1. Summary Information
|
|
|
Country |
|
|
Company Name |
B.V. BIO-CORP
PRIVATE LIMITED |
Principal Name 1 |
Mrs. Anuradha Jitendra Desai |
|
Status |
Good |
Principal Name 2 |
Mr. Balaji B. Vasudev Rao |
|
|
|
Registration # |
11-016680 |
|
Street Address |
Venkateshwara House S. No. 114/A/2,
|
||
|
Established Date |
15.01.2002 |
SIC Code |
-- |
|
Telephone# |
91-20-24251530 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20-24251077 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Poultry Products |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 3.06%, Directors or relatives of
directors 96.94% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (58) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
|
|
Waywards Acres Inc. |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
608,887,000 |
Current Liabilities |
369,984,000 |
|
Inventories |
240,677,000 |
Long-term Liabilities |
181,233,000 |
|
Fixed Assets |
91,063,000 |
Other Liabilities |
8,886,000 |
|
Deferred Assets |
352,000 |
Total Liabilities |
560,103,000 |
|
Invest& other Assets |
234,658,000 |
Retained Earnings |
605,534,000 |
|
|
|
Net Worth |
615,534,000 |
|
Total Assets |
1175,637,000 |
Total Liab. & Equity |
1175,637,000 |
|
Total Assets (Previous Year) |
907,616,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
2005,780,000 |
Net Profit |
115,350,000 |
|
Sales(Previous yr)/ Total Income |
1672,610,000 |
Net Profit(Prev.yr) |
125,741,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
B. V. BIO-CORP PRIVATE LIMITED [w.e.f. 19.08.2008] |
|
|
|
|
Formerly Known
As : |
B.V. BIO-CORP LIMITED |
|
|
|
|
Registered
Office : |
Venkateshwar Houses No. 114/A/2, Pune – |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.01.2002 |
|
|
|
|
Com. Reg. No.: |
11-016680 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15332PN2002PTC016680 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB02478A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8390C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Poultry Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having good track record.
Financial position of the company appears to be good. Trade relations are
reported as fair. Business is active. Payments are reported to regular and as
per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
ICRA |
|
Rating |
A (Term Loan) |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
November 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A2+ (Non-Fund Based Bank Limits) |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
November 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 / Corporate Office : |
Venkateshwara House, S. No. 114/A/2,
|
|
Tel. No.: |
91-20-24251530 to 41 / 24389144 / Extn: 287 and 289 |
|
Fax No.: |
91-20-24251077 / 1060 |
|
E-Mail : |
|
|
|
|
|
Central Marketing Office : |
Unit No. 3/303, |
|
Tel. No.: |
91-20-25448834, 25422876/887 / 25453288 |
|
Fax No.: |
91-20-25458797 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gat No. 215 Part (Old Gat No. 619), |
DIRECTORS
As on 23.08.2012
|
Name : |
Mrs. Anuradha Jitendra Desai |
|
Designation : |
Director |
|
Address : |
“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje,
Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1963 |
|
Qualification : |
LLB |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00012212 |
|
|
|
|
Name : |
Mr. Venkatesh B. Vasudev Rao |
|
Designation : |
Director |
|
Address : |
“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje,
Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1966 |
|
Qualification : |
B.A. (Economics) |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00013614 |
|
|
|
|
Name : |
Mr. Balaji B. Vasudev Rao |
|
Designation : |
Director |
|
Address : |
“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje,
Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
12.08.1972 |
|
Qualification : |
B.A |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00013551 |
|
|
|
|
Name : |
Mr. Jitendra Morreshwar Desai |
|
Designation : |
Director |
|
Address : |
“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje,
Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1964 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00013533 |
|
|
|
|
Name : |
Dr. Gendalal Chaaganlal Jain |
|
Designation : |
Director |
|
Address : |
4, Ramnadhi Co-operative Housing Society Bavdhan, Khurd, Pune –
411027, |
|
Date of Birth/Age : |
02.05.1942 |
|
Qualification : |
M.Sc, Ph. D |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00014692 |
|
|
|
|
Name : |
Mr. Ashok Kumar Harikishanlal Mahajan |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Brownie, Nyati Estate, Mohammad Wadi, Hadapsar, Pune –
411 028, |
|
Date of Birth/Age : |
05.08.1946 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.10.2005 |
|
DIN No.: |
00017150 |
KEY EXECUTIVES
|
Name : |
Mr. Chandranil Sudhir Belvalkar |
|
Designation : |
Secretary |
|
Address : |
Shree Mangal Co Operative Housing Society, C2 Wing, Flat No. 12,
Dhankawadi, Pune-411043, |
|
Date of Birth/Age : |
23.12.1982 |
|
Date of Appointment : |
18.01.2010 |
|
Pan No.: |
APEPB4379Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.08.2012
|
Names of Shareholders |
No. of Shares |
|
Anuradha Jitendra Desai |
100000 |
|
Venkatesh B. Vasudev Rao |
239814 |
|
Balaji Rao |
239814 |
|
Jitendra M Desai |
100000 |
|
G.L Jain |
50000 |
|
Srivenk Investment Private Limited, |
554 |
|
Venkateshwara Hatcheries Private Limited, |
30004 |
|
Utttara Jitendra Desai (through natural guardian Anuradha j. desai and
Jitendra M. Desai) |
239814 |
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 23.08.2012
|
Category |
Percentage |
|
Bodies corporate |
3.06 |
|
Directors or relatives of Directors |
96.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Poultry Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Feed Supplements |
Kgs. |
3600000 |
3754962 |
|
Disinfectants |
Ltrs. |
720000 |
818456 |
|
Powder Feed Supplements |
Kgs. |
3000000 |
-- |
|
Power Sprayers |
Nos. |
250 |
-- |
|
Cattle and Pet Care Products |
Kgs. |
-- |
235656 |
|
Health Care Products (At External Facility) |
Kgs. |
-- |
101769 |
|
Dairy Products |
Ltr. |
-- |
1209319 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Agri Hi-Tech Branch, |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
NOTES: The Loan is
secured by equitable mortgage of land and building and hypothecation of plant
and machinery, furnitures, fixtures, etc. of the Human Health products division
of the Company at Morwadi, near Bhore, District, Pune. The loan is
further secured by an additional mortgage charge on land and buildings
thereon at 3 Ha 08 R at Morwadi, Taluka Bhor, District Pune, hypothecation of
plant and machinery and other fixed assets of the Company. The cash
creditfacility is secured by way of hypothecation of inventories ,.i.e., Raw
material, work in progress, finished goods, con. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudit K. Parekh and Company Chartered Accountants |
|
Address : |
Ballard House 2nd Floor Adi Marzban Path, Ballard Pier,
Fort, Mumbai- 400 001, |
|
Tel. No.: |
91-20-66454800 / 66178000 |
|
Fax No.: |
91-20-66454840 / 66178002 |
|
PAN No.: |
AAAFA4500P |
|
|
|
|
Subsidiaries Companies : |
|
|
|
|
|
Related Parties: |
(CIN U10222OR1985PTC002190)
(CIN U73100PN2011PTC140966)
(CIN 74999PN1988PTC020677)
(CIN U51909PN2009PTC133389) ·
Venco Research and Breeding Farm Private Limited,
India (CIN U07222PN1980PTC017423) ·
Venkateshwara Foods and Feeds, India ·
Venkateshwara Hatcheries Private Limited, India ·
Venkateshwara Research and Breeding Farm Private
Limited, India (CIN U01222MH1980PLC023306) ·
Venky's (India) Limited, India (CIN L01222PN1976PLC017422) |
CAPITAL STRUCTURE
As on 23.08.2012
|
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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
605.534 |
490.184 |
363.896 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
615.534 |
500.184 |
373.896 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
181.233 |
162.444 |
171.980 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
181.233 |
162.444 |
171.980 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.630 |
