|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.77,
Mistry Industrial Complex, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.01.1995 |
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|
|
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Com. Reg. No.: |
11-084554 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.30.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25110MH1995PTC084554 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19218D/
MUMM10324G |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACM7425N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of
Rubber Products. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 660000 |
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|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The
financial for the 2010-2011, 2011-2012 not available. As per previous year’s, The company is found normal for business
dealings. Trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. 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 |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
20.11.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
20.11.2012 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Rajesh |
|
Designation : |
Account Department |
|
Contact No.: |
91-250-6057500 |
|
Date : |
27.05.2013 |
LOCATIONS
|
Registered Office : |
Unit No.77,
Mistry Industrial Complex, |
|
Tel. No.: |
91-22-26870441/
26871769/ 26872696/ 26870330/ 26870331/ 26870360 |
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Fax No.: |
91-22-26877339 |
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E-Mail : |
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|
Website : |
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|
Area : |
4500 Sq. ft
(Approximately) |
|
Location : |
Owned |
|
|
|
|
Corporate
Office / Factory : |
Building No. 1,
Agarwal Udyog Nagar Waliv, |
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Tel. No.: |
91-250-2456426/
2456430/ 2454365/ 2454520 |
|
Fax No.: |
91-250-2454519 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Neel Rewachand Sujan |
|
Designation : |
Managing Director |
|
Address : |
802/902, |
|
Date of Birth/Age : |
05.08.1975 |
|
Date of Appointment : |
07.09.1996 |
|
DIN No.: |
01424276 |
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|
|
|
Name : |
Mr. Tulsi Rewachand Sujan |
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Designation : |
Director |
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Address : |
401/402,
Gulshan, Junction of Ahinsa Marg, and |
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Date of Birth/Age : |
18.03.1949 |
|
Qualification : |
B.E. (Mechanical) |
|
Date of Appointment : |
11.01.1995 |
|
DIN No.: |
01561095 |
|
|
|
|
Name : |
Mr. Jayprakash Khanchand Vasdani |
|
Designation : |
Director |
|
Address : |
703-C, Ganga
Estate, |
|
Date of Birth/Age : |
12.04.1955 |
|
Date of Appointment : |
04.07.1997 |
|
DIN No.: |
01424172 |
|
|
|
|
Name : |
Mr. Ashok Sujan Rewachand |
|
Designation : |
Director |
|
Address : |
1701, Green Acre, Flat No. 325, Lokhandwala Complex, Andheri (West),
Mumbai – 400 058, |
|
Date of Birth/Age : |
20.12.1950 |
|
Date of Appointment : |
04.07.1997 |
|
DIN No.: |
01424203 |
|
|
|
|
Name : |
Mr. Vijay Jeewan Sujan |
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Designation : |
Director |
|
Address : |
B 3 / 6, Basant Park, |
|
Date of Birth/Age : |
15.07.1974 |
|
Date of Appointment : |
15.03.1997 |
|
DIN No.: |
02420980 |
|
|
|
|
Name : |
Mr. Harish Rewachand Sujan |
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Designation : |
Director |
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Address : |
B 4/6, Basant Park, |
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Date of Birth : |
24.08.1946 |
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Date of Appointment : |
04.07.1997 |
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DIN No.: |
02420984 |
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|
|
|
Name : |
Mr. Ghanshyam Rewachand Sujan |
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Designation : |
Director |
|
Address : |
901, Buena
Vista, |
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Date of Birth/Age : |
10.07.1954 |
|
Date of Appointment : |
07.09.1996 |
|
DIN No.: |
02420985 |
|
|
|
|
Name : |
Mr. Pramod Kumr Sharma |
|
Designation : |
Director |
|
Address : |
1101, Kritika Annexie,
Plot No.11, Sion Trombay Road, Near R K Studio, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
18.11.1956 |
|
Date of Appointment : |
10.08.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Harish Rewachand Sujan Jointly with Mrs.
