MIRA INFORM REPORT

Report No. :	319060
Report Date :	14.05.2015

IDENTIFICATION DETAILS

Name :	SUPER TOOLS

Registered Office :	5, Abhinandan Industrial Estate, Girnar Scooter Compound, Odhav Ring Road, Ahmedabad – 382415, Gujarat
Mobile No.:	91-8080886585 (Mrs. Shefali Pankaj Koradia)

Country :	India

Financials (as on) :	Not Available (New Concern)

Date of Incorporation :	16.10.2014

Capital Investment / Paid-up Capital :	Rs. Million

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	APCPK0288F

Legal Form :	Sole Proprietary Concern

Line of Business :	Manufacturer of Tungsten Carbide Cutting Tools.

No. of Employees :	3 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Concern

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new proprietary concern incorporated on 16the June 2014. Mrs. Shefali Pankaj Koradia, Proprietor has provided information to us and claimed that activities of the concern is expected to start within next 2 months. Payment terms are reported to be unknown. The concern can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mrs. Shefali Pankaj Koradia
Designation :	Proprietor
Contact No.:	91-8080886585
Date :	08.05.2015

LOCATIONS

Registered Office / Factory:	5, Abhinandan Industrial Estate, Girnar Scooter Compound, Odhav Ring Road, Ahmedabad – 382415, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-8080886585 / 9324086585 (Mrs. Shefali Pankaj Koradia)
Fax No.:	Not Available
E-Mail :	Helix_india@ymail.com
Area :	500 Sq.ft.
Location :	Rented

SOLE PROPRIETOR

Name :	Mrs. Shefali Pankaj Koradia
Designation :	Proprietor
Address :	608, B, Vaishali Apartment, Near Om Shanti Circle, Devidas Lane, Borivali (West), Mumbai – 400103, Maharashtra, India
Date of Birth/Age :	12.10.1970 (45 Years )
Qualification :	Inter CA
Experience :	8 Years
PAN No.:	APCPK0288F
Voter ID:	YBB2095081
Aadhaar No.:	762847724671

BUSINESS DETAILS

Line of Business :	Manufacturer of Tungsten Carbide Cutting Tools.

Products :	Carbide Cutting Tools

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Available

Imports :	Not Available

Terms :	Not Available

PRODUCTION STATUS : NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	M/c. Kennametal (India) Limited, Bangalore M/c. Sandvik Asia Limited, Pune
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

Retailer and End Users

Reference :	Gajjar Tools, Ahmedabad Ajanta Industries, Ahmedabad Shivam Precitech Private Limited, Vadoadra Shri Ambica Engineering, Ahmedabad B R Engineering, Ahmedabad
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

3 (Approximately)

Bankers :

Bank Name	Bank of India
Branch	Himatlal Park, Ahmedabad, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Credit Limit
Remarks (If any)	Not Divulged

Auditors :
Name :	Y. C. Rasal and Associates Chartered Accountants
Address :	52, Buildiing No.8, Bindra Complex, Guru Arjundev CHSL, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	22-28325191
Mobile No.:	91-9920365411
E-Mail :	ycrasal@gmail.com

Name :	Sanjay Thkkar and Associates Chartered Accountants

Memberships :	--

Collaborators :	--

Sister Concern :	Not Available

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	Not Divulged

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	No
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	No
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	--
26]	Buyer visit details	--
27]	Financials, if provided	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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

MRS. SHEFALI PANKAJ KOTADIA

COMPUTATION OF TOTAL INCOME

(RS. IN MILLION)

PARTICULARS	2014-2015

INCOME FROM BUSINESS AND PROFESSION			0.458
Non Speculative Business Income		0.458

INCOME FROM OTHER SOURCES			0.011
Interest Gross	0.011
Total other income		0.011
Gross amount chargeable to tax at normal applicable rates		0.011
Income from other sources (other than from owning race horses and amount chargeable to tax at special rates)		0.011
Income from other sources (other than from owning race horses)		0.011

TOTAL INCOME			0.469
Loss of current year adjustment			0.000

GROSS TOTAL INCOME			0.469

Less : Deduction Under Chapter VIA			0.102
80C		0.100
80TTA		0.002

TOTAL TAXABLE INCOME			0.367

TAX PAYABLE
Tax Payable on Total Income		0.017
---Tax @ Normal Rate	0.017
---Less : Rebate u/s 87A	0.002
Education Cess		0.001
Surcharges		0.000

GROSS TAX LIABILITY			0.015

GROSS TAX PAYABLE			0.015

Tax relief			0.000

NET TAX LIABILITY			0.015

INTEREST PAYABLE			0.000
-------234A		0.001

AGGREGATE TAX LIABILITY			0.015

TAX PAID
----Self-Assessment		0.010
----TDS		0.005

AMOUNT PAYABLE REFUND			0.000

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MRS. SHEFALI PANKAJ KOTADIA

BALANE SHEET

(RS. IN MILLION)

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012

PROPRIETOR’S FUNDS
1] Proprietor Capital	2.208	1.821	1.496
2] Share Application Money	0.000	0.000	0.000
3] Profit and Loss Account	0.000	0.000	0.000
4] (Accumulated Losses)	0.000	0.000	0.000
NETWORTH	2.208	1.821	1.496

LOAN FUNDS
1] Secured Loans	0.200	0.200	0.200
2] Unsecured Loans	0.000	0.000	0.000
TOTAL BORROWING	0.200	0.200	0.200

DEFERRED TAX LIABILITIES	0.000	0.000	0.000

TOTAL	2.408	2.021	1.696

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]	0.002	0.002	0.002
Capital work-in-progress	0.000	0.000	0.000

INVESTMENT	0.185	0.085	0.085
DEFERRED TAX ASSETS	0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
Inventories	0.000	0.000	0.000
Sundry Debtors	0.305	0.227	0.275
Cash & Bank Balances	0.070	0.047	0.042
Other Current Assets	0.000	0.000	0.000
Loans & Advances and Deposits	2.175	1.875	1.420
Total Current Assets	2.550	2.149	1.737

Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	0.329	0.205	0.120
Other Current Liabilities / Duty and Taxes	0.000	0.000	0.000
Provisions	0.000	0.010	0.008
Total Current Liabilities	0.329	0.215	0.128

Net Current Assets	2.221	1.934	1.609

MISCELLANEOUS EXPENSES	0.000	0.000	0.000

TOTAL	2.408	2.021	1.696

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MRS. SHEFALI PANKAJ KOTADIA

PROFIT AND LOSS

(RS. IN MILLION)

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	0.891	0.878	0.624
	Other Income	0.000	0.000	0.000
	TOTAL	0.891	0.878	0.624

