1. Summary Information
|
Country |
India |
||
|
Company Name |
Astra Merchants Private Limited |
Principal Name 1 |
Mr. Pranay Jhunjhunwala |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Kalpana Jhunjhunwala |
|
Registration # |
21-077717 |
||
|
Street Address |
19. R. N. Mukherjee Road, P. S. Hare St., Kolkata – 700001, West
Bengal, India |
||
|
Established Date |
29.02.1996 |
SIC Code |
-- |
|
Telephone# |
91-33-22489680 |
Business Style 1 |
Freight Contractors |
|
Fax # |
91-33-22485239 |
Business Style 2 |
Brokers |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
Standard Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ca (18) |
|
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 |
391,000 |
Current Liabilities |
142,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
19,000 |
|
Fixed Assets |
2,142,000 |
Other Liabilities |
25,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
186,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
347,000 |
|
|
|
Net Worth |
2,347,000 |
|
Total Assets |
2,533,000 |
Total Liab. & Equity |
2,533,000 |
|
Total Assets (Previous Year) |
2,685,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
109,000 |
Net Profit |
29,000 |
|
Sales(Previous yr) |
420,000 |
Net Profit(Prev.yr) |
64,000 |
MIRA INFORM REPORT
|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASTRA MERCHANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
19. R. N. Mukherjee Road, P. S. Hare St., Kolkata – 700001, West
Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.02.1996 |
|
|
|
|
Com. Reg. No.: |
21-077717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB1996PTC077717 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALA03862F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
To carry on business as distributors, agents, traders, merchants, contractors,
brokers and otherwise deal in merchandise and articles of all kinds including
clearing agent, freight contractors, towarding agents, licencing agents,
general brokers and to carry on any kind of commercial business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The latest
financials are not made available with the government department. As per previous year’s record, the company recorded small scale of
operation with minimum profit. However, business is active. Payments are reported to be unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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 |
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 : |
19. R. N. Mukherjee Road, P. S. Hare St., Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
91-33-22489680/ 22485265 |
|
Fax No.: |
91-33-22485239 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Pranay Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
9/2, Merlin Park, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
09.02.1975 |
|
Date of Appointment : |
01.09.1997 |
|
PAN No.: |
ACJPJ1639H |
|
DIN No.: |
00106301 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65910WB1992PTC055995 |
PRARIT
INVESTMENTS PRIVATE LIMITED |
Director |
21/07/1992 |
21/07/1992 |
Active |
NO |
|
2 |
U70101WB1994PTC065224 |
PRARIT
PROPERTIES PRIVATE LIMITED |
Director |
22/09/1994 |
22/09/1994 |
Active |
NO |
|
3 |
U27109WB1984PTC038161 |
PRANAY
ENGINEERING COMPANY PRIVATE LIMITED |
Director |
20/01/1995 |
20/01/1995 |
Active |
NO |
|
4 |
U51109WB1996PTC081181 |
CENTREX
COMMERCE PRIVATE LIMITED |
Director |
20/08/1997 |
20/08/1997 |
Active |
NO |
|
5 |
U51109WB1996PTC081182 |
HILLTOP
VINIMAY PRIVATE LIMITED |
Director |
22/08/1997 |
22/08/1997 |
Active |
NO |
|
6 |
U51109WB1996PTC081177 |
LIBRA
VINIMAY PRIVATE LIMITED |
Director |
01/09/1997 |
01/09/1997 |
Active |
NO |
|
7 |
U51109WB1996PTC077717 |
ASTRA
MERCHANTS PRIVATE LIMITED |
Director |
01/09/1997 |
01/09/1997 |
Active |
NO |
|
8 |
U70109WB2000PTC091529 |
PRATIKSHIT
ESTATES PRIVATE LIMITED |
Director |
30/03/2000 |
30/03/2000 |
Active |
NO |
|
9 |
U28999WB1988PTC044084 |
INDIA
TOOLS CRAFTS PRIVATE LIMITED |
Director |
21/10/2002 |
21/10/2002 |
Active |
NO |
|
10 |
U27109WB1970PTC027745 |
ARMEET
TOOLS AND EQUIPMENTS PRIVATE LIMITED |
Director |
10/04/2007 |
10/04/2007 |
Amalgamated |
NO |
|
11 |
U29248WB1983PTC036657 |
CHAKRAPANI
CONSTRUCTIONS PRIVATE LIMITED |
Whole-time
director |
01/01/2008 |
01/01/2008 |
Active |
NO |
|
Name : |
Mrs. Kalpana Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
