|
|
|
MIRA
INFORM REPORT
|
Report No. : |
508732 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
M. J. TRADING COMPANY |
|
|
|
|
Registered
Office : |
252/1A, Acharya Prafulla Chandra Road, Kolkata-700006, West Bengal |
|
Tel No.: |
91-33-25645699 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Year of
Establishment : |
June, 2006 |
|
|
|
|
Capital
Investment : |
INR 10.864 Million |
|
|
|
|
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.] |
19AEBPJ3896E1ZC |
|
|
|
|
TIN No.: |
19351701082 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
Udyog Aadhar No: |
WB08A0004024 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEBPJ3896E |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Barbed Wire, Resaler of Wire, Wire Rod, Sheet, Plate,
etc. and Trader of Ferrous and Non Ferrous Material. [Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
06 [Approximately] [In Office: 02 and In Factory: 04] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established in the year 2006 and it is engaged trading of ferrous and non-ferrous material. It also manufactures barbed wires. As per financials of March 2017, the subject has achieved a sales turnover of INR 93.71 million and has reported average profit margin of 1.21%. Rating takes into consideration the subject’s satisfactory track record of business operations along with sound capital base and average profit margin. As per provisional financials of March 2018, the subject has achieved a sales turnover of INR 133.73 million and has reported average profit margin of 1.55%. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. |
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 15.05.2018.
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 : |
Mrs. Mily Jaiswal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9830115699 |
|
Date : |
14.05.2018 |
LOCATIONS
|
Registered Office : |
252/1A, Acharya Prafulla Chandra Road, Kolkata-700006, West Bengal,
India |
|
Tel. No.: |
91-33-25645699 |
|
Mobile No.: |
91-9830115699 [Mrs. Mily Jaiswal] |
|
Fax No.: |
Not Available |
|
Location : |
Rented |
|
|
|
|
Factory : |
Saraswati Complex, Nimerhati, Makardah, P.S. Domjur, Howrah-711409,
West Bengal, India |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
77A/H/ 55, Kailash Bose Street, Kolkata-700006, West Bengal, India |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mrs. Mily Jaiswal |
|
Designation : |
Proprietor |
|
Address : |
29B, Bhagwati Chatterjee Street, Kolkata-700006, West Bengal, India |
|
Date of Birth/Age : |
29.03.1978 |
|
Qualification : |
H.S. (Pass) |
|
Experience : |
12 Years |
|
PAN No.: |
AEBPJ3896E |
|
Passport No.: |
N6991184 |
|
Aadhar Card No: |
330116180771 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Barbed Wire, Resaler of Wire, Wire Rod, Sheet, Plate,
etc. and Trader of Ferrous and Non Ferrous Material. [Confirmed by Management]
|
|
|
|
|
Products/ Services : |
· Barbed Wire Resaler of Wire · Wire Rod · Sheet · Plate, etc |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [30 Days] |
|
|
|
|
Purchasing : |
Credit [30 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesaler and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
06 [Approximately] [In Office: 02 and In Factory: 04] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Mahendra Bhansali and Company Chartered Accountants |
|
Address : |
65 A, Nimtolla Ghat Street, Kolkata-700006, West Bengal, India |
|
Membership No.: |
065169 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS ON 31.03.2018
[PROVISIONAL]
|
PARTICULARS |
INR IN MILLION |
|
Mrs. Mily Jaiswal |
|
|
Opening Capital Account |
7.970 |
|
Add: Capital Introduce |
1.000 |
|
Add: Net Profit |
2.069 |
|
|
----------- |
|
Total |
11.039 |
|
|
|
|
