MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
KENT
TECH METERS PRIVATE LIMITED |
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Registered Office : |
White
House, 117, Park Street, Kolkata-700016 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
20.04.2005 |
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Com. Reg. No.: |
21-102777 |
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CIN No.: [Company
Identification No.] |
U33122WB2005PTC102777 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALK04779F |
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PAN No.: [Permanent
Account No.] |
AAACCK5652K |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carry on the business of manufacture, assembly, designing, engineering,
fabricating, calibrating, constructing, acquiring, buying, selling, leasing,
hiring, trading, import and export, distribution, alteration, servicing,
repairing, maintaining, installing, or otherwise of all types of meters
including but not limited to water, gas, all kinds of oil and energy meters
of all types, Time of Day (ToD) energy meters, digital heat loss meters,
meters for measuring heat losses, furnace oil flow, steam flow, electric
energy and power factor meters, special energy meters for Availability Based
Tariff (ABT), meter test equipment, meter test equipment, meter reading
instruments, infra-red thermograph, meters, industrial jewels, magnets,
ammeters, voltmeters, telemeter systems and other types of measuring
instruments whether mechanical, electrical load monitoring systems,
instrumentation and monitoring system or monitoring energy flows, micro
parts, subassemblies together with the peripherals, materials and accessories
thereof in relation to all such meters and measuring instruments for all
types of energy which include electrical, gaseous, thermal, oil and hydro
including research and development for the next generation of all kinds of
meters for measuring all types of flow. To undertake turnkey projects of
every description, to undertake the supervision of any plant and factory and
to act as surveyors, consultants, agents. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Slow
but correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and in the process of establishing itself. Directors are
reported as experienced and respectable businessmen. Trade relations are
reported as fair. Payments are however reported as slow but correct. The
company can be considered for small to mediocre business dealings at usual
trade terms and conditions, with slight caution initially. |
LOCATIONS
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Registered Office : |
White
House, 117, Park Street, Kolkata-700016, India |
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Tel. No.: |
91-33.22290045 |
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Fax No.: |
91-33-22291264 |
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Factory
1 : |
Vaishnawi
Dham, Block C, Diamond Harbour Road, Joka, Kolkata, West Bengal-700104, India |
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E-Mail
: |
DIRECTORS
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Name : |
Mr.
Vikash Agarwal |
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Designation : |
Director |
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Address : |
9H,
Embassy, 4, Shakerspeare Sarani, Kolkata-700071 |
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Date of Birth/Age : |
11.09.1965 |
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Date of Appointment : |
20.04.2005 |
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Name : |
Mr.
Shekhar Mukherjee |
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Designation : |
Director |
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Address : |
Flat
No.3A, 174/26, NSC Bose Road, Kolkata-700040 |
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Date of Birth/Age : |
27.10.1952 |
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Date of Appointment : |
20.04.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr.
Vikash Agarwal |
5000 |
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Mr.
Shekhar Mukherjee |
5000 |
BUSINESS DETAILS
|
Line of Business : |
To
carry on the business of manufacture, assembly, designing, engineering,
fabricating, calibrating, constructing, acquiring, buying, selling, leasing,
hiring, trading, import and export, distribution, alteration, servicing,
repairing, maintaining, installing, or otherwise of all types of meters
including but not limited to water, gas, all kinds of oil and energy meters
of all types, Time of Day (ToD) energy meters, digital heat loss meters,
meters for measuring heat losses, furnace oil flow, steam flow, electric
energy and power factor meters, special energy meters for Availability Based
Tariff (ABT), meter test equipment, meter test equipment, meter reading
instruments, infra-red thermograph, meters, industrial jewels, magnets,
ammeters, voltmeters, telemeter systems and other types of measuring
instruments whether mechanical, electrical load monitoring systems,
instrumentation and monitoring system or monitoring energy flows, micro
parts, subassemblies together with the peripherals, materials and accessories
thereof in relation to all such meters and measuring instruments for all
types of energy which include electrical, gaseous, thermal, oil and hydro
including research and development for the next generation of all kinds of
meters for measuring all types of flow. To undertake turnkey projects of
every description, to undertake the supervision of any plant and factory and
to act as surveyors, consultants, agents. |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
350000 |
Equity
Shares |
Rs.10/- each |
Rs.3.500 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
30000 |
Equity
Shares |
Rs.10/- each |
Rs.0.300 millions |
LOCAL AGENCY
FURTHER INFORMATION
Change of Registered Office :
The
chairman proposed for change of address from White House, 117, Park Street,
Kolkata-700016 to Vaishnawi Dham, Block-C, Diamond Harbour Road, Joka,
Kolkata-700104 for smooth running of the business.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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.44.17 |
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UK
Pound |
1 |
Rs.86.66 |
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Euro |
1 |
Rs.57.25 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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28 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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