MIRA
INFORM REPORT
|
Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
JEWEL CONSUMER CARE PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
AMIGO SECURITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“SUBHAAG”, B 16, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.01.1972 |
|
|
|
|
Com. Reg. No.: |
04-006949 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.199.301 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74920GJ1972PTC006949 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB8634Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Tooth Brushes, Household Brushes, and
Household Plastic Products. |
|
|
|
|
No. of Employees
: |
445 – Approximately (20 in Office, 420 in Factory, 05 in Branch) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The reserves
appears to be low. However, trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. 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.
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.
INFORMATION DENIED
Management non Co-operative (91-265-2356798)
LOCATIONS
|
Registered Office : |
“SUBHAAG” , B 15/16, |
|
Tel. No.: |
91-265-2356798 / 2354354 / 3957256 / 3957257 / 2322322 /3257256/60 |
|
Fax No.: |
91-265-2353522 / 2322322/2322322 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2319 Sq. Mtrs |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 209 – 214, Village Luna,
Taluka Padra, District Vadodara – 391 440, |
|
Tel. No.: |
91-2662-223801/ 225101 /325426-30 |
|
Fax No.: |
91-2662-223803/223803 |
|
E-Mail : |
|
|
Area : |
33983 Sq. Mtrs |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
D 1/34 Khiranagar, S V Road, Santacruz (West), Mumbai – 480 054,
Maharashtra, India |
|
Tel. No.: |
91-22-26616837 |
|
E-Mail : |
|
|
Area : |
450 sq.fts |
|
Location : |
Rented |
DIRECTORS
As on 26.09.2011
|
Name : |
Mrs. Geeta Amit Goradia |
|
Designation : |
Managing Director |
|
Address : |
12 Kesarbaug, |
|
Date of Birth/Age : |
19.09.1953 |
|
Qualification : |
B. Com (Hons), L.L.B, M.A. (Hons) |
|
Date of Appointment : |
01.12.2007 |
|
Voter ID No.: |
HDG6258024 |
|
DIN No.: |
00074343 |
|
|
|
|
Name : |
Mr. Amit Mohandas Goradia |
|
Designation : |
Director |
|
Address : |
12 Kesarbaug, |
|
Date of Birth/Age : |
20.05.1950 |
|
Qualification : |
B.Tech (Mech) |
|
Date of Appointment : |
01.12.2007 |
|
Voter ID No.: |
HDG6258016 |
|
DIN No.: |
00074478 |
|
|
|
|
Name : |
Mr. Jal Ratanshow Patel |
|
Designation : |
Whole Time Director |
|
Address : |
3, |
|
Date of Birth/Age : |
17.09.1937 |
|
Qualification : |
Chartered Accountants Cum Company Secretary |
|
Date of Appointment : |
16.11.2007 |
|
DIN No.: |
00065021 |
|
|
|
|
Name : |
Dr. Timm Gerhard Preusser |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
05.09.1952 |
|
Qualification : |
P.Hd (Mechanical Engineer) |
|
Date of Appointment : |
16.11.2007 |
|
DIN No.: |
01172967 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Goradia Amit Geeta |
|
12060666 |
|
Goradia Amit Subir |
|
1455152 |
|
Goradia Amit Suhrud |
|
1455129 |
|
Goradia Mohandas Nikhil |
|
20 |
|
Goradia Nikhil Manjeri |
|
20 |
|
Vyas Apurva Mona |
|
8409 |
|
Vyas G. Mahendra |
|
10 |
|
Vyas Mahendra Mandakini |
|
10 |
|
Jhaveri Vasant Mayank and Sanjay |
|
10 |
|
Patodia Gopal Priya |
|
10 |
|
Barshikar Ramesh Vasanti |
|
10 |
|
Vyas Apurva Yesha and Janki |
|
10 |
|
Synpart AG |
|
3086272 |
|
Preusser Gerhard Timm |
|
964460 |
|
Patel Ratanshaw Jal |
|
193722 |
|
Kamdar Chimanlal Aniruddh |
|
140270 |
|
Vyas Mahendra Manda |
|
139961 |
|
Kamdar Aniruddh Bhavna |
|
52622 |
|
Shukla Jayant Nilesh |
|
41500 |
|
Moolwaney Sailendra Kiran |
|
20750 |
|
Parikh Harshad Parimala |
|
16600 |
|
Nair T. Sethumadhavan Pankajam |
|
8300 |
|
Patil Bhupendra Mahinkumar |
|
5810 |
|
Bariya Ramjlbhai Paresh |
|
5810 |
|
Driver Jehanbux Cyrus |
|
4488 |
|
Shah Sureshchandra Nimesh |
|
2490 |
|
Daruwala Yazdy Naval Yasmin |
|
2490 |
|
Sadhu Vishnuprasad Dipakkumar |
|
830 |
|
Patel Shantilal Jagdishbhai |
|
830 |
|
Varia Ramanlal Jagdishchandra |
|
830 |
|
Shah Jekisandas Kaushik |
|
830 |
|
Dayatar Kalubhai Kiran |
|
830 |
|
Mistry Muljibhai Kishore |
|
830 |
|
Bhatt Chitubhai Pramod |
|
830 |
|
Bhavsar Bhlkhabhal Sameer |
|
830 |
|
Patel Manubhai Sanjay |
|
830 |
|
Sharma Krishnakumar Virendra |
|
830 |
|
Nair Sekharan T. Sethumadhavan |
|
214 |
|
Parikh Maneklal Harshad |
|
191 |
|
Parikh Harshad Rahul |
|
8 |
|
Goradia Lavanya and Nikhil |
|
128192 |
|