Less: Drawings |
0.175 |
|
|
----------- |
|
TOTAL |
10.864 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2018 [Provisional] |
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor Capital Account |
|
10.864 |
7.970 |
|
|
2] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10.864 |
7.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
10.816 |
8.905 |
|
|
2] Unsecured Loans |
|
0.000 |
0.200 |
|
|
TOTAL BORROWING |
|
10.816 |
9.105 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
21.680 |
17.075 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.560 |
1.765 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
19.043
|
15.762
|
|
|
Sundry Debtors |
|
11.556
|
16.700
|
|
|
Cash & Bank Balances |
|
0.126
|
0.099
|
|
|
Other Current Assets |
|
0.000
|
0.027
|
|
|
Loans & Advances |
|
2.080
|
1.532
|
|
Total
Current Assets |
|
32.805
|
34.120
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
12.674
|
18.765
|
|
|
Other Current Liabilities |
|
0.011
|
0.045
|
|
|
Provisions |
|
0.000
|
0.000
|
|
Total
Current Liabilities |
|
12.685
|
18.810
|
|
|
Net Current Assets |
|
20.120
|
15.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
21.680 |
17.075 |
|
PROFIT
& LOSS ACCOUNT
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
31.54 |
65.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
11.57 |
5.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
36.46 |
76.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.18 |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
2.25 |
1.26 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
|
0.68 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
1.00 |
1.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
1.17 |
2.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.14 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
2.84 |
2.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
1.55 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
6.02 |
3.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
19.04 |
14.20 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
2.59 |
1.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.08 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.32 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
1.00 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
2.59 |
1.79 |
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
|
Particulars |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
|
Proprietor Capital |
7.970 |
10.864 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
7.970 |
10.864 |
|
Secured Loans |
8.905 |
10.816 |
|
Unsecured Loans |
0.200 |
0.000 |
|
Total
borrowings |
9.105 |
10.816 |
|
Debt/Equity
ratio |
1.142 |
0.996 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
93.711 |
133.732 |
|
|
|
42.707 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
93.711 |
133.732 |
|
Profit |
1.132 |
2.069 |
|
|
1.21% |
1.55% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR In Million) |
31.03.2017 (INR
In Million) |
|
Sarvesh Jaiwal |
0.000 |
0.200 |
|
|
|
|
|
Total |
0.000 |
0.200 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TAXABLE INCOME
MRS. MILY JAISWAL
(INR
IN MILLION)
|
PARTICULARS |
31.03.2017 |
|
Net Profit as per Profit and Loss A/c |
1.132 |
|
|
|
|
Add: Interest from Saving Bank Account |
0.000 |
|
|
|
|
Gross Taxable Income |
1.132 |
|
|
|
|
Less: Deductions under Chapter-VI-A |
0.157 |
|
|
|
|
Net Taxable Income |
0.975 |
|
|
|
|
Rounded Off |
0.975 |
|
|
|
|
Tax on above |
0.124 |
|
|
---------- |
|
Total |
0.120 |
|
|
---------- |
|
Add: Education Cess @ 3% |
0.004 |
|
|
|
|
Add: Interest on tax |
0.010 |
|
|
---------- |
|
Total |
0.133 |
|
|
---------- |
|
Less: Advance
Tax, TDS and Self assessment tax paid |
0.049 |
