|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MASCHMEIJER AROMATICS (INDIA) PRIVATE LIMITED (w.e.f. 06.09.2001) |
|
|
|
|
Formerly Known
As : |
A. MASCHMEIJER JR. (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3, Leitha Castle,l North Street, Santhome ,Chennai – 600044, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.12.1960 |
|
|
|
|
Com. Reg. No.: |
18-004370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24246TN1960PTC004370 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM00364A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH4389H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Perfumery Aromatics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 78000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old established company having a satisfactory track
record. The overall financial position is good. Trade relations are reported
as decent. Business is active. Payment terms are usually correct and as per
commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 : |
3, Leitha Castle, North Street, Santhome ,Chennai – 600044, Tamilnadu,
India |
|
Tel. No. : |
91-44-22412112 / 13 /14 |
|
Fax No. : |
91-44-22413100 / 24981188 |
|
E-Mail : |
|
|
|
|
|
Factory : |
3, Grand Southern
Trunk Road, Chrompet, Chennai – 600044, Tamilnadu, India |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Habibullah Badsha |
|||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7, Leith Castle, North Street, Santhome, Chennai – 600028, Tamilnadu,
India |
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|
Date of Birth/Age : |
08.03.1933 |
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|
Date of Appointment : |
12.11.1987 |
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DIN No. : |
00017078 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Syed Abdul Mohamed Shareef |
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Designation : |
Managing director |
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|
Address : |
No.32, Poes Garden, Chennai –
600086, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1929 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.11.1987 |
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DIN No. : |
01561260 |
|||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Abdul Jabbar Suhail |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7, Leith Castle, North Street, Santhome, Chennai, Tamilnadu, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.07.1964 |
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Date of Appointment : |
26.09.1998 |
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DIN No. : |
00017106 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Syed Mohamed Abdul Kader |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.84, Poes Garden, Chennai – 600086, Tamilnadu, India |
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|
Date of Birth/Age : |
10.11.1954 |
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Date of Appointment : |
25.03.1985 |
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DIN No. : |
00001814 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Madras Govindarajulu Narayana Moorthy |
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|
Designation : |
Director |
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|
Address : |
No.10, Wallace Garden, III – Street, Chennai – 600086, Tamilnadu,
India |
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|
Date of Birth/Age : |
15.06.1935 |
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|
Date of Appointment : |
25.03.1985 |
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|
DIN No. : |
00017151 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Habibullah Badsha |
|
228 |
|
A. J. Suhail |
|
380 |
|
S.A. Md. Shareef |
|
196 |
|
Nikhath Fathima |
|
9 |
|
V. Marimuthu |
|
40 |
|
Mallika Haque |
|
17 |
|
Shamshia Badsha |
|
87 |
|
Humeira Mussareth |
|
48 |
|
Maimoona Badsha |
|
48 |
|
M. R. Pratap |
|
3 |
|
M.G. Narayana Moorthy |
|
160 |
|
K.S. Amina Shareef |
|
80 |
|
S.M. Abdul Kader |
|
121 |
|
S.M. Shajahan |
|
121 |
|
S.M. Mehtab Abul Kalam |
|
121 |
|
S.M. Naseer Ahmed |
|
121 |
|
M.V.M.Angamuthu Pillai |
|
50 |
|
M.V.M. Chellamuthu Pillai |
|
40 |
|
K. Kumaresan |
|
20 |
|
K. Marimuthu |
|
20 |
|
Raj Narain Bhargava |
|
20 |
|
Saraswati Minor Aruna Kamatchi Minor A.P. Govinda Saminathan Minor A.P. Arun Kumar |
|
70 |
|
Total |
|
2000 |
As on 27.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
87.00 |
|
Others |
13.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Perfumery Aromatics. |
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Musk Ambrettle |
Tonnes |
92.800 |
200.000 |
83.813 |
|
Musk Xylol |
Tonnes |
127.700 |
250.000 |