9/2, Merlin Park, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
20.11.1944 |
|
Date of Appointment : |
10.04.2007 |
|
PAN No.: |
ACWPJ5364 |
|
DIN No.: |
00106385 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70101WB1994PTC065224 |
PRARIT
PROPERTIES PRIVATE LIMITED |
Director |
22/09/1994 |
22/09/1994 |
Active |
NO |
|
2 |
U65910WB1992PTC055995 |
PRARIT
INVESTMENTS PRIVATE LIMITED |
Director |
01/07/1995 |
01/07/1995 |
Active |
NO |
|
3 |
U51109WB1996PTC081182 |
HILLTOP
VINIMAY PRIVATE LIMITED |
Director |
20/08/1997 |
20/08/1997 |
Active |
NO |
|
4 |
U51109WB1996PTC081177 |
LIBRA
VINIMAY PRIVATE LIMITED |
Director |
01/09/1997 |
01/09/1997 |
Active |
NO |
|
5 |
U51109WB1996PTC077717 |
ASTRA
MERCHANTS PRIVATE LIMITED |
Whole-time
director |
01/07/2007 |
10/04/2007 |
Active |
NO |
|
6 |
U28999WB1988PTC044084 |
INDIA
TOOLS CRAFTS PRIVATE LIMITED |
Director |
10/09/2009 |
10/09/2009 |
Active |
NO |
|
7 |
U27109WB1984PTC038161 |
PRANAY
ENGINEERING COMPANY PRIVATE LIMITED |
Director |
10/09/2009 |
10/09/2009 |
Active |
NO |
|
8 |
U27109WB1970PTC027745 |
ARMEET
TOOLS AND EQUIPMENTS PRIVATE LIMITED |
Director |
10/09/2009 |
10/09/2009 |
Amalgamated |
NO |
|
9 |
U29248WB1983PTC036657 |
CHAKRAPANI
CONSTRUCTIONS PRIVATE LIMITED |
Director |
20/02/2010 |
20/02/2010 |
Active |
NO |
|
Name : |
Mrs. Ritu Bagla |
|
Designation : |
Director |
|
Address : |
1, Bal Lygunge Place, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
15.03.1968 |
|
Date of Appointment : |
01.09.1997 |
|
PAN No.: |
AGMPB5206H |
|
DIN No.: |
00151938 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Equity Shareholders |
No. of Shares |
|
Kalpana Jhunjhunwala |
27500 |
|
Pranay Jhunjhunwala |
10000 |
|
Arun Jhunjhunwala |
10000 |
|
A K and Sons (HUF) |
42500 |
|
Ritu Bagla |
10000 |
|
TOTAL
|
100000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Kalpana Jhunjhunwala |
10000 |
|
TOTAL
|
10000 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on business as distributors, agents, traders, merchants,
contractors, brokers and otherwise deal in merchandise and articles of all kinds
including clearing agent, freight contractors, towarding agents, licencing
agents, general brokers and to carry on any kind of commercial business. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Standard Charted Bank, SME Banking, 19 N S Road, Kolkata-700001, West Bengal, India · The Royal Bank of Scotland |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. P. Boobna and Company Chartered Accountant |
|
Address : |
209, A. J. C. Bose Road Karnani Estate, 2nd Floor, Room
No.87, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-30282576 |
|
Fax No.: |
91-33-30282581 |
|
E-Mail : |
|
|
PAN No.: |
AACFR115R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
10000 |
Preference Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
TOTAL |
|
Rs. 2.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
10000 |
Preference Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
TOTAL |
|
Rs. 2.000
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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.347 |
0.330 |
0.277 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.347 |
2.330 |
2.277 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.019 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.019 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.366 |
2.330 |
2.277 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.142 |
2.143 |
2.143 |
|
|
Capital work-in-progress |
0.000 |
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 |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.072
|
0.182
|
0.073 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
0.319
|
0.360
|
0.501 |
|
Total
Current Assets |
0.391
|
0.542 |
0.574 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.005
|
0.329
|
0.398 |
|
|
Other Current Liabilities |
0.137
|
0.001
|
0.003 |
|
|
Provisions |
0.025
|
0.025
|
0.039 |
|
Total
Current Liabilities |
0.167
|
0.355 |
0.440 |
|
|
Net Current Assets |
0.224
|
0.187
|
0.134 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.366 |
2.330 |
2.277 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
0.109 |
0.420 |
0.420 |
|
|
|
Other Income |
|
0.005 |
0.012 |
|
|
|
TOTAL |
0.109 |
0.425 |
0.432 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
0.090 |
0.002 |
0.002 |
|
|
|
General Expenses |
|
0.000 |
0.000 |
|
