INITIAL BASE DUE DILIGENCE REPORT
EXECUTED BY
“Baheti Chambers”, Joshi Market, D-Type, D-3, 1:6, B-Wing, Opp.ApnaBazar,
Tower Square, Akola Sector-1, Vashi, Navi Mumbai
Maharashtra Maharashtra
PIN-444 001 PIN-400 703
Tel: +91-724-2422239 Cell: +91- 90 2926 2926
E-mail: ,
CATCH POINTS :
- We were brought into the entity study with effect from 24th March, 2013.
- Initial set of documents were provided on 24-03-2013 and factory visit was conducted on 24-03-2013.
- The initial screening and meeting with the management team were conducted on 24-03-2013.
- The primary advisor on this proposal were M/s Shriyai Consultancy of New Delhi headed by Managing Partner , Dr.ShantanuGhosh.
- Our firm was appointed by M/s Shriyai Consultancy to conduct a in-principle due diligence on the entity and confirm whether a funding can be executed or not.
- Our firm was allowed 2 working days to conduct a preliminary study and base our conclusions on the proposal. We were not allowed the liberty to conduct a full fledged viability study.
- We are not able to conduct the normal level of study as warranted in such type of proposals due paucity of time allotted , hence we are conducting a analytical study and issuing a base report for the same , which would give a rough idea as to the worth of the entity in question.
- We disown ourselves from all responsibility of funding as we are consultants and not channel for funds .
- Our main thrust is towards M/s Shriyai Consultancy .
- WE EXPRESS OUR ANALYSIS IN A RESTRICTED WAY
DISCLAIMER
This document and the information contained herein are strictly confidential and are meant solely for the selected recipient to whom it has been specifically made available. This document may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of J. MAITRA & ASSOCIATES
Nothing in this document is intended to constitute legal, regulatory, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, or a solicitation of any type. The contents in this document are intended for general information purposes only and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have before entering into any financial transaction.
The financial or other projections etc. set out in this document have been prepared based upon projections that have been determined in good faith and from sources deemed reliable. There can be no assurance that such projections will be accurate. J. Maitra & Associates does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us.
Past performance cannot be a guide to future performance. No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness.The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially.
Accordingly, this document should not form the basis of, and should not be relied upon in connection with, any subsequent investment in the fund/ security. To the extent that any statements are made in this document in relation to the fund/ security, they are qualified in their entirety by the terms of the Offering Memorandum and other related constitutive
ABOUT J. MAITRA & ASSOCIATES
J. Maitra & Associates is a Chartered Accountancy / Management Consulting firm that works with leading business houses and assists them in improving corporate, financial and operational performance by undertaking the role of a facilitating agent. With an industry presence and a network of highly experienced and dynamic consultants, J. Maitra & Associates helps in making businesses more valuable through high –impact solutions. From strategy to execution it works with businesses, government agencies and other public service organization to tap and develop the innate potential needed to outperform in these fast changing and complex times. With its substantial experience and exposure in the areas of strategy, marketing, corporate finance, advisory services, etc, and peopled by an experienced in-house research team.
Headquartered in Mumbai,the financial hub of India, and having second branch in Akola, has the resources, facilities and superlative intellectual talent to cater to the needs of the domestic and international. In J. Maitra & Associates and analyst team, there are chartered accountants, MBA‘s, engineers, economists and editors, the mission of firm is to provide consulting services of the highest quality at the most competitive prices.
Name of the Company :ENTITY FASTENERS PRIVATE LIMITED
Date of Incorporation :27th July 2006
CIN :U28991WB2006PTC110811
Network Branch office in Delhi, Tirupur, Surat etc.
Nature of Business :Manufacturers , Suppliers and Exporters of All Kind of Plastic, Metal & Nylon Zippers and Sliders & Pullers etc.
