Jasco Paper Jasco Paper ProductsProducts

By Rajeev KumarBy Rajeev Kumar

PF No. 304698PF No. 304698

Company ProfileCompany Profile M/s Jasco Paper Products is a Partnership firm M/s Jasco Paper Products is a Partnership firm

incorporated in 2008incorporated in 2008 Head office:Head office: Chandigarh Chandigarh Work place:Work place: Nalagarh, (H.P.)Nalagarh, (H.P.) Manufacturing:Manufacturing: Boxes, Printed Mono Cartons & Boxes, Printed Mono Cartons &

Packing Packing MaterialMaterial Partners:Partners: Raminder Matta, Ravdeep Singh, Raminder Matta, Ravdeep Singh,

Parminder Singh, Gurdeep SinghParminder Singh, Gurdeep Singh Industry:Industry: SMESME Customers:Customers: MDC Pharma, Baddi & Ultratect MDC Pharma, Baddi & Ultratect

Pharma, Baddi, ITCPharma, Baddi, ITC Suppliers:Suppliers: ITC, Hyderabad & Shanti Sales, ITC, Hyderabad & Shanti Sales,

BaddiBaddi Credit Rating: Credit Rating: A+ (Score: 68.04%)A+ (Score: 68.04%) Rating by Agency: Rating by Agency: SSI Rating-SE-2A by ONICRASSI Rating-SE-2A by ONICRA

(HPC & HFS)(HPC & HFS)

Credit FacilityCredit Facility

Facilities Already AvailingFacilities Already Availing CC limit:CC limit: 25 lac25 lac Term loan:Term loan: 53 lac53 lac Sanctioning Authority:Sanctioning Authority: DGMDGM

Proposal for Renewal-Cum-EnhancementProposal for Renewal-Cum-Enhancement CC limit:CC limit: 70 lac70 lac Sanctioning AuthoritySanctioning Authority DGM DGM

Documentation before Documentation before SanctionSanction

Name of the Partners & their all bank A/cs DetailsName of the Partners & their all bank A/cs Details Estimations & Projections of ProjectEstimations & Projections of Project Audited Balance Sheet of the firmAudited Balance Sheet of the firm Detail of Collateral Security mortgagedDetail of Collateral Security mortgaged Fresh Valuation Report of I.P. from approved Fresh Valuation Report of I.P. from approved

ValuerValuer Status of Accounts of Associate Allied companies Status of Accounts of Associate Allied companies Confidential Reports of the firm and partnersConfidential Reports of the firm and partners CIBIL Reports CIBIL Reports

Latest I.T.R. of Firm and PartnersLatest I.T.R. of Firm and Partners PNB Trac RatingPNB Trac Rating

Pre-Sanction AppraisalPre-Sanction Appraisal Financial AnalysisFinancial Analysis

Partner’s capital/TNW The partner’s capital remained at Rs. 71.62 Lac as at he partner’s capital remained at Rs. 71.62 Lac as at

31.03.2010 as against Rs. 61.37 Lac as at 31.03.2009.31.03.2010 as against Rs. 61.37 Lac as at 31.03.2009.

SalesSales The actual turnover for the year 2009-10 remained at The actual turnover for the year 2009-10 remained at

Rs. 248.07 Lac as against Rs. 190.81 Lacs for the Rs. 248.07 Lac as against Rs. 190.81 Lacs for the previous year depicting increase of 30.52%. However, previous year depicting increase of 30.52%. However, the actual sale was low than estimated 313.5 lacs the actual sale was low than estimated 313.5 lacs remained low on account of delay in start of production remained low on account of delay in start of production for corrugated boxesfor corrugated boxes

Profitability:Profitability: Despite actual low sale vis-à-vis estimated for the year, the Despite actual low sale vis-à-vis estimated for the year, the

remained at Rs. 48.00 Lac as against estimated of Rs. 46.99 remained at Rs. 48.00 Lac as against estimated of Rs. 46.99 Lac. The cash profit during year ended 31.03.2010 remained Lac. The cash profit during year ended 31.03.2010 remained at Rs. 59.36 Lac.at Rs. 59.36 Lac.

