MIRA
INFORM REPORT
|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJHANS ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 3985, GIDC ,Phase III, Village Dared, Jamnagar – 361004,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.10.2009 |
|
|
|
|
Com. Reg. No.: |
04-058453 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.46.933
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ2009PTC058453 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTR02705D/ RKTR02558D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR5124M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Copper, Alloy and Brass Extrusion. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 85000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears some losses recorded by the company. The external borrowing seems
to be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B- (Long Term Rating) |
|
Rating Explanation |
Having high risk of default regarding timely
servicing of financial obligation. |
|
Date |
January 2013 |
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. Nimesh Mehta |
|
Designation : |
Finance Department |
|
Contact No.: |
91-288-2560111 |
|
Date : |
18.07.2013 |
LOCATIONS
|
Registered Office / Factory: |
Plot No. 3985, GIDC, Phase III, Village Dared, Jamnagar – 361004,
Gujarat, India |
|
Tel. No.: |
91-288-2560111 |
|
Fax No.: |
91-288-2560114 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Ramniklal Keshavji Shah |
|
Designation : |
Director |
|
Address : |
“Sonil”, Summair Club Road, Jamnagar - 361005, Gujarat, India |
|
Date of Birth/Age : |
10.02.1942 |
|
Date of Appointment : |
28.10.2009 |
|
DIN No.: |
00004242 |
|
|
|
|
Name : |
Mr. Milan Chandulal Dodhia |
|
Designation : |
Director |
|
Address : |
Milan, Opposite Jolly Bunglow, Summair Club Road, Jamnagar - 361005,
Gujarat, India |
|
Date of Birth/Age : |
12.08.1961 |
|
Date of Appointment : |
28.10.2009 |
|
DIN No.: |
00158730 |
|
|
|
|
Name : |
Mr. Kailashchandra Laxminarayan Mandawewala |
|
Designation : |
Director |
|
Address : |
Flat No. 402, Ashutosh Apartments, Nirban Road, Opposite Guruduttatreya
Temple, Jamnagar - 361008, Gujarat, India |
|
Date of Birth/Age : |
04.08.1943 |
|
Date of Appointment : |
28.10.2009 |
|
DIN No.: |
00660684 |
|
|
|
|
Name : |
Mr. Nirav Jayendra Dodhia |
|
Designation : |
Director |
|
Address : |
Jasmine, Opposite Joly Bunglow, Jamnagar - 361005, Gujarat, India |
|
Date of Birth/Age : |
06.06.1982 |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
02781912 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anuradha K. Mandawewala |
|
96875 |
|
Arun R. Mandawewala |
|
96875 |
|
Atul / Jyoti Shah |
|
312500 |
|
Atulkumar Motichand Shah |
|
312500 |
|
Chandrakant H. Savla |
|
10000 |
|
Chandulal Raichand HUF |
|
85000 |
|
Chandulal Raichand Shah |
|
30000 |
|
Darshak C. Savla |
|
30000 |
|
Darshan Nitin Savla |
|
130000 |
|
Dhirajlal Karamshi Dodhia |
|
25000 |
|
Dhirajlal Karamshi Dodhia HUF |
|
85000 |
|
Girdharilal L. Mandawewala |
|
96875 |
|
Hansa Dhirajlal Dodhia |
|
270000 |
|
Harshil Dirajlal Dodhia |
|
135000 |
|
Harshil Dirajlal Dodhia HUF |
|
10000 |
|
Himesh R. Shah (HUF) |
|
50000 |
|
Himesh Ramaniklal Shah |
|
80000 |
|
Jasmin J. Dodhia (HUF) |
|
150000 |
|
Jayendra K. Dodhia (HUF) |
|
60000 |
|
Jayendra K. Dodhia |
|
30000 |
|
Kailashchandra L. Mandawewala |
|
96875 |
|
Kamalkumar L. Mandawewala |
|
96875 |
|
Kumudben J. Dodhia |
|
80000 |
|
Lilavantiben R. Shah |
|
200000 |
|
Manisha Jasmin Dodhia |
|
100000 |
|
Milan Chandulal Dodhia |
|
300000 |
|
Milan Chandulal Dodhia (HUF) |
|
90000 |
|
Minakshi Sonil Shah |
|
50000 |
|
Navinchandra Nemchand Savla |
|
127500 |
|
Nilesh Mohanlal Savla |
|
130000 |
|
Nirav Jayendra Dodhia |
|
70000 |
|
Nirav Jayendra Dodhia HUF |
|
70000 |
|
Nitin Mohanlal Savla |
|
127500 |
|
Parth Milan Shah |
|
30000 |
|
Rajvee Shrenik Dodhia |
|
20000 |
|
Rakhee Nirav Dodhia |
|
150000 |
|
Ramaniklal K. Shah |
|
215000 |
|
Rupal Himesh Shah |
|
50000 |
|
Sarojben C. Savla |
|
10000 |
|
Savitaben Velji |
|
10000 |
|
Shrenik Chandulal Dodhia |
|
70000 |
|
Shrenik Chandulal Dodhia (HUF) |
|
100000 |
|
Siddharth Navinchandra Savla |
|
130000 |
|
Sonil Ramaniklal Shah |
|
80000 |
|
Sonil Ramaniklal Shah (HUF) |
|
50000 |
|
Sushilaben Navinchandra Savla |
|
130000 |
|
Sushilkumar G. Mandawewala |
|
96875 |
|
Sweta Harshil Dodhia |
|
30000 |
|
Vishal K. Mandawewala |
|
96875 |
|
Vivek K. Mandawewala |
|
96875 |
|
|
|
|
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
6.25 |
|
Directors or relatives of directors |
|
93.75 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Copper, Alloy and Brass Extrusion. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
USA |
|
|
|
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Imports : |
|
|
Products : |
Metal Scrap |
|
Countries : |
U.K |
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit/ Depend |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
State Bank of India, Near Digvijay Plot Police Station
Gate, Besides Oswal Hospital, Digvijay Plot, Jamnagar - 361005, Gujarat,
India ·
ICICI Bank Limited |
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Facilities : |
(Rs.
