MIRA INFORM REPORT
|
Report No. : |
336215 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUNDEV APPLIANCES LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 13, Ground Floor, Moti Nagar Co-Operative Housing Society
Limited, Roshan Nagar, Sodawala Lane, Borivali (West), Mumbai – 400092,
Maharashtra |
|
Tel. No.: |
91-22-29686600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 [Provisional] |
|
|
|
|
Date of
Incorporation : |
01.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-168286 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31908MH2007PLC168286 |
|
|
|
|
IEC No.: |
0311016189 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS9030P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of all kinds of Home and Kitchen Appliance, and
Electronics and Electric Equipments. |
|
|
|
|
No. of Employees
: |
138 (Approximately) [In Office 33 + In Branch 105] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company possesses a moderate financial profile marked by improving
networth base as a result of adequate profitability and infusion of funds
from the promoters. Moreover, the management has reported huge total outside liabilities
to tangible networth ratio, which may have a harsh impact on the liquidity
profile. External Borrowings of the company has increase as compared to
previous year. Management has reported a significant improvement in its revenue base
during FY 14. The rating also take into consideration, the company brand licensing
agreement with Swedish giant Electrolux for Branding, Marketing and
Distributing “Kelvinator” Brand in small domestic appliances. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of Pan India brand presence through organized retailers, the
subject can be considered for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Sivagami Sundari Devanand |
|
Designation : |
Director |
|
Contact No.: |
91-9323531456 |
|
Date : |
04.09.2015 |
LOCATIONS
|
Registered Office / Factory: |
Shop No. 13, Ground Floor, Moti Nagar Co-Operative Housing Society Limited,
Roshan Nagar, Sodawala Lane, Borivali (West), Mumbai – 400092, Maharashtra,
India |
|
Tel. No.: |
91-22-29686600 / 28912757 |
|
Mobile No.: |
91-9323531456 (Ms. Sivagami Sundari Devanand) |
|
Fax No.: |
91-22-28920895 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate Office / Branch Office 1 : |
Shop No. 7,8, Moti Nagar Co-operative Housing Society Limited, Roshan Nagar, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
|
|
|
Branch Office 2 : |
Plot No 2, Khasra No 30/14/1, Near Old Tops Achaar Factory, Matiala Extension, Uttam Nagar, New Delhi – 110059, India |
|
|
|
|
Branch Office 3 : |
117/A, Guldhar, Meerut Road, Ghaziabad, Uttar Pradesh, India |
|
|
|
|
Branch Office 4 : |
172, Anand Garden Bhejgera Road, Near Railway Station Sanatan Dharam
Mandir Wali Gali, Gurgaon – 122001, Haryana, India |
|
|
|
|
Branch Office 5 : |
No.37/5, Meanne Avenue Road, Opposite Lane to Lake Side Medical Hospital,
Bangalore – 560042, Karnataka, India |
|
|
|
|
Branch Office 6 : |
Plot No.23, Shobana Colony, Maruti Nursing Home Lane, West Marredpally, Secunderabad - 500026,
Telangana, India |
|
|
|
|
Branch Office 7 : |
48/11/8/19, Keteneni Vari Street, Currency Nagar, Ramavarappaud,
Vijayawada Krishna – 520008, Andhra Pradesh, India |
|
|
|
|
Branch Office 8 : |
No.299, 4th Main Road, Burma Colony, Perungudi, Chennai –
600096, Tamilnadu, India Old No.133, New No.86, 2nd Floor, Eldams Road, Teynampet,
Chennai – 600018, Tamilnadu, India |
|
|
|
|
Branch Office 9: |
DKN 280/281, Scheme No.74C, Vijay Nagar, Inodre – 452010, Madhya
Pradesh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Dhaval Jawarmal Chandan |
|
Designation : |
Director |
|
Address : |
14 Pycrofts Road IInd Street, Royapettah, Chennai - 600014, Tamilnadu, India |
|
Qualification : |
10th |
|
Date of Birth/Age : |
11.04.1965 |
|
Date of Appointment : |
27.09.2013 |
|
PAN No.: |
AADPC6801A |
|
DIN No.: |
00223314 |
|
|
|
|
Name : |
Balasubramanian Sukri |
|
Designation : |
Director |
|
Address : |
No.95,N.G.G.O. Colony, Main Road, Erode - 638009, Tamilnadu, India |
|
Date of Birth/Age : |
15.01.1949 |
|
Qualification : |
10th |
|
Date of Appointment : |
01.03.2007 |
|
PAN No.: |
AJJPB5008M |
|
DIN No.: |
00718389 |
|
|
|
|
Name : |
Sivagami Sundari Devanand |
|
Designation : |
Director |
|
Address : |
