|
|
|
MIRA INFORM REPORT
|
Report No. : |
510267 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALISHAN MARINE LOGISTICS |
|
|
|
|
Registered
Office : |
3-18A-13A, Ayodhya Nagar, Kakinada, East Godavari - 533003, Andhra
Pradesh |
|
Mobile No.: |
91-9348698487 [Mr. Sheik Ahmed Alisha] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
Not Available |
|
|
|
|
Date of
Establishment : |
18.04.2018 |
|
|
|
|
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] |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
37ABLFA6580H1Z3 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABLFA6580H |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Providing Marine Logistics Services such as Flat Top Barges on Hire
Basis. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
02 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Alishan Marine Logistics is a partnership concern established on 18th
April 2018. It will start its business activity from June 2018. the concern is engaged in providing marine logistics services such as
flat top barges on hire basis. Mr. U Sri Vidya (Finance Department) has provided the information. No payment terms are known. In the view of subject’s infancy, dealings are recommended to be on
secured terms and a close monitoring of subject’s business development is
advisable. NOTE: Site 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 24.05.2018
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. U Sri Vidya |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9908289584 |
|
Date : |
20.05.2018 |
LOCATIONS
|
Registered Office : |
3-18A-13A, Ayodhya Nagar, Kakinada, East Godavari - 533003, Andhra
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9348698487 [Mr. Sheik Ahmed Alisha] 91-9908289584 [Mr. U Sri Vidya] |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Ahmed Alisha Sheik |
|
Designation : |
Partner |
|
Address : |
3-17C-56, Sri Sai 40, Building, Godarigunta, Opposite Lakshmi
Hospital, Kakinada, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.06.1973 |
|
Qualification : |
Graduate |
|
Experience : |
20 Years |
|
PAN No.: |
AZNPS1664G |
|
|
Mr. Ahmed Alisha Sheik, Partner of the Firm, a commerce graduate owns the credit of being a successful young entrepreneur (at an age of 30 years) in the line of providing shipping and incidental support services to oil & Gas Exploration companies' off the Indian coast. He commenced his business with a small barge and has grown by leaps and bounds in the local shipping industry paving the way for rendering reliable and quality offshore & onshore support services mainly to oil & Gas exploration companies' He is known for his successful track record in serving various clients viz. Transocean' schlum berger' OOO SCF GEO' Japan Drilling Company, ABAN off shore, GAC, ln chcape Shipping services, Arya off shore services etc. in the past. His success can be purely attributed to his industrious' proactive and dedicated working style. His insight fullness in understanding the client's requirements and immediate attention to those requirements with utmost quality and standards has been the key in all his achievements. His varied experience and multi-faceted expertise in the field serves as the Firms invaluable intangible asset. Mrs. Haseena Begum Sheik wife of Mr. Ahmed Alisha Sheik a graduate, attends and engages in the administrative activities of the Firm. |
|
|
|
|
Name : |
Mrs. Haseena Begum Sheik |
|
Designation : |
Partner |
|
Address : |
3-17C-56, Sri Sai 40, Building, Godarigunta, Opposite Lakshmi
Hospital, Kakinada, Andhra Pradesh, India |
|
Date of Birth/Age : |
03.03.1983 |
|
Qualification : |
Graduate |
|
Experience : |
5 Years |
|
PAN No.: |
BVOPS3059R |
|
Adhaar No.: |
2068 1779 3614 |
KEY EXECUTIVES
|
Name : |
Mr. U Sri Vidya |
|
Designation : |
Finance Department |
BUSINESS DETAILS
|
Line of Business : |
Providing Marine Logistics Services such as Flat Top Barges on Hire
Basis. [Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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|
Terms : |
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|
Selling : |
NEFT and Cheque |
|
|
|
|
Purchasing : |
NEFT and Cheque |
GENERAL INFORMATION
|
Suppliers : |
· Aeliya Marine Tech India Private Limited · Om Sai Marine |
||||||||||||||||||||||
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Customers : |
End Users
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No. of Employees : |
02 [Approximately] |
||||||||||||||||||||||
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kvraseshagiri Rao Chartered Accountant |
