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|
MIRA INFORM REPORT
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Report No. : |
490829 |
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Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FOX PETROSPECIALITIES PRIVATE LIMITED |
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Registered
Office : |
Khasra No 64/10/3 & 11/1, Ground Floor, Village Mundka Main Rohtak Road, Near Shiv Shankar Property, New Delhi-110041 |
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Mob. No.: |
91-9999443360 [Mr. Ankush Garg] |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
12.01.2016 |
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Com. Reg. No.: |
55-289540 |
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Capital
Investment / Paid-up Capital : |
INR 0.100
Million |
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|
|
CIN No.: [Company Identification
No.] |
U23200DL2016PTC289540 |
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|
|
IEC No.: |
Not Divulged |
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GST No.: |
07AACCF7265P1Z1 |
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TIN No.: |
07137108313 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCF7265P |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer of Greases, Lubricant Oil, etc. [Confirmed by Management] · Manufacturer of Lubricating Oils, Petro Chemicals and Petroleum Products and its Bye-Products. [Registered Activity and also As per Memorandum of Association] |
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No. of Employees
: |
19 (Approximately) [In Office: 04, In Factory: 15] |
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2016. It is a manufacturer of Greases and Lubricant Oil and it sells its product under the brand name of “Fox”. Mr. Ankush Garg (Director) has claimed that subject has commenced its business operation from September 2016. For the financial year 2017, the company has earned revenue of INR 6.72 along with fair profit margin of (27.17%). The moderate financial profile of the company is marked by modest networth base along with slightly high debt balance sheet profile. Rating is constrained on account of limited track record of the company. However, rating weakness is partially offset by the company’s favourable Earning Per Share (EPS) of INR 182.60 against a face value (FV) of INR 10. Furthermore, we have received satisfactory feedback regarding the business transactions from its Supplier (Growtech industry and Gold Oil Corporation). Customer (Kafila Forge Limited and A.P.C.I Lubricants) also gave positive feedback and claimed that they are satisfied with subject’s product quality and delivery. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject at the given address. At the premises our executive met Mr. Rajesh Kumar Gupta (Partner of G.S Bharat Refinery) and Mr. Ankush Garg (Director) and they claimed that subject is situated on the given address and also provided contact email id. During the site visit our executive also enquired vicinity and they are aware about the subject. As per our executive’s observation it is a shed type premises. Location was easy to find and locality appears to be industrial. Area seems to be neutral. Total area of premises is 9038 (sq. ft.) and 15 employees were sighted at the premises. Name board of “Fox Lubricants and Greases” was sighted which is brand name and line of business of the company. |
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 19.03.2018.
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 : |
Mr. Ankush Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9999443360 |
|
Date : |
16.03.2018 |
[Given number 9899511800 is
ringing]
LOCATIONS
|
Registered Office/ Factory : |
Khasra No 64/10/3 & 11/1, Ground Floor, Village Mundka Main Rohtak Road, Near Shiv Shankar Property, New Delhi-110041, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9999443360 [Mr. Ankush Garg] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
9038 Sq. Ft. |
