|
Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA SHREE EXCLUSIVE FAB PRIVATE LIMITED |
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|
|
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Registered
Office : |
404, 3rd Floor, Astha Textile Tower, Near Adinath Market,
Ring Road, Surat - 395002, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.01.2011 |
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Com. Reg. No.: |
04-063473 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.750
Million |
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|
|
CIN No.: [Company Identification
No.] |
U17120GJ2011PTC063473 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA04884F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Textile Products and all other Fabrics
Products. |
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|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 18300 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Mr. Akhilesh Tiwari, the director has claimed that the subject was
established as a proprietory concern during 2003 by the name ’Aditya Shree
Exclusive Fabrics’ and during January, 2011 it got converted into a private
limited company. It has moderate track. Even though the company has recorded a
tremendous growth in its sale turnover during 2012, the profitability appears
to be low. However, trade relations are reported as fair. Business is active.
Payment term are slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
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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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Akhilesh Tiwari |
|
Designation : |
Director |
|
Contact No.: |
91-9913362304 |
|
Date : |
07.11.2012 |
LOCATIONS
|
Registered Office/ Warehouse : |
404, 3rd Floor, Astha Textile Tower, Near Adinath Market,
Ring Road, Surat - 395002, Gujarat,
India |
|
Tel. No.: |
91-261-3255880 |
|
Mobile No.: |
91-9913362304 (Mr. Akhilesh Tiwari) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Area : |
9000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Akhilesh Tiwari |
|
Designation : |
Director |
|
Address : |
80-81, Keshav Nagar, Chorpasia 13, Godadara, Tal Choryasi, Surat –
394211, Gujarat, India |
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Date of Birth/Age : |
03.09.1985 |
|
Date of Appointment : |
03.01.2011 |
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DIN No.: |
03330291 |
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|
|
|
Name : |
Mrs. Archana Tiwari |
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Designation : |
Director |
|
Address : |
512, Adinath Textile Market, Begumwadi, Ring Road, Surat – 395002,
Gujarat, India |
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Date of Birth/Age : |
10.05.1987 |
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Date of Appointment : |
03.01.2011 |
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DIN No.: |
03333458 |
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|
|
|
Name : |
Mr. Anurudh Tiwari |
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Designation : |
Director |
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Address : |
80, Keshav Nagar Society, Godadara Gam, Near Super Cinema, Surat –
395010, Gujarat, India |
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Date of Birth/Age : |
20.05.1990 |
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Date of Appointment : |
09.03.2011 |
|
DIN No.: |
03428301 |
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|
|
|
Name : |
Mr. Amit Kumar Tiwari |
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Designation : |
Director |
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Address : |
81, Keshav Nagar Society, Godadara Gam, Near Super Cinema, Surat –
395010, Gujarat, India |
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Date of Birth/Age : |
28.04.1990 |
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Date of Appointment : |
09.03.2011 |
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DIN No.: |
03434711 |
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|
|
|
Name : |
Mrs. Roli Amit Tiwari |
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Designation : |
Director |
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Address : |
80, Keshav Nagar Society, Godadara Gam, Near Super Cinema, Surat –
395010, Gujarat, India |
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Date of Birth/Age : |
18.02.1984 |
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Date of Appointment : |
01.01.2012 |
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DIN No.: |
05240441 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Akhilesh Tiwari |
|
6000 |
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Amit Kumar Tiwari |
|
15000 |
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Anurudh Tiwari |
|
12000 |
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Archana Tiwari |
|
10500 |
|
Omprakash Tiwari |
|
8500 |
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Priti Pande |
|
5500 |
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Roli Amit Tiwari |
|
7500 |
|
Suman Devi |
|
10000 |
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Total |
|
75000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Textile Products and all other Fabrics
Products. |
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Products : |
· Dyed Net Fabrics · Dyed Dull Net Nylon · Dyed Simmer Net Nylon · Polyester Blend Fabric · Silk Blend Fabric · Silk Polyester Blend Fabric · Dyed Dull Net Poly By Poly · Dyed Simmer Net Poly By Poly · Dyed C/N Net Two Tone · Print Net Over Prints · Print Net Padding · Padding Half Half Dyed · Padding Body Border Dyed · Padding 3d Dyed · Jacquard Items · Work Sarees, etc. |
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Terms : |
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Selling : |
Credit (90 days) |
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Purchasing : |
Credit (90 days) |
GENERAL INFORMATION
|
Suppliers : |
· Kayavlon IMpex Private Limited, Surat, Gujarat, India |
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Customers : |
Wholesalers · Khushi Saree Private Limited, Surat, Gujarat, India (Mr. Vikas) · Print Private Limkted, Surat, Gujarat, India |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
· HDFC Bank Ring Road Branch, Gujarat, India · Indian Overseas Bank 1007, 21st Century Business Centre, Near Udhana Darwaja,
Ring Road Branch, Surat – 395002, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Anup K. Agarwal and Associates Chartered Accountant |
|
Address : |
5050, Trade House, Ring Road, Surat – 395002, Gujarat, India |
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Tel No.: |
91-261-2364140/ 2362140 |
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Fax No.: |
91-261-2361140 |
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PAN No.: |
AAQFA4031P |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.10/- each |
Rs.0.750
Million |
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|
NOTE:
The company has only one class equity shares
having a par value of Rs.10 per share. Each holder of equity share is entitles
top one vote per share. The dividend. If any, proposed by the Board of
directors is subject to the approval of the shareholders. In the ensuing Annual
General Meeting.
