|
|
|
MIRA INFORM REPORT
|
Report No. : |
491320 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LAL BABA SEAMLESS TUBES PRIVATE LIMITED (w. e. f.19.01.2007) |
|
|
|
|
Formerly Known
As : |
LALBABA
STEEL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13A, |
|
Tel. No.: |
91-33-22310770/ 5111/ 40080579 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.11.2017 [Provisional] |
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|
|
|
Date of
Incorporation : |
26.06.2006 |
|
|
|
|
Com. Reg. No.: |
21-110060 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 350.753 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310WB2006PTC110060 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GST No.: |
19AABCL2668M1ZO |
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|
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TIN No.: |
19491042067 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCL2668M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of Seamless Tubes and Pipes. [Registered Activity and also Confirmed by Management] |
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|
|
|
No. of Employees
: |
280 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 2006. The company is a manufacturer of seamless tubes and pipes. It is also an exporter of seamless tubes. As per the financial records of 2017, the company has achieved a favourable growth of 22.83% in its revenue as compared to the previous year’s revenue and has reported an average profitability margin of 4.15%. The company possesses moderate financial profile marked by negative reserve base along with modest liquidity position. Furthermore, the subject’s customer (Paharpur Cooling Towers Limited) has given positive feedback and is satisfied with the subject’s product quality and delivery behaviour. Supplier (Rashtriya Ispat Nigam Limited) has also given positive feedback and is satisfied with the subject’s payment behaviour. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. NOTE: Site visit was conducted at the address which you have provided and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Asit Kumar Roy (Senior Manager- Banking Department) and he confirmed the subject’s existence on the given address. As per our executive’s observation, it is a 2 storey building and subject is situated on the 2nd floor of the building. Location was easy to find. Locality appears to be commercial. Area seems to be upmarket. Area of premises is 2000 (sq. ft.). Name board of the subject was sighted at the given address. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = B- |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk. |
|
Date |
26.05.2017 |
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 14.02.2018.
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. Asit Kumar Roy |
|
Designation : |
Senior Manager Banking Department |
|
Contact No.: |
91-9231861927 |
|
Date : |
12.02.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
13A, Government Place (East), 2nd Floor, Kolkata – 700069,
West Bengal, India |
|
Tel. No.: |
91-33-22310770/ 5111/ 40080579 |
|
Mobile No.: |
91-9231861927 [Mr. Asit Kumar Roy] 91-9231437928 [Mr. Rarafdar] |
|
Fax No.: |
91-33-22310771 |
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E-Mail : |
|
|
Website : |
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|
Area: |
2000 Sq. Ft. |
|
Location: |
Rented |
|
Locality: |
Commercial [As per site visit] |
|
|
|
|
Mumbai Office : |
201/B, Nirma Plaza, Makwana Road, Marol Naka, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40156448 |
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|
|
|
Plant : |
Kashberia, Bardhanyaghata, Debhog Midnapore (East), Haldia – 721657, West Bengal, India |
|
Area: |
691200 Sq. Ft. |
|
Location: |
Rented |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Kishan Kumar Dhanuka |
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Designation : |
Director |
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Address : |
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||||||||||||||||||||||||||||
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Date of Birth/Age : |
25.10.1968 |
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Qualification : |
B.COM |
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Date of Appointment : |
28.11.2006 |
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PAN No.: |
ADNPD8851C |
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DIN No.: |
00569035 |
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Aadhar No.: |
722935615546 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Dhanuka |
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Designation : |
Director |
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Address : |
CK/280, Sector-ll, Bidhannagar, Salt Lake, Kolkata- 700091, West
Bengal, India |
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Date of Birth/Age : |
15.01.1970 |
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Qualification : |
B.COM, CA, CS |
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Date of Appointment : |
28.11.2006 |
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PAN No.: |
ADOPD5851B |
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DIN No.: |
00569195 |
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Aadhar No.: |
382328303590 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Murari Lal Dhanuka |
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Designation : |
Director |
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|
Address : |
P-19 Dalim Talla Lane, Kolkata – 700006, West Bengal, India |
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Date of Birth/Age : |
05.01.1942 |
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Qualification : |
B.COM |
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Date of Appointment : |
26.06.2006 |
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PAN No.: |
AEGPD7065L |
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DIN No.: |
00569306 |
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Aadhar No.: |
722935615546 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Asit Kumar Roy |
|
Designation : |
Senior Manager Banking Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDERS DETAILS FILE ATTACHED
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
7.25 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
7.48 |
|
Public/Other than promoters (Body corporate) |
85.27 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Seamless Tubes and Pipes. [Registered Activity and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· European Countries · USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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||||
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Selling : |
Cash and L/C |
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Purchasing : |
Cash and L/C |
PRODUCTION STATUS:
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
No.
