|
|
|
Country |
|
|
Company Name |
DCM HYUNDAI
LIMITED |
Principal Name 1 |
Alok Bansidhar Shri |
|
Status |
Moderate |
Principal Name 2 |
Arun Kumar |
|
|
|
Registration # |
18-032284 |
|
Street Address |
No 2, (Ground
Floor),Shriram Nagar, |
||
|
Established Date |
17.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-44-22350500 / 26414046 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-22353605 / 26414046 |
Business Style 2 |
Freight Containers |
|
Homepage |
Product Name 1 |
Dry Freight Containers |
|
|
# of employees |
250 (Approximately) |
Product Name 2 |
Inland Containers |
|
Paid up capital |
Rs.168,514,900/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings -37.11% Bodies corporate – 49.61% Other top fifty shareholders –
0.91% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary : |
-- |
Versa Trading Limited (VTL) |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
177,555,000 |
Current Liabilities |
21,906,000 |
|
Inventories |
-- |
Long-term Liabilities |
63,373,000 |
|
Fixed Assets |
71,796,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
85,279,000 |
|
Invest& other Assets |
217,152,000 |
Retained Earnings |
212,709,000 |
|
|
|
Net Worth |
381,224,000 |
|
Total Assets |
466,503,000 |
Total Liab. &
Equity |
466,503,000 |
|
Total Assets (Previous Year) |
482,083,000 |
|
|
|
P/L Statement as of |
30.09.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
33,455,000 |
Net Profit |
269,000 |
|
Sales(Previous yr) |
10,714,000 |
Net Profit(Prev.yr) |
(22,126,000) |
|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
DCM HYUNDAI LIMITED |
|
|
|
|
Registered
Office : |
No 2, (Ground Floor),Shriram Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2010 |
|
|
|
|
Date of
Incorporation : |
17.07.1995 |
|
|
|
|
Com. Reg. No.: |
18-032284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.168.515 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U93090TN1995PLC032284 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Freight Containers including 20 Feet equals unit of
dry cargo containers. |
|
|
|
|
No. of Employees
: |
250 (Approximately) (In Office 50 + In factory 200) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings with some
cautions. |
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) |
|
|
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 : |
No 2, (Ground Floor),Shriram Nagar, |
|
Tel. No.: |
91-44-22350500 / 26414046 |
|
Fax No.: |
91-44-22353605 / 26414046 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
|
|
Tel. No.: |
91-11-23312267 |
|
Fax No.: |
91-11-23313494 / 22351916 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
104, Pollivakkam
Village, Thiruvallur-Sriperumpudur Road, Thiruvallur District, Tamil Nadu,
India |
|
Tel. No.: |
91-44-22350500 |
|
Fax No.: |
91-44-22353605 |
|
E-Mail : |
DIRECTORS
As on 22.02.2011
|
Name : |
Mr. Alok Bansidhar
Shriram |
|
Designation : |
Managing director |
|
Address : |
27, Sardar Patel Marg,
|
|
Date of Birth/Age : |
30.11.1960 |
|
Date of Appointment : |
29.06.2007 |
|
DIN No.: |
00203808 |
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 |
U31300RJ1988PTC005572 |
HI-VAC
WARES PRIVATE LIMITED |
Director |
17-10-88 |
17-10-88 |
27-09-08 |
Active |
NO |
|
2 |
L74899DL1989PLC035140 |
DCM
SHRIRAM INDUSTRIES LIMITED |
Whole-time
director |
01-10-08 |
01-04-92 |
- |
Active |
NO |
|
3 |
U74899DL1993PTC055904 |
LABELS
INTERNATIONAL PRIVATE LIMITED |
Director |
10-11-93 |
10-11-93 |
- |
Amalgamated |
NO |
|
4 |
U74899DL1995PTC074988 |
QUICK
LITHOGRAPHERS PRIVATE LIMITED |
Director |
29-03-99 |
29-03-99 |
- |
Active |
NO |
|
5 |
U74899DL1995PTC074946 |
PEE KAY
ALKALIES PRIVATE LIMITED |
Director |
25-03-00 |
25-03-00 |
- |
Active |
NO |
|
6 |
U93090TN1995PLC032284 |
DCM
HYUNDAI LIMITED |
Managing
director |
29-06-07 |
29-06-07 |
- |
Active |
NO |
|
7 |
L65999DL1985PLC022321 |
MC-STITCH
LIMITED |
Director |
31-12-09 |
06-07-09 |
- |
