MIRA
INFORM REPORT
|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL CHEMICALS AND INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
507, Raheja Centre, 214, Nariman Point, Mumbai – 400 021, |
|
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Country : |
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|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
28.12.1961 |
|
|
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|
Com. Reg. No.: |
11-012229 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.69.800
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U99999MH1961PTC012229 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU03465A / MUMU03663C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACU0974C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Potassium Permanganate. |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 570000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The
latest financials of the company are not made available. As per previous year’s available financials, the financial strength of
the company appears moderate. However, business is active. Payment terms are slow. The company can be considered for business dealings with great
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Term Loan: C |
|
Rating Explanation |
Very high risk of default. |
|
Date |
February 28, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
February 28, 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.
LOCATIONS
|
Registered Office/ Corporate Office : |
507, Raheja Centre, 214, Nariman Point, Mumbai – 400 021, |
|
Tel. No.: |
91-22-22844428/ 43534353 |
|
Fax No.: |
91-22-22854741 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory 1 : |
Chemical Zone, C1-C2-C3 MIDC Industrial Area, Ambernath (West),
District Thane – 421 501, Maharashtra,
India |
|
|
|
|
Factory 2 : |
B-97, MIDC Industrial Area, Lote Parshuram, District Ratnagiri – 415
639, |
|
|
|
|
Factory 3 : |
Plot No. CH / 5A, Dahej G.I.D.C., Industrial Estate, Dahej, Taluka -
Vagra, District Bharuch – 392 130, Gujarat, India |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Kamalesh Kumar Maheshwari |
|
Designation : |
Director |
|
Address : |
507, Raheja Centre, 214, Nariman Point, Mumbai – 400 021, Maharashtra,
India |
|
Date of Birth/Age : |
12.08.1943 |
|
Date of Appointment : |
29.12.1961 |
|
DIN No.: |
00078457 |
|
PAN No.: |
AEQPM5521C |
|
|
|
|
Name : |
Mr. Kartikeya Kamalesh Kumar Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
507, Raheja Centre, 214, Nariman Point, Mumbai – 400 021, Maharashtra,
India |
|
Date of Birth/Age : |
28.10.1974 |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
00078494 |
|
PAN No.: |
AADPM5941R |
|
|
|
|
Name : |
Mr. Shivkumar Mooldas Vaishnav |
|
Designation : |
Director |
|
Address : |
Flat No.5, Ornate House, Caddel Road, Dadar, Mumbai – 400 028,
Maharashtra, India |
|
Date of Birth/Age : |
10.10.1948 |
|
Date of Appointment : |
28.06.2003 |
|
DIN No.: |
00078503 |
|
PAN No.: |
AAAAA9999A |
|
|
|
|
Name : |
Mr. Jaya Nanjunda Srinivasan |
|
Designation : |
Director |
|
Address : |
Papaji Ramchandra Building, 321/C, Deodhar
Road, Matunga, Mumbai – 400 019, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1940 |
|
Date of Appointment : |
21.11.2006 |
|
DIN No.: |
00095455 |
|
|
|
|
Name : |
Mr. Balkrishna Ramdhar Lakhotia |
|
Designation : |
Director |
|
Address : |
Saraf Apartment, 5th Floor, Rani Sati Marg, Malad (East),
Mumbai – 400 097, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1936 |
|
Date of Appointment : |
07.11.1964 |
|
DIN No.: |
00102937 |
|
|
|
|
Name : |
Mr. Arunkumar Jagmohanlal Roongta |
|
Designation : |
Director |
|
Address : |
401, Samudra Mahal, Dr. A.B. Road, Worli, Mumbai – 400 018,
Maharashtra, India |
|
Date of Birth/Age : |
05.12.1945 |
|
Date of Appointment : |
20.07.1989 |
|
DIN No.: |
00328224 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Kamalesh Kumar Maheshwari |
|
747000 |
