MIRA
INFORM REPORT
|
Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SRI ROZ CONSULTANTS PRIVATE LIMITED |
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Registered Office : |
1st Floor, Chambers, Nigdi, Pune – 411044, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
04.04.1994 |
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Com. Reg. No.: |
11-77510 |
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CIN No.: [Company
Identification No.] |
U74140PN1994PTC077510 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES10561F PNES03990A |
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PAN No.: [Permanent
Account No.] |
AACCS5829C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures and Supplies Greenhouses, Polyhouses, Polytunnels
and Shade Houses for every needs of Covered Cultivation. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 48000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Financial Position is good. Payments are correct and as per
commitments. The company is doing well. It can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
1st Floor, Chambers, Nigdi, Pune – 411044, Maharashtra,
India |
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Tel. No.: |
91-20-27658989 |
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Fax No.: |
91-20-27658989 |
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E-Mail : |
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Website : |
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Factory : |
227/228, B-14 and B-15, 2nd Floor, Kohinoor Arcade, Tilak
Chowk, Near Flyover, Nigdi, Pune – 411044, Maharashtra, India |
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Tel. No.: |
91-20-27658989/ 27657405 |
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Mobile : |
91-9822022010 |
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Fax No.: |
91-20-27656371 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Chandramohan Moreshwar Sane |
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Designation : |
Managing Director |
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Address : |
Sane Chambers CTS No.125, Nigdi, Pune – 41044, Maharashtra, India |
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Date of Appointment : |
04.04.1994 |
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Name : |
Mr. Arun Moreshwar Sane |
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Designation : |
Director |
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Address : |
Wadekar Chawl Station Road, Chinchwad, Pune – 411019, Maharashtra,
India |
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Date of Appointment : |
04.04.1994 |
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Name : |
Mr. Suchitra Chandramohan Sane |
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Designation : |
Director |
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Address : |
Sane Chambers CTS No.125, Nigdi, Pune – 41044, Maharashtra, India |
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Date of Appointment : |
04.04.1994 |
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Name : |
Mr. Neelaxi Nandkumar Sane |
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Designation : |
Director |
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Address : |
Wadekar Chawl Station Road, Chinchwad, Pune – 411019, Maharashtra,
India |
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Date of Appointment : |
04.04.1994 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Chandramohan Moreshwar Sane |
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2500 |
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Arun Moreshwar Sane |
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2500 |
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Suchitra Chandramohan Sane |
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2500 |
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Neelaxi Nandkumar Sane |
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2500 |
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Total |
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10000 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of director |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufactures and Supplies Greenhouses, Polyhouses,
Polytunnels and Shade Houses for every needs of Covered Cultivation. |
GENERAL
INFORMATION
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Customers : |
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Bankers : |
471/472, Gultekdi Market Yard, Pune – 411037, Maharashtra, India |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Sanjeev G Valimbe and Company Chartered Accountant |
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Address : |
Office No.227, 2nd Floor, Patil Plaza, F P 49 Opposite,
Mitra Mandal, Pune – 411009, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
9.563 |
8.168 |
6.752 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
9.663 |
8.268 |
6.852 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.663 |
8.268 |
6.852 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.531 |
3.673 |
3.772 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
4.745 |
4.823 |
3.876 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000
|
0.000
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Sundry Debtors |
0.000
|
0.000
|
0.000
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Cash & Bank Balances |
0.000
|
0.000
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0.000
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Other Current Assets |
38.144
|
28.358 |
20.000 |
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Loans & Advances |
0.000
|
0.000 |
0.000 |
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Total
Current Assets |
38.144
|
28.358 |
20.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
36.757
|
28.586 |
20.796 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
36.757
|
28.586 |
20.796 |
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Net Current Assets |
1.387
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(0.228) |
(0.796) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.663 |
8.268 |
6.852 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Sales Turnover |
|
165.969 |
133.108 |
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Other Income |
|
0.000 |
0.000 |
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Total Income |
|
165.969 |
133.108 |
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Profit/(Loss) Before Tax |
|
