1. Summary Information
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Country |
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Company Name |
PMT MACHINES LIMITED |
Principal Name 1 |
Mr. Nitin Jayantilal Sandesara |
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Status |
Good |
Principal Name 2 |
Mr. Chetan Jayantilal Sandesara |
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|
|
Registration # |
11-012117 |
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Street Address |
Post Bag No 1102, Pimpri PF, Pune-411018, Maharashtra, India |
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Established Date |
08.09.1961 |
SIC Code |
-- |
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Telephone# |
91-20-27426219/ 27426220/ 27426222/ 27426223/ 27426224/ 27473983-4/
27472309/ 27472346 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20-27463208/ 27426235/ 27426231/ 27477023 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Automatic Lathes |
|
|
# of employees |
Not Available |
Product Name 2 |
CNC Grinding |
|
Paid up capital |
Rs.140,800,000/- |
Product Name 3 |
Turning Machines and Spares |
|
Shareholders |
Bodies corporate - 71.02 % Directors or relatives of Directors - 28.98 % |
Banking |
State Bank of
India |
|
Public Limited Corp. |
Yes |
Business Period |
51 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba
(54) |
|
Related
Company |
|||
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Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
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Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
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Assets |
Liabilities |
||
|
Current Assets |
1902,640,000 |
Current Liabilities |
601,846,000 |
|
Inventories |
2395,496,000 |
Long-term Liabilities |
4739,450,000
|
|
Fixed Assets |
3787,428,000 |
Other Liabilities |
618,803,000 |
|
Deferred Assets |
0 |
Total Liabilities |
5960,099,000 |
|
Invest& other Assets |
1291,554,000 |
Retained Earnings |
3276,219,000 |
|
|
|
Net Worth |
3417,019,000 |
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Total Assets |
9377,118,000 |
Total Liab. & Equity |
9377,118,000 |
|
Total Assets (Previous Year) |
8223,912,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
4244,464,000 |
Net Profit |
410,344,000 |
|
Sales(Previous yr) |
3947,127,000 |
Net Profit(Prev.yr) |
403,840,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
PMT MACHINES LIMITED (w.e.f. 20.05.2004) |
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Formerly Known
As : |
PMT MACHINE TOOL AUTOMATICS LIMITED |
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Registered
Office : |
Post Bag No 1102, Pimpri PF, Pune-411018, Maharashtra |
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Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.09.1961 |
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Com. Reg. No.: |
11-012117 |
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Capital
Investment / Paid-up Capital : |
Rs.140.800 millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U28932MH1961PLC012117 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP00463B |
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PAN No.: [Permanent Account No.] |
AAACP4680L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Automatic Lathes, CNC Grinding and Turning
Machines and Spares. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 13660000 |
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
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Comments : |
Subject is an established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
CARE |
|
Rating |
A2 (Short term) |
|
Rating Explanation |
Strong degree of safety it carry low credit risk |
|
Date |
13.07.2011 |
|
Rating Agency Name |
CARE |
|
Rating |
BBB+ (Long term) |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk |
|
Date |
13.07.2011 |
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 : |
Post Bag No. 1102 Pimpri PF, Pune-411018, Maharashtra, India |
|
Tel. No.: |
91-20-27426219/ 27426220/ 27426222/ 27426223/ 27426224/ 27473983-4/
27472309/ 27472346 |
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Fax No.: |
91-20-27463208/ 27426235/ 27426231/ 27477023 |
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E-Mail : |
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Website : |
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Head Office/ Factory 1 : |
Behind |
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Tel. No.: |
91-20-27426219-24 |
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Fax No.: |
91-20-27426235/ 31 |
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E-Mail : |
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Factory 2: |