403, Jangid Tower, MTNL Road, Mira Road (East), Thane - 401107, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1972 |
|
Qualification : |
CA |
|
Date of Appointment : |
01.03.2007 |
|
PAN No.: |
AELPM8026R |
|
DIN No.: |
00719610 |
|
|
|
|
Name : |
Devanand Balasubramanian |
|
Designation : |
Director |
|
Address : |
1101, Jangid Tower, MTNL Road, Mira Road (East), Thane - 401107, Maharashtra, India |
|
Date of Birth/Age : |
09.11.1973 |
|
Qualification : |
LLB |
|
Date of Appointment : |
01.03.2007 |
|
PAN No.: |
AFGPD0264E |
|
DIN No.: |
00719658 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Devanand Balasubramanian |
|
396000 |
|
Sundari D. Sivagami |
|
1100500 |
|
Sukri A. Balasubramanian |
|
1500 |
|
Balasubramanian V Asanthakumari |
|
500 |
|
S. Murugesan Mudallar |
|
500 |
|
M. Kalavathi |
|
500 |
|
Balasubramanian Kavitha |
|
500 |
|
Dhaval J.Chandan |
|
375000 |
|
Rajesh Chandan |
|
375000 |
|
Pravin K. Chandan |
|
375000 |
|
Dilip Kumar Chandan |
|
375000 |
|
Total |
|
3000000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of all kinds of Home and Kitchen Appliance, and
Electronics and Electric Equipments. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
|
|
|
|
|
Agencies Held : |
Electrolux for “Kelvinator” Brand |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Others [Distributors and Super Stockiest ]
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No. of Employees : |
138 (Approximately) [In Office 33 + In Branch 105] |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
M.R. Sharma and Company Chartered Accountants |
|
Address : |
C/8, Poonam Darshan, Poonam Nagar, Mahakali Caves Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-28265309 / 28218117 |
|
Fax No.: |
91-22-28377189 |
|
E-Mail : |
|
|
Website: |
|
|
PAN No.: |
AAOPS4050N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
S. S. Enterprises Address: Shop No. 7, Moti Nagar Co-Operative housing Society Limited, Roshan Nagar, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India Sundev Marketing Address: Shop No. 8, Moti Nagar Co-Operative housing Society Limited, Roshan Nagar, Sodawala Lane, Borivali (West), Mumbai - 400092, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
[PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 [Provisional] |
|
|
|
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
53.618 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
83.618 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
156.745 |
|
|
2] Unsecured Loans |
|
|
30.718 |
|
|
TOTAL
BORROWING |
|
|
187.463 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
271.081 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.390 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.505 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
222.359 |
|
|
Sundry Debtors |
|
|
138.993 |
|
|
Cash & Bank Balances |
|
|
(13.005) |
|
|
Other Current Assets |
|
|
65.037 |
|
|
Loans & Advances |
|
|
36.394 |
|
Total Current Assets |
|
|
449.778 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.961 |
|
|
Other Current Liabilities |
|
|
95.019 |
|
|
Provisions |
|
|
22.612 |
|
Total Current Liabilities |
|
|
188.592 |
|
|
Net Current
Assets |
|
|
261.186 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
271.081 |
|
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.000 |
15.000 |
|
(b) Reserves &
Surplus |
|
41.402 |
12.381 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
35.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
71.402 |
62.381 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
173.832 |
12.039 |
|
(b) Deferred tax liabilities
(Net) |
|
0.174 |
0.121 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.135 |
0.120 |
|
Total Non-current
Liabilities (3) |
|
178.141 |
12.280 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
54.549 |
|
(b) Trade payables |
|
129.784 |
78.387 |
|
(c) Other current
liabilities |
|
33.336 |
13.621 |
|
(d) Short-term provisions |
|
7.079 |
6.370 |
|
Total Current Liabilities
(4) |
|
170.199 |
152.927 |
|
|
|
|
|
|
TOTAL |
|
419.742 |
227.588 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.029 |
2.089 |
|
(ii) Intangible Assets |
|
5.788 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.692 |
1.548 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.989 |
1.117 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
12.498 |
4.754 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
199.915 |
