1. Summary Information
|
|
|
Country |
|
|
Company Name |
Gupta H. C.
Overseas (I) Private Limited |
Principal Name 1 |
Mr. Ajay Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Gopal Gupta |
|
|
|
Registration # |
20- 35071 |
|
Street Address |
425, Near Tube Well Colony, |
||
|
Established Date |
25.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-562-2601500/ 4017900 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-562-2600300 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Ladies Leather Foot Wear. |
|
# of employees |
600
(approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.105,008,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100.00% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
4 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
321,733,000 |
Current Liabilities |
300,058,000 |
|
Inventories |
246,948,000 |
Long-term Liabilities |
456,273,000 |
|
Fixed Assets |
378,246,000 |
Other Liabilities |
25,405,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
781,736,000 |
|
Invest& other Assets |
39,965,000 |
Retained Earnings |
100,148,000 |
|
|
|
Net Worth |
205,156,000 |
|
Total Assets |
986,892,000 |
Total Liab. & Equity |
986,892,000 |
|
Total Assets (Previous Year) |
816,704,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,832,843,000 |
Net Profit |
38,449,000 |
|
Sales(Previous yr) |
1,418,614,000 |
Net Profit(Prev.yr) |
34,593,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA H. C. OVERSEAS (I) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
425, Near Tube Well Colony, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.04.2008 |
|
|
|
|
Com. Reg. No.: |
20- 35071 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.105.008 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900UP2008PTC035071 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AGRG10907B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG1250E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ladies Leather Foot Wear. |
|
|
|
|
No. of
Employees: |
600 (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 820000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of a partnership concern, Gupta Overseas. It is a company having moderate track. These is slide positive change
in the financial position of a company. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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/ Factory : |
425, Near Tube Well Colony, |
|
Tel. No.: |
91-562-2601500/ 4017900 |
|
Fax No.: |
91-562-2600300 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ajay Gupta |
|
Designation : |
Director |
|
Address : |
O-9, Lawyer’s Colony, |
|
Date of Birth/Age : |
07.01.1961 |
|
Qualification: |
B.Com |
|
Experience : |
28 Years |
|
Date of Appointment : |
25.04.2008 |
|
DIN No.: |
02098510 |
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 |
U74900UP2008PTC035071 |
GUPTA
H.C. OVERSEAS (I) PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
- |
Active |
NO |
|
2 |
U51909UP2010PTC040054 |
G.O.
TRADE VENTURE PRIVATE LIMITED |
Director |
30-03-10 |
30-03-10 |
- |
Active |
NO |
|
Name : |
Mr. Gopal Gupta |
|
Designation : |
Director |
|
Address : |
P-8, Lawyers Colony, |
|
Date of Birth/Age : |
04.08.1956 |
|
Qualification: |
B.Sc. |
|
Experience : |
34 Years |
|
Date of Appointment : |
25.04.2008 |
|
DIN No.: |
01615266 |
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 |
U70200UP2006PTC032460 |
LIFESTYLE
FARMS INDIA PRIVATE LIMITED |
Director |
16-10-06 |
16-10-06 |
- |
Active |
NO |
|
2 |
U74900UP2008PTC035071 |
GUPTA
H.C. OVERSEAS (I) PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
- |
Active |
NO |
|
3 |
U51909UP2010PTC040054 |
G.O.
TRADE VENTURE PRIVATE LIMITED |
Director |
29-03-10 |
29-03-10 |
- |
Active |
NO |
|
Name : |
Mr. Chetan Gupta |
|
Designation : |
Director |
|
Address : |
P-8, Lawyers Colony, |
|
Date of Birth/Age : |
07.08.1981 |
|
Qualification: |
Graduate in B.M. |
|
Experience : |
7 Years |
|
Date of Appointment : |
25.04.2008 |
|
DIN No.: |
02070596 |
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 |
U74900UP2008PTC035071 |
GUPTA
H.C. OVERSEAS (I) PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
- |
Active |
NO |
|
2 |
U51909UP2010PTC040054 |
G.O.
TRADE VENTURE PRIVATE LIMITED |
Director |
29-03-10 |
29-03-10 |
30-03-10 |
Active |
NO |
|
Name : |
Mr. Abhay Gupta |
|
Designation : |
Director |
|
Address : |
O-9, Lawyer’s Colony, |
|
Date of Birth/Age : |
02.06.1964 |
|
Qualification: |
B.Com |
|
Experience : |
27 Years |
|
Date of Appointment : |
25.04.2008 |
|
DIN No.: |
02070564 |
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 |
U74900UP2008PTC035071 |
GUPTA
H.C. OVERSEAS (I) PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
- |
Active |
NO |
|
2 |
U51909UP2010PTC040054 |
G.O.
