MIRA
INFORM REPORT
|
Report Date : |
06.11.2012 |
- Summary Information
|
|
|
Country |
|
|
Company Name |
Nakoda Machinery
Private Limited |
Principal Name 1 |
Mr. Kamlesh Kanwarlal Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jitendra Kanwarlal Jain |
|
|
|
Registration # |
25-019071 |
|
Street Address |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra, India |
||
|
Established Date |
31.03.2004 |
SIC Code |
-- |
|
Telephone# |
91-241-2353366/241 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-241-2341452 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Rock Drilling Tools |
|
|
# of employees |
56 (Approximately)
|
Product Name 2 |
-- |
|
Paid up capital |
Rs.5,466,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or Relatives of Directors – 100% |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
- Summary Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
146,516,000 |
Current Liabilities |
47,323,000 |
|
Inventories |
80,072,000 |
Long-term Liabilities |
135,088,000 |
|
Fixed Assets |
32,295,000 |
Other Liabilities |
6,255,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
188,666,000 |
|
Invest& other Assets |
53,656,000 |
Retained Earnings |
118,407,000 |
|
|
|
Net Worth |
123,873,000 |
|
Total Assets |
312,539,000 |
Total Liab. & Equity |
312,539,000 |
|
Total Assets (Previous Year) |
265,054,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
415,814,000 |
Net Profit |
20,127,000 |
|
Sales(Previous yr) |
339,337,000 |
Net Profit(Prev.yr) |
3,478,000 |
IDENTIFICATION DETAILS
|
Name : |
NAKODA MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.03.2004 |
|
|
|
|
Com. Reg. No.: |
25-019071 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.466 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29259PN2004PTC019071 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN9055E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporter of Rock Drilling Tools such as Crawler
Drill, DTH Hammers, Rock Breaking Tools, Tunneling Tools, Hydraulic Rock
Breaker Tools, Button Bits, Carbide Wear Parts etc. |
|
|
|
|
No. of Employees
: |
Around 56 (38 Office, 18 Factory) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 490000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1A |
|
Rating Explanation |
Highest Performance Capability and High
Financial Strength. |
|
Date |
20.07.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra, India |
|
Tel. No.: |
91-241-2353366/ 241/ 2327770/ 2417410 |
|
Mobile No.: |
91-9422222355 (Mr. Jinesh) 91-9422222388 (Mr. Kamlesh. K. Jain) |
|
Fax No.: |
91-241-2341452 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq.fts |
|
Location : |
Owned |
|
|
|
|
Head Office : |
139, Patil Plaza, Saras Baug, Pune – 411 009, Maharashtra, India |
|
Tel No.: |
91-20-24224333 |
|
|
|
|
Corporate Office : |
51, Sant Ramdas HSG Society, Santnagar, Off Satara Road, Pune –
411009, Maharashtra, India |
|
Tel. No.: |
91-20-24224333/24231202 |
|
Fax No.: |
91-20-24224333/2422333 |
|
E-Mail : |
|
|
Area : |
2500sq.fts |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Plot D – 34, MIDC, Ahmednagar – 414 111, Maharashtra, India |
|
Tel. No.: |
91-241-2417412 |
|
Fax No.: |
91-241-2417412 |
|
Area : |
25000sq.fts |
|
Location : |
Owned |
|
|
|
|
Factory : |
Drill Division D-87, MIDC Industrial Area, Ahmednagar – 414 111, |
|
Tel. No.: |
91-241-2777148 |
|
|
|
|
Branch Office : |
·
No.99, 42nd Cross, 8th
Block, Jayanagar, Tel No.: 91-80-22441726 Email : blr@irt.co.in ·
C-403, Swapana Sagar, C H Tel No.: 91-22-25918279 ·
11 Koshi Shoping Complex, Seven Hills, Tel No.: 91-240-2350595 ·
No.462, |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kamlesh Kanwarlal Jain |
|
||||||||||||||||||||||||||||
|
Designation : |
Director |
|
||||||||||||||||||||||||||||
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
||||||||||||||||||||||||||||
|
Date of Birth : |
01.07.1962 |
|
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Qualification : |
Graduate |
|
||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2004 |
|
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DIN No.: |
00571907 |
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Other Directorship :
|
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|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Jitendra Kanwarlal Jain |
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|
Designation : |
Director |
|
||||||||||||||||||||||||||||
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.04.1969 |
|
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|
||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2004 |
|
||||||||||||||||||||||||||||
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DIN No.: |
00571943 |
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||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Kiran Kanwarlal Jain |
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Designation : |
Director |
|
||||||||||||||||||||||||||||
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.05.1971 |
|
||||||||||||||||||||||||||||
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Qualification : |
B.E. (Mech), MBA |
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Date of Appointment : |
