|
Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TIMES FIBREFILL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12/1, Nelli Sengupta Sarani, 2nd Floor, Suite-10, Kolkata –
700087, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.02.2001 |
|
|
|
|
Com. Reg. No.: |
092909 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.282 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB2001PTC092909 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALT04152B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT9269J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Technical Textile and Home Textile |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 55508 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company
has been successful in wiping off the accumulated losses of the previous
years. 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 caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. S Mukharjee |
|
Designation : |
Operation Head |
|
Contact No.: |
91-9874626499 |
|
Date : |
30.04.2012 |
LOCATIONS
|
Registered Office/Factory : |
12/1, Nelli Sengupta Sarani, 2nd Floor, Suite-10, Kolkata –
700087, West Bengal, India |
|
Tel. No.: |
91-33-22520343 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 17.08.2011
|
Name : |
Ms. Sangeeta Mall |
|
Designation : |
Director |
|
Address : |
CF 228 Sector 1, Salt Lake City, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
19.05.1965 |
|
Date of Appointment : |
01.07.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51109WB2001PTC092909 |
TIMES FIBREFILL PRIVATE LIMITED
|
Director |
01/07/2008 |
01/07/2008 |
- |
Active |
NO |
|
Name : |
Mr. Ajay Kumar Mall |
|
Designation : |
Director |
|
Address : |
FD 142 Sector 1, Salt Lake City, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
23.10.1959 |
|
Date of Appointment : |
16.02.2001 |
|
Date of Ceasing: |
16.01.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
L51109WB1983PLC037008 |
MALLCOM (INDIA) LTD |
Managing director |
01/04/2008 |
13/12/1983 |
- |
Active |
NO |
|
2 |
U51109WB1988PTC044571 |
MINDI AGENCIES PRIVATE
LIMITED |
Director |
20/11/1990 |
20/11/1990 |
- |
Active |
NO |
|
3 |
U52324WB1994PLC063663 |
SEMALL IMPEX LTD |
Director |
22/06/1994 |
22/06/1994 |
18/01/2011 |
Active |
NO |
|
4 |
U65929WB1996PTC080879 |
DESHNOKE INVESTMENTS &
HOLDINGS PVT LTD |
Director |
12/08/1996 |
12/08/1996 |
- |
Amalgamated |
NO |
|
5 |
U19201WB1998PLC086246 |
DELTMAL SAFETY SHOES
LIMITED |
Director |
02/01/1998 |
02/01/1998 |
30/11/2010 |
Active |
NO |
|
6 |
U67120WB1991PLC050714 |
GOLDMOHUR FINVEST LIMITED |
Director |
30/09/1998 |
30/09/1998 |
- |
Amalgamated |
NO |
|
7 |
U72900WB2000PTC091341 |
SIRIUS TECHNOLOGIES
PRIVATE LIMITED |
Director |
13/03/2000 |
13/03/2000 |
11/08/2011 |
Active |
NO |
|
8 |
U51109WB2001PTC092909 |
TIMES FIBREFILL PRIVATE
LIMITED |
Director |
16/02/2001 |
16/02/2001 |
16/01/2010 |
Active |
NO |
|
9 |
U19201WB2004PTC100923 |
DELTA PLUS (INDIA) PRIVATE
LIMITED |
Director |
30/12/2004 |
30/12/2004 |
30/11/2010 |
Active |
NO |
|
10 |
U18101WB2005PTC104414 |
MALLCOM FASHION KNITTERS
PRIVATE LIMITED |
Director |
28/07/2005 |
28/07/2005 |
- |
Active |
NO |
|
11 |
U65993WB2006PTC110331 |
MALLCOM HOLDINGS PVT LTD |
Director |
03/07/2006 |
03/07/2006 |
- |
Active |
NO |
|
12 |
U51109WB1995PTC069828 |
ANMOL COMPONENT PVT LTD |
Director |
05/12/2006 |
05/12/2006 |
- |
Active |
NO |
|
13 |
U91100WB2007NPL117357 |
CALCUTTA LEATHER PRODUCTS
& FOOTWEAR PARK |
Director |
20/07/2007 |
20/07/2007 |
17/07/2011 |
Active |
NO |
|
14 |
U19200WB2007PTC120303 |
MALLCOM SAFETY PRIVATE
LIMITED |
Director |
08/11/2007 |
08/11/2007 |
- |
Active |
NO |
|
15 |
U19115WB2008PTC122665 |
LEXOTIC EXPORTS PRIVATE
LIMITED |
Director |
15/02/2008 |
15/02/2008 |
- |
Active |
NO |
|
16 |
U19115WB2008PTC124854 |
TWO STAR TANNERY PRIVATE
LIMITED |
Director |
10/04/2008 |
10/04/2008 |
- |
Active |
NO |
|
17 |
U25209WB2002PTC166943 |
BEST SAFETY PRIVATE
LIMITED |
Director |
25/05/2009 |
25/05/2009 |
25/05/2009 |
Active |
NO |
|
18 |
U67120WB1996PTC081091 |
