|
Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARCOY INDUSTRIES ( |
|
|
|
|
Registered
Office : |
606, Abhijit Buildings, Mithakhali |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.07.1968 |
|
|
|
|
Com. Reg. No.: |
04-001520 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26941GJ1968PTC001520 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Chemical, Copper Plants, Dyes and
Intermediates, Pulp and Paper etc. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1190000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company appears to be low. However, trade relations are fair. Business is active. Payment terms
are 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.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous year.
The drop in India was steeper at 21 %. State run carrier Air India is doling
out free tickets to its 24000 employees, even as it expects to incur a loss of
Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number
of jobs generated across India in 2013, a fall of 0.4 % as compared to with a
year earlier. The National Capital Region has a one-fourth share in total
jobs created, according to a study by industry lobby group Assochem, Banks,
real estate, automobile and telecommunications sectors are showing a rise of
job creation. $ 805 mn investments by venture capital firms in India during
2013, registering a drop of about 18 % over the previous year. The Information
Technology and IT-Enabled Services Industry retained its status as the
favourable venture capital investors in 2013. Pakistan has temporarily banned
gold imports for the second time in six months, as it tries to stem smuggling
into India. India’s import duty on gold is 10 % and curbs on purchases have
dried up legal imports into what used to be the world’s biggest bullion buyers.
The World Gold Council puts the amount smuggled into India at upto 200 tonnes
in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits
estimated to be about Rs 35000 mn be used for education and awareness among
depositors. According to the plan, deposits that have not been claimed
for at least 10 years will be transferred to the scheme.
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. Kalpesh Tiwari |
|
Designation : |
Export Manager |
|
Contact No.: |
91-79-40275300 |
|
Date : |
10.02.2014 |
LOCATIONS
|
Registered / Head Office : |
606, Abhijit Buildings, Mithakhali Six Road, Ahmedabad – 380006, Gujarat,
India |
|
Tel. No. : |
91-79-40275300 / 26425300 |
|
Fax No. : |
91-79-40273324 / 26561331 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office : |
No. 168/1, G/F Golden Jublee Flats, Padi Kuppam Road, Anna Nagar
(West), Chennai - 600 040, Tamilnadu, India |
|
Tel. No.: |
91-44-26157638 |
|
E-Mail : |
|
|
|
|
|
Factory : |
44/45, Phase-I, GIDC, Vatva, Ahmedabad, Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Aditya Harinbhai Chokshi |
|
Designation : |
Director |
|
Address : |
Shrihari, Opposite Polythechnic, Ambawadi, Ahmedabad – 380015,
Gujarat, India |
|
Date of Appointment : |
01.04.1995 |
|
DIN No. : |
00028278 |
|
|
|
|
Name : |
Mr. Harin Ambalal Chokshi |
|
Designation : |
Director |
|
Address : |
Shrihari, Opposite Polythechnic, Ambawadi, Ahmedabad – 380015,
Gujarat, India |
|
Date of Appointment : |
04.07.1968 |
|
DIN No. : |
00028322 |
|
|
|
|
Name : |
Monal Dineshbhai Choksi |
|
Designation : |
Director |
|
Address : |
Nishant, Opposite Polythechnic, Ambawadi, Ahmedabad – 380015, Gujarat,
India |
|
Date of Appointment : |
05.01.1990 |
|
DIN No. : |
00028364 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Harinbhai Ambalal Choksi |
9282 |
|
Shreedeviben Harinbhai Choksi |
9500 |
|
Adityabhai Harinbhai Choksi |
9500 |
|
Yaminiben Adityabhai Choksl |
9090 |
|
Vandanaben Dineshbhai Choksi |
9500 |
|
Monalbhai Dineshbhai Choksi |
9500 |
|
Beenaben Monalbhai Choksi |
9090 |
|
Haribhai A Choksl HUF |
9495 |
|
Pranjaliben Anandbhai Shah |
9444 |
|
Dineshbhai A. Choksi HUF |
9500 |
|
Arcoy Services Private Limited |
4000 |
|
Asmitaben Himanshubhai Patel |
10 |
|
Kantaben Kanaiyalal Patel |
10 |
|
Monika Himanshu Patel |
10 |
|
Padmakant Kanaiyalal Shah |
10 |
|
Aditiben Harin Choksi |
49 |
|
Himanshubhai K Shah |
10 |
|
|
|
|
Total |
98000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
4.00 |
|
Directors or relatives of Directors |
