1. Summary Information
|
|
|
Country |
|
|
Company Name |
LIPI MARKETING
PRIVATE LIMITED |
Principal Name 1 |
Mr. Mathew Varghese |
|
Status |
Moderate |
Principal Name 2 |
Ms. Sheeba Varghese |
|
|
|
Registration # |
18-047448 |
|
Street Address |
Plot
No. 32, Nehru Nagar, First Link Stations. Old |
||
|
Established Date |
16.07.2001 |
SIC Code |
-- |
|
Telephone# |
91-44-66727300 |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Digital Printing
Machine |
|
|
# of employees |
120 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 5,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
Bank of |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
|
ASN Marketing Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
64,441,000 |
Current Liabilities |
25,783,000 |
|
Inventories |
26,150,000 |
Long-term Liabilities |
37,292,000
|
|
Fixed Assets |
19,944,000 |
Other Liabilities |
450,000 |
|
Deferred Assets |
311,000 |
Total Liabilities |
63,525,000 |
|
Invest& other Assets |
4,000 |
Retained Earnings |
41,974,000 |
|
|
|
Net Worth |
47,325,000 |
|
Total Assets |
110,850,000 |
Total Liab. & Equity |
110,850,000 |
|
Total Assets (Previous Year) |
117,098,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
172,489,000 |
Net Profit |
1,038,000 |
|
Sales(Previous yr) |
234,950,000 |
Net Profit(Prev.yr) |
2,019,000 |
MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
LIPI MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 32, Nehru Nagar, First Link Stations. Old |
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Country : |
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|
|
Financials (as
on) : |
31.03.2010 |
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|
Date of
Incorporation : |
16.07.2001 |
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|
|
|
Com. Reg. No.: |
18-047448 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52399TN2001PTC047448 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEL03051G |
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|
PAN No.: [Permanent Account No.] |
AAACL6709L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Digital Printing Machine. |
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|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 189000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The management has failed to file the financial for the 2010-2011, 2011-2012
with the government department. As per the financial of 2010 the company seems to be performing well. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 (GENERAL INFORMATION)
|
Name : |
Mr. M S. Baby |
|
Designation : |
Project Head |
|
Contact No.: |
91-9444395466 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office / Head Office: |
Plot No. 32, Nehru Nagar, First Link Stations. Old |
|
Tel. No.: |
91-44-66727300 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Regional Office : |
·
No :9, ·
No 8-3-319/8/11, MCH number 1318, Behind Sarathi Studio,
Yellareddyguda, Ameerpet, ·
No. 46/1, ·
No. ¼, 115, Thiruvathukal, Manikunnam Junction, ·
No.1, MKG Layout |
DIRECTORS
As on : 29.09.2010
|
Name : |
Mr. Mathew Varghese |
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Designation : |
Director |
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Address : |
C- 15, Kottur Villa, |
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Date of Birth/Age : |
10.01.1963 |
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Date of Appointment : |
16.07.2001 |
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DIN No.: |
01956362 |
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Other Directorship:
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Name : |
Mrs. Sheeba Varghese |
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Designation : |
Director |
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Address : |
C- 15, Kottur Villa, |
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Date of Birth/Age : |
28.02.1971 |
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Date of Appointment : |
03.08.2001 |
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DIN No.: |
01903699 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2010
|
Names of Shareholders |
No. of Shares |
|
Annamma Mathew |
5000 |
|
Mathew Varghese |
442858 |
|
Sheeba Varghese |
41134 |
|
AP Philip |
35554 |
|
Annamma Philip |
10554 |
Equity Share Break up (Percentage of Total Equity)
As on : 29.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Digital Printing Machine. |
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Products : |
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Imports : |
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Products : |
Digital Printing Machine |
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Countries : |
· · · · · |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
Bank of |
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Facilities : |
(Rs in Millions)
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Auditors : |
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Name : |
N D’souza and Associates Chartered Accountants |
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Address : |
No. 11, Anna Nagar Link Road, Shenoy Nagar, Chennai – 600030,
Tamilnadu, India |
|
PAN No.: |
AAAPD6629A |
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Sister Concern : |
ASN Marketing Private Limited Address :
Plot No. 32, Nehru Nagar, 1st Link Stations. Old Activity : Trader and
Importer of Digital Printing Machine. |
CAPITAL STRUCTURE
As on : 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs. 10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
