1. Summary Information
|
|
|
Country |
India |
|
Company Name |
DIAMOND FOOTCARE
UDYOG PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramesh Kumar Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajat Gupta |
|
|
|
Registration # |
55-009328 |
|
Street Address |
B-40, Mayapuri
Industrial Area, Phase-1, New Delhi – 110064, India |
||
|
Established Date |
21.11.1978 |
SIC Code |
-- |
|
Telephone# |
91-11-45125100 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-28114858 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Chappals |
|
# of employees |
Not Available |
Product Name 2 |
Shoes |
|
Paid up capital |
Rs.80,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100 % |
Banking |
State Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
34 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
162,484,000 |
Current Liabilities |
95,208,000 |
|
Inventories |
176,086,000 |
Long-term Liabilities |
305,591,000
|
|
Fixed Assets |
291,711,000 |
Other Liabilities |
13,735,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
414,534,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
26,047,000 |
|
|
0 |
Net Worth |
215,747,000 |
|
Total Assets |
630,281,000 |
Total Liab. & Equity |
630,281,000 |
|
Total Assets (Previous Year) |
290,117,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
764,285,000 |
Net Profit |
9,387,000 |
|
Sales (Previous yr) |
423,628,000 |
Net Profit(Prev.yr) |
4,610,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND FOOTCARE UDYOG PRIVATE LIMITED (w.e.f.14.10.2009) |
|
|
|
|
Formerly Known
As : |
DIAMOND TOYS COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-40, Mayapuri Industrial Area, Phase-1, New Delhi – 110064 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.11.1978 |
|
|
|
|
Com. Reg. No.: |
55-009328 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.80.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19100DL1978PTC009328 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD07005F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2843H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Footwear. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 860000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company having moderate track.
Profitability of the company appears to be low. However, 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
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
B-40, Mayapuri Industrial Area, Phase-1, New Delhi – 110064, India |
|
Tel. No.: |
91-11-45125100 |
|
Fax No.: |
91-11-28114858 |
|
E-Mail : |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Ramesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
D-33, Rajouri Garden, New Delhi – 110027, India |
|
Date of Birth/Age : |
15.10.1958 |
|
Date of Appointment : |
31.07.1986 |
|
DIN No.: |
00047724 |
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 |
U19100DL1978PTC009328 |
DIAMOND
FOOTCARE UDYOG PRIVATE LIMITED |
Director |
31-07-86 |
31-07-86 |
Active |
NO |
|
2 |
U74899DL1991PLC044211 |
DIAMOND
PRODUCTS LIMITED |
Director |
13-05-91 |
13-05-91 |
Active |
NO |
|
3 |
U74899DL1986PTC025235 |
DIAMOND
INTERNATIONAL PRIVATE LIMITED |
Director |
24-05-95 |
24-05-95 |
Active |
NO |
|
4 |
U74899DL1983PTC016375 |