|
Madhurika K. Maheshwari |
|
930200 |
|
Kamalesh Kumar Maheshwari (HUF) |
|
1370850 |
|
Jayashree Traders Private Limited, |
|
734625 |
|
Kamlesh Kumar Family Trust |
|
96480 |
|
Shushma M. Agarwal |
|
594600 |
|
Seema A. Gupta |
|
55000 |
|
Shantidevi K. Maheshwari |
|
755725 |
|
Rohit R. Dhoot |
|
10000 |
|
J. N. Srinivasan (HUF) |
|
3360 |
|
J. N. Sridharmurthy (HUF) |
|
3360 |
|
J. N. Sridharmurthy |
|
4140 |
|
J. N. Srinivasan |
|
4140 |
|
Priyanka M. Agarwal |
|
4000 |
|
Eshita M. Agarwal |
|
4000 |
|
Rachna S. Goenka |
|
2000 |
|
Kartikeya Maheshwari |
|
705945 |
|
Smita Saraf |
|
55000 |
|
Krishnagopal Maheshwari |
|
876500 |
|
Krishnagopal Maheshwari (HUF) |
|
65020 |
|
Kruti Finance and Holdings Private Limited, India |
|
7500 |
|
S.M. Bhatt (HUF) Represented by Nootan Bhatt |
|
555 |
|
Total |
|
7030000 |
As on 28.09.2012
|
Names of Shareholders (10% Non Cumulative Redeemable Preference
Shares) |
|
|
|
Jayashree Traders Private Limited, |
|
3230000 |
|
Total
|
|
3230000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies corporate |
|
10.56 |
|
Directors or relatives of directors |
|
89.03 |
|
Other top fifty shareholders |
|
0.41 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Potassium Permanganate. |
||||
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||||
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Inorganic Chemicals |
MT |
NA |
15900 |
2715.15 |
|
Organic Chemicals |
MT |
NA |
NA |
37.475 |
·
Licensed capacity is not applicable in view of the
company's product having been delicenced as per the licencing policy of the
Government of India.
·
Installed capacity is as certified by the management and
accepted by auditors, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
·
ABN Amro Bank Limited, Sakhar Bhavan, Nariman Point,
Mumbai – 400 021, Maharashtra, India ·
Union Bank of India, Home Street Branch, Forbes
Building, Home Street, Charanjit Rai Marg, Mumbai – 400 001, Maharashtra,
India ·
Axis Bank Limited, Trishul 3rd Floor,
Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad – 380 006,
Gujarat, India ·
State
Bank of India, IFB, Natraj Building, 102, 1st Floor, 194, Sir M.V.
Road Western Express Highway, Andheri (East), Mumbai – 400 021, Maharashtra |
||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
R.C. Reshamwala Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital : Rs.148.000 millions
Issued, Subscribed & Paid-up Capital : Rs.142.600
millions
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11500000 |
Equity Shares |
Rs.10/- each |
Rs.115.000 Millions |
|
3300000 |
Preference Shares |
Rs.10/- each |
Rs.33.000 Millions |
|
|
Total |
|
Rs.148.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7030000 |
Equity Shares |
Rs.10/- each |
Rs.70.300
Millions |
|
3230000 |
Preference Shares |
Rs.10/- each |
Rs.32.300
Millions |
|
|
Total |
|
Rs.102.600 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4700000 |
Equity Shares |
Rs.10/- each |
Rs.47.000 Millions |
|
3300000 |
Preference Shares |
Rs.10/- each |
Rs.33.000 Millions |
|
|
Total |
|
Rs.80.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3750000 |
Equity Shares |
Rs.10/- each |
Rs.37.500
Millions |
|
3230000 |
Preference Shares |
Rs.10/- each |
Rs.32.300
Millions |
|
|
Total |
|
Rs.69.800 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
01.04.2009 to
31.03.2010 |
01.10.2008 to
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
69.800 |
65.500 |
65.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
287.985 |
273.178 |
305.817 |
|
|
4] (Accumulated Losses) |
(215.203) |
(39.960) |
0.000 |
|
|
NETWORTH |
142.582 |
298.718 |
371.317 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
753.195 |
719.467 |
384.546 |
|
|
2] Unsecured Loans |
468.407 |
391.707 |
194.158 |
|
|
TOTAL BORROWING |
1221.602 |
1111.174 |
578.704 |
|
|
DEFERRED TAX LIABILITIES |
47.037 |
40.024 |
5.025 |
|
|
|
|
|
|
|
|
TOTAL |
1411.221 |
1449.916 |
