1.
Summary Information
|
|
|
Country |
India |
|
Company Name |
LIFT AND SHIFT INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Apurva Natvarlal Parikh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sameer Upendra Parikh |
|
|
|
Registration # |
11-174770 |
|
Street Address |
96, Chembur Mankhurd Link Road, Mumbai-400043, Maharashtra |
||
|
Established Date |
12.04.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-25560101 |
Business Style 1 |
Transportation |
|
Fax # |
91-22-25563573 |
Business Style 2 |
Service Provider |
|
Homepage |
Product Name 1 |
Transportation |
|
|
# of employees |
Not Available |
Product Name 2 |
Warehousing |
|
Paid up capital |
Rs.
45,050,000/- |
Product Name 3 |
Clearing and Forwarding |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
Yes Bank limited |
|
Public Limited Corp. |
No |
Business Period |
6 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2.
Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
310,800,000 |
Current Liabilities |
91,185,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
397,580,000 |
|
Fixed Assets |
490,437,000 |
Other Liabilities |
74,865,000 |
|
Deferred Assets |
707,000 |
Total Liabilities |
563,630,000 |
|
Invest& other Assets |
252,000 |
Retained Earnings |
193,516,000 |
|
|
|
Net Worth |
238,566,000 |
|
Total Assets |
802,196,000 |
Total Liab. & Equity |
802,196,000 |
|
Total Assets (Previous Year) |
546,808,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
944,048,000 |
Net Profit |
41,606,000 |
|
Sales(Previous yr) |
543,695,000 |
Net Profit
/ (Loss) (Prev.yr) |
(48,824,000) |
MIRA
INFORM REPORT
|
Report Date : |
17.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIFT AND SHIFT INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BIZCARE SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
96, Chembur Mankhurd Link Road, Mumbai-400043, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-174770 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2005PTC174770 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML0599C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB6406A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is offers
transportation, handling and lifting services to the engineering and capital
goods industry. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 950000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
96, Chembur Mankhurd Link Road, Mumbai-400043, Maharashtra, India |
|
Tel. No.: |
91-22-25560101 / 25484180 / 25578796 / 25563472 |
|
Fax No.: |
91-22-25563573 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Apurva Natvarlal Parikh |
|
Designation : |
Managing Director |
|
Address : |
23, Vijay Mahal D Road, Marine Drive, Mumbai-400020, Maharashtra,
India |
|
Date of Birth/Age : |
20.02.1951 |
|
Date of Appointment : |
02.09.2005 |
|
DIN No.: |
00155235 |
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 |
U74210MH1959PTC011288 |
RELIANCE
CONSTRUCTION PRIVATE LIMITED |
Director |
02-05-89 |
02-05-89 |
Active |
NO |
|
2 |
U63010MH1959PTC011380 |
NATVAR
PARIKH AND COMPANY PRIVATE LIMITED |
Managing
director |
01-10-11 |
02-05-89 |
Active |
NO |
|
3 |
U45201GJ1995PTC025211 |
CHANCHAL
PROPERTIES PVT LTD |
Director |
29-03-95 |
29-03-95 |
Active |
NO |
|
4 |
U74140MH2005PTC174770 |
LIFT
AND SHIFT INDIA PRIVATE LIMITED |
Director |
02-09-05 |
02-09-05 |
Active |
NO |
|
5 |
U63090MH2005PTC156637 |
LE
MILL PRIVATE LIMITED |
Director |
10-03-10 |
10-10-05 |
Active |
NO |
|
6 |
U63090WB2006PTC108304 |
ACS
SHIPPING PRIVATE LIMITED |
