MIRA INFORM REPORT
|
Report No. : |
332468 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
PALADIYA BROTHERS AND COMPANY |
|
|
|
|
Registered
Office : |
25/26, Sarthi Industrial Estate, Nandu Doshini Wadi, Vasta Devdi Road, Katargam - 395004, Surat, Guajrat |
|
Tel. No.: |
91-261-2531091 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
30.07.1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.207.066 Million |
|
|
|
|
IEC No.: |
5297002681 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFP1969N |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Rough and Polish
Diamonds. |
|
|
|
|
No. of Employees
: |
385 (Approximately) [In Office 136 + In Factory 243 + In Branch 6] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old partnership concern established in the year 1997,
having satisfactory track. Rating takes into consideration sound financial risk profile marked by
sound capital base and acceptable gearing of the concern. Further, concern has achieved significant increase in sales turnover
and net profit in FY15 over previous year. Also net profit margin seems to be
fair. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long track record of operations, the concern can be
considered for business dealings with usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ketan Dobariya |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-9909012128 |
|
Date : |
17.07.2015 |
LOCATIONS
|
Registered Office / Factory: |
25/26, Sarthi Industrial Estate, Nandu Doshini Wadi, Vasta Devdi Road, Katargam - 395004, Surat, Guajrat, India |
|
Tel. No.: |
91-261-2531091 / 92 / 93 |
|
Mobile No.: |
91-9909012128 (Mr. Ketan Dobariya) |
|
Fax No.: |
91-261-2531094 |
|
E-Mail : |
|
|
Area : |
1232 Sq.mt. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
FW-4010, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra
(East), Mumbai, Maharashtra,
india |
|
Tel. No.: |
91-22-33924629 |
|
Fax No.: |
91-22-40048815 |
PARTNERS
|
Name : |
Dhirubhai Ramjibhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
05.06.1962 |
|
Experience : |
32 Years |
|
|
|
|
Name : |
Virjibhai Ramjibhai Paladiya |
|
Designation : |
Partner |
|
Address : |
30, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
01.10.1966 |
|
Experience : |
30 Years |
|
|
|
|
Name : |
Sanjaybhai Dhirubhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
05.02.1982 |
|
Qualification : |
12th Class |
|
Experience : |
14 Years |
|
|
|
|
Name : |
Jayeshbhai Dhirubhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
01.03.1987 |
|
Qualification : |
10th Class |
|
Experience : |
9 Years |
|
|
|
|
Name : |
Yogeshbhai Virjibhai Paladiya |
|
Designation : |
Partner |
|
Address : |
30, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
15.05.1987 |
|
Experience : |
9 Years |
|
|
|
|
Name : |
Vasantben Dhirubhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
15.08.1964 |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Prabhaben Virjibhai Paladiya |
|
Designation : |
Partner |
|
Address : |
30, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Rashmitaben Sanjaybhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
31.03.1983 |
|
Qualification : |
12th Class |
|
Experience : |
8 Years |
|
|
|
|
Name : |
Kinjalben Jayeshbhai Paladiya |
|
Designation : |
Partner |
|
Address : |
A-7, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
12.04.1988 |
|
Qualification : |
10th Class |
|
Experience : |
3 Years |
|
|
|
|
Name : |
Payalben Yogeshbhai Paladiya |
|
Designation : |
Partner |
|
Address : |
30, Aadarsh Society, Katargam, Surat, Guajrat, India |
|
Date of Birth/Age : |
30.09.1991 |
|
Qualification : |
10th Class |
|
Experience : |
3 Years |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Dobariya |
|
Designation : |
Senior Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Rough and Polish
Diamonds. |
|
|
|
|
Products : |
Rough and Polish Diamonds |
|
|
|
|
Brand Names : |
“PALADIYA BROTHERS & CO” |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Diamond |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Diamond |
|
Countries : |
Belgium |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days) |
|
|
|
|
Purchasing : |
Credit (60 days / 90 days / 120 days) |
PRODUCTION DETAILS :
|
Products |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Polish diamond |
cts |
55000 |
48500 |
GENERAL INFORMATION
|
Suppliers : |
·
DC Diamond Creations N.V. ·
Dialux Diamonds Dmcc ·
Jewelex Middle East Dmcc ·
Sahajanand Technologies Private Limited ·
Impress Clearing and Forwarding Private Limited |
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Customers : |
Wholesalers and Retailers
·
Bass Premier Company ·
Gem Exports Limited ·
Harsh Universal (HK) Limited ·
Facets Singapore Pte. Limited ·
Jin Jewel Private Limited ·
Gem Wave Inc |
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|
No. of Employees : |
385 (Approximately) [In Office 136 + In Factory 243 + In Branch 6] |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF / 14-26, Nariman Point, Shopping Centre, Near Raghuvir Bunglows,
City Light Road, Surat – 395007, Gujarat, India |
|
Tel. No.: |
91-261-3992929 / 3994747 |
|
Fax No.: |
91-261-3053838 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Sister Concerns: |
--- |
CAPITAL STRUCTURE
PARTNERS CAPITAL
ACCOUNT
AS ON 31.03.2015
(RS. IN MILLION)
|
Particulars |
Openening Balnce |
