1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PEE EMPRO
EXPORTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Mohinder Singh Uppal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prit Mohinder Singh Uppal |
|
|
|
Registration # |
55-010555 |
|
Street Address |
504/85, Skyline House, Nehru Place, New Delhi – 110019, India |
||
|
Established Date |
18.06.1980 |
SIC Code |
-- |
|
Telephone# |
91-11-23559070/ 26413249 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-23675377/ 26461853 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Woven Garments |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.12,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
The
Karur Vysya Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
32 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
India
|
Creative Dying and Printing Mills
Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
389,039,000 |
Current Liabilities |
278,615,000 |
|
Inventories |
62,586,000 |
Long-term Liabilities |
52,948,000
|
|
Fixed Assets |
148,831,000 |
Other Liabilities |
13,992,000 |
|
Deferred Assets |
1,885,000 |
Total Liabilities |
345,555,000 |
|
Invest& other Assets |
12,404,000 |
Retained Earnings |
52,948,000 |
|
|
|
Net Worth |
269,190,000 |
|
Total Assets |
614,745,000 |
Total Liab. & Equity |
614,745,000 |
|
Total Assets (Previous Year) |
531,024,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Turnover |
1,196,500,000 |
Net Profit |
NA |
|
Turnover (Previous yr) |
1,021,200,000 |
Net Profit(Prev.yr) |
44,199,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
PEE EMPRO EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
504/85, Skyline House, Nehru Place, New Delhi - 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.06.1980 |
|
|
|
|
Com. Reg. No.: |
55-010555 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1980PTC010555 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP09700F/ DELP08723B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP3293P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Woven
Garments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1070000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the PEP group. It is a well established company
having satisfactory track. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be usually correct and as per commitments. 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 |
CRISIL |
|
Rating |
A2 (Export Packing Credit) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
29.04.2011 |
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.
LOCATIONS
|
Registered Office : |
504/85, Skyline House, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-23559070/ 26413249 |
|
Fax No.: |
91-11-23675377/ 26461853 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 78/27A, Main Mathura Road, Faridabad – 121003, Haryana,
India |
|
Tel. No.: |
91-129-4284500 |
|
Fax No.: |
91-129-4080191 |
|
|
|
|
Factory 2 : |
12/2, Main Mathura Road, Near Sector-37, Faridabad – 121003, Haryana,
India |
|
Tel. No.: |
91-129-4135315/ 318 |
|
Fax No.: |
91-129-2259498 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Mohinder Singh Uppal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
22, Feroze Gandhi Road, Lajpat Nagar - III, New Delhi – 110024, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.03.1930 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.1981 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00253242 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prit Mohinder Singh Uppal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
22, Feroze Gandhi Road, Lajpat Nagar - III, New Delhi –
110024, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.01.1958 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.06.1980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00253279 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Perminder Singh Uppal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Southern Avenue, Maharani Bagh, New Delhi, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.03.1956 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.06.1980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00253329 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mohinder Singh Uppal |
|
28960 |
|
Prit Mohinder Singh Uppal |
|
35920 |
|
Perminder Singh Uppal |
|
35920 |
|
Mohinder Singh Uppal HUF |
|
1440 |
|
Surinder Uppal |
|
17760 |
|
|
|
|
|
Total |
|
120000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Woven
Garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· The Karur Vysya Bank Limited, Central Processing Cell (Loans), 65/7, 1st Floor, New Rohtak Road, New Delhi - 110005, Delhi, India · The Karur Vysya Bank Limited, East Park Road, Karol Bagh, New Delhi - 110005, Delhi, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishan K Gupta and Company Chartered Accountants |
|
Address : |
1/3, 10196, Jhandewalan Devi Mandir Lane, New Delhi - 110055, India |
|
Tel. No.: |
91-11-23678214/ 23520387/ 23559070 |
|
Fax No.: |
91-11-23675377 |
|
E-Mail : |
speedex3@vsnl.com |
|
PAN No.: |
AACPG6006E |
|
|
|
|
Associates : |
Creative Dying and Printing Mills Private Limited |
|
|
|
|
Subsidiary Company : |
Hemla Embroidery Mills Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.100/- each |
Rs.12.000
Millions |
|
|
|
|
|
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 |
12.000 |
12.000 |
12.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
257.190 |
216.746 |
200.627 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
269.190 |
228.746 |
212.627 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.513 |
11.384 |
71.000 |
|
|
2] Unsecured Loans |
0.435 |
0.156 |
3.787 |
|
|
TOTAL BORROWING |
52.948 |
11.540 |
74.787 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.238 |
|
|
|
|
|
|
|
|
TOTAL |
322.138 |
240.286 |
287.652 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
148.831 |
156.808 |
153.915 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
12.404 |
12.465 |
13.969 |
|
|
DEFERREX TAX ASSETS |
1.885 |
1.468 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
62.586
|
95.856 |
62.931 |
|
|
Sundry Debtors |
186.442
|
139.769 |
133.063 |
|
|
Cash & Bank Balances |
62.908
|
9.841 |
7.098 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
139.689
|
114.817 |
125.180 |
|
Total
Current Assets |
451.625
|
360.283 |
328.272 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
