MIRA
INFORM REPORT
|
Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL TOUCH FABLON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.12.1999 |
|
|
|
|
Com. Reg. No.: |
21-090687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.97.843 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19202WB1999PTC090687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR03058G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR5842F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of FIBC Bulk Bags. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a established and reputed company having satisfactory track
record. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
TERM LOAN : ICRA BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
December, 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
SHIRT TERM NON FUND : ICRA A4+ |
|
Rating Explanation |
Rating are considered to have minimal degree of safety regarding
timely payment of financial obligation it carry very high credit risk and
susceptible to default |
|
Date |
December, 2011 |
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 (FINANCIAL DETAILS)
|
Name : |
Mr. P. K. Agarwal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9830056631 |
|
Date : |
28.08.2012 |
LOCATIONS
|
Registered Office : |
4, |
|
Tel. No.: |
91-33-22104413/ 22421899/ 22104395/ 22104415/ 22425846 |
|
Mobile No.: |
91-9830056631 (Mr. P. K. Agarwal) |
|
Fax No.: |
91-33-22425792 |
|
E-Mail : |
vktulsyan@rediffmail.com |
|
Website : |
|
|
Area : |
3500 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Prakash Basudeo Kandoi |
|
Designation : |
Director |
|
Address : |
1/1, |
|
Date of Birth/Age : |
19.10.1960 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
02.12.1999 |
|
DIN No.: |
00589409 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U19202WB1999PTC090687 |
ROYAL
TOUCH FABLON PRIVATE LIMITED |
Director |
02/12/1999 |
02/12/1999 |
- |
Active |
NO |
|
2 |
U67120WB1972PLC028239 |
TARANAGAR
INVESTMENT COMPANY LIMITED |
Director |
22/09/2008 |
22/09/2008 |
- |
Active |
NO |
|
Name : |
Mr. Vikash Nand Kishor Kandoi |
|
Designation : |
Director |
|
Address : |
4, |
|
Date of Birth/Age : |
07.08.1977 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
22.03.2004 |
|
DIN No.: |
00589438 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209WB1994PTC061560 |
J V
POLY PLAST PVT LIMITED |
Director |
21/07/2003 |
21/07/2003 |
- |
Active |
NO |
|
2 |
U67120WB1972PLC028239 |
TARANAGAR
INVESTMENT COMPANY LIMITED |
Director |
23/09/2003 |
23/09/2003 |
- |
Active |
NO |
|
3 |
U19202WB1999PTC090687 |
ROYAL
TOUCH FABLON PRIVATE LIMITED |
Director |
22/03/2004 |
22/03/2004 |
- |
Active |
NO |
|
4 |
U74950WB1998PTC086491 |
ARMSTRONG
PACKAGINGS PRIVATE LIMITED |
Director |
01/09/2006 |
01/09/2006 |
- |
Active |
NO |
|
5 |
U24114WB1999PTC090635 |
RENUKA
SYNTHETICS PRIVATE LIMITED |
Director |
09/04/2007 |
09/04/2007 |
- |
Active |
NO |
|
6 |
U51109WB2007PTC115449 |
INDO
ASIAN COMMODITIES PRIVATE LIMITED |
Director |
01/05/2007 |
01/05/2007 |
- |
Active |
NO |
|
7 |
L15491WB1945PLC012771 |
JAY
SHREE TEA AND INDUSTRIES LIMITED |
Whole-time
director |
01/04/2012 |
29/07/2008 |
- |
Active |
NO |
|
8 |
U51909WB1988PTC043584 |
BHIRAGACHA
FINANCE COMPANY PRIVATE LIMITED |
Director |
24/10/2008 |
24/10/2008 |
- |
Active |
NO |
|
9 |
U51909WB2007PTC117976 |
SWADESHI
TRADECOM PRIVATE LIMITED |
Director |
18/02/2009 |
18/02/2009 |
- |
Active |
NO |
|
10 |
U18101WB1989PTC046564 |
VIKASH
SYNTH-O-PLAST PRIVATE LIMITED |
Director |
10/11/2009 |
10/11/2009 |
- |
Active |
NO |
|
11 |
U51109WB1982PLC034490 |
DIPLOMAT
LTD |
Director |
30/09/2010 |
30/07/2010 |
- |
Active |
NO |
|
12 |
U52390WB2010PTC143369 |
GLOSSY
VINCOM PRIVATE LIMITED |
Director |
23/12/2011 |
23/12/2011 |
- |
Active |
NO |
|
13 |
U52390WB2010PTC143444 |
DRAWBACK
VANIJYA PRIVATE LIMITED |
Director |
23/12/2011 |
23/12/2011 |
- |
Active |
NO |
|
14 |
U52100WB2010PTC143441 |
ANSH
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/12/2011 |
23/12/2011 |
- |
Active |
NO |
|
15 |
U85110WB1981PLC133226 |
SITARAM
INVESTMENT LIMITED |
Director |
23/12/2011 |
23/12/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. P. K. Agarwal |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Prakash Kandoi |
|
2245250 |
|
Vikash Kandoi |
