Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
KHANNA PAPER
MILLS LIMITED |
Principal Name 1 |
Mr. Brij Mohan Khanna |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Rahul Khanna |
|
|
|
Registration # |
55-020023 |
|
Street Address |
K-8-A, Lajpat Nagar Part – II, New Delhi – 110 024, Delhi |
||
|
Established Date |
02.02.1985 |
SIC Code |
-- |
|
Telephone# |
91-11-41725660 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-41725660 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Duplex Board |
|
|
# of employees |
2000 [Approximately] |
Product Name 2 |
Paper and Paper Products |
|
Paid up capital |
Rs. 265,379,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 99.93% Other top fifty shareholders –
0.07% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries
|
India
|
Khanna Paper Inc |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,720,139,000 |
Current Liabilities |
1,734,016,000 |
|
Inventories |
3,021,278,000 |
Long-term Liabilities |
7,112,944,000 |
|
Fixed Assets |
4,997,160,000 |
Other Liabilities |
875,918,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
9,722,878,000 |
|
Invest& other Assets |
164,326,000 |
Retained Earnings |
1,914,646,000 |
|
|
|
Net Worth |
2,180,025,000 |
|
Total Assets |
11,902,903,000 |
Total Liab. & Equity |
11,902,903,000 |
|
Total Assets (Previous Year) |
10,404,567,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
12,073,503,000 |
Net Profit |
113,848,000 |
|
Sales(Previous yr) |
8,703,082,000 |
Net Profit(Prev.yr) |
71,999,000 |
|
Report Date : |
27.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KHANNA PAPER MILLS LIMITED (w.e.f. 28.06.2006) |
|
|
|
|
Formerly Known
As : |
KHANNA PAPER MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K-8-A, Lajpat Nagar Part – II, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.02.1985 |
|
|
|
|
Com. Reg. No.: |
55-020023 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 265.379
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21012DL1985PLC020023 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AMRK10059A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1375K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Paper and Paper Boards and Coated Duplex Board. |
|
|
|
|
No. of Employees
: |
2000 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trader
relations are reported as fair. Business is active. Payments are reported to be usually correct
and as per commitments. 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 : |
K-8-A, Lajpat Nagar Part – II, |
|
Tel. No.: |
91-11-41725660 |
|
Fax No.: |
91-11-41725660 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Gurgaon Corporate Office : |
B-6, Infocity, Sector-34, Gurgaon-122001, Haryana, India |
|
Tel. No.: |
91-124-4964800 |
|
Fax No.: |
91-124-4694836 |
|
E-Mail : |
|
|
|
|
|
Gurgaon Works Unit I : |
Village Fazilpur Badli, Faruk Nagar District Gurgaon-122506, Haryana,
India |
|
Tel. No.: |
91-124-4694800 - 99 |
|
|
|
|
Corporate Office/ Works : |
|
|
Tel. No.: |
91-183-5067100/ 109 / 504416 / 17 / 18 / 2710974 - 77 |
|
Fax No.: |
91-183-5067110/111 / 504415 / 2710972 - 73 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Brij Mohan Khanna |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
House No. 19, New Garden Colony, |
|
Date of Birth/Age : |
13.10.1947 |
|
Date of Appointment : |
28.05.1994 |
|
DIN No.: |
00062514 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U21012DL1985PLC020023 |
KHANNA PAPER
MILLS LIMITED |
Managing
director |
1/4/2009 |
28/05/1994 |
Active |
NO |
|
2 |
U74120DL2007PTC162249 |
SMOOTH BUSINESS
SERVICES PRIVATE LIMITED |
Director |
18/04/2007 |
18/04/2007 |
Active |
NO |
|
Name : |
Mr. Rahul Khanna |
|
Designation : |
Executive Director |
|
Address : |
House No. 19, New Garden Colony, |
|
Date of Birth/Age : |
03.03.1979 |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
00067173 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U21012DL1985PLC020023 |
KHANNA PAPER
MILLS LIMITED |
Whole-time
director |
1/4/2009 |
1/4/1997 |
Active |
NO |
|
2 |
U74120DL2007PTC162249 |
SMOOTH BUSINESS
SERVICES PRIVATE LIMITED |
Director |
18/04/2007 |
18/04/2007 |
Active |
NO |
|
3 |
U60231DL2007PLC169280 |
SHORE TO SHORE
LOGISTICS INDIA LIMITED |
Additional
director |
5/9/2011 |
5/9/2011 |
Active |
NO |
|
Name : |
Mr. Saurabh Khanna |
|
Designation : |
Executive Director |
|
Address : |
House No. 19, New Garden Colony, |
|
Date of Birth/Age : |
21.07.1981 |
|
Date of Appointment : |
20.08.1999 |
|
DIN No.: |
00062737 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U21012DL1985PLC020023 |