KADAMBINI SECURITIES PVT
LTD |
Director |
30/06/2009 |
30/06/2009 |
- |
Active |
NO |
|
19 |
U65922WB1996PTC080926 |
DNB Exim Private Limited |
Director |
30/09/2011 |
15/06/2011 |
- |
Active |
NO |
|
20 |
U36999WB2011PTC168896 |
MALLCOM SAFETY EQUIPMENT
PRIVATE LIMITED |
Director |
25/10/2011 |
25/10/2011 |
- |
Active |
NO |
|
21 |
U70101WB1996PTC080925 |
Chaturbujh Impex Private
Limited |
Director |
24/11/2011 |
24/11/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Kumar Mall |
|
Designation : |
Director |
|
Address : |
CF 228 Sector 1, Salt Lake City, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
17.10.1962 |
|
Date of Appointment : |
04.04.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U24246WB1989PTC047542 |
MALLCOM DOMESTIC PRODUCTS
PVT LTD |
Director |
07/09/1989 |
07/09/1989 |
- |
Strike off |
NO |
|
2 |
U51109WB1988PTC044571 |
MINDI AGENCIES PRIVATE
LIMITED |
Director |
20/11/1990 |
20/11/1990 |
- |
Active |
NO |
|
3 |
U52324WB1994PLC063663 |
SEMALL IMPEX LTD |
Director |
22/06/1994 |
22/06/1994 |
28/10/2010 |
Active |
NO |
|
4 |
U51109WB2001PTC092909 |
TIMES FIBREFILL PRIVATE
LIMITED |
Director |
04/04/2011 |
16/02/2001 |
- |
Active |
NO |
|
5 |
L51109WB1983PLC037008 |
MALLCOM (INDIA) LTD |
Whole-time director |
01/04/2008 |
01/04/2002 |
28/02/2011 |
Active |
NO |
|
6 |
U19201WB1998PLC086246 |
DELTMAL SAFETY SHOES
LIMITED |
Director |
20/04/2002 |
20/04/2002 |
28/10/2010 |
Active |
NO |
|
7 |
U65929WB1996PTC080879 |
DESHNOKE INVESTMENTS &
HOLDINGS PVT LTD |
Director |
31/08/2004 |
31/08/2004 |
- |
Amalgamated |
NO |
|
8 |
U67120WB1991PLC050714 |
GOLDMOHUR FINVEST LIMITED |
Director |
10/09/2004 |
10/09/2004 |
- |
Amalgamated |
NO |
|
9 |
U19201WB2004PTC100923 |
DELTA PLUS (INDIA) PRIVATE
LIMITED |
Director |
30/12/2004 |
30/12/2004 |
28/10/2010 |
Active |
NO |
|
10 |
U19200WB2007PTC120303 |
MALLCOM SAFETY PRIVATE
LIMITED |
Director |
08/11/2007 |
08/11/2007 |
30/05/2011 |
Active |
NO |
|
11 |
U67120WB2000PTC092119 |
SHIDHARTH SECURITIES
PRIVATE LIMITED |
Director |
27/03/2009 |
27/03/2009 |
31/03/2009 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. S Mukharjee |
|
Designation : |
Operation Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sangeeta Mall |
|
214500 |
|
Sanjay Kumar Mall |
|
128750 |
|
Giriraj Mall |
|
20000 |
|
Kiran Mall |
|
17500 |
|
Mallcom Agencies Private Limited, Kolkata |
|
40000 |
|
Sangeeta Sadani |
|
7500 |
|
Total |
|
428250 |
AS ON 17.08.2011
|
Category |
Percentage |
|
Bodies corporate |
9.34 |
|
Directors or relatives of Directors |
80.15 |
|
Other top fifty shareholders |
10.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Technical Textile and Home Textile |
|
|
|
|
Exports : |
|
|
Products : |
Technical Textile and Home Textile |
|
Countries : |
European Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
China ·
European Countries |
|
|
|
|
Terms : |
|
|
Selling : |
TT, Depends |
|
|
|
|
Purchasing : |
Depends |
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries ·
Fibre Sales |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
·
Wholesalers ·
Manufacturer |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Sme Branch, Salt Lake, Plot No. X-1, 8/1, Block -Ep, Sector-V, Salt Lake Electronics Complex, Kolkata - 700091, West Bengal, India ·
The Federal Bank Limited, New Market Branch,
12/1, Lindsay Street, Calcutta - 700087, West Bengal, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Seth and Company Chartered Accountant |
|
Address : |
12/1 Lindsay Street, 1st Floor, Kolkata – 700087, West Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
428250 |
Equity Shares |
Rs.10/- each |
Rs.4.282
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 |
4.282 |
3.983 |
3.983 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.595 |
1.764 |
1.764 |
|
|
4] (Accumulated Losses) |
0.000 |
(0.588) |
(1.546) |
|
|
NETWORTH |
13.877 |
5.159 |
4.201 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.649 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
4.957 |
2.500 |
2.575 |
|
|
