. Summary Information
|
|
|
Country |
|
|
Company Name |
POLYHOSE INDIA PRIVATE
LIMITED |
Principal Name 1 |
Mr. Shabbir
Yusufbhai Jamnagarwala |
|
Status |
Good |
Principal Name 2 |
Mrs. Nirmal Ramarathinam |
|
|
|
Registration # |
18-034257 |
|
Street Address |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Madras 10 High Road, Chennai – 600010, Tamilnadu |
||
|
Established Date |
24.01.1996 |
SIC Code |
-- |
|
Telephone# |
91-44-26412830 / 26428093 / 26428116 /
26430052 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-44-26428093/ 25325593 |
Business Style 2 |
Exporting |
|
Homepage |
Product Name 1 |
High Pressure Thermoplastic |
|
|
# of employees |
Not Available |
Product Name 2 |
Synthetic Rubber |
|
Paid up capital |
Rs.
5000000/- |
Product Name 3 |
Industrial Hoses and PVC Hoses |
|
Shareholders |
Bodies corporate (13.79%) Directors or relatives of directors (86.21%) |
Banking |
Canara Bank |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
A
(58) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Subsidiaries
|
-- |
Exit Flex and Associates |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
531,133,000 |
Current Liabilities |
128,620,000 |
|
Inventories |
139,615,000 |
Long-term Liabilities |
135,630,000 |
|
Fixed Assets |
497,928,000 |
Other Liabilities |
97,069,000 |
|
Deferred Assets |
000 |
Total Liabilities |
361,319,000 |
|
Invest & other Assets |
183,163,000 |
Retained Earnings |
985,520,000 |
|
|
|
Net Worth |
990,520,000 |
|
Total Assets |
1,351,839,000 |
Total Liab. & Equity |
1,351,839,000 |
|
Total Assets (Previous Year) |
1,043,982,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
995,839,000 |
Net Profit |
145,770,000 |
|
Sales(Previous yr) |
655,963,000 |
Net Profit(Prev.yr) |
138,943,000 |
MIRA
INFORM REPORT
|
Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
POLYHOSE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Madras 10 High Road, Chennai – 600010, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.01.1996 |
|
|
|
|
Com. Reg. No.: |
18-034257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209TN1996PTC034257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP02253G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAPY0428N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in Manufacturing and Exporting of High Pressure
Thermoplastic, Synthetic Rubber, Industrial Hoses and PVC Hoses. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a good track record. The
management have failed to file its latest financial with the government
department. As per previous year’s, the company’s performance capacity seems to be
good. Financially it seems to be strong. Liquidity position of the company is
good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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 : |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Madras 10 High Road, Chennai – 600010, Tamilnadu |
|
Tel. No.: |
91-44-26412830 / 26428093 / 26428116 /
26430052 |
|
Fax No.: |
91-44-26428093/ 25325593 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
1/119,
Kelambakkam - |
|
Tel. No.: |
91-44-26412830 |
|
Fax No.: |
91-44-25325593 |
|
Area : |
12000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
|
|
Area : |
54000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. Shabbir
Yusufbhai Jamnagarwala |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Basera
Apartments, Flat No. 2C 46, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.04.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.01.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00958177 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ali Asger Shamsuddin Jamnagarwala |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 4, Old No.163, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.11.1979 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.1998 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01345230 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yousulf Ali Jamnagarawalla Shamsuddin |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
163, Old 4, New
Santhome High Road, Mylapore, Chennai – 600041, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.07.1952 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.01.1996 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01755659 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Nirmal Ramarathinam |
|
Designation : |
Director |
|
Address : |
La |
|
Date of Birth/Age : |
29.03.1962 |
|
Date of Appointment : |
30.06.1996 |
|
DIN No.: |
02809631 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
No. of Shares |
|
Y. J. Shabbir |
23525 |
|
Y. J. Shamsuddin |
3500 |
|
Y. J. Bakir |
1800 |
|
Y. J. Abbas |
1800 |
|
Ali Asger Shamshuddin |
1500 |
|
S. Fakruddin |
500 |
|
Sakina Yousufali and Y. J. Shabbir |
2100 |
|
Fathima Bai |
1000 |
|
Hasina Bai |
3000 |
|
Fathima Shabbir |
1400 |
|
Nafisa Shabbir |
9875 |
|
Total |
50000 |
(AS ON 30.09.2011)
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
13.79 |
|
Directors or relatives of directors |
|
86.21 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Manufacturing and Exporting of High Pressure
Thermoplastic, Synthetic Rubber, Industrial Hoses and PVC Hoses. |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Hoses |
In Metres |
-- |
17430000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Somasundaram and Sivaraman Chartered Accountant |
|
Address : |
10E, Karthick Apartments, 46, |
|
PAN NO.: |
AASPS4961Q |
|
|
|
|
Associates: |
Polyhose India Rubber Private Limited |
|
|
|
|
Subsidiaries : |
CIN
No.: U31300MH1988PTC048980
CIN No.:
U24131TN1961PLC004560
CIN No.:
U24134TN2007PTC062123 |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
985.520 |
874.733 |
735.790 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
990.520 |
879.733 |
