1. Summary Information
|
|
|
Country |
|
|
Company Name |
Kings
Electronics Private Limited |
Principal Name 1 |
|
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Dilip Vasumal Jashnani |
|
|
|
Registration # |
11-117996 |
|
Street Address |
Shop No. 5, |
||
|
Established Date |
25.01.1999 |
SIC Code |
-- |
|
Telephone# |
91-22-27451150 / 27451150 / 27459812 /
27453856 |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Consumer Durable Electronic and Electrical Goods |
|
# of employees |
150 Approximately |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors (88.00%) Other top fifty shareholders
(12.00%) |
Banking |
Abhyudaya Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
153,833,000 |
Current Liabilities |
164,952,000 |
|
Inventories |
136,899,000 |
Long-term Liabilities |
154,606,000 |
|
Fixed Assets |
42,568,000 |
Other Liabilities |
4,211,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
323,769,000 |
|
Invest& other Assets |
6,982,000 |
Retained Earnings |
14,013,000 |
|
|
|
Net Worth |
16,513,000 |
|
Total Assets |
340,282,000 |
Total Liab. &
Equity |
340,282,000 |
|
Total Assets (Previous Year) |
271,109,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,091,447,000 |
Net Profit |
3,829,000 |
|
Sales(Previous yr) |
828,066,000 |
Net Profit(Prev.yr) |
2,502,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KINGS ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.01.1999 |
|
|
|
|
Com. Reg. No.: |
11-117996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395MH1999PTC117996 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11102A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK2351C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Consumer Durable Electronic and Electrical Goods |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 66000 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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 |
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 : |
Shop No. 5, |
|
Tel. No.: |
91-22-27451150 / 27451150
/ 27459812 / 27453856 |
|
Mobile No.: |
91-8108103262 (Mr. Pramod Jadhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Corporate Office: |
156 Durga
Prashad, MCC Housing Society, Panvel, Navi Mumbai – 410 206, |
|
|
|
|
Branch Office : |
11, Raje Complex (Basement)
M.C.C Housing Society, Panvel, Navi Mumbai - 410 206, Maharashtra, India. |
|
Tel. No.: |
91-22-27457930 |
|
|
|
|
Shop : |
1/5, Nimkar
Building M.C.C Housing Society, Panvel, Navi Mumbai - 410 206, Maharashtra, India. |
|
Tel. No.: |
91-22-27451150 |
DIRECTORS
As on 30.09.2011
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
19.11.1953 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017688 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
26.12.1950 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017695 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
15.03.1953 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00019086 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
08.09.1964 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017706 |
|
|
|
|
Name : |
Mrs. Parmeshwari Vasumal Jashnani |
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
01.07.1932 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00019111 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
13.12.1955 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017712 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Plot-45, Jashnani
Bhavan, Panvel – 410 203, |
|
Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
25.01.1999 |
|
DIN No. : |
00017728 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Jashnani Vasumal Ashok |
20000 |
|
Jashnani Vasumal Dilip |
20000 |
|
Jashnani Ashok Hema |
20000 |
|
Jashnani Vasumal Ishwar |
20000 |
|
Jashnani Vasumal Parmeshwari |
20000 |
|
Jashnani Vasumal Prakash |
20000 |
|
Jashnani Vasumal Ramesh |
20000 |
|
Jashnani Sevoomal Vasumal |
20000 |
|
Jashnani Ishwar Priya |
15000 |
|
Jashnani Ramesh Bhawana |
15000 |
|
Jashnani Prakash Pooja |
15000 |
|
Jashnani Gurudash Dinesh |
7500 |
|
Jashnani Gurudash Manoj |
7500 |
|
Jashnani Ashok Navin |
15000 |
|
Jashnani Dinesh Vidhi |
7500 |
|