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Location : |
Rented |
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Locality : |
Industrial [As per site visit] |
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|
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Head Office : |
Plot No.48, 204, Vinay House, Sector-19C, Vashi,
Mumbai-400703, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Anmol Gupta |
|
Designation : |
Director |
|
Address : |
C-75, Ground Floor, Shivaji Park, Near Agrsen Hopital, Punjabi Bagh
West, New Delhi-110026, India |
|
Date of Birth/Age : |
30.07.1997 |
|
Qualification : |
Graduate |
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Experience : |
2 Years |
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Date of Appointment : |
18.07.2017 |
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PAN No.: |
BXPPG9473C |
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Aadhar No : |
465516654609 |
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DIN No.: |
07887987 |
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|
|
|
Name : |
Mr. Ankush Garg |
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Designation : |
Director |
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Address : |
A-2/163, Sector 3, Rohini, New Delhi-110085, India |
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Date of Birth/Age : |
21.09.1993 |
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Qualification : |
Graduate |
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Experience : |
6 Years |
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Date of Appointment : |
12.01.2016 |
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PAN No.: |
BBDPG1995F |
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Aadhar No : |
536688029545 |
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DIN No.: |
07378651 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ankush Garg |
5000 |
50.00 |
|
Nitin Agrawal |
5000 |
50.00 |
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|
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Total |
10000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer of Greases, Lubricant Oil, etc. [Confirmed by Management] · Manufacturer of Lubricating Oils, Petro Chemicals and Petroleum Products and its Bye-Products. [Registered Activity and also As per Memorandum of Association] |
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Products/ Services : |
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Brand Names : |
“FOX” |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Credit [90 Days] |
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Purchasing : |
Credit [30 Days] |
PRODUCTION STATUS:
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Greases |
500 Kg Per Day |
400 Kgs Per Day |
|
Lubricant Oils |
500 Lt Per Day |
500 Ltr Per Day |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
19 (Approximately) [In Office: 04, In Factory: 15] |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B.P. Associates LLP Chartered Accountants |
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Address : |
M-76, LGF, DDA Site-1, New Rajendra Nagar, New Delhi-110060, India |
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Tel. No.: |
91-11-30742624 |
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Mobile No.: |
91-9871800809 |
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E-Mail : |
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PAN No.: |
AAQFB8506Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concerns : |
· Royal Refinery · G.S. Bharat Refinery |
CAPITAL STRUCTURE
AFTER: 29.09.2017
Authorised Capital : INR
2.500 Million
Issued, Subscribed & Paid-up Capital : INR 0.100 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
(1.866) |
(0.041) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(1.766) |
0.059 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
7.031 |
0.550 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.004 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
