|
|
|
MIRA INFORM REPORT
|
Report No. : |
484677 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
V D TECNO SOLUTIONS |
|
|
|
|
Registered
Office : |
S No 294/3, CRS 625, Waghere Heights, Kate-Pimpri Road, Pimpri,
Pune-411017, Maharashtra |
|
Mobile No.: |
91-20-27411903 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.09.2017 [Provisional] |
|
|
|
|
Date of
Establishment : |
19.01.2016 |
|
|
|
|
Capital
Investment : |
INR 10.068 Million |
|
|
|
|
IEC No.: |
3117502921 |
|
|
|
|
GST No.: |
27AANFV5152B1Z5 |
|
|
|
|
TIN No.: |
27871218711 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANFV5152B |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Customised CNC Machines and also involved
in Plant Relocation and Installation Services. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
50 [Approximately] [At Location] 50 [Approximately] [Across Country] |
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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new partnership concern established in the year 2016 and it is based in Pune. It is engaged as manufacturer of customized CNC machine and it is involved in providing plant maintenance services. As per available financials of 2017, the subject has achieved decent revenue of 20.50 million from its first year of its business operations along with average profit margin of 2.44% during the year. The company possesses moderate financial risk profile marked by average but improving capital base and low cash accruals. Rating further gets constrained on account of limited track record of its business operations and high working capital requirement nature of business and its presence in highly competitive industry. However, these rating weakness gets partially offset by its strong relation with its customer “Rothe Erde India” as it claimed that they are satisfied with the subject’s product quality and delivery behaviour as well its supplier “Ucam India Limited” and “Nicolas Cozza”, both the companies are satisfied with their payment behaviour and market goodwill of the subject. Further, as per tentative financials of September 2017, the subject has achieved sales turnover of 15.14 million which has declined. Payments are reported to be slow but correct. In view of aforesaid, the concern can be considered for business dealings with some caution. Note: Site visit report will be sent in due course |
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
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 10.01.2018.
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. Vilas Dusane |
|
Designation : |
Partner |
|
Contact No.: |
91-9823359121 |
|
Date : |
09.01.2018 |
LOCATIONS
|
Registered / Head Office : |
S No 294/3, CRS 625, Waghere Heights, Kate-Pimpri Road, Pimpri,
Pune-411017, Maharashtra, India |
|
Tel. No.: |
91-20-27411903 |
|
Mobile No.: |
91-9823359121 [Mr. Vilas Dusane] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
A-70, MIDC, Ranjangaon, Tal Shirur, Pune-412220, Maharashtra, India |
|
Area : |
10000 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Industrial |
|
|
|
|
Branch Office : |
M No 401, A/p Babhulsar (Ranjangaon), Tal Shirur, Pune-412220,
Maharashtra, India |
PARTNERS
|
Name : |
Mr. Vilas Ramkrishna Dusane |
|
Designation : |
Partner |
|
Address : |
404, Tukaram Complex, Pimple Nilakh, Pune-411027, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1971 |
|
Qualification : |
Diploma- Engg. |
|
PAN No : |
AAUPD6178J |
|
Aadhar Card No : |
981682987138 |
|
|
|
|
Name : |
Mrs. Jaya Deepak Walke |
|
Designation : |
Partner |
|
Address : |
M.N. 401, Babhulsar, Tal. Shirur, Pune-412210, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1996 |
|
Qualification : |
B. Com |
|
PAN No : |
ADOPW6750G |
|
Aadhar Card No : |
456740327837 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Customised CNC Machines and also involved