Management Team
Sr.No. / NAME / Designation / Residential Address1 / Mr. SudipMukherjee / Managing Director / 4/1, Kanjungo Park, P.O. GanguliBagan, PS Jadavpur, Kolkata- 700 084
2 / Mrs. MousamiMukherjee / Director / 123, Barada Avenue, Kolkata – 700 084
3 / Mr. RajkumarDamani / Director / 22/1, Alipore Road, Kolkata – 700 027
4 / Mr. RahulDamani / Director / 5A, Abhisarika, 118 Souhern Avenue, Kolkata- 700 029
Core Operational Team
Mr.RahulDamani / MBA-Finance / Director- FinanceMr. SrikantChatterjee / MBA-Human Resource / Vice President-HR
Mr. Amitava Gupta / B.Sc.(Chem), D.H.R.A / General manager-Productions
Mr.DebdattaChatterjee / D.I.S.M, M.C.A / Manager-Systems
Mr.BishnupadaMukherjee / B. Com(Hons.) / Manager-Accounts
Mr.Samar Das / B.Com / Manager-Accounts
Mr.AmitBanerjee / B.Com / Manager-Logistics
Mr.RajeevRanjanNirala / B.Sc.(Silk Tech.) / Manager-Productions
Mr.AjaySrivastava / B.A, I.T.I / Manager-Quality Control
Mr.ChayanBhattacharjee / P.G.P.R.M -HR / Manager- HR & Administration
Shareholding Pattern (as on 31st January 2013 certified by Chartered Accountants Mr. Rajesh K Gupta)
Sr.No. / Name of Shareholders / Number of Shares / Value of Shares (Nominal Value Rs.10 Each) / Percentage of Shareholding1 / Mr. SudipMukherjee / 1013500 / 1,01,35,000/- / 43.74 %
2 / Mrs. MousamiMukherjee / 326500 / 32,65,000 /- / 14.09 %
3 / Other Shareholder / 977100 / 97,71,000 /- / 42.17 %
TOTAL / 2317100 / 2,31,71,000 /- / 100 %
GROUP COMPANIES
JAP STRECH PRIVATE LIMITED
Jap Stretch Private Limited, offer a line of premier grade machines & equipments for the garment & textile sector. The company is a trustworthy importer & supplier of high quality needle looms & zipper making machines. Our Comprehensive line of products includes Automatic High Speed Needle Looms, Jacquard Needle Looms, Zipper Plants & Machineries, High Speed Sewing Machines, Embroidery Yarns, Garment Accessories many more items.
The Company sourcesitsproducts from authentic & reliable vendors of the market.They are working with the sole motto of providing the world's best range of products at competitive prices to our patrons. High on every aspect of efficiency & performance, our zipper making machines & looms are capable of rendering years of hassle free services at a minimum possible operating & maintenance cost. Our import markets are centered in China & Taiwan.
JAP Strech Private Ltdis now in the way keeping its foot in the manufacturing field by setting up a new project in the name & style ofENTITY FASTNERS PRIVATE LIMITEDwhich is 20 KM away from Kolkata. The project is having an area of 17,000 sq feet with solid / ethnic building structure .The entire Plant / Machineries will be indented from our Parent company at China.The product mix will be Nylon Zipper Plastic & Metal Zippers, which are mainly consumed in the Textile Apparel segments & in the Leathers market. The new company is aiming to achieve a quality product with zero defects & evolving a system of quality circle will export 50% of the production to the European, Asian, Middle East Countries.
The company has undertaken a manufacturing process at Tirupur,Asia'sbiggest hosiery hub where elastics of different counts / quality are being manufactured.
ENTITY Company Products:-
- FINISHED ZIPPERS
The provide to clients a huge assortment ofSliders and Zippers in various types. These come in different colors and sizes to suit the various customer demands. Our Zippers are highly durable in nature with sturdy lock mechanism. Zippers are used in bags, clothes and various other products and are offered at cost effective prices.
i)Brass Zippers
The Company bring forth for clients an exclusive range of Metal Zippers ,which is designed using superior quality brass and aluminum. Owing to the high strength and durability these zippers are extensively used in jeans, trousers and fancy bags segment. Our range is offered in a variety of styles & finishes and can be customized to fit the client’s varied requirements.
ii)Nylon Zippers
Designed using superior quality raw material, our range of Nylon Zippers (CFC) is used in bags, luggage and apparel segments. Our range zipper is offered in various sizes, types and standards like CFC (Coil Zippers). Moreover, the company also offer these types of all zippers in vibrant colour to suit the apt requirements of the garment industries.
iii)Plastic Zippers
The Company also offering a wide Range of Plastic Zippers , which finds extensive application in apparels, jackets and raincoat segments. Highly demanded in fashion industry, these types of zippers are appreciated for light in weight and strong designing. Further, our range is available in a wide variety of colors & sizes and can be custom designed as per the client’s requirements.
