MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RANGANI ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B/H Maxcell
Containor, 5 Survey No. 267/2, Plot No. 8, Shapar, Veraval – 360002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.07.1996 |
|
|
|
|
Com. Reg. No.: |
04-030187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.950
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1996PTC030187 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter Industrial Machine, Machine
Tools, Flanges and Pipe Fitting. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 72000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per the available financials and director report as on 2011-2012,
there appears an increase in the net profit of the company. External
borrowing seems to be increasing. However, the position of reserves is good. Trade relations are fair. Business is active. Payment terms 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. R.B. Rangani |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9825075813 |
|
Date : |
15.06.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B/H Maxcell
Containor, 5 Survey No. 267/2, Plot No. 8, Shapar, Veraval – 360002, Gujarat,
India |
|
Tel. No.: |
91-2827-253241 |
|
Mobile No.: |
91-9825075813 [Mr. R.B. Rangani] |
|
Fax No.: |
91-2827-253240 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No 258, Plot No 5 To 11, NH 8 B, Shapar, Gujarat, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shamji Bhima Rangani |
|
Designation : |
Director |
|
Address : |
“Chandani”, 1 Alka Society, B/h Alka Community Hall, Rajkot, Gujarat, India
|
|
Date of Appointment : |
12.07.1996 |
|
DIN No.: |
01028006 |
|
|
|
|
Name : |
Mr. Ganesh Bhimabhai Rangani |
|
Designation : |
Director |
|
Address : |
“Chandani”, 1 Alka Society, B/h Alka Community Hall, Rajkot, Gujarat,
India |
|
Date of Appointment : |
12.07.1996 |
|
DIN No.: |
01028178 |
|
|
|
|
Name : |
Mrs. Lataben Kanji Rangani |
|
Designation : |
Director |
|
Address : |
“Chandani”, 1 Alka Society, B/h Alka Community Hall, Rajkot, Gujarat,
India |
|
Date of Appointment : |
05.06.1997 |
|
DIN No.: |
01028266 |
|
|
|
|
Name : |
Mr. Kanji Bhima Rangani |
|
Designation : |
Director |
|
Address : |
“Chandani”, 1 Alka Society, B/h Alka Community Hall, Rajkot, Gujarat,
India |
|
Date of Appointment : |
12.07.1996 |
|
DIN No.: |
01028350 |
|
|
|
|
Name : |
Mr. Rameshbhai Bhimabhai Rangani |
|
Designation : |
Director |
|
Address : |
“Chandani”, 1 Alka Society, B/h Alka Community Hall, Rajkot, Gujarat,
India |
|
Date of Appointment : |
05.06.1997 |
|
DIN No.: |
01028416 |
KEY EXECUTIVES
|
Name : |
Mr. R.B. Rangani |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Valiben B. Rangani |
|
33400 |
|
Bhimjibhai K. Rangani |
|
30000 |
|
Ganesh Bhimabhai Rangani |
|
40100 |
|
Kanji Bhima Rangani |
|
79400 |
|
Lataben Kanji Rangani |
|
21730 |
|
Laxmiben B. Rangani |
|
20370 |
|
Rameshbhai Bhimabhai Rangani |
|
40000 |
|
Shamji Bhima Rangani |
|
30000 |
|
|
|
|
|
Total |
|
295000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter Industrial Machine, Machine
Tools, Flanges and Pipe Fitting. |
|
|
|
|
Exports : |
|
|
Products : |
Machine |
|
Countries : |
¯ USA ¯ Middle East ¯ Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
¯ Accurate Industries ¯ Akash Trading ¯ Devkishm Holding Company ¯ Flowtech Engineers and
Manufacturers ¯ GS Caltex India Private Limited ¯ Hindustan Heat Treatment ¯ Innovative Engineering Products ¯ Jacktech Hydraulics ¯ Jaydeep Oxygen Private Limited ¯ Kohinoor Paints ¯ Laxmi Exporters ¯ Macons Hydraulic ¯ Megha Roto-Tech Private Limited ¯ Parts Trading Corporation ¯ Ravi Metal Treatment ¯ Reliance Petro Marketing Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Others ¯ Ambuja Cements Limited ¯ Bhavani Industries ¯ Finolex Cables Limited ¯ G H Industries ¯ Gujarat State Fertilizers and
Chemicals ¯ Heavy Metal & Tubes Limited ¯ Hindustan Alluminium ¯ Jay Gaskets Private Limited ¯ Paramount Forge ¯ Pioneer Forge and Fittings ¯ Quality Auto Components Private
Limited ¯ Sandon Casting Private Limited ¯ Sanjay Sales Private Limited ¯ Senor Metals Private Limited ¯ Unicorn Auto and Forge ¯ Windston Spring Private Limited ¯ V K Industrial Corporation |
||||||||||||||||||
