|
|
|
MIRA INFORM REPORT
|
Report No. : |
506439 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAKADIYA TEXTILES |
|
|
|
|
Registered
Office : |
Plot No. 119, Mamta Park Society, Spinning Mill Compound, Varachha Road,
Surat-395006, Gujarat |
|
Mobile No.: |
91-7567097775 [Mr. Ankit Kakadiya] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
Not Available |
|
|
|
|
Year of
Establishment : |
January, 2017 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24BNZPK8770N1ZU |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
BNZPK8770N |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing of Fabrics. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
Not Available |
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 new proprietary concern started in January 2017. It is engaged
in manufacturing of fabrics. Mr. Ankit Kakadiya (Chief Executive Officer) provided information and
also claimed that concern will commence its commercial operation from
September 2018. Payment terms are unknown. In view of infancy stage, it is advisable to deal with the concern on
fully safe and secured trade terms and condition. Note: Site visit will
be 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 (30.09.2017) |
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
31-03-2018.
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 09.05.2019.
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 [GENERAL DETAILS]
|
Name : |
Mr. Ankit Kakadiya |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-7567097775 |
|
Date : |
05.05.2018 |
LOCATIONS
|
Registered Office : |
Plot No. 119, Mamta Park Society, Spinning Mill Compound, Varachha Road,
Surat-395006, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7567097775 [Mr. Ankit Kakadiya] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3150 Sq. Ft. |
|
Locality : |
Commercial cum Residential |
|
|
|
|
Factory : |
Ground Floor, Plot No. 187, Shivanjali Udyog Nagri, Palsana, Surat,
Gujarat, India |
SOLE PROPRIETOR
|
Name : |
Mrs. Vasantben Pravinbhai Kakdiya |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
01.06.1971 |
|
PAN No.: |
BNZPK8770N |
KEY EXECUTIVES
|
Name : |
Mr. Ankit Kakadiya |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Fabrics. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Fabrics |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Kakadiya Textile HUB LLP |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NEW BUSINESS
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
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 |
-- |
|
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 |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
-----------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(INR IN MILLION)
|
PARTICULARS |
Existing |
Proposed |
TOTAL AMOUNT |
|
Plant & Machineries |
--- |
50.750 |
50.750 |
|
|
|
|
|
|
Factory Building (Construction) |
--- |
--- |
--- |
|
|
|
|
|
|
Factory Building (Land) |
--- |
--- |
--- |
|
|
|
|
|
|
Investment |
--- |
--- |
--- |
|
|
|
|
|
|
Working Capital |
--- |
2.945 |
2.945 |
|
|
|
|
|
|
Total Cost of
Project |
--- |
53.695 |
53.695 |
-----------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(INR IN MILLION)
|
PARTICULARS |
Existing |
Proposed |
TOTAL AMOUNT |
|
Capital |
--- |
14.195 |
14.195 |
|
|
|
|
|
|
Term loan (Machinery) |
--- |
38.000 |
38.000 |
|
|
|
|
|
|
Other Loan |
--- |
--- |
--- |
|
|
|
|
|
|
cash Credit (Working Capital) |
--- |
--- |
--- |
|
|
|
|
|
|
Unsecured Loan |
--- |
1.500 |
1.500 |
|
|
|
|
|
|
Total Means of
Finance |
--- |
53.695 |
53.695 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED OF PERFORMANCE, PROFITABILITY AND REPAYMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
|
|
Sales (INR) (A) |
21.997 |
45.827 |
48.289 |
52.255 |
54.242 |
|
|
|
|
|
|
|
|
Cost of
Production |
|
|
|
|
|
|
Raw Material Consumption |
0.202 |
1.279 |
1.443 |
1.558 |
1.622 |
|
|
|
|
|
|
|
|
Power & Fuel |
0.616 |
1.264 |
1.312 |
1.361 |
1.393 |
|
|
|
|
|
|
|
|
Direct Labour |
12.978 |
27.954 |
31.388 |
36.056 |
38.783 |
|
|
|
|
|
|
|
|
Repairs & Maintainence |
0.035 |
0.110 |
0.132 |
0.198 |
0.257 |
|
|
|
|
|
|
|
|
Stores & Spares |
0.040 |
0.145 |
0.174 |
0.209 |
0.219 |
|
|
|
|
|
|
|
|
Other Manufacturing Exp. |
0.042 |
0.145 |
0.160 |
0.199 |
0.209 |
|
|
|
|
|
|
|
|
Depreciation Allowance |
3.806 |
7.042 |
5.985 |
5.088 |
4.324 |
|
|
|
|
|
|
|
|
Total Cost of
Production (B) |
17.719 |
37.938 |
40.593 |
44.668 |
46.809 |
|
|
|
|
|
|
|
|
Add : Opening Stock of Fin.
Goods |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Less : Closing Stock of Fin.