Less	EXPENSES

	Conveyances	0.028	0.025	0.019
	Cost of Goods Sold	0.308	0.356	0.216
	Electricity Charges	0.006	0.005	0.003
	Printing and Stationary	0.006	0.006	0.002
	Professional Fees	0.000	0.010	0.008
	Wages	0.084	0.078	0.060
	TOTAL	0.432	0.480	0.308

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.459	0.398	0.316

Less/ Add	DEPRECIATION/ AMORTISATION	0.001	0.000	0.001

	NET PROFIT/ (LOSS)	0.458	0.398	0.315

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COST OF PROJECT

(RS. IN MILLION)

Description	Incurred Up to 30.09.2014 In Million	Proposed to be incurred In Million	Grand Total In Million	Margin on new %	Eligible Term Loan In Million

Land	0.000	0.000	0.000	100%	0.00

Factory Building Constriction	0.000	0.000	0.000	100%	0.00

Plant and Machinery	0.000	21.747	21.747	25%	16.310

Interest During Construction Period	0.000	0.000	0.000	100%	0.000

Total Capital Expenditures	0.000	21.747	21.747		16.310

Working Capital Margin	0.000	2.293	2.293	100.00	0.000
Total Term Loan	0.000	24.040	24.040		16.310

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PROPOSED MEANS OF FINANCE

(RS. IN MILLION)

Description	Existing As on 31.03.2014	Proposed To Be Raised In Million	Grand Total In Million

Capital	1.036	2.500	3.536

Term loan	0.000	16.300	16.300

Unsecured loan and deposit	0.200	2.104	2.304

Internal Accruals	1.171	0.729	1.900

Total	2.407	21.633	24.040

Particulars	Name of Suppliers	Rs. In Million	Rs. In Million

WIDMA “ECOGRIND VX5”5	Kennametal India Limited, Bangalore		19.914
HX-78	I J Sys	1.650
	Add: CST 2%	0.030	1.683
	Stabilizer		0.150
Total			21.747

Rs. In Million			21.747

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PROJECTED BALANCE SHEET

(RS. IN MILLION)

PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected
LIABILITIES

Share Capital	1.036	3.536	3.536	3.536	3.536	3.536	3.536
Surplus in Profit and Loan A/C	1.698	1.900	2.489	2.871	3.876	6.012	9.077
Bank Borrowing for W C	0.000	2.500	2.500	2.500	2.500	2.500	2.500
Term Loan	0.000	15.631	13.862	11.835	11.835	6.853	3.805
Unsecured Loans	0.200	2.304	2.304	2.304	2.304	2.304	2.304
TOTAL	2.934	25.871	24.691	23.046	21.729	21.205	21.222

ASSETS
Fixed Assets (Gross Block)	0.002	21.748	21.748	21.748	21.748	23.748	23.748
Depreciation Reserve	0.000	3.263	6.036	8.393	10.396	12.399	14.101
Net Block	0.002	18.485	15.712	13.355	11.352	11.349	9.647

Investments	0.185	0.185	0.185	0.185	0.185	0.185	0.185


CURRENT ASSETS LOAN AND ADVANCE
Debtors	0.336	3.463	3.773	3.775	4.119	4.496	4.527
Inventories	0.000	1.750	1.754	1.733	1.889	2.056	2.058
Raw Material	0.000	0.402	0.402	0.402	0.442	0.482	0.482
Work in process	0.000	0.269	0.293	0.293	0.320	0.350	0.352
Finished Goods	0.000	1.079	1.059	1.038	1.127	1.225	1.224
Cash and Bank Balances	0.599	0.233	1.489	2.221	2.447	1.421	3.105
Other Current Assets	2.175	2.175	2.175	2.175	2.175	2.175	2.175
(Loans & Advances & Deposits)	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	3.110	7.620	9.190	9.902	10.630	10.149	11.865
LESS: CURRENT LIABILITIES & PROVISIONS
Sundry Creditors for goods	0.362	0.419	0.396	0.396	0.438	0.478	0.475
Provision for Taxation	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Advance for sales	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other Liabilities	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	0.362	0.419	0.396	0.396	0.438	0.478	0.475
Net Current Assets	2.748	7.201	8.794	9.505	10.192	9.671	11.390

Miscellaneous Expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000

TOTAL	2.934	25.871	24.691	23.046	21.729	21.205	21.533

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PROJECTED PROFIT & LOSS ACCOUNT

(RS. IN MILLION)

PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected
INCOME
SALES
Outright	0.000	14.042	15.300	15.300	16.704	18.234	18.360
Jobwork	1.068	1.282	1.538	1.846	2.215	2.658	3.189
Other Income	0.000	0.000	0.000	0.000	0.000	0.000	0.000

NET INCOME	1.068	15.324	16.838	17.146	18.919	20.892	21.549

COST OF PRODUCTION
Raw Material	0.000	6.885	6.885	6.885	7.574	8.262	8.262
Labour charges	0.400	0.460	0.530	0.609	0.700	0.805	0.926
Transportation	0.000	0.140	0.153	0.153	0.167	0.182	0.184
Power and Fuel	0.008	0.532	0.532	0.532	0.585	0.638	0.638
Repair and Maintenance	0.000	0.038	0.042	0.043	0.047	0.052	0.054
Salaries and Wages	0.092	1.404	1.530	1.224	1.670	1.823	1.836
Other Manufacturing Expense	0.000	0.344	0.344	0.689	0.757	0.826	0.826
Adm. And Selling Expense	0.041	0.061	0.092	0.138	0.207	0.310	0.465
Depreciation	0.000	3.262	2.773	2.357	2.003	2.003	1.702
Total	0.541	13.128	12.880	12.629	13.711	14.902	14.893

Add: Opening Stock of WIP and FG	0.000	0.000	1.348	1.352	1.331	1.447	1.575
Less: Opening Stock of WIP and FG	0.000	1.348	1.352	1.331	1.447	1.575	1.576
	0.541	11.779	12.876	12.649	13.595	14.775	14.891
Finance Charges
Interest on term loan	0.000	2.029	2.030	1.772	1.477	1.139	0.751
Interest on Working Capital	0.000	0.314	0.342	0.342	0.342	0.342	0.342
Miscellaneous Expenses W/Off	0.000	0.000	0.000	0.000	0.000	0.000	0.000

TOTAL EXPENDITURE	0.541	14.122	15.249	14.764	15.414	16.256	15.984

Profit before tax	0.527	1.202	1.589	2.382	3.505	4.636	5.565
% PBT/Sales	4.934	0.785	0.944	1.389	1.853	2.219	2.582
Provision for taxation	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Profit after tax	0.527	1.202	1.589	2.382	3.505	4.636	5.565
	49.34%	7.85%	9.44%	13.89%	18.53%	22.19%	25.82%
Dividend Paid	0.000	1.000	1.000	2.000	2.500	2.500	2.500