In Millions)
Notes: TERM LOAN FROM SBI (a) Term Loan from SBI is primarily secured by hypothecation of plant and machineries and equitable mortgage of factory building and collaterally secured by equitable mortgage of plot no. 3985 at GIDC Phase III at Dared, Jamnagar standing in the name of the company and bank's own term deposit receipt in the name of the company. (b) It is also secured by personal gaurantee given by some of the directors of the company and corporate gaurantee given by Rajhans Metals Private Limited (c) The term loan is repayable in 83 monthly installments (including 5 months moratorium period). Repayment has been started from April 2011. and total repayment upto end of the year is Rs.3.456 Millions (d) The interest rate of term loan is 4.90% over base rate and as at 31st March, 2012 base rate is 9% hence effective rate is 13.90%. CAR LOAN FROM SBI (e) Car Loan from SBI is secured against hypothecation of Motor Car purchased out of loan amount (f) Car Loan is repayablein 87 monthly installments of Rs.0.016 Million. Repayment was started from 14.03.2012
TRUCK LOAN FROM
ICICI (h) Truck Loan from ICICI is secured against hypothecation of Truck purchased out of loan amount (i) Truck Loan is repayable in 24 monthly installments of Rs.0.028 Million. Repayment was started from 22.05.2011. (j) The interest rate of term loan is 11.25%. |
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Maharshi and Company Chartered Accountant |
|
Address : |
“Aparna”, Behind Jeevandeep Hospitals, Off Indira Road, Limda Lane,
Jamnagar-361001, Gujarat, India |
|
Tel. No.: |
91-288-2665023/ 2665024/ 2662637/ 2542491/ 2542492 |
|
Fax No.: |
91-288-2661612 |
|
E-Mail : |
|
|
PAN No.: |
AAPFM6568E |
|
|
|
|
Relatives of Key
Managerial Persons : |
· Rajhans Metals Private Limited · Rajlaxmi Metals Private Limited |
|
|
|
|
Enterprises owned or
significantly influenced by key personal management or their relatives : |
· Rajhans Metals Private Limited · INAC Brass Private Limited · Rajlaxmi Metals Private Limited · Arun Impex Private Limited · Rajhans Enterprise |
CAPITAL STRUCTURE
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4693300 |
Equity Shares |
Rs.10/- each |
Rs.46.933
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 |
|
46.933 |
0.100 |
|
(b) Reserves & Surplus |
|
(25.555) |
(0.606) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
40.177 |
|
Total
Shareholders’ Funds (1) + (2) |
|
21.378 |
39.671 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
173.780 |
143.915 |
|
(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) |
|
173.780 |
143.915 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
324.415 |
0.000 |
|
(b) Trade payables |
|
26.841 |
3.218 |
|
(c) Other current liabilities |
|
1.677 |
0.061 |
|
(d) Short-term provisions |
|
16.241 |
10.750 |
|
Total Current Liabilities (4) |
|
369.174 |
14.029 |
|
|
|
|
|
|
TOTAL |
|
564.332 |
197.615 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
172.801 |
17.891 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
7.038 |
154.946 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
7.000 |
5.000 |
|
(c) Deferred tax assets (net) |
|
12.041 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.055 |
5.151 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
202.935 |
182.988 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
197.419 |
0.438 |
|
(c) Trade receivables |
|
110.912 |
0.000 |
|
(d) Cash and cash equivalents |
|
0.266 |
2.086 |
|
(e) Short-term loans and advances |
|
48.466 |
12.051 |
|
(f) Other current assets |
|
4.334 |
0.052 |
|
Total Current Assets |
|
361.397 |
14.627 |
|
|
|
|
|
|
TOTAL |
|
564.332 |
197.615 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
4.950 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.050 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.050 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
5.551 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.179 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.179 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.669 |
|
|
Other Current Liabilities |
|
|
0.016 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.685 |
|
|
Net Current Assets |
|
|
(0.506) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.050 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
632.273 |
|
|
|
|
|
Other Income |
0.721 |
|
|
|
|
|
TOTAL (A) |
632.994 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded goods |
67.316 |
|
|
|
|
|
Cost of materials consumed |
580.564 |
|
|
|
|
|
Changes in inventories of finished goods work-in-progress |
