MIRA INFORM REPORT
|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOTHARI AGRITECH PRIVATE LIMITED |
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|
|
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Formerly Known
As : |
KOTHARI INDUSTRIES |
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Registered
Office : |
"Sun Plaza" 8516/11, 3rd Floor, Murarji Peth, Subhash Chowk,
Solapur – 413001, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
01.12.2009 |
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Com. Reg. No.: |
11-135094 |
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Capital
Investment / Paid-up Capital : |
Rs.70.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203PN2009PTC135094 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK09201D |
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|
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PAN No.: [Permanent Account No.] |
AADCK8017H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of Pipes like PVC Pipes and Fittings, SWK Pipes and
Fittings. |
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|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 780000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was established as a partnership concern in the year 1996 as
Kothari Industries and during 2009 it got converted in to private limited. It is an established company having moderate track record. The
profitability of the company has dipped sharply during 2012. There appears
huge external borrowings recorded by the company. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
April 20, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
April 20, 2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Nama |
|
Designation : |
Account Department |
|
Contact No.: |
91-217-2721490 |
|
Date : |
30.04.2013 |
LOCATIONS
|
Registered Office/ Corporate
Office : |
"Sun Plaza" 8516/11, 3rd Floor, Murarji Peth, Subhash Chowk,
Solapur – 413001, Maharashtra, India |
|
Tel. No.: |
91-217-2721490 |
|
Fax No.: |
91-217-2721498 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 185-193, Chandramauli Industrial Co-operative Estate, Mohol,
Solapur – 413213, Maharashtra, India |
|
Tel. No.: |
91-2189-232298/ 232498 |
|
Fax No.: |
91-2189-232591 |
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E-Mail : |
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Mumbai Office : |
338, Neo Corporate Plaza, Ramchandra Lane, Malad (West), Mumbai -
400064, Maharashtra, India |
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|
|
Regional Offices : |
Located at:
|
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Kiran Shivlal Kothari |
|
Designation : |
Director |
|
Address : |
Nagane Deshmukh Apartments, Bhudhwar Peth, Samrat Chowk, Solapur –
413002, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Qualification : |
B.Sc. (Agriculture) |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
AAEHK3731J |
|
DIN No.: |
00423658 |
|
|
|
|
Name : |
Mr. Arvind Shivlal Kothari |
|
Designation : |
Director |
|
Address : |
Jupitor Apartments, S. No. 8338/A/2/2/2, Railway Lines, Solapur –
413001, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1958 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
ABGPK7158Q |
|
DIN No.: |
00423735 |
|
|
|
|
Name : |
Mr. Ujwal Shivlal Kothari |
|
Designation : |
Managing Director |
|
Address : |
C-Narshi Roadways, Samrat Chowk, Solapur – 413 002, Maharashtra, India
|
|
Date of Birth/Age : |
25.12.1960 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
AAPHK9854L |
|
DIN No.: |
00423813 |
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|
|
|
Name : |
Mr. Amol Shantikumar Paliya |
|
Designation : |
Additional director |
|
Address : |
At Post Ahergaon, Taluka Madha, District Solapur – 413 209,
Maharashtra, India |
|
Date of Birth/Age : |
27.03.1978 |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
AIGPP7461E |
|
DIN No.: |
01483162 |
|
|
|
|
Name : |
Mr. Anand Ramchandra Kothadiya |
|
Designation : |
Director |
|
Address : |
Hayaskulvasahata, Jeur, Taluka Karmala, Solapur – 413203, Maharashtra,
India |
|
Date of Birth/Age : |
05.03.1949 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05270588 |
KEY EXECUTIVES
|
Name : |
Mr. Nama |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kiran Shivlal Kothari |
|
1400000 |
|
Ujwal Shivlal Kothari |
|
700000 |
|
Arvind Shivlal Kothari |
|
700000 |
|
Amol Shantikumar Paliya |
|
700000 |
|
Pushkaraj Kiran Kothari |
|
700000 |
|
Ashish Arvind Kothari |
|
700000 |
|
Akshay Arvind Kothari |
|
700000 |
|
Sourabh Ujwal Kothari |
|
700000 |
|
Gourav Ujwal Kothari |
|
700000 |
|
|
|
|
|
Total |
|
7000000 |
As on: 16.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kiran Shivlal Kothari |
|
1400000 |
|
Ujwal Shivlal Kothari |
|
700000 |
|
Arvind Shivlal Kothari |
|
700000 |
|
Amol Shantikumar Paliya |
|
700000 |
|
Pushkaraj Kiran Kothari |
|
700000 |
|
Ashish Arvind Kothari |
|
700000 |
|
Akshay Arvind Kothari |
|
700000 |
|
Sourabh Ujwal Kothari |
|
700000 |
|
Gourav Ujwal Kothari |
|
700000 |
|
|
|
|
|
Total |
|
7000000 |
As on: 19.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Ujwal Shivlal Kothari |
|
100000 |
|
Gourav Ujwal Kothari |
|
100000 |
|
Sourav Ujwal Kothari |
|
100000 |
|
Kiran Shivlal Kothari |
|
200000 |
|
Pushkaraj Kiran Kothari |
|
100000 |
|
Arvind Shivlal Kothari |
|
100000 |
|
Akshay Arvind Kothari |
|
100000 |
|
Ashish Arvind Kothari |
|
100000 |
|
Amol Shantikumar Paliya |
|
100000 |
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|
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Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
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|
|
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|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pipes like PVC Pipes and Fittings, SWK Pipes and
Fittings. |
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|
|
|
Products : |
·
Drip Irrigation System ·
Mini Sprinkler ·
Jets and Foggers ·
Filters ·
Poly Fittings ·
Plastic Sprinklers and Pop Ups ·
Rain-guns ·
Sprinkler Irrigation System ·
Rigid u PVC Pipes ·
PVC Rubber Ring Joint Pipe ·
Fabricated Fittings ·
PVC Agriculture Moulded Fittings
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers
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No. of Employees : |
600 (Approximately) |
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Bankers : |
State Bank of India, Rajamati Bhavan, Bhusar Peth, Mohol, Solapur –
413 213, Maharashtra, India |
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Facilities : |
Cash Credit Rs.2.000 Millions (From State
Bank of India) (Rs.