Additions during
the year |
Deduction during
the year |
Interest on
capital account |
Net profit for
the year |
Total |
|
|
|
|
|
|
|
|
|
Dhirubhai Ramjibhai Paladiya |
20.507 |
15.900 |
1.131 |
1.286 |
1.842 |
38.404 |
|
Vasantben Dhirubhai Paladiya |
15.181 |
0.490 |
1.332 |
0.859 |
0.921 |
16.119 |
|
Jayeshbhai Dhirubhai Paladiya |
24.530 |
4.262 |
8.002 |
1.381 |
1.842 |
24.013 |
|
Kinjalben Jayeshbhai Paladiya |
1.965 |
2.206 |
0.611 |
0.144 |
0.921 |
4.625 |
|
Sanjaybhai Dhirubhai Paladiya |
19.502 |
7.900 |
2.349 |
1.145 |
2.762 |
28.960 |
|
Rashmita Sanjaybhai Paladiya |
4.268 |
0.000 |
0.195 |
0.248 |
0.921 |
5.242 |
|
Virjibhai Ramjibhai Paladiya |
25.393 |
12.345 |
1.006 |
1.556 |
3.683 |
41.971 |
|
Prabhaben Virjibhai Paladiya |
18.932 |
8.378 |
4.421 |
0.999 |
0.921 |
24.809 |
|
Yogeshbhai Virjibhai Paladiya |
26.629 |
0.150 |
13.019 |
1.459 |
3.684 |
18.903 |
|
Payalben Yogeshbhai Paladiya |
1.610 |
1.805 |
0.406 |
0.090 |
0.921 |
4.020 |
|
|
|
|
|
|
|
|
|
Total |
158.517 |
53.436 |
32.472 |
9.167 |
18.418 |
207.066 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
|
OWNERS FUND |
|
|
|
|
|
1] Partner’s Capital Accounts |
207.066 |
158.517 |
87.423 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
207.066 |
158.517 |
87.423 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
24.276 |
16.764 |
13.273 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
24.276 |
16.764 |
13.273 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
231.342 |
175.281 |
100.696 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
68.842 |
60.203 |
39.207 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.026 |
0.026 |
0.026 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
409.760 |
163.141 |
152.082 |
|
|
Sundry Debtors |
69.341 |
69.979 |
12.297 |
|
|
Cash & Bank Balances |
3.752 |
7.449 |
4.042 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
11.690 |
7.467 |
6.987 |
|
Total Current Assets |
494.543 |
248.036 |
175.408 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities and Provisions |
332.069 |
132.984 |
113.945 |
|
Total Current Liabilities |
332.069 |
132.984 |
113.945 |
|
|
Net Current
Assets |
162.474 |
115.052 |
61.463 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
231.342 |
175.281 |
100.696 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
1252.485 |
992.475 |
534.793 |
|
|
Income Diclosed during
survey |
0.000 |
0.000 |
12.508 |
|
|
Other Income |
0.092 |
0.170 |
0.340 |
|
|
TOTAL |
1252.577 |
992.645 |
547.641 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1078.538 |
953.488 |
476.797 |
|
|
Manufacturing and
operating Expenses |
84.058 |
60.335 |
42.404 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.920 |
(82.368) |
(12.450) |
|
|
Interest on partners
capital |
9.167 |
5.458 |
5.092 |
|
|
Sales and Administrative
Expenses |
34.132 |
19.153 |
12.527 |
|
|
Other expenses |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
1209.815 |
956.066 |
524.370 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
42.762 |
36.579 |
23.271 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.054 |
1.702 |
0.451 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
39.708 |
34.877 |
22.820 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.806 |
8.492 |
4.792 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
27.902 |
26.385 |
18.028 |
|
|
|
|
|
|
|
Less |
TAX |
9.484 |
9.346 |
5.641 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
18.418 |
17.039 |
12.387 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
536.451 |
557.173 |
115.334 |
|
|
TOTAL EARNINGS |
536.451 |
557.173 |
115.334 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.47 |
1.72 |
2.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.41 |
3.69 |
4.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.95 |
8.56 |
8.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.17 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.11 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.87 |
1.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Partners Capital Account |
87.423 |
158.517 |
207.066 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
87.423 |
158.517 |
207.066 |
|
|
|
|
|
|
Seured Loans |
13.273 |
16.764 |
24.276 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
13.273 |
16.764 |
24.276 |
|
Debt/Equity ratio |
0.152 |
0.106 |
0.117 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
534.793 |
992.475 |
1252.485 |
|
|
|
85.581 |
26.198 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
534.793 |
992.475 |
1252.485 |
|
Profit |
12.387 |
17.039 |
18.418 |
|
|
2.32% |
1.72% |
1.47% |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian workforce
and the untiring and unflagging efforts of the Indian diamantaires, supported
by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations which
operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees. They
mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem and Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28% in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28%. It
means the industry is on the track of recovery and round tripping of diamonds
has stopped completely.” Demand has started coming from the US, the UK, Japan
and China. India’s polished diamond export is expected to cross $ 21 bn in
2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing and
market liquidity.
