|
Report Date : |
18.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MONARCH CATALYST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-94, MIDC, Phase I, Dombivli (East), Thane – 421 203, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.11.1983 |
|
|
|
|
Com. Reg. No.: |
11-31365 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.58.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1983PTC031365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
pnem06999g |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5013G |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
manufacturer of Nickel Catalyst for oils and Oleo Chemicals |
|
|
|
|
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 1540000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
General financial position of the company is good 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB+ (Long term bank loan) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk |
|
|
|
|
Rating |
A2 (Letter of Credit) |
|
Rating Explanation |
High degree of safety. It carry low credit risk. |
|
Date |
July 2012 |
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 / Factory: |
A-94, MIDC, Phase I, Dombivli (East), Thane – 421 203, |
|
Tel. No.: |
91-251-2471716/ 2431013/2435591 |
|
Fax No.: |
91-251-2470269 |
|
E-Mail : |
info@monarchcatalyst.com raghu@monarchcatalyst.com |
|
Website : |
www.monarchcatalyst.com |
DIRECTORS
AS ON 30.08.2012
|
Name : |
Mr. Abhishek Dalmia |
|
Designation : |
Director |
|
Address : |
Radha Vihar, 35-B, Prithviraj Road, New Delhi – 110011, India |
|
Date of Appointment : |
05.06.2006 |
|
DIN No.: |
00011958 |
|
Name : |
Mr. Hitesh Chimanlal Vadalia |
|
Designation : |
Managing Director |
|
Address : |
4, Mangal Murti, 3rd Floor, Zaver Road, Mulund (West),
Mumbai – 400080, Maharashtra, India |
|
Experience : |
16 Years |
|
Qualification : |
B.Tech, M. S. |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00463471 |
|
Name : |
Mr. Krishnan Muthukumar |
|
Designation : |
Director |
|
Address : |
31/348, akshar Mahol, |
|
Experience : |
12 years |
|
Qualification : |
B.Com, PGDM |
|
Date of Appointment : |
01.01.1998 |
|
DIN No.: |
00463579 |
|
Name : |
Mr. Shivasubramanian Krishnan |
|
Designation : |
Director |
|
Address : |
4A, Akshay Anand, 7th Road, Sandu Wadi, Chembur, Mumbai -
400071, Maharashtra, India |
|
Experience : |
36 years |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
00463757 |
|
Name : |
Mr. Satish Chandra Katyal |
|
Designation : |
Director |
|
Address : |
A 303-304, Golf Scappe, Sion Trombay Road, Chembur, Mumbai - 400071,
Maharashtra, India |
|
Date of Appointment : |
05.06.2006 |
|
DIN No.: |
00614377 |
|
Name : |
Mr. Shantilal Harilal Vadalia |
|
Designation : |
Director |
|
Address : |
B-1, Flat No. 1001, Lok Everest, 10th Floor, Jathashankar Dosa
Marg, Mulund West, Mumbai – 400080, Maharashtra, India |
|
Date of Birth : |
20.07.1943 |
|
Qualification : |
M.Sc. Tech |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00614424 |
KEY EXECUTIVES
|
Name : |
Mr. Raghunath Subramanian |
|
Designation : |
Secretary |
|
Address : |
304, Gayatri, LT Road, Mulund East, Mumbai – 400081, Maharashtra,
India |
|
Date of Appointment : |
22.07.2008 |
|
PAN No.: |
AAEPR3625A |
|
Name : |
Dr. M R Kalyanp |
|
Designation : |
Head – Technical Services |
|
|
|
|
Name : |
Dr. G P Babu |
|
Designation : |
Head – R and D |
|
|
|
|
Name : |
Mr. Nitin Kotian |
|
Designation : |
Head – Operations |
|
|
|
|
Name : |
Mr. G Arunkumar |
|
Designation : |
Head – Projects |
|
|
|
|
Name : |
Mr. S. Raghunath |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. M G Shah |
|
Designation : |
Head – Finance |
|
|
|
|
Name : |
Mr. N K Neelkantan |
|
Designation : |
Head – Quality Assurance |
|
|
|
|
Name : |
Mr. Vinod Muthukumar |
|
Designation : |
Head – Corporate Strategy |
|