For the current year ending 31.03.2011, the PBT and Cash For the current year ending 31.03.2011, the PBT and Cash Accruals is estimated at Rs. 48.82 Lac and Rs. 58.29 Accruals is estimated at Rs. 48.82 Lac and Rs. 58.29 respectively. respectively.

Current ratio: Current ratio: The current ratio is 1.59 at 31.03.2010 The current ratio is 1.59 at 31.03.2010 remained much above the benchmark with slippage vis-à-vis as remained much above the benchmark with slippage vis-à-vis as at 31.03.2009 on account of higher level of current assets & at 31.03.2009 on account of higher level of current assets & liabilitiesliabilities

Debt Equity Ratio: Debt Equity Ratio: The debt equity ratio remained at 0.65The debt equity ratio remained at 0.65

The overall working results and financial position of the firm The overall working results and financial position of the firm remained satisfactory. remained satisfactory.

MPBF as per Traditional MPBF as per Traditional MethodMethod

ItemMonth’s Holding

last acceptedMonth’s Holding now estimated

Accepted for assessment Year 2010-11

Raw Material 2.00M 1.00 M 21.17

Stock-in-process 0.30M -- --

Finished Goods 0.50M 0.60 M 14.52

Consumable 3.00M LS 00.32

Sundry Debtors 2.00M 3.00 M 90.00

Total Chargeable Current assets 126.01

Other Current Assets 4.67

Total Current Assets 135.76

Sundry Creditors 00.45M 01.25 M 26.47

Other current Liabilities 02.50

Working Capital Gap 106.79

Minimum stipulated margin 25% of CA 33.94

Estimated Margin for Working Capital 36.80

PERMISSIBLE BANK FINANCE 70.00

Security Security A.A. PrimaryPrimary For working capital limits: For working capital limits: Hypothecation of stocks i.e. raw material, stock in process, Hypothecation of stocks i.e. raw material, stock in process,

finished goods and consumable stores. finished goods and consumable stores. Hypothecation of debtors arising out of genuine Trade Hypothecation of debtors arising out of genuine Trade

transactions transactions B.B. Collateral : Collateral : Hypothecation/ Mortgage of Block Assets Immovable Hypothecation/ Mortgage of Block Assets Immovable

Properties- Market value of Rs.195 lacs and Realizable Properties- Market value of Rs.195 lacs and Realizable value of Rs. 156 lacsvalue of Rs. 156 lacs

Personal Guarantee of PartnersPersonal Guarantee of Partners

Name of Name of GuarantorGuarantor

Net means (In Net means (In Lacs)Lacs)

Parvinder SinghParvinder Singh 143.85143.85

Gurmeet SinghGurmeet Singh 217.62217.62

Ravdeep SinghRavdeep Singh 0505

Raminder SinghRaminder Singh 0303

Strong PointsStrong Points The promoters are Qualified and Experienced. The promoters are Qualified and Experienced. Mature industry with strong manufacturing base Mature industry with strong manufacturing base

with capacity to produce quality Produce.with capacity to produce quality Produce. Well-developed engineering base to produce wide Well-developed engineering base to produce wide

range of Printing equipment and machinery.range of Printing equipment and machinery. The boom in Pharma sector Baddi is a big place for The boom in Pharma sector Baddi is a big place for

Pharma Companies has created Demand supply Pharma Companies has created Demand supply gap to printing and packing Industry. Moreover gap to printing and packing Industry. Moreover one of the partner is also director in MDC one of the partner is also director in MDC Pharmaceutical Pvt. Ltd. which shall purchase the Pharmaceutical Pvt. Ltd. which shall purchase the finished good of the proposed firm. MDC is also finished good of the proposed firm. MDC is also dealing with our branch.dealing with our branch.

JustificationJustification

The firm has satisfactory dealing The firm has satisfactory dealing with Bank since 1998with Bank since 1998

The all A/cs of the Group are The all A/cs of the Group are RegularRegular

Baddi, the place where unit is Baddi, the place where unit is located has emerged as one of Asia’s located has emerged as one of Asia’s largest Pharma Hub due to various largest Pharma Hub due to various huge demand of Packing Productshuge demand of Packing Products

Thank YouThank You