44.618 |
|
Musk Ketone |
Tonnes |
12.670 |
60.000 |
5.218 |
|
Perfumery Compounds |
Tonnes |
-- |
100.000 |
62.108 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of Baroda, Chennai Main Branch, New No.70 (Old No.28), Rajaji
Salai,, Chennai – 600001, Tamilnadu, India |
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|
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VDSR and Company Chartered Accountants |
|
Address : |
1c,Queens Court,6/102 Montieth Road, Egmore, Chennai – 600008,
Tamilnadu, India |
|
Tel. No. : |
91-44-28554447 / 28554019 |
|
Fax No. : |
91-44-43599441 |
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E-Mail : |
|
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PAN No. : |
AAAFK0788M |
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|
|
|
Entities where directors have control or significant influence : |
· Fresh Flavour Fragrances Private Limited · Limra Chemicals and Pharmaceuticals Private Limited · A M Aromatics Private Limited · Aroma Chemicals and Fragrances |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000 |
Equity Shares |
Rs.1000/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000 |
Equity Shares |
Rs.1000/- each |
Rs. 2.000 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 |
|
2.000 |
2.000 |
|
(b) Reserves & Surplus |
|
17.649 |
12.678 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
19.649 |
14.678 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.592 |
0.079 |
|
(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) |
|
0.592 |
0.079 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
13.794 |
13.781 |
|
(b) Trade
payables |
|
28.788 |
27.380 |
|
(c) Other
current liabilities |
|
1.669 |
2.047 |
|
(d) Short-term
provisions |
|
1.889 |
0.909 |
|
Total Current
Liabilities (4) |
|
46.140 |
44.117 |
|
|
|
|
|
|
TOTAL |
|
66.381 |
58.874 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
11.389 |
11.061 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.170 |
0.170 |
|
(c) Deferred tax assets (net) |
|
0.366 |
0.384 |
|
(d) Long-term Loan and Advances |
|
0.647 |
0.599 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
12.572 |
12.214 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
10.667 |
11.651 |
|
(c) Trade
receivables |
|
28.327 |
20.958 |
|
(d) Cash
and cash equivalents |
|
12.789 |
10.547 |
|
(e)
Short-term loans and advances |
|
2.021 |
3.504 |
|
(f) Other
current assets |
|
0.005 |
0.000 |
|
Total
Current Assets |
|
53.809 |
46.660 |
|
|
|
|
|
|
TOTAL |
|
66.381 |
58.874 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
11.717 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
13.717 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
12.013 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
12.013 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.730 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.579 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.170 |
|
|
DEFERRED TAX ASSETS |
|
|
0.177 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.069 |
|
|
Sundry Debtors |
|
|
16.574 |
|
|
Cash & Bank Balances |
|
|
4.724 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
3.880 |
|
Total
Current Assets |
|
|
36.247 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.088 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.355 |
|
Total
Current Liabilities |
|
|
22.443 |
|
|
Net Current Assets |
|
|
13.804 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
25.730 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
190.408 |
174.202 |
172.393 |
|
|
|
Other Income |
0.483 |
0.730 |
0.982 |
|
|
|
TOTAL |
190.891 |
174.932 |
173.375 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
183.467 |
173.119 |
172.512 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.424 |
1.813 |
0.863 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.453 |
0.504 |
0.273 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4.971 |
1.309 |
0.590 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
20.069 |
16.103 |
19.441 |
|
|
TOTAL EARNINGS |
20.069 |
16.103 |
19.441 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2486.00 |
551.00 |
295.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.60
|
0.75 |
0.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.90
|
1.04 |
0.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.27
|
3.11 |
1.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.12 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.73
|
0.94 |
1.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17
|
1.06 |
1.62 |
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 |
CORPORATE
INFORMATION
Subject was incorporated on 30.12.1960. On 06.09.2011 the name was
changed to Maschmeijer Aromatics (India) Private Limited. (The company No. 4370
