MIRA
INFORM REPORT
|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAVASCO TRANSMISSION AND PACKING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
1, Janki Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
14.06.1991 |
|
|
|
|
Com. Reg. No.: |
11-062085 |
|
|
|
|
Paid up Capital : |
Rs. 17.600 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U25192MH1991PTC062085 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR15446E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACR1768D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Manufacturer of Rubber Conveyor, Conveyor belying and Rubber
sheet. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 250000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears huge external borrowing recorded by the company. 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.
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 |
SME2 |
|
Rating Explanation |
High credit quality with very low credit risk. |
|
Date |
07.12.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
1, Janki Centre, |
|
Tel. No.: |
91-22-26730890-94/ 32168400 |
|
Fax No.: |
91-22-26730889 / 66916245 |
|
E-Mail : |
ravasco03@hotmail.com |
|
Website : |
www.indusbelt.com |
|
Area : |
2300 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 164-166,
GIDC Industrial Estate, Phase-II, Vapi, District Bulsar, |
|
Tel. No.: |
91-260-2431268 |
|
Fax No.: |
91-260-2431269 |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Anil
Radheshyam Kalra |
|
Designation : |
Whole Time
Director |
|
Address : |
21, Royal Accord –
III, Plot No. 17, Apna Ghar Layout, Lokhandwala Complex, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
29.08.1992 |
|
DIN No.: |
00119633 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29130MH1988PTC046684 |
HINDUSTAN
RUBBERS INDUSTRIES PRIVATE LIMITED |
Director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
2 |
U25192MH1991PTC062085 |
RAVASCO
TRANSMISSION AND PACKING PRIVATE LIMITED |
Whole-time
director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
3 |
U17116MH1990PTC056187 |
NIDHI
SILK MILLS PRIVATE LIMITED |
Director |
07/10/2008 |
07/10/2008 |
Active |
NO |
|
4 |
U17120MH2010PLC207473 |
MADURA
INDUSTRIAL TEXTILES LIMITED |
Whole-time
director |
05/02/2011 |
06/09/2010 |
Active |
NO |
|
Name : |
Mr. Sanil
Radheshyam Kalra |
|
Designation : |
Whole Time
Director |
|
Address : |
11, Royal Accord
– III, Plot No. 17, Apna Ghar Layout, Lokhandwala Complex, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
29.08.1992 |
|
DIN No.: |
00119674 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29130MH1988PTC046684 |
HINDUSTAN
RUBBERS INDUSTRIES PRIVATE LIMITED |
Director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
2 |
U25192MH1991PTC062085 |
RAVASCO
TRANSMISSION AND PACKING PRIVATE LIMITED |
Whole-time
director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
3 |
U17116MH1990PTC056187 |
NIDHI
SILK MILLS PRIVATE LIMITED |
Director |
07/10/2008 |
07/10/2008 |
Active |
NO |
|
4 |
U24232MH2010PTC199429 |
FULLIFE
HEALTHCARE PRIVATE LIMITED |
Director |
22/07/2011 |
15/05/2010 |
Active |
NO |
|
5 |
U17120MH2010PLC207473 |
MADURA
INDUSTRIAL TEXTILES LIMITED |
Whole-time
director |
05/02/2011 |
06/09/2010 |
Active |
NO |
|
Name : |
Ms. Promilla
Raman Kalra |
|
Designation : |
Whole Time
Director |
|
Address : |
22, Royal Accord
– III, Plot No. 17, Apna Ghar Layout, Lokhandwala Complex, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
03.06.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.06.2002 |
|
DIN No.: |
00119711 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25192MH1991PTC062085 |
RAVASCO
TRANSMISSION AND PACKING PRIVATE LIMITED |
Whole-time
director |
01/06/2002 |
01/06/2002 |
Active |
NO |
|
2 |
U17120MH2010PLC207473 |
MADURA
INDUSTRIAL TEXTILES LIMITED |
Whole-time
director |
05/02/2011 |
06/09/2010 |
Active |
NO |
|
Name : |
Mr. Vipan Ramnath
Kalra |
|
