|
Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
AIMIL LIMITED |
|
|
|
|
Formerly Known
As : |
MARUTI AUTOWAYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A 8, Mohan Co Operative Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.08.1972 |
|
|
|
|
Com. Reg. No.: |
55-006093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.75.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1972PLC006093 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and Manufacturing of Scientific Instruments |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1341000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and a reputed company having fine track.
Financial position of the company appears to be sound. Fundamentals are
strong and healthy. Trade relations are reported as fair. Business is active.
Payments are reported to be regular 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 / Factory / Corporate Office : |
A 8, Mohan Co Operative Industrial Estate, |
|
Tel. No.: |
91-11-30810213 / 30810200 |
|
Fax No.: |
91-11-26950011 / 26440866 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Branches : |
|
DIRECTORS
AS ON 04.08.2011
|
Name : |
Mr. Arvind Verma |
|
Designation : |
Director |
|
Address : |
N-36, Greater Kailash Part I, New Delhi-110048, India |
|
Date of Birth/Age : |
15.05.1953 |
|
Date of Appointment : |
18.08.1984 |
|
DIN No.: |
00206073 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1972PLC006093 |
AIMIL
LIMITED |
Managing
director |
01-12-11 |
18-08-84 |
Active |
NO |
|
2 |
U29113DL2008PTC177135 |
TINIUS
OLSEN INDIA PRIVATE LIMITED |
Director |
24-04-08 |
24-04-08 |
Active |
NO |
|
3 |
U28910DL2007PTC168136 |
MALVERN-AIMIL
INSTRUMENTS PRIVATE LIMITED |
Director |
23-12-08 |
23-12-08 |
Active |
NO |
|
4 |
U74140DL2011PTC223440 |
PRUFTECHNIK
AIMIL TECHNICAL SERVICES PRIVATE LIMITED |
Director |
09-08-11 |
09-08-11 |
Active |
NO |
|
Name : |
Mrs. Neena Verma |
|
Designation : |
Director |
|
Address : |
N-36, Greater Kailash Part I, New Delhi-110048, India |
|
Date of Birth/Age : |
09.12.1928 |
|
Date of Appointment : |
07.02.1996 |
|
DIN No.: |
00206174 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1972PLC006093 |
AIMIL
LIMITED |
Whole-time
director |
01-12-11 |
07-02-96 |
Active |
NO |
|
2 |
U29113DL2008PTC177135 |
TINIUS
OLSEN INDIA PRIVATE LIMITED |
Director |
05-09-11 |
11-06-08 |
Active |
NO |
|
Name : |
Mrs. Vaneeta Kapur |
|
Designation : |
Director |
|
Address : |
C-5/33, Safdarjung Development Area, New Delhi-110016, India |
|
Date of Birth/Age : |
20.05.1956 |
|
Date of Appointment : |
26.08.2002 |
|
DIN No.: |
00511599 |
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 |
U74899DL1993PTC052269 |
MADHU
MUSKAN LEASING AND FINANCING PRIVATE LIMITED |
Director |
20-01-93 |
20-01-93 |
14-12-11 |
Active |
NO |
|
2 |
U74899DL1972PLC006093 |
AIMIL
LIMITED |
Director |
26-08-02 |
26-08-02 |
- |
Active |
NO |
|
3 |
U85100DL2008PTC180037 |
HYGEA
HEALTHCARE PRIVATE LIMITED |
Director |
25-06-08 |
25-06-08 |
- |
Active |
NO |
|
4 |
U22212HR2010PTC040015 |
MIDAS
PRINT PACK PRIVATE LIMITED |
Director |
28-01-10 |
28-01-10 |
- |
Active |
NO |
|
5 |
U85110DL2007PTC158967 |
PANT
DIAGNOSTICS PRIVATE LIMITED |
