1. Summary Information
|
|
|
Country |
India |
|
Company Name |
EFTEC SHROFF
(INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Ulf Peter Niclas Jakobsson |
|
Status |
Moderate |
Principal Name 2 |
Mr. Markus Johann Kremmel |
|
|
|
Registration # |
11-127483 |
|
Street Address |
Plot No.645/
646, Oberoi Chambers – II, 4th and 5th Floor, New Link
Road, Andheri (West), Mumbai-400053, Maharashtra, India |
||
|
Established Date |
30.06.2000 |
SIC Code |
-- |
|
Telephone# |
91-22-26747900 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-26736178/26736193 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Acrylic Coating Chemicals |
|
|
# of employees |
150
(Approximately) |
Product Name 2 |
Preventing Coating Chemicals |
|
Paid up capital |
Rs.
15,000,000/- |
Product Name 3 |
Industrial Coating Chemicals |
|
Shareholders |
Foreign holdings 99.99% Directors or
relatives of Directors 0.01% |
Banking |
ING Vysya Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
India |
Hem-Sil Trading and Manufacturing Private Limited |
NO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
207,327,000 |
Current Liabilities |
128,190,000 |
|
Inventories |
97,048,000 |
Long-term Liabilities |
80,849,000
|
|
Fixed Assets |
243,113,000 |
Other Liabilities |
19,729,000 |
|
Deferred Assets |
000 |
Total Liabilities |
228,768,000 |
|
Invest& other Assets |
12,926,000 |
Retained Earnings |
316,646,000 |
|
|
|
Net Worth |
331,646,000 |
|
Total Assets |
560,414,000 |
Total Liab. & Equity |
560,414,000 |
|
Total Assets (Previous Year) |
562,822,000 |
|
|
|
P/L Statement as of |
31.12.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
848,253,000 |
Net Profit |
31,446,000 |
|
Sales(Previous yr) |
826,039,000 |
Net Profit(Prev.yr) |
86,339,000 |
|
Report Date : |
08.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
EFTEC SHROFF (INDIA) PRIVATE LIMITED (w.e.f. 08.06.2012) |
|
|
|
|
Formerly Known
As : |
EFTEC SHROFF (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
Plot No.645/ 646, Oberoi Chambers – II, 4th and 5th
Floor, New Link Road, Andheri (West), Mumbai-400053, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
30.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-127483 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH2000PLC127483 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME05038F/ PNEE02545E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE7652D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Acrylic Coating Chemicals, Preventing
Coating Chemicals, Industrial Coating Chemicals, Adhesives and Sealants. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financial are not available. As per previous year’s, the performance capability appears to be high.
Financially seems to be strong. Trade relations are reported to be fair.
Business is active. Payments are unknown. The company can be considered for business dealing with slight
caution. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : A- |
|
Rating Explanation |
CRISIL has suspended its rating ‘A-‘due to lack of information. |
|
Date |
November, 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 : |
Plot No.645/ 646, Oberoi Chambers – II, 4th and 5th
Floor, New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-26747900 |
|
Fax No.: |
91-22-26736178 / 26736193/ 26736218 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Plot No.G-9, Ranjangaon, M.I.D.C. Area, Taluka Shirur, Pune-412201,
Maharashtra, India |
|
|
|
|
Factory 2: |
No. E-65, Tarapur Industrial Area, MIDC, Boisar–401506, Maharashtra,
India |
|
Tel No.: |
91-2525-275709 |
DIRECTORS
AS ON 30.06.2012
|
Name : |
Mr. Ulf Peter Niclas Jakobsson |
|
Designation : |
Director |
|
Address : |
Unit 1902, Building 4, Parkview Service Apartment, Changing Road, 888,
200042, |
|
Date of Birth/Age : |
04.08.1965 |
|
Date of Appointment : |
31.03.2007 |
|
DIN No.: |
01461018 |
|
|
|
|
Name : |
Mr. Markus Johann Kremmel |
|
Designation : |
Director |
|
Address : |
Sankt-Antonius-Strabe 26A 6890 Lustenau |
|
Date of Birth/Age : |
09.10.1960 |
|
Date of Appointment : |
31.03.2007 |
|
DIN No.: |
01460881 |
|
|
|
|
Name : |
Mr. Robert August Schwagler |
|
Designation : |
Additional Director |
|
Address : |
Leeweid, 620, 9404, ROR Schacherberg, Switzerland-9404 |
|
Date of Birth/Age : |
01.08.1949 |
|
Date of Appointment : |
18.04.2012 |
|
DIN No.: |
05221064 |
KEY EXECUTIVES
|
Name : |
Mr. Haresh Jaguja |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2012
|
Names of Shareholders |
No. of Shares |
|
Robert August Schwagler |
1 |
|
Heinz Baer |
1 |
|
Jacobsson Niclas Peter |
1 |
|
Seng Check Tee |
1 |
|
Markus Johann Kremmel |
1 |
|
Eftec AG, Switzerland |
765000 |
|
Eftec Asia Pte Limited, Singapore |
734995 |
|
TOTAL |
1500000 |
AS ON 30.06.2012
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Acrylic Coating Chemicals, Preventing
Coating Chemicals, Industrial Coating Chemicals, Adhesives and Sealants. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.12.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Wax Plant |
Tons |
4800 |
2356.93 |
|
PVC Plant |
Tons |
7584 |
6080.75 |
Note: The installed capacities
mentioned above have been determined by the Company’s technical officials and
have been accepted by Auditors without verification, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
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Bankers : |
|
||||||||||||||||||
|
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|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls Finance Centre, S. B.
