|
|
|
MIRA INFORM REPORT
|
Report No. : |
506445 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAKADIYA TEXTILE HUB LLP |
|
|
|
|
Registered
Office : |
Plot No. 119, Mamta Park Society, Spinning Mill Compound, Varachha Road,
Surat - 394305 |
|
Mob. No. : |
91-7567097775 [Mr. Ankit Pravinbhai Kakadiya] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
Not Available |
|
|
|
|
Date of
Incorporation : |
12.05.2017 |
|
|
|
|
Total Obligation
of Contribution : |
INR 0.100 Million |
|
|
|
|
LLPIN : |
AAJ-3635 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AASFK0123A1ZY |
|
|
|
|
PAN No.: [Permanent Account No.] |
AASFK0123A |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
· Manufacturer, Exporter and Importer of Textiles and Textiles Related Goods. [Registered Activity] · Manufacturer of Fabrics (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
05 [Approximately] |
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 is a limited liability partnership firm started in May 2017. It is a manufacturer of fabrics Mr. Ankit Pravinbhai Kakadiya (Designated Partner) has provide
general information and also claimed that activity of the firm will start
from September 2018. Further, as per Registrar of Companies the status of the firm is shown
as active. However, payment terms are unknown. In view of infancy stage, it is advisable to deal with the company on
safe and secured trade terms and conditions. NOTE: Site visit report will send in due course. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 09.05.2018.
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. Ankit Pravinbhai Kakadiya |
|
Designation : |
Designated Partner |
|
Contact No.: |
91-7567097775 |
|
Date : |
04.05.2018 |
LOCATIONS
|
Registered Office : |
Plot No. 119, Mamta Park Society, Spinning Mill Compound, Varachha
Road, Surat - 394305, India |
|
Tel. No. : |
Not Available |
|
Fax No. : |
91-7567097775 [Mr. Ankit Kakadiya] |
|
E-Mail : |
|
|
Locality: |
Residential |
|
|
|
|
Factory : |
Plot No. 186, 187, 188, 1st Floor, Shivanjali Udhyog Nagri,
Village Tatithaiya, Taluka Palsana, Surat - 394305, Gujarat, India |
PARTNERS
|
Name : |
Mr. Rikenbhai Shivabhai Kakadiya |
|
Designation : |
Designated Partner |
|
Address : |
B-29, Ramdevpir Nagar Society, Opp. Shirdidham Society, Varachha Road, Surat - 395006, Gujarat, India |
|
Date of Birth/Age : |
24.12.1997 |
|
Date of Appointment : |
12.05.2017 |
|
DPIN No.: |
07811239 |
|
Aadhaar No.: |
609135466229 |
|
|
|
|
Name : |
Mrs. Vasantben Pravinbhai Kakdiya |
|
Designation : |
Designated Partner |
|
Address : |
119, Mamta Park Society V-3, Near Laxman Nagar, Varachha Road, Surat - 395006, Gujarat, India |
|
Date of Birth/Age : |
01.06.1971 |
|
Date of Appointment : |
12.05.2017 |
|
PAN No.: |
BNZPK8770N |
|
DPIN No.: |
07811257 |
|
Aadhaar No.: |
88080541896 |
|
|
|
|
Name : |
Mr. Pravinbhai Jivarajbhai Kakadia |
|
Designation : |
Designated Partner |
|
Address : |
119, Mamta Park Society V-3, Near Laxman Nagar, Varachha Road, Surat - 395006, Gujarat, India |
|
Date of Birth/Age : |
01.01.1968 |
|
Date of Appointment : |
12.05.2017 |
|
PAN No.: |
ACFPK2496M |
