|
Report Date : |
25.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DEEM ROLL-TECH LIMITED |
|
|
|
|
Registered
Office : |
Survey No.110/1, P-1, 110/2, Ganeshpura, Taluka Kadi, Mahesana-382729,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.05.2003 |
|
|
|
|
Com. Reg. No.: |
04-042325 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 10.312 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ2003PLC042325 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMD03315E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD9176A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Roll and Fibers Bearings. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 510000 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Long Term Scale) |
|
Rating Explanation |
The moderate-credit-quality rating assigned by ICRA. The rated
instruments carries higher than average credit risk |
|
Date |
January 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3 (Short Term Scale) |
|
Rating Explanation |
The moderate-credit-quality rating assigned by ICRA to short term debt
instruments. However, instruments need in this category carry higher credit
risk. |
|
Date |
January 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Kapil Basal |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9820006268 |
|
Date : |
25.08.2012 |
LOCATIONS
|
Registered Office / Factory 1 : |
Survey No.110/1, P-1, 110/2, Ganeshpura, Taluka Kadi, Mahesana-382729,
Gujarat, India |
|
Tel. No.: |
91-79-26851825 |
|
Mobile No.: |
91-9820006268 (Mr. Kapil Basal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Office : |
C/3-301, Anushruti Apartment, Opposite Newyork Tower, Near Jain
Mandir, S. G. Highway, Thaltej, Ahmedabad-380054, Gujarat, India |
|
|
|
|
Factory 2 : |
Plot No. 1006/1007, Chhatral GIDC, Chatral, Taluka Kalol, District
Gandhinagar-382729, Gujarat, India |
|
Tel. No.: |
91-2764-233099 |
|
Fax No.: |
91-2764-232199 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Ms. Jyoti Prasad Bhattacharya |
|
Designation : |
Managing Director |
|
Address : |
P-4, Shyam Tower, Parth Sarthi Avenue, Satellite, Ahmedabad-380015,
Gujarat, India |
|
Date of Birth/Age : |
11.10.1959 |
|
Date of Appointment : |
01.05.2003 |
|
DIN No.: |
00340485 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109GJ1994PLC023962 |
SHAIFALI
STEELS LIMITED |
Director |
01/04/2003 |
01/04/2003 |
31/03/2008 |
Active |
NO |
|
2 |
U27109GJ2003PLC042325 |
DEEM
ROLL-TECH LIMITED |
Managing
director |
01/10/2009 |
01/05/2003 |
- |
Active |
NO |
|
3 |
U27310GJ2004PLC044403 |
SHAIFALI
ROLLS LIMITED |
Director |
02/07/2004 |
02/07/2004 |
23/07/2008 |
Active |
NO |
|
4 |
U27100GJ2006PLC047841 |
UNISON
FORGINGS LIMITED |
Director |
01/03/2006 |
01/03/2006 |
11/02/2010 |
Active |
NO |
|
5 |
U27310GJ2008PTC053921 |
WONDER
CASTINGS PRIVATE LIMITED |
Director |
16/05/2008 |
16/05/2008 |
- |
Active |
NO |
|
6 |
U34300GJ2008PTC055746 |
DEEM
AUTO-TECH PRIVATE LIMITED |
Director |
23/12/2008 |
23/12/2008 |
- |
Active |
NO |
|
7 |
U55200GJ2011PTC063553 |
J R
D FOODS PRIVATE LIMITED |
Director |
08/01/2011 |
08/01/2011 |
09/04/2012 |
Active |
NO |
|
Name : |
Mr. Anup Kumar Mukherjee |
|
Designation : |
Director |
|
Address : |
Flat No-9, Astha Apartment, Opposite Sharnam-II, Satellite,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
05.10.1953 |
|
Date of Appointment : |
14.03.2010 |
|
DIN No.: |
02994111 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109GJ2003PLC042325 |
DEEM
ROLL-TECH LIMITED |
Director |
30/09/2010 |
14/03/2010 |
Active |
NO |
|
2 |
U27310GJ2008PTC053921 |
WONDER
CASTINGS PRIVATE LIMITED |
Additional
director |
16/03/2010 |
16/03/2010 |
Active |
NO |
|
Name : |
Ms. Ansua Acharya |
|
Designation : |
Director |
|
Address : |
P-26, Hanuman Camp, Shahibaug, Ahmedabad-380003, Gujarat, India |
|
Date of Birth/Age : |
05.12.1972 |
|
Date of Appointment : |
07.08.2009 |
|
Date of Cessation : |
25.03.2012 |
|
DIN No.: |
02147634 |
KEY EXECUTIVES
|
Name : |
Mr. Kapil Basal |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jyoti Prasad Bhattacharya |
315300 |
|
Madhuchhanda Bhattacharya |
284100 |
|
Debashish Choudhary |
16000 |
|
Harihar Engineering |
118700 |
|
Dev Bhattacharya |
100 |
|
Raima Bhattacharya |
