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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506775

Report Date :

16.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RELIABLE LABOUR ORGANISATION

 

 

Registered Office :

Room No. 03, M P Nagina, Tata Kandra Main Road, Adityapur, Jamshedpur - 831013, Jharkhand

Tel. No.:

91-657-2373147

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Year of Establishment :

2006

 

 

Capital Investment :

INR 12.452 Million

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable [As informed by the management that firm does not have export and import]

 

 

TIN No.:

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

20BCPPS0195G1ZJ [Jamshedpur]

19BCPPS0195G1Z2 [Howrah]

 

 

PAN No.:

[Permanent Account No.]

BCPPS0195G

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Subject is engaged in Supplying Manpower, Security Staff to Industrial Units, Corporate Offices, etc. [Confirmed by Management]

 

 

No. of Employees :

5420 [Approximately] [In Office: 04, In Branch : 16 and In Factory: 5400]

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a proprietorship concern established in the year 2006 having satisfactory track record. It is engaged in supplying manpower, security staff to industrial units, corporate offices, etc.

 

For the financial year 2017, the concern has achieved top line growth in its sales turnover as compared to its previous year along with fair profit margin during the year.

 

Rating takes into consideration, the healthy financial risk profile marked by adequate capital base and average debt protection metrics.

 

Rating continue to derive strength from its established track record of its business operation backed by its considerable experience of the proprietor.

 

Rating also considers positive feedback received from its customers (Kunhe + Nagel Private Limited, Visaka Industries Limited, Essencia Beverages Private Limited, Linc Pen and Plastic Limited, Future Supply Chain Solution Limited and ITC Foods Limited) for satisfactory product quality and delivery behaviour.

 

The subject’s banker (Bank of India) gave positive response about the subject and for satisfactory banking transactions.

 

Payment seems to be usually correct.

 

In view of aforesaid, the concern can be considered for business dealing at usual trade terms and conditions.

 

NOTE: Site visit report will be sent in due course.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

 

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 16.05.2018.

 

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. Satyashiv Singh

Designation :

Proprietor

Contact No.:

91-9931112797

Date :

12.05.2018

 

 

LOCATIONS

 

Registered Office :

Room No. 03, M P Nagina, Tata Kandra Main Road, Adityapur, Jamshedpur - 831013, Jharkhand, India

Tel. No.:

91-657-2373147

Mobile No.:

91-9931112797 [Mr. Satyashiv Singh]

Fax No.:

Not Available

E-Mail :

reliablelabour2006@gmail.com

Location :

Rented

 

 

Branch Office:

Subhadeep Building, Alampur, Howrah - 711302, West Bengal, India

Area :

450 Sq. Ft.

Location :

Rented

 

 

SOLE PROPRIETOR

 

Name :

Mr. Satyashiv Singh

Designation :

Proprietor

Address :

Flat No. 2/2, 2nd Floor, A Block Sky Residency, Adityapur, Jai Prakash Nagar, Jamshedpur, Jharkhand, India

Date of Birth/Age :

28.04.1975

Qualification :

Graduate

Experience :

12 Years

PAN No.:

BCPPS0195G

Aadhaar No.:

4000 7918 9770

Profile:

The young and dynamic entrepreneur Mr. Satya Shiv Singh, Promoter of the organization having more than 15 years of proficiency in HR and labour management. He stared with his own proprietorship firm Reliable Labour Organisation in the year of 2006. Year on year the firm has registered growth in the segment.

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in Supplying Manpower, Security Staff to Industrial Units, Corporate Offices, etc. [Confirmed by Management]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Credit [30/ 60/ 90 Days]

 

 

Purchasing :

Not Available

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Available 

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Others [Big Corporates]

 

Reference:

Kunhe + Nagel Private Limited (Amazon)

Address: Hooghly, West Bengal, India

Name of the Person (Designation):

Mr. Shishir Singh (HR Head)

Contact Number:

91-9811693688

Since how long known:

Just few month ago

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

Reference:

Visaka Industries Limited

Address: At Salabani, Paschim Medinapur, West Bengal

Name of the Person (Designation):

Mr. Suhas Samanta Ray, (HR Manager)

Contact Number:

91-9434028600

Since how long known:

12 Years

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

Reference:

Essencia Beverages Private Limited

Address: Kolkata, West Bengal, India 

Name of the Person (Designation):

Mr. Jyotirmay Mukherjee (HR Manager)

Contact Number:

91-9830800882

Since how long known:

9 Years

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

 

Reference:

Linc Pen and Plastic Limited

Address: Kolkata, West Bengal, India 

Name of the Person (Designation):