|
DPIN No.: |
07816767 |
|
Aadhaar No.: |
402910003898 |
|
|
|
|
Name : |
Mr. Ankit Pravinbhai Kakadiya |
|
Designation : |
Designated Partner |
|
Address : |
119, Mamta Park, Society V-3, Near Laxman Nagar, Varachha Road, Surat - 395006, Gujarat, India |
|
Date of Birth/Age : |
03.02.1990 |
|
Date of Appointment : |
12.05.2017 |
|
PAN No.: |
BUDPK3919C |
|
DPIN No.: |
07817728 |
|
Aadhaar No.: |
983704169282 |
CONTRIBUTION DETAILS
AS ON 31.03.2017
|
Names of Persons |
Monetary value
of contribution (INR In Million) |
|
Rikenbhai Shivabhai Kakadiya |
0.025 |
|
Vasantben Pravinbhai Kakdiya |
0.025 |
|
Pravinbhai Jivarajbhai Kakadia |
0.025 |
|
Ankit Pravinbhai Kakadiya |
0.025 |
|
|
|
|
Total |
0.100 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer, Exporter and Importer of Textiles and Textiles Related Goods. [Registered Activity] · Manufacturer of Fabrics (Confirmed by Management) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cheque |
|
|
|
|
Purchasing : |
L/C and Cheque |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and Manufacturers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
05 [Approximately] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Kakadiya Textile |
CAPITAL STRUCTURE
|
Particular |
INR in Million |
|
|
|
|
Total Obligation of
Contribution: |
INR 0.100 Million |
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
NEW BUSINESS
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 |
Yes |
|
22 |
Conduct of the banking account |
No |
|
23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(INR IN MILLION)
|
Particulars |
EXISTING |
PROPOSED |
TOTAL |
|
Plant &
Machineries |
-- |
36.920 |
36.920 |
|
|
|
|
|
|
Factory Building
(Construction) |
-- |
-- |
-- |
|
|
|
|
|
|
Factory Building
(Land) |
-- |
-- |
-- |
|
|
|
|
|
|
Investment |
-- |
-- |
-- |
|
|
|
|
|
|
Working Capital |
-- |
2.500 |
2.500 |
|
|
|
|
|
|
Total |
-- |
39.420 |
39.420 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF
FINANCE
(INR IN MILLION)
|
Particulars |
EXISTING |
PROPOSED |
TOTAL |
|
Capital |
-- |
8.920 |
8.920 |
|
|
|
|
|
|
Term loan
(Machinery) |
-- |
27.500 |
27.500 |
|
|
|
|
|
|
Other Loan |
-- |
-- |
-- |
|
|
|
|
|
|
cash Credit (Working
Capital) |
-- |
-- |
-- |
|
|
|
|
|
|
Unsecured Loan |
-- |
3.000 |
3.000 |
|
|
|
|
|
|
Total |
-- |
39.420 |
39.420 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-2019 [Projected] |
2019-2020 [Projected] |
2020-2021 [Projected] |
2021-2022 [Projected] |
2022-2023 [Projected] |
|
Liabilities |
|
|
|
|
|
|
Share Capital /
Prop. Capital |
- |
9.394 |
10.725 |
12.302 |
14.028 |
|
|
|
|
|
|
|
|
Add : Additions |
8.920 |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Less : Drawings |
0.250 |
0.285 |
0.347 |
0.450 |
0.485 |
|
|
|
|
|
|
|
|
Add : Profit
& Loss Account |
0.724 |
1.616 |
1.923 |
2.176 |
2.445 |
|
|
|
|
|
|
|
|
Closing Balance at the end |
9.394 |
10.725 |
12.302 |
14.028 |
15.988 |
|
|
|
|
|
|
|
|
Secured Loans : |
|
|
|
|
|
|
Term Loan |
27.147 |
22.917 |
18.686 |
14.455 |
10.224 |
|
|
|
|
|
|
|
|
Unsecured Loan |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
Current Liabilities: |
|