Active |
NO |
|
8 |
U74899DL1993PTC053180 |
CONVERTECH
EQUIPMENT PRIVATE LIMITED |
Additional
director |
07-12-09 |
07-12-09 |
27-09-10 |
Active |
NO |
|
9 |
U25200DL2010PTC206432 |
SHRIRAM
MIDIVISANA ENGINEERING PRIVATE LIMITED |
Director |
29-07-10 |
29-07-10 |
- |
Active |
NO |
|
10 |
U74899DL1951GAP001947 |
PHD
CHAMBER OF COMMERCE AND INDUSTRY |
Director |
24-12-10 |
24-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Arun Kumar |
|
Designation : |
Director |
|
Address : |
A-71, Hilltop Apartments, Freedom Fighters Enclave, |
|
Date of Birth/Age : |
17.05.1946 |
|
Date of Appointment : |
14.06.2005 |
|
DIN No.: |
00203871 |
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 |
U65910DL1991PLC045296 |
VERSA
TRADING LIMITED |
Director |
30-03-01 |
30-03-01 |
- |
Active |
NO |
|
2 |
U93090TN1995PLC032284 |
DCM
HYUNDAI LIMITED |
Director |
14-06-05 |
14-06-05 |
- |
Active |
NO |
|
Name : |
Mr. Surinder Kumar Arora |
|
Designation : |
Whole-time director |
|
Address : |
House no.777, Sector – 17, |
|
Date of Birth/Age : |
03.10.1941 |
|
Date of Appointment : |
22.11.2008 |
|
DIN No.: |
02407443 |
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 |
U93090TN1995PLC032284 |
DCM
HYUNDAI LIMITED |
Whole-time
director |
01-12-10 |
22-11-08 |
- |
Active |
NO |
|
2 |
U25200DL2010PTC206432 |
SHRIRAM
MIDIVISANA ENGINEERING PRIVATE LIMITED |
Director |
29-07-10 |
29-07-10 |
- |
Active |
NO |
|
Name : |
Mr. Subramanian Senthilkumar |
|
Designation : |
Nominee director |
|
Address : |
31, Rajapuranicker Steer, vardarjapet, Choolaimedu,
Chennai – 600094, Tamil Nadu, |
|
Date of Birth/Age : |
27.07.1968 |
|
Date of Appointment : |
28.12.2009 |
|
DIN No.: |
00131558 |
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 |
U18102TN1988PLC016294 |
IWL
INDIA LIMITED |
Nominee
director |
30-12-02 |
30-12-02 |
10-08-07 |
Active |
NO |
|
2 |
U18101TN1995PLC032211 |
KARUR
YARNLINKS LIMITED |
Director |
05-05-04 |
05-05-04 |
- |
Active |
NO |
|
3 |
U24231TN1995PLC030116 |
MEDTECH
PRODUCTS LIMITED |
Director |
25-10-04 |
25-10-04 |
- |
Active |
NO |
|
4 |
U30007TN1996PLC037018 |
VENTURE
LIGHTING INDIA LIMITED |
Nominee
director |
28-10-04 |
28-10-04 |
09-04-07 |
Active |
NO |
|
5 |
L17111TZ1989PLC005902 |
CHESLIND
TEXTILES LIMITED |
Nominee
director |
24-05-05 |
24-05-05 |
11-07-08 |
Active |
NO |
|
6 |
U45209TN2005PLC055563 |
|
Nominee
director |
05-10-07 |
05-10-07 |
22-07-08 |
Active |
NO |
|
7 |
U93090TN1995PLC032284 |
DCM
HYUNDAI LIMITED |
Nominee
director |
28-12-09 |
05-10-07 |
- |
Active |
NO |
|
8 |
U45202TN2004PLC053775 |
ENNORE
SEZ COMPANY LIMITED |
Nominee
director |
09-10-07 |
09-10-07 |
- |
Active |
NO |
|
9 |
U92490TN1989PLC017491 |
NAVODAYA
MASS ENTERTAINMENTS LIMITED |
Nominee
director |
15-12-07 |
15-12-07 |
- |
Active |
NO |
|
10 |
U36911TN1987PLC014168 |
MEPCO
INDUSTRIES LIMITED |
Director |
29-09-08 |
29-09-08 |
- |
Active |
NO |
|
11 |
U23201TN1991PLC021838 |
JAYAMKONDAM
LIGNITE POWER CORPORATION LIMITED |
Director |
22-12-08 |
22-12-08 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Manocha Bharti |
|
Designation : |
Secretary |
|
Address : |
1-D-100, NIT, |
|
Date of Birth/Age : |
15.08.1986 |
|
Date of Appointment : |
14.06.2010 |
|
PAN No.: |
AYQPM6413R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.02.2011
Details of Equity Shares Shareholders are Not Available
Preference Shares
|
Names of Shareholders |
|
No. of Preference Shares |
|
|
|
|
|
|
|
|
|
Paharpur Cooling Tower Limited, |
|
400000 |
|
Chiranjiv Investment Private Limited, |
|
130000 |
|
Apna Ghar Properties
Private Limited, |
|
120000 |
|
Shivam Enterprises Private Limited, |
|
100000 |
|
Ivory Hotels Private Limited, |
|
100000 |
|
Kadmini International Private Limited, |
|
50000 |
|
Abhinav Singal |
|
100000 |
|
Vishnu Prasad Bindal (Karta) |
|
200000 |
|
Vaneeta Gupta and Sahil
Nath |
|
20000 |
|
Sahil Nath and Vaneeta Gupta |
|
15000 |
|
Ishan Nath and Vaneeta Gupta |
