|
|
|
MIRA INFORM REPORT
|
Report No. : |
514720 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
HASSANAND VISHINDAS |
|
|
|
|
Registered
Office : |
Shop at Barrack No. 2029, Room No. 14/15, Near Sai Atmaram Apartment, Ulhasnagar,
Thane-421005, Maharashtra |
|
Mobile No.: |
91-9890178555 [Mr. Mukesh] |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Year of
Establishment : |
1978 |
|
|
|
|
Capital
Investment : |
INR 14.378 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm does not have export and import) |
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|
|
|
PAN No.: [Permanent Account No.] |
AAHPW6268R |
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|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAHPW6268R1ZH |
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|
|
|
Legal Form : |
Sole Proprietary Concern |
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|
|
Line of Business
: |
Trading of Denim Fabrics. [Confirmed by Management] |
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|
|
|
No. of Employees
: |
03 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is a proprietorship concern established in the year 1978 having satisfactory track record. The subject is engaged as trader of denim fabrics. For the financial year 2018, the concern has achieved decent growth in its sales turnover as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the acceptable financial risk profile marked by adequate capital base and comfortable debt protection metrics. Rating also considers positive feedback received from its customer (JK Fabrics) and (Dwarka Enterprise) for satisfactory product quality and its supplier (Nova Textile Private Limited) for good payment behaviour and market goodwill. However, these rating strengths gets partially offset by volatile profitability margin arising out of volatility in the prices of raw material, intensive nature of operation and highly competitive industry. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business dealing at usual trade terms and conditions. Note: Site visit was conducted at the given address and our executive had successfully traced the subject. At the premises our executive met to Mr. Mukesh (C.E.O) and he confirmed the existence of the subject on the given address. As per our executive’s observation, it’s a ground+1 floor building and the whole building belongs to the subject admeasuring total area of 3,500 SQ.FT. Location was easy to find, locality seems to be residential and area appears to be neutral. Our executive had sighted 5 employees along with telephone, computers, air conditioner, office equipment, xerox machine and furniture items at the premises. Name board of the subject was not 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
31-03-2018.
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 28.06.2018.
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. Mukesh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9890178555 |
|
Date : |
26.06.2018 |
LOCATIONS
|
Registered Office : |
Shop at Barrack No. 2029, Room No. 14/15, Near Sai Atmaram Apartment,
Ulhasnagar, Thane-421005, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9890178555 [Mr. Mukesh] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3500 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
SOLE PROPRIETOR
|
Name : |
Mrs. Indra Vishindas Wadhwa |
|
Designation : |
Proprietor |
|
Address : |
602, Matmandir Apartment, Opposite Vasanshah Darbar, Ulhasnagar,
Thane-421005, Maharashtra, India |
|
Date of Birth/Age : |
69 Years |
|
Qualification : |
S.S.C. |