|
Address : |
D. No. 11-1-21, Prakash Street, Ramaraopeta, Kakinada, Andhra Pradesh,
India |
|
Mob. No.: |
91-9989802431 |
|
Membership No.: |
026120 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Sister Concern : |
·
San Marine
Address: Dolphine
Colony, 16-33-49/8, Road, No. 1, Samb Amruthy Nagar, Kakinada, Andhra
Pradesh, India Line of
Business: Marine offshore Logistics Services |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(INR
IN MILLION)
|
Particulars |
Total |
Margin |
Term Loans |
|
Cost of the project |
-- |
25% |
75% |
|
|
|
|
|
|
Barges |
|
|
|
|
Flat top dumb barges (30 m x 15 m) - 1 No. |
15.906 |
3.976 |
11.930 |
|
|
|
|
|
|
Crane barge (40 m x 15 m) - 1 No. |
23.506 |
5.876 |
17.630 |
|
|
|
|
|
|
Contingencies @ 3% |
1.182 |
0.742 |
0.440 |
|
|
|
|
|
|
Interest during construction period |
1.306 |
1.306 |
0.000 |
|
|
|
|
|
|
Margin money for working capital |
4.500 |
4.500 |
0.000 |
|
|
|
|
|
|
Total |
46.400 |
16.400 |
30.000 |
------------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(INR
IN MILLION)
|
Particulars |
Total |
Margin |
|
Promoter’s margin |
16.400 |
35.34% |
|
|
|
|
|
Bank term loan |
30.000 |
64.66% |
|
|
|
|
|
Total |
46.400 |
|
------------------------------------------------------------------------------------------------------------------------------
BREAK EVEN ANALYSIS
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Gross Revenue |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
Less: Variable expenses |
|
|
|
|
|
|
Repair and
maintenance |
0.000 |
0.200 |
0.210 |
0.221 |
0.232 |
|
|
|
|
|
|
|
|
Contribution |
6.840 |
21.346 |
22.416 |
23.539 |
24.716 |
|
|
|
|
|
|
|
|
Les: Fixed expenses |
|
|
|
|
|
|
Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Insurance
charges |
0.088 |
0.205 |
0.186 |
0.159 |
0.135 |
|
|
|
|
|
|
|
|
Salaries and
wages |
0.050 |
0.158 |
0.166 |
0.174 |
0.183 |
|
|
|
|
|
|
|
|
Office and administration
expenses |
0.020 |
0.063 |
0.066 |
0.069 |
0.072 |
|
|
|
|
|
|
|
|
Interest on
term loan |
1.347 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Total Fixed Expenses |
3.579 |
9.153 |
7.491 |
5.869 |
4.308 |
|
|
|
|
|
|
|
|
Total cost |
3.579 |
9.353 |
7.701 |
6.090 |
4.540 |
|
|
|
|
|
|
|
|
Profit Before Tax |
3.261 |
12.193 |
14.925 |
17.670 |
20.408 |
|
|
|
|
|
|
|
|
Break Even
Point (in%) |
52.32% |
42.88% |
33.42% |
24.93% |
17.43% |
|
|
|
|
|
|
|
|
Cash Break
Even Point |
22.00% |
14.89% |
10.76% |
6.60% |
2.59% |
|
|
|
|
|
|
|
|
Capital Expenses |
(41.900 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cash Inflows: |
|
|
|
|
|
|
Profit after
tax |
2.152 |
8.047 |
9.850 |
11.662 |
13.469 |
|
|
|
|
|
|
|
|
Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Interest on
term loan |
1.347 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Residual
value of fixed assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total cash inflows |
5.573 |
16.774 |
16.923 |
17.129 |
17.387 |
|
|
|
|
|
|
|
|
Net cash flows |
(36.327) |
16.774 |
16.923 |
17.129 |
17.387 |
|
|
|
|
|
|
|
|
IRR (In %) |
30.77% |
||||
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE RATIO
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Net profit
after tax |
2.152 |
8.047 |
9.850 |
11.662 |
8.979 |
|
|
|
|
|
|
|
|
Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
2.446 |
|
|
|
|
|
|
|
|
Interest on
term loan |
2.653 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Total |
6.879 |
16.774 |
16.923 |
17.129 |
11.674 |
|
|
|
|
|
|
|
|
Interest on
term loan |
2.653 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Repayment of
term lone |
2.028 |
6.547 |
7.305 |
8.149 |
5.971 |
|
|
|
|
|
|
|
|
Total |
4.681 |
9.300 |
9.300 |
9.300 |
6.220 |
|
|
|
|
|
|
|
|
Debt service coverage ratio |
1.47 |
1.80 |
1.82 |
1.84 |
1.88 |
|
|
|
|
|
|
|
|
Average |
1.79 |
||||
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
LIABILITIES |
|
|
|
|
|
|
Promoters
capital |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
Bank term
loan |
21.425 |
14.120 |
5.971 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Duties and
taxes |
0.086 |
0.090 |
0.094 |
0.099 |
0.104 |
|
|
|
|
|
|
|
|
Current
maturities of long term debt |
6.547 |
7.305 |
8.149 |
5.971 |
0.000 |
|
|
|
|
|
|
|
|
Provision for
tax |
1.109 |
4.146 |
5.075 |
6.008 |
6.939 |
|
|
|
|
|
|
|
|
Total Liabilities |
47.719 |
52.260 |
5.738 |
60.189 |
68.623 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Fixed assets |
39.826 |
33.852 |
28.774 |
24.458 |
20.789 |
|
|
|
|
|
|
|
|
Capital work
in progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sundry
debtors |
3.420 |
3.591 |
3.771 |
3.960 |
4.158 |
|
|
|
|
|
|
|
|
TDS
receivable |
0.137 |
0.431 |
0.453 |
0.475 |
0.499 |
|
|
|
|
|
|
|
|
Prepaid
insurance |
0.122 |
0.116 |
0.099 |
0.084 |
0.071 |
|
|
|
|
|
|
|
|
Cash and bank
balance |
4.214 |
14.270 |
22.641 |
31.212 |
43.106 |
|
|
|
|
|
|
|
|
Total Assets |
47.719 |
52.260 |
55.738 |
60.189 |
68.623 |
|
|
|
|
|
|
|
|
Equity |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
Tangible
networth |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
Long term
liabilities |
21.425 |
14.120 |
5.971 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total outside
liabilities |
29.167 |
25.661 |
19.289 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
Debt/equity |
1.15 |
0.53 |
0.16 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
TOL/TNW |
1.57 |
0.96 |
0.53 |
0.25 |
0.11 |
|
|
|
|
|
|
|
|
Current
assets |
7.893 |
18.408 |
26.964 |
35.731 |
47.834 |
|
|
|
|
|
|
|
|
Current
liabilities |
7.742 |
11.541 |
13.318 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
Current
ratio |
1.02 |
1.60 |
2.02 |
2.96 |
6.79 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFIT AND LOSS ACCOUNT
(INR
IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Gross Hire
Charges |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
Total Revenue |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
Repairs and
maintenance |
0.000 |
0.000 |
0.210 |
0.221 |
0.232 |
|
|
|
|
|
|
|
|
Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Insurance
charges |
0.088 |
0.205 |
0.186 |
0.159 |
0.135 |
|
|
|
|
|
|
|
|
Salaries and
wages |
0.050 |
0.158 |
0.166 |
0.174 |
0.183 |
|
|
|
|
|
|
|
|
Office and
administration expenses |
0.020 |
0.063 |
0.066 |
0.069 |
0.072 |
|
|
|
|
|
|
|
|
Total Expenses |
2.232 |
6.600 |
5.706 |
4.939 |
4.291 |
|
|
|
|
|
|
|
|
Profit before
interest and tax |
4.608 |
14.946 |
16.920 |
18.821 |
20.657 |
|
|
|
|
|
|
|
|
interest on
term loan |
1.347 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Profit Before Tax |
3.261 |
12.193 |
14.925 |
17.670 |
20.408 |
|
|
|
|
|
|
|
|
Provision for
tax |
1.109 |
4.146 |
5.075 |
6.008 |
6.939 |
|
|
|
|
|
|
|
|
Net Profit After Tax |
2.152 |
8.047 |
9.850 |
11.662 |
13.469 |
|
|
|
|
|
|
|
|
PBIT% |
67.37 |
69.37 |
74.78 |
79.21 |
82.80 |
|
|
|
|
|
|
|
|
PBT% |
47.68 |
56.59 |
65.96 |
74.37 |
81.80 |
|
|
|
|
|
|
|
|
PAT% |
31.46 |
37.35 |
43.53 |
49.08 |
53.99 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Gross Sales |
|
|
|
|
|
|
a) Domestic
sale |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b) Export
sale |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
c) Hire
charges |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
Add other reverence
income |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
Less excise
duty |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net sales |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
|
|
|
|
|
|
|
% age rise (+) or
fall (-) in net sales as compared to previous year (annualized) |
0.00% |
215.00% |
5.01% |
5.01% |
5.00% |
|
|
|
|
|
|
|
|
COST OF SALES |
|
|
|
|
|
|
Repair and
maintenance |
0.000 |
0.200 |
0.210 |
0.221 |
0.232 |
|
|
|
|
|
|
|
|
Job work
charges |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Sub-Total |
2.074 |
6.174 |
5.288 |
4.537 |
-- |
|
|
|
|
|
|
|
|
Add: Opening Stock-in-process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-Total |
2.074 |
6.174 |
5.288 |
4.537 |
-- |
|
|
|
|
|
|
|
|
Deduct: Closing
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost of
Production |
2.074 |
6.174 |
5.288 |
4.537 |
-- |
|
|
|
|
|
|
|
|
Add: Opening
Stock of finished goods |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-Total |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Deduct: Closing
Stock of finished goods |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-Total (Total cost of sales) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Cost Profit |
4.766 |
15.372 |
17.38 |
19.223 |
24.948 |
|
|
|
|
|
|
|
|
Other selling,
general and administrative expenses |
0.158 |
0.426 |
0.418 |
0.402 |
0.390 |
|
|
|
|
|
|
|
|
Sub-Total |
0.158 |
0.426 |
0.418 |
0.402 |
0.390 |
|
|
|
|
|
|
|
|
Operating Profit before interest |
4.608 |
14.946 |
16.920 |
18.821 |
24.558 |
|
|
|
|
|
|
|
|
Interest on term
loan |
1.347 |
2.753 |
1.995 |
1.151 |
0.249 |
|
|
|
|
|
|
|
|
Operating Profit after interest |
3.261 |
12.193 |
14.925 |
17.670 |
24.309 |
|
|
|
|
|
|
|
|
Profit before
tax/loss |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Provision for
