1. Summary Information
|
|
|
Country |
India |
|
Company Name |
MALHOTRA RUBBERS
LIMITED |
Principal Name 1 |
Mr. Gopal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Monit Malhotra |
|
|
|
Registration # |
55-009127 |
|
Street Address |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015, India |
||
|
Established Date |
15.07.1978 |
SIC Code |
-- |
|
Telephone# |
91-11-49994999/ 25117555 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Tyres |
|
|
# of employees |
Not Available |
Product Name 2 |
Allied Materials |
|
Paid up capital |
Rs.22,099,860/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate -14.70% Directors or relatives of directors -84.80% Other top fifty shareholders -0.50% |
Banking |
Bank
of Baroda |
|
Public Limited Corp. |
NO |
Business Period |
35 Yeas |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
133,553,000 |
Current Liabilities |
153,339,000 |
|
Inventories |
166,344,000 |
Long-term Liabilities |
223,260,000
|
|
Fixed Assets |
221,806,000 |
Other Liabilities |
15,452,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
392,051,000 |
|
Invest& other Assets |
30,109,000 |
Retained Earnings |
137,661,000 |
|
|
|
Net Worth |
159,761,000 |
|
Total Assets |
551,812,000 |
Total Liab. & Equity |
551,812,000 |
|
Total Assets (Previous Year) |
391,528,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
915,424,000 |
Net Profit |
13,565,000 |
|
Sales(Previous yr) |
721,714,000 |
Net Profit(Prev.yr) |
13,804,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MALHOTRA RUBBERS LIMITED |
|
|
|
|
Formerly Known
As : |
MALHOTRA RUBBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.07.1978 |
|
|
|
|
Com. Reg. No.: |
55-009127 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1978PLC009127 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM00365B/ DELM08866E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM0923H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Tyres and Allied Materials. |
|
|
|
|
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 630000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
management has failed to file latest financial i.e. 2011-12 with the
government department. From the previous year financials it seems that the
profit margin of the company appears to be low. However, trade relations are
reported as fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with some
cautions. |
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) |
|
India |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A4+ (Non Fund Based Limit) (Suspended) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
September 14, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ (Long Term Rating) (Suspended) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
September 14, 2012 |
Note: Reason for suspended is not available.
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/ Export/ Administrative Office : |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015, India |
|
Tel. No.: |
91-11-49994999/ 25117555 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
D-4, Sector XI, District Gautam Budh Nagar, Noida, Uttar Pradesh,
India |
|
|
|
|
Factory 2 : |
A1/2, Plot # 10, 11 And 12, UPSIDC Site B, Surajpur Industrial Area,
Greater Noida, District Gautam Budh Nagar – 201308, Uttar Pradesh India |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Gopal |
|
Designation : |
Managing Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
01.01.1955 |
|
Date of Appointment : |
15.07.1978 |
|
Voter ID No.: |
DL/06/065/168034 |
|
DIN No.: |
00515546 |
|
|
|
|
Name : |
Mr. Monit Malhotra |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
20.01.1981 |
|
Date of Appointment : |
08.08.2005 |
|
Voter ID No.: |
MJD0916270 |
|
DIN No.: |
00494427 |
|
|
|
|
Name : |
Mr. Raghav Malhotra |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
08.03.1989 |
|
Date of Appointment : |
11.06.2007 |
|
DIN No.: |
01617602 |
|
|
|
|
Name : |
Mr. Ramesh Arora |
|
Designation : |
Director |
|
Address : |
C-1/42, Sector – 36, Noida – 201301, |
|
Date of Birth/Age : |
11.10.1948 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No.: |
02775114 |
|
|
|
|
Name : |
Mr. Rachit Arora |
|
Designation : |
Director |
|
Address : |
C-1/42, Sector – 36, Noida – 201301, |
|
Date of Birth/Age : |
30.07.1974 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No.: |
02775158 |
|
|
|
|
Name : |
Mr. Sikander Sachdeva |
|
Designation : |
Director |
|
Address : |
178 C, Block AC, Shalimar Bagh, New Delhi – 110088, India |
|
Date of Birth/Age : |
03.05.1962 |
|
Date of Appointment : |
30.06.2008 |
|
DIN : |
