MIRA INFORM REPORT
|
Report No. : |
326634 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE UMIYA PACKAGING |
|
|
|
|
Registered
Office : |
130, Amar Estate, Near Uttar Guj, Audhogik Vasahat, Naroda Road,
Ahmedabad - 380025, Gujarat |
|
Mob. No.: |
91-9726636592 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
|
|
|
|
Date of
Incorporation : |
22.05.2013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.225 Million (Provisional) |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No. : |
24072703868 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
BVOPPO225N |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Paper Tube and Core. |
|
|
|
|
No. of Employees
: |
10 (Approximately) [In Office: 2 + In Factory: 8] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2013 as proprietary concern and it
is a small proprietary concern in its field. Its scale of activities are
limited. For the financial year ended 2014, company has achieved sales turnover
Rs. 1.700 Million (Approx.) in its first year of business operations and
reported net profit of Rs. 0.288 Million. As per provisional financial of 2015, company has reported growth in its
revenue profile and profit during a year under review. However, rating remain constrained on account of concerns short
history of establishment and limited scale of business operations of the
concern. However, trade relations are improving. Business is active. Payment
tems are slow but correct. The concern can be considered for small business dealing with some
caution. |
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Kamleshbhai Vishnubhai Patel |
|
Designation : |
Production Manager |
|
Contact No.: |
91-9726636592 |
|
Date : |
25.06.2015 |
LOCATIONS
|
Registered Office/ Factory : |
130, Amar Estate, Near Uttar Guj, Audhogik Vasahat, Naroda Road,
Ahmedabad - 380025, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9726636592 (Mr. Kamleshbhai Vishnubhai Patel) 91-9724486584 (Mrs. Subhadraben Kamleshbhai Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
450 Sq. Ft. (Factory) |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. Subhadraben Kamleshbhai Patel |
|
Designation : |
Proprietor |
|
Address : |
119, Samir Shitvan Society, Hirawadi, LBS Road, Bapunagar, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
21.01.1980 |
|
PAN No.: |
BVOPPO225N |
KEY EXECUTIVES
|
Name : |
Mr. Kamleshbhai Vishnubhai Patel |
|
Designation : |
Production Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper Tube and Core. |
|
|
|
|
Products/ Services : |
· Paper Tube · Core |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
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|
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Exports : |
-- |
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|
|
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Imports : |
-- |
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|
|
|
Terms : |
|
|
Selling : |
Credit (90 Days) |
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|
|
|
Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users La Gajjar
Machineries Private Limited Address: Plot No. 143, LGM House, Sukhramnagar, Rakhiyal, Ahmedabad,
Gujarat, India Mob. No.: 91-9099937174
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No. of Employees : |
10 (Approximately) [In Office: 2 + In Factory: 8] |
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Bankers : |
· Bank of India, Ashram Road Branch, Ashram Road, Ahmedabad, Gujarat, India |
||||||||||||||||||||||||||||||||
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Facilities : |
-- |
||||||||||||||||||||||||||||||||
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|
|
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Auditors : |
|
|
Name : |
Pam Consultants Chartered Accountants |
|
Address : |
201, Ellora Commercial Centre, Near GPO Relief Road, Ahmedabad,
Gujarat, India |
|
Tel. No.: |
91-79-25511906 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
|
|
|
|
Paper Tube |
50 Tonn |
CAPITAL STRUCTURE
CAPITAL ACCOUNT (PROVISIONAL)
(AS ON 30.03.2015)
|
PARTICULARS |
AMOUNT |
PARTICULARS |
AMOUNT |
|
|
|
|
|
|
Opening Balance |
0.549 |
Withdrawal |
0.070 |
|
|
|
|
|
|
Net Profit |
0.753 |
Income Tax F.Y. 2013-2014 |
0.007 |
|
|
|
|
|
|
|
|
Closing Balance |
1.225 |
|
|
|
|
|
|
Total |
1.302 |
Total |
