MIRA
INFORM REPORT
|
Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRROPYL PACKS LIMITED [w.e.f. 30.11.2010] |
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|
|
|
Formerly Known
As : |
PRROPYL PACKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Nandanam” SMRRA-111, Saw Mill Road, Koorkenchery, Thrissur-680007,
Kerala |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
26.07.1996 |
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Com. Reg. No.: |
09-010585 |
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Capital Investment
/ Paid-up Capital : |
Rs.58.810
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202KL1996PLC010585 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNP00900E |
|
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PAN No.: [Permanent Account No.] |
AABCP7383B |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Flexible Packaging Material and Multilayer
Fillings. |
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|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Belakrishna |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-487-2443739 |
|
Date : |
01.03.2012 |
LOCATIONS
|
Registered Office : |
“Nandanam” SMRRA-111, Saw Mill Road, Koorkenchery, Thrissur-680007,
Kerala, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
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Administrative Office : |
Door 488/19, First Floor, Suncity Complex, Koorkenchery,
Thrissur-680007, Kerala, India |
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Tel. No.: |
91-487-2443739/2444739 |
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E-Mail : |
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|
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Marketing Office : |
841/ M-1, Paradiso, Elamakkara, Kochi-682026, Kerala, India |
|
Tel. No.: |
91-484-2536376/2409819 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Kothaparamba P.O., Kodungallur-680668, Kerala, India |
|
|
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Factory 2 : |
Malumichampetty, Coimbatore-641021, Tamilnadu, India |
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Factory 3 : |
Kinfra Industrial Park, Koratty, Kerala, India |
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Factory 4 : |
J-5, GIDC, Killa Pardi Post, Valsad,
Pardi-396125, Gujarat, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Rajesh Kuttiparambil Satheesh Babu |
|
Designation : |
Managing Director |
|
Address : |
Sreepadam, P.O. Valapad, Triprayar-680567, Kerala, India |
|
Date of Birth/Age : |
16.12.1969 |
|
Date of Appointment : |
25.04.1997 |
|
Din No.: |
00769792 |
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|
|
|
Name : |
Jayapalan Vallomparambath Kuttiparambil |
|
Designation : |
Director |
|
Address : |
Director, KVC Medical College, Kurunji Bag, P O Sullia-574327,
Karnataka, India |
|
Date of Birth/Age : |
12.11.1936 |
|
Date of Appointment : |
25.04.1997 |
|
Din No.: |
00769995 |
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|
|
|
Name : |
Madhusudanan Vallomparambath Kuttiparambil |
|
Designation : |
Director |
|
Address : |
Kutti Parambir House, Near Boys High School, Sringapuram, Kodungalur,
Thrissur-680664, Kerala, India |
|
Date of Birth/Age : |
28.02.1951 |
|
Date of Appointment : |
25.04.1997 |
|
Din No.: |
00775325 |
|
|
|
|
Name : |
Mr. Krishnakumar Vallomparambath Kuttiparambil |
|
Designation : |
Director |
|
Address : |
Vallomparambath Kutti, Parambil (H), Kothaparambu, Kodungallur,
Thrissur-680668, Kerala, India |
|
Date of Birth/Age : |
10.04.1968 |
|
Date of Appointment : |
25.04.1997 |
|
Din No.: |
00775343 |
|
|
|
|
Name : |
Leela Satheesababu |
|
Designation : |
Director |
|
Address : |
Sreepadam, P.O. Valapad, Triprayar, Thrissur-680567, Kerala, India |
|
Date of Birth/Age : |
05.05.1947 |
|
Date of Appointment : |
25.04.1997 |
|
Din No.: |
00775379 |
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|
|
|
Name : |
Mr. Satheesababu Vallomparambath Kuttiparambil |
|
Designation : |
Director |
|
Address : |
Sreepadam, P.O. Valapad, Triprayar, Thrissur-680567, Kerala, India |
|
Date of Birth/Age : |
19.01.1941 |
|
Date of Appointment : |
26.07.1996 |
|
Din No.: |
00776308 |
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|
|
|
Name : |
Mr. Saleesh Kuttiparambil Satheesh |
|
Designation : |
