MIRA INFORM REPORT
|
Report Date : |
25.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
AUTOCOP (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/44-45, Ground Floor, Road No.2, Near Corporation Bank, MIDC,
Andheri (East), Mumbai – 400 093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.09.1991 |
|
|
|
|
Com. Reg. No.: |
11-063312 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.60.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1991PTC063312 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKA01005E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5282A |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject
is engaged in the manufacturing and selling of Car and Home Security Systems
and Car Accessories. |
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|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1374000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US initial
public offering. Alibaba, which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
September 13, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management non-cooperative
(Tel. No.: 91-22-40783333)
LOCATIONS
|
Registered/ Corporate Office : |
A/44-45, Ground Floor, Road No.2, Near Corporation Bank,
MIDC, Andheri (East), Mumbai – 400 093, Maharashtra, India |
|
Tel. No.: |
91-22-40783333 |
|
Fax No.: |
91-22-40783347 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
82, Mohammed House, Aiesufal Compound, Old Agra Road, Opposite Hotel
Wasan Inn, Nashik – 422 001, Maharashtra, India |
|
Tel. No.: |
91-253-2590486/ 2590740 |
|
|
|
|
Factory 1 : |
F-14, MIDC, Ambad, Industrial Area, Nashik – 422 010, Maharashtra,
India |
|
|
|
|
Factory 2 : |
Also located at: ·
Baddi |
|
|
|
|
Regional Office 1 : |
A 78, Naraina Industrial Area, Phase 1, Naraina, New Delhi – 110 028,
India |
|
Tel. No.: |
91-11-25895872/ 74/ 75/ 78 |
|
Fax No.: |
91-11-25895878/ 79 |
|
|
|
|
Regional Office 2 : |
No.19/3, Jayanagar, Ground and 1st Floor, Railway Parallel Z Road,
Kumara Park (W), Nehru Nagar, Bangalore – 560 020, Karnataka, India |
|
|
|
|
Regional Office 3 : |
Sagar Estate 2, N.C. Dutta, Sarani, Room No.21, Ground Floor, Kolkata
– 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22108576 |
|
|
|
|
Branch Office : |
Located at ·
Chandigarh ·
Gurgaon ·
Jaipur ·
Lucknow ·
Ahmedabad ·
Indore ·
Kolkata ·
Mumbai ·
Pune ·
Hyderabad ·
Vishakhapatnam ·
Bangalore ·
Chennai ·
Cochin (They have 25 Branch Offices
all over India.) |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Umesh Pralhad Deshpande |
|
Designation : |
Director |
|
Address : |
45/46, Row House, D’ Souza Colony, Nashik – 422 005, Maharashtra,
India |
|
Date of Birth/Age : |
27.09.1964 |
|
Qualification : |
B. Tech (Elec.) |
|
Date of Appointment : |
15.02.1994 |
|
DIN No.: |
00185465 |
|
PAN No.: |
ADTPD3842P |
|
|
|
|
Name : |
Mrs. Rashmi Umesh Deshpande |
|
Designation : |
Director |
|
Address : |
45/46, Row House, D’ Souza Colony, Nashik – 422 005, Maharashtra,
India |
|
Date of Birth/Age : |
10.05.1970 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
01.08.2001 |
|
DIN No.: |
00185429 |
|
PAN No.: |
ADWPD4452A |
|
|
|
|
Name : |
Mr.
