BUSINESS
INFORMATION REPORT
1. Summary Information
|
Country |
India |
||
|
Company Name |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Bharatkumar Otermal Jain |
|
Status |
Moderate |
Principal Name 2 |
Mr. Prakash Ramratan Jain |
|
Registration # |
11-150113 |
||
|
Street Address |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra |
||
|
Established Date |
21.12.2004 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Trader |
|
Fax # |
-- |
Business Style 2 |
Dealer |
|
Homepage |
-- |
Product Name 1 |
Electronics And Consumer Durable Products |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of Directors – 100% |
Banking |
Syndicate
Bank |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
66,394,000
|
Current Liabilities |
16,773,000
|
|
Inventories |
34,790,000
|
Long-term Liabilities |
65,095,000 |
|
Fixed Assets |
6,957,000 |
Other Liabilities |
3,876,000
|
|
Deferred Assets |
190,000 |
Total Liabilities |
85,744,000 |
|
Invest& other Assets |
3,000 |
Retained Earnings |
2,590,000 |
|
|
|
Net Worth |
22,590,000 |
|
Total Assets |
108,334,000 |
Total Liab. & Equity |
108,334,000 |
|
Total Assets (Previous Year) |
77,575,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
666,539,000 |
Net Profit |
3,433,000 |
|
Sales(Previous yr) |
464,370,000 |
Net Profit(Prev.yr) |
2,711,000 |
MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-150113 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395MH2004PTC150113 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ05469C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Dealer of Electronics and Consumer Durable Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 90000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available. As per previous year’s record, the reserves
and profitability if found to be low. There also appear huge external
borrowing which cause a threat to company’s liquidity. However, trade
relations are reported as fair. Business is active. Payments are reported to
be unknown. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Bharatkumar Otermal Jain |
|
Designation : |
Director |
|
Address : |
103, Gautam Labdhi, |
|
Date of Birth/Age : |
12.10.1962 |
|
Date of Appointment : |
21.12.2004 |
|
DIN No.: |
01455641 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U32200MH1999PTC121499 |
O.K.TELEVISIONS
PRIVATE LIMITED |
Director |
27-08-99 |
27-08-99 |
- |
Active |
NO |
|
2 |
U51395MH2004PTC150113 |
JUMBO
DISTRIBUTORS PRIVATE LIMITED |
Whole-time
director |
21-12-04 |
21-12-04 |
- |
Active |
NO |
|
3 |
U32109MH2005PTC155848 |
JD
ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Director |
02-09-05 |
02-09-05 |
31-03-10 |
Active |
NO |
|
4 |
U45202MH2010PTC205545 |
JUMBO
CONSTRUCTIONS PRIVATE LIMITED |
Director |
16-07-10 |
16-07-10 |
- |
Active |
NO |
|
5 |
U01403MH2010PTC210532 |
JUMBO
AGRICULTURE AND FARMING PRIVATE LIMITED |
Director |
02-12-10 |
02-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Prakash Ramratan Jain |
|
Designation : |
Director |
|
Address : |
103, Gopal Krishna Apartments, |
|
Date of Birth/Age : |
24.08.1972 |
|
Date of Appointment : |
21.12.2004 |
|
DIN No.: |
01541492 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51395MH2004PTC150113 |
JUMBO
DISTRIBUTORS PRIVATE LIMITED |
Director |
21-12-04 |
21-12-04 |
- |
Active |
NO |
|
2 |
U32109MH2005PTC155848 |
JD
ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Director |
02-09-05 |
02-09-05 |
31-03-10 |
Active |
NO |
|
3 |
U30009MH1999PTC117758 |
WEB-SURF
PRIVATE LIMITED |
Director |
25-11-05 |
25-11-05 |
22-01-10 |
Active |
NO |
|
4 |
U32100MH2006PTC160718 |
J.K.
ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Director |
24-03-06 |
24-03-06 |
- |
Active |
NO |
|
5 |
U45202MH2010PTC205545 |
JUMBO
CONSTRUCTIONS PRIVATE LIMITED |
Director |
16-07-10 |
16-07-10 |
- |
Active |
NO |
|
6 |
U01403MH2010PTC210532 |
JUMBO
AGRICULTURE AND FARMING PRIVATE LIMITED |
Director |
02-12-10 |
02-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Narain Khushiram Bajaj |
|
Designation : |
Director |
|
Address : |
Block C-1/1, Laxmi Sadan, Ulhas Nagar – 421 003, |
|
Date of Birth/Age : |
18.03.1942 |
|
Date of Appointment : |
21.12.2004 |
|
Date of Cessation : |
01.01.2012 |
|
DIN No.: |
02633781 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bahart Jain |
60000 |
|
Prakash Jain |
400000 |
|
Narian Bajaj |
60000 |
|
O.K. Televisions Private Limited, India |
606666 |
|
Usha Electro Trade Ag. Private Limited, |
606666 |
|
Ram Ratan Chhajed |
266668 |
|
Total |
2000000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
60.67 |
|
Directors or relatives of Directors |
39.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer of Electronics and Consumer Durable Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Syndicate Bank, Priyadarshni Building, Phadke Road, Dombivli (East),
Thane District, Thane – 421 201, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Girish J. Rathi and Company Chartered Accountants |
|
Address : |
303, Bhwindiwala Terrace, Tembi Naka, Thane – 400 601, |
|
Pan No.: |
AAPPR4518R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 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 |
20.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.590 |
9.157 |
6.447 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
22.590 |
19.157 |
16.447 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
65.095 |
38.461 |
24.012 |
|
|
2] Unsecured Loans |
0.000 |
13.960 |
17.021 |
|
|
TOTAL BORROWING |
65.095 |
52.421 |
41.033 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
87.685 |
71.578 |
57.480 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.957 |
2.073 |
0.966 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.190 |
0.064 |
0.083 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.790
|
33.494
|
30.363 |
|
|
Sundry Debtors |
53.292
|
34.336
|
34.923 |
|
|
Cash & Bank Balances |
2.038
|
1.425
|
1.647 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
11.064
|
6.148
|
5.136 |
|
Total
Current Assets |
101.184
|
75.403 |
72.069 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.385
|
1.210
|
11.233 |
|
|
Other Current Liabilities |
3.388
|
0.459
|
1.343 |
|
|
Provisions |
3.876
|
4.328
|
3.128 |
|
Total
Current Liabilities |
20.649
|
5.997 |
15.704 |
|
|
Net Current Assets |
80.535
|
69.406
|
56.365 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.003 |
0.035 |
0.066 |
|
|
|
|
|
|
|
|
TOTAL |
87.685 |
71.578 |
57.480 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
666.539 |
464.370 |
|
|
|
|
Other Income |
0.338 |
0.322 |
|
|
|
|
TOTAL (A) |
666.877 |
464.692 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
641.889 |
444.714 |
|
|
|
|
Staff Cost |
3.996 |
2.935 |
|
|
|
|
Distribution Expenses |
2.902 |
3.238 |
|
|
|
|
Other Expenses |
4.573 |
3.371 |
|
|
|
|
TOTAL (B) |
653.360 |
454.258 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.517 |
10.434 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.251 |
5.980 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.266 |
4.454 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.277 |
0.525 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.989 |
3.929 |
2.917 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.556 |
1.218 |
0.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.433 |
2.711 |
1.936 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.158 |
6.447 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Issue of Bonus Shares |
10.000 |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
2.591 |
9.158 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.72 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.51
|
0.58 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.75
|
0.85 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.61
|
5.07 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.21 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.80
|
3.05 |
3.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.90
|
12.57 |
4.59 |
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
NOTE
The registered office of the company has been shifted from I 1/ 1 to 6, Sagar Complex, Nashik Highway, Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra to the present address w.e.f. 15.11.2009.