1.302 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2015 (Provisional) |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
|
1.225 |
0.549 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.225 |
0.549 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.225 |
0.549 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.062 |
0.069 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.682 |
0.309 |
|
|
Sundry Debtors |
|
1.080 |
0.705 |
|
|
Cash & Bank Balances |
|
0.203 |
0.089 |
|
|
Other Current Assets |
|
0.440 |
0.045 |
|
|
Loans & Advances |
|
0.000 |
0.300 |
|
Total
Current Assets |
|
2.405 |
1.448 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.241 |
0.968 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.001 |
0.000 |
|
Total
Current Liabilities |
|
1.242 |
0.968 |
|
|
Net Current Assets |
|
1.163 |
0.480 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.225 |
0.549 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3.432 |
1.757 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
3.432 |
1.757 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
2.488 |
1.366 |
|
|
|
Rent Expenses |
|
0.060 |
0.060 |
|
|
|
Shop Expenses |
|
0.019 |
0.013 |
|
|
|
Mobile Phone Expenses |
|
0.014 |
0.010 |
|
|
|
Vakil Fees |
|
0.005 |
0.003 |
|
|
|
Packing Expenses |
|
0.052 |
0.000 |
|
|
|
Miscellaneous Expenses |
|
0.022 |
0.014 |
|
|
|
Vat Expenses |
|
0.000 |
0.002 |
|
|
|
Bank Charges |
|
0.002 |
0.001 |
|
|
|
Stationery and Printing Expenses |
|
0.004 |
0.000 |
|
|
|
Electric Bill Expenses |
|
0.006 |
0.000 |
|
|
|
TOTAL |
|
2.672 |
1.469 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.760 |
0.289 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.007 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
0.753 |
0.289 |
|
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2015 (Provisional) |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
21.94 |
16.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
30.52 |
19.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.61 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.94 |
1.50 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015
(Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.549 |
1.225 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net
worth |
0.549 |
1.225 |
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR
GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015
(Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.757 |
3.432 |
|
|
|
95.333 |
NET
PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015
(Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.757 |
3.432 |
|
Profit |
0.289 |
0.753 |
|
|
16.45% |
21.94% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
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 |
-----------------------------------------------------------------------------------------------------------------------------
SUBHADRABEN KAMALESHBHAI PATEL
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
|
|
|
|
COMPUTATION OF
INCOME |
|
|
|
|
|
|
|
PROFIT AND GAIN OF BUSINESS OR PROFESSION |
|
|
|
Profit and Gains of Business u/s 44AD |
0.289 -------- |
0.289 |
|
|
|
|
|
SUMMARY OF TOTAL
INCOME |
|
|
|
Profit and Gains of Business or Profession |
|
|
|
|
|
|
|
Own Business or Profession |
|
0.289 -------- |
|
Gross Total Income |
|
0.289 |
|
|
|
|
|
CALCULATION OF
TAX |
|
|
|
|
|
|
|
Tax on Total Income |
0.009 |
|
|
Less: Rebate u/s 87A |
(0.002) -------- |
|
|
Net Tax |
0.007 |
|
|
Add: Education Cess…… @ 2.00% |
0.000 |
|
|
Secondary and Higher Edu. Cess …… @ 1.00% |
0.000 -------- |
|
|
|
0.007 |
|
|
Add: Interest u/s 234-A for 1 months @1.00% |
0.000 |
|
|
Less: Self-Assessment Tax Paid on 14/08/2014 BSR: 0200322 CIN: 00004 |
(0.007) |
|
|
Net Tax Refundable (Subject to interest u/s 244A) |
|
0.000 |
-----------------------------------------------------------------------------------------------------------------------------
DEB SERVICE COVERAGE RATIO
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
Profit available for debt servicing |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit |
0.915 |
1.072 |
1.225 |
1.400 |
1.536 |
|
Interest |
0.290 |
0.319 |
0.238 |
0.158 |
0.077 |
|
Depreciation |
0.605 |
0.514 |
0.437 |
0.372 |
0.316 |
|
Total |
1.810 |
1.905 |
1.900 |
1.930 |
1.929 |
|
|
|
|
|
|
|
|
Loan instalment |
0.348 |
0.596 |
0.596 |
0.596 |
0.596 |
|
Interest |
0.290 |
