1. Summary Information
|
Country |
|
||
|
Company Name |
S M AUTO
ENGINEERING PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjay Mohanlal Chopda |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sharad Mangesh Rege |
|
Registration # |
11-019348 |
||
|
Street Address |
12, Bhosale Nagar, Ganesh Khind Road, Pune - 411007, Maharashtra |
||
|
Established Date |
30.11.1976 |
SIC Code |
-- |
|
Telephone# |
91-20-25537649 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20-25531960 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Radiators |
|
|
# of employees |
Not Available |
Product Name 2 |
Filters |
|
Paid up capital |
Rs. 82,500,000/- |
Product Name 3 |
Exhaust Systems |
|
Shareholders |
Directors or relatives of directors 99.87%, Other
top fifty shareholders 0.13% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
37 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Joint Venture |
-- |
SM Eberspaecher Exhaust Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
507,709,000 |
Current Liabilities |
539,952,000 |
|
Inventories |
165,802,000 |
Long-term Liabilities |
394,019,000 |
|
Fixed Assets |
491,879,000 |
Other Liabilities |
41,165,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
975,136,000 |
|
Invest& other Assets |
250,171,000 |
Retained Earnings |
357,925,000 |
|
|
|
Net Worth |
440,425,000 |
|
Total Assets |
1,415,561,000 |
Total Liab. & Equity |
1,415,561,000 |
|
Total Assets (Previous Year) |
1,260,570,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
3,158,257,000 |
Net Profit |
81,280,000 |
|
Sales(Previous yr) |
2,330,439,000 |
Net Profit(Prev.yr) |
47,556,000 |
MIRA INFORM REPORT
|
Report Date : |
13.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
S M AUTO ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, Bhosale Nagar, Ganesh Khind Road, Pune - 411007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.11.1976 |
|
|
|
|
Com. Reg. No.: |
11-019348 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 82.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300MH1976PTC019348 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS9239E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Radiators, Filters and Exhaust Systems |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1760000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
It has achieved better growth in its turnover during 2012. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
12, Bhosale Nagar, Ganesh Khind Road, Pune - 411007, Maharashtra,
India |
|
Tel. No.: |
91-20-25537649 |
|
Fax No.: |
91-20-25531960 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. B-19, H-Block, MIDC, Pimpri, Pne – 411018, Maharashtra, India |
|
Tel. No.: |
91-20-27473471/ 27470178 |
|
Fax No.: |
91-20-27476539 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sanjay Mohanlal Chopda |
|
Designation : |
Managing director |
|
Address : |
12, Bhosale Nagar, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1962 |
|
Date of Appointment : |
01.08.1987 |
|
PAN No.: |
ABMPC6728L |
|
DIN No.: |
00247401 |
|
|
|
|
Name : |
Mr. Sharad Mangesh Rege |
|
Designation : |
Whole-time director |
|
Address : |
Gulmohar Glory, 5 Gulmohar Park Aundh, Pune - 411007, Maharashtra,
India. |
|
Date of Birth/Age : |
22.09.1941 |
|
Date of Appointment : |
05.08.2005 |
|
DIN No.: |
00093485 |
|
|
|
|
Name : |
Mr. Sourabh Bahubali Shah |
|
Designation : |
Whole-time director |
|
Address : |
Fulu, 27A 397, Pradhikaran Nigadi, Pune - 411044, Maharashtra, India. |
|
Date of Birth/Age : |
16.05.1965 |
|
Date of Appointment : |
12.01.2010 |
|
DIN No.: |
00191200 |
KEY EXECUTIVES
|
Name : |
Ms. Manjiri Vinayak Madhavi |
|
Designation : |
Secretary |
|
Address : |
D 102, Purple Castle, Bibawewadi Chaitraban, Pune - 411037,
Maharashtra, India. |
|
Date of Birth/Age : |
27.06.1970 |
|
Date of Appointment : |
04.01.2006 |
|
PAN No.: |
AIOPM5803B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Chopda G. Hastimal |
|
690 |
|
Chopda M. Sanjay |
|
317001 |
|
Mehta V. Anantrai |
|
300 |
|
Mehta A. Indira |
|
300 |
|
Chopda M. Prema |
|
261862 |
|
Chopda S. Maya |
|
20349 |
|
Chopda M. Sanjay joint with Chopda S. Maya |
|
178421 |
|
Chopda S. Maya joint with Chopda M. Sanjay |
|
118026 |
|
Chopda M. Prema joint with Chopda S. Akshay |
|
20011 |
|
Chopda S. Akshay |
|
44800 |
|
Chopda S. Aniket |
|
38200 |
|
Bhandari P. Anita |
|
6 |
|
Gundecha S. Saroja |
|
30 |
|
Bhandari P. Vimala |
|
4 |
|
|
|
|
|
Total |
|
1000000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.87 |
|
Other
top fifty shareholders |
|
0.13 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Radiators, Filters and Exhaust Systems |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Actual
Production |
|
Auto Components |
24372200 |
18996465 |
GENERAL INFORMATION
|
Customers : |
Ø Bajaj Ø Mahindra Ø KTM Bike