|
|
|
|
|
Cash Credit |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Creditors for
Exp. |
1.103 |
2.433 |
2.611 |
2.834 |
3.051 |
|
|
|
|
|
|
|
|
Creditors for Goods |
0.016 |
0.033 |
0.034 |
0.036 |
0.038 |
|
|
|
|
|
|
|
|
Provision for Tax |
0.310 |
0.693 |
0.824 |
0.933 |
1.048 |
|
|
|
|
|
|
|
|
Total |
1.429 |
3.158 |
3.470 |
3.803 |
4.137 |
|
|
|
|
|
|
|
|
Total Liabilities |
40.971 |
39.800 |
37.457 |
35.286 |
33.349 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Gross Block |
36.920 |
36.920 |
36.920 |
36.920 |
36.920 |
|
|
|
|
|
|
|
|
Less :
Depreciation |
2.769 |
7.892 |
12.246 |
15.947 |
19.093 |
|
|
|
|
|
|
|
|
Net Block |
34.151 |
29.028 |
24.674 |
20.973 |
17.827 |
|
|
|
|
|
|
|
|
Investments |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Other Current
Assets / Loans & Adv |
0.800 |
- |
0.475 |
1.475 |
2.194 |
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
Debtors |
5.027 |
10.498 |
11.141 |
11.652 |
12.185 |
|
|
|
|
|
|
|
|
Finished Stocks |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Raw Material
Stock |
0.047 |
0.099 |
0.103 |
0.109 |
0.114 |
|
|
|
|
|
|
|
|
Total |
5.074 |
10.598 |
11.244 |
11.761 |
12.299 |
|
|
|
|
|
|
|
|
Cash & Bank
Balances |
0.946 |
0.174 |
1.064 |
1.077 |
1.029 |
|
|
|
|
|
|
|
|
Total Assets |
40.971 |
39.800 |
37.457 |
35.286 |
33.349 |
------------------------------------------------------------------------------------------------------------------------------
WORKING CAPITAL REQUIREMENTS & MARGIN
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
|||||
|
|
Holding Period |
2018-2019 [Projected] |
2019-2020 [Projected] |
2020-2021 [Projected] |
2021-2022 [Projected] |
2022-2023 [Projected] |
|
Debtors |
80 Days |
5.027 |
10498 |
11.141 |
11.652 |
12.185 |
|
|
|
|
|
|
|
|
|
Finished Stocks |
0 Days |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Raw Material
Stock |
15 Days |
0.047 |
0.099 |
0.103 |
0.109 |
0.114 |
|
|
|
|
|
|
|
|
|
Total |
|
5.074 |
10.598 |
11.244 |
11.761 |
12.299 |
|
|
|
|
|
|
|
|
|
Creditors for
Exp. |
25 Days |
1.103 |
2.433 |
2.611 |
2.834 |
3.051 |
|
|
|
|
|
|
|
|
|
Creditors for Goods |
5 Days |
0.016 |
0.033 |
0.034 |
0.036 |
0.038 |
|
|
|
|
|
|
|
|
|
Provision for Tax |
|
0.310 |
0.693 |
0.824 |
0.933 |
1.048 |
|
|
|
|
|
|
|
|
|
Total |
|
3.644 |
7.439 |
7.774 |
7.958 |
8.162 |
|
|
|
|
|
|
|
|
|
Less : Margins |
|
3.644 |
7.439 |
7.774 |
7.958 |
8.162 |
|
|
|
|
|
|
|
|
|
Working Capital
Finance |
|
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
PROJECTION OF PERFORMANCE, PROFITABILITY AND REPAYMENT
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-2019 [Projected] |
2019-2020 [Projected] |
2020-2021 [Projected] |
2021-2022 [Projected] |
2022-2023 [Projected] |
|
Sales |
22.620 |
47.693 |
49.594 |
52.142 |
54.743 |
|
|
|
|
|
|
|
|
Cost of Production |
|
|
|
|
|
|
Raw Material
Consumption |
1.084 |
2.332 |
2.476 |
2.602 |
2.732 |
|
|
|
|
|
|
|
|
Power & Fuel |
0.520 |
1.080 |
1.107 |
1.148 |
1.188 |
|
|
|
|
|
|
|
|
Direct Labour |
14.612 |
32.574 |
35.013 |
37.960 |
40.893 |
|
|
|
|
|
|
|
|
Repairs & Maintainence |
0.120 |
0.156 |
0.187 |
0.281 |
0.365 |
|
|
|
|