DIAMOND
DYNAMICS (INDIA) PRIVATE LIMITED |
Director |
01-04-96 |
01-04-96 |
Amalgamated |
NO |
|
5 |
U19201DL2006PTC144705 |
DIAMOND
FOOTSTEP PRIVATE LIMITED |
Director |
22-01-09 |
10-11-08 |
Active |
NO |
|
6 |
U19100DL1998PTC229114 |
HOODA
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
29-05-09 |
18-03-09 |
Active |
NO |
|
7 |
U70100DL2010PTC210597 |
PAN
ASIA DEVELOPERS PRIVATE LIMITED |
Director |
12-08-11 |
12-08-11 |
Active |
NO |
|
Name : |
Mr. Rajat Gupta |
|
Designation : |
Director |
|
Address : |
D-33, Rajouri Garden, New Delhi – 110027, India |
|
Date of Birth/Age : |
04.02.1983 |
|
Date of Appointment : |
15.01.2004 |
|
DIN No.: |
00047675 |
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 |
U74899DL1991PLC044211 |
DIAMOND
PRODUCTS LIMITED |
Managing
director |
01-04-10 |
01-04-03 |
Active |
NO |
|
2 |
U19100DL1978PTC009328 |
DIAMOND
FOOTCARE UDYOG PRIVATE LIMITED |
Director |
15-01-04 |
15-01-04 |
Active |
NO |
|
3 |
U19201DL2006PTC144705 |
DIAMOND
FOOTSTEP PRIVATE LIMITED |
Director |
22-01-09 |
10-11-08 |
Active |
NO |
|
4 |
U19100DL1998PTC229114 |
HOODA
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
29-05-09 |
18-03-09 |
Active |
NO |
|
Name : |
Mr. Harsh Gupta |
|
Designation : |
Director |
|
Address : |
D-33, Rajouri Garden, New Delhi – 110027, India |
|
Date of Birth/Age : |
20.06.1985 |
|
Date of Appointment : |
01.07.2005 |
|
DIN No.: |
00047749 |
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 |
U19100DL1978PTC009328 |
DIAMOND
FOOTCARE UDYOG PRIVATE LIMITED |
Director |
01-07-05 |
01-07-05 |
Active |
NO |
|
2 |
U74899DL1991PLC044211 |
DIAMOND
PRODUCTS LIMITED |
Director |
03-09-07 |
01-04-07 |
Active |
NO |
|
3 |
U19201DL2006PTC144705 |
DIAMOND
FOOTSTEP PRIVATE LIMITED |
Director |
22-01-09 |
10-11-08 |
Active |
NO |
|
4 |
U19100DL1998PTC229114 |
HOODA
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
29-05-09 |
18-03-09 |
Active |
NO |
|
Name : |
Mr. Murari Lal Sharma |
|
Designation : |
Director |
|
Address : |
Village Malkoshi, Tehsil Dadri, City Bhiwani – 127306, Haryana, India |
|
Date of Birth/Age : |
21.09.1959 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
03417521 |
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 |
U74899DL1991PLC044211 |
DIAMOND
PRODUCTS LIMITED |
Director |
29-09-11 |
01-01-11 |
Active |
NO |
|
2 |
U19100DL1978PTC009328 |
DIAMOND
FOOTCARE UDYOG PRIVATE LIMITED |
Director |
29-09-11 |
01-01-11 |
Active |
NO |
|
Name : |
Mr. Kirpa Shanker Bhatnagar |
|
Designation : |
Director |
|
Address : |
C-2/246, Janakpuri, New Delhi – 110058, India |
|
Date of Birth/Age : |
03.12.1949 |
|
Date of Appointment : |
10.09.2011 |
|
DIN No.: |
03618816 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Om Prakash Gupta |
|
100000 |
|
Saviitri Devi |
|
30000 |
|
Ramesh Kumar Gupta |
|
310000 |
|
Poonam Gupta |
|
120000 |
|
Ramesh Kumar Gupta and Sons (HUF) |
|
120000 |
|
Rajat Gupta |
|
215000 |
|
Harsh Gupta |
|
210000 |
|
Dolly Gupta |
|
95000 |
|
Shruti Gupta |
|
100000 |
|
Rajat Gupta (HUF) |
|
100000 |
|
Harsh Gupta (HUF) |
|
100000 |
|
Total |
|
1500000 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Footwear. |
PRODUCTION STATUS
As on 31.03.2011
Licensed Capacity:
N.A.
Installed
Capacity: N.A.