Director |
10-11-11 |
10-11-11 |
- |
Active |
NO |
|
Name : |
Mr. Vijay Mohan Sharma |
|
Designation : |
Director |
|
Address : |
C-358, Vikas Puri, New Delhi-110018, India |
|
Date of Birth/Age : |
06.01.1939 |
|
Date of Appointment : |
06.02.2008 |
|
DIN No.: |
02057077 |
|
|
|
|
Name : |
Mr. Arjun Malhotra |
|
Designation : |
Director |
|
Address : |
143, Golf Links, New Delhi-110003, India |
|
Date of Birth/Age : |
07.01.1949 |
|
Date of Appointment : |
29.09.1997 |
|
DIN No.: |
00177397 |
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 |
U74899DL1972PLC006093 |
AIMIL
LIMITED |
Director |
29-09-97 |
29-09-97 |
- |
Active |
NO |
|
2 |
U74999DL1998PTC096526 |
HEADSTRONG
SERVICES INDIA PRIVATE LIMITED |
Director |
14-10-98 |
14-10-98 |
31-07-11 |
Active |
NO |
|
Name : |
Mr. Shashi Kiran Gulhati |
|
Designation : |
Director |
|
Address : |
140, Sunder Nagar, New Delhi-110003, India |
|
Date of Birth/Age : |
04.08.1941 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02446372 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U72900DL2000PTC108036 |
NETROPOLIS
TECHNOLOGIES PRIVATE LIMITED |
Director |
07-10-03 |
07-10-03 |
Active |
NO |
|
2 |
U74899DL1972PLC006093 |
AIMIL
LIMITED |
Additional
director |
01-10-08 |
01-10-08 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Dal Veer Singh |
|
Designation : |
Secretary |
|
Address : |
Plot No.344, Sector-21C, Faridabad-121005, Haryana, India |
|
Date of Birth/Age : |
13.08.1976 |
|
Date of Appointment : |
06.07.2006 |
|
Pan No.: |
BGIPS5482B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.08.2011
|
Names of Equity Shareholders |
No. of Shares |
|
Arvind Verma and
Neena Verma |
3153199 |
|
Neena Verma and
Arvind Verma |
483852 |
|
Madan Lal Dhawan
and Kusum Dhawan |
100 |
|
Satinder Gulati |
3067 |
|
H. C. Verma and
Sons (HUF) |
13987 |
|
Anju Uppal |
920 |
|
A. Verma HUF |
5957 |
|
Arvind Verma and
Vaneeta Kapur |
13833 |
|
Manjula Gulati
and Madhuri Gulati |
2242 |
|
Sushiela Chhabra |
133 |
|
Kusum Dhawan and
Madan Lal Dhawan |
100 |
|
Neena Verma and
Vaneeta Kapur |
25500 |
|
Vaneeta Kapur and
Deepak Kapur |
7073 |
|
Vaneeta Kapur and
Arvind Verma |
3537 |
|
Harish Verma
Foundation |
100 |
|
Tia Dhawan |
10 |
|
Arvind Verma |
1936390 |
|
TOTAL (A) |
5650000 |
|
|
|
|
Names of Preference Shareholders |
|
|
Neena Verma |
1680000 |
|
H. C. Verma and Sons
(HUF) |
120000 |
|
K. Abdul Adil |
10000 |
|
Rajan K Pillai |
10000 |
|
Sameer V Upadeo |
10000 |
|
P S Radhakrishnan
|
10000 |
|
Neena Verma |
10000 |
|
TOTAL (B) |
1850000 |
|
|
|
|
TOTAL (A) + (B) |
7500000 |
AS ON 26.04.2012
|
Names of Allottee |
No. of Shares |
|
Arvind Verma |
1000000 |
|
|
|
|
TOTAL |
1000000 |
AS ON 04.08.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
99.98 |
|
Other top fifty shareholders |
0.12 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Manufacturing of Scientific Instruments |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Material Testing and Structural Instruments of various types |
Nos. |
55460 |
3515 |
|
|
|
|
|
|
Analytical and Miscellaneous Instruments of various types |
Nos. |
1675 |
-- |
Notes:
1. Licensed capacity has not been mentioned as the industry has been
delicenced.