|
15000 |
|
Naresh Chand (Karta) |
|
14000 |
|
EPIC ( |
|
14000 |
|
Rakesh Mittal |
|
7000 |
|
Total |
|
1285000 |
As on 22.02.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
37.11 |
|
Bodies corporate |
49.61 |
|
Other top fifty shareholders |
0.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Freight Containers including 20 Feet equals unit of
dry cargo containers. |
|
|
|
|
Products : |
·
Dry Freight
Containers · Inland Containers |
PRODUCTION STATUS
As on 30.09.2008
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Dry cargo Containers |
Nos. |
11 |
|
Special Containers |
Nos. |
116 |
|
Fabrication |
MT |
20128 |
GENERAL INFORMATION
|
Customers : |
·
·
Cummins, ·
ONGC ·
BHEL ·
L and T ·
Indian Army |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
250 (Approximately) (In Office 50 + In factory 200) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
State Bank of |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Riten Girish and
Company Chartered Accountants |
|
Address : |
218,2nd Floor, Aashirvad Complex, D-1, |
|
PAN.: |
AABFR9995E |
|
|
|
|
Investing party in respect of which the company is an Associate : |
·
DCM Shriram Industries
Limited (DSIL) ·
Daurala Foods and
Beverages Private Limited (DFBL) |
|
|
|
|
Related Parties : |
·
Bantam Enterprises Private Limited (BEPL) |
|
|
|
|
Subsidiary : |
·
Versa Trading Limited (VTL) ·
CIN No.: U65910DL1991PLC045296 |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
Rs.10/- each |
Rs.270.000 Millions |
|
1300000 |
5% Redeemable Convertible Non cumulative Preference Shares |
Rs.100/- each |
Rs.130.000 Millions |
|
|
Total |
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4001490 |
Equity Shares |
Rs.10/- each |
Rs.40.015
Millions |
|
1285000 |
5% Optionally Convertible Non cumulative Redeemable
Preference Shares |
Rs.100/-
each |
Rs.128.500
Millions |
|
|
Total |
|
Rs.168.515 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2010 |
30.09.2009 |
30.09.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
168.515 |
168.515 |
168.515 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
212.709 |
212.440 |
234.566 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
381.224 |
380.955 |
403.081 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
63.373 |
64.103 |
69.193 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
63.373 |
64.103 |
69.193 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
444.597 |
445.058 |
472.274 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
71.796 |
73.801 |
68.654 |
|
|
Capital work-in-progress |
30.000 |
31.175 |
0.00 |
|
|
|
|
|
|
|
|
INVESTMENT |
187.152 |
198.024 |
224.933 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
12.159
|
1.691 |
0.125 |
|
|
Cash & Bank Balances |
3.990
|
7.347 |
100.896 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
161.406
|
170.045 |
311.557 |
|
Total
Current Assets |
177.555
|
179.083 |
412.578 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.063
|
36.275 |
47.961 |
|
|
Other Current Liabilities |
3.706
|
0.223 |
130.980 |
|
|
Provisions |
1.137
|
0.527 |
54.950 |
|
Total
Current Liabilities |
21.906
|
37.025 |
233.891 |
|
|
Net Current Assets |
155.649
|
142.058 |
178.687 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
444.597 |
445.058 |
472.274 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2010 |
30.09.2009 |
30.09.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
33.455 |
10.714 |
58.445 |
|
|
|
Other Income |
34.687 |
32.940 |
14.117 |
|
|
|
TOTAL (A) |
68.142 |
43.654 |
72.562 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
51.690 |
43.386 |
128.582 |
|
|
|
TOTAL (B) |
51.690 |
43.386 |
128.582 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.452 |
0.268 |
(56.020) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.985 |
12.104 |
18.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.467 |
(11.836) |
