollution free environment area
· Boundary wall is almost completed and a part of office and administrative building is being constructed.
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
NAME OF PARTNERS |
AMOUNT |
|
|
|
|
Mr. Sandeep Kumar Bhimrajka |
10.361 |
|
|
|
|
Mr. Rajesh Khaitan |
10.380 |
|
|
|
|
Mr. Arvind Khaitan |
6.500 |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
FINANCIAL PERFORMANCE
The company has not started its commercial operation, so there is no financial performance during the year.
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.63.33 |
|
|
1 |
Rs.98.58 |
|
Euro |
1 |
Rs.77.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.