Mr. B D Gupta (HR Manager)

Contact Number:

91-8583021985

Since how long known:

3 Years

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

Reference:

Future Supply Chain Solution Limited

Address: Kolkata, West Bengal, India 

Name of the Person (Designation):

Mr. Sujon Palit (HR Head)

Contact Number:

91-9830356289

Since how long known:

3 Years

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

Reference:

ITC Foods Limited

Address: Howrah, Kolkata, West Bengal, India 

Name of the Person (Designation):

Mr. Debjyoti Chakraborty (HR Head)

Contact Number:

91-9830016841

Since how long known:

2 Years

Maximum limit dealt:

--

Experience:

Product Quality: Good

Delivery Behaviour: Good

Overall: Good

Remark

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour.

 

·         Ambuja Cement Limited

·         Everest Industries Limited

·         ASO Cement Limited

·         Epitome Petropack Limited

·         Win Pens Private Limited

·         Minddrill System and Solution Private Limited

·         Navyug Minerals and Aggregates Limited

·         Orient Beverages Limited

·         Ultratech Cement Limited

·         Future Supply Chan Solution Limited

·         Rupa and Co. Limited

·         Mahindra Logistics Limited

·         DHL Honda, DHL Tata Steel, DHL Vodafone.

 

 

No. of Employees :

5420 [Approximately] [In Office: 04, In Branch : 16 and In Factory: 5400]

 

 

Bankers :

 

Bank Name:

Bank of India

Branch:

Sakchi Branch, Jamshedpur, Jharkhand, India

Person Name (with Designation):

Mr. Ravi Kumar Verma [Credit Manager]

Contact Number:

91-657-2221518

Name of Account Holder:

RELIABLE LABOUR ORGANISATION

Account Number:

450430110000063

Account Since (Date/ Year of A/c Opening):

09.05.2014

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit Limit = INR 25.000 Million

Account Operation:

Satisfactory 

Remarks:

We spoke to Mr. Ravi Kumar Verma [Credit Manager] who gave us positive response about subject company they are satisfied with banking transaction.

 

 

Facilities :

SECURED LOANS

31.03.2017

(INR In Million)

31.03.2016

(INR In Million)

Cash credit loan – BOI

17.903

9.405

Housing loan – BOI

1.800

1.839

Car loan - BOI

1.817

1.180

 

 

 

Total

 

21.520

12.424

 

Auditors :

 

Name :

D K Mittal and Associates

Chartered Accountants 

Address :

303, Sai Regency, Station Road, Tapadia Complex, Jamshedpur - 831006, Jharkhand, India

Tel. No.:

91-657-2291224

Mobile No.:

91-9431756882

Email:

mittal.cadeepak@redifmail.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Capital Investment :

 

INR in Million

Opening balance

6.957

Add: Profit during the year

8.740

 

----------

 

15.697

Less: Income tax payable

2.415

Less: Drawing

0.830

 

----------

Total

 

12.452

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.03.2017

31.03.2016

SHAREHOLDERS FUNDS

 

 

 

1] Capital Account

 

12.452

6.957

2] Reserves & Surplus

 

0.000

0.000

NETWORTH

 

12.452

6.957

LOAN FUNDS

 

 

 

1] Secured Loans

 

21.520

12.424

2] Unsecured Loans

 

13.206

8.207

TOTAL BORROWING

 

34.726

20.631

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

47.178

27.588

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

9.825

8.211

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

1.557

1.028

DEFERRED TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

0.000

0.000

 

Sundry Debtors
 
37.444
22.035

 

Cash & Bank Balances
 
2.714
0.960

 

Other Current Assets
 
1.506
0.985

 

Loans & Advances
 
6.824
3.484

Total Current Assets
 
48.488
27.464

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
 
0.000
0.000

 

Other Current Liabilities
 
10.278
7.851

 

Provisions
 
2.414
1.264

Total Current Liabilities
 
12.692
9.115

Net Current Assets
 
35.796
18.349

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

47.178

27.588

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

 

Gross Receipts

 

155.127

90.131

 

 

Other Income

 

0.227

0.426

 

 

TOTAL                                    

 

155.354

90.557

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Wages

 

115.950

67.136

 

 

Labour uniform

 

0.218

0.110

 

 

Provident fund

 

7.978

4.733

 

 

Bonus

 

5.916

3.666

 

 

ESIC

 

4.504

2.361

 

 

Staff salaries

 

3.604

2.303

 

 

Travelling and tour/conveyance

 

0.907

0.631

 