|
|
|
|
Stores &
Spares |
0.086 |
0.120 |
0.144 |
0.173 |
0.181 |
|
|
|
|
|
|
|
|
Other
Manufacturing Exp. |
0.097 |
0.146 |
0.161 |
0.201 |
0.211 |
|
|
|
|
|
|
|
|
Depreciation Allowance |
2.769 |
5.123 |
4.354 |
3.701 |
3.146 |
|
|
|
|
|
|
|
|
Total Cost of Production(B) |
19.288 |
41.531 |
43.442 |
46.064 |
48.716 |
|
|
|
|
|
|
|
|
Add : Opening
Stock of Fin. Goods |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Less : Closing
Stock of Fin. Goods |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Cost of Sales |
19.288 |
41.531 |
43.442 |
46.064 |
48.716 |
|
|
|
|
|
|
|
|
Gross Profit/Loss |
3.332 |
6.162 |
6.152 |
6.078 |
6.027 |
|
|
|
|
|
|
|
|
Other Income |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Financial Charges |
|
|
|
|
|
|
on Term Loan |
1.845 |
2.899 |
2.412 |
1.926 |
1.439 |
|
|
|
|
|
|
|
|
on Cash Credit |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Selling &
Administrative Exp. |
0.452 |
0.954 |
0.992 |
1.043 |
1.095 |
|
|
|
|
|
|
|
|
Profit Before Tax |
1.035 |
2.309 |
2.747 |
3.109 |
3.493 |
|
|
|
|
|
|
|
|
Provision for Tax |
0.310 |
0.693 |
0.824 |
0.933 |
1.048 |
|
|
|
|
|
|
|
|
Profit After Tax |
0.724 |
1.616 |
1.923 |
2.176 |
2.445 |
|
|
|
|
|
|
|
|
Add :
Depreciation |
2.769 |
5.123 |
4.354 |
3.701 |
3.146 |
|
|
|
|
|
|
|
|
Add : Interest On
Term Loan |
1.845 |
2.899 |
2.412 |
1.926 |
1.439 |
|
|
|
|
|
|
|
|
Net Cash Accruals |
5.338 |
9.638 |
8.690 |
7.803 |
7.030 |
|
|
|
|
|
|
|
|
Repayment Obligation |
|
|
|
|
|
|
Towards Loans |
0.353 |
4.231 |
4.231 |
4.231 |
4.231 |
|
|
|
|
|
|
|
|
Towards T/L Int |
1.845 |
2.899 |
2.412 |
1.926 |
1.439 |
|
|
|
|
|
|
|
|
Total Repayment |
2.197 |
7.130 |
6.643 |
6.157 |
5.670 |
|
|
|
|
|
|
|
|
Debt Service Coverage Ratio |
2.43 |
1.35 |
1.31 |
1.27 |
1.24 |
|
|
|
|
|
|
|
|
Average DSCR |
1.61 |
||||
------------------------------------------------------------------------------------------------------------------------------
CASH
FLOW STATEMENT
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-2019 [Projected] |
2019-2020 [Projected] |
2020-2021 [Projected] |
2021-2022 [Projected] |
2022-2023 [Projected] |
|
SOURCES OF FUND |
|
|
|
|
|
|
Net Profit After
Tax |
0.724 |
1.616 |
1.923 |
2.176 |
2.445 |
|
|
|
|
|
|
|
|
Increase in
Capital |
(0.250) |
(0.285) |
(0.347) |
(0.450) |
(0.485) |
|
|
|
|
|
|
|
|
Depreciation |
2.769 |
5.123 |
4.354 |
3.701 |
3.146 |
|
|
|
|
|
|
|
|
Inc in Long Term
Loan |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Inc. in Other
Assets/Loans & Adv. |
(0.800) |
0.800 |
(0.475) |
(1.000) |
(0.719) |
|
|
|
|
|
|
|
|
Inc/Dec in
Current Liab. |
1.429 |
1.729 |
0.312 |
0.333 |
0.334 |
|
|
|
|
|
|
|
|
Total |
3.873 |
8.983 |
5.767 |
4.760 |
4.721 |
|
|
|
|
|
|
|
|
Uses of Fund |
|
|
|
|
|
|
Inc in Capital
Exp. |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Inc/Dec in
Current Assets |
2.574 |
5.524 |
0.646 |
0.517 |
0.538 |
|
|
|
|
|
|
|
|
Dec in Long Term
Loan |
0.353 |
4.231 |
4.231 |
4.231 |
4.231 |
|
|
|
|
|
|
|
|
Dec in Unsecured
Loan |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Inc in Investment |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
