|
|
|
MIRA INFORM REPORT
|
Report No. : |
500036 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAMA WATERCOATS INDUSTRIES LLP |
|
|
|
|
Registered
Office : |
D/271, 3rd Floor, Sumel Business Park II, Near
Vanijyabhavan, Kankaria, Ahmedabad-380022, Gujarat |
|
Tel. No.: |
91-79-25450555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2017 (Provisional) |
|
|
|
|
Date of
Incorporation : |
07.03.2017 |
|
|
|
|
Total Obligation
of Contribution : |
INR 18.728 Million |
|
|
|
|
LLPIN : |
AAI-7596 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAVFR8963N |
|
|
|
|
Legal Form : |
Limited Liability Partnership Firm |
|
|
|
|
Line of Business
: |
·
Manufacturer of HDPE Lamination (Water Proofing Plastic-Tarpaulin),
Agro Shade Net, etc. [Confirmed by Management] · Manufacturer, Exporter, Wholesaler and Retailer of Tarpaulin. [Registered Activity] |
|
|
|
|
No. of Employees
: |
90 (Approximately) [In Office: 05 and In Factory: 85] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 13.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Nitinbhai |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9510353009 |
|
Date : |
11.04.2018 |
LOCATIONS
|
Registered Office : |
D/271, 3rd Floor, Sumel Business Park II, Near
Vanijyabhavan, Kankaria, Ahmedabad-380022, Gujarat, India |
|
Tel. No.: |
91-79-25450555 |
|
Mobile No.: |
91-9376628193 [Mr. Ghanshyam Das Rathi] 91-9510353009 [Mr. Nitinbhai] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
555 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
30, Devraj Industrial Park, Piplaj Pirana, Ahmedabad-382405, Gujarat,
India |
|
Tel. No.: |
91-79-25450555 |
|
Area : |
43806 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Industrial |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Ghanshyam Das Rathi |
|
Designation : |
Body Corporate DP Nominee |
|
Address : |
B-403, Sahaj Residency, Near Karnavati Shopping Mall, Vastral, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
05.08.1981 |
|
Qualification : |
12th Pass |
|
Experience : |
10 Years |
|
Date of Appointment : |
07.03.2017 |
|
PAN No.: |
AHGPR4561A |
|
Aadhar Card No: |
938715138155 |
|
DPIN No.: |
07579396 |
|
|
|
|
Name : |
Mr. Shree Niwas Rathi |
|
Designation : |
Body Corporate DP Nominee |
|
Address : |
B-403, Sahaj Residency, Near Karnavati Shopping Mall, Vastral, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
25.10.1992 |
|
Qualification : |
Graduate |
|
Experience : |
5 Years |
|
Date of Appointment : |
07.03.2017 |
|
PAN No.: |
BDOPR1249E |
|
Aadhar Card No: |
859834778828 |
|
DPIN No.: |
07709731 |
KEY EXECUTIVES
|
Name : |
Mr. Nitinbhai |
|
Designation : |
Finance Head |
CONTRIBUTION DETAILS
|
Names of Persons |
INR in Million |
|
Rathi Polytech LLP |
0.050 |
|
Shree Rathi Tarpaulin LLP |
0.050 |
|
|
|
|
Total |
0.100 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer of HDPE Lamination (Water Proofing Plastic-Tarpaulin),
Agro Shade Net, etc. [Confirmed by Management] · Manufacturer, Exporter, Wholesaler and Retailer of Tarpaulin. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [60 Days] |
|
|
|
|
Purchasing : |
Credit [45 Days] |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
|
Manufacturing of HDPE Lamination (water proofing plastic- Tarpaulin),
Agro Shade Net |
450 tonn per
month |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
90 (Approximately) [In Office: 05 and In Factory: 85] |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
· Shree Sales Corporation Address: D-271, 3rd
Floor, Sumel Business Park-2, Bh Vanijya Bhavan, Kankaria Road,
Ahmedabad-380022, Gujarat, India Line of
Business: Trading of HDPE Lamination (Tarpaulin) |
CAPITAL STRUCTURE
|
Particular |
INR in Million |
|
|
|
|
Total Obligation of
Contribution: |
INR 0.100 Million |
CAPITAL
ACCOUNT AS ON 31.12.2017 [PROVISIONAL]
|
Particulars |
Amount |
|
Rathi Polytech LLP |
9.228 |
|
Shree Rathi Tarpaulin LLP |
9.500 |
|
|
----------- |
|
Total |
18.728 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
|
18.728 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
0.794 |
|
|
NETWORTH |
|
|
19.522 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
8.702 |
|
|
TOTAL BORROWING |
|
|
8.702 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
28.224 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.825 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
17.789
|
|
|
Sundry Debtors |
|
|
16.451
|
|
|
Cash & Bank Balances |
|
|
0.511
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2.651
|
|
Total
Current Assets |
|
|
37.402
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.915
|
|
|
Other Current Liabilities |
|
|
(3.912)
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
17.003
|
|
|
Net Current Assets |
|
|
20.399
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
28.224 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
38.796 |
|
|
|
Other Income |
|
|
0.001 |
|
|
|
TOTAL |
|
|
38.797 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
33.032 |
|
|
|
Direct Expenses |
|
|
|
|
|
|
Electricity Exp |
|
|
0.672 |
|
|
|
Factory Rent |
|
|
0.740 |
|
|
|
Labour Expenses |
|
|
1.448 |
|
|
|
Packing Material Expenses |
|
|
0.434 |
|
|
|
Indirect Expenses |
|
|
|
|
|
|
Computer and Software Exp |
|
|
0.006 |
|
|
|
Conveyance Expenses |
|
|
0.047 |
|
|
|
Donection Exp |
|
|
0.011 |
|
|
|
General Expenses |
|
|
0.023 |
|
|
|
Insurance Expenses |
|
|
0.026 |
|
|
|
Petrol Expenses |
|
|
0.013 |
|
|
|
Printing and Stationery
Expenses |
|
|
0.020 |
|
|
|
Repairs and Maintenance
Expenses |
|
|
0.121 |
|
|
|
Salary Expenses |
|
|
1.180 |
|
|
|
Telephone and Mobile Expenses |
|
|
0.013 |
|
|
|
Toure and Travelling Expenses |
|
|
0.028 |
|
|
|
TOTAL |
|
|
37.814 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.983 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.189 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.794 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
