MIRA INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
YOGINDERA WORSTED LIMITED |
|
|
|
|
Registered
Office : |
8-L, Model Town, Ludhiana-141002, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.09.1997 |
|
|
|
|
Com. Reg. No.: |
16-020489 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 153.862 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111PB1997PLC020489 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Yarn |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 610000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in the profitability. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can be considered for normal business dealings at usual
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
-- |
|
Rating Explanation |
Care has suspended its rating due to lack of information |
|
Date |
April 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.
LOCATIONS
|
Registered Office / Corporate Office : |
8-L, Model Town, Ludhiana-141002, Punjab, India |
|
Tel. No.: |
91-161-4684000 |
|
Fax No.: |
91-161-4684010 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Work : |
P O Katani Kalan, Near Neelon Bridge, Chandigarh Road, District Ludhiana,
Punjab, India |
|
Tel. No.: |
91-161-2834325 |
|
Fax No.: |
91-161-2834000 |
DIRECTORS
AS ON 27.09.2012
|
Name : |
Mr. Akhil Malhotra |
|
Designation : |
Director |
|
Address : |
5-D, Club Enclave, Awana, Near Magnet Resort, Barewal, Ludhiana-141014,
Punjab, India |
|
Date of Appointment : |
13.03.2007 |
|
DIN No.: |
00126240 |
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 |
U18101PB1993PLC013745 |
SHIVA
TEXFABS LIMITED |
Managing
director |
23-09-93 |
23-09-93 |
Active |
NO |
|||||||||
|
2 |
U17110PB2004PTC027724 |
SHIVA
SPINFAB PRIVATE LIMITED |
Director |
13-12-04 |
13-12-04 |
Active |
NO |
|||||||||
|
3 |
U18101PB1997PLC020053 |
SHIVA
SPIN-N-KNIT LIMITED |
Director |
26-08-10 |
19-08-05 |
Active |
NO |
|||||||||
|
4 |
U17121PB2007PTC030913 |
SHIVA
COTTEX PRIVATE LIMITED |
Director |
21-02-07 |
21-02-07 |
Active |
NO |
|||||||||
|
5 |
U17111PB1997PLC020489 |
YOGINDERA
WORSTED LIMITED |
Director |
29-09-07 |
13-03-07 |
Active |
NO |
|||||||||
|
6 |
U17111PB2005PTC036390 |
BRIJESHWARI
TEXTILES PRIVATE LIMITED |
Director |
28-09-07 |
22-05-07 |
Active |
NO |
|||||||||
|
7 |
U17111PB1997PTC020661 |
HITECH
DYEING AND FINISHING MILLS PRIVATE LIMITED |
Director |
06-06-07 |
06-06-07 |
Active |
NO |
|||||||||
|
8 |
U17111PB2005PTC036389 |
BALMUKHI
TEXTILES PRIVATE LIMITED |
Director |
08-06-07 |
08-06-07 |
Active |
NO |
|||||||||
|
9 |
U00233PB2005PLC029372 |
SHIVA
SPECIALITY YARNS LIMITED |
Director |
30-09-08 |
26-09-07 |
Active |
NO |
|||||||||
|
10 |
U17231PB2005PLC036830 |
K K
FIBERS LIMITED |
Director |
30-09-10 |
22-12-09 |
Active |
NO |
|||||||||
|
11 |
L17119HP1980PLC031020 |
HIMACHAL
FIBRES LIMITED |
Managing
director |
13-08-11 |
28-05-10 |
Active |
NO |
|||||||||
|
12 |
U24303PB2008PTC032194 |
SHIVA
TEXCHEM (GUJARAT) PRIVATE LIMITED |
Additional
director |
10-08-12 |
10-08-12 |
Active |
NO |
|||||||||
|
Name : |
Mr. Mayank Malhotra |
|
Designation : |
Director |
|
Address : |
5-D, Club Enclave, Awana, Near Magnet Resort, Barewal,
Ludhiana-141014, Punjab, India |
|
Date of Appointment : |
03.09.2007 |
|
DIN No.: |
01395444 |
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 |
U18101PB1997PLC020053 |
SHIVA
SPIN-N-KNIT LIMITED |
Director |
01-12-12 |
26-03-07 |
Active |
NO |
|
2 |
U18101PB1993PLC013745 |
SHIVA
TEXFABS LIMITED |
Managing
director |
01-12-12 |
26-03-07 |
Active |
NO |
|
3 |
U17111PB2005PTC036390 |
BRIJESHWARI
TEXTILES PRIVATE LIMITED |
Director |
28-09-07 |
22-05-07 |
Active |
NO |
|
4 |
U17111PB1997PTC020661 |
HITECH
DYEING AND FINISHING MILLS PRIVATE LIMITED |
Director |
06-06-07 |
06-06-07 |
Active |
NO |
|
5 |
U17111PB2005PTC036389 |
BALMUKHI
TEXTILES PRIVATE LIMITED |
