MIRA
INFORM REPORT
|
Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOUGH CASTING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.E-68, M.I.D.C., Shiroli, Kolhapur - 416122, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046562 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310PN1988PTC046562 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Castings, Grates, Chain Links, Combustion
Equipments etc. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal 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.
INFORMATION PARTED BY
|
Name : |
Mr. Shashikant |
|
Designation : |
Manager Representative |
|
Contact No.: |
91-9673539090 |
|
Date : |
26.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.E-68, M. I. D. C., Shiroli, Kolhapur - 416122, Maharashtra,
India |
|
Tel. No.: |
91-231-2468019 / 2469313 / 2469316 |
|
Mobile No.: |
91-9673539090 (Mr. Shashikant) 91-9823297070 (Mr. Amol) |
|
Fax No.: |
91-231-2469722 / 2656727 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1380 sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Amol Balasaheb Kadolkar |
|
Designation : |
Director |
|
Address : |
249/A/L/75, G-2, Arihant Plaza, Nagala Park, Kolhapur-416003,
Maharashtra, India |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00257386 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310PN1988PTC046562 |
TOUGH
CASTING PRIVATE LIMITED |
Director |
25-08-05 |
25-08-05 |
Active |
NO |
|
2 |
U28900KA2007PTC041917 |
SOUND
CAST ALLOYS PRIVATE LIMITED |
Director |
28-02-07 |
28-02-07 |
Active |
NO |
|
3 |
U31900PN2007PTC130039 |
STOICHIO
COMBUSTION TECHNOLOGY PRIVATE LIMITED |
Whole-time
director |
25-04-07 |
25-04-07 |
Strike
off |
NO |
|
Name : |
Mr. Balasaheb Yallojirao Kadolkar |
|
Designation : |
Director |
|
Address : |
249/A/L/75, G-2, Arihant Plaza, Nagala Park, Kolhapur-416003,
Maharashtra, India |
|
Date of Birth/Age : |
15.04.1949 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
00257399 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310PN1988PTC046562 |
TOUGH
CASTING PRIVATE LIMITED |
Director |
24-11-94 |
24-11-94 |
Active |
NO |
|
2 |
U28900KA2007PTC041917 |
SOUND
CAST ALLOYS PRIVATE LIMITED |
Director |
28-02-07 |
28-02-07 |
Active |
NO |
|
Name : |
Ms. Kalpana Subhash Kadolkar |
|
Designation : |
Director |
|
Address : |
411, Vijaynagar, Hindalaga, Belgaum, Karnataka, India |
|
Date of Birth/Age : |
19.03.1962 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
00279191 |
|
|
|
|
Name : |
Mr. Vinayak Yallojirao Kadolkar |
|
Designation : |
Director |
|
Address : |
411, Vijaynagar, Hindalaga, Belgaum, Karnataka, India |
|
Date of Birth/Age : |
22.07.1956 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
00279295 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310PN1988PTC046562 |
TOUGH
CASTING PRIVATE LIMITED |
Director |
24-11-94 |
24-11-94 |
Active |
NO |
|
2 |
U28900KA2007PTC041917 |
SOUND
CAST ALLOYS PRIVATE LIMITED |
Director |
28-02-07 |
28-02-07 |
Active |
NO |
|
Name : |
Ms. Sushma Balasaheb Kadolkar |
|
Designation : |
Managing Director |
|
Address : |
249/A/L/75, G-2, Arihant Plaza, Nagala Park, Kolhapur-416003,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
24.11.1994 |
|
DIN No.: |
00279342 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27310PN1988PTC046562 |
TOUGH
CASTING PRIVATE LIMITED |
Managing
director |
24-11-94 |
24-11-94 |
Active |
NO |
|
2 |
U28900KA2007PTC041917 |
SOUND
CAST ALLOYS PRIVATE LIMITED |
Managing
director |
28-02-07 |
28-02-07 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Shashikant |
|
Designation : |
Manager Representative |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sushma Balasaheb Kadolkar |
13632 |
|
Vinayak Yallojirao Kadolkar |
8913 |
|
Kalpana Subhash Kadolkar |
4803 |
|
Balasaheb Yallojirao Kadolkar |
11202 |
|
Vaijayanti Vivek Diwakar |
200 |
|
Nilkant Ganesh Gadgil |
100 |
|
Shrishail Chanavirappa Uppin |
100 |
|
Prakash Govindrao Badkundri |
100 |
|
Subhash Yallojirao Kadolkar |
3785 |
|
Shobha Vinayak Kadolkar |
450 |
|
Shrish Ramchandra Mane |
100 |
|
Yallojirao Ishwar Kadolkar |
615 |
|
Amol Balasaheb Kadolkar |
1000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
98.00 |
|
Other top fifty shareholders |
2.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Castings, Grates, Chain Links, Combustion
Equipments etc. |
|
|
|
|
Exports : |
|
|
Countries : |
·
Australia ·
South Africa ·
West Kenya ·
Malaysia ·
USA ·
New Zealand ·
Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2012)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Casting |
Tones (P.A.) |
1200 |
1200 |
859 |
GENERAL INFORMATION
|
Suppliers : |
Sonata Traders |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
End Users |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
120 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank ·
IDBI Bank ·
ABN Amro Bank ·
The Shamrao Vithal Co-operative Bank Limited,
Anant Towers, Rajarampuri Road, Sykes Extension, E Ward, Shahupuri,
Kolhapur-416001, Maharashtra, India ·
Shree Warana Sahakari Bank Limited, MIDC Shiroli
Branch, MIDC Shiroli, Kolhapur - 416000, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. D. Bhavsar and Associates Chartered Accountants |
|
Address : |
1429, C Ward, Laxmipuri, Kolhapur-416002, Maharashtra, India |
|
PAN No.: |
ADOPB7931L |
|
|
|
|
Related Parties : |
Sound Cast Alloys Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.000 |
5.000 |
|
(b) Reserves & Surplus |
|
27.970 |
15.490 |
|
(c) Money
received against share warrants |
|
6.288 |
6.288 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
39.258 |
26.778 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5.186 |
8.280 |
|
(b) Deferred tax liabilities (Net) |
|
0.270 |
0.251 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
5.456 |
8.531 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
29.573 |
14.264 |
|
(b) Trade payables |
|
65.182 |
51.671 |
|
(c) Other current
liabilities |
|
3.337 |
6.604 |
|
(d) Short-term provisions |
|
8.028 |
9.596 |
|
Total Current Liabilities (4) |
|
106.120 |
82.135 |
|
|
|
|
|
|
TOTAL |
|
150.834 |
117.444 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
25.877 |
23.354 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.525 |
0.525 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.851 |
1.693 |
|
Total Non-Current Assets |
|
27.253 |
25.572 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
20.936 |
30.784 |
|
(c) Trade receivables |
|
75.740 |
35.036 |
|
(d) Cash and cash
equivalents |
|
7.253 |
3.956 |
|
(e) Short-term loans
and advances |
|
1.757 |
4.965 |
|
(f) Other current
assets |
|
17.895 |
17.131 |
|
Total Current Assets |
|
123.581 |
91.872 |
|
|
|
|
|
|
TOTAL |
|
150.834 |
117.444 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.000 |
|
|
2] Share Application Money |
|
|
2.000 |
|
|
3] Reserves & Surplus |
|
|
6.287 |
|
|
4] (Accumulated Losses) |
|
|
4.718 |
|
|
NETWORTH |
|
|
0.000 |
|
|
LOAN FUNDS |
|
|
16.005 |
|
|
1] Secured Loans |
|
|
|
|
|
2] Unsecured Loans |
|
|
14.518 |
|
|
TOTAL BORROWING |
|
|
1.891 |
|
|
DEFERRED TAX LIABILITIES |
|
|
16.409 |
|
|
|
|
|
0.220 |
|
|
TOTAL |
|
|
|
|
|
|
|
|
32.634 |
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
|
|
|
Capital work-in-progress |
|
|
18.657 |
|
|
|
|
|
0.000 |
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
|
|
0.525 |
|
|
|
|
|
0.000 |
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
32.992 |
|
|
Sundry Debtors |
|
|
26.969 |
|
|
Cash & Bank Balances |
|
|
3.104 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
11.779 |
|
Total
Current Assets |
|
|
74.844 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
38.259 |
|
|
Other Current Liabilities |
|
|
17.042 |
|
|
Provisions |
|
|
6.091 |
|
Total
Current Liabilities |
|
|
61.392 |
|
|
Net Current Assets |
|
|
13.452 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.634 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
199.397 |
198.549 |
|
|
|
|
Other Income |
1.344 |
0.374 |
|
|
|
|
TOTAL (A) |
200.741 |
198.923 |
115.881 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
172.494 |
176.362 |
104.919 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
172.494 |
176.362 |
104.919 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.247 |
22.561 |
10.962 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.699 |
3.701 |
2.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.548 |
18.860 |
8.117 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.049 |
2.676 |
2.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
15.499 |
16.184 |
5.655 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
2.235 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
NA |
NA |
3.420 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
50.710 |
36.213 |
12.740 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
250.00 |
215.00 |
114.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
