1. Summary Information
|
Country |
|
||
|
Company Name |
CANBARA INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Karunakar Menka Shetty |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Vasanthi Karunakar Shetty |
|
Registration # |
11-192247 |
||
|
Street Address |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate,
Andheri-Kurla Road, Marol, Andheri (East), Mumbai-400059, Maharashtra |
||
|
Established Date |
07.05.2009 |
SIC Code |
-- |
|
Telephone# |
91-22-28502235 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28505701 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Mixers Grinders |
|
|
# of employees |
Not Available |
Product Name 2 |
Food Processors |
|
Paid up capital |
Rs.6,000,000/-
|
Product Name 3 |
Air Cooler |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
4 Year |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Aditya Industries |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,619,000 |
Current Liabilities |
137,545,000 |
|
Inventories |
147,524,000 |
Long-term Liabilities |
266,385,000 |
|
Fixed Assets |
224,645,000 |
Other Liabilities |
9,726,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
413,656,000 |
|
Invest& other Assets |
1,451,000 |
Retained Earnings |
42,583,000 |
|
|
|
Net Worth |
48,583,000 |
|
Total Assets |
462,239,000 |
Total Liab. & Equity |
462,239,000 |
|
Total Assets (Previous Year) |
448,366,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
710,732,000 |
Net Profit |
16,059,000 |
|
Sales(Previous yr) |
563,269,000 |
Net Profit(Prev.yr) |
12,257,000 |
MIRA INFORM REPORT
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
CANBARA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate, Andheri-Kurla
Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.05.2009 |
|
|
|
|
Com. Reg. No.: |
11-192247 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.6.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900MH2009PTC192247 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC16808B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Home Appliances like Mixers
Grinders, Food Processors, Air Cooler
etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears a significant increase in the sales turnover during 2012.
External borrowings appear to be huge which act as a threat to the liquidity.
However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings with some 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 – 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/ Head Office : |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate,
Andheri-Kurla Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra,
India |
|
Tel. No.: |
91-22-28502235/ 40294444 |
|
Fax No.: |
91-22-28505701 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Survey No. 3331/2, Plot No.1, Khadi Pada, Masat, Silvasa-396230, Dadra
Nagar Haveli, |
|
Tel. No.: |
91-260-3207425/ 3292073 |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot 83/107 Industrial Estate, Village Satpati, Palghar, Thane, |
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Karunakar Menka Shetty |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
B-103, Anmol, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.09.1952 |
|||||||||||||||||||||||||||
|
Qualification : |
Diploma in Tool Engg |
|||||||||||||||||||||||||||
|
Experience : |
38 Years |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.2009 |
|||||||||||||||||||||||||||
|
DIN No.: |
02220516 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Vasanthi Karunakar Shetty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Anmol, Building No. 2, R No. 103, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.03.1960 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.2009 |
|||||||||||||||||||||||||||
|
DIN No.: |
02220784 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Ankeet Karunakar Shetty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East),
Mumbai-400059, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.2009 |
|||||||||||||||||||||||||||
|
DIN No.: |
02220851 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Aditya Karunakar Shetty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East),
Mumbai-400059, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.04.1984 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.2009 |
|||||||||||||||||||||||||||
|
DIN No.: |
02220862 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Akhil Karunakar Shetty |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East), Mumbai-400059,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.11.1985 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.07.2009 |
|||||||||||||||||||||||||||
|
DIN No.: |
02220930 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
V. B. Kondalkar and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
202, Midas Enclave, A-Wing, Dadiseth Agyari Road, Near Babuline Naka, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28806348 |
|
E-mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Karunakar Menka Shetty |
|
300000 |
|
Aditya Karunakar Shetty |
|
60000 |
|
Vasanthi Karunakar Shetty |
|
60000 |
|
Akhil Karunakar Shetty |
|
60000 |
|
Ankeet Karunakar Shetty |
|
60000 |
|
Manoj Bhujanga Shetty |
|
30000 |
|
Dilip Prabhakar Shetty |
|
30000 |
|
|
|
|
|
Total
|
|
600000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Home Appliances like Mixers
Grinders, Food Processors, Air Cooler
etc. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2012)
|
Particulars |
Unit |
Actual
Production |
|
Coolers |
Nos. |
98431 |
|
Mixer Grinders and FP |
Nos. |
195798 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S. Shetty and Associates Chartered Accountants |
|
Address : |
6/33, Versova View, Four Bungalows, Andheri (West), Mumbai - 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-26372044 |
|
PAN No.: |
AAICS9046E |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
6.000 |
|
(b) Reserves & Surplus |
|
|
42.583 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
48.583 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
178.548 |
|
(b) Deferred tax liabilities (Net) |
|
|
2.689 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
181.237 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
87.837 |
|
(b) Trade payables |
|
|
117.239 |
|
(c) Other current liabilities |
|
|
20.306 |
|
(d) Short-term provisions |
|
|
7.037 |
|
Total Current
Liabilities (4) |
|
|
232.419 |
|
|
|
|
|
|
TOTAL |
|
|
462.239 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
224.645 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
1.301 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.150 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
8.455 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