 

Telephone and mobile expenses

 

0.121

0.126

 

 

Postages and stationary

 

0.011

0.010

 

 

Rent and electricity

 

0.331

0.450

 

 

Printing and stationery

 

0.062

0.071

 

 

Audit fees

 

0.042

0.030

 

 

Deduction

 

0.164

0.000

 

 

Puja expense and gift

 

0.303

0.000

 

 

General expenses

 

0.262

0.056

 

 

Consultancy charges

 

0.180

0.080

 

 

Retirement and recreation

 

0.285

0.201

 

 

Repair and maintenance charges

 

0.150

0.100

 

 

Insurance of Innova

 

0.043

0.000

 

 

loan processing fees

 

0.528

0.238

 

 

Safety material expense

 

0.021

0.000

 

 

Staff welfare expenses

 

0.161

0.000

 

 

Service tax filing

 

0.003

0.000

 

 

Business promotion

 

0.000

0.131

 

 

Office expenses

 

0.409

0.155

 

 

Medical expenses of employees

 

0.101

0.018

 

 

Round off

 

0.001

0.000

 

 

Misc. expenses

 

0.000

0.133

 

 

TOTAL                                    

 

142.255

82.739

 

 

 

 

 

 

 

PROFIT BEFORE INTEREST,  DEPRECIATION AND AMORTISATION

 

14.099

7.818

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

3.755

2.418

 

 

 

 

 

 

PROFIT BEFORE DEPRECIATION AND AMORTISATION

 

9.344

5.400

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

0.604

0.405

 

 

 

 

 

 

NET PROFIT    

 

8.740

4.995

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

Average Collection Days

(Sundry Debtors / Income * 365 Days)
 

88.10

89.23

 
 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)
 

4.14

4.09

 
 

 

 

Inventory Turnover

(Operating Income / Inventories)
 

0.00

0.00

 
 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)
 

1.33

0.95

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)
 

0.79

0.81

 
 

 

 

Debt Equity Ratio

(Total Liability / Networth)
 

2.79

2.97

 
 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)
 

2.08

2.49

 
 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)
 

0.79

1.18

 
 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)
 

3.49

3.23

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

Net Profit Margin

((PAT / Sales) * 100)

%
 

5.63

5.54

 

 
 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%
 

14.60

13.61

 

 
 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%
 

70.19

71.80

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

Current Ratio

(Current Assets / Current Liabilities)
 

1.87

1.59

 
 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)
 

1.87

1.59

 
 

 

 

G-Score Ratio Financial

(Networth / Total Assets)
 

0.21

0.19

 
 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)
 

2.79

2.97

 
 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)
 

1.87

1.59

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

31.03.2016

31.03.2017

 

INR In Million

INR In Million

Capital Account

6.957

12.452

Reserves & Surplus

0.000

0.000

Net worth

6.957

12.452

 

 

 

Secured Loans

12.424

21.520

Unsecured Loans

8.207

13.206

Total borrowings

20.631

34.726

Debt/Equity ratio

2.966

2.789

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2016

31.03.2017

 

INR In Million

INR In Million

Gross Receipts

90.131

155.127

 

 

72.113

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2016

31.03.2017

 

INR In Million

INR In Million

Gross Receipts

90.131

155.127

Profit

4.995

8.740

 

5.54%

5.63%

 


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

No

18

Major suppliers

No

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

Yes

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

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

31.03.2017

(INR In Million)

31.03.2016

(INR In Million)

Bajaj finance

1.822

1.873

Magma finance

2.198

1.752

Tata capital

1.776

0.836

Axis bank

2.750

2.299

HDB financial

1.913

1.405

ICICI Bank

2.105

0.000

From friends and relatives

0.642

0.042

 

 

 

Total

 

13.206

8.207

 

------------------------------------------------------------------------------------------------------------------------------

 

COMPUTATION OF TOTAL INCOME

 

(INR IN MILLION)

 

PARTICULARS

 

31.03.2017

INCOME FROM HOUSE PROPERTY

 

 

 

 

 

 

 

SELF-OCCUPIED HOUSE

 

 

 

Address: Flat No. 2/2, A Block, 2nd Floor, Sky Residency, Adityapur, Jai Prakash Nagar, Jamshedpur, Jharkhand-831013

 

 

 

Annual Value

 

0.000

 

Less: Interest U/S 24 (b)

 

(0.176)

 

 

 

--------------

 

PROFITS AND GAINS FROM BUSINESS AND PROFESSION

 

 

8.740

 

 

 

 

