|
Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARDOR INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
'Ardor House' |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.02.2003 |
|
|
|
|
Com. Reg. No.: |
04-042016 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.300.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2003PTC042016 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA02915D AHMA08145E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in LAB, DDB, STPP and Other Chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Latest financials of 2011 as well as 2012 are not available with us. As per the financials available from indirect source, there appears an
increase in the sales turnover as well as net profitability during 2012.
Trade relations are fair. Business is active. Payment terms are reported as
usually correct. In view of established market position of the subject, the company can
be considered for business dealings at usual trade terms and conditions. Note: The latest
financials of the subject are extracted form an indirect source i.e. CRISIL. |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long Term Rating) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
20.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
20.12.2012 |
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 : |
'Ardor House' Mondeal Business Park, Beside Gurudwara, S G Road, Thaltej, Ahmedabad – 380059, Gujarat, India |
|
Tel. No.: |
91-79-66219999 |
|
Fax No.: |
91-79-66219988 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Located At: · Mumbai · Indore · Kanpur · Silvassa · Gandhidham |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Fenilbhai Bharatbhai Shah |
|
Designation : |
Managing Director |
|
Address : |
301, |
|
Date of Birth/Age : |
27.10.1976 |
|
Experience : |
9 Years |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00044522 |
|
|
|
|
Name : |
Mrs. Gitaben Bharatbhai Shah |
|
Designation : |
Director |
|
Address : |
A-11, North Way Apartment, St. Xavier Collage Road, Navrangpura,
Ahmedabad – 380 009, Gujarat, India |
|
Date of Appointment : |
18.02.2003 |
|
DIN No.: |
00049071 |
|
|
|
|
Name : |
Mr. Bharatbhai Ratnshi Shah |
|
Designation : |
Director |
|
Address : |
301, |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
02438343 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Fenil B. Shah |
|
9967500 |
|
Gitaben Shah |
|
9967500 |
|
Janaki F. Shah |
|
9967500 |
|
Smita Rakesh Bhatt |
|
171500 |
|
Shilpa Rakesh Shah |
|
171500 |
|
Hasmukh D. Thakor |
|
84250 |
|
Umang S. Patel |
|
84250 |
|
Navin D. Thakor |
|
84250 |
|
Nilesh Ashokkumar Solankhi |
|
84250 |
|
Nipesh R. Shah |
|
106750 |
|
Kamini A Soni |
|
171500 |
|
Amitaben S. Shah |
|
122500 |
|
Shaileshkumar R. Shah |
|
62500 |
|
Shailesh Shah (HUF) |
|
62500 |
|
Arunkumar Shah (HUF) |
|
113500 |
|
Ruchitkumar A. Shah |
|
113500 |
|
Nayanaben Shah |
|
111000 |
|
Milanbhai Mehta |
|
116625 |
|
Shrikeshbhai Mehta |
|
116625 |
|
Nitaben Mehta |
|
116625 |
|
Malvikaben Mehta |
|
116625 |
|
Vasumatiben Mehta |
|
177250 |
|
Bharatbhai Shah |
|
9967500 |
|
Jinal Shah |
|
9967500 |
|
Ardor In–Fin Private Limited, |
|
9967500 |
|
Nayankumar Mehta |
|
600000 |
|
Ardor Structure Private Limited, |
|
9967500 |
|
Greenland Infracon Private Limited, |
|
9967500 |
|
Infinium Det chem. Private Limited, |
|
9530000 |
|
Jayco Synthetics Private Limited, India |
|
9530000 |
|
Ardor Global Private Limited, India |
|
6912500 |
|
Total |
|
108500000 |
As on: 22.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Fenil B Shah |
|
3200000 |
|
Bharatbhai R Shah |
|
3200000 |
|
Gita ben B Shah |
|
3200000 |
|
Janki Bharatbhai Shah |
|
3200000 |
|
Jinal Bharatbhai Shah |
|
3200000 |
|
Ardor In‐Fin Private Limited |
|
3200000 |
|
Ardor Structures Private Limited |
|
3200000 |
|
Greenland Infracon Private Limited |
|
3200000 |
|
Jayco Synthetics Private Limited, India |
|
3500000 |
|
Infinium Det chem. Private Limited, India |
|
3500000 |
|
Ardor Global Private Limited, India |
|
3900000 |
|
Total |
|
36500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
42.31 |
|
Directors or relatives of Directors |
57.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in LAB, DDB, STPP and Other Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Bank of India, Ahmedabad Large Corporate Branch, 2nd Floor, BOI Building, Bhadra, Ahmedabad – 380 001, Gujarat, India · Rajkot Nagrik Sahakari Bank Limited, Ahmedabad, Gujarat, India · Union Bank of India, Branch Ashram Road, Ahmedabad – 380 014, Gujarat, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vipul and Manish Associates Chartered Associates |