in Plant Relocation and Installation Services. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Customized CNC Machines |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
European Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [30,60 Days] |
|
|
|
|
Purchasing : |
Cash and Credit [7 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturers
|
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
50 [Approximately] [At Location] 50 [Approximately] [Across Country] |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
A.S. Soni and Company Chartered Accountants |
|
Address : |
Office No. 101, Light House, Bibvewadi, Pune-411037, Maharashtra,
India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
PARTNERS
CAPITAL ACCOUNT AS ON 30.09.2017 [PROVISIONAL]
|
PARTICULARS |
INR IN MILLION |
PARTICULARS |
INR IN MILLION |
|
Drawing |
0.205 |
Opening Balance |
7.875 |
|
|
|
Introduced |
1.200 |
|
|
|
Interest Paid to Partner |
0.473 |
|
Closing Balance |
10.068 |
Partners Remuneration |
0.300 |
|
|
|
Profit |
0.425 |
|
|
|
|
|
|
|
----------- |
|
----------- |
|
TOTAL |
10.273 |
|
10.273 |
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.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
30.09.2017 [Provisional] [6 Months] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
|
10.068 |
|
|
2] Reserves & Surplus |
|
|
0.000 |
|
|
NETWORTH |
|
|
10.068 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.569 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
7.569 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.637 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.541 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.490 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
23.906
|
|
|
Sundry Debtors |
|
|
3.169
|
|
|
Cash & Bank Balances |
|
|
0.075
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
27.150
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
17.544
|
|
|
Net Current Assets |
|
|
9.606
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.637 |
|
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Capital Account |
|
7.875 |
0.050 |
|
(b) Reserves & Surplus |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7.875 |
0.050 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.840 |
0.000 |
|
(c)
Other current liabilities |
|
17.544 |
0.000 |
|
(d)
Short-term provisions |
|
0.062 |
0.000 |
|
Total
Current Liabilities (4) |
|
18.446 |
0.000 |
|
|
|
|
|
|
TOTAL |
|
26.321 |
0.050 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.671 |
0.000 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
5.339 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
7.010 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
2.574 |
0.000 |
|
(d)
Cash and cash equivalents |
|
0.109 |
0.050 |
|
(e)
Short-term loans and advances |
|
0.155 |
0.000 |
|
(f)
Other current assets |
|
16.473 |
0.000 |
|
Total
Current Assets |
|
19.311 |
0.050 |
|
|
|
|
|
|
TOTAL |
|
26.321 |
0.050 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
30.09.2017 [Provisional] [6 Months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
15.137 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
15.137 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
9.572 |
|
|
|
Salary to Partner |
|
|
0.300 |
|
|
|
Interest to Partner |
|
|
0.473 |
|
|
|
Labour Charges |
|
|
0.471 |
|
|
|
Salary and Wages |
|
|
2.679 |
|
|
|
Office Expenses |
|
|
0.016 |
|
|
|
Factory Rent |
|
|
0.450 |
|
|
|
Electricity |
|
|
0.159 |
|
|
|
Insurance |
|
|
0.026 |
|
|
|
Misc expenses |
|
|
0.178 |
|
|
|
Traveling Exp |
|
|
0.028 |
|
|
|
Telephone Expenses |
|
|
0.012 |
|
|
|
TOTAL |
|
|
14.364 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE INTEREST
AND DEPRECIATION AND AMORTISATION |
|
|
0.773 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
|
|
0.555 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
0.130 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
0.425 |
|
