MIRA
INFORM REPORT
|
Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
KBK CHEM-ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
KBK House, I – DOT, Survey No. 13/3/7, NDA – Pashan Road, Bavdhan
Khurd, Near Maratha Mandir Hall, Pune – 411021, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2009 |
|
|
|
|
Date of
Incorporation : |
08.10.1997 |
|
|
|
|
Com. Reg. No.: |
111151 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.914 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210PN1997PTC111151 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK01654C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK6827G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Processing Equipments related
to Distillery Plants. |
|
|
|
|
No. of Employees
: |
200 (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 2000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not filed the financials of the company with the government
departments after the year 2009. However, trade relations are reported as
fair. Business is active. Payments are unknown. 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 : |
Ms. Varsha Kulkarni |
|
Designation : |
Deputy General Manager Accounts |
|
Contact No.: |
91-20-30438100 |
|
Date : |
30.03.2012 |
LOCATIONS
|
Registered/ Corporate Office : |
KBK House, I – DOT, Survey No. 13/3/7, NDA – Pashan Road, Bavdhan Khurd,
Near Maratha Mandir Hall, Pune-411021, Maharashtra, India |
|
Tel. No.: |
91-20-30438100 / 22951082 / 22952881/ 22952685/ 30900302 |
|
Fax No.: |
91-20-22951939 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq Fts |
|
Location : |
Owned |
|
|
|
|
Factory : |
Gat No. 540, Urwade Road, Kasar Amboli, Tal Mulshi Pirangut, Pune –
412111, Maharashtra, India |
|
Tel. No.: |
91-20-66765001 |
|
Fax No.: |
91-20-66765005 |
|
Area : |
2500 Sq. Fts |
|
Location : |
Owned |
DIRECTORS
AS ON 31.12.2009
|
Name : |
Mr. Kiran Hari
Thombre |
|
Designation : |
Whole time
Director |
|
Address : |
K 13, Sujal Apartments,
S. No.127, Near Chaitanya Nagar, Warje, Pune-411052, |
|
Date of Birth/Age : |
15.09.1971 |
|
Date of Appointment : |
08.01.2008 |
|
DIN No.: |
01686658 |
|
|
|
|
Name : |
Mr. Kiran
Raghunath Dangwal |
|
Designation : |
Whole time
Director |
|
Address : |
705 Bldg, |
|
Date of Birth/Age : |
30.07.1968 |
|
Date of Appointment : |
08.01.2008 |
|
DIN No.: |
01329033 |
|
|
|
|
Name : |
Mr. Dhananjay
Vasant Rudruke |
|
Designation : |
Whole time
Director |
|
Address : |
E-4, Paschimrang,
Sriram Society, Warje, Pune-411052, |
|
Date of Birth/Age : |
14.06.1972 |
|
Date of Appointment : |
08.01.2008 |
|
DIN No.: |
01711542 |
|
|
|
|
Name : |
Mr. Sanjay Srinivas
Desai |
|
Designation : |
Director |
|
Address : |
G-30, Chidanand,
129/1, |
|
Date of Birth/Age : |
17.10.1967 |
|
Date of Appointment : |
08.01.2008 |
|
DIN No.: |
01686615 |
|
|
|
|
Name : |
Mr. Gangadhar Yashwant
Bhide |
|
Designation : |
Whole time
Director |
|
Address : |
E-1, Paschimrang,
Sriram Society, Warje, Pune-411052, |
|
Date of Birth/Age : |
20.12.1953 |
|
Date of Appointment : |
08.10.1997 |
|
|
|
|
Name : |
Mr. Abhay Prabhakar
Deshpande |
|
Designation : |
Managing Director
|
|
Address : |
6, Krishnali
Apts, 2 Nav Rajasthan HSG Society, Denapati Bapat Marg, Pune, |
|
Date of Birth/Age : |
17.08.1960 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
01762329 |
|
|
|
|
Name : |
Mr. Bantval
Prabhakara Baliga |
|
Designation : |
Director |
|
Address : |
B 2, |
|
Date of Birth/Age : |
19.09.1928 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00007754 |
|
|
|
|
Name : |
Mr. Narendra
Madhusudhan Murkumbi |
|
Designation : |
Chairman |
|
Address : |
|