Director |
|
Address : |
Sreepadam, P.O. Valapad, Triprayar, Thrissur-680567, Kerala, India |
|
Date of Birth/Age : |
23.09.1973 |
|
Date of Appointment : |
26.07.1996 |
|
Din No.: |
00776417 |
|
|
|
|
Name : |
Mr. Avinash Kataawar |
|
Designation : |
Director |
|
Address : |
B-6, 1-11, Dudhsagar, Aarey Colony, Goregaon (East), Mumbai-400065,
Maharashtra, India |
|
Date of Birth/Age : |
01.12.1961 |
|
Date of Appointment : |
01.11.2009 |
|
Din No.: |
02919452 |
|
|
|
|
Name : |
Mr. Khetan Madanlal Sanjay |
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Designation : |
Director |
|
Address : |
A/604, 6th Floor, Pluto Vasant Galaxy, Bangur Nagar, Goregaon
(West), Mumbai-400062, Maharashtra, India |
|
Date of Birth/Age : |
23.12.1965 |
|
Date of Appointment : |
11.12.2010 |
|
Din No.: |
03362342 |
KEY EXECUTIVES
|
Name : |
Mr. Belakrishna |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Satheesababu Vallomparambath Kuttiparambil |
|
36301 |
|
K.R. Leela |
|
3300 |
|
Rajesh Kuttiparambil Satheesh Babu |
|
8400 |
|
Saleesh Kuttiparambil Satheesh |
|
8401 |
|
Smitha Shajan |
|
4850 |
|
Smitha Bijuraj |
|
2000 |
|
Jayapalan Vallomparambath Kuttiparambil |
|
2700 |
|
Madhusudanan Vallomparambath Kuttiparambil |
|
1600 |
|
Krishnakumar Vallomparambath Kuttiparambil |
|
1600 |
|
Anjana Prayaga |
|
1100 |
|
Sudhir Das K. Prayaga |
|
1100 |
|
G.N. Katkwar |
|
1000 |
|
P.G. Usha |
|
1000 |
|
P.K. Gopalakrishnan |
|
2000 |
|
Juguna G.P. |
|
100000 |
AS ON 06.11.2011
|
Names of Allottees |
|
No. of Shares |
|
Swapna Balasubramanian |
|
2000 |
|
Arun Kuruveetil Madhavan |
|
100 |
|
Kalathil Ramakrishnan Prathapan |
|
500 |
|
Deera Chandran |
|
1000 |
|
K.K. Jayasankaran |
|
250 |
|
Sukesh G |
|
50000 |
|
Sindhu P G |
|
67000 |
|
Latha P G |
|
5000 |
|
Rajesh Kuttiparambil Satheesh Babu |
|
3250 |
|
Saleesh Kuttiparambil Satheesh |
|
3250 |
|
|
|
|
|
Total |
|
132350 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
89.00 |
|
Other
top fifty shareholders |
|
11.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Flexible Packaging Material and Multilayer
Fillings. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
150 [Approximately] |
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Bankers : |
·
Canara Bank ·
HDFC Bank ·
Federal Bank ·
State Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution: |
Kerala State Industrial Development Corporation Limited, Kenston Road,
Kowdiar, Thiruvananthapura-695003, Kerala, India |
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|
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Auditors : |
|
|
Name : |
Mohamed Asharaf P A Chartered Accountants |
|
Address : |
Edision Complex, South Nada, Kodungallur, Thrissur-680664, Kerala,
India |
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Tel. No.: |
91-480-2802605 [Office] 91-480-2807380 [Resident] |
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Mobile No.: |
91-9447746535 |
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E-Mail : |
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Pan No.: |
ACPPM5710Q |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
679602 |
Equity Shares |
Rs.100/- each |
Rs.67.960
Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
588102 |
Equity Shares |
Rs.100/- each |
Rs.58.810
Millions |
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
811952 |
Equity Shares |
Rs.100/- each |
Rs.81.195
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 |
58.810 |
7.135 |
3.020 |
|
|
2] Share Application Money |
0.000 |
0.000 |
4.090 |
|
|
3] Reserves & Surplus |
0.000 |
6.815 |
6.478 |
|
|
4] (Accumulated Losses) |
(2.513) |
0.000 |
0.000 |
|
|
NETWORTH |
56.297 |
13.950 |
13.588 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.440 |
13.078 |
13.583 |
|
|
2] Unsecured Loans |
4.380 |
7.680 |
3.160 |
|
|
TOTAL BORROWING |
23.820 |
20.758 |
16.743 |
|
|
DEFERRED TAX LIABILITIES |
0.401 |
0.470 |
0.504 |
|
|
|
|
|
|
|
|
TOTAL |
80.518 |
35.178 |
30.835 |
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.925 |
15.788 |
15.010 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.995 |
0.995 |
0.995 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.306
|
8.328 |
6.888 |
|
|
Sundry Debtors |
5.148
|
8.202 |
7.567 |
|
|
Cash & Bank Balances |
0.061
|
0.111 |
0.861 |
|
|
Other Current Assets |
6.721
|