2.529 |
|
|
|
|
|
|
|
|
TOTAL |
796.767 |
664.258 |
548.405 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
91.063 |
84.673 |
95.059 |
|
|
Capital work-in-progress |
52.593 |
19.423 |
15.052 |
|
|
|
|
|
|
|
|
INVESTMENT |
182.065 |
26.185 |
26.185 |
|
|
DEFERRED TAX ASSETS |
0.352 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
240.677
|
168.862 |
181.215 |
|
|
Sundry Debtors |
503.632
|
385.907 |
376.490 |
|
|
Cash & Bank Balances |
62.794
|
86.431 |
52.470 |
|
|
Other Current Assets |
4.176
|
4.720 |
6.231 |
|
|
Loans & Advances |
38.285
|
131.415 |
77.468 |
|
Total
Current Assets |
849.564
|
777.335 |
693.874 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
338.478
|
225.288 |
250.397 |
|
|
Other Current Liabilities |
31.506
|
14.537 |
13.145 |
|
|
Provisions |
8.886
|
3.533 |
18.223 |
|
Total
Current Liabilities |
378.870
|
243.358 |
281.765 |
|
|
Net Current Assets |
470.694
|
533.977 |
412.109 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
796.767 |
664.258 |
548.405 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
1579.072 |
|
|
|
Other Income |
|
|
25.750 |
|
|
|
TOTAL (A) |
2005.780 |
1672.610 |
1604.822 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
1002.641 |
|
|
|
Goods Purchased for Trading |
|
|
379.380 |
|
|
|
Prior Period Items |
|
|
0.517 |
|
|
|
Increase / Decrease in Stocks |
|
|
(20.686) |
|
|
|
TOTAL (B) |
1831.294 |
1452.488 |
1361.852 |
|
|
|
|
|
|
|
|
Less |
|
|
220.122 |
242.970 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
18.056 |
23.017 |
|
|
|
|
(Including
Financial Expenses and Depreciation ) |
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
202.066 |
219.953 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
10.724 |
19.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
174.369 |
191.342 |
200.382 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
59.019 |
65.601 |
71.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
115.350 |
125.741 |
128.796 |
|
|
|
|
|
|
|
|
|
Add |
TAX ADJUSTMENT
IN RESPECT OF EARLIER YEARS |
0.000 |
(0.547) |
0.020 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
N.A |
13.000 |
13.278 |
|
|
|
Interim Dividend |
N.A |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
N.A |
0.000 |
12.500 |
|
|
|
Tax on Dividend |
N.A |
0.000 |
2.076 |
|
|
BALANCE CARRIED
TO THE B/S |
N.A |
113.288 |
100.922 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
N.A |
N.A |
0.797 |
|
|
TOTAL EARNINGS |
N.A |
N.A |
0.797 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
N.A |
N.A |
719.716 |
|
|
TOTAL IMPORTS |
N.A |
N.A |
719.716 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
115.35 |
125.74 |
128.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.75
|
7.52 |
8.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A
|
NA |
12.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.83
|
22.20 |
25.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.38 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29
|
0.81 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24
|
3.19 |
2.46 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
--------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U15332PN2002PTC016680 |
|
Name of the
company |
B.V. BIO-CORP
Private LIMITED |
|
Address of the
registered office or of the principal place of business in |
Venkateshwara House, S. No. 114/A/2,
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90082851 |
|
Type of charge |
|
|
Particular of
charge holder |
Agri Hi-Tech Branch, |
|
Email |
|
|
Nature of instrument
creating charge |
1. Composite deed
of hypothecation for all facilities dated 27.12.2012 2. Composite deed
of hypothecation for all facilities dated 27.12.2012 3. Memorandum of
record of deposit of title deeds dated 27.12.2012 |
|
Date of instrument
Creating the charge |
27.12.2012 |
|
Amount secured by
the charge |
Rs. 482.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan I :
Base rate + 3.25% i.e. presently @ 13.75% p.a. with monthly rest. Term Loan II :
Base rate + 3.25% i.e. presently @ 13.75% p.a. with monthly rest. Cash credit: Base