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
20.504 |
0.000 |
|
|
|
Other Income |
|
0.199 |
0.000 |
|
|
|
TOTAL |
|
20.703 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
15.735 |
0.000 |
|
|
|
Closing Stock |
|
(4.025) |
0.000 |
|
|
|
Employees benefits expense |
|
5.037 |
0.000 |
|
|
|
Other expenses |
|
1.086 |
0.000 |
|
|
|
Direct Expenses |
|
0.897 |
0.000 |
|
|
|
Remuneration to Partner |
|
0.600 |
0.000 |
|
|
|
TOTAL |
|
2.583 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1.373 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.585 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.788 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.287 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
0.501 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
0.501 |
0.000 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
30.09.2017 [Provisional] [6 Months] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.41 |
45.82 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.78 |
7.97 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
19.49 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.03 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
0.82 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
30.09.2017 [Provisional] [6 Months] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.71 |
0.70 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.75 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.74 |
2.34 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.21 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.55 |
2.35 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
30.09.2017 [Provisional] [6 Months] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.81 |
2.44 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.21 |
1.90 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.22 |
6.36 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
30.09.2017 [Provisional] [6 Months] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.55 |
1.05 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.18 |
1.05 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.30 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.75 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.05 |
0.00 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Capital Account |
0.050 |
7.875 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
0.050 |
7.875 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
20.504 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
20.504 |
|
Profit/ (Loss) |
0.000 |
0.501 |
|
|
|
2.44% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years and
six months years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two years and six
months years |
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 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(INR
IN MILLION)
|
PARTICULARS |
31.03.2017 |
|||
|
INCOME FROM PROFIT/
GAINS OF BUSINESS/ PROFESSION |
|
|
|
|
|
|
|
|
|
|
|
Income from
Business/ Profession |
|
|
|
|
|
V D Tecno |
|
|
|
|
|
Net Profit (Loss) |
0.501 |
|
|
|
|
Add: Remuneration Paid to Partners |
0.600 |
|
|
|
|
Add: Interest Paid to Partners |
0.585 |
|
|
|
|
|
---------- |
|
|
|
|
Book Profit before Remuneration and Interest |
|
1.686 |
|
|
|
|
|
|
|
|
|
Add:
Disallowable and / Items Considered |
|
|
|
|
|
Seperately |
|
|
|
|
|
Depreciation (considered
separately) 0.288 |
|
0.288 |
|
|
|
|
|
|
|
|
|
Less: Allowable
and/ Items Considered |
|
|
|
|
|
Seperately |
|
|
|
|
|
Depreciation |
|
(0.288) |
1.686 |
|
|
|
|
---------- |
|
|
|
Less: Allowable Interest |
|
|
0.585 |
|
|
|
|
|
---------- |
|
|
Book Profit before Remuneration |
|
|
1.101 |
|
|
Less: Allowable Remuneration |
|
|
0.600 |
|
|
|
|
|
---------- |
0.501 |
|
|
|
|
|
---------- |
|
GROSS TOTAL INCOME |
|
|
|
0.501 |
|
TOTAL INCOME |
|
|
|
0.501 |
|
|
|
|
|
---------- |
|
TAX ON TOTAL INCOME |
|
|
|
0.150 |
|
|
|