2. Annual Installed Capacity is as certified by the management.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, A-5,
South Extension Part-I, New Delhi-110048, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S S Kothari Mehta and Company Chartered Accountant |
|
Address : |
146-149 Tribhuvan Complex, Ishwar Nagar, |
|
Tel. No.: |
91-11-46708888 |
|
Fax No.: |
91-11-66628889 |
|
Pan No.: |
AABFS6730L |
|
|
|
|
Joint Ventures : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
TOTAL |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5650000 |
Equity Shares |
Rs.10/- each |
Rs. 56.500 Millions |
|
1850000 |
Preference Shares |
Rs.10/- each |
Rs. 18.500
Millions |
|
|
TOTAL |
|
Rs. 75.000 Millions |
AS ON 04.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
TOTAL |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6650000 |
Equity Shares |
Rs.10/- each |
Rs. 66.500
Millions |
|
1850000 |
Preference Shares |
Rs.10/- each |
Rs. 18.500
Millions |
|
|
TOTAL |
|
Rs. 85.000 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 |
75.000 |
75.000 |
67.818 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
260.286 |
203.579 |
146.787 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
335.286 |
278.579 |
214.605 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
224.735 |
78.005 |
84.211 |
|
|
2] Unsecured Loans |
106.517 |
81.275 |
69.709 |
|
|
TOTAL BORROWING |
331.252 |
159.280 |
153.920 |
|
|
DEFERRED TAX LIABILITIES |
0.858 |
1.365 |
1.858 |
|
|
|
|
|
|
|
|
TOTAL |
667.396 |
439.224 |
370.383 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
124.077 |
93.488 |
92.324 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
25.508 |
7.259 |
0.400 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
292.461
|
177.867
|
161.268 |
|
|
Sundry Debtors |
494.551
|
446.886
|
309.746 |
|
|
Cash & Bank Balances |
28.482
|
25.965
|
21.073 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
47.693
|
37.624
|
93.974 |
|
Total
Current Assets |
863.187
|
688.342 |
586.061 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
200.130
|
194.843
|
122.075 |
|
|
Other Current Liabilities |
105.415
|
101.648
|
98.046 |
|
|
Provisions |
39.831
|
53.374
|
88.281 |
|
Total
Current Liabilities |
345.376
|
349.865 |
308.402 |
|
|
Net Current Assets |
517.811
|
338.477
|
277.659 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
667.396 |
439.224 |
370.383 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1367.542 |
1100.056 |
756.436 |
|
|
|
Other Income |
102.233 |
99.799 |
234.171 |
|
|
|
TOTAL (A) |
1469.775 |
1199.855 |
990.607 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
764.742 |
579.785 |
489.535 |
|
|
|
Manufacturing Expenses |
13.895 |
11.340 |
11.948 |
|
|
|
Selling and Distribution Expenses |
226.722 |
193.877 |
43.304 |
|
|
|
Employees / Personnel Expenses |
314.208 |
277.325 |
233.277 |
|
|
|
Administrative Expenses |
0.000 |
0.000 |
127.360 |
|
|
|
TOTAL (B) |
1319.567 |
1062.327 |
905.424 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
150.208 |
137.528 |
85.183 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
33.153 |
23.150 |
22.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
117.055 |
114.378 |
62.921 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.736 |
12.095 |
12.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
104.319 |
102.283 |
50.706 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
36.042 |
36.537 |
22.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
68.277 |
65.746 |
27.720 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.574 |
2.218 |
1.230 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
55.000 |
55.000 |
25.000 |
|
|
|
Dividend |
9.955 |
8.881 |
1.480 |
|
|
|
Tax on Dividend |
1.615 |
1.509 |
0.252 |
|
|
BALANCE CARRIED
TO THE B/S |
4.281 |
2.574 |
2.218 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.135 |
3.522 |
20.140 |
|
|
|
Commission Earnings |
127.576 |
193.618 |
151.226 |
|
|
|
Other Earnings |
1.589 |
1.951 |
1.629 |
|
|
TOTAL EARNINGS |
131.300 |
199.091 |
172.995 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.999 |
0.756 |
|
|
|
Trading Goods |
NA |
405.509 |
341.405 |
|
|
TOTAL IMPORTS |
NA |
406.508 |
342.161 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.78 |
12.97 |
5.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.65
|
5.48
|
2.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.63
|
9.30
|
6.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.57
|
13.08
|
7.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.37
|
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.02
|
1.83
|
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.50
|
1.97
|
1.90 |
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. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
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 |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
PROSPECTS
The expansion and
diversification plans are being perused vigorously to ensure the long term
growth of the company. The Company's result is considered satisfactory. The
Company is planning aggressive growth strategies for domestic sales and is
confident that emphasis and consistent efforts on Quality and Service will help
the Company to achieve the desired goals. They aim to improve the quality of
their products on continuous basis while achieving sustained growth. There has
been an endeavor to cut cost without reducing the emphasis on growth and thrust
into new sector.
