|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-408, Flat No D/1, Ground Floor, Sri Krishna Apartments, Road No.6,
Banjara Hills, Hyderabad-500034, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.08.2007 |
|
|
|
|
Com. Reg. No.: |
01-055262 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.295 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102AP2007PTC055262 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Builders and Developers |
|
|
|
|
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 510000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated in 2007, it started its core
business activity from 2011. It is having a moderate track record. In its
first year of business operation the company has performed well. The net worth of the company seems to be good. However, the market condition is unfavorable for real estate sector. 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 some caution. Note: Current year profit and loss account is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
8-2-408, Flat No D/1, Ground Floor, Sri Krishna Apartments, Road No.6,
Banjara Hills, Hyderabad-500034, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23351604 |
|
Fax No.: |
91-40-23351602 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bijaykumar Mandhani |
|
Designation : |
Director |
|
Address : |
6-3-856/A, Green Lands, Sadat Manzil Colony, Ameerpet,
Hyderabad-500016, Andhra Pradesh, India
|
|
Date of Birth/Age : |
27.03.1959 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
00543942 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U63040AP1992PTC013775 |
MANDHANI
CARRIERS PRIVATE LIMITED |
Director |
29-01-92 |
29-01-92 |
16-11-10 |
Active |
NO |
|
2 |
U23209AP1992PLC013774 |
MAHESWARI
BROTHERS COAL LIMITED |
Director |
29-01-92 |
29-01-92 |
26-10-10 |
Active |
NO |
|
3 |
U65910AP1996PLC024390 |
MAHESWARI
FINSTOCK LIMITED |
Director |
19-06-96 |
19-06-96 |
- |
Active |
NO |
|
4 |
U65990AP1996PLC024394 |
MANDHANI
SECURITIES LIMITED |
Director |
20-06-96 |
20-06-96 |
- |
Active |
|
|
5 |
U10102DL1998PTC094328 |
GLOBAL COAL AND
MINING PRIVATE LIMITED |
Director |
25-03-00 |
25-03-00 |
- |
Active |
NO |
|
6 |
U72200AP1996PTC051403 |
SATSOFT (INDIA)
PRIVATE LIMITED |
Director |
30-06-05 |
30-06-05 |
12-05-12 |
Active |
NO |
|
7 |
U45201AP2001PTC036533 |
OORJITA PROJECTS
PRIVATE LIMITED |
Director |
29-09-06 |
29-09-06 |
25-06-11 |
Active |
NO |
|
8 |
U45200AP2006PTC051705 |
BIJMAN PROJECTS
PRIVATE LIMITED |
Director |
17-11-06 |
17-11-06 |
- |
Active |
NO |
|
9 |
U24119OR1974PLC000616 |
ORICHEM LIMITED |
Director |
03-05-07 |
03-05-07 |
- |
Active |
NO |
|
10 |
U55101AP2007PTC054788 |
CLARIVISTA HOTELS
INDIA PRIVATELIMITED |
Director |
12-07-07 |
12-07-07 |
- |
Active |
NO |
|
11 |
U70102AP2007PTC055262 |
TRIDENT
PROPERTIES PRIVATE LIMITED |
Whole-time
director |
01-10-11 |
27-08-07 |
- |
Active |
NO |
|
12 |
U45201OR2008PTC009766 |
TRIDENT PROPERTIES
ORISSA PRIVATE LIMITED |
Director |
24-01-08 |
24-01-08 |
- |
Active |
NO |
|
13 |
U34103AP2008PTC059567 |
KANNA MOTOR
PRIVATE LIMITED |
Director |
09-06-08 |
09-06-08 |
05-08-08 |
Active |
|
|
14 |
U14200AP2009PTC063274 |
MAHESWARI MINING
AND ENERGY PRIVATE LIMITED |
Director |
03-04-09 |
03-04-09 |
- |
Active |
NO |
|
15 |
U65190AP2009PTC064578 |
MAHESWARI
BROTHERS HOLDINGS PRIVATE LIMITED |
Director |
31-07-09 |
31-07-09 |
- |
Active |
NO |
|
Name : |
Mr. Prakash Veer |
|
Designation : |
Director |
|
Address : |
6-3-856/A, Green Lands, Sadat Manzil Colony, Ameerpet,
Hyderabad-500016, Andhra Pradesh, India
|
|
Date of Birth/Age : |
21.05.1964 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
01626178 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201AP2001PTC036533 |
OORJITA
PROJECTS PRIVATE LIMITED |
Managing
director |
04-04-01 |
04-04-01 |
- |
Active |
NO |
|
2 |
U70102AP2005PTC047251 |
OORJITA
BUILDERS AND DEVELOPERS PRIVATE LIMITED |
Director |
10-09-09 |
26-08-05 |
16-03-11 |
Active |
NO |
|
3 |
U55101AP2007PTC054788 |
CLARIVISTA
HOTELS INDIA PRIVATELIMITED |
Director |
12-07-07 |
12-07-07 |
- |
Active |
NO |