7.031 |
0.554 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
3.352 |
0.100 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
0.056 |
0.000 |
|
Total
Current Liabilities (4) |
|
3.408 |
0.100 |
|
|
|
|
|
|
TOTAL |
|
8.673 |
0.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
6.186 |
0.367 |
|
(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) |
|
0.286 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
6.472 |
0.367 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1.263 |
0.022 |
|
(c)
Trade receivables |
|
0.589 |
0.000 |
|
(d)
Cash and cash equivalents |
|
0.317 |
0.302 |
|
(e)
Short-term loans and advances |
|
0.032 |
0.000 |
|
(f)
Other current assets |
|
0.000 |
0.022 |
|
Total
Current Assets |
|
2.201 |
0.346 |
|
|
|
|
|
|
TOTAL |
|
8.673 |
0.713 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
6.720 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
6.720 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
7.342 |
0.023 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(1.240) |
(0.023) |
|
|
|
Other Administrative expenses |
|
1.119 |
0.021 |
|
|
|
TOTAL |
|
7.221 |
0.021 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
(0.501) |
(0.021) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(0.501) |
(0.021) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.615 |
0.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(2.116) |
(0.037) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(0.290) |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(1.826) |
(0.041) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
(182.60) |
(4.10) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
31.99 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
11.41 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
166.64 |
1586.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
(0.40) |
(0.94) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
(0.08) |
(0.06) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
1.20 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
(3.98) |
9.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
(1.93) |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
(3.50) |
6.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
(27.17) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
(21.05) |
(5.75) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
103.40 |
(69.49) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
0.65 |
3.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.28 |
3.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
(0.20) |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
70.31 |
5.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
0.65 |
3.46 |
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 |
|
Share Capital |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.041) |
(1.866) |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net
worth |
0.059 |
(1.766) |
|
|
|
|
|
long-term borrowings |
0.550 |
7.031 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.550 |
7.031 |
|
Debt/Equity
ratio |
9.322 |
(3.981) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
6.720 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
6.720 |
|
Profit/ (Loss) |
(0.041) |
(1.826) |
|
|
|
(27.17%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 : |
FOX PETROSPECIALITIES PRIVATE LIMITED |
|
|
|
|
Address : |
Khasra No 64/10/3 & 11/1, Ground Floor, Village Mundka Main Rohtak Road, Near Shiv Shankar Property, New Delhi-110041, India |
|
E-Mail : |
|
|
|
|
|
Date of Visit : |
12.02.2018 |
|
|
|
|
Person to whom we met: |
Mr. Rajesh Kumar Gupta (Partner of G.S Bharat Refinery) Mr. Ankush Garg [Director] |
|
|
|
|
Name Board : |
Not Sighted [Name board of “Fox Lubricants and Greases” was sighted which is brand name and line of business of the company.] |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Mundka Metro Station |
|
|
|
|
Total Floors of the Building : |
Shed Type Premises |
|
|
|
|
Subject situated on: |
Shed Type Premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of Premises : |