Director |
02-01-07 |
02-01-07 |
Active |
NO |
|
7 |
U72200MH2006PTC161409 |
S2S
IT SOLUTIONS PRIVATE LIMITED |
Director |
03-12-07 |
03-12-07 |
Active |
NO |
|
Name : |
Mr. Upendra Ratilal Parikh |
|
Designation : |
Director |
|
Address : |
103, Indraprasth Neelkanthvaley, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
02.11.1936 |
|
Date of Appointment : |
02.09.2005 |
|
DIN No.: |
00155296 |
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 |
U74210MH1959PTC011288 |
RELIANCE
CONSTRUCTION PRIVATE LIMITED |
Director |
12-05-85 |
12-05-85 |
- |
Active |
NO |
|
2 |
U63010MH1959PTC011380 |
NATVAR
PARIKH AND COMPANY PRIVATE LIMITED |
Director |
11-04-88 |
11-04-88 |
- |
Active |
NO |
|
3 |
U60100MH1976PTC019148 |
THAKORE
LALIT AND COMPANY PRIVATE LIMITED |
Director |
10-12-92 |
10-12-92 |
- |
Dissolved |
NO |
|
4 |
U45201GJ1995PTC025211 |
CHANCHAL
PROPERTIES PRIVATE LIMITED |
Director |
29-03-95 |
29-03-95 |
- |
Active |
NO |
|
5 |
U74140MH2005PTC174770 |
LIFT
AND SHIFT INDIA PRIVATE LIMITED |
Director |
02-09-05 |
02-09-05 |
- |
Active |
NO |
|
6 |
U63090MH2005PTC156637 |
LE
MILL PRIVATE LIMITED |
Director |
10-10-05 |
10-10-05 |
14-10-09 |
Active |
NO |
|
7 |
U61100MH2007PTC172516 |
CAF
MARINE AND OFFSHORE SERVICES PRIVATE LIMITED. |
Director |
19-07-07 |
19-07-07 |
- |
Active |
NO |
|
Name : |
Mr. Ketan Champaklal Parikh |
|
Designation : |
Director |
|
Address : |
D-101, The Springfields Lokhandwala Complex, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
22.05.1958 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
00155487 |
|
|
|
|
Name : |
Mr. Sameer Upendra Parikh |
|
Designation : |
Director |
|
Address : |
202, Indraprasth Neelkanthvaley, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
31.10.1968 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
00155527 |
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 |
U63010MH1959PTC011380 |
NATVAR
PARIKH AND COMPANY PRIVATE LIMITED |
Director |
24-01-96 |
24-01-96 |
- |
Active |
NO |
|
2 |
U72200MH2006PTC161409 |
S2S
IT SOLUTIONS PRIVATE LIMITED |
Director |
27-04-06 |
27-04-06 |
- |
Active |
NO |
|
3 |
U74140MH2005PTC174770 |
LIFT
AND SHIFT INDIA PRIVATE LIMITED |
Director |
12-12-06 |
12-12-06 |
- |
Active |
NO |
|
4 |
U63090WB2006PTC108304 |
ACS
SHIPPING PRIVATE LIMITED |
Director |
02-01-07 |
02-01-07 |
- |
Active |
NO |
|
5 |
U63090MH2005PTC156637 |
LE
MILL PRIVATE LIMITED |
Director |
10-03-10 |
10-03-10 |
13-09-10 |
Active |
NO |
|
Name : |
Mr. Rohan Apurva Parikh |
|
Designation : |
Director |
|
Address : |
23, Vijay Mahal D Road, Marine Drive, Mumbai-400020, Maharashtra, India
|
|
Date of Birth/Age : |
22.05.1979 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
00155626 |
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 |
U55100MH2005PTC155644 |
RIO
HOSPITALITY AND MANAGEMENT PRIVATE LIMITED |
Director |
26-08-05 |
26-08-05 |
24-12-09 |
Active |
|
|
2 |
U63010MH1959PTC011380 |
NATVAR
PARIKH AND COMPANY PRIVATE LIMITED |
Director |
21-04-06 |
21-04-06 |
- |
Active |
NO |
|
3 |
U74140MH2005PTC174770 |
LIFT
AND SHIFT INDIA PRIVATE LIMITED |
Director |
12-12-06 |
12-12-06 |
- |
Active |
NO |
|
4 |
U63090WB2006PTC108304 |
ACS
SHIPPING PRIVATE LIMITED |
Director |
02-01-07 |
02-01-07 |
- |
Active |
NO |
|
5 |
U63090MH2005PTC156637 |
LE
MILL PRIVATE LIMITED |
Director |
10-03-10 |
01-04-09 |
- |
Active |
NO |
|
6 |
U74210MH1959PTC011288 |
RELIANCE
CONSTRUCTION PRIVATE LIMITED |
Director |
01-04-09 |
01-04-09 |
- |
Active |
NO |
|
Name : |
Mr. Romil Apurva Parikh |
|
Designation : |
