|
Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KABRA PLASTICS LIMITED |
|
|
|
|
Registered
Office : |
B - 729, Wing B, 7th Floor, International Trade Centre,
Majura Gate, Ring Road, Surat – 395001, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.03.1995 |
|
|
|
|
Com. Reg. No.: |
04-024946 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 67.494 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1995PLC024946 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of BOPP Film, PVC Film, Matalized Bopp, PVC
and Polyester Film of high quality and scraps. |
|
|
|
|
No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 359000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The
management has not made the financial details available in the government for
the year 2011. Mr. Gajendra, Key Executive has provided few general information and
denied to disclose any financial details to us. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B+ (Long Term Rating) |
|
Rating Explanation |
High risk of default |
|
Date |
18 October 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
18 October 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.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Gajendra |
|
Designation : |
Key Executive |
|
Contact No.: |
91-261-2475360 |
|
Date : |
26.10.2012 |
LOCATIONS
|
Registered Office : |
B - 729, Wing B, 7th Floor, International Trade Centre, Majura Gate,
Ring Road, Surat – 395001, Gujarat, India |
|
Tel. No.: |
91-261-2475360/ 1 |
|
Fax No.: |
91-261-2475363 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 5, Sr/No.57/2 (6-7), Village, Dunetha, Bhenslore, Daman –
396210, India |
|
Tel. No.: |
91-260-2262911/ 2262922 |
|
Fax No.: |
91-260-2260411/ 396210 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Amita Kabra |
|
Designation : |
Whole-time Director |
|
Address : |
A – 5/1, Somnath Society, Umra – 5, Surat – 395 007, Gujarat, India |
|
Date of Birth/Age : |
26.06.1968 |
|
Date of Appointment : |
09.03.1995 |
|
DIN No.: |
00052353 |
|
|
|
|
Name : |
Ms. Gitadevi Kabra |
|
Designation : |
Director |
|
Address : |
A / 5 / 1, Somnath Co-operative Housing Society, Old Umra Jakat Naka,
Surat – 395 007, Gujarat, India |
|
Date of Birth/Age : |
01.12.1944 |
|
Date of Appointment : |
09.03.1995 |
|
DIN No.: |
00052379 |
|
|
|
|
Name : |
Mr. Binod Kumar Kabra |
|
Designation : |
Managing Director |
|
Address : |
40/1, 1st Floor, Somnath Mahadev Co-operative Housing
Society, Surat – 395 007, Gujarat, India |
|
Date of Birth/Age : |
28.05.1967 |
|
Date of Appointment : |
09.03.1995 |
|
DIN No.: |
00052407 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Dhiren R Dave |
|
Designation : |
Company Secretary |
|
Address : |
D – 412, International Trade Center, Majura Gate Ring Road, Surat –
395 002 |
MAJOR SHAREHOLDERS
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
BinodKumar Kabra |
|
517500 |
|
Gitadevi Kabra |
|
725000 |
|
Amita Kabra |
|
712500 |
|
Kabra Synthetics Private Limited, India |
|