Director |
08-06-07 |
08-06-07 |
Active |
NO |
|
6 |
U17111PB1997PLC020489 |
YOGINDERA
WORSTED LIMITED |
Managing
director |
01-12-12 |
03-09-07 |
Active |
NO |
|
7 |
U00233PB2005PLC029372 |
SHIVA
SPECIALITY YARNS LIMITED |
Director |
30-09-08 |
27-11-07 |
Active |
NO |
|
8 |
U24303PB2008PTC032194 |
SHIVA
TEXCHEM (GUJARAT) PRIVATE LIMITED |
Director |
14-08-08 |
14-08-08 |
Active |
NO |
|
9 |
U17110PB2004PTC027724 |
SHIVA
SPINFAB PRIVATE LIMITED |
Additional
director |
16-11-09 |
16-11-09 |
Active |
NO |
|
10 |
U17231PB2005PLC036830 |
K K
FIBERS LIMITED |
Director |
30-09-10 |
22-12-09 |
Active |
NO |
|
11 |
L17119HP1980PLC031020 |
HIMACHAL
FIBRES LIMITED |
Additional
director |
12-04-13 |
12-04-13 |
Active |
NO |
|
Name : |
Mr. Sushil Kumar Singla |
|
Designation : |
Director |
|
Address : |
2055, Phase-1, Urban Estate, Dugri Road, Ludhiana-141002, Punjab,
India |
|
Date of Appointment : |
13.03.2007 |
|
DIN No.: |
00126157 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U18101PB1993PLC013745 |
SHIVA
TEXFABS LIMITED |
Director |
25-08-05 |
25-08-05 |
- |
Active |
NO |
|
2 |
U00000PB1999PLC022272 |
BHAWANI
INDUSTRIES LIMITED |
Director |
20-05-06 |
20-05-06 |
31-03-13 |
Active |
NO |
|
3 |
U17111PB1997PLC020489 |
YOGINDERA
WORSTED LIMITED |
Director |
29-09-07 |
13-03-07 |
- |
Active |
NO |
|
4 |
U00233PB2005PLC029372 |
SHIVA
SPECIALITY YARNS LIMITED |
Director |
30-09-08 |
27-11-07 |
- |
Active |
NO |
|
5 |
L17119HP1980PLC031020 |
HIMACHAL
FIBRES LIMITED |
Director |
30-09-10 |
04-06-10 |
- |
Active |
NO |
|
6 |
L99999PB1973PLC003385 |
GARG
FURNACE LIMITED |
Director |
30-09-11 |
11-05-11 |
- |
Active |
NO |
|
Name : |
Mr. Pawan Nagpal |
|
Designation : |
Whole Time Director |
|
Address : |
House No.67, Kendriya Vihar, Sector-25, Panchkula-134116, Haryana,
India |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02911054 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anil Kumar Gupta Hoshiarpur Roller Mills (Private) Limited, India |
900 |
|
Ajay Kumar Gupta Himachal Flour Mills (Private) Limited, India |
243350 |
|
Kusum Lata Hoshiarpur Roller Mills (Private) Limited, India |
317715 |
|
Rishi Aggarwal Hoshiarpur Roller Mills (Private) Limited, India |
129100 |
|
Yogesh Gupta Himachal Flour Mills (Private) Limited, India |
4300 |
|
Ajay Kumar Gupta HUF Himachal Flour Mills (Private) Limited, India |
90000 |
|
Arjun Gupta Himachal Flour Mills (Private) Limited, India |
125000 |
|
Jagmohan Lal Gupta-HUF Himachal Flour Mills (Private) Limited, India |
50000 |
|
Raghav Aggarwal Hoshiarpur Roller Mills (Private) Limited, India |
100000 |
|
Ritika Jain Hoshiarpur Roller Mills (Private) Limited, India |
34753 |
|
Samtex Fasions, India |
600000 |
|
Vinay Aggarwal |
150000 |
|
Punjab State
Industrial Development Corporation Limited (PSIDC), India |
900000 |
|
Rajni Gupta Himachal Flour Mills (Private) Limited, India |
15000 |
|
Yoginder Pal HUF |
200000 |
|
Brijeshwari Textiles (Private) Limited, India |
2549000 |
|
Balmukhi Textiles (Private) Limited, India |
3287803 |
|
Shiva Spinfab (Private) Limited, India |
6139542 |
|
Shiva Texfabs Limited, India |
299750 |
|
Shiva Speciality Yarns Limited, India |
150000 |
|
TOTAL
|
15386213 |
AS ON 27.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Public financial companies |
5.85 |
|
Bodies corporate |
80.76 |
|
Other top fifty shareholders |
13.39 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Yarn |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
31.03.2011 |
|
|
|
|
Installed
Capacity |
11464.000 |
|
|
|
|
Actual Production |
|
|
Yarn (Unit-I) |
3034.865 |
|
Top (Unit-I) |
3133.374 |
|
Yarn (Unit-II) |
1462.787 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jatinder Singh
And Associates Chartered Accountant |
|
Address : |
8a,Model Town,
Ludhiana-141002, Punjab, India |
|
PAN No.: |
