MIRA
INFORM REPORT
|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURVIVAL TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23 Ahoora Mahal, 6th Floor, 93, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154265 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2005PTC154265 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fine and Specialty Chemicals. |
|
|
|
|
No. of Employees
: |
110 (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 410000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has shown better growth in its operations and profit
during 2012. However, the company requires large working capital and there exists
risk associated with the volatility in raw material prices. Trade relations are fair. Business is active. Payment terms are 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.
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 |
BB- (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
04.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
04.07.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjeev |
|
Designation : |
Vice President Finance |
|
Contact No.: |
91-22-42128216 |
|
Date : |
20.06.2013 |
LOCATIONS
|
Registered Office : |
23 Ahoora Mahal, 6th Floor, 93, |
|
Tel. No.: |
91-22-42128216 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
113, Yusuf Building, 1st Floor, Veer Nariman Road, Fort,
Mumbai-400001, Maharashtra, India |
|
Tel. No.: |
91-22-4218280/ 81 |
|
Fax No.: |
91-22-42128226 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. 9110/ 1 and 9111/1, G.I.D.C Estate, Opposite Ion Exchange
Factory, Ankleshwar, District Bharuch-393002, |
|
Tel. No.: |
91-2646-227295 |
|
Fax No.: |
91-2646-227260 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. C-1/B-7003, G.I.D.C Estate, Ankleshwar, District
Bharuch-393002, |
|
Tel. No.: |
91-2646-222097/ 98 |
|
Fax No.: |
91-2646-222398 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vijaykumar Raghunandanprasad Agrawal |
|
Designation : |
Director |
|
Address : |
23, Ahoora Mahal, 6th Floor, 93, |
|
Date of Birth/Age : |
13.03.1952 |
|
Date of Appointment : |
27.06.2005 |
|
DIN No.: |
01710632 |
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 |
L24110MH1992PLC065942 |
EMMESSAR
BIOTECH AND NUTRITION LIMITED |
Director |
17-03-92 |
17-03-92 |
Active |
NO |
|
2 |
U51496MH2002PTC137268 |
AGARWAL
CHEMICAL AGENCIES PRIVATE LIMITED |
Director |
18-09-02 |
18-09-02 |
Active |
NO |
|
3 |
U74999MH2005PTC154265 |
SURVIVAL
TECHNOLOGIES PRIVATE LIMITED |
Director |
27-06-05 |
27-06-05 |
Active |
NO |
|
4 |
U24230AP1997PLC028095 |
LEE
PHARMA LIMITED |
Director |
27-09-07 |
27-09-07 |
Active |
NO |
|
5 |
U24100MH2013PTC240542 |
RUDRA
SPECIALITY CHEM PRIVATE LIMITED |
Director |
16-02-13 |
16-02-13 |
Active |
NO |
|
Name : |
Ms. Nimai Vijay Agrawal |
|
Designation : |
Director |
|
Address : |
23, Ahoora Mahal, 6th Floor, 93, |
|
Date of Birth/Age : |
11.02.1984 |
|
Date of Appointment : |
27.06.2005 |
|
DIN No.: |
01501234 |
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 |
U74999MH2005PTC154265 |
SURVIVAL
TECHNOLOGIES PRIVATE LIMITED |
Director |
27-06-05 |
27-06-05 |
Active |
NO |
|
2 |
U24100MH2013PTC240542 |
RUDRA
SPECIALITY CHEM PRIVATE LIMITED |
Director |
16-02-13 |
16-02-13 |
Active |
NO |
|
Name : |
Mr. Prashant Jugalkishore Ruia |
|
Designation : |
Director |
|
Address : |
26-27, Aditya Society, Bholav, Bharuch-392002, |
|
Date of Birth/Age : |
06.10.1972 |
|
Date of Appointment : |
27.06.2005 |
|
PAN No.: |
ACDPR4762R |
|
Date of Cessation : |
25.10.2012 |
|
DIN No.: |
01564762 |
|
|
|
|
Name : |
Mr. Ramendra Girirajkishore Dixit |
|
Designation : |
Director |
|
Address : |
B-102, C.R. Chambers, Old NHS, Bharuch-393002, |
|
Date of Birth/Age : |
21.08.1972 |
|
Date of Appointment : |
27.06.2005 |
|
PAN No.: |
AEWPD8862R |
|
DIN No.: |
01506893 |
|
|
|
|
Name : |
Mrs. Prabha Vijay Agrawal |
|
Designation : |
Director |
|
Address : |
23, Ahoora Mahal, 6th Floor, 93, |
|
Date of Birth/Age : |
17.03.1954 |
|
Date of Appointment : |
27.06.2005 |
|
DIN No.: |
01793823 |
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 |
U51496MH2002PTC137268 |
AGARWAL
CHEMICAL AGENCIES PRIVATE LIMITED |
Director |
18-09-02 |
18-09-02 |
Active |
NO |
|
2 |
U74999MH2005PTC154265 |
SURVIVAL
TECHNOLOGIES PRIVATE LIMITED |
Director |
27-06-05 |
27-06-05 |
Active |
NO |
|
3 |
U24100MH2013PTC240542 |
RUDRA
SPECIALITY CHEM PRIVATE LIMITED |
Director |
16-02-13 |
16-02-13 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev |
|
Designation : |
Vice President Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Jugalkishore Ruia |
47500 |
|
Jugalkishore Ruia HUF |
2500 |
|
Manju Ruia |
80000 |
|
Prashant Ruia |
45000 |
|
Ramendra Dikshit |
65000 |
|
Nimai Agrwal |
1255000 |
|
Gauri Agrwal |
6100 |
|
Prabha Agrwal |
250000 |
|
Vijay Agrwal |
3248900 |
|
TOTAL
|
5000000 |
AS ON 12.03.2013
|
Names of Allottees |
No. of Shares |
|
Nimai Agrwal |
200000 |
|
Prabha Agrwal |
40000 |
|
Vijay Agrwal |
510000 |
|
TOTAL
|
750000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fine and Specialty Chemicals. |
|
|
|
|
Exports : |
|
|
Countries : |
·
USA ·
Germany ·
Japan |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Customers : |
OEM’s |
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|||||||||||||||||||||
|
No. of Employees : |
110 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Sakinaka Branch, J P House,
Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra,
India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Bhageria and
Associates Chartered Accountant |
|
Address : |
122, Trinity Building, S.S. Gaikwad Road, Dhobi Talao, Mumbai-400002,
Maharashtra, India |
|
PAN No.: |
ABHFS8399G |
|
|
|
|
Associates : |
Agarwal Chemical Agencies |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5750000 |
Equity Shares |
Rs.10/- each |
Rs. 57.500 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 |
|
50.000 |
28.500 |
|
(b) Reserves & Surplus |
|
45.387 |
17.572 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
8.000 |
6.500 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
68.406 |
57.586 |
|
(b) Deferred tax liabilities (Net) |
|
1.011 |
0.883 |
|
(c) Other long term liabilities |
|
0.000 |
0000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
141.319 |
78.691 |
|
(c) Other current
liabilities |
|
16.951 |
12.121 |
|
(d) Short-term provisions |
|
25.211 |
4.559 |
|
TOTAL |
|
356.285 |
206.412 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
82.738 |
53.452 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
4.464 |
|
(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 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
50.345 |
61.797 |
|
(c) Trade receivables |
|
196.088 |
74.632 |
|
(d) Cash and cash
equivalents |
|
0.949 |
0.421 |
|
(e) Short-term loans
and advances |
|
13.998 |
8.574 |
|
(f) Other current
assets |
|
12.167 |
3.072 |
|
TOTAL |
|
356.285 |
206.412 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
28.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
9.292 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
37.792 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
63.081 |
|
|
2] Unsecured Loans |
|
|
0.309 |
|
|
TOTAL BORROWING |
|
|
63.390 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.877 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
102.059 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
57.303 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
33.281 |
|
|
Sundry Debtors |
|
|
40.974 |
|
|
Cash & Bank Balances |
|
|
0.652 |
|
|
Other Current Assets |
|
|
0.701 |
|
|
Loans & Advances |
|
|
4.841 |
|
Total
Current Assets |
|
|
80.449 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
31.715 |
|
|
Other Current Liabilities |
|
|
0.169 |
|
|
Provisions |
|
|
3.836 |
|
Total
Current Liabilities |
|
|
35.720 |
|
|
Net Current Assets |
|
|
44.729 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.027 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
102.059 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
454.868 |
271.975 |
167.347 |
|
|
|
Other Income |
3.959 |
0.082 |
1.479 |
|
|
|
TOTAL (A) |
458.827 |
272.057 |
168.826 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
311.004 |
216.814 |
|
|
|
|
Employee’s Benefit Expenses |
26.141 |
21.926 |
|
|
|
|
Other Administrative Expenses |
51.548 |
36.409 |
|
|
|
|
Change in Inventory |
11.451 |
(28.515) |
|
|
|
|
TOTAL (B) |
400.144 |
246.634 |
146.647 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.683 |
25.423 |
22.179 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.310 |
7.128 |
4.685 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.373 |
18.295 |
17.494 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
7.741 |
7.617 |
5.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
42.632 |
10.678 |
12.359 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.488 |
3.428 |
4.053 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
27.144 |
7.250 |
8.306 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
76.700 |
35.512 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.43 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
770.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 800.000 Millions
The above information has been parted by Mr. Sanjeev.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.92
|
2.66 |
4.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.37
|
3.93 |
7.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.58
|
5.29 |
8.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.20 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66
|
1.10 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49
|
1.56 |
2.25 |
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 |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans and Advances From Directors |
5.771 |
5.977 |
|
Loans and Advances from Others |
2.800 |
2.800 |
|
|
|
|
|
TOTAL |
8.571 |
8.777 |
OPERATING RESULTS
AND FINANCIAL HIGHLIGHTS
The company has
earned a sum of Rs. 454.867 Millions (previous year Rs. 271.975 Millions) by
way of Turnover and Other income amounting to Rs. 3.959 Millions (previous year
Rs. 0.082 Million). Therefore the total gross receipts of the company comes to
Rs. 458.827 Millions (previous year Rs. 272.057 Millions) After incurring all
expenditure and provisions for Deferred Tax Liability of Rs. 0.127 Million
(previous year Rs. 0.06 Million) and depreciation of Rs.7.741 Millions
(previous year Rs.7.617 Millions) and current Income Tax Rs.15.360 Millions
(previous year Rs. 3.422 Millions) there was a net profit of Rs.27.143 Millions
(previous year Rs.7.250 Millions). Further both Phase I and Phase II Plants are
working in full swing and the directors are hopeful for better performance in
the current year.
