|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZOPAR EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306 Classique Mansion, 6th Cross, Hal IInd Stage, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.10.2000 |
|
|
|
|
Com. Reg. No.: |
08-027892 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.178 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999KA2000PTC027892 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRZ00066D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter of Fresh Flowers and Plants Trees, Fruits Vegetables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 54000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
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) |
|
|
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 : |
306 Classique Mansion, 6th Cross, Hal IInd Stage, Bangalore - 560008,
Karnataka, India |
|
Tel. No.: |
91-80-41482764 / 41482765 / 25216203 / 30612661 |
|
Fax No.: |
91-80-25216203 |
|
E-Mail : |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Rajesh Prasad |
|
Designation : |
Managing director |
|
Address : |
#306, Classique Mansion 19th main Hal 2nd Stage,
Bangalore – 560008, Karnataka, India |
|
Date of Birth/Age : |
08.01.1962 |
|
Date of Appointment : |
16.10.2000 |
|
DIN No.: |
00454691 |
|
|
|
|
Name : |
Mr. Leivang Lianzami |
|
Designation : |
Whole-time director |
|
Address : |
Elvee haven Aributhnot Road, Nongrimmaw Laithukh Rah, Shillong
-793011, Mehgalaya, India |
|
Date of Birth/Age : |
13.04.1935 |
|
Date of Appointment : |
16.10.2000 |
|
DIN No.: |
01103050 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rajesh Prasad |
|
17750 |
|
Leivang Lianzami |
|
100 |
|
Total |
|
17850 |
List of Allottes
As on 17.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Lianzami |
|
160000 |
|
Total |
|
160000 |
As on 29.09.2010
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 : |
Exporter of Fresh Flowers and Plants Trees, Fruits Vegetables. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
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|
|
|||||||||||||||
|
Bankers : |
·
Export-Import Bank of India, Centre one Building,
Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005,
Maharashtra, India ·
State Bank of India ·
Dena Bank ·
Vijaya Bank ·
HDFC Bank ·
ICICI Bank ·
Axis Bank |
|||||||||||||||
|
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|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M S Reddy and Associates Chartered Accountants |
|
Address : |
#726, 3rd Main, 3rd Cross, D Block, Rajaji Nagar, 2nd Stage, Bangalore
– 560010, Karnataka, India |
|
Tel. No.: |
91-80-23422430 / 23523004 |
|
E-Mail : |
|
|
PAN.: |
AAHFM8516E |
CAPITAL STRUCTURE
After 29.09.2010
Authorised Capital : Rs.20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.15.079 Millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.10/- each |
Rs.0.200 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17850 |
Equity Shares |
Rs.10/- each |
Rs.0.178
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.178 |
0.178 |
0.178 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.419 |
10.176 |
6.542 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.597 |
10.354 |
6.720 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.249 |
1.104 |
0.369 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.249 |
1.104 |
0.369 |
|
|
DEFERRED TAX LIABILITIES |
0.777 |
0.268 |
0.116 |
|
|
|
|
|
|
|
|
TOTAL |
15.623 |
11.726 |
7.205 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.365 |
11.536 |
5.505 |
|
|
Capital work-in-progress |
22.333 |
33.798 |
20.672 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.541
|
3.491 |
7.387 |
|
|
Sundry Debtors |
23.213
|
44.842 |
28.306 |
|
|
Cash & Bank Balances |
3.759
|
1.729 |
7.266 |
|
|
Other Current Assets |
4.774
|
3.775 |
3.447 |
|
|
Loans & Advances |
36.611
|
12.214 |
7.900 |
|
Total
Current Assets |
69.898
|
66.051 |
54.306 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
91.023
|
75.707 |
14.092 |
|
|
Other Current Liabilities |
7.739
|
22.603 |
57.050 |
|
|
Provisions |
3.211
|
1.349 |
2.136 |
|
Total
Current Liabilities |
101.973
|
99.659 |
73.278 |
|
|
Net Current Assets |
(32.075)
|
(33.608) |
(18.972) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.623 |
11.726 |
7.205 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
TURNOVER |
137.218 |
129.917 |
106.194 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.763 |
8.906 |
6.013 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.146 |
2.982 |
0.780 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.617 |
5.924 |
5.233 |
|
|
|
|
|
|
|
Less |
TAX |
2.374 |
2.290 |
1.870 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.243 |
3.634 |
3.363 |
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
0.000 |
0.235 |
0.061 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
181.68 |
203.59 |
188.40 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.90
|
7.64 |
8.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.57 |
0.79 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.59
|
9.73 |
10.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69
|
0.66 |
0.74 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
|
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
|
|
9) Name of person contacted |
|
|
10) Designation of contact person |
|
|
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 |
|
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
|
|
17) Major suppliers |
|
|
18) Major customers |
|
|
19) Payments terms |
|
|
20) Export / Import details (if applicable) |
|
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
No |
|
30) Major Shareholders, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U74999KA2000PTC027892 |
|
Name of the company |
ZOPAR EXPORTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
306 Classique Mansion, 6th Cross, Hal IInd Stage, Bangalore - 560008,
Karnataka, India E-mail : zoparexpo@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10243555 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge holder |
Export-Import Bank of India, Centre one Building, Floor 21, World
Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India E-mail : eximgro@eximbankindia.in
|
|
Nature of instrument creating charge |
Unattested Modifying Deed of Hypothecation dated 12.10.2011 executed
by subject in favour of Export-Import Bank of India ("Exim Bank"),
for its term loan of Rs.8.500 Millions |
|
Date of instrument Creating the charge |
12.10.2011 |
|
Amount secured by the charge |
Rs.8.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Per annum rate equal to Exim Bank's PLR in force time to time minus
300 bps payable by Borrower with monthly rests subject to reset accordance Terms of Repayment Unless the Borrower shall prepay the Rupee Loan in pursuance of
Schedule II-A of the Loan Agreement, the Rupee Loan shall be repaid by the
Borrower in 60 (sixty) equal monthly installments, linked to commencement of
commercial production, commencing from June 20, 2012 or such other date
closer to that date as may be advised by Exim Bank at the time of making the
first disbursement. Extent and Operation of the charge The charge created by the aforesaid Modified Deed of Hypothecation
shall operate as a continuing security by way of Second charge in favour of Exim Bank over the
Borrower's entire current assets (instead of first charge) and Exclusive
first charge on the entire movable fixed assets, both present and future, for
the due repayment of the loan of Rs. 8.500 Millions together with interest and other monies payable by the
Borrower to Exim Bank. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Second charge on the entire current assets of the borrower, present
and future Exclusive first charge on the entire moveable fixed assets of the
borrower, present and future ( except specific vehicles exclusively charged
to SBI) |
|
Date of instrument modifying the charge |
05.10.2010 |
|
Particulars of the present modification |
The due repayment of the loan of Rs.8.500 Millions together with
payment of interest and all other monies payable by the Borrower to Exim Bank
which is secured by way of first charge on current assets and exclusive
charge over fixed assets is now modified to second charge on current assets
and exclusive charge on fixed assets vide Modifying Deed of Hypothecation
dated 12.10.2011. |
Fixed Assets:
·
Computers and Printer
·
Office Equipments
·
Furniture and Fixtures
·
Plant and Machinery
·
Vehicles
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.52.52 |
|
|
1 |
Rs.85.49 |
|
Euro |
1 |
Rs.69.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.