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Chappals and Shoes |
Pairs |
10061891 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
State Bank of India, Industrial Complex Branch,
Bahadurgarh - 124507, Haryana, India ·
Bank of India, Mayapuri, New Delhi - 110064,
India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Notes: (A) State Bank
of India Cash Credit Account State Bank of India Term Loan-1 (Rs.30826.439
Millions) for Bahadurgarh Project Rs.61.930 Millions Rs.62.728 Millions State
Bank of India Term Loan-2 (Rs.31509.793 Millions) for Bahadurgarh Project
42.819 Millions - State Bank of India Term Loan-3 (31509.793 Millions) for
Bahadurgarh Project Rs.2.811 Millions - (Secured against Hypothecation of
Stocks, Equitable mortgage Rs.175.667
Rs.68.321 Millions of Factory Building, Personel Guarantee of its
Directors) (B) HDFC Bank
Limited (Against Hypothecation of Car-I) Rs.1.832 Millions 2.617 Millions
HDFC Bank Limited (Against Hypothecation of Car-II) Rs.2.073 Millions - Bank
of India (Against Hypothecation of Car) Rs.0.608 Rs.0.919 Millions State Bank
of India Vehicle Loan (Against Hypothecation of Truck) Rs.2.034 Millions -
ICICI Bank (Against Hypothecation of Car) Rs.2.661 Millions (C) State Bank
of India (Inland LC) Payable Rs.13.151 Millions – |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mohit Parekh and Company Chartered Accountants |
|
Address : |
572, Gandhi Cloth Market, 02nd Floor, Chandni Chowk, Delhi – 110006,
India |
|
PAN.: |
AAHPP2532M |
CAPITAL STRUCTURE
As on 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/-
each |
Rs.150.000
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.100/-
each |
Rs.80.000
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 |
80.000 |
49.950 |
49.950 |
|
|
2] Share Application Money |
109.700 |
30.050 |
0.000 |
|
|
3] Reserves & Surplus |
26.047 |
16.660 |
12.050 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
215.747 |
96.660 |
62.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
305.591 |
134.587 |
116.432 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
305.591 |
134.587 |
116.432 |
|
|
DEFERRED TAX LIABILITIES |
3.894 |
3.602 |
3.312 |
|
|
|
|
|
|
|
|
TOTAL |
525.232 |
234.849 |
181.744 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
291.711 |
136.066 |
83.568 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
176.086
|
52.160 |
68.408 |
|
|
Sundry Debtors |
135.719
|
95.273 |
46.746 |
|
|
Cash & Bank Balances |
0.783
|
0.014 |
7.467 |
|
|
Other Current Assets |
2.164
|
1.004 |
0.000 |
|
|
Loans & Advances |
23.818
|
5.600 |
18.999 |
|
Total
Current Assets |
338.570
|
154.051 |
141.62 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
80.357
|
39.002 |
29.864 |
|
|
Other Current Liabilities |
14.851
|
1.835 |
1.773 |
|
|
Provisions |
9.841
|
14.431 |
11.807 |
|
Total
Current Liabilities |
105.049
|
55.268 |
43.444 |
|
|
Net Current Assets |
233.521
|
98.783 |
98.176 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
525.232 |
234.849 |
181.744 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
764.285 |
423.628 |
359.524 |
|
|
|
Other Income |
0.877 |
0.158 |
0.362 |
|
|
|
TOTAL (A) |
765.162 |
423.786 |
359.886 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
728.778 |
404.108 |
348.508
(Including Financial Expenses / Depreciation) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
36.384 |
19.678 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.085 |
8.508 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.299 |
11.170 |
10.639 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.042 |
4.669 |
4.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.257 |
6.501 |
11.378 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.870 |
1.891 |
4.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(H-I) (J) |
9.387 |
4.610 |
6.506 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.387 |
4.610 |
6.506 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
43.907 |
28.733 |
26.979 |
|
|
|
Hawai Strap and Pvc Films |
1.210 |
0.331 |
0.000 |
|
|
TOTAL IMPORTS |
45.117 |
29.064 |
26.979 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.70 |
9.23 |
13.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.23
|
1.09 |
1.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.60
|
1.53 |
3.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.94
|
2.24 |
5.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.90
|
1.96 |
2.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.22
|
2.79 |
3.26 |
LOCAL AGENCY FURTHER INFORMATION
Business
Operations:
During the financial year the Company recorded the total sales Turnover
of Rs. 764.285 Millions as compared to Rs. 423.628 Millions in previous year resulting
a growth of 80.41%. The Profit before Tax of the Company increased by 88.55%
over the previous year.
