MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
WAHEGURU RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4 Princep Street, Kolkata – 700072, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.02.1991 |
|
|
|
|
Com. Reg. No.: |
050853 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.387 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24131WB1991PTC050853 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALW00871D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rubber. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 85000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Reserves
appear to be insufficient. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. 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.
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 : |
4 Princep Street, Kolkata – 700072, West Bengal, India |
|
Tel. No.: |
91-33-30930780 / 22372691 / 22379208 |
|
Fax No.: |
91-33-22152925 / 22215365 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
732/A, Delhi Road, P.O.: Belumilki, District
Hooghly - 712223, West Bengal, India |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Pawandeep Singh Soni |
|
Designation : |
Director |
|
Date of Appointment : |
18.01.2006 |
|
DIN No.: |
00450408 |
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 |
L19202WB1981PLC033731 |
SONI
RUBBER PRODUCTS LIMITED |
Director |
16/11/1993 |
16/11/1993 |
- |
Active |
NO |
|
2 |
U45201WB1988PTC043898 |
NIHARIKA
CONSTRUCTIONS PRIVATE LIMITED |
Director |
16/08/1995 |
16/08/1995 |
- |
Active |
NO |
|
3 |
U14101WB1993PTC059642 |
DECORATIVE
STONE (INDIA) PRIVATE LIMITED |
Director |
03/05/1999 |
03/05/1999 |
- |
Active |
NO |
|
4 |
U72100DL1997PTC086394 |
JJK
COMPUTECH PRIVATE LIMITED |
Director |
12/04/2001 |
12/04/2001 |
08/04/2009 |
Active |
NO |
|
5 |
U51909WB1941PTC010601 |
K
KOTHARI BROS PRIVATE LIMITED |
Director |
02/06/2003 |
02/06/2003 |
- |
Active |
NO |
|
6 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
18/01/2006 |
18/01/2006 |
- |
Active |
NO |
|
7 |
U24134WB2007PTC113314 |
SONI
ROLLERS PRIVATE LIMITED |
Director |
13/05/2011 |
12/02/2007 |
19/05/2011 |
Active |
NO |
|
8 |
U01112WB1994PTC064152 |
PUNJAB
HYDRAULICS PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
- |
Active |
NO |
|
9 |
U52110WB1997PTC083093 |
LONG
LIVE SUPPLIERS PRIVATE LIMITED |
Director |
23/05/2011 |
23/05/2011 |
- |
Active |
NO |
|
10 |
U51909WB1997PTC083072 |
BJ
TRADING PRIVATE LIMITED |
Director |
23/05/2011 |
23/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Tajinder Singh |
|
Designation : |
Whole-Time Director |
|
Date of Appointment : |
08.02.1991 |
|
DIN No.: |
00404274 |
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 |
L19202WB1981PLC033731 |
SONI
RUBBER PRODUCTS LIMITED |
Whole-time
director |
02/06/1981 |
02/06/1981 |
- |
Active |
NO |
|
2 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Whole-time
director |
08/02/1991 |
08/02/1991 |
- |
Active |
NO |
|
Name : |
Jasmine Kaur Soni |
|
Designation : |
Director |
|
Date of Appointment : |
12.02.1996 |
|
DIN No.: |
00451352 |
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 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
12/02/1996 |
12/02/1996 |
- |
Active |
NO |
|
2 |
L19202WB1981PLC033731 |
SONI
RUBBER PRODUCTS LIMITED |
Director |
03/10/1997 |
03/10/1997 |
- |
Active |
NO |
|
Name : |
Mr. Sukhdev Kaur |
|
Designation : |
Director |
|
Date of Appointment : |
08.02.1991 |
|
DIN No.: |
00465611 |
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 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
08/02/1991 |
08/02/1991 |
- |
Active |
NO |
|
2 |
U01112WB1994PTC064152 |
PUNJAB
HYDRAULICS PRIVATE LIMITED |
Director |
28/07/1994 |
28/07/1994 |
- |
Active |
NO |
|
3 |
U55101WB1997PTC085731 |
SUKHHAR
ENTERPRISES PRIVATE LIMITED |
Director |
21/10/1997 |
21/10/1997 |
- |
Active |
NO |
|
4 |
U72100DL1997PTC086394 |
JJK
COMPUTECH PRIVATE LIMITED |
Director |
03/05/2001 |
03/05/2001 |
08/04/2009 |
Active |
NO |
|
Name : |
Mr. Damneet Singh Soni |
|
Designation : |
Director |
|
Date of Appointment : |
18.01.2006 |
|
DIN No.: |
00527152 |
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 |
U52110WB1997PTC083093 |
LONG
LIVE SUPPLIERS PRIVATE LIMITED |
Director |
02/11/1998 |
02/11/1998 |
- |
Active |
NO |
|
2 |
U51909WB1997PTC083072 |
BJ
TRADING PRIVATE LIMITED |
Director |
14/12/1998 |
14/12/1998 |
- |
Active |
NO |
|
3 |
U14101WB1993PTC059642 |
DECORATIVE
STONE (INDIA) PRIVATE LIMITED |
Director |
03/05/1999 |
03/05/1999 |
- |
Active |
NO |
|
4 |
L19202WB1981PLC033731 |
SONI
RUBBER PRODUCTS LIMITED |
Director |
02/06/2003 |
02/06/2003 |
- |
Active |
NO |
|
5 |
U51909WB1941PTC010601 |
K
KOTHARI BROS PRIVATE LIMITED |
Director |
02/06/2003 |
02/06/2003 |
- |
Active |
NO |
|
6 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
18/01/2006 |
18/01/2006 |
- |
Active |
NO |
|
7 |
U24134WB2007PTC113314 |
SONI
ROLLERS PRIVATE LIMITED |
Director |
13/05/2011 |
12/02/2007 |
19/05/2011 |
Active |
NO |
|
8 |
U01112WB1994PTC064152 |
PUNJAB
HYDRAULICS PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
- |
Active |
NO |
|
Name : |
Harcharan Kaur Soni |
|
Designation : |
Director |
|
Date of Appointment : |