OPERATIONS
The Company had
another excellent year with the order intake showing an increase of 30% and the
business income by 23% as compared to the previous results. This improved
performance is a combination of successful penetration of new sectors for their
products. The company continues the policy of forging strategic alliances with
overseas companies.
FORM 8
|
Corporate
identity number of the company |
U74899DL1972PLC006093 |
|
Name of the
company |
AIMIL LIMITED |
|
Address of the
registered office or of the principal place of business in |
A 8, Mohan Co Operative Industrial Estate, |
|
This form is for |
Modification of
charge |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, A-5, South Extension Part-I,
New Delhi-110048, India |
|
Nature of
instrument creating charge |
C-2A (
Supplemental Agreement of Hypothecation of Goods & Assets for increase in
the overall Limit ) C-5 ( Letter
regarding the Grant of Individual Limits within the overall limit ). Copy of recitals |
|
Date of
instrument Creating the charge |
14.02.2012 |
|
Amount secured by
the charge |
Rs. 490.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC -Base Rate
+3.25% TL-I-Base Rate +4.75% ,TL-II and III -Base Rate +4.25% or such other rate(s) specified by the bank
from time to time interest will be
charged on monthly basis. Terms of repayment Working Capital
-On demand TL-I - will be
repaid in 36 monthly installments TL-III(Fresh) -
will be repaid in 25 monthly installments
Interest on term
loan will be charged as and when due. Margin RM-25% SIP-40% FG-30% Receivable -40% LC & BG
Rs.10% TL-I 33.88% TL-III(Fresh)-34.68% CC(DOC.Bills )
-25% Extent and operation of the charge First pari-passu
charge on entire current assets with Citi Bank First pari-passu
charge on all the co's fixed assets
with Citi Bank for their Working capital facilities of Rs. 110.000
Millions ( except those financed by
SBI on which SBI will have exclusive charge ) Other Both way full
interchangeability between LC and BG. |
|
Short particulars
of the property charged (Including location of the property) |
WC:-First
pari-passu hypothecation charge with Citi bank on entire current assets
present and future , including stocks of raw-materials , stores , spares ,
stocks in process , finished goods including goods in transit and receivables
/ book-debts both present and future. First pari-passu
charge with Citi Bank :- on all the fixed assets including following
equitable mortgage of immovable properties :- (1.)EM of
property flat situated at- 315,316, 3rd floor Swapanlok Complex S.D. Road Secundrabad
(A.P.) with area of 1723 sq. ft. (2) EM of
property flat situated at- 314 3rd floor, Swapanlok Complex S.D Road
Secundrabad (A.P.) with area of 965 sq. ft. (3) EM of office
No. 901 and 902 Gunjan Complex Alembic Growa Road Subhanpura Vadodara
(Gujarat) with area of 3400 sq. ft. (4)EM of office
situated at No. 6C and 6D on 6th floor at Shrachi Tower at Premises No.686
Anandpur ,EM by pass P.S. Kasba , Kolkata with area 3984 sq. ft. Term Loan :-(1)
Exclusive charge on co's immovable property by way of EM situated at L-19
Phase-2 Dr. Vikram Sarabhai Instronics Estate Kottivakam Village
Thiruvanmiyur, Chennai, (ii) Exclusive
charge on co's immovable property by way of EM situated at building
No.1101,1101M and 1101T BSEL Tech Park Vashi Navi Mumbai. (i)
Extension
of charge on Indl. Plot No. 8, Block-A, Mohan Co-op. Indl. Estate, Mathura
Road, New Delhi with Area 2425.5 Sq yd. for term loan sanctioned to M/s
