1. Summary Information
|
|
|
Country |
|
|
Company Name |
SKH METALS LIMITED |
Principal Name 1 |
MR. ASHOK KAPUR |
|
Status |
GOOD |
Principal Name 2 |
MR. SUNANDAN KAPUR |
|
|
|
Registration # |
05-23655 |
|
Street Address |
PLOT NO. 2, MARUTI JOINT VENTURE COMPLES, GURGAON-122015, |
||
|
Established Date |
18.03.1986 |
SIC Code |
-- |
|
Telephone# |
91-124-5017612/ 621/ 4017613 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-124-2341317 |
Business Style 2 |
EXPORTER |
|
Homepage |
-- |
Product Name 1 |
SHEET METAL COMPONENTS |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.
54,300,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE (99.61%) DIRECTORS OR RELATIVES OF DIRECTORS (0.04%) OTHER TOP FIFTY (50) Shareholders (0.35%) |
Banking |
STANDARD
CHARTERED BANK |
|
Public Limited Corp. |
-- |
Business Period |
25 YEARS |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
JOINTVENTURE |
|
SKH SILA INDIA PRIVATE LIMITED |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,047,302,000 |
Current Liabilities |
1,282,840,000 |
|
Inventories |
596,254,000 |
Long-term Liabilities |
2,056,401,000 |
|
Fixed Assets |
1,894,020,000 |
Other Liabilities |
170,139,000 |
|
Deferred Assets |
000 |
Total Liabilities |
3,509,380,000 |
|
Invest& other Assets |
599,973,000 |
Retained Earnings |
573,869,000 |
|
|
|
Net Worth |
628,169,000 |
|
Total Assets |
4,137,549,000 |
Total Liab. & Equity |
4,137,549,000 |
|
Total Assets (Previous Year) |
3,836,534,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
5,790,513,000 |
Net Profit |
207,231,000 |
|
Sales(Previous yr) |
4,710,425,000 |
Net Profit(Prev.yr) |
73,809,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SKH METALS LIMITED |
|
|
|
|
Formerly Known As : |
MARK AUTO INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
Plot No. 2, Maruti Joint Venture Comples, Gurgaon-122015, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
18.03.1986 |
|
|
|
|
Com. Reg. No.: |
05-23655 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 54.300
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74130HR1986PLC023655 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer, Suppliers and Exporter of Sheet Metal Components |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to regular and as per
commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No. 2, Maruti Joint Venture Comples, Gurgaon-122015, |
|
Tel. No.: |
91-124-5017612/ 621/ 4017613/ 4017620/ 4823000 |
|
Fax No.: |
91-124-2341317/ 4823065 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
39th Miles Stone, NH-8, Village- Begumpur Khatola,
Gurgaon-122001, |
|
|
|
|
Factory 3 : |
Plot No. 13 and 24 of Plot No. 1, |
DIRECTORS
As on 01.09.2010
|
Name : |
Mr. Ashok Kapur |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
B-5, Chirag Enclave, |
|
Date of Birth/Age : |
24.06.1946 |
|
Date of Appointment : |
14.05.2005 |
|
DIN No.: |
00003577 |
|
|
|
|
Name : |
Mr. Sunandan Kapur |
|
Designation : |
Managing Director |
|
Address : |
B-5, Chirag Enclave, |
|
Date of Birth/Age : |
21.08.1974 |
|
Qualification: |
BBA |
|
Experience: |
10 Years |
|
Date of Appointment : |
14.05.2005 |
|
Last Employment: |
Krishna Maruti Limited |
|
DIN No.: |
00003638 |
|
|
|
|
Name : |
Shinzo Nakanishi |
|
Designation : |
Nominee Director |
|
Address : |
Room No. -545, Hotel Ashok, Chankyapuri, New Delhi-110021, |
|
Date of Birth/Age : |
14.09.1947 |
|
Date of Appointment : |
28.01.2008 |
|
DIN No.: |
00108491 |
|
|
|
|
Name : |
Mr. Sanjay Mohan Labroo |
|
Designation : |
Director |
|
Address : |
Khasra No. – 79/9 and 10 Nearkishangarh Behindsect – III Vasantkunj,
New Delhi-110070 |
|
Date of Birth/Age : |
05.10.1961 |
|
Date of Appointment : |
14.05.2005 |
|
DIN No.: |
00009629 |
|
|
|
|
Name : |
Mr. Aroon Purie |
|
Designation : |
Director |
|
Address : |
6 Palam Marg, Vasant Vihar, New Delhi-110057, |
|
Date of Birth/Age : |
29.12.1944 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00002794 |
|
|
|
|
Name : |
Mr. Sudam Maitra |
|
Designation : |
Director |
|
Address : |
