1. Summary Information
|
Country |
India |
||
|
Company Name |
Structural Water Proofing Company Private Limited |
Principal Name 1 |
Mr. Lubbertus Pieter Dijkema |
|
Status |
Moderate |
Principal Name 2 |
Mr. Francois Nguyen |
|
Registration # |
21-18695 |
||
|
Street Address |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700091, West
Bengal, India |
||
|
Established Date |
21.03.1950 |
SIC Code |
-- |
|
Telephone# |
91-33-23573546 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-23573881 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Construction Chemical |
|
|
# of employees |
Not Available |
Product Name 2 |
Waterproofing |
|
Paid up capital |
Rs.35,565,400/- |
Product Name 3 |
Flooring |
|
Shareholders |
Foreign holdings- 99.99%, Directors or
relatives of directors- 0.01% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
63 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company Name |
CEO |
|
Subsidiary
|
-- |
SWC Engineering
Services Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
402,848,000 |
Current Liabilities |
415,157,000 |
|
Inventories |
130,337,000 |
Long-term Liabilities |
47,594,000 |
|
Fixed Assets |
44,016,000 |
Other Liabilities |
11,151,000 |
|
Deferred Assets |
11,136,000 |
Total Liabilities |
473,902,000 |
|
Invest& other Assets |
19,711,000 |
Retained Earnings |
98,581,000 |
|
|
|
Net Worth |
134,146,000 |
|
Total Assets |
608,048,000 |
Total Liab. & Equity |
608,048,000 |
|
Total Assets (Previous Year) |
441,471,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
831,771,000 |
Net Profit |
14,106,000 |
|
Sales(Previous yr) |
645,893,000 |
Net Profit(Prev.yr) |
31,421,000 |
MIRA INFORM REPORT
|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
STRUCTURAL WATER PROOFING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700091, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
21.03.1950 |
|
|
|
|
Com. Reg. No.: |
21-18695 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.35.565 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36992WB1950PTC018695 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS06072D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of all kinds of Construction Chemical like Waterproofing,
Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 540000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
Latest financials i.e. 2011-12 are not available, from the previous year
financials there seems a dip in the profitability of the company. However,
trade relations are reported as fair. Business is active. Payment terms are
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 – 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
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
38/1, Block-GN, Sector IV, V, Salt Lake City, Kolkata – 700 091, West
Bengal, India |
|
Tel. No.: |
91-33-23573546/ 23573547/ 23573548/ 23574981/ 82/ 23574798/ 40102700 |
|
Fax No.: |
91-33-23573881 |
|
E-Mail : |
francois.nguyen@chryso-swc.com |
|
Website : |
|
|
Area : |
2200 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Factory 1 : |
Plot No. 1401/1,
3rd Phase, GIDC, Vapi – 396 195, |
|
Tel. No.: |
91-260-2433928/
2420673 |
|
Fax No.: |
91-260-2433928/
2400828 |
|
|
|
|
Factory 2 : |
8/1, |
|
Area : |
2200 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branches : |
·
Noida B – z9, Sector – IV, District Ghaziabad, Gautam Buddha Nagar, Noida,
Uttar Pradesh – 201301, India Location : Leased ·
Vapi C-1-6124/6125, 4th Phase, G.I.D.C., Vapi- 396195, Gujarat,
India Location : Leased ·
Mumbai 54 and 56, Mahavir Centre, Sector – 17, Vashi, Navi Mumbai – 400703,
Maharashtra, India. Tel. 91-22-27893601 Fax. 91-22-27893571 E-Mail: swcmumbai@sify.com ·
406, Deepali, 92, Tel. 91-11-26435432 / 26445680 Fax. 91-11-26221055 / 26416861 E-Mail: swcdelhi@satyam.net.in H-19/B, Sector -9, Noida – 201 301, Uttar
Pradesh Tel No.: 91-120-4763200 Fax No.: 91-120-4763222 E-Mail: swcdelhi@satyam.net.in ·
Chennai No.2, Tel No: 91-44-2442371 Fax No: 91-44-244422476 E-Mail: 12345@yahoo.co.in A-39, SIDCO Industrial Estate, Pattarvakkam, Ambattur, Chennai – 600
098,. Tamil Nadu Tel No.: 91-44-26248757/43111443 Fax No.: 91-44-26247901 E-Mal: swcchn123@yahoo.co.in G-6, Brown Nest Apartment, No. 73, 2nd Main Road, Gandhi
Nagar, Adyar, Chennai – 600020, Tamilnadu, India |
|
|
|
|
Business
Centre : |
Mr. U.C. Karan, C/O: Dr. Anand
Prabhakaran, 112, K.D. Flats
C.H. Area, Mobile No: 91-943134884 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Lubbertus Pieter Dijkema |
|
Designation : |
Director |
|
Address : |
263 BD Jean Jaures Boulogne Billan Court France 92100 |
|
Date of Birth/Age : |
22.05.1958 |
|
Date of Appointment : |
20.12.2006 |
|
