|
|
|
MIRA INFORM REPORT
|
Report No. : |
495006 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHYAMBABA TRENDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
House No 290, Nehru Ward,
Near Karanja Chowk, Hinganghat, Nagpur - 442301, Maharashtra |
|
Mob. No.: |
91-9518795871 [Mr. Sarita Sharma] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
07.02.2018 [Provisional] |
|
|
|
|
Date of Incorporation
: |
27.03.2017 |
|
|
|
|
Com. Reg. No.: |
11-293044 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299MH2017PTC293044 |
|
|
|
|
IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GST No.: |
27AAYCS4056R1Z5 |
|
|
|
|
Udyog Aadhar No.: |
MH34B0007495 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAYCS4056R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of various types of Men’s and Women’s Garments (Ladies Top’s and Men’s Shirts). [Registered and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 27th March 2017. It will start its business activity from 1st April 2018. The company is a Manufacturing of various types of Men’s and Women’s Garments (Ladies Top’s and Men’s Shirts). As per the provisional financial records of 7th February 2018, the company possesses moderate financial position marked by below average net worth base. The subject’s bank (Dena Bank) has given positive feedback and is satisfied with the subject’s banking transaction. Business is active. No payment terms are known. In the view of subject’s infancy, dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable. 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 14.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mrs. Sarita Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9518795871 |
|
Date : |
13.03.2018 |
LOCATIONS
|
Registered/ Head Office : |
House No 290, Nehru Ward,
Near Karanja Chowk, Hinganghat, Nagpur - 442301, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9518795871 [Mrs. Sarita Sharma] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
Locality : |
Residential |
|
|
|
|
Factory: |
Plot No. 05, At Hinganghat Integrated Textile Park, Village Wani, Tahsil Hinganghat, District Wardha, Maharashtra, India |
|
Area: |
3014.88 Sq. Ft. |
|
Location : |
Leased |
|
Locality : |
Industrial |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mrs. Nidhi Ritesh Surana |
|
Designation : |
Director |
|
Address : |
Railway Contractor, Ram Mandir Ward, Hinganghat - 442301, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1979 |
|
Qualification: |
Graduate |
|
Work Experience: |
She is having vast commercial and management knowledge and having around 15 years of business experience in various business segments like Oil Mill, Work Contracts, and Manufacturing etc. She is associated with the business of Oil mill dealing in extraction of cotton seed oil in trade name and style as Mahavir Oil Mills as a partner. |
|
Date of Appointment : |
15.01.2018 |
|
PAN No.: |
BBJPS6676R |
|
DIN No.: |
08053651 |
|
Aadhar No.: |
305105408479 |
|
|
|
|
Name : |
Mrs. Sarita Sharma |
|
Designation : |
Director |
|
Address : |
Beside Dr. Karwa Hospital, Karanja Square Nehru Ward, Hinganghat - 442301, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1983 |
|
Qualification: |
Graduate |
|
Work Experience: |
She is having commercial and management knowledge and having around nine years of business experience in the various business segments of subcontracts of civil works, Infrastructure, etc. She is running construction sub-contractor business in trade name and style as. |
