MIRA
INFORM REPORT
|
Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
NIPRA INDUSTRIES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
44/126, Amli Village, Opposite 66 KVA Station, Amli, Dadra and Nagar Haveli, Silvassa–396 230, Union Territory |
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|
Country : |
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|
|
|
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Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
27.07.1999 |
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|
|
|
Com. Reg. No.: |
54–000142 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36900DN1999PTC000142 |
|
|
|
|
IEC No.: |
0395008841 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMN06682E |
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|
|
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PAN No.: [Permanent Account No.] |
AAACN9372K |
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|
Legal Form : |
Private Limited
Liability Company |
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|
Line of Business
: |
Manufacturer
and Supplier of Printed Aluminium Sheets P. P. Caps, M.S. Sheets i.e. Spirit
Closures, Wine Closures |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 390000 |
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track records.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for 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.
INFORMATION PARTED BY
|
Name : |
Mr. Sambhukumar Jain |
|
Designation : |
Director |
|
Contact No.: |
91-22-40308999 |
|
Date : |
30.11.2011 |
LOCATIONS
|
Registered Office : |
44/126, Amli Village, Opposite 66 KVA Station, Amli, Dadra and Nagar Haveli, Silvassa–396 230, Union Territory, India |
|
Tel. No.: |
91-250-2642676 / 2673076 |
|
Mobile No. : |
91-9930363793 (Mr. Kishore) |
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Fax No.: |
91-250-2642477 |
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E-Mail : |
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|
Website : |
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|
Area : |
50000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head
/Administrative Office : |
35-K, Laxmi Industrial Estate, New Link Road, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26366848 / 26366850 / 40308999 |
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Fax No.: |
91-22-26364715 |
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E-Mail : |
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|
Website : |
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Area: |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 43 and 44-126, Amli Industrial Estate, Amli, Silvassa–396230, Dadra and Nagar Haveli, Union Territory, India |
|
Tel No.: |
91-260-3296031 |
|
Fax No.: |
91-260-2642477 |
|
Email : |
|
|
Location : |
Owned |
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|
|
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Factory 2 : |
Plot No. A, Khasra No. 119, Village |
|
Tel. No.: |
91-1332-321700 |
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Fax No.: |
91-1332-235290 |
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E-Mail : |
|
|
Area : |
Owned |
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|
|
|
Factory 3 : |
Plot No. 5, Phase II, Government Industrial Estate Piparia- Silvassa, Union
Territory, India |
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E-Mail : |
|
|
Area : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Prakash Gigalal Jain |
|
Designation : |
Chairman and Managing
Director |
|
Address : |
9, Parag Apartments, J P Road, Versova, Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1956 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
27.07.1999 |
|
DIN No.: |
00074573 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U28129MH1984PTC031898 |
ORBIT
PACKAGINGS PRIVATE LIMITED |
Managing
director |
20-01-84 |
20-01-84 |
- |
Active |
NO |
|
2 |
U65990MH1984PTC033133 |
VIPRA
CLOSURES PRIVATE LIMITED |
Whole-time
director |
13-06-84 |
13-06-84 |
05-02-10 |
Active |
NO |
|
3 |
U45200MH1984PTC033894 |
SILVASSA
ESTATES PRIVATE LIMITED |
Director |
20-07-87 |
20-07-87 |
- |
Active |
NO |
|
4 |
U36900DN1999PTC000142 |
NIPRA
INDUSTRIES PRIVATE LIMITED |
Managing
director |
01-11-09 |
27-07-99 |
- |
Active |
NO |
|
Name : |
Mr. Nirmal Gigalal Jain |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
15.10.1957 |
|
Qualification : |
M.com |
|
Date of Appointment : |
01.11.2002 |
|
DIN No.: |
00060311 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U45200MH1984PTC033894 |
SILVASSA
ESTATES PRIVATE LIMITED |
Director |
30-08-84 |
30-08-84 |
Active |
NO |
|
2 |
U15200MH1986PTC041780 |
VANDHARA
RESORTS PRIVATE LIMITED |
Managing
director |
03-12-86 |
03-12-86 |
Active |
NO |
|
3 |
U24100MH1980PTC022105 |
MEXIN
MEDICAMENTS PRIVATE LIMITED |
Director |
28-05-91 |
28-05-91 |
Active |
NO |
|
4 |
U17110MH1988PTC048164 |
SHREE
SAILONE SYNTHETICS PRIVATE LIMITED |
Director |
09-03-93 |
09-03-93 |
Active |
NO |
|
5 |
U28129MH1985PTC035974 |
NIPRA
PACKAGING PRIVATE LIMITED |
Director |
09-08-11 |
01-06-93 |
Active |
NO |
|
6 |
U45200MH1982PTC027623 |
SEA
MIST PROPERTIES PRIVATE LIMITED |
Director |