DIN No : |
01186155 |
|
|
|
|
Name : |
Mr. Eesure Fabienne Nathalie
Conus |
|
Designation : |
Director |
|
Address : |
15, Pue Anatole Chatou, France-78400 |
|
Date of Birth/Age : |
17.03.1967 |
|
Date of Appointment : |
18.09.2008 |
|
DIN No : |
02646715 |
|
|
|
|
Name : |
Mr. Francois Nguyen |
|
Designation : |
Managing Director |
|
Address : |
4955, EL Arcengel, Vitacura, Santiago, Chile-7630424 |
|
Date of Birth/Age : |
08.01.1963 |
|
Date of Appointment : |
25.09.2010 |
|
DIN No : |
03075272 |
|
|
|
|
Name : |
Mr. Rajan Mukherjee |
|
Designation : |
Director |
|
Address : |
166, |
|
Date of Birth/Age : |
29.01.1954 |
|
Date of Appointment : |
10.11.2009 |
|
DIN No : |
02555687 |
|
|
|
|
Name : |
Mr. Thierry Pierre Bernard |
|
Designation : |
Additional Director |
|
Address : |
55 RUE Cortambert Paris 75116 France |
|
Date of Birth/Age : |
24.05.1968 |
|
Date of Appointment : |
23.01.2012 |
|
DIN No : |
05180554 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chryso Sas, France |
|
455534 |
|
Nguyen Franoois |
|
25 |
|
|
|
|
|
Total |
|
455559 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Directors or relatives of directors |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of all kinds of Construction Chemical like
Waterproofing, Epoxies, Plasticizers, Roof Waterproofing, Flooring etc. |
||||
|
|
|
||||
|
Products : |
· Cement and
Concrete Water Proofers · Concrete and
Mortar Admixtures · Concrete AIDS · Protective
Coatings, Membranes and Impregnation · Grouts and
Groutings Additives · Floorings · Tunneling and
Shotcrete Products · Sealants · Tile Adhesives · Repairing
Compounds · Cement AIDS |
||||
|
|
|
||||
|
Brand Names : |
"CICO" |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India · HDFC Bank Limited 174A Block, G New Alipore, Kolkata – 700053, West Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. R. Das Chartered Accountants |
|
Address : |
JDS House, 2nd Floor, plot
– D 2/1, Block – EP, Sector V, |
|
Tel. No.: |
91-33-22812976 |
|
Email : |
|
|
PAN No.: |
ACOPD2929H |
|
|
|
|
Holding Company : |
· Chryso SAS, France |
|
|
|
|
Subsidiaries : |
· SWC Engineering Services Private Limited CIN No : U33125WB1988PTC044846 |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455559 |
Equity Shares |
Rs.10/- each |
Rs.45.556
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3556540 |
Equity Shares |
Rs.10/- each |
Rs.35.565
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
35.565 |
35.565 |
35.565 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
98.581 |
84.476 |
69.917 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(16.862) |
|
|
NETWORTH |
134.146 |
120.041 |
88.620 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.594 |
70.133 |
74.138 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
1.090 |
|
|
TOTAL BORROWING |
47.594 |
70.133 |
75.228 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
181.740 |
190.174 |
163.848 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.016 |
35.727 |
35.662 |
|
|
Capital work-in-progress |
19.711 |
3.555 |
0.000
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
1.314 |
|
|
DEFERREX TAX ASSETS |
11.136 |
13.196 |
0.000 |
|
|
4 |
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
130.337
|
80.589
|
69.357
|
|
|
Sundry Debtors |
317.777
|
251.338
|
208.011
|
|
|
Cash & Bank Balances |
43.897
|
25.507
|
23.506
|
|
|
Other Current Assets |
0.178
|
0.176
|
1.075
|
|
|
Loans & Advances |
40.996
|
31.383
|
51.326
|
|
Total
Current Assets |
533.185
|
388.993
|
353.275
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
228.364
|
197.785 |
|
|
Other Current Liabilities |
|
18.237
|
25.564
|
|
|
Provisions |
11.151
|
4.696
|
3.054
|
|
Total
Current Liabilities |
426.308
|
251.297
|
226.403
|
|
|
Net Current Assets |
106.877
|
137.696
|
126.872
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
181.740 |
190.174 |
163.848 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
831.771 |
645.893 |
681.271 |
|
|
|
Other Income |
22.588 |
22.664 |
6.553 |
|
|
|
TOTAL (A) |
854.359 |
668.557
|
687.824
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
813.156 |
632.929 |
687.019 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.203 |
35.628 |
0.805 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.591 |
10.326 |
12.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.612 |
25.302 |
(12.040) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.745 |
7.077 |
6.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.867 |
18.225 |
(18.951) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.761 |
(13.196) |
(5.250) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.106 |
31.421 |
