MIRA
INFORM REPORT
|
Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAJA UDYOG PRIVATE LIMITED(w.e.f.29.03.2008) |
|
|
|
|
Formerly Known
as: |
RAJA BISCUIT INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
267-A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.02.2001 |
|
|
|
|
Com. Reg. No.: |
21-092881 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.263.966 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15412WB2001PTC092881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR07882A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR0764P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Biscuits, Snacks, Coconut Oil, Printed and Laminates
Rolls and Pouches, Metalized Polyester and Metailized Holography and Medical
Instruments |
|
|
|
|
No. of
Employees: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 3800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears accumulated losses recorded by the company. However, trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. 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) |
|
|
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. Subhash Jain |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-33-39185555 |
|
Date : |
19.06.2012 |
LOCATIONS
|
Registered Office : |
267-A, |
|
Tel. No.: |
91-33-39185555 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
16F |
|
|
|
|
Corporate Office : |
No 8, Circular Court, Building, 3rd Floor, AJC Bose Road, Circus
Avenue, Kolkata -700017, West Bengal, India |
|
Tel. No.: |
91-33-39185555 |
|
|
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Pushpa Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
R.K Dev Path, Titagarh 24, PGS (North), West Bengal -700119, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1963 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.02.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00518230 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Loknath Prasad Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
R.K Dev Path, Titagarh 24, PGS (North), West Bengal -700119, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.09.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.02.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00518265 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sumitra Devi Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
R.K Dev Path, Titagarh 24, PGS (North), West Bengal -700119, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.12.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.02.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00518305 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Omprakash Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
R.K Dev Path, Titagarh 24, PGS (North), West Bengal -700119, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.02.1984 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.06.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00518332 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jay Prakash Gupta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
R.K Dev Path, Titagarh 24, PGS (North), West Bengal -700119, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.03.1987 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
03160556 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Subhash Jain |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ashirwad Fashion Limited, |
|
268000 |
|
Babita Gupta |
|
435300 |
|
Brajfham Merchintle Private Limited, |
|
440000 |
|
Brinda Prasd Gupta |
|
143500 |
|
Cosmat Traders Private Limited, |
|
21104040 |
|
Dani Prasad Gupta |
|
90000 |
|
Divyajoti Vypar Private Limited, |
|
114000 |
|
Gurukul Merchintle Private Limited, |
|
1604000 |
|
Hena Fashion Private Limited, |
|
254000 |
|
Jay Prakash Gupta |
|
80000 |
|
Jupitar Merchintle Private Limited, |
|
60000 |
|
Kailash Prasad Gupta |
|
183750 |
|
|
|
60000 |
|
Lakhi Gupta |
|
80000 |
As on 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
62.57 |
|
Directors or relatives of directors |
|
36.83 |
|
Other top fifty shareholders |
|
0.60 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Biscuits, Snacks, Coconut Oil, Printed and Laminates Rolls
and Pouches, Metalized Polyester and Metailized Holography and Medical
Instruments |
|
|
|
|
Terms : |
|
|
Selling : |
Cash/Credit (30 to 60 Days) |
|
|
|
|
Purchasing : |
Cash/Credit (30 to 60 Days) |
PRODUCTION STATUS As on 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Biscuit and Edible Coconut Oil (kolkata unit -I) |
MT |
28000 |
13340..71 |
|
Biscuits(Haridwaar Unit) |
MT |
17000 |
14474.33 |
|
Mini Techno |
|
|
52 |
GENERAL INFORMATION
|
|
|
|||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of ·
State Bank of |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Rs.