0.794 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
Current Maturities of Long term debt |
|
|
NA |
|
|
|
|
|
|
Cash generated from operations |
|
|
NA |
|
|
|
|
|
|
Net cash flows from (used in) operation |
|
|
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
154.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
2.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
231.11 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
1.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
5.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.12.2017 (Provisional) (9 Months) |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
2.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
4.07 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.12.2017 (Provisional) (9 Months) |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
1.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
0.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.46 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
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 nine months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last nine months |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
OBSERVATION POINTS
|
Name of Company : |
RAMA WATERCOATS INDUSTRIES LLP |
|
|
|
|
Address : |
30, Devraj Industrial Park, Piplejpirana, Ahmedabad-382405, Gujarat,
India |
|
|
|
|
Person to whom we met: |
Mr. Ghanshyam Das Rathi [Director] |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the Building : |
Factory Type Premises |
|
|
|
|
Subject situated on: |
Factory Type Premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of Premises : |
10000 Sq. Ft |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
50 [Approx.] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Proof of visit: |
Visiting Card and Photos |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
Gross Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Domestic Sales |
70.800 |
295.000 |
324.500 |
357.000 |
393.000 |
|
|
|
|
|
|
|
|
(ii) Export Sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
70.800 |
295.000 |
324.500 |
357.000 |
393.000 |
|
|
|
|
|
|
|
|
Less : Excise Duty |
10.800 |
45.000 |
49.500 |
54.500 |
60.000 |
|
|
|
|
|
|
|
|
Net Sales |
60.000 |
250.000 |
275.000 |
302.500 |
333.000 |
|
|
|
|
|
|
|
|
% rise or fall in net Sales as compared To Previous Year (%) |
-- |
316.67 |
10.00 |
10.00 |
10.08 |
|
|
|
|
|
|
|
|
COST OF SALE |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials [including stores and other items used in the process of manufacture] |
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
[b] Imported |
61.920 |
224.099 |
233.442 |
256.786 |
282.699 |
|
|
|
|
|
|
|
|
Other Spares |
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b) Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Power & Fuels |
1.332 |
4.941 |
5.141 |
5.655 |
6.226 |
|
|
|
|
|
|
|
|
Direct Labour (Factory Wages & Salaries) |
2.016 |
7.478 |
9.449 |
10.394 |
11.443 |
|
|
|
|
|
|
|
|
Other Manufacturing expenses |
0.468 |
1.602 |
1.667 |
1.834 |
2.019 |
|
|
|
|
|
|
|
|
Depreciation |
0.585 |
5.171 |
5.759 |
4.895 |
4.161 |
|
|
|
|
|
|
|
|
SUB-TOTAL |
66.321 |
243.291 |
255.458 |
279.564 |
306.548 |
|
|
|
|
|
|
|
|
Add : Opening Stock in process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub Total |
66.321 |
243.291 |
255.458 |
279.564 |
306.548 |
|
|
|
|
|
|
|
|
Deduct : Closing stock in Process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost of Production |
66.321 |
243.291 |
255.458 |
279.564 |
306.548 |
|
|
|
|
|
|
|
|
Add : Opening Stock of finished goods |
-- |
10.956 |
25.945 |
28.713 |
31.602 |
|
|
|
|
|
|
|
|
Sub Total |
66.321 |
254.247 |
281.403 |
308.277 |
338.150 |
|
|
|
|
|
|
|
|
Deduct : Closing Stock of
finished goods |
10.956 |
25.945 |
28.713 |
31.602 |
34.791 |
|
|
|
|
|
|
|
|
SUB - TOTAL [Total Cost of Sales] |
55.365 |
228.302 |
252.690 |
276.675 |
303.359 |
|
|
|
|
|
|
|
|
Selling, general and administrative
expenses |
3.456 |
13.194 |
13.753 |
15.128 |
16.654 |
|
|
|
|
|
|
|
|
SUB - TOTAL |
58.821 |
241.496 |
266.443 |
291.803 |
320.013 |
|
|
|
|
|
|
|
|
Operating Profit before
interest |
1.179 |
8.504 |
8.557 |
10.697 |
12.987 |
|
|
|
|
|
|
|
|
Interest |
-- |
6.167 |
5.953 |
5.438 |
4.922 |
|
|
|
|
|
|
|
|
Operating Profit after interest |
1.179 |
2.337 |
2.604 |
5.259 |
8.065 |
|
|
|
|
|
|
|
|
Add: Other Non-operating Income |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-Total
(Income) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Deduct: Other Non-Operating Expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-Total (
Expenses) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net of Other Non-Operating Income / Expenses [Net of 11(i) &
11(ii)] |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Profit before tax / (Loss) |
1.179 |
2.337 |
2.604 |
5.259 |
8.065 |
|
|
|
|
|
|
|
|
Provision for taxation |
0.163 |
0.303 |
0.850 |
1.634 |
2.465 |
|
|
|
|
|
|
|
|
Net Profit |
1.016 |
2.034 |
1.754 |
3.625 |
5.600 |
|
|
|
|
|
|
|
|
(a) Equity Dividend Paid |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(b) Dividend Rate |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Retained Profit |
1.016 |
2.034 |
1.754 |
3.625 |
5.600 |
|
|
|
|
|
|
|
|
Retained
Profit/Net Profit(%age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
||
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
1. |
Short
Term Borrowings From Banks (Including Bills Purchased and Discounted and the
Excess Borrowings Placed on Repayment Basis) |
|
|
|
|
|
|
|
(i) From Applicant
Bank |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
|
|
(ii) From Other
Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iii) (Of Which BP & BD )
|
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
|
2. |