Retained Paid	0.527	0.202	0.589	0.382	1.005	2.136	3.065

Depreciatin added back	0.000	3.262	2.773	2.357	2.003	2.003	1.702

Net Cash Accrual	0.527	4.464	4.362	4.739	5.508	6.639	7.267

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DEBT SERVICE COVERAGE RATIO (DSCR)

(RS. IN MILLION)

PARTICULARS	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021
	Estimated	Projected	Projected	Projected	Projected	Projected

Net Profit After Tax before Deferred Taxation	1.202	1.589	2.382	3.505	4.636	5.565

- Depreciation	3.262	2.773	2.357	2.003	2.003	1.702

Cash Accruals [A]	4.464	4.362	4.739	5.508	6.639	7.267

- Interest Term Loan	2.029	2.030	1.772	1.477	1.139	0.751

Sub Total – [B]	6.493	6.392	6.511	6.985	7.778	8.018

Term loan Instalment	0.669	1.769	2.027	2.322	2.660	3.048

Interest Term Loan	2.029	2.030	1.772	1.477	1.139	0.751

Sub Total [C]	2.698	3.799	3.799	3.799	3.799	3.799

DSCR (with interest) B/C	0.241	0.168	0.171	0.184	0.205	0.211

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ACTUAL AND PROJECTED PERFORMANCE

(RS. IN MILLION)

Particulars	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021
As on	Estimated	Projected	Projected	Projected	Projected	Projected	Projected
Capital	1.036	3.536	3.536	3.536	3.536	3.536	3.536
Reserves and Surplus	1.698	1.900	2.489	2.871	3.876	6.012	9.077
Intangible assets	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Tangible networth	2.734	5.436	6.025	6.407	7.412	9.548	12.613
Net Working Capital	2.748	2.932	4.267	4.683	5.032	4.123	5.398
Current ratio	0.859	0.163	0.187	0.190	0.190	0.168	0.183
Gross Block	0.002	21.748	21.748	21.748	21.748	23.748	23.748
Net Block	0.002	18.485	15.712	13.355	11.352	11.349	9.647
Net Sales	1.068	15.324	16.838	17.146	18.919	20.892	21.549
PBDIT	0.527	6.807	6.734	6.853	7.327	8.120	8.360
Net Profit/Loss	0.527	1.202	1.589	2.382	3.505	4.636	5.565
Depreciation	0.000	3.262	2.773	2.357	2.003	2.003	1.702
Cash Accruals	0.527	3.464	3.362	2.739	3.008	4.139	4.767
PBDIT / Gross Sales [%]	49.34%	44.42%	39.99%	39.97%	38.73%	38.86%	38.80%
Net Profit Margins [%]	49.34%	7.85%	9.44%	13.89%	18.53%	22.19%	25.82%
TDER [TOL TNW]	0.070	0.297	0.235	0.184	0.124	0.064	0.021
(Including Quasi Capital)
TDER [TOL TNW]	0.021	0.384	0.316	0.266	0.199	0.127	0.072
(Including Quasi Capital)
Interest coverage Ratio	0.00	2.91	2.84	3.24	4.03	5.48	7.65
PBDIT/TTA	0.016	0.026	0.027	0.029	0.033	0.037	0.039
Net Profit/ Networth	0.019	0.022	0.026	0.037	0.047	0.049	0.044

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

		PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected

1		GROSS SALES
	a	Domestic Sales	0.000	14.042	15.300	15.300	16.704	18.234	18.360
	b	Job Work	1.068	1.282	1.538	1.846	2.215	2.658	3.189
		Total	1.068	15.324	16.838	17.146	18.919	20.892	21.549
2		Less: Excise Duty	0.000	0.000	0.000	0.000	0.000	0.000	0.000
3		NET SALES (1-2)	1.068	15.324	16.838	17.146	18.919	20.892	21.549
4		%age rise (+) or fall (-) in net sales as compared to previous year	20%	1335%	10%	2%	10%	10%	3%

5		COST OF SALES
	a	[Including Stores and Other Items used in Process of Manufacture]
		Raw Material [Including Stores and Other Items used in Process of Manufacture]
		Imported	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Indigenous	0.000	6.885	6.885	6.885	7.574	8.262	8.262
		Packing Material	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	b	Other Spares	0.000	0.038	0.042	0.043	0.047	0.052	0.054
	c	Power and Fuel	0.008	0.532	0.532	0.532	0.585	0.638	0.638
	d	Direct Labour (Salary & Wages)	0.493	1.865	2.060	1.833	2.371	2.629	2.762
	e	Other Direct Expenses	0.000	0.485	0.497	0.842	0.924	1.009	1.010
	f	Depreciation	0.000	3.262	2.773	2.357	2.003	2.003	1.702

	g	Sub-Total (Item a to f)	0.500	13.067	12.788	12.491	13.504	14.592	14.428

	h	Add: Opening stock - WIP	0.000	0.000	0.269	0.293	0.293	0.320	0.350

	I	Sub-total (Item h-i)	0.500	13.067	13.058	12.784	13.798	14.913	14.778

	J	Less: Closing Stock in process	0.000	0.269	0.293	0.293	0.320	0.350	0.352

	k	Cost of Production (Item i-j)	0.500	12.797	12.764	12.491	13.477	14.563	14.426

	l	Add: Opening stock – Finished Goods	0.000	0.000	1.079	1.059	1.038	1.127	1.225

	n	Sub-total	0.500	12.797	13.843	13.550	14.515	15.690	15.651
	o	Less: Closing Stock – Finished Goods	0.000	1.079	1.059	1.038	1.127	1.225	1.224
	p	Sub-total [Cost of Sales]	0.500	11.718	12.785	12.512	13.388	14.465	14.427
		Gross Profit	0.568	3.606	4.053	4.634	5.531	6.427	7.122

6		Selling, General & Administrative Expenses	0.041	0.061	0.092	0.138	0.207	0.310	0.465
7		Sub-total (5-+6)	0.541	11.779	12.876	12.649	13.595	14.775	14.891

8		Operating Profit before interest (3-7)	0.527	3.545	3.962	4.496	5.324	6.117	6.658
			49.34%	44.42%	39.99%	39.97%	38.73%	38.86%	38.80%
9		Interest	0.000	2.342	2.372	2.114	1.819	1.481	1.093