taxes |
1.109 |
4.146 |
5.075 |
6.008 |
6.939 |
|
|
|
|
|
|
|
|
Provision for
deferred tax |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net Profit/Loss |
3.261 |
12.193 |
14.925 |
17.670 |
20.408 |
|
|
|
|
|
|
|
|
Retained profit |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Retained profit/ net profit (%) |
21.52 |
80.47 |
98.50 |
116.62 |
134.69 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Short-term
borrowing from banks (including bills purchased, discounted & excess borrowing
placed on repayment basis) |
|
|
|
|
|
|
i) From Applicant
Bank (CC/PC) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii) From other
bank |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii) (of which BP
& BD) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sub-total |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sundry creditors
- capital goods and spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Sundry Creditors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advance payments from
customers/deposits from dealers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Provision for
taxation |
1.109 |
4.146 |
5.075 |
6.008 |
6.939 |
|
|
|
|
|
|
|
|
Dividend Payable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other statutory liabilities
(due within 1 year) |
0.086 |
0.090 |
0.094 |
0.099 |
0.104 |
|
|
|
|
|
|
|
|
Deposits/instalments
of term loans/debenture, etc. (due within 1 year) |
6.547 |
7.305 |
8.149 |
5.971 |
-- |
|
|
|
|
|
|
|
|
Other current
liabilities & provisions (due within 1 year) - specify major items |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Creditors for
expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Other Liabilities |
7.742 |
11.541 |
13.318 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
Total Current Liabilities |
7.742 |
11.541 |
13.318 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
Debentures (not
maturing within 1 year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Preference shares
(redeemable after 1 year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Term loans (excl,
instilments payable within 1 year) |
21.425 |
14.120 |
5.971 |
-- |
-- |
|
|
|
|
|
|
|
|
Deferred payment
credit (excluding instt. Due within 1 year |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Term deposits
(repayable after 1 year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other term
liabilities (unsecured loans) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Term Liabilities |
21.425 |
14.120 |
5.971 |
-- |
-- |
|
|
|
|
|
|
|
|
Total Outside Liabilities |
29.167 |
25.661 |
19.289 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
Capital |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
General reserve |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Reserve for
deferred tax liability |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other reserves
(excluding provisions) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Surplus or
deficit in P&L account |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other share
premium |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Deferred tax |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
NET WORTH |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
47.719 |
52.260 |
55.738 |
60.189 |
68.623 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Cash and Bank
Balances |
4.214 |
14.270 |
22.641 |
31.212 |
43.106 |
|
|
|
|
|
|
|
|
Investments
(other than long term) |
|
|
|
|
|
|
I. Govt. and
other trustee securities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii. Fixed
Deposits with banks |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
I. Receivables
other than deferred & exports (incldg. bills purchased and discounted by
banks) |
3.420 |
3.591 |
3.771 |
3.960 |
4.158 |
|
|
|
|
|
|
|
|
ii. Export
receivables (incldg. bills purchased and discounted by banks) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Instalments of
deferred receivables(due within1year) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Inventory : |
|
|
|
|
|
|
Advance payment
of taxes |
0.137 |
0.431 |
0.453 |
0.475 |
0.499 |
|
|
|
|
|
|
|
|
Other current
assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Others |
0.122 |
0.116 |
0.099 |
0.084 |
0.071 |
|
|
|
|
|
|
|
|
Total current assets |
7.893 |
18.408 |
26.964 |
35.731 |
47.834 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
Gross block
(land, building, machinery, work-in-progress) |
41.900 |
39.826 |
33.852 |
28.774 |
24.458 |