0.867 |
|
|
|
Loans & Advances |
23.870
|
0.085 |
0.339 |
|
Total
Current Assets |
42.106
|
17.593 |
15.655 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.253
|
1.284 |
2.520 |
|
|
Other Current Liabilities |
1.133
|
0.843 |
1.261 |
|
|
Provisions |
0.125
|
0.131 |
0.108 |
|
Total
Current Liabilities |
3.511
|
2.258 |
3.889 |
|
|
Net Current Assets |
38.595
|
15.335 |
11.766 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.003 |
3.060 |
3.064 |
|
|
|
|
|
|
|
|
TOTAL |
80.518 |
35.178 |
30.835 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
55.634 |
65.828 |
70.529 |
|
|
|
Other Income |
0.834 |
0.336 |
NA |
|
|
|
TOTAL (A) |
56.468 |
66.164 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
37.775 |
43.868 |
|
|
|
|
Manufacturing Service Cost |
8.055 |
8.068 |
NA |
|
|
|
Employee Related Expenses |
5.633 |
4.486 |
|
|
|
|
Administrative Selling Other Expenses |
6.738 |
4.828 |
|
|
|
|
TOTAL (B) |
58.201 |
61.250 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(1.733) |
4.914 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.266 |
2.404 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(3.999) |
2.510 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.344 |
2.001 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(6.343) |
0.509 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.068) |
0.172 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(6.275) |
0.337 |
0.714 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(10.67) |
4.72 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(11.11)
|
0.51 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(11.40)
|
0.77 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.64)
|
1.52 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11)
|
0.04 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.49
|
1.65 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.99
|
7.79 |
4.03 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
2.253
|
1.284 |
2.520 |
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
PERFORMANCE REVIEW:
During the accounting
year the company made a total sales of Rs. 55.634 Millions (Last year Rs.
65.828 Millions). This year’s working has resulted in a Net Loss of Rs.6.622
Millions (Profit for Last year Rs. 0.337 Million). The Directors hope that in
the ensuing year the company make better results.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U25202KL1996PLC010585 |
|
Name of the
company |
PRROPYL PACKS
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
“Nandanam” SMRRA-111, Saw Mill Road, Koorkenchery, Thrissur-680007,
Kerala, India |
|
Type of charge |
Movable Property
[not being pledge] |
|
Particular of
charge holder |
Kerala State Industrial Development Corporation Limited, Kenston Road,
Kowdiar, Thiruvananthapura-695003, Kerala, India |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
(1) Loan
Agreement dated: 14.11.2011; and (2) Deed of
Hypothecation dated: 14.11.2011 |
|
Date of
instrument Creating the charge |
14.11.2011 |
|
Amount secured by
the charge |
Rs.10.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 12.75% Interest
on the amount of the loan outstanding, compounded quarterly. Terms of
Repayment The loan shall be
repaid in 24 equal quarterly installments after the moratorium period of 12
months from the date of commercial operation or 24 months from the date of
first disbursement of loan from KSIDC, whichever is earlier. Extent and
Operation of the charge The company
created Security for a Additional Term Loan of Rs.10.500 Millions availed
from Kerala State Industrial Development Corporation Limited by way of
hypothecation of the whole of movable properties including its movable Plant
and Machinery, Machinery Spares and other movables situated at its units at
(i) GIDC, Pardi and (ii) Kinfra Park, Koratty, Thrissur District. |
|
Short particulars
of the property charged |
Whole of movable
properties including its movable Plant and Machinery, Machinery Spares and other
movables situated at its units at (i) GIDC, Pardi and (ii) Kinfra Park,
Koratty, Thrissur District. |
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Generator
·
Extrusion Machinery
·
Electronic Weighing
Machine
·
Electrical Equipments
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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.