84.412 |
|
(c) Trade receivables |
|
134.541 |
65.983 |
|
(d) Cash and cash
equivalents |
|
37.022 |
5.637 |
|
(e) Short-term loans and
advances |
|
12.641 |
4.964 |
|
(f) Other current assets |
|
23.125 |
61.838 |
|
Total Current Assets |
|
407.244 |
222.834 |
|
|
|
|
|
|
TOTAL |
|
419.742 |
227.588 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 [Provisional] |
|
|
SALES |
|
|
|
|
|
Income |
|
|
752.695 |
|
|
Other Income |
|
|
9.116 |
|
|
TOTAL |
|
|
761.811 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
(22.445) |
|
|
Purchases of
Stock-in-Trade |
|
|
659.259 |
|
|
Direct expense |
|
|
19.194 |
|
|
Indirect expense |
|
|
88.219 |
|
|
TOTAL |
|
|
744.227 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
17.584 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.168 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
17.416 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
5.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
12.216 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
4.07 |
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
574.219 |
282.501 |
|
|
Other Income |
|
7.149 |
1.863 |
|
|
TOTAL |
|
581.368 |
284.364 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
607.273 |
259.502 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(115.503) |
(37.565) |
|
|
Employees benefits
expense |
|
22.233 |
12.845 |
|
|
Other expenses |
|
31.145 |
22.659 |
|
|
TOTAL |
|
545.148 |
257.441 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
36.220 |
26.923 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
19.931 |
13.562 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
16.289 |
13.361 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.228 |
0.123 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
16.061 |
13.238 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.285 |
4.673 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
10.776 |
8.565 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
3.59 |
5.71 |
CURRENT MATURITIES
OF LONG TERM BORROWINGS DETAILS
|
Particulars |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term borrowings |
NA |
9.165 |
6.427 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.62 |
1.88 |
3.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.34 |
6.31 |
9.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79 |
3.84 |
5.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.22 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.24 |
2.43 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38 |
2.39 |
1.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
282.501 |
574.219 |
752.695 |
|
|
|
103.263 |
31.082 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
282.501 |
574.219 |
752.695 |
|
Profit |
8.565 |
10.776 |
12.216 |
|
|
3.03% |
1.88% |
1.62% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOAN
|
PARTICULARS |
|
31.03.2015 [Provisional] |
|
|
(Rs. in Million) |
|
|
Car Junction |
|
1.600 |
|
Ashish Lalal |
|
0.100 |
|
Dhaval Jawaharmal Chandan - Loan |
|
9.000 |
|
Fargrow Finance and Investment Private Limited |
|
0.200 |
|
Fortune Finance |
|
0.450 |
|
HDFC Bank Loan |
|
1.333 |
|
KPM Finance Corporation Private Limited |
|
0.120 |
|
Ledder Stocks and Finance |
|
0.140 |
|
Maa Pahari Mercantiles Private Limited |
|
2.900 |
|
Max International |
|
0.350 |
|
Om Enterprises |
|
0.150 |
|
MI Life Marketing Private Limited |
|
1.000 |
|
Neoniche Finance and Investment Private Limited |
|
0.140 |
|
Pinky Shaikh Loans |
|
0.100 |
|
Religare Finvest Limited |
|
1.686 |
|
Richbond Finvest Services Private Limited |
|
1.649 |
|
S A Balasubramanian – loans |
|
2.000 |
|
Sandeep Vasant Vankar |
|
5.000 |
|
Sahej Enterprises |
|
0.500 |
|
S E Investment Limited |
|
1.300 |
|
Manoj Agarwal |
|
1.000 |
|
Total |
|
30.718 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF TOTAL INCOME
ASSESSMENT YEAR
2014-2015
(RS. IN MILLION)
|
Particulars |
2014-2015 |
||
|
INCOME FROM BUSINESS OR PROFESSION |
|
|
|
|
|
|
|
|
|
Net profit as per Profit and Loss Account |
|
16.061 |
|
|
Add: Depreciation as per Books |
|
0.228 |
|
|
|
|
16.289 |
|
|
|
|
|
|
|
Less : NON BUSINESS INCOME |
|
|
|
|
Interest on Fixed Deposits |
|
0.144 |
|
|
Dividend received on shares |
|
0.016 |
|
|
Less : Depreciation u/s 32 of IT Act, 1961 |
|
0.399 |
|
|
|
|
15.730 |
|
|
|
|
|
|
|
Disallowed u/s 37 |
|
|
|
|
Add: Penalty and Fine |
0.097 |
|