Marg, Elphinstone (West), Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-23671623 |
|
Fax No.: |
91-22-23671624 |
|
E-Mail : |
|
|
Pan No.: |
AACPP3023C |
|
|
|
|
Holding Company : |
Hem-Sil Trading and Manufacturing Private
Limited CIN
No.: U65944MH1982PTC028087 |
|
|
|
|
Venture in respect of which the Company is an
associate/joint venture : |
EFTEC Asia Pte Limited |
|
|
|
|
Entities having common Control : |
|
|
|
|
|
Entities having significant influence : |
|
CAPITAL STRUCTURE
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000
Millions |
|
|
|
|
|
Note:
Of the above:
1) 764965 Equity shares of Rs. 10 each are held at the yearend by Hem-Sil
Trading and Manufacturing Private Limited, the holding company
2) 764965 Equity shares of Rs. 10 each are issued for consideration other
than cash
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
316.646 |
285.805 |
200.002 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
331.646 |
300.805 |
215.002 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
80.849 |
144.043 |
143.514 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
80.849 |
144.043 |
143.514 |
|
|
DEFERRED TAX LIABILITIES |
9.646 |
9.132 |
0.340 |
|
|
|
|
|
|
|
|
TOTAL |
422.141 |
453.980 |
358.856 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
243.113 |
259.933 |
246.011 |
|
|
Capital work-in-progress |
12.926 |
0.000 |
8.711 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.048
|
108.910
|
49.059
|
|
|
Sundry Debtors |
144.573
|
156.631
|
110.999
|
|
|
Cash & Bank Balances |
10.100
|
9.373
|
9.329
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
52.654
|
27.975
|
28.979
|
|
Total
Current Assets |
304.375
|
302.889 |
198.366 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
96.489
|
70.740
|
64.418 |
|
|
Other Current Liabilities |
31.701
|
33.206
|
22.471
|
|
|
Provisions |
10.083
|
4.896
|
7.343
|
|
Total
Current Liabilities |
138.273
|
108.842 |
94.232 |
|
|
Net Current Assets |
166.102
|
194.047
|
104.134
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
422.141 |
453.980 |
358.856 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales – Manufacturing |
744.127 |
755.793 |
479.448 |
|
|
|
|
104.126 |
70.246 |
46.334 |
|
|
|
Service income |
4.151 |
5.062 |
4.832 |
|
|
|
Other Income |
6.817 |
13.372 |
11.437 |
|
|
|
TOTAL (A) |
859.221 |
844.473 |
542.051 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
520.162 |
457.394 |
274.415 |
|
|
|
Cost of Goods Sold |
94.788 |
71.039 |
43.501 |
|
|
|
Employee Cost |
42.387 |
35.376 |
27.486 |
|
|
|
Operating Expenses |
115.227 |
115.583 |
66.571 |
|
|
|
Transfer From Revaluation Reserve |
(0.606) |
(0.535) |
(0.797) |
|
|
|
TOTAL (B) |
771.958 |
678.857 |
411.176 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
87.263 |
165.616 |
130.875 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.273 |
17.246 |
10.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.990 |
148.370 |
120.007 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.022 |
18.840 |
7.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.968 |
129.530 |
112.339 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.522 |
43.191 |
39.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.446 |
86.339 |
72.953 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
243.011 |
156.672 |
83.719 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
274.457 |
243.011 |
156.672 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service income |
0.000 |
0.312 |
1.192 |
|
|
|
Commission income |
0.000 |
0.000 |
3.200 |
|
|
|
FOB value of exports |
14.367 |
5.921 |
0.988 |
|
|
TOTAL EARNINGS |
14.367 |
6.233 |
5.380 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
142.369 |
162.128 |
69.122 |
|
|
|
Traded Goods |
87.611 |
86.480 |
40.205 |
|
|
|
Capital Goods |
0.517 |
0.648 |
1.864 |
|
|
TOTAL IMPORTS |
230.497 |
249.256 |
111.191 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.96 |
57.56 |
48.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
3.66
|
10.22 |
13.46
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.01
|
15.68 |
21.37
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.31
|
23.01 |
25.28
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.43 |
0.52
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.24
|
0.48 |
0.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20
|
2.78 |
2.11
|
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 |
Yes |
|
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 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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
COMPANY
BACKGROUND:
The Company was
incorporated on 30 June 2000. The Company is in the business of manufacturing and
sales of bonding, coating and sealing adhesives used in the automobile
industry.