Short Term Borrowings From Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
3. |
Sundry Creditors (Trade) |
10.320 |
30.347 |
29.278 |
32.341 |
35.607 |
|
|
|
|
|
|
|
|
|
4. |
Advance Payments From Customers/ Deposits from
Dealers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
5. |
Provision For Taxation |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
6. |
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
7. |
Other Statutory Liabilities (Due With in One Year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
8. |
Deposits/ Installments of Term Loans/ DPGs/
Debentures, etc (Due With in One Year) |
2.455 |
4.909 |
4.909 |
4.909 |
4.909 |
|
|
|
|
|
|
|
|
|
9. |
Other Current Liabilities & Provisions (Due With
in One Year) (specify major items) |
|
|
|
|
|
|
|
Accrued Expenses |
0.303 |
1.134 |
1.250 |
1.375 |
1.514 |
|
|
Provisions |
0.400 |
0.699 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Misc.C/Liability-5 |
-- |
-- |
1.500 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
|
|
SUB TOTAL |
13.478 |
37.089 |
36.937 |
40.625 |
44.030 |
|
|
|
|
|
|
|
|
|
10. |
TOTAL CURRENT LIABILITIES (Total of 1 to 9) |
13.478 |
80.089 |
79.937 |
83.625 |
87.030 |
|
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11. |
Debentures (Not Maturing Within One Year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
12. |
Preference Shares (Redeemable Within One Year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
13. |
Term Loans
(excluding Instalments Payable
within one year ) |
(2.455) |
19.636 |
14.727 |
9.818 |
4.909 |
|
|
|
|
|
|
|
|
|
14. |
Deferred Payment Credits (Excluding Installments
payable Within one Year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
15. |
Term Deposits (Excluding payable Within one Year) |
5.410 |
11.900 |
11.900 |
11.900 |
11.900 |
|
|
|
|
|
|
|
|
|
16. |
Other Term Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
17. |
TOTAL TERM LIABILITIES [total of 11 to 16] |
2.955 |
31.536 |
26.627 |
21.718 |
16.809 |
|
|
|
|
|
|
|
|
|
18. |
Total Outside Liabilities [10+17] |
16.433 |
111.625 |
106.564 |
105.343 |
103.839 |
|
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
19. |
Ordinary Share Capital |
21.016 |
33.050 |
34.804 |
38.429 |
44.029 |
|
|
|
|
|
|
|
|
|
20. |
General Reserve |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
21. |
Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
22. |
Other Reserve (Excluding Provision) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
23. |
Surplus (+) or Deficit (-) in Profit & Loss Account |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
24. |
Net Worth |
21.016 |
33.050 |
34.804 |
38.429 |
44.029 |
|
|
|
|
|
|
|
|
|
25. |
Total Liabilities (18+24) |
37.449 |
144.675 |
141.368 |
143.772 |
147.868 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
26. |
Cash and Bank Balances |
1.581 |
6.351 |
11.894 |
9.485 |
6.992 |
|
|
|
|
|
|
|
|
|
27. |
Investments (other than Long Term Investments) |
|
|
|
|
|
|
|
(i) Government and Other Trustee
Securities |
-- |
-- |
-- |
-- |
-- |
|
|
(ii) Fixed Deposits
with Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
28. |
(i)
Receivables Other Than Deferred & Exports (Including Bills Purchases/
Discounted by banks) |
17.700 |
55.313 |
48.675 |
53.550 |
58.950 |
|
|
|
|
|
|
|
|
|
|
(ii)
Export Receivables (Including Bills Purchased/ Discounted by banks) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
29. |
Installments
of Deferred Receivables (due within 1 year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
30. |
Inventory
: |
|
|
|
|
|
|
|
(i) Raw Materials
(Including Stores & Other Items Used in the Process of Manufacture) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(b) Indigenous |
-- |
18.675 |
19.454 |
21.399 |
23.558 |
|
|
|
|
|
|
|
|
|
|
(ii)
Stocks-in-process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iii)
Finished Goods |
10.956 |
25.945 |
28.713 |
31.602 |
34.791 |
|
|
|
|
|
|
|
|
|
|
(iv)
Other Consumable Spares |
|
|
|
|
|
|
|
(a) Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(b)
Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
31. |
Advances to Suppliers of Raw Material & Stores/
Spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
32. |
Advance Payment of Taxes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
33. |
Other Current Assets (Specify Major Items) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
34. |
Total Current Assets (total of 26 to 33) |
30.237 |
106.284 |
108.736 |
116.036 |
124.291 |
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
35. |
Gross Block (Land & Building Machinery, Work in Progress ) |
7.797 |
44.147 |
44.147 |
44.147 |
44.147 |
|
|
|
|
|
|
|
|
|
36. |
Depreciation to date
|
0.585 |
5.756 |
11.515 |
16.410 |
20.571 |
|
|
|
|
|
|
|
|
|
37. |
Net Block
[35-36] |
7.212 |
38.391 |
32.632 |
27.737 |
23.576 |
|
|
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
38. |
Investments/Book Debt/Advances/Deposits Which Are
Not Current Assets |
|
|
|
|
|
|
|
(i) a) Investments in Subsidiary Companies/
Affiliates |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b) Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(ii) Advances to Suppliers of Capital Goods and
Contractors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iii) Deferred Receivables (Maturity excluding 1
Year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
(iv) Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
39. |
Non-Consumable Stores & Spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
40. |
Other Non-Current Assets Including dues from
Directors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
41. |
Total Other Non-Current Assets [total of 38 to 40) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
42. |
Intangible Assets (Patents, Goodwill, Preliminary
Expenses, Bad/Doubtful Debts not provided for etc) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