9038 Sq. Ft. |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
15 [Approx.] |
|
|
|
|
Visibility of
Items: |
·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture Items
Sighted: |
Proper Office Furniture |
|
|
|
|
Neighbours Interview : |
During the site visit our executive also enquired vicinity and they are aware about the subject. |
|
|
|
|
Proof of visit: |
Visiting Card and Photos |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR In Million) |
31.03.2016 (INR
In Million) |
|
Loans from Directors |
2.550 |
0.550 |
|
|
|
|
|
Total |
2.550 |
0.550 |
-----------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
|
1. Gross sales |
|
|
|
i) Domestic sales |
150.000 |
200.000 |
|
|
|
|
|
ii) Export sales |
--- |
--- |
|
|
|
|
|
Total |
150.000 |
200.000 |
|
|
|
|
|
2. Less excise duty |
--- |
--- |
|
|
|
|
|
3. Net sales [1-2] |
150.000 |
200.000 |
|
|
|
|
|
4. % age rise (+) or fall (-)
in net sales as compared to previous
year (annualised) |
2132.14% |
33.33% |
|
|
|
|
|
5. Cost of sales |
|
|
|
Raw materials (including stores
and other items used in the process of manufacture) |
145.500 |
172.500 |
|
|
|
|
|
(a) Imported |
--- |
--- |
|
|
|
|
|
(b) Indigenous |
145.500 |
172.500 |
|
|
|
|
|
ii) Others Stores |
|
|
|
|
|
|
|
(a) Imported |
--- |
--- |
|
|
|
|
|
(b) Indigenous |
0.500 |
0.550 |
|
|
|
|
|
iii) Power and Fuel |
0.600 |
0.800 |
|
|
|
|
|
iv) Direct Labour (Factory wages and
salaries) |
1.200 |
1.500 |
|
|
|
|
|
v)
Other Manufacturing Expenses |
--- |
--- |
|
|
|
|
|
vi) Depreciation |
1.774 |
1.774 |
|
|
|
|
|
vii) SUB-TOTAL (i to vii) |
149.574 |
177.124 |
|
|
|
|
|
viii)
Add: Opening stocks-in-process |
--- |
--- |
|
|
|
|
|
Sub-total (vii + viii) |
149.574 |
177.124 |
|
|
|
|
|
ix)
Deduct: Closing stocks-in-process |
--- |
--- |
|
|
|
|
|
x)
Cost of Production |
149.574 |
177.124 |
|
|
|
|
|
xi) Add : Opening stock of Finished Products |
1.263 |
12.500 |
|
|
|
|
|
Sub-total (x + xi) |
150.837 |
189.624 |
|
|
|
|
|
xii) Deduct: Closing stock of Finished
Products |
12.500 |
15.000 |
|
|
|
|
|
xiii) Sub-total (Total Cost of sales) |
138.337 |
174.624 |
|
|
|
|
|
6. Selling, general & administrative expenses |
5.000 |
14.400 |
|
|
|
|
|
7. SUB-TOTAL [5+6] |
143.337 |
189.024 |
|
|
|
|
|
8.
Operating profit before interest (3-7) |
6.663 |
10.976 |
|
|
|
|
|
9. Interest |
2.500 |
2.500 |
|
|
|
|
|
10. Operating profit after interest (8-9) |
4.163 |
8.476 |
|
|
|
|
|
11. (i) Add: Other
non-operating income |
|
|
|
|
|
|
|
a) Job Work Income |
--- |
--- |
|
b) Interest |
--- |
--- |
|
c) Dividend |
--- |
--- |
|
d) Miscellaneous Income |
--- |
--- |
|
|
|
|
|
Sub-Total (Income) |
--- |
--- |
|
|
|
|
|
(ii) Deduct other non-operating
expenses |
|
|
|
|
|
|
|
a) Mis. Exp. Written off |
--- |
--- |
|
b) Job work expense |
--- |
--- |
|
c) Prior year adjustment |
--- |
--- |
|
d) |
--- |
--- |
|
|
|
|
|
Sub-Total (Expenses) |
--- |
--- |
|
|
|
|
|
(iii) Net of other non-operating income/
expenses [net of 11(i) & 11 (ii)] |
--- |
--- |
|
|
|
|
|
12. Profit before tax/loss
[10+11(iii)] |
4.163 |
8.476 |
|
|
|
|
|
13. Provision for taxes |
0.200 |
1.500 |
|
|
|
|
|
14. Net Profit/ Loss [12-13] |
3.963 |
6.976 |
|
|
|
|
|
15. (a) Equity Dividend
paid-amount (Already paid + B.S. provision) |
--- |
--- |
|
|
|
|
|
(b) Dividend Rate (% age) |
--- |
--- |
|
|
|
|
|
16. Retained profit (14-15) |
3.963 |
6.976 |
|
|
|
|
|
17. Retained profit/ Net profit
(% age) |
100.00% |
100.00% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
|
CURRENT LIABILITIES |
|
|
|
1.Short-term borrowings from
banks (including bills purchased discounted & excess borrowing placed on
repayment basis) |
|
|
|
|
|
|
|
(i)
From applicant bank |
25.000 |
25.000 |
|
|
|
|
|
(ii) From other banks |
--- |
--- |
|
|
|
|
|
(iii) (of which BP & BD) |
--- |
--- |
|
|
|
|
|
Sub total (A) |
25.000 |
25.000 |
|
|
|
|
|
2. Short term borrowings from
others |
--- |
--- |
|
|
|
|
|
3. Sundry creditors (Trade) |
2.500 |
3.500 |
|
|
|
|
|
4. Advance payments from
customers/ deposits from dealers |
--- |
--- |
|
|