|
|
Add: Interest on Statutory Liabilities |
0.154 |
0.251 |
15.981 |
|
|
|
|
|
|
INCOME FROM OTHER SOURCES |
|
|
|
|
Interest on F.D |
|
0.144 |
|
|
|
|
|
|
|
Dividend Received |
0.016 |
|
|
|
Less : Exempt u/s 10(34) |
0.016 |
-- |
0.144 |
|
|
|
|
|
|
GROSS TOTAL INCOME |
|
|
16.125 |
|
|
|
|
|
|
Less : Deduction u/s 80G |
-- |
-- |
|
|
|
|
|
|
|
NET TOTAL INCOME |
|
|
16.125 |
|
|
|
|
|
|
ROUNDED OFF |
|
|
16.125 |
|
|
|
|
|
|
Tax on Rs.16.125 Million |
4.837 |
|
|
|
Add: Surcharges @5% |
0.242 |
|
|
|
|
5.079 |
|
|
|
Add: Education Cess@2% |
0.102 |
|
|
|
Add: SHEC @1% |
0.051 |
|
|
|
|
5.232 |
|
|
|
Less : Advance tax |
0.075 |
|
|
|
Less: TDS |
0.002 |
|
|
|
|
5.155 |
|
|
|
|
|
|
|
|
Add: Interest u/s 234B 0.309 |
|
|
|
|
Add: Interest u/s 234C
0.129 |
0.438 |
|
|
|
|
5.593 |
|
|
|
S. A. TAX PAYABLE / REFUND DUE |
|
|
5.593 |
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY
PROJECTIONS
(RS. IN MILLION)
|
PARTICULARS |
2015-2016 |
2016-2017 |
2017-2018 |
|
Net Turnover |
1220.000 |
1800.000 |
2400.000 |
|
|
|
|
|
|
Gross Profit |
204.960 |
315.000 |
436.800 |
|
|
|
|
|
|
Gross Margin (%) |
16.80% |
17.50% |
18.20% |
|
|
|
|
|
|
Operating Expenses |
39.040 |
64.800 |
70.200 |
|
|
|
|
|
|
Admin Expenses |
70.150 |
76.500 |
111.600 |
|
|
|
|
|
|
EBITDA |
106.750 |
171.000 |
256.800 |
|
|
|
|
|
|
EBITDA Margin (%) |
8.75% |
8.50% |
10.70% |
|
|
|
|
|
|
Depreciation |
17.000 |
17.000 |
17.000 |
|
|
|
|
|
|
Finance Cost |
39.650 |
58.500 |
76.800 |
|
|
|
|
|
|
Net Profit Before Tax |
50.100 |
95.500 |
163.000 |
|
|
|
|
|
|
Net Profit After Tax |
32.565 |
62.075 |
105.950 |
|
|
|
|
|
|
Net Margin (%) |
2.67% |
3.45% |
4.41% |
------------------------------------------------------------------------------------------------------------------------------
SEGMENT
WISE PROFITABILITY PROJECTIONS
(RS. IN MILLION)
|
PARTICULARS |
OWN BRANDS |
DISTRIBUTION |
SERVICEMAN |
OTHER |
TOTAL |
|
Net Sales |
|
|
|
|
|
|
2015-2016 |
200.000 |
650.000 |
120.000 |
240.000 |
1210.000 |
|
2016-2017 |
340.000 |
950.000 |
210.000 |
300.000 |
1800.000 |
|
|
|
|
|
|
|
|
Gross Profit |
|
|
|
|
|
|
2015-2016 |
30.000 |
143.000 |
30.000 |
24.000 |
227.000 |
|
2016-2017 |
51.000 |
209.000 |
52.500 |
30.000 |
342.500 |
|
|
|
|
|
|
|
|
EBITDA |
|
|
|
|
|
|
2015-2016 |
16.200 |
59.800 |
19.300 |
17.800 |
113.100 |
|
2016-2017 |
27.500 |
87.400 |
33.800 |
22.200 |
170.900 |
|
|
|
|
|
|
|
|
Net Profit |
|
|
|
|
|
|
-2015-2016 |
8.000 |
26.000 |
6.000 |
9.400 |
49.400 |
|
-2016-2017 |
13.600 |
38.000 |
10.500 |
11.700 |
73.800 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENTS
SIVAGAMI SUNDARI DEVANAND
AS ON 31.03.2014
(RS. IN MILLION)
|
Liabilities |
Amount |
Assets |
Amount |
|
Loans |
4.137 |
Immovable properties |
29.250 |
|
|
|
Investments in Sundev Appliances Limited |
11.000 |
|
|
|
Investments – Share and Debentures |
0.950 |
|
|
|
LIC and Others |
0.875 |
|
|
|
Jewellery |
0.600 |
|
Total [A] |
4.137 |
Total [B] |
42.675 |
|
|
|
|
|
|
NETWORTH [B – A] |
38.538 |
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENTS
DEVANAND BALASUBRAMANIAN
AS ON 31.03.2014
(RS. IN MILLION)
|
Liabilities |
Amount |
Assets |
Amount |
|
Loans |
4.471 |
Immovable properties |
32.250 |
|
|
|
Investments in Sundev Appliances Limited – |
3.960 |
|
|
|
Sundev Marketing |
7.715 |
|
|
|
Vehicles |
0.600 |
|
|
|
LIC and Others |
0.525 |
|
|
|
Jewellery |
0.200 |
|
Total [A] |
4.471 |
Total [B] |
45.250 |
|
|
|
|
|
|
NETWORTH [B – A] |
40.779 |
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENTS
DHAVAL JAWARMAL CHANDAN
AS ON 31.03.2014
(RS. IN MILLION)
DETAILS OF ASSETS
DETAILS OF IMMOVABLE PROPERTIES OWNED
|
Type of Immovable Properties |
Location with full address |
Whether Freehold or Leased |
Market Value |
Liability, if any on Immovable Properties |
Names of Lenders |
|
Flat |
10, Millers Road, Kilpauk, Chennai, Tamilnadu, India |
Free Hold |
10.000 |
Nil |
Nil |
|
Flat |
1101, 10thFloor, Ankush Apartment, Khethwadi, Mumbai, Maharashtra, India |
Free Hold |
15.000 |
Nil |
Nil |
|
Flat |
2005, 20 Sidharth Dharshan, Mumbai, Maharashtra, India |
Free Hold |
12.500 |
Nil |
Nil |
DETAILS OF SHARES, DEBENTURES BONDS, DEPOSITS
|
Name of the company |
Quantity of Shares / Debentures / Bonds
etc held |
Market Value |
Liability, if any on investment |
Names of Lenders |
|
Shares and Share Application Money |
-- |
39.430 |
Nil |
Nil |
|
Deposits |
-- |
0.518 |
