|
Report Date : |
02.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SENOR METALS PRIVATE LIMITED |
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Registered
Office : |
Plot No.353, GIDC Phase – II, Near Dared Village, Jamnagar – 361005,
Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
22.05.1996 |
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Com. Reg. No.: |
04-029709 |
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Capital
Investment / Paid-up Capital : |
Rs. 13.100 Millions |
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CIN No.: [Company Identification
No.] |
U65910GJ1996PTC029709 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTS01204A |
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PAN No.: [Permanent Account No.] |
AACCS9863J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Brass and Copper Extrusion and
Components. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 824000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of credit – Short term scale : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
August 2, 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit facility – Long term scale : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
August 2, 2011 |
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.353, GIDC Phase – II, Near Dared Village, Jamnagar – 361005,
Gujarat, India |
|
Tel. No.: |
91-288-2730251 / 2730252 /
2730253 |
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Mobile No.: |
91-9374833489 |
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Fax No.: |
91-288-2730254 |
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E-Mail : |
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Website : |
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Area : |
50000 sq ft |
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Location : |
Owned |
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Marketing Office : |
305, Sanna – II, |
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Tel. No.: |
91-79-26937452 / 53, 40066178 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rasiklal Chunilal Shah |
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Designation : |
Director |
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Address : |
Plot No. 18, Opposite Swastik Garden, Swastik Society, Jamnagar –
361005, Gujarat, India |
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Date of Birth/Age : |
24.10.1941 |
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Qualification : |
B.A., B.Com |
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Date of Appointment : |
22.05.1996 |
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PAN No.: |
AFNPS7432J |
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DIN No.: |
00231253 |
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Name : |
Mr. Atul Rasiklal Shah |
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Designation : |
Director |
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|
Address : |
Plot No. 18, Opposite Swastik Garden, Swastik Society, Jamnagar – 361005,
Gujarat, India |
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Date of Birth/Age : |
21.08.1970 |
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Qualification : |
B.E. Electrical |
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Date of Appointment : |
22.05.1996 |
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PAN No.: |
AFHPS5913G |
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DIN No.: |
00231333 |
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Other Directorship : |
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Name : |
Mr. Hiteshkumar Poonamchandbhai Shah |
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Designation : |
Additional director |
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Address : |
3, Kamdar Colony, Petharaj Raishi Marg, Jamnagar – 361006, Gujarat,
India |
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Date of Birth/Age : |
02.10.1972 |
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Date of Appointment : |
01.10.2009 |
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PAN No.: |
AGNPS8714L |
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DIN No.: |
02739221 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shah Rasiklal Atul Jointly With Mira Atul |
|
460500 |
|
Shah Chunilal Rasik Jointly With Shantaben Rasiklal |
|
242000 |
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Shah Rasik Shantaben Jointly With Rasiklal Shah |
|
40000 |
|
Shah Rasiklal C (HUF) |
|
261710 |
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Gudhakka Anup Varsha Jointly With Anup Gudhakka |
|
4000 |
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Shah Hitesh Nisha Jointly With Hitesh Shah |
|
4000 |
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Dhanani Nemchand Maniben Jointly With Nemchand Dhanani |
|
113900 |
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Shah Premchand Chandrakant Jointly With Vijaya Chandrakant |
|
60000 |
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Shah Chandrakant Vijaya Jointly With Shah Chandrakant |
|
53890 |
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Shah Atul (HUF) |
|
64000 |
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Shah Atul Mira Jointly With Shah Atul |
|
6000 |
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Total |
|
1310000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.00 |
|
Directors
or relatives of directors |
|
83.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Brass and Copper Extrusion and
Components. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
ING Vysya Bank Limited, Shop No. 2, Kuber Complex, Park Colony Main
Road, Near Joggers Park, Jamnagar – 361008, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Maharishi and Company Chartered Accountants |
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Address : |
“Aparna”, Behind Jeevandeep Hospital, Off Indira Road, Limda Line,
Jamnagar – 361001, Gujarat, India |
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Tel. No.: |
91-288-2665023/ 2665024/ 2662637 |
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Fax No.: |
91-288-2661612 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAPFM6568E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1310000 |
Equity Shares |
Rs. 10/- each |
Rs. 13.100
Millions |
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|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13.100 |
13.100 |
13.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
192.979 |
154.422 |
139.890 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
206.079 |
167.522 |
152.990 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
139.357 |
116.214 |