00150426 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Krishna Malhotra |
|
946210 |
|
Geeta Malhotra |
|
434260 |
|
Monit Malhotra |
|
195310 |
|
Raghav Malhotra |
|
195290 |
|
Gopal Kumar Malhotra (HUF) |
|
102000 |
|
Nainani Das Tirath |
|
2500 |
|
Nainani Motumal Tirath Das |
|
5000 |
|
Nainani Tirath Das Srichand |
|
2500 |
|
Cee Aar Finance And Leasing Private Limited, India |
|
115000 |
|
Ceelestial Mercantile Private Limited, India |
|
131083 |
|
Ashirwad Tie Up Private Limited, India |
|
8333 |
|
Empower Industries India Limited, India |
|
35000 |
|
Prabhav Industries Limited, India |
|
17500 |
|
ACIL Cotton Industries Limited, India |
|
20000 |
|
|
|
|
|
Total |
|
2209986 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
Bodies corporate |
|
14.70 |
|
Directors or relatives of directors |
|
84.80 |
|
Other top fifty shareholders |
|
0.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Tyres and Allied Materials. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Tyres |
M.T. |
NA |
7000 |
|
Tyre Flap |
M.T. |
NA |
7000 |
|
TRC |
M.T. |
NA |
7000 |
|
Cord Repair Fabric |
M.T. |
NA |
7000 |
|
Tread Rubber |
M.T. |
NA |
7000 |
|
Precured Tread |
M.T. |
NA |
7000 |
|
Chusion Gum |
M.T. |
NA |
7000 |
|
FCC Bags |
M.T. |
NA |
7000 |
Annual Installed capacity certified by the
management and not verified by the auditor being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda, International Business Branch, Parliament Street, New Delhi - 110001, India · Oriental Bank of Commerce, A 30 Connaught Place, New Delhi – 110001, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Surendra Subhash and Company Chartered Accountants |
|
Address : |
2nd Floor Bansi House, 1/24 Asafali Road, New Delhi – 110002, India |
|
PAN No.: |
AARFS2442P |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2209986 |
Equity Shares |
Rs.10/- each |
Rs.22.100
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 |
22.100 |
22.100 |
19.658 |
|
|
2] Share Application Money |
0.000 |
0.000 |
14.450 |
|
|
3] Reserves & Surplus |
137.661 |
124.201 |
67.193 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
159.761 |
146.301 |
101.301 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
182.761 |
89.978 |
99.999 |
|
|
2] Unsecured Loans |
40.499 |
38.855 |
45.255 |
|
|
TOTAL BORROWING |
223.260 |
128.833 |
145.254 |
|
|
DEFERRED TAX LIABILITIES |
10.009 |
7.595 |
5.446 |
|
|
|
|
|
|
|
|
TOTAL |
393.030 |
282.729 |
252.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
221.806 |
182.612 |
165.788 |
|
|
Capital work-in-progress |
30.109 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
166.344
|
109.341 |
85.581
|
|
|
Sundry Debtors |
69.303
|
51.793 |
60.017
|
|
|
Cash & Bank Balances |
27.324
|
18.367 |
14.836
|
|
|
Other Current Assets |
9.426
|
2.997 |
2.871
|
|
|
Loans & Advances |
27.500
|
26.418 |
14.323
|
|
Total
Current Assets |
299.897
|
208.916 |
177.628 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
131.113
|
79.177 |
65.699
|
|
|
Other Current Liabilities |
22.226
|
25.456 |
24.274
|
|
|
Provisions |
5.443
|
4.166 |
1.442
|
|
Total
Current Liabilities |
158.782
|
108.799 |
91.415 |
|
|
Net Current Assets |
141.115
|
100.117 |
86.213
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
393.030 |
282.729 |
252.001 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
915.424 |
721.714 |
592.899 |
|
|
|
Other Income |
29.242 |
17.709 |
13.194 |
|
|
|
TOTAL (A) |
944.666 |
739.423 |
606.093 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
766.096 |
590.509 |
|
|
|
|
Excise Duty |
37.681 |
22.887 |
|
|
|
|
Administrative Expenses |
57.971 |
42.042 |
|
|
|
|
Selling and distribution Expenses |
37.274 |
36.903 |
|
|
|
|
TOTAL (B) |
899.022 |
692.341 |
569.718 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
45.644 |
47.082 |
36.375 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.605 |
13.199 |
15.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.039 |
33.883 |
20.532 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
13.618 |
13.763 |
10.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.421 |
20.120 |
10.276 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.856 |
6.316 |
3.608 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.565 |
13.804 |
6.668 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
53.969 |
40.165 |
33.497 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
67.534 |
53.969 |
40.165 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
391.416 |
425.554 |
390.698 |
|
|
TOTAL EARNINGS |
391.416 |
425.554 |
390.698 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