Jashnani Manoj Richa |
7500 |
|
Total |
250000 |
As on 31.03.2012
|
Names of Allottee |
No. of Shares Allotted |
|
Jashnani Vasumal Ashok |
60000 |
|
Jashnani Vasumal Dilip |
60000 |
|
Jashnani Ashok Hema |
60000 |
|
Jashnani Vasumal Ishwar |
60000 |
|
Jashnani Vasumal Parmeshwari |
60000 |
|
Jashnani Vasumal Prakash |
60000 |
|
Jashnani Vasumal Ramesh |
60000 |
|
Jashnani Sevoomal Vasumal |
60000 |
|
Jashnani Ishwar Priya |
45000 |
|
Jashnani Ramesh Bhawana |
45000 |
|
Jashnani Prakash Pooja |
45000 |
|
Jashnani Gurudash Dinesh |
22500 |
|
Jashnani Gurudash Manoj |
22500 |
|
Jashnani Ashok Navin |
45000 |
|
Jashnani Dinesh Vidhi |
22500 |
|
Jashnani Manoj Richa |
22500 |
|
Total |
750000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
88.00 |
|
Other top fifty shareholders |
12.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Consumer Durable Electronic and Electrical Goods |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Abhyudaya
Co-operative Bank Limited – Administrative Office, K. K. Tower, Abhyudaya
Bank, Lane, Off G.D Ambekar Marg, Parel Village, Mumbai – 400012,
Maharashtra, India ·
ICICI
Bank ·
ABN Amro Bank ·
Barclays Bank ·
Kotak Mahindra Bank Limited ·
Standard Chartered Bank ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amit M. Shah and Company Chartered Accountants |
|
Address : |
2, Shelar House, Behind Canara Bank, Gokhale Road, Naupada, Thane –
400602, Maharashtra, India |
|
Tel. No.: |
91-22-25391231 |
|
E-Mail : |
|
|
PAN.: |
AERPS7745F |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs.2.500 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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
14.013 |
10.185 |
7.489 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.513 |
12.685 |
9.989 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
78.755 |
27.987 |
23.152 |
|
|
2] Unsecured Loans |
75.851 |
75.678 |
45.884 |
|
|
TOTAL BORROWING |
154.606 |
103.665 |
69.036 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.209 |
|
|
|
|
|
|
|
|
TOTAL |
171.119 |
116.350 |
79.234 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.568 |
40.663 |
28.279 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.982 |
5.048 |
3.838 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
136.899
|
114.921
|
88.484
|
|
|
Sundry Debtors |
72.965
|
65.740
|
57.781
|
|
|
Cash & Bank Balances |
10.830
|
16.229
|
6.319
|
|
|
Other Current Assets |
8.823
|
7.520
|
6.942
|
|
|
Loans & Advances |
61.215
|
20.987
|
11.731
|
|
Total
Current Assets |
290.732
|
225.397
|
171.257
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
74.866
|
60.416
|
41.868
|
|
|
Other Current Liabilities |
90.086
|
89.722
|
78.524
|
|
|
Provisions |
4.211
|
4.621
|
3.858
|
|
Total
Current Liabilities |
169.163
|
154.759
|
124.250
|
|
|
Net Current Assets |
121.569
|
70.638
|
47.007
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.110 |
|
|
DECIMAL ROUNDING OFF |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
171.119 |
116.350 |
79.234 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TURNOVER |
1091.447 |
828.066 |
678.114 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.263 |
9.361 |
6.689 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.430 |
5.503 |
3.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.833 |
3.858 |
2.898 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.004 |
1.356 |
1.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.829 |
2.502 |
1.703 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.32 |
10.01 |
6.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.75
|
1.45
|
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.30
|
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
19.61
|
20.37
|
19.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.46
|
1.38 |
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 |
No |
OPERATIONS
During the year, the company has achieved a turnover of Rs.1091.447 Millions
FINANCE
The issued, subscribed and paid up capital of the company is Rs. 2.500 Millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51395MH1999PTC117996 |
|
Name of the
company |
Kings Electronics
Private Limited |
|
Address of the
