MIRA INFORM REPORT
|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
VANDANA SURGI PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-1-26, RIICO Industrial Area, Bijay Nagar, District Ajmer – 305624,
Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.02.2004 |
|
|
|
|
Com. Reg. No.: |
17-019043 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.350 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24236RJ2004PTC019043 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Cotton Roll and Surgical Goods etc. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 12000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is small company having moderate track record. Its scale of
activities are finite. Profitability 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 small to mediocre business dealings
with some cautions. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 PARTED BY
|
Name : |
Mr. Rohit Mahaveer Kothari |
|
Designation : |
Director |
|
Contact No.: |
91-9929434524 |
|
Date : |
14.08.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
G-1-26, RIICO Industrial Area, Bijay Nagar, District Ajmer – 305624,
Rajasthan, India |
|
Tel. No.: |
91-1462-230380 |
|
Mobile No.: |
91-9929434524 / 9414076380 (Mr. Rohit Mahaveer Kothari) |
|
Fax No.: |
91-1462-230380 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
GA-24/25/26, RIICO Industrial Area, Bijaynagar, District Ajmer –
305624, Rajasthan, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mahavir Chand Kothari |
|
Designation : |
Director |
|
Address : |
G-A-24-25, RIICO Industrial Area, Bijainagar – 305624, Rajasthan,
India |
|
Date of Birth/Age : |
05.02.1962 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.02.2004 |
|
DIN No.: |
01171873 |
|
|
|
|
Name : |
Mr. Hemant Mahaveer Kothari |
|
Designation : |
Director |
|
Address : |
G-A-24-25, RIICO Industrial Area, Bijainagar – 305624, Rajasthan,
India |
|
Date of Birth/Age : |
29.12.1985 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
14.08.2006 |
|
DIN No.: |
01171888 |
|
|
|
|
Name : |
Mrs. Vandana Mahaveer Kothari |
|
Designation : |
Director |
|
Address : |
G-A-24-25, RIICO Industrial Area, Bijainagar – 305624, Rajasthan,
India |
|
Date of Birth/Age : |
07.01.1963 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
14.08.2006 |
|
DIN No.: |
01171898 |
|
|
|
|
Name : |
Mr. Rohit Mahaveer Kothari |
|
Designation : |
Director |
|
Qualification : |
B. Com |
|
|
|
|
Name : |
Mr. Punit Kothari |
|
Designation : |
Director |
|
Qualification : |
B. Com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mahavir Chand Kothari |
|
98750 |
|
Vandana Mahaveer Kothari |
|
25025 |
|
Hemant Mahaveer Kothari |
|
8025 |
|
Mahaveer Kothari HUF |
|
3200 |
|
Total |
|
135000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Cotton Roll and Surgical Goods etc. |
|
|
|
|
Products : |
· Absorbent Cotton Wool I.P. · Non Absorbent Cotton Roll · Bleached Cotton · Zigzag Cotton Pleats, etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
|
|
|
|
Installed Capacity (As certified by Management, being the technical matter relied upon by
auditors) |
MT |
450 MT |
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Surgical Cotton |
Kgs. |
34443 |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India · Bank of Baroda, Ajmer · State Bank of Bikaner and Jaipur |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTE Term loan from Rajasthan Financial Corporation is secured against equitable mortgage over factory land and Building situated at G-A 26, Riico Industrial Area, Bijainagar and Hypothecation of Machinery and Movable Property. Further such credit facilities are Personally guaranteed by Machinery and Movable Property. Further such credit facilities are Personally guaranteed by Sh. Mahaveer Chand. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Rajasthan Financial Corporation, 2/196, Adarsh Nagar, Ajmer Road, Beawar - 305901, Rajasthan, India |
|
|
|
|
Auditors : |
|
|
Name : |
R K Osatwal and Company Chartered Accountant |
|
Address : |
Tax Chambers, Inside Ajmeri Gate, Beawar – 305901, Rajasthan, India |
|
PAN No.: |
AAAPO6579Q |
|
|
|
|
Enterprises in which Key Managerial
personnel or their relatives, share holders have significant influence : |
Vandana Surgical Cotton Ind. |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135000 |
Equity Shares |
Rs.10/- each |
Rs.1.350 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135000 |
Equity Shares |
Rs.10/- each |
Rs.1.350 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.350 |
1.350 |
|
(b) Reserves & Surplus |
|
1.604 |
1.603 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2.954 |
2.953 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.164 |
5.449 |
|
(b) Deferred tax liabilities (Net) |
|
0.159 |
0.158 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
6.323 |
5.607 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
2.347 |
6.541 |
|
(c) Other
current liabilities |
|
1.596 |
0.992 |
|
(d) Short-term
provisions |
|
0.001 |
0.033 |
|
Total Current
Liabilities (4) |
|
3.944 |
7.566 |
|
|
|
|
|
|
TOTAL |
|
13.221 |
16.126 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
5.469 |
5.490 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.003 |
0.003 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.027 |
0.027 |
|
(e) Other
Non-current assets |
|
0.001 |
0.001 |
|
Total Non-Current
Assets |
|
5.500 |
5.521 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
3.620 |
4.809 |
|
(c) Trade
receivables |
|
3.096 |
4.757 |
|
(d) Cash
and cash equivalents |
|
0.898 |
0.190 |
|
(e)
Short-term loans and advances |
|
0.107 |
0.849 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
7.721 |
10.605 |
|
|
|
|
|
|
TOTAL |
|
13.221 |
16.126 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.350 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.524 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.874 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.162 |
|
|
2] Unsecured Loans |
|
|
2.309 |
|
|
TOTAL BORROWING |
|
|
4.471 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.445 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.704 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.004 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.212 |
|
|
Sundry Debtors |
|
|
1.625 |
|
|
Cash & Bank Balances |
|
|
