1. Summary Information
|
|
|
Country |
|
|
Company Name |
KALAMKARI DESIGNS PRIVATE LIMITED |
Principal Name 1 |
Mr. Suresh Chander Kumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mohinder Midha |
|
|
|
Registration # |
21-030487 |
|
Street Address |
138 Beliaghata
Road, Kolkata – 700015, West Bengal, India |
||
|
Established Date |
08.04.1976 |
SIC Code |
-- |
|
Telephone# |
91-33-22519339 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Readymade Ladies
Garments |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.3,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 0.29% Directors or relatives of Directors - 80.28% Other top fifty shareholders- 19.43% |
Banking |
Canara Bank |
|
Public Limited Corp. |
NO |
Business Period |
36 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(47) |
|
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 |
122,358,000 |
Current Liabilities |
91,022,000 |
|
Inventories |
82,018,000 |
Long-term Liabilities |
55,766,000
|
|
Fixed Assets |
128,422,000 |
Other Liabilities |
19,227,000 |
|
Deferred Assets |
2,831,000 |
Total Liabilities |
166,015,000 |
|
Invest& other Assets |
21,754,000 |
Retained Earnings |
187,868,000 |
|
|
|
Net Worth |
191,368,000 |
|
Total Assets |
357,383,000 |
Total Liab. & Equity |
357,383,000 |
|
Total Assets (Previous Year) |
306,168,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
342,204,000 |
Net Profit |
1,155,000 |
|
Sales(Previous yr) |
353,096,000 |
Net Profit(Prev.yr) |
6,024,000 |
MIRA INFORM
REPORT
|
Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KALAMKARI DESIGNS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
138 Beliaghata Road, Kolkata – 700015, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.04.1976 |
|
|
|
|
Com. Reg. No.: |
21-030487 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111WB1976PTC030487 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK00974B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ladies
Readymade Garments |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 770000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There is some
dip in profitability of the company but the net worth appears to be sound.
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) |
|
|
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 : |
138, Beliaghata Road, Kolkata – 700015, West Bengal, India |
|
Tel. No.: |
91-33-22519339 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
280, Udyog Vihar, Phase-II Gurgaon-122016, Haryana, India |
|
Tel. No.: |
91-124-4004001 |
|
Fax No.: |
91-124-4004009 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Suresh Chander Kumar |
|
Designation : |
Director |
|
Address : |
F-14/15, Pushpanjali Farms, Bijwasan, New Delhi – 110037, India |
|
Date of Birth/Age : |
14.11.1940 |
|
Date of Appointment : |
08.04.1976 |
|
Election Commission Identity Card No.: |
NRX0644658 |
|
DIN No.: |
00286191 |
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 |
U17111WB1976PTC030487 |
KALAMKARI
DESIGNS PRIVATE LIMITED |
Director |
08-04-76 |
08-04-76 |
- |
Active |
NO |
|
2 |
U17111WB1976PTC030550 |
SHAKA
GARMENTS PRIVATE LIMITED |
Director |
28-05-76 |
28-05-76 |
- |
Active |
NO |
|
3 |
U74899DL1987PTC027474 |
GENESIS
AGRO PRIVATE LIMITED |
Director |
01-04-87 |
01-04-87 |
- |
Active |
NO |
|
4 |
L51109WB1982PLC035605 |
BAZEL
INTERNATIONAL LIMITED |
Director |
27-07-93 |
27-07-93 |
25-03-09 |
Active |
NO |
|
5 |
U51909WB1976PTC030647 |
RITIKA
PRIVATE LIMITED |
Director |
23-09-95 |
23-09-95 |
- |
Active |
NO |
|
6 |
U74899DL1983PTC015579 |
RAKUSHKA
INTERNATIONAL PRIVATE LIMITED |
Director |
29-08-96 |
29-08-96 |
- |
Active |
NO |
|
7 |
U74899DL1991PLC045623 |
ARCHER
RESORTS AND RECREATION LIMITED |
Director |
30-09-99 |
30-09-99 |
- |
Active |
NO |
|
8 |
U72900DL2000PTC105620 |
RITU
KUMAR DOT COM PRIVATE LIMITED |
Director |
09-05-00 |
09-05-00 |
- |
Active |
NO |
|
9 |
U51100DL2000PTC106571 |
AD-LIB