of Shifts |
|
Seamless Tubes and Pipes |
-- |
2000 MTPA |
1500 MTPA |
2 |
GENERAL INFORMATION
|
Suppliers : |
· Bhushan Steel and Power Limited · Usha Martin Limited |
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|
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Customers : |
Manufacturer
· IOCL, BHEL · Railways, Sail · Europe Country (France, USA) |
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|
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No. of Employees : |
280 [Approximately] |
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|
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Bankers : |
· Oriental Bank of Commerce Park Street Branch, 107/1, Park Street (1st Floor), Kolkata - 700016, West Bengal, India |
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|
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Facilities : |
|
|
Financial Institution: |
· West Bengal Industrial Development Corporation Limited 5 Council House St., Kolkata - 700001, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Surana Naveen Vikash and Company Chartered Accountants |
|
Address : |
P- 11, New Howrah Bridge, Approach Road, Kolkata -700001, West Bengal., India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAQFS6728P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their
relatives : |
· PEW Engineering Private Limited, India · NF Forgings Private Limited, India · Macedon Vinimay Private Limited, India · Lal Baba Industrial Corporation Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.11.2017 [PROVISIONAL]
|
Capital Account |
INR in Million |
|
Share application |
|
|
Reserves and surplus |
(86.630) |
|
Deferred tax liability |
5.141 |
|
Equity share capital |
386.342 |
|
Preference share capital |
45.900 |
|
|
-------------- |
|
Total |
350.753 |
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43000000 |
Equity Shares |
INR 10/- each |
INR 430.000 Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 480.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38634200 |
Equity Shares |
INR 10/- each |
INR 386.342
Million |
|
4590000 |
Preference Shares |
INR 10/- each |
INR 45.900
Million |
|
|
|
|
|
|
|
Total |
|
INR 432.242
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
30.11.2017 [Provisional] [8
Months] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
350.753 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] (Accumulated Losses) |
|
|
26.873 |
|
|
NETWORTH |
|
|
377.626 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
249.454 |
|
|
2] Unsecured Loans |
|
|
215.353 |
|
|
TOTAL BORROWING |
|
|
464.807 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
842.433 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
439.911 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
16.588 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
258.352
|
|
|
Sundry Debtors |
|
|
359.165
|
|
|
Cash & Bank Balances |
|
|
0.758
|
|
|
Other Current Assets |
|
|
2.196
|
|
|
Loans & Advances |
|
|
50.462
|
|
Total
Current Assets |
|
|
670.933
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
270.128
|
|
|
Other Current Liabilities |
|
|
14.262
|
|
|
Provisions |
|
|
0.609
|
|
Total
Current Liabilities |
|
|
284.999
|
|
|
Net Current Assets |
|
|
385.934
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
842.433 |
|
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
432.242 |
432.242 |
422.252 |
|
(b) Reserves & Surplus |
(86.630) |
(119.197) |
(93.903) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
345.612 |
313.045 |
328.349 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
264.816 |
265.596 |
225.075 |
|
(b) Deferred tax liabilities (Net) |
5.141 |
3.173 |
0.141 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
269.957 |
268.769 |
225.216 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
140.330 |
146.089 |
168.062 |
|
(b)
Trade payables |
262.708 |
114.381 |
87.690 |
|
(c)
Other current liabilities |
41.657 |
53.702 |
74.092 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
444.695 |
314.172 |
329.844 |
|
|
|
|
|
|
TOTAL |
1060.264 |
895.986 |
883.409 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
436.204 |
450.009 |
461.952 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
9.885 |
11.870 |
17.838 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
10.643 |
3.293 |
2.739 |
|
Total
Non-Current Assets |
456.732 |
465.172 |
482.529 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
205.866 |
134.208 |
220.474 |
|
(c)
Trade receivables |
317.597 |
232.195 |
124.858 |
|
(d)
Cash and cash equivalents |
0.953 |
2.219 |
0.556 |
|
(e)
Short-term loans and advances |
36.833 |
30.017 |
28.968 |
|
(f)
Other current assets |
42.283 |
32.175 |
26.024 |
|
Total
Current Assets |
603.532 |
430.814 |
400.880 |
|
|
|
|
|
|
TOTAL |
1060.264 |
895.986 |
883.409 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
30.11.2017 [Provisional] [8
Months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
608.325 |
|
|
|
Other Income |
|
|
7.007 |
|
|
|
TOTAL |
|
|
615.332 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
400.284 |
|
|
|
Direct expenses |
|
|
120.053 |
|
|
|
Indirect expenses |
|
|
48.426 |
|
|
|
TOTAL |
|
|
568.763 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
INTEREST, DEPRECIATION AND
AMORTISATION |
|
|
46.569 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
19.690 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE DEPRECIATION AND AMORTISATION |
|
|
26.879 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
26.879 |
|
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
784.251 |
638.506 |
606.301 |
|
|
|
Other Income |
28.799 |
9.192 |
35.615 |
|
|
|
TOTAL |
813.050 |
647.698 |
641.916 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
605.843 |
364.108 |
498.687 |
|
|
|
Purchases of Stock-in-Trade |
4.289 |
2.658 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(85.338) |
94.179 |
(67.530) |
|
|
|
Employees benefits expense |
24.808 |
17.709 |
19.028 |
|
|
|
Other expenses |
166.087 |
115.667 |
116.090 |
|
|
|
TOTAL |
715.689 |
594.321 |
566.275 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
97.361 |
53.377 |
75.641 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
37.436 |
50.756 |
49.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
59.925 |
2.621 |
26.189 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.390 |
24.883 |
24.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
34.535 |
(22.262) |
1.511 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.969 |
3.032 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
32.566 |
(25.294) |
1.511 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
NA |
20.056 |
171.620 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
93.869 |
85.473 |
70.021 |
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
1.19 |
(1.50) |
0.04 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
30.11.2017 [Provisional] [8
Months] |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
|
|
|
0.000 |
|
|
|
OBC |
|
0.000 |
11.040 |
|
|
Car term loan |
|
0.081 |
0.073 |
|
|
Total |
NA |
0.081 |
15.447 |
47.983 |
|
|
|
|
|
|
|
Cash generated from operations |
NA |
61.342 |
32.043 |
53.701 |
|
|
|
|
|
|
|
Net Cash flow from Operating Activities |
NA |
61.342 |
32.043 |
(58.412) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
30.11.2017 [Provisional] [8
Months] |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
215.50 |
147.81 |
132.73 |
75.17 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.69 |
2.47 |
2.75 |
4.86 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
246.32 |
157.16 |
113.83 |
64.18 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.47 |
0.40 |
0.34 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.11 |
0.22 |
0.12 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
30.11.2017 [Provisional] [8
Months] |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.67 |
0.66 |
0.68 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.23 |
1.17 |
1.36 |
1.34 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.32 |
