|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAYGEE-LOPAREX INDIA PRIVATE LIMITED (w.e.f 31.03.2005) |
|
|
|
|
Formerly Known
As : |
KAYGEE PAPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B – 28, Bhukhanvala Chambers, 6th Floor, Veera Industrial
Estate, Off Link Road, Andheri (West), Mumbai - 400053, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
15.01.1997 |
|
|
|
|
Com. Reg. No.: |
11-105130 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.108.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21010MH1997PTC105130 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK06295C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3962A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Release Liner. |
|
|
|
|
No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Kaygee and Loparex holding BV,
Nether lands having a satisfactory track record. There appears an increase in the sales turnover during December
2012. Profit margin seems to be good.
Liquidity position is strong. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07 September 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree safety and low credit risk. |
|
Date |
07 September 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.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Jain |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-22-40305903 |
LOCATIONS
|
Registered Office / Factory : |
B – 28, Bhukhanvala Chambers, 6th Floor, Veera Industrial
Estate, Off Link Road, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40305903 / 26733125-27 |
|
Fax No.: |
91-22-26733928 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned
|
|
|
|
|
Corporate Office : |
35-J,
Laksmi Industrial Estate, new Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel No.: |
91-22-26302852
/ 53 / 54 |
|
Fax No.: |
91-22-26302867 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Plot
No. 29 and 30 Athai Industrial Estate, Silvassa – 396230, Union Territory of
Dadra and Nagar Haveli, India |
DIRECTORS
As on 14.06.2012
|
Name : |
Mr.
Premchand Gigalal Godha |
|
Designation : |
Director |
|
Address : |
1701/
1702, |
|
Date of Birth/Age : |
08.01.1947 |
|
Date of Appointment : |
18.07.2001 |
|
DIN No: |
00012691 |
|
Voter ID Card No. |
ACC2993509 |
|
Name : |
Mr.
Pauls Christianus Wilhelmus Van Pinxteren |
|
Designation : |
Director |
|
Address : |
Mijlstraat
143, 5281 RL Boxtel – 5281, |
|
Date of Birth/Age : |
26.09.1965 |
|
Date of Appointment : |
19.06.2008 |
|
DIN No: |
02214056 |
|
Name : |
Mr.
Michele William Apperson |
|
Designation : |
Director
|
|
Address : |
758,
The Preserve TRL, |
|
Date of Birth/Age : |
20.05.1964 |
|
Date of Appointment : |
19.06.2008 |
|
DIN No: |
02213919 |
|
Name : |
Mr.
Pranay Premchand Godha |
|
Designation : |
Director |
|
Address : |
1701/
1702, |
|
Date of Birth/Age : |
24.03.1972 |
|
Date of Appointment : |
15.01.1997 |
|
DIN No: |
00016525 |
|
Voter ID Card No. |
ACC2993533 |
|
|
|
|
Name : |
Mr. Gerrit Jan Engbert Hilbrink |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Manish Jain |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.06.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Pranay Godha |
|
63270 |
|
Prashant Godha |
|
1510 |
|
Gudakesh
Investments and Traders Private Limited, |
|
3250 |
|
Paranthapa
Investments and Traders Private Limited, |
|
1250 |
|
Kaygee
Investments Private Limited, |
|
213000 |
|
Prem
Chand Godha |
|
7720 |
|
Loparex Holding B V, Netherland |
|
540000 |
|
Pranay Godha Jointly Neetu Godha |
|
250000 |
|
|
|
|
|
Total |
|
1080000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Pranay Godha |
|
25000 |
|
Loparex Holding B V, Netherland |
|
25000 |
|
total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on 14.06.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie (s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
20.10 |
|
Directors or relatives of Directors |
29.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Release Liner. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Release
Liner |
||||||
|
Countries : |
·
Egypt ·
UAE ·
Turkey |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
·
Europe ·
Sweden ·
Italy |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON 31.12.2010
Installed Capacity: 360 M.T per
shift per annum (AMLI)
3000 M.T per shift per annum (ATHAL)
|
Particulars |
Unit |
|
|
Actual
Production |
|
S. C. / U. C. Paper |
Kgs. |
|
|
5454071.60 |
|
Film |
Kgs. |
|
|
436207.30 |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
140 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain and
Kothari Chartered
Accountants |
|
Address : |
43, |
|
Tel. No.: |
91-22-22663342 |
|
Fax No.: |
91-22-22660267 |
|
E-Mail.: |
|
|
PAN No : |
AACFJ6082B |
|
|
|
|
Entities where control exists: |
·
Loparex Holding BV ·
Kaygee Investments Private Limited |
|
|
|
|
Subsidiaries of the entity having controlling interest in the Company: |
·
Loparex HK Limited ·
Loarex LLC ·
Loparex (Guangzhou) Paper Products Limited |
|
|
|
|
Other Related parties (Entities in which Directors or their relatives
have significant influence): |
·
Nipra Industries Private Limited ·
Khanvel Resorts Private Limited |
CAPITAL STRUCTURE
As on 24.06.2013
Authorised Capital : Rs.120.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.108.000 Millions
As on 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs. 100/- each |
Rs. 110.000 Millions |
|
100000 |
Preference Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
Total |
|
Rs. 120.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1080000 |
Equity Shares |
Rs. 100/- each |
Rs. 108.000 Millions |
|
50000 |
Preference
Shares |
Rs. 100/-
each |
Rs.