|
1924326 |
|
Pushpa Devi Kandoi |
|
1218343 |
|
Ashok Kandoi |
|
73000 |
|
Renu Devi Kandoi |
|
1021562 |
|
J.V. Polyplast Private Limited, |
|
2187299 |
|
Vikash Synthoplast (Private)
Limited, |
|
528520 |
|
Renuka Synthetics (Private) Limited, |
|
252500 |
|
Pushpa Devi Periwal |
|
50 |
|
Armstrong Packagings (Private) Limited, |
|
333450 |
|
Total
|
|
9784300 |
List of Allottees
As on 20.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Armstrong Packagings (Private) Limited, |
|
106500 |
|
Zigma Distribution Private Limited, India |
|
18310 |
|
Total |
|
124810 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.75 |
|
Directors
or relatives of directors |
|
66.25 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of FIBC Bulk Bags. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of ·
ICICI Bank Limited ·
HDFC Bank ·
Axis Bank Limited (Lead Bank), Corporate Banking Branch
(CBB), 1, Shakespeare Sarani, AC Market, 3rd Floor, Kolkata - 700071, West
Bengal, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Swarup and Company Chartered Accountants |
|
Address : |
21, |
|
Tel. No.: |
91-33-22130054/ 22130055 |
|
E-Mail : |
|
|
PAN No.: |
ADMPG4819N |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
Total |
|
Rs.105.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9909110 |
Equity Shares |
Rs.10/- each |
Rs.99.091
Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
Total |
|
Rs.105.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9784300 |
Equity Shares |
Rs.10/- each |
Rs.97.843
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 |
97.843 |
92.228 |
92.228 |
|
|
2] Share Application Money |
0.000 |
15.000 |
0.000 |
|
|
3] Reserves & Surplus |
212.732 |
128.758 |
126.565 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
310.575 |
235.986 |
218.793 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
506.702 |
344.163 |
333.122 |
|
|
2] Unsecured Loans |
3.337 |
3.305 |
6.198 |
|
|
TOTAL BORROWING |
510.039 |
347.468 |
339.320 |
|
|
DEFERRED TAX LIABILITIES |
12.309 |
19.800 |
9.442 |
|
|
|
|
|
|
|
|
TOTAL |
832.923 |
603.254 |
567.555 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
207.478 |
147.876 |
160.588 |
|
|
Capital work-in-progress |
7.199 |
30.524 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
40.550 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
333.652
|
222.463 |
225.621 |
|
|
Sundry Debtors |
196.233
|
122.111 |
132.781 |
|
|
Cash & Bank Balances |
17.448
|
12.625 |
9.303 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
192.014
|
160.347 |
155.239 |
|
Total
Current Assets |
739.347
|
517.546 |
522.944 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
137.902
|
72.804 |
83.156 |
|
|
Other Current Liabilities |
11.119
|
9.853 |
27.758 |
|
|
Provisions |
13.620
|
11.520 |
7.060 |
|
Total
Current Liabilities |
162.641
|
94.177 |
117.974 |
|
|
Net Current Assets |
576.706
|
423.369 |
404.970 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.990 |
1.485 |
1.997 |
|
|
|
|
|
|
|
|
TOTAL |
832.923 |
603.254 |
567.555 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
|
907.335 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
NA |
1032.960 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
1011.526 |
1011.409 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
28.047 |
21.434 |
17.542 |
|
|
|
|
|
|
|
|
|
|
TAX |
(5.391) |
19.241 |
3.821 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
33.438 |
2.193 |
13.721 |
|
|
|
|
|
|
|
|
|
|
SHORT PROVISION
OF TAX OF EARLIER YEARS |
0.000 |
4.183 |
NA |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.486 |
53.293 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
88.924 |
55.486 |
53.293 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
226.804 |
105.080 |
152.800 |
|
|
TOTAL EARNINGS |
226.804 |
105.080 |
152.800 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
66.137 |
137.640 |
44.220 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.42 |
0.24 |
1.61 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
Expected Sales (2012-2013) : Rs.1100.000 Millions
The above information has been parted by Mr. P. K. Agarwal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.21 |
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.96
|
3.22 |
2.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.17