|
Date of Birth/Age : |
14.04.1970 |
|
Date of Appointment : |
11.03.2008 |
|
DIN No.: |
00009164 |
|
|
|
|
Name : |
Mr. Beharichand
Kumar Krishna Kumbhat |
|
Designation : |
Director |
|
Address : |
A 301, Sangam CHS
Limited, Suchiham Film City Road, Goregaon East, Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1958 |
|
Date of Appointment : |
13.11.2008 |
|
DIN No.: |
00511139 |
|
|
|
|
Name : |
Ms. Vidya
Madhusudan Murkumbi |
|
Designation : |
Chairman Cum
managing Director |
|
Address : |
BC – |
|
Date of Birth/Age : |
05.01.1944 |
|
Date of Appointment : |
18.11.2009 |
|
|
|
|
Name : |
Mr. Gautam Watve |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Ms. Varsha Kulkarni |
|
Designation : |
Deputy General Manager Accounts |
|
|
|
|
Name : |
Mr. Amit Arun Kulkarni |
|
Designation : |
Secretary |
|
Date of Appointment : |
11.03.2008 |
|
PAN No.: |
AUSPK8444J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.12.2009)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kiran Hari
Thombre |
|
11117 |
|
Kiran Raghunath
Dangwal |
|
11117 |
|
Dhananjay Vasant
Rudrake |
|
11117 |
|
Renuka Sugars
Limited, |
|
135792 |
|
|
|
|
|
Total |
|
169143 |
(AS ON 31.12.2009)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or
relatives of Directors |
|
19.72 |
|
Bodies corporate |
|
80.28 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Processing Equipments related
to Distillery Plants. |
|
|
|
|
Exports : |
|
|
Products : |
Distillery Plants |
|
Countries : |
·
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Switzerland |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30-60 days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30-60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users ·
Jubilant Organosys ·
Malbros International Private Limited ·
Aroma Bioproducts Private Limited ·
GMR Industries Private Limited ·
Sentini Bioproducts Private Limited ·
Gwalio Distillery Limited ·
Empee Distillery Limited ·
SCM Sugars Limited ·
Dhampur Sugars Limited ·
Gayatri Sugars Limited ·
SIS Industries Limited ·
CSS, France ·
Nagarjun International Sugars Limited ·
Kaset Thai Sugars ·
Shree Renuka Sugars Limited ·
Uttam Sugars Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited Landmarkrace Course Circle, Alkapuri, Baroda – 390015, Gujarat, India ·
IDBI Bank Limited IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deepak Sugandhi
and Associates Chartered
Accountants |
|
Address : |
Office No. 24, 1st Floor, Prestige Point, 283 Shukrawar
Peth, Pune – 411002, |
|
|
|
|
Holding Company : |
·
Renuka Sugar Limited CIN No.: L01542KA1995PLC019046 Address: I – DOT, Survey No. 13/3/7, NDA – Line of Business: Manufacturer and Exporter of Processing Equipments
related to Distillery Plants. |
CAPITAL STRUCTURE
(AS ON 30.09.2009)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175000 |
Equity Shares |
Rs.100/- each |
Rs.17.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
169143 |
Equity Shares |
Rs.100/- each |
Rs.16.914 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2009 |
30.09.2008 |
30.09.2007 (6 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
16.914 |
9.665 |
6.435 |
|
|
2] Share Application Money |
0.000 |
0.000 |
50.500 |
|
|
3] Reserves & Surplus |
485.207 |
275.620 |
18.767 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
502.121 |
285.285 |
75.702 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
27.266 |
55.073 |
13.483 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
27.266 |
55.073 |
13.483 |
|
|
DEFERRED TAX LIABILITIES |
7.946 |
5.834 |
2.103 |
|
|
|
|
|
|
|
|
TOTAL |
537.333 |
346.192 |