(105.051) |
|
|
|
|
|
Employee benefits expense |
5.707 |
|
|
|
|
|
Other expenses |
53.788 |
|
|
|
|
|
TOTAL (B) |
602.324 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.670 |
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.102 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(12.432) |
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.679 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(37.111) |
|
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(12.041) |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(25.070) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
156.394 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
156.394 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.000 |
19.596 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
19.596 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.34 |
NA |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
The above information has been parted by Mr. Nimesh Mehta
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.96) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.87) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.90) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.74) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
23.30 |
3.63 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.04 |
0.26 |
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
Yes |
CURRENT MATURITIES OF
LONG TERM DEBTS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Long Term Debts |
|
|
|
|
Current maturities |
8.582
|
10.521 |
0.000 |
|
|
|
|
|
|
Total |
8.582
|
10.521 |
0.000 |
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 31.03.2012 |
As on 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Inter Corporate Deposit |
86.056 |
63.515 |
|
Unsecured Loan |
17.325 |
0.000 |
|
Short Term
Borrowings |
|
|
|
Inter Corporate Deposit |
154.382 |
0.000 |
|
|
|
|
|
Total |
257.763 |
63.515 |
|
Note: 1) The short term borrowing from S.B.I. is secured against hypothication of stock of Brass Scrap, Work-in-Progress, Finished Goods, Book debts (value as per stock statement submitted from time to time) and collaterally secured by equitable mortgage of plot no. 3985 at GIDC Phase III at Dared, Jamnagar standing in the name of the company and bank's own term deposit receipt in the name of the company. 2) It is also secured by personal gaurantee given by some of the directors of the company and corporate gaurantee given by Rajhans Metals Private Limited. 3) The interest rate of Working Capital Loan is 4.50% over base rate and as at 31st March, 2012 base rate is 9% hence effective rate is 13.50%. 4) Working Capital Loan of SBI is repayable on
demand. |
||
NOTE: Registered office has
been shifted from 21/3, Shankar Tekri, Udyognagar, Jamnagar - 361004, Gujarat,
India to the present address w.e.f. 08.03.2011
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U27109GJ2009PTC058453 |
|
Name of the
company |
RAJHANS ALLOYS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.3985, GIDC Phase III, Village Dared, Jamnage-361004, Gujarat,
India E-mail: info@jainandmaharishi.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10273755 |
|
Type of charge |
Immovable
Property |
|
Particular of charge
holder |
State Bank of India, Near Digvijay Plot Police Station Gate, Besides
Oswal Hospital, Digvijay Plot, Jamnagar-361005, Gujarat, India E-mail: sbi.60087@sni.co.in |
|
Nature of
instrument creating charge |
Letter of Renewal
of Term Loan and Working Capital Agreement Dated 14.05.2012. |
|
Date of
instrument Creating the charge |
14.05.2012 |
|
Amount secured by
the charge |
Rs. 254.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Margin A Fund Based
Limits Raw Materials:
Imported - 20%. Raw Materials:
Indigenous - 20% Semi-Finished
Goods - 20% Finished Goods -
20% Components/
Consumable/ Spares - 20% Domestic Receivables
- 30% Export Packing
Credit - 10% Term Loan -
61.53% B Non-Fund Based
Limits Letters of
Credit/ Buyers Credit - 25% By Way Of Bank's TDR Bank Guarantees -
25% Cash or TDR For Norma Cases. - 100% In case of
guarantees issued for disputed cases/matters. |
|
Short particulars
of the property charged (Including location of the property) |
Factory Land and
building situated on plot no.3985 of land bearing RS No. 13 paiki Admeasuring total 12553.77 aq Mt situated at
GIDC Phase III, within village limits of Dared Taluka and District Jamnagar |
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. 59.71 |
|
|
1 |
Rs. 90.59 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.