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||||||||||||||||||
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No. of Employees : |
100 (Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
Development
Credit Bank Limited, 601 and 602, 6th Floor, Peninsula Business Park, Tower
A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
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||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jatin Chudasama and Company Chartered Accountants |
|
Address : |
Parekh Street, Main Bazar, District Amreli, Bagasara – 365440,
Gujarat, India |
|
Mobile No.: |
91-9227600952 |
|
Income-tax
PAN of auditor or auditor's firm : |
AEEPC7124H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
295,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.950
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 |
|
2.950 |
2.950 |
|
(b) Reserves & Surplus |
|
15.016 |
14.120 |
|
(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) |
|
17.966 |
17.070 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
37.092 |
27.953 |
|
(b) Deferred tax liabilities (Net) |
|
0.118 |
0.118 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
37.210 |
28.071 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
3.857 |
2.281 |
|
(b)
Trade payables |
|
7.798 |
6.579 |
|
(c)
Other current liabilities |
|
0.070 |
0.124 |
|
(d) Short-term
provisions |
|
0.987 |
1.329 |
|
Total Current Liabilities
(4) |
|
12.712 |
10.313 |
|
|
|
|
|
|
TOTAL |
|
67.888 |
55.454 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
6.306 |
7.158 |
|
(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 |
|
0.089 |
0.031 |
|
(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 |
|
6.395 |
7.189 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
28.670 |
24.403 |
|
(c)
Trade receivables |
|
22.148 |
9.125 |
|
(d) Cash
and cash equivalents |
|
0.974 |
1.103 |
|
(e)
Short-term loans and advances |
|
6.724 |
13.534 |
|
(f) Other
current assets |
|
2.977 |
0.100 |
|
Total
Current Assets |
|
61.493 |
48.265 |
|
|
|
|
|
|
TOTAL |
|
67.888 |
55.454 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.950 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
13.621 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
16.571 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.824 |
|
|
2] Unsecured Loans |
|
|
8.177 |
|
|
TOTAL BORROWING |
|
|
16.001 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.154 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.726 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.058 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.031 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
16.422 |
|
|
Sundry Debtors |
|
|
11.286 |
|
|
Cash & Bank Balances |
|
|
0.524 |
|
|
Other Current Assets |
|
|
2.101 |
|
|
Loans & Advances |
|
|
3.230 |
|
Total
Current Assets |
|
|
33.563 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.924 |
|
|
Other Current Liabilities |
|
|
4.002 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
8.926 |
|
|
Net Current Assets |
|
|
24.637 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.726 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
59.696 |
31.769 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
55.434 |
29.073 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.262 |
2.696 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.411 |
1.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1.851 |
1.659 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.037 |
1.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
0.814 |
0.498 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
0.263 |
0.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.932 |
0.551 |
0.314 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
13.621 |
13.548 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
14.172 |
13.862 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
15.784 |
0.076 |
2.905 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.16 |
1.87 |
1.06 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
|
|
|
|
|
The above information has been parted by Mr. R.B. Rangani [Chief
Executive Officer]
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
0.92 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.47 |
