MIRA
INFORM REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
CAPRICON LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13 A, Keytus Industrial Estate, 220, Kondivita Road, Andheri (East),
Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
17.10.2001 |
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|
|
|
Com. Reg. No.: |
11-133716 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2001PTC133716 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC12537A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC6364M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing Logistic Services. |
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|
|
|
No. of Employees
: |
Not Divulged by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1134000 |
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|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. The company
is doing well. Trade relations are reported as fair. Business is active. Payments
are reported to be correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 (GENERAL DETAILS )
|
Name : |
Mr. Deepak |
|
Designation : |
Accounts Manager |
|
Date : |
11.11.2011 |
LOCATIONS
|
Registered Office : |
13 A, Keytus Industrial Estate, 220, Kondivita Road, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40994099 |
|
Fax No.: |
91-22-28312424 / 40994199 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Sheetal Sadanand Shetty |
|
Designation : |
Managing Director |
|
Address : |
502 Corner Stone Film, City Road, Malad East, Mumbai – 400062,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1969 |
|
Date of Appointment : |
17.10.2001 |
|
DIN No.: |
01682503 |
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 |
U63090MH2001PTC133716 |
CAPRICORN
LOGISTICS PRIVATE LIMITED |
Managing
director |
17/10/2001 |
17/10/2001 |
- |
Active |
NO |
|
2 |
U72300MH2010PTC206577 |
VRIDDHI
LOGITECH PRIVATE LIMITED |
Managing
director |
13/08/2010 |
13/08/2010 |
- |
Active |
NO |
|
3 |
U64100MH2010PTC211431 |
CAPRICORN
EXPRESS PRIVATE LIMITED |
Managing
director |
27/12/2010 |
27/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Sadanand Narayan Shetty |
|
Designation : |
Chairman cum Managing |
|
Address : |
502 Corner Stone Film, City Road, Malad East, Mumbai – 400062,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1936 |
|
Date of Appointment : |
17.10.2001 |
|
DIN No.: |
01752063 |
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 |
U63090MH2001PTC133716 |
CAPRICORN
LOGISTICS PRIVATE LIMITED |
Director |
17/10/2001 |
17/10/2001 |
- |
Active |
NO |
|
2 |
U72300MH2010PTC206577 |
VRIDDHI
LOGITECH PRIVATE LIMITED |
Director |
13/08/2010 |
13/08/2010 |
- |
Active |
NO |
|
3 |
U63010KA2010PTC055972 |
Moin
Clearing and Shipping Services Private Limited |
Director |
24/11/2010 |
24/11/2010 |
- |
Active |
NO |
|
4 |
U64100MH2010PTC211431 |
CAPRICORN
EXPRESS PRIVATE LIMITED |
Director |
27/12/2010 |
27/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Thomas Alvares |
|
Designation : |
Director |
|
Address : |
Udayan 1B 104, Opposite Ashok Nagar, Off, Military Road, Marol Andheri
East, Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1971 |
|
Date of Appointment : |
17.10.2001 |
|
DIN No.: |
01752926 |
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 |
U63090MH2001PTC133716 |
CAPRICORN LOGISTICS PRIVATE LIMITED |
Director |
17/10/2001 |
17/10/2001 |
- |
Active |
NO |
|
2 |
U72300MH2010PTC206577 |
VRIDDHI LOGITECH PRIVATE LIMITED |
Director |
13/08/2010 |
13/08/2010 |
- |
Active |
NO |
|
3 |
U64100MH2010PTC211431 |
CAPRICORN EXPRESS PRIVATE LIMITED |
Director |
27/12/2010 |
27/12/2010 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Bhanupriya Parmeshwar Rao |
|
Designation : |
Secretary |
|
Address : |
320/5, Anand Nagar 60, Feet Road, Bhayandar West, Mumbai – 401101,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1987 |
|
Date of Appointment : |
27.04.2010 |
|
PAN No.: |
ALHPR008D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sheetal Sadanand Shetty |
|
1625000 |
|
Sheetal Shetty |
|
1750000 |
|
Thomas Alvares |
|
1125000 |
|
Kalyan Nawpute |
|
400000 |
|
Kalapana Nawpute |
|
100000 |
|
|
|
|
|
Total |
|
5000000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
|
|
|
Directors or relatives of Directors |
90.00 |
|
Other top fifty shareholders |
10.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services. |
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Exports : |
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Products : |
Logistics Services |
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Countries : |
·
USA ·
Europe ·
China ·
Germany ·
UAE |
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Imports : |
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Products : |
Logistics Services |
|
Countries : |
·
USA ·
Europe Countries |
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Terms : |
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Selling : |
Cash, credit |
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Purchasing : |
Cash, credit |
GENERAL INFORMATION
|
Customers : |
MNC Companies |
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No. of Employees : |
Not Divulged by the management. |
||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
Kotak Mahindra Bank
Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, - 400021,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
S.K. Shetty and Associate Chartered Accountants |
|
Address : |
203, Lok Centre, Marol Maroshi Road, Andheri (East), Mumbai – 400059, Maharashtra,
India |
|
PAN No.: |
AALFS5141D |
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Associate Company : |
Capricorn Sky Wards Private Limited |
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|