|
|
---------- |
|
Tax Payable /
Refund (if negative) |
0.084 |
|
|
---------- |
-----------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR
IN MILLION)
|
SOURCES OF FUNDS |
|
31.03.2020 |
31.03.2019 [Estimated] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
|
16.598 |
13.837 |
|
|
2] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
16.598 |
13.837 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
15.640 |
16.239 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
15.640 |
16.239 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
32.238 |
30.076 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.222 |
1.380 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
23.240
|
21.244
|
|
|
Sundry Debtors |
|
17.840
|
18.056
|
|
|
Cash & Bank Balances |
|
0.136
|
0.165
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
2.400
|
2.200
|
|
Total
Current Assets |
|
43.616
|
41.665
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
12.575
|
12.954
|
|
|
Other Current Liabilities |
|
0.000
|
0.000
|
|
|
Provisions |
|
0.025
|
0.015
|
|
Total
Current Liabilities |
|
12.600
|
12.969
|
|
|
Net Current Assets |
|
31.016
|
28.696
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
32.238 |
30.076 |
|
-----------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
|
2018-2019 |
2019-2020 |
|
Gross income |
|
|
|
Domestic sales |
158.698 |
189.550 |
|
|
|
|
|
Export sales |
0.000 |
0.000 |
|
|
|
|
|
Total |
158.698 |
189.550 |
|
|
|
|
|
Less: Excise duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
158.698 |
189.550 |
|
|
|
|
|
% age rise in net sales as compared to
prev. year |
18.67% |
19.44% |
|
|
|
|
|
Cost of Sales: |
|
|
|
i) Raw-materials (including stores
and other items used in the process of manufacture) |
|
|
|
(a) imported |
0.000 |
0.000 |
|
(b) Technical Services |
153.166 |
183.325 |
|
|
|
|
|
ii) Other spares |
|
|
|
(a) imported |
0.000 |
0.000 |
|
(b) indigenous |
0.000 |
0.000 |
|
|
|
|
|
iii) Power and
fuel |
0.000 |
0.000 |
|
|
|
|
|
Direct labour (factory wages and salaries) |
0.000 |
0.000 |
|
|
|
|
|
Trading expenses and other mfg. expenses |
1.757 |
1.875 |
|
|
|
|
|
Depreciation |
0.180 |
0.158 |
|
|
|
|
|
Sub-total |
155.103 |
185.358 |
|
|
|
|
|
Add: Opening stocks- raw materials |
0.000 |
0.000 |
|
|
|
|
|
Sub-total |
155.103 |
185.358 |
|
|
|
|
|
Less: Closing stocks - raw materials |
0.000 |
0.000 |
|
|
|
|
|
Cost of production |
155.103 |
185.358 |
|
|
|
|
|
Add: Opening
stocks - finished goods |
19.044 |
21.244 |
|
|
|
|
|
Sub-total |
174.146 |
206.602 |
|
|
|
|
|
Less: Closing stocks - finished goods |
21.244 |
23.240 |
|
|
|
|
|
Sub-total -Cost of
sales |
152.903 |
183.362 |
|
|
|
|
|
Gross profit |
5.975 |
6.346 |
|
|
|
|
|
Selling, general
and administrative and advertisement expenses |
2.429 |
2.582 |
|
|
|
|
|
SUB-TOTAL |
155.331 |
185.944 |
|
|
|
|
|
Operating Profit
Before Interest |
3.366 |
3.606 |
|
|
|
|
|
Interest |
1.298 |
1.495 |
|
|
|
|
|
Operating Profit after Interest |
2.067 |
2.111 |
|
|
|
|
|
i) Add: Other
non-operating income |
|
|
|
a) Interest
earned |
0.130 |
0.150 |
|
|
|
|
|
Sub-total
(income) |
0.130 |
0.150 |
|
|
|
|
|
Net of other
non-operating income/expenses |
0.130 |
0.150 |
|
|
|
|
|
Profit before tax/loss |
2.197 |
2.261 |
|
|
|
|
|
Provision for
taxes |
0.000 |
0.000 |
|
|
|
|
|
Net Profit/loss |
2.197 |
2.261 |
|
|
|
|
|
Retained profit |
2.197 |
2.261 |
|
|
|
|
|
Retained profit/net profit (%) |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
|
2018-2019 |
2019-2020 |
|
CURRENT LIABILITIES |
|
|
|
Short term borrowings from banks(including bills parched and discounted and the excess borrowings |
|
|
|
placed on repayment basis) |
|
|
|
|
|
|
|
(i) From applicant bank |
15.000 |
15.000 |
|
