|
Report Date : |
05.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
POLYRUB EXTRUSIONS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 77, Mistry Industrial Complex, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-156873 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 39.970 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25110MH2005PTC156873 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP21218B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP7071L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers
and Exporters of industrial rubber hoses like fuel hoses, vacuum and canister
hoses water hoses |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 760000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Polyrub Extrusions ( It is well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
CRISIL BBB – Long Term Rating |
|
Rating Explanation |
This rating are considered to have moderate
degree of safety regarding timely servicing of financial obligation such
instruments carry moderate credit risk. |
|
Date |
August 27, 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
|
Name : |
Ms. Jayshree |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-41620000 |
|
Date : |
04.09.2012 |
LOCATIONS
|
Registered Office : |
Unit No. 77, Mistry Industrial Complex, |
|
Tel. No.: |
91-22-26870360 / 28300360 / 28321769 / 28366494 / 6441 /
26870441 / 26871769 / 26872696 / 26870330 |
|
Fax No.: |
91-22-28367339 / 26870339 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory 1 : |
Plot No. W-102 D, MIDC, Thane Belapur, Khairane, Navi Mumbai – 400705,
|
|
Tel. No.: |
91-22-65163530 / 65163531 / 55903530 / 55903531 / 55901770 / 71 |
|
Fax No.: |
91-22-55903532 / 27616687 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Gat No. 389, Plot No. C-43, Chakan-Talegaon Road, Pune – 410501,
Maharashtra, India |
|
|
|
|
Factories : |
SUJAN INDUSTRIES 16, 17 / 77, Mistry Industrial Complex, MIDC Cross Road A, Andheri (E), Mumbai-400 093, Maharashtra, India Tel 91-22-2687 0441, 91-22-2687 1769 Fax : 91-22-2687 0339 E-mail:
sujan@bom3.vsnl.net.in
Plat No. W- 129 A, MIDC Thane Belapur Road, Khairne, Navi-Mumbai-400 705, Maharashtra, India Tel: 91-22-5590 3530, 91-22-5590 3531, 91-22-5590 1770/71 Fax : 91-22-5590 3532 E-mail
: polyrub@mantraonline.com E-mail
: polyrub@vsnl.net
Building No. 1, Agarwal Udyog Nagar Waliv, Vasai Road'(E), District Thane - 401 208, Maharashtra, India Tel: 91- 0250-454 365, 91- 0250-454 520 Fax: 91- 0250-454 519 E-mail
: mega_rubber@vsnl.com
Unit no. 5, Waliv, Vasai Road(E), District Thane-401 208, Maharashtra, India Tel: 91- 0250-454 365, 91- 0250-454 520 Fax: 91- 0250-454 519 E-mail
: mega_rubber@vsnl.com
3, Mistry Industrial Complex, MIDC Cross Road A, Andheri
(E), Mumbai-400 093, Maharashtra, India Tel : 91-22-2687 0360 Fax: 91-22-2687 0339 E-Mail
: sujan@bom3.vsnl.net.in
89, Mistry Industrial Complex,M.I.D.C, Cross Road , "A", Andheri(E), Mumbai – 400093, Maharashtra, India Tel : 91-22-2687 0360 Fax : 91-22-2687 0339 E-Mail
: sujan@bom3.vsnl.net.in |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Tulsi Rewachand Sujan |
|
Designation : |
Director |
|
Address : |
401/ 402, Gulshan, Junction of Ahinsa Marg, and Khar Danda Road,
Mumbai - 400 052, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1949 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01561095 |
|
|
|
|
Name : |
Mr. Jaiprakash Khanchand Vasdani |
|
Designation : |
Director |
|
Address : |
703-C, Ganga Estate, Behind Atur Park, Chembur, Mumbai - 400 071,
Maharashtra, India |
|
Date of Birth/Age : |
12.04.1955 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01424172 |
|
|
|
|
Name : |
Mrs. Padma Harish Sujan |
|
Designation : |
Director |
|
Address : |
B 4/6, Basant Park, Mahul Road, Chembur, Mumbai - 400 071,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1949 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01560907 |