|
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Associate and Investee Firm : |
Raj Clearing Agency |
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|
Subsidiary Company in Germany |
Capricorn Logistics – GMBH |
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Subsidiary Company in USA |
Capricorn Logistics INC |
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|
100% Subsidiary Company in Hongkong |
Capricorn Logistics (HK) Private Limited |
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|
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|
100% Subsidiary Company in China |
Capricorn Logistics (Shanghai) Limited |
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|
|
|
100% Subsidiary Company in Singapore |
Capricorn Global Logistics PTE Limited |
|
|
|
|
Director Interested Company |
Capricorn Logistics LLC, Dubai |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
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 |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
233.402 |
163.073 |
118.464 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
174.534 |
|
|
NETWORTH |
283.402 |
213.073 |
342.998 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
309.902 |
310.493 |
33.548 |
|
|
2] Unsecured Loans |
10.654 |
57.785 |
0.498 |
|
|
TOTAL BORROWING |
320.556 |
368.278 |
34.046 |
|
|
DEFERRED TAX LIABILITIES |
0.728 |
0.866 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
604.686 |
582.217 |
377.044 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
137.072 |
124.032 |
96.993 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.738 |
5.407 |
5.351 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
460.084
|
615.933 |
380.500 |
|
|
Cash & Bank Balances |
26.546
|
36.579 |
34.022 |
|
|
Other Current Assets |
6.309
|
4.623 |
4.087 |
|
|
Loans & Advances |
300.711
|
236.537 |
129.290 |
|
Total
Current Assets |
793.650
|
893.672 |
547.899 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.224 |
269.550 |
185.299 |
|
|
Other Current Liabilities |
46.486
|
71.718 |
10.152 |
|
|
Provisions |
131.066
|
99.626 |
77.747 |
|
Total
Current Liabilities |
386.776
|
440.894 |
273.199 |
|
|
Net Current Assets |
406.874
|
452.778 |
274.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
604.684 |
582.217 |
377.044 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Receipts |
2265.284 |
2441.022 |
1633.267 |
|
|
|
Other Income |
50.901 |
23.585 |
71.733 |
|
|
|
TOTAL (A) |
2316.185 |
2464.607 |
1705.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operational Expenses |
1807.434 |
1938.891 |
1364.090 |
|
|
|
Administration Expenses |
331.489 |
357.388 |
166.396 |
|
|
|
Finance Expenses |
7.692 |
25.523 |
1.949 |
|
|
|
TOTAL (B) |
2146.615 |
2321.802 |
1532.435 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
169.570 |
142.805 |
172.565 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
40.314 |
39.109 |
15.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
129.256 |
103.696 |
157.127 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.852 |
24.650 |
15.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
100.404 |
79.046 |
141.913 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
30.076 |
34.438 |
52.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
70.328 |
44.608 |
89.515 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
163.073 |
118.464 |
43.949 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
233.402 |
163.073 |
118.464 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.06 |
8.92 |
17.90 |
|
The above information has been parted by Mr. Deepak
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.03
|
1.80 |
5.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.43
|
3.23 |
8.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.78
|
7.76 |
22.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.37 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.49
|
3.79 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
2.02 |
2.00 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs.
In millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
Sundry Creditors for operations |
209.224 |
269.550 |
185.299 |
|
|
|
|
|
|
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 |
No |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
-- |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
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 |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
Head Office: Counter
Guarantee outstanding in respect of guarantee given by Bank on behalf of the
company - Rs.4.800 millions (Previous Year - Rs.2.150 millions).
Dubai Branch:
Bonds and Guarantee Rs. NIL (Previous Year- Rs.390.300 millions).
OPERATIONS AND
BUSINESS PERFORMANCE
The Company has
achieved a turnover of Rs. 2316.185 millions compared to previous year's
turnover of Rs. 2464.608 millions Profit before tax is Rs. 100.404 millions
whereas profit after tax is Rs. 70.328 millions The earning per share is Rs.
14.06 per share.
AWARDS AND RECOGNITION:
The Company has
received award in the event of completing 0.100 Million subscribers from Idea
Cellular Limited.
FUTURE OUTLOOK
As an integrated supply
chain services company the company is providing end to end logistics and supply
chain solutions across various industries vertical. The company is well
equipped to take benefit of the growing potential in logistics industry and is
hopeful of registering better performance in terms of Sales and Profitability
for the Year 2010-11. The Directors are optimistic regarding future of the
Company, as the global cargo movements are on increasing side and the need for
clearing and forwarding and logistics management is increasing day by day to
avail the advantage of the situation.