|
Experience : |
40 Years |
|
PAN No.: |
AAHPW6268R |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Trading of Denim Fabrics. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Denim Fabrics |
|
|
|
|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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|
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Exports : |
|
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Products : |
Not Available |
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Countries : |
Not Available |
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|
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Imports : |
|
|
Products : |
Not Available |
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Countries : |
Not Available |
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|
|
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Terms : |
|
|
Selling : |
Cheque and Credit [90/120 Days] and Others [NEFT] |
|
|
|
|
Purchasing : |
Credit [30 Days] and Others [RTGS] |
GENERAL INFORMATION
|
Suppliers : |
· G.P Design Private Limited · Shreeji Textile Private Limited |
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Customers : |
Wholesalers
· DeepLaxmi Garments · N.K Dresses · Kuber Jeans · J.B Garments · Sunil Traders ·
Login Jeans
|
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No. of Employees : |
03 [Approximately] |
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Bankers : |
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Facilities : |
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|
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Auditors : |
|
|
Name : |
R. H. Baweja and Company Chartered Accountants |
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Mem No : |
36696 |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT AS ON 31.03.2018 [PROVISIONAL]
|
Capital Investment : |
|
|
Owned : |
INR 14.378 Million |
|
Borrowed : |
--- |
|
Total : |
INR 14.378
Million |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
14.378 |
10.832 |
7.436 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.378 |
10.832 |
7.436 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
12.597 |
2.712 |
2.812 |
|
|
2] Unsecured Loans |
16.185 |
5.200 |
4.940 |
|
|
TOTAL BORROWING |
28.782 |
7.912 |
7.752 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.160 |
18.744 |
15.188 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.494 |
6.505 |
6.715 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.231 |
0.136 |
0.121 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
7.176
|
2.180
|
1.990
|
|
|
Sundry Debtors |
43.314
|
16.756
|
5.705
|
|
|
Cash & Bank Balances |
0.775
|
3.245
|
1.617
|
|
|
Other Current Assets |
0.000
|
0.120
|
0.000
|
|
|
Loans & Advances |
0.000
|
0.500
|
0.000
|
|
Total
Current Assets |
51.265
|
22.801
|
9.312
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.674
|
10.567
|
0.906
|
|
|
Other Current Liabilities |
0.156
|
0.131
|
0.054
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
14.830
|
10.698
|
0.960
|
|
|
Net Current Assets |
36.435
|
12.103
|
8.352
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
43.160 |
18.744 |
15.188 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
140.559 |
70.059 |
61.294 |
|
|
|
Other Income |
0.065 |
0.000 |
0.000 |
|
|
|
TOTAL |
140.624 |
70.059 |
61.294 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
131.104 |
65.851 |
57.660 |
|
|
|
Freight A/c |
0.000 |
0.535 |
0.497 |
|
|
|
Freight and Transport |
1.386 |
0.000 |
0.000 |
|
|
|
L.B.T. A/c |
0.000 |
0.000 |
0.335 |
|
|
|
