MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANJAY CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit G-1, 5th Floor, Kanmoor House Condominium, 281/287,
Narsi Natha Street, Mumbai – 400009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.10.2000 |
|
|
|
|
Com. Reg. No.: |
11-129290 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.578
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51434MH2000PTC129290 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27686B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2929E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Chemicals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (38) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2290000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : BB+ |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation. |
|
Date |
April, 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. Karan Rathod |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40361100 |
LOCATIONS
|
Registered/ Head Office : |
Unit G-1, 5th Floor, Kanmoor House Condominium, 281/ 287,
Narsi Natha Street, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-40361100/ 66312988/ 66313088 |
|
Mobile No.: |
91-9821094067 (Mr. Dilip Parmar) |
|
Fax No.: |
91-22-23754337 |
|
E-Mail : |
scipl.mumbai@sanjaychemindia.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: Gandhidham Vapi Hyderabad |
|
|
|
|
Overseas Office : |
Sanjay Chemicals Singapore Pte. Limited 89 Short Street, #B1-11, Golden Wall Centre, Singapore (188216 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Dilip Vijayraj Parmar |
|
Designation : |
Managing director |
|
Address : |
Flat 507-8, 5th Floor, Matruchaya, Building 378/80, N Natha Street,
Mandavi, Mumbai - 400003, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AACPP6972C |
|
DIN No.: |
00867949 |
|
|
|
|
Name : |
Mr. Sanjay Vijayrajji Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg,
Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
08.01.1974 |
|
Qualification : |
BA |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AADPP7910K |
|
DIN No.: |
00478460 |
|
|
|
|
Name : |
Mr. Manoj Vijayraj Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai –
400012, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1968 |
|
Qualification : |
BSC |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AADPP7905Q |
|
DIN No.: |
02452281 |
|
|
|
|
Name : |
Mr. Vijayraj Multanmal Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai –
400012, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1944 |
|
Qualification : |
SSC |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AACPP6971B |
|
DIN No.: |
02452291 |
KEY EXECUTIVES
|
Name : |
Mr. Karan Rathod |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 28.03.2012
|
Names of Allottees [Equity Shares] |
|
No. of Shares |
|
Gunwanti D. Parmar |
|
12000 |
|
Monik D. Parmar |
|
32000 |
|
|
|
|
|
Total |
|
44000 |
AS ON 28.03.2012
|
Names of Allottees [Equity Shares] |
|
No. of Shares |
|
Sanjay V. Parmar |
|
48000 |
|
Dilip V. Parmar |
|
80000 |
|
Manoj V. Parmar |
|
26000 |
|
Vijayraj M. Parmar |
|
36000 |
|
Kanchan V. Parmar |
|
20000 |
|
|
|
|
|
Total |
|
210000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
34.49 |
|
Directors
or relatives of directors |
|
65.51 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Chemicals. |
|
|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
Ø China Ø Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Ø Development
Credit Bank Limited, 601 and 602, Peninsula Business Park, 6th Floor,
Tower A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra,
India Ø Development
Credit Bank Limited, 301, Trade Plaza, 414, Veer Savarkar Marg, Prabhadevi,
Mumbai – 400025, Maharashtra, India Ø Development Credit Bank Limited, 154, S V Road, East Dongri, Mumbai – 400009, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MGB and Company Chartered Accountants |
|
Address : |
101-A Jolly
Bhavan No. 2, Opposite Nirmala Niketan, 7 New Marine Lines, Churchgate,
Mumbai – 400020, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM5742R |
|
|
|
|
Related Parties : |
Ø Scorpio Exim
Private Limited [U52321MH2005PTC158479] Ø Zany Share
Trading Private Limited [U67120MH2006PTC159576] |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital : Rs. 40.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 31.978
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,550,000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.500 Millions |
|
45,000 |
Preference Shares |
Rs. 100/- each |
Rs. 4.500 Millions |
|
|
Total |
|
Rs. 40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,683,700 |
Equity Shares |
Rs. 10/- each |
Rs. 26.837
Millions |
|
27,407 |
Preference Shares |
Rs. 100/- each |
Rs. 2.741
Millions |
|
|
Total |
|
Rs. 29.578 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 |
|
29.578 |
27.038 |
|
(b) Reserves & Surplus |
|
543.436 |
468.812 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.429 |
0.441 |
|
(c) Other long
term liabilities |
|
1575.371 |
1551.727 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
liabilities |
|
|
|
|
(a)
Short term borrowings |
|
62.765 |
130.399 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
58.623 |
62.641 |
|
(d) Short-term
provisions |
|
0.000 |
0.613 |
|
TOTAL |
|
2270.202 |
2241.671 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.108 |
4.834 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9.101 |
0.418 |
|
(e)
Other Non-current assets |
|
7.890 |
43.528 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
434.306 |
375.604 |
|
(c) Trade receivables |
|
1372.691 |
1629.846 |
|
(d) Cash and cash equivalents |
|
374.322 |
144.533 |
|
(e) Short-term loans and advances |
|
36.551 |
19.000 |
|
(f) Other current assets |
|
30.233 |
23.908 |
|
TOTAL |
|
2270.202 |
2241.671 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
17.458 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
210.580 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
228.038 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.927 |
|
|
2] Unsecured Loans |
|
|
239.387 |
|
|
TOTAL BORROWING |
|
|
240.314 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.446 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
468.798 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.285 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
323.512
|
|