RELIABLE LABOUR ORGANIZATION

 

 

 

Profit before tax as per profit and loss Account

 

8.740

 

Add: Depreciation Disallowed

 

0.604

 

 

 

--------------

 

 

 

9.344

 

Less: Allowed Depreciation

 

(0.604)

 

 

 

--------------

 

 

 

8.740

 

INTER-HEAD ADJUSTMENT OF LOSSES U/S 71

 

 

 

House property loss set off from business income INR

 

 

(0.176)

 

 

 

--------------

GROSS TOTAL INCOME

 

 

8.564

 

 

 

 

LESS: DEDUCTION UNDER CHAPTER-VIA

 

 

 

80C Deduction

 

0.150

 

80D Medical Insurance Premia

 

0.016

 

Total Deductions

 

--------------

0.166

 

 

 

 

TOTAL INCOME

 

 

8.398

 

 

 

 

TOTAL INCOME ROUNDED OFF U/S 288A

 

 

8.398

 

 

 

 

COMPUTATION OF TAX ON TOTAL INCOME

 

 

 

Tax on INR 0.250

 

0.000

 

Tax on INR 0.250 (0.500-0.250) @ 10%

 

0.025

 

Tax on INR 0.500 (0.100-0.500) @ 20%

 

0.100

 

Tax on INR 7.398 (8.398-1.000) @ 30%

 

2.219

 

Tax on INR 8.398

 

--------------

2.344

 

 

 

 

Add: Education cess @2%

 

 

0.047

 

 

 

--------------

 

 

 

2.391

Add: Secondary and Higher Education cess @1%

 

 

0.024

 

 

 

--------------

 

 

 

2.415

LESS: TAX DEDUCTION AT SOURCE

 

 

 

Contractors and sub-Contractors

 

1.500

 

Other Interest

 

0.006

 

 

 

--------------

1.506

 

 

 

--------------

 

 

 

0.909

ADD: INTEREST PAYABLE

 

 

 

Interest U/S 234B

 

0.045

 

Interest U/C 234C

 

0.046

 

 

 

--------------

0.091

 

 

 

--------------

 

 

 

1.000

 

 

 

 

Tax Rounded off U/S 288B

 

 

1.000

 

 

 

 

LESS: SELF ASSESSMENT TAX U/S 140A

 

 

 

HDFC Bank - 0510308-05436-23.08.2017

 

1.000

1.000

 

 

 

--------------

TAX PAYABLE

 

 

0.000

 

------------------------------------------------------------------------------------------------------------------------------

 

DEBT SERVICE COVERAGE RATIO

 

(INR IN MILLION)

 

Particulars

 

OPERATING YEARS

 

31.03.2018

[Provisional]

31.03.2019

[Projected]

31.03.2020

[Projected]

Profit after tax

12.677

16.738

21.050

 

 

 

 

Depreciation

0.767

0.708

0.659

 

 

 

 

Interest

3.171

3.560

1.738

 

 

 

 

Total

16.820

21.216

23.618

 

 

 

 

Repayment of term loan

5.726

10.011

10.137

 

 

 

 

Principal repayment

--

--

--

 

 

 

 

Axis Bank

0.680

0.858

1.001

 

 

 

 

Bajaj finance

0.625

0.917

1.108

 

 

 

 

BOI-HL

0037

0.041

0.045

 

 

 

 

BOI-AL

0.277

0.352

0.390

 

 

 

 

HDB financial

0.575

0.679

0.661

 

 

 

 

Magma fincorp

0.783

1.246

1.605

 

 

 

 

Tata capital

0.690

1.068

1.273

 

 

 

 

HDFC Bank

0.240

0.464

0.644

 

 

 

 

Capital first

0.330

0.765

0.923

 

 

 

 

ICICI Bank

0.765

0.918

0.420

 

 

 

 

Allahabad Bank - AL

0.050

0.060

0.065

 

 

 

 

Edelweiss finance

0.355

1.214

0.950

 

 

 

 

Lending kart

0.319

1.429

1.252

 

 

 

 

Interest

3.376

3.770

1.909

 

 

 

 

Total

9.102

13.781

12.046

 

 

 

 

DSCR

1.85

1.54

1.96

 

 

 

 

AVERAGE DEBT SERVICE COVERAGE RATIO

1.98

 

------------------------------------------------------------------------------------------------------------------------------

 

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

 

 (INR IN MILLION)

 

Particulars

 

OPERATING YEARS

 

31.03.2018

[Provisional]

31.03.2019

[Projected]

31.03.2020

[Projected]

Gross Revenue

 

