1. Summary Information
|
|
|
Country |
|
|
Company Name |
POLYHOSE INDIA PRIVATE
LIMITED |
Principal Name 1 |
Mr. Shabbir
Yusufbhai Jamnagarwala |
|
Status |
Good |
Principal Name 2 |
Mrs. Nirmal Ramarathinam |
|
|
|
Registration # |
18-034257 |
|
Street Address |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Chennai – 600010, Tamilnadu |
||
|
Established Date |
24.01.1996 |
SIC Code |
-- |
|
Telephone# |
91-44-26412830 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-44-25325593 |
Business Style 2 |
Exporting |
|
Homepage |
Product Name 1 |
High Pressure Thermoplastic |
|
|
# of employees |
Not Available |
Product Name 2 |
Synthetic Rubber |
|
Paid up capital |
Rs.5000000/-
|
Product Name 3 |
Industrial Hoses and PVC Hoses |
|
Shareholders |
Bodies corporate (13.79%) Directors or relatives of directors (86.21%) |
Banking |
Canara Bank |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
A
(58) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Subsidiaries
|
-- |
Exit SA Grand Switzerland |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
453,317,000 |
Current Liabilities |
101,938,000 |
|
Inventories |
80,306,000 |
Long-term Liabilities |
33,863,000 |
|
Fixed Assets |
334,033,000 |
Other Liabilities |
28,448,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
164,249,000 |
|
Invest & other Assets |
176,326,000 |
Retained Earnings |
874,733,000 |
|
|
|
Net Worth |
879,733,000 |
|
Total Assets |
1,043,982,000 |
Total Liab. & Equity |
1,043,982,000 |
|
Total Assets (Previous Year) |
1254,353,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
655,963,000 |
Net Profit |
138,943,000 |
|
Sales(Previous yr) |
637,375,000 |
Net Profit(Prev.yr) |
171,234,000 |
MIRA
INFORM REPORT
|
Report Date : |
23.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
POLYHOSE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Chennai – 600010, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
24.01.1996 |
|
|
|
|
Com. Reg. No.: |
18-034257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209TN1996PTC034257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP02253G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAPY0428N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in Manufacturing and Exporting of High Pressure
Thermoplastic, Synthetic Rubber, Industrial Hoses and PVC Hoses. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be regular 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 : |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-26412830 / 26428093 / 26428116 /
26430052 |
|
Fax No.: |
91-44-25325593 / 26428093 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
1/119,
Kelambakkam - Vandalur Road, Utrhandi Village, Pudupakkam P.O., Chennai - 603
103, Tamilnadu, India |
|
Tel. No.: |
91-44-26412830 |
|
Fax No.: |
91-44-25325593 |
|
Area : |
12000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Santhankuppam
Village, Off Chennai. Tamilnadu, India |
|
Area : |
54000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 25.09.2010
|
Name : |
Mr. Shabbir
Yusufbhai Jamnagarwala |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Basera
Apartments, Flat No. 2C 46, Beasnt Avenue Road, Adyar, Chennai – 600020,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.04.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.01.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00958177 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ali Asger Shamsuddin Jamnagarwala |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
163, Santhome
High Road, Mylapore, Chennai – 600004, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.09.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.08.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01345230 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yousulf Ali Jamnagarawalla Shamsuddin |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
163, Santhome
High Road, Mylapore, Chennai – 600004, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.06 1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.01.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01755659 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajagopalan Krishnasamy |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 4, Old No.163, Santhome High Road, Mylapore, Chennai – 600004,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.06.1955 |
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|
Date of Appointment : |
30.06.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00556463 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Nirmal Ramarathinam |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.9, First
Floor, Coats Road, Chennai – 600017, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.12.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.06.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02809631 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2010
|
Names of Shareholders |
No. of Shares |
|
Y. J. Shabbir |
23525 |
|
Y. J. Shamsuddin |
3500 |
|
Y. J. Bakir |
1800 |
|
Y. J. Abbas |
1800 |
|
Aliasger Shamshuddin |
1500 |
|
S. Fakruddin |
500 |
|
Sakina Yousufali and Y. J. Shabbir |
2100 |
|
Fatihima Bai |
1000 |
|
Hasina Bai |
3000 |
|
Fathima Shabbir |
1400 |
|
Nafisa Shabbir |
9875 |
|
Total |
50000 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2010
|
Category |
Percentage |
|
Bodies corporate |
13.79 |
|
Directors or relatives of Directors |
86.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Manufacturing and Exporting of High Pressure
Thermoplastic, Synthetic Rubber,
Industrial Hoses and PVC Hoses. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of
Maharashtra, 116, Broadway Branch, Chennai – 600108, Tamilnadu, India ·
Small
Industries Development Bank of India, 480, Anna Salai, Nandanam, Chennai -