0.319 |
0.238 |
0.158 |
0.077 |
|
Total |
0.638 |
0.915 |
0.834 |
0.754 |
0.673 |
|
|
|
|
|
|
|
|
DSCR |
2.84 |
2.08 |
2.28 |
2.56 |
2.87 |
|
AVERAGE DSCR |
2.52 |
||||
-----------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
A. SOURCES OF FUNDS |
|
|
|
|
|
|
1. Cash Accruals (Net Profit Before Tax and Interest) |
1.205 |
1.391 |
1.463 |
1.558 |
1.634 |
|
2. Increase in Capital |
-- |
-- |
-- |
-- |
-- |
|
3. Depreciation |
0.598 |
(0.091) |
(0.077) |
(0.065) |
(0.056) |
|
4. Increase in Long Term Loans/ Debentures |
1.718 |
-- |
-- |
-- |
-- |
|
5. Increase in Deferred Payment Facilities |
-- |
-- |
-- |
-- |
-- |
|
6. Increase in Unsecured Loans and Deposits |
-- |
-- |
-- |
-- |
-- |
|
7. Increase in Bank Borrowings for Working Capital |
-- |
-- |
-- |
-- |
-- |
|
8. Sales of Fixed Assets |
-- |
0.605 |
0.314 |
0.137 |
0.372 |
|
9. Sales of Investments |
-- |
-- |
-- |
-- |
-- |
|
10. Increase in Current Liabilities |
0.973 |
0.220 |
0.120 |
0.219 |
0.000 |
|
11. Decrease in Current Assets |
-- |
-- |
-- |
-- |
-- |
|
12. Decrease in Other Non-Current Assets |
-- |
-- |
-- |
-- |
-- |
|
13. Other |
-- |
-- |
-- |
-- |
-- |
|
TOTAL SOURCES (A) |
4.494 |
2.125 |
1.820 |
1.849 |
1.950 |
|
|
|
|
|
|
|
|
B. DISPOSITION OF FUNDS |
|
|
|
|
|
|
1. Preliminary and Pre-operative Expenses |
-- |
-- |
-- |
-- |
-- |
|
2. Decrease in Capital |
0.050 |
0.532 |
0.516 |
0.276 |
0.460 |
|
3. Decrease in Long Term Loans/ Debentures |
-- |
0.516 |
0.516 |
0.515 |
0.027 |
|
4. Decrease in Deferred Payment Facilities |
-- |
-- |
-- |
-- |
-- |
|
5. Decrease in Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
|
6. Decrease in Bank Borrowings for Working Capital |
-- |
-- |
-- |
-- |
-- |
|
7. Purchase of Fixed Assets |
3.966 |
-- |
-- |
-- |
-- |
|
8. Purchase of Investment |
-- |
-- |
-- |
-- |
-- |
|
9. Interest |
0.290 |
0.319 |
0.238 |
0.158 |
0.077 |
|
10. Taxation |
-- |
-- |
-- |
-- |
-- |
|
11. Dividend Paid |
-- |
-- |
-- |
-- |
-- |
|
12. Decrease in Current Liabilities |
-- |
-- |
-- |
-- |
0.269 |
|
13. Increase in Current Assets |
0.141 |
0.708 |
0.450 |
0.800 |
0.817 |
|
14. Increase in Other Non-current Assets |
-- |
-- |
-- |
-- |
-- |
|
15. Other |
-- |
-- |
-- |
-- |
-- |
|
TOTAL DISPOSITION (B) |
4.447 |
2.075 |
1.720 |
1.749 |
1.650 |
|
C. Opening Balance |
0.203 |
0.250 |
0.300 |
0.400 |
0.500 |
|
D. Net Surplus (A-B) |
0.047 |
0.050 |
0.100 |
0.100 |
0.300 |
|
E. Closing Balance |
0.250 |
0.300 |
0.400 |
0.500 |
0.800 |
-----------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLION
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
1. GROSS SALES |
|
|
|
|
|
|
Local sales |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
Export sales |
-- |
-- |
-- |
--- |
-- |
|
Total |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
2. LESS EXCISE DUTY |
-- |
-- |
-- |
-- |
-- |
|
3. NET SALES (1-2) |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
4. %AGE RISE(+) / FALL(-) IN NET SALES AS COMPARED TO PREVIOUS YEAR |
74.83 |
16.67 |
14.29 |
13.75 |
15.38 |
|
5. COST OF SALES |
|
|
|
|
|
|
(i) Raw materials (including stores and other items used in manufacture) |
|
|
|
|
|
|
-- |
-- |
-- |
-- |
-- |
|
4.100 |
4.700 |
5.600 |
6.500 |
7.800 |
|
(ii) Other Spares:- |
|
|
|
|
|
|
A. IMPORTED |
-- |
-- |
-- |
-- |
-- |
|
B. INDIGENOUS |
-- |
-- |
-- |
-- |
-- |
|
(iii) Power and Fuel |
0.030 |
0.035 |
0.040 |
0.050 |
0.060 |
|
(iv) Direct Labour |
0.070 |
0.090 |
0.180 |
0.240 |
0.300 |
|
(v) Other Manufacturing expenses |
0.240 |
0.320 |
0.380 |
0.480 |
0.540 |
|
(vi) Depreciation |
0.605 |
0.514 |
0.437 |
0.372 |
0.316 |
|
(vii) SUB TOTAL (i-vi) |
5.045 |
5.659 |
6.637 |
7.642 |
9.016 |
|
(viii) ADD: Opening Stock Work In progress |
-- |
-- |
-- |
-- |
-- |
|
SUB TOTAL |
5.045 |
5.659 |
6.637 |
7.642 |
9.016 |
|
(ix) DEDUCT: Closing Stock of Finished goods |
-- |
-- |
-- |
-- |
-- |
|
(x) COST OF PRODUCTION |
5.045 |
5.659 |
6.637 |
7.642 |
9.016 |
|
(xi) ADD: Opening Stock of Finished Goods |
-- |
0.250 |
0.300 |
0.400 |
0.500 |
|
SUB TOTAL |
5.045 |
5.909 |
6.937 |
8.042 |
9.516 |
|
(xii) LESS: Closing Stock of Finished Goods |
0.250 |
0.300 |
0.400 |
0.500 |
0.650 |
|
(xiii) SUB TOTAL (COST OF SALES) |
4.795 |
5.609 |
6.537 |
7.542 |
8.866 |
|
6. SELLING GENERAL AND ADMINISTRATINVE EXPENSES |
-- |
-- |
-- |
-- |
-- |
|
7. SUB TOTAL (5+6) |
4.795 |
5.609 |
6.537 |
7.542 |
8.866 |
|