08.02.1991 |
|
DIN No.: |
00551612 |
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 |
U24131WB1991PTC050853 |
WAHEGURU
RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
08/02/1991 |
08/02/1991 |
- |
Active |
NO |
|
2 |
U01112WB1994PTC064152 |
PUNJAB
HYDRAULICS PRIVATE LIMITED |
Director |
28/07/1994 |
28/07/1994 |
- |
Active |
NO |
|
3 |
U55101WB1997PTC085731 |
SUKHHAR
ENTERPRISES PRIVATE LIMITED |
Director |
21/10/1997 |
21/10/1997 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
Shareholding details file attached
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Canara Bank, Princep Street Branch, 25, Princep
Street, Kolkata - 700072, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. C. Khandelwal
and Company Chartered Accountants |
|
Address : |
10, Clive Row, 5th Floor, Kolkata – 700001,
West Bengal, India |
|
Tel. No.: |
Office : 91-33-22429421 / 9369 / 32008219 Residential : 91-33-24804152 / 24524183 |
|
Telefax No.: |
91-33-22429369 |
|
PAN No.: |
AAEFK6131C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1938720 |
Equity Shares |
Rs.10/- each |
Rs.19.387
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 |
19.387 |
19.387 |
19.387 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.834 |
2.880 |
2.417 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.221 |
22.267 |
21.804 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.848 |
0.665 |
1.086 |
|
|
2] Unsecured Loans |
10.296 |
6.269 |
2.439 |
|
|
TOTAL BORROWING |
11.144 |
6.934 |
3.525 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.365 |
29.201 |
25.329 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.360 |
16.956 |
11.381 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.586
|
6.061 |
4.913 |
|
|
Sundry Debtors |
6.275
|
5.612 |
9.716 |
|
|
Cash & Bank Balances |
0.426
|
0.205 |
0.494 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.137
|
2.852 |
1.992 |
|
Total
Current Assets |
22.424
|
14.730 |
17.115 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.553
|
1.991 |
2.675 |
|
|
Other Current Liabilities |
0.396
|
0.198 |
0.207 |
|
|
Provisions |
0.492
|
0.329 |
0.329 |
|
Total
Current Liabilities |
4.441
|
2.518 |
3.211 |
|
|
Net Current Assets |
17.983
|
12.212 |
13.904 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.022 |
0.033 |
0.044 |
|
|
|
|
|
|
|
|
TOTAL |
32.365 |
29.201 |
25.329 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
41.266 |
38.494 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
46.286 |
40.115 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.464 |
0.570 |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
0.000 |
0.618 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
0.464 |
(0.048) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share |
NA |
0.23 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.46 |
2.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.02 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.73
|
0.42 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.05
|
5.85 |
5.33 |
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 |
No |
|
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 |
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% |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24131WB1991PTC050853 |
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|
Name of the company |
WAHEGURU RUBBER MANUFACTURING COMPANY PRIVATE LIMITED |
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Address of the registered office or of the principal place of business in India of the company |
4 Princep Street, Kolkata
– 700072, West Bengal, India E-mail id : sonical@vsnl.com |
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This form is for |
Modification of charge |
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Charge identification (ID) number of the charge to be modified |
90255073 |
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Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others (Personal Guarantee and other fixed assets.) |
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Particular of charge holder |
Canara Bank, Princep
Street Branch, 25, Princep Street, Kolkata – 700072, West Bengal, India E-mail Id : vaskardas@rediffmail.com |
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Nature of instrument creating charge |
1) Sanction letter dated 02/02/2012 covering overall credit limit of Rs 16.000 Millions. 2) Supplemental Common Hypothecation dated 03/02/2012 covering overall
credit limit of Rs 16.000 Millions. |
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Date of instrument Creating the charge |
03/02/2012 |
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Amount secured by the charge |
Rs.16.000 Millions |
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Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest OCC/ODBD-12.25% p.a (Base Rate + 1.50%)
subject to change as per RBI guidelines. Terms of Repayment Working capital limit repayable on demand. Margin OCC/ODBD - 25% on stocks and 40% on Book Debts Bank Guarantee - 25% Extent and Operation of the charge Prime Security 1) Hypothecation of entire stock, WIP, waste, store and spares, semi finished