- SLIDERS & PULLERS
In order to give an extra appeal to the fashion, we offering an extensive range of Sliders & Pullers. These sliders are designed using high-quality raw material and are available in various sizes, designs and shapes. Owing to the varied exclusive features such as aesthetic designs, perfect finish and polish.
Details of the Present Exposure with the Banks
Secured Loan with Dena Bank –Khardaha Branch
a)Term Loan :-Rs.552.00 Lakhs
b)Cash Credit Facility:Rs. 700.00 Lakhs
Secured Loan with UBI – Gariahat Branch in the name of JAP Stretch
a)Cash Credit Facility :-Rs. 290.00 Lakhs
b)LC Limit :- Rs. 100.00 Lakhs
NEW PROPOSAL OF THE ENTITY :
Manufacturing of POLYESTER MONOFILAMENT (PMF) is the new expansion project that the existing entity is coming up with. PMF is the main component in the CFC Zipper quality and about 50% of the total weight of the polyester zipper. The zipper pricing is mainly influenced by the price of this raw material.
There are a few manufacturers of PMF in India like Filatex India, Kash Industries, Namofibres, so there is always shortage of supply which affects the regular production and the quality of the supplies also is average . Imports of PMF also is not east with various rules and price fluctuations. The transit costs also do not warrant that the entity purchases from outside suppliers. Most of the suppliers are located in the northern part of India, hence the transport charges are huge .
If the present entity gets into manufacturing its own PMF then the above hardships can be avoided totally.
PMF has the following advantages :
- High tensile strength
- High heat resisting property
- High electric resisting property
- Low moisture absorption property
- USAGE : Zipper, wire for electric resistance , canvas textures, brush , safety belt, conveyer belt , etc.
STAGES OF MANUFACTURING :
WARPING
In this you can prepare beams for the looms to produce tapes for raw material s involved in Polyester roto yarn.
WEAVING
In this process zipper tapes can be produced by means of high speed needle looms by using two sets of yarns
MONOFILAMENT MANUFACTURING
Monofilament is the most essential raw material for making polyester zips , which can be produced in this machine . Raw material involved is Polyester chips .
COIL FORMING MACHINE
The zipper chain , the portion of the zipper containing of teeth which inter lock or separate to fasten or unfasten the zipper is made by a single machine which spins polyester fiber monofilaments to ultimately form two separate chains of teeth. They are automatically zipped together and expelled as a single by means of coil forming machines that can be made of different sizes and pitches so as to meet the requirement .
STITCHING SECTION
The zipper coils from coils from coiling section and laces from the weaving section are stitched together to prepare the long chain of zippers. The machines used for this is the high speed sewing machines .
DYEING
The long chain zippers from the stitching section are dyes into different colours as per the requirement.
HEAT SETTING (FINISHING)
Zipper tapes are fed into the calendaring machines (heat setting machines) to give stiffness to the tapes. So the final product will finish with the long chain of zippers
MEASURING AND WINDING
In this the long chains of finished zippers are measured and wound on to rolls of desired lengths. Machines involved measuring and winding machine.
INSPECTION , PACKING AND DESPATCH
In this, the rolls of finished zippers are inspected , packed into plastic packs and then weighed and finally dispatched to the consumers.