|
Date of Appointment : |
15.01.2018 |
|
PAN No.: |
DWCPS8938G |
|
DIN No.: |
08053678 |
|
Aadhar No.: |
863562776081 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Dharmendra Kastoorchand Sharma |
5000 |
50.00 |
|
Ritesh Subhashchand Surana |
5000 |
50.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of various types of Men’s and Women’s Garments (Ladies Top’s and Men’s Shirts). [Registered and also Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque, NEFT and RTGS |
|
|
|
|
Purchasing : |
Cheque, NEFT and RTGS |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Department Stores
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Warma Periwal and Associates Chartered Accountants |
|
Address : |
307, Kamdar Complex, Sewa Sadan Square, Gandhibagh Nagpur, Gujarat, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Mahavir Minerals |
CAPITAL STRUCTURE
AS ON 07.02.2018 [PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
07.02.2018 [Provisional] [11 Months] |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
0.000 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
|
19.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
19.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
3.869 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
3.869 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
0.000 |
|
(b)
Trade payables |
|
|
0.000 |
|
(c)
Other current liabilities |
|
|
0.000 |
|
(d)
Short-term provisions |
|
|
0.000 |
|
Total
Current Liabilities (4) |
|
|
0.000 |
|
|
|
|
|
|
TOTAL |
|
|
22.969 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
0.000 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
20.975 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
0.000 |
|
(e)
Other Non-current assets |
|
|
1.983 |
|
Total
Non-Current Assets |
|
|
22.958 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c)
Trade receivables |
|
|
0.000 |
|
(d)
Cash and cash equivalents |
|
|
0.011 |
|
(e)
Short-term loans and advances |
|
|
0.000 |
|
(f)
Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.011 |
|
|
|
|
|
|
TOTAL |
|
|
22.969 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
07.02.2018 [Provisional] [11 Months] |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share [EPS] |
|
|
0.00 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
07.02.2018 [Provisional] [11 Months] |
||
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
07.02.2018 [Provisional] [11 Months] |
||
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.17 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
07.02.2018 [Provisional] [11 Months] |
||
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
07.02.2018 [Provisional] [11 Months] |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.83 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
38.69 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
0.00 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 eleven months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last eleven months |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
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 |
----------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
|
07.02.2018 (INR
In Million) |
|
Ritesh Surana |
|
0.979 |
|
Dharmendra Surana |
|
0.240 |
|
Nidhi Surana |
|
0.150 |
|
Sarita Surana |
|
2.500 |
|
|
|
|
|
Total |
|
3.869 |
----------------------------------------------------------------------------------------------------------------------------
COST OF
PROJECT
(INR IN MILLION)