955.046 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
836.524 |
921.122 |
169.245 |
|
|
Capital work-in-progress |
360.528 |
281.870 |
769.018 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.011 |
0.011 |
1.886 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
108.749
|
138.052
|
34.240
|
|
|
Sundry Debtors |
122.472
|
70.154
|
50.564
|
|
|
Cash & Bank Balances |
6.942
|
14.864
|
22.709
|
|
|
Other Current Assets |
125.704
|
108.187
|
0.000
|
|
|
Loans & Advances |
30.019
|
11.804
|
102.720
|
|
Total
Current Assets |
393.886
|
343.061
|
210.233 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
139.335
|
90.221 |
176.556
|
|
|
Other Current Liabilities |
21.553
|
0.783
|
10.619
|
|
|
Provisions |
18.840
|
5.144
|
8.161
|
|
Total
Current Liabilities |
179.728
|
96.148
|
195.336
|
|
|
Net Current Assets |
214.158
|
246.913
|
14.897
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1411.221 |
1449.916 |
955.046 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
01.04.2009 to
31.03.2010 |
01.10.2008 to
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
NA |
358.199 |
206.575 |
|
|
|
Other Income |
NA |
(2.929) |
(2.984) |
|
|
|
Total Income |
NA |
355.270 |
203.591 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
NA |
360.221 |
182.793 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
360.221 |
182.793 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
(4.951) |
20.798 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND
FINANCE CHARGES |
NA |
9.042 |
2.722 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
(13.993) |
18.076 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
23.869 |
8.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
(37.862) |
9.256 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
34.738 |
6.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(177.635) |
(72.600) |
2.588 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(39.960) |
30.241 |
27.034 |
|
|
|
|
|
|
|
|
|
Less/ Add |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
|
|
|
|
|
|
- On Preference Shares |
NA |
0.000 |
0.122 |
|
|
|
- On Equity Share |
NA |
0.000 |
0.375 |
|
|
|
Tax on Proposed Dividend |
NA |
0.000 |
0.085 |
|
|
|
Transferred from Revaluation Reserve |
NA |
2.399 |
1.201 |
|
|
BALANCE CARRIED TO
THE B/S |
NA |
(39.960) |
30.241 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
104.223 |
47.739 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
NA |
8.321 |
4.026 |
|
|
|
Capital Goods |
NA |
1.467 |
12.198 |
|
|
|
Trading Goods |
NA |
25.854 |
2.579 |
|
|
TOTAL IMPORTS |
NA |
35.642 |
18.803 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(25.25) |
(10.27) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
01.04.2009 to
31.03.2010 |
01.10.2008 to
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
(20.44) |
1.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(10.57) |
4.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
(2.99) |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
(0.13) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.57 |
3.72 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19 |
3.57 |
1.08 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two 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 |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Fully convertible debentures unsecured |
32.500 |
32.500 |
|
Loans directors unsecured |
210.575 |
166.125 |
|
Deferred sales tax loan unsecured |
6.932 |
8.157 |
|
Other debt unsecured |
218.400 |
184.925 |
|
Total
|
468.407 |
391.707 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U99999MH1961PTC012229 |
|
Name of the company |
UNIVERSAL CHEMICALS AND INDUSTRIES PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
507, Raheja Centre, 214, Nariman Point, Mumbai – 400 021, |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
State Bank of India, IFB, Natraj Building,
102, 1st Floor, 194, Sir M.V. Road Western Express Highway, Andheri (East),