|
|
|
|
|
|
|
|
Depreciation to
date |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Net Block |
39.826 |
33.852 |
28.774 |
24.458 |
20.789 |
|
|
|
|
|
|
|
|
Investments/ book debts/ advances/ deposits which are not current
assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
I. a. Investments
in subsidiary companies/ affiliates (secured) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b. Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
ii. Advances to suppliers
of capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iii. Deferred
receivables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
iv. Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Non-consumable stores and spares |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total other
non-current assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Intangible asset
(goodwill, prelim exp. Bad/doubtful exp. Not provided for, etc.) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Assets |
47.719 |
52.260 |
55.738 |
60.189 |
68.623 |
|
|
|
|
|
|
|
|
Tangible Net Worth |
18.552 |
26.599 |
36.449 |
48.111 |
61.580 |
|
|
|
|
|
|
|
|
Net Working Capital |
0.151 |
6.867 |
13.646 |
23.653 |
40.791 |
|
|
|
|
|
|
|
|
Current Ratio |
1.02 |
1.60 |
2.02 |
2.96 |
6.79 |
|
|
|
|
|
|
|
|
Total Outside Liabilities/Tangible
Networth |
1.57 |
0.96 |
0.53 |
0.25 |
0.11 |
|
|
|
|
|
|
|
|
Total Term Liabilities/Tangible Networth |
1.15 |
0.053 |
0.16 |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
|
|
|
|
|
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
SOURCES |
|
|
|
|
|
|
a. Net Profit |
2.152 |
8.047 |
9.850 |
11.662 |
13.469 |
|
|
|
|
|
|
|
|
b. Depreciation |
2.074 |
5.974 |
5.078 |
4.316 |
3.669 |
|
|
|
|
|
|
|
|
Other non-cash
expenses |
1.060 |
3.920 |
4.808 |
5.692 |
6.575 |
|
|
|
|
|
|
|
|
c. Increase in Capital |
16.400 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
d. Increase in Term Liabilities (including Public Deposits) |
30.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
e. Decrease in |
|
|
|
|
|
|
I. Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Ii Other non-current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
f. Others (increase in duties and taxes) |
0.086 |
0.004 |
0.004 |
0.005 |
0.005 |
|
|
|
|
|
|
|
|
g. TOTAL |
51.772 |
17.945 |
19.740 |
21.675 |
23.718 |
|
|
|
|
|
|
|
|
USES |
|
|
|
|
|
|
a. Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
b. Decrease in Term Liabilities (including Public Deposits) |
2.028 |
6.547 |
7.305 |
8.149 |
5.971 |
|
|
|
|
|
|
|
|
c. Increase in |
|
|
|
|
|
|
I. Fixed Assets |
41.900 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
II. Depreciation
adjustment |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
III. Other
non-current Assets |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
d. Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
e. Others (Income tax and insurance
payment/increase in receivables) |
3.630 |
1.342 |
4.064 |
4.955 |
5.853 |
|
|
|
|
|
|
|
|
f. TOTAL |
47.558 |
7.889 |
11.369 |
13.104 |
11.824 |
|
|
|
|
|
|
|
|
Long Term Surplus
(+) / Deficit (-) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase/decrease
in current assets |
7.893 |
10.515 |
8.556 |
8.767 |
12.103 |
|
* (as per details
given below) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase/decrease
in current liabilities other than bank borrowings |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase/decrease
in working capital gap |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net
surplus/Deficit (-) [3-6] |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase/decrease
in bank borrowings |
0.151 |
6.716 |
6.779 |
10.007 |
17.138 |
|
|
|
|
|
|
|
|
Increase/decrease
in Net Sales |
8.044 |
17.231 |
15.335 |
18.774 |
29.241 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
|
|
|
|
|
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Cash inflows |
|
|
|
|
|
|
Net profit after tax |
2.152 |
8.047 |
9.850 |
11.620 |
13.469 |
|
|
|
|
|
|
|
|
Add: depreciation |
2.074 |
5.974 |
5.078 |
44.316 |
3.669 |
|
|
|
|
|
|
|
|
Add: Provision for tax |
1.109 |
4.146 |
5.075 |
6.008 |
6.939 |
|
|
|
|
|
|
|
|
Less: TDS |
(0.137) |
(0.431) |
(0.453) |
(0.475 |
(0.499) |
|
|
|
|
|
|
|
|
Add: Insurance |
0.088 |
0.205 |
0.186 |
0.159 |
0.135 |
|
|
|
|
|
|
|
|
Total |
5.286 |
17.941 |
19.736 |
21.670 |
23.713 |
|
|
|
|
|
|
|
|
Capital Investment |
16.400 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Bank term loan |
30.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Increase in duties and taxes |
0.086 |