|
|
|
5. Provision for taxation |
0.200 |
1.500 |
|
|
|
|
|
6. Dividend payable |
--- |
--- |
|
|
|
|
|
7. Other statutory liabilities
(due within 1 year) |
1.200 |
1.200 |
|
|
|
|
|
8. Deposits/ Instalments of
term loans/DPGs/Debentures, etc. (due
within 1 year) |
--- |
--- |
|
|
|
|
|
9. Other current liabilities
and Provisions (due within 1 year) (Specify major items) |
0.400 |
0.400 |
|
a. Creditors for Expenses |
0.400 |
0.400 |
|
|
|
|
|
b. Creditors for CAPEX |
--- |
--- |
|
|
|
|
|
c. Others |
--- |
--- |
|
|
|
|
|
d. |
--- |
--- |
|
|
|
|
|
Sub-Total (B) |
4.300 |
6.600 |
|
|
|
|
|
10. Total Current Liabilities
(A+B) |
29.300 |
31.600 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
11.Debentures (Not maturing
within 1 years) |
--- |
--- |
|
|
|
|
|
12.Prefrence shares (Redeemable
after 1 year) |
--- |
--- |
|
|
|
|
|
13.Term loans (Excluding
Installments Payable within 1 Year) |
3.481 |
2.281 |
|
|
|
|
|
14. Deferred Payment Credits
(Excluding Installments Due within 1 Year) |
--- |
--- |
|
|
|
|
|
15.Term deposits (repayable
after 1 year) |
--- |
--- |
|
|
|
|
|
16.Other term liabilities |
--- |
--- |
|
|
|
|
|
17. TOTAL TERM LIABILITIES (11
to 16) |
3.481 |
2.281 |
|
|
|
|
|
18. TOTAL OUTSIDE LIABILITIES
(10 +17) |
32.781 |
33.881 |
|
|
|
|
|
NET WORTH |
|
|
|
19.Ordinary Share Capital |
0.100 |
0.100 |
|
|
|
|
|
20.General reserve |
9.296 |
9.272 |
|
|
|
|
|
21. Revaluation Reserve |
--- |
--- |
|
|
|
|
|
22.Other reserves (excluding
provisions) |
--- |
--- |
|
|
|
|
|
23.Surplus (+) or deficit (-)
in Profit & Loss account |
--- |
--- |
|
|
|
|
|
23.a. Others |
|
|
|
Quasi Capital |
2.000 |
2.000 |
|
|
|
|
|
Loan from Directors |
7.000 |
7.000 |
|
|
|
|
|
24. NET WORTH |
11.396 |
18.372 |
|
|
|
|
|
25. TOTAL LIABILITIES (18+24) |
44.177 |
52.253 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
26.Cash and bank balances |
0.365 |
1.215 |
|
|
|
|
|
27.Investments
(other than Long Term) |
|
|
|
(i) Government & other trustee
securities |
--- |
--- |
|
|
|
|
|
(ii) Fixed deposits with bank |
--- |
--- |
|
|
|
|
|
28.(i) Receivables other than
deferred and export (Including Bills Purchased and Discounted by Banks) |
25.000 |
31.500 |
|
|
|
|
|
(ii)Export receivables (Including Bills
Purchased/ Discounted by Banks) |
--- |
--- |
|
|
|
|
|
29.Instalments of deferred
receivables (Due within 1 Year) |
--- |
--- |
|
|
|
|
|
30.Inventory: |
12.500 |
15.000 |
|
(i)
Raw materials (including stores and other items used in the process of
manufacture) |
|
|
|
a) Imported |
--- |
--- |
|
|
|
|
|
b) Indigenous |
--- |
--- |
|
|
|
|
|
(ii) Stock in Process |
--- |
--- |
|
|
|
|
|
(iii) Finished goods |
12.500 |
15.000 |
|
|
|
|
|
(iv) Other consumable Spares |
|
|
|
a) Imported |
--- |
--- |
|
|
|
|
|
b) Indigenous |
--- |
--- |
|
|
|
|
|
31.Advances to suppliers of Ram
materials and Stores/ Spares |
0.500 |
0.500 |
|
|
|
|
|
32.Advance payment of taxes |
--- |
--- |
|
|
|
|
|
33.Other current assets
(Specify major items) |
|
|
|
|
|
|
|
--- |
--- |
|
--- |
--- |
|
|
--- |
--- |
|
|
--- |
--- |
|
|
|
|
|
34. TOTAL CURRENT ASSETS (26 to
33) |
38.365 |
48.215 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
35.Gross Block (Land and
Building, Machinery, Work-in-Progress) |
9.201 |
9.201 |
|
|
|
|
|
36.Depreciation to date |
3.389 |
5.163 |
|
|
|
|
|
37. NET BLOCK (35-36) |
5.812 |
4.038 |
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
38.Investments/book debts/
Advances/ Deposits which are not Current Assets |
--- |
--- |
|
(i) a) Investments in subsidiary companies/
affiliates |
--- |
--- |
|
|
|
|
|
b) Others |
--- |
--- |
|
|
|
|
|
(ii) Advances to suppliers of capital goods
and Contractors |
--- |
--- |
|
|
|
|
|
(iii) Deferred receivables (Maturity Exceeding
1 Year) |
--- |
--- |
|
|
|
|
|
(iv) Others |
|
|
|
|
|
|
|
a. Deff Tax Assets |
--- |
--- |
|
b. |
--- |
--- |
|
c. |
--- |
--- |
|
d. |
--- |
--- |
|
|
|
|
|
39. Non-consumables stores and
spares |
--- |
--- |
|
|
|
|
|
40.Other non-current assets
including dues from directors |
--- |
--- |
|
|
|
|
|
41. TOTAL OTHER NON-CURRENT