KHANNA PAPER
MILLS LIMITED |
Whole-time director |
1/4/2009 |
20/08/1999 |
Active |
NO |
|
2 |
U74120DL2007PTC162249 |
SMOOTH BUSINESS
SERVICES PRIVATE LIMITED |
Director |
18/04/2007 |
18/04/2007 |
Active |
NO |
|
Name : |
Mr. Yoginder Mehra |
|
Designation : |
Independent Director |
|
Address : |
12, Ram Bagh, Behind GPO, |
|
Date of Birth/Age : |
27.05.1938 |
|
Date of Appointment : |
02.04.2007 |
|
DIN No.: |
01423383 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U21012DL1985PLC020023 |
KHANNA PAPER
MILLS LIMITED |
Director |
28/09/2007 |
2/4/2007 |
- |
Active |
NO |
|
2 |
U50101DL2000PTC107519 |
SHARNAM MOTOR
SERVICES PRIVATE LIMITED |
Additional
director |
15/11/2008 |
15/11/2008 |
1/2/2009 |
Active |
NO |
|
Name : |
Mr. Suneet Kochhar |
|
Designation : |
Director |
|
Address : |
5B/9 Gali No 1 Dayanand Nagar, Amritsar-143001, Punjab, India |
|
Date of Birth/Age : |
18.12.1974 |
|
Date of Appointment : |
05.09.2011 |
|
DIN No.: |
01771321 |
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 |
U60231DL2007PLC169280 |
SHORE
TO SHORE LOGISTICS INDIA LIMITED |
Whole-time
director |
05-09-11 |
11-10-07 |
Active |
NO |
|
2 |
U21012DL1985PLC020023 |
KHANNA
PAPER MILLS LIMITED |
Director |
30-09-11 |
05-09-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Manav Arora |
|
Designation : |
Company Secretary |
|
Address : |
348/10 Gali Dhobian, Katra Bhai Sant Singh, Amritsar-143001, Punjab,
India |
|
Date of Birth/Age : |
13.01.1985 |
|
Date of Appointment : |
11.08.2011 |
|
PAN No.: |
AHMPA4455E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Brijmohan Khanna |
9492278 |
|
Renu Khanna |
4772855 |
|
Rahul Khanna |
1818052 |
|
Brijmohan Khanna HUF |
3607945 |
|
Saurbh Khanna |
1818070 |
|
Shivani Khanna |
2505000 |
|
Navroop Khanna |
2505000 |
|
Shivinder Sandhu |
9820 |
|
Manveen Sandhu |
3570 |
|
Surinder Sandhu |
1785 |
|
Sahiljit Sandhu |
1785 |
|
Kiritpal Sandhu |
1785 |
|
TOTAL |
26537945 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
99.93 |
|
Other top fifty shareholders |
0.07 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper and Paper Boards and Coated Duplex Board. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Papers and
Duplex Board and Newsprint Paper |
MT |
330000 |
330000 |
-- |
|
|
|
|
|
|
|
Actual
Production |
|
|
|
|
|
Paper |
MT |
-- |
-- |
110634.10 |
|
Duplex Board |
MT |
-- |
-- |
119786.22 |
|
News Print |
MT |
-- |
-- |
102860.28 |
GENERAL INFORMATION
|
Customers : |
·
Thomson Publication ·
Repro India Private Limited ·
Hind Pustaq Bhandar ·
Nestle ·
Moserbaer ·
Hindustan Lever ·
Navneet Publication Private Limited ·
MBD Publication ·
Ranbaxy ·
The Times of India ·
Rajasthan Patrika Private Limited ·
Nai Dunia Media Private Limited ·
People’s Samachar ·
The Sandesh Limited ·
Sakal Paper Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
2000 [Approximately] |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, International Banking Branch, Mall Road, Amritsar-143001,
Punjab, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
GSA and Associates Chartered Accountants |
|
Address : |
16, DDA Flats [Ground Floor], Panchsheel Shivalik MOR, Near Malviya Nagar, |
|
Tel. No.: |
91-11-32099205-7 |
|
E-Mail : |
|
|
Pan No.: |
AACFS2548F |
|
|
|
|
Subsidiaries : |
·
Shore To Shore Logistics India Limited ·
Khanna Paper Inc. |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
Rs.10/- each |
Rs. 450.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26537945 |
Equity Shares |
Rs.10/- each |
Rs. 265.379
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 |
265.379 |
265.379 |
265.379 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1914.646 |
1801.799 |
1730.800 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2180.025 |
2067.178 |
1996.179 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6519.885 |
5721.153 |
4505.116 |
|
|
2] Unsecured Loans |
593.059 |
601.000 |
610.014 |
|
|
TOTAL BORROWING |
7112.944 |
6322.153 |
5115.130 |
|
|
DEFERRED TAX LIABILITIES |
833.719 |
746.757 |
783.418 |
|
|
|
|
|
|
|
|
TOTAL |
10126.688 |
9136.088 |
7894.727 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4997.160 |
5002.861 |
5142.937 |
|
|
Capital work-in-progress |
158.836 |
232.272 |
20.950 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.490 |
1.000 |
1.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3021.278
|
2251.435
|
1503.614
|
|
|
Sundry Debtors |
2474.651
|
2067.761
|
1845.908
|
|
|
Cash & Bank Balances |
356.447
|
207.424
|
126.514
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
889.041
|
641.814
|
433.981
|
