|
|
|
MIRA INFORM REPORT
|
Report No. : |
503019 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
THE BIG E RETAIL |
|
|
|
|
Registered
Office : |
33/34, 1st Floor, Shakti Woolen Mills Estate, Dr. E. Moses Road, Mahalaxmi (West), Mumbai-400011, Maharashtra |
|
Tel No.: |
91-22-49741948 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Year of
Establishment : |
September, 2017 |
|
|
|
|
Capital
Investment : |
INR 3.500 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27APOPB4662C1Z1 |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
APOPB4662C |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of all types of Wooden Floorings. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
08 [Approximately] |
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 24.04.2018.
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 : |
Mrs. Sweta Roshan Bisani |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9820346010 |
|
Date : |
23.04.2018 |
|
|
|
|
Name : |
Mr. Aftab Lodha |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9594262464 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered Office : |
33/34, 1st Floor, Shakti Woolen Mills Estate, Dr. E. Moses Road, Mahalaxmi (West), Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-49741948 |
|
Mobile No.: |
91-9820346010 [Mrs. Sweta Roshan Bisani] 91-9594262464 [Mr. Aftab Lodha] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1620 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial [As per site visit] |
SOLE PROPRIETOR
|
Name : |
Mrs. Sweta Roshan Bisani |
|
Designation : |
Proprietor |
|
Address : |
W/O Roshan Bisani, 62, Ameeta Building, Mantralay, Nariman Point,
Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1978 |
|
Qualification : |
B. Com, Vistual Merchandise Masters Degree |
|
Experience : |
25 Years |
|
PAN No.: |
APOPB4662C |
|
Aadhar No : |
272889552072 |
KEY EXECUTIVES
|
Name : |
Mr. Aftab Lodha |
|
Designation : |
Accounts Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader of all types of Wooden Floorings. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Wooden Floorings |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash and Credit [30 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
08 [Approximately] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concerns : |
· Ego Flooring Private Limited Address: 105-106, Navbharat Estate, Zakariya Bandar Road, Sewri, Mumbai, Maharashtra, India Line of
Business: Wooden Flooring |
CAPITAL STRUCTURE
AS ON 31.03.2018 [PROVISIONAL]
|
Capital Investment : |
|
|
Owned : |
INR 3.500 Million |
|
Borrowed : |
--- |
|
Total : |
INR 3.500
Million |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2018 [Provisional] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital Account |
|
|
3.500 |
|
|
2] Reserves & Surplus |
|
|
0.640 |
|
|
NETWORTH |
|
|
4.140 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
10.000 |
|
|
2] Unsecured Loans |
|
|
7.000 |
|
|
TOTAL BORROWING |
|
|
17.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.140 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.649 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.800 |
|
|
Sundry Debtors |
|
|
9.175 |
|
|
Cash & Bank Balances |
|
|
0.596 |
|
|
Other Current Assets |
|
|
2.070 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
14.641 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
5.650
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
5.650 |
|
|
Net Current Assets |
|
|
8.991 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.140 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
20.500 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
20.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
14.950 |
|
|
|
Administrative Expenses |
|
|
3.800 |
|
|
|
Other Expenses |
|
|
0.600 |
|
|
|
TOTAL |
|
|
19.350 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE INTEREST
AND DEPRECIATION AND AMORTISATION |
|
|
1.150 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE DEPRECIATION AND AMORTISATION |
|
|
0.940 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
0.640 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
0.640 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
163.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
2.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
|
|
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
4.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
3.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
2.81 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
5.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2018 [Provisional] |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