|
|
|
|
(ii) From other banks |
0.000 |
0.000 |
|
|
|
|
|
(iii) (of which BP & BD) |
0.000 |
0.000 |
|
|
|
|
|
(iv) from applicant bank against fixed deposit |
0.000 |
0.000 |
|
|
|
|
|
Sub-Total (A) |
15.000 |
15.000 |
|
|
|
|
|
Short-term borrowings from others |
12.954 |
12.575 |
|
|
|
|
|
Sundry Creditors(Trade) |
0.000 |
0.000 |
|
|
|
|
|
Advance payments from customers |
0.000 |
0.000 |
|
|
|
|
|
Provision for taxation |
0.000 |
0.000 |
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
|
|
|
|
|
Other statutory liabilities (due within one year) |
0.000 |
0.000 |
|
|
|
|
|
Deposit/instalments of term loans/ DPG debenture, etc. (due within one year) |
0.000 |
0.000 |
|
|
|
|
|
Other current liabilities and provisions (due within one year) |
0.015 |
0.025 |
|
|
|
|
|
Sub-Total |
12.969 |
12.600 |
|
|
|
|
|
Total Current
liabilities |
27.969 |
27.600 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
Debentures (not maturing within one year) |
-- |
-- |
|
|
|
|
|
Preferences shares (redeemable after one year) |
-- |
-- |
|
|
|
|
|
Term deposits (excluding instalments payable within one year) |
-- |
-- |
|
|
|
|
|
Deferred payment credits (excluding instalments payable within one year) |
0.000 |
0.000 |
|
|
|
|
|
Term loans (repayable after one year) |
|
|
|
From bank |
1.239 |
0.640 |
|
From others |
0.000 |
0.000 |
|
|
|
|
|
Other term liabilities |
0.000 |
0.000 |
|
|
|
|
|
Total Term
Liabilities |
1.239 |
0.640 |
|
|
|
|
|
Total Outside
Liabilities |
29.208 |
28.240 |
|
|
|
|
|
NET WORTH |
|
|
|
Proprietors capital |
10.864 |
13.837 |
|
|
|
|
|
General reserve |
0.000 |
0.000 |
|
|
|
|
|
Capital introduction |
1.000 |
0.750 |
|
|
|
|
|
Capital withdrawn |
0.225 |
0.250 |
|
|
|
|
|
Surplus or deficit in profit and loss |
2.197 |
2.261 |
|
|
|
|
|
NET WORTH |
13.837 |
16.598 |
|
|
|
|
|
TOTAL Liabilities |
43.045 |
44.838 |
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and Bank
balance |
0.16 |
0.136 |
|
|
|
|
|
Investments
(other than long term investments) |
|
|
|
i) Fixed, recurring and margin deposits with banks |
2.075 |
2.250 |
|
|
|
|
|
ii) Receivables other than deferred and export
(including bills purchased and discounted by banks) |
18.056 |
17.840 |
|
Instalments of
deferred receivables (due within one year) |
|
|
|
|
|
|
|
Inventory : |
|
|
|
(i) Raw materials (including stores & other items used in process of manufac.) |
0.00 |
0.00 |
|
|
|
|
|
(ii) Stocks-in-process |
0.00 |
0.00 |
|
|
|
|
|
(iii) Finished
goods |
21.244 |
23.240 |
|
|
|
|
|
(iv) Other consumables |
|
|
|
a) Imported |
0.00 |
0.00 |
|
b) Indigenous |
0.00 |
0.00 |
|
|
|
|
|
Advances to
suppliers of raw materials and stores/
spares |
0.00 |
0.00 |
|
|
|
|
|
Advance payment
of taxes |
0.00 |
0.00 |
|
|
|
|
|
Other current
assets |
0.125 |
0.150 |
|
|
|
|
|
TOTAL CURRENT ASSETS |
41.665 |
43.616 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross block (land
and (building, machinery, working-in-progress, etc.) |
1.560 |
1.380 |
|
|
|
|
|
Depreciation to
Date |
0.180 |
0.158 |
|
|
|
|
|
NET BLOCK |
1.380 |
1.221 |
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
Investments/Book
debts/ advances /deposits which are
not current assets |
|
|
|
(i) (a) Others |
0.00 |
0.00 |
|
|
|
|
|
(b) Other fixed deposits |
0.00 |
0.00 |
|
|
|
|
|
TOTAL OTHER NON-CUR ASSETS |
0.00 |
0.00 |
|
|
|
|
|
Intangible Assets
(patents, good-will, prelim, expents, bad & doubtful debts not provided
for, etc.) |
0.00 |
0.00 |
|
|
|
|
|
TOTAL ASSETS |
43.045 |
44.838 |
|
|
|
|
|
TANGIBLE NETWORTH |
13.837 |
16.598 |
|
|
|
|
|
NET WORKING CAPITAL |
13.696 |
16.016 |
|
|
|
|
|
Current Ratio |
1.49 |
1.58 |
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
Worth |
2.11 |
1.70 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