Nil |
Nil |
DETAILS OF JEWELLERY OWNED
|
Type of article |
Net weight |
Market Value |
Liability, if any on the jewellery |
Names of Lenders |
|
Gold ornaments, Gold Bullion, Silver, Diamond Jewellery |
1500 Gms |
3.776 |
Nil |
Nil |
DETAILS OF DEBTORS
|
Name of Debtors and Lenders |
Amount |
Present Outstanding |
Security offered |
|
Debtors |
311.164 |
311.164 |
Unsecured |
DETAILS OF LIABILITIES
DETAILS OF CREDITORS
|
Name of Creditors and Lenders |
Amount |
Present Outstanding |
Security offered |
|
Creditors |
60.995 |
60.995 |
Unsecured |
ANNUAL INCOME:
RS.9.407 MILLION
SUMMERY
|
Assets |
Amount |
Liabilities |
Amount |
|
Immovable Properties |
37.500 |
Creditors |
60.995 |
|
Shares, Debentures and Bonds, Deposits |
39.948 |
Loans |
0.000 |
|
LIC and Others |
0.000 |
Others |
0.000 |
|
Jewellery |
3.776 |
|
|
|
Vehicls |
0.000 |
|
|
|
Debtors |
311.164 |
|
|
|
|
|
|
|
|
Total [A] |
392.388 |
Total [B] |
60.995 |
|
|
|
|
|
|
NETWORTH [A - B] |
331.393 |
|
|
|
|
|
|
|
|
Net Annual Income :
Rs.9.407 Million |
|||
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
VALUATION OF PROPERTY (LAND AND BUILDING)
|
I. GENERAL |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Date |
09.02.2015 |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Purpose for which the valuation is made |
To estimate fair market value of property |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name of the reported owners and his / her address |
V. R. L. A. Manufacturing Company Address : Village Bhatali, P O Barotiwala, Tehsil Baddi, District Solan, Himachal Pradesh |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
II. DESCRIPTION OF
THE PROPERTY |
Industrial Land at Village Bhatali, P O Barotiwala, Tehsil Baddi, District Solan, Himachal Pradesh |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
III. PROCEDURE OF
VALUATION |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Value on adopting GLR
(Guideline Rate) |
|||||||||||||||||||||||||||||||
|
Guide line rate as obtained from registrar’s office |
Rs.4125000.000 per Bigha Approximately |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Value of land adopting GLR |
Rs.94.256 Million |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Value by adopting
PMR (Prevailing Market Value ) |
|||||||||||||||||||||||||||||||
|
Total Area of the Plot |
22.85 Bigha |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Prevailing Market Value |
Rs.1.800 Million to Rs.2.100 Million per Bigha |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Unit rate adopted in this valuation after considering the characteristics of the subject plot |
Rs.2.050 Million per Bigha |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Estimated value of
the land adopting PMR |
Rs. 46.843 Million |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
BUILDING
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Amenities and Extra Items (Value After
Depreciation) Total : 0.000 |
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Services (Value After Depreciation) Total : 0.000 |
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
VALUATION DETAILS
|
|||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
VALUATION OF SHOP BY COMPOSITE RATE METHOD (EXISTING SHOP)
|
Reference No.: |
03/MDC 14-220 / VBS |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
GENERAL |
|
||||||||||||||||||||
|
Purpose of valuation |
To ascertain the Fair Market Value as on date of Property for Mortgage Loan Proposal with Canara Bank, Branch – Sakinaka, Mumbai |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Date of valuation |
19.12.2014 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Party interested in valuation |
Valuation Initiated by The Branch Manager, Canara Bank,
Branch – Sakinaka, Mumbai |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name of the owners and address |
The property is purchased by Mr. Kunal Dhaval Chandan |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Rate |
Rs.9000 to Rs.12000 /- per sq.ft. |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Break up for the above rate |
Rs.11000 Sq.ft. |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Fair Market Value as on date |
Rs.6.100 Million |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Valuation details
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Forced / Distress Sales Value as on date |
