MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPECIAL TOOLS PRIVATE LIMITED |
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Registered Office : |
B – 12, Top Floor, Kalindi, New Delhi, India |
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Country : |
India |
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Date of Incorporation : |
31.01.1984 |
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Com. Reg. No.: |
017460 |
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CIN No.: [Company
Identification No.] |
U74899DL1984PTC017460 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES21800C |
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PAN No.: [Permanent
Account No.] |
AAACD3583R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Automobile Part |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
In absence of financials from any sources, it would be difficult for
assess company’s performance and financial status. The company can be registered as per in Corporate Governance, as well. No payments or banking relations are available. Hence, the company can be considered for any business dealings on safe
and secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Arvind |
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Designation : |
Accountant Manager |
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Contact No.: |
91-9212044258 |
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Date : |
21.08.2008 |
LOCATIONS
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Registered Office : |
B – 12, Top Floor, Kalindi, New Delhi, India |
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E-Mail : |
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Factory 1 : |
Gate No. 145/152, Sanswadi, Tal Shirur, Pune – 412208, Maharashtra,
India |
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Tel. No.: |
91-20-412208 / 252564 |
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Factory 2 : |
1803, GIDC Industrial Estate, Halal, Baroda |
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Mob No.: |
91-9879529944 (Mr. Mehul Paresh) |
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DIRECTORS
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Name : |
Mr. Gagan Deep Gandhi |
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Designation : |
Director |
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Address : |
R – 2/221, Raj Nagar, Gaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
20.03.1974 |
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Date of Appointment : |
10.11.1993 |
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Name : |
Mr. Paramjeet Gandhi |
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Designation : |
Director |
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Address : |
R – 2/221, Raj Nagar, Gaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
10.10.1962 |
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Date of Appointment : |
20.06.1989 |
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Name : |
Mrs. Jasmin Gandhi |
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Designation : |
Director |
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Address : |
R – 4/63, Raj Nagar, Gaziabad – 201002, Uttar Pradesh, India |
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Date of Birth/Age : |
37 Years |
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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Mr. Gagan Deep Gandhi |
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1000 |
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Mrs. Jasmin Gandhi |
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6200 |
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Total |
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7200 |
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List of Share
Alloted |
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Sh. Yogesh Chopra |
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10 |
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Mrs. Ranjana Chopra |
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10 |
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Sh. Priyank Gupta |
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10 |
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Total |
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30 |
AS ON 30.09.2005
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Automobile Part |
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Products : |
Automobile Part |
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Terms : |
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Selling : |
Credit (60 Days) |
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Purchasing : |
Credit (60 Days) |
GENERAL
INFORMATION
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Customers : |
Automobile Company |
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No. of Employees : |
86 (Office – 36, Factory - 50) |
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Bankers : |
Oriental Bank of Commerce, Sahibabad Branch Central Bank of Commerce, SSI Branch Site – 5, Industrial Area,
Sahibabad, Gaziabad – 201001, Uttar Pradesh, India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
M/s. Pankaj Gupta Society. |
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Associates/Subsidiaries : |
PSPL Private Limited. |
CAPITAL STRUCTURE
AS ON 30.09.2005
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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750000 |
Equity Shares |
Rs. 10/- Each |
Rs.7.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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155400 |
Equity Shares |
Rs. 10/- Each |
Rs.1.554 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since corporation
of the company.
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2008 |
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Sales Turnover |
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110.000 |
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LOCAL AGENCY
FURTHER INFORMATION
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74899DL1984PTC017460 |
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Name of the
company |
SPECIAL TOOLS
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
B – 12, Top Floor, Kalindi, New Delhi, India |
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Type of charge |
Movable Property Other |
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Particular of
charge holder |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of term
loan (Doc - 5) dated 11.04.2008 |
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Date of instrument
Creating the charge |
11.04.2008 |
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Amount secured by
the charge |
Rs.12.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The rate of
interest shall be chargeable as per HO/RBI guidelines from time to time.
Presently the same is @ 12.75% p.a. with monthly rests. The term loan of
Rs.12.000 Millions shall also be secured by the entire moveable / immoveable
fixed / block / current assts of the company situated at plot no. 41/20 – 21
and 22 and site – iv, industrial area Sahibabad, plot no.1803, GDIC
industrial estate Halo Dist. Panchamahal (Gujarat) and gala no.125 and 148
sanaswadi, sarhirrur dist. Pune or else where. Terms of
Repayment The term loan
shall be repaid in 60 EMI of Rs.0.271 million each. We.f. next month of the
list disbursement. Margin 20% Extent and
Operation of the charge 100% |
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Short particulars
of the property charged |
Hypothecation of plant
and machinery purchased or to be purchased out of bank finance total costing
of Rs.15.000 Millions |
Trade Reference
- Kaparo
Private Limited - Halal
- Subros
Limited – Noida, Manesar
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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12 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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