31.03.2004 |
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DIN No.: |
00571982 |
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mrs. Rohini Kamlesh Jain |
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|
Designation : |
Director |
|
||||||||||||||||||||||||||||
|
Address : |
A – 4/5, Raj Chambers Kothala Stand, Ahmendnagar - 414001, Maharashtra, India |
|
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1965 |
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||||||||||||||||||||||||||||
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Qualification : |
Post Graduate |
|
||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2004 |
|
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|
DIN No.: |
01736127 |
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kamlesh Jain |
|
14200 |
|
Kiran Jain |
|
14200 |
|
Jitendra Jain |
|
14200 |
|
Rohini Kamlesh Jain |
|
12060 |
|
|
|
|
|
Total |
|
54660
|
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of Rock Drilling Tools such as Crawler
Drill, DTH Hammers, Rock Breaking Tools, Tunneling Tools, Hydraulic Rock
Breaker Tools, Button Bits, Carbide Wear Parts etc. |
|
|
|
|
Products : |
·
Air Compressor ·
Carbide Wear Parts ·
Construction Tools ·
Hydraulic Rock Breakers ·
Rock Breaking Equipments ·
Air Compressors Spares ·
Chipping Hammers ·
Crawler Drill ·
Jack Hammers ·
Rock Drilling Equipments ·
Button Bits ·
Concrete Breakers ·
Crawler Drill Spares ·
Marble Beck Gammon |
|
|
|
|
Brand Name : |
INDUS |
GENERAL INFORMATION
|
No. of Employees : |
Around 56 (38 Office, 18 Factory) (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
·
Axis Bank Limited, Credit Management Centre, 214/214, City Mall, 2nd Floor, Plot
No. 1 S. No. 132, GaneshKhind, Pune – 411007, Maharashtra, India ·
State Bank of Bikaner and Jaipur, 82/2A, Gaj Laxmi Society, Shakar Nagar 1, Opposite Shinde High School,
Pune - 411009, Maharashtra, India ·
Bank
of ·
HDFC
Bank Limited ·
Axis Bank Limited, 1262/B Sterling Plaza Ground Floor, Jangli Maharaj Road, Deccan
Gymkhana, Pune – 411 004, Maharashtra, India |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.S. Barmecha and Company Chartered Accountants |
|
Address : |
201/B, Mutha Chambers, Market Yard Road, Ahmednagar – 414001,
Maharashtra, India |
|
Tel. No.: |
91-241-2417522 |
|
PAN No.: |
AEHPB8677D |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54660 |
Equity Shares (including 29745 equity shares issued as bonus shares) |
Rs.100/-
each |
Rs.5.466
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 |
5.466 |
5.466 |
5.466 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
118.407 |
98.008 |
94.592 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
123.873 |
103.474 |
100.058 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
92.709 |
58.059 |
26.653 |
|
|
2] Unsecured Loans |
42.379 |
46.301 |
34.275 |
|
|
TOTAL BORROWING |
135.088 |
104.360 |
60.928 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
258.961 |
207.834 |
160.986 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.295 |
79.761 |
54.311 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
53.656 |
25.530 |
29.905 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
80.072 |
61.386 |
49.972 |
|
|
Sundry Debtors |
114.617 |
79.248 |
38.671 |
|
|
Cash & Bank Balances |
18.916 |
11.616 |
14.397 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
12.983 |
7.513 |
11.678 |
|
Total
Current Assets |
226.588 |
159.763 |
114.718 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
45.899
|
24.151
|
|
|
Current Liabilities |
47.323 |
6.763 |
11.673 |
|
|
Provisions |
6.255 |
4.558 |
2.124 |
|
Total
Current Liabilities |
53.578 |
57.220 |
37.948 |
|
|
Net Current Assets |
173.010 |
102.543 |
76.770 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
258.961 |
207.834 |
160.986 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
415.814 |
339.337 |
237.850 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
415.814 |
339.337 |
237.850 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
334.504 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
386.181 |
334.504 |
203.496 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.633 |
4.833 |
34.354 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.506 |
1.355 |
10.581 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.127 |
3.478 |
23.773 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO B/S |
20.127 |
3.478 |
23.773 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
133.642 |
100.195 |
93.387 |
|
|
TOTAL IMPORTS |
133.642 |
100.195 |
93.387 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
368.22 |
63.63 |
434.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.84
|
1.02
|
9.99
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.45
|
2.02
|
20.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.05
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.52
|
1.56
|
0.99
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.23
|
2.79
|
3.02
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATING REVIEW
The Directors are confident that the Company will continue to maintain
its good quality of product and Directors are optimistic for a bright future of
the Company.