|
Total
Current Assets |
6741.417
|
5168.434 |
3910.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1581.578
|
1146.704
|
34.544
|
|
|
Other Current Liabilities |
152.438
|
107.369
|
1074.712
|
|
|
Provisions |
42.199
|
14.406
|
70.921
|
|
Total
Current Liabilities |
1776.215
|
1268.479
|
1180.177
|
|
|
Net Current Assets |
4965.202
|
3899.955
|
2729.840
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10126.688 |
9136.088 |
7894.727 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12073.503 |
8703.082 |
6911.605 |
|
|
|
Other Income |
259.536 |
182.442 |
0.000 |
|
|
|
TOTAL (A) |
12333.039 |
8885.524 |
6911.605 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
9056.645 |
6032.622 |
4270.714 |
|
|
|
Manufacturing and other Expenses |
1645.286 |
1384.052 |
669.211 |
|
|
|
Employees Related Expenses |
211.050 |
155.180 |
0.000 |
|
|
|
Power and Fuel |
0.000 |
0.000 |
917.750 |
|
|
|
Administrative, Selling Expenses |
514.256 |
453.641 |
120.924 |
|
|
|
Increase / Decrease in stock |
0.000 |
0.000 |
(236.147) |
|
|
|
TOTAL (B) |
11427.237 |
8025.495 |
5742.452 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
905.802 |
860.029 |
1169.153 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
309.791 |
394.578 |
349.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
596.011 |
465.451 |
819.196 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
343.786 |
330.197 |
276.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
252.225 |
135.254 |
543.134 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
138.377 |
63.255 |
199.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
113.848 |
71.999 |
343.524 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
162.188 |
190.189 |
46.665 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
100.000 |
200.000 |
|
|
BALANCE CARRIED
TO THE B/S |
276.036 |
162.188 |
190.189 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
1136.099 |
725.233 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
4556.030 |
4882.894 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.29 |
2.71 |
12.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.92
|
0.81 |
4.97
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
1.55 |
7.86
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.15
|
1.33 |
6.00
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.07 |
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.46
|
4.03 |
3.15
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.80
|
4.07 |
3.31
|
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 |
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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
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
The Registered office of the company has been shifted from E-330, First Floor,
Greater Kailash Part II, New Delhi-110048, India to the present address w.e.f.
09.06.2011
OUTLOOK
With the full
utilization of the installed capacity the Company is expected to increase the
sales of News Prints Paper, Writing and Printing Paper and Board. The Company
got prestigious certification of Forest Stewardship Council, which again
establishes company’s commitments towards better environmental products in
environmental sensitive market. The company is also committed towards achieving
efficiency by making attempts to reduce logistics costs and other expenses.
FORM 8
|
Corporate
identity number of the company |
U21012DL1985PLC020023 |
|
Name of the
company |
KHANNA PAPER
MILLS LIMITED |
|
Address of the registered
office or of the principal place of
business in |
K-8-A, Lajpat Nagar Part – II, New Delhi – 110 024, Delhi, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Others |
|
Particular of charge
holder |
Punjab National Bank, International Banking Branch, Mall Road, Amritsar-143001, Punjab, India |
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
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 15.25% p.a. Terms of repayment Repayable on
demand Margin Stocks 20% Book debts 15% Extent and operation of the charge 100% |
|
Short particulars
of the property charged (Including location of the property) |
Charge on Current
Assets by way of Hypothecation of Raw Materials, Stock in Process and finished
goods related to the activity of the unit and Receivables on pari passu basis
with other consortium Banks. |
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Vehicles
· Computers
· Misc. Fixed Assets
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. 57.07 |
|
|
1 |
Rs. 88.95 |
|
Euro |
1 |
Rs. 71.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.