26-04-96 |
26-04-96 |
Active |
NO |
|
7 |
U36900DN1999PTC000142 |
NIPRA
INDUSTRIES PRIVATE LIMITED |
Director |
01-11-09 |
01-05-02 |
Active |
NO |
|
8 |
U55200MH1992NPL065428 |
HOTEL
ASSOCIATION OF DADRA AND NAGAR HAVELI DAMAN AND DIU |
Director |
15-10-03 |
15-10-03 |
Active |
NO |
|
Name : |
Mr. Sambhu Kumar Rikabchand Jain |
|
Designation : |
Whole Time Director |
|
Address : |
C – 112, Dheeraj Kirti Co-operative Housing Society, New Link Road, Mithchowky, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1966 |
|
Qualification: |
C.A, LLB |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02118104 |
|
|
|
|
Name : |
Mrs. Sulbha Prakash Jain |
|
Designation : |
Director |
|
Address : |
9, Parag Apartments, J P Road, Versova, Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1954 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
00137771 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U28129MH1984PTC031898 |
ORBIT
PACKAGINGS PRIVATE LIMITED |
Whole-time
director |
30-03-07 |
01-12-90 |
- |
Active |
NO |
|
2 |
U25200MH1982PTC028565 |
JAIN
PACKAGING PRIVATE LIMITED |
Whole-time
director |
01-08-97 |
01-08-97 |
01-11-09 |
Active |
NO |
|
3 |
U65990MH1984PTC033133 |
VIPRA
CLOSURES PRIVATE LIMITED |
Whole-time
director |
01-04-07 |
13-06-06 |
05-02-10 |
Active |
NO |
|
4 |
U36900DN1999PTC000142 |
NIPRA
INDUSTRIES PRIVATE LIMITED |
Director |
30-09-10 |
01-11-09 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Prakash Gigalal Jain |
127200 |
|
Nirmal Gigalal Jain |
10 |
|
Nikhil Jain |
200 |
|
Sulabha Jain |
22590 |
|
Total |
150000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Supplier of Printed Aluminium Sheets P. P. Caps, M.S. Sheets i.e. Spirit
Closures, Wine Closures |
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Products : |
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Terms : |
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Selling : |
L/C, Cash |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Metal Sheet/
Aluminium Sheets |
MT |
3000 |
-- |
|
P. P. Caps |
Nos. |
18000 |
164329 |
|
Tin Containers/ Components |
Nos. |
3000 |
-- |
|
Coated / Printed / Cut to Size Atum Sheet |
MT |
-- |
2511 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers ·
UB Group |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
· The Shamrao Vithal Co-operative Bank Limited, Branches :- Mumbai, Nashik,
Silvassa, Goa and · Corporation Bank, SME Marol Branch, Sahar Bonanza Plaza Complex, Andheri Kurla Road, Andheri East, Mumbai – 400059, Maharashtra, India · Times Bank, Silvassa Branch, Silvassa · The Centurion Bank Limited, Mumbai · HDFC Bank Limited, Mumbai |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Jain and Kothari Chartered Accountant |
|
Address : |
43, |
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Tel. No.: |
91-22-22663342 |
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Fax No.: |
91-22-22660267 |
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E-Mail : |
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PAN No.: |
AACFJ6082B |
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|
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|
Other Related Parties : |
·
Sharp Packaging ·
Oscar Industries ·
Jain Packaging Private Limited ·
Orbit Packaging Private Limited ·
Vndhara Resorts Private Limited ·
Kaygoo Loparex private Limited ·
Cosmos Machinery Company |
|
|
|
|
Sister Concern : |
§
Jain Packaging Private Limited 35-K, Laxmi Industrial Estate,
New Line of Business: Printed Aluminium Sheets |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Note:
Out of above 45000 shares (October-99) were
issued for consideration other than cash and 105000 shares (March-02) were issued
as bonus shares by capitalization of Accumulated Surplus
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
83.592 |
72.339 |
62.706 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
98.592 |
87.339 |
77.706 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
115.625 |
65.695 |
120.477 |
|
|
2] Unsecured Loans |
2.015 |
4.248 |
0.286 |
|
|
TOTAL BORROWING |
117.640 |
69.943 |
120.763 |
|
|
DEFERRED TAX LIABILITIES |
1.411 |
1.129 |
1.271 |
|
|
|
|
|
|
|
|
TOTAL |
217.643 |
158.411 |
199.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.863 |
56.294 |
59.985 |
|
|
Capital work-in-progress |
17.937 |
0.000 |
1.972 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.250 |
0.250 |
0.250 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
58.702
|
31.097
|
22.889 |
|
|
Sundry Debtors |
184.368
|
157.448
|
148.072 |
|
|
Cash & Bank Balances |
4.824
|
3.177
|
7.158 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
18.551
|
17.340
|
12.139 |
|
Total
Current Assets |
266.445
|
209.062 |
190.258 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
124.918
|
96.315
|
47.152 |
|
|
Other Current Liabilities |
9.250
|
8.475
|
4.827 |
|
|
Provisions |
(0.316)
|
2.405
|
0.746 |
|
Total
Current Liabilities |
133.852
|
107.195 |
52.725 |
|
|
Net Current Assets |
132.593
|
101.867 |
137.533 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
217.643 |
158.411 |
199.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
632.066 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
640.309 |