91.288 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
103.284 |
105.207 |
45.029 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
327.906
|
319.383 |
226.623 |
|
|
Sundry Debtors |
683.943
|
375.939 |
157.062 |
|
|
Cash & Bank Balances |
45.676
|
52.146 |
50.130 |
|
|
Other Current Assets |
0.000
|
0.000 |
61.012 |
|
|
Loans & Advances |
72.606
|
192.792 |
167.543 |
|
Total
Current Assets |
1130.131
|
940.260 |
662.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
671.896 |
627.463 |
|
|
|
Other Liabilities |
15.613
|
42.005 |
594.790 |
|
|
Provisions |
8.598
|
30.039 |
21.967 |
|
Total
Current Liabilities |
696.107
|
699.507 |
616.757 |
|
|
Net Current Assets |
434.024
|
240.753 |
45.613 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.207 |
0.621 |
|
|
|
|
|
|
|
|
TOTAL |
537.333 |
346.192 |
91.288 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
30.09.2009 |
30.09.2008 |
30.09.2007 (6 Months) |
|
|
Revenues |
2428.315 |
1460.979 |
378.621 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
91.130 |
89.545 |
4.556 |
|
|
Provision for Taxation |
26.746 |
35.211 |
5.037 |
|
|
Profit/(Loss) After Tax |
56.846 |
55.101 |
2.328 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Export Earnings |
820.823 |
253.697 |
NA |
|
Total Earnings |
820.823 |
253.697 |
NA |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
123.128 |
98.557 |
|
|
|
Services and Supplies received abroad |
38.128 |
0.000 |
|
|
|
Technical Know how |
0.363 |
6.235 |
|
|
|
Traveling |
5.928 |
3.914 |
NA |
|
|
Other Expenses |
1.394 |
5.720 |
|
|
Total Imports |
168.941 |
114.426 |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
1898.836 |
1049.281 |
370.220 |
|
|
Operating and Selling and Distribution
Expenses |
330.443 |
231.395 |
0.000 |
|
|
Personal Expenses |
85.185 |
75.109 |
0.000 |
|
|
Interest |
16.034 |
10.915 |
2.657 |
|
|
Depreciation & Amortization |
6.687 |
4.734 |
1.189 |
|
Total Expenditure |
2337.185 |
1371.434 |
374.066 |
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
472.60 |
NA |
NA |
|
|
Particulars |
|
30.09.2011 |
30.09.2010 |
|
Sales Turnover (Approximately) |
|
1500.000 |
1500.000 |
|
|
|
(Due to less
Demand) |
|
Expected Sales (2011-2012): Rs.2000.000 Millions.
The above information has been parted by Ms. Varsha
KEY RATIOS
|
PARTICULARS |
|
30.09.2009 |
30.09.2008 |
30.09.2007 (6 Months) |
|
PAT / Total Income |
(%) |
2.34
|
3.77 |
0.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.75
|
6.13 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.39
|
8.57 |
0.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.31 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.44
|
2.65 |
8.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.34 |
1.07 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
30.09.2009 Rs. in Millions |
30.09.2008 Rs. in Millions |
30.09.2007 Rs. in Millions |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
NA |
|
Others (Includes Creditors for Capital Amounting) |
671.896 |
627.463 |
NA |
|
|
|
|
|
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
----- |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
No |
|
Reasons for variation <> 20% |
Yes |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
No |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
----- |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
No |
|
Incorporation details is applicable |
----- |
|
Last Accounts filed at ROC |
----- |
|
Major Shareholders, if available |
----- |
NOTE:
The Registered Address of the company has been shifted from 6, Swami Chhaya
Apts, Madhuban Colony, Karve Nagar, Pune, Maharashtra, India to the present
address w.e.f. 07.04.2008.