55000 |
|
Binodkumar Kabra – HUF |
|
465000 |
|
Nilima Kamlesh Mehta |
|
30000 |
|
Kamlesh Kailash Mehta |
|
30000 |
|
Bhagya Laxmi Commercial Private Limited, India |
|
40000 |
|
Sushil Kumar Laxmi Devi Jain |
|
15000 |
|
Mahavirprasad Munnidevi Jain |
|
10000 |
|
Naisha Mohanlal Dalal |
|
10000 |
|
Shitla Prasad Mangilal Ajmera |
|
37500 |
|
Rajendra Kumar Hanumanprasad Dhanuka |
|
10000 |
|
Girija Shankar Nagarmal Agarwal |
|
70000 |
|
Harish Fatehchand Kabra |
|
20000 |
|
Fatehchand Dulichand Kabra |
|
20000 |
|
Dipesh Binodkumar Kabra |
|
565000 |
|
Manish Mahavirprasad Jain |
|
10000 |
|
Meera Gyanchand Jain |
|
12500 |
|
Govind Prasad Hanuman Prasad Dhandhuka |
|
10000 |
|
Ashish Fatehchand Kabra |
|
20000 |
|
Master Bharatkumar HUF |
|
7500 |
|
Gyaychand Jain |
|
130000 |
|
Madhu Ganesh Chandak |
|
17500 |
|
Veenit Jamunadas Kothari |
|
15000 |
|
Menu Rameshchand Jain |
|
15000 |
|
Mansa Satish Kumar Bhotika |
|
10000 |
|
Chotelal Devisahal |
|
50000 |
|
Oasis Plastics Private Limited, India |
|
20000 |
|
Bina Premchand Arora |
|
15000 |
|
Trilok Premchand Jain |
|
30000 |
|
Mahavirprasad Kanhayalal Jain |
|
15000 |
|
Ram Ratan Biyani HUF |
|
15000 |
|
Anju Gyanchand Jain |
|
20000 |
|
Solo Tradefin and Investment Private Limited, India |
|
50000 |
|
Ranjan Gulabchand Jain |
|
10000 |
|
Alok Premchand Jain |
|
10000 |
|
Phool Chand Premchand Jain |
|
10000 |
|
Premchand Pratapmal Jain |
|
10000 |
|
New Gujarat Polyplast Private Limited |
|
598500 |
|
R P Kabra and Sons HUF |
|
402500 |
|
Boron Tradecom Private Limited, India |
|
470000 |
|
Ostrich Commodities Private Limited, India |
|
100000 |
|
Fetor Vimitrade Private Limited, India |
|
100000 |
|
Scorpio Tie Up Private Limited, India |
|
500000 |
|
Gajmukh Vinimay Private Limited, India |
|
100000 |
|
Veshnaway Vyapar Private Limited, India |
|
100000 |
|
Bholeshwar Vinitrade Private Limited, India |
|
100000 |
|
Maelstrom Vinitrade Private Limited, India |
|
150000 |
|
Fulfil Vinimay Private Limited, India |
|
200000 |
|
|
|
|
|
TOTAL |
|
6656000 |
List of Allottees (As on 23.03.2012)
|
Names of Allottees |
|
No. of Shares |
|
Simpro Vanijya Private Limited, India |
|
10400 |
|
Urmila Biyani |
|
600 |
|
Chaturbhuj Dhanraj Totla |
|
2600 |
|
Mamta Totla |
|
600 |
|
Aarti Taparia |
|
600 |
|
Subhrekha Vyapaar Private Limited, India |
|
7000 |
|
|
|
|
|
TOTAL |
|
21800 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
39.00 |
|
Directors or relatives of Directors |
29.00 |
|
Other top fifty shareholders |
32.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of BOPP Film, PVC Film, Matalized Bopp, PVC
and Polyester Film of high quality and scraps. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Gulf Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
BOPP Film |
MT |
|
2400 |
2400 |
|
Matalising Bopp |
MT |
|
7200 |
1200 |
|
PVC Film |
MT |
|
1200 |
1200 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
140 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Parsi Sheri Branch, P. B.