Managing Director |
|
Address : |
23, Vijay Mahal D Road, Marine Drive, Mumbai-400020, Maharashtra,
India |
|
Date of Birth/Age : |
08.03.1982 |
|
Date of Appointment : |
12.12.2006 |
|
DIN No.: |
01139840 |
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 |
U74140MH2005PTC174770 |
LIFT
AND SHIFT INDIA PRIVATE LIMITED |
Director |
12-12-06 |
12-12-06 |
- |
Active |
NO |
|
2 |
U63090MH2005PTC156637 |
LE
MILL PRIVATE LIMITED |
Director |
10-03-10 |
01-04-09 |
13-09-10 |
Active |
NO |
|
3 |
U74210MH1959PTC011288 |
RELIANCE
CONSTRUCTION PRIVATE LIMITED |
Director |
01-04-09 |
01-04-09 |
- |
Active |
NO |
|
4 |
U63010MH1959PTC011380 |
NATVAR
PARIKH AND COMPANY PRIVATE LIMITED |
Director |
01-04-09 |
01-04-09 |
- |
Active |
NO |
|
5 |
U93090MH2009NPL193041 |
GAIA
CONSERVATION FOUNDATION |
Director |
05-06-09 |
05-06-09 |
- |
Active |
NO |
|
6 |
U63090WB2006PTC108304 |
ACS
SHIPPING PRIVATE LIMITED |
Director |
01-05-11 |
01-05-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Manohar Waman Oak |
|
Designation : |
Secretary |
|
Address : |
A 302, Gagangiri Park Co-operative Housing Society, Samanta Nagar,
Thane-400604, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1954 |
|
Date of Appointment : |
15.06.2010 |
|
|
AAAPO1328D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Apurava Parikh |
93809 |
|
Romil Parikh |
27035 |
|
Romil Parikh |
71898 |
|
Neela Parikh |
86818 |
|
Apurva Parikh HUF |
25505 |
|
N C Parikh HUF |
1 |
|
Rohan Parikh |
92047 |
|
Rohan Prrikh |
6886 |
|
Natvar Parikh and Company Private Limited, India |
1 |
|
Sameer Parikh |
95899 |
|
Sejal Parikh |
5101 |
|
Total |
505000 |
AS ON 30.09.2011
|
Names of Preference Shareholders |
No. of Shares |
|
Natvar Parikh and Company Private Limited, India |
40000 |
|
Total |
40000 |
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 : |
Subject is offers
transportation, handling and lifting services to the engineering and capital
goods industry. |
|
|
|
|
Products : |
·
Transportation ·
Warehousing ·
Clearing and Forwarding |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Yes Bank limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India ·
ICICI Bank, Zenith House, Ground Floor, Keshavrao
Khadye Marg, Mahalaxmi, Mumbai-400034, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kashiparekh and Associates Chartered Accountant |
|
Address : |
Akshay Apartment, Old High Court Lane, Ashram Road, Ahmedabad-380009,
Gujarat, India |
|
Tel. No.: |
91-79-2556770 |
|
Fax No.: |
91-79-26585770 |
|
PAN No.: |
AADFK5903H |
|
|
|
|
Related Party : |
·
Natvar Parikh and Company Private Limited ·
Natvar Parikh Freight Forwarders Private Limited ·
Reliance Construction Private Limited ·
Chanchal Properties Private Limited ·
ACS Shipping Private Limited ·
Rio Hospitality and Management Private Limited ·
S2S IT Solutions Private Limited ·
Parikh Bros. and Company ·
Natvar Parikh and Bros ·
Natvar Parikh and Sons ·
Bombay Bharat and Swadeshi Rice Mills Depot |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
100000 |
8% Cumulative Redeemable Preference Shares |
Rs.1000/- each |
Rs. 100.000 Millions |
|
|
Total |
|
Rs. 110.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
505000 |
Equity Shares |
Rs.10/- each |
Rs. 5.050
Millions |
|
|
|
40000 |
8% Cumulative Redeemable Preference Shares |
Rs.1000/- each |
Rs. 40.000 Millions |
||
|
|
Total |
|
Rs. 45.050
Millions |
||
Note:
Above shares are Redeemable as 1st
July 2012, with a option to the company to redeem the same earlier by giving 1
month notice.