The Company has
taken significant steps towards becoming a National Leader in Footwear
Industry. The Company has established a state of the art unit at sector-17,
Footwear Park, Bahadurgarh (Haryana). The Company has fixed a target of
achieving the turnover of Rs. 1500.000 Millions in the coming year. The Company
has adequate production facility and resources to achieve the said target. The
Company is also focusing on its export sales.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U19100DL1978PTC009328 |
|
Name of the
company |
DIAMOND FOOTCARE
UDYOG PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
B-40, Mayapuri Industrial Area, Phase-1, New Delhi – 110064, India E-mail : diamondfootcare@gmail.com
|
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10172126 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of India,
Industrial Complex Branch, Bahadurgarh – 124507, Haryana, India E-mail : info@gskassociates.com |
|
Nature of
instrument creating charge |
1. Letter of
Arrangment1 2. Supplemental Agreement
of Loan-cum-hypothecation. 3. Guarantee
Agreement with Diamond Footstep Private limited and Hooda Finance and
Investment Private limited |
|
Date of
instrument Creating the charge |
30.09.2011 |
|
Amount secured by
the charge |
Rs.589.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 1.WC= 14.25% 2. Ad Hoc= 14.25% 3. TL-I and II=
No change 4. TL-III= 14.85% 5. Letter of
Credit= NA Terms of
Repayment 1. WC=on demand 2. TL- I and II=
as per original repayment schedule 3. TL-III= 83
monthly installment of Rs. 0.900 Million and last installment of Rs. 0.300
Million w.e.f. Oct 2011 after a moratorium period of 9 months. Margin 1. RM- Domestic=
25% 2. FG= 25% 3. Receivables=
30% 4. LC= 10% Extent and
Operation of the charge Personal
guarantee of the following director:- 1. Mr. Ramesh
Kumar Gupta 2. Mr. Rajat
Gupta 3. Mr. Harsh
Gupta Corporate
Guarantee:- 1. Diamond Footstep
Private limited(formerly Vardaan Shoe Company Private limited) 2. Hooda Finance
and Investment Private limited |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
WC: Hypothecation
charge over all current assets present and future, consisting of raw
material, consumable stores, stock-in-process and finished goods lying in
factory premises as well as in transit, document inland and export bills/book
debts etc., TL: Hypothecation
of plant and machinery and miscellaneous fixed assets of the company
including EM of factory L and B. Land measuring 10125 sq.mtr at 345, Footwear
Park, IE, Sec-17, Bahadurgarh and proposed building thereat having a covered
area of 10557 sq.mt. owned by Diamond Footcare Udyog Private limited. Collateral(WC and
TL): 1. Cross cauterization by way extn of EM of factory L and B measuring
10125 sq.mt at 346, Footwear Park, Industrial Estate, Sec-17, Bahadurgarh and
proposed building having a covered area of 72900 sq.ft. in the name of
Diamond Footstep Private limited 2. Cross
collaterization by way of extn of EM of factory land measuring 10125 sq.mt at
347, Footwear Park, IE, Sec-17 Bahadurgarh and the proposed building thereat
having a covered area of 72900 sq.ft. in the name of Hooda Finance and
Investment Private limited. 3. EM of factory
L and B situated at Plot No. 40, Block-B Near golden gate banquet hall, delhi
road, mayapuri industrial area, measuring 2388 sq.yd in the name of Diamond
Footcare Udyog Private limited Personal
guarantee of the following directors: Mr. Ramesh Kumar Gupta, Mr. Rajat Gupta
and Sh. Harsh Gupta. Corporate guarantee of the following companies: Diamond
Footstep Private limited and Hooda Finance and Investment Private limited |
|
Date of
instrument modifying the charge |
30.03.2011 |
|
Particulars of
the present modification |
Sanction of an
Ad-hoc limit of Rs. 40.000 Millions for a period of 60 days and hence
enhancemnt of overall limit from Rs. 549.000 Millions to Rs. 589.000 Millions. |
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.50.02 |
|
|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
34 |
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.