Total |
2.926 |
9.755 |
4.877 |
4.747 |
4.769 |
|
|
|
|
|
|
|
|
Opening Balance |
- |
0.946 |
0.174 |
1.064 |
1.077 |
|
|
|
|
|
|
|
|
Net Surplus |
0.946 |
(0.772) |
0.890 |
0.013 |
(0.048) |
|
|
|
|
|
|
|
|
Closing Balance |
0.946 |
0.174 |
1.064 |
1.077 |
1.029 |
------------------------------------------------------------------------------------------------------------------------------
BRIEF PROJECTIONS & RATIOS
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
2018-2019 [Projected] |
2019-2020 [Projected] |
2020-2021 [Projected] |
2021-2022 [Projected] |
2022-2023 [Projected] |
|
Turnover |
22.620 |
47.693 |
49.594 |
52.142 |
54.743 |
|
|
|
|
|
|
|
|
Gross Profit |
3.332 |
6.162 |
6.152 |
6.078 |
6.027 |
|
|
|
|
|
|
|
|
Net Profit |
0.724 |
1.616 |
1.923 |
2.176 |
2.445 |
|
|
|
|
|
|
|
|
GP Margin |
1.473 |
1.292 |
1.240 |
1.166 |
1.101 |
|
|
|
|
|
|
|
|
NP Margin |
0.320 |
0.339 |
0.388 |
0.417 |
0.447 |
|
|
|
|
|
|
|
|
Cash Profit |
5.338 |
9.638 |
8.690 |
7.803 |
7.030 |
|
|
|
|
|
|
|
|
Debt Service Coverage |
0.243 |
0.135 |
0.131 |
0.127 |
0.124 |
|
|
|
|
|
|
|
|
ICR |
2.89 |
3.32 |
3.60 |
4.05 |
4.88 |
|
|
|
|
|
|
|
|
Current Ratio |
1.20 |
1.46 |
1.66 |
1.78 |
1.86 |
|
|
|
|
|
|
|
|
Adj. CR |
4.77 |
3.41 |
3.68 |
3.76 |
3.75 |
|
|
|
|
|
|
|
|
Debt Equity Ratio |
3.21 |
2.42 |
1.76 |
1.24 |
0.83 |
|
|
|
|
|
|
|
|
Total In debt ness
Ratio (TDER) |
3.36 |
2.71 |
2.04 |
1.52 |
1.09 |
|
|
|
|
|
|
|
|
CATR (Sales/Book Debt+stock) |
4.46 |
4.50 |
4.41 |
4.43 |
4.45 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ANKIT PRAVINBHAI KAKADIYA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
Immovable
properties (Market value) [As on 31.03.2017] |
|
|
Plot at Shivanji Udog Nagari |
15.000 |
|
|
---------------- |
|
Total Immovable
Properties |
15.000 |
|
|
|
|
CURRENT ASSETS [As
on 31.03.2017] |
|
|
Loans and advances |
0.600 |
|
Bank balance |
0.006 |
|
Cash balance |
0.381 |
|
|
---------------- |
|
Total Current
Assets |
0.987 |
|
|
|
|
Investment [Book
Value as on 31.03.2017] |
|
|
Kakadiya Fabrics |
5.613 |
|
|
---------------- |
|
Gross Total Assets |
21.600 |
|
|
|
|
Less: Unsecured Loans |
6.000 |
|
|
---------------- |
|
Total Liabilities
Assets |
6.000 |
|
|
---------------- |
|
NET WORTH |
15.600 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
PRAVINBHAI JIVARAJBHAI KAKADIA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
Immovable
properties (Market value) [As on 31.03.2017] |
|
|
Land at Valsad |
30.000 |
|
Plot at Mamta Park Society |
15.000 |
|
Shivanjali Nagari |
2.500 |
|
Car |
0.266 |
|
|
---------------- |
|
Total Immovable
Properties |
47.766 |
|
|
|
|
Current Assets [As
on 31.03.2017] |
|
|
Other current assets |
2.504 |
|
Bank balance |
0.056 |
|
Cash balance |
0.022 |
|
|
---------------- |
|
Total Current
Assets |
2.582 |
|
|
|
|
Investment [Book Value as on 31.03.2017] |
1.740 |
|
|
---------------- |
|
Gross Total Assets |
52.088 |
|
|
|
|
Less: Unsecured Loans |
5.724 |
|
|
---------------- |
|
Total Liabilities
Assets |
5.724 |
|
|
---------------- |
|
NET WORTH |
46.364 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS.