|
|
---------- |
|
Tax Payable |
|
|
|
0.150 |
|
Education Cess @ 3% |
|
|
|
0.005 |
|
|
|
|
|
---------- |
|
Tax Payable + Education
Cess |
|
|
|
0.155 |
|
|
|
|
|
|
|
Less: Tax Deducted at Source |
|
|
|
|
|
u/s 194A, 1 Certificate (s) |
|
|
0.020 |
|
|
u/s 194C, 4 Certificate (s) |
|
|
0.135 |
|
|
|
|
|
|
---------- |
|
Net Tax +
Interest Payable |
|
|
|
NIL |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PARTNERS CAPITAL ACCOUNT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||
|
YEAR 2018 |
YEAR 2019 |
YEAR 2020 |
|
|
Opening Balance |
7.875 |
15.234 |
22.425 |
|
|
|
|
|
|
Interest on Partners Capital A/c |
0.945 |
1.828 |
2.691 |
|
|
|
|
|
|
Remuneration to Partners |
4.873 |
4.564 |
4.841 |
|
|
|
|
|
|
Profit After Tax |
2.141 |
1.999 |
2.265 |
|
|
|
|
|
|
Total (A) |
15.834 |
23.625 |
32.221 |
|
|
|
|
|
|
Withdrawals |
0.600 |
1.200 |
3.705 |
|
|
|
|
|
|
Total (B) |
0.600 |
1.200 |
3.705 |
|
|
|
|
|
|
Closing Balance (C)=(A)-(B) |
15.234 |
22.425 |
28.517 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||
|
YEAR 2018 |
YEAR 2019 |
YEAR 2020 |
|
|
Capital Account |
15.234 |
22.425 |
28.517 |
|
|
|
|
|
|
Secured Loans |
|
|
|
|
BOI
C/c |
15.000 |
15.000 |
15.000 |
|
|
|
|
|
|
Total |
30.234 |
37.425 |
43.517 |
|
|
|
|
|
|
Fixed
Assets (As
per Schedule) |
1.903 |
1.204 |
1.032 |
|
|
|
|
|
|
Investments |
0.500 |
1.500 |
2.000 |
|
|
|
|
|
|
Current Assets Loans and Advances |
|
|
|
|
Closing Stock |
15.000 |
16.000 |
17.000 |
|
|
|
|
|
|
Sundry
Debtors/ Advancees |
12.500 |
18.350 |
23.090 |
|
|
|
|
|
|
Cash and Bank Balance |
0.331 |
0.371 |
0.394 |
|
|
|
|
|
|
Total |
30.234 |
37.425 |
43.517 |
|
|
|
|
|
|
Debt Equity Ratio |
0.98 |
0.67 |
0.53 |
|
|
|
|
|
|
Current Ratio |
1.86 |
2.31 |
2.70 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS ACCOUNT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||
|
YEAR 2018 |
YEAR 2019 |
YEAR 2020 |
|
|
Sales |
100.000 |
110.000 |
121.000 |
|
|
|
|
|
|
Closing Stock |
15.000 |
16.000 |
17.000 |
|
|
|
|
|
|
Total (A) |
115.000 |
126.000 |
138.000 |
|
|
|
|
|
|
Opening
Stock |
4.025 |
15.000 |
16.000 |
|
|
|
|
|
|
Material |
74.210 |
70.559 |
77.515 |
|
|
|
|
|
|
Total (B) |
78.235 |
85.559 |
93.515 |
|
|
|
|
|
|
Gross Profit (C)=(A)-(B) |
36.765 |
40.441 |
44.485 |
|
|
|
|
|
|
Labour
Charges |
6.302 |
6.932 |
7.425 |
|
|
|
|
|
|
Salary
Exp |
17.698 |
19.468 |
21.240 |
|
|
|
|
|
|
Office
Expenses |
0.105 |
0.116 |
0.127 |
|
|
|
|
|
|
Electricity
Expenses |
1.048 |
1.153 |
1.269 |
|
|
|
|
|
|
Travelling
and Conveyance |
0.190 |
0.209 |
0.230 |
|
|
|
|
|
|
Postage
and Telephone |
0.083 |
0.091 |
0.100 |
|
|
|
|
|
|
Other
Admn Expenses |
1.182 |
1.300 |
1.433 |
|
|
|
|
|
|
Bank
Interest and Charges |
0.980 |
1.680 |
1.680 |
|
|
|
|
|
|
Depreciation
|
0.260 |
0.207 |
0.172 |
|
|
|
|
|
|
Interest
on Partners Capital A/c |
0.945 |
1.828 |
2.691 |
|
|
|
|
|
|
Remuneration
to Partners |
4.873 |
4.564 |
4.841 |
|
|
|
|
|
|
Total
|
33.666 |
37.549 |
41.208 |
|
|
|
|
|
|
Net Profit before Taxes |
33.099 |
2.893 |
3.277 |
|
|
|
|
|
|
Provision
for Taxes (At
Current Tax Rates) |
0.958 |
0.894 |
1.013 |
|
|
|
|
|
|
Net Profit After Tax |
2.141 |
1.999 |
2.265 |
|
|
|
|
|
|
ISCR |
3.45 |
2.31 |
2.34 |
|
|
|
|
|
|
AVG ISCR |
|
2.70 |
|
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF DEBT SERVICE COVERAGE RATIO
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||
|
YEAR 2018 |
YEAR 2019 |
YEAR 2020 |
|
|
Net Profit After Tax |
2.141 |
1.999 |
2.078 |
|
|
|
|
|
|
Add: Interest |
0.980 |
1.680 |
1.680 |
|
|
|
|
|
|
Add:
Depreciation |
0.260 |
0.207 |
0.172 |
|
|
|
|
|
|
Total |
3.381 |
3.886 |
3.930 |
|
|
|
|
|
|
Bank
Interest |
0.980 |
1.680 |
1.680 |
|
|
|
|
|
|
Total |
0.980 |
1.680 |
1.680 |
|
|
|
|
|
|
ISCR
|
3.45 |
2.31 |
2.34 |
|
|
|
|
|
|
AVG ISCR |
|
2.70 |
|
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. JAYA DEEPAK WALKE
(INR IN MILLION)
|
PARTICULARS |
31.03.2017 |
|