(74.530) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.651 |
10.167 |
40.842 |
|
|
|
|
|
|
|
|
|
Add |
Exceptional
Items |
0.000 |
0.000 |
462.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(0.184) |
(22.003) |
346.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.453) |
0.123 |
43.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.269 |
(22.126) |
303.360 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
185.940 |
208.066 |
(84.019) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Preference Dividend |
0.000 |
0.000 |
9.637 |
|
|
|
Dividend Distribution Tax |
0.000 |
0.000 |
1.638 |
|
|
|
BALANCE CARRIED
TO THE B/S |
186.209 |
185.940 |
208.066 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
NA |
0.000 |
6.130 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.000 |
2.784 |
|
|
|
Stores & Spares |
NA |
0.000 |
0.442 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
3.226 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.07 |
(5.53) |
72.99 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2010 |
30.09.2009 |
30.09.2008 |
|
PAT / Total Income |
(%) |
0.39
|
(50.68) |
418.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.55)
|
(205.37) |
593.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.07)
|
(8.70) |
72.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
(0.06) |
0.86 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.22
|
0.27 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.11
|
4.84 |
1.76 |
LOCAL AGENCY FURTHER INFORMATION
Financial Results:
During the year the company has a total income
of Rs.68.100 Millions against Rs.43.700 Millions last year. There was a net profit
of Rs.0.300 Millions against a net loss of Rs.22.000 Millions in the previous
year. Un view of inadequate profit the Board of Directors has not recommended
any dividend.
Operations:
The marine Freight Container market continues
to be uninspiring. The company had obtained some orders for special containers
bunk houses. The arrangement with the lessee, to whom the Plant and machinery
were leased out as an economy measures, continued satisfactory dueling the
year. The orders procured by the company were executed by the lessee. Efforts
are on to increases the volume of work so that the operations reach sustainable
levels.
Contingent Liability:
(Rs. In Millions)
|
Particulars |
30.09.2010 |
30.09.2009 |
|
|
|
|
|
Claims against the
company not acknowledged as debts: |
|
|
|
Property Tax |
0.000 |
2.297 |
|
Sales Tax
Matters |
0.222 |
0.222 |
|
Excise Matters |
2.548 |
2.671 |
|
Provided Fund |
4.132 |
4.132 |
|
Labour Demands
|
14.900 |
14.900 |
Bankers Charges Report
as per Registry
|
Corporate identity number of the company |
U93090TN1995PLC032284 |
|
Name of the company |
DCM HYUNDAI LIMITED |
|
Address of the registered office or of the principal place of business in |
No 2, (Ground Floor),Shriram Nagar, E-mail : dcmhl@vsnl.net |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Movable property (not being pledge) |
|
Particular of charge holder |
DCM Shriram Industries Limited, E-Mail : dsil@dcmsr.com |
|
Nature of instrument creating charge |
Loan Agreement |
|
Date of instrument Creating the charge |
03.08.2009 |
|
Amount secured by the charge |
Rs.63.300 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As agreed between the parties. Terms of Repayment As agreed between the parties. Margin As agreed by DCM Shriram Industries. Extent and Operation of the charge 1st exclusive charge on the existing leased assets of the company
located at |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
1st exclusive charge on the existing leased assets of the company
located at |
Fixed Assets:
·
Plant and Machinery
·
Electrical Installations
·
Office Equipments
·
Furniture
·
Vehicle
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.50.56 |
|
|
1 |
Rs.81.05 |
|
Euro |
1 |
Rs.67.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.