|
Report No. : |
319388 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
VENKATESHWARA FOODS |
|
|
|
|
Registered
Office : |
16-2-836/D/4, Malakpet, Hyderabad – 500059, Andhra
Pradesh |
|
|
|
|
Tel. No.: |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
30.12.2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMFV4700E |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturing of Snacks Foods, Papads, Soya Cakes, Namkeens and its
allied products. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern establishing itself gradually. Mr. Shashank Gupta (Chief Executive Officer) gave us all the
information and claimed that the subject will start its activity from October
2015. Payment terms are unknown. Subject can be considered for business dealings on safe and secured
business 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Shashank Gupta |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-8790000039 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered Office : |
17-1-391/T/250, Saraswati Nagar, Saidabad, Hyderabad – 500059, Andhra
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8790000039 (Mr. Shashank Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
Sy.No.521, Elkanta (V), Farooqnagar (M), Mahabubnagar Dist, Telangana,
India |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mrs. Priyanka Gupta |
|
Designation : |
Partner |
|
Address : |
17-1-391/T/250, Saraswati Nagar, Saidabad, Hyderabad – 500059, Andhra
Pradesh, India |
|
Date of Birth/Age : |
21.09.1990 |
|
PAN No.: |
BDQPP0719P |
|
|
|
|
Name : |
Mrs. Sonia Gupta |
|
Designation : |
Partner |
|
Address : |
17-1-391/T/250, Saraswati Nagar, Saidabad, Hyderabad – 500059, Andhra
Pradesh, India |
|
Date of Birth/Age : |
08.08.1983 |
|
PAN No.: |
AJTPG8932H |
KEY EXECUTIVES
|
Name : |
Mr. Shashank Gupta |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Snacks Foods, Papads, Soya Cakes, Namkeens and its
allied products. |
|
|
|
|
Products : |
· Snacks Foods · Papads · Soya Cakes · Namkeens, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Dealers and Distributor
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
SJR and Associates Chartered Accountants |
|
Address : |
No. 16-11-740/1/G-4, Shailaja Estates, Gaddiannaram, Dilsukhnagar,
Hyderabad – 500060, Andhra Pradesh, India |
|
Tel. No.: |
91-40-24155567 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
· SRK Food Products Private Limited · Quality Sweets and Namkeens · Sonia Foods · Krishna Foods · Allied Food Products · Balaji Foods · Priya Trading Company |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW CONCERN
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(RS. IN MILLION)
|
S. No. |
PARTICULARS |
Amount |
|
|
|
|
|
1 |
Plant and Machinery |
42.213 |
|
|
|
|
|
2 |
Equipment’s |
0.408 |
|
|
|
|
|
3 |
Electricals |
3.589 |
|
|
|
|
|
4 |
Working Capital |
7.000 |
|
|
|
|
|
|
Total |
53.210 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(RS. IN MILLION)
|
S. No. |
PARTICULARS |
Amount |
|
|
|
|
|
1 |
Shareholders Funds |
|
|
|
- Share Capital |
13.209 |
|
|
|
|
|
2 |
Loans |
|
|
|
Term Loans |
35.000 |
|
|
Working Capital |
5.000 |
|
|
|
|
|
|
Total |
53.209 |
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE RATIO (DSCR)
(RS. IN MILLION)
|
Particulars |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
|
|
COVER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit after Tax |
1.531 |
3.089 |
4.205 |
5.623 |
6.956 |
8.543 |
|
|
|
|
|
|
|
|
|
Add |
|
|
|
|
|
|
|
-
Depreciation |
1.996 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
|
|
|
|
|
|
|
|
-
Interest Term Loan |
5.082 |
4.586 |
3.709 |
2.892 |
2.076 |
1.259 |
|
|
|
|
|
|
|
|
|
Total |
8.609 |
14.133 |
13.421 |
13.212 |
13.037 |
13.220 |
|
|
|
|
|
|
|
|
|
DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Interest Term Loan |
5.082 |
4.586 |
3.709 |
2.892 |
2.076 |
1.259 |
|
|
|
|
|
|
|
|
|
-
Principal repayment of TL |
-- |
5.833 |
5.833 |
5.833 |
5.833 |
5.833 |
|
|
|
|
|
|
|
|
|
Total |
5.082 |
10.419 |
9.542 |
8.726 |
7.909 |
7.092 |
|
|
|
|
|
|
|
|
|
DSCR |
1.69 |
1.36 |
1.41 |
1.51 |
1.65 |
1.86 |
|
|
|
|
|
|
|
|
|
Average DSCR |
1.61 |
|||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY STATEMENT
(RS. IN MILLION)
|
Particulars |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
Operating Capacity |
40% |
70% |
70% |
70% |
70% |
70% |
|
Months |
7 |
12 |
12 |
12 |
12 |
12 |
|
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
|
INCOME |
||||||
|
|
|
|
|
|
|
|
|
Sales |
34.819 |
63.980 |
67.179 |
70.538 |
74.065 |
77.768 |
|
|
|
|
|
|
|
|
|
Less: Vat@5% |
1.741 |
3.199 |
3.359 |
3.527 |
3.703 |
3.888 |
|
|
|
|
|
|
|
|
|
Net Sales |
33.078 |
60.781 |
63.820 |
67.011 |
70.362 |
73.880 |
|
|
|
|
|