0.004 |
0.004 |
0.005 |
0.005 |
|
|
|
|
|
|
|
|
Increase in creditors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
51.772 |
17.945 |
19.740 |
21.675 |
23.718 |
|
|
|
|
|
|
|
|
Cash Outflows |
|
|
|
|
|
|
Promoter’s drawings |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Fixed assets |
41.900 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Capital work in progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Loan repayment |
2.028 |
6.547 |
7.305 |
8.149 |
5.971 |
|
|
|
|
|
|
|
|
Income tax payment/ (Refund) |
0.000 |
0.972 |
3.715 |
4.622 |
5.533 |
|
|
|
|
|
|
|
|
Increase in receivables |
3.420 |
0.171 |
0.180 |
0.189 |
0.198 |
|
|
|
|
|
|
|
|
Insurance |
0.210 |
0.199 |
0.169 |
0.144 |
0.122 |
|
|
|
|
|
|
|
|
Total |
47.558 |
7.889 |
11.369 |
13.104 |
11.824 |
|
|
|
|
|
|
|
|
Openings balance of
cash |
0.000 |
4.214 |
14.270 |
22.641 |
31.212 |
|
|
|
|
|
|
|
|
Net cash flows for
the year |
4.214 |
10.056 |
8.371 |
8.571 |
11.894 |
|
|
|
|
|
|
|
|
Closing balance of
cash |
4.214 |
14.270 |
22.641 |
331.212 |
43.106 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS
AND
CURRENT LIABILITIES
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
|
|
|
|
|
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
CURRENT ASSETS |
|
|
|
|
|
|
Raw materials (including
stores and other items used in the process of manufacture) |
|
|
|
|
|
|
a. Imported |
-- |
-- |
-- |
-- |
-- |
|
Month's
Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b. Indigenous |
-- |
-- |
-- |
-- |
-- |
|
Month's
Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Consumable
spares, excluding those included in 1 above |
|
|
|
|
|
|
a. Imported |
-- |
-- |
-- |
-- |
-- |
|
Month's
Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
b. Indigenous |
-- |
-- |
-- |
-- |
-- |
|
Month's
Consumption |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
|
Month's cost of
production |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Finished goods |
-- |
-- |
-- |
-- |
-- |
|
Month's cost of
sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Receivables other
than export & deferred Receivables (incl. bills purchased &
discounted by bank) |
3.420 |
3.591 |
3.771 |
3.960 |
4.158 |
|
Month's domestic
sales: excluding deferred payment
sales. |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Export
receivables (including bills purchased and discounted) |
-- |
-- |
-- |
-- |
-- |
|
Month's export
sales |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances to suppliers
of raw materials & stores/ spares, consumables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other current
assets including cash & bank balances & deferred receivables due
within one year |
4.473 |
14.817 |
23.193 |
31.771 |
43.676 |
|
Cash and Bank
Balances |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Investments
except than long term investment of def. receivables |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total Current Assets |
7.893 |
18.408 |
26.964 |
35.731 |
47.834 |
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
Creditors for
purchase of raw materials, stores and consumable spares |
-- |
-- |
-- |
-- |
-- |
|
Month's Purchases |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances from
customers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Statutory
liabilities |
1.195 |
4.236 |
5.169 |
6.107 |
7.043 |
|
|
|
|
|
|
|
|
Other current
liabilities : |
|
|
|
|
|
|
Instalments of
TL, DPS and public deposits |
6.547 |
7.305 |
8.149 |
5.971 |
-- |
|
|
|
|
|
|
|
|
TOTAL |
7.742 |
11.541 |
13.318 |
12.078 |
7.043 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(INR IN MILLION)
|
Particulars |
OPERATING YEARS |
||||
|
|
|
|
|
|
|
|
|
31.03.2019 [Projected] |
31.03.2020 [Projected] |
31.03.2021 [Projected] |
31.03.2022 [Projected] |
31.03.2023 [Projected] |
|
Total Current Assets |
7.893 |
18.408 |
26.964 |
35.731 |
47.834 |
|
|
|
|
|
|
|
|
Other Current Liabilities |
7.742 |
11.541 |
13.318 |
12.078 |
7.043 |
|
|
|
|
|
|
|
|
Working Capital Gap |
0.151 |
6.867 |
13.646 |
23.653 |
40.791 |
|
|
|
|
|
|
|
|
net working
capital (Actual/Projected) |
0.151 |
6.867 |
13.646 |
23.653 |
40.791 |
|
|
|
|
|
|
|
|
Assessed Bank Finance |
|
|
|
|
|
|
NWC/TCA (%) |
2% |
37% |
51% |
66% |
85% |
|
|
|
|
|
|
|
|
OCL/TCA (%) |
98% |
63% |
49% |
34% |
15% |
|
|
|
|
|
|
|
|
S Creditors/TCA
(%) |
0% |
0% |
0% |
0% |
0% |
|
|
|
|
|
|
|
|
ABF/TCA (%) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Inventory/ N
sales (Days) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Receivables/G.