COST OF PROJECT of New Plant for Manufacturing of POLYSTER MONOFILMANT
Detail of New Plant Capital ExpenditureA ) COST OF PROJECT
MONOFILAMENT / TOTAL / MARGIN / PROMOTERS CONTRIBUTION / LOANS FINANCE
Land and Land Development / 95.00 / 95.00 / 100% / 95.00 / -
Civil & Interior Works / 330.00 / 330.00 / 20% / 66.00 / 264.00
Plant & Machinery / 485.00 / 485.00 / 20% / 97.00 / 388.00
Other Assets / 115.00 / 115.00 / 20% / 23.00 / 92.00
Furniture & Fixtures / 55.00 / 55.00 / 20% / 11.00 / 44.00
Computer System / 35.00 / 35.00 / 20% / 7.00 / 28.00
Pre-Operative Expenses / 20.00 / 20.00 / 100% / 20.00 / -
Working Capital / 300.00 / 300.00 / - / - / 300.00
TOTAL / 1,435.00 / 1,435.00 / 319.00 / 1,116.00
Cost of Project / 1,435.00
B ) MEANS OF FINANCE
1 / Promoters Contribution / 319.00
2 / U/s Loan Finance / 1,116.00
Total Means of finance / 1,435.00
FINANCE REQUIRED FOR :
- Takeover of all existing bank facilities =Rs. 17.50 Crores
- Proposed New Unit Under Construction=Rs. 11.00 Crores
TOTAL FINANCE REQUIRED=RS. 28.50 Crores
The repayment of proposed finance would look like as follows :
Assuming :
- The annual rate of interest would be 7%
- The tenure of the finance would be 7 years
- The repayment would be monthly
- The annual interest rates would be reducing.
- The company pays back the loan amount considering EMI structure.
- This base has been taken into consideration so that the potential of the entity repaying the loan is known.
LOAN REPAYMENT
YKZ ZIP FASTENERS PVT. LTD. / Loan Amount: / 285,000,000
Annual Interest Rate: / 7.00%
Length of Loan (in Years): / 7
Number of Payments Per Year: / 12
Total Number of Periods: / 84
Payment Per Period: / 4,301,413.79
Total Interest Paid: / 76,318,758.77
Total Payments: / 361,318,758.77
Period / Payment / Principal / Interest / Total Interest Paid / New Payoff Amount
1 / 4,301,413.79 / 2,638,913.79 / 1,662,500.00 / 1,662,500.00 / 282,361,086.21
2 / 4,301,413.79 / 2,654,307.46 / 1,647,106.34 / 3,309,606.34 / 279,706,778.75
3 / 4,301,413.79 / 2,669,790.92 / 1,631,622.88 / 4,941,229.21 / 277,036,987.83
4 / 4,301,413.79 / 2,685,364.70 / 1,616,049.10 / 6,557,278.31 / 274,351,623.13
5 / 4,301,413.79 / 2,701,029.33 / 1,600,384.47 / 8,157,662.78 / 271,650,593.80
6 / 4,301,413.79 / 2,716,785.33 / 1,584,628.46 / 9,742,291.24 / 268,933,808.47
7 / 4,301,413.79 / 2,732,633.25 / 1,568,780.55 / 11,311,071.79 / 266,201,175.22
8 / 4,301,413.79 / 2,748,573.61 / 1,552,840.19 / 12,863,911.98 / 263,452,601.62
9 / 4,301,413.79 / 2,764,606.95 / 1,536,806.84 / 14,400,718.82 / 260,687,994.67
10 / 4,301,413.79 / 2,780,733.83 / 1,520,679.97 / 15,921,398.79 / 257,907,260.84
11 / 4,301,413.79 / 2,796,954.77 / 1,504,459.02 / 17,425,857.81 / 255,110,306.07
12 / 4,301,413.79 / 2,813,270.34 / 1,488,143.45 / 18,914,001.26 / 252,297,035.72
13 / 4,301,413.79 / 2,829,681.09 / 1,471,732.71 / 20,385,733.97 / 249,467,354.64