|
|
|
|
DIRECT EXPENDITURE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Material Cost |
24.277 |
39.764 |
41.752 |
44.257 |
46.913 |
49.259 |
|
|
|
|
|
|
|
|
|
Other Manufacturing cost |
1.601 |
2.913 |
3.055 |
3.208 |
3.368 |
3.537 |
|
|
|
|
|
|
|
|
|
Total |
25.877 |
42.677 |
44.807 |
47.465 |
50.281 |
52.795 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock |
--- |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
|
|
|
|
|
|
|
|
|
Less: Closing Stock |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
|
|
|
|
|
|
|
|
Total Cost of sales |
20.820 |
41.059 |
44.140 |
46.731 |
49.473 |
51.907 |
|
|
|
|
|
|
|
|
|
Operating Profit |
12.259 |
19.723 |
19.681 |
20.280 |
20.889 |
21.973 |
|
|
|
|
|
|
|
|
|
Salaries and Wages |
2.741 |
3.654 |
3.837 |
4.029 |
4.230 |
4.441 |
|
|
|
|
|
|
|
|
|
Administration expenses |
0.174 |
0.183 |
0.192 |
0.202 |
0.212 |
0.222 |
|
|
|
|
|
|
|
|
|
Depreciation |
1.996 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
|
|
|
|
|
|
|
|
Total |
4.910 |
10.295 |
9.535 |
8.926 |
8.448 |
8.081 |
|
|
|
|
|
|
|
|
|
Interest on |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Term Loan |
5.082 |
4.586 |
3.709 |
2.892 |
2.076 |
1.259 |
|
|
|
|
|
|
|
|
|
- Working Capital Loan |
0.350 |
0.700 |
0.700 |
0.700 |
0.700 |
0.700 |
|
|
|
|
|
|
|
|
|
Total |
5.432 |
5.286 |
4.409 |
3.592 |
2.776 |
1.959 |
|
|
|
|
|
|
|
|
|
PBT |
1.916 |
4.142 |
5.736 |
7.762 |
9.665 |
11.933 |
|
|
|
|
|
|
|
|
|
Net Profit Margin (%) |
6% |
7% |
9% |
12% |
14% |
16% |
|
|
|
|
|
|
|
|
|
Income tax |
0.385 |
1.053 |
1.531 |
2.139 |
2.710 |
3.390 |
|
|
|
|
|
|
|
|
|
PAT |
1.531 |
3.089 |
4.205 |
5.623 |
6.956 |
8.543 |
|
|
|
|
|
|
|
|
|
Drawings |
-- |
0.500 |
1.000 |
1.500 |
2.000 |
2.500 |
|
|
|
|
|
|
|
|
|
Retained Profit |
1.531 |
2.589 |
3.205 |
4.123 |
4.956 |
6.043 |
|
|
|
|
|
|
|
|
|
Cash Accruals |
3.527 |
9.047 |
8.712 |
8.819 |
8.962 |
9.461 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLION)
|
Particulars |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
|
|
SOURCE OF FUNDS |
|
|
|
|
|
|
|
Share
Capital |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
|
-
Profit and Loss A/c |
1.531 |
4.121 |
7.326 |
11.450 |
16.405 |
22.448 |
|
Term
Loans |
35.000 |
29.167 |
23.333 |
17.500 |
11.667 |
5.833 |
|
Current
Liabilities |
|
|
|
|
|
|
|
-
Bank OD |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
-
Sundry Payables |
0.194 |
0.320 |
0.336 |
0.356 |
0.377 |
0.396 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
Fixed
Assets (Gross Block) |
46.209 |
44.214 |
37.756 |
32.249 |
27.553 |
23.547 |
|
Less:
Depreciation |
1.996 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
Net
Block |
44.214 |
37.756 |
32.249 |
27.553 |
23.547 |
20.129 |
|
Current
Assets |
|
|
|
|
|
|
|
- Receivables |
4.962 |
5.458 |
6.004 |
6.604 |
7.264 |
7.991 |
|
- Stock |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
- Other Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
- Cash and Bank Balance |
0.702 |
1.927 |
3.609 |
5.280 |
6.961 |
8.992 |
|
|
|
|
|
|
|
|
|
TOTAL |
54.935 |
51.817 |
49.205 |
47.515 |
46.658 |
46.887 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW
(RS. IN MILLION)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
|
|
|
|
|
|
|
|
|
|
CASH INFLOW |
|
|
|
|
|
|
|
Increase
in Capital |
13.209 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Net
Profit After Tax |
1.531 |
2.589 |
3.205 |
4.123 |
4.956 |
6.043 |
|
|
|
|
|
|
|
|
|
Depreciation |
1.996 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
|
|
|
|
|
|
|
|
Increase
Term Loans |
35.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase
in working capital |
5.000 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Increase
in Current Liabilities |
0.194 |
0.126 |
0.016 |
0.020 |
0.021 |
0.019 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH OUTFLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase
in Fixed Assets |
46.209 |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Repayment
of Term Loan |
-- |
5.833 |
5.833 |
5.833 |
5.833 |
5.833 |
|
|
|
|
|
|
|
|
|
Increase
in Receivables |
4.962 |
0.496 |
0.546 |
0.600 |
0.660 |
0.726 |
|
|
|
|
|
|
|
|
|
Increase
in stock |
5.058 |
1.618 |
0.668 |
0.734 |
0.808 |
0.889 |
|
|
|
|
|
|
|
|
|
Increase
in Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening Balance |
-- |
0.702 |
1.927 |
3.609 |
5.280 |
6.961 |
|
|
|
|
|
|
|
|
|
Surplus / (Deficit) |
0.702 |
1.225 |
1.681 |
1.671 |
1.681 |
2.031 |
|
|
|
|
|
|
|
|
|
Closing Balance |
0.702 |
1.927 |
3.609 |
5.280 |
6.961 |
8.992 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLION)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
||
|
|
|
|
|
|
|
|
|
|
1 |
Gross Sales |
|
|
|
|
|
|
|
|
Domestic Sales |
34.819 |
63.980 |
