MIRA
INFORM REPORT
|
Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADDPRINT INDIA ENTERPRISES PRIVATE LIMITED |
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Registered
Office : |
33/2142, Majidha Building, Vellimdaukunnu, Kozhikode-673012, Kerala |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.09.1998 |
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Com. Reg. No.: |
09-012476 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.720
Million |
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CIN No.: [Company Identification
No.] |
U36991KL1998PTC012476 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHNA03686E |
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PAN No.: [Permanent Account No.] |
AACCA8925H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Stamp Holders, Stamp
Making Machines, Tile and Granit Manufactures and Crestwood Furnishings. |
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No. of Employees
: |
200 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 4500 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Devang Shah |
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Designation : |
Business Manager |
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Contact No.: |
91-9768243432 |
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Date : |
17.01.2012 |
LOCATIONS
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Registered Office/ Factory : |
33/2142, Majidha Building, Vellimdaukunnu, Kozhikode-673012, Kerala,
India |
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Tel. No.: |
91-495-2731966/2730972 |
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Mobile No.: |
91-9768243432 [Mr. Devang Shah] |
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Fax No.: |
91-495-2730490 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office: |
40-42, Image House, 11nd Floor, Manohar Das Street, 1st
Cross Line of Bora Bazar, Fort, Mumbai-400001, Maharashtra, India |
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Tel No.: |
91-22-66355023/66356577 |
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Branch Office: |
Also Located At:
·
New Delhi ·
Kolkata ·
Hyderabad ·
Chennai ·
Tirupur ·
Vadodara ·
Sudan ·
Dubai |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Abdulla Palliyulla Kariat Koya |
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Designation : |
Managing Director |
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Address : |
9/419, Noor Mahal, PO Arakkinar, Calicut-673028, Kerala, India |
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Date of Birth/Age : |
13.02.1957 |
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Date of Appointment : |
14.09.1998 |
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Din No.: |
00772496 |
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Other Directorship:
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Name : |
Mrs. Nazeema Adbulla Koya |
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Designation : |
Director |
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Address : |
9/419, Noor Mahal, PO Arakkinar, Calicut-673028, Kerala, India |
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Date of Birth/Age : |
20.05.1969 |
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Date of Appointment : |
14.09.1998 |
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Din No.: |
00772566 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Devang Shah |
|
Designation : |
Business Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Abdulla Palliyulla Kariat Koya |
|
360 |
|
Nazeema Adbulla Koya |
|
360 |
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Total |
|
720 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Stamp Holders, Stamp Making
Machines, Tile and Granit Manufactures and Crestwood Furnishings. |
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Products : |
·
Pre Inked Stamps ·
Self Inked Stamps ·
Stamp Holders ·
Stamp Manufacturing Machines ·
Laser Engraving Machines ·
Stamp Inks |
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Exports : |
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Countries : |
·
Sudan ·
Dubai ·
Africa ·
Europe ·
Japan ·
China |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Japan ·
UAE |
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Terms : |
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Selling : |
L/C / Cash / Creque |
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Purchasing : |
L/C / Cash / Creque |
GENERAL INFORMATION
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Suppliers : |
·
Sun Stamps ·
Shiny |
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
200 [Approximately] |
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Bankers : |
·
Canara Bank, Vellimadukunnu, Calicut-673012,
Kerala, India ·
Axis Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K. Sasidharan Chartered Accountants |
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Address : |
17/1141, B, Baramco Building, Jail Road Cross, Puthiyara P.O.