Industries Ø Tata Ø Renault Ø Mercedes-Benz Ø GM Ø Piaggio Ø Premier Ø Denso Ø Lister Petter Ø Force Ø Force Ø Lombardini |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Ø State Bank of India
Industrial Finance Branch, Tara Chambers 2nd Floor, Near Mariaai Police
Chowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, India Ø State Bank of
India, Industrial Finance Branch, Pimpri, Pune - 400034, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.N. Phadke and
Company Chartered Accountants |
|
Address : |
103 Megh
Apartment, S No 39 / 33 Erandawana, Off Karve Road, Pune – 411004,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFP8476A |
|
|
|
|
Joint Venture : |
SM Eberspaecher
Exhaust Private Limited [U29120PN1997PTC105104] |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives : |
Sparco
Engineering Private Limited [U34300PN1982PTC028848] |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850,000 |
Equity Shares |
Rs. 100/- each |
Rs. 85.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825,000 |
Equity Shares |
Rs. 100/- each |
Rs. 82.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
82.500 |
82.500 |
62.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
357.925 |
276.645 |
227.957 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
440.425 |
359.145 |
290.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
302.754 |
404.177 |
278.944 |
|
|
2] Unsecured Loans |
91.265 |
77.731 |
77.094 |
|
|
TOTAL BORROWING |
394.019 |
481.908 |
356.038 |
|
|
DEFERRED TAX LIABILITIES |
32.023 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
866.467 |
841.053 |
646.495 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
491.879 |
436.462 |
362.398 |
|
|
Capital work-in-progress |
25.615 |
22.720 |
1.665 |
|
|
|
|
|
|
|
|
INVESTMENT |
224.556 |
159.814 |
128.123 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
1.354 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
165.802
|
143.314
|
86.914
|
|
|
Sundry Debtors |
305.622
|
254.744
|
234.918
|
|
|
Cash & Bank Balances |
1.559
|
112.991
|
104.169
|
|
|
Other Current Assets |
37.700
|
0.000
|
0.000
|
|
|
Loans & Advances |
162.828
|
130.077
|
132.771
|
|
Total
Current Assets |
673.511
|
641.126
|
558.772
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
337.791
|
295.279
|
244.366
|
|
|
Other Current Liabilities |
202.161
|
0.000
|
36.678
|
|
|
Provisions |
9.142
|
124.238
|
124.807
|
|
Total
Current Liabilities |
549.094
|
419.517
|
405.851
|
|
|
Net Current Assets |
124.417
|
221.609
|
152.921
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.448 |
0.034 |
|
|
|
|
|
|
|
|
TOTAL |
866.467 |
841.053 |
646.495 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3158.257 |
2330.439 |
1776.803 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3034.827 |
2259.850 |
1694.788 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
185.367 |
123.137 |
128.717 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
61.937 |
52.549 |
47.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
123.430 |
70.588 |
81.294 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
42.150 |
23.032 |
31.314 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
81.280 |
47.556 |
49.980 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
251.644 |
205.456 |
155.267 |
|
|
|
|
|
|
|
|
|
|
EXCESS
INCOME TAX PROVISION W/BACK |
0.000 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
2.500 |
2.500 |
|
|
BALANCE CARRIED
TO THE B/S |
330.424 |
251.644 |
205.455 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
77.008 |
32.403 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
NA |
155.256 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
98.52 |
57.64 |
79.97 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.57
|
2.05
|
2.96
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.59
|
6.55
|
8.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.20
|
0.28
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.89
|
1.34
|
1.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.53
|
1.38
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Deferred payment liabilities |
23.265 |
29.976 |
|
Deposits from others |
5.508 |
5.508 |
|
Loans and advances from related parties |
62.492 |
42.247 |
|
Total |
91.265 |
77.731 |
PERFORMANCE
During the year
the turnover of the Company was Rs. 3102.900 Millions against turnover of Rs.
2288.500 Millions during the previous financial year.
Further in the
Company many expansion activities, are taking place at the various plants
located at Aurangabad, Pithampur, Gat No. 299 and 310. Construction of new
factory building has been started at Gat No. 299 and Pithampur unit. Commercial
production has been started w.e.f. 30th November, 2011 from Pithmpur plant. For
precision and for maintenance of quality, it is proposed to invest in the new
technology of Robotic Cell for critical welding processes. Further for
operational control and coordination, it has been decided to implement the SAP
system in the company.