=Fair Market Value as on date * 0.80 =Rs.6.100 Million * 0.80 =Rs.4.88 Million |
||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
VALUATION OF IMMOVEABLE PROPERTY: BUILDINGS VALUATION
|
Ref. No. |
YPCVL/11653/Indian/2014-15 |
|
|
|
|
Branch |
Indian Bank, Borivali (West) |
|
|
|
|
Customer |
Mrs. Sivagami Sundari Devanand and Mr. Devanand Balasubramanian |
|
|
|
|
Panel Engineer |
Yardi Prabhu Consultants and Valuers Private Limited |
|
|
|
|
Date of Inspection |
11.12.2014 |
|
|
|
|
Flat Owners Name |
Purchasers : Mrs. Sivagami Sundari Devanand and Mr. Devanand Balasubramanian Seller : Mrs. Milinda Chandu Shah |
|
|
|
|
Address |
Flat No.303, 3rd Floor, B Wing, “Sea Mist” Charkop Shree Gajanan Co-Operative Housing Society Limited |
|
|
|
|
Local / Market rate
prevailing at the time of valuation |
Prevalent Market
Rate : Rs.10000/- to Rs.13000/- per Sq.ft. Rate adopted for
valuation: Rs.11000 per Sq.ft. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Ref. No.: |
01/MDC14-096/PVA |
|
|
|
|
Date |
09.12.2014 |
|
|
|
|
Party interested in valuation |
Valuation initiated by The Branch Manager, India Factoring and Finance Solutions Private Limited Bandra (East), Mumbai – 400051 |
|
|
|
|
Name of the owner |
The property is owned by Mr. Dhaval Jawarmal Chandan |
|
|
|
|
Purpose of valuation |
To ascertain the Fair Market Value as on date of property for Mortgage Loan Proposal with India Factoring and Finance Solutions Private Limited, Bandra (East), Mumbai – 400051 |
|
|
|
|
Location of the property |
Commercial Warehouse No.D-04, Ground Floor, Balaji Plaza Building, Survey No.37/1,2,38,39/2A,39/2B,39/1 of Village Usatane, Near Ustane ST Stop and Bombay-Aasam Transport Company, Ustane -Kalyan Road, Taluka Ambernath, District Thane |
|
|
|
|
Fair Market Value of premises |
Super Built up Area of the Gala = 1734 Sq.ft. Market Rate Adopted = Rs.2800/- per sq.ft. Hence, Fair Market Value of premises as on date = Super Built up Area * Market Rate Adopted =1734 Sq.ft. * Rs.2800/- per sq.ft. =Rs.4.855 Million Say~ Rs.4.855 Million |
|
|
|
|
Fair Market Value as on date |
Rs.4.855 Million |
|
|
|
|
Forced / Distress Sales Value as on date |
Hence, Forced / Distress Sales Value as on date =Fair Market Value as on date*0.80 = Rs.4.855 Million*0.80 =Rs.3.884 Million |
|
|
|
|
Replacement cost of construction |
Super Built up Area of the Gala = 1734 Sq.ft. Replacement Rate is of Rs.1300/- per Sq.ft. adopted Hence, Replacement Cost for insurance purpose = Super Built up Area* Replacement Rate =1734 Sq.ft.* Rs.1300/- per Sq.ft =Rs.2.254 Million Say~Rs.2.254 Million |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Ref. No.: |
01/MDC14-097/PVA |
|
|
|
|
Inspected the property below on |
09.12.2014 |
|
|
|
|
Party interested in valuation |
Valuation initiated by The Branch Manager, India Factoring and Finance Solutions Private Limited Bandra (East), Mumbai – 400051 |
|
|
|
|
Name of the owner |
The property is owned by Mr. Dhaval Jawarmal Chandan |
|
|
|
|
Purpose of valuation |
To ascertain the Fair Market Value as on date of property for Mortgage Loan Proposal with India Factoring and Finance Solutions Private Limited, Bandra (East), Mumbai – 400051 |
|
|
|
|
Location of the property |
Commercial Warehouse No.D-05, Ground Floor, Balaji Plaza Building, Survey No.37/1,2,38,39/2A,39/2B,39/1 of Village Usatane, Near Ustane ST Stop and Bombay-Aasam Transport Company, Ustane -Kalyan Road, Taluka Ambernath, District Thane |
|
|
|
|
Fair Market Value of premises |
Super Built up Area of the Gala = 1684 Sq.ft. Market Rate Adopted = Rs.2800/- per sq.ft. Hence, Fair Market Value of premises as on date = Super Built up Area * Market Rate Adopted =1684 Sq.ft. * Rs.2800/- per sq.ft. =Rs.4.715 Million Say~ Rs.4.715 Million |
|
|
|
|
Fair Market Value as on date |
Rs.4.715 Million |
|
|
|
|
Forced / Distress Sales Value as on date |
Hence, Forced / Distress Sales Value as on date =Fair Market Value as on date*0.80 =Rs.4.715 Million*0.80 =Rs.3.772 Million |
|
|
|
|
Replacement cost of construction |
Super Built up Area of the Gala = 1684 Sq.ft. Replacement Rate is of Rs.1300/- per Sq.ft. adopted Hence, Replacement Cost for insurance purpose = Super Built up Area* Replacement Rate =1684 Sq.ft.* Rs.1300/- per Sq.ft =Rs.2.189 Million Say~Rs.2.189 Million |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Ref. No.: |
01/MDC14-098/PVA |
|
|
|
|