|
|
|
Name : |
Mr. Shrinivas Modak |
|
Designation : |
Head – Sales and
Marketing |
|
|
|
|
Name : |
Mr. Mahendra Kolhekar |
|
Designation : |
Head – Procurement |
|
|
|
|
Name : |
Mr. Murali K Iyer |
|
Designation : |
Head – Administration |
|
|
|
|
Name : |
Mr. Rajan Gunjikar |
|
Designation : |
Head – Manufacturing |
|
|
|
|
Name : |
Mr. Satishkumar Nair |
|
Designation : |
Head – Human Resources |
|
|
|
|
Name : |
Mr. V M Bhamre |
|
Designation : |
Head – Maintenance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shantilal H Vadalia Rekha S Vadalia Hemani S Vadalia |
|
97750 |
|
Rekha S Vadalia Shantilal H Vadalia Hemani S Vadalia |
|
2290 |
|
Shantilal H Vadalia HUF |
|
10 |
|
Vasantha Muthukumar Krishnan M Vinod M |
|
6760 |
|
Krishnan M Vasantha M Vinod M |
|
1500 |
|
Vinod M Vasantha M Krishnan M |
|
9700 |
|
Krishnan M. Reshma Krishnan Vasantha M. |
|
18700 |
|
Reshma Krishnan Krishnan M. Vasantha M. |
|
2090 |
|
Jasumati C. Vadalia Hitesh C. Vadalia Sneha C Vadalia |
|
2000 |
|
Hitesh C Vadalia Rupal H Vadalia |
|
42330 |
|
Rupal H Vadalia Hitesh C Vadalia |
|
21200 |
|
Chimanlal H Vadalia HUF |
|
10 |
|
Hitesh C Vadalia HUF |
|
10 |
|
K Shivsubramanian Geeta S. Vinod M. |
|
14400 |
|
K. Shivsubramanian Geeta S Reshma Krishnan |
|
40500 |
|
K. Shivsubramanian Geeta S Shri Krishnan M |
|
6500 |
|
Geeta Shivsubramanian K Shivsubramanuian Krishnan M. |
|
2100 |
|
Jasumati C. Vadalia Hitesh C Vadalia |
|
34500 |
|
Krishnan Muthukumar Reshma Krishnan |
|
58050 |
|
Reshma Krishnan Krishnan M. |
|
3250 |
|
K Shivsubramanian Geeta S Rashi Muthukumar |
|
36550 |
|
Shridhar Iyer |
|
14500 |
|
Sundar Iyer Vanaja Sunder Iyer |
|
12083 |
|
Siddharth Iyer Sunder Iyer |
|
2417 |
|
Renaissance Asset
Management Company Private Limited, India |
|
75400 |
|
Revathi Equipment
Limited, India |
|
75488 |
|
Total |
|
580088 |
AS ON 30.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
26.00 |
|
Directors or relatives of Directors |
74.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
manufacturer of Nickel Catalyst for oils and Oleo Chemicals |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
ACTIVATED ALLOY CATALYST (AAC) Domestic Customers: · Amoli Organics ·
Associated Drug
Company ·
Atul Limited ·
Aurobindo
Pharma Limited ·
Beekay Finochem
Private Limited ·
Casil Health
Products Limited ·
Colour Chem
Limited ·
Exon
Laboratories Private Limited ·
Hindustan Lever
Limited ·
ICI India
Limited ·
IPCA
Laboratories ·
Jubliant
Organosys Limited ·
Kalpasutra
Industry ·
Lupin Limited ·
Neon
Antibiotics Private Limited ·
Orex Pharma
Private Limited ·
Ranbaxy Labs
Limited ·
RPG
Lifesciences Limited ·
Sanmar
Speciality Chemicals Limited ·
Satyam
Industries ·
Strides Arcolab
Limited ·
Sun
Pharmaceutical Industries Limited ·
Surya
Enterprise ·
Vasudha
Chemical Private Limited ·
Wockhardt
Limited Global Customers: · Pfizer ·
Teva ·
Koffolk NICKEL
CATALYST FOR OILS AND FATS (OFC) Domestic Customers: · Ajanta Soya Limited ·
Amrit Banaspati
Limited ·
Godrej Soaps
Limited ·
Hindustan Lever
Limited ·
JOCIL Limited ·
Nirma Limited ·
Northern
Chemoils Limited ·
Oswal Oils and
Fats Limited ·
Ritesh
International Limited ·
Ruchi Soya
Limited ·
Suraj Vanaspati
Limited ·
Swastik Oleochem
Limited ·
VVF Limited Global Customers: ·
Akzo Nobel (Malaysia)
·
Baerlocher (Germany)
·
Cognis (Germany,
Canada, Malaysia & USA) ·
Greenwell
Global Chemicals (China) ·
Palmoleo (Malaysia) ·
Peter Greven (Germany) ·
Pofachem (Malaysia) ·
Sogis (Italy) ·
TEFAC (Sweden) ·
Twin River
Technologies (USA) ·
Undesa (Italy,
Spain) NOBLE
METAL CATALYST (NMC) Domestic Customers: · Atul Limited ·
Aurobindo
Pharma Limited ·
Chiplun Fine
Chemicals Limited ·
Jubilant
Organosys Limited ·
Lupin Limited ·
Malnad Drugs
and Chemicals Limited ·
Resonance Labs
Limited ·
Strides Arcolab
Limited ·
US Vitamins
Limited ·
Vamsi Labs
Limited ·