96.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemical, Copper Plants, Dyes and
Intermediates, Pulp and Paper etc. |
|
|
|
|
Exports : |
|
|
Products : |
¨ Chemical ¨ Copper Plants ¨ Dyes and
Intermediates ¨ Pulp and Paper |
|
Countries : |
¨ South Africa ¨ Jordan ¨ UAE |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
¨ China ¨ Netherland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
¨ The Kalupur
Comm. Co-Operative Bank Limited Kalupur Bhavan, Near Income Tax, Ahmedabad -
380009, Gujarat, India ¨ State Bank Of India
- Lead Bank Mid Corporate Group, Industrial Finance Branch, Marble Arch, Race
Course Circle, Vadodara - 390007, Gujarat, India ¨ The Karur Vysya
Bank Limited, Motilal Centre, Ashram Road, Ahmedabad – 380009, Gujarat, India
¨ Nutan Nagarik
Sahakari Bank Limited, Central Office, Near Samarthewshwar Mahadev, Law
Garden, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. K Choksi and Company Chartered Accountants |
|
Address : |
Madhuban, Near Madalpur Underbridge, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Tel. No. : |
91-79-30012009 |
|
Mobile No. : |
91-9925174555 - 56 |
|
Fax No. : |
91-79-26569929 |
|
E-Mail : |
|
|
PAN
No. : |
AAAFG7623H |
|
|
|
|
Enterprises over which key managerial personnel and
their relatives exercise significant influence : |
¨
Venketeshwar Corporation ¨ Arcoy India
Private Limited (Formerly known as Arcoy Services Private Limited) ¨
Ambalal Ranchoddas Choksi Private Limited ¨
Pratishtah Estate Dev. Private Limited ¨
Coex Packaging (I) Private Limited ¨
Orbit Enterprise ¨
Tirupati Corporation ¨
Sapphire Agency ¨
Orion Appliances Private Limited ¨
Arcoy Biorefinery Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98000 |
Equity Shares |
Rs.100/- each |
Rs.9.800 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
9.800 |
9.800 |
5.500 |
|
(b) Reserves & Surplus |
287.789 |
288.214 |
36.396 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
297.589 |
298.014 |
41.896 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.051 |
10.297 |
15.403 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
5.051 |
10.297 |
15.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
317.450 |
352.783 |
312.105 |
|
(b) Trade payables |
94.816 |
61.493 |
63.902 |
|
(c) Other current
liabilities |
32.047 |
40.512 |
62.977 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
444.313 |
454.788 |
438.984 |
|
|
|
|
|
|
TOTAL |
746.953 |
763.099 |
496.283 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
227.191 |
228.073 |
21.453 |
|
(ii) Intangible Assets |
0.021 |
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 |
67.719 |
67.723 |
67.723 |
|
(c) Deferred tax assets (net) |
0.912 |
0.376 |
0.029 |
|
(d) Long-term Loan and Advances |
1.133 |
1.755 |
1.946 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
296.976 |
297.927 |
91.151 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
52.023 |
70.564 |
76.400 |
|
(c) Trade receivables |
155.381 |
152.671 |
110.428 |
|
(d) Cash and cash
equivalents |
22.843 |
20.691 |
23.482 |
|
(e) Short-term loans and
advances |
211.375 |
191.745 |
192.385 |
|
(f) Other current assets |
8.355 |
29.501 |
2.437 |
|
Total Current Assets |
449.977 |
465.172 |
405.132 |
|
|
|
|
|
|
TOTAL |
746.953 |
763.099 |
496.283 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
508.966 |
302.501 |
283.388 |
|
|
|
Other Income |
18.152 |
14.053 |
12.322 |
|
|
|
TOTAL |
527.118 |
316.554 |
295.710 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
162.893 |
96.535 |
66.930 |
|
|
|
Other operating expenses |
134.646 |
125.643 |
127.410 |
|
|
|
Purchase of stock in trade |
49.740 |
32.267 |
39.592 |
|
|
|
Changes in inventories |
17.613 |
(43.091) |
(37.721) |
|
|
|
Employee benefit expenses |
24.034 |
19.969 |
18.868 |
|
|
|
Other expenses |
87.273 |
25.672 |
37.159 |
|
|
|
TOTAL |
476.199 |
256.995 |
252.238 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
50.919 |
59.559 |
43.472 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
45.298 |
52.256 |
32.238 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.621 |
7.303 |
11.234 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.890 |
4.482 |
5.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.731 |
2.821 |
5.805 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.265 |
2.054 |