 

 

i) By gross contact receipts

315.447

400.000

500.000

ii) Duty drawback

0.000

0.000

0.000

Total

315.447

400.000

500.000

 

 

 

 

Less: Exist duty

--

--

--

 

 

 

 

Less: Other items

0.000

0.000

0.000

 

 

 

 

Net Revenue

315.447

400.000

500.000

 

 

 

 

% age rise/fall in net revenue as compared to prev. year

103.35%

26.80%

25.00%

 

 

 

 

Add: Other revenue income

1.164

0.700

0.850

 

 

 

 

Total Revenue including Rev. Income

316.611

400.700

50.850

 

 

 

 

Cost of services

 

 

 

i) Raw-materials Purchase

 

 

 

    (a) Imported

0.000

0.000

0.000

    (b) Indigenous

0.000

0.000

0.000

 

 

 

 

ii) Other Spaces

 

 

 

    (a) Imported

0.000

0.000

0.000

    (b) Indigenous

0.182

0.600

0.800

 

 

 

 

III) Rent, electricity and other direct expenses

0.514

1.260

1.500

 

 

 

 

iv) Wages and salary

285.642

360.175

455.125

 

 

 

 

v) Depreciation

0.767

0.708

0.659

 

 

 

 

vi) Sub-Total

287.105

362.733

58.084

 

 

 

 

vii) Add: Op. work in process/consumable and spares

0.000

0.000

0.000

 

 

 

 

Sub-Total

287.105

362.733

58.084

 

 

 

 

Viii) Deduct: Cl. work in process/consumable and spares

0.000

0.000

0.000

 

 

 

 

Cost of production

287.105

362.733

58.084

 

 

 

 

Add: Op. Stock of finished goods

0.000

0.000

0.000

 

 

 

 

Sub-Total

287.105

362.733

58.084

 

 

 

 

Deduct: Cl. Stock of finished goods

0.000

0.000

0.000

 

 

 

 

Sub- Total (Cost of Services)

287.105

362.733

58.084

 

 

 

 

Selling general and administrative expenses and other expenses 

4.764

5.500

6.000

 

 

 

 

Sub-Total

291.869

368.233

464.084

 

 

 

 

Op. profit before interest  [Including depreciation]

24.742

32.467

36.766

 

 

 

 

Operating profit before interest

24.742

32.467

36.766

 

 

 

 

Interest-Cast Credit

2.787

5.000

5.000

 

 

 

 

Interest-term loan from bank

0.205

0.210

0.171

 

 

 

 

Interest-term loan from other bank/FI

3.171

3.560

1.738

 

 

 

 

Other interest

0.022

0.000

0.000

 

 

 

 

Net interest

6.185

8.770

6.909

 

 

 

 

Operating profit after interest

18.557

23.697

29.857

 

 

 

 

Add other non-operating income

0.000

0.000

0.000

 

 

 

 

Deduct other non-operating expenses

0.000

0.000

0.000

 

 

 

 

Profit Before Tax/Loss

18.557

23.697

29.857

 

 

 

 

Precision for taxes

5.880

6.959

8.807

 

 

 

 

Net Profit/Loss

12.677

16.738

21.050

 

 

 

 

Retained Profit

--

--

--

 

 

 

 

Retained profit/ net profit (% age)

100%

100%

100%

 

------------------------------------------------------------------------------------------------------------------------------

 

ANALYSIS OF BALANCE SHEET

 

(INR IN MILLION)

 

Particulars

 

OPERATING YEARS

 

31.03.2018

[Provisional]

31.03.2019

[Projected]

31.03.2020

[Projected]

CURRENT LIABILITIES

 

 

 

(i)  From applicant bank

23.568

45.000

45.000

 

 

 

 

(ii) From other banks

--

--

--

 

 

 

 

Sub-Total

23.568

45.000

45.000

 

 

 

 

Sundry creditors trade

--

--

--

 

 

 

 

Sundry creditors expenses

16.572

6.900

7.900

 

 

 

 

Advance from customers

--

--

--

 

 

 

 

Provision for taxation

5.880

6.959

8.807

 

 

 

 

Dividend payable

--

--

--

 

 

 

 

Other Sl. Payable in 1 year

15.332

5.500

6.500

 

 

 

 

Term loan inst, 1 year - BOI

0.393

0.435

0.478

 

 

 

 

Term loan inst, 1 year - other bank / F1

9.618

9.702

3.874

 

 

 

 

Other cur. liability

--

--

--

 

 

 

 

O/s expenses

0.000

0.000

0.000

 

 