sales (Days) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
S Creditors/Purchase (Days) |
-- |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. HASEENA BEGUM SHEIK
(INR IN MILLION)
|
Particulars |
03.05.2018 |
|
|
Immovable
properties |
|
|
|
Residential building at D. No. 3-18A-13A, Ayodhya Nagar, Kakinada, East Godavari District (Estimated Value) |
0.691 |
2.500 |
|
|
|
|
|
Semi-finished residential building with ground floor at T S No. 129 & 130 Pallamraju Nagar, East Godavari District (as per regd. Valuer’s valuation report) |
1.946 |
5.360 |
|
|
|
|
|
666-66 Sq. Yrds of vacant site at S No. 127/4, Plot No. 94, Sundar Siva Colony, Jeyendra Nagar, Kakinada East Godavari District (Estimated Value) |
7.067 |
10.000 |
|
|
|
|
|
666-66 Sq. Yrds of vacant site at S No. 127/4, Plot No. 95, Sundar Siva Colony, Jeyendra Nagar, Kakinada East Godavari District (Estimated Value) |
10.582 |
15.000 |
|
|
|
|
|
Investments |
|
|
|
Investments in firms |
54.548 |
54.548 |
|
|
|
|
|
Total |
74.834 |
87.408 |
|
|
|
|
|
Less: Liabilities |
|
|
|
Mortgage loan from ICICI Bank against security of vacant site at Plot No. 94, Sundar Siva Colony, Jeyendra Nagar, Kakinada [Estimated] |
5.000 |
3.714 |
|
|
|
|
|
Mortgage loan from ICICI Bank against security of vacant site at Plot No. 95, Sundar Siva Colony, Jeyendra Nagar, Kakinada [Estimated] |
7.485 |
6.168 |
|
|
------------- |
------------- |
|
NETWORTH |
62.349 |
77.526 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. AHMED ALISHA SHEIK (PARTNER)
(INR IN MILLION)
|
Particulars |
03.05.2018 |
|
|
Immovable
properties |
|
|
|
Residential building at D. No. 70-6-5/6, behind NCC Boat Club, Ramanayyapeta, Kakinada, East Godavari Distract (as per regd. Valuers valuation report) |
2.586 |
21.870 |
|
|
|
|
|
Residential building at D. No. 3-16C-10/2, Santithi Nagar, Kakinada, East Godavari Distract (Estimated value) |
18.448 |
50.000 |
|
|
|
|
|
Semi -finished residential building at S. No. 122/3 and 120/5, Road No. 2, Siddartha Nagar, Kakinada, East Godavari Distract (as per regd. Valuers valuation report) |
16.463 |
19.500 |
|
|
|
|
|
Vacant site of 3611.12 sq. yds situated at S No. 91/2 and 3, Near Gagalamma Temple, Vakalapudi, Kakinada, East Godavari Distract (as per regd. Valuers valuation report) |
23.412 |
37.900 |
|
|
|
|
|
Movable assets |
|
|
|
Barge “MB Sabari” |
6.000 |
2.130 |
|
|
|
|
|
Investments |
|
|
|
Investments in firms |
64.469 |
64.469 |
|
|
|
|
|
Deposited, loans and advances |
1.500 |
1.500 |
|
|
|
|
|
Total |
132.878 |
197.369 |
|
|
|
|
|
Less: Liabilities |
|
|
|
Mortgage loan from ICICI against security of residential building at Santhi Nagar, Kakinada |
20.000 |
16.390 |
|
|
|
|
|
Mortgage loan from ICICI against security of residential building at Santhi Nagar, Kakinada |
15.200 |
13.204 |
|
|
------------- |
------------- |
|
NETWORTH |
97.678 |
167.775 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
OBJECTIVES OF THE
FIRMS
The Firm is incorporated with the main objective of providing logistics services that facilitate and support the Port Construction, Naval Base Construction and Sea/ River Bridge Construction companies like Larsen & Toubro, Tata Constructions, Afcons infrastructure, ITD Cementation, Reliance infrastructure etc.
The Firm uses its strategy, experience, personnel and standards to provide the customers with seamless quality service. The objective of this report is to throw light about the Firm's activities, the management team's experience in the industry and the current gap between market demand and supply of barges consequent to which there is a dire need to construct flat top barges.
INDUSTRY ANALYSIS - OIL AND GAS AND PORT
INFRASTRUCTURE
The marketing of the services provided by the firm can be traced in various segments of the marine industry viz. oil and gas exploration, multi-lateral and bilateral naval exercises, construction of ports and harbours, dredging and so on. Compared to the development and volume of operations in the western coast of india, eastern coast lags far behind, leaving enormous scope for the growth potential.
From the perspective of oil and gas
industry :
The firms market groth is directly connected with the growth of the Indian Oil and Gas Industry. It is estimated that India will overtake Japan to become the worlds 3rd largest oil consumer behind US and China by 2025.
ln this context, following investments in
the oil & Gas sector are noteworthy:
Reliance industries Ltd. along with its partner Bharat Petroleum lnc. has decided to invest US $ 6 billion (INR. 400000.000 million) for the development of new R-series gas fields in the KGD6 Block. ONGC plans to invest US $11 billion (INR 730000.000 million) in exploration and development of blocks in KG Basin, which is expected to increase the gas production by around 30o/o over the coming 34 years.
The Total lnvestment by Oil Marketing Companies (OMCs) on fuel upgradation program will reach INR 900000.000 million by 2020, according to Mr. K.D. Tripathi, Secretary, Ministry of Petroleum and Natural Gas, lndia.