10		Operating Profit after interest (8-9)	0.527	1.202	1.589	2.382	3.505	4.636	5.565

11	i)	Add: Other Income
	a	Write backs	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	b	Other income	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Sub-total (Income)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	ii)	Deduct other non-operating expense
	a	Write off	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	b	Other expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	c	Previous year’s adj.	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Sub total (Expenses)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	iii)	Net of other non-operating incomes/ expenses [Net of 11(i) & 11 (ii)]	0.000	0.000	0.000	0.000	0.000	0.000	0.000

12		Profit before tax/loss [10+11(iii)]	0.527	1.202	1.589	2.382	3.505	4.636	5.565

13		Provision for tax	0.000	0.000	0.000	0.000	0.000	0.000	0.000

14		Net Profit / (Loss)	0.527	1.202	1.589	2.382	3.505	4.636	5.565
		PAT as per P/L	0.527	1.202	1.589	2.382	3.505	4.636	5.565

15	a	Equity dividend paid amount (already paid + B.S. provision)	0.000	1.000	1.000	2.000	2.500	2.500	2.500
	b	Dividend Rate (%age)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

16		Retained Profit (14-15)	0.527	0.202	0.589	0.382	1.005	2.136	3.065

17		Retained Profit / Net Profit (%)

		NET CASH ACCRUAL	0.527	3.464	3.362	2.739	3.008	4.139	4.767

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

Sr. No	PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected
	CURRENT LIABILITIES
1	Short term borrowings from bank (incl. Bills purchased, discounted & excess borrowings placed on repayment basis)
	(i) From Application Bank	0.000	2.500	2.500	2.500	2.500	2.500	2.500
	(ii) From Other Banks	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	(iii) of which EP & BD
	Sub Total (A)	0.000	2.500	2.500	2.500	2.500	2.500	2.500

2	Short term borrowings from others	0.000	0.000	0.000	0.000	0.000	0.000	0.000

3	Deposits (Maturing within 1 yr)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

4	Sundry creditors (Trade)	0.362	0.419	0.396	0.396	0.438	0.478	0.475

5	Unsecured loans	0.000	0.000	0.000	0.000	0.000	0.000	0.000

6	Advance/progress payments from customers/deposits from dealers selling agents etc.	0.000	0.000	0.000	0.000	0.000	0.000	0.000

7	Interest and other charges accrued but not due for payment	0.000	0.000	0.000	0.000	0.000	0.000	0.000

8	Provision for Taxation	0.000	0.000	0.000	0.000	0.000	0.000	0.000

9	Dividend Payable	0.000	0.000	0.000	0.000	0.000	0.000	0.000

10	Other statutory liabilities (due within one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

11	Instalments of term loans/deferred payment credits/debentures/redeemable preference shares (due within 1 yr.)
	1) Term loan Instalment	0.000	1.769	2.027	2.322	2.660	3.048	3.492

12	Other current liabilities & Provisions (due within one year) (major items to be specified individually) (credit for capital goods)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Sub Total (B)	0.362	2.188	2.423	2.718	3.098	3.526	3.967

13	TOTAL CURRENT LIABILITIES [TOTAL of 1 to 12]	0.362	4.688	4.923	5.218	5.598	6.026	6.467

	TERM LIABILITIES
14	Debentures (not maturing within one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

15	Preference Shares (redeemable after one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

16	Term loans (excluding instalments payable within one year)	0.000	13.862	11.835	9.513	6.853	3.805	0.313

17	Deferred Payment Credits (excl. instalments due within one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

18	Term deposits (repayable after one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

19	Other term liabilities (Unsecured loans)	0.200	2.304	2.304	2.304	2.304	2.304	2.304

20	Total term liabilities (Total of 14 to 19)	0.200	16.166	14.139	11.817	9.157	6.109	2.617

21	Total Outside Liabilities [Item 13 + item 20]	0.562	20.854	19.062	17.035	14.755	12.134	9.084

	NET WORTH

22	Ordinary Share Capital promoters contribution	1.036	3.536	3.536	3.536	3.536	3.536	3.536

23	Share application money	0.000	0.000	0.000	0.000	0.000	0.000	0.000

24	General Reserve	1.698	1.900	2.489	2.871	3.876	6.012	9.077

25	Investment all Reserve	0.000	0.000	0.000	0.000	0.000	0.000	0.000

26	Other reserves (excluding provisions)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

27	Surplus (+) or deficit (-) in Profit & Loss Account	0.000	0.000	0.000	0.000	0.000	0.000	0.000

28	Net worth (Total of items 22 to 27)	2.734	5.436	6.025	6.407	7.412	9.548	12.613

29	TOTAL LIABILITIES [21+28]	3.296	26.290	25.087	23.443	22.167	21.683	21.697

	CURRENT ASSETS

30	Cash & Bank balances	0.599	0.233	1.489	2.221	2.447	1.421	3.105

31	Investments [Other than Long term Investment e.g. Sinking Funds, Gratuity Funds etc.]
	i. Government and Other Trustee Securities	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	ii. Fixed Deposits with Banks	0.000	0.000	0.000	0.000	0.000	0.000	0.000

32	i. Receivables other than Deferred and Export receivables [Including Bill, purchase and discounted]	0.336	3.463	3.773	3.773	4.119	4.496	4.527
	ii. Export receivables [Including Bill purchased and Discounted by Bankers]	0.000	0.000	0.000	0.000	0.000	0.000	0.000

33	Instalments of Deferred receivables [Due within one year]	0.000	0.000	0.000	0.000	0.000	0.000	0.000

34	Inventory
	(i) Raw materials (including stores and other items used in the process of manufacture)
	(a) Imported	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	(b) Indigenous	0.000	0.402	0.402	0.402	0.442	0.482	0.482
	(c) Chemical	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	(ii) Stock-in-process	0.000	0.269	0.293	0.293	0.320	0.350	0.352
	(iii) Finished Goods	0.000	1.079	1.059	1.038	1.127	1.225	1.224
	(iv) Packing Material	0.000	0.000	0.000	0.000	0.000	0.000	0.000

35	A. Advance to suppliers of Raw materials & stores / spares consumables	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	B. Advance for Capital Goods

36	Advance payment of taxes

37	Other current assets [Major items to be specified individually] Loans and Advances	2.175	2.175	2.175	2.175	2.175	2.175	2.175

38	TOTAL CURRENT ASSET [Total 30 to 37]	3.110	7.620	9.190	9.902	10.630	10.149	11.865

	FIXED ASSETS

39	Gross Block (land & building, machinery, Construction in progress etc.)	0.002	21.748	21.748	21.748	21.748	23.748	23.748