AND CURRENT LIABILITIES
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
|
2018-2019 |
2019-2020 |
|
CURRENT ASSETS |
|
|
|
Receivables other than export and deferred receivables (including bills purchased and discounted by bankers) |
18.056 |
17.840 |
|
(months' domestic sales excluding deferred payment sales) |
1.37 |
1.13 |
|
|
|
|
|
Other current assets including cash and bank balances and deferred receivables due within one year |
23.609 |
25.776 |
|
|
|
|
|
Total Current
Assets |
41.665 |
43.616 |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
Creditors for purchases of raw materials |
12.954 |
12.575 |
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
|
|
|
|
|
Statutory Liabilities |
-- |
-- |
|
|
|
|
|
Other current liabilities |
0.015 |
0.025 |
|
|
|
|
|
TOTAL |
12.969 |
12.600 |
-----------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
|
2018-2019 |
2019-2020 |
|
Total current asset |
41.665 |
43.616 |
|
|
|
|
|
Other current liabilities [Other than bank borrowing] |
12.969 |
12.600 |
|
|
|
|
|
Working capital GAP |
28.696 |
31.016 |
|
|
|
|
|
Minimum
Stipulated net working capital 25% of WCG/total current assets as the case
may be depending [Export receivable to be excluded under both methods] |
7.174 |
7.754 |
|
|
|
|
|
Actual/Projected net working capital [CA-CL] |
13.696 |
16.016 |
|
|
|
|
|
Item 3 minus Item 4 |
21.522 |
23.262 |
|
|
|
|
|
Item 3 minus Item 5 |
15.000 |
15.000 |
|
|
|
|
|
Maximum permissible bank finance (Item 6 or 7, whichever is lower) |
21.522 |
23.262 |
|
|
|
|
|
Excess Borrowings, if any representing short/ all in NWC |
(6.522) |
(8.262 |
|
|
|
|
|
TURNOVER METHOD |
|
|
|
|
|
|
|
Annual projected sales (by borrower) |
158.698 |
189.550 |
|
|
|
|
|
Annual projected sales acceptable by bank |
158.698 |
189.550 |
|
|
|
|
|
Working capital requirement |
39.674 |
47.388 |
|
|
|
|
|
Net working capital
(NCW) |
|
|
|
Margin to be provided by the borrower |
13.696 |
16.016 |
|
5% |
7.935 |
9.478 |
|
|
|
|
|
6.25% of A |
9.919 |
11.847 |
|
|
|
|
|
Margin to be deducted [higher of above] |
7.935 |
9.478 |
|
|
|
|
|
Eligible working finance |
31.740 |
7.910 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL RATIOS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
|
|
|
2018-2019 |
2019-2020 |
|
Debt equity ratio |
0.09 |
0.04 |
|
|
|
|
|
Stock (No. of month sales) |
1.61 |
1.47 |
|
|
|
|
|
Debtors (No. of month sales) |
1.37 |
1.13 |
|
|
|
|
|
Trade creditors (No. of month sales) |
1.01 |
0.82 |
|
|
|
|
|
Liquid surplus |
136.96 |
160.16 |
|
|
|
|
|
Net profit/ sales as % |
1.38 |
1.19 |
|
|
|
|
|
Gross profit/ sales as % |
3.77 |
3.35 |
|
|
|
|
|
TOTAL LIABILITY TO
NETWOTH |
3.11 |
2.70 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. MILY JAISWAL
(INR IN MILLION)
BANK
A/C
|
Bank |
Branch |
S/B/ C/D A/c No. |
|
Union Bank of India
|
Manicktala |
41660201009419 |
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
|
Non Agri. Land |
Mily Jaiswal
Vishek Jaiswal |
11 Kattah |
Free Hold |
Sarswati Complex
Vill- Nimerhati, Makardah, P.S. Domjur, Howrah-711409 |
INR 8.000
Million |
MOVABLE PROPERTY
INSURANCE POLICIES
|
Name of Company
& Branch |
Policy No |
Dt. of issue |
Sum assured |
Surrender value |
Annual premium |
Premium paid
upto what period |
|
SBI Life Insurance |
45007153405 |
05.08.14 |
INR 2.500 Million |
--- |
INR 8.768 Million |
2017-2018 |
TERM DEPOSITS
|
Bank/ Branch
Name |
Type |
Amount and Date
of Receipt |
|
Union Bank of India |
Fixed Deposit |
INR 0.860 Million |
|
Term Deposit Account No. |
Current Value |
|
416603030212909 |
0.058 |
|
416603030212910 |
0.058 |
|
416603030212911 |
0.058 |
|
416603030212912 |
0.058 |
|
416603030212913 |
0.058 |
|
416603030212914 |
0.058 |
|
416603030212915 |