Goradla Riddhi and Nikhil |
|
128192 |
|
Patel Haribhai Savitaben |
|
20 |
|
Patel Shankerbhai Bipinbhai |
|
10 |
|
Patel Shankerbhai Prafulbhai |
|
10 |
|
Patel Shankerbhai Jaynauayan |
|
10 |
|
|
|
|
|
Total |
|
19930148 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
20.00 |
|
Directors or relatives of Directors |
78.00 |
|
Other top fifty shareholders |
2.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Tooth Brushes, Household Brushes, and
Household Plastic Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Plastic Products |
MT |
2000 |
90.46 |
95.24 |
|
Tooth Brushes, Domestic Brushes and Paint Brushes |
Lakhs |
2000 |
1476.80 |
1461.54 |
GENERAL INFORMATION
|
No. of Employees : |
445 – Approximately (20 in Office, 420 in Factory, 05 in Branch) |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· IDBI Bank Limited, R C Dutt Road, Alkapuri , Baroda – 390 007, Gujarat, India · Standard Chartered Bank, R C Dutt Road, Alkapuri , Baroda – 390 007, Gujarat, India
|
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K C Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Cource, Vadodara – 390 007, |
|
Tel. No.: |
91-265-6611000 |
|
Fax No.: |
91-265-6610666 |
|
E-Mail : |
|
|
PAN.: |
ADGPD1520R |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29650000 |
Equity shares |
Rs.10/- each |
Rs.296.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19930148 |
Equity shares |
Rs.10/- each |
Rs.199.301
millions |
|
|
|
|
|
Note:
Of the above 19703737 Equity shares of Rs.10/-
each fully paid were allotted to shareholders of erstwhile amalgamating companies
pursuant to Scheme amalgamation, without payment being received in cash.
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 |
199.301 |
199.301 |
199.301 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
54.925 |
43.492 |
25.757 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
254.226 |
242.793 |
225.058 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
250.312 |
250.704 |
168.036 |
|
|
2] Unsecured Loans |
122.253 |
138.881 |
132.260 |
|
|
TOTAL BORROWING |
372.565 |
389.585 |
300.296 |
|
|
DEFERRED TAX LIABILITIES |
47.011 |
41.447 |
36.777 |
|
|
|
|
|
|
|
|
TOTAL |
673.802 |
673.825 |
562.131 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
625.796 |
569.996 |
487.374 |
|
|
Capital work-in-progress |
5.866 |
10.843 |
5.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.509 |
4.510 |
4.510 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
142.081
|
115.824 |
77.160 |
|
|
Sundry Debtors |
59.250
|
47.126 |
30.118 |
|
|
Cash & Bank Balances |
3.319
|
12.549 |
2.271 |
|
|
Other Current Assets |
31.968
|
21.516 |
5.019 |
|
|
Loans & Advances |
41.626
|
95.138 |
100.794 |
|
Total
Current Assets |
278.244
|
292.153 |
215.362 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
184.236
|
147.420 |
120.833 |
|
|
Other Current Liabilities |
25.527
|
23.300 |
23.935 |
|
|
Provisions |
31.696
|
34.618 |
7.256 |
|
Total
Current Liabilities |
241.459
|
205.338 |
152.024 |
|
|
Net Current Assets |
36.785
|
86.815 |
63.338 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.846 |
1.661 |
1.909 |
|
|
|
|
|
|
|
|
TOTAL |
673.802 |
673.825 |
562.131 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
861.208 |
711.875 |
664.216 |
|
|
|
Other Income |
NA |
26.470 |
5.220 |
|
|
|
TOTAL (A) |
NA |
738.345 |
669.436 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material |
|
375.165 |
367.532 |
|
|
|
Manufacturing and Other Expenses |
|
78.027 |
64.306 |
|
|
|
Purchase of traded goods |
|
0.147 |
0.000 |
|
|
|
Employee cost |
|
73.988 |
61.652 |
|
|
|
Administration and Other Expenses |
|
30.497 |
24.268 |
|
|
|
Selling and Distribution Expenses |
|
27.305 |
18.066 |
|
|
|
Prior Period Expenses |
|
1.023 |
(4.611) |
|
|
|
TOTAL (B) |
NA |
586.152 |
531.213 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
152.193 |
138.223 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
43.172 |
45.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
121.562 |
109.021 |
92.591 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
79.296 |
64.615 |
58.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
41.938 |
44.406 |
34.259 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.924 |
9.241 |
19.937 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
23.014 |
35.165 |
14.322 |
|
|
|
|
|
|
|
|
|
Add |
Deferred Tax
Assets |
0.000 |
0.000 |
1.589 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