Calicut-673004, Kerala, India |
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Tel. No.: |
91-495-2727664 |
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Mobile No.: |
91-9846087856 |
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E-Mail : |
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Pan No.: |
AJVPS3024N |
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Associates/Subsidiaries : |
·
National Tiles Woks ·
Beta Granite Private Limited ·
Crest Wood Furnishing Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000 |
Equity Shares |
Rs.1000/- each |
Rs.4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
720 |
Equity Shares |
Rs.1000/- each |
Rs.0.720
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
0.720 |
0.720 |
0.720 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.414 |
0.210 |
0.094 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.134 |
0.930 |
0.814 |
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LOAN FUNDS |
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1] Secured Loans |
0.352 |
0.653 |
1.774 |
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2] Unsecured Loans |
3.587 |
3.987 |
2.799 |
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TOTAL BORROWING |
3.939 |
4.640 |
4.573 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.073 |
5.570 |
5.387 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.297 |
1.796 |
1.847 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
5.164
|
5.518 |
3.483 |
|
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Sundry Debtors |
2.109
|
0.964 |
1.468 |
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Cash & Bank Balances |
0.752
|
0.594 |
0.470 |
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Other Current Assets |
0.000
|
0.120 |
0.000 |
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Loans & Advances |
0.342
|
0.196 |
0.190 |
|
Total
Current Assets |
8.367
|
7.392 |
5.611 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
3.715
|
2.785 |
1.829 |
|
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Other Current Liabilities and Provisions |
0.876
|
0.833 |
0.242 |
|
Total
Current Liabilities |
4.591
|
3.618 |
2.071 |
|
|
Net Current Assets |
3.776
|
3.774 |
3.540 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
5.073 |
5.570 |
5.387 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
23.666 |
17.124 |
11.915 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.625 |
0.619 |
0.591 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.421 |
0.503 |
0.381 |
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PROFIT BEFORE
TAX |
0.204 |
0.116 |
0.210 |
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Less |
TAX |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
|
0.204 |
0.116 |
0.210 |
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EARNINGS IN
FOREIGN CURRENCY |
0.886 |
0.880 |
NA |
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|
Earnings Per
Share (Rs.) |
283.33 |
161.11 |
291.67 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.86
|
0.68 |
1.76 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.11
|
1.26 |
2.82 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.12 |
0.25 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
7.52
|
8.88 |
8.16 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
2.04 |
2.71 |
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 |
Yes |
|
5) Type of Business |
Yes |
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6) Line of Business |
Yes |
|
7) Promoter’s background |
-- |
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8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
No |
|
12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
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18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
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 |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
FINANCIAL
HIGHLIGHTS:
The turnover for the year shows 38.20% increases during the year, profit
before depreciation has also increased compared to previous year. They taken
several steps to reduce the overheads and boost up the sales turnover and hope
to achieve better results in coming years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U36991KL1998PTC012476 |
|
Name of the
company |
ADDPRINT INDIA
ENTERPRISES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
33/2142, Majidha Building, Vellimdaukunnu, Kozhikode-673012, Kerala,
India |
|
Type of charge |
Movable Property
[ not being pledge] |
|
Particular of
charge holder |
Canara Bank, Vellimadukunnu, Calicut-673012, Kerala, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Canmobile Agreement
dated 31.08.2009 |
|
Date of
instrument Creating the charge |
31.08.2009 |
|
Amount secured by
the charge |
Rs.0.250 Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest: 9.5%
p.a. compounded monthly. Terms of
Repayment Repayment:
Repayable in 36 Equated Monthly Installments (EMI) of Rs.8100/- w.e.f
30.09.2009 Differential amount if any to be period with last installments. Margin Difference
between Invoice value/Purchase price and Loan Amount. Extent and
Operation of the charge First charge on
the vehicle hypothecated. Others Nature of
facility : Vehicle Loan of Rs.0.250 Million (Canara Mobile) |
|
Short particulars
of the property charged |
Hypothecation of
One Maruti Alto Car (ALTO LXI BS-III with IMM) with Engine No.3723599, Chasis
No.MA3EYD81S01462365 and Color: Firebrick Red-ZNW. |
FIXED ASSETS:
·
Furniture and Fittings
·
Accessories
·
Sing Board
·
Car
·
Machinery
·
Computer
·
Scooter
·
Software
·
Air Conditioner
·
Generators
·
Maruti Auto Car
·
Innova Car
·
Fax Machine
·
Electrical Fittings
·
Fan
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 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.50.29 |
|
|
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.67 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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.