MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUJATA COMPUTERS PRIVATE LIMITED |
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Registered Office : |
66/2 Guruchhaya Apartments, Nail Stop, Karve Road, Pune-411 004, Maharashtra. |
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Country : |
India |
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Financials (as
on) : |
31.03.2006 |
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Date of Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
25-13578 |
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CIN No.: [Company
Identification No.] |
U30007PN1999PTC013578 |
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Legal Form : |
Private limited liability company |
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Line of Business : |
Buyer and Seller of Computer Parts and Spare Parts. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 64000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having fine track. Their trade relations are fair. Payments are usually correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
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INFORMATION PARTED
BY
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Name : |
Mr. Shankar |
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Designation : |
Senior Accounts Manager |
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Date : |
04.07.2008 |
LOCATIONS
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Registered Office : |
66/2 Guruchhaya Apartments, Karve Road, Pune-411004 |
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Tel. No.: |
91-20-5435613/ 25435618/25410928/2543 5613/25443661 |
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Cell No. : |
91-20-25511172/25513454 (Mr. Santosh B. Phenany – Office Co-ordinator) |
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Fax No.: |
91-20-25443661 |
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E-Mail : |
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Web Site : |
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Area : |
3500 sq.ft. |
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Location : |
Owned |
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Branches : |
125/B - 1, Tathwade, Taluka : Mulshi, Ve Road, Pune – 411 033, Maharashtra , India |
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Tel. No.: |
91-20-25456259 |
DIRECTORS
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Name : |
Mr. Sumitlal M. Lodha |
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Designation : |
Director |
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Address : |
2nd Floor, Gandhali Apartments, Law College Road, Pune-41104 |
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Date of Birth/Age : |
12.03.1957 |
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Qualification : |
PHD |
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Date of Appointment : |
06.05.1999 |
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Name : |
Mrs. Sujata Sumatilala Lodha |
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Designation : |
Director |
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Address : |
2nd Floor, Gandhali Apartments, Law College Road, Pune-41104 |
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Date of Birth/Age : |
06.01.1963 |
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Date of Appointment : |
06.05.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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1. Mr.Sumatilal M. Lodha |
30000 |
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2. Mrs. Sujata Sumatilal Lodha |
22000 |
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TOTAL |
52000 |
All the shares are held by directors and their relatives.
BUSINESS DETAILS
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Line of Business : |
Buyer and Seller of Computer Parts and Spare Parts. |
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Products : |
Software Services |
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Imports : |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Wholesaler, Retailers, End Users |
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No. of Employees : |
80 |
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Bankers : |
Ř Bank of Maharashtra Karve Road, Pune Ř HDFC Bank Ř ICICI Bank Ř State Bank of Hyderabad |
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Facilities : |
Cash Credit Limit : Rs. 0.300 millions |
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Banking Relations
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Satisfactory |
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Auditors : |
· Ambekar &
Joshi, Chartered Accountants Mr. Anant Joshi, Partner · Doshi Ambedkar
and Company Chartered Accountants |
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Address : |
1176, Sadashiv Peth, Limayewadi, Pune-411 030, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Capital |
Rs. 10 each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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52000 |
Equity Capital |
Rs. 10 each |
Rs. 0.520 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
NOTE :
The company has not filed any financials after 2006 with the government department
and management declined to part the same.
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
0.520 |
0.520 |
0.520 |
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2] Share
Application Money |
0.306 |
0.306 |
0.306 |
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3] Reserves &
Surplus |
11.985 |
9.467 |
6.719 |
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NETWORTH
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12.811 |
10.293 |
7.545 |
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LOAN FUNDS |
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1] Secured Loans |
2.465 |
1.874 |
0.123 |
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2] Unsecured
Loans |
0.067 |
0.067 |
0.319 |
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TOTAL BORROWING
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2.532 |
1.941 |
0.442 |
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DEFERRED TAX
LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL
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15.343 |
12.234 |
7.989 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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4.448 |
4.364 |
3.252 |
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Capital work-in-progress
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0.000 |
0.000 |
0.000 |
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INVESTMENT
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0.661 |
0.572 |
0.554 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS &
ADVANCES
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Inventories
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10.749
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27.147 |
2.925 |
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Sundry Debtors
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29.535
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3.726 |
21.294 |
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Cash & Bank Balances
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2.976
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2.244 |
1.073 |
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Other Current Assets
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1.865
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0.995 |
0.000 |
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Loans & Advances
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0.058
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0.043 |
1.070 |
Total Current Assets
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45.183
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34.155 |
26.362 |
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Less :
CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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33.541
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25.093 |
20.804 |
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Provisions
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1.408
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1.764 |
1.378 |
Total Current Liabilities
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34.949
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26.857 |
22.182 |
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Net Current Assets
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10.234
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7.298 |
4.180 |
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MISCELLANEOUS EXPENSES
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0.000 |
0.000 |
0.003 |
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TOTAL
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15.343 |
12.234 |
7.989 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
30.03.2005 |
31.03.2004 |
Sales Turnover [including other
income]
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274.629 |
245.400 |
250.753 |
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Profit/(Loss) Before Tax
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3.923 |
2.775 |
3.094 |
Provision for Taxation
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1.300 |
0.000 |
1.100 |
Profit/(Loss) After Tax
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2.623 |
2.775 |
1.994 |
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Total Expenditure
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270.248 |
0.000 |
247.647 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%)
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0.95
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1.13 |
0.795 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.42
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1.13 |
1.233 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
26.71
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23.79 |
10.255 |
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Return on Investment (ROI) (PBT/Networth) |
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0.30
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0.26 |
0.410 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.92
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2.80 |
2.998 |
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Current Ratio (Current Asset/Current Liability) |
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1.29
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1.27 |
1.188 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
·
Data Care - Pune
Form 8 Particular for
creation or modification of charges
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Corporation identity number or foreign company registrations number of the company |
U30007PN1999PTC013578 |
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Name of the company |
SUJATA COMPUTERS PRIVATE LIMITED |
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Address |
66/2 Guruchhaya Apartments, Karve Road, Pune-411004, Maharashtra |
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This Form is for |
Modification of charge |
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Type of Charges |
Hypothecation |
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Particular of the charge holder |
Bank of Maharashtra Karve Road, Pune-411004, Maharashtra, India E-Mail : rashmi11_2000@yahoo.com |
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Amount Secure by the charge |
Rs.3.000 millions |
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Modification charge Charge identification number of the charge to be modified |
90085609 |
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Particulars of the Property charged |
66/2, Guruchaya Apartments, Karve Road, Pune-411004 |
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Brief Description of the instrument modifying the charge |
Composite deed of hypothecation |
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Particulars of present modification |
Cash credit limit has been enhanced for Rs.3.000 millions to Rs.5.000 millions |
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Name of the company |
SUJATA COMPUTERS
PRIVATE LIMITED |
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Presented By |
BANK OF MAHARASHTRA, KARVE
ROAD, PUNE |
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1) Date and description of instrument creating the change |
26.12.2003 FDBN/FDBP B.P./B.D. Agreement |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.300 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 |
Hypothecation of Company’s receivables, bills, hundies, cheques and other instruments with or without documents such as railway receipts, bill of lading, inland and foreign. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Repayable on demand Interest/ Commission at such rate determined by the Bank form time to time Bills purchased/negotiation limit |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Maharashtra Karve Road Branch Pune-411004 |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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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. |
N.A. |
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
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Indian Rupees |
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US Dollar |
1 |
Rs.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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45 |
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/normal. |
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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