Zydus Byk
Healthcare Limited ·
Indswift Labs
Limited ·
Island Veer
Chemie Private Limited ·
Deepak Nitrite
Limited ·
Vasudha Pharma
Chem Limited ·
Farmson
Analgesic Limited |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Standard Chartered Bank Crescenzo, 3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra, Mumbai – 400051, Maharashtra, India · Standard Chartered Bank 90, M G Road, Fort, Mumbai-400001, Maharashtra, India · State bank of India MID Corporate Loan admin Unit Shri Hari Building, RTO Lane, Four Bungalows, Andheri (West), Mumbai – 400053, Maharashtra · India Bank Matunga Bazar Branch, Mumbai, Maharashtra, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India · Barclays Bank Plc 601/603, Ceejay House, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
Sheth doshi and associates Chartered Accountants |
|
Address : |
B-3, 601, Lok Everest, JSD Marg, Mulund West, Mumbai – 400080,
Maharashtra, India |
|
PAN No. : |
AABPD1714H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/-each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
580000 |
Equity Shares |
Rs.100/-each |
Rs. 58.000 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 |
|
58.000 |
58.000 |
|
(b) Reserves & Surplus |
|
327.741 |
273.959 |
|
(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) |
|
385.741 |
331.959 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
42.658 |
38.335 |
|
(c) Other long term liabilities |
|
546.642 |
426.329 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
589.300 |
464.664 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
50.000 |
3.200 |
|
(b) Trade payables |
|
203.073 |
240.779 |
|
(c) Other current
liabilities |
|
26.027 |
12.510 |
|
(d) Short-term provisions |
|
88.934 |
65.971 |
|
Total Current Liabilities (4) |
|
368.034 |
322.460 |
|
|
|
|
|
|
TOTAL |
|
1343.075 |
1119.083 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
528.019 |
425.519 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
60.285 |
6.051 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
588.304 |
431.570 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
55.172 |
24.452 |
|
(b) Inventories |
|
159.940 |
127.097 |
|
(c) Trade receivables |
|
286.640 |
343.152 |
|
(d) Cash and cash
equivalents |
|
5.967 |
3.317 |
|
(e) Short-term loans and
advances |
|
247.052 |
189.495 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
754.771 |
687.513 |
|
|
|
|
|
|
TOTAL |
|
1343.075 |
1119.083 |
|
SOURCES OF
FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
58.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
215.894 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
273.894 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
347.374 |
|
|
2] Unsecured Loans |
|
|
16.700 |
|
|
TOTAL BORROWING |
|
|
364.074 |
|
|
DEFERRED TAX LIABILITIES |
|
|
43.700 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
681.668 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
422.549 |
|
|
Capital work-in-progress |
|
|
1.368 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
23.617 |
|
|
DEFERREX TAX ASSETS |
|
|
7.954 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
75.410 |
|
|
Sundry Debtors |
|
|
198.990 |
|
|
Cash & Bank Balances |
|
|
14.767 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
151.218 |
|
Total
Current Assets |
|
|
440.385 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
159.872 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
56.016 |
|
Total
Current Liabilities |
|
|
215.888 |
|
|
Net Current Assets |
|
|
224.497 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.683 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
681.668 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1526.386 |
1338.259 |
901.648 |
|
|
|
Other Income |
5.239 |
6.631 |
5.112 |
|
|
|
TOTAL (A) |
1531.625 |
1344.890 |