4155 Sector – B, Pocket-5 and 6 Vasant Kunj, New Delhi-110070, |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
14.05.2005 |
|
DIN No.: |
00035398 |
|
|
|
|
Name : |
Mr. Yolichi Kojima |
|
Designation : |
Director |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
02973263 |
|
|
|
|
Name : |
Mr. Jagdish Khattar |
|
Designation : |
Director |
|
Address : |
N-128A, |
|
Date of Birth/Age : |
18.12.1942 |
|
Date of Appointment : |
24.05.2005 |
|
Date of Ceasing: |
19.12.2007 |
|
|
|
|
Name : |
Toshiaki Tashiro |
|
Designation : |
Nominee Director |
|
Address : |
D-109, Anand Niketan New Delhi-110029, |
|
Date of Birth/Age : |
25.10.1964 |
|
Date of Appointment : |
26.07.2008 |
|
Date of Ceasing: |
03.03.2010 |
|
DIN No.: |
01960051 |
|
|
|
|
Name : |
Mr. Hirofumi Nagao |
|
Designation : |
Director |
|
Address : |
Room No. -307, Hotel Ashok, Chankyapuri, New Delhi-110021, |
|
Date of Birth/Age : |
10.06.1953 |
|
Date of Appointment : |
14.05.2005 |
|
Date of Ceasing: |
20.06.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Shiv Ram Singh |
|
Designation : |
Secretary |
|
Address : |
Plot No. -847/1, Mata Chowk, Mahipalpur, New Delhi-110037, |
|
Date of Birth/Age : |
02.02.1973 |
|
Date of Appointment : |
02.04.2007 |
|
PAN No.: |
BACPS1599H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
ABR Auto Private Limited, |
|
10 |
|
Ashok Kapur |
|
10 |
|
Arti Kapur |
|
10 |
|
Arveinder Singh Barara |
|
10 |
|
Ashok Kumar Kohli |
|
10 |
|
Asian Paints ( |
|
10 |
|
Brijesh Patel |
|
10 |
|
|
|
10 |
|
Eltex Rudy Limited, |
|
10 |
|
Gajnoor Srivinas Rao |
|
10 |
|
K.P.S. Gill (Karta) |
|
10 |
|
Maruti Suzuki India Limited, |
|
10 |
|
Mundhawa Investments Limited, Pune, |
|
10 |
|
Nalini Bhasin |
|
10 |
|
R |
|
10 |
|
Ram Narayan Kohli |
|
10 |
|
Ravela Indira Sarojini |
|
10 |
|
Ravela Mrinalini |
|
10 |
|
Ritu Kaushal |
|
10 |
|
S R Srivastava |
|
10 |
|
Shreya Jain |
|
10 |
|
Shruti Kapur |
|
10 |
|
Sunandan Kapur |
|
10 |
|
Sage Investment Limited, |
|
10 |
|
Umesh Chanbdra Aggarwal |
|
10 |
|
Urmil Bhargava |
|
10 |
Equity Share Breakup (Percentage of Equity)
As on 30.09.2010
|
Category |
|
Percentage of
Holding |
|
Bodies Corporate (not mentioned above) |
|
99.61 |
|
Directors or relatives of
directors |
|
0.04 |
|
Other top fifty (50) shareholders (Other than listed above) |
|
0.35 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Suppliers and Exporter of Sheet Metal Components |
||||||
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|
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||||||
|
Products : |
|
PRODUCTION STATUS AS ON (31.03.2010)
|
Particulars |
Unit |
|
|
Actual
Production |
|
Components/Exhaust Systems/Sub Assemblies |
Nos. |
|
|
53,390,918 |
GENERAL INFORMATION
|
Bankers : |
·
Corporation Bank, Industrial Finance Branch,
16/10, 1st Floor, Main Arya Samj Road, New Delhi-110005, ·
State Bank of Travancore ·
State Bank of ·
Mizuho Corporate Bank Limited, 4th
Floor, East Tower, Sood Tower, 25, Barakahamba Road, New Delhi-110001, India ·
HDFC Bank ·
Yes Bank ·
Standard Chartered Bank , Credit Risk Control,
Nariman Manzil, 23 Barakahamba Road, New Delhi-110001, India |
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
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Banking
Relations : |
-- |
|
|
|
|
Statutory Auditors : |
|
|
Name : |
Uberoi Sood And Kapoor Chartered Accountant |
|
Address : |
606, Vishal Bhavan, 95, |
|
Te. No.: |
91-11-26416942/ 26429297 |
|
Fax No.: |
91-11-26480027 |
|
E – mail: |
|
|
|
|
|
Internal Auditors : |
|
|
Name : |
LD and Associates Charetered Accountant |
|
Address : |
|
|
|
|
|
Enterprises over
which Key Managerial Personnel exercise significant influence: |
|
|
|
|
|
Joint venture: |
|
|
|
|
|
Associates: |
Kuma Stainless Tubes Limited (Ceased to be an associate of the company
w.e.f.24.07.09) |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5430000 |
Equity Shares |
Rs. 10/- each |
Rs. 54.300
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
54.300 |
54.300 |
54.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
573.869 |
366.638 |
292.830 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