|
Address : |
True Value House, Opposite ISRO, Near Sundarvan Bus Stop, Satellite,
Ahmedabad – 380 015, |
|
Tel. No.: |
91-79-26730650/ 26730675 |
|
Mobile No.: |
91-9727735731 |
|
Fax No.: |
91-79-26730675 |
|
E-Mail : |
|
|
PAN No.: |
AACFV2807J |
|
|
|
|
Associate Entities : |
· Infinium Det Chem Private Limited · Jayco Synthetics Private Limited · Ardor Chemicals · J.B. Chemicals · Ardor In-Fin Private Limited · Matrix International · Chem-edge Global Private Limited |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
145000000 |
Equity Shares |
Rs.10/- each |
Rs.1450.000
Millions |
|
|
|
|
|
As on: 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
300.000 |
230.000 |
100.000 |
|
|
2] Share Application Money |
75.000 |
40.000 |
0.000 |
|
|
3] Reserves & Surplus |
124.292 |
49.258 |
10.094 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
499.292 |
319.258 |
110.094 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
320.007 |
215.141 |
42.375 |
|
|
2] Unsecured Loans |
349.668 |
311.628 |
354.104 |
|
|
TOTAL BORROWING |
669.675 |
526.769 |
396.479 |
|
|
DEFERRED TAX LIABILITIES |
1.239 |
0.466 |
0.360 |
|
|
|
|
|
|
|
|
TOTAL |
1170.206 |
846.493 |
506.933 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.446 |
3.745 |
3.800 |
|
|
Capital work-in-progress |
40.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.490 |
1.900 |
1.900 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
389.093 |
184.818 |
86.263 |
|
|
Sundry Debtors |
1004.517 |
860.141 |
521.399 |
|
|
Cash & Bank Balances |
48.988 |
71.656 |
96.035 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
294.765 |
134.071 |
25.120 |
|
Total
Current Assets |
1737.363 |
1250.686 |
728.817 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
418.267 |
400.767 |
191.744 |
|
|
Other Current Liabilities |
215.652 |
10.000 |
36.371 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
633.919 |
410.767 |
228.115 |
|
|
Net Current Assets |
1103.444 |
839.919 |
500.702 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.826 |
0.929 |
0.531 |
|
|
|
|
|
|
|
|
TOTAL |
1170.206 |
846.493 |
506.933 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6277.140 |
3905.772 |
1432.205 |
|
|
|
Other Income |
8.871 |
7.279 |
5.883 |
|
|
|
TOTAL (A) |
6286.011 |
3913.051 |
1438.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
6014.956 |
3735.114 |
1354.582 |
|
|
|
Payment to and provision for Employee |
41.571 |
13.836 |
6.315 |
|
|
|
Office & Administrative Expenses |
56.031 |
24.777 |
12.339 |
|
|
|
Preliminary Expenses written off |
0.653 |
0.351 |
0.201 |
|
|
|
TOTAL (B) |
6113.211 |
3774.078 |
1373.437 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
172.800 |
138.973 |
64.651 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.511 |
76.243 |
31.252 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
117.289 |
62.730 |
33.399 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.945 |
0.519 |
0.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
116.344 |
62.211 |
32.913 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.272 |
23.318 |
10.411 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
75.072 |
38.893 |
22.502 |
|
|
|
|
|
|
|
|
|
Add/ Less |
EXCESS/SHORT
PROVISION OF INCOME TAX |
0.038 |
0.271 |
(0.080) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
49.258 |
10.094 |
3.035 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
13.131 |
|
|
|
Dividend Distribution Tax |
0.000 |
0.000 |
2.232 |
|
|
BALANCE CARRIED
TO THE B/S |
124.292 |
49.258 |
10.094 |
|
|
|
|
|
|
|
|
|
|
EARNING IN
FOREIGN CURRENCY |
142.774 |
50.715 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.26 |
3.05 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.19 |
0.99 |
1.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.85 |
1.59 |
2.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.65 |
4.96 |
4.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.19 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.34 |
1.65 |
3.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74 |
3.04 |
3.19 |
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) |
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 |
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 |
Yes |
NOTE:
The registered office address of the company has been shifted from D, E and F, Mondeal Business Park, Beside Gurudwara, S.G. Highway Road, Thaltej, Ahmedabad – 380054, Gujarat, India to present address w.e.f. 25.03.2013.