rate + 3.25% i.e. presently @ 13.75% p.a Terms of Repayment Term loan I :
principal to be repaid in 72 equal installments of Rs. 1.528 millions per
month commencing from October 2012. Interest to be paid as and when due including interest during
moratorium period. Term loan II :
principal to be repaid in 72 equal installments of Rs. 0.312 millions per
month commencing from October 2013. Interest to be paid as and when due including interest during
moratorium period. Cash credit
repayable on demand. Other terms and
conditions as per sanction letter 17.12.2012 Margin Term loan: 29% Term loan: 25% Cash Credit: 25% Extent and Operation of the charge The charge covers
the sanctioned: The charge covers
the sanctioned : Cash Credit
facilities of Rs.300.000 millions Inland and Import
letter of credit facility of Rs.500.000 millions Term loan I of
Rs.110.000 millions and Term loan II of
Rs.225.000 millions aggregating to Rs.482.500 millions alongwith interest /
penal interest and other Bank charges against the security described above. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First and
exclusive charge security by way of hyp charge in favour of the Bank over the
Companies present and future movable plants machineries goods stocks of raw
material items inventories stocks in process semi
finished goods stores and spares (consumable stores & spares) stock in
trade goods in process movables in transit present and future tangible and
intangible assets vehicles goodwill trade marks copyright
patent & all the right title interest benefit of the Company or over all
contracts agreements amounts right to collect and recover the same together
with all movables situated at any place at any time and now
lying being affixed or installed at any place and all all outstanding monies
claims bills receivables book debts due to the Company. First and exclusive
charge by way of hyp charge over the Companies present and
future movable plants machineries articles installations equipments tools
implements and vehicles Hyp of inventory i.e. raw materials work in progress
finished goods consumable spares stores receivable and
exclusive charge by way of hyp charge over he Companies present & future
movable plants machineries articles installations equipments tools implements
and vehicles such as plant and machinery furniture
fixtures etc of the disinfectants plant at Patvi Ambala.First / additional
charge and security by way of equitable mortgage by deposit of title deeds
over the immovable properties of the Co at Gat No 215
Part in Vill. Morwadi at District Pune
admeasuring 3Ha 08R Land bearing
Khewat 123 Khauni 165 at Vill Patvi Teh.Naraingarh Dist Ambala admeasuring
31K-08M Gat No 346
bearing old Gat No 650 in Vill. Morwadi
admeasuring 4 Hectors 98.25R out of original total land admeasuring 6 Hectors
92R Together with the plot of land all
and singular the buildings structures construction standing or may or may be created
hereafter compounds, yards, area ways sewers trees etc as per Composite deeds
of hyp for all facilities & Memorandum record of deposit of title deeds
dated 27.12.2012 |
|
Date of
instrument modifying the charge |
16.11.2011 |
|
Particulars of
the present modification |
The amount secured
by the charge increased from Rs.320.000 millions to Rs.482.500 millions
vide Composite deed of hyp for all
facilities, Composite deed of hyp for all facilities and Memorandum of record
of deposit of title deeds dated 27.12.2012, as under :- Cash Credit :
Rs.160.000 millions (increased to Rs.- Rs.300.000 millions) Term loan I:
Rs.110.000 millions (remain unchanged) Term loan II
Rs.22.500 millions (Fresh) Import / Inland
LC: Rs.500.000 millions (remain unchanged) |
FIXED ASSETS :
·
Land
·
Building
·
Plant
and Machinery
·
Electrical
Installation
·
Office
Equipments
·
Furniture
and Fixtures
·
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.54.40 |
|
|
1 |
Rs.81.56 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
RSMK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
58 |
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.