VASANTBEN PRAVINBHAI KAKDIYA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
Immovable
properties (Market value) [As on 31.03.2017] |
|
|
Plot No. 119 Mamta Park Society - 3 |
12.500 |
|
Plot No. 17 Mamta Park Society - 2 |
15.000 |
|
Fixed Assets |
2.942 |
|
|
---------------- |
|
Total Immovable
Properties |
30.442 |
|
|
|
|
Current Assets [As on
31.03.2017] |
|
|
Other current assets |
4.591 |
|
Bank balance |
0.263 |
|
Cash balance |
0.527 |
|
|
---------------- |
|
Total Current
Assets |
5.381 |
|
|
|
|
Investment [Book Value as on 31.03.2017] |
0.000 |
|
|
---------------- |
|
Gross Total Assets |
35.823 |
|
|
|
|
Less: Unsecured Loans |
6.819 |
|
|
---------------- |
|
Total Liabilities
Assets |
6.819 |
|
|
---------------- |
|
NET WORTH |
29.004 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
RIKENBHAI SHIVABHAI KAKADIYA
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
Immovable
properties (Market value) [As on 31.03.2017] |
|
|
Shivaji Udhyog Nagari |
8.000 |
|
Fixed Assets |
0.013 |
|
|
---------------- |
|
Total Immovable
Properties |
8.013 |
|
|
|
|
Current Assets [As
on 31.03.2017] |
|
|
Loans and advances |
0.100 |
|
Sundry debtors |
0.033 |
|
Other current assets |
1.425 |
|
Bank balance |
0.019 |
|
Gold and jewellery |
0.950 |
|
Cash balance |
0.346 |
|
|
---------------- |
|
Total Current
Assets |
2.873 |
|
|
|
|
Investment [Book Value as on 31.03.2017] |
0.141 |
|
|
---------------- |
|
Gross Total Assets |
11.027 |
|
|
|
|
Unsecured Loans |
0.000 |
|
|
---------------- |
|
Total Liabilities
Assets |
11.027 |
|
|
---------------- |
|
NET WORTH |
11.027 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
SAIRAM MUVVA [GUARANTOR]
(INR IN MILLION)
|
Particulars |
31.03.2017 |
|
Current income |
|
|
Income from salary-la Mars Hair solutions private limited |
0.300 |
|
|
---------------- |
|
Total |
0.300 |
|
|
|
|
Immovable property |
|
|
An industrial land in the name of Mr. Sairam Muvva located at plot no. 63, Phase II, SIDCO Industrial Estate, Manali New Town, Chennai-600103, Survey No. 257, (Market Value) |
15.200 |
|
|
|
|
Movable Assets |
|
|
A tow wheeler active (TN10 1640) and a four wheeler scorpio (TN02 AB 9183) in name of Sai Ram) |
0.250 |
|
|
---------------- |
|
Total |
15.450 |
|
|
|
|
Current Assets |
|
|
Life Insurance Policy-Policy No. 704829360, 711018353 |
1.000 |
|
|
---------------- |
|
Total |
1.000 |
|
|
---------------- |
|
Total Assets |
16.750 |
|
|
|
|
Liabilities |
0.000 |
|
|
---------------- |
|
Net Worth |
16.750 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
The company is a registered partnership under LLP Act 2008
are Establishment on 25.05.2017 for the purpose of manufacturing of clothes.
