MIRA
INFORM REPORT
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Report Date : |
27.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEW – TRADELINK IMPEX PRIVATE LIMITED |
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Registered Office : |
Agarwal Compound, Nariwadi, Kherani Road, Sakinaka, Andheri ( East),
Mumbai-400072, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
25.04.2005 |
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Com. Reg. No.: |
11-152818 |
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CIN No.: [Company
Identification No.] |
U51909MH2005PTC152818 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN12992A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer and Indentor of Rubber and Plastic Raw Material |
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 95000 |
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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 meeting its normal
commitments timeously. Trade relations are fair. Business is active. Nothing
adverse reported. The company can be considered good for normal business dealings. The management declined to part with any details despite several
follow-ups |
LOCATIONS
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Registered Office : |
Agarwal Compound, Nariwadi, Kherani Road, Sakinaka, Andheri ( East),
Mumbai-400072, Maharashtra |
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Tel. No.: |
91-22-28562406/ 28560218/ 28525502 |
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Fax No.: |
91-22-28524930 |
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E-Mail : |
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Corporate Office : |
Gala No. 6B, Aazmi Compound, Durga Mandir Kane, Kherani Road,
Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Shyam Sunder Agarwal |
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Designation : |
Director |
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Address : |
Nairwadi, Fatehpuria Compound, Khairani Road, Sakinaka, Andheri (
East), Mumbai-400072, Maharashtra, India |
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Date of Birth/Age : |
05.12.1960 |
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Date of Appointment : |
01.12.2006 |
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Other Directorship: |
Saicon Steel Private Limited U27100MH2003PTC143498 |
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Name of Sole Proprietorship firm: |
Swastik Iron and Sheet Traders |
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Name : |
Mr. Nandan Vishwanath Agarwal |
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Designation : |
Director |
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Address : |
A-602, Sagar Tower, Saibaba Nagar, Mira Road, Thane-401107,
Maharashtra, India |
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Date of Birth/Age : |
24.10.1976 |
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Date of Appointment : |
03.03.2008 |
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Name : |
Mr. Chandan Vishwanath Agarwal |
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Designation : |
Director |
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Address : |
A-602, Sagar Tower, Saibaba Nagar, Mira Road, Thane-401107,
Maharashtra, India |
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Date of Birth/Age : |
02.10.1975 |
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Date of Appointment : |
03.03.2008 |
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Name : |
Mr. Ratan Agarwal |
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Designation : |
Director |
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Address : |
A-401, Venus Apartment, Geeta Nagar, Behind Old Petrol Pump, Mira
Bhayandar Road, Mira Road ( East), District Thane-401107, Maharashtra, India |
KEY EXECUTIVES
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Name : |
Mr. Vikram Rathod |
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Designation : |
Company Secretary |
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Address : |
30, J P Road, Andheri ( West), Mumbai-400058, Maharashtra, India |
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E Mail : |
SHAREHOLDING
PATTERN
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Indentor of Rubber and Plastic Raw Material |
GENERAL
INFORMATION
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Bankers : |
Development Credit Bank Limited, Bandra (West), Mumbai, Maharashtra,
India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mrs. Arun Bagaria Chartered Accountant |
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Address : |
101, Tripta Sadan, Shantawadi, J P Road, Andheri ( West),
Mumbai-400058, Maharashtra, India |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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400000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs. 10/-
each |
Rs. 4.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.000 |
4.000 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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15.093 |
14.039 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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19.093 |
18.039 |
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LOAN FUNDS |
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1] Secured Loans |
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10.879 |
22.526 |
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2] Unsecured Loans |
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3.331 |
7.800 |
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TOTAL BORROWING |
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14.210 |
30.326 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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33.303 |
48.365 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.214 |
3.264 |
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Capital work-in-progress |
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2.300 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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9.504
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12.437 |
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Sundry Debtors |
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20.816
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24.928 |
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Cash & Bank Balances |
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8.408
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6.588 |
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Other Current Assets |
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0.000
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0.000 |
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Loans & Advances |
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8.122
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8.378 |
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Total
Current Assets |
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46.850
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52.331 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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18.468
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7.118 |
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Provisions |
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0.721
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0.196 |
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Total
Current Liabilities |
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19.189
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7.314 |
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Net Current Assets |
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27.661
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45.017 |
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MISCELLANEOUS EXPENSES |
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0.128 |
0.084 |
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TOTAL |
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33.303 |
48.365 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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97.104 |
32.674 |
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Other Income |
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0.870 |
0.093 |
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Total Income |
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97.974 |
32.767 |
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Profit/(Loss) Before Tax |
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1.554 |
0.585 |
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Provision for Taxation |
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0.500 |
0.196 |
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Profit/(Loss) After Tax |
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1.054 |
0.389 |
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Expenditures : |
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Increase/(Decrease) in Finished Goods |
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[2.933] |
[12.437] |
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Other Expenditure |
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93.487 |
44.619 |
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Total Expenditure |
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96.420 |
32.182 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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1.08 |
1.19 |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.60 |
1.79 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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3.10 |
1.05 |
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Return on Investment (ROI) (PBT/Networth) |
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0.08 |
0.03 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.75 |
2.09 |
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Current Ratio (Current Asset/Current Liability) |
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2.44 |
7.15 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
NEW – TRADELINK IMPEX PRIVATE LIMITED |
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Presented By |
Development
Credit Bank Limited, Credit Administration Department, Bandra (West),
Mumbai-400050, Maharashtra, India |
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1) Date and description of instrument creating the change |
Deed of
Hypothecation Dated 03.12.2005 Letter of
Regrating Dated 03.12.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 63.500
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 |
The whole of the
movable properties of the Borrower including its movable plant and machinery.
Machinery spare parts tools and accessories. Futures and fixtures, stocks in
trade, finished goods, goods in process, raw materials, book debts and other
movables. Both present and future whether installed or not whether now lying
loose or in cases or which are now lying or stored for all the borrowers
factrories, premises and godowns or wherever else the same movable by any
party to the order of disposition of the Borrower or in the course of
transaction on the seas or on order, or delivery. However and where so ever
in the possession of the borrower either by way of substitution or addition.
Actionable claims, amounts due and receivables any contract or otherwise. Equitable
Mortgage created by depositing the title deeds and documents of property described
at Schedule II No.2 as all that piece or parcel of the flat no. 703 “A” Wing,
on the 7th Floor admeasuring 902.8 sq.ft built-up area in the
building known as “Crown” at Kandivali standing on land being plot No. –C
bearing City Survey No. 167/ B. Survey No. 109 (PT) 148 (PT) of Vilage
Megathane, Taluka Borivali, District Mumbai |
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4) Gist of the terms and conditions and extent and operation of the charge. |
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5) Name and Address and description of the person entitled to the charge. |
Development
Credit Bank Limited, Credit Administration Department, Bandra (West), Mumbai-400050,
Maharashtra, 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 |
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 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.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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. |
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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