NAIMEX EM of commercial property at No.88/1, Naimex House, outer ring road,
Nagawara, Bangalore on pari passu charge basis with Citi Bank (Title deeds
holders) Extension of
second charge on entire current assets of the company both present and future |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Mrs. Neena Verma |
|
Charge
identification number of the charge to be modified |
90040651 |
|
Particulars of
the present modification |
Credit Facilities
sanctioned to the company now enhanced To Rs.490.500 Millions as under :- CC(Stocks)
Rs.180.000 Millions, CC (Book-debts) Rs.(27.500) Millions CC (Bills)
Rs.(5.000) Millions, CC( Cheques) Rs.(5.000) Millions TL-I Rs.32.000
Millions, TL-II Rs.54.500 Millions TL-III Rs.29.000 Millions (New) LC Rs.30.000
Millions One time LC Rs.
45.000 Millions BG Rs.90.000
Millions SLC WC Rs.30.000
Millions Total Rs.490.500
Millions |
FIXED ASSETS
WEBSITE DETAILS
HISTORY
1932
To exploit the opportunities offered by the emerging markets of Asia, a British
entrepreneur set up Associated Instruments Manufacturers India (Private)
Limited (Aimil), along with companies under the AIM banner in Singapore, Burma,
Malaysia and various parts of South Asia.
1950’s
In the 50's Aimil added to its strength by investing in research and
development for indigenous production of instruments. Aimil became the first
Indian instrument manufacturer to get its R&D department recognised by the
Government of India.
1960’s
In the 60's Electronics was the buzz word. Aimil set up the first calibration
centre in India.
1970’s
In the 70's We had the vision to meet the needs of the future -- new markets in
space, atomic energy and defence technology which opened up. They, addressed
the market through fundamental analytical research instruments.
Separate marketing Company 'Aimil Sales and Agencies Private Limited' was
formed in 1973. Aimil R and D Division became first unit in India to be
accredited by the National Council of Science & Technology. Aimil Export
and Services Private Limited was also established to cater to the global
market.
1980’s
In the 80's Aimil concentrated on Quality Control instrumentation through ISO
9000 programmes and Quality Assurance tools.
1990’s
In the 90's Aimil became part of the digital revolution by addressing new
technologies such as CDMA, SDH, ISDN, Broadband Fiber Optic levels, ATM and is
now moving towards virtual instrumentation.
Took Quality to new heights by implementing ISO 9001:2000 standards. Added new
products to respond to the Quality requirements of laboratories in the
Pharmaceutical sector. In the telecom sector, Aimil moved into newer technology
areas like Gigabit Ethernet, Next Generation Networks (NGN), Triple Play,
Next Generation SDH, Voice Over IP and GPRS/3G Networks.
Group Companies merged to form Aimil Ltd. in 1996.
Beginning of New Millennium
2000
Aimil walked towards the virtual instrumentation; New Products were added and
Quality to the next level instruments.
2008
A fully modernized Production House was started at Noida to take care of
overseas needs of Civil Engineering Instruments.
2009
Entered new Segment of Hygea Health Care through through Products and Services.
2011 and Beyond
Continue to provide technical leadership in Instrumentation to their customers
through introduction of new technologies from the world leaders.
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. 55.58 |
|
|
1 |
Rs. 87.14 |
|
Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
|
Information Gathered
by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.