PERFORMANCE
The total Net Sales including other income for the year ended 31st
December, 2011 were of the order of Rs. 859.221 Millions as against the Net
Sales of Rs. 844.473 Millions of the previous year thereby showing an increase
of about 1.75% over the previous year.
The profit after depreciation of Rs. 50.968 Millions earned during the
year before tax against the profit of Rs. 129.530 Millions earned in the previous
year thereby showing decrease of about 60.65% over the previous year. The
profit earned after tax amounting to Rs. 31.446 Millions as against the last
year of Rs. 86.339 Millions thereby showing decrease of about 63.57% over the
previous year.
PROJECT
The manufacturing plant located at E-65, MIDC, Tarapur is manufacturing
was based products and plant located at G-9, Ranjangon, MIDC, Pune is
manufacturing PVC and water based products. Both the plants are running
satisfactorily. These products are mainly applied for scaling and bonding for
use in automotive industries.
The Company’s thrust is towards increase in productivity and maintaining
quality and safety by modernization of plants and reducing cost by
rationalization of operations.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25200MH2000PLC127483 |
|
Name of the
company |
EFTEC SHROFF
(INDIA) LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.645/ 646, Oberoi Chambers – II, 4th and 5th Floor, New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10115675 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
ING Vysya Bank Limited, 103/ 104, ‘A’ Wing, I Floor, Floral Deck
Plaza, MIDC Central Road, Andheri (East), Mumbai – 400 093, Maharashtra,
India |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transaction of Creation of Mortgage by Deposit of Title Deeds
By Constructive Delivery. |
|
Date of
instrument Creating the charge |
29.12.2011 |
|
Amount secured by
the charge |
Rs. 170.951
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds in respect of
its immovable properties as stated under item No.15 as security for the due
repayment of dues under the credit facilities aggregating Rs.170.951 Millions
sanctioned by Bank to Company, including principal amount of the Facility,
interest, liquidated damages, costs, charges and expenses etc. Other TL: Rs.10.951
Millions. CC-SIT/ BD:
Rs.123.500 Millions. WCDL: Rs.(90.000)
Millions. ILC/FLC:
Rs.(80.000) Millions. Buyers Credit: Rs.
(80.000) Millions. CC-2 : Rs.6.500
Millions. LC-Materials:
Rs.30.000 Millions. Bank Guarantee:
Rs.(10.000) Millions. Buyers Credit:
Rs.(30.000) Millions. |
|
Short particulars
of the property charged (Including location of the property) |
Property being
Plot No.G-9 including Building and structures to be constructed/already
constructed, Ranjangaon Industrial Area, Village Karegaon, Taluka Shirur,
District Pune. |
|
Date of
instrument modifying the charge |
21.12.2011 |
|
Particulars of the
present modification |
The Charge shall
now stand secured up to Rs. 170.951 Millions against the security of
Immovable property situated at Ranjangaon Industrial Area, Village Karegaon,
Taluka Shirur, District Pune of the Company. |
FIXED ASSETS
·
·
·
·
Plant and Machinery
·
Computers
·
Office Equipment
·
Furniture and Fixtures
·
Vehicles
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 records 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. 53.14 |
|
|
1 |
Rs. 83.27 |
|
Euro |
1 |
Rs. 71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
36 |
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.