|
Particulars |
Amount |
Own Construction |
Bank Finance |
||
|
|
|
% |
Amount |
% |
Amount |
|
Land & site development |
2.500 |
100.00% |
2.500 |
0.00% |
0.000 |
|
|
|
|
|
|
|
|
Building |
17.000 |
100.00% |
17.000 |
0.00% |
0.000 |
|
|
|
|
|
|
|
|
Plant & machinery |
42.700 |
100.00% |
0.000 |
0.00% |
42.700 |
|
|
|
|
|
|
|
|
Pre-operative exp. incl. preop period |
2.700 |
0.00% |
2.700 |
100.00% |
0.000 |
|
|
|
|
|
|
|
|
Contingencies |
1.000 |
100.00% |
1.000 |
0.00% |
0.000 |
|
|
|
|
|
|
|
|
Margin for working capital |
10.000 |
100.00% |
10.000 |
0.00% |
0.000 |
|
|
|
|
|
|
|
|
Total |
75.900 |
|
33.200 |
|
42.700 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF
FINANCE
(INR IN MILLION)
|
Particulars |
Amount |
|
Share capital |
19.000 |
|
|
|
|
Quasi equity |
7.800 |
|
|
|
|
Term loan from bank |
42.700 |
|
|
|
|
Capital subsidy under central TUFS |
6.400 |
|
|
|
|
Total |
75.900 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF D.S.C.R
(INR
IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-19 [Projected] |
2019-20 [Projected] |
2020-21 [Projected] |
2021-22 [Projected] |
2022-23 [Projected] |
|
Profit after Tax & Dividends |
3.700 |
6.400 |
9.700 |
13.000 |
13.200 |
|
|
|
|
|
|
|
|
Add: Depreciation |
5.900 |
5.900 |
5.900 |
5.900 |
5.900 |
|
|
|
|
|
|
|
|
Cash Profit |
9.500 |
12.300 |
15.500 |
18.800 |
19.100 |
|
|
|
|
|
|
|
|
Add: Interest on Term Loan |
4.300 |
3.900 |
3.100 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
Cash Available for Payment |
13.800 |
16.100 |
18.700 |
21.200 |
20.700 |
|
|
|
|
|
|
|
|
Repayment of Term Loan |
- |
7.400 |
7.400 |
7.400 |
7.400 |
|
|
|
|
|
|
|
|
Interest on Term Loan |
4.300 |
3.900 |
3.100 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
Payment Obligation |
4.300 |
113.00 |
10.600 |
9.800 |
9.100 |
|
|
|
|
|
|
|
|
Debt Service
Coverage Ratio |
3.23 |
1.43 |
1.77 |
2.16 |
2.29 |
|
|
|
|
|
|
|
|
Weighted
Average DSCR |
2.21 |
||||
------------------------------------------------------------------------------------------------------------------------------
RATIOS
ANALSIS
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-19 [Projected] |
2019-20 [Projected] |
2020-21 [Projected] |
2021-22 [Projected] |
2022-23 [Projected] |
|
Profitability Ratios |
|
|
|
|
|
|
Gross Profit |
34.060 |
40.998 |
48.123 |
55.644 |
58.362 |
|
|
|
|
|
|
|
|
Net Profit Before Tax |
5.251 |
9.163 |
13.823 |
18.507 |
18.908 |
|
|
|
|
|
|
|
|
Sales |
208.100 |
248.600 |
278.400 |
310.700 |
327.400 |
|
|
|
|
|
|
|
|
Gross Profit Ratio |
16.37% |
16.49% |
17.29% |
17.91% |
17.83% |
|
|
|
|
|
|
|
|
Net Profit Ratio |
2.52% |
3.69% |
4.97% |
5.96% |
5.78% |
|
|
|
|
|
|
|
|
Total Outsider Liability |
85.967 |
80.819 |
77.599 |
74.787 |
69.274 |
|
|
|
|
|
|
|
|
Tangible Net Worth |
22.676 |
29.090 |
38.766 |
51.720 |
64.956 |
|
|
|
|
|
|
|
|
TOL/TNW Ratio |
3.79 |
2.78 |
2.00 |
1.45 |
1.07 |
|
|
|
|
|
|
|
|
Current Assets |
56.008 |
63.139 |
75.461 |
91.469 |
105.057 |
|
|
|
|
|
|
|
|
Current Liabilities |
35.467 |
37.747 |
41.955 |
46.571 |
48.486 |
|
|
|
|
|
|
|
|
Current Ratio |
1.58 |
1.67 |
1.80 |
1.96 |
2.17 |
|
|
|
|
|
|
|
|
Net Profit Before Interest After Tax |
7.948 |
10.282 |
12.801 |
1.5337 |
14.876 |
|
|
|
|
|
|
|
|
Gross Capital Employed Incl Term Loan |
65.376 |
64.362 |
66.610 |
72.136 |
77.944 |
|
|
|
|
|
|
|
|
Return on Gross Capital Employed |
12.16% |
15.98% |
19.22% |
21.26% |
19.09% |
|
|
|
|
|
|
|
|
Profit After Tax |
3.676 |
6.414 |
9.676 |
12.955 |
13.236 |
|
|
|
|
|
|
|
|
Own Contribution |
