MIRA INFORM REPORT
|
Report Date : |
22.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASPRI SPIRITS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
30.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-148284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.851
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15500MH2004PTC148284 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25153C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8483E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Exporter and Importer of Alcoholic Beverages. |
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|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
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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 is an established company having a moderate track record. The
profitability of the company appears to be low. The external borrowing seems
to be huge. However, trade relations are reported to be 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.
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. Kumar Panjwani |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-42505100 |
|
Date : |
21.05.2013 |
LOCATIONS
|
Registered Office : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/ 42505100 |
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Fax No.: |
91-22-26401997 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Head Office/ Administrative Office : |
301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/ 42505100 |
|
Fax No.: |
91-22-26401997 |
|
|
|
|
Branch Office 1 : |
T-11,
Okhla Industrial Area, Phase II, New Delhi - 110020, India |
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Tel. No.: |
91-11-41633982, |
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Fax No.: |
91-11-41631713 |
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E-mail : |
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|
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Branch Office 2 : |
25/2, 1st Floor, P Kalinga Rao Road, Mission Road, Inside Shamrao
Compound, Bangalore - 560027, Karnataka, India |
|
Tel. No.: |
91-80-41266569 |
|
E-mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Gautam Nandkishore Matai |
|
Designation : |
Director |
|
Address : |
602, Morya Co-Operative Housing Society, Varsova Link Road, Andheri
(West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Date of Appointment : |
24.03.2011 |
|
DIN No.: |
01784232 |
|
Name : |
Mrs. Vrutika Jaikishan Matai |
|
Designation : |
Director |
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Address : |
11, Smokey Hill, 44 Pali Mala Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1971 |
|
Date of Appointment : |
24.02.2003 |
|
DIN No.: |
01788325 |
KEY EXECUTIVES
|
Name : |
Mr. Kumar Panjwani |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vrutika Jaikishan Matai |
10000 |
|
Sunrise Petroleum Services, India |
25000 |
|
Jacki Matai |
62998 |
|
Jacki Matai (HUF) |
58501 |
|
Duru Matai |
8500 |
|
Jyoti Matai |
1 |
|
Gautam Nandkishore Matai |
37125 |
|
Vijay Narag |
54249 |
|
Nand Matai |
37124 |
|
Pavan Narang |
20001 |
|
Prashant Matai |
1 |
|
Arunkumar |
16500 |
|
Bhagyashri P. Tahllzani |
1 |
|
Whiteline Impex Private Limited, India |
18350 |
|
Emerald Electronics Private Limited, India |
36700 |
|
|
|
|
TOTAL
|
385051 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Alcoholic Beverages. |
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Exports : |
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Products : |
Alcoholic Beverage |
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Countries : |
·
Sri Lanka ·
UAE ·
Bangladesh |
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Imports : |
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Products : |
Alcoholic Beverage |
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Countries : |
·
Belgium ·
France ·
Italy ·
Australia |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Casa Vinicola Zonin ·
Domain De Paul Mas ·
Flemingo International
Limited ·
Shenzhen Tobacco
Import and Export Company Limited ·
Bacardi Martini India ·
Moet Hennessy India
Private Limited ·
Bacardi Martini India ·
Sai Priyaa Enterprises ·
Khukhrain Cold Storage
and Ice Factory ·
Inbev India
International Private Limited ·
Skol Breweries Limited ·
Tulsi Impex Forwarders
Private Limited |
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|
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Customers : |
End Users ·
Andhra Social and
Cultural Association ·
APBCL ·
De Bortoli Wines
Private Limited ·
Karnataka State
Beverages Corporation Limited ·
KDC Bonded Warehouse
Private Limited ·
Milestones India
Private Limited ·
Vinspri Distributors
Private Limited ·
VVT Hotels Private
Limited, Chennai ·
Veekay and Company ·
West World Trading ·
Aman Hotel ·
Balla Kasa Hotel –
Jaipur ·
Barista Coffee
Restaurant -Khan Market ·
Delhi Golf Club
Limited ·
GRT Temple Bay Resorts
and Hotels, Chennai |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
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Facilities : |
Cash Credit Rs.30.000 Millions (From Union Bank of India)
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
3I Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station
Complex, Vashi, Navi Mumbai-400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kalian Jain and Company Chartered Accountants |
|
Address : |
108, AS Dias Buil, 268/272, Dr. CH. Street, Marine Lines,
Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22061232 / 22001972 |
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Fax No.: |
91-22-22092614 |
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E-Mail : |
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PAN No.: |
AABPJ3941N |
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Group Company: |
Name: Vinspri
Distributors Private Limited Address: 601, Lavlesh
Court, Pandit Varde Road, Bandra (West), Mumbai - 400050, Maharashtra, India Line of
Business: Trader, Exporter and Importer of Alcoholic Beverage. |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Millions |
|
50000 |
Preference Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 9.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
385051 |
Equity Shares |
Rs.10/- each |
Rs. 3.851
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 |
3.851 |
3.667 |
3.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
39.121 |
29.253 |
11.874 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
42.972 |
32.920 |
15.174 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
36.719 |
36.110 |
31.796 |
|
|
2] Unsecured Loans |
76.696 |
65.711 |
18.977 |
|
|
TOTAL BORROWING |
113.415 |
101.821 |
50.773 |
|
|
DEFERRED TAX LIABILITIES |
0.024 |
0.000 |
0.038 |
|
|
|
|
|
|
|
|
TOTAL |
156.411 |
134.741 |
65.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.428 |
6.362 |
5.078 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.023 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
71.871
|
53.690
|
36.068
|
|
|
Sundry Debtors |
70.491
|
61.643
|
24.364
|
|
|
Cash & Bank Balances |
1.811
|
1.941
|
3.000
|
|
|
Other Current Assets |
0.024
|
0.116
|
0.000
|
|
|
Loans & Advances |
50.989
|
41.788
|
4.484
|
|
Total
Current Assets |
195.186
|
159.178 |
67.916 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.127
|
21.130
|
1.625
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
7.076
|
9.692
|
6.000
|
|
Total
Current Liabilities |
44.203
|
30.822 |
7.625 |
|
|
Net Current Assets |
150.983
|
128.356
|
60.291
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.616 |
|
|
|
|
|
|
|
|
TOTAL |
156.411 |
134.741 |
65.985 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
305.016 |
241.695 |
245.075 |
|
|
|
Other Income |
6.736 |
2.364 |
0.086 |
|
|
|
TOTAL |
311.752 |
244.059 |
245.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
308.188 |
240.292 |
240.522 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
308.188 |
240.292 |
240.522 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.564 |
3.767 |
4.639 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.128 |
1.251 |
1.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.436 |
2.516 |
3.135 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.33 |
6.86 |
9.50 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.600.000 Millions
The above information has been parted by Mr. Kumar Panjwani
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.78
|
1.03 |
1.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.17
|
1.56 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
2.28 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.11 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.64
|
3.09 |
3.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.42
|
5.16 |
8.91 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
37.127
|
21.130
|
1.625
|
|
|
|
|
|
|
Total |
37.127
|
21.130
|
1.625
|
PARTIAL DETAILS
(Rs.