registered office or of the principal place of business in |
Shop No 5 Nimkar Bldgm C H Society, Panvel Navi
Mumbai - 410206, |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10299526 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Abhyudaya
Co-operative Bank Limited, Administrative Office, K.K.Tower, Abhyudaya Bank,
Lane, Off G.D.Ambekar Marg, Parel Village, Mumbai – 400012, Maharashtra,
India |
|
Nature of
instrument creating charge |
Deed of Extension
and Additional Mortgage |
|
Date of
instrument Creating the charge |
05.07.2012 |
|
Amount secured by
the charge |
Rs.372.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest:
@ PLR +0.50% i.e. 14% p.a. (floating) or at such other rate, as may be
decided, from time to time, by the Bank. Terms of Repayment Repayment of New
Term Loan of Rs.50.000 Millions by way of 72 EMIs of Rs.1.030 Millions each. Margin As may be
decided, from time to time, by the Bank. Extent and Operation of the charge To secure the due
repayment of New Term Loan of Rs.50.000 Millions (in addition to the existing
one of Rs.322.500 Millions) together with interest, costs, charges and
expenses etc. thereon, granted by the Bank to the Company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Shops No.1 to18,
on Ground floor, totally adm. 299.39 sq.mtrs., in 'C' wing, Bldg. No.1
"Eden Garden", constructed on Final Plot No.416/1, Survey No.360,
Panvel No.1, Tal. Panvel, District Raigad. Commercial
premises No.1 to 18, on Mezzanine, 2nd floor, adm 299.39 sq.mtrs., carpet
area in 'C' wing, Bldg. No.1, "Eden Garden", on Final Plot
No.416/1, Survey No.360, Tal. Panvel, District Raigad. Flats No.301 to
304, on 3rd floor, adm. 212.54 sq. mtrs. carpet area in 'C' wing, Bldg. No.1
"Eden Garden", constructed on Final Plot No.416/1, Survey No.360,
Panvel No.1, Tal. Panvel, District Raigad. Office No.1 and
2, on 1st Floor, adm.1383 sq.fts. each, Carpet Area, in the building
"Vaidya Apartment", situated at Plot No.158, Final Plot No.204/5,
in Middle Class CHS. Ltd. Panvel, District- Raigad. Office No.1, on
1st Floor, adm.125.68 sq.mtrs. and 54.36 sq.mtrs., to 1352 sq.fts., and 585
sq.ft., in "Yash Kamal Complex", situated at Plot No.153, Plot
No.205/1, in middle CHS Limited, Panvel, District -Raigad. Shop No.3 and 4,
on Ground Floor, adm.375 sq.ft. each, Carpet Area in the building
"Vaidya Apartment", situated at Plot No.158, Final Plot No.204/5,
in middle Class CHS Limited, Panvel, District - Raigad. Shop No.5 and 6,
on Ground Floor, adm.150 and 227 sq.ft., Carpet Area in the building
"Vaidya Apartment", situated at Plot No.158, Final Plot No.204/5,
in middle Class CHS Limited, Panvel, District- Raigad. Shop No.4, on
ground Floor, adm.52.19 sq.mtrs., to 562 sq.ft., in "Yash Kamal
Complex" of Yash Kamal CHS Limited., situated at Plot No.153, Final Plot
No.205/1, in Middle Class CHS Limited, Panvel, District -Raigad Storeroom No.2,
on basement floor adm.171.74 sq. mtrs., to 1848 sq.ft., in "Yash Kamal
Complex" of Yash Kamal CHS Limited, situated at Plot No.153, Plot
No.205/1, in Middle Class CHS Limited Panvel, District -Raigad |
|
Date of
instrument modifying the charge |
09.02.2012 |
|
Particulars of
the present modification |
By this modification,
the various immovable properties, as so mortgaged, shall now also hold good
to secure additional Term Loan of Rs.50.000 Millions granted to the Company.
Hence, the aggregate amount of Term Loans, secured by mortgage, have been
enhanced from Rs.322.500 Millions to Rs.372.500 Millions. Therefore, the
overall charge now stands at Rs.372.500 Millions. |
FIXED ASSETS
·
Air conditioner
·
Amplifier
·
Calculator
·
Cash counting machine
·
Electric fittings
·
EPABX machine
·
Fax machine
·
Camera system
·
Generator
·
Invertor and battery
·
Mobile phone
·
Neon sign board
·
Safewell 20EA
·
Water purifier
·
Telephone instrument
·
Water pump
·
Scooter
·
Furniture and fittings
·
Maruti omni
·
Max pick up
·
Tata Ace
·
Computer
·
Accer laptop
·
Printer
·
Quickheal antivirus
·
Software programs
·
Windows server 2003
·
UPS
·
Bio smart
·
Gold and silver
·
God statue
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.51.62 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.