1.29 |
1.00 |
1.00 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.16 |
1.26 |
1.44 |
1.41 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.37 |
2.60 |
1.05 |
1.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
30.11.2017 [Provisional] [8
Months] |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.42 |
4.15 |
(3.96) |
0.25 |
|
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.38 |
3.07 |
(2.82) |
0.17 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.12 |
9.42 |
(8.08) |
0.46 |
SOLVENCY RATIOS
|
PARTICULARS |
30.11.2017 [Provisional] [8
Months] |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.36 |
1.37 |
1.22 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.89 |
0.94 |
0.55 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.33 |
0.35 |
0.37 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.33 |
0.94 |
0.99 |
1.04 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.36 |
1.37 |
1.22 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
422.252 |
432.242 |
432.242 |
|
Reserves & Surplus |
(93.903) |
(119.197) |
(86.630) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
328.349 |
313.045 |
345.612 |
|
|
|
|
|
|
long-term borrowings |
225.075 |
265.596 |
264.816 |
|
Short term borrowings |
168.062 |
146.089 |
140.330 |
|
Current Maturities of Long
term debt |
47.983 |
15.447 |
0.081 |
|
Total
borrowings |
441.120 |
427.132 |
405.227 |
|
Debt/Equity
ratio |
1.343 |
1.364 |
1.172 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
606.301 |
638.506 |
784.251 |
|
|
|
5.312 |
22.826 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
606.301 |
638.506 |
784.251 |
|
Profit/(Loss) |
1.511 |
(25.294) |
32.566 |
|
|
0.25% |
(3.96%) |
4.15% |
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) |
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 |
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 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 |
Yes |
|
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 : |
LAL BABA SEAMLESS TUBES PRIVATE LIMITED |
|
|
|
|
Address : |
13A, Government Place (East), 2nd Floor, Kolkata – 700069,
West Bengal, India |
|
|
|
|
Person to whom we met: |
Mr. Asit Kumar Roy [Senior
Manager Banking Department] |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near The Great Eastern Hotel |
|
|
|
|
Total Floors of the Building : |
2 Floors |
|
|
|
|
Subject situated on: |
2nd Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises: |
2000 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From inter corporates |
264.759 |
265.458 |
|
|
|
|
|
Total |
264.759 |
265.458 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(INR IN MILLION)
|
Sr. No. |
PARTICULARS |
OPERATING YEARS |
|
|
|
|
2018 Estimated |
2019 Projected |
|
|
No. of months |
12 |
12 |
|
|
|
|
|
|
|
|
|
|
|
1 |
Gross Sale |
|
|
|
|
i. Domestic Sales
(Existing) |
875.000 |
950.000 |
|
|
Domestic Sales
(Proposed) |
--- |
--- |
|
|
|
|
|
|
|
ii. Export Sale |
125.000 |
150.000 |
|
|
|
|
|
|
|
Total |
1000.000 |
1100.000 |
|
|
|
|
|
|
2 |
Less : Excise
Duty |
92.500 |
100.000 |
|
|
|
|
|
|
3 |
Net Sales (1-2) |
907.500 |
1000.000 |
|
|
|
|
|
|
4 |
% age rise (+) or
fall (-) in Net Sales as compared to previous year (annualized) |
1.1572 |
1.1019 |
|
|
|
|
|
|
5. |
Cost of Sales |
|
|
|
|
i)Raw Material Consumed (incl. stores and
other items used in process of mfg.) |
592.500 |
670.000 |
|
|
a) Imported |
--- |
--- |
|
|
|
|
|
|
|
b) Indigeneous |
592.500 |
670.000 |
|
|
|
|
|
|
|
ii) Other spares |
27.000 |
30.000 |
|
|
|
|
|
|
|
a) Imported |
--- |
--- |
|
|
|
|
|
|
|
b) Indigeneous |
27.000 |
30.000 |
|
|
|
|
|
|
|
iii) Power &
Fuel |
74.340 |
78.057 |
|
|
|
|
|
|
|
iv) Direct labour (factory wages &
Salaries) |
49.890 |
52.384 |
|
|
|
|
|
|
|
v) Other manufacturing expenses |
48.559 |
50.987 |
|
|
|
|
|
|
|
vi) Depreciation |
25.800 |
26.000 |
|
|
|
|
|
|
|
vii) SUB-TOTAL |
818.089 |
907.428 |
|
|
|
|
|
|
|
viii) Add : Opening stock-in-process |
144.176 |
150.000 |
|
|
|
|
|
|
|
Sub-Total |
962.265 |
1057.428 |
|
|
|
|
|
|
|
ix) Deduct : Closing stock-in-process |
150.000 |
160.000 |
|
|
|
|
|
|
|
x) Cost of Production |
812.265 |
897.428 |
|
|
|
|
|
|
|
xi) Add : Opening stock of finished goods |
32.862 |
35.000 |
|
|
|
|
|
|
|
Sub-Total |
845.127 |
932.428 |
|
|
|
|
|
|
|
xii) Less : Closing stock of finished goods |
35.000 |
40.000 |
|
|
|
|
|
|
|
xiii) Sub Total Cost of Sales |
810.127 |
892.428 |
|
|
|
|
|
|
6 |
Selling, general and Administrative
Expenses |
31.000 |
34.500 |
|
|
|
|
|
|
7 |
SUB TOTAL [5+6] |
841.127 |
926.928 |
|
|
|
|
|
|
8 |
Operating profit before interest [3-7] |
66.373 |
73.072 |
|
|
|
|
|
|
9 |
(i) Interest on CC and PC Loan |
20.000 |
20.000 |
|
|
|
|
|
|
|
(ii) Interest on
T/ Loan (prop) |
--- |
--- |
|
|
|
|
|
|
|
(iii) Int. on Car
Loan (prop) |
0.106 |
0.100 |
|
|
|
|
|
|
|
(iv) Interest on Unsecured
Loan |
14.500 |
14.500 |
|
|
|
|
|
|
|
(v) Interest on
Others |
3.100 |
3.100 |
|
|
|
|
|
|
|
Total interest |
37.706 |
37.700 |
|
|
|
|
|
|
10 |
Operating profit after interest (8-9) |
28.667 |
35.372 |
|
|
|
|
|
|
11 |
i) Add : Other
non-operating income |
|
|
|
|
a. Sale of Fixed Assets |
--- |
--- |
|
|
|
|
|
|
|
b. Others |
--- |
--- |
|
|
|
|
|
|
|
c. Interest on Fixed Deposit |
2.500 |
3.000 |
|
|
|
|
|
|
|
d. Misc Receipt (incl. Incentives and others) |
13.500 |
16.000 |
|
|
|
|
|
|
|
Sub Total Income |
16.000 |
19.000 |
|
|
|
|
|
|
|
ii) Deduct other
non-operating expenses |
|
|
|
|
a. Miscellanous Expenses |
--- |
--- |
|
|
|
|
|
|
|
b. Preliminary Expenses |
--- |
--- |
|
|
|
|
|
|
|
c. Direct Expenses for Capital goods |
--- |
--- |
|
|
|
|
|
|
|
d. |
--- |
--- |
|
|
|
|
|
|
|
Sub-Total
(expenses) |
--- |
--- |
|
|
|
|
|
|
|
iii) Net of other non-operating
income/expenses (net of 11(I) & (ii)) |
16.000 |
19.000 |
|
|
|
|
|
|
12 |
Profit before tax /
loss [10+11(iii)] |
44.667 |
54.372 |
|
|
|
|
|
|
13 |
a) Provision for taxation |
--- |
0.378 |
|
|
|
|
|
|
|
b) Deferred Tax
Liability (-)/ Assets (+) |
--- |
--- |
|
|
|
|
|
|
14 |
Net profit / loss
[12-13] |
44.667 |
53.994 |
|
|
|
|
|
|
15 |
a) Equity dividend Paid Amount (Already paid + B.S. Provision) |
0.00% |
0.00% |
|
|
|
|
|
|
|
b) Dividend rate (% age) |
--- |
--- |
|
|
|
|
|
|
|
c) Other
Appropriation |
--- |
--- |
|
|
|
|
|
|
16 |
Retained profit [14-15] |
44.667 |
53.994 |
|
|
|
|
|
|
17 |
Retained profit / Net profit (% age) |
100.00 |
100.00 |
|
|
|
|
|
|
|
Cash Accruals |
70.467 |
79.994 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
|
2018 Estimated |
2019 Projected |
|
|
CURRENT LIABILITIES |
|
|
|
1 |
Short-term borrowing from banks (incl. bill
purchased, discounted & excess borrowing placed on repayment basis |
|
|
|
|
I) From applicant bank |
135.000 |
135.000 |
|
|
|
|
|
|
|
ii) From other banks |
30.000 |
30.000 |
|
|
|
|
|
|
|
iii) (of which BP and BD) |
--- |
--- |
|
|
|
|
|
|
|
Sub Total (A) |
165.000 |
165.000 |
|
|
|
|
|
|
2 |
Short-term borrowing from
others |
--- |
--- |
|
|
|
|
|
|
3 |
Sundry creditors (Trade) |
160.000 |
170.000 |
|
|
|
|
|
|
|
Sundry creditors (LC/DA) |
30.000 |
32.500 |
|
|
|
|
|
|
|
Sundry creditors for Goods and Other
expenses |
10.000 |
11.000 |
|
|
|
|
|
|
4 |
Advance payment from customers/ Deposits from
Dealers |
20.000 |
16.500 |
|
|
|
|
|
|
5 |
Provision for taxation |
--- |
--- |
|
|
|
|
|
|
6 |
Dividend payable |
--- |
--- |
|
|
|
|
|
|
7 |
Other statutory liabilities (due within 1
yr) |
16.000 |
12.500 |
|
|
|
|
|
|
8 |
Instalments of term loans (due within 1
year) Business Loan |
0.204 |
0.272 |
|
|
|
|
|
|
9 |
Other current liabilities and provisions
(due within 1 year)- specify major items |
5.000 |
4.000 |
|
|
|
|
|
|
|
Sub Total (B) |
241.204 |
246.772 |
|
|
|
|
|
|
10 |
Total Current Liabilities |
406.204 |
411.772 |
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
11 |
Debentures (not maturing within one year) |
--- |
--- |
|
|
|
|
|
|
12 |
Redeemable preference share (redeemaable
after one year) |
45.900 |
45.900 |
|
|
|
|
|
|
13 |
Term Loans (excl.