In Millions
(A) secured loan against hypothecation of car is equal to Rs.19.087 Millions less Interest suspense Rs.2.508 Millions (i.e., Rs.19.086 Millions -2.508 Millions ) resulting the final amount as Rs.16.577 Millions |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Tulsyan Ashok Kumar Chartered Accountant |
|
Address : |
|
|
Pan No.: |
ABIPT7263M |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36500000 |
Equity Share |
Rs.10/- each |
Rs.365.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26395650 |
Equity Share |
Rs.10/- each |
Rs.263.966Millions
|
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 |
263.966 |
258.567 |
258.567 |
|
|
2] Share Application Money |
35.000 |
15.050 |
15.300 |
|
|
3] Reserves & Surplus |
655.794 |
611.080 |
780.585 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(162.417) |
|
|
NETWORTH |
954.760 |
884.697 |
892.035 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
43.578 |
28.517 |
22.275 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
43.578 |
28.517 |
22.275 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
998.338 |
913.214 |
914.310 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
640.722 |
633.491 |
674.820 |
|
|
Capital work-in-progress |
26.621 |
53.018 |
55.735 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.850 |
0.850 |
0.850 |
|
|
DEFERREX TAX ASSETS |
3.746 |
0.976 |
8.625 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
180.663
|
196.061 |
152.923 |
|
|
Sundry Debtors |
206.705
|
163.757 |
121.923 |
|
|
Cash & Bank Balances |
27.775
|
18.679 |
22.885 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
139.620
|
77.698 |
71.951 |
|
Total
Current Assets |
554.763
|
456.195 |
369.682 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
148.473
|
145.664 |
142.299 |
|
|
Other Current Liabilities |
68.161
|
73.279 |
41.170 |
|
|
Provisions |
11.730
|
12.373 |
11.933 |
|
Total
Current Liabilities |
228.364
|
231.316 |
195.402 |
|
|
Net Current Assets |
326.399
|
224.879 |
174.280 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.0000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
998.338 |
913.214 |
914.310 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1630.060 |
1494.332 |
1400.582 |
|
|
|
Other Income |
3.301 |
12.041 |
7.273 |
|
|
|
TOTAL (A) |
1633.361 |
1506.373 |
1407.855 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material Consumed |
1065.262 |
964.657 |
|
|
|
|
Packing material Consumed |
48.324 |
70.818 |
|
|
|
|
Operating Expense |
265.808 |
248.910 |
|
|
|
|
Administrative and Other Expenditure |
135.195 |
158.038 |
|
|
|
|
Loss on sale of Fixed assets |
0.126 |
0.482 |
|
|
|
|
Prior period Expenses |
0.011 |
0.308 |
|
|
|
|
Increase /Decrease in stock |
20.193 |
(15.890) |
|
|
|
|
TOTAL (B) |
1534.919 |
1427.323 |
1288.676 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
98.442 |
79.050 |
119.179 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.512 |
3.960 |
40.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
93.930 |
75.090 |
78.499 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
73.586 |
74.368 |
75.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.344 |
0.722 |
3.142 |
|
|
|
|
|
|
|
|
|
Add |
Differed Tax
Assets (H) |
2.770 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
Differed Tax
Liability |
0.000 |
7.649 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax
earlier years |
0.000 |
0.160 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Provision for
Fringe Benefit Tax |
0.000 |
0.000 |
0.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
23.114 |
(7.087) |
2.291 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(169.504) |
(162.417) |
(164.708) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(146.390) |
(169.504) |
(162.417 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
125.05 |
10.731 |
19.537 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Components |
0.000 |
0.401 |
5.636 |
|
|
|
Capital Goods |
10.320 |
0.000 |
2.236 |
|
|
|
TOTAL IMPORTS |
10.320 |
0.401 |
7.872 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.88 |
NA |
NA |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover(Approximately) |
|
|
1700.000 |
|
|
|
|
|
Expected Sales (2010-2011): Rs.2000.000 Millions
The above information has been parted by Mr. Subhash Jain
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.42
|
0.47 |
0.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.25
|
0.05 |
0.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.70
|
0.07 |
0.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.42
|
0.29 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.43
|
1.97 |
1.89 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Note :
The Registered office of the company has been shifted
from 28 B Shakespeare Saraniflat No 3G Nilamber Apartment Ps Park Street Kolkata - 700017 West Bengal
Performance:
Company has geared up it Net sales volume to Rs.1630.000
Millions in the year 2010-2011 from Rs.