96.335 |
|
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2] Unsecured Loans |
78.334 |
85.068 |
51.826 |
|
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TOTAL BORROWING |
217.691 |
201.282 |
148.161 |
|
|
DEFERRED TAX LIABILITIES |
7.531 |
8.528 |
9.436 |
|
|
|
|
|
|
|
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TOTAL |
431.301 |
377.332 |
310.587 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
92.750 |
99.776 |
104.169 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.424 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.039 |
0.039 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
184.194
|
130.913 |
100.847 |
|
|
Sundry Debtors |
126.671
|
143.624 |
104.584 |
|
|
Cash & Bank Balances |
6.928
|
7.899 |
0.461 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
41.602
|
21.614 |
11.659 |
|
Total
Current Assets |
359.395
|
304.050 |
217.551 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.343
|
11.457 |
1.405 |
|
|
Other Current Liabilities |
3.055
|
6.291 |
1.057 |
|
|
Provisions |
11.446
|
8.785 |
9.134 |
|
Total
Current Liabilities |
20.844
|
26.533 |
11.596 |
|
|
Net Current Assets |
338.551
|
277.517 |
205.955 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
431.301 |
377.332 |
310.587 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1285.800 |
1054.148 |
766.725 |
|
|
|
Other Income |
3.200 |
27.994 |
20.411 |
|
|
|
TOTAL (A) |
1289.000 |
1082.142 |
787.136 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1126.000 |
914.632 |
662.929 |
|
|
|
Changes in inventories of finished goods work in progress |
(16.200) |
0.000 |
0.000 |
|
|
|
Employee benefit Expenses |
37.400 |
37.616 |
14.326 |
|
|
|
Other Expenses |
49.200 |
75.041 |
55.564 |
|
|
|
TOTAL (B) |
1196.400 |
1027.289 |
732.819 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
92.600 |
54.853 |
54.317 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.500 |
16.329 |
14.232 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.100 |
38.524 |
40.085 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.000 |
12.698 |
15.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
61.100 |
25.826 |
24.872 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.300 |
9.010 |
8.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
40.800 |
16.816 |
15.996 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
143.716 |
130.025 |
117.120 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.042 |
0.841 |
0.800 |
|
|
|
Dividend |
1.965 |
1.965 |
0.000 |
|
|
|
Tax on Dividend |
0.319 |
0.319 |
2.291 |
|
|
BALANCE CARRIED TO
THE B/S |
180.190 |
143.716 |
130.025 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
70.485 |
NA |
2.790 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials – Brass scrap for Manufacturer |
NA |
NA |
83.238 |
|
|
|
High Seas Purchase / Brass Scrap |
NA |
NA |
84.778 |
|
|
TOTAL IMPORTS |
NA |
NA |
168.016 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.15 |
12.84 |
12.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.17
|
1.55
|
2.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.75
|
2.45
|
3.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.51
|
6.40
|
7.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.15
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.16
|
1.36
|
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
17.24
|
11.46
|
18.76 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U65910GJ1996PTC029709 |
|
Name of the
company |
SENOR METALS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.353, GIDC Phase – II, Near Dared Village, Jamnagar – 361005,
Gujarat, India Email: info@jainandmaharishi.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10323437 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
ING Vysya Bank Limited, Shop No. 2, Kuber Complex, Park Colony Main
Road, Near Joggers Park, Jamnagar – 361008, Gujarat, India Email: vlaxman@vnsl.com CIN No.: L85110KA1930PLC000124 |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum Recording Past Transaction of Creation of Mortgage by Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
01.03.2012 |
|
Amount secured by
the charge |
Rs. 185.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest OD-SIT/BD and TL
: IVBR+1.55% p.a. (Present IVBR being 10.45% p.a.) (PCL/PCFC),
(PSL/EBRD), (LCBD-Export) : IVBR+1.05% p.a. (Present IVBR being 10.45% p.a.) Terms of Repayment OD-SIT/BD, WCDL,
(PCL/PCFC), (PSL/EBRD), (LCBD-Export), ILC/FLC, (BC), (BG), LC/BG, LEF : Loan
Shall Repayable on demand. TL : Repayable in
36 monthly equal installments of @ INR 0.555 Million. Margin OD-SIT/BD : 25%
against Raw materials, Work in Process, Finished Goods & 40% against 40%. (PCL/PCFC), (BC)
: 10%. (PSL/EBRD),
(LCBD-Export), LEF : Nil. ILC/FLC, (BG) :
10% Cash margin with due noting of lien. LC/BG : 25% Cash
margin with due noting of lien. Extent and Operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds (by
constructive delivery) 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.185.000 Millions by Bank to Company, including
principal amount of the Facility, interest, liquidated damages, costs,
charges and expenses etc. Others 1) OD-SIT/BD :
Rs.160.000 Millions. 2) WCDL :
Rs.(75.000) Millions. 3) PCL/PCFC :
Rs.(50.000) Millions. 4)
PSL/EBRD : Rs.(50.000) Millions. 5) LCBD-Export :
Rs.(50.000) Millions. 6) ILC/FLC :
Rs.(90.000) Millions. 7) BC :
Rs.(90.000) Millions.
8) BG : Rs.(5.000) Millions. 9) TL : Rs.20.000
Millions. 10)
LC/BC : Rs.(20.000) Millions. 11) LEF :
Rs.5.000 Millions. |
|
Short particulars
of the property charged |
Factory Building
Construction on land of Plot no.353 containing by admeasurements of about
3877.95 sq.mt. of Jamnagar II Industrial Estate situated within revenue
survey no.1181 of Jamnagar. Factory Building
Construction on land of Plot no.3872 to 3875 collectively containing by admeasurements
of about 11573.59 sq.mt. of Jamnagar III Industrial Estate having revenue
survey no.10/P and 11/P within the village of Dared of Jamnagar. |
|
Particulars of
the present modification |
The Company created
a mortgage by deposit of title deeds in respect of its immovable properties
being lying and situated at Jamnagar as further security for repayment of
monies due and payable under credit facilities of Rs.185.000 Millions
sanctioned by the Bank to the Company. |
CONTINGENT
LIABILITIES:
Claims against company not acknowledged as debt is Rs. 14.731 Millions
FIXED ASSETS:
Ø
GIDC II Plot
Ø
GIDC III Plot
Ø
Land at Village Satapar
Ø
Ø
Ø
Plant and Machinery
Ø
Dies
Ø
Electric Installation
Ø
Generator
Ø
Furniture and Fixture
Ø
Data Processing Machine
Ø
Vehicles
Ø
Car
Ø Wind Farm
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.83 |
|
|
1 |
Rs. 89.23 |
|
Euro |
1 |
Rs. 72.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.