ONGC has signed an agreement with the Govt. of Andhra Pradesh to invest around INR. 780000.000 million in the KG Basin for producing Hydrocarbons by FY 2021-22. This is in addition to the aforesaid investment of INR 730000.000 million aimed at increase in the production of Gas. Seven proposals have been received for generation of approx 107386 LKM 2D Seismic data, under the policy for Geo-scientific data generation for hydrocarbons in lndian sedimentary Basins, through Non-exclusive Multi-Client Geo-scientific surveys/ Activities. All the seven proposals have received clearances from Ministry of Defence (MOD) and Ministry of Home Affairs (MOHA). DGH has issued provisional letter of consent to all the proposals.
From the perspective of Ports and allied
Infrastructure development2
The lndian Minister for shipping, Road Transport and Highways, Mr. Nitin Gadkari, announced a massive investment in lndia's ports and roads sector, which is likely to help boost the country's economy. The lndian government plans to develop 10 coastal economic regions as part of plans to revive the country's Sagarmala (string of ports) project. The Cabinet approved setting up a major port at Enayam near Colachel in Tamil Nadu, with an estimated cost of INR 65750.000 million (US$ 986.25) for Phase-l development; and the first container berth in Phase-l will be operational by December 2020. This would be the country's 13th major port. The Ministry of Shipping, Government of lndia, has announced plans to execute 199 residual maritime projects worth INR 8000000.000 million (US$ 124 billion) over the next two years, 'ria government funding.
SWOT ANALYSIS
The SWOT analysis provides the Firm with an excellent opportunity to examine and evaluate the internal strengths and weaknesses. lt also allows us to focus on the external opportunities presented by the business environment as well as potential threats.
STRENGTHS
The Firm owns a valuable inventory of strengths which include:
1. Excellent quality
2. Management's proven experience in rendering similar services
3. Clear vision of the market needs
WEAKNESS
The firm is aware of its strengths and at the same time, has identified some of its weaknesses such as:
1. Limited operating capacity during the peak periods.
2. Cost factor associated with the introduction of equipment and technology.
OPPORTUNITIES
The Firm's strengths and the weakness of its weaknesses will help it capitalize on emerging opportunities. These opportunities include but are not limited to:
1. Increasing trend in the government initiatives for the development of major industry segments which the Firm is serving.
2. Absence of competitors operating at similar capacity level with our Firm.
THREATS
The threats which the Firm should be aware oi include:
1. changes in the business environment that might reduce our sales
2. Higher taxes in the future
3. Tight credit times, higher interest rate, and higher inflation rate than predicted.
SALES FORECAST
The following table and charts illustrate the sales forecast for five years. The first few months might be slower, a consequence of being a start-up business and due to construction of barges and arranging fleet for the future work orders. A steady growth cycle will occur as the months pass. Profitability is projected to occur during the initial year of operations. The increasing sales forecast suggest an important potential growth.
|
Financial year |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
|
Gross hire charges |
6.840 |
21.546 |
22.626 |
23.760 |
24.948 |
|
Total expenses |
3.579 |
9.353 |
7.701 |
6.090 |
4.540 |
|
Net profit before tax |
3.261 |
12.193 |
14.925 |
17.670 |
20.408 |
Keeping in view of the initiatives taken by the Government as well as Corporate sectors explained in the section of 'industry Profile", the Firm expects a considerable growth in the next 5 years. The projects mentioned in Section ll of the report as a whole will stand as milestones in the Indian infrastructure Sector, which involve investment in lakhs of Crores. The said projects have the potential to contribute at least INR 30.000 million - INR 40.000 million exclusively to the firm's income from hiring of barges.
MARKETING STRATEGY
The marketing strategy of the Firm centers on creating that and developing a corporate identity clearly defines our market niche in terms that benefit our corporate
customers. The previous experience of the Firm's partners in rendering similar kind of
services running a similar business shows that the advertising costs can easily overwhelm a
start-up firm, so keeping marketing simple' creative and cost-efficient will be challenging.
The Firms partners current
operational and marketing position in the industry is such that numerous small
and independent vessel owned are really available to deploy their boats and
barges at their call.
The firm also uses the combination of the
following methods to reach its potential customers, i.e.
·
Direct mail
·
Grand opening
·
Industry specific trade shows and other local
business events
·
Internet marketing
·
Word of mouth
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Owner |
SAN MARINE |
|
|
|
|
Location of the property |
New Port Area, Kakinada [Steel Bunker Barge
“San Liner”] |
|
Value of Steel Bunker Barge “Sun Liner” |
INR 16.500 Million |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Owner |
SAN MARINE |
|
|
|
|
Location of the property |
New Port Area, Kakinada [Flat Top Barge “San
35”] |
|
Value of Top Barge “Sun 35” |
INR 20.000 Million |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Owner |
SAN MARINE |
|
|
|
|
Location of the property |
New Port Area, Kakinada [Flat Top Barge “San
45] |
|
Value of Top Barge “Sun 45” |
INR 30.000 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
|
INR |
|
US Dollar |
1 |
INR 68.21 |
|
|
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
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.
·