43. |
Total Assets (total of 34,37,41 & 42) |
37.449 |
144.675 |
141.368 |
143.773 |
147.867 |
|
|
|
|
|
|
|
|
|
44. |
Tangible Net Worth [24-42] |
21.016 |
33.050 |
34.804 |
38.429 |
44.029 |
|
|
|
|
|
|
|
|
|
45. |
Net Working Capital to tally with 34-10) |
16.759 |
26.195 |
28.799 |
32.411 |
37.261 |
|
|
|
|
|
|
|
|
|
46. |
Current Ratio (item 34/10) |
2.24 |
1.33 |
1.36 |
1.39 |
1.43 |
|
|
|
|
|
|
|
|
|
47. |
Total Outside Liabilities/ Tangible Net Worth
(18/44) |
0.78 |
3.38 |
3.06 |
2.74 |
2.36 |
-----------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
SOURCES |
|
|
|
|
|
|
Net Profit (after
tax) |
1.016 |
2.034 |
1.754 |
3.625 |
5.600 |
|
|
|
|
|
|
|
|
Depreciation |
0.585 |
5.171 |
5.759 |
4.895 |
4.161 |
|
|
|
|
|
|
|
|
Increase in
Capital |
20.000 |
10.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in Term
Liabilities [Including public
deposits) |
2.955 |
28.581 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in |
|
|
|
|
|
|
- Fixed Assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
- Other non-current assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL |
24.556 |
45.786 |
7.513 |
8.520 |
9.761 |
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in Term
Liabilities [Including Public Deposits] |
-- |
-- |
4.909 |
4.909 |
4.909 |
|
|
|
|
|
|
|
|
Increase in |
|
|
|
|
|
|
- Fixed Assets |
7.797 |
36.350 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
- Other non-current assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Dividend Payments |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL |
7.797 |
36.350 |
4.909 |
4.909 |
4.909 |
|
|
|
|
|
|
|
|
Long term
surplus (+) / deficit (-) (1-2) |
16.759 |
9.436 |
2.604 |
3.611 |
4.852 |
|
|
|
|
|
|
|
|
Increase/(decrease)
in current assets |
30.237 |
76.047 |
2.452 |
7.300 |
8.255 |
|
|
|
|
|
|
|
|
Increase/(decrease)
in current liabilities other than bank borrowings |
13.478 |
23.611 |
(0.152) |
3.688 |
3.405 |
|
|
|
|
|
|
|
|
Increase/(decrease)
in working capital gap |
16.759 |
52.436 |
2.604 |
3.612 |
4.850 |
|
|
|
|
|
|
|
|
Net surplus (+) /
deficit (-) [difference of 3 & 6] |
-- |
(43.000) |
-- |
(0.001) |
0.002 |
|
|
|
|
|
|
|
|
Increase/decrease in bank borrowings |
-- |
43.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
INCREASE / DECREASE IN NET SALES |
60.000 |
190.000 |
25.000 |
27.500 |
30.500 |
|
|
|
|
|
|
|
|
* Break-Up of ( 4 ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Increase / Decrease in Raw
Materials |
-- |
18.675 |
0.779 |
1.945 |
2.159 |
|
|
|
|
|
|
|
|
ii) Increase
/ Decrease in Stocks in Process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii) Increase
/ Decrease in Finished Goods |
10.956 |
14.989 |
2.768 |
2.889 |
3.189 |
|
|
|
|
|
|
|
|
iv) Increase
/ Decrease in Receivables |
|
|
|
|
|
|
(a)
Domestic |
17.700 |
37.613 |
(6.638) |
4.875 |
5.400 |
|
(b)
Exports |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
v) Increase / Decrease in Stores & Spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
vi) Increase
/ Decrease in Other Current Assets
|
1.581 |
4.770 |
5.543 |
(2.410) |
(2.491) |
-----------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS AND
CURRENT LIABILITIES
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
ASSETS |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials
(including stores and other items
used in the process of
manufacture) |
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Months' Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
[b] Indigenous |
-- |
18.675 |
19.454 |
21.399 |
23.558 |
|
|
|
|
|
|
|
|
Months' Consumption |
-- |
1.00 |
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
|
Other consumable
spares (excluding those included in 1 above) |
|
|
|
|
|
|
|
|
|
|
|
|
|
[a] Imported |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Months' Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
[b] Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Months' Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Months cost of
production |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Finished Goods |
10.956 |
25.945 |
28.713 |
31.602 |
34.791 |
|
|
|
|
|
|
|
|
Months' cost of
sales |
2.00 |
1.25 |
1.25 |
1.25 |
1.25 |
|
|
|
|
|
|
|
|
Receivables other
than export & deferred receivables (including bills purchased and
discounted by banks) |
17.700 |
55.313 |
48.675 |
53.550 |
58.950 |
|
|
|
|
|
|
|
|
[Months' domestic
sales excluding deferred sales] |
3.00 |
2.25 |
1.80 |
1.80 |
1.80 |
|
|
|
|
|
|
|
|
Export receivable
(including bills purchased & discounted by bankers) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Months' export
sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances to suppliers
of raw materials and stores/Spares Consumables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Current Assets including Cash and Bank Balances and Deferred Receivables Due within one year (Specify major items) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cash and Bank Balances |
1.581 |
6.351 |
11.894 |
9.485 |
6.992 |
|
|
|
|
|
|
|
|
Investments (other than Long Term Investments) |
|
|
|
|
|
|
(i) Government & Other Trustee Securities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(ii) Fixed Deposits with Banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Instalment of Deferred Receivables (Due within one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advance Payment of Taxes |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Current Assets (Specify major items) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
30.237 |
106.284 |
108.736 |
116.036 |
124.291 |
|
(to agree with item
34 in form III) |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
(other than Bank Borrowing for Working Capital) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for Purchase of Raw Materials, Stores & Consumable Spares |
