|
Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
KLOECKNER DESMA MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 53, Madhuban, Near Madalpur, Under |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.04.1995 |
|
|
|
|
Com. Reg. No.: |
04-25601 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.90.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28999GJ1995FTC025601 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK00539A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK8768N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Sellers of Injection Moulding Machines, Rubber
Moulding Machines, Unit Sole Machines, Shoe Soling Machines and Moulds. |
|
|
|
|
No. of
Employees: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1080680 |
|
|
|
|
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) |
|
India |
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 : |
No. 53, Madhuban, Near Madalpur, Under |
|
Tel. No.: |
91-79-26440331 |
|
Mobile No.: |
91-9822395625 (Mr. Nayan Tope) |
|
Fax No.: |
91-79-26421324 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
884 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 10, Road No. 1, GIDC, Kathwada, Torrent Power
Substalien, Ahmedabad – 382445, |
|
Tel. No.: |
91-79-22901782/ 66190000 |
|
Fax No.: |
91-79-22901785 |
|
Area : |
2200 Sq. Mtr. |
|
Location : |
Leased |
|
|
|
|
Branches : |
Pune "B-106, 1st Floor,
Jay Ganesh Vision (Multiplex), Akurdi, Pune-410033 Phone : 91 20
27442717 E-mail : klocknerwest@vsnl.net
, desmapune@desmaindia.com 14, Ground Floor, World
Trade Centre, Phone : 91 11 23411162 / 5152 8152 Fax: 91 11 23411161 E-mail: klockner@bol.net.in , desmadelhi@desmaindia.com Chennai Old no.99 / New no.
145, Vardammal Garden 3rd Street, Barraca Road, Kilpauk, Chennai - 600
010, Tamilnadu, India Tel/Fax : 91 44
26651720 E-mail :desmachennai@dataone.in |
DIRECTORS
AS ON 21.07.2011
|
Name : |
Mr. Mahendra Narsinhbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
15, Kairavi Bunglows, Near Sarathi Hotel, Bodekdev,
Ahmedabad – 380054, |
|
Date of Birth/Age : |
17.01.1949 |
|
Qualification : |
M.Sc [Indl. Engg. and Admn.] from |
|
Date of Appointment : |
25.04.1995 |
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 |
U29259GJ1979PTC003363 |
MAMATA MACHINERY PRIVATE
LIMITED |
Managing director |
12/09/1994 |
12/09/1994 |
- |
Active |
NO |
|
2 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Managing director |
25/04/1995 |
25/04/1995 |
- |
Active |
NO |
|
3 |
U74999GJ1995FTC025783 |
FERROMATIK MILACRON INDIA
Private Limited |
Director |
31/05/1995 |
31/05/1995 |
- |
Active |
NO |
|
4 |
U29212GJ1997PTC031529 |
MAMATA EXTRUSION SYSTEMS
PRIVATE LIMITED |
Director |
17/01/1997 |
17/01/1997 |
- |
Active |
NO |
|
5 |
U29199GJ1997FTC032397 |
KHS MACHINERY PRIVATE
LIMITED |
Director |
01/01/2011 |
26/05/1997 |
- |
Active |
NO |
|
6 |
U65910GJ1993PTC019248 |
MAMATA GROUP CORPORATE
SERVICES PRIVATE LIMITED |
Director |
11/08/1997 |
11/08/1997 |
- |
Active |
NO |
|
7 |
U72200GJ1992PTC017819 |
SOURCEPRO INFOTECH PRIVATE
LIMITED |
Director |
17/07/2000 |
17/07/2000 |
25/12/2009 |
Active |
NO |
|
8 |
U40106GJ2001PTC039173 |
MAMATA ENERGY PRIVATE
LIMITED |
Director |
17/01/2001 |
17/01/2001 |
- |
Active |
NO |
|
9 |
U25202GJ2004PTC045123 |
SUNPACK BARRIER FILMS
PRIVATE LIMITED |
Director |
13/12/2004 |
13/12/2004 |
- |
Active |
NO |
|
10 |
U25202GJ2006PTC047451 |
MAMATA-SPAN FLEXOPACK
PRIVATE LIMITED |
Director |
04/01/2006 |
04/01/2006 |
- |
Active |
NO |
|
11 |
U72200GJ2000PTC038028 |
VIBRATIONS INFOTALS
PRIVATE LIMITED |
Director |
30/03/2006 |
30/03/2006 |
- |
Active |
NO |
|
12 |
U65999GJ2004PTC044563 |
NATRAJ FINSEC (INDIA)
PRIVATE LIMITED |
Additional director |
06/11/2006 |
06/11/2006 |
- |
Active |
NO |
|
13 |
U40106GJ2006PTC049596 |
MAMATA PYRON SOLAR PRIVATE
LIMITED |
Director |
27/09/2007 |
19/12/2006 |
- |
Strike off |
NO |
|
14 |
U65910GJ1990PTC014305 |
MAMATA MANAGEMENT SERVICES
PRIVATE LIMITED |
Director |
29/09/2007 |
31/12/2006 |
- |
Active |
NO |
|
15 |
U29249GJ2007PTC050353 |
HYDCO ENGINEERING PRIVATE
LIMITED |
Director |
12/08/2008 |
02/07/2007 |
- |
Active |
NO |
|
16 |
U73100GJ2008NPL054708 |
INDIAN CENTRE FOR CLIMATE
AND SOCIETAL IMPACTS RESEARCH |
Director |
07/08/2008 |
07/08/2008 |
- |
Active |
NO |
|
17 |
L25209DD1988PLC001544 |
WIM PLAST LIMITED |
Director |
18/09/2010 |
27/07/2010 |
- |
Active |
NO |
|
Name : |
Mr. Gurucharan Singh Bhuller |