REVIEW OF
OPERATIONS:
The figures are for the year, between 1st October,2008 to 30th
September, 2009 as compared to “financial year” from 1st October
2007 to 30th September, 2008. Revenues for period stood at
Rs.2428.315 Millions, profit before tax stood at Rs.91.130 Millions, and
profit after tax including prior period expenses was Rs.56.846 Millions.
The management is always committed towards customer satisfaction,
In-depth solutions, innovation and efficiency. During the year company has
commissioned and handed over various distilleries and fuel ethanol
plants, where your Company has set a new bench mark for the industry by providing one of the most
efficient plants to produce alcohol and fuel ethanol with minimum effluent
discharge and further converting that effluent in to bio-fertilizer for better
plant growth or to burn as a fuel for generating energy. Increase in the
turnover and profits are really a motivating for the Company at this stage.
Also constant efforts to control costs and economizing the project execution
process has lead to good profits.
MARKETING AND
EXPORT:
In the last financial year, the Company had established its’ branch
office to cater the ongoing projects and tap the business potentials of the
FINANCE:
In addition to the infusion of equity by its parent company, the Company
has approached bankers for higher limits to meet the capital requirement of the
Company for. Shree Renuka Sugars Limited has provided securities like corporate
Guarantees and liens whenever necessary.
CONTINGENT
LIABILITIES:
Outstanding Guarantee issued by the Company and Bankers of the Company, to customers Rs.212.950 Million (2007-08 Rs.270 Million). Sales Tax liability on account not of receipt/issue of necessary declaration forms the customers is Rs.616.600 Million as the collection/issue of forms is in process. The company does not provide for warranty claims, as there are no precedents of such claim against the company.
There are no other contingent liabilities as on the date of balance sheet. As the company is involved in engineering industry, the liability towards completion of the project in progress is a contingent liability. However the liability cannot be quantified.
TRADE REFERENCES:
·
Shree Renuka Sugars Limited
·
International Beverages
Trading Company Limited
·
Bronzeoak Limited,
·
Gwalior Distillers
Limited
Form 8:
|
Name of the company |
K.B.K. CHEMICAL
ENGINEERING PRIVATE LIMITED |
|
Presented By |
Saraswat Co-Operative Bank Limited |
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation of Movable Property (Packing Credit) dated 29.12.2004. Agreement of Hypothecation of Movable Property dated 29.12.2004 Equitable Mortgage by way of Deposit of Title deeds dated 29.12.2004. (these three agreements constitute single charge) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.6.500 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
The Borrower’s both do hereby Hypothecate to and in favour of the Bank all Stock, Tangible Movable Property including the said material and including the stock for the time being whether new or manufactures or in process of manufacturing and every tangible movable property/ machinery/ plant. Furniture, fixture (both present and future) belonging to the Borrower’s and lying and at the borrowers place of business, at Karve Nagar and Bhosri or wherever else the same way be kept. The following property is also provided to secure aforesaid limit : All the piece and parcel of Flat/ apartment No.6 admeasuring about 72.84 Sq.mtrs. (Built up) on the Second floor of the building known as Swami Chaya Apartments constructed on the property bearing Plot No.5 olut of survey No.38/2, CTS No.1189 of Mouje Hingane Budruk (Maharshi Karvenagar), within the registration District Pune, Sub-Registration Taluka- Mulshi and within the limits of Pune ?Municipal Corporation, together with such percentage i.e. 10.5% of undivided share in the common areas and facilities of the land and building as has been annexed to the said apartment and with all easementary rights annexed to the said apartment and with all fixtures, furniture and fittings in the said apartment and with all rights, title and interest. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Type of Facility : One time Packing Credit/ Post Shipment Limit Rate of Interest : @ 8.5% p.a. or at such other rate as may be fixed by the Bank form time to time. Repayment : As per agreement |