ENTERTAINMEMNT PRIVATE LIMITED |
Director |
03-07-00 |
03-07-00 |
- |
Active |
NO |
|
10 |
U70109WB1997PTC083307 |
AAKANCHA
PROPERTIES PRIVATE LIMITED |
Director |
15-01-02 |
15-01-02 |
- |
Active |
NO |
|
11 |
U67100DL2011PTC225064 |
RITU
KUMAR HOLDINGS PRIVATE LIMITED |
Director |
14-09-11 |
14-09-11 |
- |
Active |
NO |
|
12 |
U70109WB2012PTC180475 |
BELIAGHATA
PROPERTIES PRIVATE LIMITED |
Director |
16-04-12 |
16-04-12 |
- |
Active |
NO |
|
Name : |
Mr. Mohinder Midha |
|
Designation : |
Director |
|
Address : |
114, Novjeevan Vihar, New Delhi – 110020, India |
|
Date of Birth/Age : |
05.11.1952 |
|
Date of Appointment : |
01.04.1986 |
|
Election Commission Identity Card No.: |
TZD0784124 |
|
DIN No.: |
00286157 |
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 |
U17111WB1976PTC030487 |
KALAMKARI
DESIGNS PRIVATE LIMITED |
Director |
01-04-86 |
01-04-86 |
- |
Active |
NO |
|
2 |
U74899DL1987PTC028088 |
MAATRA
ANCILLARIES PRIVATE LIMITED |
Director |
06-10-95 |
06-10-95 |
- |
Active |
NO |
|
3 |
U74899DL1983PTC015579 |
RAKUSHKA
INTERNATIONAL PRIVATE LIMITED |
Director |
29-08-96 |
29-08-96 |
- |
Active |
NO |
|
Name : |
Mrs. Ritu Kumar |
|
Designation : |
Director |
|
Address : |
F-14/15, Pushpanjali Farms, Bijwasan, New Delhi – 110037, India |
|
Date of Birth/Age : |
11.11.1944 |
|
Date of Appointment : |
08.04.1976 |
|
Election Commission Identity Card No.: |
NRX0644658 |
|
DIN No.: |
00288210 |
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 |
U17111WB1976PTC030487 |
KALAMKARI
DESIGNS PRIVATE LIMITED |
Director |
08-04-76 |
08-04-76 |
- |
Active |
NO |
|
2 |
U74899DL1987PTC027474 |
GENESIS
AGRO PRIVATE LIMITED |
Director |
01-04-87 |
01-04-87 |
- |
Active |
NO |
|
3 |
U74899DL1983PTC015579 |
RAKUSHKA
INTERNATIONAL PRIVATE LIMITED |
Director |
29-08-96 |
29-08-96 |
- |
Active |
NO |
|
Name : |
Mr. Amrish Prakash Kumar |
|
Designation : |
Additional director |
|
Address : |
F-14/15, Pushpanjali Farms, Bijwasan, New Delhi – 110037, India |
|
Date of Birth/Age : |
05.10.1977 |
|
Date of Appointment : |
05.10.2005 |
|
Election Commission Identity Card No.: |
NRX0644682 |
|
DIN No.: |
00286225 |
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 |
U51909WB1976PTC030647 |
RITIKA
PRIVATE LIMITED |
Additional
director |
05-10-05 |
05-10-05 |
- |
Active |
NO |
|
2 |
U17111WB1976PTC030487 |
KALAMKARI
DESIGNS PRIVATE LIMITED |
Additional
director |
05-10-05 |
05-10-05 |
- |
Active |
NO |
|
3 |
U67100DL2011PTC225064 |
RITU
KUMAR HOLDINGS PRIVATE LIMITED |
Director |
14-09-11 |
14-09-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Suresh Chander Kumar |
|
6700 |
|
Ritu Kumar |
|
6500 |
|
Naresh Kumar |
|
400 |
|
Kamlesh Kumar |
|
400 |
|
Subhas Latta Kumar |
|
200 |
|
Ashvin Kumar |
|
6950 |
|
Amrish Prakash Kumar |
|
6950 |
|
Shaka Garments Private Limited, India |
|
100 |
|
S C Kumar and Sons HUF |
|
6800 |
|
Total |
|
35000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.29 |
|
Directors or relatives of Directors |
80.28 |
|
Other top fifty shareholders |
19.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ladies
Readymade Garments |
PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Ladies Readymade Garments |
Pcs |
1160159 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House Senapati Bapat
Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India ·
Canara Bank, Entally Branch |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
APT Associates Chartered Accountants |
|
Address : |
B-36, Sagar Apartments, 6, Tilak Marg, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23386225 / 23386582 |
|
Fax No.: |
91-11-23389814 |
|
PAN.: |
AAEFA4171C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs.100/-
each |
Rs.3.500 Millions |
|
|
|
|
|
Note:
a) 515 Shares have been allotted as
fully paid pursuant to contract without
payment being received in cash
b) 3500 Shares have been allotted as fully paid bonus shares by
capitalization of part of General Resave.