8. Operating Profit Before Interest (3-7) |
1.205 |
1.391 |
1.463 |
1.558 |
1.634 |
|
9. Interest |
0.290 |
0.319 |
0.238 |
0.158 |
0.077 |
|
10. Operating Profit After Interest (3-7) |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
11. (i) ADD: Other Non-operating Income |
|
|
|
|
|
|
(a) License Premium |
-- |
-- |
-- |
-- |
-- |
|
(b) Other |
-- |
-- |
-- |
-- |
-- |
|
SUB TOTAL (INCOME) |
-- |
-- |
-- |
-- |
-- |
|
(ii) DEDUCT: Other Non-Operating Expenses |
|
|
|
|
|
|
(a) License Premium |
-- |
-- |
-- |
-- |
-- |
|
(b) Other |
-- |
-- |
-- |
-- |
-- |
|
SUB TOTAL (EXPENSES) |
-- |
-- |
-- |
-- |
-- |
|
(iii) Net of Other Non-operating income/Expenses |
-- |
-- |
-- |
-- |
-- |
|
12. Profit Before Tax/ Loss [10+11(iii)] |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
13. Provision for taxes |
-- |
-- |
-- |
-- |
-- |
|
14. Net Profit/ Loss (12-13) |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
15. (a) equity Dividend Paid-Amount |
-- |
-- |
-- |
-- |
-- |
|
(b) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
|
16. Retained Profit (14-15) |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
17. Retained Profit/ Net Profit (%Age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
-----------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
1. Short term Borrowing From Bank |
|
|
|
|
|
|
Bills Purchased, Discounted and Excess Borrowing Placed on Payment Basis |
|
|
|
|
|
|
(i) From Applicant Bank |
-- |
-- |
-- |
-- |
-- |
|
(ii) From Other bank |
-- |
-- |
-- |
-- |
-- |
|
(iii) (Of Which BP and BD) |
-- |
-- |
-- |
-- |
-- |
|
SUB TOTAL (A) |
-- |
-- |
-- |
-- |
-- |
|
2. Short Term Borrowing From Others |
-- |
-- |
-- |
-- |
-- |
|
3. Sundry Creditors (Trade) |
1.300 |
1.600 |
1.800 |
2.100 |
2.400 |
|
4. Advance Payment From Customers/ Deposits From Dealers |
-- |
-- |
-- |
-- |
-- |
|
5. Provision For Taxation |
-- |
-- |
-- |
-- |
-- |
|
6. dividend payable |
-- |
-- |
-- |
-- |
-- |
|
7. Other Statutory Liabilities (Due Within One Year) |
-- |
-- |
-- |
-- |
-- |
|
8. Deposits/ Installments of Term Loans, DPES, Debentures etc. (Due Within One Year) |
0.914 |
0.834 |
0.754 |
0.673 |
0.104 |
|
9. Other Current Liabilities and Provisions (Due Within One Year) (Specify Major Items) |
-- |
-- |
-- |
-- |
-- |
|
SUB TOTAL (B) |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
|
10. Total Current Liabilities [Total of 1 to 9 Excluding 1 (iii)] |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
11. Debentures (Not Maturing Within One Year) |
-- |
-- |
-- |
-- |
-- |
|
12. Preference Shares (Redeemable After One Year) |
-- |
-- |
-- |
-- |
-- |
|
13. Term Loans (Excluding Within One Year) |
1.718 |
1.202 |
0.686 |
0.171 |
0.144 |
|
14. Deferred payment Credits (Excluding Installments Due Within One Yr) |
-- |
-- |
-- |
-- |
-- |
|
15. Term Deposits (Repayable After One Yr) |
-- |
-- |
-- |
-- |
-- |
|
16. Other Term Liabilities-Unsecured Loans |
-- |
-- |
-- |
-- |
-- |
|
17. Total Term Liabilities (11 to 16) |
1.718 |
1.202 |
0.686 |
0.171 |
0.144 |
|
18. Total Outstanding Liabilities (10+17) |
3.932 |
3.636 |
3.240 |
2.944 |
2.648 |
|
NET WORTH |
|
|
|
|
|
|
19. Ordinary Share Capital/ Partners Capital |
1.175 |
1.558 |
2.114 |
3.063 |
4.003 |
|
20. General Reserve |
-- |
-- |
-- |
-- |
-- |
|
21. Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
|
22. Other Reserve (Excluding Provisions) |
-- |
-- |
-- |
-- |
-- |
|
23. Surplus (+) or Deficit (-) In Profit and Loss Account |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
24. NET WORTH (19 TO 23) |
2.090 |
2.630 |
3.339 |
4.463 |
5.560 |
|
25. Total Liabilities (18+24) |
6.022 |
6.266 |
6.579 |
7.407 |
8.208 |
|
CURRENT ASSETS |
|
|
|
|
|
|
26. Cash and Bank Balances |
0.250 |
0.300 |
0.400 |
0.500 |
0.800 |
|
27. Investments (Other than Long Term) |
|
|
|
|
|
|
(i) Government and Other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
|
(ii) Fixed Deposits With Bank |
-- |
-- |
-- |
-- |
-- |
|
28. (i) Receivable Other Than Deferred Exports (including Bills Purchased and Discounted With Banks) |
1.500 |
1.800 |
2.00 |
2.300 |
2.700 |
|
(ii) Export Receivables (Including Bills Purchased and Discounted by Banks) |
-- |
-- |
-- |
-- |
-- |
|
29. Installments of Deferred Receivables (Do Within 1 Yr) |
-- |
-- |
-- |
-- |
-- |
|
30. Inventory |
|
|
|
|
|
|
(i) Raw Materials Including Stores and Other Items In The Process of Manufacture) |