5.000 Millions |
|
|
Total |
|
Rs. 113.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF
FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
108.000 |
113.000 |
|
(b) Reserves & Surplus |
|
349.125 |
269.405 |
|
(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) |
|
457.125 |
382.405 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.250 |
26.250 |
|
(b) Deferred tax liabilities (Net) |
|
20.242 |
22.314 |
|
(c) Other long term liabilities |
|
0.025 |
0.000 |
|
(d) long-term provisions |
|
0.443 |
0.000 |
|
Total Non-current Liabilities (3) |
|
42.960 |
48.564 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
92.590 |
219.892 |
|
(b) Trade payables |
|
145.225 |
88.105 |
|
(c) Other current liabilities |
|
27.368 |
24.501 |
|
(d) Short-term provisions |
|
9.532 |
11.361 |
|
Total Current Liabilities (4) |
|
274.715 |
343.859 |
|
|
|
|
|
|
TOTAL |
|
774.800 |
774.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
222.273 |
238.206 |
|
(ii) Intangible Assets |
|
0.265 |
0.000 |
|
(iii) Capital
work-in-progress |
|
37.021 |
3.467 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.405 |
10.216 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
261.964 |
251.889 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
224.710 |
225.507 |
|
(c) Trade receivables |
|
177.873 |
197.928 |
|
(d) Cash and cash equivalents |
|
5.805 |
4.693 |
|
(e) Short-term loans and
advances |
|
104.228 |
94.697 |
|
(f) Other current assets |
|
0.220 |
0.114 |
|
Total Current Assets |
|
512.836 |
522.939 |
|
|
|
|
|
|
TOTAL |
|
774.800 |
774.828 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
118.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
190.541 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
308.541 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
232.689 |
|
|
2] Unsecured Loans |
|
|
50.000 |
|
|
TOTAL BORROWING |
|
|
282.689 |
|
|
DEFERRED TAX LIABILITIES |
|
|
22.412 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
613.642 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
247.603 |
|
|
Capital work-in-progress and Capital Advances |
|
|
4.295 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
172.830
|
|
|
Sundry Debtors |
|
|
154.018
|
|
|
Cash & Bank Balances |
|
|
5.476
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
117.060
|
|
Total
Current Assets |
|
|
449.384
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
53.889
|
|
|
Other Current Liabilities |
|
|
8.049
|
|
|
Provisions |
|
|
25.702
|
|
Total
Current Liabilities |
|
|
87.640
|
|
|
Net Current Assets |
|
|
361.744
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
613.642 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1146.135 |
996.102 |
|
|
|
Other Income |
|
0.886 |
0.730 |
|
|
|
TOTAL (A) |
|
1147.021 |
996.832 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
793.757 |
656.000 |
|
|
|
Changes in inventories of Finished Goods, Work-in-Progress and
Stock-in-Trade |
|
(16.497) |
(6.773) |
|
|
|
Employee benefits expenses |
|
72.329 |
60.576 |
|
|
|
Other expenses |
|
125.445 |
111.307 |
|
|
|
Loss/(Gain) on Foreign Exchange Transactions |
|
0.642 |
(10.346) |
|
|
|
TOTAL (B) |
|
975.676 |
824.310 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
171.345 |
172.522 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
29.716 |
35.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
141.629 |
137.205 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
26.837 |
26.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
114.792 |
110.962 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
35.067 |
31.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
79.725 |
79.226 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
254.410 |
180.540 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference share dividend |
|
NA |
0.310 |
|
|
|
Tax on Dividend |
|
NA |
0.050 |
|
|
|
Capital Redemption Reserve |
|
NA |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
NA |
254.410 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
69.18 |
68.39 |
|
|
|
PARTICULARS |
|
|
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
806.702 |
|
|
|
Other Income |
|
|
11.534 |
|
|
|
TOTAL (A) |
|
|
818.236 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed and inventory adjustment |
|
|
527.037 |
|
|
|
Manufacturing and other costs |
|
|