No.328, Khandwala Sheri, Bhagal, Surat - 395003, Gujarat, India · HDFC Bank, Surat, India ·
IDBI Bank Limited, IDBI Tower WTC Complex,
Branch Office At Ghod Dod Road, Surat - 395001, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C S Jariwala and Company Chartered Accountants |
|
Address : |
6th Floor, President Plaza, C- Block, Ring Rod,
Athwagate, Surat – 395001, Gujarat, India |
CAPITAL STRUCTURE
As on 30.03.2010
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs. 65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6256000 |
Equity Shares |
Rs.10/- each |
Rs. 62.560
Millions |
|
|
|
|
|
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6656000 |
Equity Shares |
Rs. 10/- each |
Rs. 66.560
millions |
|
|
|
|
|
After As on
30.09.2011
Authorized Capital: Rs. 150.000 millions
Issued, Subscribed & Paid-up Capital: Rs. 67.494
millions
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
62.560 |
29.860 |
29.860 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
27.300 |
21.428 |
12.639 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
89.860 |
51.288 |
42.499 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
178.644 |
124.023 |
42.902 |
|
|
2] Unsecured Loans |
1.063 |
18.478 |
23.105 |
|
|
TOTAL BORROWING |
179.707 |
142.501 |
66.007 |
|
|
DEFERRED TAX LIABILITIES |
9.015 |
8.680 |
6.524 |
|
|
|
|
|
|
|
|
TOTAL |
278.582 |
202.469 |
115.030 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
86.099 |
65.723 |
62.391 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.800 |
0.800 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.762
|
34.600 |
15.106 |
|
|
Sundry Debtors |
247.658
|
113.505 |
111.810 |
|
|
Cash & Bank Balances |
16.555
|
0.980 |
6.676 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
31.722
|
31.419 |
7.445 |
|
Total
Current Assets |
333.697
|
180.504 |
141.037 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
128.064
|
30.650 |
78.505 |
|
|
Other Current Liabilities |
13.123
|
12.400 |
8.915 |
|
|
Provisions |
2.656
|
1.508 |
0.978 |
|
Total
Current Liabilities |
143.843
|
44.558 |
88.398 |
|
|
Net Current Assets |
189.854
|
135.946 |
52.639 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.829 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
278.582 |
202.469 |
115.030 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1227.536 |
513.281 |
332.382 |
|
|
|
Other Income |
0.000 |
0.528 |
1.578 |
|
|
|
TOTAL (A) |
1227.536 |
513.809 |
333.960 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed / Purchase |
1045.144 |
454.310 |
247.015 |
|
|
|
Manufacturing and Other Expenses |
92.003 |
25.966 |
25.521 |
|
|
|
Excise Duty |
50.031 |
12.968 |
26.682 |
|
|
|
Increased / (Decreased) in Stock |
0.286 |
(14.941) |
3.908 |
|
|
|
TOTAL (B) |
1187.464 |
478.303 |
303.126 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) © |
40.072 |
35.506 |
30.834 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.633 |
15.558 |
14.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.439 |
19.948 |
15.887 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
7.348 |
6.218 |
6.183 |
|
|
|
|
|
|
|
|
|
Less |
LOSS ON SALE OF
FIXED ASSETS |
0.000 |
1.129 |
0.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.091 |
12.601 |
9.040 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.219 |
3.813 |
2.133 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
5.872 |
8.788 |
6.907 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.528 |
2.739 |
(4.167) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.400 |
11.527 |
2.740 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
103.551 |
1.977 |
0.000 |
|
|
|
Stores & Spares |
7.499 |
0.799 |
1.770 |
|
|
|
Capital Goods |
0.000 |
1.073 |
0.000 |
|
|
TOTAL IMPORTS |
111.050 |
3.849 |
1.770 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.94 |
2.94 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.49
|
1.71 |
2.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.74
|
2.45 |
2.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.17
|
5.11 |
4.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.24 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.60
|
3.64 |
3.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.32
|
4.05 |
1.59 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Creditors for Goods |
|
|
|
|
-
Due to small scale industrial undertakings |
0.218 |
0.000 |
0.070 |
|
-
Dues to others |
120.290 |
28.203 |
76.807 |
|
Creditors for Expenses |
7.556 |
2.447 |
1.628 |
|
|
|
|
|
|
TOTAL |
128.064 |
30.650 |
78.505 |
|
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 |
No |
|
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
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 |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
No |
|
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 |
NOTE:
The Registered Office of the company has been shifted from 352/B Ashwani
Kumar Road Patel Colony Surat – 395008, Gujarat, India to the present address
w.e.f.01.05.2009
CONTINGENT
LIABILITIES
Contingent Liabilities not provided in respect of:
a)
Letters of credit Rs. 60.000 millions (previous
year Rs. NIL) which are provided to creditors for goods included in balance
sheet.
b)
Guarantee given by bank Rs.