628.169 |
420.938 |
347.130 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2006.401 |
2012.899 |
969.968 |
|
|
2] Unsecured Loans |
50.000 |
202.021 |
13.426 |
|
|
TOTAL BORROWING |
2056.401 |
2214.920 |
983.394 |
|
|
DEFERRED TAX LIABILITIES |
143.118 |
128.050 |
90.658 |
|
|
|
|
|
|
|
|
TOTAL |
2827.688 |
2763.908 |
1421.182 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1894.020 |
1835.290 |
845.483 |
|
|
Capital work-in-progress |
539.783 |
190.186 |
232.671 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.190 |
69.532 |
25.014 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
Pre Operative Pending Allocation to fixed assets |
0.000 |
0.000 |
22.273 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
596.254
|
687.512 |
364.985
|
|
|
Sundry Debtors |
522.790
|
675.529 |
455.569
|
|
|
Cash & Bank Balances |
46.774
|
40.340 |
1.571
|
|
|
Other Current Assets |
0.959
|
2.315 |
0.011
|
|
|
Loans & Advances |
476.779
|
335.830 |
159.836
|
|
Total
Current Assets |
1643.556
|
1741.526 |
981.972
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
901.969
|
947.972 |
577.319
|
|
|
Other Current Liabilities |
380.871
|
108.103 |
94.233
|
|
|
Provisions |
27.021
|
16.551 |
17.383
|
|
Total
Current Liabilities |
1309.861
|
1072.626 |
688.935
|
|
|
Net Current Assets |
333.695
|
668.900 |
293.037
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
2.704 |
|
|
|
|
|
|
|
|
TOTAL |
2827.688 |
2763.908 |
1421.182 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5790.513 |
4710.425 |
3460.757 |
|
|
|
Other Income |
535.520 |
211.755 |
165.317 |
|
|
|
TOTAL (A) |
6326.033 |
4922.180 |
3626.074 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
5007.636 |
3984.998 |
2947.671 |
|
|
|
Personnel Expenses |
400.933 |
308.516 |
224.256 |
|
|
|
Other Expenses |
277.706 |
242.196 |
166.160 |
|
|
|
Miscellaneous Expenses written off |
8.654 |
6.439 |
0.935 |
|
|
|
TOTAL (B) |
5694.929 |
4542.149 |
3339.022 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
631.104 |
380.031 |
287.052 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
223.183 |
150.693 |
89.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
407.921 |
229.338 |
197.070 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
177.375 |
114.670 |
66.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
230.546 |
114.668 |
130.526 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.315 |
40.859 |
46.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
207.231 |
73.809 |
83.901 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
250.097 |
176.289 |
92.388 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
457.328 |
250.098 |
176.289 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
76.296 |
81.257 |
94.689 |
|
|
TOTAL EARNINGS |
76.296 |
81.257 |
94.689 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
82.748 |
128.251 |
344.984 |
|
|
|
B.O.C |
62.478 |
130.955 |
186.245 |
|
|
|
Plant and Machinery (Capital Goods) |
165.287 |
78.551 |
55.878 |
|
|
TOTAL IMPORTS |
310.513 |
337.757 |
587.107 |
|
|
|
|
|
|
|
|
|
|
Basic/ Diluted
Earnings Per Share (Rs.) |
38.16 |
13.59 |
15.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.28
|
1.50 |
2.31
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.98
|
2.43 |
3.77
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.52
|
3.21 |
7.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.27 |
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.36
|
7.81 |
4.82
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.62 |
1.43
|
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL HIGHLIGHTS
The gross revenue (net of excise) of the company
for the year was Rs. 6326.033 Millions as against Rs. 4922.180 Millions in
previous year showing an impressive growth of 28.5%. Earnings before interest,
depreciation, tax and amortization (EBIDTA) stood at Rs. 639.758 Millions
against Rs. 386.470 Millions in the previous year thereby recording a jump of
65.5% and profit after tax in current year increased to Rs. 207.230 Millions as
compared to Rs 73.808 Millions in the previous year.