INCORPORATION OF
SUBSIDIARY COMPANY
During the year,
Capricorn Logistics (Shanghai) Limited was incorporated in Shanghai as
wholly-owned subsidiary Company. However the subsidiary Company started its
business in April, 2010.
FORM 8
|
Corporate
identity number of the company |
U63090MH2001PTC133716 |
|
Name of the
company |
CAPRICORN
LOGISTICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
13 and 13A,
Keytuo Industrial Estate, 220 Kondivita Road, Andheri (E), Mumbai – 400059,
0, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, - 400021,
Maharashtra, India |
|
Nature of
instrument creating charge |
1. Supplementry
Deed of Hypothecation. 2. Memorandum of
Entry for Mortgage by Constructive Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
02/09/2011 |
|
Amount secured by
the charge |
Rs. 420.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest CC / WCTL l / ll
- Floating over the tenure of the facility. WCDL - As per
banks policy. Terms of repayment WDCL - On demand
or completion of tenure of 180 days whichever is earlier. WCTL l / ll - 1.
Loan shall be repaid by way of 48 / 60 EMIs starting from month following the
month of first disbursement of TL. 2. EMIs shall be
recovered by ways of debit to current account of the Borrower with the Bank.
OR EMIs shall be
recovered by banking PDCs on respective due dates. BG - Maximum 24
months including claim period Margin BG - Minimum cash
margin of 10% shall be provided upfront in the form of FD (100% cash margin
for guarantees covering disputed liabilities) Lien shall be
marked on the FD till such time as the BG is cancelled and returned to the
Bank. Extent and operation of the charge 1. First and Pari
passu charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the
Borrower. 2. First and
exclusive charge by way of Mortgage on Immovable properties of the Company,
in favour of Kotak Mahindra bank as security for repayment of financial
facilities granted by the Bank to the Company. Other Nil |
|
Short particulars
of the property charged (Including location of the property) |
The whole of
Borrower's Current assets and Movable fixed assets, both present and future
as described in Schedule to the Supplementary Deed of Hypothecation All that piece
and parcel of Unit No.13 and 13A,G Floor, Keytuo Industrial Estate, at
220,Kondivita village Rd., Andheri (E) Mumbai - 400 059,more particularly described
in (Part 1) SCH B to the MOE. Flat No.502,
situated on the 5th floor, Corner Stone CHS Ltd., Near Dindoshi Bus Depot,
Goregaon (E), Mumbai - 63,more particularly described in (Part 1) Schedule B
to the MOE Flat No.301 and
303, situated on the 3rd flr, Jayant Apt. D wing, Jayant Premises CHS
Limited, at Sahar Rd, Andheri (E) Mumbai-99, more particularly described in
(Part 1) SCH B to the MOE. Office No. 506
adms. 984 sq.ft., situated on the 5th floor, Metrohouse, Plot No.B, of
Village Ghorpadi, pune, more particularly described in (Part 1) Schedule B to
the MOE. Flat No. B-46 and
B-47, adms. 1310 sq.ft., situated on the 4th floor, Western Village build.
No. B and C Apt., Village Kothrud, Pune, more particularly described in (Part
1) Schedule B to the MOE. Plot
No.L-121/-A/1, adms.6827 m2,situated within the Village Panchayat of limits
of Nagoa, Taluka and Sub Dist. of Salcete, South Goa Dist, more particularly
described in (Part 2) SCH B to the MOE. Plot of land No.
IX,adms.1520 m2,situated within the Village Panchayat of limits of Nagoa,
Taluka and Sub Dist.of Salcete, South Goa Dist, more particularly described
in (Part 2) SCH B to the MOE Office No.
S-206,207,208 adms.965 sq.ft., 2nd floor, Prestige Terminus Complex, situated
at Civil Aviation Rd, Konena Agrahara, Bangalore, more particularly described
in (Part 3) SCH B to the MOE. Office No.603
adms.6748 sq.ft., 6th floor, Western Edge-l, situated at City S.No.165 and
163A of Village Magathane, Dattapada Rd, Borivali (E),more particularly described
in (Part 4) SCH B to the MOE. |
|
Date of
instrument modifying the charge |
23/08/2011 |
|
Particulars of
the present modification |
The Bank had
granted facilities of Rs.300.000 millions to the Company which was secured by
way of hypothecation on Current assets and Movable fixed assets and Mortgage
of Immovable properties of the Company on 23/08/2010. Said charge was
modified on 15/09/2010, 15/06/2011, 18/08/2011, 20/08/2011 and 23/08/2011.
Now bank has granted additional financial facility of Rs.30.000 millions to
the Company & the said charge is modified and extended to the increased
total facilities of Rs.420.000 millions. |
FIXED ASSETS :
·
Office Premises
·
Office Equipment
·
Furniture and Fixtures
·
Electricity Machinery
·
Motor Car
·
Computer
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] 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. 49.78 |
|
|
1 |
Rs. 80.15 |
|
Euro |
1 |
Rs. 68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.