10.320 |
30.347 |
29.278 |
32.341 |
35.607 |
|
Months' Purchases |
2.00 |
1.50 |
1.50 |
1.50 |
1.50 |
|
|
|
|
|
|
|
|
Advance from
customers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Statutory
Provisions |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other current
liabilities (specify major items) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Short term
borrowings |
-- |
-- |
-- |
-- |
-- |
|
from others |
-- |
-- |
-- |
-- |
-- |
|
Provision for Taxation |
-- |
-- |
-- |
-- |
-- |
|
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
|
Deposits / Instalments of Term Loan /DPG's/ Debentures etc (Due within one year) |
2.455 |
4.909 |
4.909 |
4.909 |
4.909 |
|
Misc. Current Liabilities |
-- |
-- |
-- |
-- |
-- |
|
Accrued Expenses |
0.303 |
1.134 |
1.250 |
1.375 |
1.514 |
|
Provisions |
0.400 |
0.699 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Misc. C/Liability-5 |
-- |
-- |
1.500 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
13.478 |
37.089 |
36.937 |
40.625 |
44.030 |
|
[To agree with sub-total B in form III] |
|
|
|
|
|
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
2017-18 Estimated |
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
|
|
FIRST METHOD OF
LENDING |
|
|
|
|
|
|
Total Current Assets (9 in form iv) |
30.237 |
106.284 |
108.736 |
116.036 |
124.291 |
|
|
|
|
|
|
|
|
Other Current Liabilities (other than Bank Borrowings) (14 of Form IV ) |
13.478 |
37.089 |
36.937 |
40.625 |
44.030 |
|
|
|
|
|
|
|
|
Working Capital Gap (WCG) |
19.214 |
74.104 |
76.708 |
80.320 |
85.170 |
|
|
|
|
|
|
|
|
Min Stipulated Net Working Capital 25% of WCG / 25 % of Total Current Assets as the case may be depending upon Method of Lending being applied (Exports Receivables to be excluded under both methods) |
4.804 |
18.526 |
19.177 |
20.080 |
21.293 |
|
|
|
|
|
|
|
|
Actual/ Project Net Working Capital (45 in form III) |
19.214 |
31.104 |
33.708 |
37.320 |
42.170 |
|
|
|
|
|
|
|
|
Item 3 minus Item 4 |
14.411 |
55.578 |
57.531 |
60.240 |
63.878 |
|
|
|
|
|
|
|
|
Item 3 minus Item 5 |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
Maximum Permissible Bank Finance (Item 6 or 7 whichever is lower) |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
Excess Borrowings representing short fall in NWC ( 4 - 5 ) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
SECOND METHOD OF
LENDING |
|
|
|
|
|
|
Total Current Assets (9 in form iv) |
30.237 |
106.284 |
108.736 |
116.036 |
124.291 |
|
|
|
|
|
|
|
|
Other Current Liabilities (other than Bank Borrowings) (14 of Form IV ) |
13.478 |
37.089 |
36.937 |
40.625 |
44.030 |
|
|
|
|
|
|
|
|
Working Capital Gap (WCG) |
19.214 |
74.104 |
76.708 |
80.320 |
85.170 |
|
|
|
|
|
|
|
|
Min Stipulated Net Working Capital 25% of WCG / 25 % of Total Current Assets as the case may be depending upon Method of Lending being applied (Exports Receivables to be excluded under both methods) |
7.559 |
26.571 |
27.184 |
29.009 |
31.073 |
|
|
|
|
|
|
|
|
Actual/ Project Net Working Capital (45 in form III) |
19.214 |
31.104 |
33.708 |
37.320 |
42.170 |
|
|
|
|
|
|
|
|
Item 3 minus Item 4 |
11.655 |
47.533 |
49.524 |
51.311 |
54.097 |
|
|
|
|
|
|
|
|
Item 3 minus Item 5 |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
Maximum Permissible Bank Finance (Item 6 or 7 whichever is lower) |
-- |
43.000 |
43.000 |
43.000 |
43.000 |
|
|
|
|
|
|
|
|
Excess Borrowings representing short fall in NWC ( 4 - 5 ) |
-- |
-- |
-- |
-- |
-- |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. GHANSHYAM DAS RATHI
(INR IN MILLION)
BANK
A/C
|
Bank Name |
Branch |
SB/ CD A/c No. |
Present Balance |
|
Panjab National
Bank |
Vanijya Bhavan |
1960000100135503 |
0.019 |
|
Indian Bank |
--- |
--- |
0.002 |
|
Total |
0.021 |
||
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/Joint name |
Freehold OR Leasehold |
Location address |
Purchase cost |
Present Value |
Whether encumbered (Give details) |
|
Flat |
Ghanshyam das Rathi |
Free hold |
B-403, Sahaj Residency, Near Karnavati Shopping Mall, Vastral, Ahmedabad |
1.111 |
4.500 |
Mortgaged to Kotak Mahindra Bank |
|
Flat |
Ghanshyam das Rathi |
Free hold |
B-404, Sahaj Residency, Near Karnavati Shopping Mall, Vastral, Ahmedabad |
1.111 |
4.500 |
Mortgaged to Kotak Mahindra Bank |
|
Flat |
Ghanshyam das Rathi |
Free hold |
E-503, Sahaj Residency, Opp Raf Camp Vastral, Ahmedabad |
1.414 |
3.300 |
No |
|
Flat |
Ghanshyam das Rathi |
Free hold |
E-504, Sahaj Residency, Opp Raf Camp Vastral, Ahmedabad |
1.313 |
3.300 |
No |
|
Office |
Jointly hold With Manoj Kumar rathi |
Free hold |
Sumel Business Park-2 Third Floor D-271 Ahmedabad |
0.524 |
3.000 |
Mortgaged to Kotak Mahindra Bank |
|
Plot |
Ghanshyam das rathi |
Free hold |
One open plot at Napasar, Rajasthan |
0.052 |
1.050 |
No |
|
|
|
|
|
|
|
|
|
Total |
19.650 |
|
||||
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company &
Branch |
Policy No |
Date of issue |
Sum assured |
Surrender value
(INR in Million) |
Annual premium |
Premium paid
upto ____ period |
|
LIC |
415245759 |
28/06/02 |
0.100 |
0.077 |
0.004 |
Feb-2018 |
|
LIC |
415844940 |
28/07/02 |
0.050 |
0.047 |
0.002 |
Feb-2018 |
|
LIC |
415844939 |
28/09/02 |
0.200 |
0.154 |
0.008 |
Feb-2018 |
|
LIC |
501649018 |
28/08/05 |
0.105 |
0.184 |
0.014 |
Feb-2018 |
|
LIC |
577148453 |
27/09/08 |
0.500 |
0.224 |
0.026 |
Feb-2018 |
|
LIC |
578265429 |
14/07/10 |
0.470 |
0.189 |
0.024 |
Feb-2018 |
|
LIC |
578272365 |
27/12/10 |
0.200 |
0.078 |
0.009 |
Feb-2018 |
|
LIC |
578272366 |
27/12/10 |
0.050 |
0.026 |
0.002 |
Feb-2018 |
|
LIC |
458727233 |
28/04/13 |
0.300 |
0.064 |
0.012 |
Feb-2018 |
|
LIC |
495074359 |
28/01/12 |
0.500 |
0.120 |
0.020 |
Feb-2018 |
|
LIC |
495121834 |
28/06/13 |
0.500 |
0.092 |
0.018 |
Feb-2018 |
|
LIC |
495121875 |
28/06/13 |
0.500 |
0.092 |
0.018 |
Feb-2018 |
|
|
|
|
|
|
|
|
|
Total |
1.347 |
|
|
|||
SHARES/DEBENTURES/MUTUAL FUND ETC.