|
Sundry Debtors |
|
|
1337.771
|
|
|
Cash & Bank Balances |
|
|
98.840
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
65.348
|
|
Total
Current Assets |
|
|
1825.471 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1334.480
|
|
|
Other Current Liabilities |
|
|
6.902
|
|
|
Provisions |
|
|
19.576
|
|
Total
Current Liabilities |
|
|
1360.958 |
|
|
Net Current Assets |
|
|
464.513 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
468.798 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5467.279 |
5323.321 |
4415.638 |
|
|
|
Other Income |
N.A. |
N.A. |
14.101 |
|
|
|
TOTAL (A) |
N.A. |
N.A. |
4429.739 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
4293.497 |
|
|
|
Personal Cost |
|
|
6.847 |
|
|
|
Administrative and Other Expenses |
|
|
76.719 |
|
|
|
TOTAL (B) |
N.A. |
N.A. |
4377.063 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
52.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
26.564 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.975 |
44.042 |
26.112 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.823 |
0.734 |
0.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.152 |
43.308 |
25.472 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.489 |
14.996 |
9.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.663 |
28.312 |
16.290 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
72.134 |
43.822 |
27.532 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
85.797 |
72.134 |
43.822 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
15.361 |
0.000 |
8.742 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
1823.405 |
1567.800 |
1019.608 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.04 |
15.14 |
11.07 |
|
%20PRIVATE%20LIMITED%20-%20225786%2017-Jun-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20225786%2017-Jun-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A. |
N.A. |
0.37
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.39
|
0.81 |
0.58
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.93
|
1.93 |
1.39
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.09 |
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11
|
0.26 |
1.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
18.52
|
11.32 |
1.34
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
27.609 |
37.647 |
|
Loans and advances from related parties |
16.499 |
13.285 |
|
Loans and advances from directors |
1.227 |
0.124 |
|
Total |
45.335 |
51.056 |
Note:
The registered office of the company has been shifted from 507
Matruchhaya Building, 378/80 Narsi Natha Street, Mumbai - 400009, Maharashtra,
India to the present w.e.f.01.08.2012
PERFORMANCE
The Company’s
Turnover during the year has increased to Rs. 5467.279 millions as compared to
previous years Rs. 5323.321 millions. The Net Profit after tax during the year
has also increased to Rs. 13.663 millions as compared to previous years Rs.
28.312 millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51434MH2000PTC129290 |
|
Name of the
company |
SANJAY CHEMICALS
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit G-1, 5th Floor, Kanmoor House Condominium, 281/287,
Narsi Natha Street, Mumbai – 400009, Maharashtra, India Email: kamlesh@sanjaychemindia.com
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10211615 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Development Credit Bank Limited, 601 and 602, Peninsula Business Park,
6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai -
400013, Maharashtra, India Email: vijaykurankar@dcbbank.com
CIN No.: L99999MH1995PLC089008 |
|
Nature of
description of the instrument creating or modifying the charge |
Second
Supplemental Joint Deed of Hypothecation dt. 15.06.2012 Facilities
sanctioned by DCB Rs. 255.000
Millions
OBC Rs 408.800 Millions ICICI Bank Rs. 470.000 Millions
UBI Rs 300.000 Millions Citi
Bank Rs 170.000 Millions
Total Rs.1603.800
Millions |
|
Date of
instrument Creating the charge |
15.06.2012 |
|
Amount secured by
the charge |
Rs. 1603.800
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Details of
Charge Holders Terms of Repayment As per Details of
Charge Holders Margin As per Details of
Charge Holders Extent and Operation of the charge The Charge is
operative and modified for Rs.1603.800 Millions. By consent of all the
Parties, viz., Development Credit Bank Limited and ICICI Bank Limited and
Oriental Bank of Commerce and Union Bank of India and Citibank N.A.,
Development Credit Bank Limited is designated and recognized as the Lead Bank
under Consortium called as."Development Credit Bank Limited
Consortium" |
|
Short particulars
of the property charged |
First pari-passu charge on: The whole of the
Current Assets of the Borrower namely, Stocks of Raw Materials, Stocks in
Process, Semi-Finished and Finished Goods, Stores and Spares not relating to
Plant and Machinery (Consumable Stores and Spares), Bills Receivable and Book
Debts and all other movables, both present and future whether now lying loose
or in cases or which are now lying loose or in cases or which are now lying
or stored in or about or shall hereinafter from time to time during the
continuance of the security of these presents be brought into or upon or be
stored or be in or about of the Borrowers factories, premises and godowns
situate at Mumbai and / or anywhere in India or wherever else the same may be
or be held by any party to the order of disposition of the borrower or in the
course of transit or on high seas or on order, or delivery , howsoever and
where so ever in the possession of the Borrower and either by way of
substitution or addition. |
|
Date of
Modification |
10.02.2011 |
|
Particulars of
the present modification |
By this present
modification, the total charge gets enhanced to Rs.1603.800 Millions as
detailed below:- DCB Rs.255.000 Millions ICICI Rs.470.000 Millions OBC Rs.408.800 Millions UBI Rs.300.000 Millions CITIBANK
Rs.170.000 Millions ----------------------- Total Rs.1603.800 Millions ============== Other Terms and
Conditions remain unchanged. |
FIXED
ASSETS
Ø
Land and Building
Ø
Office premises
Ø
Office equipments
Ø
Air conditioners
Ø
Furniture and fixtures
Ø
Vehicles
Ø Computers equipments
Ø Office equipment
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. 57.74 |
|
|
1 |
Rs. 90.64 |
|
Euro |
1 |
Rs. 77.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
38 |
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.