and finished goods and entire book debts both present and future. Collateral Security 1) Extension of EMT of immovable property more specifically described
at point no 15 of this form. 2) Hypothecation of Plant and Machinery and other fixed assets. Others Personal guarantee. |
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Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First charge on entire stock, WIP, waste, store and spares, semi
finished and finished goods and entire book debts both present and future
located at borrowers factory, godwon, premises or
anywhere else. EMT of Property - Factory land and building at 732A, Delhi Road, NH
No. 2, P.O. Balumilki, Via - Sheoraphuli,
District- Hoogly in the name of subject. First charge on entire Plant and Machinery and other fixed assets
located at borrowers factory, godwon, premises or
anywhere else. |
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Date of instrument modifying the charge |
28/03/2008 |
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Particulars of the present modification |
By this present modification overall limit secured is increased to Rs. 16.000 Millions. The revised credit facilities is given below :
All other terms and conditions remains unchanged |
FIXED ASSETS:
·
Land
·
Air Conditioner
·
Computer
·
Dies (Mendrill)
·
Electrical Installation
·
Electric Motor and Pump
·
Factory Shed
·
Fire Freight Equipments
·
Furniture and Fixtures
·
Generator
·
Laboratory Equipments
·
Loose Tools
·
Machinery Equipments
·
Motor Cycle
·
Mould
·
Office Equipments
·
Plant and Machinery
·
Transformer
·
Weighing Machine
·
Fan
·
Motor and Pump
AS PER WEBSITE DETAILS:
HISTORY:
Subject was established keeping in mind the
ever-expanding demand for good quality rubber. With a vision to consolidate the
rubber industries in the sub-continent WRM is committed to attain a world
standard rubber quality.
WRM with an ISO 9001:2000 and IS ISO 9001:2000
certification and almost three decades of rich experience in rubber and allied
products produce high quality rubber molded and rubber to metal bonded items,
rubber hoses, rubber sheets and much more.
n efficient research and development unit is
led by a team of highly skilled rubber technologists. And to assist them WRM has a modernized fully
equipped laboratory with equipments such
as Monsanto Rheometer,
Universal testing machine, surface testing machine, abrasion testing machine,
ageing oven, tensile testing machine, Muffle furnace, Lab curing press etc.
Using state of the art machinery and the
latest in technology, like Automatic strip building machine, Auto cross head
system, etc. the company has been serving the nation in many sectors like the Defense
and the Ministry of Railways. WRM has also had excellent professional
relationships with TELCO, TISCO, Jindal, Bokaro steel, Orissa Polyfibres Ltd., Supreme paper mills, etc.
Quality control is their specialty, they take
care that every aspect of their production line is excellent and hence their
raw materials come from the best available in the world, like Nippon, Denka, Dupont, ICI, Carbon etc.
PROFILE:
Subject established in the year 1991 always
aims to produce good quality rubber products. Its factory is located 30Kms away
from the Calcutta Airport, and is well connected by road. With a work force of
250 people including workers, staff and technologists, the plant is spread over
10000 sq meters with a sheltered area of 5000 sq meters and has a turnover of
more than 18 crores. It also has a registered head
office at Princep Street in Kolkata.
With high-tech machines and revolutionary
technology, WRM gives quality products that comprise rubber moulded,
metal bonded, hose and hose assembly, calendaring products etc. With technical
support from Excel Polymers of UK TSE Inc. of USA, the company has a
manufacturing capacity of up to 7500 mm in length and 1450 mm in diameter.
Riding on the success of an ISO 9002
certification, WRM is seeking to explore the global market apart from the
exports of rubber polymer products to many Asian countries. Back home, it also
meets the growing demands of different nature of fenders of Ports and Harbours. With emphasis on high order RandD,
manned by experts and professionals, WRM is presently serving The Indian
Railways, Defence, power plants, steel plants,
automotive sector, coal and mining sectors, Marine Sector Etc. Respected names
like TELCO, TISCO, Bokaro steel, Delta fabric Ltd., B.S.Industrial etc adorn its client list.
All Waheguru
products conform to International Engineering Standards and Certifications
gained from ISI, JIS, ASTM, BS, ISO etc. Major Engineering Organizations like
RDSO, Defence and other companies have approved their
products. Their state of the art lab comes with the latest equipments for
testing and conforming the quality standards.
Constant adherence to quality check have
helped Waheguru products to gain the respect and
confidence of the Indian Government, to the extent that it has achieved
excellence in the field of development and supply of Submarine Battery Liners
(an import substitution) to the Indian Navy.
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.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.