1494.300 Millions during the financial year ended 31S March,2010 despite of
very tough competition with the Giant Industries in these sector and they
expected to rise the same in many fold during the current financial year also.
The Biscuit Industries has witness a rapid growth in the market, especially in
CONTINGENT LIABILITY
NOT PROVIDED FOR IN BOOKS:
i. Claims against the company not acknowledged as debts:
a. Disputed demand in relation to Entry Tax imposed by the State Government of Rs.18.35 lacs Matter is pending with Allahabad High Court for the entire State.
b. Central Excise demand of Rs.95.521 Millions in addition to the equivalent interest & penalty received last year is still under litigation at CESTAT against which Rs.3.723 Millins has been deposited under protest. Additional liability if any will be provided for on the final adjudication
c. Central Excise demand of Rs.13.403 Millions in addition to the equivalent interest and penalty received last year is still under litigation at CESTAT, Kolkata-lll. The company has deposited Rs.6.701 Millions out of the above amount under protest.
d. Bank Guarantee given by the Division Bankers is Rs.4.800
Millions (Previous Year Rs.3.700 Millions).
Form : 8
|
Corporate identity number of the company |
U15412WB2001PTC092881 |
|
Name of the company |
RAJA UDYOG PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
267-A, Email: ajabiscuits@vsnl.net |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10337331 |
|
Type of charge |
·
Movable property (not being pledge) ·
Immovable
Property ·
Book
Debts ·
Floating
Charge ·
Others
|
|
Particular of charge holder |
Yes Bank
Limited, 9th Floor, Nehru Centre, Discovery of Email: delhicadmidoffice@yesbank.in |
|
Nature of instrument creating charge |
Memorandum of Entry dated March 30, 2012. |
|
Date of instrument Creating the charge |
30.03..2012 |
|
Amount secured by the charge |
Rs.100.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest CC: Yes Bank Base Rate plus 2% p.a. WCDL -
(For Tenor up to 30 days): Yes Bank Base Rate plus 1.5% p.a. -
(For Tenor Exceeding 30 days): To be decided at the time of disbursement. Terms
of repayment Cash Credit (CC) (INR 100,000,000) :
Payable on demand Sub limit of 1 1a Working Capital Demand Loan (WCDL):
Bullet Repayment of the principal amount at the end of the tenor. Margin For CC/ WCDL: 25% on [Debtors (not more
than 90 days old) plus stocks minus creditors] Extent
and Operation of the charge: First Pari Passu charge on whole of the
current assets (both present and future) of the company 2. First Pari Passu charge on all the
movable fixed assets (both present and future) of the company 3. Exclusive charge by way of Equitable
Mortgage on Industrial Plots No. D-53, D-54, D-55, D-56 and D-57 located at
Block D, Sector 63 NOIDA |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
First Pari Passu charge on whole of the Current
Assets including stocks of raw material, semi-finished & finished goods,
stores & spares, bills receivables and book debts (both present and
future). First Pari Passu charge on all the movable fixed assets including
plant and machinery located anywhere in India (both present and future)
Exclusive charge by way of Equitable Mortgage on Industrial Plots No. D-53,
D-54, D-55, D-56 and D-57 admeasuring 1000 Sq. Mtrs. each located at Block D,
Sector 63 NOIDA |
|
Particulars of the present modification |
Present modification is pursuant to
following changes: Existing Working Capital facilities (CC /
WCDL) of INR 100 MM shall now be additionally secured by Exclusive charge by
way of Equitable Mortgage on Industrial Plots No. D-53, D-54, D-55, D-56 and
D-57 admeasuring 1000 sq. mtrs each located at Block D, Sector 63 NOIDA. |
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.