40	Depreciation to date	0.000	3.263	6.036	8.393	10.396	12.399	14.101

41	Net Block (39-40)	0.002	18.485	15.712	13.355	11.352	11.349	9.647

	OTHER NON-CURRENT ASSETS
42	Investments/book debts /advances deposits which are not current assets

	i.(a) Investments in subsidiary companies
	(b) Others	0.185	0.185	0.185	0.185	0.185	0.185	0.185

	ii. Advances to suppliers of capital goods, Spares & contractors for capital expenditure	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	iii. Deferred receivables (other than those maturing within one year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	iv. Others	0.000	0.000	0.000	0.000	0.000	0.000	0.000

43	Non-consumables stores & spares	0.000	0.000	0.000	0.000	0.000	0.000	0.000

44	Other Miscellaneous assets including dues from Directors	0.000	0.000	0.000	0.000	0.000	0.000	0.000

45	TOTAL OTHER NON-CURRENT ASSETS (Total of 42 to 44)	0.185	0.185	0.185	0.185	0.185	0.185	0.185

46	Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided for etc.)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

47	TOTAL ASSETS (Total of 38, 41, 45 & 46)	3.296	26.291	25.088	23.442	22.167	21.683	21.697
		0.000	0.000	0.000	0.000	0.000	0.000	0.000
48	Tangible net worth (28-46)	2.734	5.436	6.025	6.407	7.412	9.548	12.613

49	Net working Capital (38-13)	20748	2.932	4.267	4.683	5.032	4.123	5.398

50	Current Ratio	0.859	0.163	0.187	0.190	0.190	0.168	0.183

51	Total outside liabilities / Tangible Net worth	0.021	0.384	0.316	0.266	0.199	0.127	0.072

52	Total term liabilities/ Tangible Networth	0.007	0.297	0.235	0.184	0.124	0.064	0.021

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

FUNDS FLOW STATEMENT

(RS. IN MILLION)

Sr. No.	PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected

1	SOURCES
	[a] Net profit after tax	0.527	1.202	1.589	2.382	3.505	4.636	5.565
	[b] Depreciation	0.000	3.262	2.773	2.357	2.003	2.003	1.702
	[c] Misc. Expenses w/off	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Gross Fund Generated	0.527	4.464	4.362	4.739	5.508	6.639	7.267

	Less taxes paid/payable (relating to the year)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Less dividend paid/payable (relating to the year)/ Tr. To Gen. Res.	0.000	1.000	1.000	2.000	2.500	2.500	2.500

	Less misc. Exp. W/off	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Less Issue of bonus share	0.000	0.000	0.000	0.000	0.000	0.000	0.000

A	Sub-total net funds generated	0.527	3.464	3.362	2.739	3.008	4.139	4.767

	Increase in capital	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in share application money	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in general reserve	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in Reserve (Receipt of subsidy)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in term liabilities	0.000	15.966	0.000	0.000	0.000	0.000	0.000

	Decrease in fixed assets	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in inter-corporate investments and advances	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in other non-current assets	0.000	0.000	0.000	0.000	0.000	0.000	0.000

B	SUB-TOTAL	0.000	18.466	0.000	0.000	0.000	0.000	0.000

	Increase in short-term bank borrowings (Including bills purchased and discounted by bankers)	0.000	2.500	0.000	0.000	0.000	0.000	0.000

	Increase in other current liabilities	0.033	1.826	0.235	0.295	0.380	0.427	0.442

	Decrease in inventory	0.000	0.000	0.000	0.021	0.000	0.000	0.000

	Decrease in receivables (Including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in other current assets (Including cash and bank balances)	0.000	0.366	0.000	0.000	0.000	1.026	0.000

C	Sub total	0.033	4.691	0.235	0.316	0.380	1.453	0.442

	Total funds available (A+B+C)	0.560	26.622	3.597	3.055	3.389	5.592	5.209

	USES
	Increase in fixed assets	0.000	21.747	0.000	0.000	0.000	2.000	0.000

	Decrease in capital	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in share premium	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in share application money	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in term liabilities	0.000	0.000	2.027	2.322	2.660	3.048	3.492

	Decrease in depreciation reserve (Sale of asset)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in Inter-corporate investments and advances	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in other non-current asset	0.000	0.000	0.000	0.000	0.000	0.000	0.000

D	Sub total	0.000	21.747	2.027	2.322	2.660	5.048	3.492

	Decrease in short term bank borrowing (Including bills purchased and discounted by bankers)	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Decrease in the current liabilities	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	Increase in inventory	0.000	1.750	0.004	0.000	0.156	0.167	0.002

	Increase in receivables	0.031	3.127	0.310	0.00	0.346	0.377	0.031

	Increase in other current assets (Including cash & Bank balance)	0.530	0.000	1.256	0.732	0.226	0.000	1.684

E	Sub total	0.561	4.877	1.570	0.732	0.728	0.545	1.717

	Total funds (D+E)	0.561	26.624	3.597	3.054	3.389	5.593	5.209
		0.001	0.001	0.000	(0.001)	0.000	0.001	0.000

	SUMMERY

	Long term sources	0.527	21.930	3.362	2.739	3.008	4.139	4.767

	Less long term uses	0.000	21.747	2.027	2.322	2.660	5.048	3.492

	Surplus(+)/Shortfall(-)	0.527	0.184	1.335	0.417	0.348	(0.909)	1.275

	Short term sources	0.033	4.692	0.235	0.316	0.380	1.453	0.442

	Less Short term uses	0.561	4.877	1.570	0.732	0.728	0.545	1.717

	Surplus (+)/Shortfall(-)	(0.528)	(0.185)	(1.335)	(0.416)	(0.348)	0.909	(1.275)
		(0.001)	(0.001)	0.000	0.001	0.000	(0.001)	0.000

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

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLIONS)

Sr. No.	PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected

I	CURRENT ASSETS:
1	Raw material [Including Stores and other items used in the process of manufacturing]
	A. Imported	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	(Days consumption)

	B. Indigenous	0.000	0.402	0.402	0.402	0.442	0.482	0.482
	(Days consumption)		(21)	(21)	(21)	(21)	(21)	(21)

	C. Chemicals	0.000	0.000	0.000	0.000	0.000	0.000	0.000

2	Other Consumable Stores excluding those under item [1] above (% of total inventory and days consumption)	0.000	0.000	0.000	0.000	0.000	0.000	0.000


3	Stock in process	0.000	0.269	0.293	0.293	0.293	0.320	0.350
	(Days consumption)		(7)	(7)	(7)	(7)	(7)	(7)

4	Finished Goods	0.000	1.079	1.059	0.138	1.127	1.225	1.224
	(Days consumption)	0.000	(28)	(25)	(25)	(25)	(25)	(24)

5	Receivables other than export and deferred receivables [Including Bills purchased and discounts by Bankers]	0.336	3.463	3.773	3.773	4.119	4.496	4.527
	[Days domestic sales excluding deferred payment sales]	(115)	(82)	(82)	(80)	(79)	(79)	(77)