|
5) Name and Address and description of the person entitled to the charge. |
The Saraswat Co-Operative Bank Limited Karve Nagar Branch, Pune |
|
6) Date and brief description of instrument modifying the charge |
N.A. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
|
Corporate
identity number of the company |
U74210PN1997PTC111151
|
|
Name of the
company |
KBK CHEM –
ENGINEERING PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
I – DOT, Survey No. 13/3/7, NDA – Pashan Road, Bavdhan Khurd, Near
Maratha Mandir Hall, Pune – 411021, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
10090118 |
|
Type of charge |
Immovable
property Any interest in
Immovable property Book Debts Movable Property |
|
Particular of
charge holder |
IDBI Bank
Limited, |
|
Nature of
instrument creating charge |
Indenture of
Mortgage dated 25th September 2009 registered on 30th September 2009 executed
in favour of IDBI Bank Limited for the working capital facilities not
exceeding Rs.650.0 mn sanctioned by IDBI Bank Limited ranking pari passu with
ICICI Bank Ltd through their security trustee 3i Infotech Security
Trusteeship Services Ltd. Supplemental Deed of Hypothecation dated 21st
October, 2009 to the Deed of Hypothecation dated 15th February, 2008 between
company and IDBI. |
|
Date of
instrument Creating the charge |
25.09.2009 |
|
Amount secured by
the charge |
Rs.650.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest For Cash
Credit:BPLR-1.25% p.a. (payable monthly) For Working
Capital Demand Loan/Short Term Loan: To be decided at the time of drawl
depending upon prevailing market rate. Terms of
Repayment Cash Credit:12
months line Working Capital
Demand Loan/Short Term Loan: Tenure of
Individual Facility/Validity:90 days/1 year Bill discounting:
To be decided at the time of bill discounting depending upon prevailing
market rate. Export packing
credit/EBR/PCFC/FBP/FBN: Tenure of Individual Facility/Validity=180 days/1
year. Bank Guarantee:
Tenure of each guarantee is maximum one year. Margin Cash Credit:
stocks 25%, Book Debts 25% (upto 180 days) Working Capital
Demand Loan/Short Term Loan: stocks 25%, Book Debts 25% (upto 180 days) Export packing
credit/EBR/PCFC/FBP/FBN: 10% of the value/order Bank Guarantee:
NIL. Extent and
Operation of the charge First charge on the
stock and debtors of the company and NA land situated at Village Kasaramboli,
within the jurisdiction of Panchayat Samiti and Taluka Mulshi, District Pune
bearing Survey No. 540 adm.0 Hectres - 30 Aars (i.e. 3000 sq. meters) Or
thereabouts, Together with all buildings and structures thereon and all plant
and machinery attached to the earth ranking Pari Passu with ICICI Bank
Limited Others bounded as
under:- On or towards
East By Property of Vulcan
Company On or towards
South By Boundary of Village
Uravade On or towards
North By remaining part of Gat no.
540 On or towards
West By remaining part of Gat No.
540 |
|
Short particulars
of the property charged |
NA land situated
at Village Kasaramboli, within the jurisdiction of Panchayat Samiti and
Taluka Mulshi, District Pune bearing Survey No. 540 adm.0 Hectres - 30 Aars Stocks of Raw
Materials, stock in process, semi finished and finished goods, stores and
spares not relating to plant and machinery(consumable stores and spares), bills
receivables, and book debts, etc |
|
Date of
instrument modifying the charge |
26.03.2008 |
|
Particulars of
the present modification |
Enhancement of
the total facility (Fund and Non Fund Based) from existing Rs.150.000 Millions
to Rs.650.000 Millions from the Bank. Pari Passu ranking of the charge with
ICICI Bank Limited through their security trustee 3I Infotech Trusteeship
Services Limited by way of hypothecation of the Company's movable property,
goods, stocks, receivables, claims, debts, outstanding moneys, rights to and
in moveable assets and by way of
mortgage on the NA land at Gut No. 540 A/p Kasaramboli, Tal Mulashi. |
FIXED ASSETS:
·
·
·
·
Plant and Machinery
·
Computers
·
Vehicles
·
Furniture and Fixture
·
Office 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.51.16 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.68.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--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.