installments within 1 yr.) |
--- |
--- |
|
|
|
|
|
|
14 |
Deferred Credits/ HP (excl. installments
due within 1 year) |
1.151 |
0.879 |
|
|
|
|
|
|
15 |
Term Deposits (repayable after 1 year) |
--- |
--- |
|
|
|
|
|
|
16 |
Other term liabilities – (Unsecured Loans) |
235.000 |
235.000 |
|
|
|
|
|
|
17 |
TOTAL TERM LIABILITIES |
282.051 |
281.779 |
|
|
|
|
|
|
18 |
TOTAL OUTSIDE LIABILITIES (Item 10+17) |
688.255 |
693.551 |
|
|
|
|
|
|
|
NET WORTH |
|
|
|
19 |
Ordinary Share Capital |
386.342 |
386.342 |
|
|
|
|
|
|
20 |
General reserve |
--- |
--- |
|
|
|
|
|
|
21 |
Revaluation
Reserve |
--- |
--- |
|
|
|
|
|
|
22 |
Other Reserve (including provisions) |
--- |
--- |
|
|
|
|
|
|
23 |
Surplus (+) or deficit (-) in P&L a/c |
(93.098) |
(39.104) |
|
|
|
|
|
|
23.a. |
Share Application Money |
--- |
--- |
|
|
|
|
|
|
b. |
Share Premium Account |
51.648 |
51.648 |
|
|
|
|
|
|
c. |
Deferred Tax Liability |
3.173 |
3.173 |
|
|
|
|
|
|
d. |
Others |
(0.514) |
(0.514) |
|
|
|
|
|
|
e. |
Preference Share capital |
--- |
--- |
|
|
|
|
|
|
24 |
NET WORTH |
347.551 |
401.545 |
|
|
|
|
|
|
25 |
TOTAL LIABILITIES (18+24) |
1035.806 |
1095.096 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
26 |
Cash & Bank Balances |
1.403 |
3.193 |
|
|
|
|
|
|
27 |
Investments (except
long term investment) |
|
|
|
|
i) Govt. & other trustee securities |
--- |
--- |
|
|
|
|
|
|
|
ii) Fixed Deposits with banks |
25.000 |
30.000 |
|
|
|
|
|
|
28 |
i) Receivables other than deferred &
exports |
267.500 |
280.000 |
|
|
|
|
|
|
|
ii) Export receivables (incl. B/P
/discounted Bank) |
2.000 |
3.000 |
|
|
|
|
|
|
29 |
Installment of deferred receivables (due
within 1 year) |
--- |
--- |
|
|
|
|
|
|
30 |
Inventory |
|
|
|
|
i) Raw materials (incl. stores & other
items) |
|
|
|
|
a) Imported |
--- |
--- |
|
|
|
|
|
|
|
b) Indigenous |
32.500 |
37.500 |
|
|
|
|
|
|
|
ii) Stock-in-process |
150.000 |
160.000 |
|
|
|
|
|
|
|
iii) Finished Goods |
35.000 |
40.000 |
|
|
|
|
|
|
|
iv) Other consumables stores & spares |
|
|
|
|
a) Imported |
0.000 |
0.000 |
|
|
|
|
|
|
|
b) Indigenous |
0.000 |
0.000 |
|
|
|
|
|
|
31 |
Advance to suppliers of RM and stores/
spares |
45.000 |
55.000 |
|
|
|
|
|
|
32 |
Advance payment of taxes |
0.000 |
0.000 |
|
|
|
|
|
|
33 |
Other current assets (Specify major items) |
|
|
|
|
a) Subsidy receivable/ Incentives |
32.500 |
45.000 |
|
|
|
|
|
|
|
b) Others |
2.500 |
4.000 |
|
|
|
|
|
|
|
c) Export Incentive receivable |
0.000 |
0.000 |
|
|
|
|
|
|
|
d) Revenue Authority |
5.000 |
7.500 |
|
|
|
|
|
|
34 |
TOTAL CURRENT ASSETS |
598.403 |
665.193 |
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
35 |
Gross block (land & building,machinery,
work-in-progress |
575.235 |
590.235 |
|
|
|
|
|
|
36 |
Depreciation to Date |
164.832 |
190.832 |
|
|
|
|
|
|
37 |
Net Block [35-36] |
410.403 |
399.403 |
|
|
|
|
|
|
|
NON CURRENT ASSETS |
|
|
|
38 |
Investments / book-debts
/ advance/ deposits |
|
|
|
|
i) a) Investments in subsidiary etc |
0.000 |
0.000 |
|
|
|
|
|
|
|
b)
Others |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii) Advance to suppliers of capital goods |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) Deferred receivables (maturing ex. 6
months) |
15.000 |
13.500 |
|
|
|
|
|
|
|
iv) Others (specify deposit) |
12.000 |
17.000 |
|
|
|
|
|
|
39 |
non consuamable spares |
0.000 |
0.000 |
|
|
|
|
|
|
40 |
Other non-current assets |
0.000 |
0.000 |
|
|
|
|
|
|
41 |
TOTAL (of 38 to 40) |
27.000 |
30.500 |
|
|
|
|
|
|
42 |
Intangible assets (Patents, Goodwill) |
0.000 |
0.000 |
|
|
|
|
|
|
43 |
TOTAL ASSETS (34+37+41+42) |
1035.806 |
1095.096 |
|
|
|
|
|
|
44 |
TANGIBLE NET WORTH (24-42) |
347.551 |
401.545 |
|
|
|
|
|
|
45 |
NET WORKING CAPITAL [(17+24)-(37+41+42)] |
192.199 |
253.421 |
|
|
|
|
|
|
46 |
CURRENT RATIO [Items 34/10] |
1.47 |
1.62 |
|
|
|
|
|
|
47 |
Total Outside Liabilities/ Tangible Net
worth (18/44) |
1.98 |
1.73 |
|
|
|
|
|
|
48 |
Total Term Liabilities/ Tangible Net worth
(17/44) |
0.81 |
0.70 |
|
|
|
|
|
|
49 |
Tangible Net Worth (24-21-42) |
347.551 |
401.545 |
|
|
|
|
|
|
50 |
Total Outside Liabilities/ TNW |
1.98 |
1.73 |
|
|
|
|
|
|
51 |
Total Term Liabilities/ TNW |
0.81 |
0.70 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
2018 Estimated |
2019 Projected |
|
1 Sources |
|
|
|
|
|
|
|
a) Net Profit
After Tax |
44.667 |
53.994 |
|
|
|
|
|
b) Depreciation and Adj |
25.800 |
26.000 |
|
|
|
|
|
c) Increase in Capital
and other contribution |
--- |
--- |
|
|
|
|
|
d) Increase in
Term Liabilities including Public Deposits |
17.235 |
--- |
|
|
|
|
|
e) Decrease in |
|
|
|
i) Fixed Assets
Depreciation Adjustment |
--- |
--- |
|
|
|
|
|
ii) Other
Non-Current Assets |
--- |
--- |
|
|
|
|
|
f) Others (prel
exp) and Def Tax |
(1.969) |
(45.900) |
|
|
|
|
|
g) Total |
85.733 |
34.094 |
|
|
|
|
|
2 Uses |
|
|
|