Date |
09.12.2014 |
|
|
|
|
Party interested in valuation |
Valuation initiated by The Branch Manager, India Factoring and Finance Solutions Private Limited Bandra (East), Mumbai – 400051 |
|
|
|
|
Name of the owner |
The property is owned by Mr. Dhaval Jawarmal Chandan |
|
|
|
|
Purpose of valuation |
To ascertain the Fair Market Value as on date of property for Mortgage Loan Proposal with India Factoring and Finance Solutions Private Limited, Bandra (East), Mumbai – 400051 |
|
|
|
|
Location of the property |
Commercial Warehouse No.D-06, Ground Floor, Balaji Plaza Building, Survey No.37/1,2,38,39/2A,39/2B,39/1 of Village Usatane, Near Ustane ST Stop and Bombay-Aasam Transport Company, Ustane -Kalyan Road, Taluka Ambernath, District Thane |
|
|
|
|
Fair Market Value of premises |
Super Built up Area of the Gala = 1693 Sq.ft. Market Rate Adopted = Rs.2800/- per sq.ft. Hence, Fair Market Value of premises as on date = Super Built up Area * Market Rate Adopted =1693 Sq.ft. * Rs.2800/- per sq.ft. =Rs.4.740 Million Say~ Rs.4.740 Million |
|
|
|
|
Fair Market Value as on date |
Rs.4.740 Million |
|
|
|
|
Forced / Distress Sales Value as on date |
Hence, Forced / Distress Sales Value as on date =Fair Market Value as on date*0.80 =Rs.4.740 Million*0.80 =Rs.3.792 Million |
|
|
|
|
Replacement cost of construction |
Super Built up Area of the Gala = 1693 Sq.ft. Replacement Rate is of Rs.1300/- per Sq.ft. adopted Hence, Replacement Cost for insurance purpose = Super Built up Area* Replacement Rate =1693 Sq.ft.* Rs.1300/- per Sq.ft =Rs.2.200 Million Say~Rs.2.200 Million |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Ref. No.: |
01/MDC14-099/PVA |
|
|
|
|
Inspected the property below on |
09.12.2014 |
|
|
|
|
Party interested in valuation |
Valuation initiated by The Branch Manager, India Factoring and Finance Solutions Private Limited Bandra (East), Mumbai – 400051 |
|
|
|
|
Name of the owner |
The property is owned by Mr. Dhaval Jawarmal Chandan |
|
|
|
|
Purpose of valuation |
To ascertain the Fair Market Value as on date of property for Mortgage Loan Proposal with India Factoring and Finance Solutions Private Limited, Bandra (East), Mumbai – 400051 |
|
|
|
|
Location of the property |
Commercial Warehouse No.D-07, Ground Floor, Balaji Plaza Building, Survey No.37/1,2,38,39/2A,39/2B,39/1 of Village Usatane, Near Ustane ST Stop and Bombay-Aasam Transport Company, Ustane -Kalyan Road, Taluka Ambernath, District Thane |
|
|
|
|
Fair Market Value of premises |
Super Built up Area of the Gala = 1725 Sq.ft. Market Rate Adopted = Rs.2800/- per sq.ft. Hence, Fair Market Value of premises as on date = Super Built up Area * Market Rate Adopted =1725 Sq.ft. * Rs.2800/- per sq.ft. =Rs.4.830 Million Say~ Rs.4.830 Million |
|
|
|
|
Fair Market Value as on date |
Rs.4.830 Million |
|
|
|
|
Forced / Distress Sales Value as on date |
Hence, Forced / Distress Sales Value as on date =Fair Market Value as on date*0.80 = Rs.4.830 Million*0.80 =Rs.3.864 Million |
|
|
|
|
Replacement cost of construction |
Super Built up Area of the Gala = 1725 Sq.ft. Replacement Rate is of Rs.1300/- per Sq.ft. adopted Hence, Replacement Cost for insurance purpose = Super Built up Area* Replacement Rate =1725 Sq.ft.* Rs.1300/- per Sq.ft =Rs.2.243 Million Say~Rs.2.243 Million |
------------------------------------------------------------------------------------------------------------------------------
COMPANY
PROFILE
Sundev Appliances Limited is a Pan India Marketing, Distribution and Services Company dealing in Small Electric Appliances (Brown Goods).
Present in 22 States complete with VAT registration, Branch offices, Manpower.
50000 Sq.ft. warehousing facility owned and under license across India.
Tied up with Nationwide Modern Retails throughout the country. Products are sold across 300 modern stores nationwide.
120 plus Distributors distributing products across 3000 Retailers.
80 plus Sales Team with combined experience of 1000 Years in Sales.
License holder of KELVINATOR Brand for Small Domestic Appliances in Indian Subcontinent.
Brand Owners of DESIRE and WONDERKIT which specializes in Small Domestic Appliances and Electricals.
SERVICEMAN – Independent Division with network to cover more than 5000 pincode’s across India, expertise in providing “After Sales Services” of all kinds of Appliances, Electrical and Electronics across all brands and makes.
