. Summary Information
|
|
|
Country |
|
|
Company Name |
Vin Biotech Systems Limited |
Principal Name 1 |
Dr. Jayalkshmi Viswanathan |
|
Status |
Small Company |
Principal Name 2 |
Vinodhini Shanmugam |
|
|
|
Registration # |
18-030366 |
|
Street Address |
No. 2, 2nd |
||
|
Established Date |
02.03.1995 |
SIC Code |
-- |
|
Telephone# |
91-44-64562736/ 64562737 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-22391239 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Fetal
|
|
|
# of employees |
Not Available |
Product Name 2 |
Doppler |
|
Paid up capital |
RS.
2,393,400/- |
Product Name 3 |
Fetal
Heart Rate |
|
Shareholders |
Directors or relatives of directors
(82.92%) Other top fifty shareholders(17.08%) |
Banking |
UCO Bank |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
7,673,000 |
Current Liabilities |
1,187,000 |
|
Inventories |
4,189,000 |
Long-term Liabilities |
7,374,000 |
|
Fixed Assets |
2,524,000 |
Other Liabilities |
849,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
9,410,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
2,583,000 |
|
|
|
Net Worth |
4,976,000 |
|
Total Assets |
14,386,000 |
Total Liab. & Equity |
14,386,000 |
|
Total Assets (Previous Year) |
13,593,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
22,484,000 |
Net Profit |
907,000 |
|
Sales(Previous yr) |
23,876,000 |
Net Profit(Prev.yr) |
986,000 |
|
Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIN BIOTECH SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
No. 2, 2nd Cross Street, M. E. S. Road, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.03.1995 |
|
|
|
|
Com. Reg. No.: |
18-030366 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.393 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24294TN1995PLC030366 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEV05066F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Supplier of Fetal, Doppler, Fetal Heart Rate and Heart Rate Monitor. |
|
|
|
|
No. of Employees
: |
Not Available |
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 10000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings 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 |
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 : |
No. 2, 2nd Cross Street, M. E. S. Road, East Tambaram,
Chennai – 600059, Tamilnadu, India |
|
Tel. No.: |
91-44-64562736/ 64562737 |
|
Fax No.: |
91-44-22391239 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
No. 1/538 (Old No. 1/462), Muthamizil Nagar, Hills Colony, Vandalur,
Chennai-600048, Tamilnadu, India |
|
Tel. No.: |
91-44-65462737/64562736 |
|
Fax No.: |
91-44-22391281/22391239 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Dr. Jayalkshmi Viswanathan |
|
Designation : |
Whole Time Director |
|
Address : |
No. 2, IInd Cross Street, MES
Road, Tambaram East, Chennai – 600059, Tamilnadu, India |
|
Date of Birth/Age : |
10.05.1958 |
|
Date of Appointment : |
01.01.2007 |
|
DIN No.: |
01676006 |
|
|
|
|
Name : |
Vinodhini Shanmugam |
|
Designation : |
Whole Time Director |
|
Address : |
No. 2, IInd Cross Street, MES
Road, Tambaram East, Chennai – 600059, Tamilnadu, India |
|
Date of Birth/Age : |
15.05.1987 |
|
Date of Appointment : |
30.10.2009 |
|
DIN No.: |
02532208 |
|
|
|
|
Name : |
Shani Pavanasam Pillai |
|
Designation : |
Managing director |
|
Address : |
No. 2, IInd Cross Street, MES Road,
Tambaram East, Chennai – 600059, Tamilnadu, India |
|
Date of Birth/Age : |
08.01.1986 |
|
Date of Appointment : |
01.11.2010 |
|
DIN No.: |
01880477 |
KEY EXECUTIVES
|
Name : |
M. Damodaran and Associates |
|
Designation : |
Practicing Company Secretary |
|
Address : |
New No. 109, Old No. 57, Kamalam’s Park, 2nd Floor, R. K.
Mutt Road, Mandaveli, Chennai – 600028, Tamilnadu, India |
|
Tel No.: |
91-44-42102612/ 4202614 |
|
Email: |
|
|
Qualification : |
B. Com, F. C. S, L. L. B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of
Shareholders |
|
No. of Shares |
|
Ajeet
Singh R |
|
100 |
|
Alagu
Subbiah. M |
|
100 |
|
Arjun
Singh. A |
|
100 |
|
Arumugam.
S |
|
1000 |
|
Champalal.
J |
|
300 |
|
Devendra kumar Gandhi |
|
2000 |
|
Ganesh. P |
|
2850 |
|
Ganeshlal.K.Jain |
|
1000 |
|
Gurunathan.
T |
|
1000 |
|
Hemavathi.
G |
|
1600 |
|
Jayalakshmi.
V |
|
103100 |
|
Jayalakshmi.
V |
|
200 |
|
Jayalakshmi.
N |
|
500 |
|
Jayaraman.P |
|
4960 |
|
Jignesh
Parikh |
|
200 |
|
Kantilal
Jain.K |
|
1000 |
|
Kothandaraman.