14 / 4,301,413.79 / 2,846,187.56 / 1,455,226.24 / 21,840,960.21 / 246,621,167.08
15 / 4,301,413.79 / 2,862,790.32 / 1,438,623.47 / 23,279,583.68 / 243,758,376.76
16 / 4,301,413.79 / 2,879,489.93 / 1,421,923.86 / 24,701,507.55 / 240,878,886.83
17 / 4,301,413.79 / 2,896,286.96 / 1,405,126.84 / 26,106,634.39 / 237,982,599.87
18 / 4,301,413.79 / 2,913,181.96 / 1,388,231.83 / 27,494,866.22 / 235,069,417.91
19 / 4,301,413.79 / 2,930,175.52 / 1,371,238.27 / 28,866,104.49 / 232,139,242.39
20 / 4,301,413.79 / 2,947,268.21 / 1,354,145.58 / 30,220,250.07 / 229,191,974.17
21 / 4,301,413.79 / 2,964,460.61 / 1,336,953.18 / 31,557,203.25 / 226,227,513.56
22 / 4,301,413.79 / 2,981,753.30 / 1,319,660.50 / 32,876,863.75 / 223,245,760.26
23 / 4,301,413.79 / 2,999,146.86 / 1,302,266.93 / 34,179,130.68 / 220,246,613.40
24 / 4,301,413.79 / 3,016,641.88 / 1,284,771.91 / 35,463,902.60 / 217,229,971.52
25 / 4,301,413.79 / 3,034,238.96 / 1,267,174.83 / 36,731,077.43 / 214,195,732.56
26 / 4,301,413.79 / 3,051,938.69 / 1,249,475.11 / 37,980,552.54 / 211,143,793.87
27 / 4,301,413.79 / 3,069,741.66 / 1,231,672.13 / 39,212,224.67 / 208,074,052.20
28 / 4,301,413.79 / 3,087,648.49 / 1,213,765.30 / 40,425,989.97 / 204,986,403.71
29 / 4,301,413.79 / 3,105,659.77 / 1,195,754.02 / 41,621,743.99 / 201,880,743.94
30 / 4,301,413.79 / 3,123,776.12 / 1,177,637.67 / 42,799,381.67 / 198,756,967.82
31 / 4,301,413.79 / 3,141,998.15 / 1,159,415.65 / 43,958,797.31 / 195,614,969.67
32 / 4,301,413.79 / 3,160,326.47 / 1,141,087.32 / 45,099,884.63 / 192,454,643.20
33 / 4,301,413.79 / 3,178,761.71 / 1,122,652.09 / 46,222,536.72 / 189,275,881.49
34 / 4,301,413.79 / 3,197,304.49 / 1,104,109.31 / 47,326,646.03 / 186,078,577.00
35 / 4,301,413.79 / 3,215,955.43 / 1,085,458.37 / 48,412,104.39 / 182,862,621.57
36 / 4,301,413.79 / 3,234,715.17 / 1,066,698.63 / 49,478,803.02 / 179,627,906.40
37 / 4,301,413.79 / 3,253,584.34 / 1,047,829.45 / 50,526,632.47 / 176,374,322.06
38 / 4,301,413.79 / 3,272,563.58 / 1,028,850.21 / 51,555,482.69 / 173,101,758.48
39 / 4,301,413.79 / 3,291,653.54 / 1,009,760.26 / 52,565,242.94 / 169,810,104.94
40 / 4,301,413.79 / 3,310,854.85 / 990,558.95 / 53,555,801.89 / 166,499,250.09
41 / 4,301,413.79 / 3,330,168.17 / 971,245.63 / 54,527,047.51 / 163,169,081.92
42 / 4,301,413.79 / 3,349,594.15 / 951,819.64 / 55,478,867.16 / 159,819,487.77
43 / 4,301,413.79 / 3,369,133.45 / 932,280.35 / 56,411,147.50 / 156,450,354.32
44 / 4,301,413.79 / 3,388,786.73 / 912,627.07 / 57,323,774.57 / 153,061,567.60
45 / 4,301,413.79 / 3,408,554.65 / 892,859.14 / 58,216,633.72 / 149,653,012.94
46 / 4,301,413.79 / 3,428,437.89 / 872,975.91 / 59,089,609.62 / 146,224,575.06
47 / 4,301,413.79 / 3,448,437.11 / 852,976.69 / 59,942,586.31 / 142,776,137.95
48 / 4,301,413.79 / 3,468,552.99 / 832,860.80 / 60,775,447.12 / 139,307,584.96