Account Writing Chgs |
0.048 |
0.030 |
0.030 |
|
|
|
Audit Fees |
0.009 |
0.009 |
0.009 |
|
|
|
Conveyance Exp |
0.077 |
0.047 |
0.050 |
|
|
|
Discount A/c |
0.130 |
0.012 |
0.015 |
|
|
|
Diwali Bonus |
0.047 |
0.028 |
0.028 |
|
|
|
Diwali Exp |
0.036 |
0.019 |
0.019 |
|
|
|
Godown Rent |
0.480 |
0.000 |
0.000 |
|
|
|
Hamali A/c |
0.380 |
0.179 |
0.170 |
|
|
|
Insurance |
0.002 |
0.000 |
0.000 |
|
|
|
Late Fees on Tds |
0.001 |
0.000 |
0.000 |
|
|
|
Legal Chgs |
0.006 |
0.005 |
0.005 |
|
|
|
Loading Unloading |
0.149 |
0.000 |
0.000 |
|
|
|
Mobile Exp |
0.044 |
0.021 |
0.025 |
|
|
|
Printing and Stationary |
0.025 |
0.005 |
0.006 |
|
|
|
Salary |
0.558 |
0.330 |
0.330 |
|
|
|
Sundry Exp |
0.084 |
0.049 |
0.053 |
|
|
|
Travelling Exp |
0.090 |
0.030 |
0.052 |
|
|
|
Vehicle Exp. |
0.095 |
0.042 |
0.043 |
|
|
|
TOTAL |
134.751 |
67.192 |
59.327 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
5.873 |
2.867 |
1.967 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.821 |
0.941 |
0.696 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE DEPRECIATION AND AMORTISATION |
4.052 |
1.926 |
1.271 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.011 |
0.012 |
0.013 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
4.041 |
1.914 |
1.258 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
112.48 |
87.30 |
33.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.25 |
4.18 |
10.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.85 |
58.57 |
5.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.82 |
1.32 |
0.99 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.90 |
0.44 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.75 |
0.63 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.00 |
0.73 |
1.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.16 |
1.47 |
0.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.45 |
0.60 |
0.90 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.23 |
3.05 |
2.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.87 |
2.73 |
2.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.97 |
6.50 |
7.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.11 |
17.67 |
16.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.43 |
1.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.42 |
1.30 |
1.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.37 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.00 |
0.73 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.65 |
1.43 |
1.58 |
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 |
31.03.2018 |
31.03.2017 |
31.03.2018 [Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Capital Account |
7.436 |
10.832 |
14.378 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7.436 |
10.832 |
14.378 |
|
Secured Loans |
2.812 |
2.712 |
12.597 |
|
Unsecured Loans |
4.940 |
5.200 |
16.185 |
|
Total
borrowings |
7.752 |
7.912 |
28.782 |
|
Debt/Equity
ratio |
1.042 |
0.730 |
2.002 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
61.294 |
70.059 |
140.559 |
|
|
|
14.300 |
100.629 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
61.294 |
70.059 |
140.559 |
|
Profit |
1.258 |
1.914 |
4.041 |
|
|
2.05% |
2.73% |
2.87% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
OBSERVATION POINTS
|
Name of Company : |
HASSANAND VISHINDAS |
|
|
|
|
Address : |
Shop at Barrack No. 2029, Room No. 14/15, Near Sai Atmaram Apartment, Ulhasnagar, Thane-421005, Maharashtra, India |
|
|
|
|
Person to whom we met: |
Mr. Mukesh [Chief Executive Officer] |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the Building : |
Ground + 1 Floor |
|
|
|
|