106100 |
|
Anasua Acharya |
60100 |
|
Ishwerbhai Bhagwanbhai Patel |
2500 |
|
Mehul Dahyabhai Suthar |
1750 |
|
Bharat Kantilal Vaidya |
2500 |
|
Haresh Ishwarbhai Patel |
4300 |
|
Rajesh Manilal Makwana |
2500 |
|
Arvind Manilal Makwana |
2500 |
|
Alpesh Chandrakantbhai Gajjar |
6500 |
|
Sunny Prabhudas Makwana |
1500 |
|
Kailashben Manilal Makwana |
2500 |
|
Dharmistha Rajesh Makwana |
2500 |
|
Rajesh M Makwana HUF |
2500 |
|
Rajeshkumar Jayantilal HUF |
2500 |
|
Paresh Chunilal Panchal |
2500 |
|
Arcadia Mercantile Capital |
3750 |
|
Genus Commu-Trade Limited, India |
3750 |
|
Atul L Rathod |
2500 |
|
Vishnunath Hetram Verma |
2500 |
|
Amit Kumar Amiya Moy Chakraboty |
2500 |
|
Vivek P. Poddar |
5000 |
|
Krishnendu Roy |
5000 |
|
Supriyo Das |
5000 |
|
Sami Ahmed |
5000 |
|
Razi Ahmed |
5000 |
|
Debashish Acharya |
6840 |
|
Jyotiben Rakeshbhai Gandhi |
18250 |
|
Ajit Jawanmal Shah |
10000 |
|
Vishnubhai Gordhanbhai Patel |
4000 |
|
Sudha Bharat Agrawal |
2500 |
|
Milan Agrawal |
2500 |
|
Jigar Patel |
2500 |
|
Heena Patel |
2500 |
|
Bharat Agrawal |
2500 |
|
Shanabhai Rathod |
2700 |
|
TOTAL
|
1031240 |
AS ON 12.01.2012
|
Names of Alloteees |
No. of Shares |
|
Savan dineshbhai Contactor |
2500 |
|
Heenaben Harshbhai Patel |
2500 |
|
Jigar Ishwarbhai Patel |
5000 |
|
Haresh Ishwarbhai Patel |
2500 |
|
Geetaben Ishwarbhai Patel |
2500 |
|
Patel Vishnubhi Gordhanbhai |
2500 |
|
Bharat Kantilal Vaidya |
2500 |
|
Vasanaram Veeraram Ghanchi |
5000 |
|
Modaram Veeraram Modi |
2500 |
|
Babulala R Ghanchi |
2500 |
|
Babulal A Rana |
2500 |
|
Lalita M Modi |
2500 |
|
TOTAL |
35000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
86.00 |
|
Other top fifty shareholders |
14.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Roll and Fibers Bearings. |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Rolls |
In MT |
10000 |
8000 |
5048.19 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Trishul, 3rd Floor,
Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad-380006,
Gujarat, India ·
State Bank of India, Main Branch, Lal Darwaja,
Ahmedabad-380001, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh C Sharma and Company Chartered Accountant |
|
Address : |
305, Platinum Plaza, Near Judges Bunglow, Bodakdev, Ahmedabad-380054, Gujarat,
India |
|
PAN No.: |
ACKPS9424J |
|
|
|
|
Associates : |
·
Protima Engineering ·
Disha Enterprise |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1031240 |
Equity Shares |
Rs.10/- each |
Rs. 10.312
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1066240 |
Equity Shares |
Rs.10/- each |
Rs. 10.662
Millions |
|
|
|
|
|
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 |
10.312 |
10.062 |
8.728 |
|
|
2] Share Application Money |
0.000 |
0.000 |
1.500 |
|
|
3] Reserves & Surplus |
118.209 |
81.902 |
32.116 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
128.521 |
91.964 |
42.344 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
271.600 |
177.247 |
94.541 |
|
|
2] Unsecured Loans |
29.471 |
34.925 |
9.927 |
|
|
TOTAL BORROWING |
301.071 |
212.172 |
104.468 |
|
|
DEFERRED TAX LIABILITIES |
17.342 |
12.828 |
5.198 |
|
|
|
|
|
|
|
|
TOTAL |
446.934 |
316.964 |
152.010 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
195.071 |
184.449 |
64.501 |
|
|
Capital work-in-progress |
0.962 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.010 |
0.010 |
0.790 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
167.244
|
85.637 |
67.436 |
|
|
Sundry Debtors |
128.816
|
51.280 |
47.447 |
|
|
Cash & Bank Balances |
32.006
|
6.512 |
8.762 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
33.493
|
34.208 |
13.185 |
|
Total
Current Assets |
361.559
|
177.637 |
136.830 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
78.825
|
34.356 |
37.771 |
|
|
Other Current Liabilities |
21.343
|
2.914 |
6.928 |
|
|
Provisions |
10.500
|
7.862 |
5.412 |
|
Total
Current Liabilities |
110.668
|
45.132 |
50.111 |
|
|
Net Current Assets |
250.891
|
132.505 |
86.719 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
446.934 |
316.964 |
152.010 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
556.669 |
354.585 |
260.947 |
|
|
|
Other Income |
1.924 |
2.562 |
5.167 |
|
|
|
TOTAL (A) |
558.593 |
357.147 |