a) Net Loss |
--- |
--- |
|
|
|
|
|
b) Decrease in
Term Liabilities Including Public Deposits |
--- |
0.272 |
|
|
|
|
|
c) Increase in |
|
|
|
Fixed Assets |
--- |
15.000 |
|
|
|
|
|
Other Non-Current
Assets |
--- |
3.500 |
|
|
|
|
|
d) Dividend
Payments |
--- |
--- |
|
|
|
|
|
e) Depreciation
adj from revaluation reserve
|
--- |
--- |
|
|
|
|
|
f) Others |
--- |
--- |
|
|
|
|
|
g) Total |
--- |
18.772 |
|
|
|
|
|
3 Long Term Surplus / Deficit |
85.733 |
15.322 |
|
|
|
|
|
4 Increase / Decrease in Current Assets |
18.792 |
66.790 |
|
|
|
|
|
5 Increase / Decrease in Current Liabilities (other than
Bank borrowings) |
(63.161) |
5.568 |
|
|
|
|
|
6 Increase / Decrease in Working Capital
Gap |
82.157 |
61.290 |
|
|
|
|
|
7 Net Surplus (+) / Deficit
(-) |
3.576 |
(45.968) |
|
|
|
|
|
8 Increase / Decrease in Bank Borrowings |
24.670 |
--- |
|
|
|
|
|
Total |
28.246 |
(45.968) |
|
|
|
|
|
INCREASE / DECREASE IN NET
SALES |
123.249 |
92.500 |
|
|
|
|
|
Break-Up of (4) |
|
|
|
i) Increase / Decrease in Raw Materials |
3.672 |
5.000 |
|
|
|
|
|
ii) Increase / Decrease in Stocks in
Process |
5.824 |
10.000 |
|
|
|
|
|
iii) Increase / Decrease in Finished Goods |
2.138 |
5.000 |
|
|
|
|
|
iv) Increase / Decrease in Receivables |
|
|
|
(a) Domestic |
(8.318) |
12.500 |
|
|
|
|
|
(b) Exports |
(5.972) |
1.000 |
|
|
|
|
|
v) Increase /
Decrease in Stores and Spares |
--- |
--- |
|
|
|
|
|
vi) Increase /
Decrease in Other Current Assets
|
21.448 |
33.290 |
|
|
|
|
|
TOTAL |
18.792 |
66.790 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS
AND CURRENT LIABILITIES
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
|
2018 Estimated |
2019 Projected |
|
A |
CURRENT ASSETS |
|
|
|
1 |
Raw materials (incl. stores & other
items) |
|
|
|
|
a) Imported |
|
|
|
|
Amount |
0.000 |
0.000 |
|
|
|
|
|
|
|
Month's consumption |
0.00 |
0.00 |
|
|
|
|
|
|
|
b) Indigenous |
|
|
|
|
Amount |
32.500 |
37.500 |
|
|
|
|
|
|
|
Month's consumption |
0.66 |
0.67 |
|
|
|
|
|
|
2 |
Other consumables spares |
|
|
|
|
a) Imported |
|
|
|
|
|
|
|
|
|
Amount |
0.000 |
0.000 |
|
|
|
|
|
|
|
Month's consumption |
0.00 |
0.00 |
|
|
|
|
|
|
|
b) Indigenous |
|
|
|
|
Amount |
0.000 |
0.000 |
|
|
|
|
|
|
|
Month's consumption |
0.00 |
0.00 |
|
|
|
|
|
|
3 |
Stock-in-process |
|
|
|
|
Amount |
150.000 |
160.000 |
|
|
|
|
|
|
|
Month's cost of production |
2.22 |
2.14 |
|
|
|
|
|
|
4 |
Finished Goods |
|
|
|
|
Amount |
35.000 |
40.000 |
|
|
|
|
|
|
|
Month's cost of sales (days) |
0.52 |
0.54 |
|
|
|
|
|
|
5 |
Receivables other than exports and deferred
receivables |
|
|
|
|
Amount |
267.500 |
280.000 |
|
|
|
|
|
|
|
Month's domestic sales |
3.67 |
3.54 |
|
|
|
|
|
|
6 |
Exports Receivables |
|
|
|
|
Amount |
2.000 |
3.000 |
|
|
|
|
|
|
|
Month's Export sales |
0.19 |
0.24 |
|
|
|
|
|
|
7 |
Advance to suppliers of Matls and Stores
etc |
45.000 |
55.000 |
|
|
|
|
|
|
8 |
Other current assets incl Cash and Bank
Balances and Def receivables |
66.403 |
89.693 |
|
|
|
|
|
|
9 |
TOTAL CURRENT ASSETS |
598.403 |
665.193 |
|
|
|
|
|
|
B |
CURRENT LIABILITIES (OTHER THAN BANK BORROWINGS FOR WORKING
CAPITAL) |
|
|
|
10 |
Creditors for purchase of raw material etc |
|
|
|
|
a) Imported |
|
|
|
|
|
|
|
|
|
Amount |
0.000 |
0.000 |
|
|
|
|
|
|
|
Month's consumption |
0.00 |
0.00 |
|
|
|
|
|
|
|
b) Indigenous |
|
|
|
|
Amount |
160.000 |
170.000 |
|
|
|
|
|
|
|
Month's of Purchases (days) |
3.24 |
3.04 |
|
|
|
|
|
|
11 |
Advance from customers |
20.000 |
16.500 |
|
|
|
|
|
|
12 |
Statutory liabilities |
16.000 |
12.500 |
|
|
|
|
|
|
13 |
Other current liabilities |
|
|
|
|
a) S.T. Borrowings Others |
0.000 |
0.000 |
|
|
|
|
|
|
|
b) Dividend Payable |
0.000 |
0.000 |
|
|
|
|
|
|
|
c) Installments of TL.DPG and Public
Deposits |
0.204 |
0.272 |
|
|
|
|
|
|
|
d) Other Current Liabilities |
5.000 |
4.000 |
|
|
|
|
|
|
14 |
TOTAL CURRENT LIABILITIES |
201.204 |
203.272 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
|
2018 Estimated |
2019 Projected |
|
|
FIRST
METHOD OF LENDING |
|
|
|
1 |
Total Current Assets |
598.403 |
665.193 |
|
|
|
|
|
|
2 |
Total Current Liabilities (other than bank
borrowing) |
241.000 |
246.500 |
|
|
|
|
|
|
3 |
Working Capital Gap |
357.403 |
418.693 |
|
|
|
|
|
|
4 |
Minimum stipulated NWC ie 25% of WCG
(Export receivables to be excluded) |
86.851 |
103.923 |
|
|
|
|
|
|
5 |
Actual / projected NWC |
192.199 |
253.421 |
|
|
|
|
|
|
6 |
Item 3 minus Item 4 |
270.552 |
314.770 |
|
|
|
|
|
|
7 |
Item 3 minus Item 5 |
165.204 |
165.272 |
|
|
|
|
|
|
8 |
Max Permissible Bank Finance (Lower of 6 or
7) |
165.204 |
165.272 |
|
|
|
|
|
|
9 |
Excess borrowing representing shortfall in
NWC |
--- |
--- |
|
|
|
|
|
|
|
SECOND METHOD OF
LENDING |
|
|
|
1 |
Total Current Assets |
598.403 |
665.193 |
|
|
|
|
|
|
2 |
Total Current Liabilities (other than bank
borrowing) |
241.000 |