178, Kadachala P.O. Vitoj, Taluka Halol, Panchmahal-389350, |
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Tel. No.: |
91-2676-246786/ 87 |
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Fax No.: |
91-2676-246788 |
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E-Mail : |
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Warehouse/ Factory 3 : |
Gat No.624, Hissa 4 E, 6 and 8, Village Kurali, Pune Nasik Road, Taluka Khed, District Pune, Maharashtra, India |
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Branch Office : |
Located At: · Mumbai · Delhi · Bangalore · Chennai · Coimbatore · Jamshedpur · Kolkata · Vadodara · Thane |
DIRECTORS
As on 30.06.2011
|
Name : |
Mr. Nitin Jayantilal Sandesara |
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Designation : |
Director |
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Address : |
329, Sandesara House,
Jawahar Nagar, Goregaon (West), Mumbai, 400062, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
19.03.1960 |
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Date of Appointment : |
25.10.1994 |
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DIN No.: |
00255496 |
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Other Directorship:
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Name : |
Mr. Chetan Jayantilal Sandesara |
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Designation : |
Director |
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Address : |
329, Sandesara House,
Jawahar Nagar, Goregaon (West), Mumbai-400062, Maharashtra, India |
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Date of Birth/Age : |
25.09.1962 |
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Date of Appointment : |
17.02.1995 |
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DIN No.: |
00255671 |
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Other Directorship:
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Name : |
Mr. Rajbhushan Omprakash Dixit |
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Designation : |
Director |
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Address : |
204/12,Jawahar Nagar, Goregaon
(West), Mumbai, 400062, Maharashtra, India |
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Date of Birth/Age : |
20.07.1961 |
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Date of Appointment : |
25.10.1994 |
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DIN No.: |
00025484 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Krushnakant Ramchandra Patel |
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Designation : |
Secretary |
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Address : |
9, Aadarsh Colony,
Opposite Krishna Cinema, Sidhanath Road, Baroda-390001, Gujarat, India |
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Date of Birth/Age : |
30.01.1969 |
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Date of Appointment : |
01.10.2006 |
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PAN No.: |
ALVPP4874F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2011
|
Names of Shareholders |
|
No. of Shares |
|
Chetan
J. Sandesara |
|
1023600 |
|
Nitin
J. Sandesara |
|
2125600 |
|
Narendrabhai
B. Patel |
|
130160 |
|
Jayshreeben
Patel |
|
204000 |
|
Hitesh
Patel |
|
200800 |
|
Mayuri
H. Patel |
|
251840 |
|
Dipti
C. Sandesara |
|
84000 |
|
Trupti
N. Patel |
|
60000 |
|
Gabriel
Investments Private Limited |
|
320000 |
|
Jangpriya
Investments Private Limited, India |
|
320000 |
|
Panoramic
Investments Private Limited, India |
|
480000 |
|
Richmond
Investments Private Limited, India |
|
320000 |
|
Blue-Mark
Mercantile Private Limited, India |
|
640000 |
|
Puja
Aqua Farms Private Limited, India |
|
640000 |
|
Helicopter
Services Private Limited, India |
|
220000 |
|
Avon
Bone Products Limited, India |
|
560000 |
|
Bally
Trading Private Limited, India |
|
400000 |
|
Britney
Trading Private Limited, India |
|
400000 |
|
Dipraj
Trading Private Limited, India |
|
400000 |
|
Doral
Trading Private Limited, India |
|
400000 |
|
Embio
Trading Private Limited, India |
|
400000 |
|
Gatsby
Trading Private Limited, India |
|
400000 |
|
Eminence
Trading Private Limited, India |
|
760000 |
|
Newport
Enterprises Limited, India |
|
560000 |
|
Reshma
Enterprises Private Limited, India |
|
340000 |
|
Sarovar
Trading Private Limited, India |
|
340000 |
|
Shreeji
Drug Pharma Private Limited, India |
|
340000 |
|
Turin
Trading Private Limited, India |
|
340000 |
|
Unique
Proteins Private Limited, India |
|
400000 |
|
Lotus
Glycol Limited |
|
560000 |
|
Raj
Bones Limited |
|
460000 |
|
Total |
|
14080000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.06.2011
|
Category |
Percentage |
|
Bodies corporate |