|
Name of Company |
Certificate No. / A/c. No. / Demate
Account No. |
Scheme |
Whether fully paid (Yes/No) |
Current Market
Value (INR) |
|
MIS With post Office |
R/D No.3362925585 |
-- |
Yes |
0.020 |
|
MIS With post Office |
R/D No.3360165907 |
-- |
Yes |
0.020 |
|
MIS With post Office |
R/D no. 3360081887 |
-- |
Yes |
0.040 |
|
MIS With post Office |
-- |
Sukanya yojna |
Yes |
0.025 |
|
|
|
|
|
|
|
Total |
0.105 |
|||
INVESTMENT IN GOVT. SECURITIES LIKE BOND’S / PPF/ NSC / KVP / IVP ETC
|
Bond/Certificate No. |
Nature of securities |
Date of purchase |
Issuing Office |
Face Value |
Due Date |
Current
Amount |
|
NSC/3871738478 |
Share |
2017 |
Bikaner |
0.150 |
2022 |
0.155 |
|
KVP/961378 to 81 |
Share |
2015 |
Bikaner |
0.040 |
2020 |
0.062 |
|
KVP/092345 To 352 |
Share |
2015 |
Bikaner |
0.040 |
2020 |
0.062 |
|
|
|
|
|
|
|
|
|
Total |
0.279 |
|||||
JEWELLERY
|
Type |
Quantity |
Valuation (approx)* |
|
Gold - ornaments |
300Gms |
0.891 |
|
|
|
|
|
Total |
0.891 |
|
CAPITAL INVESTED IN BUSINESS
|
Name of Firm/Company (as on latest
Balance sheet) |
INR in Million |
|
Rama Watercoats
Industries LLP |
0.500 |
|
|
|
|
Rathi Polytech LLP |
0.450 |
|
|
|
|
Shree Rathi
Tarpaulin LLP |
1.250 |
|
|
|
|
Total |
2.200 |
OTHER INVESTMENTS/ASSETS
|
Particulars |
INR in Million |
|
Cash & Bank
Balance |
0.350 |
|
Loans &
Advances (Shree Sales Corporation ) |
4.950 |
|
|
|
|
Total |
5.300 |
DETAILS OF
LIABILITIES
AS BORROWER
|
Borrowed from |
Purpose of Loan |
Amt. of Loan |
Security |
Repayment Terms |
Outstanding Balance |
|
Kotak Mahindra Bank |
Home Loan |
2.880 |
Home |
Repayable In 180 Equally Monthly Installment |
1.733 |
|
Unsecured Loans |
-- |
-- |
-- |
-- |
0.800 |
|
|
|
|
|
|
|
|
Total (I) |
|
|
|
|
2.533 |
|
NET WORTH |
27.260 |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Minakshi Devi Rathi |
House Wife |
Wife |
34 |
Married |
B-403, Sahaj Residency,
Near Karnavati Shopping Mall, Vastral, Ahmedabad, Gujarat, India |
|
Krishna rathi |
Student |
Son |
9 |
Unmarried |
|
|
Manvi Rathi |
Student |
Daughter |
4 |
Unmarried |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. SHREE NIWAS RATHI
(INR IN MILLION)
BANK
A/C
|
Bank Name |
Present Balance |
|
Indian Bank Ltd |
0.045 |
|
|
|
|
Total |
0.045 |
DETAILS
OF ASSETS
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
& Branch |
Policy No |
Date of issue |
Sum assured |
Surrender value
(INR in Million) |
Annual premium |
Premium paid
upto ____ period |
|
LIC |
415244293 |
28/11/01 |
0.010 |
0.095 |
0.003 |
Feb-2018 |
|
LIC |
458892002 |
28/10/15 |
0.030 |
0.055 |
0.013 |
Feb-2018 |
|
|
|
|
|
|
|
|
|
Total |
0.040 |
0.150 |
|
|
||
SHARES/DEBENTURES/MUTUAL FUND ETC.