Goods |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Cost of Sales
(C) |
17.719 |
37.938 |
40.593 |
44.668 |
46.809 |
|
|
|
|
|
|
|
|
Gross Profit/
Loss (A-C) |
4.278 |
7.889 |
7.696 |
7.587 |
7.433 |
|
|
|
|
|
|
|
|
Other Income |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Financial
Charges |
|
|
|
|
|
|
on Term Loan |
2.549 |
4.006 |
3.334 |
2.661 |
1.989 |
|
|
|
|
|
|
|
|
on Cash Credit |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Selling & Administrative Exp. |
0.647 |
1.351 |
1.428 |
1.551 |
1.612 |
|
|
|
|
|
|
|
|
Profit Before Tax |
1.082 |
2.532 |
2.934 |
3.375 |
3.832 |
|
|
|
|
|
|
|
|
Provision for Tax |
0.125 |
0.560 |
0.680 |
0.813 |
0.950 |
|
|
|
|
|
|
|
|
Profit After Tax |
0.958 |
1.972 |
2.254 |
2.561 |
2.882 |
|
|
|
|
|
|
|
|
Add : Depreciation |
3.806 |
7.042 |
5.985 |
5.088 |
4.324 |
|
|
|
|
|
|
|
|
Add : Interest on Term Loan |
2.549 |
4.006 |
3.334 |
2.661 |
1.989 |
|
|
|
|
|
|
|
|
Net Cash Accruals |
7.313 |
13.020 |
11.573 |
10.310 |
9.196 |
|
|
|
|
|
|
|
|
Repayment Obligation |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Towards Loans |
0.487 |
5.846 |
5.846 |
5.846 |
5.846 |
|
|
|
|
|
|
|
|
Towards T/L Int |
2.549 |
4.006 |
3.334 |
2.661 |
1.989 |
|
|
|
|
|
|
|
|
Total Repayment |
3.036 |
9.852 |
9.180 |
8.507 |
7.835 |
|
|
|
|
|
|
|
|
Debt Service
Coverage Ratio |
2.41 |
1.32 |
1.26 |
1.21 |
1.17 |
|
|
|
|
|
|
|
|
Average DSCR |
1.57 |
||||
-----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share Capital / Prop. Capital |
--- |
15.003 |
16.805 |
18.859 |
21.176 |
|
|
|
|
|
|
|
|
Add : Additions |
141.95 |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Less : Drawings |
0.150 |
0.170 |
0.200 |
0.245 |
0.350 |
|
|
|
|
|
|
|
|
Add : Profit & Loss Account |
0.958 |
1.972 |
2.254 |
2.561 |
2.882 |
|
|
|
|
|
|
|
|
Closing Balance at the end |
15.003 |
16.805 |
18.859 |
21.176 |
23.708 |
|
|
|
|
|
|
|
|
Secured Loans : |
|
|
|
|
|
|
Term Loan |
37.513 |
31.667 |
25.821 |
19.974 |
14.128 |
|
|
|
|
|
|
|
|
Unsecured Loan |
1.500 |
1.500 |
1.500 |
0.500 |
--- |
|
|
|
|
|
|
|
|
Current
Liabilities: |
|
|
|
|
|
|
Cash Credit |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Creditors for Exp. |
0.399 |
0.860 |
0.961 |
1.099 |
1.080 |
|
|
|
|
|
|
|
|
Creditors for Goods |
0.006 |
0.038 |
0.040 |
0.044 |
0.045 |
|
|
|
|
|
|
|
|
Provision for Tax |
0.125 |
0.560 |
0.680 |
0.813 |
0.950 |
|
|
|
|
|
|
|
|
Total |
0.530 |
1.458 |
1.681 |
1.956 |
2.075 |
|
|
|
|
|
|
|
|
TOTAL |
54.545 |
51.430 |
47.861 |
43.606 |
39.911 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
50.750 |
50.750 |
50.750 |
50.750 |
50.750 |
|
|
|
|
|
|
|
|
Less : Depreciation |
3.806 |
10.848 |
16.833 |
21.921 |
26.245 |
|
|
|
|
|
|
|
|
Net Block |
46.944 |
39.902 |
33.917 |
28.829 |
24.505 |
|
|
|
|
|
|
|
|
Investments |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Other Current Assets / Loans & Adv |
1.865 |
0.480 |
2.055 |
1.685 |
1.695 |
|
|
|
|
|
|
|
|
Current Assets: |
|
|
|
|
|
|
Debtors |
4.888 |
9.984 |
10.851 |
11.677 |
12.074 |
|
|
|
|
|
|
|
|
Finished Stocks |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Raw Material Stock |
0.018 |
0.115 |
0.121 |
0.131 |
0.136 |
|
|
|
|
|
|
|
|
Total |
4.907 |
10.098 |
10.972 |
11.808 |
12.209 |
|
|
|
|
|
|
|
|
Cash & Bank Balances |
0.830 |
0.949 |
0.918 |
1.284 |
1.501 |
|
|
|
|
|
|
|
|
Total |
54.545 |
51.430 |
47.861 |
43.606 |
39.911 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
Const. |
OPERATING YEARS |
||||
|
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
||
|
SOURCES OF FUND |
|
|
|
|
|
|
|