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 |
45.050 |
45.050 |
105.050 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
193.516 |
159.247 |
148.161 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
238.566 |
204.297 |
253.211 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
179.780 |
0.000 |
1.841 |
|
|
2] Unsecured Loans |
217.800 |
132.240 |
115.800 |
|
|
TOTAL BORROWING |
397.580 |
132.240 |
117.641 |
|
|
DEFERRED TAX LIABILITIES |
2.290 |
78.535 |
77.861 |
|
|
|
|
|
|
|
|
TOTAL |
638.436 |
415.072 |
448.713 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
490.437 |
343.179 |
347.850 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.252 |
0.252 |
0.252 |
|
|
DEFERREX TAX ASSETS |
0.707 |
3.411 |
8.869 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
156.683
|
75.666 |
150.792 |
|
|
Cash & Bank Balances |
35.090
|
21.364 |
17.855 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
119.027
|
102.936 |
113.022 |
|
Total
Current Assets |
310.800
|
199.966 |
281.669 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.574
|
46.638 |
89.041 |
|
|
Other Current Liabilities |
3.611
|
30.709 |
17.068 |
|
|
Provisions |
72.575
|
54.389 |
83.818 |
|
Total
Current Liabilities |
163.760
|
131.736 |
189.927 |
|
|
Net Current Assets |
147.040
|
68.230 |
91.742 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
638.436 |
415.072 |
448.713 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
944.048 |
543.695 |
708.388 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
Depreciation |
879.699 |
501.786 |
651.502 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
879.699 |
501.786 |
651.502 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
64.349 |
41.909 |
56.886 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
22.743 |
90.733 |
40.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
41.606 |
(48.824) |
16.056 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Foreign Exchange Received |
95.637 |
86.476 |
197.182 |
|
|
|
Warehousing Charges Received |
0.000 |
0.000 |
0.013 |
|
|
TOTAL EARNINGS |
95.637 |
86.476 |
197.195 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
300.412 |
59.171 |
84.221 |
|
|
|
Work in Progress |
0.000 |
18.977 |
0.000 |
|
|
TOTAL IMPORTS |
300.412 |
78.148 |
84.221 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
82.39 |
46.63 |
31.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
6.82
|
7.71 |
8.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.02
|
7.67 |
8.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.21 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.36
|
1.68 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90
|
1.52 |
1.48 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U74140MH2005PTC174770 |
|
Name of the
company |
LIFT AND SHIFT
INDIA PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
96, Chembur
Mankhurd Link Road, Mumbai-400043, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Yes Bank limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental deed
of hypothecation |
|
Date of instrument
Creating the charge |
06.09.2011 |
|
Amount secured by
the charge |
Rs. 310.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest LOU for buyers credit:
commission 1.3% P.A. payable upfront. Letter of Credit
- Sight: Commission: 1.1% p.a. Letter of Credit
-Usance: Commission: 1.3%p.a. Terms of repayment BC: Tenor: 36
months. Door to door maturity for LC and BC should not exceed 36 months
Letter of Credit-Sight / Usance, Tenor: Door to door maturity for letter of
credit and BC should not exceed 36 months Extent and operation of the charge Exclusive charge
on purchased capital goods by way of hypothecation |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive charge
on purchased capital goods by way of hypothecation |
|
Charge
identification number of the charge to be modified |
10239033 |
|
Particulars of
the present modification |
Further
modification/revision of facilities from Rs.185.000 reduced to Rs.170.000
millions: 1)
Letter
of Undertaking for Buyers's Credit enhanced from Rs.170.000 millions to Rs.
310.00 millions. 2)
Letter
of Credit -sight (sub limit facility) new facility Rs 140.000 millions 3) Letter of
Credit -ussance (sub limit facility) Rs.140.000 millions. Existing Letter of
Credit -Sight and Letter of Credit -Usance of Rs.185.000 millions stands
cancelled. Charge on all assets, purchased capital goods pursuant to Buyer's Credit
facility up to Rs 310.000 millions |
FIXED ASSETS:
·
Vehicles
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Furniture and Fixtures
·
Office Premises
WEBSITE DETAILS
PROFILE
Subject offers transportation,
handling and lifting services to the engineering and capital goods industry for
heavy equipment and project based cargo for their clients in the power,
petrochemical, refinery, fertilizer and oil and gas industries.
Working closely with clients and EPC contractors during the conceptual
stage they provide innovative and cost effective solutions. With their global
network they also provide ‘single point responsibility’ for project cargo
traveling to any location in the world.
They also offer services for large scale construction projects providing
professional project management and implementation in time bound construction
schedules.
Their strength lies in their experienced work force backed by precise
engineering, state of the art equipment and a strong commitment to the job at
hand with safety being their prime concern.
ACHIEVEMENTS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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. 50.90 |
|
|
1 |
Rs. 80.30 |
|
Euro |
1 |
Rs. 68.47 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.