ADLPS0752K |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs. 160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15386213 |
Equity Shares |
Rs.10/- each |
Rs. 153.862
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 |
153.862 |
152.642 |
150.442 |
|
|
2] Share Application Money |
0.000 |
5.000 |
0.000 |
|
|
3] Reserves & Surplus |
303.993 |
293.098 |
237.524 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
457.855 |
450.740 |
387.966 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
853.280 |
774.062 |
604.505 |
|
|
2] Unsecured Loans |
275.676 |
217.676 |
111.865 |
|
|
TOTAL BORROWING |
1128.956 |
991.738 |
716.370 |
|
|
DEFERRED TAX LIABILITIES |
72.019 |
92.874 |
88.092 |
|
|
|
|
|
|
|
|
TOTAL |
1658.830 |
1535.352 |
1192.428 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
800.158 |
765.515 |
655.017 |
|
|
Capital work-in-progress |
0.000 |
8.241 |
12.636 |
|
|
|
|
|
|
|
|
INVESTMENT |
48.602 |
48.602 |
32.698 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
517.604
|
336.927 |
300.243 |
|
|
Sundry Debtors |
354.028
|
553.936 |
166.766 |
|
|
Cash & Bank Balances |
14.973
|
16.190 |
28.780 |
|
|
Other Current Assets |
17.207
|
21.234 |
0.000 |
|
|
Loans & Advances |
73.050
|
70.216 |
143.563 |
|
Total
Current Assets |
976.862
|
998.503 |
639.352 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
149.390
|
251.038 |
105.694 |
|
|
Other Current Liabilities |
12.599
|
21.413 |
43.285 |
|
|
Provisions |
4.803
|
13.058 |
10.121 |
|
Total
Current Liabilities |
166.792
|
285.509 |
159.100 |
|
|
Net Current Assets |
810.070
|
712.994 |
480.252 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
11.825 |
|
|
|
|
|
|
|
|
TOTAL |
1658.830 |
1535.352 |
1192.428 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2377.525 |
2161.289 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
1871.508 |
|
|
|
TOTAL |
2377.525 |
2161.289 |
1871.508 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1755.493 |
1464.822 |
|
|
|
|
Purchases of stock-in-trade |
439.786 |
408.878 |
|
|
|
|
Employee benefit expense |
66.226 |
53.438 |
|
|
|
|
Other expenses |
132.767 |
102.853 |
|
|
|
|
Exceptional items |
0.429 |
1.471 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(240.280) |
(74.095) |
|
|
|
|
TOTAL |
2154.421 |
1957.367 |
1727.511 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
223.104 |
203.922 |
143.997 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
114.953 |
93.994 |
55.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
108.151 |
109.928 |
88.169 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
84.147 |
44.408 |
35.229 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
24.004 |
65.520 |
52.940 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(16.051) |
17.840 |
20.308 |
|
|
|
|
|
|
|
|
|
|
TAX EXPENSES OF
DISCOUNTING |
(2.838) |
(0.907) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
37.217 |
46.773 |
32.632 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
111.896 |
108.975 |
122.453 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
51.430 |
65.321 |
63.745 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.44 |
3.06 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.57
|
2.16 |
1.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.01
|
3.03 |
2.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.35
|
3.71 |
4.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.47
|
2.20 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.86
|
3.50 |
4.02 |
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 |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Loans and Advances from Related Parties |
275.676 |
217.676 |
|
|
|
|
|
TOTAL |
275.676 |
217.676 |
PERFORMANCE
During the period
the Company achieved turnover of Rs. 2370.009 Millions and Profit after Tax of
the Company was Rs. 37.218 Millions during F Y 11-12.