Net Profit After Tax |
--- |
0.958 |
1.972 |
2.254 |
2.561 |
2.882 |
|
|
|
|
|
|
|
|
|
Increase in Capital |
14.195 |
(0.150) |
(0.170) |
(0.200) |
(0.245) |
(0.350) |
|
|
|
|
|
|
|
|
|
Depreciation |
--- |
3.806 |
7.042 |
5.985 |
5.088 |
4.324 |
|
|
|
|
|
|
|
|
|
Inc in Long Term Loan |
38.000 |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
|
Inc. in Other Assets/Loans & Adv. |
--- |
(1.865) |
1.385 |
(1.575) |
0.370 |
(0.010) |
|
|
|
|
|
|
|
|
|
Inc/Dec in Current Liab. |
--- |
0.530 |
0.928 |
0.223 |
0.275 |
0.118 |
|
|
|
|
|
|
|
|
|
Total |
52.195 |
3.279 |
11.157 |
6.688 |
8.049 |
6.965 |
|
|
|
|
|
|
|
|
|
USES OF FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inc in Capital
Exp. |
50.750 |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
|
Inc/Dec in Current
Assets |
2.945 |
1.962 |
5.192 |
0.873 |
0.836 |
0.402 |
|
|
|
|
|
|
|
|
|
Dec in Long Term
Loan |
--- |
0.487 |
5.846 |
5.846 |
5.846 |
5.846 |
|
|
|
|
|
|
|
|
|
Dec in Unsecured
Loan |
(1.500) |
--- |
--- |
--- |
1.000 |
0.500 |
|
|
|
|
|
|
|
|
|
Inc in Investment |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
|
Total |
52.195 |
2.449 |
11.038 |
6.720 |
7.682 |
6.748 |
|
Opening Balance |
--- |
--- |
0.830 |
0.949 |
0.918 |
1.284 |
|
Net Surplus |
--- |
0.830 |
0.120 |
(0.032) |
0.366 |
0.217 |
|
Closing Balance |
--- |
0.830 |
0.949 |
0.918 |
1.284 |
1.501 |
------------------------------------------------------------------------------------------------------------------------------
WORKING CAPITAL REQUIREMENTS AND MARGIN
(INR IN MILLION)
|
PARTICULARS |
HOLDING PERIOD |
OPERATING YEARS |
||||
|
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
||
|
Debtors |
80 Days |
4.888 |
9.984 |
10.851 |
11.677 |
12.074 |
|
|
|
|
|
|
|
|
|
Finished Stocks |
0 Days |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
|
Raw Material Stock |
30 Days |
0.018 |
0.115 |
0.121 |
0.131 |
0.136 |
|
|
|
|
|
|
|
|
|
Total |
--- |
4.907 |
10.098 |
10.972 |
11.808 |
12.209 |
|
|
|
|
|
|
|
|
|
Creditors for Exp. |
10 Days |
0.399 |
0.860 |
0.961 |
1.099 |
1.080 |
|
|
|
|
|
|
|
|
|
Creditors for Goods |
10 Days |
0.006 |
0.038 |
0.040 |
0.044 |
0.045 |
|
|
|
|
|
|
|
|
|
Provision for Tax |
--- |
0.125 |
0.560 |
0.680 |
0.813 |
0.950 |
|
|
|
|
|
|
|
|
|
Total |
--- |
4.377 |
8.640 |
9.290 |
9.852 |
10.135 |
|
|
|
|
|
|
|
|
|
Less : Margins |
--- |
4.377 |
8.640 |
9.290 |
9.852 |
10.135 |
|
|
|
|
|
|
|
|
|
Working Capital Finance |
--- |
--- |
--- |
--- |
--- |
--- |
------------------------------------------------------------------------------------------------------------------------------
PROJECTIONS AND RATIOS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
2018-19 Projected |
2019-20 Projected |
2020-21 Projected |
2021-22 Projected |
2022-23 Projected |
|
|
Turnover |
21.997 |
45.827 |
48.289 |
52.255 |
54.242 |
|
|
|
|
|
|
|
|
Gross Profit |
4.278 |
7.889 |
7.696 |
7.587 |
7.433 |
|
|
|
|
|
|
|
|
Net Profit |
0.958 |
1.972 |
2.254 |
2.561 |
2.882 |
|
|
|
|
|
|
|
|
GP Margin |
1.945 |
1.721 |
1.594 |
1.452 |
1.370 |
|
|
|
|
|
|
|
|
NP Margin |
0.435 |
0.430 |
0.467 |
0.490 |
0.531 |
|
|
|
|
|
|
|
|
Cash Profit |
7.313 |
13.020 |
11.573 |
10.310 |
9.196 |
|
|
|
|
|
|
|
|
Debt Service Coverage |
2.41 |
1.32 |
1.26 |
1.21 |
1.17 |
|
|
|
|
|
|
|
|
ICR |
2.87 |
3.25 |
3.47 |
3.87 |
4.62 |
|
|
|
|
|
|
|
|
Current Ratio |
1.19 |
1.58 |
1.85 |
1.89 |
1.94 |
|
|
|
|
|
|
|
|
Adj. CR |
14.35 |
7.91 |
8.29 |
7.55 |
7.43 |
|
|
|
|
|
|
|
|
Debt Equity Ratio |
2.60 |
1.97 |
1.45 |
0.97 |
0.60 |
|
|
|
|
|
|
|
|
Total Indebtness Ratio (TDER) |
2.64 |
2.06 |
1.54 |