67.179 |
70.538 |
74.065 |
77.768 |
|
|
|
|
|
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Discount and Incentives received |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Total Sales |
34.819 |
63.980 |
67.179 |
70.538 |
74.065 |
77.768 |
|
|
|
|
|
|
|
|
|
|
2 |
Less: Excise Duty, VAT |
1.741 |
3.199 |
3.359 |
3.527 |
3.703 |
3.888 |
|
|
|
|
|
|
|
|
|
|
3 |
Net Sales (Item 1 - Item 2) |
33.078 |
60.781 |
63.820 |
67.011 |
70.362 |
73.880 |
|
|
|
|
|
|
|
|
|
|
4 |
Percentage rise (+) or fall (-) in sales |
-- |
83.75% |
5.00% |
5.00% |
5.00% |
5.00% |
|
|
|
|
|
|
|
|
|
|
5 |
Cost of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases (including stores and spares and other items used in the process of manufacture) |
24.277 |
39.764 |
41.752 |
44.257 |
46.913 |
49.259 |
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
24.277 |
39.764 |
41.752 |
44.257 |
46.913 |
49.259 |
|
|
|
|
|
|
|
|
|
|
|
Consumables |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Direct expenses |
1.601 |
2.913 |
3.055 |
3.208 |
3.368 |
3.537 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
1.996 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
|
|
|
|
|
|
|
|
|
|
Sub Total |
27.873 |
49.135 |
50.314 |
52.162 |
54.287 |
56.213 |
|
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock in Process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Sub Total |
27.873 |
49.135 |
50.314 |
52.162 |
54.287 |
56.213 |
|
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock in Process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Cost of Production |
27.873 |
49.135 |
50.314 |
52.162 |
54.287 |
56.213 |
|
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock Finished Goods |
-- |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
|
|
|
|
|
|
|
|
|
|
|
Sub Total |
27.873 |
54.193 |
56.990 |
59.505 |
62.365 |
65.099 |
|
|
|
|
|
|
|
|
|
|
|
Deduct: Closing Stock Finished Goods |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
|
|
|
|
|
|
|
|
|
|
Total cost of sales |
22.816 |
47.516 |
49.646 |
51.427 |
53.479 |
55.324 |
|
|
|
|
|
|
|
|
|
|
6 |
Selling, general and administrative expenses |
2.915 |
3.837 |
4.029 |
4.230 |
4.442 |
4.664 |
|
|
|
|
|
|
|
|
|
|
7 |
Sub Total |
25.730 |
51.353 |
53.675 |
55.657 |
57.921 |
59.988 |
|
|
|
|
|
|
|
|
|
|
8 |
Operating Profit before Interest (3-7) |
7.348 |
9.428 |
10.145 |
11.354 |
12.441 |
13.892 |
|
|
|
|
|
|
|
|
|
|
9 |
Interest and finance charges |
5.432 |
5.286 |
4.409 |
3.592 |
2.776 |
1.959 |
|
|
|
|
|
|
|
|
|
|
10 |
Operating Profit after Interest (8-9) |
1.916 |
4.142 |
5.736 |
7.762 |
9.665 |
11.933 |
|
|
|
|
|
|
|
|
|
|
11 |
Other non-operating income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(a) Misc. Income |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Subtotal (Income) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Deduct non-operating expenses |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Subtotal (expenses) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
Net of other non-operating income and expenses [11-12] |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
PROFIT/LOSS BEFORE TAX [10+13] |
1.916 |
4.142 |
5.736 |
7.762 |
9.665 |
11.933 |
|
|
|
|
|
|
|
|
|
|
14 |
PROVISION FOR TAXES |
|
|
|
|
|
|
|
|
(a) Current Tax |
0.385 |
1.053 |
1.531 |
2.139 |
2.710 |
3.390 |
|
|
(b) Deferred Tax |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
SUB TOTAL (I+II+III) |
0.385 |
1.053 |
1.531 |
2.139 |
2.710 |
3.390 |
|
|
|
|
|
|
|
|
|
|
15 |
Net Profit/Loss after tax (13-14) |
1.531 |
3.089 |
4.205 |
5.623 |
6.956 |
8.543 |
|
|
|
|
|
|
|
|
|
|
16 |
Drawings |
-- |
0.500 |
1.000 |
1.500 |
2.000 |
2.500 |
|
17 |
Retained Profit |
1.531 |
2.589 |
3.205 |
4.123 |
4.956 |
6.043 |
|
|
|
|
|
|
|
|
|
|
18 |
Retained Profit/ Net Profit (%) |
100% |
84% |
76% |
73% |
71% |
71% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLION)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
||
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Short term borrowings from banks (including
bills purchased, discounted and excess borrowings placed on repayment basis) |
|
|
|
|
|
|
|
|
(I) From Applicant Bank |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
(II) From other Banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(III) Of which BP and BD |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (A) |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
2 |
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
3 |
Sundry Creditors (Trade) |
0.194 |
0.320 |
0.336 |
0.356 |
0.377 |
0.396 |
|
|
|
|
|
|
|
|
|
|
4 |
Advance payments from customers / deposits
from dealers |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5 |