3.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
2.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
15.46 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
4.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.16 |
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 |
Yes |
|
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 six months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last six 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 : |
THE BIG E RETAIL |
|
|
|
|
Address : |
33/34, 1st Floor, Laxmi Woolen Mill Estate, Dr. Emoses Road, Shakti Mills Lane, Mahalaxmi (West), Mumbai-400011, Maharashtra, India |
|
|
|
|
Person to whom we met: |
Mrs. Sweta Bisani (Proprietor) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the Building : |
2 Floors |
|
|
|
|
Subject situated on: |
Whole Building |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
02 [Approx.] |
|
|
|
|
Visibility of Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture Items
Sighted: |
Yes |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL BALANCE SHEET
(INR IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2019 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital Account |
|
|
4.140 |
|
|
2] Reserves & Surplus |
|
|
3.080 |
|
|
NETWORTH |
|
|
7.220 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9.200 |
|
|
2] Unsecured Loans |
|
|
15.579 |
|
|
TOTAL BORROWING |
|
|
24.779 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
31.999 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
12.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.400 |
|
|
Sundry Debtors |
|
|
22.440 |
|
|
Cash & Bank Balances |
|
|
0.789 |
|
|
Other Current Assets |
|
|
2.320 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
32.949 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
13.450
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
13.450 |
|
|
Net Current Assets |
|
|
19.499 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
31.999 |
|
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL PROFIT AND LOSS ACCOUNT
(INR IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2019 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
66.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
66.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
46.400 |
|
|
|
Administrative Expenses |
|
|
10.830 |
|
|
|
Other Expenses |
|
|
1.400 |
|
|
|
TOTAL |
|
|
58.630 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
|
|
7.370 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
3.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE DEPRECIATION AND AMORTISATION |
|
|
4.080 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
1.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
3.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
3.080 |
|
-----------------------------------------------------------------------------------------------------------------------------
CALCULATION OF DEBT SERVICE COVERAGE RATIO
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 Projected |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
COVER AVAILABLE |
|
|
|
|
|
|
Profit after tax |
0.640 |
3.080 |
4.173 |
6.350 |
8.110 |
|
|
|
|
|
|
|
|
Depreciation |
0.300 |
1.000 |
1.500 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
Preliminary Exp. W/off |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Interest - Term Loan |
0.110 |
0.441 |
0.406 |
0.333 |
0.259 |
|
|
|
|
|
|
|
|
Sub-total (A) |
1.050 |
4.521 |
6.079 |
8.683 |
10.369 |
|
|
|
|
|
|
|
|
DEBT TO BE
SERVED |
|
|
|
|
|
|
Term Loan Instalments |
-- |
0.165 |
0.666 |
0.666 |
0.666 |
|
|
|
|
|
|
|
|
Interest - Term Loan |
0.110 |
0.441 |
0.406 |
0.333 |
0.259 |
|
|
|
|
|
|
|
|
Sub-total (B) |
0.110 |
0.606 |
1.072 |
0.999 |
0.925 |
|
|
|
|
|
|
|
|
DSCR (A/B) |
9.55 |
7.46 |
5.67 |
8.69 |
11.21 |
|
|
|
|
|
|
|
|
Simple Average DSCR |
3.30 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Weighted Average DSCR |
19.82 |
-- |
-- |
-- |
-- |
-----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 Projected |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
LIABILITIES |
|
|
|
|
|
|
Capital |
3.500 |
4.140 |
7.220 |
11.393 |
17.743 |
|
|
|
|
|
|
|
|
PROFIT FOR THE YEAR |
0.640 |
3.080 |
4.173 |
6.350 |
8.110 |
|
|
|
|
|
|
|
|
Own Funds |
4.140 |
7.220 |
11.393 |
17.743 |
25.853 |
|
|
|
|
|
|
|
|
Unsecured Loans |
7.000 |
15.579 |
18.462 |
20.140 |
15.308 |
|
|
|
|
|
|
|
|
Total Unsecured
Loans |
7.000 |
15.579 |
18.462 |
20.140 |
15.308 |
|
|
|
|
|
|
|
|
Secured Loans/ LT Liabilities |
10.000 |
9.200 |
8.430 |
7.287 |
6.938 |
|
|
|
|
|
|
|
|
Bank loan |
4.000 |
3.333 |
2.666 |
1.999 |
1.332 |
|
|
|
|
|
|
|
|
LC |
4.000 |
4.000 |
4.000 |
4.000 |
4.000 |
|
|