246.500 |
|
|
|
|
|
|
3 |
Working Capital Gap |
357.403 |
418.693 |
|
|
|
|
|
|
4 |
Minimum stipulated NWC ie 25% of total
current assets excld. Export Receivables |
147.101 |
162.548 |
|
|
|
|
|
|
5 |
Actual / projected NWC |
192.199 |
253.421 |
|
|
|
|
|
|
6 |
Item 3 minus Item 4 |
210.302 |
256.145 |
|
|
|
|
|
|
7 |
Item 3 minus Item 5 |
165.204 |
165.272 |
|
|
|
|
|
|
8 |
Max Permissible Bank Finance (Lower of 6 or
7) |
165.204 |
165.272 |
|
|
|
|
|
|
9 |
Excess borrowing representing shortfall in
NWC |
--- |
--- |
-----------------------------------------------------------------------------------------------------------------------------
FINANCIAL POSITION
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
2018 Estimated |
2019 Projected |
|
Paid up Capital |
386.342 |
386.342 |
|
|
|
|
|
Net Worth (Revaluation Reserve) |
347.551 |
401.545 |
|
|
|
|
|
Tangible Net Worth (excluding Revaluation
Reserve) |
347.551 |
401.545 |
|
|
|
|
|
Long Term Secured Loans |
236.151 |
235.879 |
|
|
|
|
|
Long Term Unsecured Loans |
--- |
--- |
|
|
|
|
|
Net Fixed Assets including Capital W-I-P |
410.403 |
399.403 |
|
|
|
|
|
Capital work-in-progress |
--- |
--- |
|
|
|
|
|
Non current assets |
27.000 |
30.500 |
|
|
|
|
|
Inventories |
67.500 |
77.500 |
|
|
|
|
|
Receivables |
--- |
--- |
|
|
|
|
|
a Export |
--- |
--- |
|
|
|
|
|
b Domestic |
267.500 |
280.000 |
|
|
|
|
|
Other current Assets |
71.403 |
88.193 |
|
|
|
|
|
Total Current Assets |
598.403 |
665.193 |
|
|
|
|
|
Current Liabilities |
241.204 |
246.772 |
|
|
|
|
|
Bank Borrowings |
165.000 |
165.000 |
|
|
|
|
|
Net Working Capital |
192.199 |
253.421 |
|
|
|
|
|
Current Ratio |
1.47 |
1.62 |
|
|
|
|
|
Debt-Equity Ratio- TOL/TNW |
1.17 |
1.03 |
|
|
|
|
|
Term Liability only |
--- |
--- |
|
|
|
|
|
Debt-Equity Ratio with unsecured loans as
Quasi Equity considering all outside liability |
1.17 |
1.03 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
MR. PANKAJ DHANUKA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
|
Income from salary |
|
|
|
Remuneration
from Xplore-tech services Private Limited |
|
4.200 |
|
Remuneration
from Macedon Vinimay Private Limited |
|
1.800 |
|
Remuneration
from NF-Forgings Private Limited |
|
0.300 |
|
Remuneration from
PEW Engineering Private Limited |
|
0.300 |
|
|
|
6.6 |
|
Income from House Property |
|
|
|
Rent received
|
|
|
|
Greenwood
premium, 6th \floor, R N. 604, Kaikhali, Kolkata - 159 |
0.060 |
|
|
Less:
Standard deduction @30% |
0.018 |
|
|
Income from
other sources |
------------ |
0.042 |
|
|
|
|
|
PPF interest |
0.067 |
|
|
Fully
exempted |
0.067 |
|
|
|
------------ |
0.000 |
|
|
|
|
|
Dividend |
0.064 |
|
|
Fully
exempted |
0.064 |
|
|
|
------------ |
0.000 |
|
Bank interest
|
|
0.039 |
|
|
|
------------ |
|
|
|
|
|
Gross Total Income |
|
6.681 |
|
|
|
|
|
Less:
Deduction u/s 80D |
|
0.025 |
|
|
|
------------ |
|
|
|
6.656 |
|
Less:
Deduction u/s 80C |
|
|
|
PPF |
0.100 |
|
|
Can HSBC OBC
LIC |
0.050 |
|
|
LIC |
0.051 |
|
|
|
0.201 |
|
|
|
------------ |
0.150 |
|
|
|
------------ |
|
Total Income |
|
6.506 |
|
Less:
Deduction u/s 80TTA |
|
0.010 |
|
|
|
------------ |
|
Taxable
income |
|
6.496 |
|
|
|
|
|
Tax on above |
|
1.774 |
|
Add: E.cess @
3% |
|
0.053 |
|
|
|
------------ |
|
|
|
1.827 |
|
Less: TDS |
|
1.804 |
|
|
|
------------ |
|
|
|
0.023 |
|
Add: Interest
u/s 234 C |
|
0.001 |
|
|
|
------------ |
|
|
|
0.024 |
|
|
|
------------ |
|
Less: Tax paid
u/s 140A |
|
0.024 |
|
|
|
------------ |
|
Balance refundable |
|
(0.000) |
BALANCE SHEET
(INR
IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital Account |
|
|
0.000 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
6.821 |
|
|
NETWORTH |
|
|
6.821 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
14.332 |
|
|
TOTAL BORROWING |
|
|
14.332 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.153 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
26.001 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9.501 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.538 |
|
|
Other Current Assets |
|
|
0.103 |
|
|
Loans & Advances |
|
|
2.014 |
|
Total
Current Assets |
|
|
2.655 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
17.004 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
17.004 |
|
|
Net Current Assets |
|
|
(14.349) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.153 |
|
PROFIT
& LOSS ACCOUNT
(INR
IN MILLION)
|
Expenditure |
31.03.2017 |
Income |
31.03.2017 |
|
Expenses |
|
Income |
|
|
Bank Charges |
0.006 |
Bank Interest |
0.039 |
|
Prof. Tax |
0.003 |
Dividend |
0.064 |
|
|
|
PPF Interest |
0.067 |
|
|
|
Remuneration From MVPL |
1.800 |
|
|
|
Remuneration From NF Forgings |
0.300 |
|
|
|
Remuneration from Pewengg |
0.300 |
|
|
|
Remuneration from Xplore-Tech |
4.200 |
|
|
|
Rent received |
0.060 |
|
Net Profit |
6.821 |
|
|
|
|
