MIRA
INFORM REPORT
|
Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
KARAMTARA FASTENERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
705, Morya Landmark II, New |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.10.2003 |
|
|
|
|
Com. Reg. No.: |
11-142645 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28991MH2003PTC142645 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK115903 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK1921E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Nut and Bolt |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
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 commitment. 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) |
|
India |
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 : |
705, Morya Landmark II, New |
|
Tel. No.: |
91-22-26731000 |
|
Fax No.: |
91-22-63731015 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
A – 12, MIDC Tarepur, Boisar, Thane, |
DIRECTORS
AS ON 09.09.2011
|
Name : |
Mr. Hanwant Manbir Tara Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswami Towers, Jaihind Society, 11th
Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1938 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No.: |
00583469 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
07/11/2001 |
07/11/2001 |
- |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13/10/2003 |
13/10/2003 |
- |
Active |
NO |
|
3 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18/05/2005 |
18/05/2005 |
- |
Active |
NO |
|
4 |
U28100MH1973PLC016533 |
E M
I TRANSMISSION LIMITED |
Director |
06/07/2006 |
06/07/2006 |
01/04/2012 |
Active |
NO |
|
5 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
13/01/2008 |
13/01/2008 |
- |
Active |
NO |
|
6 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09/09/2011 |
03/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rajiv Hanwant Manbir Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswami Towers, Jaihind Society, 11th
Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1973 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No.: |
01689209 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
15/05/1996 |
15/05/1996 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13/10/2003 |
13/10/2003 |
Active |
NO |
|
3 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
30/01/2004 |
30/01/2004 |
Active |
NO |
|
4 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18/05/2005 |
18/05/2005 |
Active |
NO |
|
5 |
U93000MH2010PTC200627 |
KARAMTARA
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
08/03/2010 |
08/03/2010 |
Active |
NO |
|
6 |
U01403MH2010PTC200904 |
KARAMTARA
AGROTECH PRIVATE LIMITED |
Director |
15/03/2010 |
15/03/2010 |
Active |
NO |
|
7 |
U45202MH2010PTC202907 |
KARAMTARA
REALITY PRIVATE LIMITED |
Director |
10/05/2010 |
10/05/2010 |
Active |
NO |
|
8 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09/09/2011 |
03/03/2011 |
Active |
NO |
|
9 |
U91110MH1999NPL122117 |
ENTREPRENEURS'
ORGANIZATION MUMBAI |
Director |
15/07/2011 |
15/07/2011 |
Active |
NO |
|
10 |
U45200MH2007PLC174147 |
PROZONE
CAPITAL SHOPPING CENTRES LIMITED |
Additional
director |
20/04/2012 |
20/04/2012 |
Active |
NO |
|
Name : |
Mr. Tanveer Hanwant Manbir Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswami Towers, Jaihind Society, 11th
Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1970 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No.: |
01689287 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08/05/1996 |
08/05/1996 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13/10/2003 |
13/10/2003 |
Active |
NO |
|
3 |
U27104MH2004PTC144308 |
POONA
GALVANIZERS PRIVATE LIMITED |
Director |
30/01/2004 |
30/01/2004 |
Active |
NO |
|
4 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18/05/2005 |
18/05/2005 |
Active |
NO |
|
5 |
U93000MH2010PTC200627 |
KARAMTARA
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
08/03/2010 |
08/03/2010 |
Active |
NO |
|
6 |
U01403MH2010PTC200904 |
KARAMTARA
AGROTECH PRIVATE LIMITED |
Director |
15/03/2010 |
15/03/2010 |
Active |
NO |
|
7 |
U45202MH2010PTC202907 |
KARAMTARA
REALITY PRIVATE LIMITED |
Director |
10/05/2010 |
10/05/2010 |
Active |
NO |
|
8 |
U28111DL2006PTC148519 |
SUNDER
ROLLING MILLS PRIVATE LIMITED. |
Director |
09/09/2011 |
03/03/2011 |
Active |
NO |
|
Name : |
Mr. Indeerjeet Hanwant
Manbir Singh |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Goswami Towers, Jaihind Society, 11th
Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1947 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No.: |
01689417 |
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 |
U45207MH1996PTC099333 |
KARAMTARA
ENGINEERING PRIVATE LIMITED |
Director |
08/05/1996 |
08/05/1996 |
Active |
NO |
|
2 |
U28991MH2003PTC142645 |
KARAMTARA
FASTENERS PRIVATE LIMITED |
Director |
13/10/2003 |
13/10/2003 |
Active |
NO |
|
3 |
U31200MH2005PTC153385 |