|
|
|
|
|
|
OD |
2.000 |
1.867 |
1.764 |
1.288 |
1.606 |
|
|
|
|
|
|
|
|
Total Secured Loan |
10.000 |
9.200 |
8.430 |
7.287 |
6.938 |
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
Sundry Creditors |
3.350 |
10.550 |
11.880 |
14.018 |
16.537 |
|
|
|
|
|
|
|
|
Other Current Liabilities |
2.300 |
2.900 |
2.896 |
4.191 |
2.900 |
|
|
|
|
|
|
|
|
Total Current
Liabilities |
5.650 |
13.450 |
14.776 |
18.209 |
19.437 |
|
|
|
|
|
|
|
|
Total Liabilities |
26.790 |
45.449 |
53.061 |
63.380 |
67.536 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Net Fixed Assets |
11.649 |
12.000 |
13.440 |
14.784 |
16.262 |
|
|
|
|
|
|
|
|
Investments- |
0.500 |
0.500 |
0.500 |
0.700 |
0.700 |
|
|
|
|
|
|
|
|
Work In Progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Stock in Trade |
2.800 |
7.400 |
10.200 |
12.800 |
14.400 |
|
|
|
|
|
|
|
|
Sundry Debtors |
9.175 |
22.440 |
25.331 |
30.849 |
32.888 |
|
|
|
|
|
|
|
|
Cash And Bank Balance |
0.596 |
0.789 |
0.654 |
0.894 |
0.965 |
|
|
|
|
|
|
|
|
Other current assets |
2.070 |
2.320 |
2.936 |
3.353 |
2.320 |
|
|
|
|
|
|
|
|
Total Current Assets |
14.641 |
32.949 |
39.121 |
47.896 |
50.573 |
|
|
|
|
|
|
|
|
Non – Current Liabilities |
|
|
|
|
|
|
Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Non – Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Non- Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Assets |
26.790 |
45.449 |
53.061 |
63.380 |
67.535 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 Projected |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
a) Current Assets |
14.641 |
32.949 |
39.121 |
47.896 |
50.573 |
|
|
|
|
|
|
|
|
b) Current Liability excluding Bank Borrowings |
5.650 |
13.450 |
14.776 |
18.209 |
19.437 |
|
|
|
|
|
|
|
|
c) Working Capital Gap |
8.991 |
19.499 |
24.345 |
29.686 |
31.136 |
|
|
|
|
|
|
|
|
d) 25% of A |
3.660 |
8.237 |
9.780 |
11.974 |
12.643 |
|
|
|
|
|
|
|
|
e) Net Working Capital |
8.991 |
19.499 |
24.345 |
29.686 |
31.136 |
|
|
|
|
|
|
|
|
f) C - D |
5.331 |
11.262 |
14.565 |
17.712 |
18.493 |
|
|
|
|
|
|
|
|
h) MPBF |
5.331 |
11.262 |
14.565 |
17.712 |
18.493 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 Projected |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
Sales / Receipts |
20.500 |
66.000 |
79.200 |
95.040 |
114.048 |
|
|
|
|
|
|
|
|
Add : Closing Stock |
2.800 |
7.400 |
10.200 |
12.800 |
14.400 |
|
|
|
|
|
|
|
|
Less: Opening Stock |
0.000 |
2.800 |
7.400 |
10.200 |
12.800 |
|
|
|
|
|
|
|
|
Less: Purchases |
13.400 |
42.200 |
47.520 |
56.074 |
66.148 |
|
|
|
|
|
|
|
|
Less: Direct Expenses |
4.350 |
8.800 |
9.740 |
11.380 |
12.920 |
|
|
|
|
|
|
|
|
Contribution/GP |
5.550 |
19.600 |
24.740 |
30.186 |
36.580 |
|
|
|
|
|
|
|
|
% Contribution/GP to Sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Add: Other Income |
0.000 |
0.000 |
0.000 |
-- |
-- |
|
|
|
|
|
|
|
|
Less: Finance Exp |
0.210 |
3.290 |
4.277 |
5.702 |
7.413 |
|
|
|
|
|
|
|
|
Less: Selling & Administrative Exp |
3.800 |
10.830 |
12.540 |
13.464 |
16.157 |
|
|
|
|
|
|
|
|
Less: Depreciation |
0.300 |
1.000 |
1.500 |
2.000 |
2.000 |
|
|
|
|
|
|
|
|
Less: Misc Exp |
0.600 |
1.400 |
2.250 |
2.670 |
2.900 |
|
|
|
|
|
|
|
|
Net Profit Before Tax |
0.640 |
3.080 |
4.173 |
6.350 |
8.110 |
|
|
|
|
|
|
|
|
Less : Tax |
0.000 |
0.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Profit After Tax |
0.640 |
3.080 |
4.173 |
6.350 |
8.110 |
|
|
|
|
|
|
|
|
% Contribution/GP to Sales |
27.07 |
29.70 |
31.24 |
31.76 |
32.07 |
|
|
|
|
|
|
|
|
% NP to Sale |
3.12 |
4.67 |
5.27 |
6.68 |
7.11 |
------------------------------------------------------------------------------------------------------------------------------
RATIOS ANALYSIS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
31.03.2018 Projected |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
Current Assets |
14.641 |
32.949 |
39.121 |
47.896 |
50.573 |
|
|
|
|
|
|
|
|
Current Liabilites |
5.650 |
13.450 |
14.776 |
18.209 |
19.437 |
|
|
|
|
|
|
|
|
Total Outside Liabilities (including Unsecured Loans as Quasi Capital) |
15.650 |
22.650 |
23.206 |
25.497 |
26.375 |
|
|
|
|
|
|
|
|
Tangible Networth (including Unsecured
Loans as Quasi Capital) |
11.140 |
22.799 |
29.855 |
37.883 |
41.161 |
|
|
|
|
|
|
|
|
Current Ratio |
2.59 |
2.45 |
2.65 |
2.63 |
2.60 |
|
|
|
|
|
|
|
|
Average Stock |
14.00 |
51.00 |
88.00 |
115.00 |
136.00 |
|
|
|
|
|
|
|
|
The ratio of Total Outside Liabilities to Tangible Networth (including
Unsecured Loans as Quasi Capital) |
1.40 |
0.99 |
0.78 |
0.67 |
0.64 |
|
|
|
|
|
|
|
|
Debtors Velocity (Days) |
163 |
124 |
117 |
118 |
105 |
|
|
|
|
|
|
|
|
Creditors Velocity (Days) |
91 |
91 |
91 |
91 |
91 |
|
|
|
|
|
|
|
|
Stock Turnover (Times ) (Sales / Avg.