Provision for taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
6 |
Dividend payable |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7 |
Other statutory liabilities (due within one
year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8 |
Deposits/installments of term loans / DPGS
/ Debentures, etc. (due within one year) |
-- |
5.833 |
5.833 |
5.833 |
5.833 |
5.833 |
|
|
|
|
|
|
|
|
|
|
9 |
Other current liabilities and provisions (due
within one year. Specify major items) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
0.194 |
6.153 |
6.169 |
6.189 |
6.210 |
6.229 |
|
|
|
|
|
|
|
|
|
|
10 |
TOTAL CURRENT LIABILITIES |
5.194 |
11.153 |
11.169 |
11.189 |
11.210 |
11.229 |
|
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11 |
Debentures (Not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
12 |
Preference Shares (redeemable after one
year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13 |
Term Loans (excluding installments payable
within one year) |
35.000 |
23.333 |
17.500 |
11.667 |
5.833 |
0.000 |
|
|
|
|
|
|
|
|
|
|
14 |
Deferred Payment Credits (excluding
installments due within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15 |
Term Deposits (repayable after one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
16 |
Other Term Liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
17 |
TOTAL TERM LIABILITES |
35.000 |
23.333 |
17.500 |
11.667 |
5.833 |
0.000 |
|
|
|
|
|
|
|
|
|
|
18 |
TOTAL OUTSIDE LIABILITIES |
40.194 |
34.487 |
28.669 |
22.856 |
17.044 |
11.229 |
|
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
Capital |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
|
|
|
|
|
|
|
|
|
|
20 |
Surplus (+) or Deficit (-) in Profit and Loss
Account |
1.531 |
4.121 |
7.326 |
11.450 |
16.405 |
22.448 |
|
|
|
|
|
|
|
|
|
|
21 |
(a) Others (specify) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
22 |
NET WORTH |
14.741 |
17.330 |
20.536 |
24.659 |
29.615 |
35.658 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 |
Cash and Bank Balances |
0.702 |
1.927 |
3.609 |
5.280 |
6.961 |
8.992 |
|
|
|
|
|
|
|
|
|
|
27 |
Investments (Other than long term
investment) |
|
|
|
|
|
|
|
|
(a) Government and other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Fixed Deposits with Banks |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
28 |
(a) Receivables other than deferred & exports
(include bills purchased and discounted by banks) |
4.962 |
5.458 |
6.004 |
6.604 |
7.264 |
7.991 |
|
|
|
|
|
|
|
|
|
|
|
(b) Export Receivables (include bills
purchased and discounted by banks) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
29 |
Installments of deferred receivables (due
within one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
30 |
Inventory |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
|
(a) Raw Materials (including stores and other
items used un the process of manufacture) |
|
|
|
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
-
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(b) Stock in Process |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
(c) Finished Goods |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
|
(d) Other Consumable Spares |
|
|
|
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
-
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
31 |
Advances to suppliers of Raw Materials and
Stores & Spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
32 |
Advance payment of Taxes |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33 |
Other Current Assets (Specify major items) |
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
34 |
TOTAL CURRENT ASSETS |
10.721 |
14.061 |
16.956 |
19.962 |
23.112 |
26.758 |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35 |
GROSS BLOCK |
46.209 |
44.214 |
37.756 |
32.249 |
27.553 |
23.547 |
|
36 |
Less: Depreciation to date |
1.993 |
6.458 |
5.507 |
4.696 |
4.006 |
3.418 |
|
37 |
NET BLOCK |
44.214 |
37.756 |
32.249 |
27.553 |
23.547 |
20.129 |
|
|
CAPITAL WORK IN PROGRESS |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
OTHER NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38 |
Investments / Book debts / Advances/
Deposits which are not Current Assets |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(a) Investments in Subsidiary Companies /
Affiliates |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(b) Other investments |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(c) Advances to suppliers of capital goods
& contractors |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(d) Deferred Receivables (Maturity
exceeding one year) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
(e) Others |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Debtors more than 6 months |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