 

 

Total Current liabilities

47.795

29.496

27.559

 

 

 

 

Total Cl + BB

71.363

74.496

72.559

 

 

 

 

Term Liabilities

 

 

 

Term loan from bank

3.761

3.326

2.848

 

 

 

 

Term loan from other bank / FI

14.744

5.042

1.168

 

 

 

 

Other term loans

--

--

--

 

 

 

 

Unsecured loan

0.000

0.000

0.000

 

 

 

 

Total Term Liabilities

18.505

8.368

4.016

 

 

 

 

Total Our side Liabilities

89.868

82.864

76.575

 

 

 

 

NET WORTH

 

 

 

Operating capital

23.571

23.571

38.768

 

 

 

 

Addition of capital

0.000

0.000

0.000

 

 

 

 

Add: Profit from PL account

18.557

23.697

29.857

 

 

 

 

Less: Drawings

7.438

8.000

9.500

 

 

 

 

Closing capital

23.571

39.268

59.125

 

 

 

 

DTL

0.000

0.000

0.000

 

 

 

 

Total Net Worth

23.571

39.268

59.125

 

 

 

 

Total Liabilities

113.439

122.132

135.700

 

 

 

 

Current Assets

 

 

 

Cash and bank balance

1.651

1.480

1.807

 

 

 

 

Investment (Non CA)

0.000

0.000

0.000

 

 

 

 

Receivables

83.835

91.000

102.000

 

 

 

 

Inventory

0.000

0.000

0.000

 

 

 

 

Raw materials

0.000

0.000

0.000

 

 

 

 

a) Indigenous

0.000

0.000

0.000

 

 

 

 

b) Imported

0.000

0.000

0.000

 

 

 

 

Work in process

0.000

0.000

0.000

 

 

 

 

Finished goods

0.000

0.000

0.000

 

 

 

 

Spare parts

0.000

0.000

0.000

 

 

 

 

Advances to suppliers

0.000

0.000

0.000

 

 

 

 

Advance payment of tax

5.155

7.000

8.800

 

 

 

 

Other current assets

6.888

6.750

7.000

 

 

 

 

Total current assets

97.529

106.230

119.607

 

 

 

 

FIXED ASSETS

 

 

 

Gross block

10.885

10.118

9.410

Depreciation

0.767

0.708

0.659

 

 

 

 

Net block

10.118

9.410

8.751

 

 

 

 

Non-Current Assets

 

 

 

Investments in subsidiary

--

--

--

 

 

 

 

Deposit with land lord

--

--

--

 

 

 

 

Adv. for capital goods

--

--

--

 

 

 

 

Others

5.792

6.492

7.342

 

 

 

 

Total Non-Current Assets

5.792

6.492

7.342

 

 

 

 

Intangible assets

--

--

--

 

 

 

 

Preliminary expenses

--

--

--

 

 

 

 

Others

--

--

--

 

 

 

 

Total intangible assets

0.000

0.000

0.000

 

 

 

 

Total Assets

113.439

122.132

135.700

 

 

 

 

Total Liabilities

113.439

122.132

135.700

 

 

 

 

Check difference

0.000

0.000

0.000

 

 

 

 

Tangible net worth

23.571

39.268

59.125

 

 

 

 

Net working capital

26.166

31.734

47.048

 

 

 

 

Current Ratio

1.37

1.43

1.65

 

 

 

 

TOL/TNW

3.81

2.11

1.30

 

 

 

 

TOL/TNW - Revaluation

3.81

2.11

1.30

 

 

 

 

TOL/TNW-Quasi

3.81

2.11

1.30

 

 

 

 

TOL/TNW adj.

3.81

2.11

1.30

 

 

 

 

Term debt equity ratio

0.79

0.21

0.07

 

------------------------------------------------------------------------------------------------------------------------------

 

FINANCIAL INDICATORS

 

(INR IN MILLION)

 

Particulars

 

OPERATING YEARS

 

31.03.2018

[Provisional]

31.03.2019

[Projected]

31.03.2020

[Projected]

Paid up capital

12.452

23.571

38.768

 

 

 

 

Net worth

23.571

39.268

59.125

 

 

 

 

TNW treating unsecured

23.571

39.268

59.125

 

 

 

 

Long term secured loans

18.505

8.368

4.016

 

 

 

 

Long term unsecured loans

0.000

0.00

0.000

 

 

 

 

Of which from promoters

0.000

0.000

0.000

 

 

 

 

Net fixed assets

10.118

9.410

8.751

 

 

 

 

Non-current assets

5.792

6.492

7.342

 