|
4 |
U70102AP2007PTC055262 |
TRIDENT
PROPERTIES PRIVATE LIMITED |
Managing
director |
01-03-08 |
27-08-07 |
- |
Active |
NO |
|
5 |
U45201OR2008PTC009766 |
TRIDENT
PROPERTIES ORISSA PRIVATE LIMITED |
Director |
24-01-08 |
24-01-08 |
- |
Active |
NO |
|
6 |
U15209OR2000PTC006052 |
SURYAMUKHI
RESORTS PRIVATE LIMITED |
Director |
01-03-12 |
01-03-12 |
08-04-13 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Prakash Veer |
139496 |
|
Bijay Kumar Mandhani |
5000 |
|
Oorjita Projects Private Limited, India |
835000 |
|
Wrinkle Vyapaar Private Limited, India |
355000 |
|
Panchakshariah Talluri |
150000 |
|
Bimco Enterprises Private Limited, India |
15000 |
|
Silcon Hotel Private Limited, India |
15000 |
|
Rakisa Garments Private Limited, India |
15000 |
|
Naveli Jaju |
1 |
|
Saloni Jaju |
1 |
|
Santosh Kumar Rathi |
1 |
|
Santosh Rathi HUF |
1 |
|
TOTAL |
1529500 |
AS ON 15.12.2012
|
Names of Shareholders |
No. of Shares |
|
Bijay Kumar Mandhani |
420000 |
|
TOTAL |
420000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
80.74 |
|
Directors or relatives of Directors |
9.45 |
|
Others |
9.81 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Builders and Developers |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M Srinivasulu Reddy and Associates Chartered Accountant |
|
Address : |
Flat No.404, Sandhya Enclave, Sai Baba Temple Road, Punjagutta,
Hyderabad-500082, Andhra Pradesh, India |
|
PAN No.: |
ACAPM9624J |
|
|
|
|
Holding Company : |
Oorjita Projects Private Limited CIN No.:- U45201AP2001PTC036533 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1529500 |
Equity Shares |
Rs.10/- each |
Rs. 15.295
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1949500 |
Equity Shares |
Rs.10/- each |
Rs. 19.495
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.295 |
15.295 |
|
(b) Reserves & Surplus |
|
55.524 |
48.514 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
57.740 |
68.190 |
|
Total Shareholders’
Funds (1) + (2) |
|
128.559 |
131.999 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
10.724 |
74.293 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
10.724 |
74.293 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
15.243 |
57.136 |
|
(d) Short-term
provisions |
|
2.828 |
0.034 |
|
Total Current
Liabilities (4) |
|
18.071 |
57.170 |
|
|
|
|
|
|
TOTAL |
|
157.354 |
263.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
19.960 |
4.846 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.050 |
0.142 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
2.309 |
|
Total Non-Current
Assets |
|
20.010 |
7.297 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.090 |
0.090 |
|
(b) Inventories |
|
0.394 |
181.020 |
|
(c) Trade receivables |
|
25.446 |
0.000 |
|
(d) Cash and cash
equivalents |
|
7.421 |
5.949 |
|
(e) Short-term loans
and advances |
|
82.388 |
45.956 |
|
(f) Other current
assets |
|
21.605 |
23.150 |
|
Total Current Assets |
|
137.344 |
256.165 |
|
|
|
|
|
|
TOTAL |
|
157.354 |
263.462 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.295 |
|
|
2] Share Application Money |
|
|
16.640 |
|
|
3] Reserves & Surplus |
|
|
49.500 |
|
|
4] (Accumulated Losses) |
|
|
(1.086) |
|
|
NETWORTH |
|
|
80.349 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
43.945 |
|
|
2] Unsecured Loans |
|
|
1.500 |
|
|
TOTAL BORROWING |
|
|
45.445 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
125.794 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.320 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.890 |
|
|
DEFERREX TAX ASSETS |
|
|
0.071 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.020 |
|
|
Other Current Assets |
|
|
86.257 |
|
|
Loans & Advances |
|
|
42.921 |
|
Total
Current Assets |
|
|
129.198 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.359 |
|
|
Other Current Liabilities |
|
|
9.607 |
|
|
Provisions |
|
|
0.037 |
|
Total
Current Liabilities |
|
|
12.003 |
|
|
Net Current Assets |
|
|
117.195 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.318 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
