Vencap United

Executive Summary

Company Name Natraj Home Furnishings Pvt Ltd

Registered
E-129, Ashok Vihar, Phase-I, North West Delhi, Delhi-110052
Address

Incorporation
18.03.2004
Date

About

Incorporated in 2004 and promoted by Wadhwani family, NHFPL manufactures

and exports home furnishing items such as table linen, home decor accessories,
Profile quilts, bed spreads, cushion covers, curtains, and home textile. It has four
manufacturing units at Barhi in Jharkhand and Kundli in Haryana, with weaving,
dyeing, and printing capabilities. The company was set up as a proprietorship
firm, Natraj Exports, in 2000 but was reconstituted as a private limited company
in 2004.

S. No. Name Designation

Promoter/ 1. Deepak Wadhwani Director
Directors of the 2. Kapil Wadhwani Director
3. Umesh Wadhwani Director
Company
4. Islam Director
5. Dhruv Arora Director
Facility Enjoying S. Limits /
No Loans Margins
(Charges Banker / NBFC Particulars ROI P.A %
. (Rs. in %
registered) Crs.)
1. FDB/FBE 16.50 Stock: 7.25%
Canara Bank*
[O/PBLC/ 25% [RLLR+0.75
[07.09.2021]
NPBLC] %]
[9.00] Stock: 7.25%
PC
25% [RLLR+0.75
[SL ]
%]
Direct Dispatch 1.00
of Bills
Subtotal 17.50
2. SIDBI 5.00
TL
[10.11.2021]
0.486 6.00%
SIDBI
ECLGS [Reset after
[02.11.2021]
1 year]
SIDBI TL 1.62 10.30%

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[17.01.2020]
Subtotal 7.106
Total 24.606
*The WCTL under GECL of Rs. 2.35 crs (100% guarantee cover).

Security Details Security offered to Canara Bank

Primary Security

 First charge by way of hypothecation of stocks and book debts valued at

Rs. 34.28 crs. as on 30.06.2021.

Collateral Security

 EMT of residential property at E-129, Block E, Ashok Vihar Phase-1, Delhi

having first and second floors measuring 200 sq yds in the name of Mr.
Deepak Wadhwani, Mr. Kapil Wadhwani, Mrs. Astha Wadhwani and Mrs.
Stuti Wadhwani valued at Rs. 9.13 crs. as on 28.10.2020.
 EMT of land and building at Plot No. 71, Sector-56, Phase-IV, HSIDC
Industrial Estate, Kundli measuring 1012.50 sq mts in the name of the
company valued at Rs. 8.10 crs. as on 10.12.2020
 EMT of 317, Phase-IV, Sector-57, HSDIIC Industrial Estate, Kundli,
Haryana-131028 in the name of Mr. Deepak Wadhwani and Mr. Kapil
Wadhwani valued at Rs. 6.26 crs. as on 10.06.2021

Personal Guarantee

 Mr. Deepak Wadhwani

 Mr. Kapil Wadhwani
 Mrs. Astha Wadhwani
 Mrs. Stuti Kapil Wadhwani
 Mr. Hiranand Wadhwani
 Mr. Umesh Wadhwani

Security offered to SIDBI

Primary Security

 First charge by way of hypothecation of all the movables (save and

except stocks and book debts) including movables, plant, machinery,
spares, tools & accessories, office equipment, computers, furniture and
fixtures, etc. acquired/ to be acquired under the term Loan of Rs. 0.486

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crs.

Collateral Security

 First charge by way of EM of property at Plot No. 16, Phase-3, Sector-18,

HSIDC Industrial Estate, Barhi, Sonepat, Haryana-131101 admeasuring
4050 sq. meter, in the name of Natraj Home Furnishings Private Limited.


Personal Guarantee

 Mr. Deepak Wadhwani

 Mr. Kapil Wadhwani


Rs. In Crs.

Sr. Parameters Audite Audite Audite Provisional

No d d d s
. 2019 2020 2021 2022
Number of months 12 12 12 12
1 Total Operating Income(TOI) 62.11 49.31 66.77 87.04
2 EBIDTA 4.86 2.35 4.47 2.86
3 E B I D T A/ TOI (%) 7.83% 4.77% 6.70% 3.28%
4 Interest 3.01 3.14 3.14 3.13
5 Depreciation 0.73 0.67 0.72 0.67
Operating Profit after Dep.&
Financial 6 1.12 -1.46 0.61 -0.94
Int.
Summary 7 Non Operating Income/Exps. 0.23 2.56 0.82 3.12
8 PBT 1.35 1.10 1.43 2.18
9 PAT 0.96 0.70 1.00 1.58
10 PAT/ TOI (%) 1.55% 1.42% 1.50% 1.82%
11 Net Cash Accruals (NCA) 1.69 1.37 1.75 2.25
12 Gross Fixed Assets 19.76 24.64 25.99 27.45
13 Net Fixed Assets 15.72 19.95 20.56 21.38
14 Tangible Networth (TNW) 8.11 12.95 15.25 18.00
15 Exposure in Group Co./Sub. 0.08 0.16 0.00 0.00
16 Adjusted T N W (ATNW) 8.03 12.79 15.25 18.00
17 Long Term Debt (LTD) 6.77 7.20 9.08 13.45

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18 Short Term Debt (STD) 2.98 2.93 1.76 0.03

19 Working Cap. Bank Finance 15.49 11.22 13.96 11.80
20 Total Debt 25.24 21.35 24.80 25.28
21 Total Debt/ TNW 3.11 1.65 1.63 1.40
22 LTD/TNW 0.83 0.56 0.60 0.75
23 TOL/TNW 4.68 2.94 3.26 2.67
24 TOL/ATNW 4.73 2.97 3.26 2.67
25 Total Current Assets 26.69 27.06 40.36 40.55
26 Total Current Liabilities 31.21 30.82 40.70 34.66
27 Net Working Capital -4.52 -3.76 -0.34 5.89
28 Current Ratio 0.86 0.88 0.99 1.17
29 R O C E (%) 13.53% 5.07% 9.60% 5.06%
30 Interest Coverage Ratio 1.49 0.62 1.30 0.72
31 Total Debt/Net Cash Accrual 14.96 15.62 14.20 11.23
32 DSCR 1.87 0.88 1.37 1.57
33 Gross Profit Ratio 21.37% 21.12% 17.05% 13.93%
The company has been rated “B+/Stable/ A4” (issuer not cooperating) from
CRISIL as on February 28, 2022.

Facility Type Facilities Rating

Credit Rating (Rs. in Crs.)
Foreign Bill Discounting 5.00 B+/Stable
Foreign Exchange Forward 0.50 A4

Packing Credit 3.00 A4

Total 8.50 -
S. Name of the Company Facilities Rating
No. (Rs. in Crs.)
1. Natraj Craftex Pvt Ltd Nil NA
Related Party 2. Hira Nand Ghanshyam Dass Pvt 2.15 NA
Ltd
3. Chirag Home Fashions Pvt Ltd Nil NA
4. Arora Overseas Pvt Ltd 0.88 NA
5. Natraj Home Textiles Pvt Ltd Nil NA

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