 

 

 

Inventories

0.000

0.000

0.000

 

 

 

 

Receivables

83.835

91.000

102.00

 

 

 

 

Other current assets

13.694

15.230

17.607

 

 

 

 

Total current assets

97.529

106.230

119.607

 

 

 

 

Other current liabilities

47.795

29.496

27.559

 

 

 

 

Excluding BB and TL payable within 1 year

--

--

--

 

 

 

 

Bank borrowings

23.568

45.000

45.000

 

 

 

 

Total current liabilities

71.363

74.496

72.559

 

 

 

 

Net working capital

26.166

31.734

47.048

 

 

 

 

Current ratio 

1.37

1.43

1.65

 

 

 

 

Debt equity ratio

--

--

--

 

 

 

 

Considering all out side Liabilities TOL/TNW

3.81

211

1.30

 

 

 

 

TOL/adj. TNW

3.91

2.11

1.30

 

 

 

 

TOL/TNW + quasi equity

3.81

2.11

1.30

 

 

 

 

Net sales

315.447

400.000

500.000

 

 

 

 

Operating profit

18.557

23.697

29.857

 

 

 

 

Other income

1.164

0.700

0.850

 

 

 

 

Profit before depreciation, Interest and tax

25.509

33.175

37.425

 

 

 

 

Depreciation

0.767

0.708

0.659

 

 

 

 

Interest

6.185

8.770

6.909

 

 

 

 

Tax

5.880

6.959

8.807

 

 

 

 

Profit after tax  (PAT)

12.677

16.738

21.050

 

 

 

 

Cash accruals

13.444

17.446

21.709

 

 

 

 

% increase in net sales

1.03

0.27

0.25

 

 

 

 

% Op. profit/ net sales

0.06

0.06

0.06

 

 

 

 

%PBDIT/ net sales

0.08

0.08

0.07

 

 

 

 

% PAT/ net sales

0.04

0.04

0.04

 

 

 

 

% Interest/ net sales

0.02

0.02

0.01

 

 

 

 

Return on capital employed

0.29

0.28

0.26

 

 

 

 

Interest cover times

4.12

3.78

5.42

 

------------------------------------------------------------------------------------------------------------------------------

 

PROFITABILITY PROJECTIONS

 

(INR IN MILLION)

 

Particulars

 

OPERATING YEARS

 

31.03.2018

[Provisional]

31.03.2019

[Projected]

31.03.2020

[Projected]

Gross receipt

315.447

400.000

500.000

 

 

 

 

Other income

1.164

0.700

0.850

 

 

 

 

Total revenue

316.611

400.700

500.850

 

 

 

 

Raw material

0.000

0.000

0.000

 

 

 

 

Consumable stores/spares consumption

0.182

0.600

0.800

 

 

 

 

Salary and wages

285.642

362.000

455.500

 

 

 

 

Rent and electricity 

0.514

1.250

1.500

 

 

 

 

Other expenses

0.000

0.000

--

 

 

 

 

Cost of services

287.105

362.733

458.084

 

 

 

 

Amortization

0.000

0.000

0.000

 

 

 

 

PBDIT

25.509

33.175

37.425

 

 

 

 

Depreciation

0.767

0.708

0.659

 

 

 

 

Interest

6.185

8.770

6.909

 

 

 

 

Profit before tax

18.557

23.697

29.87

 

 

 

 

Provision for tax

5.880

6.959

8.807

 

 

 

 

Profit after tax

12.677

16.738

21.050

 

 

 

 

PBDIT margin %

0.08

0.08

0.07

 

 

 

 

PAT/ Sales%

0.04

0.04

0.04

 

------------------------------------------------------------------------------------------------------------------------------

 

NETWORTH STATEMENT

 

MR. SATYASHIV SINGH [PROPRIETOR]

 

TOTAL NET WORTH = INR 12.452 MILLION

 

------------------------------------------------------------------------------------------------------------------------------

 

COMPANY PROFILE

 

The company is Jamshedpur based ISO 9001 certified manpower supply organization established in the year 2006 to provide quality personnel to all fields of expertise.

 

Providing complete recruitment solutions, sourcing and supplying. Outsourcing quality staff throughout across the country.

 

They provide highly qualified professionals and skilled labours to support with the best top, middle and lower level workforce in a short, medium and long term basis. They are the licensed agency to provide manpower in their payroll to reduce the worries of customers about compensation, insurance, labour law and accommodation of their employees. They have gained the reputation of being a reliable, fair-minded and straightforward legal manpower supplier.