Designation : |
Whole Time
Director |
|
Address : |
21, Royal Accord –
III, Plot No. 17, Apna Ghar Layout, Lokhandwala Complex, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
29.08.1992 |
|
DIN No.: |
00122168 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29130MH1988PTC046684 |
HINDUSTAN
RUBBERS INDUSTRIES PRIVATE LIMITED |
Director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
2 |
U25192MH1991PTC062085 |
RAVASCO
TRANSMISSION AND PACKING PRIVATE LIMITED |
Whole-time
director |
29/08/1992 |
29/08/1992 |
Active |
NO |
|
3 |
U17116MH1990PTC056187 |
NIDHI
SILK MILLS PRIVATE LIMITED |
Director |
07/10/2008 |
07/10/2008 |
Active |
NO |
|
4 |
U17120MH2010PLC207473 |
MADURA
INDUSTRIAL TEXTILES LIMITED |
Whole-time
director |
05/02/2011 |
06/09/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vipan
Ramnath Kalra |
120700 |
|
Rachna
Vipan Kalra |
40000 |
|
Gautam
Vipan Kalra |
176000 |
|
Richa
Vipan Kalra |
47400 |
|
Riya
Vipan Kalra |
55900 |
|
Promilla
Raman Kalra |
109800 |
|
Rishi
Raman Kalra |
60600 |
|
Raghav
Raman Kalra |
269600 |
|
Anil
Radheshyam Kalra |
104600 |
|
Asha
Anil Kalra |
40000 |
|
Varun
Anil Kalra |
58300 |
|
Shakshi
Anil Kalra |
48700 |
|
Tarun
Anil Kalra |
188400 |
|
Sanil
Radheshyan Kalra |
106600 |
|
Sucheta
Sanil Kalra |
53600 |
|
Jitesh
Sanil Kalra |
129000 |
|
Sahil
Sanil Kalra |
150800 |
|
TOTAL
|
1760000 |
AS ON 26.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber Conveyor, Conveyor belying and Rubber
sheet. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
The
Saraswat Co-Operative Bank Limited
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J and K Agarwal and Company Chartered Accountant |
|
Address : |
204, Camy House, 3 Dhus-Wadi, Dr. C H Street, Mumbai-400002,
Maharashtra, India |
|
PAN No.: |
AAAFJ1781F |
|
|
|
|
Associates : |
·
Hindustan Rubbers (Silvassa) ·
Hindustan Rubbers Industries Private Limited ·
Nidhi Silk Mills Private Limited ·
Ravasco Transmission and Packing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
1760000 |
Equity Shares |
Rs.10/- each |
Rs. 17.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
17.600 |
17.600 |
17.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
46.862 |
22.891 |
20.036 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
64.462 |
40.491 |
37.636 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
279.628 |
123.997 |
67.914 |
|
|
2] Unsecured Loans |
105.332 |
93.028 |
124.062 |
|
|
TOTAL BORROWING |
384.960 |
217.025 |
191.976 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.888 |
0.040 |
|
|
|
|
|
|
|
|
TOTAL |
449.422 |
258.404 |
229.652 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
91.601 |
112.293 |
115.260 |
|
|
Capital work-in-progress |
12.698 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.026 |
|
|
DEFERREX TAX ASSETS |
0.977 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
98.184
|
87.952 |
67.926 |
|
|
Sundry Debtors |
310.471
|
151.419 |
76.386 |
|
|
Cash & Bank Balances |
9.366
|
7.582 |
7.085 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
118.864
|
41.867 |
47.177 |
|
Total
Current Assets |
536.885
|
288.820 |
198.574 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
154.127
|
139.172 |
81.259 |
|
|
Other Current Liabilities |
25.030
|
0.000 |
0.000 |
|
|
Provisions |
13.607
|
3.562 |
2.949 |
|
Total
Current Liabilities |
192.764
|
142.734 |
84.208 |
|
|
Net Current Assets |
344.121
|
146.086 |
114.366 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
449.422 |
258.404 |
229.652 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
833.907 |
532.458 |
318.745 |
|
|
|
Other Income |
57.250 |
16.774 |
17.165 |
|
|
|
TOTAL (A) |
891.157 |
549.232 |
335.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
239.182 |
|
|
|
Manufacturing Expenses |
|
|
39.810 |
|
|
|
Selling and Administrative Expenses |
|
|
13.072 |
|
|
|
Personal Cost |
|
|
12.707 |
|
|
|
Increase and Decreases in Inventories |