In the event of liquidation of the company,
the distribution of the assets of the company will be in proportion to the
number of equity shares held by the shareholders.
Details of shareholders holding more than 5% share in the company.
|
Particulars |
31.03.2012 |
|
|
|
No. of Shares |
% Holding |
|
|
|
|
|
Akhilesh Tiwari |
6000 |
8.00% |
|
Amit Tiwari |
15000 |
20.00% |
|
Anurudh Tiwari |
12000 |
16.00% |
|
Archana Tiwari |
10500 |
14.00% |
|
Om Prakash Tiwari |
8500 |
11.33% |
|
Priti Pande |
5500 |
7.33% |
|
Roli Tiwari |
7500 |
10.00% |
|
Suman Devi |
10000 |
13.33% |
As per of the company, including its register
of shareholders/ members and other declarations received from shareholders regarding
beneficial interests, the above shareholding represents both legal and
beneficial ownership of shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.750 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
3.817 |
0.107 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.567 |
0.207 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.978 |
0.000 |
|
|
2] Unsecured Loans |
|
0.266 |
0.100 |
|
|
TOTAL BORROWING |
|
1.244 |
0.100 |
|
|
DEFERRED TAX LIABILITIES |
|
0.029 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.840 |
0.307 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.421 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
10.681 |
3.060 |
|
|
Sundry Debtors |
|
16.888 |
14.735 |
|
|
Cash & Bank Balances |
|
0.184 |
0.878 |
|
|
Other Current Assets |
|
0.015 |
0.020 |
|
|
Loans & Advances |
|
0.176 |
0.000 |
|
Total
Current Assets |
|
27.944 |
18.693 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
23.123 |
18.338 |
|
|
Other Current Liabilities |
|
0.151 |
0.000 |
|
|
Provisions |
|
0.251 |
0.048 |
|
Total
Current Liabilities |
|
23.525 |
18.386 |
|
|
Net Current Assets |
|
4.419 |
0.307 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.840 |
0.307 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
148.379 |
25.242 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.668 |
0.155 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.208 |
0.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.460 |
0.107 |
|
|
|
|
|
|
|
|
|
|
SURPLUS CARRIED
TO BALANCE SHEET |
|
0.304 |
0.107 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
6.13 |
-- |
|
Expected Sales (2012-13): Rs.200.000 Millions
The above information has been parted by Mr. Akhilesh.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.45 |
0.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.27 |
0.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.15 |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.42 |
89.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.19 |
1.12 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
PERFORMANCE REVIEW:
The company in this year continues to perform
very well by enhancing the business vertically with its existing customers and
adding on new customers to its customer list. Sale increased from Rs.25.242
Millions in 2010-11 to Rs.148.379 Million in 2011-12 showing a growth of 488%
in turnover.
The directors are optimistic that the
company’s strategy to increase it market hares as well as to maintain cost
control measured on an ongoing basis will provide better financial results in
future.
CHALLENGES
In the liberalized economic environment, the
company faces challenges from domestic and international competitors in the
market place. However, it is expected that the improved business and globally
competitive cost positions will enable the company to improve the operating
margins and successfully compete in the markets.
TRADE REFERENCE:
· Khushi Saree Private Limited, Surat, Gujarat, India (Mr. Vikas)
· Print Private Limkted, Surat, Gujarat, India
· Kayavlon IMpex Private Limited, Surat, Gujarat, India
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U17120GJ2011PTC063473 |
|
Name of the
company |
ADITYA SHREE
EXCLUSIVE FAB PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
404, Astha
Textile Tower, Near Adinath Market, Ring Road, Surat – 395002, Gujarat, India
|
|
Type of charge |
Book Debts Others:
Stock |
|
Particular of charge
holder |
· Indian Overseas Bank 1007, 21st Century Business Centre, Near Udhana Darwaja,
Ring Road Branch, Surat – 395002, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation, Credit Sanction Letter. |
|
Date of
instrument Creating the charge |
24/08/2012 |
|
Amount secured by
the charge |
Rs.5.000 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Cash Credit Limit
Base Rate+3.75% i.e. 14.25%p.a. Terms of
Repayment At the end of 12
months Or Date of
revalidation of Sanction Margin Stock-25% and Book
Debts-50% Extent and
Operation of the charge Stocks and Book
Debts upto 90 days |
|
Short particulars
of the property charged |
Stocks (Aditya
Shree Exclusive Fab Private Limited Office Shop No
404, Ashtha Textile Market, Near Adinath Market, Ring Road, Surat.) Book Debts
(Aditya Shree Exclusive Fab Private Limited Office Shop No 404, Ashtha
Textile Market, Near. Adinath Market, Ring Road, Surat.) EM over
residential House No 16, Khodiyar Nagar-1, Opposite Maharshi Vidya Mandir,
Godadara, Tal: Choryansi, Surat. |
|
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 registered |
Mr. Akhilesh
Tiwari and Mrs. Archna Tiwari. (Directors of the
company) |
FIXED ASSETS:
· Air Conditioner
· Computers
· Furniture and Fixture
· Machinery
· Mobile
· Motor Car
· Motor Cycle
· Weight Kanta
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 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.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLP |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.