49 / 4,301,413.79 / 3,488,786.22 / 812,627.58 / 61,588,074.70 / 135,818,798.75
50 / 4,301,413.79 / 3,509,137.47 / 792,276.33 / 62,380,351.02 / 132,309,661.28
51 / 4,301,413.79 / 3,529,607.44 / 771,806.36 / 63,152,157.38 / 128,780,053.84
52 / 4,301,413.79 / 3,550,196.81 / 751,216.98 / 63,903,374.36 / 125,229,857.02
53 / 4,301,413.79 / 3,570,906.30 / 730,507.50 / 64,633,881.86 / 121,658,950.73
54 / 4,301,413.79 / 3,591,736.58 / 709,677.21 / 65,343,559.07 / 118,067,214.15
55 / 4,301,413.79 / 3,612,688.38 / 688,725.42 / 66,032,284.49 / 114,454,525.77
56 / 4,301,413.79 / 3,633,762.39 / 667,651.40 / 66,699,935.89 / 110,820,763.37
57 / 4,301,413.79 / 3,654,959.34 / 646,454.45 / 67,346,390.34 / 107,165,804.03
58 / 4,301,413.79 / 3,676,279.94 / 625,133.86 / 67,971,524.20 / 103,489,524.09
59 / 4,301,413.79 / 3,697,724.90 / 603,688.89 / 68,575,213.09 / 99,791,799.19
60 / 4,301,413.79 / 3,719,294.97 / 582,118.83 / 69,157,331.92 / 96,072,504.22
61 / 4,301,413.79 / 3,740,990.85 / 560,422.94 / 69,717,754.86 / 92,331,513.37
62 / 4,301,413.79 / 3,762,813.30 / 538,600.49 / 70,256,355.35 / 88,568,700.07
63 / 4,301,413.79 / 3,784,763.04 / 516,650.75 / 70,773,006.10 / 84,783,937.02
64 / 4,301,413.79 / 3,806,840.83 / 494,572.97 / 71,267,579.07 / 80,977,096.19
65 / 4,301,413.79 / 3,829,047.40 / 472,366.39 / 71,739,945.46 / 77,148,048.79
66 / 4,301,413.79 / 3,851,383.51 / 450,030.28 / 72,189,975.75 / 73,296,665.28
67 / 4,301,413.79 / 3,873,849.91 / 427,563.88 / 72,617,539.63 / 69,422,815.37
68 / 4,301,413.79 / 3,896,447.37 / 404,966.42 / 73,022,506.05 / 65,526,368.00
69 / 4,301,413.79 / 3,919,176.65 / 382,237.15 / 73,404,743.20 / 61,607,191.35
70 / 4,301,413.79 / 3,942,038.51 / 359,375.28 / 73,764,118.48 / 57,665,152.84
71 / 4,301,413.79 / 3,965,033.74 / 336,380.06 / 74,100,498.54 / 53,700,119.10
72 / 4,301,413.79 / 3,988,163.10 / 313,250.69 / 74,413,749.24 / 49,711,956.00
73 / 4,301,413.79 / 4,011,427.38 / 289,986.41 / 74,703,735.65 / 45,700,528.62
74 / 4,301,413.79 / 4,034,827.38 / 266,586.42 / 74,970,322.06 / 41,665,701.24
75 / 4,301,413.79 / 4,058,363.87 / 243,049.92 / 75,213,371.99 / 37,607,337.37
76 / 4,301,413.79 / 4,082,037.66 / 219,376.13 / 75,432,748.12 / 33,525,299.71
77 / 4,301,413.79 / 4,105,849.55 / 195,564.25 / 75,628,312.37 / 29,419,450.16
78 / 4,301,413.79 / 4,129,800.34 / 171,613.46 / 75,799,925.83 / 25,289,649.82
79 / 4,301,413.79 / 4,153,890.84 / 147,522.96 / 75,947,448.79 / 21,135,758.99
80 / 4,301,413.79 / 4,178,121.87 / 123,291.93 / 76,070,740.71 / 16,957,637.12
81 / 4,301,413.79 / 4,202,494.25 / 98,919.55 / 76,169,660.26 / 12,755,142.87
82 / 4,301,413.79 / 4,227,008.79 / 74,405.00 / 76,244,065.26 / 8,528,134.08
83 / 4,301,413.79 / 4,251,666.35 / 49,747.45 / 76,293,812.71 / 4,276,467.73
84 / 4,301,413.79 / 4,276,467.73 / 24,946.06 / 76,318,758.77 / 0.00
KEY PAST FINANCIAL INDICATORS
YKZ ZIP FASTENERS PVT. LTD.