 

They provide exclusive and qualified workforce for all sectors like, oil and gas. Mechanical construction, civil construction, electrical, marine and ship, hospitality, manufacturing, power and desalination plant, information technology, logistics, real estate, general trading and banking.

 

They among the best manpower suppliers in east India and other parts of India providing total manpower solutions to their client including fortune 500 companies.

 

They are dealing in following:

 

Manpower Supply:

 

·         Skilled: Experience operators for all machines

·         Semi skilled: Fresh ITI and experience helper

·         Unskilled: Loading, unloading, shifting, packing, etc.

 

Industrial House Keeping

 

Manpower to industries

With machines manpower to industries

 

Contract Labour

 

They also take over the entire manpower or contract labour  

 

 

THEIR SERVICES

 

Payroll management, compliance management, 3pl, etc.

 

Manpower Supply

 

Manpower supply is the main part of the reliable labour organization; the team is highly characterized professional. Reliable labour organization is one of the finest companies in the filed of man power supply in eastern part of India.

 

Reliable labour organization established since 2006 in Jamshedpur and now it is working all over the India. Every big and small company required skilled or unskilled labour in all those case reliable labour organization is there to help them out.

 

Industrial Housekeeping Services

 

Reliable labour organization also serve the industry housekeeping services to the client companies or the contractors. Moreover, the housekeepers are well trained and professional in their work, they know how to hold the different electronic appliances or sensitive products.

 

Contract Labour

 

Contract labour it means someone who sings a deal with the for providing any type of specified labour work. It is very crucial for the starting, continual and till the end of a successful project. It can be any of the projects that requires good amount of labour.

 

Skilled Semi Skilled and Unskilled Labour

 

Skill is an evolution of a person’s proficiency, wages and the specialization in a filed. Skilled employees usually get higher salaries and rank because they are more trained and responsible as compare to unskilled workers in the company, worker who are carpenter, fitter, welder, bankers, coopers, etc. comes in skilled labour category.

 

------------------------------------------------------------------------------------------------------------------------------

 

VALUATION REPORT

 

(GENERAL DETAILS)

 

Name of the Owner

Mr. Satya Shiv Singh  and Mrs. Ranjana Singh 

 

 

Property Address: (Legal)

Old Plot No. 1517 and 1522, New Plot No. 1646 and 1645, Old Khata No. 252 and 108, New Khata No. 161 and 109, Mouza-Dindli, Old Ward No. 5, New Ward No.15, A N A C, P. S. Aapur, Thane No. 128, District Sub-Registry Office-Seraikekka, District-Seraikella-Kharsawan, State- Jharkhand, India

 

 

Property Address: (Postal)

Flat No. 2/2, 2nd Floor, A-Block Sky Residency, Adityaapur, Jai Prakash Nagar, Jamshedpur - 831013, Jharkhand, India

 

Fair Market Value of the property

INR 6.021 Million

 

 

Realizable Value of the property

INR 5.418 Million

 

 

Distress Sale Value of the property

INR 5.117 Million

 

 

Govt. Value of the property

INR 3.313 Million

 

------------------------------------------------------------------------------------------------------------------------------

 

VALUATION REPORT

 

(GENERAL DETAILS)

 

Name of the Owner

MR. SATYA SHIV SINGH

 

 

Property Address: (Legal)

Society Plot No. A-15, Plot No. 61/A, Khata No. 56, Mouza-Bara Gamharia, Old Ward no.12, New Ward No. 6, A N A C, P. S. Aapur, Thane No. 66, District Sub-Registry Office-Seraikekka, District-Seraikella-Kharsawan, State- Jharkhand, India

 

 

Property Address: (Postal)

Society Plot No. A-51, Plot No. 61/A, Bara Gamharia, Adityapur, District Seraikella-Kharsawan, Jamshedpur - 832108, Jharkhand, India

 

Fair Market Value of the property

INR 1.500 Million

 

 

Realizable Value of the property

INR 1.350 Million

 

 

Distress Sale Value of the property

INR 1.275 Million

 

------------------------------------------------------------------------------------------------------------------------------

 

FIXED ASSETS       

 

·         Furniture’s and Fixtures

·         Computer and Printers  

·         Flat at Adityapur

·         Land at Adityapur

·         Land at Gamharia

·         Motor Cycle

·         Car

·         Camera

·         Tools and Tackels

·         Mobile Phone

·         Air Conditioner

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 67.53

UK Pound

1

INR 91.49

Euro

1

INR 80.53

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHK

 

 

Analysis Done by :

NIS

 

 

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

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.