Padma Harish Sujan |
327800 |
|
Harish Rewachand Sujan H.U.F. |
55000 |
|
Ghanshyam Rewachand Sujan Jointly
with Mrs. Kanchan Sujan |
325600 |
|
Ghanshyam Rewachand Sujan HUF |
55000 |
|
Tulsi Rewachand Sujan Jointly with Mrs.
Kamal Tulsi Sujan |
333300 |
|
Tulsi Rewachand Sujan H.U.F. |
55000 |
|
Ashok Rewachand Sujan Jointly with Mrs.
Manisha Ashok Sujan |
325600 |
|
Ashok Rewachand Sujan H.U.F. |
55000 |
|
Neel Rewachand Sujan Jointly with Mrs.
Sheetal Neel Sujan |
325600 |
|
Neel Rewachand Sujan H.U.F. |
55000 |
|
Vijay Jeevan Sujan Jointly with Mrs.
Sarvinder Vijay Sujan |
311300 |
|
Jai Prakash Vasdani Jointly with Mrs.
Vijaylakshmi Vasdani |
380600 |
|
Pramod Kumar Sharma Jointly with Mrs. Pinky
Pramod Sharma |
381700 |
|
Usha Jeevan Sujan Jointly with Mr. V. Sujan |
4400 |
|
Padma Harish Sujan Jointly with Mr. Harish Sujan |
4400 |
|
Kamal Tulsi Sujan Jointly with Mr. Tulsi
Sujan |
4400 |
|
Manisha Ashok Sujan Jointly with Mr. Ashok
Sujan |
4400 |
|
Vijaylakshi Vasdani Jointly with Mr.
Jaiprakash Vasdani |
4400 |
|
Kanchan R. Sujan Jointly with Mr. Ghanshyam
Sujan |
4400 |
|
Sheetal N. Sujan Jointly with Mr. Neel Sujan |
4400 |
|
Pinky Pramod Sharma Jointly with Mr. Pramod
Sharma |
3300 |
|
Satvinder V. Sujan Jointly with Mr. Vijay
Sujan |
4400 |
|
Jeevan Sujan H.U.F. |
55000 |
|
|
|
|
Total |
3080000 |
(AS ON 29.09.2012)
|
Equity Shares
Break Up |
Percentage of Holding |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Rubber Products. |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
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No. of Employees : |
80
(Approximately) |
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Bankers : |
Tel. No.: 91-22-22851322
Tel. No.: 91-22-40015757
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rohira Mehta and
Associates Chartered
Accountants |
|
Address : |
B-202, 2nd
Floor, Grand Bella Vista, Near Jari Mari Temple, |
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Tel. No.: |
91-22-42084500 |
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Fax No.: |
91-22-42084501 |
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E-Mail : |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3080000 |
Equity Shares |
Rs.10/- each |
Rs.30.800
Millions |
|
|
|
|
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.800 |
30.800 |
30.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
134.328 |
115.588 |
104.698 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
165.128 |
146.388 |
135.498 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
149.145 |
103.310 |
104.792 |
|
|
2] Unsecured Loans |
25.000 |
30.000 |
10.000 |
|
|
TOTAL BORROWING |
174.145 |
133.310 |
114.792 |
|
|
DEFERRED TAX LIABILITIES |
2.046 |
4.471 |
4.868 |
|
|
|
|
|
|
|
|
TOTAL |
341.319 |
284.169 |
255.158 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
168.435 |
141.468 |
117.768 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
64.920
|
66.524 |
54.181 |
|
|
Sundry Debtors |
151.153
|
128.754 |
99.070 |
|
|
Cash & Bank Balances |
1.494
|
1.079 |
1.396 |
|
|
Other Current Assets |
4.347
|
4.667 |
3.356 |
|
|
Loans, Advances & Deposits |
49.944
|
34.893 |
28.801 |
|
Total
Current Assets |
271.858
|
235.917 |
186.804 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
70.123
|
79.458 |
39.737 |
|
|
Other Current Liabilities |
10.883
|
6.201 |
7.006 |
|
|
Provisions |
18.082
|
7.702 |
2.847 |
|
Total
Current Liabilities |
99.088
|
93.361 |
49.590 |
|
|
Net Current Assets |
172.770
|
142.556 |
137.214 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.114 |
0.145 |
0.176 |
|
|
|
|
|
|
|
|
TOTAL |
341.319 |
284.169 |
255.158 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Total Turnover |
561.746 |
480.610 |
409.459 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
83.185 |
55.413 |
38.752 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
17.502 |
13.551 |
10.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.683 |
41.862 |
28.076 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
37.941 |
26.264 |
25.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.742 |
15.598 |
2.791 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.655 |
4.672 |
0.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.087 |
10.926 |
2.683 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