Suhas Chimanlal Doshi |
|
Designation : |
Additional
Director |
|
Address : |
Plot
61 Shriphal, Shankar Nagar, Anandwalli, Nashik – 422 013, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1962 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
00185390 |
|
PAN No.: |
AAOPD2404K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Umesh Prahlad Deshpande |
2785347 |
46.42 |
|
Rashmi Umesh Deshpande |
274653 |
4.58 |
|
Uday Prahlad Deshpande |
1740000 |
29.00 |
|
Suhas Chimanal Doshi |
937577 |
15.63 |
|
Madhavi Suhas Doshi |
134498 |
2.24 |
|
Chimanlal Shankarlal Doshi |
69560 |
1.16 |
|
Sushila Chimanlal Doshi |
58365 |
0.97 |
|
Total |
6000000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20264662_MIRA%2025-Apr-2014_files/image014.gif)
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
51.00 |
|
Other
top fifty shareholders |
|
49.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the manufacturing and selling of Car and Home Security Systems
and Car Accessories. |
||||
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||||
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
2010-11 |
|
Licensed Capacity |
No Licence is
Required |
|
Installed Capacity |
Installed
Capacity not ascertained |
|
Actual Production |
Actual
Production is 715214 numbers of Company’s Products |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Jain Vijay and
Company Chartered Accountants |
|
Address : |
305, Sona
Chambers, 507/509, Chira Bazar, JSS Road, 3rd Floor, Mumbai – 400
002, Maharashtra, India |
|
Tel. No.: |
91-22-22088939 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPJ0536E |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8210000 |
Equity Shares |
Rs.10/- each |
Rs.82.100 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
60.000 |
59.988 |
47.898 |
|
(b) Reserves & Surplus |
283.599 |
235.513 |
114.964 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.012 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
343.599 |
295.513 |
162.862 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
96.957 |
93.544 |
54.706 |
|
(b) Deferred tax liabilities (Net) |
7.488 |
5.577 |
3.863 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
104.445 |
99.121 |
58.569 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
443.496 |
378.211 |
266.665 |
|
(b) Trade payables |
605.279 |
416.751 |
413.493 |
|
(c) Other current liabilities |
178.077 |
193.033 |
101.158 |
|
(d) Short-term provisions |
5.082 |
4.438 |
0.000 |
|
Total Current
Liabilities (4) |
1231.934 |
992.433 |
781.316 |
|
|
|
|
|
|
TOTAL |
1679.978 |
1387.067 |
1002.747 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
125.680 |
113.649 |
80.209 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.048 |
0.048 |
0.058 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
52.632 |
41.627 |
26.532 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
178.360 |
155.324 |
106.799 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1021.800 |
734.612 |
479.294 |
|
(c) Trade receivables |
390.259 |
405.159 |
358.107 |
|
(d) Cash and cash equivalents |
50.778 |
51.463 |
20.506 |
|
(e) Short-term loans and advances |
37.476 |
39.687 |
37.660 |
|
(f) Other current assets |
1.305 |
0.822 |
0.381 |
|
Total
Current Assets |
1501.618 |
1231.743 |
895.948 |
|
|
|
|
|
|
TOTAL |
1679.978 |
1387.067 |
1002.747 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
3870.556 |
3625.723 |
2891.905 |
|
|
|
Other Income |
6.938 |
6.717 |
0.655 |
|
|
|
TOTAL |
3877.494 |
3632.440 |
2892.560 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
3565.690 |
2834.090 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3816.477 |
3565.690 |
2834.090 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
61.017 |
66.750 |
58.470 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.973 |
10.868 |
7.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
50.044 |
55.882 |
50.966 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.958 |
(0.912) |
2.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
48.086 |
56.794 |
48.674 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.01 |
9.47 |
41.96 |
|
%20PRIVATE%20LIMITED%20-%20264662_MIRA%2025-Apr-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.24 |
1.56
|
1.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.29 |
1.54
|
1.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.98 |
4.03
|
5.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.19
|
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.57 |
1.60
|
1.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.24
|
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
47.898 |
59.988 |
60.000 |
|
Reserves & Surplus |
114.964 |
235.513 |
283.599 |
|
Share
Application money pending allotment |
0.000 |
0.012 |
0.000 |
|
Net worth |
162.862 |
295.513 |
343.599 |
|
|
|
|
|
|
Long-term borrowings |