Investment in VD Tecno Solutions |
3.541 |
|
|
|
|
Investment in Sai Logistics |
0.750 |
|
|
|
|
Gold |
0.420 |
|
|
---------- |
|
NET WORTH |
4.711 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. VILAS RAMKRISHNA DUSANE
(INR IN MILLION)
|
PARTICULARS |
31.03.2017 |
|
Flat at Vishal nagar Pimple Nilakh (1400 Sq Ft) |
8.400 |
|
|
|
|
Flat at Vishal nagar Pimple Nilakh (1200 Sq Ft) |
7.200 |
|
|
|
|
Skoda Rapid Car |
0.500 |
|
|
|
|
Gold |
0.390 |
|
|
---------- |
|
Total |
16.490 |
|
|
|
|
Less: Home Loan |
1.600 |
|
|
---------- |
|
NET WORTH |
14.890 |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
MANUFACTURING OF
CUSTOMISED CNC MACHINES
They manufacture CNC & SPM machines as per the requirements of their customers. These products are UNIQUE, INNOVATIVE AND CONSIST OF SOPHISTICATED TECHNOLOGY. Presently they are making one CNC Machine for their esteemed customer Rothe Erde (Thyssen Krupp Group Company), this kind of machine is not manufactured in India.
PLANT RELOCATION AND
INSTALLATION SERVICES
They under take the work of complete plant relocation, installation and commissioning of the industrial equipments and machineries.
MAINTENANCE SERVICES
They provide all kind of maintenance services for plant and machines.
ONSITE PRODUCTION
SUPPORT
This is newly introduced concept by them in the industry. In these services, they undertake and run the production lines with their skilled manpower at customer end on piece rate basis. This helps their skilled manpower at customer end on piece rate basis. This helps their customer to enhance their production capacities with higher efficiency. This concept helps their customer to reduce their overall overheads.
LIST OF CUSTOMERS
With their strength and service they are associated with below some of esteemed multinational and local customers
· Rothe erde India Private Limited (Thyssen Krupp Group Company)
· Franke Faber India Private Limited
· Bonatrans India Private Limited
· Tata Autocomp Systems Limited
· Mahindra and Mahindra Limited
· Air International Tata Toyo Radiator Limited
· Garware Wall Ropes Limited
· Polyplastic India Private Limited
· Jiangyn UNI-POL Vacuum Castings India Private Limited
· Sharp Engineers Limited
· Sankalp Engineers Limited etc.
FUTURE PLAN AND POTENTIAL
In coming next 3 years they are targeting to achieve INR 500.000 Million.
In coming future they are likely to get more orders from their present and proposed customers. The discussions are in process for the supply of machines and services.
They also are planning to start the in-house production activities like manufacturing of large size gears. Accordingly they are enhancing their manufacturing facilities.
Their another business of Onsite support has huge potential and there are such inquiries from customers.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
Site visit on 02.10.2017 Valuation given on 03.10.2017 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Vilas Ramkrushan Dusane |
|
|
|
|
Location, street, ward no. |
Near Apple Hospital |
|
|
|
|
Survey/ Plot No of Land |
Flat No. 2, Ground Floor, C Wing, Akshay Nagar,
S. No. 24/1A/1, Vishal Nagar, Pimple Nilakh, Pune-411027, Maharashtra, India |
|
Fair Market Value of Property as on Today |
INR 5.151 Million |
|
|
|
|
Realizable Sale Value |
INR 4.893 Million |
|
|
|
|
Distressed Sale Value |
INR 4.121 Million |
|
|
|
|
Govt. Value |
INR 4.342 Million |
|
|
|
|
Construction Cost for Insurance |
INR 1.959 Million |
-----------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Computer
· Furniture
· Plant and Machinery
-----------------------------------------------------------------------------------------------------------------------------
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 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
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 |
NO |
|
--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.