AMOUNT IN RS. CRORES
Sr. / Particulars / Actuals for 2012 / Provisional for 2013 / Projected for 20141 / Turnover / 20.16 / 25.00 / 45.00
2 / Profit Before Depreciation / 1.76 / 2.86 / 5.00
3 / Share Capital / 2.29 / 2.29 / 2.29
4 / Reserves And Surplus / 3.83 / 5.15 / 8.00
5 / Long Term Borrowings / 1.78 / 5.14 / 28.00
6 / Short Term Borrowings (Banks) / 6.35 / 7.14 / NIL
7 / Fixed Assets / 8.50 / 12.25 / 25.00
8 / Working Capital / 1.50 / 3.16 / 7.00
9 / Stock And Receivables / 10.00 / 12.00 / 15.00
JAP STRETCH PRIVATE LIMITED
Sr. / Particulars / Actuals for 2012 / Provisional for 2013 / Projected for 20141 / Turnover / 17.31 / 22.00 / 30.00
2 / Profit Before Depreciation / 37.00 / 37.50 / 75.00
3 / Share Capital / 0.89 / 0.89 / 0.89
4 / Reserves And Surplus / 1.94 / 2.08 / 4.00
5 / Long Term Borrowings / 0.06 / 0.02 / 0.00
6 / Short Term Borrowings (Banks) / 2.06 / 2.11 / 4.00
7 / Fixed Assets / 1.07 / 1.00 / 2.50
8 / Working Capital / 3.00 / 3.50 / 5.00
9 / Stock And Receivables / 5.67 / 6.01 / 7.50
NETWORTH OF KEY PROMOTERS :
AMOUNT IN RS. LAKHS
Sr. / Description / MR. SUDIP MUKHERJEE / MRS. MOUSUMI MUKHERJEE1 / Assets of Individual including moveable assets , immoveable assets and shares / 525.32 / 150.27
2 / Liabilities of individual / 30.00 / 13.00
3 / NETWORTH OF INDIVIDUAL / 495.32 / 137.27
ASSETS AVAILABLE WITH COMPANY ( Comparison Chart )
Property Mortgaged at United Bank Of India / Property Mortgaged at Dena Bank / Collateral Security Available to MortgageFACILITY - I / FACILITY - II / FACILITY - III
FACILITY / CASH CREDIT :- 290.00 lacs LETTER OF CREDIT :- 100.00 Lacs / CASH CREDIT :- Rs. 7.00 Crore / Term Loan I (Review at the existing limit Of Rs. 1.67 Crores / Term Loans II (Fresh Sanction ) Rs. 6.00 Crores
PRIMARY SECURITY / Hypothecation 1st Charge on Stock & Book debts as on 31.01.2011 as per Stock Statement Submitted by the Company / 1) Hypothecation of Stocks of raw materials, semi finished goods, finished goods and stock in transit, stock in trade, packing materials along with all the current assets of present and future additions if any / Equitable Mortgage of Land & Building to be constructed at the new site Dag no. 547 & 553 in RS Khatian no. 136 at Mouza admeasuring area of 32 Kattah in the name of ENTITY Fasteners Pvt Ltd / Machinery in Existing Factory Value of Rs. 12,00,00,000/-
2) All books debts & Receivables / Equitable Mortgage of Factory Land & Building situated at MouzaRuiya ,J.L.No. 20 Touzi No. 172, R,S & LR dag no. - 551 under Khatian no. 493, LR Khatian No. 665, PS KhardahaBorth 24 PGS in the name of ENTITY Fasteners Pvt Ltd. / Hypothecation of additional machineries and all other fixed assets proposed to be procured with the proposed term loan at the factory site
ADDITIONAL / Extension of equitable mortgage of land and building in the name of N.K. Mukherjee, Mr. PradiptaMukherjee % Mr. SailenMukherjee of Burning Ghat, Bhatpara, 24 Parganas ( North) Value of Rs. 74.62 Lacs. / - / Equitable Mortgage of Residential Flat No. 169, NSC Bose road Sherwood Estate Block C Flat no. 4U admeasuring Super built up area of 1330 Sq Ft in the name of MrSudipMukherjee & Mrs. MousamiMukherjee value of Rs. 46.00 lack as per valuation Report Dated 27/09/2010 / Fully Equipped Flat at Sherewood Estates Narendrapur 24 PGS(S) in the name of Mr. SudipMukherjeeMousamiMukherjee Area of 1500 Sq Ft. value of Rs. 75,00,000 /-