906.760 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
130.760 |
108.758 |
88.941 |
|
|
|
Other Expenses |
1243.118 |
1096.731 |
690.546 |
|
|
|
TOTAL (B) |
1373.878 |
1205.489 |
779.487 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
157.747 |
139.401 |
127.273 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
51.235 |
43.986 |
41.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
106.512 |
95.415 |
86.177 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.436 |
24.773 |
23.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
81.076 |
70.642 |
62.277 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
20.543 |
12.577 |
8.735 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
60.533 |
58.065 |
53.542 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
749.100 |
612.200 |
406.535 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
104.37 |
100.11 |
92.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
3.95
|
4.32 |
5.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.31
|
5.28 |
6.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.320
|
6.35 |
7.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.21 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13
|
0.01 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
2.13 |
2.04 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2012 Rs.
In Millions |
31.03.2011 Rs.
In Millions |
|
Short term
borrowing |
|
|
|
Borrowings |
50.000 |
3.200 |
|
TOTAL |
50.000 |
3.200 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24110MH1983PTC031365 |
|
Name of the
company |
MONARCH CATALYST
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
A-94, MIDC, Phase I, Dombivli (East), Thane – 421 203, Maharashtra,
India |
|
This form is for |
Modification
of Charge |
|
Charge identification
(ID) number of the charge to be modified |
10087414 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Barclays Bank Plc 601/603, Ceejay House, Shiv Sagar Estate, Dr. Annie Besant
Road, Worli, Mumbai - 400018, Maharashtra,
India |
|
Nature of
instrument creating charge |
Letter of Bank
dated 11/09/2012 in respect of the no dues / non utilization of Rs. 56.000
milliions. |
|
Date of
instrument Creating the charge |
11.09.2012 |
|
Amount secured by
the charge |
Rs. 63.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
specified by bank from time to time. Terms of
Repayment As may be
specified by bank from time to time. Margin As may be
specified by bank from time to time. Extent and
Operation of the charge First ranking
Pari passu charge on the immovable
(including Land) of the company at plot A-94 and Plot F1/2 MIDC,Phase I,
Navrang Naka, Dombivli East, for the term loan facility aggregating to INR
63,000,000. Others --- |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
At plot A-94 and
Plot F1/2 MIDC,Phase I, Navrang Naka, Dombivli East, |
|
Date of instrument
modifying the charge |
11.01.2012 |
|
Particulars of
the present modification |
Bank granted Term
Loan of Rs. 56.000 millions against Mortgage on the said Immovable
Properties. The bank enhanced Term Loan Rs.560.000 millions to Rs.119.000 millions and granted Working Capital facility of Rs. 100.000 millions and the
said charge was modified to total facilities of Rs. 219.000 millions. Working
Capital of Rs.100.000 millions was cancelled
and charge was modified to Rs. 119.000 millions Term Loan of Rs.56.000
millions is now repaid and therefore only the Term Loan of Rs. 63.000
millions is existing for the said
securities. |
FIXED ASSETS
· Land
· Buildings
· Other plant and Equipment
· Furniture and Fixtures
· Motor Vehicles
· Computer Equipments
·
Other Equipments
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.59.36 |
|
|
1 |
Rs.89.69 |
|
Euro |
1 |
Rs.77.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|
- |
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.