(13.701) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(32.891) |
(64.312) |
(50.611) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(18.785) |
(32.891) |
(64.312) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.457 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.66 |
88.35 |
(56.94) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.65
|
4.70
|
(1.99) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.63
|
2.82
|
(2.78) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79
|
4.16
|
(4.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.15
|
(0.21) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35
|
0.58
|
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.55
|
1.56 |
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 |
Yes |
|
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 |
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 |
change of address:-
The Registered office of the company has been shifted from “CICO House, 21/1,
OPERATIONS
The Directors
report that the company achieved a 24.80 positive
growth in terms of gross turnover; the gross turnover was Rs 928.200 millions
in the financial year which was 698.000 Millions in the previous year
A strategy to focus on marketing of core business of concrete admixtures,
concrete aids and cement grinding aid backed by R and D and technical service.
The Company had achieved a net profit of Rs.21.867 Millions before tax.
To service the
growth, the manufacturing facilities were significantly upgraded in Kolkata
unit at Salt Lake, Vapi and Noida. The upgradation of facilities caused
doubling of production with much better control over RM dispensing, Large
contribution to better HSE practices, less danger due to spillage, better house
keeping etc.
Safety and concern
for the environment are the guiding principles for development of the
manufacturing facilities. In all units across pan
Procurement and
supply chain economies are an essential driver of profitability. The
international procurement processes of CHRYSO were integrated in all zones to
give a competitive lead in servicing customers in India.
FUTURE PROSPECTS
Marketing plans
have been made for each business unit to achi8ve the five year business plans
set out in early 2011. The group expert from abroad regularly visiting India to
conduct seminars for major customers. This is being followed up by technology
transfer visits.
Considering the
growth and future prospect of the business the company has initiated the
process of setting up additional production unit in North India and In East.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10105823 |
|
Corporate
identity number of the company |
U36992WB1950PTC018695 |
|
Name of the
company |
STRUCTURAL WATERPROOFING COMPANY PRIVATE
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot 38/1, Block – GN, Sector IV V, Salt Lake City, Kolkata 700091,
West Bengal, India |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai
400013, Maharashtra, CIN No.: L65920MH1994PLC080618 E-mail: rbbform8@hdfcbank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum Recording Past Transactions of creation of Mortgage by
Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
18.01.2011 |
|
Amount secured by
the charge |
Rs.239.250 Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest at the rate as may be communicated by the Bank from time to
time. Terms of
Repayment On Demand Margin As may be stipulated by the bank from time to time. Extent and
Operation of the charge The Company accorded and gave oral consent to Bank to
continue to hold and retain the title deeds (by way of Constructive delivery)
in respect of its immovable properties as mentioned under Item No.15 below,
as security for repayment of Rs.201.000 millions by the Company, together
with principal, interest, liquidated damages, costs, charges and expenses. |
|
Short particulars
of the property charged |
1.
Immovable properties lying and
situated at B-29, Sector 4, Noida 2.
Immovable properties being office at
54, 3rd Floor Mahvir Centre, Sector 17, Plot No.77, Vashi 3.
Immovable properties being R.S. No.114/P,
123/P, Plot No.1401/1, 3 Plaza, GIDC Industrial Estate, Vapi. |
|
Date of latest
modification prior to the present modification |
10.03.2010 |
|
Particulars of
the present modification |
The
equitable mortgage/charge now stands increased from Rs.201.000 millions to Rs.239.250 millions
in favour the Bank |
FIXED ASSETS:
· Land - Freehold
· Land - Leasehold
· Buildings
· Plant and Machinery
· Furniture and Fittings
· 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.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
30 |
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.