The partners are Mr. Ankitbhai Pravinbhai Kakadiya, Mr. Pravinbhai Jivrajbhai
Kakadiya, Mr. Rikenbhai Shivabhai Kakadiya & Mrs. Vasantben Pravinbhai
Kakadiya. All the partner are well experience the same line of the proposed
business. The firm is having registered address at 186,187,88, Shivanjali
Udhyog Nagari, Tatithaiyagam, Ta. Palsana, Surat. The factory premises is partners
family members Mr. Priyankbhai Pravinbhai Kakadiya & Mrs. Komalben
Priyankbhai Kakadiya situated at Plot
No. 187-188, First Floor, Shivanjali Udhyog Nagari Tatithaiya gam Kadodara Tal
Palsana Dist Surat. The firm is going to install Six Shuttle less rapier
weaving looms at the said premise.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Nature of Security |
Type of charge |
Value |
Basis/ Source |
Whether eligible under CRM (Base II Norms) |
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 186 admeasuring about 157.28 sq. Mtrs of unit No. 16 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 361/1, Block No. 291
village: Tatithaiyagam, Taluka, Palsana, Surat in the name of Mrs. Nitalben
Ankitbhai Kakadiya. |
Registered Equitable Mortgage |
INR 17.425 Million |
Valuation Report dated
09.02.2018 of Shree Datt Valuer & Associates |
Non CRM |
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 187 admeasuring about 154.67 sq. Mtrs of unit No. 16 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 361/1, Block No. 291
village: Tatithaiyagam, Taluka, Palsana, Surat in the name of Mr. Priyankbhai
Pravinbhai Kakadiya. |
||||
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 188 admeasuring about 151.91 sq. Mtrs of unit No. 16 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 361/1, Block No. 291
village: Tatithaiyagam, Taluka, Palsana, Surat in the name of Mrs. Komalben
Priyankbhai Kakadiya. |
|
|||
|
Registered Equitable Mortgage of commercial Property situated at Shop
No., 38 admeasuring about 23.04 sq. Mtrs of “Diamond World” upper ground
floor situated at land bearing R. S No. 365 and 366, T.P. Scheme No. 4, FP.
No. 50, City survey Ward Katargam, City Survey No. 757 & 758, village:
Katargam, Taluka, Surat City, Surat in the name of Mr. Shivabhai Jivrajbhai
Kakadiya. |
Registered Equitable Mortgage |
MV INR 2.045 Million RV R INR 1.735 Million |
Valuation Report dated
09.02.2018 of Shree Datt Valuer & Associates |
Non CRM |
|
Registered Equitable Mortgage of Residential row house situated at
plot no.57 admeasuring about 100.00 sq. Yards i.e 83.61 sq. Mtrs of “ Mamta
Park-3” (Raw House) situated at land bearing Rev.S.No.27/1, 28/1, 29 part
33/2+27/2 part 1 & 2 T.P scheme No.16 Kapodara F.P No.13 city survey
nondh No.1107/3/57 village Kapodara Tal Puna Dist Surat in the name of Mr.
Lavjibhai Jivrajbhai Kakadiya |
Registered Equitable Mortgage |
MV INR 15.200 Million RV INR 13.600 Million |
Valuation Report dated
09.02.2018 of Shree Datt Valuer & Associates |
Non CRM |
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 149 admeasuring about 175.31 sq. Mtrs of unit No. 13 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 363, Block No. 294 village:
Tatithaiyagam, Taluka, Palsana, Surat in the name of Mr. Rajnibhai Lavjibhai
Kakadiya. |
Registered Equitable Mortgage |
MV INR 7.990 Million RV INR 6.790 Million 40.00 (Insu) |
Valuation Report dated 09.02.2018
of Shree Datt Valuer & Associates |
Non CRM |
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 150 admeasuring about 176.59 sq. Mtrs of unit No. 13 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 363, Block No. 294 village:
Tatithaiyagam, Taluka, Palsana, Surat in the name of Mr. Rajnibhai Lavjibhai
Kakadiya. |
Non CRM |
|||
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 151 admeasuring about 177.87 sq. Mtrs of unit No. 13 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 363, Block No. 294 village:
Tatithaiyagam, Taluka, Palsana, Surat in the name of Mrs.Viralben Rajnibhai
Kakadiya. |
Registered Equitable Mortgage |
MV INR 8.110 Million RV INR 6.890 Million |
Valuation Report dated
09.02.2018 of Shree Datt Valuer & Associates |
Non CRM |
|
Registered Equitable Mortgage of Industrial Property situated at Plot
No. 152 admeasuring about 179.15 sq. Mtrs of unit No. 13 of “Shivanjali
Udhyog Nagari” situated at land bearing R. S No. 363, Block No. 294 village:
Tatithaiyagam, Taluka, Palsana, Surat in the name of Mr. Viralben Rajnibhai
Kakadiya. |
Non CRM |
|||
|
Total Value of
Collateral Security |
|
INR 46.440
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 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 67.08 |
|
|
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SRY |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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
·
Prooters
/ 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.