KARAMTARA
STEEL PRIVATE LIMITED |
Director |
18/05/2005 |
18/05/2005 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.09.2011
|
Names of Shareholders |
No. of Shares |
|
Singh Hanwant Manbir |
402500 |
|
Singh Indeerjeet H |
2500 |
|
Singh Tanveer H |
2500 |
|
Singh Rajiv H |
2500 |
|
Karamtara Engineering Private Limited, |
3090000 |
|
TOTAL |
3500000 |
AS ON 21.10.2011
|
Names of Allottee |
No. of Shares |
|
Karamtara Engineering Private Limited, |
2500000 |
|
TOTAL |
2500000 |
AS ON 09.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
88.29 |
|
Directors or relatives of Directors |
11.71 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Nut and Bolt |
|
|
|
|
Brand Names : |
‘’KFL’’ |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Nut Bolts |
MT |
9000 |
7671 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab and Sind Bank, Amrapali Shopping Centre,
JVPD Scheme, Juhu, Mumbai-400049, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chokshi and Chokshi Chartered Accountant |
|
Address : |
15/17, Raghav Ji Building, Ground Floor, Raghv Ji Road, Gowalia Tank
Kemps Corner, Mumbai-400036, Maharashtra, India |
|
Pan No.: |
AAAFC2633B |
|
|
|
|
Holding Company : |
Karamtara Engineering Private
Limited CIN No.:- U45207MH1996PTC099333 |
|
|
|
|
Fellow Subsidiaries (As On 31.03.2010) : |
Karamtara Steel Private Limited |
|
|
|
|
Associates (As On 31.03.2010) : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000
Millions |
|
|
|
|
|
AS ON 09.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 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 |
35.000 |
35.000 |
35.000 |
|
|
2] Share Application Money |
16.000 |
16.000 |
0.000 |
|
|
3] Reserves & Surplus |
98.377 |
56.382 |
27.518 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
149.377 |
107.382 |
62.518 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
201.919 |
58.750 |
56.506 |
|
|
2] Unsecured Loans |
67.000 |
5.000 |
0.000 |
|
|
TOTAL BORROWING |
268.919 |
63.750 |
56.506 |
|
|
DEFERRED TAX LIABILITIES |
21.427 |
5.041 |
3.842 |
|
|
|
|
|
|
|
|
TOTAL |
439.723 |
176.173 |
122.866 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
249.013 |
116.956 |
88.613 |
|
|
Capital work-in-progress |
4.380 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
111.520
|
133.436
|
87.078
|
|
|
Sundry Debtors |
304.230
|
141.282
|
46.736
|
|
|
Cash & Bank Balances |
56.883
|
35.033
|
16.620
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
36.237
|
47.330
|
43.933
|
|
Total
Current Assets |
508.870
|
357.081 |
194.367 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
297.979
|
275.819
|
143.224
|
|
|
Other Current Liabilities |
4.621
|
0.648
|
3.392
|
|
|
Provisions |
20.018
|
21.505
|
13.555
|
|
Total
Current Liabilities |
322.618
|
297.972 |
160.171 |
|
|
Net Current Assets |
186.252
|
59.109
|
34.196
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.078 |
0.108 |
0.057 |
|
|
|
|
|
|
|
|
TOTAL |
439.723 |
176.173 |
122.866 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
840.147 |
567.536 |
469.057 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
840.147 |
567.536 |
469.057 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
745.360 |
|
408.060 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
745.360 |
479.832 |
408.060 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
94.787 |
87.704 |
60.997 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.524 |
24.982 |
23.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
64.263 |
62.722 |
37.769 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.453 |
13.660 |
12.252 |
|
|
|
|
|
|
|
|
|
|
EXCESS DUE TO
CHANGE IN DEPRECIATION METHOD |
(22.071) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
75.881 |
49.062 |
25.517 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.887 |
20.198 |
8.729 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
41.994 |
28.864 |
16.788 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.199 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
37.795 |
28.864 |
16.788 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Plant and Machinery |
NA |
8.261 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
8.261 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.00 |
8.25 |
4.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.00
|
5.08 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.01
|
10.35 |
9.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.46 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.10
|
3.42 |
3.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.20 |
1.21 |
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. Constructions 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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
NOTE
Registered office has been shifted from 117, Morya Estate
Andheri Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India to the
present address.