In Millions)
|
Particular
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Domain De Paul Mas |
0.233 |
|
|
|
Flemingo International Limited |
4.069 |
|
|
|
Shenzhen Tobacco Import and Export Company
Limited |
0.044 |
|
|
|
Sai Priyaa Enterprises |
0.030 |
NA |
NA |
|
Khukhrain Cold Storage and Ice Factory |
0.263 |
|
|
|
Inbev India International Private Limited |
(1.990) |
|
|
|
Skol Breweries Limited |
(0.537) |
|
|
|
Tulsi Impex Forwarders Private Limited |
0.034 |
|
|
|
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM BORROWINGS |
|
|
|
BANDRA |
|
|
|
Bhagyashree Tahillani |
1.400 |
|
|
Gautam Matai |
0.724 |
|
|
Emerald Electronic Private Limited |
24.000 |
|
|
Express Polyplast Private Limited |
0.280 |
|
|
Nand Matai (HUF) |
0.362 |
|
|
Pavan Narang |
2.462 |
|
|
Payal Narang |
2.124 |
|
|
Prashant Matai |
0.155 |
65.711 |
|
Whiteline Impex Private Limited |
19.000 |
|
|
Duru Matai |
1.964 |
|
|
Jackie Matai Huf |
0.088 |
|
|
Jackie Sham Matai |
5.000 |
|
|
Vijay Narang |
2.363 |
|
|
Vrutika Matai |
6.254 |
|
|
Jyoti Matai |
0.362 |
|
|
DELHI |
|
|
|
Arun Kumar |
0.008 |
|
|
Advance from Debtors |
10.150 |
|
|
|
|
|
|
TOTAL |
76.696 |
65.711 |
NOTE
The registered office of the company has been shifted from 301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050, Maharashtra, India to the present address w.e.f. 15.06.2012.
OPERATION
The turnover of
the company increased by 21% during the year in comparison of previous year.
Directors expect further improvement in the turnover during the current year.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10195748 |
|
Corporate
identity number of the company |
U15500MH2004PTC148284 |
|
Name of the
company |
ASPRI SPIRITS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050,
Maharashtra, India E-mail: kcjain_co@yahoo.co.in
|
|
Type of charge |
|
|
Particular of
charge holder |
Union Bank of India, Andheri (East) Branch, Mayani Manor, Sir, M V
Road, Mumbai – 400069, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Agreement to Hypothecation Agreement of Goods and Debts |
|
Date of
instrument Creating the charge |
02.01.2012 |
|
Amount secured by
the charge |
Rs.40.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate+ 6% per
annum with monthly rests or such other rate as may be revised by the Bank
from time to time Terms of
Repayment On Demand Margin As per sanction
terms Extent and
Operation of the charge To secure various facilities aggregating to
Rs.40.000 Millions granted by the bank to the Company as under :- 1. Cash Credit (Hypothecation)
Rs.30.000 Millions 2. Letter of
Guarantee Rs.10.000 Millions Total Rs.40.000
Millions |
|
Short particulars
of the property charged |
That the
Hypothecated Goods, Book-Debts and Movable Property covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the
enhanced Credit Facilities aggregating to Rs.40.000 Millions granted by the
Bank to the Company |
|
Particulars of
the present modification |
The Original
Charge Dated: 19.12.2009 for Rs.30.000 Millions is hereby modified and
enhanced to Rs.40.000 Millions and That the
Hypothecated Goods, Book-Debts and Movable Property covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the enhanced
credit facilities of Rs.40.000 Millions granted by the Bank to the Company |
FIXED ASSETS
·
Air conditioner
·
Aqua Guard Machine
·
Coffee / Tea Maker
·
Computer
·
EPABX Systems
·
Eclectic Kettle
·
Furniture and Fixture
·
Inverter
·
Laptop A/c
·
Motor Bike
·
Mobile Phone
·
Motor Car
·
Office equipment
·
Printers
·
Fire Extinguisher
·
Refrigerator
·
UPS Stabilizer
·
Water Cooler
·
Vacuum Cleaner
·
Cycle
·
Voltage Stabilizer
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.55.04 |
|
|
1 |
Rs.83.95 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
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 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.