316.185 |
205.849 |
159.415 |
|
|
TOTAL IMPORTS |
316.185 |
205.849 |
159.415 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
6.14 |
6.25 |
3.39 |
|
|
|
Diluted |
6.14 |
6.67 |
3.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.44 |
1.87 |
1.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.34 |
2.79 |
1.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.11 |
5.14 |
2.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.14 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.40 |
0.88 |
1.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89 |
1.92 |
1.94 |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 31.03.2011 |
As on 31.03.2010 |
|
From Shareholders (Interest tree) |
17.105 |
7.455 |
|
Term Loan (From Scheduled Bank) |
1.694 |
11.200 |
|
Securities and Advances (interest live) |
21.700 |
20.200 |
|
|
|
|
|
Total |
40.499 |
38.855 |
PERFORMANCE AND
OPERATIONAL REVIEW
The Company achieved gross turnover of Rs. 944.666 Millions was at an all time high against Rs. 739.423 Millions in-the previous year includes export benefits and etc, recording a growth of 27.76 %. The company made a Profit before tax for the year was Rs. 21.421 Millions and Profit after tax was Rs. 13.565 Millions. The year was full of challenges and achievements.
FUTURE PLANNING AND
OUTLOOK
Indian economy is growing at a rapid pace having recorded a GDP growth of around 8.5% for the year 2010-11. It augurs well for the Indian industry. Inflation remains a cause of worry. Commodity and crude prices increased steeply during the year which had spiraling affect on the raw material costs across the industry. Recent Government policy initiatives have led to increase in the interest costs. As a result, industrial production slowed down to some extent in the second half of the year. The automotive sector has performed well during the year with an overall growth of 27%. This growth rate has resulted in robust demand for tyres. It is a matter of satisfaction that Malhotra Tyre has recorded 27.76 % growth in its Turnover. Profitability was affected due to high raw material costs which had to be absorbed by the Company, as the tyre prices have not kept pace which such steep cost increase. The Company could partly mitigate the increased costs by all the round improvement in operating efficiencies, higher productivity, cost reduction measures and richer product mix.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U74899DL1978PLC009127 |
|
Name of the
company |
MALHOTRA RUBBERS
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015, India E-mail: mrltires@yahoo.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
Bank of Baroda, International Business Branch, Parliament Street, New Delhi - 110001, India E-mail: ca_rcg@yahoo.co.in |
|
Nature of instrument
creating charge |
Composite
Hypothecation Agreement dated 20.04.2012 |
|
Date of
instrument Creating the charge |
20.04.2012 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per
Bank's/RBI/FEDAI guidelines from time to time. Terms of
Repayment Payable on
demand. Margin 10% Extent and
Operation of the charge 100% Others To secure all
amounts payable under Adhoc Letter of Credit (DA-90 days) limit of Rs. 30.000
Millions granted to the Company for three months together with all interests,
costs, charges, expenses, commission etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
the following: a)Stock of
raw-materials, work-in-process, semi
finished goods and finished
goods such as Carbon, Rubbers, Tyres
and other related items, packing
materials and stores etc. now lying or hereafter stored at Company's premises
or at any other place(s) including those in transit. b) All
book-debts, outstandings, monies receivables, claims, bills, contracts,
engagements and securities etc. - both present and future. c)All tangible moveable machinery and plant and
vehicles together with spares, tools and accessories and other moveables,
furniture, fixtures and fittings and
office equipments installed/stored/kept or to be installed/stored/kept at
Company's premises at D-4 Sector-XI, Noida (UP), A-1/2-10 and 11, Surajpur
Industrial Area, Greater Noida and Second Floor, Shyam Market, Property No.
950/5, SP Mukherjee Marg, Delhi-110006 or at any other place(s) including
those in transit. |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer
- Office
Equipments
- Electrical
Installations
- 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.54.29 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
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 |
|
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.