- Security Deposits |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
- Others |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
39 |
Non Consumable Stores & Spares |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
40 |
Other non-current assets (including dues
from Directors) |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
41 |
TOTAL OTHER NON-CURRENT ASSETS |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
42 |
INTANGIBLE ASSETS |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL ASSETS (34+37+41+42) |
54.935 |
51.817 |
49.205 |
47.515 |
46.658 |
46.887 |
|
|
|
|
|
|
|
|
|
|
44 |
Investments in Associates |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
45 |
NET WORKING CAPITAL |
5.527 |
2.908 |
5.787 |
8.773 |
11.901 |
15.529 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT RATIO |
2.06 |
1.26 |
1.52 |
1.78 |
2.06 |
2.38 |
|
|
|
|
|
|
|
|
|
|
|
TNW |
147.41 |
173.30 |
205.36 |
246.59 |
296.15 |
356.58 |
|
|
|
|
|
|
|
|
|
|
|
TOL / TNW |
2.73 |
1.99 |
1.40 |
0.93 |
0.58 |
0.31 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE (2ND METHOD)
(RS. IN MILLION)
|
SR. NO. |
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
||
|
|
|
|
|
|
|
|
|
|
1 |
Total Current Assets |
10.721 |
14.061 |
16.956 |
19.962 |
23.112 |
26.758 |
|
|
|
|
|
|
|
|
|
|
2 |
Total Current Liabilities (CL) (Except Bank Borrowings and TL
Installments due within one year) |
0.194 |
0.320 |
0.336 |
0.356 |
0.377 |
0.396 |
|
|
|
|
|
|
|
|
|
|
3 |
Working Capital Gap |
10.527 |
13.741 |
16.620 |
19.606 |
22.734 |
26.362 |
|
|
|
|
|
|
|
|
|
|
4 |
Minimum stipulated Net Working Capital (25% of Total Current Assets
excluding Export Receivables) |
2.680 |
3.515 |
4.239 |
4.991 |
5.778 |
6.689 |
|
|
|
|
|
|
|
|
|
|
5 |
Actual/ Projected NWC |
5.527 |
8.741 |
11.620 |
14.606 |
17.734 |
21.362 |
|
|
|
|
|
|
|
|
|
|
6 |
Item 3 - 4 |
7.847 |
10.226 |
12.381 |
14.616 |
16.957 |
19.672 |
|
|
|
|
|
|
|
|
|
|
7 |
Item 3 - 5 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
8 |
Maximum Permissible Bank Finance (Lower of 6 and 7) |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
|
9 |
Excess Borrowings Representing Shortfall in NWC |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE AND FINANCIAL INDICATORS
(RS. IN MILLION)
|
PARTICULARS |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
|
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
(Projected) |
|
|
|
|
|
|
|
|
|
|
Domestic Sales (Gross) |
34.819 |
63.980 |
67.179 |
70.538 |
74.065 |
77.768 |
|
|
|
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Net Sales |
33.078 |
60.781 |
63.820 |
67.011 |
70.362 |
73.880 |
|
|
|
|
|
|
|
|
|
Percentage rise/fall in net sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit Growth (%) |
-- |
83.75% |
5.00% |
5.00% |
5.00% |
5.00% |
|
|
|
|
|
|
|
|
|
PBDIT |
9.344 |
15.886 |
15.652 |
16.050 |
16.447 |
17.310 |
|
|
|
|
|
|
|
|
|
Operating Profits (PBIT) |
7.348 |
9.428 |
10.145 |
11.354 |
12.441 |
13.892 |
|
|
|
|
|
|
|
|
|
Profit Before Tax (PBT) |
1.916 |
4.142 |
5.736 |
7.762 |
9.665 |
11.933 |
|
|
|
|
|
|
|
|
|
PBT/Net Sales |
5.79% |
6.81% |
8.99% |
11.58% |
13.74% |
16.15% |
|
|
|
|
|
|
|
|
|
Profit After Tax (PAT) |
1.531 |
3.089 |
4.205 |
5.623 |
6.956 |
8.543 |
|
|
|
|
|
|
|
|
|
Cash Accrual (After dividend) |
3.527 |
9.047 |
8.712 |
8.819 |
8.962 |
9.461 |
|
|
|
|
|
|
|
|
|
Total Tangible Assets (TTA) |
54.935 |
51.817 |
49.205 |
47.515 |
46.658 |
46.887 |
|
|
|
|
|
|
|
|
|
Total Outside Liabilities |
40.194 |
34.487 |
28.669 |
22.856 |
17.044 |
11.229 |
|
|
|
|
|
|
|
|
|
Paid up Capital |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
13.209 |
|
|
|
|
|
|
|
|
|
TNW |
14.741 |
17.330 |
20.536 |
24.659 |
29.615 |
35.658 |
|
|
|
|
|
|
|
|
|
TOL/TNW (Times) |
2.73 |
1.99 |
1.40 |
0.93 |
0.58 |
0.31 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Times) |
2.71 |
1.97 |
1.38 |
0.91 |
0.56 |
0.30 |
|
|
|
|
|
|
|
|
|
NWC |
5.527 |
2.908 |
5.787 |
8.773 |
11.901 |
15.529 |
|
|
|
|
|
|
|
|
|
Current Ratio |
2.06 |
1.26 |
1.52 |
1.78 |
2.06 |
2.38 |
|
|
|
|
|
|
|
|
|
Quick Ratio |
1.09 |
0.66 |
0.86 |
1.06 |
1.27 |
1.51 |
|
|
|
|
|
|
|
|
|
Adjusted TNW |
14.741 |
17.330 |
20.536 |
24.659 |
29.615 |
35.658 |
|
|
|
|
|
|
|
|
|
Adjusted TOL/TNW |
2.73 |
1.99 |
1.40 |
0.93 |
0.58 |
0.31 |
|
|
|
|
|
|
|
|
|
OTHER RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Cost/Net Sales (%) |
77.79% |
84.49% |
84.10% |
83.06% |
82.32% |
81.20% |
|
|
|
|
|
|
|
|
|
Net Sales/TTA (times) |
0.60 |
1.17 |
1.30 |
1.41 |
1.51 |
1.58 |
|
|
|
|
|
|
|
|
|
PBDIT |
9.344 |
15.886 |
15.652 |
16.050 |
16.447 |
17.310 |
|
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales/Total Tangible Assets |
0.60 |
1.17 |