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 |
3.500 |
3.500 |
3.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
187.868 |
186.714 |
180.690 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
191.368 |
190.214 |
184.190 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
55.666 |
55.638 |
34.577 |
|
|
2] Unsecured Loans |
0.100 |
0.100 |
0.100 |
|
|
TOTAL BORROWING |
55.766 |
55.738 |
34.677 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
247.134 |
245.952 |
218.867 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
128.422 |
96.160 |
54.458 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
21.754 |
30.127 |
42.043 |
|
|
DEFERREX TAX ASSETS |
2.831 |
3.090 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
82.018
|
60.584 |
60.457 |
|
|
Sundry Debtors |
66.701
|
55.341 |
58.312 |
|
|
Cash & Bank Balances |
9.900
|
10.579 |
14.476 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
45.757
|
50.287 |
43.361 |
|
Total
Current Assets |
204.376
|
176.791 |
176.606 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
45.069
|
37.955 |
36.332 |
|
|
Other Current Liabilities |
45.953
|
3.034 |
3.061 |
|
|
Provisions |
19.227
|
19.227 |
14.847 |
|
Total
Current Liabilities |
110.249
|
60.216 |
54.240 |
|
|
Net Current Assets |
94.127
|
116.575 |
122.366 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
247.134 |
245.952 |
218.867 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
342.204 |
353.096 |
309.604 |
|
|
|
Other Income |
NA |
37.037 |
38.465 |
|
|
|
TOTAL |
NA |
390.133 |
348.069 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
|
128.733 |
113.087 |
|
|
|
Manufacturing Expenses |
NA |
191.082 |
168.240 |
|
|
|
Operating and Administrative Expenses
|
|
29.169 |
29.158 |
|
|
|
Selling and Distribution Expenses |
|
13.604 |
9.947 |
|
|
|
Other Expenses |
|
16.299 |
13.381 |
|
|
|
(increase) / Decrease in stock |
|
(2.666) |
1.846 |
|
|
|
TOTAL |
NA |
376.221 |
335.659 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.618 |
13.912 |
12.410 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.204 |
6.598 |
5.637 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.414 |
7.314 |
6.773 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.259 |
1.290 |
4.916 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.155 |
6.024 |
1.857 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
38.176 |
32.152 |
30.295 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.331 |
38.176 |
32.152 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
343.077 |
297.218 |
|
|
TOTAL EARNINGS |
NA |
343.077 |
297.218 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
4.874 |
5.024 |
|
|
TOTAL IMPORTS |
NA |
4.874 |
5.024 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.00 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
1.54 |
0.53 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.41
|
2.07 |
2.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.42
|
2.68 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.87
|
0.61 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85
|
2.93 |
3.26 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
Operation:
During the year, the turnover of the company has reduced to Rs.342.204
Millions as compared to Rs.353.096 Millions in the previous year. The director
are hopeful to achieve better results
in the current year.
Contingent
Liability:
(Rs.
In Millions)
|
Particulars
|
31.03.2010 |
31.03.2009 |
|
Bank Guarantee |
0.100 |
0.100 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17111WB1976PTC030487 |
|
Name of the
company |
KALAMKARI DESIGNS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
138 Beliaghata
Road, Kolkata – 700015, West Bengal, India E-mail : ritucal@ritukumar.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10186785 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel
West, Mumbai - 400013, Maharashtra, India E-mail : RBBform8@hdfcbank.com
|
|
Nature of
instrument creating charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
04.02.2012 |
|
Amount secured by
the charge |
Rs.160.138
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the rate
as may be communicated by the Bank from time to time Terms of
Repayment Working capital
facility shall be payable on demand. Term loan
facility shall be repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge Hypothecation by
way of First Charge on Company's Stocks, Book Debts, Plant and Machinery and
Vehicles etc, to secure as a continuing security below for the repayment of
Rs.160.138 Millions together with interest, costs, charges, expenses and
other moneys due and payable by the Company to the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stock-in-trade, consisting
of raw materials, goods in process of manufacturing finished goods, and other
merchandise whatsoever being movable properties, now All the debts,
that is, all the book debts, outstanding, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights which are now The movable plant
and machinery and vehicles, which may now or at any time hereafter belong to
the Borrower or come to the Borrowers disposal any of the |
|
Date of
instrument modifying the charge |
26.11.2010 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.141.270 Millions to Rs.160.138 millions against
the security of Stocks and Book Debts, Plant and Machinery and Vehicles of
the Company. |
Fixed Assets:
·
Land
·
Building
·
Factory Shed
·
Plant and Machinery
·
Electric Installation
·
Air Conditioner
·
Refrigerator
·
Type Writer
·
Electronic Equipments
·
Weighing Machines
·
Office Equipments
·
Generator
·
Tube Well
·
Computers
·
Vehicles
·
Transformers
·
Furniture and Fixtures
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.51.63 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.