Stock) |
15 |
13 |
9 |
8 |
8 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. SWETA ROSHAN BISANI
(INR IN MILLION)
DETAILS
OF ASSETS
MOVABLE PROPERTY
DEPOSITS HELD WITH COMPANIES/ OTHERS
|
Name of the company |
Nature of deposit |
Amount [INR in Million] |
|
Shreeram Transport |
Unsecured |
INR 0.350
Million |
LIFE INSURANCE POLICIES
|
Dt. of Policy |
Policy No. |
Whether endowment policy or whole life policy
or others |
Annual Premuim |
Sum assured |
Surrender value as on |
|
31-03-05 |
902741414 |
Endowment policy |
INR 0.007
Million |
INR 0.100
Million |
INR 0.123
Million |
|
31-03-05 |
902741415 |
Endowment policy |
INR 0.007
Million |
INR 0.100 Million
|
INR 0.109
Million |
|
31-03-05 |
902741416 |
Endowment policy |
INR 0.006
Million |
INR 0.100
Million |
INR 0.097
Million |
|
31-03-05 |
902741417 |
Endowment policy |
INR 0.006
Million |
INR 0.100
Million |
INR 0.088
Million |
|
31-03-05 |
902741418 |
Endowment policy |
INR 0.006
Million |
INR 0.100
Million |
INR 0.088
Million |
|
31-03-05 |
902741419 |
Endowment policy |
INR 0.005
Million |
INR 0.100
Million |
INR 0.076
Million |
|
31-03-05 |
902741420 |
Endowment policy |
INR 0.005
Million |
INR 0.100
Million |
INR 0.070
Million |
|
31-03-05 |
902741421 |
Endowment policy |
INR 0.005
Million |
INR 0.100
Million |
INR 0.065
Million |
|
31-03-05 |
902741422 |
Endowment policy |
INR 0.004
Million |
INR 0.100
Million |
INR 0.059
Million |
|
31-03-05 |
902741423 |
Endowment Policy |
INR 0.004
Million |
INR 0.100
Million |
INR 0.054
Million |
|
28-02-17 |
19046079 |
10 Years |
INR 0.100
Million |
INR 1.000
Million |
--- |
|
TOTAL |
INR 0.829 Million |
||||
|
TOTAL ASSETS |
TOTAL LIABILITIES |
NET WORTH |
|
|
|
|
|
INR 1.179 Million |
INR 0.000 Million |
INR 1.179 Million |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
THE BIG E. THE RETAIL ARM OF EGO
THE Big E caters to all your needs when it comes to wooden flooring solutions. It thrives on its vast collections and liaisons. The store is in tune with the latest trends and handpicks its products to deliver the best. The brand representative are well trained to understand your requirement. THE Big E believes in customization because they want your floors to be a canvas and it looks forward to happy customers.
FOUNDERS -THE BIG E
Steered by Passion, an entreprenuer by choice, with an eye of a tiger, Roshan Bisani has surely taken the Wooden Flooring industry to an altogether different platform in India.
He has grown the wood floor market in India consistently by introducing the best international brands and latest trends.
Roshan has a unique business model and a robust channel network which has made the brand a national player. His aggressive marketing strategies have made him a leader in the Wood floor Industry.
MRS. SWETA BISANI
(PROPRIETOR)
THE BIG E RETAIL
With an eye for detail, perfection in everything she takes up and having closely worked with Roshan and the Ego team for the past 10 years, Sweta decided that she now is ready for bigger challenges and thus THE BIG E RETAIL. Her 1st venture founded in Sep’2017, will cater to the retail business of wood floors in Mumbai.
Sweta’s promises to offer a range of wood floors from across the globe handpicked from various Italian companies to offer every customer an unexplored pallate in wood floors.
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any
of its beneficial owners, controlling shareholders or senior officers as
terrorist or terrorist organization or whom notice had been received that all
financial transactions involving their assets have been blocked or convicted,
found guilty or against whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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.