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|
2] Share Application Money |
0.351 |
0.351 |
0.351 |
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3] Reserves & Surplus |
41.974 |
40.937 |
38.918 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
47.325 |
46.288 |
44.269 |
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LOAN FUNDS |
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|
1] Secured Loans |
37.292 |
38.326 |
37.301 |
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|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
37.292 |
38.326 |
37.301 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.032 |
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TOTAL |
84.617 |
84.614 |
81.602 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
19.944 |
14.868 |
17.050 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.311 |
0.299 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
26.150
|
30.515 |
43.835 |
|
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Sundry Debtors |
44.159
|
56.508 |
42.499 |
|
|
Cash & Bank Balances |
0.084
|
0.587 |
0.545 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.198
|
14.313 |
12.668 |
|
Total
Current Assets |
90.591
|
101.923 |
99.547 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.868
|
21.191 |
20.673 |
|
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Other Current Liabilities |
8.915
|
10.155 |
12.081 |
|
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Provisions |
0.450
|
1.138 |
2.252 |
|
Total
Current Liabilities |
26.233
|
32.484 |
35.006 |
|
|
Net Current Assets |
64.358
|
69.439 |
64.541 |
|
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MISCELLANEOUS EXPENSES |
0.004 |
0.008 |
0.011 |
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TOTAL |
84.617 |
84.614 |
81.602 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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SALES |
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Income |
172.489 |
|
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|
|
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Other Income |
9.527 |
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|
|
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TOTAL |
182.016 |
234.950 |
218.026 |
|
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Less |
EXPENSES |
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|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
180.392 |
231.962 |
212.653 |
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PROFIT BEFORE
TAX |
1.624 |
2.988 |
5.373 |
|
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|
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|
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Less |
TAX |
0.586 |
0.969 |
2.820 |
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|
PROFIT AFTER TAX |
1.038 |
2.019 |
2.553 |
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|
Earnings Per
Share (Rs.) |
2.08 |
4.04 |
5.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.57
|
0.86 |
1.17 |
|
|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
0.94
|
0.00 |
0.00 |
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.47
|
2.56 |
4.61 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.06 |
0.12 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79
|
0.83 |
0.84 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.45
|
3.14 |
2.84 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
No |
|
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate
identity number of the company |
U52399TN2001PTC047448 |
|
Name of the
company |
LIPI MARKETING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 32, Nehru Nagar, First Link Stations. Old Email : info@lipimarketing.com |
|
This form is for |
Modification of
Charge |
|
Charge
identification (ID) number of the charge to be modified |
90286657 |
|
Type of charge |
·
Immovable
Property ·
Book
Debts ·
Movable
Property (not being pledge) ·
Floating
Charge |
|
Particular of
charge holder |
Bank of India, SME Branch, Adyar, 2nd Floor, No. 5, 1st
Cross Street, Kasturba Nagar, Chennai - 600020, Tamilnadu, India Email : anandhi.baskaran@sbi.co.in
|
|
Nature of
instrument creating charge |
1. Letter of
Arrangement SME 1. 2. Extension of
Equitable Mortgage by way of Deposit of Title Deeds. |
|
Date of instrument
Creating the charge |
31/08/2012 |
|
Rs. 59.300
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As Stipulated by
the Bank from time to time. Terms of Repayment : As Stipulated by
the Bank from time to time. Margin : As Stipulated by
the Bank from time to time. Extend and operation of the charge : As Stipulated by
the Bank from time to time. Others : Facilities
(Rs.in Millions) Cash Credit 3.000 Stand by Line of Credit 4.000 Term Loan 0.300 Letter of
Credit 25.000 Total 59.300 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Date of
instrument modifying the charge |
02.06.2011 |
|
Particulars of
the present modification |
By the Present
Modification, The Credit Facilities has now been Revised to Rs.59.300
Millions and Same was Secured by Hypothecation of Stocks, Receivables and
Assets Purchased out of Loan and Extension of Equitable Mortgage of Company
Immovable Properties Situated at Kottivakkam All other terms
and conditions remain the same. |
FIXED ASSETS :
· Land
· Building
· Computer
· Office Equipment
· Router
· Laser Engraver
· Cell Phone
· Air Conditions
· Electrical Fitiing
· Printer
· Vidco Camera
· Handy Camera
· Furniture & Fitting
· Motor Car
·
Fax
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. 60.59 |
|
|
1 |
Rs. 92.92 |
|
Euro |
1 |
Rs. 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.