54.706 |
93.544 |
96.957 |
|
Short term borrowings |
266.665 |
378.211 |
443.496 |
|
Total borrowings |
321.371 |
471.755 |
540.453 |
|
Debt/Equity ratio |
1.973 |
1.596 |
1.573 |
%20PRIVATE%20LIMITED%20-%20264662_MIRA%2025-Apr-2014_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operation |
2891.905 |
3625.723 |
3870.556 |
|
|
|
25.375 |
6.753 |
%20PRIVATE%20LIMITED%20-%20264662_MIRA%2025-Apr-2014_files/image018.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operation |
2891.905 |
3625.723 |
3870.556 |
|
Profit |
48.674 |
56.794 |
48.086 |
|
|
1.68% |
1.57% |
1.24% |
%20PRIVATE%20LIMITED%20-%20264662_MIRA%2025-Apr-2014_files/image020.gif)
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long term debt:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current maturities of
long term debt |
26.745 |
16.765 |
5.576 |
|
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 |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
Yes |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
LITIGATION
DETAILS:
|
Case Details |
|
Bench:-Bombay |
|
Presentation
Date:- |
17/04/2014 |
||||||||
|
Lodging No.:- |
CPL/255/2014 |
Filing Date:- |
17/04/2014 |
||||||
|
Petitioner:- |
Harnam International (India) Private
Limited |
||
|
|
Respondent:- |
Autocop (India) Private Limited (CIN No.: U74999MH1991PTC063312) |
|
|
|
Petn. Adv.:- |
Amarchand and Mangaldas anc S.A. Shroff and
Co. (262) |
|
|
|
District:- |
Outside Maharashtra |
|
|
Bench:- |
Single |
||||
|
Status:- |
Pre-Admission |
Category:- |
Company
Petition U/SEC 433, 434, 439 Companies Act |
|
Next Date:- |
25/04/2014 |
Stage:- |
|
Coram:- |
Registrar(OS)/Prothonotary and Sr. Master |
|
Act :- |
Companies Act & Rules 1956 |
Under Section:- |
433, 434 & 439 |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Inter-corporate borrowings |
1.566 |
7.437 |
|
Loans and advances from directors |
6.439 |
6.439 |
|
Total
|
8.005 |
13.876 |
Note:
The registered office of the company has been shifted from ATV House, 2nd
Floor, D-8, MIDC, Street No.16, Andheri (East), Mumbai – 400 093, Maharashtra
to the present address w.e.f. 01.12.2012.
CORPORATE INFORMATION:
Subject is a private
limited company domiciled in India and incorporated under the provisions of the
Companies Act, 1956. It is a closely held Company. The company is engaged in
the manufacturing and selling of Car and Home Security Systems and Car
Accessories. The Company has two manufacturing units situated at Baddi (HP) and
Nashik (MS).
PERFORMANCE:
The revenue from operation
and other income of the Company has increased to Rs.3870.600 millions as
compared to last year Rs.3625.700 millions and Profit after tax has decreased
to Rs.48.100 millions as compare to previous year Rs.56.800 millions.
Bankers Charges Report
as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U74999MH1991PTC063312 |
|
Name of the
company |
AUTOCOP (INDIA) PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
A/44-45, Ground Floor, Road No.2, Near Corporation Bank,
MIDC, Andheri (East), Mumbai – 400 093, Maharashtra, India E-Mail: suranaaj@yahoo.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai – 400
051, Maharashtra, India E-Mail: avijit.s@icicibank.com |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
31.08.2013 |
|
Amount secured by
the charge |
Rs.105.000
millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest: Cash Credit:-As
on date i-base rate is 10.0% and spread IS 4.00% Working Capital Demand
Loan:- As on date i-base rate is 10.0 % and spread is 3.50% Terms of
Repayment: Cash Credit,
Working Capital Demand Loan payable on demand Margin: Cash Credit:-
Uniform margin of inventory 25% against all components of inventory, book
debts-25% and cover period 90 days Working Capital
Demand Loan:- Uniform margin of inventory 25% against all components of
inventory, book debts-25% and cover period 90 days Extent and
Operation of the charge: Pari passu charge
in favour of ICICI Bank Limited and Axis Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of hypothecation of company's entire stocks of raw materials,
semi-finished and finished goods,
consumable stores and spares and such other movables including book debts,
bills whether documentary or clean, outstanding monies, receivables and
entire movable fixed assets of the company located at F-14, Additional
Industrial Area, MIDC, Ambad, Nashik or wherever else the same may be or to
be held by any party to the order or disposition of the company both present
and future in a form and manner satisfactory to bank on a pari passu basis
with Axis Bank. |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer 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.61.07 |
|
UK Pound |
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
45 |
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.