|
Designation : |
Director |
|
Address : |
KBM Consulting GmbH, |
|
Date of Birth/Age : |
02.12.1940 |
|
Date of Appointment : |
25.04.1995 |
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 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Director |
25/04/1995 |
25/04/1995 |
01/03/2011 |
Active |
NO |
|
2 |
U29259GJ1979PTC003363 |
MAMATA MACHINERY PRIVATE
LIMITED |
Director |
28/04/1995 |
28/04/1995 |
01/02/2011 |
Active |
NO |
|
3 |
U29199GJ1997FTC032397 |
KHS MACHINERY PRIVATE
LIMITED |
Director |
26/05/1997 |
26/05/1997 |
14/03/2011 |
Active |
NO |
|
Name : |
Dr. Scholz Bernd |
|
Designation : |
Director |
|
Address : |
Kolceckner Strasse, 29, 4705, |
|
Date of Birth/Age : |
02.02.1947 |
|
Date of Appointment : |
19.06.1997 |
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 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Nominee director |
19/06/1997 |
19/06/1997 |
19/03/2012 |
Active |
NO |
|
Name |
Mr. Arun Bhaskerrai Mankodi |
|
Designation |
Whole Time Director |
|
Address |
A/ 702, Devraj Flats, Near Judges Bunglow,
Ahmedabad – 380 054, |
|
Date of Birth |
18.05.1960 |
|
Date of Appointment |
27.04.2006 |
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 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY PRIVATE
LIMITED |
Managing director |
01/11/2010 |
27/04/2006 |
- |
Active |
NO |
|
Name |
Mr. Burkhard Becker |
|
Designation |
Director |
|
Address |
Tippelstr 43 A, OT Niederbonsfeld, |
|
Date of Birth |
02.02.1960 |
|
Date of Appointment |
04.03.2009 |
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 |
U29199GJ1997FTC032397 |
KHS MACHINERY PRIVATE
LIMITED |
Nominee director |
24/03/2009 |
27/02/2008 |
14/03/2011 |
Active |
NO |
|
2 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Nominee director |
09/09/2009 |
04/03/2009 |
01/03/2011 |
Active |
NO |
|
Name |
Mr. Martin Schuermann |
|
Designation |
Director |
|
Address |
Hohenstrabe 16, Stockach – 78333, |
|
Date of Birth |
10.07.1962 |
|
Date of Appointment |
23.05.2007 |
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 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Nominee director |
23/05/2007 |
23/05/2007 |
- |
Active |
NO |
|
Name |
Mr. Anke Fischer |
|
Designation |
Chairman and Managing Director |
|
Address |
Beimdorf 31, Duesseldorf, Germany |
|
Date of Birth |
15.06.1965 |
|
Date of Appointment |
14.03.2011 |
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 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Nominee director |
21/07/2011 |
14/03/2011 |
- |
Active |
NO |
|
2 |
U29199GJ1997FTC032397 |
KHS MACHINERY PRIVATE
LIMITED |
Nominee director |
19/07/2011 |
25/03/2011 |
- |
Active |
NO |
|
Name |
Mr. Roland Flach |
|
Designation |
Director |
|
Address |
Hohenstr 30, Kronberg Taunus - 61476 |
|
Date of Birth |
31.10.1944 |
|
Date of Appointment |
14.03.2011 |
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 |
U29199GJ1997FTC032397 |
KHS MACHINERY PRIVATE
LIMITED |
Nominee director |
01/09/2009 |
24/03/2009 |
21/06/2011 |
Active |
NO |
|
2 |
U28999GJ1995FTC025601 |
KLOECKNER DESMA MACHINERY
PRIVATE LIMITED |
Nominee director |
21/07/2011 |
14/03/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Klocekner Desma
Elastomertechnik GmbH, |
|
8999991 |
|
Kloeckner Mercator Maschinenbau GmbH, |
|
9 |
|
Total |
|
9000000 |
AS ON 21.07.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Sellers of Injection Moulding Machines, Rubber Moulding
Machines, Unit Sole Machines, Shoe Soling Machines and Moulds. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, 9th Floor, Jmc House Branch, Ambawadi, Ahmedabad -
380006, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House Chartered Accountant |
|
Address : |
252, Veer Savarkar Marg, |
|
|
|
|
Holding Company : |
Kloeckner Desma Elastomertechnik GmbH, |
|
|
|
|
Ultimate Holding Company: |
|
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 21.07.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000
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 |
90.000 |
90.000 |
90.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
180.170 |
116.139 |
68.841 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
270.170 |
206.139 |
158.841 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.582 |
2.937 |
3.109 |
|
|
2] Unsecured Loans |
168.475 |
187.803 |
191.080 |
|
|
TOTAL BORROWING |
170.057 |
190.740 |
194.189 |
|
|
DEFERRED TAX LIABILITIES |
8.905 |