Subject situated on: |
Whole building belongs to the subject company |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of Premises : |
3500 Sq. Ft |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
05 [Approximately] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR In Million) |
31.03.2017 (INR
In Million) |
|
Anil Vishindas Wadhwa (HUF) |
0.725 |
|
|
Bachu Vishindas Wadhwa (HUF) |
0.170 |
|
|
Bhagwati R. Manglani |
0.500 |
|
|
Harjasrai H Badlani |
2.500 |
|
|
Jaya Naresh Madnani |
0.500 |
|
|
Kanchan Srichand Makhija |
0.100 |
|
|
Lilwani Trilok Bhojraj (HUF) |
0.800 |
|
|
Mahadev Textiles |
1.200 |
|
|
Manish Makhija |
0.300 |
|
|
Matrix Impex Loan |
1.500 |
|
|
Motiram Santumal Motwani (HUF) |
0.400 |
|
|
Mukesh Vishindas Wadhwa (HUF) |
1.050 |
|
|
Naresh Agencies (Loan) |
1.000 |
|
|
Naresh Thakurdas Madnani (HUF) |
0.500 |
|
|
Srichand Balchand Makhija (HUF) |
0.300 |
|
|
Tirumala Textiles |
3.000 |
|
|
Unique Textile Loan |
1.000 |
|
|
Vishindas and Sons (Vishindas H.U.F) |
0.640 |
|
|
|
|
|
|
Total |
16.185 |
5.200 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW
STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
2018-19 Projected |
2019-20 Projected |
|
|
CASH
IN FLOW |
|
|
|
|
|
|
|
Net
profit before tax |
5.284 |
6.367 |
|
|
|
|
|
Depreciation |
0.009 |
0.009 |
|
|
|
|
|
Increase
in |
|
|
|
Capital |
1.179 |
1.297 |
|
|
|
|
|
Unsecured
Loans |
0.000 |
0.000 |
|
|
|
|
|
Secured
Loan |
0.000 |
0.000 |
|
|
|
|
|
Current
Liabilities |
0.000 |
0.174 |
|
|
|
|
|
Bank
Borrowings
OD |
0.000 |
0.000 |
|
|
|
|
|
Bank Borrowing CC |
25.000 |
0.000 |
|
|
|
|
|
Decrease
in |
|
|
|
Fixed
Assets |
0.000 |
0.000 |
|
|
|
|
|
Deposits & Investments |
0.000 |
0.000 |
|
|
|
|
|
Prepaid Insurance |
0.000 |
0.000 |
|
|
|
|
|
Current assets other than
cash & bank balance |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
CASH-IN-FLOW |
31.472 |
7.847 |
|
|
|
|
|
CASH
OUT FLOW |
|
|
|
|
|
|
|
Decrease in |
|
|
|
Capital |
1.989 |
2.514 |
|
|
|
|
|
Unsecured
loan |
0.000 |
0.000 |
|
|
|
|
|
Secured Loans |
2.554 |
0.000 |
|
|
|
|
|
Current Liabilities |
10.646 |
0.000 |
|
|
|
|
|
Bank Borrowings OD |
10.042 |
0.000 |
|
|
|
|
|
Increase
in |
|
|
|
Fixed
Assets |
0.000 |
0.000 |
|
|
|
|
|
Deposits and Investments |
0.023 |
0.025 |
|
|
|
|
|
Current Assets other than
cash & Bank balance |
4.648 |
5.994 |
|
|
|
|
|
TOTAL
CASH OUT FLOW |
29.902 |
8.533 |
|
|
|
|
|
Opening
Cash balance |
0.775 |
2.345 |
|
|
|
|
|
Surplus/Deficit |
1.570 |
(0.686) |
|
|
|
|
|
Closing
Cash balance |
2.345 |
1.658 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROPRIETOR’S CAPITAL ACCOUNT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
2018-19 Projected |
2019-20 Projected |
|
|
Opening Balance |
14.378 |
18.851 |
|
|
|
|
|
Capital Introduced |
0.000 |
0.000 |
|
|
|
|
|
Net Profit after tax |
5.284 |
6.367 |
|
|
|
|
|
Other Income |
1.179 |
1.297 |
|
|
|
|
|
Drawings |
0.106 |
0.116 |
|
|
|
|
|
Other Expenses |
0.543 |
0.597 |
|
|
|
|
|
Advance Tax |
1.200 |
1.800 |
|
|
|
|
|
Interest on Housing Loan |
0.140 |
0.000 |
|
|
|
|
|
Closing Balance |
18.851 |
24.001 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE
SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
2018-19 Projected |
2019-20 Projected |
|
|
ASSETS: |
|
|
|
FIXED
ASSETS |
|
|
|
Gross Block |
6.494 |
6.485 |
|
|
|
|
|
Less: Accumulated |
0.009 |
0.009 |
|
|
|
|
|
Depreciation |
--- |
--- |
|
|
|
|
|
Net Block |
6.485 |
6.476 |
|
|
|
|
|
Investments & Deposits |
0.254 |
0.280 |
|
|
|
|
|
Current
Assets: |
|
|
|
Stock |
12.708 |
13.979 |
|
|
|
|
|
Debtors |
41.231 |
45.354 |