1.30 |
1.41 |
1.51 |
1.58 |
|
|
|
|
|
|
|
|
|
PBT/Total Tangible Assets (%) |
3.49% |
7.99% |
11.66% |
16.34% |
20.72% |
25.45% |
|
|
|
|
|
|
|
|
|
Bank Finance/Current Assets (%) |
46.64% |
35.56% |
29.49% |
25.05% |
21.63% |
18.69% |
|
|
|
|
|
|
|
|
|
Inventory + Receivables to Net Sales (Days) |
110.56 |
72.87 |
76.34 |
79.97 |
83.78 |
87.77 |
|
|
|
|
|
|
|
|
|
RISK RATING RELATED RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio |
2.06 |
1.26 |
1.52 |
1.78 |
2.06 |
2.38 |
|
|
|
|
|
|
|
|
|
TOL / TNW (Times) |
2.73 |
1.99 |
1.40 |
0.93 |
0.58 |
0.31 |
|
|
|
|
|
|
|
|
|
PBDIT/Interest (Times) |
1.72 |
3.01 |
3.55 |
4.47 |
5.93 |
8.84 |
|
|
|
|
|
|
|
|
|
PAT/Net Sales (%) |
4.63% |
5.08% |
6.59% |
8.39% |
9.89% |
11.56% |
|
|
|
|
|
|
|
|
|
ROCE (%) (PBDIT/TA) |
17.01% |
30.66% |
31.81% |
33.78% |
35.25% |
36.92% |
|
|
|
|
|
|
|
|
|
(INV+REC)/Sales (Days) |
105.03 |
69.22 |
72.52 |
75.97 |
79.59 |
83.38 |
|
|
|
|
|
|
|
|
|
INVENTORY AND
RECEIVABLES HOLDING LEVELS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finished Goods |
5.058 |
6.676 |
7.344 |
8.078 |
8.886 |
9.775 |
|
|
|
|
|
|
|
|
|
Holding Period in Months |
2.66 |
1.69 |
1.78 |
1.88 |
1.99 |
2.12 |
|
|
|
|
|
|
|
|
|
Holding Period in Days |
80.91 |
51.28 |
53.99 |
57.33 |
60.65 |
64.49 |
|
|
|
|
|
|
|
|
|
Receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(A) Indigenous |
4.962 |
5.458 |
6.004 |
6.604 |
7.264 |
7.991 |
|
|
|
|
|
|
|
|
|
Holding Period in Months |
1.71 |
1.02 |
1.07 |
1.12 |
1.18 |
1.23 |
|
|
|
|
|
|
|
|
|
Receivables (Total) |
4.962 |
5.458 |
6.004 |
6.604 |
7.264 |
7.991 |
|
|
|
|
|
|
|
|
|
Holding Period in Days |
52.01 |
31.14 |
32.62 |
34.17 |
35.80 |
37.50 |
|
|
|
|
|
|
|
|
|
Sundry Creditors |
0.194 |
0.320 |
0.336 |
0.356 |
0.377 |
0.396 |
|
|
|
|
|
|
|
|
|
Holding Period in Days |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
2.74 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. SONIA GUPTA
(RS. IN MILLION)
|
PARTICULARS |
AMOUNT |
|
|
|
|
ASSETS |
|
|
|
|
|
Residential Flat Bearing Flat No. 408, 4th Floor of Tirumala Towers, H. No. 17-1-391/T/130, 131, 132, 133 in Sy. Nos. 137/1, 137/2 and 137/5, situated at Sankeshwara Bazar, Saidabad, Hyderabad |
3.500 |
|
|
|
|
Gold and Jewellary |
1.875 |
|
|
|
|
Cash and Bank Balance |
0.100 |
|
|
|
|
Total Assets |
5.475 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. PRIYANKA GUPTA
(RS. IN MILLION)
|
PARTICULARS |
AMOUNT |
|
|
|
|
ASSETS |
|
|
|
|
|
Plot Bearing Plot No. 909, in Sy. No. 156, situated at Adi Tirumala Nagar, Majeepur (V), Hayathnagar Revenue Mandal, Ranga Reddy District |
2.000 |
|
|
|
|
Plot Bearing Plot No. 37 & 47, in Sy. Nos. 104, 105 and 106, situated at Adi Balaji Nagar, Jalalpur (V), B Pochampally Revenue Mandal, Ranga Reddy District |
1.500 |
|
|
|
|
Investment in Krishna Foods as on 31st March 2014 |
1.509 |
|
|
|
|
Investment in Gunal Foods Private Limited |
2.500 |
|
|
|
|
Gold and Jewellary |
1.500 |
|
|
|
|
Cahs and Bank Balance |
0.100 |
|
|
|
|
Total Assets |
9.109 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. PRATHIBHA DEVI
(GUARANTOR)
(RS. IN MILLION)
|
PARTICULARS |
AMOUNT |
|
|
|
|
ASSETS |
|
|
|
|
|
50% Share in Residential House Bearing H. No. 17-1-391/T/250, in Sy. Nos. 137/1, 137/2 and 137/5, Saraswathi Nagar, Saidabad, Hyderabad, Admeasuring 300 Sq. Yds. With buildup area of 7400 sft. |
9.000 |
|
|
|
|
Investment in Quality Sweets and Namkeens as on 31.03.2014 |
4.605 |
|
|
|
|
Investment in Gunal Foods |
2.800 |
|
|
|
|
Gold and Jewellary |
2.000 |
|
|
|
|
Cash and Bank Balance |
0.100 |
|
|
|
|
Total Assets |
18.505 |
------------------------------------------------------------------------------------------------------------------------------
PROFILE
PROMOTERS:
Mr. Harish Chandra Gupta, aged about 55 years, purchased a land in the year 2006 at bongloor (V), Ibrahimpatnam and setup a manufacturing industry related to Food Products. He has an decades of experience in the field of food related products and carrying the business in the names of his family members, such as:-
· Sonia Foods, Prop: Harish Chandra Gupta, carrying the business of manufacturing of food products in his name and has achieved a turnover of Rs.12.500 Million during the financial year 2013-14 and projecting a turnover of Rs.15.000 Million for the current financial year. Capital investment in the above said business as on 31.03.2014 is Rs.5.500 Million.
· Quality Sweets and Namkeens, Prop: Prathibha Devi, carrying the business of manufacturing of food products. Mr. Harish Gupta Carrying the business in his wife name and has achieved a turnover of Rs.13.000 Million during the financial year 2013-14. Capital investment in the above said business as on 31.03.2014 is Rs.4.500 Million.