The Company had
bagged the orders/ LOI from its customers Bajaj Auto Limited, Piaggio Vehicles
Private Limited, for their various new launches. Also there was substantial
increase in the volumes of the existing products.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U34300MH1976PTC019348 |
|
Name of the
company |
S M AUTO
ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
12, Bhosale Nagar, Ganesh Khind Road, Pune - 411007, Maharashtra,
India Email: legal@smauto.co.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
90090179 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
State Bank of
India Industrial Finance Branch, Tara Chambers 2nd Floor, Near Mariaai Police
Chowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, India Email: p.praveen@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum for
recording extension of Mortgage by Deposit of Title Deeds covering enhanced
limits and /or creation of EM on additional properties for existing limits
and enhanced limits and additional facilities (SME-7) & Confirmation of
Deposits of Title Deeds by the Company through its Directors, all these
documents executed to create a single & exclusive charge against all the
immovable properties as denoted and geographicated in the Memorandum itself. |
|
Date of
instrument Creating the charge |
13.09.2012 |
|
Amount secured by
the charge |
Rs. 512.600
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest All the Terms and
conditions as per Sanction Letter of the Bank under reference
AGM/RM/JVV/2012-13/107 Dated 08.06.2012 duly acknowledged by the borrower
Company. Terms of Repayment All the Terms and
conditions as per Sanction Letter of the Bank under reference
AGM/RM/JVV/2012-13/107 Dated 08.06.2012 duly acknowledged by the borrower
Company. Margin All the Terms and
conditions as per Sanction Letter of the Bank under reference
AGM/RM/JVV/2012-13/107 Dated 08.06.2012 duly acknowledged by the borrower
Company. Extent and Operation of the charge SBI IFB Pune will
have first and exclusive charge against immovable fixed assets as denoted in the Memorandum
of Deposit of Title Deeds (SME-7) duly executed and acknowledged by the Borrower Company. Lien over FDR worth Rs.4.000 Millions
Personal Guarantee of Mr. S M Chopda, Mr. M G Chopda and Sushri Maya S.
Chopda. The Charge will be in continuous mode till the repayment of entire
loan with interest thereon. Others The Company, by
virtue of the Board Resolution passed on 09.06.2012,has given assent to all
the Terms & Conditions, Covenants, as provided in the Bank's Sanction
Letter No.AGM/RM/JVV/2012-13/107 Dt. 08/06/2012 and have executed the related
loan document(s)/ Agreement(s) through the Director(s),who have received and signed the documents in physical form
and who have been authorized to file eform-8 for the modifications in the
existing limits and in the nature and scope of the charge on agreed terms. |
|
Short particulars
of the property charged |
The Company has
extended the additional security, in addition
to existing immovable properties, as security to cover the enhanced limit as: 1) All that piece
and parcel of the Property adm. 3H,40R of Gat No.299,being and lying at
Village Nanekarwadi Tal. Khed under the jurisdiction ZP Pune. 2) All that piece
and parcel of the Property adm.0H55R of Gat No.310(Old Gat No.2165) being and
lying at Village Nanekarwadi (Chakan) Tal Khed under jurisdiction ZP Pune. 3) All that piece
and parcel of the Property admeasuring 8129 Sq. Mtrs.of Plot No.116
Industrial Area No.1 Madhya Pradesh Audyogik Kenra Nigam (Indore) Pitampur
District Dhar M.P. All the above
cited properties, has been favour in Bank's name, through Deposit of Title
Deeds. The properties as detonated and geographicated in the Schedule- B of
the Memorandum. |
|
Date of
Modification |
21.07.2012 |
|
Particulars of
the present modification |
By this modification,
the Bank has extended additional credit facilities of Rs.240.000 Millions as
New Term Loan to the Borrower Company. While New Term Loan of Rs.240.000
Millions has been extended Fund Based quantum under Term Loan I /Term Loan II
and Corporate Loan has been reduced by Rs.13.900 Millions making the total
credit facilities to the tune of Rs.512.600 Millions. The Company has
provided new set of Properties as additional security for the enhanced limit
and this will be in addition to existing one, |
FIXED ASSETS:
Ø Land
Ø Buildings
Ø Other building
Ø Plant and equipment
Ø Furniture and fixtures
Ø Vehicles
Ø Motor vehicles
Ø Office equipment
Ø Computer equipments
Ø Other equipments
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. 54.54 |
|
|
1 |
Rs. 84.19 |
|
Euro |
1 |
Rs. 71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.