107.635 |
96.745 |
94.062 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Wealth Tax Paid |
-- |
0.036 |
-- |
|
|
|
Earlier Years Tax adjustments |
(0.652) |
-- |
-- |
|
|
BALANCE CARRIED TO
THE B/S |
126.437 |
107.635 |
96.745 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
82.676 |
82.385 |
71.274 |
|
|
TOTAL EARNINGS |
82.676 |
82.385 |
71.274 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
6.08 |
3.54 |
0.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.22
|
2.27 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.30
|
4.13 |
0.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.11 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.05
|
0.91 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74
|
2.53 |
3.77 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
Sundry Creditors |
70.123
|
79.458 |
39.737 |
|
Total |
70.123
|
79.458 |
39.737 |
|
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
|
|
|
|
|
From Directors and Shareholders |
25.000 |
30.000 |
|
|
|
|
|
Total |
25.000 |
30.000 |
NOTE:
The registered office of the company has been shifted from 90, Mistry Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400093, Maharashtra to the present address w.e.f. 14.06.2007.
OPERATIONS
The Local sales
Turnover during the year are at Rs.482.587 millions as against last year’s
Rs.416.004 millions and Export Turnover achieved was Rs.79.159 millions as
against Rs.64.606 millions in the previous year. Overall, the company has achieved
a turnover of Rs.561.746 millions as against Rs.480.610 millions, reflecting a
growth of 16.9% in total turnover. During the year, the company set up its
manufacturing facility in Manesar near
FUTURE OUTLOOK
The Automobile
Sector is expected to maintain its growth rate of about 10 to 12%. However, the
margins continue to be and are expected to be under pressure in the years to
come. Under the scenario, the management proposes to continue to enhance the
capacity by adding new machines as also extend cost reduction and
rationalization measures, to boost the performance positively.
FORM 8
|
Corporate
identity number of the company |
U25110MH1995PTC084554 |
|
Name of the
company |
MEGA RUBBER
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No.77,
Mistry Industrial Complex, |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Axis Bank Limited, Ground Floor, Axis House, Bombay Dyeing Mills Compound, P B Marg, Worli, Mumbai - 400025, Maharashtra, India |
|
Nature of
instrument creating charge |
Composite
Hypothecation Agreement |
|
Date of
instrument Creating the charge |
04.03.2013 |
|
Amount secured by
the charge |
Rs.175.000
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of interest As agreed by and
with the Bank from time to time. Terms of repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and operation of the charge The Bank is having
first pari passu charge on the security given by the Company |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of first pari passu charge on a) all the stock
in trade both present and future consisting stock including raw materials,
stock in process, finished goods, cash & other current assets whatsoever
being movable properties now or at any time hereafter belonging to the
borrower or at the borrower disposal and now or at any time and from time to
time hereafter stored or to be stored or brought into or upon or in course of
transit to borrowers factory or premises or at any other place whatsoever and
wheresoever borrowers possession or occupation or at any other premises or
place. b) Book debts,
outstanding monies, receivables, claims, bills, contracts, engagements and
securities which are now due and owing or which may at any time hereafter
during the continuance of this
security become due and owing to the borrower in the course of its business
by any person, firm, company or body corporate or by the Government
Department or office or any municipal or local or public or semi Government body or authority or
any other body corporate or undertaking or project whatever in the public
sector. |
FIXED ASSETS
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 records 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.55.74 |
|
|
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.