TRADE VENTURE PRIVATE LIMITED |
Director |
29-03-10 |
29-03-10 |
- |
Active |
NO |
|
Name : |
Mr. Rishi Gupta |
|
Designation : |
Director |
|
Address : |
P-8, Lawyers Colony, |
|
Date of Birth/Age : |
10.09.1983 |
|
Qualification: |
MBA |
|
Date of Appointment : |
24.11.2008 |
|
DIN No.: |
02418088 |
KEY EXECUTIVES
|
Name : |
Ms. Kanika Gupta |
|
Designation : |
Company Secretary |
|
Address : |
34/52/1A/3A, Anurag Nagar, Agra – 282004, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.06.1988 |
|
Date of Appointment : |
05.08.2010 |
|
PAN No.: |
ATNPG1173C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Gupta |
|
3000000 |
|
Abhay Gupta |
|
5000000 |
|
Bina Gupta |
|
1000000 |
|
Ajay Gupta |
|
500000 |
|
Chetan Gupta |
|
400000 |
|
Ritu Gupta |
|
210000 |
|
Akshta Gupta |
|
90000 |
|
Arpit Gupta |
|
100 |
|
H.C Gupta (HUF) |
|
100 |
|
Rishi Gupta |
|
300000 |
|
H.C Gupta |
|
100 |
|
Shushila Gupta |
|
100 |
|
Gopal Gupta (HUF) |
|
100 |
|
Abhay Gupta (HUF) |
|
100 |
|
Ajay Gupta (HUF) |
|
100 |
|
Kapil Gupta |
|
100 |
|
Total |
|
10500800 |
AS ON 30.09.2011
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ladies Leather Foot Wear. |
GENERAL INFORMATION
|
No. of Employees : |
600 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Agra Mid Corporate Branch, 49/50,
Sulabh Puram, Sikandra Bodla Road,, Agra - 282007, Uttar Pradesh, India ·
Bank of India, Agra SME Branch, LIC Building, Sanjay Place, Agra – 282002,
Uttar Pradesh, India ·
HDFC Bank ·
Indusind Bank Limited ·
Punjab National Bank ·
State Bank of India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sahib P. Satsangee and Company Chartered Accountants |
|
Address : |
63, Nehru Nagar, |
|
Tel. No.: |
91-562-3293796/ 2520053 |
|
Fax No.: |
91-562-2520053 |
|
PAN No.: |
ABTPS6332H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- Each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10500800 |
Equity Shares |
Rs.10/- Each |
Rs.105.008
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 |
105.008 |
105.007 |
105.004 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
100.148 |
61.699 |
27.106 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
205.156 |
166.706 |
132.110 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
412.815 |
390.537 |
205.343 |
|
|
2] Unsecured Loans |
43.458 |
36.488 |
41.185 |
|
|
TOTAL BORROWING |
456.273 |
427.025 |
246.528 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
661.429 |
593.731 |
378.638 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
378.246 |
334.916 |
339.339 |
|
|
Capital work-in-progress |
39.965 |
8.573 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
246.948
|
96.685 |
34.928 |
|
|
Sundry Debtors |
227.586
|
153.102 |
81.736 |
|
|
Cash & Bank Balances |
15.456
|
142.923 |
19.819 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
78.691
|
80.505 |
57.561 |
|
Total
Current Assets |
568.681
|
473.215 |
194.044 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
265.453
|
169.597 |
108.885 |
|
|
Other Current Liabilities |
34.605
|
13.801 |
0.000 |
|
|
Provisions |
25.405
|
39.575 |
46.595 |
|
Total
Current Liabilities |
325.463
|
222.973 |
155.480 |
|
|
Net Current Assets |
243.218
|
250.242 |
38.564 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.735 |
|
|
|
|
|
|
|
|
TOTAL |
661.429 |
593.731 |
378.638 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1832.843 |
1418.614 |
1638.168 |
|
|
|
Other Income |
NA |
133.774 |
142.709 |
|
|
|
Prior Period Income |
NA |
0.000 |
0.043 |
|
|
|
TOTAL (A) |
NA |
1552.388 |
1780.920 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
902.957 |
1010.793 |
|
|
|
Shoes/Retail Purchase |
|
13.496 |
31.836 |
|
|
|
Manufacturing and Other Expenses |
|
294.345 |
280.785 |
|
|
|
Payment to and for employees |
|
16.710 |
12.221 |
|
|
|
Research and Development Expenses
|
|
15.973 |
20.373 |
|
|
|
Administrative Expenses |
|
70.568 |
76.789 |
|
|
|
Selling and Distribution Expenses |
|
129.113 |
156.747 |
|
|
|
Preliminary Expenses |
|
0.734 |
0.184 |
|
|
|
Increase/ (Decrease) in Stock |
|
(31.168) |
39.670 |
|
|
|
TOTAL (B) |
NA |
1412.728 |
1629.398 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
139.660 |
151.522 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
31.100 |
40.658 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
108.560 |
110.864 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
50.472 |
48.474 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
78.171 |
58.088 |
62.390 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
39.722 |
23.495 |
35.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
38.449 |
34.593 |
27.105 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
56.698 |
27.105 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
90.147 |
56.698 |
27.105 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1631.729 |
1389.016 |
1571.097 |
|
|
|
Exchange rate difference |
7.542 |
(7.928) |
18.658 |
|
|
TOTAL EARNINGS |
1624.187 |
1381.088 |
1589.755 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
140.636 |
105.414 |
160.896 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.30 |
3.71 |
2.91 |
|
%20PRIVATE%20LIMITED%20-%20183604%2026-Jun-2012_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.23 |
1.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.09 |
3.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.26
|
7.19 |
11.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.35 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.81
|
3.90 |
3.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75
|
2.12 |
1.25 |
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 |
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
FINANCIAL REVIEW
Their company has been growing with the implementation set out policies and working capital efficiencies. However, with the initial stage of introducing ourselves in the Indian domestic market, they have obtained marvellous improvement in sales during financial year 2010-11. However, the export concern of company has attained continuous growth from previous year.