|
|
|
|
Name : |
Mrs. Sheetal Neelkumar Sujan |
|
Designation : |
Director |
|
Address : |
802/902, Ruchita Tower, Juhu Versova Link Road, Andheri (West), Mumbai
- 400 053, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1960 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
02420986 |
|
|
|
|
Name : |
Mrs. Kanchan Ghansham Sujan |
|
Designation : |
Director |
|
Address : |
901, Buena Vista, St. Alexius Road, Bandra (West), Mumbai - 400 050,
Maharashtra, India |
|
Date of Birth/Age : |
02.07.1961 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
02420987 |
|
|
|
|
Name : |
Mrs. Satvinderkaur Vijay Sujan |
|
Designation : |
Director |
|
Address : |
302, Kripa Nidhi, Plot No. 27, JVPD Scheme , Gulmohur Cross Road 4,
Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1974 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
02420992 |
|
|
|
|
Name : |
Mr. Ashok Sujan Rewachand |
|
Designation : |
Director |
|
Address : |
1701, Green Acre, Plot 325, Lokhandwala Complex, Andheri West, Mumbai
400 058, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1950 |
|
Date of Appointment : |
19.10.2005 |
|
DIN No.: |
01424203 |
|
|
|
|
Name : |
Mr. Ghansham Rewachand Sujan |
|
Designation : |
Director |
|
Address : |
901, Buena Vista, St. Alexius Road, Bandra (West), Mumbai - 400 050,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1954 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
02420985 |
KEY EXECUTIVES
|
Name : |
Ms. Jayshree |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Tulsi Rewachand Sujan |
|
142142 |
|
Jai Prakash Vasdani |
|
142143 |
|
Ashok Rewachand Sujan |
|
142143 |
|
Padma Harish Sujan |
|
142143 |
|
Kanchan R. Sujan |
|
142143 |
|
Sheetal Neel Sujan |
|
142143 |
|
Satvinder V. Sujan |
|
142143 |
|
Total |
|
995000 |
As on 30.11.2011
|
Names of Allottees |
|
No. of Shares |
|
Tulsi Rewachand Sujan |
|
215000 |
|
Jai Prakash Vasdani |
|
215000 |
|
Ashok Rewachand Sujan |
|
215000 |
|
Padma Harish Sujan |
|
215000 |
|
Kanchan R. Sujan |
|
215000 |
|
Sheetal Neel Sujan |
|
215000 |
|
Satvinder V. Sujan |
|
215000 |
|
Total |
|
1505000 |
AS ON 31.01.2012
|
Names of Allottees |
|
No. of Shares |
|
Tulsi Rewachand Sujan |
|
213858 |
|
Jai Prakash Vasdani |
|
213857 |
|
Ashok Rewachand Sujan |
|
213857 |
|
Padma Harish Sujan |
|
213857 |
|
Kanchan R. Sujan |
|
213857 |
|
Sheetal Neel Sujan |
|
213857 |
|
Satvinder V. Sujan |
|
213857 |
|
Total |
|
1497000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Exporters of industrial rubber hoses like fuel hoses, vacuum and canister
hoses water hoses |
|
|
|
|
Products : |
Ø Fuel Hoses Ø Vacuum /
Cannister / Breather Hoses Ø Radiator /
Heator / Coolant Hoses Ø Oil Hoses |
|
|
|
|
Exports : |
|
|
Products : |
Ø Fuel hoses, Ø Vacuum Ø Canister hoses water hoses |
|
Countries : |
European and Asian Countries |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit 30 Days to 60 Days |
|
|
|
|
Purchasing : |
Cash and Credit 30 Days to 60 Days |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Citibank N.A.,
Citibusiness, Citibank Centre, 2nd Floor, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India Ø Standard
Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39, G Block,
Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Ø Standard Chartered
Bank, SME Credit, 23-25, M G Road, Fort, Mumbai – 400 001, Maharashtra, India
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rohira Mehta and Associates Chartered Accountants |
|
Address : |
B-202, 2nd Floor, Grand Bella Vista, Near Jari Mari Temple,
S.V. Road, Bandra West, Mumbai – 400050, Maharashtra, India |
|
Tel. No.: |
91-22-42084500 |
|
Fax No.: |
91-22-42084501 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR0198H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,997,000 |
Equity Share |
Rs.10/- each |
Rs. 39.970
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
|
I EQUITY AND
LIABILITIES |
|