22.676 |
29.090 |
38.766 |
51.720 |
64.956 |
|
|
|
|
|
|
|
|
Return on Equity |
16.21% |
22.05% |
24.96% |
25.05% |
20.38% |
|
|
|
|
|
|
|
|
Debt Service Coverage Ratio |
3.23 |
1.43 |
1.77 |
2.16 |
2.29 |
|
|
|
|
|
|
|
|
Weighted Average DSCR |
2.21 |
||||
|
|
|
||||
|
IRR of Project |
14.40% |
||||
|
|
|
||||
|
Payback Period of Project |
4.46 Years |
||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR
IN MILLION)
|
Particulars |
OPERATING YEARS |
|||||
|
|
2017-18 [Estimated] |
2018-19 [Projected] |
2019-20 [Projected] |
2020-21 [Projected] |
2021-22 [Projected] |
2022-23 [Projected] |
|
SOURCES: |
|
|
|
|
|
|
|
Share Capital |
17.000 |
19.000 |
19.000 |
19.000 |
19.000 |
19.000 |
|
|
|
|
|
|
|
|
|
Reserves &
Surplus |
|
|
|
|
|
|
|
Opening Balance |
- |
- |
3.700 |
10.100 |
19.800 |
32.700 |
|
|
|
|
|
|
|
|
|
Add: Profit after Tax |
- |
3.700 |
6.400 |
9.700 |
13.000 |
13.200 |
|
|
|
|
|
|
|
|
|
Less: Dividend |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Total |
- |
3.700 |
10.100 |
19.800 |
32.700 |
46.000 |
|
|
|
|
|
|
|
|
|
Quasi Equity |
- |
7.800 |
7.800 |
7.800 |
7.800 |
7.800 |
|
|
|
|
|
|
|
|
|
Capital Subsidy under TUFS |
6.400 |
6.400 |
6.400 |
6.400 |
6.400 |
6.400 |
|
|
|
|
|
|
|
|
|
Loan Funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured Loans |
|
|
|
|
|
|
|
Term Loan from Bank |
42.700 |
42.700 |
35.300 |
27.800 |
20.400 |
13.000 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
Sundry Creditors and Other Payables |
- |
30.500 |
32.700 |
37.000 |
41.600 |
43.500 |
|
|
|
|
|
|
|
|
|
Working Capital Loan from Bank |
- |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
|
|
|
|
|
|
|
|
Total |
66.100 |
115.000 |
116.300 |
122.800 |
132.900 |
140.600 |
|
|
|
|
|
|
|
|
|
APPLICATION: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
Gross Block of Assets |
- |
64.900 |
64.900 |
64.900 |
64.900 |
64.900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions |
64.900 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Less: Depreciation till date |
- |
5.900 |
11.700 |
17.600 |
23.500 |
29.300 |
|
|
|
|
|
|
|
|
|
Net Block of Assets |
64.900 |
59.000 |
53.200 |
47.300 |
41.400 |
35.600 |
|
|
|
|
|
|
|
|
|
Current Assets,
Loans & Advances: |
|
|
|
|
|
|
|
Inventory |
|
|
|
|
|
|
|
Raw Material |
- |
7.200 |
8.100 |
9.100 |
10.200 |
10.700 |
|
|
|
|
|
|
|
|
|
Finished Goods |
- |
11.700 |
13.200 |
14.800 |
16.500 |
17.300 |
|
|
|
|
|
|
|
|
|
Stock in Process |
- |
2.600 |
3.000 |
3.300 |
3.700 |
3.900 |
|
|
|
|
|
|
|
|
|
Stock of Consumables |
- |
1.400 |
1.600 |
1.900 |
2.300 |
2.400 |
|
|
|
|
|
|
|
|
|
Receivables |
- |
21.700 |
25.900 |
29.000 |
32.400 |
34.100 |
|
|
|
|
|
|
|
|
|
Cash & Bank Balances |
1.200 |
11.300 |
11.300 |
17.300 |
26.500 |
36.700 |
|
|
|
|
|
|
|
|
|
Total |
66.100 |
115.000 |
116.300 |
122.800 |
132.900 |
140.600 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS
(INR
IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-19 [Projected] |
2019-20 [Projected] |
2020-21 [Projected] |
2021-22 [Projected] |
2022-23 [Projected] |
|
INCOME: |
|
|
|
|
|
|
Sales ( Net of Taxes) |
208.100 |
248.600 |
278.400 |
310.7 |
327.400 |
|
|
|
|
|
|
|
|
Total (A) |
208.100 |
248.600 |
278.400 |
310.7 |
327.400 |
|
|
|
|
|
|
|
|
EXPENDITURE: |
|
|
|
|
|
|
Raw Material Consumed |
115.300 |
129.700 |
145.200 |
162.000 |
170.200 |
|
|
|
|
|
|
|
|
Other Consumables |
22.300 |
26.300 |
30.900 |
36.100 |
37.900 |
|
|
|
|
|
|
|
|
Power, Steam and Water |
1.700 |
1.900 |
2.100 |
2.400 |
2.500 |
|
|
|
|
|