6	Export receivables [Including Bills Purchased and Discounted by Bankers]	0.000	0.000	0.000	0.000	0.000	0.000	0.000

7	Advances to Suppliers of Raw Material and Spare/ Stores Consumable	0.000	0.000	0.000	0.000	0.000	0.000	0.000

8	Other current assets including cash and bank balances and deferred receivables due within one year (Major items to be specified individually)	2.774	2.408	3.664	4.396	4.622	3.596	5.280

9	TOTAL CURRENT ASSETS (To agree with item 38 in Form IIIA)	3.110	7.620	9.190	9.902	10.630	10.149	11.865

II	CURRENT LIABILITES
	(Other than bank borrowings for working capital)
1	Creditors for purchase of raw material and stores and cons. Spares	0.362	0.419	0.396	0.396	0.438	0.478	0.475
	[Days Purchases]		(21)	(21)	(21)	(21)	(21)	(21)

2	Advance from Customers

3	Dividend payables	0.000	0.000	0.000	0.000	0.000	0.000	0.000

4	Statutory Liabilities	0.000	0.000	0.000	0.000	0.000	0.000	0.000

4	Other current liabilities [Major items to be specified individually]	0.000	1.769	2.027	2.322	2.660	3.048	3.492
	Short term borrowings	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	TOTAL CURRENT LIABILITIES (To agree with sub-total (8) Form IIIA)	0.362	2.188	2.423	2.718	3.098	3.526	3.967

III	Working capital gap (I-II)	2.748	5.432	6.767	7.183	7.532	6.623	7.898

IV	Actual/projected bank borrowings for working capital including bills purchased and discounted and expenses borrowing placed on repayment basis (to agree with sub-total(A) in form IIIA)	0.000	2.500	2.500	2.500	2.500	2.500	2.500

V	Total current liabilities (II+IV) (to agree with item 13 in form IIIA)	0.362	4.688	4.923	5.218	5.598	6.026	6.467

	Net working capital (I-V) (to agree with item 49 in form IIIA)	2.748	2.932	4.267	4.683	5.032	4.123	5.398

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

Sr. No	PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected

1	Total Current Assets	3.110	7.620	9.190	9.902	10.630	10.149	11.865

2	Other Current Liabilities	0.362	2.188	2.423	2.718	3.098	3.526	3.967

3	Working Capital Gap	2.748	5.432	6.767	7.183	7.532	6.623	7.898

4	Minimum stipulated net working Capital (25% of total current assets excluding export receivables)	0.777	1.905	1.838	1.980	2.126	2.030	2.373

5	Actual/projected net working capital	2.748	2.932	4.267	4.683	5.032	4.123	5.398

6	Item 3 minus item 4	1.970	3.527	4.929	5.203	5.406	4.593	5.525

7	Item 3 minus item 5	0.000	2.500	2.500	2.500	2.500	2.500	2.500

8	Maximum permissible bank finance (item 6 or 7 whichever is lower)	0.000	2.500	2.500	2.500	2.500	2.500	2.500

9	Excess borrowings, if any representing short fall in NWC	0.000	0.000	0.000	0.000	0.000	0.000	0.000

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

FINANCIAL RATIOS

(RS. IN MILLION)

Sr. No	PARTICULARS	2014-15 Estimated	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected	2020-21 Projected

	Net working capital/Total current assets	0.088	0.038	0.046	0.047	0.047	0.041	0.045

	Bank borrowing/TCA	0.000	0.033	0.027	0.025	0.024	0.025	0.021

	Sundry creditors/TCA	0.012	0.006	0.004	0.004	0.004	0.005	0.004

	GP/Net Sales	53.16%	23.53%	24.07%	27.03%	29.23%	30.76%	33.05%

	PAT/Net Sales	49.34%	1.32%	3.50%	2.23%	5.31%	10.22%	14.22%

	Interest/Net Sales	0.00%	15.29%	14.09%	12.33%	9.62%	7.09%	5.07%

	Interest Cover	0.00	2.91	2.84	3.24	4.03	5.48	7.65

	Cost of production/ Sales	0.047	0.084	0.076	0.073	0.071	0.070	0.067

	Cost of Sales/Sales	46.84%	76.47%	75.93%	72.97%	70.77%	69.24%	66.95%

	Raw material consumption/Cost of production	0.00%	53.80%	53.94%	55.12%	56.19%	56.73%	57.27%

	Debtors to sales	0.318	0.443	0.446	0.454	0.459	0.465	0.476

	Turn over to current assets	0.034	0.201	0.183	0.173	0.178	0.206	0.182

	NP to TNW	19.29%	3.72%	9.78%	5.96%	13.56%	22.37%	24.30%

	PBDIT	0.527	6.807	6.734	6.853	7.327	8.120	8.360

	Operating profit to sales	49.34%	7.85%	9.44%	13.89%	18.53%	22.19%	25.82%

	PBDIT to sales	49.34%	44.42%	39.99%	39.97%	38.73%	38.86%	38.80%

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NETWORTH STATEMENT

MRS. SHEFALI PANKAJ KOTADIA

(RS. IN MILLION)

BANK DETAILS

Bank

Branch

SB / CD Account No.

Present Balance

Last 6 Months

Union Bank

Borivali

355802010081413

83.818

5.000

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Nature of Property	Own/Joint	Area	Free hold or Lease hold	Location	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agricultural Land	--	--	--	--	--	--	--

Commercial	--	--	--	--	--	--	--
Residential	Joint (50%)	435 Sq.ft.	--	608, B, Vaishali Apartment, Near Om Shanti Circle, Devidas Lane, Borivali (West), Mumbai – 400103, Maharashtra, India	2.600	7.500 [50%=3.750]	Yeas, Bank of India with
Flat House	--	--	--	--	--	--	--
Agricultural Land	--	--	--	--
Others	--	--	--	--	---	--	--

Self-Occupied

TERM DEPOSITS

Term of deposits	Bank/Branch	Type	Amount and date of receipt	Maturity date	Maturity amount
Fixed Deposits	Union Bank of India	FD	100.000	28.03.2019	185.000

INVESTMENT IN GOVERNMENT SECURITIES

BONDS / PPF / NSC / KVP / IVP

Bond/ Certificate No.	Nature of securities	Date of purchase	Issuing office	Face value	Due date	Maturity Amount
NSC	--	--	--	--	--	210.575