-- |
-- |
-- |
-- |
-- |
|
(a) IMPORTED |
-- |
-- |
-- |
-- |
-- |
|
(b) INDIGINOUS |
0.400 |
0.500 |
0.600 |
0.700 |
0.800 |
|
(ii) Stock In Progress |
-- |
-- |
-- |
-- |
-- |
|
(iii) Finished Goods |
0.250 |
0.300 |
0.400 |
0.500 |
0.650 |
|
(iv) Other Consumable Spares |
|
|
|
|
|
|
(a) IMPORTED |
-- |
-- |
-- |
-- |
-- |
|
(b) INDIGINOUS |
-- |
-- |
-- |
-- |
-- |
|
31. Advances To Suppliers of Raw Material, Stores/ Spares |
-- |
-- |
-- |
-- |
-- |
|
32. Advance Payment of Taxes |
-- |
-- |
-- |
-- |
-- |
|
33. Other Current Assets (Specify Major Items) |
0.192 |
0.450 |
0.500 |
0.800 |
0.967 |
|
34. Total current Assets (Total of 26 to 33) |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
35. Gross Block (Land and Building, Machinery, Work-in-Progress) |
0.069 |
4.042 |
4.042 |
4.242 |
4.542 |
|
+Addition |
3.973 |
0.000 |
0.200 |
0.300 |
0.000 |
|
Total |
4.042 |
4.042 |
4.242 |
4.542 |
4.542 |
|
36. Depreciation To Date |
0.612 |
1.126 |
1.563 |
1.935 |
2.251 |
|
37. NET BLOCK (35-36) |
3.430 |
2.916 |
2.679 |
2.607 |
2.291 |
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
38. Investments/ Book debts/ Advance/ Deposits Which Are Not Current Assets |
|
|
|
|
|
|
(i) (a) Investments in Subsidiary Companies/ Affiliates |
-- |
-- |
-- |
-- |
-- |
|
(b) Others |
-- |
-- |
-- |
-- |
-- |
|
(ii) Advance To Suppliers Of Capital Goods and Contractors |
-- |
-- |
-- |
-- |
-- |
|
(iii) Deferred Receivables |
-- |
-- |
-- |
-- |
-- |
|
(iv) Others |
-- |
-- |
-- |
-- |
-- |
|
39. Not Consumable Stores and Spares |
-- |
-- |
-- |
-- |
-- |
|
40. Other Non-current Assets Including Dues From Directors |
-- |
-- |
-- |
-- |
-- |
|
41. TOTAL OF OTHER NON-CURRENT ASSETS (38 to 40) |
-- |
-- |
-- |
-- |
-- |
|
42. Intangible Assets (Parents, Goodwill, Preliminary Expenses
Bad/ Doubtful Expenses Not Provided For etc) |
-- |
-- |
-- |
-- |
-- |
|
43. Total Assets (34+37+41+42) |
6.022 |
6.266 |
6.579 |
7.407 |
8.208 |
|
44. Tangible Net Worth (24-42) |
2.090 |
2.630 |
3.339 |
4.463 |
5.560 |
|
45. Net working Capital [(17+24)-(37+41+42)] |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
46. Current Ratio (34/10) |
1.17 |
1.38 |
1.53 |
1.73 |
2.36 |
|
47. Total Outside Liability/ Tangible Net Worth (18/44) ADDITIONAL INFORMATION |
1.88 |
1.38 |
0.97 |
0.66 |
0.48 |
|
(a) Arrears Of Depreciation |
-- |
-- |
-- |
-- |
-- |
|
(b) Contingent Liabilities |
|
|
|
|
|
|
(i) Arrears Of Depreciation |
-- |
-- |
-- |
-- |
-- |
|
(ii) Gratuity Liability Not Provided |
-- |
-- |
-- |
-- |
-- |
|
(iii) Disputed Excise/ Customs/ Tax Liability |
-- |
-- |
-- |
-- |
-- |
|
(iv) Other Current Liabilities Not Provided |
-- |
-- |
-- |
-- |
-- |
-----------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENTS OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
A. CURRENT ASSETS |
|
|
|
|
|
|
1. Raw Materials (Including Stores and other Items Used in The Packages) |
|
|
|
|
|
|
(a) Imported |
|
|
|
|
|
|
Amount |
-- |
-- |
-- |
-- |
-- |
|
Month’s Consumption |
-- |
-- |
-- |
-- |
-- |
|
(b) INDEGINOUS/ IMPORTED |
|
|
|
|
|
|
Amount |
0.400 |
0.500 |
0.600 |
0.700 |
0.800 |
|
Months’ Consumption |
1.17 |
1.28 |
1.29 |
1.29 |
1.23 |
|
2. Other Consumable Spares (Excluding Those Included in (1) Above) |
|
|
|
|
|
|
(a) Imported |
|
|
|
|
|
|
Amount |
-- |
-- |
-- |
-- |
-- |
|
Months’ Consumption |
-- |
-- |
-- |
-- |
-- |
|
(b) INDEGINOUS |
|
|
|
|
|
|
Amount |
-- |
-- |
-- |
-- |
-- |
|
Months’ Consumption |
-- |
-- |
-- |
-- |
-- |
|
3. Stock in Progress |
|
|
|
|
|
|
Amount |
-- |
-- |
-- |
-- |
-- |
|
Months’ Cost of Production |
-- |
-- |
-- |
-- |
-- |
|
4. Finished Goods |
|
|
|
|
|
|
Amount |
0.250 |
0.300 |
0.400 |
0.500 |
0.650 |
|
Months’ Cost of Sales |
0.63 |
0.64 |
0.73 |
0.80 |
0.88 |
|
5. Receivables Other Than Export And deferred (including Bills Purchased and Discounted by Banks |
|
|
|
|
|
|
Amount |
1.500 |
1.800 |
2.000 |
2.300 |
2.700 |
|
Months’ Consumption |
3.00 |
3.09 |
3.00 |
3.03 |
3.09 |
|
6. Export Receivables (including Bills Purchased and Discounted) |
|
|
|
|
|
|
Amount |
-- |
-- |
-- |
-- |
-- |
|
Months’ Consumption |
-- |
-- |
-- |
-- |
-- |
|
7. Advance to Suppliers of Materials Stores/ Spares, Consumables |
-- |
-- |
-- |
-- |
-- |
|
8. Other Current Assets Including Cash and Bank Balance And Deffered receivables Due Within 1yr.) |
0.442 |
0.750 |
0.900 |