|
|
|
Other Production Expenses |
3.900 |
4.300 |
4.800 |
5.200 |
5.800 |
|
|
|
|
|
|
|
|
Plant Manpower Cost |
39.300 |
41.300 |
43.400 |
45.500 |
47.800 |
|
|
|
|
|
|
|
|
Depreciation |
5.900 |
5.900 |
5.900 |
5.900 |
5.900 |
|
|
|
|
|
|
|
|
Total |
188.400 |
209.400 |
232.200 |
257.100 |
270.000 |
|
|
|
|
|
|
|
|
Add: Opening Stock in Process |
- |
2.600 |
3.000 |
3.300 |
3.700 |
|
|
|
|
|
|
|
|
Less: Closing Stock in Process |
(2.600) |
(3.000) |
(3.300) |
(3.700) |
(3.900) |
|
|
|
|
|
|
|
|
Add: Opening Stock of FG |
- |
11.700 |
13.200 |
14.800 |
16.500 |
|
|
|
|
|
|
|
|
Less: Closing Stock of FG |
(11.700) |
(13.200) |
(14.800) |
(16.500) |
(17.300) |
|
|
|
|
|
|
|
|
Cost of Production |
174.000 |
2 07.600 |
230.300 |
2 55.100 |
269.000 |
|
|
|
|
|
|
|
|
Office & Administrative Expenses |
11.800 |
12.700 |
13.800 |
15.000 |
16.200 |
|
|
|
|
|
|
|
|
Selling & Marketing Expenses |
12.300 |
14.700 |
16.900 |
19.300 |
21.100 |
|
|
|
|
|
|
|
|
Total (B) |
198.100 |
235.100 |
261.000 |
89.300 |
306.400 |
|
|
|
|
|
|
|
|
Operating Profit
(A-B) |
10.000 |
13.500 |
17.400 |
21.400 |
21.000 |
|
|
|
|
|
|
|
|
Interest On Term Loan |
4.300 |
3.900 |
3.100 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
Interest On Cash Credit |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
Profit before Tax
(PBT) |
5.300 |
9.200 |
13.800 |
18.500 |
18.900 |
|
|
|
|
|
|
|
|
Income Tax |
1.600 |
2.700 |
4.100 |
5.600 |
5.700 |
|
|
|
|
|
|
|
|
Profit After Tax |
3.700 |
6.400 |
9.700 |
13.000 |
13.200 |
|
|
|
|
|
|
|
|
Less: Dividend |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Retained Earning |
3.700 |
6.400 |
9.700 |
13.000 |
13.200 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW STATEMENT
(INR
IN MILLION)
|
Particulars |
OPERATING YEARS |
|||||
|
|
2017-18 [Estimated] |
2018-19 [Projected] |
2019-20 [Projected] |
2020-21 [Projected] |
2021-22 [Projected] |
2022-23 [Projected] |
|
SOURCES OF FUNDS |
|
|
|
|
|
|
|
Retained Earning |
- |
3.700 |
6.400 |
9.700 |
13.000 |
13.200 |
|
|
|
|
|
|
|
|
|
Depreciation |
- |
5.900 |
5.900 |
5.900 |
5.900 |
5.900 |
|
|
|
|
|
|
|
|
|
Interest On Term Loan |
- |
4.300 |
3.900 |
3.100 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
|
Interest On Cash Credit |
- |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
|
Cash Profit Before Interest |
- |
14.300 |
16.600 |
19.200 |
21.700 |
21.200 |
|
|
|
|
|
|
|
|
|
Share Capital |
17.000 |
2.000 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Quasi Equity |
- |
7.800 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Term Loan Disbursement |
42.700 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Cash Credit Utilisation |
- |
5.000 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Receipt of Capital Subsidy- TUFS |
6.400 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Total |
66.100 |
29.100 |
16.600 |
19.200 |
21.700 |
21.200 |
|
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS: |
|
|
|
|
|
|
|
Land & Site Development |
2.500 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Building |
17.000 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Plant & Machinery |
42.700 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Pre-operative exp. incl. Preop period interest |
2.700 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
Increase/(Decrease) In Working Capital |
- |
14.200 |
4.900 |
2.100 |
2.200 |
1.500 |
|
|
|
|
|
|
|
|
|
Interest On Term Loan |
- |
4.300 |
3.900 |
3.100 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
|