This growth is mainly attributed to growth of
the joint venture partner Maruti Suzuki India Limited which has become first
car manufacture in
DEVELOPMENT OF NEW PRODUCTS
The company is having well equipped Design
and Development department completely focusing on design and development of new
products. The company has latest Computer Aided Designing technology, outfitted
with Unigraphics and Auto Cad for the designing and reengineering of products.
A team of creative and experienced engineering professionals ensure the
development of wide range of sheet metal products for varied applications in
short lead times.
The company was selected by Maruti Suzuki
India Limited and Suzuki Powertrain India Limited, main customers of the
company, for the development of various new sheet metal components and
assemblies such as frame front suspension, fuel tanks, axle housing, and other
reinforcements and mountings for the new cars manufactured by them. All the
products assigned to the Company have been timely developed
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74130HR1986PLC023655 |
|
Name of the
company |
SKH METALS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 2, Maruti Joint Venture Comples, Gurgaon-122015, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Standard Chartered Bank , Credit Risk Control, Nariman Manzil, 23 Barakahamba
Road, New Delhi-110001, India |
|
Nature of
instrument creating charge |
Unattested
Memorandum of Hypothecation |
|
Date of
instrument Creating the charge |
04.05.2011 |
|
Amount secured by
the charge |
Rs. 405.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Facility
advice letter dated 25.04.2011 to be amended from time to time. Terms of Repayment
As per Facility
advice letter dated 25.04.2011 to be amended from time to time Margin As per Facility
advice letter dated 25.04.2011 to be amended from time to time Extent and
Operation of the charge Pari passu charge Others The security by way
of first pari passu charge over movable fixed assets has been created in
favour of SCB for the purpose of securing of ECB facility to the extent of US
9000000 (Facility AMT) granted to company for the purpose of filling form 8,
facility amount equivalent in INR ahs been calculated at the Rs. 45/- each
per US $ |
|
Short particulars
of the property charged |
Hypothecation by
way of first pari passu charge over all present and future of the movable
fixed assets of the company including without limitation its movable plant
and machinery, Furniture and fittings, equipments, computer hardware,
computers software, machinery spares tools and accessories and other movables
etc. except fixed assets of manesar unit and tools and dies procured on
credit sale/ financial lease of MSIL stores or be stored at company’s godowns
or premises or wherever else the same may be. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80037446 |
|
Corporate identity
number of the company |
U74130HR1986PLC023655 |
|
Name of the
company |
SKH METALS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 2, Maruti Joint Venture Comples, Gurgaon-122015, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Corporation Bank, Industrial Finance Branch, 16/10, 1st Floor,
Main Arya Samj Road, New Delhi-110005, |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Common Deed of Hypothecation of Movables/ Assets / Debts |
|
Date of
instrument Creating the charge |
19.01.2009 |
|
Amount secured by
the charge |
Rs. 710.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit WCDL :
12% p.a. (COBAR – 2%) At Present Sub Total Revision From Time to Time Ahodc CC : 13%
p.a. (COBAR + 0.50%) At Present Sub To Revision form time to time FDN / P/D :
Transit Period under D/P Bills and UP to 90 Days form DT of ADV for D/A Bills
11% p.a. Beyond 90 Days and UP to 6
months 13% p.a. at present sub. To revision from time to time. FCDL: To be
decided based on Market related rates at the time to availment. PCL: Up to 180
days – 11% p.a. subject revision form time to time. Terms of
Repayment As per Term of
Sanction Margin As per Term of
Sanction Extent and
Operation of the charge CC/WCD/FDBN/P/D/
Impoort/ Inland L/C cum BG 1. First pari passu charge on stocks, B/DS and
Other C/A of the Others 1. Lease hold land measuring 10800 sq, m.
Plot No. 2, Maruti Joint Venture Complex, Gurgaon, 2. Free 3. Free hold land measuring 49 Kanal and 5
Marlas in village patherdi, Tehsil and District Gurgaon with alls building
and structures constructed to be constrtucted thereon and all plant and
machinery attached to the earth, fixture and fittings erected/ Installed or
be rected/ installed thereon. |
|
Short particulars
of the property charged |
|
|
Date of latest modification
prior to the present modification |
26.09.2008 |
Fixed Assets:
·
Furniture and Fixture
·
Office Equipments
·
Plant and Machinery
·
Computer
·
Vehicles
·
·
·
Lease Asserts
·
Free Hold
·
Vehicles (MSIL)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.45.21 |
|
|
1 |
Rs.73.51 |
|
Euro |
1 |
Rs.64.76 |
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 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.