ASSETS (38 to 40) |
--- |
--- |
|
|
|
|
|
42. Intangible assets (patents,
good will, prelim. Expenses, Bad/ doubtful debts not provided for, etc) |
--- |
--- |
|
|
|
|
|
43. TOTAL ASSETS (34+37+41+ 42) |
44.177 |
52.253 |
|
|
|
|
|
44. TANGIBLE NET WORTH (24-42) |
11.396 |
18.372 |
|
|
|
|
|
45. NET WORKING CAPITAL (34-10) |
9.065 |
16.615 |
|
|
|
|
|
46. Current Ratio (34/10) |
1.31 |
1.53 |
|
|
|
|
|
47. Total Outside Liability/
Tangible Net Worth (18/44) |
2.88 |
1.84 |
|
|
|
|
|
48. Total Term Liabilities/
Tangible Net Worth (17/44) |
0.31 |
0.12 |
-----------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
1 Sources |
|
|
|
|
|
|
|
a) Net Profit |
3.963 |
6.976 |
|
|
|
|
|
b) Depreciation |
1.774 |
1.774 |
|
|
|
|
|
c) Increase in
Capital |
--- |
--- |
|
|
|
|
|
d) Increase in Term
Liabilities (Including Public Deposits)
|
0.200 |
--- |
|
|
|
|
|
e) Decrease
in |
|
|
|
|
|
|
|
i ) Fixed
Assets |
--- |
--- |
|
|
|
|
|
ii) Other
Non-Current Assets |
0.286 |
--- |
|
|
|
|
|
f) Others |
6.650 |
--- |
|
|
|
|
|
g) TOTAL |
12.873 |
8.750 |
|
|
|
|
|
2 Uses |
|
|
|
a) Net Loss |
--- |
--- |
|
|
|
|
|
b) Decrease in
Term Liabilities (Including Public Deposits) |
--- |
1.200 |
|
|
|
|
|
c) Increase
in |
|
|
|
|
|
|
|
i ) Fixed
Assets |
1.400 |
--- |
|
|
|
|
|
ii) Other Non-Current Assets |
--- |
--- |
|
|
|
|
|
d) Dividend
Payments |
--- |
--- |
|
|
|
|
|
e) Others |
--- |
0.000 |
|
|
|
|
|
f) Total |
1.400 |
1.200 |
|
|
|
|
|
3 Long Term Surplus (+) / Deficit (-) ( 1 - 2 ) |
11.473 |
7.550 |
|
|
|
|
|
4 Increase / Decrease in Current Assets |
36.164 |
9.850 |
|
|
|
|
|
5 Decrease in
Current Liabilities other than Bank
borrowings |
(0.309) |
2.300 |
|
|
|
|
|
6 Increase / Decrease in Working Capital
Gap |
36.473 |
7.550 |
|
|
|
|
|
7 Net Surplus (+) / Deficit (-) (3-6) |
(25.000) |
0.000 |
|
|
|
|
|
8 Increase / Decrease in Bank Borrowings |
25.000 |
--- |
|
|
|
|
|
9. Increase/decrease
in NET SALES |
143.280 |
50.000 |
|
|
|
|
|
*Break-Up of item-4 |
|
|
|
i) Increase / Decrease in Raw Materials |
--- |
--- |
|
|
|
|
|
ii) Increase / Decrease in Stocks in
Process |
--- |
--- |
|
|
|
|
|
iii) Increase / Decrease in Finished Goods |
11.237 |
2.500 |
|
|
|
|
|
iv) Increase /
Decrease in Receivables
|
|
|
|
(a) Domestic |
24.411 |
6.500 |
|
|
|
|
|
(b) Exports |
--- |
--- |
|
|
|
|
|
v) Increase /
Decrease in Stores and Spares
|
--- |
--- |
|
|
|
|
|
vi) Increase /
Decrease in Other Current Assets
|
0.516 |
0.850 |
|
|
|
|
|
Total |
36.164 |
9.850 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
AND CURRENT LIABILITIES
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
A |
CURRENT ASSETS |
|
|
|
|
|
|
|
|
1 |
Raw
materials (including store and other items used in the process of manufacture) |
|
|
|
|
(a)
Imported |
--- |
--- |
|
|
Month’s Consumption |
--- |
--- |
|
|
|
|
|
|
|
(b)
Indigenous |
--- |
--- |
|
|
Month’s Consumption |
--- |
--- |
|
|
|
|
|
|
2 |
Other consumables Spares, Excluding those included
in 1 above |
|
|
|
|
(a)
Imported |
--- |
--- |
|
|
Month’s Consumption |
--- |
--- |
|
|
|
|
|
|
|
(b)
Indigenous |
--- |
--- |
|
|
Month’s Consumption |
--- |
--- |
|
|
|
|
|
|
3 |
Stocks in progress |
--- |
--- |
|
|
Month's cost of production |
--- |
--- |
|
|
|
|
|
|
4 |
Finished
Goods |
12.500 |
15.000 |
|
|
Month's Cost of Sales |
(1.08) |
(1.03) |
|
|
|
|
|
|
5 |
Receivables
other than Exports and Deferred Receivables (Including Bills Purchased and Discounted
by Bankers) |
25.000 |
31.500 |
|
|
Month's domestic sales: excluding deferred payment sales |
(2.00) |
(1.89) |
|
|
|
|
|
|
6 |
Export
Receivables (Including Bills Purchased and Discounted) |
--- |
--- |
|
|
Month's Export Sales |
--- |
--- |
|
|
|
|
|
|
7 |
Advances
to suppliers of raw material and stores/ Spares, consumables |
0.500 |
0.500 |
|
|
|
|
|
|
8 |
Other Current Assets including Cash and
Bank Balance and Deferred Receivables due within One Year |
0.365 |
1.215 |
|
|
|
|
|
|
|
Cash and Bank Balances |
0.365 |
1.215 |
|
|
|
|
|
|
|
Investments
(other than long term): |
|
|
|
|
i. Govt. and other trustee securities |