FORM 8
|
Corporate
identity number of the company |
U17111PB1997PLC020489 |
|
Name of the
company |
YOGINDERA WORSTED
LIMITED |
|
Address of the
registered office or of the principal place of business in |
8-L, Model Town, Ludhiana-141002, Punjab |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, S.C.B. Miller Ganj, Pahwa Hospital Complex, Ludhiana-141003, Punjab, India |
|
Nature of instrument
creating charge |
Nature- Creation of
Charge on Additional immovable properties deposited by the Company for
securing Working Capital and Term Loan/ All indebtedness and liabilities of
the Borrower to the Bank. Instrument- Form C-10,Memorandum
of Deposit for creation of further charge for Term Loan Overall Limit where
the initial charge created by way of Mortgage by Deposit of Title Deeds dated
27.02.2012. |
|
Date of
instrument Creating the charge |
27.02.2012 |
|
Amount secured by
the charge |
Rs. 1036.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 5% above base
rate present/ MTL-As per the existing terms and conditions Terms of repayment On Demand/ MTL-As
per the existing terms and conditions Margin Raw Material-25% SIP-25% Stores/spares-25% Finished
Goods-25% Receivables(Cover
period 90 days)-35% Letter of
Credit-10% EPC-10% (MTL-As per the
existing terms and conditions) Extent and operation of the charge State Bank of
India- 49.65% (WC-315.000 Millions + MTL-199.800 Millions) State Bank of
Patiala-42.17% (WC-232.500 Millions + MTL-204.700 Millions) Allahabad
Bank-8.18% (WC-20.000 Millions + MTL-64.800 Millions) Total- 00.00% (1036.800
Millions) Other The Charge of
Rs.1036.800 Millions includes Working Capital of Rs.567.500 Millions and Term
Loans of Rs. 469.300 Millions. All the existing Terms and conditions for
Working Capital and Term Loan shall apply to the Additional Property Charged
herewith by Form C-10. |
|
Short particulars
of the property charged (Including location of the property) |
Particulars of
Additional Property Charged is as follows Property msg 64Kanal
16 Marla or 39204 sq yards comprised in khasra no.2//18/2, 19/1, 22/2, 23/1,
10//8/2, 9/1, 2/2, 3/1, 12/2, 13/1, 18/02, 19/1, 2//12/2, 13/1, 10//26,
2//22/1, 10//2/1, 10//1/2, 10//10/1, khata
no.108/137,114/143,102/130-131,103/132,114/143 as per jamabandi for the year
1995-96 situated at village Lall Kalan locality known as chandigarh Road,
opposite Mangla Cottex and Saluja Plastic Near neelon Bridge, The samrala
District vide wasika no.2242,2156 and 2155. |
FIXED ASSETS
- Land and
Property
- Building
- Machinery
- Electrical
Installation
- Office
Equipments
- Vehicles
- Computers
- Furniture and
Fixtures
- Generator Set
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. 55.99 |
|
|
1 |
Rs. 84.18 |
|
Euro |
1 |
Rs. 71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.