TOTAL BORROWING |
23.606 |
2.500 |
2.575 |
|
|
DEFERRED TAX LIABILITIES |
1.647 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.130 |
7.659 |
6.776 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
35.115 |
3.960 |
4.421 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.005 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.147
|
1.196 |
0.800 |
|
|
Sundry Debtors |
1.289
|
0.445 |
0.787 |
|
|
Cash & Bank Balances |
0.917
|
1.160 |
0.128 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.797
|
2.111 |
1.496 |
|
Total
Current Assets |
8.150
|
4.912 |
3.211 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.461
|
0.207 |
0.573 |
|
|
Other Current Liabilities |
0.813
|
1.002 |
0.448 |
|
|
Provisions |
0.866
|
0.185 |
0.038 |
|
Total
Current Liabilities |
4.140
|
1.394 |
1.059 |
|
|
Net Current Assets |
4.010
|
3.518 |
2.152 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.175 |
0.198 |
|
|
|
|
|
|
|
|
TOTAL |
39.130 |
7.659 |
6.776 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19.344 |
10.381 |
11.438 |
|
|
|
Job Work Charges |
0.317 |
0.738 |
0.670 |
|
|
|
Other Income |
0.439 |
0.013 |
0.322 |
|
|
|
TOTAL (A) |
20.100 |
11.132 |
12.430 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
8.963 |
4.953 |
7.129 |
|
|
|
Purchase of Trade Goods |
0.172 |
0.000 |
0.000 |
|
|
|
Manufacturing Expenses |
2.452 |
2.026 |
2.368 |
|
|
|
Employees Expenses |
2.407 |
1.261 |
1.016 |
|
|
|
Selling and Delivery Expenses |
0.675 |
0.497 |
0.471 |
|
|
|
Administrative and Other Expenses |
1.753 |
0.843 |
0.681 |
|
|
|
Loss on sale of Investment |
0.000 |
0.002 |
0.000 |
|
|
|
Preliminary Expenses Written off |
0.006 |
0.004 |
0.006 |
|
|
|
Increased / (Decreased) In Stock |
(1.467) |
0.043 |
0.048 |
|
|
|
TOTAL (B) |
14.961 |
9.629 |
11.719 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.139 |
1.503 |
0.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.004 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.139 |
1.499 |
0.710 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.604 |
0.521 |
0.580 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.535 |
0.978 |
0.130 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.817 |
0.021 |
0.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
2.718 |
0.957 |
0.094 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.588) |
(1.545) |
(1.639) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.130 |
(0.588) |
(1.545) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
13.52
|
8.60 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.44
|
9.42 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.48
|
11.02 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.19 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.99
|
0.75 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
3.52 |
3.03 |
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 |
Yes |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
Yes |
|
8)
No. of employees |
Yes |
|
9)
Name of person contacted |
Yes |
|
10)
Designation of contact person |
Yes |
|
11)
Turnover of firm for last three years |
Yes |
|
12)
Profitability for last three years |
Yes |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
No |
|
15)
Capital in the business |
Yes |
|
16)
Details of sister concerns |
No |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
Yes |
|
20)
Export / Import details (if applicable) |
Yes |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
Yes |
|
24)
Banking facility details |
Yes |
|
25)
Conduct of the banking account |
-- |
|
26)
Buyer visit details |
-- |
|
27)
Financials, if provided |
Yes |
|
28)
Incorporation details, if applicable |
Yes |
|
29)
Last accounts filed at ROC |
Yes |
|
30)
Major Shareholders, if available |
Yes |
FORM 8:
|
Corporate identity number of the company |
U51109WB2001PTC092909 |
|
Name of the company |
TIMES FIBREFILL PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
12/1 Lindsay Street, Kolkata – 700087,
West Bengal, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
STATE BANK OF INDIA |
