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Introduction-Business: Mr. Ashutosh Choudhary, Aged 35 Years and A Bachelor of
Introduction-Business: Mr. Ashutosh Choudhary, Aged 35 Years and A Bachelor of
Dear Sir,
SUB: - Cash Credit Limit Rs. 25.00 lacs
INTRODUCTION-BUSINESS
Bharat Securetech. is a proprietorship firm having its office at shop No. 4
Sohana, Opposite Sec-78, SAS Nagar, Mohali (Pb). The said firm is being
Promoted by Mr. Swaran Dass a proprietor since July-2015. The firm is engaged in
the activities of trading and Installing of various security devices & system as per
the requirement of customers.The said firm is also registered under Punjab Vat Act,
2005 and Central Sales Tax Act, 1956 u/s 7(1)/7(2) with the Registration no
03532187354.
INTRODUCTION PROPRIETOR
1.
FINANCIAL POSITION
The brief financials of the firm are as follows:
(Rs. In lacs)
Particular
Sales
PBIT
PAT
Net worth
Actual
2015-16
22.57
2.25
2.15
10.65
PRODUCT RANGE
The major products being traded by Bharat Securetech
are as follow:
CCTV Camera
DVR
Bruglar Alarm
Fire panel
Access Control
Biometric.
hand, we have decided to start up with our own manufacturing unit at C-65,
Chanalon,Focal Point S.A.S Nagar, Kurali (Pb.) in rented building. We also wish to add
biobetter / biosimilar products in this facility
In this facility we need granulation equipments, testing equipments, packaging
equipments, filling line, washing line, air handling units, batch coding machine, water
treatment plant, effluent treatment plant etc. After installation of these equipments and
production, we are expecting to increase our sales and turnovers.
As we have been running Job Work unit of Pharmacy Product for the last 6-7 years and
have established our contacts with various Manufacturers & Buyers of our products
domestically and internationally. In view of increased in demand of our products and
confirm order in our hand. We have proposed to setup our own manufacturing unit with the
installed capacity of Tablet-600.00 lacs, Amp 60.00 lacs, PFS 30.00 lacs & Vials 30.00 lacs
p.a respectively to meet the ever increasing demand in the Market. We also wish to add
bio better/biosimilar products in this facility.
For the same, we need SS Pass Boxes Static, Sampling Booth both active & inactive
isolated, Dispensing Booth both active & inactive isolated, Air handling units with outdoors
and Duct Connections, Sampling Tools, Hot Air oven, Electronic Balance, Mass Mixer SS
316 Vessel, Cabinate, Multimill, Oscillating Grinder , Tray Dryer, Tablet Compression
Machine with die punch sets, Tablet Die Punch Storage Cabinet, SS Stirrer with SS Vessel
Disintergration Apparatus, Vernier Callipers, Bilister Alu-Alu with Die Sets, SS Storage
Containers, Control Panel AHUS and Power Controlling of all Machines, RO (water
management) Effluent Treatment Plant, Spectrophotometer, Fuming hood, Stability
Chamber, Dynamic Pass Boxes and Chemicals and Glass wares etc.
FINANCIAL PROPOSAL TO THE BANK
a) FINANCIAL PROJECTIONS
The brief financials of the firm for Estimated & Projected level are as follows:
(Rs. in laces)
Particular
Sales
PBIT
PAT
Net worth
Estimated
2016-17
125.00
11.12
7.74
15.19
Projected
2017-18
127.00
12.53
9.15
20.26
Firm has Estimated & Projected Sale of Rs.125.00 laces & Rs. 127.00 laces during the F.Y
2016-17 & 2017-18 respectively and already achieved sale of Rs.22.57 laces upto
31.03.2016.
Firm will easily achieve the volume of Rs. 125.00 laces & Rs.127.00 laces on the basis of
increase demand of our products & confirmed order in hand.
We have confirmed order in hand for during the F.Y.2016-17 & F.Y. 2017-18 which shall
increase our capacity utilization as a result of which our sale shall be increase to 125.00
laces & 127.00 laces respectively from the existing level.
a)
For the purpose of enhanced level of running of business operation & getting regular
orders from our customers. We require enhanced working capital limits. The brief
justification is as follows:
(Rs. In lacs)
Particulars/Years
2016-17
Estimated
2017-18
Projected
2018-19
Projected
42.46
47.93
53.38
4.79
4.81
5.06
37.67
43.12
48.32
10.61
11.98
13.34
12.67
18.12
23.32
27.06
25.00
31.14
25.00
34.98
25.00
25.00
25.00
25.00
2019-20
Projected
Estimated
Projected
31.03.2014
31.03.2015
31.03.2016
Particulars/Year
Holding Periods(in months)
Raw Material
1.40
1.40
Work in Progress
1.00
0.94
1.20
1.96
1.77
ReceivablesDomestic
2.50
2.50
ReceivablesExports
2.10
1.48
1.30
Finished Goods
2020-21
Projected
2021-22
Projected
Sundry Cred.
4.60
1.00
1.51
Raw Material: - The firm envisages level of holding at 1.40 Months for the F.Y 14-15
respectively and it takes about 40-50 days to receive the material from Supplier. Further
the orders are normally placed at reasonable time in advance as there cannot be any
discontinuity in the supplies. On that basis, we have estimated the Raw Material at 42
days.
Work in Progress: - The firm envisages level of holding at 1 Months for the F.Y 14-15
respectively and it takes about 30 days to convert the raw material into finished goods.
Therefore, we have estimated the Raw Material at 30 days .
Finished goods: - Once the Pharma Product is ready for sale, we have to stock material
for at least 40-60 days as our experience in the line of business shows that we should
maintain average stock of 40-60 days. Therefore, we have been estimated & projected the
level of holding for 60 days.
Sundry Debtors: - We have Domestic buyers for our Products and services. Customers
have standard procedures of 75 days payment.
Sundry creditors: We have considered sundry creditors at 30-45 days for the F.Y 16-17.
Also please find enclosed detailed CMA showing Working Capital limit requirement for the
year 2016-17
SECURITIES
1.
Primary Security:
For working capital limits Hypothication of stocks and book debts.