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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ENOX NON WOVEN PRIVATE LIMITED |
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Registered
Office : |
Plot No. G 2106, Medoda GIDC, Kishan Gate, |
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Country : |
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Date of
Incorporation : |
08.09.2011 |
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Com. Reg. No.: |
04-067061 |
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Capital
Investment / Paid-up Capital : |
Rs.4.703
Millions |
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CIN No.: [Company Identification
No.] |
U18109GJ2011PTC067061 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTE00429C |
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PAN No.: [Permanent Account No.] |
AACCE8159R |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business
: |
Manufacturer of Non Woven Fabric and Bags. |
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No. of Employees
: |
5 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete its one full year of operation.
Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured 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) |
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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. Champak Nathubhai Limbasiya |
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Designation : |
Director |
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Contact No.: |
91-9426466657 |
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Date : |
29.05.2012 |
LOCATIONS
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Registered Office/ Factory : |
Plot No. G 2106, Medoda GIDC, Kishan Gate, Kalawad Road, Taluka Lodhika,
Rajkot-360021, Gujarat, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9426466657 [Mr. Champak Nathubhai Limbasiya] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
1000 sq. mtr. |
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Location : |
Owned |
DIRECTORS
As on 07.09.2011
|
Name : |
Mr. Champak Nathubhai Limbasiya |
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Designation : |
Director |
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Address : |
Kings Land Park, Street No. 1, Opposite Ganesh Hall, Near Mayani
Chowk, Rajkot-360004, Gujarat, India |
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Date of Birth/Age : |
01.08.1978 |
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Date of Appointment : |
08.09.2011 |
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Din No.: |
03611441 |
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Name : |
Mr. Babubhai Rajabhai Limbasiya |
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Designation : |
Director |
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Address : |
Nagbai Krupa, 2, Mayani Nagar, Rajkot-360001, Gujarat, India |
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Date of Birth/Age : |
18.03.1961 |
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Date of Appointment : |
08.09.2011 |
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Din No.: |
00285301 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.09.2011
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Names of Shareholders |
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No. of Shares |
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Champak Nathubhai Limbasiya |
|
12000 |
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Rameshchandra Ramjibhai Toliya |
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6000 |
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Babubhai Rajabhai Limbasiya |
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12000 |
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|
|
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Total |
|
30000 |
As on 21.03.2012
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Names of Allottees |
|
No. of Shares |
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Kalpeshbhai Tarshibhai Limbasiya |
|
66855 |
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Bhaveshbhai Hirabhai Limbasiya |
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25025 |
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Anilbhai Babubhai Limbasiya |
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13025 |
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Naranbhai Nathubhai Limbasiya |
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11330 |
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Prafulbhai Hirabhai Limbasiya |
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13025 |
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Gangdashbhai Rajabhai Limbasiya |
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3330 |
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Kiranben Bhaveshbhai Limbasiya |
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11360 |
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Meetaben Anilbhai Limbasiya |
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11360 |
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Shobhnaben Prafulbhai Limbasiya |
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11360 |
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Chetanbhai Bachubhai Borsadiya |
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5000 |
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Pareshbhai Bachubhai Borsadiya |
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11660 |
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Hetalben Pareshbhai Borsadiya |
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6660 |
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Manishaben Ashokbhai Borsadiya |
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10000 |
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Champakbhai Nathubhai Limbasiya |
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90330 |
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Babubhai Rajabhai Limbasiya |
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61690 |
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Total |
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352010 |
As on 18.04.2012
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Names of Allottees |
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No. of Shares |
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Ramnikbhai Nathubhai Limbasiya |
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10000 |
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Krunalbhai Gangdashbhai Limbasiya |
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20000 |
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Nileshbhai Babubhai Limbasiya |
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5000 |
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Shandipbhai Tarshibhai Limbasiya |
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5000 |
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Kantaben Naranbhai Limbasiya |
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5000 |
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Champakbhai Nathubhai Limbasiya |
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6660 |
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Babubhai Rajabhai Limbasiya |
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10000 |
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Naranbhai Nathubhai Limbasiya |
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10000 |
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Gangdashbhai Rajabhai Limbasiya |
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16660 |
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Total |
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88320 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Non Woven Fabric and Bags. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers and End Users |
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No. of Employees : |
5 [Approximately] |
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Bankers : |
Small Industries Development Bank of India, 1st Floor, Nirmal,
Ramkrishnanagar Corner, Opposite Commissioner Bunglow, Off, Yagnik Road,
Rajkot-360001, Gujarat, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Busha Associates Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
470330 |
Equity Shares |
Rs.10/- each |
Rs.4.703
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U18109GJ2011PTC067061 |
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Name of the
company |
ENOX NON WOVEN
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. G 2106, Medoda GIDC, Kishan Gate, Kalawad Road, Taluka
Lodhika, Rajkot-360021, Gujarat, India
|
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property Others |
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Particular of
charge holder |
Small Industries Development Bank of India, 1st Floor,
Nirmal, Ramkrishnanagar Corner, Opposite Commissioner Bunglow, Off, Yagnik
Road, Rajkot-360001, Gujarat, India |
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Email |
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Nature of description
of the instrument creating or modifying the charge |
I) Memorandum of
Deposit of Title Deeds II) Deed of
Hypothecation III)
Hypothecation Agreement |
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Date of
instrument Creating the charge |
19.03.2012 |
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Amount secured by
the charge |
Rs.38.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For Term Loan -
12.25% For Working
Capital -13.75% Terms of
Repayment Term Loan:
Repayable in 60 Installments After Moratorium periods of 12 Months. Working Capital
limit is to be repaid on demand basis. Margin Building, Plant
and Machineries - 34.62 % on Total Project cost. Stock - 30% Book Debts - 40% Extent and
Operation of the charge First Charge of
SIDBI Others Nature of
Facilities: Term Loan 25.500
Millions Working Capital
Limit 12.500 Millions |
|
Short particulars
of the property charged |
Hypo. of all
stocks of r/m, work-in-process, semi finished goods, finished goods, packing
material, stores, receivables, book debts, plant-machineries/equipment,
furniture, fixture both present and future. First charge by
E/M of Factory Land and Building Situated at Plot No. G-2106, Metoda GIDC,
Kalawd Road, Taluka Lodhika, District Rajkot in the name of Enox Non Woven
Private Limited. |
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.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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.