2.200 millions (previous year Rs. 1.275 millions)
c)
Financial Guarantee given
by the company for loan taken by M/s. New Gujarat Plastic, a concern in which
directors are interested, to the Bank amounting to Rs. NIL (previous year Rs.
98.970 millions)
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25209GJ1995PLC024946 |
|
Name of the
company |
KABRA PLASTICS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-729, Wing b, 7th Floor, International Trade Centre,
Majura Gate, Ring Road, Surat – 395001, Gujarat e-mail: kabraplastics@drdcs.net |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10028082 |
|
Type of charge |
Book Debts Movable Property Stock |
|
Particular of
charge holder |
Bank of Baroda, Parsi Sheri Branch, P. B. No.328, Khandwala Sheri, Bhagal, Surat - 395003, Gujarat, India e-mail: parsis@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
composite agreement of hypothecation of goods, book - debts, movable
machinery and vehicles |
|
Date of
instrument Creating the charge |
21.08.2012 |
|
Amount secured by
the charge |
Rs. 580.600
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC I and II and TL
IV and Fresh Adhoc C.C: 6.25% over BR i.e. 17.00% p.a. at present with
monthly rest TL III: 6.75%
over BR i.e. 17.50% p.a. at present with monthly rest Terms of Repayment CC: On Demand T/L-III: 25 Quarterly
Installments of Rs. 0.770 Millions each and Last 26th Installment being Rs.
0.750 Millions. T/L-IV: 25
Quarterly Installments of Rs. 4.400 Millions each and Last 26th Installment
being Rs. 3.400 Millions. Interest is to be
serviced as and when debtited. 1st Installment
will commence 18 months after 1st date of disbursement or 6 months after
commencement of commercial production, whichever is earlier. Margin CC I and II
(Hypo. Stocks and Book Debts) and Adhoc C.C.:
25 % on Stocks 30 % on Book Debts (up to 120 days) 25% on Machinery T/L-III (Fresh):
34 % T/L-IV (Fresh):
40 % on Second Hand and 25% on New Machines Bank Guarantee
(Performance/Financial) Review: 15 % in the form of FDR Import Letter of
Credit in DP Term (Fresh) :15 % in the form of Cash Margin. One time FLC on
DP basis of USD 12,84,400/- (Sub Limit of Term Loan-IV): 40 % in the form of
FDR Extent and Operation of the charge First and
exclusive charge on the assets of the Company |
|
Short particulars
of the property charged |
Hypothecation of
Stock of Raw Material, Stock In Process, Finished Goods and Consumable, Book
Debts, Plant and Machinery both
present and future situated at plot Survey No. 57/3 (7-A), 57/2 (6-7) and
57/2 (8), Vill: Dunetha (Bhenslor), Daman (UT). |
|
Date of latest
modification prior to the present modification |
13.12.2011 |
|
Particulars of
the present modification |
Charge created is
now extended to secure Fresh Adhoc C.C Limit of Rs. 25.000 Millions, making Total
Charge on the assets to Rs. 580.600 Millions as stated below: T.L- III Rs. 20.000 Millions (Existing) T.L.-IV Rs. 113.400 Millions (Existing) CC I Rs. 290.000 Millions (Daman Unit)
CC II Rs. 90.000 Millions (Surat Unit) Import L/C Rs.
40.000 Millions (Existing) B/G (R) Rs. 2.200 Millions (Existing) Adhoc C.C Rs.
25.000 Millions (Fresh) Total Rs. 580.600 Millions |
FIXED ASSETS
·
Plant and Machinery
·
Factory Building
·
Land
·
Furniture and Fixtures
·
Vehicle
·
Computer
·
Machine Tools
·
Generator
·
Air Conditioners
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.53.63 |
|
|
1 |
Rs.86.18 |
|
Euro |
1 |
Rs.69.75 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
NO |
|
--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 |
|
31 |
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.