|
1.87 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.55
|
5.50 |
4.43 |
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 |
No |
|
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 |
Yes |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U19202WB1999PTC090687 |
|
Name of the company |
ROYAL TOUCH FABLON PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
4, Synagogue Street, P.S. Hare Street, Kolkata – 700 001, West Bengal,
India E-mail Id : vktulsyan@rediffmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10240347 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Plant and Machinery) |
|
Particular of charge holder |
Axis Bank Limited (Lead Bank), Corporate Banking Branch (CBB), 1,
Shakespeare Sarani, AC Market, 3rd Floor, Kolkata - 700071, West Bengal,
India E-mail Id : Anirban.Dasgupta@axisbank.com
|
|
Nature of instrument creating charge |
No Instrument, Oral Assent (Memorandum of Entry) |
|
Date of instrument Creating the charge |
24/03/2011 |
|
Amount secured by the charge |
Rs.489.748 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest The details of Rate of Interest and Commission of Axis Bank Limited
and Bank of India Terms of Repayment The details of Repayment Schedule of Axis Bank Limited and Bank of
India Margin The details of Margins of Axis Bank Limited and Bank of India Extent and Operation of the charge Equitable mortgage over immovable properties of the company. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
The whole of the current assets of the borrower namely stock of RMs,
SIP, SFGs, Stores and Spares not relating to Plant and Machinery (Consumable
Stores and Spares), Bills Receivable and Book Debts and all other movables,
both present and future on pari passu first char basis among the consortium
members or about the borrowers factories, premises and godowns situated at i) Durgapur Expressway Road, Panchgarh Bazar, Begampur, Dankuni,
District Hooghly - 712306, West Bengal, ii) 326/1, T. N. Mukherjee Road, P. O. Raghunathpur, Mouza-Makhla,
Uttarpara, Hooghly-712253, WEST BENGAL, iii) 329, T. N. Mukherjee Road, P. O. Raghunathpur, Mouza-Makhla, Uttarpara,
Hooghly-712253, West Bengal iv) 533, Urla Industrial Area, Village - Achholi, P. O. Birgaon,
District Raipur, Chhattisgarh - 493221. The entire present and future fixed assets of the borrower by way of
pari passu first charge as collateral security. All that the land measuring about 18 decimals in R. S. Dag No.40, L.R.
Dag No.41 under R. S. Khatian No.1013 and 14 Decimals in R. S. Dag No.43,
L.R. Dag No.44 under R. S. Khatian No.1105 aggregating 32 Decimals under L. R. Khatian Nos.202/2, 1368/1, 212/2 at Mouza-Makhla,
J.L.No.11,Touzi No.182, P. S. Uttarpara under Holding No.329, T. N. Mukherjee
Road within the jurisdiction of the Uttarpara-Kotrang Municipality in the Dis. of Hooghly All that the land measuring about 178.861 Decimals at
Mouza-Panchghara, J.L.No.80, Touzi No.3989 Comprised in R. S. Dag Nos.3053,
3065, 3064, 3050, 3068, 3066, 3067, 3051, 3052, 3057 under R. S. Khatian Nos.589, 1015, 1025, 1782, 1783, 1784,
1034, 1032, 1025/1 and 589 in the District of Hooghly. All that piece and parcel of Plot No.533, 534, 546-A and 546-B, Total
area 99383 sq. ft. RIC Dharsiwa, Mouza Urla Industrial Area, Urla, Tah and Dist - Raipur
(C.G), North: Private Land and Plot No.547, South: CSIDC Road, East: Road
No.2, West: Village Boundary |
|
Date of instrument modifying the charge |
15.03.2011 |
|
Particulars of the present modification |
By this modification, overall limit has been realigned/ revised. Overall
limit remain unchanged at Rs.489.748 Millions, the borrower has created
additional security by way of creation of equitable mortgage over immovable
property of the company as described above. The details of bankers limits are
as under:- i) Axis Bank Limited for
Rs.246.327 Millions ii) Bank of India for
Rs.243.421 Millions |
FIXED ASSETS
- Car
- Air Condition
- Computer
- Electrical
Fitting
- Electrical
Installation
- Factory Shed
- Furniture and
Fittings
- Motor Cycle
- Office Equipments
- Plant and
Machinery
- Telephone
Equipment
- Tempo
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.55.45 |
|
|
1 |
Rs.87.98 |
|
Euro |
1 |
Rs.69.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.