|
|
(4.150) |
|
|
|
TOTAL (B) |
802.265 |
492.410 |
300.621 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
88.892 |
56.822 |
35.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
29.954 |
22.245 |
16.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
58.938 |
34.577 |
18.417 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.455 |
26.438 |
27.833 |
|
|
|
|
|
|
|
|
|
Less |
Extraordinary Items |
0.000 |
0.114 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
35.483 |
8.025 |
(9.416) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.512 |
5.170 |
(0.154) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
23.971 |
2.855 |
(9.570) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.891 |
20.036 |
29.606 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
46.862 |
22.891 |
20.036 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
437.513 |
114.570 |
76.429 |
|
|
TOTAL EARNINGS |
437.513 |
114.570 |
76.429 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
121.863 |
102.600 |
8.076 |
|
|
TOTAL IMPORTS |
121.863 |
102.600 |
8.076 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.13 |
1.62 |
0.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.69
|
0.52 |
(2.85) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.26
|
1.51 |
(2.95) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.64
|
2.00 |
(3.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55
|
0.20 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.97
|
5.36 |
5.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.79
|
2.02 |
2.36 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
SHORT TERM BORROWINGS |
|
|
|
(a)
Loans and advances from related parties |
|
|
|
From
Directors Relatives and associate concerns |
105.332 |
93.028 |
|
|
|
|
|
TOTAL |
105.332 |
93.028 |
OPERATIONS
The company during the year has achieved sales turnover of Rs 833.908 Millions
as compare to previous years turnover of Rs 532.458 Millions
FORM 8
|
Corporate
identity number of the company |
u25192MH1991PTC062085 |
|
Name of the
company |
RAVASCO
TRANSMISSION AND PACKING PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1, Janki Centre, off |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10349944 |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
The Saraswat Co-Operative Bank Limited, SME Vile Parle Branch, Bholanath
Co-Operative Housing Society, Subhash Road, Vile Parle East, Mumbai – 400057,
Mumbai – 400 069, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement |
|
Date of
instrument Creating the charge |
28.05.2012 |
|
Amount secured by
the charge |
Rs. 332.400
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Nil Terms of repayment On demand Margin Nil Extent and operation of the charge This is
collateral security |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
machinery, tangible movable property (both present and future) belonging to
the borrower and lying and being at the borrowers place of business at
164-166 GIDC Industrial Phase II Vapi District Bulsar (Gujarat) or Plot no 90,95 to 99 Acchad Industrial
Estate Acchad Taluka Talasari District Thane or wherever else the same maybe. |
|
Particulars of
the present modification |
By present
agreement it is confirm that machinery at 164-166 GIDC Industrial Phase
II Vapi District Bulsar (Gujarat) and
Plot no 90 , 95 to 99 Acchad Industrial Estate, Acchad Taluka Talasari
District Thane continues to be collateral security for Rs 332.400
Millions. The terms and conditions for availing the said loan facility remain
unchanged. |
FIXED ASSETS
· Land
· Building
· Plant and machinery
· Mould and Dyes
· Furniture and Fixtures
· Computers
· Flat
· Motor Car
· Fax Machine
· Office Equipment
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 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. 54.38 |
|
|
1 |
Rs. 82.32 |
|
Euro |
1 |
Rs. 69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.