FORM 8
|
Corporate
identity number of the company |
U74999MH2005PTC154265 |
|
Name of the
company |
SURVIVAL
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
23 Ahoora Mahal, 6th Floor, 93, Marine Drive, G Road, Mumbai-400002, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10160008 |
|
Type of charge |
·
Immovable
property ·
Any
interest in immovable property |
|
Particular of
charge holder |
Bank of Baroda, Sakinaka Branch, J P House, Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India |
|
Nature of
instrument creating charge |
Third Extension
of Mortgage by Memorandum of Deposit of Title Deeds |
|
Date of instrument
Creating the charge |
20.04.2013 |
|
Amount secured by
the charge |
Rs. 157.679
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest to be charges
as per sanction/review of the account from time to time Terms of repayment Repayable as per
sanction/review letter of the bank Margin as per sanction
letter of the bank Extent and operation of the charge The charge is
modified to secure the due repayment, discharge and redemption by the Company
to the Bank for its TL I (Review) Rs.1.112 Millions, TL II (Review) Rs. 8.412
Millions, TL III (Review) Rs.0.291 Million, TL IV (Review) Rs. 0.364 Million,
Line of Credit ((Hypothecation of Stocks and Book Debts) Rs.140.000 Millions
(sub limit Rs. 50.000 Millions fresh)), LC-DP/DA for 90 days, Bank
Guarantee-financial performance Rs.5.000 Millions, PC/PCFC up to 120 days and
booking of forward contract Rs 2.500 Millions aggregating to Rs.157.679
Millions. Other The loan/credit
facilities aggregate amount of Rs.157.679 Millions is secured together with
interest, additional interest, further interest by way of liquidated damages,
compound interest, commitment charges, premium on repayment or on redemption,
costs charges and expenses thereon. |
|
Short particulars
of the property charged (Including location of the property) |
1)
All
that piece and parcel of land known as Plot No.9111/1 and 9110/1 in the Ankleshwar
Industrial Area consisting of revenue Survey No.112 and 113 within the
village limit of Gujarat, Taluka Ankleshwar District Bharuch, admeasuring
above 4999.50 sq. mtrs. 2)
All
that piece and parcel of land bearing Ankleshwar Industrial Area/Estate/Plot
shed No.C-1-7003 at GIDC Ankleshwar Survey No.216/P, 218/P within the village
of Jitali Taluka Ankleshwa District Bharuch Industrial Area. Notified Area
admeasuring about 704.00 sq. mtrs. |
|
Date of
instrument modifying the charge |
20.09.2011 |
|
Particulars of
the present modification |
The charge is
increased from Rs. 95.976 Millions to Rs. 157.679 Millions TL I (Review) -
Rs.1.112 Millions, TL II (Review) - Rs.8.412 Millions, TL III (Review) - Rs.
0.291 Million, TL IV (Review) - Rs. 0.364 Million, Credit (Hypothecation of
Stocks and Book Debts) - Rs.140.000 Millions (sub-limit Rs.50.000 Millions),
LC-DP/DA 90 days Rs. 60.000 Millions, Bank Guarantee-financial / performance
Rs. 5.000 Millions, PC/PCFC 90 days Rs. 30.000 Millions, Booking of forward
contract- Credit Exposure 5% of the limit i.e. Rs. 2.500 Millions |
FIXED ASSETS
·
Factory Building
·
Plant and Machinery
·
Air Conditioner
·
D G Sets
·
Laboratory
·
Pipe Fittings
·
Refrigerator
·
Electric- Fittings
·
Computers
·
Office Equipments
·
Office - Furniture
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. 59.70 |
|
|
1 |
Rs. 92.21 |
|
Euro |
1 |
Rs. 79.18 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
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.