5.396 |
4.218 |
|
|
|
|
|
|
|
|
TOTAL |
449.132 |
402.275 |
357.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
251.693 |
256.745 |
261.236 |
|
|
Capital work-in-progress |
0.202 |
0.599 |
2.860 |
|
|
|
|
|
|
|
|
INVESTMENT |
113.142 |
65.377 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
137.942
|
111.429
|
113.977
|
|
|
Sundry Debtors |
86.838
|
76.315
|
13.908
|
|
|
Cash & Bank Balances |
37.675
|
10.513
|
78.870
|
|
|
Other Current Assets |
11.659
|
0.188
|
0.133
|
|
|
Loans & Advances |
35.643
|
17.648
|
23.969
|
|
Total
Current Assets |
309.757
|
216.093
|
230.857
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
86.296
|
64.470
|
68.294 |
|
|
Other Current Liabilities |
108.510
|
46.715
|
55.195
|
|
|
Provisions |
30.856
|
25.354
|
14.215
|
|
Total
Current Liabilities |
225.662
|
136.539
|
137.704
|
|
|
Net Current Assets |
84.095
|
79.554
|
93.153
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
449.132 |
402.275 |
357.248 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
797.057 |
532.215 |
376.289 |
|
|
|
TOTAL (A) |
797.057 |
532.215 |
376.289 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
306.322 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
135.140 |
110.083 |
69.967 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.484 |
6.654 |
18.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
128.656 |
103.429 |
51.820 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.884 |
22.706 |
9.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
105.772 |
80.723 |
42.597 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
36.511 |
27.108 |
17.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
69.261 |
53.615 |
25.267 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
4.500 |
0.747 |
4.500 |
|
|
|
Tax on Proposed Dividend |
0.730 |
0.747 |
0.765 |
|
|
|
Capitalized by way of Bonus Issue |
0.000 |
0.000 |
28.429 |
|
|
BALANCE CARRIED
TO THE B/S |
180.170 |
117.209 |
68.841 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
169.084 |
110.062 |
63.287 |
|
|
TOTAL EARNINGS |
69.084 |
110.062 |
63.287 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
68.741 |
62.458 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.69 |
5.84 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.69
|
10.07
|
6.71
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
18.84
|
0.39
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.46
|
1.59
|
0.87
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.58
|
1.68
|
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 |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
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 |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U28999GJ1995FTC025601 |
|
Name of the company |
KLOECKNER DESMA MACHINERY PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
53 Madhuban, Near Madalpur Under Bridge,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
ICICI BANK LIMITED |
|
Nature of instrument creating charge |
Letter of the Company undertaking
regarding repayment of Derivatives 1 - Rs. 23.2 million and Derivatives 2 -
Rs. 6.8 million. |
|
Date of instrument Creating the charge |
23/04/2011 |
|
Amount secured by the charge |
Rs.30.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Terms of Repayment In consideration of ICICI having granted/
agreed to grant to the Hypothecator the Facilities, agreement and declaration
by the Hypothecator, shall pay/repay all amounts in respect of the Facilities
and pay interest and all other monies in the manner set out in the Master
ISDA agreement dated 16th December, 2010 and the other Transaction documents. Margin Margin Trigger Level: 90% Margin Review Frequency: Quartely Extent and Operation of the charge The Security Template and Recouse Cheques
Equivalent To Loan Equivalent Value (Lev) Amount |
|
Particulars of the present modification |
No increase in the amount of charge. Only
terms of repayment are modified. The Borrower has undertaken to make the
repayment of the Facilities and pay interest and all other monies in the
manner set out in the Master ISDA agreement dated 16th December, 2010. |
FIXED ASSETS:
v
v Plant and Machinery
v Patterns and Dies
v Furniture and Fixtures
v Office Equipment
v Computers
v Vehicles
Intangible Assets
v Computer Software
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.54.68 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.