Extension of equitable mortgage of land and building in the name of Mr. SudipMukherjee, Mrs.MousamiMukherjee at 126, Baroda Avenue, Garia Kolkata- 700 084 Value Of Rs. 22 .74 Lacs / - / Personal Guarantee of Mr. SudipMekherjee / 1 Fully Equipped Flat at at 126 Baroda Avenue, Baishnabghata , Kolkata - 700 084 in the name of the Mr. SudipMukherjee & Mrs. MousamiMukherjee are of 1000 Sq Ft. Value of Rs. 40,00,000 /-
Equitable mortgage of flat in the name of M/s JAP Strech Private Ltd. at 56/4, Jorabagan Road, P.O. Naktala Kolkata- 700 047, with car parking no. 4 Value Of Rs. 11.07 Lacs / - / 1 Fully Equipped Flat at Pranabananda Apartment, Ground Floor, 56/4 Jorabagan Road, Naktala Kolkata - 700 041 in the name of JAP StrechPvt Ltd Area Of 800 Sq Ft., Value of Rs. 20,00,000/-
Equitable mortgage of flat in the name of Mr. SudipMukherjee at AdyaMaabhaban Flat No. 3-D 3rd floor,37/14 Central Road, Titagarh Kolkata- 700 122,Value Of Rs.8.49 Lacs / - / 1 Fully Equipped Flat Pranabananda Apartment, 3rd Floor, 56/4 Jorabagan Road Naktala Kolkata - 700 041 in the name of JAP StrechPvt Ltd Area of 500 Sq Ft., Value of Rs. 10,00,000 /-
Equitable Mortgage of 2 stories building at Ruiza, Azamtolla, P.O Patulia , KhardahaDst 24 PGS (South), in the name of JAP Strech Private Limited Area of 1560 Sq. Ft (Value as declared by company ) / - / 2 Storied Building RuizaAzamtolla P.O Patulia P.S KhardahaDst. 24 PGS ( North) in the name of JAP STRETCH PVT LTD are of 1850 Sq Feet Value of Rs,30,00,000 /-
Equitable mortgage of fully furnished flat at jolly residency, Building no. "L" Flat No. L 1101, Veer Narmada South, Gujarat University Road, VESU Surat City road Admeasuring 1805 Sq ft in the name of JAP StrechPvt Ltd.(Value as declared by company ) / - / Land At Bhatpara Naihati in the name of JAP StrechPvt Ltd. Value of Rs. 2,25,00,000/-
Assignments of LIP for 7.29 Lacs in the name of Mr. SudipMekherjeeMousamiMukherjee / - / NEW ANNEXED LAND - YKZ at RuiyaPatulia in the name of YKZ Fasteners Pvt Ltd value of Rs. 1,75,00,000 /-
All the Plant & Machinery farming part & partial of fixed assets both present & future of the company valued at Rs. 78.79 Lacs / - / Building on New Land in the name of YKZ Fasteners Pvt Ltd a value of Rs. 40,00,000 /-
RD of Rs.50000/- PM to be opened in the name of the company for a period of five years / - / 1 Fully Equipped Flat at Barrackpore 24 Parganas (N), Kol-122 in the name of Mr. SudipMekherjee Area of 472 Sq Ft.,Value of Rs. 10,00,000 /-
Personal Guarantee of Directors Mrs.SudipMukherjee & Mrs. MousamiMukherjee / - / Plant & Machinery at new factory in the name of YKZ Fasteners Pvt Ltd value of Rs. 40,00,000 /-
Corporate Guarantee of TEJ UDYOG PRIVATE LIMITED backed by Board Resolution / -
FRESH ORDERS IN HAND : Apart from existing turnover