In Millions)
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Banking
Relations : |
-- |
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Financial Institute : |
Electronica Finance Limited, 128/A, Plot, No.3,Kailashchandra Apartments, Paud Road, Kothrud, Pune - 411038, Maharashtra, India |
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Auditors : |
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|
Name : |
M Z S K and Associates Chartered Accountants |
|
Address : |
Business Bay, Level 3, Plot No 84, Near RTO |
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PAN No.: |
AACFK3470E |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
CIN No.: U25209PN1996PTC095940
|
CAPITAL STRUCTURE
After: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
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|
|
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|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
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|
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|
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 |
70.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
12.080 |
19.200 |
|
|
3] Reserves & Surplus |
126.368 |
84.297 |
33.229 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
196.368 |
146.377 |
102.429 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
490.986 |
397.424 |
106.195 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
66.847 |
|
|
TOTAL BORROWING |
490.986 |
397.424 |
173.042 |
|
|
DEFERRED TAX LIABILITIES |
27.296 |
9.883 |
0.180 |
|
|
|
|
|
|
|
|
TOTAL |
714.650 |
553.684 |
275.651 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
407.733 |
200.021 |
78.269 |
|
|
Capital work-in-progress |
0.789 |
153.774 |
4.901 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.248 |
0.248 |
0.141 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
185.119
|
231.247 |
122.740 |
|
|
Sundry Debtors |
461.149
|
335.545 |
201.901 |
|
|
Cash & Bank Balances |
62.998
|
29.023 |
23.323 |
|
|
Other Current Assets |
25.574
|
20.393 |
10.725 |
|
|
Loans & Advances |
78.080
|
67.782 |
4.664 |
|
Total
Current Assets |
812.920
|
683.990 |
363.353 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
305.572
|
279.111 |
133.629 |
|
|
Other Current Liabilities |
171.237
|
160.562 |
37.751 |
|
|
Provisions |
30.231
|
44.676 |
0.000 |
|
Total
Current Liabilities |
507.040
|
484.349 |
171.380 |
|
|
Net Current Assets |
305.880
|
199.641 |
191.973 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.367 |
|
|
|
|
|
|
|
|
TOTAL |
714.650 |
553.684 |
275.651 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1649.490 |
1110.712 |
419.933 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1600.007
(Including Financial Expenses and Depreciation) |
961.310 |
376.973 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
149.402 |
42.961 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
56.742 |
14.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
92.660 |
28.482 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
12.650 |
6.243 |
|
|
|
|
|
|
|
|
|
Less |
PRELIMINARY
EXPENSES W/O |
|
0.092 |
0.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
49.483 |
79.918 |
22.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.412 |
28.850 |
8.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.071 |
51.068 |
13.809 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.58 |
10.21 |
2.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.94 |
4.60 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.05 |
9.04 |
5.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.55 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.50 |
2.72 |
1.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.41 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.12.2011 |
31.12.2010 |
|
Sundry Creditors |
305.572
|
279.111 |
133.629 |
|
|
|
|
|
|
Total |
305.572
|
279.111 |
133.629 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered address of the company has been shifted from Plot No 146 to 157, Chandramauli Industrial
Co-operative Estate Mohol - 413213, Maharashtra, India to the present
w.e.f.11.11.2011
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U25203PN2009PTC135094 |
|
Name of the
company |
KOTHARI AGRITECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
"Sun Plaza" 8516/11, 3rd Floor, Murarji Peth, Subhash Chowk,
Solapur – 413001, Maharashtra, India E-mail: nama.av@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Electronica Finance Limited, 128/A, Plot, No.3,Kailashchandra Apartments, Paud Road, Kothrud, Pune - 411038, Maharashtra, India E-mail: finance@electronicafinance.com |
|
Nature of
instrument creating charge |
Agreement of
hypothecation dated 17th April, 2013. |
|
Date of
instrument Creating the charge |
17.04.2013 |
|
Amount secured by
the charge |
Rs.6.991 Millions
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 13.27% per annum. Terms of
Repayment 30 Monthly
Installments. Margin N. A. Extent and
Operation of the charge First charge. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Ferromatik
Milacron injection moulding machine model Omega Servo 200t, frame - b 50 With
Std. Accessories - 1 no lying at plot no. 185 to 189, chandramouli, Ind Co
Est, mohol - 413213. Ferromatik
Milacron injection moulding machine model Omega Servo 200t, frame - b 55With
std. Accessories - 1 no lying at plot no. 185 to 189, chandramouli, Ind Co
Est, Mohol - 413213. |
FIXED ASSETS:
Tangible Assets
- Land
- Buildings
- Office Building
- Plant and Equipment
- 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.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
33 |
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.