K |
|
100 |
|
Kumar.
K |
|
3100 |
|
Lakshmanan.
K |
|
500 |
|
Malar
Selvam |
|
200 |
|
Mercy
Lilly Angel Nelson |
|
100 |
|
Padmavathi.
P |
|
100 |
|
Rajam.
P |
|
3130 |
|
Rajasekaran.
K |
|
500 |
|
Rajkumar.
P |
|
3540 |
|
Ramanlal
Jain. C |
|
500 |
|
Ramaswamy.
K. |
|
100 |
|
Ramdoss.
V. |
|
1000 |
|
Rani.B |
|
500 |
|
Ravi.
R |
|
300 |
|
Ravikumar.
J |
|
1000 |
|
Sankaranpandian.S |
|
100 |
|
Sankarapandian.V.
|
|
3450 |
|
Sankarapandian.
S |
|
1000 |
|
Geetha
Ravichandran |
|
100 |
|
Sashi
Jain. V |
|
100 |
|
Satyadevi.
A |
|
2000 |
|
Senthil
Karthik |
|
1000 |
|
Shani.
P |
|
80670 |
|
Shree
Kumar David |
|
300 |
|
Sivagami |
|
100 |
|
Sunandha.
T.V |
|
500 |
|
Sunder.
A |
|
820 |
|
Thambi.O.G |
|
100 |
|
Udaya
kumar. M |
|
1600 |
|
Uma.
S. |
|
1800 |
|
Vadivel
Achary |
|
100 |
|
Vanaja
Jasmine Wilson |
|
500 |
|
Veena
Devendra Gandhi |
|
1000 |
|
Vipul
C. Jain |
|
200 |
|
Virendra
Kumar Jain. H |
|
300 |
|
Viswanathan.
S |
|
100 |
|
Wadi
Bal |
|
300 |
|
Viswanath
Praveen |
|
8520 |
|
Total |
|
239340 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
82.92 |
|
Other top fifty shareholders |
17.08 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Supplier of Fetal, Doppler, Fetal Heart Rate and Heart Rate Monitor. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
· City Union Bank Limited, Tambaram Branch, No.24/38, Rajaji Salai, Tambaram (West), Chennai - 600045, Tamil Nadu, India · UCO Bank - Selaiyur Branch, 3/151l, Velachery Road, East Tambaram, Chennai-600059, Tamilnadu, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Venkata Satishkumar and Associates Chartered Accountant |
|
Address : |
S-11 SSR Pankajam Enclave, II Floor, No. 24, Arunchalam Road,
Saligramam, Chennai – 600093, Tamilnadu, India |
|
Tel. No.: |
91-44-23761430 |
|
Mobile No.: |
91-9841288873 |
|
E-Mail : |
|
|
PAN.: |
AKRPS5780L |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
239340 |
Equity Shares |
Rs.10/- each |
Rs. 2.393
Millions |
|
|
|
|
|
Reconciliation of the
number of shares and amount outstanding at the beginning and at the end of the
reporting period:
|
Shares outstanding as at 1st April 2011 / 1st April 2010 |
239340 |
|
Issued during the year 2011-2012 / 2010-2011 |
- |
|
Shares outstanding as at 31st March 20l2/31st March 2011 |
239340 |
The rights,
preferences, and restrictions attaching to each class of shares including
restrictions on the distribution of dividends and the repayment of capital
The Company has only one class of Equity Shares having par value of Rs. 10 per share. Each holder of equity share is entitled vote. The dividend, if any, proposed by the Board is subject to the approval of the alders in ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaing assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Details of shares
held by each shareholder holding more than 5% shares:
|
Equity shares with voting rights |
|
|
P. Shani |
80670 |
|
Dr. V. Jayalakshmi |
103100 |
|
Number of Shares |
183770 |
|
% holding in that class of shares |
78.78% |
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 |
2.393 |
2.393 |
2.393 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.583 |
2.008 |
1.357 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.976 |
4.401 |
3.750 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.199 |
4.873 |
3.845 |
|
|
2] Unsecured Loans |
1.175 |
0.960 |
0.472 |
|
|
TOTAL BORROWING |
7.374 |
5.833 |
4.317 |
|
|
DEFERRED TAX LIABILITIES |
0.126 |
0.108 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.476 |
10.342 |
8.067 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.524 |
2.212 |
0.788 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.189
|
4.175
|
2.865
|
|
|
Sundry Debtors |
4.384
|
4.084
|
2.890
|
|
|
Cash & Bank Balances |
1.803
|
0.509
|
0.488
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
1.486
|
2.613
|
3.947
|
|
Total
Current Assets |
11.862
|
11.381
|
10.190
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.015
|
0.203
|
1.488
|
|
|
Other Current Liabilities |
1.172
|
2.281
|
0.534
|
|
|
Provisions |
0.723
|
0.767
|
0.889
|
|
Total
Current Liabilities |
1.910
|
3.251
|
2.911
|
|
|
Net Current Assets |
9.952
|
8.130
|
7.279
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.476 |
10.342 |
8.067 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
22.484 |
23.876 |
20.471 |
|
|
|
Other Income |
0.202 |
0.146 |
0.106 |
|
|
|
TOTAL (A) |
22.686 |
24.022 |
20.577 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
- |
- |
13.439 |
|
|
|
Cost of materials consumed |
16.438 |
17.693 |
- |
|
|
|
Employees cost and Benefits |
1.131 |
1.081 |
1.047 |
|
|
|
Administrative Expenses |
- |
0.000 |
2.177 |
|
|
|
Marketing and Selling Expenses |
- |
0.000 |
2.083 |
|
|
|