33.700 |
15.964 |
0.053 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
Dividend |
9.965 |
14.947 |
0.000 |
|
|
|
Tax on Dividend |
1.617 |
2.482 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
45.132 |
33.700 |
15.964 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
370.436 |
257.889 |
228.621 |
|
|
TOTAL EARNINGS |
370.436 |
628.325 |
228.621 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
98.461 |
95.494 |
56.118 |
|
|
|
Stores & Spares |
10.514 |
8.803 |
5.318 |
|
|
|
Capital Goods |
86.147 |
134.533 |
85.915 |
|
|
|
Packing Materials |
10.818 |
6.407 |
2.707 |
|
|
|
Others |
1.660 |
1.709 |
0.000 |
|
|
TOTAL IMPORTS |
207.600 |
246.946 |
150.058 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.15 |
1.76 |
0.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
4.76 |
2.14 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.87
|
6.24 |
5.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.64
|
5.15 |
4.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.18 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.42
|
2.45 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.42 |
1.42 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
0.661 |
0.420 |
0.529 |
|
Creditors due others |
183.575 |
147.000 |
120.304 |
|
|
|
|
|
|
Total |
184.236 |
147.420 |
120.833 |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
REVIEW OF
OPERATIONS AND FUTURE PROSPECTS
The Company has continued with its top-line growth. Gross Revenues have grown by more than 20% on a year on year basis. Profit before depreciation and tax has improved, however increased depreciation costs as well as inflationary pressures on costs have resulted in slight reduction in Profit before tax. In view of prevailing circumstances, the Company anticipates 2011-12 to be a difficult year and is endeavouring to control costs to boost both the top and bottom lines.
CONTINGENT
LIABILITY
Rs.
in Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Bills Discounted |
113.499 |
88.349 |
|
Bank Guarantees |
3.975 |
3.975 |
|
Letters of Credit |
19.351 |
22.235 |
|
Income Tax |
2.257 |
4.134 |
|
Claims against company pending before
labour court |
Amount not
ascertainable |
|
FORM 8
|
Corporate
identity number of the company |
U74920GJ1972PTC006949 |
|
Name of the
company |
JEWEL CONSUMER CARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
“SUBHAAG” B 16, |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10103670 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of Email: pankaj.k.kumar@sbi.co.in |
|
Nature of
instrument creating charge |
First
Supplemental Joint Deed of Hypothecation creating charge on Stock, Book Debts
and Movable Plant and Machinery. |
|
Date of
instrument Creating the charge |
09.12.2011 |
|
Amount secured by
the charge |
Rs.372.400
Millions |
|
Brief 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 agreed and
negotiated Extent and Operation
of the charge: Stocks of RM,
WIP, Semi-finished goods, FG, Stores and Spares, Bills Receivable and Book
Debts and all other movables plant and machineries both present and future. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
the whole of the Current Assets of the Company namely, Stock of Rae
Materials, Stock in Process, Semi-Finished and Finished Goods, Stores and
Spares not relating to lant and Machinery (Consumable Stores and Spares),
Bills Receivable and Book Debts and all other movable plant and machineries
both present and future whether now lying loose or in cases or which are now
lying or stored or be in or about or shall hereinafter from time to time during
the continuance of the security of these presents be brought into or upon or
be stored or be in or about of the Borrower's
factories, premises and godowns situated at Borrower or in
the course of transit or on high seas or on order or delivery, howsoever and
whosesoever in the possession of the Borrower and either by way of
substitution or addition. |
|
Date of
instrument modifying the charge |
26.11.2010 |
|
Particulars of
the present modification |
The consortium
charge has been reconstituted, whereby M/s IDBI Bank Limited Has exited the
consortium. State Bank of |
FIXED ASSETS:
- Land
- Buildings
- Plant and Machinery
- Furniture and Fixtures
- Computer
- Vehicles
- 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 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.53.58 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.