0.040 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.073 |
|
Total
Current Assets |
|
|
2.950 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1.043 |
|
|
Other Current Liabilities |
|
|
0.128 |
|
|
Provisions |
|
|
0.042 |
|
Total
Current Liabilities |
|
|
1.213 |
|
|
Net Current Assets |
|
|
1.737 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.445 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8.493 |
9.002 |
9.066 |
|
|
|
Other Income |
0.050 |
0.026 |
0.033 |
|
|
|
TOTAL (A) |
8.543 |
9.028 |
9.099 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
7.939 |
|
|
|
|
|
Purchase of Traded Goods |
0.408 |
0.000 |
|
|
|
|
Employee benefit expense |
0.232 |
0.737 |
|
|
|
|
Other expenses |
0.579 |
0.890 |
|
|
|
|
Changes in {Decrease / (Increase)} the invetories of Finished Goods and stock in trades |
(1.282) |
(0.577) |
|
|
|
|
TOTAL (B) |
7.876 |
8.298 |
8.213 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.667 |
0.730 |
0.886 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.438 |
0.341 |
0.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.229 |
0.389 |
0.482 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.223 |
0.213 |
0.210 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.006 |
0.176 |
0.272 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.005 |
0.097 |
0.128 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.001 |
0.079 |
0.144 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.253 |
0.174 |
0.030 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.254 |
0.253 |
0.174 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.01 |
0.59 |
1.07 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
9.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 9.000 millions
The above information has been parted by Mr. Rohit Mahaveer Kothari
(Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.01
|
0.88 |
1.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.07
|
1.96 |
3.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.05
|
1.09 |
3.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.06 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.09
|
1.85 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
1.40 |
2.43 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CORPORATE INFORMATION
The Company is a Private Limited company domiciled in India and incorporated under the provision of the Companies Act, 1956. The company is engaged in the Manufacturing and Trading of Cotton Roll and Surgical Goods etc.
The company is a small and medium sized company (SMC) as defined in the general instruction in respect of accounting standards notified under the provision of Companies Act, 1956. Accordingly, the company has complied with the accounting standard as applicable to SMC.
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Director |
2.079 |
1.661 |
|
From Shareholders and Director's relatives |
1.206 |
1.210 |
|
Total |
3.285 |
2.871 |
NOTE
The terms of repayment of loan from Directors,Shareholders and
relatives are not being agreed. Accordingly these are classified as Long Term
Borrowings
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24236RJ2004PTC019043 |
|
Name of the
company |
VANDANA SURGI PHARMA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-1-26, RIICO Industrial Area, Bijay Nagar, District Ajmer – 305624,
Rajasthan, India Email: rkosatwal@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10434899 |
|
Type of charge |
Immovable property Book debts Others (Current Assets.) |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India Email : prabhjot.s.singh@kotak.com |
|
Nature of
instrument creating charge |
Record of Mortgage
By Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
08.07.2013 |
|
Amount secured by
the charge |
Rs. 14.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base OD -
Floating over the tenure of the facility. WCTL - Fixed for
tenure of loan. Terms of Repayment WCTL - 60 Months.
(Repayable in 60 equated EMIs) Margin NIL. Extent and Operation of the charge 1. First and exclusive
charge by way of Mortgage on Immovable property of Vandana Surgi Pharma
Private Limited, in favour of Kotak Mahindra Bank Limited as security for
repayment of financial facilities granted by the Bank to Vandana Surgi Pharma
Private Limited of Rs.4.000 millions, to Vandana Cotton Product (VCP) of
Rs.5.000 millions and to Vandana Surgical Cotton Industries (VSCI) of
Rs.5.000 millions. 2. First and
exclusive charge by way of Hypothecation of Current assets present and future
of the Borrower, in favour of Kotak Mahindra Bank as security for repayment
of financial facilities granted by the Bank to the Borrower, as per DOH dated
06.06.2013. (of Rs.4.000 millions) (Totalling of
Rs.14.000 millions) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of
Borrower's Current assets both present and future as described in Schedule II
to the Deed of Hypothecation. Property No. 2 -
All that pieces and parcels of non-agriculture property being Industrial Plot
No.GA-26, RIICO limited industrial Area - Bijaynagar, Distt-Ajmer admeasuring
area 1000 Sq.mt. Having built up
area on gground floor 7308 Sq.ft (RCC), 1296 Sq.ft and on First floor 6012
Sq.ft (RCC), owned by Vandana Surgi Pharma Private Limited. Property No.3 -
All that piece and parcels of non-agriculture property being Industrial plot
No - G-1 & 2, RIICO limited Industrial Area-Bijaynagar, Distt - Ajmer
admeasuring area 2250 Sq.mt. Having built up
area on ground floor 6118 Sq.ft (RCC), owned by Vandana Surgi Pharma Private
Limited. |
|
Particulars of
the present modification |
Bank had granted
facilities of Rs.4.000 millions to the Company which was secured by way of Hypothecation
on Current assets of the Company on 06.06.2013. Now charge by way of Mortgage
is also extended to the increased facility of Rs.4.000 millions and also Bank
has granted additional facilities to Vandana Cotton Product (VCP) of Rs.5.000
millions and to Vandana Surgical Cotton Industries (VSCI) of Rs.5.000
millions. and said charge is modified and extended to the increased total
facilities of Rs.14.000 millions. |
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Electrics Equipment
· Computer
· Honda Activa
· Laboratory Euipment
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.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.