JEWELLERY

Particulars	Quantity	Valuation	Details of ‘Stridhan’ if
Gold	250gms	0.900	250gms

Capital invest in business – name of the form / company Rs.2.207 Million

DETAILS OF LIABILITIES

RS. IN MILLION

BORROWER

Borrowed from

Purpose of loan

Amount of loan

Security

Repayment terms

Outstanding Balance

Housing loans

House

2.240

House

20 Years

2.000

Jointly with Pankaj

(50%)

1.000

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
					608/B, Vaishali Apartment, Devidas Lane Extn, Near Om Shanti Circle, Borivali (West) Mumba- 400103, Maharashtra, India
Pankaj Kotadia	Business	Husband	45	Married

Eshit Kotadia	Student	Son	16	Non-Married

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NETWORTH STATEMENT

MR. PANKAJ KOTADIA [GUARANTOR]

(RS. IN MILLION)

BANK DETAILS

Bank name	Branch	S/B / C/D, A/c no.	Present balance	Last 6 months Average Balance
Punjab National Bank	Mumbai	131700010096763

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Nature of Property	Own/Joint	Area	Free hold or Lease hold	Location	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agricultural Land	--	--	--	--	--	--	--

Commercial	--	--	--	--	--	--	--
Residential	Joint (50%)	435 Sq.ft.	--	608, B, Vaishali Apartment, Near Om Shanti Circle, Devidas Lane, Borivali (West), Mumbai – 400103, Maharashtra, India	2.600	7.500 [50%=3.750]	Yeas, Bank of India with
Flat House	--	--	--	--	--	--	-
Agricultural Land	--	--	--	--	--	--	--
Others	--	--	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICY

Name of company / Branch	Policy No.	Date of Issue	Sum Assured	Value	Annual premium	Premium paid upto what period
Insurance	--	---	--	--	3.236	--

DEBENTURE / MUTUAL FUND

Name of company	No. of Shares	Certificate No.,/ A/C No./, Demat A/C No.	Scheme	Whether full paid	Current market value
--	5000 [Rs.8 each]	---	--	--	40.000

TERM DEPOSITS

Term of deposits	Bank/Branch	Type	Amount and date of receipt	Maturity date	Maturity amount
--	--	---	--	--	229.891

VEHICLE

Type of Vehicle	Registration No.	Model	Year of make	Cost at time of purchase	RC books details	Present Value
Bike	MH.02 AT 2467	---	2006	45.000	--	30.000

JEWELLERY

Particulars	Quantity	Valuation	Details of ‘Stridhan’ if
Gold	350gms	0.450	--

Capital invested in business – name of the form / company Rs.6.961 Million

Other investments : Rs.0.655 Million

DETAILS OF LIABILITIES

RS. IN MILLION

BORROWER

Borrowed from	Purpose of loan	Amount of loan	Security	Repayment terms	Outstanding Balance
Unsecured Loan	Unsecured	3.403	--	Capital	3.403
Bank of India	Home Loan	2.000	--	Maturity	--
Bank of India	Cash Credit	1.300	--	Cash Credit	---

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
					608/B, Vaishali Apartment, Devidas Lane Extn, Near Om Shanti Circle, Borivali (West) Mumba- 400103, Maharashtra, India
Pankaj Kotadia	Business	Spouse	45	Married

Eshit Kotadia	Student	Son	16	Non-Married

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VALUATION REPORT

GENERAL INFORMATION:

1	Valuation report initiated by and addressed to:	The Senior Branch Manager, Bank of India, Park Branch, Ambawadi, Ahmedabad, Gujarat, India

1 a)	Purpose for which valuation made	To ascertain present Fair Market Value of residential Flat for Bank of India, Park Branch, Ambawadi, Ahmedabad, Gujarat, India

2	Date on which valuation made	23^rd April, 2015

3	Name of the owner / Seller / Purchaser	Owners: Mr. Pankaj Mithalal Kotadia Mrs. Shefali Pankaj Katodia

4	If the property is under joint ownership/share of each owner. Is the share undivided	Joint Ownership

5	Brief description of property	The subject property is a residential flat located at Flat No. 608, Sixth Floor, ‘B’ Wing, Vaishali Co-Operative Housing Society Limited, Devidas Lane, Off Eksar Road, Borivali (West), Mumbai located at nearly 1 to 2 Km from Borivali Railway Station. The Building is Stilt plus Seven Upper Floors having R.C.C Frame Structure with provided in Flat is 1 RK with 1 Hall/Living Room, Kitchen and Attachment Bath/WC.

6	Brief Description of property	Flat No. 608, Sixth Floor, B Wing, Vaishali Co-Operative Hosing Society Limited, Devidas Lane, Off Eksar Road, Borivali (West), Mumbai – 400103, Maharashtra, India Land Mark: Om Shanti Chowk/ Devidas Lane Boundaries: North: Open Space South: Devidas Lane East: Dutt Dham Building West: Ekvira Grand Building

7	Survey/Plot No. of land	C.T.S No. 2390 and 2395 of Village Eksar, Taluka Borivali in Mumbai Suburban District within limits of Brihanmumbai Municipal Corporation

8	Is the property situated in residential/commercial/ mixed/industrial area	Residential Area

9	Classification of locality-High class/middle class/poor class.	Middle Class

10	Proximity to civic amenities like schools, offices, hospitals, market, cinemas, Railways etc.	All basic amenities like schools, offices, hospitals, market cinemas, railways are available within 1 to 2 km.

11	Means and proximity to surface communication by which the locality is served.	Readily Available

12
	a) Is the property owner occupied tenant, or both	Owned occupied
	b) If partly occupied specify portion and extent of are under owner occupation	--

13	Name and Registration No. of Cooperative Hosing Society	Vaishali Co-Operative Hosing Society Limited (Regn. No. MUM/WR/HSG/TC/4228/88-89)

14	Share certificate No and Face values	Share certificate no 56 bearing no – 276 to 280 of Rs. 50/- each

TECHNICAL DETAILS FOR THE PREMISES

1	No of floors an height of each floor	Stilt plus Seven Upper Floors

2	Location and Plinth Area	Carpet Area (As per measurements): Flat : 336 Sq ft Builtup Area (As per sale agreement): Flat: 425 Sq ft Super Builtup Area of the flat: Flat : 470 Sq ft

3	Year of construction	Year 1986

4	Estimated future life	31 years subject to regular maintenance and repairs

5	Type of construction	R.C.C Frame Structure

6	Type of foundation	R.C.C Footing

7	WALLS
7	a) Ground Floor	9”-4 ½“ Partition walls
	b) Partitions	4 ½“ Partition walls

8	Door and Windows (Floor - wise)	Wooden, Doors and Aliminium Sliding Windows

9	Flooring (Floor - wise)	Ceramic tiles flooring

10	Finishing and Maintenance	Distemper paint finish

11	Roofing and terracing	R.C.C Slab roofing

12	Special architectural or decorative features	Not provided

13
	a) Internal writing – surface or conduit	Concealed wiring
	b) Class of fitting superior / ordinary / poor	Superior