1.300 |
1.767 |
|
TOTAL CURRENT ASSETS |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
B. CURRENT LIABILITIES |
|
|
|
|
|
|
(Other than Bank Borrowings for Working Capital) |
|
|
|
|
|
|
10. Creditors for Purchase of Raw Material, Stores and Consumable Spares |
|
|
|
|
|
|
Amount |
1.300 |
1.600 |
1.800 |
2.100 |
2.400 |
|
Month’s Purchase |
3.80 |
4.09 |
3.86 |
3.88 |
3.69 |
|
11. Advances from Customers |
-- |
-- |
-- |
-- |
-- |
|
12. Statutory Liabilities |
-- |
-- |
-- |
-- |
-- |
|
13. Other Current Liabilities |
|
|
|
|
|
|
a. S.T. Borrowings – Others |
-- |
-- |
-- |
-- |
-- |
|
b. Dividend Payable |
-- |
-- |
-- |
-- |
-- |
|
c. Installments of T.L, DPG and Public Deposits |
0.914 |
0.834 |
0.754 |
0.673 |
0.104 |
|
d. Other Current Liabilities and Provisions |
-- |
-- |
-- |
-- |
-- |
|
TOTAL CURRENT
LIABILITIES |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
-----------------------------------------------------------------------------------------------------------------------------
MAXIMUM PERMISSIBLE BANK FINANCE
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
FIRST METHOD OF
LENDING BY TANDON |
|
|
|
|
|
|
1. Total Current Assets |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
2. Other Current Liabilities (Other than Bank Borrowings) |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
|
3. Working Capital Gap |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
4. Minimum stipulated Net Working Capital |
0.095 |
0.229 |
0.337 |
0.507 |
0.853 |
|
5. Actual/ Projected Net Working Capital |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
6. (Item 3 – Item 4) |
0.283 |
0.687 |
1.009 |
1.520 |
2.560 |
|
7. (Item 3 – Item 5) |
-- |
-- |
-- |
-- |
-- |
|
8. Maximum Permissible Bank Finance (Lower of 6 to 7) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
SECOND METHOD OF
LENDING BY TANDON |
|
|
|
|
|
|
1. Total Current Assets |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
2. Other Current Liabilities (Other than Bank Borrowings) |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
|
3. Working Capital Gap |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
4. Minimum Stipulated Net Working Capital (25% of Total Current Assets
Excluding Export Receivables) |
0.648 |
0.838 |
0.975 |
1.200 |
1.479 |
|
5. Actual/ Projected Net Working Capital |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
6. (Item 3 – Item 4) |
(0.270) |
0.078 |
0.371 |
0.827 |
1.934 |
|
7. (Item 3 – Item 5) |
-- |
-- |
-- |
-- |
-- |
|
8. Maximum Permissible Bank Finance (Lower of 6 to 7) |
(0.270) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TURNOVER METHOD
BY NAYAK COMMITTEE |
|
|
|
|
|
|
1. Projected Turnover |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
2. Net Working Capital Asset |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
3. Acceptable Sale |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
4. 25% of Acceptable Sale |
1.500 |
1.750 |
2.000 |
2.275 |
2.625 |
|
5. Margin 5% of Sale |
0.300 |
0.350 |
0.400 |
0.455 |
0.525 |
|
6. Available Margin (2-5) |
2.292 |
3.000 |
3.500 |
4.345 |
5.392 |
|
7. 4-5 |
1.200 |
1.400 |
1.600 |
1.820 |
2.100 |
|
8. MPBF (7 or 8 whichever is higher) |
(0.792) |
(1.250) |
(1.500) |
(2.070) |
(2.767) |
|
|
|
|
|
|
|
|
Calculation of
Drawing Power at 31.03.2016 |
BANK FINANCE |
|
|
|
|
|
|
|
|
|
|
|
|
1. Raw Material |
0.400 |
-- |
-- |
-- |
-- |
|
Stock in Progress |
-- |
-- |
-- |
-- |
-- |
|
Finished Goods |
0.250 |
-- |
-- |
-- |
-- |
|
Other Consumable Spares |
-- |
-- |
-- |
-- |
-- |
|
Receivables |
1.500 |
-- |
-- |
-- |
-- |
|
Total |
2.150 |
-- |
-- |
-- |
-- |
|
2. Creditors for Purchases |
1.300 |
-- |
-- |
-- |
-- |
|
3. Paid Stock (1 (Cost) -2) |
0.850 |
-- |
-- |
-- |
-- |
|
4. Advance Value (1 (Cost after Margin) - 2) |
0.850 |
-- |
-- |
-- |
-- |
|
5. Limit Sanctioned |
-- |
-- |
-- |
-- |
-- |
-----------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLION)
|
PARTICULARS
|
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
1.
SOURCES |
|
|
|
|
|
|
a. Net Profit (After Tax) |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
b. Depreciation |
0.598 |
(0.091) |
(0.077) |
(0.065) |
(0.056) |
|
c. Increase in Capital |
0.865 |
0.540 |
0.709 |
1.124 |
1.097 |
|
d. Increase in Term Liabilities (Including
in Public Depositors) |
1.718 |
-- |
-- |
-- |
-- |
|
e. Decrease in |
|
|
|
|
|
|