|
|
a] Share Capital |
39.970 |
9.950 |
|
b] Reserves & Surplus |
150.926 |
116.022 |
|
c] Money received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
2] Share
application money pending allotment |
0.000 |
0.000 |
|
|
|
|
|
3] Non-Current Liabilities |
|
|
|
a] Long term borrowings |
236.856 |
206.286 |
|
b] Deferred tax liabilities |
11.449 |
9.869 |
|
c] Other long terms liabilities |
7.050 |
4.070 |
|
d] Long-term provision |
0.490 |
0.215 |
|
|
|
|
|
4] Current Liabilities |
|
|
|
a] Short-term borrowings |
189.010 |
129.642 |
|
b] Trade Payables |
181.619 |
175.308 |
|
c] Other current liabilities |
61.830 |
41.599 |
|
d] Short-term provision |
10.921 |
4.015 |
|
|
|
|
|
TOTAL |
890.121 |
696.976 |
|
|
|
|
|
II ASSETS |
|
|
|
|
|
|
|
1] Non-Current Assets |
|
|
|
a] Fixed Assets |
|
|
|
i] Tangible assets |
363.776 |
339.381 |
|
ii] Intangible assets |
10.989 |
14.973 |
|
iii] Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
b] Long term loans and advances |
33.359 |
13.669 |
|
c] Other non-current assets |
0.337 |
14.046 |
|
|
|
|
|
2] Current Assets |
|
|
|
a] Current Investments |
|
|
|
b] Inventories |
105.991 |
92.842 |
|
c] Trade receivables |
269.961 |
165.238 |
|
d] Cash and cash equivalents |
16.737 |
7.456 |
|
e] Short-term loans and advances |
45.326 |
30.273 |
|
f] Other current assets |
43.645 |
19.098 |
|
|
|
|
|
TOTAL |
890.121 |
696.976 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.950 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
101.887 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
111.837 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
199.511 |
|
|
2] Unsecured Loans |
|
|
115.164 |
|
|
TOTAL BORROWING |
|
|
314.675 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.551 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
433.063 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
314.222 |
|
|
Capital work-in-progress |
|
|
0.609 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
46.262
|
|
|
Sundry Debtors |
|
|
120.459
|
|
|
Cash & Bank Balances |
|
|
3.652
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
46.603
|
|
Total
Current Assets |
|
|
216.976
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
75.127
|
|
|
Other Current Liabilities |
|
|
39.287
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
114.414
|
|
|
Net Current Assets |
|
|
102.562
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
15.670 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
433.063 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1026.226 |
687.162 |
464.591 |
|
|
|
Other Income |
11.795 |
8.198 |
8.273 |
|
|
|
TOTAL (A) |
1038.021 |
695.360 |
472.864 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of raw material consumed |
513.322 |
363.023 |
242.029 |
|
|
|
Purchase of traded goods |
21.024 |
16.339 |
0.000 |
|
|
|
Changes in inventories of raw material and finished goods |
(13.858) |
(6.814) |
(4.312) |
|
|
|
Employee benefit expenses |
76.967 |
61.529 |
42.623 |
|
|
|
Other Expenses |
296.400 |
174.168 |
106.802 |
|
|
|
TOTAL (B) |
893.855 |
608.245 |
387.142 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
144.166 |
87.115 |
85.722 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
46.200 |
30.850 |
29.578 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
97.966 |
56.265 |
56.144 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
51.513 |
36.214 |
32.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.453 |
20.051 |
23.497 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.213 |
5.690 |
7.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.240 |
14.361 |
16.321 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
116.022 |
101.887 |
87.078 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Previous year Tax Arrears |
N.A. |
0.226 |
1.512 |
|
|
BALANCE CARRIED
TO THE B/S |
N.A. |
116.022 |
101.887 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
