|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
JMC PAPER TECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25-26/8/13, Nilsin Blue Factory Compound,
Phase-1, GIDC, Vatva, Ahmedabad-382445, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
19.07.2011 |
|
|
|
|
Com. Reg. No.: |
04-066396 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.175
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29293GJ2011PTC066396 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMJ04795A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pulper with
Belt Conveyor and Paper Machinery. |
|
|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of JMC Engineers a proprietory
concern started in the year 2002. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The concern 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Rajani Ambalal
Patel |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9825012168 |
|
Date : |
14.07.2012 |
LOCATIONS
|
Registered Office/ Factory : |
25-26/8/13, Nilsin Blue Factory Compound,
Phase-1, GIDC, Vatva, Ahmedabad-382445, Gujarat,
India |
|
Tel. No.: |
91-79-40014848/25830709/25892681 |
|
Mobile No.: |
91-9825012168 [Mr. Rajani Ambalal Patel] |
|
Fax No.: |
91-79-40014888/25830759 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 07.07.2011
|
Name : |
Mr. Rajani Ambalal
Patel |
|
Designation : |
Managing Director |
|
Address : |
10/B, Parul Nagar
Society, Bhyangdev Char Rasta, Ghatlodiya,
Ahmedabad-380061, Gujarat, India |
|
Date of Birth/Age : |
11.09.1971 |
|
Date of Appointment : |
19.07.2011 |
|
Din No.: |
03509671 |
|
|
|
|
Name : |
Mr. Mayankkumar Amrutlal
Suthar |
|
Designation : |
Director |
|
Address : |
D-4, Devbhumi Society, Ghodasar,
Ahmedabad-380050, Gujarat, India |
|
Date of Birth/Age : |
17.04.1970 |
|
Date of Appointment : |
19.07.2011 |
|
Din No.: |
03509669 |
|
|
|
|
Name : |
Mrs. Binaben Rajani
Patel |
|
Designation : |
Director |
|
Address : |
19/B, Parul Nagar
Society, Bhyangdev Char Rasta, Ghatlodiya,
Ahmedabad-380061, Gujarat, India |
|
Date of Birth/Age : |
12.11.1973 |
|
Date of Appointment : |
19.07.2011 |
|
Din No.: |
02441100 |
|
|
|
|
Name : |
Mr. Kanan Dhirendra
Patel |
|
Designation : |
Director |
|
Address : |
19/B, Parul Nagar
Society, Bhyangdev Char Rasta, Ghatlodiya,
Ahmedabad-380061, Gujarat, India |
|
|
|
|
Name : |
Mr. Rajesh Babubhai
Gajjar |
|
Designation : |
Director |
|
Address : |
223/2674, Pratiksha Apartments, Sola Road, Ahmedabad-380013, Gujarat, India |
|
|
|
|
Name : |
Mr. Nipam Jayantilal
Thakkar |
|
Designation : |
Director |
|
Address : |
C/5, Maitry Apartments, Suvas
Bunglow Compound, Shahibaug,
Ahmedabad-380004, Gujarat, India |
|
|
|
|
Name : |
Mr. Amarishkumar Dahyalal
Patel |
|
Designation : |
Director |
|
Address : |
53, Jankpuri Society, Opposite Smruti Mandir, Ghodasar, Ahmedabad-380050, Gujarat, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rajani Ambalal Patel |
|
681000 |
|
Mayankkumar Amrutlal Suthar |
|
1000 |
|
Binaben Rajani Patel |
|
2685000 |
|
Kanan Patel |
|
449000 |
|
Rajesh Babubhai Gajjar
|
|
500 |
|
Nipam Jayantilal Thakkar |
|
500 |
|
Amarishkumar Dahyalal Patel |
|
500 |
|
|
|
|
|
Total |
|
3817500 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pulper with
Belt Conveyor and Paper Machinery. |
|
|
|
|
Exports : |
|
|
Products : |
Pulper with Belt Conveyor and Paper Machinery |
|
Countries : |
·
Gulf County ·
Europe ·
US ·
UAE |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Others [Manufacturer] |
|
|
|
|
No. of Employees : |
150 [Approximately] |
|
|
|
|
Bankers : |
Union Bank of India, Gomtipur Branch,
Outside Gomtipur Gate, Ahmedabad-380021, Gujarat,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Surana Malu and
Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3817500 |
Equity Shares |
Rs.10/- each |
Rs.38.175
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 [Proprietorship] |
|
Sales Turnover [Approximately] |
|
320.000 |
220.000 |
Expected Sales (2012-13) : Rs.380.000 Millions.
The above information has been parted by Mr. Rajani
Ambalal Patel.
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
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 |
No |
|
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 |
No |
|
30) Major Shareholders, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10299918 |
|
Corporate
identity number of the company |
U29293GJ2011PTC066396 |
|
Name of the
company |
JMC PAPER TECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
25-26/8/13, Nilsin Blue Factory Compound,
Phase-1, GIDC, Vatva, Ahmedabad-382445, Gujarat,
India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
Union Bank of India, Gomtipur Branch,
Outside Gomtipur Gate, Ahmedabad-380021, Gujarat,
India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of composite hypothecation for CC (H), PC, FDBP, Term Loan, Sod (DEP) Supplemental
hypothecation agreement of goods and book debts Supplemental
memorandum of deposit of title deeds |
|
Date of instrument
Creating the charge |
24.11.2011 |
|
Amount secured by
the charge |
Rs.36.455
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Supplemental deed
of composite hypothecation for CC (H), PC, FDBP, Term Loan, sod (DEP) Supplemental
hypothecation agreement of goods and book debts Supplemental
memorandum of deposit of title deeds Terms of
Repayment As Per Sanction
Letter Margin CC Stock 25%, BD
50 % EPC under LC
: 10 % Term Loan : 40 % SOD ( DEP) Extent and
Operation of the charge The charge
operate in favour to bank to secure the repayment
of the amount due to the bank by the borrower under the various facilities
granted by the bank together with interest and other charges accruing thereon
and the costs and expenses incurred by the bank from time to time till the
adjustment thereof. |
|
Short particulars
of the property charged |
All that piece
and parcel of lease hold immovable property in Vatva
GIDC Plot No 25 + 26/8 + 13 Phase - I of GIDC admeasuring 1226.90 sq mtrs. Consisting
of revenue Survey Nos. 422/p, 423/p 432/p 431/P, 433 within
the Village limit of Vinzol Taluka
Dascroi Reg District Sub
District Ahmedabad - 5 (Narol). The non
agricultural free hold immovable property bearing hissa
no 6 admeasuring 957 sq ,mtrs ( 1166 sq yards) and hissa no 7 admeasuring 1402 sq mtrs
( 1677 sq yards ) or there about in revenue Survey no 512/1
and 512 /2 (Now New Survey No 512/2/1) lying being and situate at Mouje Village Ramol Taluka Dascroi Reg District Ahmedabad sub
District Ahmedabad -5 (Narol). Hypothecation of
stock and book debts, hypothecation of entire stock meant for export,
hypothecation of plant and machinery, lien on deposit worth Rs 23.722 Millions. |
|
Particulars of
the present modification |
By the present
modification over credit limit are Rs 36.455 Millions
as under : limit Rs. CC (H) 25.000 Millions EPC under LC 9.000 Millions Term Loan 2.455 Millions |
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.54.92 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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.