125.794 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Interest Income on FD’s |
|
0.029 |
0.027 |
|
|
|
Closing Work in Progress |
|
181.020 |
86.257 |
|
|
|
TOTAL |
|
181.049 |
86.284 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Work in Progress |
|
86.206 |
29.122 |
|
|
|
Direct Expenses |
|
94.814 |
57.135 |
|
|
|
Operating and Administrative Expenses |
|
0.000 |
0.039 |
|
|
|
TOTAL |
|
181.020 |
86.296 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.029 |
(0.012) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.606 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
0.029 |
(0.618) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(0.071) |
(0.050) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
0.100 |
(0.568) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(1.086) |
(0.518) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(0.986) |
(1.086) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
0.07 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.06 |
(0.66) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
100.00 |
(2288.89) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.01 |
(0.47) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08
|
0.56 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.60
|
4.48 |
10.76 |
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 |
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
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Naveli Jaju |
0.543 |
0.000 |
|
Saloni Jaju |
0.543 |
0.000 |
|
Santosh Kumar Rathi |
0.404 |
0.000 |
|
Santosh Kumar Rathi HUF |
2.623 |
0.000 |
|
|
|
|
|
TOTAL |
4.113 |
0.000 |
NOTE
Registered office has been shifted from 6-3-586/A, Sadat Manzil Colony,
Green Lands, Hyderabad, Andhra Pradesh, India to the present address w.e.f.
03.03.2008.
APPRAISAL OF OPERATIONS
During the year the company has commenced the operations.
FORM 8
|
Corporate
identity number of the company |
U70102AP2007PTC055262 |
|
Name of the
company |
TRIDENT
PROPERTIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
8-2-408, Flat No D/1, Ground Floor, Sri Krishna Apartments, Road No.6, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10405439 |
|
Type of charge |
|
|
Particular of
charge holder |
The Karur Vysya Bank Limited, 168 B, Prasanti, Sishubhawan Chowk, Bapuji
Nagar, Bhubaneswar-751009, Orissa, India
|
|
Nature of
instrument creating charge |
1- Term Loan
Agreement (Machinery). 2- EM- 16. |
|
Date of
instrument Creating the charge |
24.04.2013 |
|
Amount secured by
the charge |
Rs. 3.900
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest @ 3.50%
over the Base Rate of the Bank, subject to a minimum of 14.50% p.a. Terms of repayment The Term Loan Limit
of Rs. 3.900 Millions is repayable in 60 EMIs of Rs. 0.091 Million each. Margin 25% Extent and operation of the charge 1st and exclusive
Charge over hypothecation on 2 nos. of Schwing Stetter India Private Limited
make Batching Plants (Concrete Machines) to secure the Term Loan Limit of Rs.
3.900 Millions. The Charge also collaterally secured by Additional EM Charge
on landed property at Khata No. 91, Mutation Khata No. 456/514, Plot No.
1784, Extent of Ac. 0.430 dec, Mouza- Paikarapur, Bhubaneswar standing in the
name of the Company. |
|
Short particulars
of the property charged (Including location of the property) |
Primary Security: Hypothecation on
2 nos. of Schwing Stetter India Private Limited, make Batching Plants
(Concrete Machines). Collateral
Security: Additional EM
Charge on landed property at Khata No. 91, Mutation Khata No. 456/514, Plot
No. 1784, Extent of Ac. 0.430 dec, Mouza- Paikarapur, Bhubaneswar standing in
the name of the Company. |
|
Date of
instrument modifying the charge |
30.01.2013 |
|
Particulars of
the present modification |
By this present
modification the Term Loan Limit remains same at Rs. 3.900 Millions however a
fresh document has been executed in respect of the above Term Loan. |
FIXED ASSETS
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. 61.04 |
|
|
1 |
Rs. 90.89 |
|
Euro |
1 |
Rs. 78.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.