266.114 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
369.304 |
226.604 |
167.678 |
|
1 |
|
Stores and Packing Materials Consumption |
38.490 |
17.055 |
11.757 |
|
|
|
Manufacturing Expenses |
78.415 |
30.343 |
29.210 |
|
|
|
Payments to and Provisions for Employees |
28.797 |
20.429 |
12.592 |
|
|
|
Selling and Administrative Expenses |
33.492 |
26.018 |
14.791 |
|
|
|
Increase in Stocks |
(70.386) |
(31.186) |
(10.431) |
|
|
|
TOTAL (B) |
478.112 |
289.263 |
225.597 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
80.481 |
67.884 |
40.517 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.069 |
20.849 |
10.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.412 |
47.035 |
29.717 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.842 |
5.616 |
2.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.570 |
41.419 |
27.284 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.014 |
15.081 |
8.653 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.556 |
26.338 |
18.631 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
31.556 |
26.338 |
18.631 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
54.806 |
35.737 |
NA |
|
|
TOTAL EARNINGS |
54.806 |
35.737 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.655 |
0.000 |
NA |
|
|
|
Capital Goods |
4.085 |
1.871 |
NA |
|
|
|
Advance against capital goods |
1.033 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
7.773 |
1.871 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
30.60 |
26.17 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.65
|
7.37 |
7.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.37
|
11.68 |
10.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.37
|
11.44 |
13.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.45 |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.34
|
2.94 |
3.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.27
|
3.94 |
2.73 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
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 |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
PERFORMANCE
During the period the
company achieved a turnover of Rs. 556.669 Millions as compared to Rs. 354.585
Millions in the previous year registering an increase of 56.99%. Future outlook
is also good.
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Guarantees
issued by the company’s bankers on behalf of the company |
1.741 |
0.579 |
|
Letter of Credit Facilities provided by the
Bank |
19.577 |
16.980 |
FORM 8
|
Corporate
identity number of the company |
U27109GJ2003PLC042325 |
|
Name of the
company |
DEEM ROLL-TECH
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No.110/1, P-1, 110/2, Ganeshpura, Taluka Kadi, Mahesana-382729, Gujarat, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Others
(Stock and Current Assets) |
|
Particular of
charge holder |
Axis Bank Limited, Trishul, 3rd Floor, Opposite Samartheshwar
Temple, Law Garden Ellisbridge, Ahmedabad-380006, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
hypothecation of current assets (stock and book debts) |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest AT 4.75% above
Axis Bank's base rate i.e. 14.75% p.a. at present Terms of repayment Repayment on demand Margin Stocks - 25%
(only paid stocks) Book Debts - 50%
(not older than 90 days) Extent and operation of the charge Ad hoc Cash
Credit - Stand alone Hypothecation on all stock in trade both present and
future, stock including raw-material, stock in process, finished goods and other current assets |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation: -
Current Assets lying at Unit - I, at GIDC Industrial Estate, Vil: - Chhatral,
Gujarat, Unit - II, P-1, 110/2, Survey No. 110/1, Vil: - Ganeshpura, Gujarat
Taluka: and Unit No.III at Vil: Manza,
WB |
FIXED ASSETS
·
Land
·
Factory Shed
·
Plant and Machinery
·
Electric Installations
·
H T Furnace
·
Office Equipments
·
Computers
·
Fax Machine / Printers
·
Air Conditioners
·
Furniture and Fixtures
·
EPABX
·
Telephones
·
Xerox Machine
·
Refrigerator
·
Motor Cycle
·
Motor Vehicle
·
Bore Well
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. 55.38 |
|
|
1 |
Rs. 87.79 |
|
Euro |
1 |
Rs. 69.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.