i. Fixed Assets |
-- |
0.605 |
0.314 |
0.137 |
0.372 |
|
ii. Other Non-Current Assets |
-- |
-- |
-- |
-- |
-- |
|
Other |
-- |
-- |
-- |
-- |
-- |
|
Total |
4.096 |
2.126 |
2.171 |
2.596 |
2.970 |
|
2.USES |
|
|
|
|
|
|
a. Net Loss |
-- |
-- |
-- |
-- |
-- |
|
b. Decrease in Term Liabilities (Including
Public Deposits) |
-- |
0.516 |
0.516 |
0.515 |
0.027 |
|
c. Increase in |
|
|
|
|
|
|
i. Fixed Assets |
3.966 |
-- |
-- |
-- |
-- |
|
ii. Other Non-current Assets |
-- |
-- |
-- |
-- |
-- |
|
d. Dividend Payment |
-- |
-- |
-- |
-- |
-- |
|
e. Others (Drawings) |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
Total
|
4.881 |
1.588 |
1.741 |
1.915 |
1.584 |
|
3. Long Term Surplus/ Deficits |
(0.785) |
0.538 |
0.430 |
0.681 |
1.386 |
|
4. Increase/ Decrease in Current Assets
(As per details given below) |
0.188 |
0.758 |
0.550 |
0.900 |
1.117 |
|
5. Increase/ Decrease in Current
Liabilities Other than Bank Borrowings |
0.973 |
0.220 |
0.120 |
0.219 |
(0.269) |
|
6. Increase/ Decrease in Working Capital
Gap |
(0.785) |
0.538 |
0.430 |
0.681 |
1.386 |
|
7. Net Surplus(+)/ Deficit (-) (3-6) |
-- |
-- |
-- |
-- |
-- |
|
8. Increase/ Decrease in Bank Borrowings |
-- |
-- |
-- |
-- |
-- |
|
9. Increase/ Decrease in Net Sales |
2.568 |
1.000 |
1.000 |
1.100 |
1.400 |
|
|
|
|
|
|
|
|
Break-up
of 4 |
|
|
|
|
|
|
i. Increase/ Decrease in Raw Material |
(0.282) |
0.100 |
0.100 |
0.100 |
0.100 |
|
ii. Increase/ Decrease in
Stock-in-Progress |
-- |
-- |
-- |
-- |
-- |
|
iii. Increase/ Decrease in Finished Goods |
0.250 |
0.050 |
0.100 |
0.100 |
0.150 |
|
iv. Increase/ Decrease in Receivables |
|
|
|
|
|
|
a. Domestic |
0.421 |
0.300 |
0.200 |
0.300 |
0.400 |
|
b. Export |
-- |
-- |
-- |
-- |
-- |
|
v. Increase/ Decrease in Stores and Spares |
-- |
-- |
-- |
-- |
-- |
|
vi. Increase/ Decrease in Other Current
Assets |
(0.201) |
0.308 |
0.150 |
0.400 |
0.467 |
|
Total
|
0.188 |
0.758 |
0.550 |
0.900 |
1.117 |
-----------------------------------------------------------------------------------------------------------------------------
MISCELLANEOUS RATIOS
(RS. IN MILLION)
|
PARTICULARS
|
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
Projected |
Projected |
Projected |
Projected |
Projected |
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
1. Cash in Hand at Bank |
0.250 |
0.300 |
0.400 |
0.500 |
0.800 |
|
2. Investments (Short Term) |
- |
- |
- |
- |
- |
|
3. Accounts Receivable (Incl. B/R) |
- |
- |
- |
- |
- |
|
4. Inventory (R.W, WIP, FG, Spares) |
0.650 |
0.800 |
1.000 |
1.200 |
1.450 |
|
5. Sundry Debtors |
1.500 |
1.800 |
2.000 |
2.300 |
2.700 |
|
6. Deposits and Advances |
0.192 |
0.450 |
0.500 |
0.800 |
0.967 |
|
Total Current Assets (A) |
2.592 |
3.350 |
3.900 |
4.800 |
5.917 |
|
Fixed Assets |
|
|
|
|
|
|
1. Fixed Assets (Gross Value) |
4.035 |
3.430 |
3.116 |
2.979 |
2.607 |
|
2. Less: Accumulated Depreciation |
0.605 |
0.514 |
0.437 |
0.372 |
0.316 |
|
Total Fixed Assets (B) |
3.430 |
2.916 |
2.679 |
2.607 |
2.291 |
|
Other Assets |
|
|
|
|
|
|
1. Intangible Assets |
- |
- |
- |
- |
- |
|
2. Other Assets |
- |
- |
- |
- |
- |
|
Total Other Assets (C) |
- |
- |
- |
- |
- |
|
Total Assets (A+B+C) |
6.022 |
6.266 |
6.579 |
7.407 |
8.208 |
|
Liabilities |
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
1. Taxes/ Other Provisions |
- |
- |
- |
- |
- |
|
2. Working Capital Loan |
- |
- |
- |
- |
- |
|
3. Current Portion of Long-Term Loan/ Debt |
- |
- |
- |
- |
- |
|
4. Sundry Creditors |
1.300 |
1.600 |
1.800 |
2.100 |
2.400 |
|
5. Other Liabilities |
0.914 |
0.834 |
0.754 |
0.673 |
0.104 |
|
Total Current Liabilities (D) |
2.214 |
2.434 |
2.554 |
2.773 |
2.504 |
|
Long Term Debt |
|
|
|
|
|
|
1. Net of Current Portion |
1.718 |
1.202 |
0.686 |
0.171 |
0.144 |
|
2. Any Other Loan Term Debt |
- |
- |
- |
- |
- |
|
Total Long Term Debt (E) |
1.718 |
1.202 |
0.686 |
0.171 |
0.144 |
|
Capital Account |
|
|
|
|
|
|
1. Equity |
2.090 |
2.630 |
3.339 |
4.463 |
5.560 |
|
2. Free Reserve |
- |
- |
- |
- |
- |
|
3. P/L |
- |
- |
- |
- |
- |
|
Total Net Worth |
2.090 |
2.630 |
3.339 |
4.463 |
5.560 |
|
Total Liabilities and Capital Accounts (D+E+F) |
6.022 |
6.266 |
6.579 |
7.407 |
8.208 |
|
Other Inputs for Various Ratios |
|
|
|
|
|
|
1. Credit Limit |
- |
- |
- |
- |
- |
|
2. Net Sales |
6.000 |
7.000 |
8.000 |
9.100 |
10.500 |
|
3. Net Purchases |
4.100 |
4.700 |
5.600 |
6.500 |
7.800 |
|
4. Profit Before Interest and Tax |