600034, Tamilnadu, India ·
Canara
Bank, Broadway, Chennai – 600108, Tamilnadu, India ·
HDFC
Bank Limited |
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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vairavanathan and Company Chartered Accountants |
|
Address : |
SM Plaza, 45/93, Armenian Street, 2nd Floor, Chennai – 600001,
Tamilnadu, India |
|
Fax No.: |
91-44-25222634 |
|
PAN.: |
AAEFV9577B |
|
|
|
|
Subsidiaries : |
·
Mega Rubber Products Private Limited CIN
No.: U31300MH1988PTC048980 ·
Exit SA Grand Switzerland |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
874.733 |
735.790 |
564.556 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
879.733 |
740.790 |
569.556 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.358 |
16.755 |
49.742 |
|
|
2] Unsecured Loans |
6.505 |
0.000 |
4.289 |
|
|
TOTAL BORROWING |
33.863 |
16.755 |
54.031 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
913.596 |
757.545 |
623.587 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
334.033 |
299.832 |
229.009 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
176.326 |
49.826 |
77.767 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
80.306
|
85.821
|
82.718 |
|
|
Sundry Debtors |
215.603
|
111.206
|
176.894 |
|
|
Cash & Bank Balances |
115.501
|
213.009
|
63.675 |
|
|
Other Current Assets |
18.501
|
18.460
|
9.669 |
|
|
Loans & Advances |
103.712
|
68.312
|
61.154 |
|
Total
Current Assets |
533.623
|
496.808
|
394.110 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
101.938
|
67.041
|
55.824 |
|
|
Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
28.448
|
21.880
|
21.475 |
|
Total
Current Liabilities |
130.386
|
88.921
|
77.299 |
|
|
Net Current Assets |
403.237
|
407.887
|
316.811 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
913.596 |
757.545 |
623.587 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
655.963 |
637.375 |
652.363 |
|
|
|
Other Income |
17.046 |
19.619 |
4.631 |
|
|
|
TOTAL (A) |
673.009 |
656.994 |
656.994 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
472.902 |
434.055 |
472.326 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
472.902 |
434.055 |
472.326 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
200.107 |
222.939 |
184.668 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.033 |
1.325 |
4.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
199.074 |
221.614 |
179.736 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.683 |
28.500 |
22.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
167.391 |
193.114 |
157.189 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.448 |
21.880 |
17.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
138.943 |
171.234 |
139.389 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
717.198 |
545.964 |
406.575 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
856.141 |
717.198 |
545.964 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
466.213 |
510.516 |
498.186 |
|
|
TOTAL EARNINGS |
466.213 |
510.516 |
498.186 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2778.86 |
3424.68 |
2787.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
20.64
|
26.06 |
21.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.52
|
30.30
|
24.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.29
|
24.24
|
25.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.26
|
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19
|
0.14
|
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.09
|
5.59
|
5.10 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
One more extruder has been added to PTFE Division during the year. The Company
has bought 80% Stake in Share of Exit SA, Switzerland, for the value of
Rs.60.000 Millions and 100% Stake in Shares of IND Chemicals Limited, Chennai,
for the value of Rs.70.000 Millions during the year.
Despite the Global Economic slowdown during the First Half of the
Financial Year, the performance of the Company was marginally increase from the
last year level. The turnover for the current year was Rs.656.000 Millions
against Rs.637.300 Millions in the previous year.
FORM 8
|
Corporate identity
number of the company |
U25209TN1996PTC034257 |
|
Name of the
company |
POLYHOSE INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Alsa Towers,
Commercial Block4, Basement 186/187 Poonamallee High
Road, Kilpauk, Chennai – 600010, Tamil Nadu, India Email Id : info@polyhose.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank,
Overseas Branch, No.770A, Anna Salai, Chennai – 600002, Tamil Nadu, India Email Id : managercb1826@canarabank.com |
|
Nature of
instrument creating charge |
1.Sanction
Memorandum 2. Common
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
14/07/2011 |
|
Amount secured by
the charge |
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest PC-FDB-FBE
-10.50% PCFC/BRD - 2% OVER THE RESPECTIVE LIBOR OCC/ODBD -
11.50%p.a. Terms of
repayment As per sanction
letter Margin PC/PCFC - 25%
FDB/FBE/BRD - NIL OCC/ODBD - 25% ILC/FLC(DA/DP) -
5% Extent and
operation of the charge PC/PCFC/FDB/FBE/BRD
- hypothecation of stock meant for exports and export receivables OCC/ODBD -
hypothecation of stock and book debts (local) ILC/FLC(DA/DP) -
hypothecation of goods to be procured out of LC |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
PC/PCFC/FDB/FBE/BRD
- hypothecation of stock meant for exports and export receivables OCC/ODBD -
hypothecation of stock and book debts (local) ILC/FLC(DA/DP) -
hypothecation of goods to be procured out of LC |
FIXED ASSETS
- Land
- Road and
Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- Office
Equipments
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.50.33 |
|
|
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.31 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.