254.688
|
231.800 |
179.156 |
|
|
Other Current Liabilities |
23.927
|
44.898 |
29.348 |
|
|
Provisions |
13.992
|
14.040 |
0.000 |
|
Total
Current Liabilities |
292.607
|
290.738 |
208.504 |
|
|
Net Current Assets |
159.018
|
69.545 |
119.768 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
322.138 |
240.286 |
287.652 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1196.500 |
|
|
|
|
|
Other Income |
NA |
113.536 |
|
|
|
|
TOTAL |
NA |
1134.736 |
768.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
1071.376
(Including Depreciation) |
734.393
(Including Depreciation) |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) |
98.300 |
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.400 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
80.900 |
63.360 |
34.453 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
19.161 |
11.532 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
44.199 |
22.921 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1192.309 |
1014.999 |
26.786 |
|
|
TOTAL EARNINGS |
1192.309 |
1014.999 |
26.786 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
368.32 |
191.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
3.90 |
2.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.47 |
12.25 |
7.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.28 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.28 |
1.32 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.24 |
1.57 |
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% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULT:
The turnover for the year is Rs. 1196.500 Millions as against Rs. 1021.200 Millions in the immediate preceding year. There is a considerable increase in the turnover, as well net profit of the company, despite of overall slump in the export market. Despite of cut-throat competition in the market, as it has been captured by neighboring countries, the business of the company is on an increasing trend
Note:
The Registered Office of the company has been shifted from G-6 Vaikunth
82-83 Nehru Place, New Delhi, India
to the present address w.e.f. 15.11.2007
CONTINGENT
LIABILITIES:
In respect of provision of gratuity and leave pay, the company has continued to account for the same in the year of payment, which is not in accordance with requirement of mandatory "AS-15 (Accounting for Retirement Benefits in the Financial Statements of Employers) issued by ICAI. The amount of gratuity payable as on March 31, 2011, as calculated and estimated by the management comes to Rs.4.120 Millions (P.Y. 3.670 Millions) and has not been provided for in the books of account. The Liability on account of leave encashment since has not been ascertained not provided for in the accounts.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U74899DL1980PTC010555 |
|
Name of the
company |
PEE EMPRO EXPORTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
504/85, Skyline House, Nehru Place, New Delhi – 110019, India E-mail: speedex3@vsnl.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10208372 |
|
Type of charge |
·
Immovable
property ·
Others
(Corporate Guarantee) |
|
Particular of
charge holder |
The Karur Vysya Bank Limited, Central Processing Cell (Loans), 65/7, 1st Floor, New Rohtak Road, New Delhi - 110005, Delhi, India E-mail: delhiclpc@kvbmail.com |
|
Nature of
instrument creating charge |
Deed of Corporate
Guarantee dated 06.08.2012 for Rs. 54.500 Millions and Letter evidencing extension of
equitable mortgage dated 06.08.2012 |
|
Date of
instrument Creating the charge |
06.08.2012 |
|
Amount secured by
the charge |
Rs.121.170
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As applicable to
various credit facilities aggregating to Rs. 121.170 Millions including fresh
limit of Rs. 54.500 Millions now granted to Hemla Embroidery Mills Private Limited Terms of
Repayment As applicable to
various credit facilities aggregating to Rs. 121.170 Millions including fresh
limit of Rs. 54.500 Millions now granted to Hemla Embroidery Mills Private
Limited Margin As applicable to
various credit facilities aggregating to Rs. 121.170 Millions including fresh
limit of Rs. 54.500 Millions now granted to Hemla Embroidery Mills Private
Limited Extent and
Operation of the charge The equitable
mortgage of immovable properties of the Company situated at 12/2, Mathura
Road, Khasra No. 1614,1615 and 1616, Village Anangpur, Tehsil Ballabhgarh,
District Faridabad, Haryana and Corporate Guarantee is to guarantee payment
of all sums due to the Bank under various credit facilities aggregating to
Rs. 121.170 Millions including fresh limit of Rs. 54.500 Millions now granted
to Hemla Embroidery Mills Private Limited Others To guarantee
payment of all sums due to the bank under various credit facilities
aggregating to Rs. 121.170 Millions including fresh limit of Rs. 54.500
Millions now granted to Hemla Embroidery Mills Private Limited together with
all interests, costs, charges, expenses, commission etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
a)Equitable
mortgage of Freehold Industrial land and building at 12/2, Mathura Road,
Khasra No.1614, 1615 and 1616, Village Anangpur, Tehsil Ballabhgarh, District Faridabad, Haryana
admeasuring 500 sq yds. b)Corporate
Guarantee of the Company. |
|
Date of instrument
modifying the charge |
30.07.2010 |
|
Particulars of
the present modification |
The equitable
mortgage of immovable properties of the Company situated at 12/2, Mathura
Road, Khasra No. 1614,1615 and 1616, Village Anangpur, Tehsil Ballabhgarh, District
Faridabad, Haryana and Corporate Guarantee of the Company stands enhanced
from Rs. 66.670 Millions to Rs. 121.170 Millions |
FIXED ASSETS:
· Air conditioners
· Air Cooler
· Automobiles
· Boiler
· Building Factory 12/2
· Building Factory 78/27
· Building Factory F-2/6
· Camera and Mobile Phone
· Computer
· Electric Installation
· Eletrostate Machine
· Factory Land 12/2 Fbd.
· Factory Land 78/27-A Fbd.
· Factory Land 2/6 Okhla
· Fax Machine
· Fire Fitting Equipment
· Furniture and Fixture
· Generators
· Intercom Installation
· Inventor
· Lift
· Office Flat
· Plant and Machinery
· Plant and Machinery (Import)
· Showroom at AEPC GGN
· Showroom at Saket
· Television
· Time Punching Machine
· Timer Watch Import
· Tube Well
· Water Cooler and Fan
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.88.85 |
|
Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.