0.058 |
|
416603030212916 |
0.058 |
|
416603030212917 |
0.028 |
|
416603030212925 |
0.058 |
|
416603030212926 |
0.057 |
|
416603030212927 |
0.057 |
|
416603030212928 |
0.057 |
|
416603030212929 |
0.057 |
|
416603030212930 |
0.057 |
|
416603030212931 |
0.025 |
|
Total |
0.860 |
VEHICLES
|
Type of Vehicle |
Registration No. |
Model |
Year to make |
Cost at the time
of Purchase |
Present Value |
|
Maruti Wagon- R |
WB02AB6326 |
Wagon-R |
2012 |
INR 0.517 Million |
INR 0.275 Million |
JEWELLERY
|
Particulars |
Valuation
(approx.)* |
|
Gold |
2.500 |
|
Silver |
0.400 |
CAPITAL INVESTED IN BUSINESS (AS ON LATEST BALANCE SHEET)
|
M.J. TRADING CO. |
INR 7.970 Million |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Address |
|
Vishek Jaiswal |
Business |
Husband |
41 |
29B, Bhagwati Chatterjee Street, Kolkata-700056 |
|
Rachit Jaiswal |
Student |
Son |
21 |
|
|
Bhavya Jaiswal |
Student
|
Daughter |
14 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. VISHEK JAISWAL (GUARANTOR)
(INR IN MILLION)
BANK
A/C
|
Bank |
Branch |
S/B/ C/D A/c No. |
|
Union Bank of India
|
Manicktalla |
41660201009420 |
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own name |
Area |
Free hold or
Lease hold |
Location/ address |
Present Value |
|
Non Agri. Land |
Mily Jaiswal
Vishek Jaiswal |
11 Kattah |
Free Hold |
Sarswati Complex
Vill- Nimerhati, Makardah, P.S. Domjur Howrah-711409 |
INR 8.000
Million |
MOVABLE PROPERTY
TERM DEPOSITS
|
Bank/ Branch
Name |
Type |
Amount and Date
of Receipt |
|
Union Bank of India |
Fixed Deposit |
INR 0.580 Million |
|
Term Deposit Account No. |
Current Value |
|
416603030212904 |
0.058 |
|
416603030212905 |
0.058 |
|
416603030212906 |
0.058 |
|
416603030212907 |
0.058 |
|
416603030212908 |
0.005 |
|
416603030212918 |
0.058 |
|
416603030212919 |
0.057 |
|
416603030212920 |
0.057 |
|
416603030212921 |
0.057 |
|
416603030212922 |
0.057 |
|
416603030212923 |
0.057 |
|
|
|
|
Total |
0.580 |
VEHICLES
|
Type of Vehicle |
Registration No. |
Model |
Year to make |
Cost at the time
of Purchase |
Present Value |
|
Two Wheeler |
WB 24 AG 4940 |
Activa 3G |
2016 |
INR 0.061 Million |
INR 0.035 Million |
JEWELLERY
|
Particulars |
Valuation
(approx.)* |
|
Gold |
INR 0.350 Million |
|
Silver |
INR 0.100 Million |
CAPITAL INVESTED IN BUSINESS (AS ON LATEST BALANCE SHEET)
|
V.J. TRADERS |
INR 0.490 Million |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Address |
|
Mily Jaiswal |
Business |
Wife |
39 |
29B, Bhagwati Chatterjee Street,
Kolkata-700056 |
|
Rachit Jaiswal |
Student
|
Son |
21 |
|
|
Bhavya Jaiswal |
Student
|
Daughter |
14 |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
07.04.2018 |
|
|
|
|
Name of the Owner |
Mr. Vishek Jaiswal S/o. Lt. Basanta Lal Jaiswal Mrs. Mily Jaiswal W/O. Mr. Vishek Jaiswal Mob. 9830115699/ 9331980135 |
|
|
|
|
Location, street, ward no. |
Holding No. 426, Ankurhati, Nimerhati, P.S-
Domjur, Under Mahiyari -II Panchayat, Pin No. 711409, Dist- Howrah |
|
|
|
|
Survey/ Plot No of Land |
Mouza-Ankurhati, J.L. No-30, Re. Su. No.
102, Touzi No.-172, R.S. Dag No. 505, L.R. Dag No. 585, R.S. Khatian No:-
1582, L.R. Kh. No. 3108 & 3109, 3338 (as per purcha), P.S- Domjur, Under
Mahiyari -II Panchayat, Pin No. 711409, Dist- Howrah |
|
Fair Market Value |
INR 7.733 Million |
|
|
|
|
Realizable Value |
INR 6.960 Million |
|
|
|
|
Distress Sale Value |
INR 6.186 Million |
-----------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any
of its beneficial owners, controlling shareholders or senior officers as
terrorist or terrorist organization or whom notice had been received that all
financial transactions involving their assets have been blocked or convicted,
found guilty or against whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.