of 1960). The objective was to carry on the business of Aromatic Chemicals,
Fragrances and Other Allied items to buy, sell, distribute manufacture refine,
prepare and deal in all classes and kinds of Aromatic Chemicals, Perfume
Compounds, Essential Oils and Artificial Musks among other things.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U24246TN1960PTC004370 |
|
Name of the
company |
MASCHMEIJER
AROMATICS (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3, Leitha Castle,l North Street, Santhome ,Chennai – 600044,
Tamilnadu, India E-mail: accounts@maschmeijer.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90296611 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Movable Machineries and Vehicles) |
|
Particular of
charge holder |
Bank of Baroda, Chennai Main Branch, New No.70 (Old No.28), Rajaji
Salai,, Chennai – 600001, Tamilnadu, India E-mail: northb@bankofbaroda.com
|
|
Nature of
instrument creating charge |
1. Supplemental Composite
Agreement of Hypothecation of Goods, Book-Debts, Movable Machinery and
Vehicles in Form LDOC 17(C) 2. Memorandum of
Deposit of Title Deeds. Both relate to
one single Modification of Charge |
|
Date of
instrument Creating the charge |
07.03.2013 |
|
Amount secured by
the charge |
Rs. 40.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC :- 3.50% over
Base Rate (i.e.,) 13.75% p.a., with monthly rests. EPC :- 1.25% over
Base Rate (i.e.,) 11.50% p.a., with monthly rests. LC :- Commission
:- As per Bank Norms Terms of Repayment Cash Credit
(Hypn.) : Rs.15.000 millions : Repayable on Demand. However, the limit is
available for a period of 12 months {EPC [Sub-Limit
of Cash Credit (Hypn.)]} : Rs.3.000 millions
: As applicable to CC (Hypn.) {FBP / FBD
[Sub-Limit of EPC]} : Rs.3.000 millions : As applicable to CC (Hypn.) LC : Rs.25.000
millions : As applicable to CC (Hypn.) Margin Cash Credit
(Hypn.) : Rs.150.00 Lakhs : 25% on Stocks; 40% on Book Debts upto 90 Days {EPC [Sub-Limit
of Cash Credit (Hypn.)]} : Rs.3.000 millions : 25% {FBP / FBD
[Sub-Limit of EPC]} : Rs.3.000 millions : Nil LC : Rs.25.000
millions : 25% as Cash Margin Extent and Operation of the charge The Charge on the
Company's present and future Goods, Book-Debts, Receivables, Movable
Machinery, Vehicles and Immovable Properties situate at 3, Grand Southern
Trunk Road, Chrompet, Chennai - 44 (measuring 3.06 Acres and 1.41 Acres),
shall be held as security by the Bank till the complete closure of the
enhanced Overall Credit Limit of Rs.40.000 millions, together with interests,
costs, charges and other expenses which may accrue and be debited to the
appropriate account(s) from time to time. Others The enhanced Overall Credit Limit of Rs.40.000 millions consists of : Cash Credit (Hypn.) : Rs.15.000 millions Sub Limit : (EPC [Sub-Limit of Cash Credit (Hypn.)] : Rs. 3.000 millions) (FBP / FBD [Sub-Limit of EPC] : Rs. 3.000 millions) LC
: Rs.25.000 millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
a. All that piece
and parcel of land of an extent of 1 Acre and 41 cents with building thereon
at Old No.3, Grand Southern Trunk Road, Pallavaram, Chennai comprised in Old
Survey No.405 and 405/1B, and New Survey No.405/1A at No.158, Pallavaram
Village, Patta No.220, then Saidapet Taluk, Chingleput District, now Tambaram
Taluk, Kancheepuram District, and b. All that piece
and parcel of land of an extent of 3 Acre and 6 Cents with building thereon
at Old No.3, Grand Southern Truck Road, Pallavaram Chennai comprised in
Survey No.403, Patta No.506, in the Village of Zamin Pallavaram, formerly
Saidapet Taluk, Chingleput District presently Tambaram Taluk, Kancheepuram
District |
|
Date of
instrument modifying the charge |
10/05/2010 |
|
Particulars of
the present modification |
The enhanced Overall
Credit Limit of Rs.40.000 millions, granted to the Company by the Bank is
secured by the Company's present and future Goods, Book-Debts, Receivables,
Movable Machinery, Vehicles and Immovable Properties situate at 3, Grand
Southern Trunk Road, Pallavaram, Chennai (measuring 3.06 Acres and 1.41
Acres) - Details of the immovable properties furnished in Field No.15(i) to
15(vi) above and their boundaries more fully described in the Memorandum of
Deposit of Title Deeds attached herewith. |
FIXED ASSETS
· Land – I
· Land – II
· Building (Office)
· Building (Factory)
· Furniture and Fittings
· Office Equipments
· Plant and Machinery
· Electrical Items
· Generator
· Factory Equipments
· Cooling Towers
· Transformers
· Boilers
· Air Conditioners
· Motor Cars
· Motor Lorry
· Van
· Cycles
· Tanker Trailer
· Computer
· Control Electronic Device
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
: |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.