CONTINGENT LIABILITIES NOT ACKNOWLEDGED AS DEBTS
Bank Guarantees – Rs.0.228 Million
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29259PN2004PTC019071 |
|
Name of the
company |
NAKODA MACHINERY
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Raj Chambers,
Kotta Stand, Ahmednagar – 414001, Maharashtra, India Email : kamlesh@irt.co.in |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10203850 |
|
Type of charge |
Immovable property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Axis Bank Limited, Credit Management Centre, 214/214, City Mall, 2nd Floor,
Ganesh Khind (Pune University) Road, Pune – 411007, Maharashtra, India Email : niranjan.sonawane@axisbank.com
|
|
Nature of
instrument creating charge |
1) Supplementary cum
Link Document for Re schedulement of Limit dated 24th February,
2012 2) Bank Letter (Both the
documents executed for a single modification) |
|
Date of
instrument Creating the charge |
24.02.2012 |
|
Amount secured by
the charge |
Rs.172.500
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest As per Agreement
with the Bank Terms of
repayment As per Agreement
with the Bank Margin As per Agreement
with the Bank Extent and operation
of the charge Details of
Facilities (Rs. in Millions): CC 10.000, TL I 25.000, TL II 10.000, TL III
30.000, TL IV 30.000, Letter of Credit (Inland/Import) 57.500, LC
(Inland/Import) INterchangability from CC to LC (10.000), Buyer's Credit/BG
for Buyer's Credit (Sub limit of LC limit) (50.000), LER(sub limit of LC
Limit)(5.000) Bank Guarantee (Sub-limit of LC Limit)(10.000), Adhoc LC
10.000, Total Rs.172.500 Millions. Exclusive charge
of Axis Bank on hypothecated and mortgaged assets and charge shall continue
till full repayment of Loan |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of (A)All tangible
movable machinery, plant and machinery, fixtures, fittings, other
installation, cranes, furniture, computers and other accessories, vehicles
together with spares, tools, accessories, and all other articles (B) Whole of
Movable Goods and assets, both present and future, all stocks of raw
material, work in process, semi-finished goods, finished goods, packing
materials, consumable stores and spares (C)All the
present and future book debts, outstanding monies, receivables, claims,
bills, contracts, engagements and securities Mortgage of immovable properties
of Company - Property A - All that piece and parcel of the property bearing Plot No.D-87 in
Ahmednagar Industrial Area of MIDC within the Village Limits Nagapur and
outside the limits of Municipal Corporation Taluka and Dist. Ahmednagar
containing by adm.9117 Sq.Mtrs. or thereabouts alongwith factory building and
other structures constructed/to be constructed thereon and the said
Plot. Property B - In
Tirupur Regn.Dist., Palladam Sub-Regn. Dist., Tirupur Taluk, Kattur Village,S.F.No.367
adm.8.655 acres(Hec.3.50.5)out of which 1.20 Acres of Dry Land. In the midst
1.20 Acres(Hec.0.48.5) togetherwith pathway which enters through SF No.210N-S
Itteri and proceeds in the middle of SF No.371/1B and it continues in 371/1A
northern side end through SF No.370 Northern Portion and passes through 7
meter wide passage in SF No.369 and reaches SF No.O.367 and other Carttracks. Mortgage of
immovable property of Kamlesh Jain, Director of the Company – All that piece of
Property bearing Residential Bunglow totally adm.772 Sq.Fts. Built up area,
constructed on the Land bearing
Plot No.51 of Sant Ramdas Sahkari Grih Rachana Sanstha Maryadit, situated on
the land bearing S.No.55 and 56/1,corresponding C.T.S.No.3608, adm. about 196
Sq.Mtrs. situated at Parvati, Pune -411009,Taluka Pune City, District Pune Deposition of FDR
of Rs.100.000 Millions in the name of the Company and lien over the same. |
|
Date of
instrument modifying the charge |
29.12.2011 |
|
Particulars of the
present modification |
Buyer's Credit
Limit enhanced from existing Rs.40.000 Millions to Rs.50.000 Million as a
sublimit of LC. Other Terms and
Conditions remains the same. Total facilities
of Rs.172.500 Millions stands secured. |
FIXED ASSESTS
·
Land Development
·
MIDC Shed
·
Wind Mill
·
Plant and Machinery
·
Pattern and Dies
·
Tools and Trackles
·
Electrical Installation
·
Furniture and Fixtures
·
Inventor
·
Fax Machine
·
E.P.A.B.X.
·
Telephone and
·
Computer
·
Motor Cycle
·
Vehicle (Cars)
·
Cycle
·
Wind Mill Project
·
·
Land
·
·
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.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.