234.551 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
147.524 |
|
(c) Trade receivables |
|
|
54.838 |
|
(d) Cash and cash equivalents |
|
|
1.514 |
|
(e) Short-term loans and advances |
|
|
23.812 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current
Assets |
|
|
227.688 |
|
|
|
|
|
|
TOTAL |
|
|
462.239 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
6.000 |
6.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
26.524 |
14.267 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
32.524 |
20.267 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
114.541 |
83.183 |
|
|
2] Unsecured Loans |
|
177.131 |
92.359 |
|
|
TOTAL BORROWING |
|
291.672 |
175.542 |
|
|
DEFERRED TAX LIABILITIES |
|
1.749 |
0.881 |
|
|
|
|
|
|
|
|
TOTAL |
|
325.945 |
196.690 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
202.608 |
136.169 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.150 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.150 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
126.161 |
97.981 |
|
|
Sundry Debtors |
|
86.719 |
65.084 |
|
|
Cash & Bank Balances |
|
5.086 |
7.744 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
27.511 |
22.611 |
|
Total
Current Assets |
|
245.477 |
193.420 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
98.679 |
123.293 |
|
|
Other Current Liabilities |
|
18.142 |
8.085 |
|
|
Provisions |
|
5.600 |
1.845 |
|
Total
Current Liabilities |
|
122.421 |
133.223 |
|
|
Net Current Assets |
|
123.056 |
60.197 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.131 |
0.174 |
|
|
|
|
|
|
|
|
TOTAL |
|
325.945 |
196.690 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
710.732 |
563.269 |
327.976 |
|
|
|
Other Income |
0.770 |
1.196 |
0.574 |
|
|
|
TOTAL (A) |
711.502 |
564.465 |
328.550 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
640.949 |
511.641 |
300.637 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
70.553 |
52.824 |
27.913 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.501 |
12.055 |
5.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.052 |
40.769 |
22.607 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.017 |
22.044 |
13.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
24.035 |
18.725 |
8.993 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.976 |
6.468 |
2.726 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.059 |
12.257 |
6.267 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.524 |
6.267 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
34.583 |
18.524 |
6.267 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
100.868 |
16.362 |
5.018 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
73.115 |
54.274 |
31.865 |
|
|
|
Capital Goods |
0.000 |
17.823 |
7.176 |
|
|
TOTAL IMPORTS |
73.115 |
72.097 |
39.041 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.77 |
20.43 |
10.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.26 |
2.17 |
1.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.38 |
3.32 |
2.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.22 |
4.18 |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.58 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.48 |
8.97 |
8.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
2.01 |
1.45 |
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 |
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 |
OPERATIONS/WORKING
RESULTS
During the year, the Company has recorded sales of Rs.710.732 Millions and earned other income of Rs.0.770 Million as compared to sales of Rs.563.269 Millions and other income of Rs.1.196 Millions for corresponding previous year.
The Company has earned net profit of Rs.16.059 Millions as compared to the profit of Rs.12.257 Millions in respect of the corresponding previous year, after deducting Current tax and Deferred tax.
Barring unforeseen circumstances, further improvement in sale and profitability is expected in the current year in view of continued efforts being made. Further the company is taking effective steps for expansion and diversification to strengthen the profitability and financial soundness of the Company.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
|
Long Term
Borrowings |
|
|
Loans and
advances from related parties |
|
|
Loans from Directors |
144.440 |
|
|
|
|
Total |
144.440 |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As
on 31.03.2011 |
|
|
|
|
From Directors |
177.131 |
|
|
|
|
Total |
177.131 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U31900MH2009PTC192247 |
|
Name of the
company |
CANBARA
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate, Andheri-Kurla
Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India E-mail: dilip@vkgroupindia.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10192371 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai - 400013, Maharashtra, India E-mail: RBBform8@hdfcbank.com
|
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
22.01.2013 |
|
Amount secured by
the charge |
Rs.386.630
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment
Working Capital
facility shall be payable on demand. Term Loan
facility shall be repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge The Company accorded
and gave oral consent to Bank to continue to hold and retain the title deeds
(by way of Constructive delivery) in respect of its immovable properties as
stated under Item No.15 below, as security for repayment of Rs.386.630
Millions granted by bank to Canbara International Private Limited of
Rs.50.000 Millions, Canbara Industries Private Limited of Rs.229.000
Millions, V.K. Appliances of Rs.45.0 Millions and Suvidha *** Others *** Appliances of
Rs.62.630 Millions ("the Borrowers"), together with principal,
interest, liquidated damages, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable
Property bearing Revenue Sy. No. 331/2, of Plot No. 1 admeasuring 4850.00 sq.
mtrs, situated at Village Masat of the territory of Dadra and Nagar Haveli. Immovable
Property bearing factory land and building situated at Plot No.83 to 107
admeasuring 2525.00 sq. mtrs. situated at Revenue Sy. No. 984 Paiki of
Village Shirgaon Dhandekar Estate Taluka Palghar District Thane. |
|
Date of
instrument modifying the charge |
26.05.2012 |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs.336.630 Millions to Rs.386.630 Millions, in favour
the Bank against the equitable mortgage of immovable properties being lying
and situated at Dadra and Nagar Haveli and District Thane. |
FIXED ASSETS:
Tangible Assets
- Land
- Factory
Building
- Plant and
Machinery
- Moulds and
Dies
- Electrical
Installation
- Furniture and
Fixtures
- Computer and
Software
- Office
Equipment
- Motor Vehicle
and Tempo
- Air
Conditioner
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.