--- |
--- |
|
|
|
|
|
|
|
ii. Fixed Deposits with banks |
--- |
--- |
|
|
|
|
|
|
|
Instalments of deferred receivables (due within 1 year) |
--- |
--- |
|
|
|
|
|
|
|
Advance payment of taxes |
--- |
--- |
|
|
|
|
|
|
|
Other current assets |
--- |
--- |
|
|
|
|
|
|
9 |
TOTAL CURRENT
ASSETS (To agree with item
34 in form III) |
38.365 |
48.215 |
|
|
|
|
|
|
B |
CURRENT
LIABILITIES (Other than bank borrowing for working
capital) |
|
|
|
|
|
|
|
|
10 |
Creditors
for Purchases of raw material, stores and consumables spares |
2.500 |
3.500 |
|
|
Month’s
Purchases |
(0.21) |
(0.24) |
|
|
|
|
|
|
11 |
Advances
from customers |
--- |
--- |
|
|
|
|
|
|
12 |
Statutory
Liabilities |
1.200 |
1.200 |
|
|
|
|
|
|
13 |
Other
Current Liabilities |
0.600 |
1.900 |
|
|
|
|
|
|
|
Short term borrowings from others |
--- |
--- |
|
|
|
|
|
|
|
Provisions
for Taxation |
0.200 |
1.500 |
|
|
|
|
|
|
|
Dividend
Payable |
--- |
--- |
|
|
|
|
|
|
|
Deposits / instalments of term loans / DPGs / debentures etc. (due within 1 year) |
--- |
--- |
|
|
|
|
|
|
|
Other current liabilities & provisions (due within 1 year) |
0.400 |
0.400 |
|
|
|
|
|
|
14 |
TOTAL (To agree with
total B of form III) |
4.300 |
6.600 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
|
FIRST METHOD OF
LENDING |
|
|
|
1 |
Total Current Assets (Form-IV-9) |
38.365 |
48.215 |
|
|
|
|
|
|
2 |
Other Current Liabilities (other than bank borrowings (Form-IV-14) |
4.300 |
6.600 |
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
34.065 |
41.615 |
|
|
|
|
|
|
4 |
Min. stipulated net working capital: (25% of WCG excluding export receivables) |
8.516 |
10.404 |
|
|
|
|
|
|
5 |
Actual / Projected net working capital (Form-III-45) |
9.065 |
16.615 |
|
|
|
|
|
|
6 |
Item 3 minus Item 4 |
25.549 |
31.211 |
|
|
|
|
|
|
7 |
Item 3 minus Item 5 |
25.000 |
25.000 |
|
|
|
|
|
|
8 |
Max. permissible bank finance (Item 6 or 7 whichever is lower) |
25.000 |
25.000 |
|
|
|
|
|
|
9 |
Excess borrowing representing shortfall in NWC (4-5) |
--- |
--- |
|
|
|
|
|
|
|
SECOND METHOD OF LENDING |
|
|
|
1 |
Total Current Assets (Form-IV-9) |
38.365 |
48.215 |
|
|
|
|
|
|
2 |
Other Current Liabilities (other than bank borrowings (Form-IV-14) |
4.300 |
6.600 |
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
34.065 |
41.615 |
|
|
|
|
|
|
4 |
Min. stipulated net working capital: (25% of total current assets excluding export receivables) |
9.591 |
12.054 |
|
|
|
|
|
|
5 |
Actual / Projected net working capital (Form-III-45) |
9.065 |
16.615 |
|
|
|
|
|
|
6 |
Item 3 minus Item 4 |
24.474 |
29.561 |
|
|
|
|
|
|
7 |
Item 3 minus Item 5 |
25.000 |
25.000 |
|
|
|
|
|
|
8 |
Max. permissible bank finance (Item 6 or 7 whichever is lower) |
24.474 |
25.000 |
|
|
|
|
|
|
9 |
Excess borrowing representing shortfall in NWC (4-5) |
0.526 |
--- |
-----------------------------------------------------------------------------------------------------------------------------
OPERATING AND FINANCIAL PARAMETERS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|
|
|
31.03.2018 Estimated |
31.03.2019 Projected |
|
Net Sales |
150.000 |
200.000 |
|
|
|
|
|
PBIDT |
8.437 |
12.750 |
|
|
|
|
|
PBT |
4.163 |
8.476 |
|
|
|
|
|
Net Profit |
3.963 |
6.976 |
|
|
|
|
|
Cash Accruals |
5.737 |
8.750 |
|
|
|
|
|
Paid Up Capital |
0.100 |
0.100 |
|
|
|
|
|
Tangible Net Worth |
11.396 |
18.372 |
|
|
|
|
|
Current Assets |
38.365 |
48.215 |
|
|
|
|
|
Current Liabilities |
29.300 |
31.600 |
|
|
|
|
|
Net Working Capital |
9.065 |
16.615 |
|
|
|
|
|
Current Ratio |
1.31 |
1.53 |
|
|
|
|
|
TOL/TNW |
2.88 |
1.84 |
|
|
|
|
|
MOD. TOL/TNW |
2.88 |
1.84 |
|
|
|
|
|
PBIDT/Sales (%) |
5.62 |
6.38 |
|
|
|
|
|
Net Profit/Sales (%) |
2.64 |
3.49 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ANKUSH GARG
[DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Shares |
0.050 |
|
|
|
|
FDR |
0.060 |
|
|
|
|
Post Master Investments |
0.300 |
|
|
|
|
Gold and Jewellary [Market Value Approx] |
1.000 |
|
|
|
|
Cash in Hand and Bank Balance |
0.150 |
|
|
|
|
Loans and Advances |
2.200 |
|
|
|
|
Sundry Receivables |