Their company has achieved a turnover of Rs. 1832.843 Millions in financial year 2010-11 and also registered the growth of Rs. 414.229 Millions as against the previous financial year 2009-10.
The number of pairs produced and sold during the year has increased as against the previous financial year. They are trying to take full advantage of potentiality in market and penetration into growing footwear industry. The directors of the Company anticipate for commence export business in new countries/ markets in order to capture the continuous financial growth of the Company.
EXPANSIONA ND
DIVERSIFICATION:
MARKETINGA ND EXPORT:
They are locating their valued customer’s choice by attending international shoe/ shoe components/ machinery fairs. Their company is well equipped with modernised plant and machineries and also updating ourselves time to time. The production division have been strengthened with the new lasts with latest design and shapes in the existing set- up. These installations have converted the production targets into opportunity by optimizing operations, value addition in footwear products and initiating measures to reduce production cost. Further, production through efficient process route of continuous checking at every stage of process was maximised, product-quality was enriched by well managed team of designers/ supervisors and safety parameters from rejections improved further to achieve all time best production performance during the year.
To facilitate and to make well-timed dispatch of export consignments, significant improvement has been made in planning and execution of logistics efficiencies as well.
RETAIL SEGMENT:-
During the financial year 2010-11, Company has achieved retail sale of Rs. 141.568 Millions and they have the potential to boost up the domestic market in the upcoming years. They have crossed out their first year in the domestic market.
They expect to strengthen their brand position at every level, for the said purpose the Retail Division is planned to be separated into a new company. They are also under negotiations with new collaboration of different technical product.
FUTURE PROSPECTUS:-
They are known to be manufacturer and exporter of high fashion and reliable footwear. Company has entered with an upstream portfolio. They are growing higher than other previous year and this will boost their confidence in the prospects for further growth in the upcoming year. Directors have clear vision to confine the position and to build a brand image of the Company on international level. In the line of the said perspective, they have a planned and definite strategy to enter into new established markets of developed countries as Germany, France, U.S. etc..
In the upcoming year, they are also planning to avail PCFC Loans from the bankers to reduce financial burdens.
Further they have to make their team more strong for inspection of leather and other components before taking in the process.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74900UP2008PTC035071 |
|
Name of the
company |
Gupta H.C. Overseas (I) Private Limited |
|
Address of the registered
office or of the principal place of
business in India of the company |
425, Near Tube Well Colony, Buy Pass Road, Agra- 282007, Uttar
Pradesh, India E-mail : companyconsultants@rediffmail.com
|
|
This form is for
|
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Bank of India, Agra Mid Corporate Branch, 49/50, Sulabh Puram, Sikandra
Bodla Road,, Agra - 282007, Uttar Pradesh, India E-mail : nirbhaymittal@rediffmail.com
|
|
Nature of
instrument creating charge |
Charge and
Hypothecation of Book Debts |
|
Date of
instrument Creating the charge |
02.08.2011 |
|
Amount secured
by the charge |
Rs.300.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
As applicable from
time to time in terms of Bank guidelines on FCBD limits. As applicable
from time to time in terms of Bank guidelines on PCFC limits. Terms of
Repayment Repayable on
demand. Margin PCFC- 25% FDBD- Nil Extent and
Operation of the charge The co's properties
are hypothecated to secure sub limit of Export Packing Credit/ FBP Limit of
Rs. 300.000 Millions |
|
Short
particulars of the property charged |
Hypothecation of
all tangible and movable assets in particular stocks, shoes, raw materials, libs,
leather, uppers, heals, inner lining, etc, lying at factory and/ or in
transit. Charge and
Hypothecation of all the book debts, outstanding, moneys, receivables, claims
and bills which are now due and owing or which may at any time hereafter
during the continuance of the security become due and owing to the borrower
in the course of its business by any person, company or by the government or
any local or public body or authority. |
FIXED ASSETS:
· Land
· Building
· Furniture and Fixture
· Electric Fan and Fitting
· Vehicles – Car
· Computers
· Shoe Lasts
· Plant and Machinery
· Air Conditioner
· Camera
· Fax Machine
· Generator
· Machinery
· Mobile Phone
· Scooter
· Television
· Typewriter
· Water Cooler
· Xerox Machine
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.56.53 |
|
|
1 |
Rs.88.09 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
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.