569.759 |
632.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
616.759 |
547.283 |
618.323 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.550 |
22.476 |
13.743 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.029 |
7.495 |
7.623 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.521 |
14.981 |
6.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.268 |
5.348 |
2.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.253 |
9.633 |
4.022 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.839 |
2.706 |
3.684 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
7.500 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6.092 |
4.839 |
2.706 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.772 |
21.192 |
110.719 |
|
|
|
Capital Goods |
5.788 |
0.000 |
1.784 |
|
|
TOTAL IMPORTS |
6.560 |
21.192 |
112.503 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
75.00 |
64.22 |
27.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.76
|
1.69 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.66
|
5.65 |
2.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.17 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.57
|
2.04 |
2.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.95 |
3.61 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
124.918
|
96.315
|
47.152 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------ |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
No |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
FORM 8
|
Corporate
identity number of the company |
U36900DN1999PTC000142 |
|
Name of the company
|
NIPRA INDUSTRIES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
44/126, Amli Village, Opposite 66 KVA Station, Amli, Dadra and Nagar Haveli, Silvassa–396 230, Union Territory, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge Others |
|
Particular of
charge holder |
Corporation Bank, SME Marol Branch, Sahar Bonanza Plaza Complex, Andheri Kurla Road, Andheri East, Mumbai – 400059, Maharashtra, India |
|
Nature of
instrument creating charge |
1.Supplemental
common deed of hypothecation 2.Memorandum of
deposit of title deeds 3.Letter of
continuity (all the above
agreement constitute a single charge) |
|
Date of
instrument Creating the charge |
30.03.2011 |
|
Amount secured by
the charge |
Rs. 144.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As Stipulated By
Bank From Time To Time Terms of repayment As Stipulated By
Bank From Time To Time Margin As Stipulated By
Bank From Time To Time Extent and operation of the charge First charge
(present and future) = total limit Rs. 144.500 millions (cash credit =
100.000 millions, inland / import LC cum BG = Rs. 20.000 millions, Term loan
(review) = Rs. 7.000 millions, Term Loan (sanction) = Rs. 4.300 millions,
Term loan (sanction) = Rs. 13.200 millions) and/or as
stipulated by bank from time to time Other As Stipulated By
Bank From Time To Time and as per sanction letter of the bank |
|
Short particulars
of the property charged (Including location of the property) |
First
Charge(Present And Future On Following Assets) (1) Hypothecation of All Stock
/ Goods / Inventories / Products Kept At Borrower Place / Premises /
Factories / Godown Etc or In Transit or Whereeverelse (2) Hypothecation
of All Book Debts And Receivables (3) Hypothecation
of Current, Movable And Fixed Assets of The Company (4) Hypothecation
of All Plant and Machinery, Equipments and Other Fixed Assets For Piparia and
Amli Units Including All The Assets Purchased Out of Bank Finance (5) EMG of Flat
Nos 13 And 14,Flat No 1,Bld No B/3,Flat No 1,Bld No E/1 In Basera Housing
Complex, Village Amli And EMG of Flat No 9 Building No E 3, In Basera
Housing, Complex At Village Amli, U T of Dadra Nagar Haveli (6) EMG of The
Property Factory Building and Admin Building Bearing Plot No 43,S.No.126
Silvassa U.T. of Dadra Nagar Haveli (8) EMG of Unit
Admg 5680 Sq. Ft On Ground Floor of The Building Known As Amli Industrial
Estate On Plot of Land Bearing Sy No 906/3 Admg 19625 Sq, Mtrs At Village
Amli and Continued Security of All Old Security |
|
Charge
identification number of the charge to be modified |
80020183 |
|
Particulars of
the present modification |
By This
Modification Limit Stands To Rs.144.500 millions (Cash Credit=100.000
millions, Inland/Import LC Cum BG=Rs.20.000 millions, Term
Loan(Review)=Rs.7.000 millions, Term Loan (Sanction)=Rs.4.300 millions, Term
Loan (Sanction)=Rs.13.200 millions),Securities Are Continued As Given By
Original Charge As Well As By Modifications, Terms and Conditions |
TRADE REFERENCES
·
U B
Group
FIXED ASSETS
§
§
§
Plant
and Machinery
§
Electrical
Fitting
§
Weighing
Scale
§
Dies
and Tools
§
Furniture
and fixture
§
Office
Equipment
§
Tools
and Equipment
§
Computers
§
Materials
Handling Equipment
§
Motor
Car
§
Motor
Cycle
§
Office
Premises
§
Fire
Fighting Equipment
§
Air
Conditioner
§
Gas
Pipe Line and Fittings
§
Tempo
§
Generator
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 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] 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. 52.16 |
|
|
1 |
Rs. 81.28 |
|
Euro |
1 |
Rs. 69.47 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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.