1.200 |
|
|
---------- |
|
Total [A] |
4.960 |
|
|
|
|
Less: Liabilities |
|
|
Loans from Family Members |
0.800 |
|
|
---------- |
|
Total [B] |
0.800 |
|
|
---------- |
|
NET WORTH [A-B] |
4.160 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ANMOL GUPTA [DIRECTOR]
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Shares |
0.050 |
|
|
|
|
Gold and Jewellary [Market Value Approx] |
1.200 |
|
|
|
|
Cash in Hand and Bank Balance |
0.135 |
|
|
|
|
Loans and Advances |
2.870 |
|
|
---------- |
|
Total [A] |
4.255 |
|
|
|
|
Less: Liabilities |
|
|
Loans from Family Members |
0.000 |
|
|
---------- |
|
Total [B] |
0.000 |
|
|
---------- |
|
NET WORTH [A-B] |
4.255 |
-----------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
"FUELLING THE
FUTURE"
FOX PETROSPECIALITIES PRIVATE LIMITED manufacture greases, automotive and industrial lubricants. It was among the initial plants to manufacture greases in Northern India.
Initially majority of manufactured product was supplied to Indian Railways and various government sectors . At same time FOX, a brand was born to cater to automotive segment, Within short time span it become national brand with distribution channel network across the country.
Since the inception, FOX has continually expanded and grown in manufacturing capacity and product development, Striving always to remain on the forefront of technology, by keeping its products abreast with all major Original Engine Manufacturer (OEM) approvals and keeping up with American Petroleum Institute (API) and other worldwide entities' performance levels and specifications for it products. Today Fox Petrospecialities Private Limited is a part of diversified group engaged into manufacturing and marketing of specialty chemicals, biochemicals, polymers and etc.
Being a multi-activity, multi-technology, multi-location conglomerate with global footprints, FOX strives to empower the nation's growth through its technology and marketing initiatives in the field of lubricants.
FOX stands on ISO 9001-2008 standards and is well equipped with modern technology and state of the art manufacturing facility to meet or exceed OEM's & International Organizations Standards. The marketing activities are managed by dedicated professionals with vast experience in the lubricant field supported by technical serviceteam to meet 100% customer satisfaction.
Serving the India known Brands, FOX Petrospecialities Private Limited is a Grease and Oil Maker company.
-With a production capacity of more than 15000 MT per annum, the company marks its presence amongst the top lubricant companies.
-FOX Petrospecialities Private Limited is integrated management systems co i.e. ISO: 9001:2008 ISO 14001:2004 OHSAS:18001:2007.
-FOX Petrospecialities Private Limited serve the globe with its finest products & A Export House.
-FOX Petrospecialities Private Limited has given the world an innovative product ‘Long Life Lithium Greases’ which is well received globally including countries like Europe, India and US.
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
13.03.2018 |
|
|
|
|
Name of the Owner |
MR. RAJESH GUPTA S/O MR. SATPAL GUPTA MR. RAJAT GARG S/O MR. SANDESH GARG A/C OF ROYAL REFINERY |
|
|
|
|
Location, street, ward no. |
Revenue Estate of Village Ismalia-11 Biswa, Sampla Beri Road,Tehsil Sampla, District
Rohtak, Haryana |
|
Market Value |
INR 47.467 Million |
|
|
|
|
Realizable Value |
INR 42.720 Million [90%] |
|
|
|
|
Distress Value |
INR 37.974 Million [80%] |
|
|
|
|
Circle rate |
INR 24.190 Million |
|
|
|
|
Insured value |
INR 14.150 Million |
-----------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
STATE OF COMPANY’S
AFFAIRS
During the current financial year, the company has made Net Profit of
INR (1.826) Million as compared to Net Profit INR (0.041) Million made in
previous financial year.
FIXED ASSETS:
Tangible Assets
·
Computer with Printer
·
Car
·
CCTV
·
Generator
·
Refrigerator
·
Machinery
-----------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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.