3.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.466 |
0.767 |
2.770 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
36.933 |
36.166 |
33.396 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
37.473 |
36.933 |
36.166 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of Goods (FOB Basis) |
293.810 |
67.689 |
136.934 |
|
|
TOTAL EARNINGS |
293.810 |
67.689 |
136.934 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
14.928 |
Nil |
3.203 |
|
|
TOTAL IMPORTS |
14.928 |
Nil
|
3.203 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.75 |
7.83 |
50.37 |
|
Expected Sales (2013-2014): Rs.800.000 Millions
The above information has been parted by Mr. Kalpesh Tiwari
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.09
|
0.24 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.34
|
0.93 |
2.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.25
|
0.40 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08
|
1.22 |
7.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
1.2 |
0.92 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current maturities of long term debts |
4.001 |
5.821 |
NA |
|
|
|
|
|
|
Total |
4.001 |
5.821 |
NA |
|
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
three 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 |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Inter corporate deposits |
4.169 |
20.745 |
|
From shareholders, directors and their relatives |
62.296 |
47.185 |
|
|
|
|
|
Total |
66.465 |
67.930 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10344343 |
12/03/2012 |
444,500,000.00 |
The Kalupur Comm. Co. Op Bank Ltd. |
Kalupur Bhavan, Nr. Income Tax, Ahmedabad, Gujarat - 380009, INDIA |
B35841907 |
|
2 |
10341375 |
13/02/2012 |
50,000,000.00 |
THE KALUPUR COM CO-OPERATIVE BANK LIMITED |
KALUPUR BANK BHAVAN, NR. INCOMETAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380009, INDIA |
B34614453 |
|
3 |
10322552 |
03/11/2011 |
20,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LTD. |
KALUPUR BANK BHAVAN, NR. INCOME TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380009, INDIA |
B27645670 |
|
4 |
10224717 |
15/06/2010 |
50,000,000.00 |
THE KALUPUR COMMERCIAL CO.OP. BANK LTD. |
KALUPUR BANK BHAVAN, INCOME TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380013, INDIA |
A87948121 |
|
5 |
10197897 |
08/01/2010 |
80,000,000.00 |
THE KALUPUR COMMERCIAL CO OPERATIVE BANK LIMITED |
KALUPUR BANK BHAVAN NR. INCOME TAX CIRCLE, ASHRAM |
A77582344 |
|
6 |
10154012 |
16/04/2009 |
7,500,000.00 |
THE KALUPUR COMMERCIAL CO.OPERATIVE BANK LTD. |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
A60876125 |
|
7 |
10154014 |
16/04/2009 |
7,500,000.00 |
THE KALUPUR COMMERCIAL CO.OPERATIVE BANK LTD. |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
A60876661 |
|
8 |
10126614 |
22/12/2009 * |
610,000,000.00 |
STATE BANK OF INDIA - LEAD BANK |
MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE
COURSE CIRCLE, VADODARA, Gujarat - |
A76172444 |
|
9 |
10068076 |
06/08/2007 |
10,000,000.00 |
THE KALUPUR COMMERCIAL CO.OPERATIVE BANK LTD |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
A23384654 |
|
10 |
10068079 |
06/08/2007 |
10,000,000.00 |
THE KALUPUR COMMERCIAL CO.OPERATIVE BANK LTD |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
A23406366 |
|
11 |
10003246 |
06/06/2008 * |
17,000,000.00 |
THE KALUPUR COMMERCIAL CO.OP. BANK LTD. |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
A42209809 |
|
12 |
90108056 |
29/06/2004 |
8,000,000.00 |
THE KALUPUR COMMERCIAL CO.OP. BANK LTD. |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380006, INDIA |
- |
|
13 |
80002899 |
29/04/2006 * |
4,000,000.00 |
THE KALUPUR COMMERCIAL CO. OPERATIVE BANK LTD. |
"KALUPUR BANK BHAVAN", NR. INCOME TAX CIRCLE, ASHRAM ROAD,
AHMEDABAD, Gujarat - 380006, INDIA |
- |
|
14 |
80002902 |
28/07/2003 |
2,000,000.00 |
THE KALUPUR COMML COOP BANK LTD |
ASHRAM ROAD, AHMEDABAD, Gujarat - 380009, INDIA |
- |
|
15 |
90108983 |
19/03/1993 |
300,000.00 |
THE KALUPUR COMM. CO-OP BANK LTD. |
415 CHOKHA BAZAR KALUPUR, AHMEDABAD, Gujarat - 380002, INDIA |
- |
* Date of charge modification
FIXED ASSETS
v
Leasehold Land
v
Building
v
Plant and Machinery
v
Office Equipment
v
Furniture and Fixture
v
Computer
v
Vehicles
v
Software
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.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.