· Priya Trading Company, Prop: Sumit Gupta, carrying the business of Trading of food products. Mr. Harish Gupta Carrying the business in his son name and has achieved a turnover of Rs.31.000 Million during the financial year 2013-14. Capital investment in the above said business as on 31.03.2014 is Rs. 4.000 Million.
· Krishna Foods, Prop: Shashank Gupta, carrying the business of manufacturing of food products. Mr. Harish Gupta Carrying the business in his Son in Law name and has achieved a turnover of Rs.14.700 Million during the financial year 2013-14. Capital investment in the above said business as on 31.03.2014 is Rs. 4.500 Million.
· SRK Food Products Private Limited, represented by its Managing Director Mr. Harish Chandra Gupta, carrying the business of manufacturing of food products. Mr. Harish Gupta Carrying the business in company name and has achieved a turnover of Rs.15.000 Million during the financial year 2013-14. Reserves and Surplus as on 31.03.2014 is Rs.13.700 Million.
Mr. Harish Gupta, also carrying the business related to food products, in his other family members names, such as M. P. Food Products, S.M Food Products and Himalaya Foods etc.
Mr. Harish Gupta aged 53 years, born in Uttar Pradesh, Dist.:
Moradabad migrated to Hyderabad in the year 2000. He started manufacturing of
fryums and corn puff in a small industry in an unorganized way. Subsequently he
started M/s. Sonia Foods in the year 2006 as a company with passion and
dedication for innovation, expertise and satisfaction. Customers recognized
them as the manufacturer of outstanding quality, exceptional taste and value
for money ready to eat snacks comprising fryums, corn puffs, kurkure etc.
They market their products all across India with a vision of getting into
exports successively accomplishing Indian markets. With this stature comes both
responsibility and opportunity. Their responsibility is to be an ethical
corporate citizen—but their opportunity is something far greater, and is
embodied in their Purpose. Their Purpose, Values and Principles are the
building blocks of their culture. Their Purpose unifies them in a shared
vision, their Values classify their behaviors toward each other and their
Principles articulate their beliefs about business. They will provide branded
products and services of superior quality and value that enhance the lives of
the consumers, now and for generations to come. As a result, consumers will
reward them with leadership sales, profit and value creation, allowing their
people, their associates and the communities in which they live and work to
flourish. Successively, started SRK Food Products in the year 2006 with a
vision of making it big and converted the same into SRK Food Products Pvt. Ltd
in the year 2011.
MARKETING STRATEGY
Raw material required for final production will be procured from the existing dealers/distributors and others dealing with the respecting products. As the promoters having experience in the food manufacturing industry, with the experience they will
procure quality of materials with the best market rates. Promoters opinion that with their experience they can easily identify the quality of materials in the market.
They supply their manufactured products to the distributors/dealers based on their requirements. They are in contact with the distributors/dealers for the last 10 years and doing continues business with them by supplying food products which are manufactured in their plant. They are very much confident on their products with respect to quality and prompt supply of products in time. Some of the distributors/dealers in different states are given below:
Hubli Sweets - Karnataka
Diamond Traders - Bangalore
Ayyappa Trading Co. - Chennai
Jainuddin Traders - Coimbatore
Ridwan Traders - Tamilnadu
Punam Punch - Lathore
Lingaraj Trading Co - Berhampur
Payal Foods - Bhubaneshwar
Ashok Upparpalli - Telangana
Bhumaiah Agencies - Hyderabad
As a general business practice they extend the credit period of 30 to 45 days to the distributors/dealers. As they are procuring the materials from the distributors/ dealers directly they have to make the payments on purchase. This is where the Working capital need is being arises.
They are employing a well-qualified and experienced Site Engineer in their plant. Further, technical supervisors are also being employed to monitor the day to day production activities.
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
I.
GENERAL DETAILS |
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Purpose of which the valuation is made |
Bank of India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Valuation requested by |
Manager Bank of India, Dilsukhnagar Branch |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Date of Inspection |
04.04.2015 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Date on which the valuation is made |
11.04.2015 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
List of Documents product |
1) Copy of Sale Deed Vide Doct No. 4791/2014 dated 09.07.2014 at SRO Farooq Nagar, Value as per deed at Rs. 1.200 Million 2) Copy of Approvd Plan Dt: 11.11.2014, issued by Elikatta gram panchayath 3) Copy of Land Conversion from Agricultural to Non Agricultural purpose vide no. Q/7479/2014 dated 25.10.2014 issued by RDO, Mahabubnagar an extent AC 2-16 Gts |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Scope of Valuation |
Extent of Land: AC 2-16gts Structures: Shed and RCC Structures Under Construction Permitted Areas Shed and RCC part – 29394 sft (includes RCC area of 1917 sft) Existing Areas Shed area: 37,500
(300’ x 125’) Age of the
building: Under Construction Residual life of the building (60 Years after completion) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Present/ Expected rent from the property |
Rs. 0.060 (After Completion) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Inspection was conducted in the presence of |
Owner’s Representative |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Name of the owner(s) and his/her address(es) with phone no. (Details of share of each owner in case of joint ownership) |
Quality Sweets and
Namkeens Rep By Mrs.