1.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.05 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.28
|
1.77 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.84
|
4.68 |
3.76 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Rangani Rameshbhai
Bhimjibhai |
0.000 |
0.158 |
|
Rangani Shamjibhai
Bhimjibhai |
0.000 |
1.338 |
|
Rangani Kanjibhai |
0.000 |
0.418 |
|
Rangani Bhimjibhai J. |
0.811 |
0.526 |
|
Rangani Valiben B. |
2.318 |
2.070 |
|
Kotak Mahindra Bank
Personal Loan |
2.290 |
0.000 |
|
Tata Capital Limited |
2.140 |
0.000 |
|
G B Rangani K |
3.202 |
0.000 |
|
B Rangani |
0.633 |
0.000 |
|
Rangani Lalit G |
0.500 |
0.000 |
|
R B Rangani |
4.608 |
0.000 |
|
S B Rangani |
3.489 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Accu Print System Mumbai "** |
0.071 |
0.071 |
|
Aditya Cock Private Limited |
0.100 |
0.100 |
|
Akash Coke India Private Limited |
0.225 |
0.000 |
|
Congolaise De Recuperation Des Metaux |
0.000 |
0.221 |
|
Forge India |
0.100 |
0.100 |
|
Forge Tools - Chennai |
0.000 |
0.028 |
|
G. M. Enterprise - Bhavnagar |
0.644 |
0.470 |
|
Gujarat Steel |
0.900 |
0.000 |
|
Jay Gasket Private Limited - Gauripada |
0.000 |
0.044 |
|
Mahindra Ugine Steel Company Limited - Nasik |
0.000 |
0.065 |
|
Narayan coke |
0.000 |
0.800 |
|
Pro Flange Limited |
0.088 |
0.000 |
|
Ramkrishna Forgings Limited - Jamshedpur |
0.008 |
0.008 |
|
R. K. Electronics - Gandhidham |
0.050 |
0.050 |
|
Sandori Casting Private Limited |
0.000 |
0.009 |
|
Sea Linkers Private Limited |
0.242 |
0.000 |
|
Sheikh Export & Import |
0.037 |
0.037 |
|
Spartek Africa Limited |
0.495 |
0.000 |
|
Subhdra Corporation |
0.600 |
0.000 |
|
Telco Sales |
0.100 |
0.000 |
|
Tulsi Forge |
0.000 |
0.250 |
|
Victoria Tool Engineers Private Limited |
0.169 |
0.000 |
|
Well Forge Private Limited |
0.028 |
0.028 |
|
Total |
23.848 |
6.791 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24231GJ1996PTC030187 |
|
Name of the
company |
RANGANI ENGINEERING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B/H Maxcell
Containor, 5 Survey No. 267/2, Plot No. 8, Shapar, Veraval – 360002, Gujarat,
India Email: mail@ranganiindia.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10359067 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Development
Credit Bank Limited, 601 and 602, 6th Floor, Peninsula Business Park, Tower
A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India Email: nilay.jobanputra@dcbbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
recording for E.M. of Rs. 50.000 Millions |
|
Date of
instrument Creating the charge |
16.06.2012 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As prescribed by
the bank Terms of Repayment As prescribed by
the bank Margin As prescribed by
the bank Extent and Operation of the charge Charge will operate
as first and exclusive charge in favour of Bank till due repayment of Loan,
Interest and other Charges due on it. Others Present Limit: Cash credit :Rs.
35.000 Millions Term Loan :Rs.
15.000 Millions Total Limit :
Rs. 50.000 Millions. |
|
Short particulars
of the property charged |
- Company's old
factory land and building area adm. Sq. Mts. 850-00 situated at Plot No. 8,
part 2, R.S. No. 267 of Village Shapar (Veraval), Tal. Kotda Sangani,
District Rajkot state of Gujarat. - Co.'s new
factory land and building area adm.Sq.Mts.4087-66 situated at Plot No. 5, 6,
7, 8, 9, 10 and 11 R.S. No.258 paiki, b/h. Co.'s old factory land/building
off Rajkot-Gondal N.H. 8/B, Village Shapar, District Rajkot and more
particularly prescribed in the Schedule - II of Letter of Recording For E.M.
Of Rs. 50.000 Millions executed with the Bank |
|
Particulars of
the present modification |
There is no
change in total amount of Charge i.e. Rs. 50.000 Millions However Charge has been
modified by way of Mortgaging Immovable Property of the Company to secure the
total amount of Charge of Rs. 50.000 Millions along with previous
Hypothecation of Movable Assets. |
FIXED ASSETS:
¯ Land
¯ Buildings
¯ Electric Fittings
¯ Furniture and
Fixture
¯ Generator
¯ Plant and
Machinery
¯ Computers
¯ Vehicles
¯ Fax Machine
¯ Air Conditioner
¯ Printer
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. 92.25 |
|
Euro |
1 |
Rs. 78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.