PERFORMANCE
The Company has achieved gross sales of Rs. 911.200 Millions for the
year ended March 31, 2011. The Company posted net sales of Rs. 835.400 Millions
and profit before tax of Rs. 75.900 Millions for the financial year 2010-2011
as against net sales of Rs. 558.600 Millions and profit before tax of Rs.
49.100 Millions in 2009-2010. Earnings before interest, depreciation, tax and
amortization was Rs. 94.800 Millions for the financial year 2010-2011 as
against Rs. 87.700 Millions in 2009-2010.
FORM 8
|
Corporate
identity number of the company |
U28991MH2003PTC142645 |
|
Name of the
company |
KARAMTARA
FASTENERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India. |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Punjab and Sind Bank, Amrapali Shopping Centre, JVPD Scheme, Juhu, Mumbai-400049, Maharashtra, India |
|
Nature of
instrument creating charge |
(i) Hypothecation
of goods to secure a demand cash credit (4 nos.) (ii) Agreement for hypothecation
of debts and assets (6 nos.) (iii) Letter of hypothecation for inland /
foreign bills purchased advances against bills, for collection (2 nos.) (iv)
Agreement for hypothecation of book debts (2 nos.) and (v) Packing credit
agreement all together constituting a single charge |
|
Date of
instrument Creating the charge |
08.12.2011 |
|
Amount secured by
the charge |
Rs. 225.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC: 3.55% over
base rate and PC / PS: 0.50% over base rate both with monthly rests or at
such other rate as may be prescribed by the bank from time to time. Terms of repayment CC / PC / PS: On
demand ILC / FLC (DA 180
days): On due date BG (P/F): On
expiry Margin Margin to be
maintained for cash credit at 25% on stocks and book debts, for packing
credit at 10% and for ILC / FLC and BG each at 15% cash margin or at such
other rate as may be fixed by the bank from time to time. Extent and operation of the charge 1/ Charge shall
rank on first pari passu basis over current assets and movable fixed assets
(excl Plant and Machinery exclusively charged to Oriental Bank of Commerce)
along with charges created and / or to be created in favour of PSB, OBC, SCB
to the extent of Rs.225.000 Millions, Rs.125.000 Millions, Rs.150.000
Millions resp. 2/ Charge shall rank on first pari passu basis over Plant and
Machinery situated at MIDC, Tarapur b/w charge created in favour of Tata
Capital Limited to the extent of Rs.30.000 Millions. Other 1/ Security
created in respect of the following limits: - CC: Rs.65.000
Millions - PC / PCFC / PS
/ FOBNLC / FOUBP (DA – 180 days) within CC: (Rs.45.000 Millions) - ILC/FLC(DA up
to 180 days): Rs.16000.000 Millions BG [P/F] – (sub limit for LC): (Rs.15.000
Millions) Interchangeability
from CC to ILC / FLC is allowed 2/ Security to
cover the principal amount together with interest, charges, expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Stocks of raw
materials, semi finished goods, finished goods, whether raw materials or in
process of manufacture and all articles manufactured there from which now or
which may hereafter be at company's godowns or premises at Plot No. A-12,
MIDC, Tarapur 401506, Dist. Thane or wherever else the same may be including
any such goods in course of transit or delivery and other current assets
present and future and plant and machinery. All present and
future book debts, outstanding moneys, receivable, claims, bills, contracts,
securities, investments, bank deposit, rights and assets. Inland bills
covering railway receipts, road transport receipts, delivery orders, bills of
lading and other documents of title to goods, goods covered by the documents
accompanying the bills and /or their sale proceeds. Goods meant for
export viz., fasteners / nuts and bolts etc. |
FIXED ASSETS
·
Land and Building
·
Plant and Machinery
·
Electronic Equipments
·
Laboratory Equipment
·
Office Equipment
·
Motor Car
·
Computer
·
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. 55.36 |
|
|
1 |
Rs. 85.94 |
|
Euro |
1 |
Rs. 67.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.