Mumbai – 400 021, Maharashtra E-Mail: shahbaz.zafar@sbi.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
Memorandum of deposit for creation of
charge for term loan/overall limit. |
|
Date of instrument Creating the charge |
08.05.2012 |
|
Amount secured by the charge |
Rs.1011.900 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: FOR SBI - DCC (Hypothecation of Stocks/BD)
@ 0.75% above BR present effective rate of 10.75% p.a. with monthly rests as
against pricing of 7.50% above BR i.e. 17.50% p.a. Terms of Repayment: Term Loan I Rs.255.900 millions (Present
O/s) - In 34 Quarterly Installment commencing from 01.10.2012 Term Loan II (New Term Loan) - Rs.19.200
millions - In 4 Quarterly Installments commencing from 01.04.2015 (moratorium
of 45 Months) WCTL - Rs.27.400 millions - In 20
Quarterly Installments commencing from 01.04.2015 FITL - Rs.42.500 millions - In 12 Quarterly
Installments from 01.04.2015 FITL - Rs.25.300 millions - In 12
Quarterly Installments from 01.04.2015
Margin: RM - 15% (Till 31.03.2012), SIP - 15%
(Till 31.03.2012), FG - 15% (Till 31.03.2012), BD (Cover period 90 days) -
15% (Till 31.03.2012), EPC - 5%, TL II - 50.78%, LC (Inland/Import) - 5% upto
31.03.2012. Thereafter to be reviewed on annual basis, BG - 5% upto
31.03.2012. Thereafter to be reviewed on annual basis. Extent and Operation of the charge: The immovable properties in favour of
under Multiple Banking arrangement of State Bank of India and Union Bank of
India on pari passu Basis on deposit of title deed properties Others: SBI - Rs.536.200 millions, Union Bank
India - Rs.475.700 millions, Total - Rs.1011.900 millions. All other terms and conditions as per the
sanctioned letter For State Bank of India and Union Bank of India and loan
agreement. |
|
Short particulars of the property charged |
The Borrower by way of Pari passu basis
charge on the equitable mortgage by deposit of title deeds of Immovable
properties at PART 1 - All that piece of land known as Plot Nos. C1, C2, and
C3 in the Ambernath Industrial Area (Chemical Zone) within the Village limits
of Taluka Kalyan, Sub District Thane Containign by adm 21,691 sq mtrs and
bounded as follows On or towards the East by Estate Road, On or towards the
West by Nalla, On or towards the North by Nalla and Estate Road and On or
towards the South by Nalla with present and Future constructions, Plant and
Machinery, factory shed and building on it. (In the name of the Company).
PART 2 - All that piece of land known as Plot No. B-97 in the Lote Parshuram
Industrial Area within the Village limits of Lote and outside the Municipal
limits in rural area Taluka and Reg Sub-District Khed and Ratnagiri
containing by adm about 11,951 sq mtrs and bounded as follows - On or towards
the South East by MIDC Land, On or towards the North West by Reserved Land On
or towards the North East by Road and On or towards the South West by MIDC
Boundary with present and future constructions, Plant and Machinery, factory
shed and building on it. (In the name of the Company). PART 3 - All that
piece of land known as Plot No. CH/5A in the Dahej Industrial Estate,
consisting of Revenue Survey Nos. 750/P, 751/P, 752/P, C.T.880/P, 890, 891/P,
892/P, 893/P, 898/P, 903/P, 730/P, 731/P,732/P,733/P 734/P and 745/P within
the village limits Dahej Taluka, Vagra, District Bharuch, containing by adm
108090 sq. mtrs or thereabout and bounded as follows On the West - Plot No.
CH/5, On the North - Plot No. CH/4, On the South - Plot No. CH/6, 9 and 10
with present and future constructions, plant, machinery, factory shed and
building on it. (In the name of the Company). |
FIXED ASSETS
·
·
Land Leasehold
·
Building – Factory
·
Ownership Premises
·
Plant and Machinery
·
Electrical Installation
·
Furniture, Fixture and
Office Equipments
·
Computers
·
Vehicles
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.54.65 |
|
|
1 |
Rs.82.65 |
|
Euro |
1 |
Rs.71.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.