------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
FINANCIAL YEAR 2014 –
2015
(RS. IN MILLION)
|
PARTICUALRS |
AMOUNT |
||
|
|
|
|
|
|
Profits and gains from business and
Profession |
|
|
27.810 |
|
|
|
|
|
|
Paladiya Brothers and Company |
|
27.902 |
|
|
Add : |
|
|
|
|
Donation |
-- |
|
|
|
Depreciation Disallowed |
11.806 |
|
|
|
Disallowed Partners' Interest |
9.167 |
20.973 |
|
|
Total |
|
48.875 |
|
|
Less : |
|
|
|
|
Bank Interest |
0.089 |
|
|
|
Dividend |
0.003 |
|
|
|
Rent Income |
0.000 |
|
|
|
Allowed Depreciation |
11.806 |
(11.898) |
|
|
Total |
|
36.977 |
|
|
Less : Allowed Interest |
|
(9.167) |
|
|
Total |
|
27.810 |
|
|
|
|
|
|
|
Income From Other Sources |
|
|
|
|
Interest on Bank FDR |
|
0.089 |
|
|
Dividend From Co-Op Bank |
|
0.003 |
0.092 |
|
|
|
|
|
|
Gross Total Income |
|
|
27.902 |
|
Total Income |
|
|
27.902 |
|
Total Income
Rounded Off U/S 288 A |
|
|
27.902 |
|
|
|
|
|
|
Tax on Rs. 27.902 @ 30% |
|
8.371 |
|
|
Add: Surcharge @ 10% |
|
0.837 |
|
|
Add: Education Cess @ 2% |
|
0.184 |
|
|
Add: Secondary and Higher Education Cess @
1% |
|
0.092 |
9.484 |
|
Less :Tax Deducted At Source |
|
|
|
|
Other Interest |
|
0.009 |
0.009 |
|
|
|
|
|
|
Total |
|
|
9.475 |
|
|
|
|
|
|
Less: Advance Tax |
|
|
|
|
0510308 - 47256 – 13.09.2014 |
|
1.500 |
|
|
0510308 – 50919 – 13.09.2014 |
|
1.000 |
|
|
0510308 – 56668 – 12.12.2014 |
|
1.000 |
|
|
0510308 – 56880 – 12.12.2014 |
|
0.600 |
|
|
0510308 – 56741 – 12.12.2012 |
|
0.900 |
|
|
0510308 – 42922 – 13.03.2015 |
|
2.000 |
|
|
0510308 – 43171 – 13.03.2015 |
|
1.100 |
|
|
0510308 – 57220 – 14.03.2015 |
|
1.400 |
9.500 |
|
Total |
|
|
(0.025) |
|
|
|
|
|
|
Add : Interest Payable |
|
|
|
|
Interest U/S 234C |
|
0.031 |
0.031 |
|
|
|
|
|
|
Tax payable |
|
|
0.006 |
|
Less : Tax Rounded off U/S 288B |
|
|
0.006 |
------------------------------------------------------------------------------------------------------------
FIXED ASSETS
- Factory Building
- Andhri Flat
- Furniture and Fixtures
- Treasury Safe
- Plant and Machinery
- Laser Machine
- Bruiting Machine
- Lathe Machine
- Ghantee
- Grinding Machine
- Saran
- Microscope
- Smooth Checker Module
- Air Conditioner
- Generator
- CC TV Camera
- Electric Weighing Scale
- Cash Coounting Machine
- Fax Machine
- Vacum Cleaner
- Xerox Machine
- Telephone
- Television
- Shredder Machine
- Motor Car (Jazz)
- Motor Car (BMW)
- Motor Car (Mercedes)
- Motor Car (JH-1151)
- Computer and Printer
- Water clearing Plant
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.63.49 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.