|
|
Flat Maintenance |
|
0.019 |
0.013 |
|
|
|
Rates and Taxes |
|
0.016 |
0.016 |
|
|
|
Data Processing Charges |
|
0.001 |
0.004 |
|
|
|
Director Remuneration |
|
0.300 |
0.300 |
|
|
|
Filling Fees |
|
0.003 |
0.001 |
|
|
|
Insurance Charges |
|
0.002 |
0.003 |
|
|
|
Legal Advice |
|
0.002 |
0.007 |
|
|
|
Rent |
|
0.003 |
0.003 |
|
|
|
TOTAL |
0.090 |
0.348 |
0.349 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
0.019 |
0.077 |
0.083 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.010) |
0.013 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.029 |
0.064 |
0.074 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.257 |
0.218 |
0.163 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.002 |
0.013 |
0.007 |
|
|
|
Dividend on Preference Share |
0.010 |
0.010 |
0.010 |
|
|
|
Tax on Preference Dividend |
0.001 |
0.002 |
0.002 |
|
|
BALANCE CARRIED
TO THE B/S |
0.273 |
0.257 |
0.218 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.18 |
0.53 |
0.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
26.61
|
15.06
|
17.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
18.33
|
19.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75
|
2.87
|
3.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.03
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
1.53
|
1.30 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Intercorporate |
0.019 |
0.000 |
|
|
|
|
|
TOTAL |
0.019 |
0.000 |
FORM 8
|
Corporate
identity number of the company |
U51109WB1996PTC077717 |
|
Name of the
company |
ASTRA MERCHANTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
19. R. N. Mukherjee Road, P. S. Hare St., Kolkata – 700001, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10331439 |
|
Type of charge |
|
|
Particular of
charge holder |
Standard Charted Bank, SME Banking, 19 N S Road, Kolkata-700001, West Bengal, India |
|
Nature of
instrument creating charge |
Memorandum Of
Entry - Supplemental |
|
Date of
instrument Creating the charge |
18.01.2013 |
|
Amount secured by
the charge |
Rs. 56.060
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Rates as per the sanction
terms are subject to change from time to time. Terms of repayment OD facility is
payable on demand Term Loan and
other facility is payable as per the sanction terms. Margin 25% of Stock and
Book Debts (up to 90 days) less Creditors Extent and operation of the charge The charged
security be a continuing security and by way of first charge against Banking
Facility extended to India Tools Crafts Private Limited Rs.42.310 Millions
and Pranay Engineering Company Private Limited Rs.13.750 Millions. The company
hereby declare that all the charged assets now existing are absolute property
of and at the sole disposal of the company and free from any prior charge Other The charged
security shall be kept at the Co's risk and expenses in good condition and
fully insured against loss or damage by fire, theft etc and also against
other loss or damages may be required by the Bank. The charged goods
and all sales realization and insurance proceeds thereof and all the
documents under this security shall be held as bank's exclusive property. Other terms are as per Sanction letter and MOE etc. |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
Mortgage of the Following property: All that land
measuring about 4 cottah, 3 chittaks, and 16 sq fts along with G+4 Storied
bldg. and each floor having 2000sqft (first to four) and ground floor having
Car parking space at plot no. 28 CIT Scheme no. XLVIII and portion of holding
no. 45 and 46, Dihi Panchannagram, P.S. Ballygunge, being plot no.3 of the
scheme in respect of premises no. P-26, Scheme XLVIII being premises no. 9/2
Gariahat Road (Merlin Park), now known as Leela Roy Sarani, Kolkata-29,
District 24 Parganas(s). |
|
Particulars of
the present modification |
By this present
modification overall limit secured by has been modified to Rs.56.060 Millions
by way of Equitable Mortgage of the property located at 9/2 Gariahat Road
against the facility of Rs.42.310 Millions extended to India Tools Craft
Private Limited and Cross Collaterized for the facility of Rs.13.750 Millions
extended to Pranay Engineering Company Private Limited |
FIXED ASSETS
- Flat
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. 54.27 |
|
|
1 |
Rs. 82.49 |
|
Euro |
1 |
Rs. 69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.