71.02 |
|
Directors or relatives of Directors |
28.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automatic Lathes, CNC Grinding and Turning
Machines and Spares. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Actual Production |
1699 in Nos. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Srei Infrastructure Finance Limited, Vishwakarma,
86C, Topsia Road (South), Kolkata-700046, India ·
State Bank of India, Mid-corporate Group Industrial Finance
Branch, Marble Arch, Race Cource Circle, Vadodara-390007, Gujarat, India ·
Sicom Limited, Solitaire Corporate Park, Building
No.4, Guru, Hargovindji Road, Andheri (East), Mumbai-400093, Maharashtra,
India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.S. Hathi and Company Chartered Accountants |
|
Address : |
Plot No. 110/05, Jawahar Nagar, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
|
PAN No.: |
AABFH8825R |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14080000 |
Equity Shares |
Rs.10/- each |
Rs.140.800 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 |
140.800 |
140.800 |
140.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3276.219 |
2865.875 |
2462.035 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3417.019 |
3006.675 |
2602.835 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3933.533 |
3645.879 |
3520.720 |
|
|
2] Unsecured Loans |
805.917 |
500.000 |
500.056 |
|
|
TOTAL BORROWING |
4739.450 |
4145.879 |
4020.776 |
|
|
DEFERRED TAX LIABILITIES |
618.803 |
542.803 |
446.396 |
|
|
|
|
|
|
|
|
TOTAL |
8775.272 |
7695.357 |
7070.007 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3787.428 |
3487.953 |
3258.296 |
|
|
Capital work-in-progress |
1146.274 |
586.371 |
651.696 |
|
|
|
|
|
|
|
|
INVESTMENT |
145.280 |
41.573 |
22.900 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2395.496
|
2140.129 |
2045.619 |
|
|
Sundry Debtors |
786.159
|
844.171 |
671.974 |
|
|
Cash & Bank Balances |
425.402
|
474.321 |
749.412 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
691.079
|
649.394 |
234.217 |
|
Total
Current Assets |
4298.136
|
4108.015 |
3701.222 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
408.900
|
351.800 |
420.812 |
|
|
Other Current Liabilities |
71.846
|
74.255 |
77.295 |
|
|
Provisions |
121.100
|
102.500 |
66.000 |
|
Total
Current Liabilities |
601.846
|
528.555 |
564.107 |
|
|
Net Current Assets |
3696.290
|
3579.460 |
3137.115 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8775.272 |
7695.357 |
7070.007 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4244.464 |
3947.127 |
3664.242 |
|
|
|
Other Income |
25.519 |
29.234 |
26.335 |
|
|
|
TOTAL (A) |
4269.983 |
3976.361 |
3690.577 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
2246.742 |
|
2651.373 |
|
|
|
Manufacturing service costs |
180.050 |
142.107 |
|
|
|
|
Employee related expenses |
276.425 |
243.895 |
|
|
|
|
Administrative selling other expenses |
334.736 |
300.536 |
|
|
|
|
TOTAL (B) |
3037.953 |
2881.160 |
2651.373 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1232.030 |
1095.201 |
1039.204 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
304.602 |
273.481 |
260.992 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
927.428 |
821.720 |
778.212 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
235.457 |
218.973 |
194.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
691.971 |
602.747 |
584.042 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
281.627 |
198.907 |
198.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
410.344 |
403.840 |
385.526 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2060.822 |
1656.982 |
1271.456 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2471.166 |
2060.822 |
1656.982 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
320.245 |
229.268 |
296.453 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Components and Accessories |
488.482 |
487.611 |
621.524 |
|
|
|
Capital Goods |
68.756 |
55.801 |
85.327 |
|
|
TOTAL IMPORTS |
557.238 |
543.412 |
706.851 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.15 |
28.68 |
32.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
9.61
|
10.16 |
10.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.30
|
15.27 |
15.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.56
|
7.94 |
8.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.20 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.56
|
1.55 |
1.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.14
|
7.77 |
6.56 |
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 |
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 |
OPERATIONS:
During
the year, the company has achieved total sales of Rs.4244.464 Millions as
against Rs.3947.127 Millions in the previous year, an increase by 7.5 per cent.