124.075 |
|
|
|
Personnel cost |
|
|
45.971 |
|
|
|
TOTAL (B) |
|
|
697.083 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
121.153 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND
FINANCIAL EXPENSES (D) |
|
|
25.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
95.293 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
25.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
69.513 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
19.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
50.196 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
131.046 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference share dividend |
|
|
0.600 |
|
|
|
Tax on Dividend |
|
|
0.101 |
|
|
|
Capital Redemption Reserve |
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
180.541 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
426.961 |
|
|
|
Commission Earnings |
|
|
1.642 |
|
|
TOTAL EARNINGS |
|
|
428.603 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials - Imported |
|
|
406.606 |
|
|
|
Raw Materials - Highseas |
|
|
20.360 |
|
|
|
Consumables (Purchase) |
|
|
1.951 |
|
|
|
Coating Machine |
|
|
0.769 |
|
|
|
Testing Machine |
|
|
0.000 |
|
|
|
Tools and Equipment |
|
|
0.000 |
|
|
|
Repairs – Machine |
|
|
0.027 |
|
|
|
Sliting Machine |
|
|
0.000 |
|
|
TOTAL IMPORTS |
|
|
429.713 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
45.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
6.95
|
7.95
|
6.13
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.02
|
11.13
|
8.61
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.56
|
14.39
|
15.47
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.29
|
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.25
|
0.64
|
0.92
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.52
|
5.12
|
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
two 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 |
Yes |
|
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] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
Note:
The Registered Office of the company has been shifted from 35-J, Laxmi
Industrial Estate, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra,
Mumbai, India to present address w.e.f 14.07.2010
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10371230 |
25/07/2012 |
35,000,000.00 |
HDFC BANK LIMITED |
LEVEL-4, ALPHA
BUILDING, I THINK TECHNO PARK,, LO |
B55910079 |
|
2 |
10214346 |
26/04/2010 |
105,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA |
A84247832 |
|
3 |
10123695 |
11/09/2008 |
105,000,000.00 |
CITIBANK N.A. |
BANDRA KURLA
COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
A46121851 |
|
4 |
10097198 |
22/02/2008 |
22,500,000.00 |
CANARA BANK |
67 DHIRAJ
BUILDING, M G ROAD, KANDIVLI (W), MUMBAI, (NOW SHIFTED TO CANARA BANK
VILEPARLE (E) BR.), MUMBAI, MAHARASHTRA - 400057, INDIA |
A35657113 |
|
5 |
90158337 |
09/03/2004 |
17,500,000.00 |
CANARA BANK |
NEHRU ROAD, VILE
PARLE, MUMBAI, MAHARASHTRA - 400 057, INDIA |
- |
|
6 |
90158235 |
22/09/2003 |
27,500,000.00 |
CANARA BANK |
67;DHIRAJ BUILDING
. MG ROAD; KANDIVLI, VILE PARLE, MUMBAI, MAHARASHTRA - 400067, INDIA |
- |
|
7 |
90157503 |
06/06/2000 |
1,500,000.00 |
CANARA BANK |
67;DHIRAJ
BUILDING . MG ROAD ; KANDIVLI, VILE PARLE, MUMBAI, MAHARASHTRA - 400057,
INDIA |
- |
|
8 |
90158813 |
17/06/2011 * |
259,000,000.00 |
CANARA BANK |
67 DHIRAJ
BUILDING, M G ROAD, KANDIVLI (W), MUMBAI, (NOW SHIFTED TO CANARA BANK VILE
PARLE (E), BR., MUMBAI, MAHARASHTRA - 400057, INDIA |
B16828683 |
|
9 |
90156609 |
28/01/2002 * |
3,160,000.00 |
CANARA BANK |
67;DHIRAJ
BUILDING . MG ROAD ; KANDIVLI, VILE PARLE, MUMBAI, MAHARASHTRA - 400067,
INDIA |
- |
|
10 |
90155062 |
16/06/2011 * |
259,000,000.00 |
CANARA BANK |
67 DHIRAJ BUILDING,
M G ROAD, KANDIVLI (W), MUMBAI, (NOW SHIFTED TO CANARA BANK VILE PARLE (E),
BR., MUMBAI, MAHARASHTRA - 400057, INDIA |
B16828220 |
* Date of charge modification
Fixed assets
·
Plant and Machinery
·
Office and Other Equipments
·
Furniture and Fixtures
·
Computer
·
Vehicles
·
Land
·
Building/Premises
·
Residential Flat
·
Intangible asset
·
Cycle
·
Truck
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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
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 |
|
50 |
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.