|
Name of Company |
Certificate No. / A/c. No. / Demate
Account No. |
Whether fully paid (Yes/No) |
Current Market
Value (INR) |
|
MIS With post Office |
R/D A/c 3466015700 |
Yes |
0.020 |
|
MIS With post Office |
R/D A/c3466012044 |
Yes |
0.022 |
|
MIS With post Office |
-- |
Yes |
0.020 |
|
|
|
|
|
|
Total |
0.062 |
||
INVESTMENT IN GOVT. SECURITIES LIKE BOND’S / PPF/ NSC / KVP / IVP ETC
|
Bond/Certificate No. |
Nature of securities |
Date of purchase |
Issuing Office |
Face Value |
Current
Amount |
|
3871722163 |
NSC |
2017 |
Bikaner |
0.100 |
0.110 |
|
|
|
|
|
|
|
|
Total |
|
|
|
0.100 |
0.110 |
JEWELLERY
|
Type |
Quantity |
Valuation (approx)* |
|
Gold - ornaments |
125 |
0.371 |
|
|
|
|
|
Total |
0.371 |
|
CAPITAL INVESTED IN BUSINESS
|
Name of Firm/Company (as on latest
Balance sheet) |
INR in Million |
|
Shree Rathi
Tarpaulin LLP |
2.299 |
|
|
|
|
Rathi Polytech LLP |
0.600 |
|
|
|
|
Shree Sales
Corporation |
1.462 |
|
|
|
|
Total |
4.361 |
OTHER INVESTMENTS/ASSETS
|
Particulars |
INR in Million |
|
Cash & Bank
Balance |
0.086 |
|
|
|
|
Total |
0.086 |
DETAILS OF
LIABILITIES
AS BORROWER
|
Borrowed from |
Outstanding Balance |
|
Unsecured Loans |
1.288 |
|
|
|
|
Total (I) |
1.288 |
|
NET WORTH |
3.897 |
LEGAL HEIRS
/ FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Hemlata rathi |
House Wife |
Wife |
40 |
Married |
B-403/404 Sahej
Residency, Opp. Karnawati Mega Mall, Vastral, Ahmedabad, Gujarat, India |
|
Raghav Rathi |
Student |
Son |
20 |
Unmarried |
|
|
Mayank Rathi |
Student |
Son |
15 |
Unmarried |
|
|
Madhav Rathi |
Student |
Son |
13 |
Unmarried |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
BRIEF ABOUT THE COMPANY
Rama Watercoats Industries is a
Limited Liability Partnership Firm having registered Office in D/271, 3rd
Floor, Sumel Business Park Il, Nr. Vanijvabhavan, Kankaria, Ahmedabad, Gujarat-
380022 and incorporated on 07.03.2017 with a View to Manufacturing/trading and
develop of Water proofing Plastic Tarpaulin, which will be manufactured by using
premium grade of Ram Material sources from reliable vendor. Rama Watercoats
Industries aiming to provide high quality of products RWI counted among the
most reckoned names engaged in trading of high quality of Tarpaulins. Firm has
achieved turnover of INR 38.796 Million upto 31.12.2017.
BRIEF WRITE UP ON PARTNER
RATHI POLYTECH LLP
RATHI POLYTECH LLP incorporated in the year 2017, represented by Mr. Ghanshyam Das Rathiaged 37 years. He is having 10 years of experience in HDPE Lamination and water proofing plastic – (Tarpaulin). He is also running Proprietorship Firm (Shree Sales Corporation) which is incorporated in the year 2009. Turnover of such Proprietorship Firm is of INR 117.423 Million for FY 2017-18 (Till December 2017). It has achieved turnover of INR 130.627 Million as per audited balance sheet for the FY 2016-17.
The business would be done in Rama Watercoats Industries LLP exclusively from 1st April 2018 and limits of Shree Sales Corporation will be closed.
SHREE RATHI TARPAULIN LLP
Shree Rathi Tarpaulin LLP incorporated in the year 2017, represented by Mr. Shree Niwas Rathi aged 25 years. He is having 5 years of experience in HDPE Lamination and water proofing plastic- (Tarpaulin). He has experience of handling overall marketing of the group.
EXPERIENCE OF THE PROMOTER
Shree Sales Corporation was incorporated in year 2009, is a proprietorship Firm led by Mr. Ghanshyam Das Rathi. It is engaged in trading of HDPE lamination (Tarpaulin).
He has experience more than 10 years in the industry. He has good experience in market of trading of Tarpaulin and has a vast customer base all over India. This well-known establishment acts as a one-stop destination servicing customers both local and from other parts of Ahmedabad. Shree Sales Corporation has a wide range of products and services to cater to the varied requirements of their customers.
Total turnover of the firm was INR 100.324 Million for FY 2015-16 and INR 130.627 Million for FY 2016-17. This Year it has achieved turnover of INR 117.423 Million for FY 2017-18 up to December 2017.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MR. GHANSHYAMDAS PRAHLAD RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
B, Flat No. 403, Fourth Floor, Sahaj Residency, Near Karnavati Mall, Opposite
Swaminarayan Park, Takshashila School Road, Vastral Ahmedabad- 382418 Revenue Survey No.
1048, 1050, 1051, 1052, T.P. Scheme No. 113 (Vastral), Final Plot No. 52/1/3,
Sub plot no. 2, Mouje: Vastral, Taluka: City, Sub District: Ahmedabad-12
(Nikol), District: Ahmedabad (as per plan DTPS No. 113, Taluka: Dascroi) |
|
Market Value |
INR 4.395 Million |
|
|
|
|
Realisable Value |
INR 4.000 Million |
|
|
|
|
Distress Value |
INR 3.516 Million |
|
|
|
|
Insurance value |
INR 1.170 Million |
|
|
|
|
Jantri Value |
INR 0.844 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MR. GHANSHYAMDAS PRAHLAD RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
B, Flat No. 404, Fourth Floor, Sahaj Residency, Near Karnavati Mall, Opposite
Swaminarayan Park, Takshashila School Road, Vastral Ahmedabad- 382418 Revenue
Survey No. 1048, 1050, 1051, 1052, T.P. Scheme No. 113 (Vastral), Final Plot
No. 52/1/3, Sub plot no. 2, Mouje: Vastral, Taluka: City, Sub District:
Ahmedabad-12 (Nikol), District: Ahmedabad (as per plan DTPS No. 113, Taluka:
Dascroi) |
|
Market Value |
INR 4.395 Million |
|
|
|
|
Realisable Value |
INR 4.000 Million |
|
|
|
|
Distress Value |
INR 3.516 Million |
|
|
|
|
Insurance value |
INR 1.170 Million |
|
|
|
|
Jantri value |
INR 0.844 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MRS. HEMLATA DEVI MANOJKUMAR RATHI |
|
|
|
|
Location, Street, Ward No. |
Block B, Flat No.