1.06 |
0.68 |
|
|
|
|
|
|
|
|
CATR (Sales/Book Debt+Stcock) |
4.48 |
4.54 |
4.40 |
4.43 |
4.44 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. VASANTBEN PRAVINBHAI KAKDIYA
(INR IN MILLION)
|
PARTICULARS |
31.03.2017 |
|
(A) IMMOVABLE PROPERTIES (MARKET VALUE) |
|
|
Plot 119 Mamta Park Society -3 |
12.500 |
|
|
|
|
Plot 17 Mamta Park Society-2 |
15.000 |
|
|
|
|
Fixed Assets |
2.942 |
|
|
|
|
Total Immovable Properties |
30.442 |
|
|
|
|
(B) CURRENT ASSETS |
|
|
Other Current
Assets |
4.591 |
|
|
|
|
Bank Balance |
0.263 |
|
|
|
|
Cash Balance |
0.527 |
|
|
|
|
Total Current Assets |
5.381 |
|
|
|
|
(C) INVESTMENT (Book Value as on 31.3.2017) |
0.000 |
|
|
|
|
(D) GROSS TOTAL ASSETS (A+B+C) |
35.823 |
|
|
|
|
Less: Unsecured
Loans |
6.819 |
|
|
|
|
(E) GROSS TOTAL LIABILITIES |
6.819 |
|
|
|
|
NET WORTH (D-E) |
29.004 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
PROJECT IN BRIEF:
Kakadiya Textiles is a proprietorship firm registered on 01.02.2018 for manufacturing of clothes. The firm is having office at 119 Mamta Park Society – 3 Spinning Mill compound Varachha Road Surat – 395006. Proprietor of the firm Mrs. Vasantben Pravinbhai Kakadiya age about 47 years. The factory premises is in the name of her Son Mr. Priyank Pravinbhai Kakadiya situated at Plot No. 187, ground Floor, Shivanjali Udyog Nagari Tatithaiya gam Kadodara Tal Palsana District Surat. The firm is going to install Six Shuttle less rapier weaving looms at the said premise.
The manpower the firm is going to hire include one supervisor, four operators and four helpers for the said project. There will be two shifts of 12 hours for the said project. The DGVCL connection for electricity will be taken. The bore facility is there for the water purpose.
factory premises situated at Plot No. 187, Ground Floor, Shivanjali
Udhyog Nagari Tatithaiya gam Kadodara
Tal Palsana Dist Surat. The Proprietor of the firm Mrs. Vasantben Pravinbhai Kakadiya.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
SN |
Nature of Security |
Type of Charge |
Value |
Basis / Source |
Whether eligible
under CRM (Basel II Norms) |
||||
|
Proposed |
|||||||||
|
01 |
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 and Associates |
Non CRM |
||||
|
02 |
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. |
||||||||
|
03 |
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. |
Non CRM |
|||||||
|
04 |
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 INR 1.735
Million |
Valuation
Report dated 09.02.2018 of Shree Datt
Valuer and Associates |
Non CRM |
||||
|
05 |
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 and Associates |
Non CRM |
||||
|
06 |
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 INR 4.000 Million (Insu) |
Valuation
Report dated 09.02.2018 of Shree Datt
Valuer and Associates |
Non CRM |
||||
|
07 |
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 |
|||||||
|
08 |
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 and Associates |
Non CRM |
||||
|
09 |
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 |
|
46.440 |
|
|
||||
-----------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any
of its beneficial owners, controlling shareholders or senior officers as terrorist
or terrorist organization or whom notice had been received that all financial
transactions involving their assets have been blocked or convicted, found
guilty or against whom a judgement or order had been entered in a proceedings
for violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.08 |
|
|
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.