14	a) Sanitary installations	Bath / W.C
14	b) Class of fittings superior colored/superior white/ordinary	Superior

15	Compound Wall	Provided

16	No of lifts and capacity	1 No’s Lift provided

17	Underground sump	Provided

18
	a) Capacity	Sufficient as per capacity
	b) Type of construction	R.C.C

19	Overhead Tank

	a) Where located	On Terrace
	b) Capacity	Sufficient as per capacity
	c) Type of construction	R.C.C

20	Pumps Nos and their horse power	2 No’s Pumps

21	Roads and paving’s within the compound	Chequered tiles paving’s

22	Sewage disposal/whether connected to public sewers. If septic tanks provided, no and capacity,	As per local norms

23	Regards to Aesthetics and environment.	Satisfactory

24	Safety considerations fires earthquakes, and tides	Not provided

PRESENT FAIR MARKET VALUATION

Valuation: Area x Rate= 470 Sq ft x Rs. 0.015 Million = Rs. 7.050 Million

Area	470 Sq ft
Rate adopted for valuation	Rs.0.015 Per Sq ft
Fair Market Value	Rs.7.050 million or Say Rs. 7.050 Million

Fair Market Value: Rs.7.050 million

Distress Sale Value: Rs. 6.345 Million

State Government Ready Reckoner Value: Rs. 3.754 Million

Insurance Value: Rs. 0.705 Million

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BACKGROUND OF THE FIRM / MANAGEMENT

M/s Super tools is newly incorporated firm “M/s. Super Tools” is a proprietary firm run by Mrs. Shefali Kotadia. Initially proprietor is engaged in the Job work business. After gaining the experience in the job work proprietor has decided to jump in to manufacturing business of manufacturing of Tungsten Carbide Cutting tools. In the year 2012-2013 the firm M/s. S.P Kotadia has achieved the sales of Rs.0.878 Million and the same is increase to Rs. 0.890 Million in the year 2013-2014 b doing job work business.

Mrs. Shefali Kotadia aged about 45 years. Mrs. Kotadia is commerce graduate as well as she has also completed 2^nd Stage in Chartered Accountancy Course. After completion of his academic career Mrs. Shefali has started doing job in the firm of Chartered Accountants. She had served in the firm for 3 to 4 year after the marriage Mrs. Kotadia has joined her husband business with name M/s. Helixindia which is a proprietary firm engaged in manufacturing of Tungsten Carbide Cutting tools. She is looking after admin department at initial stage of her job. gradually her interest has development in the manufacturing department and for 3 to 5 years she was looking after manufacturing department in M/s Helixindia.

After gaining an experience of five years in manufacturing unit Mrs. Kotadia has decided to commence her own manufacturing unit with name M/s. Super Tools. However at initial stage Mrs. Kotadia has not directly entered in to manufacturing process but she has started ding job work under the firm Name M/s. S P Kotadia from the year 2007. After doing three years of Job work business Mrs. Kotadia has decided to Jump in to the manufacturing process of Tungsten Carbide Cutting tools. Hence in the current year she has proposed to put up machinery for the same.

For the purpose firm has also inquire in the market for the proposed machinery and obtain the quotation form the leading suppliers.

MACHINERIES AND SUPPLIERS:

No	Name of Supplier	Machinery	Rs. In Million

1	Kennametal India Limited, Bangalore	WIDMA “ECOGRIND VX5”5	19.914
2	I J Sys	HX-78	1.683
		Stabilizer	0.1500
	Total		21.747

Moreover, firm has also proposed to install software from Switzerland which is not yet used in India and that will give edge over the competitor to firm.

Firm has planning to install this machinery by the end of this financial year 2013-2014. As per the policy of the supplier firm as to put an order for the machinery before three months for assembling the machinery according to requirements.

Hence, form estimated to complete the trail run by the end of April, 2015 and proposed to commence the commercial production from May 2015.

The raw material required for the purpose manufacturing unit is available from the market moreover the firm has also major following suppliers.

List of Suppliers:

M/c. Kennametal (India) Limited, Bangalore
M/c. Sandvik Asia Limited, Pune

In the current proposal, the company requests for term loan of Rs. 16.300 Million to part finance the cost of its machinery and electronic installation. And working capital loan of Rs. 2.500 Million.

The company’s installed capacity is 200 number of parts per day. The firm has estimated to utilize the 50% of its installed capacity in the year 2015-2016 and estimated the turnover of Rs. 14.042 Million and the same is increased o Rs. 15.300 Million in the year 2016-2017 with utilization 55% of its installed capacity. Firm has proposed to increase its utilization of installed capacity be 5% in consecutive future years. Looking to the market of the product and international standards used in manufacturing process its seems that firm can achieve its targeted sales easily.

The proprietor is already running the job work business since past eight year and that aid the firm to sales its products moreover proprietor has also established good contacts in the market . Following are the major customers of the firm.

List of customers

Gajjar Tools, Ahmedabad
Ajanta Industries, Ahmedabad
Shivam Precitech Private Limited. Vadodara
Shri Ambica Engineering, Ahmedabad
B R Engineering, Ahmedabad

The firm is established with the following vision

To be most preferred and significant supplier of its products and achieve sustained growth by:

Adopting Innovations
Focus on core competence
Products Integration Approach
Developing a lean and efficient organization
Launching innovative tools yet not available in India Market

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SWOT ANALYSIS

STRENGTHS

Proprietor is well experienced in the line of business moreover proprietor is also and technically qualified to run the unit successfully.

The manufacturing unit is set-up at Odhav which is a manufacturing hub that will give advantage to firm.

Increasing demand for the products.

WEAKNESS

Looking to the business of the firm seems there is no any weakness on part of firm except market demand.

OPPORTUNITIES

The firm is using international standards for production of different shapes of tools. Such technology has not been used in India yet. Hence it will give edge over competitor to the firm, so there will always be demand and it is easily saleable, therefore provides the firm with good opportunity to go for increased production.

THREATS

Change in Government Policy as regards Licensing, Taxation may affect the profitability of the company to some extent till the time the firm is able to pass on the equivalent increase effect.

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

No 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.64.19
UK Pound	1	Rs.100.58
Euro	1	Rs.72.08

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	KAR

Report Prepared by :	KVT / SNT / NKT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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

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

MIRA INFORM REPORT

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