UNSECURED LOAN:
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2010 |
As
on 31.03.2009 |
|
Inter Corporate Deposits |
0.182 |
115.710 |
|
From Directors, relatives and share holders |
213.017 |
0.000 |
|
Buyer’s Credit from Banks |
136.469 |
195.918 |
|
Total |
349.668 |
311.628 |
OPERATIONS:
The company has achieved Turnover of
Rs.6277.100 millions during the year and earned net profit after tax of Rs.75.100
millions after making provision for tax of Rs.41.300 millions. The operation of
Company comprised of sales of LAB, DDB, STPP, SODA ASH and other chemicals. The
company is confident to achieve higher sales in the coming years.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate identity number of the company |
U51909GJ2003PTC042016 |
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|
Name of the company |
ARDOR INTERNATIONAL PRIVATE LIMITED |
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|
Address of the registered office or of the principal place of business in |
B/1001-4, Premium House, Behind Handloom House, E-Mail: vmasso@yahoo.co.in |
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|
This form is for |
Modification of charge |
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|
Charge identification
number of the modified |
10269021 |
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|
Type of charge |
Immovable property Any interest in immovable property |
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|
Particular of charge holder |
Bank of E-Mail: lcb.ahmedabad@bankofindia.co.in |
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|
Nature of instrument creating charge |
Sixth Supplemental Indenture of mortgage executed by company for extension
of mortgage charge in favour of reconstituted BOI consortium (BOI, PNB, OBC,
AXIS Bank, RNSBL and CBI) BOI being lead to secure modified, revised and
increased fund based and non fund based tot aggregate limit of Rs.3652.500
millions which is registered with Joint Sub Registrar SRO Ahmedabad - 4 Paldi
on 11.05.2012 |
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|
Date of instrument Creating the charge |
11.05.2012 |
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|
Amount secured by the charge |
Rs.3652.500 millions |
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|
Brief of the principal terms an conditions and extent and operation of
the charge |
Extent and
operation of the charge: 1st pari passu mort charge on all immovable property in
favour of BOI and OBC to secured term loans Rs.220.000 millions and 2nd
and pari passu mortgage charge on all immovable property in favour of BOI
const to secure FB and NFB WC limit of Rs.3432.500 millions with tot
aggregate limit of Rs.3652.500 millions along with interest, additional
interest, penal interest, cost, charges, commission and all other amt due to
the consortium banks of what so ever nature from time to time Others: Revised FB and
NFB Limit (Rs. in millions)
|
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|
Short particulars of the property charged (Including location of the
property) |
All pieces and parcel of unit no d land adm 297.78 sq mtrs with const
15191 sq ft with pro land adm 373.41 sq mtrs in Mondeal Business Park, TPS 50
Mouje Bodak Dev, Taluka Dascroi, District Ahmedabad All pieces and parcel of unit no e land adm 274.45 sq mtrs with const
14289 sq ft with pro land adm 351.24 sq mtrs in Mondeal Business Park, TPS 50
Mouje Bodak Dev, Taluka Dascroi, District Ahmedabad All pieces and parcel of unit no f land adm 274.45 sq mtrs with const
14289 sq ft with pro land adm 351.24 sq mtrs in Mondeal Business Park, TPS 50
Mouje Bodak Dev, Taluka Dascroi, District Ahmedabad |
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|
Date of instrument modifying the charge |
27.04.2011 |
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|
Particulars of the present modification |
BOI consortium reconstituted with CBI as newly inducted member bank.
BOI const granted additional WC and forward cont limits thereby modifying,
revising and increasing total FB and NFB aggregate limit from Rs.1570.000
millions to 3652.500 millions. Thus first / second pari passu mortgage charge
in favour of BOI const has been extended and operate for tot aggregate
increased FB+NFB limit of Rs.3652.500 millions in favour of reconst. BOI
Consortium w. e. f. 11.05.2012. |
FIXED ASSETS:
· Computer
· Computer Software
· Cycle
· Electric Fittings
· Fax Machine
· Furniture and Fixture
· MS Tanks
· Mobile
· Motor Car
· Office Equipment
· Packing Machinery
· Paper Shredder Machine
· Refrigerator
· Scooter
· Telephone
· Television
· Water Cooler
· Water Filter
· Xerox Machine
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.67.71 |
|
|
1 |
Rs.105.14 |
|
Euro |
1 |
Rs.90.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.