FINANCIAL RESULTS
The Company earned
profit of Rs. 4.989 Millions (Previous Year: Profit of Rs. 3.929 Millions) during
the year. In view of the loss incurred, the Directors do not recommend any
dividend for the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51395MH2004PTC150113 |
|
Name of the
company |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra, India E-Mail: vipulbhabhera@hotmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10182657 |
|
Type of charge |
|
|
Particular of
charge holder |
Syndicate Bank, Priyadarshni, E-Mail: vlaxman@vsnl.com |
|
Nature of
instrument creating charge |
Composite
Hypothecation Agreement (Hypothecation of Goods, Stock, Raw Materials, Plant,
Machinery, Fixtures, Furniture, Vehicles, Computers and other Articles). |
|
Date of
instrument Creating the charge |
17.10.2012 |
|
Amount secured by
the charge |
Rs. 70.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest 15% p.a.
being 4.50% over and above the Syndicate Bank Base Rate. Terms of
Repayment On Demand Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge Hypothecation by
way of First Charge on Company's
Stocks and Book debts, together with interest, costs, charges,
expenses and other monies payable thereunder shall be secured against the
property specified under item No 15. Others Nil |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the goods,
stocks, raw materials, finished goods, unfinished goods, movable property of
any kind, plant, machinery, fixtures, implements, fittings All the Company's
present and future other debts, outstanding monies, receivables, claims,
bills, contracts, securities, investments, goodwill, rights and assets |
|
Date of
instrument modifying the charge |
22.10.2010 |
|
Particulars of
the present modification |
The charge shall
now increased from of Rs.50.000 millions to Rs.70.000 millions in favour of
the bank against the security of Stock & Book Debts of the Company. |
|
Corporate
identity number of the company |
U51395MH2004PTC150113 |
|
Name of the
company |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
I 1/ 1 to 6, Sagar Complex, Nashik Highway, Ovali Village, Opposite H.P. Petrol Pump, Taluka Bhiwandi, Bhiwandi – 421 302, Maharashtra, India E-Mail: vipulbhabhera@hotmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10182657 |
|
Type of charge |
|
|
Particular of
charge holder |
Syndicate Bank, Priyadarshni, E-Mail: vlaxman@vsnl.com |
|
Nature of
description of the instrument creating or modifying the charge |
a)
Composite
Hypothecation Agreement (Hypothecation of Goods, Stock, Raw Materials, Plant,
Machinery, Fixtures, Furniture, Vehicles, Computers and other Articles). b)
Charge
and Hypothecation of Book Debts Agreement. (Collectively constitute a single
charge for Rs.50.000 millions) |
|
Date of
instrument Creating the charge |
22.10.2010 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest @ 13% p.a.
being 4.50% over and above the Syndicate bank's Base Rate (BR)/PTLR raising
or falling therewith from time to time with Calendar Monthly rests. Terms of
Repayment: On Demand Margin: As may be
stipulated by the Bank from time to time. Extent and Operation
of the charge: Hypothecation by
way of First Charge on Company's stocks and book debts, together with
interest, costs, charges, expenses and other monies payable there under shall
be secured against the property. |
|
Short particulars
of the property charged |
All the goods,
stocks, raw materials, finished goods, unfinished goods, movable property of
any kind, plant, machinery, fixtures, implements, fittings All the Borrowers
present and future other debts, outstanding monies, receivables, claims,
bills, contracts, securities, investments, goodwill, rights and assets |
|
Particulars of
the present modification |
The Bank has
sanctioned additional facility of Rs. 20.000 millions and consequently charge
shall now stand increased from Rs.30.000 millions to Rs.50.000 millions in
favour of the Bank. |
FIXED ASSETS
·
Computers and Peripherals
·
Air Conditioners
·
Generator and Inverter Set
·
Fax and EPBAX Systems
·
Furniture and Fixtures
·
Pickup Van
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.54.64 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
--- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.