Pratibha Devi |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Brief Description of the Property |
The subject property is an individual shed under construction in an extent of land with area of Ac 2-16 gts. Proposes to construct RCC structures and ACC lean sheds for Packing Section, Production Section, Store, Preparatory Section, Finishing Product Store, Raw Material Packing Section, Washing Room, Change Room and Toilets, etc. as on date brick work raised upto lintel level. Sheds columns works under progress. Remaining works are under progress. The site is located in developing industrial locality in Elikata (V) under Farooqnagar mandal limits, Mahaboobnagar District. The site is around 0.6 km from main road and 6.5 k, from Shadnagar bus stop. Neighbouring properties are also mortgaged with BOI |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Location of the Property |
|
||||||||||||||||||||||||||||||||||||||||||
|
Plot No./ Survey No. |
Sy. No. 521 |
||||||||||||||||||||||||||||||||||||||||||
|
Door No. |
Elikatta (V) and G.P. |
||||||||||||||||||||||||||||||||||||||||||
|
Mandal/ District |
Farooqnagar (M), Mahaboobnagar District |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Postal Address of the Property |
Sy. No. 521, Elikatta (V) and G.P., Farooqnagar (M), Mahaboobnagar District |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
City/ Town |
Town |
||||||||||||||||||||||||||||||||||||||||||
|
Industrial / Commercial Area |
Industrial Area |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Classification of the Area |
|
||||||||||||||||||||||||||||||||||||||||||
|
High/ Middle/ Poor |
Middle Class |
||||||||||||||||||||||||||||||||||||||||||
|
Urban/ Sub Urban/ Rural |
Semi-Urban |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Coming under corporation limit/ Village Panchayat/ Municipality |
G.P. Limits |
||||||||||||||||||||||||||||||||||||||||||
|
Permit No. |
Copy of Approved Plan vide dated 11.11.2014, issued by gram panchayath Farooqnagar |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Whether covered under any State/ Central Government enactments (e.g. Urban Land Celing Act) or notified under agency area Scheduled area/ cantonment area |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Boundaries of the property |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
Deed North: Sy. No. 520 South: Sy. No. 522 East: Land of Priya Trading (Sy. No. 518) West: Land of Krishna Foods (Sy. No. 521) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Boundaries of the property |
As per existing North: Internal Road and Open South: Internal Road East: Road and Priya Traders West: Road and Krishna Foods |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Extent of site |
|
||||||||||||||||||||||||||||||||||||||||||
|
As per Deed |
Ac 2-16 gts |
||||||||||||||||||||||||||||||||||||||||||
|
As per Sanctioned Plan |
Ac 2-16 gts |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Extent of the site considered for valuation |
Ac 2-16 gts |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Whether occupied by the owner/tenant? |
Under Construction |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
II. CHARACTERISTICS OF THE SITE |
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Classification of Locality |
Middle Class |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Development of surrounding area |
Developing industrial zone |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Possibility of frequent flooding |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Feasibility to the civic amenities like school, hospital, bus stop, market, etc., |
Within a distance of 2-4 km |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Level of land with Topographical condition |
Levelled land |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Shape of land |
Irregular in shape |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Type of use to which it can be put |
Industrial |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Any use restriction |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is plot in town planning approved layout |
-- |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Corner plot or intermittent plot |
Intermittent plot |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Road facilities |
Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Type of road available at present |
Earthen road |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Width of road – is it below 20ft. or morethan 20 ft |
40’ wide road |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is it a Land-Locked Land? |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Water Potentiality |
Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Underground sewerage system |
Underground – proposed |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Power supply is available in the site |
Yes |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
General Remarks, if any |
Nil |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Assessed/ Adopted rate of valuation |
Rs. 2,200,000/- per acre |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Estimated Value of the land (Rs. 2,200,000 per acre @ Ac2-16gts) |
Rs. 5.280 Million |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
III VALUATION OF BUILDING TECHNICAL DETAILS OF THE BUILDING |
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Type of Building (Residential/ Commercial/ Industrial) |
Industrial Sheds |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Type of Construction (Load Bearing/ RCC/ Steel Framed) |
RCC |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Year of Construction |
Under Construction |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Number of floors and height of each floor including basement, if any |
20’ height |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Plinth Area |
Shed and RCC – 29394 sft |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Condition of the building |
|
||||||||||||||||||||||||||||||||||||||||||
|
Exterior-Excellent, Good, Normal, Poor |
Under construction |
||||||||||||||||||||||||||||||||||||||||||
|
Interior-Excellent, Good, Normal, Poor |
Under construction |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Specifications: |
|
||||||||||||||||||||||||||||||||||||||||||
|
This is a RCC Framed Structure Building |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Foundation and Basement |
CRS masonry with RCC footings |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Super structure |
Brick masonry in C.M. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Plastering |
In C.M. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Flooring |
-- |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Roof, Staircase, etc. |
ACC Sheet roof and part RCC |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Doors |
-- |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Windows |
-- |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Services |
Bore well with motor – completed |
||||||||||||||||||||||||||||||||||||||||||
|
Electrical |
Normal |
||||||||||||||||||||||||||||||||||||||||||
|
Sanitary |
Available |
||||||||||||||||||||||||||||||||||||||||||
|
Water supply |
Bore well with motor |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
State of construction |
As on date brick work raised upto lintel level. Plastering work completed. Sheds columns raised. Brick work under progress. Pillars raised upto 9’ Height for ACC sheet also completed. Around 65% of work is completed |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
DETAILS OF VALUATION AREA
TOTAL ABSTRACT OF THE ENTIRE PROPERTY
The Distress value or Forced sale value for the said property could be due to various factors like location in Developed Residential area, condition of the building, maintenance, accessibility, sentimental reasons, Vasthu conditions, shape of land and other factors, etc. keeping in view of all above few facts, 20% less than Fair Market value
|
|||||||||||||||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
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. 63.88 |
|
|
1 |
Rs. 97.21 |
|
Euro |
1 |
Rs. 72.51 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.