29.780 |
23.152 |
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Provision for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss) After Tax |
|
29.780 |
23.152 |
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Expenditures : |
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Depreciation & Amortization |
|
8.048 |
4.712 |
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Other Expenditure |
|
128.141 |
105.244 |
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Total Expenditure |
|
136.189 |
109.956 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
17.94
|
17.39 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
17.94
|
17.39 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
71.48
|
72.28 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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3.08
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2.80 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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3.80
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3.43 |
3.04 |
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Current Ratio (Current Asset/Current Liability) |
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1.04
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0.99 |
0.96 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8: Bankers
Charges Report as per Registry
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Name of the company |
SRIROZ CONSULTANTS PRIVATE LIMITED |
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Presented By |
Sane Chambers CTS No.125, Nigdi, Pune – 41044, Maharashtra, India Mr. Chandrashekar M. Sane (Managing Director) |
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1) Date and description of instrument creating the change |
Agreement of
hypothecation dated 14.09.2005 for Rs.2.000 Millions hypothecation stozk
(Tangible Goods for demand overdraft account) and Book Debts Agreement as
security of company in favour of the vishweshwar Sahakari Bank Limited
Yamunanagar Nigdi for overdraft facility of Rs.2.000 Millions |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.2.000 Millions
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Stock and Debts
located at S No.125 Sane Chambers Nigdi Pune – 411044, India |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Temporary
overdraft facility of Rs.2.000 Millions |
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5) Name and Address and description of the person entitled to the charge. |
The Vishweshwar
Sahakari Bank Limited Yamunagar (Nigdi),
Talawade Branch Pune, India |
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6) Date and brief description of instrument modifying the charge |
NA |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
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Corporate
identity number of the company |
U74140PN1994PTC077510 |
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Name of the
company |
SRIROZ CONSULTANTS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Pune – 411044, Maharashtra, India |
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This form is for |
Creation of charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
The Vishweshwar
Sahakari Bank Limited 471/472, Gultekdi,
Market Yard, Yamunagar (Nigdi), Talawade Branch Pune - 411037, India |
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Nature of
instrument creating charge |
Hypothecation
deeds of Tangible Goods/ Movable Property |
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Date of instrument
Creating the charge |
28.03.2006 |
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Amount secured by
the charge |
Rs.4.000 Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interests
@12.00 p.a. Security Stock
and Book Debts |
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Particulars of
the property charged |
Hypothecation
Stock in Trade and Book Debts as per records maintained at the registered
office, Pune |
WEBSITE DETAILS:
PROFILE
- One and half
decade successful experience of designing, manufacturing and installation
of Greenhouse have made SRIROZ a pioneer, largest and leading company in
the field of Hi-Tech farming in India
- Installation
of above 600 acres of Greenhouses is enough to prove the quality, workmen
ship and commitment of SRIROZ to Floriculture Industry and perhaps the
only Indian company exporting Greenhouses.
- Company has
wide range of Greenhouses suitable for every crop and geographical
location. SRIROZ Greenhouses are designed for durability, high wind
velocity and well-known for sturdiness, maintenance free and are
reasonably priced.
- Their
technical know how and experty encourages farmers to adopt the hi-tech
farming than traditional agriculture practices to earn high and guaranteed
income. Their commitment doesn't end with the installation of Green houses
rather it continues till the project is viable.
- It is high
time to replace the traditional and conventional cropping with hi-tech
Greenhouse technology which in turn reflects into high yield, quality
produce and assured money.
- Do not take
their words, ask their numerous successful clients and join them in
adopting advance practices of hi-tech Agriculture.
ADVANTAGES
OF GREEN HOUSES:
- Cultivation and agriculture produces possible in all geographical
locations.
- To grow agricultural products in all geographical location.
- To get highest production and excellent quality of produces.
- Production is possible around the year, off season crop possible.
- Uniformity in sizes, colors and quality, which is vital advantage
in international market.
- Minimum cost of production with pest and disease free produces.
A greenhouses technology facilitate controlled and ideal
growing conditions for every crop in every climatic region which can produces
of international standards.
The basic parameters of plants growth are controlled inside
the greenhouses to enable researchers to experiment various parameters of
climates. The ideal growing conditions are created despite the adverse
conditions outside the greenhouses.
SERVICES:
- Feasibility and Project Reports for Bank Finance.
- Master planning of Floriculture Projects.
- Supply and Installation of Greenhouses.
- Supply of Planting Material.
- Turnkey Consultancy for Horticulture/ Floriculture projects.
- Marketing of Greenhouse produce.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.28 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.65.69 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|