401, Fourth Floor, Sahaj Residency, Near Karnavati Mall, Opposite
Swaminarayan Park, Takshashila School Road, Vastral Ahmedabad- 382418 Revenue Survey No.
1048, 1050, 1051, 1052, T.P. Scheme No. 113 (Vastral), Final Plot No. 52/1/3,
Sub plot no. 2, Mouje: Vastral, Taluka: City, Sub District: Ahmedabad-12 (
Nikol), District: Ahmedabad ( as per plan DTPS No. 113, Taluka: Dascroi) |
|
Market Value |
INR 4.395 Million |
|
|
|
|
Realisable Value |
INR 4.000 Million |
|
|
|
|
Distress Value |
INR 3.516 Million |
|
|
|
|
Insurance value |
INR 1.170 Million |
|
|
|
|
Jantri value |
INR 0.844 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MRS. HEMLATA DEVI MANOJKUMAR RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
No. I, Flat No. 204, Second Floor,Blue Irish, Near Sahaj-2, Opposite RAF
Cump, S.P. Ring, Vastral Ahmedabad Survey No. 759,
760/1, 777, 778 & 803, town Planning Scheme No. 114 (Vastral-Ramol),
Final Plot No. 20/1/1, Sub Plot No. 3, Mouje: Vastral, Taluka: Vatva (as per
plan Dascroi), Sub District: Ahmedabad – 12 (Nikol), District: Ahmedabad |
|
Market Value |
INR 3.044 Million |
|
|
|
|
Realisable Value |
INR 2.740 Million |
|
|
|
|
Distress Value |
INR 2.435 Million |
|
|
|
|
Insurance value |
INR 0.741 Million |
|
|
|
|
Jantri value |
INR 0.700 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MRS. HEMLATA DEVI MANOJKUMAR RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
No. I, Flat No. 203, Second Floor,Blue Irish, Near Sahaj-2, Opposite RAF
Cump, S.P. Ring , Vastral Ahmedabad Survey No. 759,
760/1, 777, 778 & 803, town Planning Scheme No. 114 (Vastral-Ramol),
Final Plot No. 20/1/1, Sub Plot No. 3, Mouje: Vastral, Taluka: Vatva (as per
plan Dascroi), Sub District: Ahmedabad – 12 (Nikol), District: Ahmedabad |
|
Market Value |
INR 3.022 Million |
|
|
|
|
Realisable Value |
INR 2.700 Million |
|
|
|
|
Distress Value |
INR 2.400 Million |
|
|
|
|
Insurance value |
INR 0.736 Million |
|
|
|
|
Jantri value |
INR 0.700 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MRS. HEMLATA DEVI MANOJKUMAR RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
No. T, Flat No. 304, Third Floor,Blue Irish-2, Near Sahaj-2, Opposite RAF
Cump, S.P. Ring , Vastral Ahmedabad Survey No. 759,
760/1, 777, 778 & 803, town Planning Scheme No. 114 (Vastral-Ramol),
Final Plot No. 20/1/1, Sub Plot No. 3, Mouje: Vastral, Taluka: Vatva (as per
plan Dascroi), Sub District: Ahmedabad – 12 (Nikol), District: Ahmedabad |
|
Market Value |
INR 4.697 Million |
|
|
|
|
Realisable Value |
INR 4.227 Million |
|
|
|
|
Distress Value |
INR 3.757 Million |
|
|
|
|
Insurance value |
INR 1.200 Million |
|
|
|
|
Jantri value |
INR 1.100 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MRS. HEMLATA DEVI MANOJKUMAR RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
No. E, Flat No. 504, Fifth Floor, Sahaj -2, Near Blue iris, Opposite RAF
Cump, S.P. Ring Road, Vastral Ahmedabad-382418. Revenue Survey No. 800, T.P. Scheme
No. 114, Final Plot No. 49, Sub Plot No. 3, Mouje: Taluka: City, Sub
District: Ahmedabad – 12 (Nikol), District: Ahmedabad (as per plan DPS No.
114 (vastral - ramol), Taluka: Dascroi) |
|
Market Value |
INR 3.100 Million |
|
|
|
|
Realisable Value |
INR 2.800 Million |
|
|
|
|
Distress Value |
INR 2.500 Million |
|
|
|
|
Insurance value |
INR 0.625 Million |
|
|
|
|
Jantri value |
INR 0.578 Million |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
26.03.2018 |
|
|
|
|
Name of the Owner |
MR. GHANSHYAMBHAI PRAHALADRAI RATHI |
|
|
|
|
Location, Street, Ward No. |
Block
No. E, Flat No. 503, Fifth Floor, Sahaj -2, Near Blue iris, Opposite RAF
Cump, S.P. Ring Road, Vastral Ahmedabad-382418 Revenue
Survey No. 800, T.P. Scheme No. 114, Final Plot No. 49, Sub Plot No. 3,
Mouje: Taluka: City, Sub District: Ahmedabad – 12 (Nikol), District:
Ahmedabad (as per plan DPS No. 114 (vastral - ramol), Taluka: Dascroi) |
|
Market Value |
INR 3.300 Million |
|
|
|
|
Realisable Value |
INR 2.970 Million |
|
|
|
|
Distress Value |
INR 2.640 Million |
|
|
|
|
Insurance value |
INR 0.677 Million |
|
|
|
|
Jantri value |
INR 0.625 Million |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
------------------------------------------------------------------------------------------------------------------------------
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 |
INR 65.35 |
|
UK Pound |
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.