|
|
|
|
|
Advance Tax |
1.200 |
1.800 |
|
|
|
|
|
Other
Current
Assets |
0.000 |
0.000 |
|
|
|
|
|
Cash
& Bank |
2.345 |
1.658 |
|
|
|
|
|
Total
(A) |
57.483 |
62.791 |
|
|
|
|
|
Profit & Loss Account |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
64.222 |
69.547 |
|
|
|
|
|
SHAREHOLDERS |
|
|
|
|
|
|
|
FUNDS |
|
|
|
Proprietor’s Capital |
18.851 |
24.001 |
|
|
|
|
|
Unsecured
Loans – Quasi Equity |
16.185 |
16.185 |
|
|
|
|
|
Equity capital |
35.036 |
40.186 |
|
|
|
|
|
BORROWED
FUNDS |
|
|
|
Canara Housing Loan |
0.000 |
0.000 |
|
|
|
|
|
Total Borrowed
funds |
0.000 |
0.000 |
|
|
|
|
|
Current
Liabilities: |
|
|
|
Creditors
|
1.982 |
1.683 |
|
|
|
|
|
Provision
for Tax |
2.015 |
2.479 |
|
|
|
|
|
Other Current Liabilities |
0.189 |
0.199 |
|
|
|
|
|
Bank Borrowings-CC |
25.000 |
25.000 |
|
|
|
|
|
Bank Borrowings-OD |
0.000 |
0.000 |
|
|
|
|
|
Total
(B) |
29.186 |
29.360 |
|
|
|
|
|
TOTAL
LIABILITIES |
64.222 |
69.547 |
|
|
|
|
|
Net
Working Capital |
28.297 |
33.430 |
|
|
|
|
|
Current
Ratio |
1.97 |
2.14 |
|
|
|
|
|
Average Current Ratio |
3.60 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT
& LOSS ACCOUNT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
2018-19 Projected |
2019-20 Projected |
|
|
Income |
|
|
|
Sales |
154.615 |
170.076 |
|
|
|
|
|
Net
Sales |
154.615 |
170.076 |
|
|
|
|
|
Opening
Stock |
7.176 |
12.708 |
|
|
|
|
|
Purchase |
144.700 |
153.600 |
|
|
|
|
|
Direct Expenses |
1.525 |
1.601 |
|
|
|
|
|
Less:
Closing Stock |
12.708 |
13.979 |
|
|
|
|
|
Cost
of Goods Sold |
140.699 |
153.919 |
|
|
|
|
|
Cost of goods |
140.699 |
153.919 |
|
|
|
|
|
Gross
Profit |
13.915 |
16.157 |
|
|
|
|
|
GP
Ratio (%) |
9.00% |
9.50% |
|
|
|
|
|
Indirect
Incomes |
0.000 |
0.000 |
|
|
|
|
|
Overheads |
|
|
|
Administrative, Selling & Distribution Cost |
2.600 |
3.119 |
|
|
|
|
|
Operating
Profit before Interest & Tax |
11.316 |
13.038 |
|
|
|
|
|
Financial
Expenses |
4.017 |
4.192 |
|
|
|
|
|
Operating Profit After
Interest before Tax |
7.299 |
8.846 |
|
|
|
|
|
Add: Interest Income |
0.000 |
0.000 |
|
|
|
|
|
Net
profit before tax |
7.299 |
8.846 |
|
|
|
|
|
Less: Provision for
Income Tax |
2.015 |
2.479 |
|
|
|
|
|
Net Profit after Interest & Tax |
5.284 |
6.367 |
|
|
|
|
|
NP % |
3.42 |
3.74 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. INDRA VISHINDAS
WADHWA
(INR IN MILLION)
|
PARTICULARS |
AMOUNT |
|
Capital as on 31.03.2018 |
14.378 |
|
|
|
|
Less: Other Assets as per CBD-23 |
6.631 |
|
|
---------- |
|
Total |
7.747 |
|
|
|
|
Add: Present Market Value of Assets of CBD-23 |
82.028 |
|
|
---------- |
|
NETWORTH |
89.775 |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
10.06.2017 |
|
|
|
|
Name of the Owner |
Mrs. Indra
Vishindas Wadhwa |
|
|
|
|
Brief description of the property |
It is a commercial premises being Land &/Or Building having a Ground and 1 upper floor, bearing “Room No. 15”, situated in Barrack No. 2029 |
|
|
|
|
Location, street, ward no. |
Sai Vasan Shah Bazar Link road, Ulhasnagar-421005 |
|
|
|
|
Survey/ Plot No. of Land |
Room No. 15, Barrack No. 2029 |
|
Fair Market Value |
INR 39.370 Million |
|
|
|
|
Open Market Price (a+5%) |
INR 41.339 Million |
|
|
|
|
Distress/ Forced Sale Value (a-10%) |
INR 35.433 Million |
|
|
|
|
Replacement Value for insurance purpose |
INR 2.454 Million |
-----------------------------------------------------------------------------------------------------------------------------
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 68.52 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
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.