740.790 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
135.525 |
27.358 |
16.755 |
|
|
2] Unsecured Loans |
0.105 |
6.505 |
0.000 |
|
|
TOTAL BORROWING |
135.630 |
33.863 |
16.755 |
|
|
DEFERRED TAX LIABILITIES |
47.569 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1173.719 |
913.596 |
757.545 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
497.928 |
334.033 |
299.832 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
183.163 |
176.326 |
49.826 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
139.615
|
80.306
|
85.821
|
|
|
Sundry Debtors |
272.715
|
215.603
|
111.206
|
|
|
Cash & Bank Balances |
65.510
|
115.501
|
213.009
|
|
|
Other Current Assets |
0.000
|
18.501
|
18.460
|
|
|
Loans & Advances |
192.908
|
103.712
|
68.312
|
|
Total
Current Assets |
670.748
|
533.623
|
496.808
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
128.620
|
101.938
|
67.041
|
|
|
Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
49.500
|
28.448
|
21.880
|
|
Total
Current Liabilities |
178.120
|
130.386
|
88.921
|
|
|
Net Current Assets |
492.628
|
403.237
|
407.887
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1173.719 |
913.596 |
757.545 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
995.839 |
655.963 |
637.375 |
|
|
|
Other Income |
|
17.046 |
19.619 |
|
|
|
TOTAL (A) |
995.839 |
673.009 |
656.994 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
472.902 |
434.055 |
|
|
|
Administrative Expenses |
753.000 |
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
753.000 |
472.902 |
434.055 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
200.107 |
222.939 |
|
|
|
|
(Including |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
Financial |
1.033 |
1.325 |
|
|
|
|
Expenses and
Depreciation) |
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
199.074 |
221.614 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
31.683 |
28.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
242.839 |
167.391 |
193.114 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
97.069 |
28.448 |
21.880 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
145.770 |
138.943 |
171.234 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
856.141 |
717.198 |
545.964 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1001.911 |
856.141 |
717.198 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
679.044 |
466.213 |
510.516 |
|
|
TOTAL EARNINGS |
679.044 |
466.213 |
510.516 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2915.40 |
2778.86 |
3424.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
14.64
|
20.64
|
26.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
25.52
|
30.30
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.78
|
19.29
|
24.24
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.19
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.36
|
0.19
|
0.14
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.77
|
4.09
|
5.59
|
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 |
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25209TN1996PTC034257 |
|
Name of the
company |
POLYHOSE INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Alsa Towers, Commercial Block 4, Basement 186/187, Poonamallee High
Road, Kilpauk, Madras 10 High Road, Chennai – 600010, Tamilnadu, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Canara Bank,
Overseas Branch, No. 770 A, Anna Salai, Chennai – 600002, Tamil Email: managercb1826@canarabank.com |
|
Nature of
description of the instrument creating or modifying the charge |
1. Sanction
Memorandum 2. Common
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
14.07.2011 |
|
Amount secured by
the charge |
Rs. 200.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PC-FDB-FBE
-10.50% PCFC/BRD - 2% over the respective libor OCC/ODBD - 11.50%
p.a. Terms of Repayment As per sanction
letter Margin PC/PCFC - 25%
FDB/FBE/BRD - NIL OCC/ODBD - 25% ILC/FLC(DA/DP) -
5% Extent and Operation of the charge PC/PCFC/FDB/FBE/BRD
- Hypothecation of stock meant for exports and export receivables OCC/ODBD -
Hypothecation of stock and book debts (LOCAL) ILC/FLC(DA/DP) -
Hypothecation of goods to be procured out of LC |
|
Short particulars
of the property charged |
·
PC/PCFC/FDB/FBE/BRD
- Hypothecation of stock meant for exports and export receivables ·
OCC/ODBD
- Hypothecation of stock and book debts (LOCAL) ·
ILC/FLC(DA/DP)
- Hypothecation of goods to be procured out of LC |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Unsecured Loan Others |
0.105 |
6.505 |
|
Total |
0.105 |
6.505 |
FIXED ASSETS
- Land
- Road and
Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- Office Equipments
AS PER WEB DETAILS
PROFILE
Subject, an ISO 9001-2000 company, is a well known name in
the global arena as a world class manufacturer of Hydraulic, Thermoplastic,
P.T.F.E and Industrial hoses and tubings. Polyhose was incorporated in 1997 with
technical know-how from
Subject, has a state of the art Rubber Hydraulic and
Industrial Hose Plant, ISO 9001-2000 and ISO/TS 16949:2002 Certified in the
Subject, is a 100% EOU and regularly exports its products to international
customers in Eurpoe, Asia,
Subject, in addition to the attached products produces several speciality products like grease hose, beverage dispensing hose, CO2 hose, etc.
Subject, with the infrastructure, now looks forward to be associated with dynamic organizations who are in continuous search for new development in the field of Industrial, Automobile, Hydraulic and Pneumatic applications with the aim to establish cost effective and high quality hoses for hydraulic power transmission.
In short Subject, is committed to provide optimum quality at an unbeatable price through its network of dealers.
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. 54.54 |
|
|
1 |
Rs. 88.05 |
|
Euro |
1 |
Rs. 72.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.