Gross profit during the year is Rs.1232.030 Millions as compared to Rs.1095.201
Millions in the previous year. Profit after tax for the year is Rs.410.344
Millions as compared to Rs.403.840 Millions in 2009-10, an increase by 1.6 per
cent. Despite tremendous competition and persisting economic slowdown at the
domestic as well as at global level, the company has been able to enhance the
business and increase the profitability as compared to last year. Given the
current scenario, the company is confident of maintaining its growth by
sustained focus on quality, latest technology, product innovation, foray into
precision components business considering the latest market demand and
competent management of resources.
YEAR IN RETROSPECT:
The company's foray
into manufacturing of Job work related to precision engineering components has
been very successful. The facilities set up by the company are world class and
a number of large customers have approved the facility, which has resulted in
increased business opportunity for the company.
FUTURE PROSPECTS:
The Company has
equipped itself to leverage opportunities presented due to the Capital Goods
Industry, Automobile and Infrastructure Projects, which were performing well.
The Company's strength is high designing and engineering capability with low
labor cost. The Company has witnessed higher demand from all fronts, domestic
as well as from overseas. The order book position of the Company as compared to
the previous year has been encouraging and your Directors are sure that the
future prospects of the Company are bright.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28932MH1961PLC012117 |
|
Name of the
company |
PMT MACHINES
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Post Bag No. 1102 Pimpri PF, Pune-411018, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable
property Any
interest in immovable property |
|
Particular of
charge holder |
Srei Infrastructure Finance Limited, Vishwakarma, 86C, Topsia Road
(South), Kolkata-700046, India Email: spatodia@srei.com |
|
Nature of
instrument creating charge |
Declaration and
Letter of deposit of title deeds, both dated 25th May 2012 |
|
Date of
instrument Creating the charge |
25.05.2012 |
|
Amount secured by
the charge |
Rs.1500.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest At 14.80% (SREI
Benchmark Rate-2.70%), Interest Rate will be fully floating and linked to
SREI Benchmark Rate. Terms of
Repayment Principal
repayment (in equal monthly installments) such that the cumulative repayment
is as below: Year % of the facility amount repaid Year I 0% Year II 15% Year III 25% Year IV 30% Year V 30% Extent and
Operation of the charge As per attached
Declaration and Letter of deposit of title deeds, both dated 25th May, 2012 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All that land
measuring about 26.79 Acres or 108455 Sq. Mtrs. situated Kadachala, Taluka-
Halol, District- Panchmahal together with all structure thereon and anything
attached or permanently fastened to the
earth thereon, and all rights to use common areas and facilities and
incidentals attached thereto together with all present and future saleable
and/ or constructed areas, trees, fences hedges, ditches,
ways, sewers, drains, waters, watercourses, liberties, privileges, easements
and appurtenances whatsoever to the said lands, hereditaments or premises or
and part thereof whether presently in
existence or in the future belonging to or in anyway appurtenant thereto or usually
held, occupied or enjoyed therewith or expected to belong or be appurtenant
thereto and all the estate, absolute right,
title, interest, property, claim and demand whatsoever of the company into
and upon the same and comprised. |
FIXED ASSETS:
v
Land
v
Building
v
Plant
and Machinery
v
Jigs
and Fixtures
v
Vehicles
v
Workshop
Equipments
v
Computer
Accessories
v
Patterns
v
Electrical
Fittings
v
Office
Equipments
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 proceedingsfor violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.53 |
|
|
1 |
Rs.86.82 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.