|
Nature of instrument creating charge |
Memorandum for Recording Creation of
Mortgage by Deposit of Title Deeds |
|
Date of instrument Creating the charge |
25/10/2010 |
|
Amount secured by the charge |
Rs.25.500 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest CC : At 6.00% margin above the base rate is
presently 7.50 p.a. present effective rate 13.50% p.a. TL : At 6.75% margin above the base rate
is presently 7.50 p.a. present effective rate 13.50% p.a. Terms of Repayment Working Capital Limit is repayable on
demand. The Term Loan of Rs.1,80,00,000/- is
repayable in 60 monthly installments of Rs.3,00,000/- each commencing from
30.04.2011 and ending on 31.03.2016. Margin As stipulated by the Bank for the
respective assets from time to time. Raw Materials (Imported/Indigenous) : 25%, Semi Finished Goods : 30%, Finished Goods : 25%, Components/Consumables/Spares : 25%, Domestic Receivables : 40% (180 days cover
period), Export Packing Credit : NA Term Loan : 39.58%, Letter of Credit (for importing plant and
machinery) : 25% and Bank Guarantee : 20%. Extent and Operation of the charge The charge operates as first charge basis
on the whole of the mortgaged properties of the Company as mentioned in
Column No.15 to secure the maximum amount under the said charge fixed at
Rs.25.500 Millions together with interest, costs and charges thereon. Others The Borrower shall not do or allow
anything which may prejudice the security and shall comply with the terms and
conditions of the Agreement. |
|
Short particulars of the property charged |
All the piece and parcel of Bastu Land
measuring 4 Cottahs a little more or less together with 100 sq.ft. RTS
structure standing thereon along with all use of common passage and easement
right lying and situated at District South 24 Parganas, P.S. Maheshtala,
Pargana-Magura Mouza Chakchatta, J.L. No.23, R.S. No.502, R.S. Khatian
No.142, Dag No.80. All the piece and parcel of Bastu Land measuring 4 Cottahs
a little more or less together with 100 sq.ft. RTS structure standing thereon
along with all use of common passage and easement right lying and situated at
District South 24 Parganas, P.S. Maheshtala, Pargana-Magura Mouza Chakchatta,
J.L. No.23, R.S. No.502. All the piece and parcel of Danga Land measuring 13
Cottahs 4 Chittaks and 11 sq.ft.(24 satak) approx. lying and situated at
District South 24 Parganas, P.S. Maheshtala, Mouza Chakchatta within Asuti
Gram Panchait, 1 at Asuti Road, J.L. No.23, R.S. No.500 and 502 under Touji
No.119. All the piece and parcel of Bastu Land measuring 4 Cottahs 2 Chittaks
a little more or less together with 100 sq.ft. RTS structure standing thereon
along with all use of common passage and easement right lying and situated at
District South 24 Parganas, P.S. Maheshtala, Pargana Magura, Mouza
Chakchatta, J.L. No.23, R.S. No.502, L.R. Khatian No.761, Dag No.80. All the
piece and parcel of Land measuring more or less 5 acres lying and situated at
Plot No.II D/3 in Action Area II D of New Town, P.S. Rajarhat, Kolkata 700156
and all the residential apartment being Apartment No.304C on the 3rd floor of
Dwitiya Tower of the Prathama Dwitiya cluster having 794 sq.ft of super built
up area together with an open terrace measuring an area of 32 sq.ft. situated
in Uttara Housing Complex, Plot No.II D/3, in Action Area II D of New Town,
P.S. Rajarhat, Kol 700156, Dist. 24 Parganas. |
|
Particulars of the present modification |
By this modification, the overall limit
remains same at Rs.25.500 Millions. However, the overall limit is
additionally secured by creation of mortgage on the above mentioned properties
of the Company for securing due repayment and discharge of the liability by
the borrower to the bank together with interest, costs and charges thereon. All other terms and conditions continue to
remain as before in full force and effect. |
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.54.29 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.60.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.