Interest On Cash Credit |
- |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
|
Repayment of Term Loan |
- |
- |
7.400 |
7.400 |
7.400 |
7.400 |
|
|
|
|
|
|
|
|
|
Total |
64.900 |
19.000 |
16.700 |
13.200 |
12.500 |
11.000 |
|
|
|
|
|
|
|
|
|
Opening Cash & Bank Balances |
- |
1.200 |
11.300 |
11.300 |
17.300 |
26.500 |
|
|
|
|
|
|
|
|
|
Surplus/(Defecit) |
1.200 |
10.100 |
(0.000) |
6.000 |
9.200 |
10.200 |
|
|
|
|
|
|
|
|
|
Closing Cash Balance |
1.200 |
11.300 |
11.300 |
17.300 |
26.500 |
36.700 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. DHARMENDRA SHARMA
[GUARANTOR]
(INR IN MILLION)
|
Particulars |
31.01.2018 |
|
Fixed Assets |
|
|
Agricultural land at Mouza-Satefal, Hingaghat-4 Acres |
2.600 |
|
|
|
|
Open Plot at Mouza-sSawangi, Wardha |
1.900 |
|
|
|
|
In Jeweller & other personal assets |
1.500 |
|
|
|
|
Investment in business |
16.410 |
|
|
|
|
Cash & bank balance |
0.325 |
|
|
|
|
Government
securities |
|
|
LIC,PPF & Other |
0.675 |
|
|
|
|
LIABILITIES |
|
|
Outside liabilities |
0.000 |
|
|
------------- |
|
NET WORTH |
23.410 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. RITESH SURANA
[GUARANTOR]
(INR IN MILLION)
|
Particulars |
31.01.2018 |
|
Fixed Assets |
|
|
Agricultural land at Mouza-Satefal, Hingaghat-4 Acres |
2.300 |
|
|
|
|
Agricultural land at Satefal, Hinganghat |
2.600 |
|
|
|
|
In Jeweller & other personal assets |
1.600 |
|
|
|
|
Investment in
associate firms |
|
|
Capital of business-Mahavir oil mills, R S Surana |
13.125 |
|
|
|
|
In shares |
0.700 |
|
|
|
|
Investment in HITPPL |
4.200 |
|
|
|
|
Other Movable
Assets |
|
|
Vehicles |
1.700 |
|
|
|
|
Cash & bank balance |
0.225 |
|
|
|
|
Government
securities |
|
|
LIC,PPF & Other |
2.100 |
|
|
|
|
LIABILITIES |
|
|
Outside liabilities |
(3.869) |
|
|
------------- |
|
NET WORTH |
24.681 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. NIDHI RITESH JAIN
[DIRECTOR]
(INR IN MILLION)
|
Particulars |
31.01.2018 |
|
Fixed Assets |
|
|
Industrial land at Mouza-Satephl, Gaon No. 2012, 203, 204/2 PH No. 33, Taluka-Hingaghta, Distrct-Wardha. Admeasuring 10100 Sq. Mtrs, 11600 Sq. Mtrs, 11300 sq. Mtrs respectively |
27.800 |
|
|
|
|
Non-Agricultural land at Mouza-Satefal, Hinganghat |
22.200 |
|
|
|
|
In Jeweller & other personal assets |
3.200 |
|
|
|
|
Investment in |
|
|
Mahveer Oil Mills |
6.100 |
|
|
|
|
Shyambaba Trends Private Limited |
4.600 |
|
|
|
|
Cash & bank balance |
0.250 |
|
|
|
|
Government
securities |
|
|
LIC,PPF & Other |
1.750 |
|
|
|
|
LIABILITIES |
|
|
Outside liabilities |
(0.250) |
|
|
------------- |
|
NET WORTH |
65.650 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. SARITA DHARMENDRA
SHARMA [DIRECTOR]
(INR IN MILLION)
|
Particulars |
31.01.2018 |
|
Fixed Assets |
|
|
Plot at Ram Mandir Ward Hinganghat-50% Share |
3.400 |
|
|
|
|
Other movable assets |
0.450 |
|
|
|
|
Jeweller & other personal assets |
0.900 |
|
|
|
|
Loan & advances |
1.500 |
|
|
|
|
Cash & bank balance |
0.150 |
|
|
|
|
Investments |
|
|
In shares |
16.975 |
|
|
|
|
LIC,PPF & Other |
0.400 |
|
|
|
|
LIABILITIES |
|
|
Outside liabilities |
(0.245) |
|
|
------------- |
|
NET WORTH |
23.530 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Subject is a company formed under Companies Act 2013 by two young entrepreneurs namely Mrs. Sarita Sharma and Mrs. Nidhi Surana. Company is incorporated on 29th March 2017. Company is established with the object of Carrying business of manufacturing of Menswear and ladies wear garments specifically Men’s Shirts and Ladies tops.