Directors’s Remuneration |
0.720 |
0.514 |
- |
|
|
|
Other
Expenses |
1.865 |
2.275 |
- |
|
|
|
TOTAL (B) |
20.154 |
21.563 |
18.746 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.532 |
2.459 |
1.831 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.922 |
0.798 |
0.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.610 |
1.661 |
1.476 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.294 |
0.228 |
0.154 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.316 |
1.433 |
1.322 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.408 |
0.447 |
0.431 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
0.907 |
0.986 |
0.891 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.714 |
0.728 |
0.233 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.060 |
|
|
|
Proposed Dividend |
0.000 |
0.000 |
0.287 |
|
|
|
Dividend Tax |
0.000 |
0.000 |
0.049 |
|
|
BALANCE CARRIED
TO THE B/S |
2.621 |
1.714 |
0.728 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.143 |
0.144 |
0.103 |
|
|
TOTAL EARNINGS |
0.143 |
0.144 |
0.103 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchases |
NA |
16.833 |
NA |
|
|
TOTAL IMPORTS |
NA |
16.833 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.80 |
4.12 |
3.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.00
|
4.11
|
4.33
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.85
|
6.00
|
6.46
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.15
|
10.54
|
12.042
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.33
|
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.86
|
2.06
|
1.93
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.21
|
3.50
|
3.50
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
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
|
This form is for |
Creation of charge |
|
Corporate
identity number of the company |
U24294TN1995PLC030366 |
|
Name of the
company |
VIN BIOTECH
SYSTEMS LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 2, 2nd Cross Street, M. E. S. Road, East Tambaram,
Chennai – 600059, Tamilnadu, India |
|
Type of charge |
· Book debts · Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
City Union Bank Limited, Tambaram Branch, No.24/38, Rajaji Salai, Tambaram (West), Chennai - 600045, Tamil Nadu, India |
|
Nature of description
of the instrument creating or modifying the charge |
Agreement of Loan
- Cum - Hypothecation in F.No.259 dated 11.01.2012 |
|
Date of
instrument Creating the charge |
11.01.2012 |
|
Amount secured by
the charge |
Rs. 12.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest OLCC (Rs.7.500
Millions) : Interest @ 13.75% p.a. Letter of Credit
(Rs.2.500 Millions) ]: Commission @
3.00% p.a. Bank Guarantee
(Rs.2.500 Millions) ] Base Rate: 10.75%
p.a. Terms of Repayment LCC (Rs.7.0500
Millions) ] Letter of Credit
(Rs.2.500 Millions) ]: Repayable on
Demand. However, the limit is available for a period of One Year Bank Guarantee
(Rs.2.500 Millions) ] Margin Stocks : 25% Book Debts,
Receivables : 25% Deposit Margin
for LC and BG : 15% Cover Period for
Book Debts, Receivables : Six Months Extent and
operation of the charge Charge on the Company's : (i) Goods, produce, merchandise, stocks in all forms (raw materials, semi-finished and finished goods) stored or to be stored from time to time at No.2, II Cross Street, MES Road, Tambaram East, Chennai - 59, (ii) All Book Debts and Receivables not below six months, other claims of the Company both existing and future, shall operate as Security till the complete closure of the Overall Credit Limit of Rs.12.500 Millions, together with interests, costs, charges and other expenses. Others The Overall
Credit Limit of Rs.12.500 Millions consists of : OLCC : Rs.7.500
Millions Letter of Credit
(Foreign) : Rs.2.500 Millions Bank
Guarantee : Rs.2.500
Millions |
|
Short particulars
of the property charged |
Company's : (i) Goods,
produce, merchandise, stocks in all forms (raw materials, semi-finished and
finished goods) stored or to be stored from time to time at No.2, II Cross
Street, MES Road, Tambaram East, Chennai -
59, and (ii) All Book
Debts and Receivables not below six months, other claims of the Company both
existing and future |
(Rs. In Millions)
|
Unsecured Loan |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Director Loan |
1.175 |
0.960 |
|
Total |
1.175 |
0.960 |
FIXED ASSETS
· Vacant Land
· Furniture and Fitting
· Plant and Machinery
· Air Conditioner
· Office Equipments
· Computer
· Pager
· Tools and Dies
· Cycle
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 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. 87.69 |
|
Euro |
1 |
Rs. 72.85 |
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 |
NO |
|
--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.