1.205 |
1.391 |
1.463 |
1.558 |
1.634 |
|
5. Profit Before Tax |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
6. Profit After Tax |
0.915 |
1.072 |
1.225 |
1.400 |
1.557 |
|
7. Loss |
- |
- |
- |
- |
- |
|
8. Dividend Per Share |
- |
- |
- |
- |
- |
|
9. Number of Employees |
- |
- |
- |
- |
- |
|
10. Number of Shares |
- |
- |
- |
- |
- |
|
11. Market Price of Shares |
- |
- |
- |
- |
- |
|
12. Interest of Term Loan |
- |
- |
- |
- |
- |
|
13. Term Loan Installment |
- |
- |
- |
- |
- |
|
14. Commitment Liabilities (PF Dues + ESI
Dues + Telephone, Elec. Charges + Tax Dues, etc.) |
- |
- |
- |
- |
- |
|
15. Cost of Sales (Sales – Gross Profit) |
4.795 |
5.609 |
6.537 |
7.542 |
8.866 |
|
16. Short Term Bank Borrowings (Cash
Credit, Bill Limit, etc.) |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
PERFORMANCE/
FINANCIAL RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity Ratios |
|
|
|
|
|
|
a. Current Ratio |
1.17 |
1.38 |
1.53 |
1.73 |
2.36 |
|
b. Quick Ratio |
0.88 |
1.05 |
1.14 |
1.30 |
1.78 |
|
c. Quick Ratio (CL-Short Term Bank Loan) |
0.88 |
1.05 |
1.14 |
1.30 |
1.78 |
|
d. Net Working Capital |
0.378 |
0.916 |
1.346 |
2.027 |
3.413 |
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
|
|
|
|
a. Asset Turnover Ratio |
1.00 |
1.12 |
1.22 |
1.23 |
1.28 |
|
b. Inventory Turnover Ratio (in Days) |
39.54 |
41.71 |
45.63 |
48.13 |
50.40 |
|
c. Debtors Turnover Ratio (in Days) |
91.25 |
93.86 |
91.25 |
92.25 |
93.86 |
|
d. Creditors Turnover Ration (in Days) |
115.73 |
124.26 |
117.32 |
117.92 |
112.31 |
|
|
|
|
|
|
|
|
SOLVENCY
RATIO |
|
|
|
|
|
|
a. Debt-Equity Ratio |
0.82 |
0.46 |
0.21 |
0.04 |
0.03 |
|
b. total Indebtness Ratio |
1.88 |
1.38 |
0.97 |
0.66 |
0.48 |
|
c. Insolvency Ratio |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
COVERAGE
RATIOS |
|
|
|
|
|
|
a. Debt-Service Coverage Ratio |
-- |
-- |
-- |
-- |
-- |
|
b. Interest Coverage Ratio |
-- |
-- |
-- |
-- |
-- |
|
c. Fixed Assets Coverage Ratio |
0.50 |
0.41 |
0.26 |
0.07 |
0.06 |
|
d. Liquidity Coverage Ratio (in Days) |
134.69 |
126.92 |
116.53 |
111.22 |
87.04 |
|
e. Commitment Ratio |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
PROFITABILITY
RATIO |
|
|
|
|
|
|
a. Profit Margin (Before Tax) |
1.525 |
1.531 |
1.531 |
1.538 |
1.483 |
|
b. Profit Margin (After Tax) |
1.525 |
1.531 |
1.531 |
1.538 |
1.483 |
|
c. Operating Profit Ratio |
20.08 |
19.87 |
18.29 |
17.12 |
15.56 |
|
d. Return on Shareholder Fund (Before Tax) |
43.78 |
40.76 |
36.69 |
31.37 |
28.00 |
|
e. Return on Shareholder Fund (After Tax) |
43.78 |
40.76 |
36.69 |
31.37 |
28.00 |
|
f. Earning Per Share |
-- |
-- |
-- |
-- |
-- |
|
g. Price Earning Ratio |
-- |
-- |
-- |
-- |
-- |
|
h. Return on Investment |
24.03 |
27.97 |
30.43 |
30.21 |
27.30 |
|
i. Return on Capital Employed |
43.78 |
40.76 |
36.69 |
31.37 |
28.00 |
|
j. Dividend Yield |
-- |
-- |
-- |
-- |
-- |
|
k. Payout Ratio |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
OTHER
RATIOS |
|
|
|
|
|
|
a. Capital Employed per Employee |
-- |
-- |
-- |
-- |
-- |
|
b. Credit Gearing Ratio |
-- |
-- |
-- |
-- |
-- |
|
c. Debt Quasi Equity Ratio |
1.88 |
1.38 |
0.97 |
0.66 |
0.48 |
|
d. Gross Profit Ratio |
20.08 |
19.87 |
18.29 |
17.12 |
15.56 |
|
e. Intt./ Cost of Production |
0.06 |
0.06 |
0.04 |
0.02 |
0.01 |
|
f. Total Current Assets/ Sales (in Times) |
0.43 |
0.48 |
0.49 |
0.53 |
0.56 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
KAMLESHBHAI VISHNUBHAI
PATEL AND FAMILY (GUARANTORS)
(AS ON 18.06.2015)
(RS. IN MILLION)
|
SR. NO. |
Particulars |
Amount |
Amount |
|
|
|
|
|
|
1. |
Immovable
Properties |
|
|
|
2. |
Annual Income |
|
0.785 |
|
|
Wife’s Income |
0.752 |
|
|
|
Interest on Saving Accounts |
0.008 |
|
|
|
Interest on Fixed Deposit |
0.025 |
|
|
3. |
Movable Property |
|
2.854 |
|
|
Gold |
0.226 |
|
|
|
Silver |
0.488 |
|
|
|
Bank Balance |
0.020 |
|
|
|
Deposits |
0.430 |
|
|
|
Fixed Deposit with Banks |
0.300 |
|
|
|
Life Insurance Corporation |
1.350 |
|
|
|
Cash on Hand |
0.040 |
|
|
4. |
Total Networth
|
|
3.639 |
-----------------------------------------------------------------------------------------------------------------------------
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 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. 63.60 |
|
|
1 |
RS. 100.09 |
|
Euro |
1 |
RS. 71.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.