---------- |
|
---------- |
|
Total |
6.830 |
Total |
6.830 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
MR. KISHAN KUMAR DHANUKA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
|
Income from salary |
|
|
|
Director
remuneration from Macedon Vinimay Private Limited |
|
1.800 |
|
Director
remuneration from Lalbaba Ind. Corpn Private Limited |
|
0.600 |
|
|
|
|
|
Income from House Property |
|
|
|
Less: Interest paid on housing loan Space Town, Block 3, VIP Road,
Kolkata-700052 |
|
0.030 |
|
|
|
|
|
Income from other sources |
|
|
|
Dividend |
0.044 |
|
|
Fully
exempted |
0.044 |
|
|
|
------------ |
0.000 |
|
PPF interest |
0.039 |
|
|
Fully
exempted |
0.039 |
|
|
|
------------ |
0.000 |
|
|
|
|
|
Interest |
|
0.009 |
|
|
|
------------ |
|
Gross Total Income |
|
2.379 |
|
|
|
|
|
Less:
Deduction u/s 80D Mediclaim |
|
0.025 |
|
|
|
------------ |
|
|
|
2.354 |
|
Less: Rebate u/s
80C |
|
|
|
LIC, Can HSBC
OBC LIC |
0.126 |
|
|
PPF |
0.010 |
|
|
Re-payment of
housing loan |
0.018 |
|
|
|
0.154 |
|
|
|
------------ |
0.150 |
|
|
|
------------ |
|
Total Income |
|
2.204 |
|
|
|
|
|
Less:
Deduction u/s 80TTA |
|
0.009 |
|
|
|
------------ |
|
|
|
2.195 |
|
|
|
|
|
Tax on above |
|
0.484 |
|
Add: E.cess @
3% |
|
0.014 |
|
|
|
------------ |
|
Net tax
payable |
|
0.498 |
|
Less: TDS |
|
0.507 |
|
|
|
------------ |
|
Balance refundable |
|
(0.009) |
BALANCE SHEET
(INR
IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital Account |
|
|
0.000 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
2.171 |
|
|
NETWORTH |
|
|
2.171 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
6.222 |
|
|
2] Unsecured Loans |
|
|
15.568 |
|
|
TOTAL BORROWING |
|
|
21.790 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.961 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.741 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
14.320 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.152 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
23.179 |
|
Total
Current Assets |
|
|
23.331 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
17.431 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
17.431 |
|
|
Net Current Assets |
|
|
5.900 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.961 |
|
PROFIT
& LOSS ACCOUNT
(INR
IN MILLION)
|
Expenditure |
31.03.2017 |
Income |
31.03.2017 |
|
Expenses |
|
Income |
|
|
Bank Charges |
0.011 |
Bank Interest |
0.009 |
|
Int Paid on Property Loan |
0.152 |
Dividend |
0.044 |
|
Interest Paid on Housing Loan |
0.030 |
PPF Interest |
0.039 |
|
Processing Fees |
0.128 |
Remuneration From Lalbaba |
0.600 |
|
|
|
Remuneration From MVPL |
1.800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
2.171 |
|
|
|
|
---------- |
|
---------- |
|
Total |
2.492 |
Total |
2.492 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
MR. MURARI LAL DHANUKA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
|
Income from salary |
|
|
|
Director
remuneration from Lalbaba Ind. Corpn Private Limited |
|
1.200 |
|
|
|
|
|
Income from other sources |
|
|
|
PPF interest |
0.083 |
|
|
Fully
exempted |
0.083 |
|
|
|
------------ |
0.000 |
|
|
|
|
|
Dividend |
0.022 |
|
|
Fully exempted
|
0.022 |
|
|
|
------------ |
0.000 |
|
|
|
|
|
Interest |
|
0.006 |
|
|
|
|
|
Others
factory rent |
|
0.030 |
|
|
|
------------ |
|
Gross Total Income |
|
1.236 |
|
|
|
|
|
Less:
Deduction u/s 80D |
|
0.030 |
|
|
|
------------ |
|
|
|
1.206 |
|
Less: Rebate
u/s 80C |
|
|
|
PPF |
|
0.150 |
|
|
|
------------ |
|
Total Income |
|
1.056 |
|
|
|
|
|
Less:
Deduction u/s 80TTA |
|
0.006 |
|
|
|
------------ |
|
Taxable
income |
|
1.050 |
|
|
|
|
|
Tax on above |
|
0.135 |
|
Add: E.cess @
3% |
|
0.004 |
|
|
|
------------ |
|
|
|
0.139 |
|
|
|
|
|
Less: TDS |
|
0.130 |
|
|
|
------------ |
|
|
|
0.009 |
|
|
|
|
|
Add: Interest
u/s 234A |
|
0.001 |
|
Add: Interest
u/s 234B |
|
0.001 |
|
|
|
------------ |
|
|
|
0.011 |
|
Less: Paid
u/s 140A |
|
0.011 |
|
|
|
------------ |
|
Balance refundable |
|
(0.000) |
BALANCE SHEET
(INR
IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital Account |
|
|
16.427 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
1.340 |
|
|
NETWORTH |
|
|
17.767 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
42.254 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
60.021 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.509 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
54.199 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.064 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.156 |
|
Total
Current Assets |
|
|
2.220 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.147 |
|
|
Other Current Liabilities |
|
|
0.760 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.907 |
|
|
Net Current Assets |
|
|
0.313 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