108.300 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 300.000 Millions
The above information has been parted by Mr. Shashikant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.77
|
8.15 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.31
|
13.84 |
6.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.60 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.89
|
0.84 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.12 |
1.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
|
|
|
Business Loan (Indiabulls) |
0.000 |
0.632 |
|
Business Loan (HDFC Bank) |
0.000 |
0.071 |
|
|
|
|
|
TOTAL |
0.000 |
0.703 |
REVIEW OF
OPERATION
During the period the sales turnover of the company has increased
marginally by over Rs. 1.800 Millions and it has crossed the target of Rs. 200.000
Million. Although the financial costs have increased by more than 100%. The
profits before depreciation are still higher, as compared with the earlier
year. In-spite of the global recession, the company has become successful in
obtaining the crucial export orders to the tune of Rs. 113.200 Millions, as
compared to the last year’s Rs. 36.200 Millions. Due to the boost in export
orders they have achieved the sales target of over Rs. 200.000 Millions, and
hence their income has remained stable.
In the ensuing year they have bought simulation software for better
control on the production system and this will help us to reduce levels
drastically. They have also installed and Impact testing machine to cater to
the quality requirements of certain prestigious customers, like Indian
Railways, Simplex and Mesto etc. The Directors are also hopeful of getting good
opening in the Republic of Germany, and look forward for the same.
Many new product developments are already underway for new customers and
the production shall be completed in the latter half of the financial year. In
the current year they have registered their company under IBR. The current year
sale is also expected to be at par with the year 2011-2012.
FORM 8
|
Corporate identity
number of the company |
U27310PN1988PTC046562 |
|
Name of the
company |
TOUGH
CASTING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.E-68, M.I.D.C., Shiroli, Kolhapur-416122, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
The Shamrao Co-operative Bank Limited, Anant Towers, Rajarampuri Road,
Sykes Extension, E Ward, Shahupuri, Kolhapur-416001, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplementary
Deed of Hypothecation. |
|
Date of
instrument Creating the charge |
01.03.2013 |
|
Amount secured by
the charge |
Rs. 12.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest PLR-2% p.a. Terms of repayment 60 EMI of
Rs.3,01,000 p.m. Margin 25% Extent and operation of the charge Charge will
remain in force till repayment of Principal and interest in full. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
present and future stocks of raw materials, goods in process of manufacture and
all finished and manufactured goods and articles, stored or be in or upon or
about the borrowers factories at Plot No. E-68, MIDC, shiroli and godown
located at plot no. E-68, MIDC Shiroli. Hypothecation of
all present and future book debts, outstanding monies, receivables, claims,
bills, rights to or in movables properties and movable assets which are now
due, owing or payable or belonging to the company or which are at any time
hereafter during the continuation of this security become due, owing, payable
or belonging to the company in the course of its business. Hypothecation of
all the plant and machinery, other assets installed at companies factory and
all other tangible movable assets, assets embedded in the earth, plant and
machinery, furniture, fixtures, fittings and other installation, civil work, cranes, computers
and other accessories, Vehicles together with spares, tools and other
accessories and all other articles (present and future) lying on the premises
or in the godowns of the company or in the custody of any person who are
mercantile agents of the company or in the course of transit or on high seas
or in order or delivery. |
TRADE REFERENCES
·
Sonata Traders
FIXED ASSETS
·
Office Equipments
·
Plant and Machinery
·
Bicycle
·
Furniture and Fixtures
·
Leasehold Land
·
Computer Systems
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. 60.05 |
|
|
1 |
Rs. 90.71 |
|
Euro |
1 |
Rs. 78.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.