N.A. |
N.A. |
73.271 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
18.51 |
14.21 |
16.40 |
|
|
|
Diluted
|
18.51 |
3.54 |
-- |
|
Expected Sales ( 2012-2013 ) : Rs. 1100.000 Millions
The above information has been parted by Ms. Jayshree (Finance
Executive)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.11 |
2.07 |
3.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.53 |
2.92 |
5.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.22 |
2.88 |
4.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.16 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.60 |
4.45 |
3.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
1.52 |
1.90 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry creditors for Goods and Expenses |
181.619 |
175.308 |
75.127 |
|
Sundry Creditors |
181.619 |
175.308 |
75.127 |
|
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 |
Yes |
|
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 |
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 |
Note: The registered
address of the company has been shifted from 90, Mistry Industrial Estate, MIDC
Cross Road 'A', Andheri East, Mumbai - 400093, Maharashtra, India to the
present w.e.f. 14.06.2007
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U25110MH2005PTC156873 |
|
Name of the
company |
POLYRUB
EXTRUSIONS (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No. 77, Mistry
Industrial Complex , Midc Cross Road A,
Andheri East, Mumbai – 400093, Maharashtra, India Email ID: polyrub@gmail.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10134583 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Standard
Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot no. C-38 & 39, G Block,
Bandra Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra, INDIA Email ID: sme.form8@sc.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry |
|
Date of
instrument Creating the charge |
22.08.2012 |
|
Amount secured by
the charge |
Rs. 254.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time. Terms of Repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and Operation of the charge The Bank is
having pari passu charge with Axis Bank on the security given by the Company. |
|
Short particulars
of the property charged |
Pari passu charge
with Axis Bank on a) all that piece
and parcel of property being industrial property located at land and bldg
along with immovable fixed assets permanently affixed to earth located at
W-102 (D), MIDC Area, Thane Belapur Road, Khairne, Navi Mumbai 400 705.
(Owned by Polyrub Extrusion (India) Private Limited b) all that piece and parcel of property being industrial property located at land and building along with immovable fixed assets permanently affixed to earth located at W-107 (B), MIDC Area, Thane Belapur Road, Khairne, Navi Mumbai 400 705. (Owned by Polyrub Extrusion (India) Private Limited) c) all that piece
and parcel of property located at land and building immovable fixed assets
permanently affixed to earth located at Gat no. 389, Village Mahalunge
Chakan, Pune together with plant and machinery. (Owned by Polyrub Extrusion
(India) Private Limited) d) all that piece
and parcel being industrial property located at Gat no. C-43, Chakan
Industrial Area, MIDC, Malunge, Talegaon, Chakan Road, Pune (Owned by Polyrub
Extrusion (India) Private Limited) e) all that piece
and parcel being industrial property located at Unit no. 4, 4th floor, of
Notan Plaza, 898, Turner Road, Bandra
West, Mumbai 400 050. (Owned by Magnum Elastomers Private Limited) |
|
Particulars of
the present modification |
The existing
charge amt of Rs. 254.000 Millions is also now secured with immovable
properties of the Company and immovable properties of Magnum Elastomers
Private Limited |
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. 55.54 |
|
|
1 |
Rs. 88.23 |
|
Euro |
1 |
Rs. 70.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.