60.021 |
|
PROFIT
& LOSS ACCOUNT
(INR
IN MILLION)
|
Expenditure |
31.03.2017 |
Income |
31.03.2017 |
|
Expenses |
|
Income |
|
|
Bank Charges |
0.001 |
Bank Interest |
0.006 |
|
|
|
Dividend |
0.022 |
|
|
|
PPF Interest |
0.083 |
|
|
|
Remuneration From Lalbaba |
1.200 |
|
|
|
Rent Received |
0.030 |
|
|
|
|
|
|
Net Profit |
1.340 |
|
|
|
|
---------- |
|
---------- |
|
Total |
1.341 |
Total |
1.341 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Lalbaba Seamless Tube Private Limited is a Private Limited company incorporated on 26thJune 2006 with a state of Art Manufacturing Unit for Producing Seamless Pipes and started their operation in 1st Day of March, 2010 at Haldia, Dist: Midnapore (East). Products are used in Heat Exxchanger, Automobiles, Railways and Oil Refineries. Company have also enhanced its Exposure in the field of Export Starting from USA to Europe. Mr. Pankaj Dhanuka, Mr. Kishan Dhanuka and Mr. Murari Lal Dhanuka are the Directors of the company with outstanding intergrity and are well experienced in it’s line of activities.
PRODUCTION PROCESS / TECHNOLOGY
Billet Shearing -
Input Round Billets are Cropped and Matched in Terms of Diameters, Length and
Weight of The Final Pipe Size
Cross Roll Piercing - This Process Begins with The Piercing of the Hot
Billet of the Piercer, The
Dimensions are Controlled Within Specified Tolerances Che Stretch Reducing
Mill.
Acid Pickling - Pickling is a Treatment Metallic Surfaces in
Order to Remove Impurities, Stains or Scales With a Solution Called Pickle
Liquor Before Subsequent Processing.
Cold Drawing/Cold Forming - In Cold Drawing, Hot Finished Tubes are Surface
Treated and then Drawn to the Gap Between a Reducing Die and a Central Plug. 
Straightening/ End Cutting, Packaging - After the Cold Drawing Process, the Hollow Shell
Is Passed Through the Straightening Machine for Longitudinal Enhancement and
the Ends are Cut. After that it Goes to Quality Control Department for Final
Testing
LASTLY THE TUBES ARE PACKED AND
DISPATCHED.
Capacity - At Present the Unit Is Running at 65% of Capacity
Against 100% Capacity of 24000 Mt Per Annum.
Name of The Product - Seamless Tubes and Pipes Starting From Various
Sizes.
Major Clients
Railways, Indian Oil Corporation Ltd,
Larsen & Tuorbo, Bhel, Mecon, Madras Fertilizers,
Mangalore Refinery Ltd, Ell, Anand Seamless, Engineers India Ltd, Mahavir Tube
Company Etc. & Also Export In USA, Bangladesh, Dubai, Netherland, Etc.
Raw Material - Billet & Ms Pipe
is the Major Material and the Cost is INR 40,000/- to INR 45,000/- Per Tone.
Liquefied Petroleum Gas is used for Heating the Furnaces and the Same is
Supplied by Indian Oil Corporation Ltd.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
As on 06.09.2017 |
|
|
|
|
Name of the Owner(s) of the property |
Lessee: Lal Baba Seamless Tubes Private Limited Corporate Office: 13/A, Government Place (E), 2nd Floor, Kolkata-700 069 |
|
|
|
|
Location, street, ward No. |
Bardhanyaghata, debhog, P.S.- Bhawanipur (formerly P.S. – Sutahata), District- Purba Medinipur, A.D.R.O.-Sutahata, W.B. |
|
|
|
|
Market Value of Property |
INR 284.053 Million |
|
|
|
|
Realizable Value of the Property |
INR 241.445 Million |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G50263003 |
10105836 |
ORIENTAL BANK OF
COMMERCE |
24/03/2008 |
21/07/2017 |
- |
212500000.0 |
MID CORPORATE
GARIAHAT, KCI PLAZA, 1ST FLOOR23C, A.C. AVENUE, GARIAHATKOLKATAWB700019IN |
|
2 |
G09814682 |
10107566 |
WEST BENGAL
INDUSTRIAL DEVELOPMENT CORPN LTD |
18/04/2008 |
- |
08/08/2016 |
110000000.0 |
5 COUNCIL HOUSE
ST.KOLKATAWB700001IN |
------------------------------------------------------------------------------------------------------------------------------
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
WB Vat for FY 09-10 |
0.112 |
0.112 |
|
CST for FY 11-12 |
0.066 |
0.066 |
|
CST for FY 12-13 |
0.643 |
0.643 |
|
CST for FY 13-14 |
0.785 |
0.000 |
|
CST for FY 14-15 |
1.174 |
0.000 |
|
WB Vat for FY 14-15 |
0.066 |
0.000 |
|
Income tax A.Y. 2014-15 |
20.181 |
0.000 |
|
Excise A.Y. 2008-12 |
2.089 |
0.000 |
|
Total |
25.116 |
0.821 |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land at Dhulagarh
· Land Development
· Pipeline and Fittings
· Factory Shed and Building
· Plant and Machinery’s
· Electrical from LPG
· Tools and Implements
· Computer and Accessories
· Computer and Fixtures
· Office Equipment’s
· Laboratory Equipment’s
· Motor Car
------------------------------------------------------------------------------------------------------------------------------
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
|
INR |
|
US Dollar |
1 |
INR 64.28 |
|
UK Pound |
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
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 |
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.