------------------------------------------------------------------------------------------------------------------------------
EVOLUTION OVER
THE PERIOD
|
Period |
Explanation |
|
|
|
|
2005 |
Started as Proprietary Firm – Sundev Marketing for marketing Health Drinks and Cosmetics |
|
|
|
|
2006 |
Launched Appliances Brands Wonderkit to Sell appliances like Induction Cooktop, Rice Cookers, etc. |
|
|
|
|
2007 |
Started “SERVICEMAN” as a division of Sundev Appliances Limited to offer countrywide network of Electrical and Electronic Appliances service centers |
|
|
|
|
2008 |
Started “INNOVATIVE ZONE” A shop in shop format inside Modern Retailing outlets promoting latest Innovative products and also became OEM supplier of Household Appliances for Brands like Great etc. |
|
|
|
|
2009 |
Launched “DESIRE” Brand with entire range of Household small Appliances |
|
|
|
|
2010 |
· Entered Export Market, Expanded OEM business to regional brands like Khaitan, Anjali, Eagle, Jaipan etc. · Launched Channel distribution business |
|
|
|
|
2012 |
Started a Lifestyle Showroom in the name “LIFESTYLE @ DESIRE” which is also Brand showroom of Desire |
|
|
|
|
2013 |
Entered into Strategic Alliance with VRLA Manufacturing Company – a Baddi based, Excise free Zone, Appliances Manufacturing Company. Also entered in to Brand Licensing Agreement with Electrolux Inc, USE to Market, Distributes and Sell “KELVINATOR” Brand of Small Domestic Appliances across India |
------------------------------------------------------------------------------------------------------------------------------
LEADERSHIP
DEVANAND
BALASUBRAMANIAN
Director – Strategy,
Purchase, Marketing and Sales
- More than 23 years in Sales and Marketing.
- Qualified professional with technical background.
- Started career in sales with an Educational Institution – Adjudged best counsellor in 1995.
- Has worked in Education / IT Products and Peripherals Distribution / Appliances and Electronics – Product Design, Manufacturing and Marketing.
- First in Industry to initiate indigenous manufacturing of Induction cooker and Emergency Light in 2007.
- Awarded Best wholesaler of the year 2012 at SME Congress.
- Awarded STAR SME by business Today under Small Trading of the Year 2013.
SIVAGAMI SUNDARI
Director - Accounts
and Admin
- 18+Years’ experience as qualified Chartered Accountant and CPA Inter.
- Worked in Manufacturing and Trading Companies and handled pan India Operations.
- Has a rich experience in Finance and Taxation.
------------------------------------------------------------------------------------------------------------------------------
MARKETING
AND SALES TEAM
CEO – Pramod Khosla: More than 30 Years’ experience in Small Domestic Appliances. Worked for brands such as Philips, Kenstar, Onida, Bajaj in various Positions as Regional Head – Sales to G.M.
COO – Marketing and Product Development – Vinay Kulkarni: More than 25 years’ experience in Audio and Small Domestic Appliances, worked for brands such as Philips, Kenstar, Onida, Bajaj in various Positions - Regional Head to Product Head.
Senior Vice President – Mr. K. B. Shinde: 24 years’ experience in Sales and Marketing Brands like SEB Groupe, Bajaj, Crompton, Usha and Maharaja. His major stint of 14 years has been with Bajaj Electricals where he has successfully headed various sales as well as Marketing functions including Modern Retail and Institutional business. He is a graduate in Economics with Post Graduate Diploma in Marketing Management.
V.P. – Alternate Channel – Mr. Saavinay Guptha: More than 25 years’ experience in Consumer Durables and Small Domestic Appliances, with brands like Whirlpool, Sanyo, Panasonic, Singer etc. Headed Regional Sales and National Head for Alternate Channel. Strong experience in Alternate Channel, Modern Trade.
80 plus Sales Team comprising of General Managers, Regional Manager, Area Sales Managers, Sales Officers, Territory sales executives with 100000 hours of Field Sales experience.
------------------------------------------------------------------------------------------------------------------------------
AWARDS AND ACCOLADES
- Awarded Best Entrepreneur in 2007 by SAHARA PRATHISTAN
- Awarded best Wholesaler of the year for 2012 by SBI and Franchisee India at SME Congress.
- Accoladed by Economic Times – in the Wealth Edition with Full Page coverage
- Awarded STAR SME for 2013 under Small Trading for 2013 by BUSINESS today and Yes Bank
------------------------------------------------------------------------------------------------------------------------------
CORPORATE
INFORMATION
BACKGROUND AND NATURE
OF OPERATIONS
The company was incorporated on March 1st 2007. The primary objective for the formation of the Company is to trade in all kinds of Home and Kitchen Appliances, and Electronics and Electric Equipments.
The company is a renowned Importer, Supplier, Wholesalers, Distributors, Trader and Merchant Exporter in above mentioned products.
Sundev is the authorized exclusive countrywide distributor of ‘Wonderkit’, ‘Desire’, ‘Digital Life’, ‘Calve’, ‘Menage’ and ‘Austin’ brand of products.
------------------------------------------------------------------------------------------------------------------------------
SHIFTED
NOTE
Registered office has been shifted from the
107/11, RDP-1, Gorai-Charkop Link Road, Gorai, Borivali – West, Mumbai –
400092, Maharashtra, India to the present address w.e.f. 15.01.2014.
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10521012 |
05/09/2014 |
2,000,000.00 |
S. E. INVESTMENTS LIMITED |
S-547IIND FLOOR MAIN ROAD, SHAKAR PUR, NEW DELHI, |
C21549191 |
|
2 |
10451414 |
30/06/2015 * |
160,000,000.00 |
AXIS BANK LIMITED |
MCMC ANDHERI, SHOP NO. 5-8, AMBIKA TOWER CHS LTD., |
C58701400 |
* Date of charge modification
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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
------ |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.