The Authorized Share Capital of the company is INR 0.100 million divided into 10,000 equity shares of INR 10/- each, out of which company has issued and paid up Share Capital of the Company is INR 0.100 million divided into 10,000 equity shares of INR 10/- each. However, Company has to estimate to infuse INR 21.000 million by way of equity share capital.
AVAILABILITY OF OTHER
RESOURCES
Raw Material:- Key Raw material for garmenting industry is Fabric. Being located in Integrated Textile Park is an advantage to Shaymbaba over other players of the industry. Company has the association with largest and reliable manufacturers of fabrics present in the region like Gimatex and various others. Gimatex is the one of the leading promoter of Textile Park who has fabric manufacturing at Textile Park. Shyambaba Trends can procure raw material at substantially low cost on regular basis than others. Other required consumables are easily available in nearby regions.
Manpower: - The requirement will be meet by local population. All the skilled and unskilled labour will be available in local area in and around Hinganghat. Further Company will conduct regular training programmes for skill up gradation of its employees.
Power & Electricity, Steam, Water: Requirement of Power will be around 85 KWs for the Project and it is already available in Hinganghat Integrated Textile Park. Steam, Water required for production process will be provided by Hinganghat Integrated Textile Park.
Transportation: Transportation is basic necessity for the Unit. The unit is well connected with the other parts of the Districts by road and Railway. Factory Area is situated in hinganghat, Wardha. Hence this place is directly linked with Yavatmal, Nagpur.
MARKET SEGMENT AND
MARKET POTENTIAL:
India has the ecosystem from fibre to fashion, both in cotton and man-made fibre, an abundant and young labour force, a vibrant domestic market and a good second largest exporter of textiles, apparel and made-ups in the world. The textile and apparel sector plays a critical role in the Indian economy. Next to food, it is the single largest component of the consumer basket. The sector is the second largest employer after agriculture with direct employment of over 5 crore and indirect employment of over 6 crore people As per the Report from Edelweiss Broking Limited, As fast fashion brands expand and online shopping gains momentum, the branded garments segment will grow to 48% of the overall readymade garments segment in 2019, from 35% in 2014. The men’s apparel segment clocked an annual growth rate of 10% over 2010-2015 and is estimated to post 8% by 2020, growing from $13 billion currently to $19 billion. The women’s apparel segment, which clocked a 9.5% CAGR over 2010-2015, is expected to post an 8.5% CAGR by 2020. The readymade garments market is estimated at $45 billion, of which the domestic market is around $27 billion, while exports stand at $18 billion. The Indian branded apparel industry is estimated to be $10 billion in size and growing at 10-12% per annum. Even the online retailing market is expected to grow to $44 billion by 2018 from $13 billion in 2014, with apparel being one of the biggest beneficiaries, accounting for 31% of online retail.
Interestingly in India, womenswear constitutes only 41% of the market versus 48% share of menswear. Globally, womenswear is a bigger market than menswear. Also, the womenswear segment is highly fragmented with only 5% share going to organised retail.
To be sure retailers are also now focusing on womenswear for growth. For instance, Allen Solly, which started as a menswear brand in 1993, subsequently got into womenswear. However, in the coming years this is set to change. In segments like fast fashion, brands like Zara, Westside and Max Retail are focusing on womenswear. The fast fashion segment is the largest in the Indian apparel market with 25% market share.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date of Valuation |
10.01.2018 |
|
|
|
|
Name of the Owner |
MAHAVIR MINERALS through proprietor MRS. NIDHI RITESH JAIN |
|
|
|
|
Location, Street, Ward No |
Survey No. 202, 203, 204/2, P H No. 33, Mouza
No. 165, Mouza Satephal, Tahsil - Hinganghat, District - Wardha |
|
Land Value of the property |
INR 17.582 Million |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 64.96 |
|
UK Pound |
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.09 |
INFORMATION
DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.